As discussed on my yesterday's session commentary: "My position: I have managed to catch decent #10-point Profit throughout Friday's session, Selling High's which brought #2,327.80 test. I will assume no new orders for the session and will look to re-Sell Gold as Higher as I can. #2,342.80 - #2,352.80 is optimal re-Sell zone. I am very comfortable with waiting /...
Gold prices have fallen: Some Notes on the US Futures Market 1. The price is breaking through 2328 and the decline is clearly caused by 2. Signals buy now, sell soon to make short profits 3. If the price continues to fall, the news will be good for the US dollar. As a business, we will pay attention to the resale of PLAN DAY BUY 2306-2304
As discussed on my yesterday's session commentary: "My position: I have managed to catch decent #10-point Profit throughout Friday's session, Selling High's which brought #2,327.80 test. I will assume no new orders for the session and will look to re-Sell Gold as Higher as I can. #2,342.80 - #2,352.80 is optimal re-Sell zone. I am very comfortable with waiting /...
Gold is ready to drop lower and test the 2300 level, I expect price to rise alittle hihger to the order block on 2340, this will give me a sell entry, stops are above the 2347 level. Use proper risk management.
Hello Traders , Upon examining the gold chart in the 1-hour timeframe, we can see that after the price entered the targeted supply zone ($2352), it faced selling pressure and corrected with a drop of 230 pips down to $2328. Now, gold has closed at $2338, and I expect further correction with the market opening, although it’s possible that the price may re-enter the...
From a technical point of view, the daily star K-line has fluctuated within a narrow range for four consecutive trading days. The decline was only at the beginning of the week. Judging from the current structure of the daily line, it is still a correction. After the previous decline, it did not quickly recover the lost ground, but fell into the consolidation and...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has now printed a bullish iBOS aligned with swing structure. Following bullish iBOS we expect price to pullback. Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold. Intraday expectation: Price to target weak internal high,...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. The latest forecast for Gold to fall lower with wave ((2))-red has taken place 🎯. Here is the latest update: The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher. The short-term outlook suggests that the ((1))-red wave has just...
Gold is beginning to trend downward as the dollar shows a slight uptick in strength at the outset of the EUR/LON session. While the dollar index remains within the range of 105 to 106, a breakthrough above 106.100 or 106.200 could signal further gains for the USD in the upcoming wave. However, it's worth noting that we've been witnessing high timeframe...
Look for sell side liquidity to be purged @ 138.6 Those lows are suspect to me. We see a rejection at 138.60. My belief based on my understanding of ICT is that these lows will be purged. Probably wicked. We will then look for a reversal with some significant upside movement at least to the weekly gap indicated. NOT FINANCIAL ADVISE
Liquidity has been swept below the 2320 level; a pullback is anticipated. Confirmation of price action on lower timeframes is awaited.
This morning we have a breakout confirmation of a Head and Shoulders top with minimum target of $23.5 and a stop loss not far away to the upside. The risk/reward is as good as it gets on this short trade.
Currently, gold is experiencing a bearish market scenario, with fluctuations in its price witnessing a state of imbalance. Employing a swing trading strategy suggests waiting for the price to rebound to the $2400 mark before executing a sell order.
Gold tends to makes its way down after it has been expected to make a sweep through the 60's .. the weekly candle formation supersedes the sweep activating the sell momentum .as deciphered in the chart analysis .... tp 1 and tp 2 are point of interest .sit tight fellaz . and anticipate the moves ..follow for more insights and boost idea .Akcapitals✨
Structure to the upside is still be maintained, the only thing I will cation everyone is to look at any fundamental news especially interest rate that will make the dollar stronger. despite that I see we should slowly continue to the upside before retracing below. Follow for more and crazy breakdonws
A bearish flag is a technical chart pattern that can indicate a potential continuation of a downtrend in financial markets. It is considered a continuation pattern because it typically forms within a trend, suggesting that after a brief pause or consolidation, the price is likely to continue moving lower. Here's how it generally looks and works: 1. **Prior...
Silver (XAG/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 26.54 which is a pullback support that lies above the 61.8% Fibonacci retracement level. Stop loss is at 26.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at...