NQ - trading session no.84pm - 5pm learning and improving today was hard because of a strong resistance that made price choppy but yk, I cant expect for price action to be perfect every single day PnL: +1 RRby GRBmlr0
Silver volatility shoots up Gold topped $2,450 overnight to hit a fresh record intra-day high. The move follows on from last week’s gains which were marked by a series of higher highs and higher lows. Five weeks ago, gold shot higher in thin Asian Pacific trade to hit a then-record of $2,430. But this proved unsustainable and prices fell back quickly and then took several weeks to find a bottom. The rally since then appears more robust, as each day of gains has been followed by some corrective selling. Silver also shot higher overnight. This followed Friday’s rally which saw silver surge above $30 per ounce, a level which had acted as resistance on several notable occasions. Silver has made incredible gains over the past fortnight, and it was looking overbought at this morning’s highs. We then saw a huge downward swing which took silver prices into negative territory in early afternoon trade. Since then, prices have steadied and indeed recovered, although they remain well below the highs hit overnight. Profit taking by the bulls is understandable given the size of the overnight rally and the pick-up in volatility. But traders would have to be very brave or foolhardy to go outright short on markets behaving this way.by TylerNorcross0
Gold SIlverUse the C9 Fib numbers on the previous range, the entry should only be the 1st at most in a trending marketby Cb98_0
GOLD GO DOWN Hey there on 4hTF The Gold can touch 2430 and then will see downside 2396 so we can now wait for again touch 2430 and forward to sell area Shortby DvsTraderfirm3
XAUUSD -BUY Appears Gold is back on the move up Don't see any reason for Gold not to still be wanted Just profit taking from big run up end of last wee k Longby NZ_Shareman1
Crude Oil (WTI) may rise 80.60/80.95Iranian President Ebrahim Raisi has been killed in a helicopter crash in a mountainous area of the country. Rescuers on Monday found the helicopter that had been carrying the president and other officials including Foreign Minister Hossein Amirabdollahian, who also died, the semi-official Mehr news agency reported. It crashed on Sunday near Tavil village in northwest Iran. Raisi was returning from an event on the border with Azerbaijan in a party of three helicopters when his craft went down with nine people on board, all of whom died. There was dense fog in the region, making conditions difficult for rescue teams. The other two helicopters landed safely. US Senate Majority Leader Chuck Schumer said intelligence agencies had informed him there is no evidence of foul play in the helicopter crash, NBC reported. The president’s death comes at a time of turmoil in the Middle East as the war in Gaza between Israel and Hamas rages. The conflict has edged Iran, which backs the Islamist militant group, and Israel closer to all-out conflict and led to other Tehran-supported groups, including the Houthis in Yemen and Shiite militias in Iraq, to attack ships around the Red Sea and US bases. In April, Iran launched an unprecedented barrage of missiles and drones at Israel, its sworn enemy, though they were almost all intercepted and caused little damage. The Jewish state reacted with a limited strike on an air base in Iran. While tensions between the two countries have since eased, they’re still high with the Israeli military in its eighth month of a war to destroy Hamas — designated a terrorist organization by the US and European Union. Raisi, an ultraconservative cleric in his 60s who won a presidential election in 2021, had been seen as a favorite to succeed Ayatollah Ali Khamenei, Iran’s supreme leader and who’s in his 80s. He’s likely to be succeed by first Vice President Mohammad Mokhber, who has represented Iran on many recent overseas trips and who like many senior Iranian officials is subject to US sanctions. Elections will probably be held within 50 days, as per the constitution. Raisi’s death won’t “seriously disrupt Iran’s internal stability, as security forces, the army and Islamic Revolutionary Guard Corps remain under the control” of the supreme leader, Gregory Brew, an analyst at Eurasia, said in a note. The IRGC is a powerful military and business force and controls many of Iran’s relations with the proxy militias. Both Raisi and Amirabdollahian oversaw the restoration of Iran’s diplomatic relations with Saudi Arabia through a Chinese-brokered deal in March 2023. But it was also a time when there was also a stalemate in negotiations to revive Iran’s nuclear deal with world powers including the US and lift Western economic sanctions. Iranian television earlier aired live footage of scores of ambulances amid heavy rain and fog. The Turkish ministry of defense said it had dispatched a drone in response to a request from Iran to help locate and monitor the crash site. The EU helped by activating its rapid response mapping service.Longby Daniel_Thompson1
