Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 80.85 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
By examining the gold chart in the 30-minute time frame, we can see that the price started to grow from the demand range of $2326 to $2333 and is currently trading in the range of $2341! Pay attention that at this moment gold has entered a supply range and because of this it has faced a negative reaction, but there are a series of attractive ranges for trading...
following last year prediction, xauusd is really near 2500 as predicted by adding wave 3 now the size match trend lines, i think this will do a short-term sharp retrace for wave 4 followed by short term wave 5 probably ending diagonal, than will start a bigger wave 4 wich will be more complex on the way to fish long term wave 5, than... "The" long term retrace
Natural Gas prices have been dropping over the past four months due to progress on renewable energy and hot weather being among the drivers. However, market could become tighter this year, with slower supply growth and an acceleration in demand, while key US drillers have slashed their 2024 outlook. Further Middle East hostilities after the Iranian hit on Israel,...
As in previous post on Sunday - So we have dipped our toes into the weekly fvg May leave a low in place here to raid it again later, want to see weekley CE respected.. as its London and Monday this could be the judas swing... wait for more info and cme or 830 open. Any Longs from me will need market to show displacement on 15min or 1hr tf... no rush
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 2364.7, which is an overlap resistance. Our take profit will be at 2327, a swing low support level. The stop loss will be placed at 2390.99, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Hello dear friends! In general, last week gold experienced quite strong fluctuations affecting gold and currency pairs. Let's discuss and strategize for the new day with me. From now until the end of the week, there will basically not be as much important information as last week. From the 1-day chart, it can be seen that at the close of the candle last Friday...
There is no doubt that Gold (XAUUSD) has entered a new Bull Cycle after last month's bullish break-out. Last week though it closed its 1W candle almost on a Doji which can potentially be a trend reversal, at least on the short-term. As you can see on this 1W chart, which displays the similarities between the previous Cycle and the current, such 1W candles have...
Gold prices are surging amidst escalating tensions in the Middle East, following Iran's recent attack on Israel. Surprisingly, the US dollar remains steady, as market sentiment is relatively calm despite the geopolitical strains. Gold could see further support ahead of the upcoming U.S. retail sales data. The initial target is today's high of $2,373, with the...
Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold falls back below $2,350, it will head towards the nearest support,...
With gold reaching many consecutive price records, the current investor situation is as follows : Net-short exposure to yen futures rose to a 16-year high among large speculators Large speculators increased long gold exposure by 15.7% (+10.1k contracts) and reduced shorts by -7.1% (-8.4k contracts), whereas asset managers are on the cusp of flipping to net-long...
It is official. Inflation is back. But not everywhere. Food inflation is on the decline. All three major crops, Soybean, Wheat, and Corn have declined substantially. Bearish sentiments rings loud across agri with ample supplies combined with solid harvest expectations. Among crops, corn has fared best. Its prices have not declined as much. Corn outlook is...
I think that now there is wave 2 of the big 3rd wave of the supercycle. So in a few years oil will break its highs.
Despite Iran's attack on Israel, the prices of Brent and WTI crude oil remained stable. However, in the event of a reciprocal response from Israel to Iran within the next 24 hours, the price of oil is expected to make a significant upward jump from its long-term trend line. Currently, the price of WTI crude oil is within its supportive range on the 4-hour...
WTI oil (XTI/USD) is trading close to the pivot which has been identified as a pullback support. Could this commodity find support around this level before potentially reversing to rise towards the 1st resistance? Pivot: 85.57 1st Support: 83.22 1st Resistance: 90.40 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
Hello all dear friends! Overall, gold experienced a significant price increase yesterday surpassing the $2,355 level. It is currently trading at a new high of $2,388 at the time of writing, experiencing significant gains of tens of dollars on the day. Do you wonder why gold increased so strongly? Regarding international market information: In the context of...
XAUUSD has reacted off the pivot that lines up with the 78.6% Fibonacci projection and the 161.8% Fibonacci extension and could fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level which is lines up with the 100% Fibonacci projection Pivot: 2394 Support: 2365 Resistance: 2417 Risk...
XAUUSD has reacted off the pivot that aligns with the 38.2% Fibonacci retracement and could fall to a multi-siwng low support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2362.84 Support: 2326.19 Resistance:2404 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...