Technical situation: 1H, 4H, 1D - strong bullish trend. It is worth paying attention to the level of 2332.67 Closing of the session on Friday and the formation of accumulation with the subsequent retest of the maximum gives us the preconditions that the market has not finished its growth. A break of the resistance at 2330.5 may continue the growth. But, it is...
Cattle futures have gotten hit hard over the last few weeks as headline risk coupled with bearish seasonal tendencies have led to long liquidation from Funds. The selling pressure accelerated on March 26th as headlines of Avian flue spreading to (dairy) cattle in Texas and Kansas swept across all the different agricultural news wires and raised concerns of...
Silver, often considered the "poor man's gold," has been under scrutiny lately as it seems to lag behind its more illustrious counterpart. Traders and investors are closely monitoring silver's behavior relative to gold, seeking potential opportunities amidst this divergence. Let's delve into the technical analysis to discern potential trading...
For all the Aussies out there who are looking to buy more gold at the best price here is the area you should be looking at buying. $3200 is the ideal area. However price can bounce off the highlighted green area.
$40,358 all-time highs was printed at the beginning of the week but a drastic sell-off led YM to sweep below the Feb 14th bullish fair value gap @ $38,909 before a late friday retracement. Inverted fair value gap between the 18-20th Mar 24 has been attacked and respected on the Friday so I will be keeping a close eye on YM to see whether it could be the first...
Similar market structure to ES, with the daily price action closing inside of the daily order block in a discount. I will be awaiting for a clean rejection from this area before I can consider sellside liquidity being up for grabs. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is...
December corn futures, often referred to as the “new crop” contract because it is the price for the U.S. crop that is about to get planted. The first crop progress report of the year showed just 2% of the crop is planted in the United States. With the crop hardly in the ground, there are uncertainties around production potential that tend to offer seasonal...
we made almost 795 pips from our area on gold by 2-3 positions a day on NEWYORK session last week with just two SL . gold make an uptrend in this week now we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special calculation program,...
Overview: Get ready for a potential uptrend continuation in UKOIL! Our charts are painting a picture of bullish sentiment, and we've got the technical set-up to back up our next big move. Technical Analysis: On the 1-hour chart, we've noticed a dip into the golden Fibonacci zone – a classic area of interest for bulls to jump in. It’s an optimal entry spot for...
Here on gold market has been in uptend showing that buyers still in contol . For the coming week there is likely more strong bullish as the price keep stengthing . More buyers is likely to come in . So it expected to trade with money management
Any pullback should be seen as opportunity to go long next target will be 2280
Gold has been bullish with no signs of bears within the market As per our analysis we see gold trading a daily inverted head and shoulders pattern which is a strong bullish chart pattern and thats explains gold aggresive break out to the upside from a technical stand point The pair remains neutral we will continue to monitor it for a valid trade entry
OANDA:XAUUSD Gold price’s (XAU/USD) rally pauses after refreshing all-time highs near $2,305 amid uncertainty ahead of the release of the United States Nonfarm Payrolls (NFP) data for March. The labor market data is expected to influence market expectations for the Federal Reserve (Fed) rate cuts, which financial markets are currently anticipating for...
Gold peaked beyond $2,300, should correct before a new leg north Gold stays in a consolidation phase and trades below $2,290 after reaching a new record-high above $2,300 earlier in the day. The benchmark 10-year US Treasury bond yield holds steady above 4.3% ahead of Fedspeak, limiting XAU/USD's upside.
OANDA:XAUUSD Gold gathered bullish momentum and climbed to a new all-time high above $2,320 on Friday. Although the upbeat March jobs report from the US helps the USD find demand, XAU/USD continues to benefit from escalating geopolitical tensions.
Weekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for...
Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a strong bullish market structure from daily timeframe perspective, so I look only for longs. My point of interest is if price makes a retracement and fills the imbalance then look for a rejection from support zone around 2200. Fundamental news: Next week on Wednesday we have...
Gold lures its moves to the mirage of buying momentum ... projecting its price through to 2500/oz in lieu to the next 3M candle formation ... pullback is being expected in other to continue its bullish momentum , comment , boost , and follow for more insight