Hi everybody! Recently, gold continues to maintain positive growth momentum in maintaining the 2300 USD level. Gold's rally is driven by many fundamental factors, including after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could reduce borrowing costs. It is expected that in the coming time, the uptrend will...
Dear friends! These are RalphBenjamin's insights about the market at this time, let's discuss! On the weekly timeframe, the uptrend remains positive allowing long-term speculators to continue holding their positions. However, the resistance level at 2,400 USD continued to hold last week mainly because the demand for safe haven due to concerns about escalating...
My trendline built on macro indicators holds well and gold bounces on it Let's go for 1500 in June!
Global gold can continue its upward trend due to increasing tensions in the Middle East region By examining the trend in the four-hour time frame, global gold has the support of $2,333, and if it is maintained, it can increase to the resistance of the ceiling of the ascending channel in the range of $2,389.
Four-hour timeframe This past week Gold lost $54.02 from its $85.76 gain the previous two weeks. This is testament to the strength of the bears stepping in, losing 62% of two weeks gain in one week. Not only that we broke structure lows in a bearish run that lasted over 32 hours. Price is now set to retrace and the only question remains is whether the bulls are...
A proprietary trading firm, often abbreviated as "prop firm," is a financial institution that trades stocks, currencies, options, or other financial instruments with its own capital rather than on behalf of clients. Proprietary trading firms offer several advantages for traders who join their ranks: 1. Access to Capital: One of the most significant advantages of...
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines...
WHAT IS BOS ? BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset. To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action...
✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to...
Hello traders! I want to share with you some educational content. ✅ MARKET STRUCTURE . Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading...
Hello,Friends! GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
The Tower of Babylon is poised to collapse. Given the numerous rejections of upward movement, along with the peacekeeping talks in Israel and Pakistan, we anticipate that gold prices will begin to drop aggressively. If you have any spare change, consider investing it—you could make thousands. If you are long on Gold, be advised!!
A good short opportunity persists with Sell Stop entry at the breakout under the Pole. Since No divergence is seen hence the trend seems continuous. This is not a Financial Advice DYOR.
The gold market seems to be painting a highly optimistic picture for those with an eye on the long-term trend. One of the most compelling technical patterns, the 'Cup and Handle,' is currently evident in gold's price structure, signaling the potential for a significant bullish momentum in the near future. This pattern, when viewed on a macro scale, can often...
waiting for price to reach 2397 area for a short. Take profit - 2354.771
Right away from the distribution phase@2417-2362 ... the market behavior then makes its drop impounding on the primary demand zone @2291.. to make a clear moves retracement to activate the key sell momentum ... according to weekly timeframe....the weekopens making a pullback to supply .comment your opinions ,boost idea, and follow for more insights ..thanks ✨
Market shifts the stature they are some imbalances and liqulity .hopefully swipe the liqulity and imbalance touch the order block.
So Next month (May) , I have decission to entry twice a month in area zone marked.