Gold buyLiquidity to take,new bullish trend, 3 ascending triangles, bullish market structure, Longby seanstone12240
Xauusd Xauusd I dropped the signal of a buy its just same pattern that repeat it self I love ❤️ the way Xauusd is playing out but we hit sl on audusd I lost 114$ and am making 900$+ a nice day Longby Greatvic001332
A Shining Year for Gold: Geopolitical Risks and Economic DynamicThe year 2024 may be a bright year for gold, but it coincides with a period of increasing geopolitical risks. Global political and economic uncertainties, while unsettling investors, may boost demand for safe-haven assets such as gold. Another notable feature of this year is the decline in inflation and interest rates. It is expected that inflation will be kept under control, and central banks will opt for interest rate cuts. The -0.75% interest rate reduction can be considered as part of efforts for economic recovery. Gold has traditionally been a sought-after investment in environments characterized by low inflation and interest rates. Therefore, the anticipated interest rate cut in 2024 may support gold prices. However, the persistent presence of geopolitical risks remains another crucial factor influencing the value of gold. Investors will carefully monitor the performance of gold in 2024, taking into account both geopolitical developments and economic indicators in this complex and dynamic environment. In the face of potential risks, a diversified investment strategy may provide a more secure position. ------------------- When I look at the gold mining index, I see a very positive increase. ------------------- The graph of gold in 12-6-3 month time frames gives very positive clues that the price will rise. ------------------ My Goals for 2024 - 2200 - 2500 - 2700Longby FXMHDHUpdated 2211
silver vs spx weeklyHere's the setup for #silver to run up over 50% in a few months and recapture the mythical 50$ mark.by Badcharts1
2024-05-28 - a daily price action after hour update - oilcomment: In my weekly outlook I wrote that 76 was rejected often enough and bulls are favored to at least test the top of the channel around 78.8. They poked enough today and finally broke above. I expect 84 over the next 1-2 weeks. Measured move would bring us to 84.3. current market cycle: Bear trend broken - Still inside bigger triangle (form of trading range) key levels: 76 - 84 bull case: Got my clear confirmation today and will look for long entries over the next days. Bulls probably expect a pull-back to maybe the daily 20ema (79) to form a channel). 1h 20ema is currently holding nicely. Invalid below 78.4. bear case: Bears stepped aside since Friday US session and we are in a strong bull trend inside this bigger trading range. Bears will try to sell new highs for small scalps. Best they could hope for is moving sideways around 80. short term: Up - 84 expected over the next 1-2 weeks. medium-long term: We are seeing the big triangle playing out between 73 and 86 (could also be 87 but for now I see the spike above 83 as a failed breakout of the triangle. We hit the lower trend line and now we will test back up to above 83. trade of the day: Just buy anywhere. Look which 20ema is holding and buy near it. Longby priceactiontds1
USOILWe can attempt to buy USOIL from specified level as it break LH , also bullish divergence occur indicate that it move upward . SL , TP mention in chart.Longby SignalEdge2
INT IRL ( PRICE IN DISCOUNT) EXPECT A VALID PULLBACK HTF bias Gold is heavily bullish ,After Breaking structure to the upside price pullback .....only a valid pullback must be in discount zone below the red line.Marked HP is high probability anticipated for the valid pullback though price is in Discount zone.Longby MauriceAdband222
FORECAST dor the next 4-6 yearscycle n crash and war comiung soon bubble burst in ai and creShortby cw1sss550
Can Oil soar on June 2 OPEC+ cut hopes? Can Oil soar on June 2 OPEC+ cut hopes? WTI crude futures and Brent continue to recover from three-month lows. The rebound is potentially driven by expectations that OPEC+ will extend its output cuts of 2.2 million barrels per day into the second half of the year during its June 2 meeting. Additional support for crude prices came from the start of the U.S. summer driving season and a weaker dollar. Further data on the demand side will come from upcoming U.S. PCE to gauge the Federal Reserve's future monetary policy. A softer-than-expected reading on the PCE could increase the possibility of interest rate cuts, and potentially enhance the demand for energy. Deutsche Bank has maintained its Brent forecast at $83 per barrel for the second quarter and $88 for the second half of the year, assuming OPEC+ will sustain its current production policy on Sunday. Should prices move above the $80 level, WTI could test the 50-day moving average just above $81.1. The RSI suggests there is still room for prices to rise before reaching the overbought zone. Conversely, if prices fall below the $78 range, they might stabilize around the $76 mark. by BlackBull_Markets2
