Hi
I have had many works on OIL chart and
honestly I have not been able to find a satisfying analysis even for myself but I always want to share my ideas and get you opinions about them.
For crude there are to bold scenarios for sell and buy and it is not practical because the trend will go up or down finally and having buy and sell scenarios may work for...
Hello
GOLD is on the most tricky charts in the market and you all know that we never tired to repainting our charts for XAU. I have counted it like this and I think we are in wave 5.
The main question for a trader with Elliott strategy is that if it the last impulse wave and then chart of gold will reverse or it was just wave 12345 minors and wave (1)...
Gold creates a triple bottom in the 15m tf
Entering two long positions.
- Entry 1 targeting my lowest current tp
Entry 1: 2 283
TP: 2 309.8
SL: 2 277.3
- Entry 2 based on the fact that gold is & staying on an upward climb for a good long while
Entry 2: 2 283.473
TP: 3 316.3
SL: 2 277.3
Following an explosive surge that propelled Cocoa ( NYSE:CC ) to the $1000 mark, the price is now encountering resistance around this significant psychological level. Observing this resistance, there's anticipation for a correction towards the area of interest defined by my TP zone.
While a revisit to the $1000 level in the coming days is plausible, it's probable...
Gold Potential Setups
Everything is explained on the chart. if we move against the trend, the sell trade, i would recommend to risk 0.5%. if we look for the buy trade (moving with the trend) then you can risk 0.7% - 1%. Keep in mind that tomorrow we have NFP
price might come to liquidate the last HL and then move to the upside (If Any)
This is only an idea...
Yesterday’s 2270 bullish strategy was very much in line with expectations. Gold price stood above 2300, successfully reaching our target price.
Wait for a pullback before buying today. I think around 2287 is a good buying point and a historical support.
The golden four-hour lines are all big positive lines, all heading north without any signs of turning around....
The XAU/USD currency pair is presenting a lucrative opportunity for a 227-pip long trade, particularly for traders employing scalping strategies. Currently, there exists a buying zone in the range of 2279 to 2283 for gold against the US Dollar, indicating a favorable area for entering long positions. In scalping, traders aim to capitalize on short-term price...
Gold rebounded higher after the disappointing services PMI report.
Gold broke out and increased around the $2,300 area after the US services PMI report was lower than expected.
In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in...
Hello traders. Here is the 4 hour chart. We have news this morning here in the U.S. in a little under 2 hours. I am looking to buy from the areas marked on the chart. This is speculation, and we have to see what the news numbers look like .( even though Biden's Fed manipulate the data every time and can't be trusted) Big G gets all my thanks. Let's see how...
OANDA:XAUUSD
Spot Gold kept rallying on Tuesday, peaking at the beginning of the day at $2,304.81 a troy ounce, a fresh record high. The bright metal benefited from the broad US Dollar’s weakness as Federal Reserve (Fed) officials aligned beyond Chairman Jerome Powell and worked on cooling hopes for soon-to-come rate cuts. Despite the central bank having...
Wow, RSI hit oversold already. I couldn;t figure out what was gonna happen yesterday, and there's really no way to have predicted this, lol.
We could see a bounce, but I'm not playing it. Staying cash.
✅ Xauusd Market Insight 📈📉
🔰OutLook 🔍
🔰RESISTANCE
◾2285
◾2297
◾2301
🔰SUPPORT
◾2270
◾2260
◾2253
Long position above 2285 with targets at 2297 & 2301 in extensions
Below 2285 and 2281 look further downside with 2270 / 2260 & 2253 as Support Target 🎯🎯
✅ BEST OF LUCK TO ME IF YOU LIKE THIS IDEA COMMENT AND FOLLOW THANKS FOR SUPPORT 🤞
Short on gold take 2 trades with 1-2% risk ( Close one trade at TP and let other run till tomorrow NFP ). And make sure to adjust your SL to be if possible i will update.
![CC1!: [CC] Cocoa bull run is over ?](https://s3.tradingview.com/s/sRwaafJd_mid.png "[CC] Cocoa bull run is over ?")
