Hello,Friends! We are going short on the GOLD with the target of 2349.654 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
FX:XAUUSD reaches the 2400 mark on Friday before facing a profit-taking. There is a possibility that traders closed positions before the strong news that occurred from Saturday to Sunday. There is no correlation with the dollar now, which makes it easier for technical analysis. In fact, we have a strong bullish trend and strong support in the form of the...
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
XAUUSD Analysis Price action has finally started to show bullish intentions creating a 4 hour Change of Character after sweeping Liquidity at $2325 on Gold. This tells us price action is gearing up to continue to the upside, potentially creating new All Time Highs. 4 hour has created a bullish Fair Value Gap, so during Asian/London, i want to see price...
Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2347.049. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2397.410 level. P.S Please, note that an...
these are my options for today so far gang .. got that engulfing at 2399 with r1 above it to react from to take shorts ... its breaks and we hit all time high again. If we push down then we can take buys from the 4h engulfing 2360 area. Have a great day whatever you get up to and lets stay frosty in these uncertain and crazy times tommy
WTI oil (XTI/USD) has bounced off the pivot which has been identified as a pullback support. Could this commodity continue to rise towards the 1st resistance? Pivot: 84.99 1st Support: 83.52 1st Resistance: 87.77 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
World gold prices increased sharply with spot gold increasing by 41.3 USD to 2,382 USD/ounce. Gold futures prices last traded at 2,400 USD/ounce, up 39.9 USD compared to yesterday morning. Safe hidden demand due to worries about escalating tensions in the Middle East continued to provide energy for the yellow metal in the first trading session of the week. Gold...
Kicking off the trading week, gold prices have rebounded sharply, opening at $2,361 per ounce—a $17 increase from last week's close. This uptick is largely influenced by the escalating geopolitical tensions in the Middle East, boosting demand for gold as a safe-haven asset. Technical charts show that gold remains robust, consistently trading above the EMA 34 and...
Hello wonderful friends of Ralph Benjamin! Overall, gold prices have recovered strongly, opening at $2,361 per ounce - up $17 from last week's closing price. This rise continues on the basis of high interest in gold as a hedge asset. Amid geopolitical and economic issues, gold could theoretically continue to grow. The technical chart shows that gold remains...
Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 27.94 which is a pullback support. Stop loss is at 26.70 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 29.78 which is a pullback resistance. High Risk...
Still monitoring Gold closely with a heavy bias towards shorts. Technically the price has retraced back up from the lows and is nearing the supply zone @ $2398, from where I would Ideally seek an entry. Patience is key, have an alarm set for that price level.
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 85.05 which is a pullback support. Stop loss is at 83.50 which is a level that lies underneath an overlap support. Take profit is at 87.30 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 16 April 2024 Trade Idea 1 BUY LIMIT Order: $2355.95 Stop Loss: $2324.01 Take Profit 1: $2387.65 Take Profit 2: $2404.89 Trade Idea 2 BUY LIMIT Order: $2348.47 Stop Loss: $2324.01 Take Profit 1: $2387.65 Take...
Fundamentals & Sentiment WTI: In general, there are global drivers for oil demand, amongst them is supply curbs from OPEC. More recently geopolitical risks in Middle east create bias for oil upside. USD: The dollar has been overbought according to CFTC reports. The risk of BoJ intervention is still there, so it's better not buy dollars anyhow as long as USDJPY...
Attention Traders, In today's trading session, our focus is on XAUUSD, where we're eyeing a potential buying opportunity around the 2330 zone. Gold maintains its upward trajectory, currently undergoing a correction phase as it nears the crucial support and resistance area at 2330. Expanding on our analysis, it's essential to recognize gold's status as a...
The markets have come alive with the sound of derisking, deleveraging, hedging and broad managing of risk exposures. Friday was about managing risk going into the weekend, but today was different and the move could have legs - where for many playing defence has been the order of the day, while we have also seen traders getting aggressive, with shorting activity in...
#XAUUSD Hello everyone, I am your old friend William. I left tradingView for a while. Starting today, I will bring some analysis and trading signals tomorrow. Gold opened today with a stretch price of 2372 and a lowest price of 2324. Everyone who took my signals made good profits today. The current price is 2366. We observe through the Fibonacci lines that the...