Hello traders, USOIL seems hard to push for a new high before a correction. Check the weekly outlook, it is going to reach the low of last week. Breaking through it will make it possible to reach the bottom FIBO ext 1.414-1.618 position where we were expecting with little chance. GOOD LUCK ON LOOKING FOR ENTRY TO SELL. LESS IS MORE!
Hello traders, The weekly trend line seems still hard to break through for gold. Now gold it turning to the easier way to move. The new ABC wave is the lower level ABC (GREEN) . And fibo ext 1.414-1.618 of the Red higher level ABC wave is the selling target zone. GOOD LUCK ! LESS IS MORE!
Hello traders, USOIL is still on a very strong bullish trend on weekly chart even though it finished a little bearish candlestick last week. This is the first bearish signal in last 4 weeks. But this may not be a signal for reversal. The red arrow is the plan for a weekly correction which it is not easy to say it would happen in a very high possibility. In...
Hello traders, Check out last weekly outlook of Gold first. Still, Gold is running beneath the weekly trend line but a small bullish body candlestick. It is saying that gold is still struggling in a small range. Down to the weekly support could help making a retest of the support level. And more possible for gold to break through the squeezing triangle to...
Hello traders, This is 1H chart for USOIL. It is expecting a sideways price action for USOIL on 1H chart which wont change our view on usoil that it is still on a strong bull trend. Price got rejected from the top again and now turning down to make a test on the bottom. This is looking like a big ABC move from the top. Good luck on this selling plan. LESS IS MORE!
Hello traders, GOLD seems finishing its ABC wave correction from Wed's Fed rate decision. This ABC wave made a perfect position C on Fibo 1.414 of Wave A. Now gold is rising. Actually, it begins to rise since last NY session. Back to the big picture, remember that we are still expecting a rising trend for gold on weekly chart if gold could break through the...
Hello traders, For now, XAUUSD is making small range of sideways on 4H chart with all price action running above support level. On daily chart, we keep the idea that gold is on a bullish trend that will make a test of last high. Good luck on this buying plan. LESS IS MORE!
Hello traders, USOIL has been rising so long. And without any good news to push it up again, it could turn down for a correction. It has made a bearish daily candlestick on Monday. It has made up to FIbo 1.414 position of daily WAVE A. Now back for a correction, it could down to test FIBO 382-500-618. But should wait for B position to confirm on 4H right...
Hello traders, Quick review for gold's last week performance. The pressure weekly line seems going to be broken but still need more signals to check this week. The support seems valid for now. In our last weekly outlook, we were expecting 1886 to be retest again. But it did not. Only test higher position 1900-1902. So higher low appears and now it is good to...
Hello traders, USOIL is on a very strong uptrend on weekly chart now. Any opportunities to catch a lower price position to open long with reasonable sizes could make a great chance to profit. Last week we were expecting a correction before new high. That happen on last Thursday. This week, we should keep following bullish trend on USOIL with a potential...
Hello traders, Yesterday US CPI made a WIDE range movement for gold. The AB wave looks no good for trading intraday. But it gives us a clue that 1908 right now could be a short-term support. To finish the ABC corrective wave, I would prefer to gold go back to test Position C again and wait for a new signal to open sell This time will target recent daily lows as...
Hello traders, USOIL has no strong signal to open sell on daily and 4H chart. And on this 1H chart, could see more clear that on Wed it just finished a BIG ABC wave with CPI momentum. A and C are so close or hit FIBO 382 of last uptrend swing. From then, USOIL slowly rise up alone with the green trend line. Will it test fibo 1.27 89.65 AGAIN which it hit once...
Hello traders, GOLD is on the selling list for sure. Check with last idea that where is the position looking for sell. Now in this new 1H chart, there is a ABC wave could be finish soon. Check in LONDON session first and then New York session. Check with selling confirming signal on position C or the end of ABC wave, targets are the supports down there. GOOD...
Hello traders, USOIL on the weekly outlook is still strong bullish. The only thing needs to be careful with is correction before new high. So back on this 4H chart, USOIL is showing strong bullish signal right now with support above EMAS. The green dash line is the position USOIL needs to breakout to make a new high, up to position 5. If price make fake...
Hello traders, Before going to more details on Tuesday 4H chart, should get a review on the weekly outlook of this week for gold. Gold is bearish still on weekly as long as no strong momentum to push it up to break the weekly downtrend line. Alone with the big pic, it is easy to understand that GOLD finished a ABC wave on Monday WHICH now can be considered...
Hello traders, USOIL is simple on this weekly chart. Check the arrow with us now. If price would have to make a correction, I prefer to set target round 84.7. And wait for new confirming signal to open buy again. Since all price action right now shows strong will to rise, I would prefer more focus on buying plan for OIL, up to targeting 1.27 position...
Hello traders, Let's go back on a downtrend on weekly chart for GOLD. Now considering last week that gold has finished a weekly correction up to hit the line again on position 4, it is possible for gold to continue downtrend from 4 to 5 IN THE COMING FEW WEEKS. This assumption won't be valid if gold rally up to break the weekly trend line. So for this week, we...
Hello traders, USOIL as expected make a retest of the channel after breaking through. Now it hit the support zone 86.19 once and making a correction. To open a new selling order again, it is much better if price go up to retest the red zone on this 4h chart and make a reversal signal as confirming signal for us. Targets are round 85.0. GOOD LUCK ON THIS...