CU CopperPair : CU - Copper Description : Break of Structure Consolidation Phase in Short Time Frame RSI - Divergence Demand Zone Completed " 12345 " Impulsive Wavesby ForexDetective5
Idea for Gold @ 30th May 2024As previous analysis, we sell from the top and add multiple positions, let's wait for wave A of sub-wave 5 completed, then catch the next bullish wave B of abc correction This wave A we've catched around 10000 pips from the top to current price with multiple positions, you can check my previous free analysis This analysis is my current insight!by rayshen0411Updated 3
SOYBEANS FUTURES POTENTIAL LONG OPPORTUNITY Hey everyone! Hope you are having an absolutely amazing week so far! I just wanted to get on here and leave a post about Soybeans futures contracts to give all my potential fellow traders of all markets some good analysis! So let's dive in! OK so when looking at the soybeans futures you can see that recently in the last couple months a couple things have happened that have led me to believe for another potential upside push in soybean prices. When looking at the charts you can see prices coming down for some time...multiple months. And then when price had reached the $1,130 zone something had actually happened. We had seen a failure to move lower in price (showing increase in demand) followed by new multi-month highs leading to $1,240-$1,245 in price...beating even the 2024 January highs so far. Now prices haven't fully held beneath those highs yet. But with price showing the buyer interest it has with the strong momentum which = interest in this commodity. Alongside all the technical confluences we have seen in price. I think we can definitely see a reaction from demand around $1,175 if not a new push to upside supply around $1,280 price handle. SO keep an eye out on soybeans futures may see some potential to the upside. Also watch the seller momentum as it comes down into demand. We do not want to be trading if seller shows too much dominance (momentum) coming into our level. Remember we want to trade with the big boys not against them. Cheers! Please boost this post and follow my page for more multi-asset analysis! God Bless!Longby JosePips1
XAUUSDXAUUSD just entering the bullish trend broke the last LH and made first HH Bullish divergence also form in RSI. We didn,t wait buy at CMPLongby Naqash913
Thursday Forecast Crude!So my target for this week will be the weekly open. Simple as that sounds we do have some bsl above however Im expecting price to deliver BEARish as per HTF and the rejection for the Daily FVG Be aware that trading is light we are in the last couple of days of the Month. Shortby IamThattrader2
A Neutral Market Outlook in XAUUSD Hello there, In XAUUSD, if the price breaks above the high then the price will be potentially bullish, and if it breaks below the low of the high then the price will be bearish. RSI values indicate more bullishness in the candle, but the argument is based on that the trend has been forming lower highs for that reason the price is neutral. Happy Trading, K.by KhiweUpdated 0
GSLast chart for the week - Think it's going Lower. Everything's there only missing a few pieces - Copy it.by Cb98_0
XAUUSD 30.05.2024Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyoneby Hejaaa6
NaturalGas ABC correctionReject from first line of suport or from second line of support. If price go above and take this zone like support than we can see target like 3.3 or 3.6 in a few candelsby DanutPasca114
Gold Price Analysis: Factors and Forecast 🟡Gold Shows Signs of Recovery Despite Stronger USD Gold prices have shown some recovery on Friday, despite the strength of the US Dollar (USD). However, the upside potential for the yellow metal might be constrained by diminishing expectations of a rate cut by the US Federal Reserve (Fed) in September. Nonetheless, safe-haven flows due to rising geopolitical tensions in the Middle East could provide support to gold prices. Key Factors Influencing Gold Prices Federal Reserve's Influence: Gold investors will closely monitor comments from Federal Reserve officials, with Fed's Waller set to speak on Friday. Hawkish remarks from Fed policymakers could further weigh on gold prices. It is important to note that higher interest rates generally exert downward pressure on gold prices by increasing the opportunity cost of holding the non-yielding metal. US Economic Data: Investors will also look to upcoming US economic indicators, including the Durable Goods Orders and the Michigan Consumer Sentiment Index. These data points can provide further insights into the economic outlook and influence gold price movements. Technical Analysis: Footprint and RSI Insights A footprint analysis indicates a potential recovery in gold value as the price resides in a discount area, accompanied by divergence on the H4 RSI. This divergence suggests that selling pressure might be waning, increasing the likelihood of a price rebound. Additionally, the imbalance observed in the footprint analysis supports the expectation of a recovery in gold prices. Outlook While the strong USD and hawkish Fed stance may limit gold's upside, geopolitical tensions and technical indicators suggest potential support for a price rebound. Investors should watch Fed commentary and economic data releases closely, as these will provide further direction for gold prices. Daily Footprint Analysis: Longby FOREXN1Updated 3318
