WTI Crude Oil appears to have completed a multi decade Bear Cycle that started during the 2008 subprime crisis. Such long term trends and patterns can only be viewed on monthly timeframes and for this analysis we have chosen the 3M. Technically Oil is only neutral on its 1M technical outlook (RSI = 54.985, MACD = 2.990, ADX = 14.499), which indicates its strong...
In my post from yesterday, I pondered whether the bulls still possessed the strength to drive the price to the psychological level of 2300, and indeed, they did. Following a brief intraday dip, precisely to the 2267 support level mentioned in yesterday's analysis, buyers swiftly regained control and, as anticipated, propelled the price to 2300. However, at this...
Price is heading towards previous daily swing low. price seem to have just retested the vwap and made a rejection candle with heavy volume. recent p.a shows a rejection of 2.09850 which also lines up with the supertrend as a resistance.
Now the market is not only hyping the expectation of the Federal Reserve to cut interest rates, but also hyping the risk-averse impact of the escalating geopolitical situation. There is also a crazy influx of bull buying. Anyway, it is various factors that drive the rise of gold. The ADP data released by the United States on Wednesday was negative for gold and...
The wave structure in oil is a complex formation within a Triangle pattern . The high of 86.2 came within 50 Cents of perfect MATH the last up leg to 95.1 from 63.7 was near perfect .618 of the last leg up and is my trendline .I AM NOW RATHER BEARISH OIL trade out of OIL or in PUTS now stop is rather simple 88.7 Best trades WAVETIMER
Introduction - This is a followup to DRAFT 7-2, which was shredded by bears of the UK this morning at 3 AM. Combined layered trends on all time frames say gold is about to correct this problem by going to 2400 before London re-opens in order to avoid shenanigans on the way up. Naturally, we expect one round of selling in Asian session at the 44-year trend line...
I recommend you to take buy as you can see we have a good classic price action also the market back to test a key level so the market still looking for continue pushing up
GOLD - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell GOLD Entry - 2292.7 Stop - 2315.9 Take - 2242.2 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! USOIL pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 82.58 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
XAU /USDT is Going to get a good setup for LONG POSITION you can get this position with 0.1 LOT Good Luck & dont forget to set SL & TP
We are currently in a 5th Wave of a GOLD cycle on the weekly timeframe. This 5th wave is what we see currently developing as a potential ENDING DIAGONAL If we are able to see a strong reversal pattern from where price currently is, that may be the beginning of the 4th wave of the ENDING DIAGONAL
Many of you asked me to share the updated analysis for Gold. Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum: after a strong bullish impulse that the price formed last week, we see a contracting price action within a rising wedge pattern. The price managed to reach 2300 - an important psychological level. After its test, the...
We have previously predicted that gold will definitely reach 2300 points this week. We have been long all the way, long at 2249, long at 2250, long at 2256, long at 2272. All K-lines have taken profits at 2300 points, and they have accurately reached 2300 points. , is there any other person on this platform who is as accurate as this? The golden four-hour...
Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2284.284. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2224.888...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded in support area, which coincided with $2030 level and soon broke it. After this, Gold made retest and then continued to move up in rising channel, where in a short time price reached $2185 level. But then, XAU bounced from this...
Embark on a Golden Odyssey! 💫💎✨ 🔥 Attention, savvy traders! Prepare to plunge into the radiant realm of GOLD! 💫 With XAUUSD taking center stage, let's navigate the twists and turns of this captivating market. 💰📈 🌐 As the golden bull charges ahead, shattering records like never before, it's crucial to remain alert amidst the whirlwind of opportunities. 📊💥 But...
Hello dear friends! Today, Gold Price touched $2300-2302 early Thursday and performed well in an ascending price channel on the 4-hour chart. Looking at the chart, it can be seen that the long-term uptrend of XAUUSD still shows no signs of weakening, especially when it still maintains its steady upward trajectory. XAUUSD is currently still consolidating at high...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low. Further new high has meant location of ChoCH has been brought closer to current...