The gold trend is downward and we will see more gold falls... I am not a gold trader because I am afraid of the volatility of gold This process is only for someone who invests.
Natgas is again approaching the usual support level around 1.613. I think we can't go any lower than that, so it might be worth taking a long position. The lowest possible can be 1,566.
WTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at...
The price of spot silver versus the US dollar (XAG/USD) remains entrenched within a moderate uptrend. This tends to attract trend-following systems that attempt to buy breakouts of key areas of resistance and buy into corrections. As evident from the H4 chart, price action has rebounded from an equal AB=CD harmonic formation at $26.79. Traders commonly enter...
The support line marks the point where demand takes precedence over supply and prices will not decrease below that support line. The reverse holds true for a resistance line. Prices often break through support and resistance lines. A breakthrough a resistance line shows that the buyers have won out over the sellers. Open price 2340 When the price moves up and...
Gold rejected from supply zone/order block from yesterday and has formed a lower low this morning. If we go by ICT we are going back to 22xx from here. I have entered a short once the previous low was broken at around 2324.5. Plan is to exit in parts based on support levels below and Fibs. With news and wars making markets extremely volatile I entered the trade...
Good morning Traders ☕️ No plan today, just monitoring the 1H SELL ZONE + the FVG to see if we might have a reaction, but at the moment I don’t see other clear zones 😅 I try to keep it safe guys. Yesterday was a no trade for me 🤝 Something the best thing to do is to stay out 💯 Check my profile for more GOLD analysis 🧐 Trade smarter, not harder! 💼📈 Don't...
CME_MINI:NQM2024 - PR High: 17822.50 - PR Low: 17755.25 - NZ Spread: 150.0 Key economic calendar event 08:30 | Core PCE Price Index (2x) Closed prev high with vol spike back to week highs - Faded with strength at open from prev session high - Holding inventory in 17740s Evening Stats (As of 1:35 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) -...
Gold (XAU/USD) is rising towards the pivot which has been identified as an overlap resistance. Could this precious metal stall around this level before potentially reversing to drop towards the 1st support? Pivot: 2,344.22 1st Support: 2,314.56 1st Resistance: 2,361.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 17 - 2024 ECONOMIC COMMENTARY This week, international gold prices continued to increase beyond the threshold of 2,400 USD/oz to 2,417 USD/oz, but then gradually decreased and closed at 2,390 USD/oz. Gold prices rose again to exceed 2,400 USD/oz on April 19 due to an attack believed to be by Israel...
Gold chart overview Today I will post an overview on the various time frames and also outline the trends and detailed entries
Gold (XAU/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,342.54 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 2,359.96 which is a pullback resistance that sits above the 50.0% Fibonacci retracement level. Take profit is at...
Now that gold has exceeded $2,330, the release of data on the number of initial jobless claims in the United States for the week ending April 20 will have an impact on gold. After the data was released, the price of gold fluctuated rapidly. On Thursday, the United States will release preliminary data on first-quarter gross domestic product (GDP), which is...
Gold Are going to Long Again H4 Candle hovering Towards to follow the upper direction although the retailers are in sell
Gold struggles to stage a rebound following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% ahead of US data, not allowing XAU/USD to gain traction. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around...
xauusd has cleared the asian session high and we are now heading to the downside heading for those lows + we are also expecting london session to make high of the day