Still holding, waiting for the price to break down and contest the diagonal support. Adjusted my TP slightly to secure profits and possibly play a bounce here… Patiently waiting to see how it reacts around the 2315 - 2330. If I see a nice candle signalling buyer support around there I’ll jump in long for a few pips. Possibly looking to hit 2380+ for a double...
Weekly analysis video including my thoughts about the upcoming economic events and price action on the S&P and Nasdaq.
Gold is overvalued at the moment. I see a reset down to 2300 in the next couple of days. With a push lower further into the quarter.
Opening as price stables above Looking for a slight pullback to 50%./68.1 fib level 2350/2347 Theres a potential hit of a target =2600&2900 I guess gold will continue this yearly trend even if it takes another ten years to start the run to 500/10k. I predict gold tp go higher as btc does become more transactional worthy world wide as that does good in times...
Price is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 27.69 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 27.09 Why we like it: There is a pullback support...
The price has broken through and closed above the key zone of 2340-2350, which has been consistently respected in the past. This area can be seen as a pivotal swap zone. Analyzing the daily timeframe, we can observe a strong bullish candle forming near this level, highlighting its importance as a support area. As we look ahead to next week, I expect some...
After gold made a breakout buy last week, now is the time for gold to retest. Apart from that, on TF H1 there is a lower base that has been broken out and a short M pattern is visible.
Looks like as gold goes high, people are going to work doing the summer. Coffee is pivoted to reverse its down trend. Keep an eye on STBX$ sales.
Bearish on gold, i have a sell stop in place for retracement
Hello, We've identified a current opportunity to buy wheat futures with a high probability and a favorable risk-reward ratio according to the weekly chart analysis. Our target is set at $760 within a few weeks. Ibrouri
NQ failed on a breakout attempt last Friday morning. It hit the top end of supply and trendline resistance at the same time, right before consumer sentiment data was released. Price precedes news. Here are some bullish and bearish scenarios I'll be watching for this week.
Bullish bias Potential (Re-accumulation) Price could pull into the demand zone highlighted - looking for price to demonstrate movement that confirms bullish intent, i.e, smaller timeframe analysis bullish BOS RR 1:5
Hello,Traders! GOLD broke out of the Bullish wedge pattern and Went up just as I predicted And is now going down To retest a horizontal Support level around 2346$ And as we are bullish biased We will be expecting A local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
ES moved up slowly last week on unusually low volume. It had been forming an ascending wedge, which would normally be bearish, but this time it broke out above. I'm skeptical of this move due to the volume, but as long as it can maintain above this wedge and/or 5200, I think a rally back into supply at 5300 is likely. We'll have to wait and see if that ends up...
In case of formation of Bullish patterns in the price area of 2320-2350, it is recommended to buy in the medium and long term .
In case of formation of Bullish patterns in the price area of 2320-2350, it is recommended to buy in the medium and long term .
Targeting new ATHs for gold in next few weeks. Two failed attempts to break and hold outside the orderblock. Third break and retest I want to be entered in longs, 1:3RR 1%R, will swing this trade until target is reached. Plenty news this week with USD. Will be interesting to see what develops. I believe gold wants to climb higher.