FVG on 5 minutesWait to see if the market meets the 5-minute gap and look for a buy entry.Longby TheNightB1
Gold Market Update: Geopolitical Tensions and Fed Rhetoric On Tuesday, the US Dollar gained renewed strength during the American trading session as risk sentiment deteriorated due to escalating geopolitical tensions between Israel and Gaza. Concurrently, hawkish comments from Minneapolis Federal Reserve (Fed) President Neel Kashkari drove US Treasury bond yields higher, which in turn boosted the Greenback from its weekly lows against major currencies. Geopolitical Developments Israeli forces shelled a tent camp in a designated “safe zone” west of Rafah, resulting in the deaths of at least 21 people, including 13 women and girls. This incident marks another mass killing of Palestinian civilians. In response, the UN Security Council convened an emergency meeting to address Israel’s ground invasion of Rafah. Additionally, Spain, Ireland, and Norway formally recognized the state of Palestine, further intensifying geopolitical tensions. Market Reaction These developments led investors to seek safety in the US Dollar, reducing the appeal of Gold as a traditional safe-haven asset. The flight to the Greenback underscores the market's preference for stability amid heightened uncertainty. Technical Analysis: Gold From a technical perspective, Gold is currently retesting areas with a high concentration of bullish orders on the Footprint Daily chart. Despite the recent pullback, the outlook remains positive, and we maintain a long position on Gold. The ongoing geopolitical tensions and fluctuating risk sentiment are expected to continue influencing Gold prices in the near term. Summary The combination of escalating geopolitical tensions and hawkish Fed rhetoric has reinforced the US Dollar's position, while the technical setup for Gold suggests potential for further gains following the recent correction. Investors should closely monitor developments in the Middle East and upcoming Fed statements for further market cues.Longby FOREXN1Updated 117
Gold Shorts - Time to think outside the boxGold has experienced significant volatility over the past month due to escalating tensions in the Middle East and fluctuating US economic data. Here's my analysis of the current situation and potential future movements for Gold. News and Economic Data: May 30, 2024: Preliminary GDP q/q: A measure of the annualised change in the inflation-adjusted value of all goods and services produced by the economy. Higher-than-expected GDP growth can strengthen the USD. Unemployment Claims: The number of individuals who filed for unemployment insurance for the first time. A lower number suggests a stronger labor market, potentially boosting the USD. Pending Home Sales m/m: Measures the change in the number of homes under contract to be sold but still awaiting the closing transaction. Strong data can support the USD. FOMC Meeting: Statements and interest rate decisions from the Federal Open Market Committee can significantly impact the USD. May 31, 2024: Core PCE Price Index m/m: A major inflation indicator for the USD. Higher-than-expected inflation can lead to increased expectations of interest rate hikes, strengthening the USD. Tensions in the Middle East: "Israel expects the Gaza war to last seven more months" - Source: Financial Times (29/05/24) There is an uncertain risk that the current situation may escalate to a wider Middle East conflict. Therefore, many market participants will seek "safe haven" investments such as Gold as a strategy to hedge against the dollar in preparation for a dooms day event. Based on this, bullish pressure remains on Gold for the foreseeable future. However, we can expect short term retracements based on News and Economic data. Technical Analysis: Price is currently in between the range 2325.00 and 2364.00. If we can see price break and stabilise below 2325, this will give us opportunities for short entries down to 2280. Additionally, the DXY is resuming its uptrend by making higher highs and higher lows. My current trade: I currently have a short trade running from 2357. I will be adding to my positions after news and economic data is released tomorrow and on Friday. (Assuming that news data is in favour of the US Dollar) Good luck guys!Shortby TheForexMessiahUpdated 3