Gold Drops Down Soon?We might see a decline in Gold price movement real soon. When the price hits and closes within the zone marked in black , we might see a strong decline in price but if the price closes above the black zone, then the price movement might retest the previous resistance zone before we see another decline in price. Note: This is just for reference purpose. DYOR. Trade what you see not what you feel Shortby johnny_1120
Quick ES Setup RecapJust a quick entry setup recap in the midst of today. Overall, we are still basing within the range I posted Saturday though. CME_MINI:ES1! CME_MINI:MES1! by ESMorg1
GOLD: On the way $2500,Technical and Fundamentals Strong BullishOANDA:XAUUSD Price continued the uptrend as we had advised in our previous chart analysis, however, as the price reached $2443 where many big banks and institutional buyers cashed out led price to drop significantly. However, we expect price to grow towards $2500 which area remain a next big bull run. Currently, both fundamental and technical indicates further growth in the price. The price can rebound from 2406. **Please Like and Comment our ideas which will encourage us to bring you more Ideas like these** Team Setupsfx_ Longby Setupsfx_558
BEARISH FOR GOLDLast 2 weeks was very unlucky for me coz still looking bearish for gold. I still wait for this structure . And put the invalidation level as my last opt. Let see if the market can give me for the next 2 weeks . Trade with minimum risk guys as i always put invalidation level . If broken i will recount it. I will wait for an impulsive wave first before entering the market. Shortby HafizwavetraderUpdated 7716
Perfect analysis and strategy, and trust me, you'll get somethinAnalysis from the chart shows that the bearish trend is XAUUSD As long as it stays below the 2382 threshold. Currently, prices seem poised to consolidate between 2395 and 2370 before a breakout occurs. The general bearish pressure suggests that a fall to 2368 is possible if the trade continues below 2382. While there may be temporary volatility and a possible retracement to 2392 before moving further, that could change if the 4-hour candle closes below 2382, potentially leading to levels of 2369 and 2357. Key level: Bullish line :2392,2400,2406 Pivot line :2382 Bearish line :2369, 2364, 2357, 2344by John-JohnstonUpdated 1
99% accurate analysis and strategy, please do not missHello, traders Due to the serious geopolitical situation taking place in the Middle East, there is a potential trend for US oil to move higher. The Israeli attack on Rafah and the death of the Iranian president have caused serious tensions in the Middle East, which could affect the price of black gold and oil. Bullish target :79.60 79.80 80.10 Bearish target :79.00 78.80 Support :79.23 78.57 78.21 78.85 Master The resistance is 79:85 80.25 Unless the axis is not broken, oil will continue to buy. Stay tuned and share more of this trade analysis with us. Sell pressure in the 79.90-80.00 area of the order block. Let's be happy tradingby John-JohnstonUpdated 1
XAU USD SELLThere is a potential trend reversal on the 1 hour timeframe. If it's going down, the downtrend will be followed up on higher time frames so a huge sell. Stop loss :2441.5 Take profit: 2382.4 or keep it open and wait for higher time framesShortby Visionary_insightsUpdated 7
Trust me, this analysis and strategy will help you make money!Gold (XAU/USD) has started the week off strong pushing beyond the previous all-time high set in April. The precious metal continues to find support from expectations of rate cuts from the Federal Reserve, which have strengthened after the CPI reading last week. Whilst the data was nothing to write home about, it confirmed the expectations for a decline and evidenced a return to the disinflation process. This alleviated growing concerns over a reacceleration in inflation, which continuously pushed back rate-cut pricing in markets since the start of the year. Whilst it is still early to determine whether this is a turning point in inflation risk appetite in markets has improved, with two 25 bps rate cuts almost fully priced in for the remained of the year. Stocks have continued their buoyant ascent to new highs whilst the US dollar