The yellow metal seems to be headed for retracement at 68.1 -79 fib levels before resuming its bullish momentum towards $2400 per ounce. Being the safe haven amid the crisis in the Middle East and the Israel-Hamas war, gold is likely to continue with its bullish trend.
#GOLD... well guys first of all congratulations to all for a smoothly short selling ride, and now we have 2335 as our supporting area, keep close that level because if market hold it then again bounce expected from here, keep close 2335 that was your area and we discussed that area in our morning day analysis video, one n only area 2335 stay sharp. good luck...
Gold made some huge moves these days and we can made huge profit from that Today we had 3 pos on gold from our golden area 2 of them hit tp and the one hit 20 pips sl Totally we made 180 pips
Crude Oil (May) Yesterday’s close: Settled at 86.43, down 0.48 On Friday, geopolitical premium helped the nearby month in Crude Oil futures traded to the highest level since October 23rd, and the May contract hit the highest since June 2022. Price action gapped lower from the 86.91 settlement on the open Sunday night, but strength into the onset of U.S. hours...
The bullish trend of gold is obvious. In the current global environment, the factors driving the rise of gold prices have gone beyond a single decision to increase or decrease interest rates on the US dollar. The global political situation is turbulent, the economy continues to slump, and the conflict between Russia and Ukraine has fallen into a long-term tug of...
CRYPTOCAP:BTC broke out but it LACKED VOLUME, we brought that up. Since then, #BTC has come back into the Symmetrical Triangle pattern. IMO it will likely break before next week. #Bitcoin Money Flow does seem to be creeping up but it's most likely due to the lack of sellers at the moment. It is not real buying. This is ditto for $ETH. Shorts are hanging around...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
The current fluctuations in gold prices are mainly affected by market news, and the rise and fall depend on the intensity of the selling. whether it is the impact of risk aversion caused by war factors or the economic impact of whether the United States cuts interest rates, it is undoubtedly supporting gold. If it continues to rise, then as long as there is no...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
After our strong breakout yesterday, we were expecting a retest of our symmetrical triangle pattern. We have gone a little lower than a perfect retest, but I believe it is to fill the gap we created on CME. A daily close above our trendline would indicate a successful retest of our symmetrical triangle and also a successful liquidity test of the CME gap.
Support is becoming resistance so the market should go down...
According to my analysis, xau tends to go on a swing and could create an uptrust before going on a bearish hedge
Last trade in RAMADAN as you can see we have good price action setup also the market back to test the last key level and we will see a new highs in GOLD
Daily resistance is 2354, support below is 2300-2276 Four-hour resistance 2342-54, support below 2300-2276 Gold operation advice: From the perspective of the general cycle trend of gold, the gold weekly maintains an upward trend, with high points being refreshed again and again, with the target targeting 2400. Although there is hope that it will continue to break...
We've been out of sells all this time protecting our capital & letting our buy positions run into higher profit. But this this selling analysis remains intact as our 'selling confirmation zone' has not hit yet. I have moved the 'selling confirmation' price higher to $2,265. Being patient & not rushing into trades🤞🏼 ⭕️5 Wave Bullish Move Complete. ⭕️Selling...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Hey Everyone, Another Piptastic day with our chart idea completed with our final target at 2364 HIT. Once again you can see how well our levels were respected in a range where no one has any existing levels to go by, but our averaged levels are being respected to perfection like magic!!! After yesterdays rejection into 2324, where price found support, as...
if Sustain above 2358 then 2371 to 2375 then 2383 to 2391 or 2396 above this bullish then 2419 to 2421 if Sustain Below 2351 to 2350 then 2346 then 2324 then 2321 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a registered analyst or advisor. I does not...