Gold Global Analysis Gold began to correct after the opening yesterday, and it temporarily stopped after hitting a maximum of around 2358 at the end of the US market. However, the upward trend was weak in the morning of the day, and it retreated in the opposite direction. Currently, the European market has retreated to around 2340, and the intraday discontinuity It also allows us to directly consider whether yesterday's retracement was a correction by the shorts, not a counterattack by the bulls. Furthermore, combined with last week's retracement and downward channel, it is not a reversal in the short term, and we still need to continue in the later period. We are short gold, and it is currently retracing above 2340. Overall, the short energy remains during the day, and there is still some room for downside in the evening. Judging from the current trend of gold, the first support below is maintained at the 2328-30 line, focusing on the 2320 line. This position is also related to whether short sellers can start a new round of action in the later period, while the key suppression port above will remain at 2320. Last week's retracement high point was around 2360-65. This position is also our ideal short selling point in the evening. The hourly line is currently repaired and there is a signal to turn around. In the middle position, watch more and move less and pursue orders cautiously. Wait patiently for the key point. Bit entry. 1. Go short on the rebound at 2350-55, cover the short position at the 2360-65 line, stop loss at 2372, and target the 2338-2340 line;Shortby Jerome-LeonUpdated 4
USOIL - bottom out ? What's next ??#USOIL.. market placed lows around 76 77 And bounced back.. now we have 78 around as a immediate supporting area and if market hold it means further highs are in table. Keep close it guys and don't be lazy here.. Good luck Trade wisely by AdilHussain731333Updated 0
POTENTIAL TOP ON GOLD (XAUUSD) Hey everyone! Coming on here with another breakdown of the commodity Gold! Let's dive in! OK so what I am seeing is a potential for Gold to actually soon make a move to the downside. What leads me to this conclusion is the fact that first off Gold is sitting around all time highs of $2,450 PER OUNCE for this commodity. Literally never seen before. Now of course Gold is a great hedge against inflation and a weakening US Dollar but prices have to eb n flow for the market to be able to build the liquidity to continue with demand in prices. So based on how last week had closed with price you can see an attempt to go higher above that $2,450 per ounce mark but shortly after getting slammed to the downside with very very strong seller momentum...price too expensive...right now. SO what that had caused technically was a bearish engulfing weekly candle...and a very strong push to the downside on the daily timeframe as well! AND IF THE #1 SIGN OF A REVERSAL IS POWER...THEN THIS FITS THAT BILL.. Also something you can see is how the buyers are struggling to bring price up (showing weak to minimal demand) supporting the case for further downside to again build demand back up in this every demanding commodity. ALSO on the 4H timeframe we broke lows and are now in a bearish market for some price action confirmation. OK so keep an eye out when prices come (if they do) back up into that newly developed supply zone for potential move to downside. Cheers! Shortby JosePips3
XAUUSD Outlook👁️ OUTLOOK 5hr chart: Context 5hr: Price is currently in reaccumulating and needs time to get above the 50 ema. Once price starts surfing the 50ema then I will start looking for longs on Gold. Analysis summary: Bullish and expecting price to continue to break 2450.125 area this week or upcoming weeks. Needs a bit of time to show money coming in but I will have Gold on my watchlist this week.Longby angelvalentinxUpdated 111
GOLD - Will double in price in a few years! (cup and handle)GOLD is at its all-time high levels and will continue in the price discovery action. Why? On the chart, you can see a cap and handle formation that is currently breaking out on the monthly chart. This is a huge event for gold, and therefore the price can double in a few years from now. Does it mean that we will see a multi-year bull market? Definitely yes. This cup and handle formation is fully confirmed. The monthly candle closed above the neckline of this pattern with a bullish engulfing candle. How to trade? If you are an investor, simply buy gold and hold, you can expect a pretty good and reliable return in a few years. If you are a swing trader, I recommend trading with the