GOLD ANALYSIS 30/05/24🔴 Here are the most notable developments: • As we mentioned previously, the preference is to buy the dollar with every decline • This comes after statements by Federal Reserve member Neel Kashkari, who surprised the market and said that the Fed may move to raise interest rates instead of lowering them if inflation continues to rise. • Nvidia is close to exceeding $3 trillion in market value and is close to surpassing Apple to become the most valuable company in the world. 👈 Today will be very important as the financial markets await the release of the US GDP statement at 3:30 Saudi time. 🔥 This news will have a strong impact on the movement of global markets, so please be careful im no trading now closed every single trade i had , 10 minutes left for the Economic Data " Jobless claims " ... by TraderFa9irUpdated 3
GOLD Intraday Long IdeaWe are going to hit the golden fibonacci area and after that hit the 1 fibonacci zone. Good LuckLongby TetanForexUpdated 1
Gold weakness remains unchanged, continue to short In the morning, I announced the idea of short selling on the whole network. Today's idea is relatively simple, just short selling, so the members directly gave the strategy of short selling at 2334 in the morning, and entered the short orders in batches. The market is not beyond our expectations. It rebounded to around 2340 in the short term, and then started to fall. From the daily line, the weak pattern of gold has not changed. It is likely to continue to close in the negative today, and it is expected to continue to break the previous low of 2306. The idea of short selling in the European and US markets is still mainly short selling. You can continue to participate in short orders when it rebounds around 2338-40 If you like my analysis, please continue to pay attention Shortby Yuliya10Updated 2214
Gold-short sell ideaGold is making a bearish head and shoulder pattern,indicating potential sell off position.More over,todays Un employement claims are expecting to be positive for USD as inflation cools down and consumer confidence increasing,therefore having potential positive impact on DXY. What's ur take guyz..?Shortby umer_qadeer3
GOLD (Summary + GDP result) Technical Analysis of Gold The price is expected to consolidate between 2327 and 2344 until a breakout occurs. Today, the GDP report will impact the market, with expectations being negative for the U.S. dollar. Depending on the results, the price may initially push up before starting to drop. However, if the GDP exceeds 1.2%, this outcome will likely be negative for gold. In summary, stability below 2327 will lead to a drop towards 2303, while stability above 2344 will support a rise towards 2354 and 2369. Pivot Price: 2344 Resistance Levels: 2354, 2369, 2388 Support Levels:** 2327, 2318, 2304 Today's anticipated trading range is between the support level at 2302 and the resistance level at 2369.by SroshMayi10
Xauusd-1HXAUUSD long position stop:2330 Target:2355 After breaking the channel and making pull back, the trend is upward Longby ahmadreza_re22
Gold Analysis - Selling OpportunityGold Analysis - Selling Opportunity Open:2351 SL: 2410 TP: 2200 Shortby ahmedqotb1981Updated 225
Gold surges higher and falls back, 2345 can be shorted!After the sharp rise in gold, the market did not continue and continued to rise and fall. The bulls just tried to resist, but they were still unable to do so. Gold is still in a short trend, and the current price is 2345. It is directly short! The 1-hour moving average of gold continues to cross downward and the short positions are arranged. The short positions are not over yet, and there is still room for decline. The U.S. market is closed early tonight. The market is likely to fluctuate, so if it rises, don’t chase long, or continue to be short under pressure. The current price of gold is 2345, so you can go short first. If you go in the wrong direction, your efforts will be in vain; if you go in the right direction, you will get twice the result with half the effort. Every time there is a big fluctuation in the market, what the losers see is fear, and what the winners see is opportunity. The rebound of gold is limited. Even if you have the idea of going long, you must wait until it falls back. At most, the current price is a volatile market. Anyway, we are watching. Short, the rebound gives us the opportunity to go short.Shortby A-JamieUpdated 3
Gold ( XAUUSD ) analysis www.tradingview.com On the 4-hour chart, XAUUSD has developed a head and shoulders pattern, indicative of a classic reversal trend. The price is currently hovering around a pivotal support level, with the moving averages suggesting a potential for further downward movement. A selling opportunity for XAUUSD may arise if the price breaks below the support at 2330, potentially leading to a further drop towards 2285. Shortby Goldxking2
Will oil return to its bullish market?📊 According to the buying pressure in the market and the breaking of the downward movement of the price upwards, if the range of 84.5 units is broken upwards and the price stabilizes above it, the price may increase to the range of 87.0 🎯 and in the case of the strength of the range of 88.6 units🎯🎯. 📊 Otherwise, the price may decrease to the range of 81.5 units.Longby arongroups4