FCPO is consolidating. It is bearish however some retracement is expected. A retracement would perhaps target the 3945 to 3965 area though there is a few resistance that price need to overcome.
This stratagy was created by the wolf of forex this uses advanced mapping for gold and works with the proxy charts. this uses previous price action to trade current markets and future markets. gold will be heading to 2600 in the coming months and then dropping to the yearly open. analysis done on a 2 hour time frame to find future gaps.
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
It seems like XAU is forming a downtrend if DXY does not act very bullish at where it is now that will mean USD is not strong enough against XAU but if it does, Gold will go down because USD will be strong.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Oil prices fell for three consecutive trading days. Positive news from Hamas interrupted WTI oil's rise to $80. The U.S. dollar index held above 105.50 and was flat ahead of weekly jobless claims. Looking at the daily chart of crude oil, oil prices have been falling continuously during the week, causing the 55-day moving average to be broken below, and the...
In the past four trading days, the price of gold has remained fluctuating within a wide range. We have very good control over the changes in direction and points. Yesterday (Friday), with the support of positive non-agricultural data, we also followed up. We went long, but were eventually beaten by the retracement. Fortunately, the price rebounded and closed at...
On Friday (May 4), spot gold closed at $2,301.26 per ounce, down $36.38, or 1.56%, marking the second consecutive week of decline. This week, gold prices fell more than 2% for the second consecutive week, erasing a small amount of losses, but ultimately faced new bearish pressure. The near-term technical outlook suggests bullish momentum will be lost as market...
📈 Gold Analysis & Key Levels for Next Week 📉 🔹 Resistance Levels: 1. Resistance 1 (2347 - 2360): 🛑 Sell Zone 🛑 2. Resistance 2 (2397 - 2432): 🚫 Strong Resistance 🚫 🔸 Support Levels: 1. Support 1 (2227 - 2267): 💰 Buy Zone 💰 2. Support 2 (2222 - 2189): 📉 Critical Support 📉 3. Support 3 (2143 - 2163): ⚠️ Deep Support ⚠️ 💡 Trading Strategies: - **Pullback...
COMEX:GC1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Yo Family I hope all is well. Here i'm going to lay out a few different reason why we may be able to CAPITALIZE SHORT this week on GOLD... This is what we do and we highly skilled at it too... Let's vibe out!! I study the DXY very very closely as it...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....
Weekly Analysis: Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First...
This 4h bullish mitigated orderblock is the zone to expect bullish orders but besides that gold has shown bullish weakness after aggressive bullish trend since the start of the year. On the chart I've played two possible scenios one is that price breaks through the order block without raiding the highs. Or price pushes up to 2366 filling up the FVG and from...
Trade Plan NQ Futures: week starting May 5th, 2024 Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets: Weekly Pivot: 17847 Current Price: 18000 Upside Targets: First Target: 18090 Second Target: 18348 Third Target: 18605 Downside Targets: First...
As mentioned before, Crude Oil is going to find lows very soon. I believe we are in a WAVE C of a correction, and need to finish 5 waves within that C, as labeled in the chart. After we get this finish, it is very safe to say crude oil has found a low for some time. Regardless of Elliot wave, we need to get in via confirmation. That means at the minimum we want to...