trend and going for buy/long only strategies. Do not short gold on futures, as it will lower the probability of success. And if you are a day trader, also focus on long-only strategies, and you can potentially short GOLD, but only with limit orders that you put above the current price. Avoid trading bearish breakouts, as they tend to take liquidity (stop losses) and reverse. What is the profit target for gold in 2026 or 2030? There is no historical price action, so to determine our profit targets, we need to use the Fibonacci extension tool and Elliott Wave theory with simple trendlines. On the chart, you see my Fibonacci projection (wave 1 -> wave 2). Usually, the market tends to react to the 1.0 extension, the 1.618 FIB extension, and the 2.0 extension. These are strong levels, but only for a short-term bounce. As my title says, I am expecting a huge bull market, so do not forget to follow my account to stay updated! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Longby XanroxUpdated 2727184
Gold slowing at Thursdays POCI have been testing Tradingviews volume profiles with Gold and some of the levels are so accurate. Using spot market data, it was a bit of a surprise, but a welcomed surprise it has been. We can see today's intraday longs tapping straight into a naked POC left behind from the sharp sell off on Thursday. I have yet to test this is in other markets however Gold has proven really quite reliable utilising the entire Value area from the fixed period profiles. Anyway - watch out for Gold bears to take control once again from 2360 - 2370 once again. I am looking for a 1000pip drop near enough back to 2275. I will keep you all updated.Shortby CIFERSTRATEGIES0
Gold money making trading signals Yesterday's trading idea was to sell gold at 2428-2433. The first target price is 2410. Today it also dropped to the target price as expected. Let me talk about the current market situation, pay attention to the downtrend line in the picture, I wanted to see this trendline continue to decline yesterday and then drop to 2380 or even lower, because after the high point appeared at 2450, it was 2437. The top came down From the pressure of the lower conversion level, but the decline did not correspond to a 100% decline and the last point was around 2397. Since it has reached the decline stage, I will combine the second conversion from the top and bottom to. 2425. That's right, and over time, 2425 is already a compression site close to the trend line, so it's reasonable why the decline would go to 2337? Because this is the previous high point, I had already predicted that if gold breaks the downtrend line, it might bounce back. It will almost certainly go higher again, as you can see, it is just a horizontal shift that has been broken, but you have to do a good job of bouncing to prevent this kind of hasty behavior. . 2435 is the starting and falling center for the US market yesterday, and it was in a very good condition at the beginning of the decline, which made it clear that it will challenge 2400 points again. It can also be viewed as an equidistant channel and is now in a state of falling by half, meaning that the standard target is located near The lower edge of the channel is below 2405. Assuming gold swings higher again, the upper edge of the channel. Channel 2430 is the best bearish position, stop loss is 2440, we continue to look at the target of 2400 points. Overall, let's look at the 2400 level today, it doesn't matter if it is broken or not, I don't think too much about it, just set the target little by little.by money-making-machine-Updated 6
XAUUSD Trade ideasLast week, the 2420-2425 range served as a strong resistance, pushing gold down to 2325. The 2325 level held as strong support, offering potential for a reversal to 2365, 2385, 2415, and potentially 2450. However, if gold falls below 2325, it could open the way for declines to 2310, 2285, 2255, and possibly 2100.by ghost_marketsavage4
BRENT. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me! by Forex_HobyUpdated 2
USOIL WTI: Bullish Momentum Ahead? - May 8, 2024Hey traders! 📈 Let's discuss the current outlook for USOIL WTI: 🔍 Technical Insight: We've observed a compelling development in the WTI market as it recently touched the lowest point within the current uptrend channel, dipping below the golden pocket levels. This move prompts a closer examination of the prevailing market dynamics. 📊 Daily Timeframe Perspective: Zooming out to the daily timeframe, the overarching trend remains bullish, reflecting the resilience of the oil market. However, it's crucial to note that a consolidation phase appears to be underway. Such periods of sideways movement often precede significant price actions. 