Gold has broken below the price of 1930.00 yet again, which has been a key price turning point based on current trends and indicates potential bearish structure. Using the Fibonacci method I am entering a sell at .75 or 1927.00/1926.00 and taking profit at 1913.00 . If the pairing continues downward I will re-enter at 1906.00 and TP at 1889.00 . Support...
Yesterday Gold reached a low of 1895.00 , not quite 1888.00 as predicted, and then moved past my resistance zone of 1930.00 sparking bullish momentum. Using the Fibonacci method I am entering a buy at the price .618 or 1950.00 with the first TP at 1962.00 and a potential second TP at .5 or 1974.00 . The market is still volatile because of the...
I’m bullish on USDJPY and I’ve based my projections on the last time prices reached 118.000 in March 2015. As illustrated above Entry: 118.400 TP 1: 118.700 TP 2: 119.000 For the longer-term time frame, if the price pushes past 119.000 it can go onto 120.000 and even further onto 121.600 . Be sure to like this post and let me know what you think...
I am bearish on Gold for the short-term. I am looking at a short scalp entry at 1912.00 with a TP price of 1906.00 . If the pairing continues short I will enter again at 1902.00 and TP at 1888.00 . I have a support set for 1878.00 and a resistance of 1930.00 . If 1878.00 is broken I will become overall bearish on the pairing. Trade safely in this...
My previous target price of $120 has been reached! The ongoing Russian-Ukrainian war continues to be a bullish sign for US Oil. Continuing on the monthly scale, the next target price is now open to $128 , and if it breaks $128 it will move onto $140 , with a resistance zone of about $147 .
2008 was the last time US crude oil saw prices above $113 . Using the monthly chart and the Fib retracement fan, I am expecting oil to continue onto the price $120 at minimum with a resistance of $148 or 0 on the Fib scale.
Yesterday, Joe Biden announced that Russia is beginning an ”Invasion of Ukraine” and that sanctions could be imposed ”at any moment” to punish Moscow. He announced a lift of the sanction on Nord Stream 2 pipeline, recently imposed by Trump, giving Russia the greenlight to build to Germany. He subsequently announced that this lift would raise US gas prices...
Self-Explanatory. Russia has attacked Ukraine and Gold has exploded from the previous resistance of 1913 . As long as there is no counter news that affects the war, I expect Gold to reach the price of 1990 at minimum based on previous highs. There is a strong possibility that Gold may break 2000 today, I have a resistance set for around 2063 based...
I am still short-term bearish on Gold. In my most previous posting, I stated that I was looking to short Gold to the price of 1878.00 , and using the Fib fan on the current 4 hour chart that seems to be holding true. Over the past few days Gold has been flirting and making attempts to break the price of 1912.00 , but it doesn't seem to have enough strength...
Gold has retested back to the price of 1880 as outlined in my most previous post. Hopefully you were able to take advantage! I am leaning towards a short-term retracement based on the amount of red candlesticks that fall into the inside of the Fibonacci fan vs the amount of green ones. We have not seen Gold reach this price point since around May 2021, and...
The price 115.745 from my previous scalp idea has been reached! I believe this confirms further bullish movement. Based on the Fibonacci scale H4 chart TP 1: 115.800 TP 2: 116.000 TP 3: 116.280 Let me know what you think in the comments
Using trend channels to measure, USDJPY is currently on pace to hit the price point of .236 on the Fib scale or 115.745 . From there the price can either continue upwards to the resistance zone of 0 or 116.300 or back down to the price .5 or 115.100 . Let me know what you think in the comments
After a nice bull run to the price of 1880 we are now seeing a little retracement. Using the Fibonacci fan we can see that Gold is neutral, and can go either way, it’s currently hovering right at a turning point line of .25 or about 1854 . From here Gold can either continue its bull run and retest to the price of 1880 or 0 or the price can drop down to ...
The last time that Gold reached the price of 1860 was around May 2021. Using the Fibonacci method and following previous trends based on the current price point, I am expecting Gold to continue on to the price of 1866 or .382 on the Fib scale. If the price blows past 1866 we may see the price move onto 1883 or .25 with a resistance zone around 1915 or 0 .
On my previous post I stated that if XAUUSD hits 1826 the pairing would continue long to the price of 1835 , and it hit perfectly! Using the same Fib channel, I am expecting the price to continue upwards until 1841 and potentially 1850+ if the 1841 channel is broken. Based on my most previous posting, I am eventually expecting the pairing to go...
USDJPY has been under the price 116.000 since 2018, only breaking the streak in January of this year at 116.117 . The pairing seems to be establishing new trends after ranging below for four years, so movement may seem more sporadic and not as easy to measure as usual. I have two different scenarios based on the current price action using the Fibonacci scale...
Based on my previous post signal, the safe buy entry of 1819 has hit which means a long trade is active. Using a Fib channel to measure, the current upward trend shows that 1826 or .618 is a possible resistance zone and now the first take profit. If the price can blow past the 1826 price point, the buy will go onto 1835 or .786 . Trade safe and let...
US Crude Oil analysis based on monthly trends I am currently bearish on Oil for the short-term. Looking for a weekly target of around 87.50 -.20 with a monthly target around the support area of 80.00 . If Oil breaks the price 92/93 , it could become bullish onto 100+ . Current sell signal from previous posting First TP met: Let me know what you...