has pulled back to a five-week low. For gold, the higher conviction of lower rates has enabled the bullish momentum to take hold once again after a few weeks of correction and downward pressure. Let’s not forget that despite the relative calm in the Middle East in the past weeks, investors continue to eye the conflict as a potential sign of disruption and risk, which has been keeping gold supported even if not rallying. So far, XAU/USD has remained above $2,275 even as the short-term bias turned lower. Technically, gold is starting to push the overbought boundaries once again, but that hasn’t deterred buyers in the past. The RSI is hovering just below 70 but the indicator has been pushed up to 84.5 in the past few months before a reversal has taken place, so there is no immediate pressure to sell just yet. The path of least resistance is likely to continue to be higher in the coming weeks, although investors should be aware of any commentary stemming from FOMC members that suggests markets are incorrect in pricing rate cuts for this year. This would likely be the catalyst for a deeper selloff in XAU/USD. Alternatively, greater concerns about economic growth, both from weakening data or another rise in geopolitical risks, would likely push gold even further higher. $2,500 is likely to be the next psychological target that could offer some resistance.by John-JohnstonUpdated 0
Today's gold analysis, the higher the fall faster?At present, from the perspective of the shape of the disk: the daily structure shows an upward extension of the space with the gradual upward movement of the high and low points on the price over time. From the corresponding indicators, the Bollinger zone of the daily line has an upward opening sign, and the EMA also shows a prolonged state, which also indicates that the current mainstream structure has shifted from the partial sweep pattern to the bullish pattern. That is, in the case of confirming that the current mainstream direction is in a bullish pattern, the next short-term issue to be considered is how to develop in rhythm; Strong upswing OR sweeping upswing (the sweeping nature of the process will be more obvious) and the current stretch is the third time since March, the space needs to be concerned about what? Trend and time point: In terms of the trend of gold, the high and low points gradually rise upward over time (space to achieve upward movement); The daily Bollinger zone opens upward, and the moving average follows the price with signs of upward extension; All the signals prove that the current structure is no longer a simple oscillating structure in the direction or has entered the structure dominated by bulls; Now the problem in the short term is that; The direction seems to be more clear, but the trend in the process is characterized by: fast speed and large amplitude; Do more to see more need to consider the timing, otherwise in such a large space under the volume and correction of the node stepping wrong, the same easy to get slapped; Therefore, in terms of current short-term participation, "timing" can be described as the key to participation; Today's analysis we focus on two: one is about the price of space; The second is about the switching correction relationship between the volume and correction on the short line; In terms of space: 1. Spatial span: From the perspective of daily structure, gold fell and stabilized after the last confirmation above 1980 and then rebounded after a small break sun, and opened a true stretching after repeated support in 2020; The first round of 2020 sprinted 2220 into a shock correction (completed $200 stretch) Second round: 2157 sprint to 2435 zone and fall back to correct the step (completed the $280 stretch); At present, it is the third round of stretching supported by 2275; That is, according to the minimum standard $200, the next correction node may be above 2470, and according to the maximum amplitude (280), it is around 2550 2. Time cycle: The rise began in March; Judging from the performance in these three months; March 2040 sprints to the 2240 zone (finishing); April 2230 sprint 2435(high fall at 2286 closing line) now May confirmed the 2275/2280 area began to climb According to the previous monthly range of $200, the corresponding range of $200 this month is above 2470 (that is, from the time period of this month, the high point area that needs to be considered in May May appear on 2470); 3. Small cycle space: in terms of the rising characteristics specific to the third stage of this round; Gold stabilizes after confirming the 2275/2270 area (and after repeated sweeps to gain strength) to enter the sweeps at 