🔄 Awaiting Breakout Momentum: One notable aspect in recent days is the absence of substantial price movements, typically characterized by WTI's propensity for $3 or greater swings. This prolonged consolidation phase suggests that a significant move may be expected in the upcoming days. 💡 Anticipated Market Activity: Given the historical tendencies of WTI, we anticipate a breakout from this consolidation phase in the near future. Such a move could potentially signal the resumption of bullish momentum or a reversal in the prevailing trend. 📈 Trading Strategy Consideration: For traders, exercising patience while monitoring price action for signs of breakout momentum is paramount. Deploying appropriate risk management strategies and remaining adaptable to evolving market conditions can help navigate uncertainty. 🔔 Key Takeaway: As we await clarity on WTI's next directional move, it's essential to stay vigilant and prepared to capitalize on emerging opportunities. Whether it's a continuation of the uptrend or a reversal, flexibility is key to navigating the dynamic oil market. 🛢️ Closing Thoughts: In conclusion, while the current consolidation phase may signal a temporary lull in market activity, the potential for a significant move looms on the horizon. Keep a watchful eye on price developments and be ready to adjust your trading strategy accordingly. Longby ExpateUpdated 8
THE KOG REPORT - UpdateEnd of day update from us here at KOG: As suggested in yesterdays update we were looking for the support level 2340 to hold price up and then for a push upside into the 2350, 2355 and above that the 2360-65 region. Excalibur guided on top of that giving us a precise entry level together with the red box strategy hitting not only our daily bias targets but also the Excalibur targets that activated. So, what now? As long as this support level keep the price up with the extension into 2335 we feel gold is looking for higher pricing. We have the KOG Report level which is a little higher than where we are so continue with the plan for now looking higher to potentially take that short trade. For now, it's playing a smaller range and it's expected to start whipsawing traders leading up to the last days of the month. As always, trade safe. KOG by KnightsofGold2251
XAUUSD:28/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2370, support below is 2327 Four-hour resistance is 2370, support below is 2327 Gold operation advice: Yesterday, the overall price of gold stabilized above 2330 in the short term. However, the current hourly line and 4-hour chart are still in the downward rhythm of short pressure. The 4-hour level still sees a suppressed and volatile operating rhythm until it reaches the 2400-point integer mark. Judging from the current trend, today's short-term pressure will focus on 2370. During the day, counterattacks will rely on this position to be bearish. The short-term support below will focus on around 2340. Today, the overall focus will be on selling high and buying low in the 2340-2370 area, and trade cautiously in the middle position. SELL:2370near SELL:2360near BUY: 2340near Technical analysis only provides trading direction! Longby ActuaryJUpdated 4
Gold’s rebound is a good opportunity to go shortAfter overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that gold has stopped falling and stabilized in the short term, and may continue to rebound, and may even hit 2400 again. The other voice is that gold’s rebound is weak and there is still room for decline.It may continue to fall to around 2300 after consolidation. In fact, relatively speaking, I think gold cannot be characterized as a market reversal for the time being, but only a short-term rebound after the market crash. As evidenced by the fact that gold fell again after touching around 2357 today.Judging from the current trend, gold currently tends to fluctuate, but as far as the restorative market is concerned, the repair intensity is still lacking, so it is still not ruled out that gold will continue to fall after the shock;In addition, from the perspective of the U.S. dollar index, the U.S. dollar index has fallen significantly, while the short-term rebound of gold is far less than the decline of the U.S. dollar index, so the overall gold appears to be weaker. And as gold falls back to the 2340 area again, the upper pressure is stronger, so I expect gold’s short-term rebound to be limited. So in terms of trading, I still tend to short gold after gold rebounds. The first thing to focus on is the 2360-2370 resistance area, especially the 2365 position area, which is a strong defensive area for short sellers. Below, we are still focusing on the 2335-2330 support area for the time being. This area is the starting point of the two rebounds and has a strong short-term support effect. However, any time this area is broken, it will be conducive to the outbreak of shorts!Shortby Trading-HawkeyeUpdated 1111