2305; The first stretch 2305 test 2378 pressure back (stretch on $70, back on the gold line 0.382 position 2330) the second 2330 sprint area 2398 (stretch close to $70, back on the gold line 0.618 position); At present, it is the third time to confirm the support above 2370 if the corresponding space above and below $70 is spatially speaking (then in the corresponding small cycle, there may be a correction node position above and below 2440/2445); That is, combine the above three points; The position above the current need to pay attention to: area 2550; 2470 (these two positions belong to the bull trend, there may be a stop or turning point in the future space); In the small cycle level, there may be a need for adjustment and correction above and below "2445"; Of course, the above prices are tentative, and the final determination needs to be verified with short-term trends: Suggestions for operation: 1. First pay attention to the breaking of the 2450/2430 area, directly after consolidation, go a strong, above the first time to touch the 2447/2450 area and try a short space again to defend the 2453 area: 2. After continuous consolidation or horizontal long not attack, then pay attention to the strength of the United States plate and then set more points (mainly to the temporary plate) 3. If the US market opens a strong pullback operation is recommended: 2430/20 area can be light position, stop loss below 2420, the target is above 2440; Secondly, the rise and fall side is accelerated, and the operation can be entered with the trend,by John-JohnstonUpdated 0
GOLD Swing Expecting price to form strong support around the 2400 area and continue the uptrend, potentially extending the record highs.Longby Notizie2
USOIL:Buy@79, target 80Affected by the geopolitical situation, crude oil bulls still take the initiative. Although there was a wave of correction after the failed move to $80, another rise is likely in the short term. Once it breaks through the 80 integer mark, it will continue to test the resistance near $82 upwards. The profit margin is still very large, and it is worth buying during the correction. Don't blindly go short before reaching 82. After all, bulls are now dominant and the risk of going short is high.Longby Get-rich-signalUpdated 113
sell silverlooking for some short trade in silver after such ,asssive move i am expecting a correctionby Mohitsoni080
Gold BuyWe are always telling Gold traders that they need to watch the fundamentals before the technicals as anything can happen. Today the price of Gold shot up due to several factors: 1. The sudden death of Iran’s president in a helicopter crash is a geopolitical event. 2. Tensions in Gaza continue. 3. Jerome Powell, who now has COVID, said last week that there would be no Interest Rate hikes coming soon. 4. China is desperately trying to stabilize its troubled real estate market sending investors to gold as a safe haven.by vuyobeja3
CL1! Looks like a BUY to me Wycoff pattern generally quite reliable I'd say 80% Just had quite a big pull back by NZ_Shareman1
Gold prices set a record high in a new weekDear traders! On the hourly timeframe we see a classic bullish pattern. At the time of writing the price is trading above the strong support zone of 2375 USD being protected by buyers on the bullish wave. Accordingly, the 2,400 USD mark is also an important level that Wall Street experts believe that this week's gold price could reach or exceed its all-time high. At the time of writing, gold is trading at $2,336 after touching $2,440, marking a 0.93% increase on the day. From now until the end of the week, the market will be quite calm after a series of inflation news last week. We now need to wait for US Existing Home Sales in April and the minutes of the FOMC's April/May monetary policy meeting (released on Wednesday, May 21); S&P preliminary manufacturing and services PMI index, weekly jobless claims and new home sales in April (released on Thursday, May 22) and orders report durable goods in April (announced Friday, May 23). It is expected that in the coming time, the medium and long-term upward trend of gold will continue. Technically gold could open the door to challenging the $2,500 mark to at least reap the biggest gains for buyers, as this is often a more encouraging pattern with the ultimate goal of more growth again.Longby ConanForexUpdated 191915
30m GOLD SELL Looking for a similar trade set up to the one we had during london session, we missed out on that one due to no top wick forming however with the new 4h candle opening there is a strong chance we see Gold push down further to recent support. Shortby FriesianFXUpdated 4