WTI Bullish into last week's range again with prospects of an upside continuation for the day ahead.
Hello Traders WTI is continuing with major pullbacks off the upper resistance cluster level increasing the bearish momentum. WTI is likely to finalize the whole ascending wedge with the main breakout below the boundary. USOIL just retested the low of last week and started to rise from there without any stop. stabilizing above 87.67 will support rising to...
Midday Europe Market scan, turnaround Tuesday? Plenty of prospects if DXY meets supply.
My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 1826.4 Bias -Bullish Safe Stop Loss - 1808.8 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1862.3 About Used Indicators: For more...
Gold Extends Declines in Moody Markets as Risk-Off Sentiment Prevails Amidst turbulent market conditions characterized by risk-off sentiment, the price of gold continues its decline. The precious metal is facing headwinds primarily driven by concerns related to interest rates and the persistent rise in US Treasury yields. Gold spot prices are on the verge of...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 85.500 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 85.500 support and resistance area. Trade safe, Joe.
Hello everyone! Today we continue with the ongoing streak of gold price reductions, currently trading at $1818 with signs of approaching the $1800 price range. The increase in US bond yields and the strengthening of the USD continue to pose a threat and exert pressure on precious metals. Faced with pressure from the USD and US bonds, this precious metal market is...
Well, as you can see, according to our expectations, the price moved up to the desired supply levels, and exactly when it entered the range of $1947, it was accompanied by a drop, and in these 2 days, it managed to correct by more than 160 pips to the level of $1930. Today, the price has reached the range of $1930 and is being traded in the range of $1935. The...
Hello,Friends! USOIL pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 94.53 area....
GOLD SHORT Opportunity Hello traders, here's a chance to Sell XAUUSD. The price Action showed some weakness the last 3 days, as it started to show lower highs and lower lows since May's 2023 Peak. In this analysis, I rely on the Downtrend line drawn above the price, In addition, the price was rejected 3 days ago when it reached the neckline of the double top...
(Reuters) -Oil prices slipped by around 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. Brent futures for December delivery declined 99 cents, or 1.09%, to $89.72 a barrel by 0549 GMT, while U.S. West Texas Intermediate crude (WTI), fell 78...
On last week's Gold (XAUUSD) analysis we called it was time to finally break below the 1W MA50 (chart below) and it did in spectacular fashion, already hitting the 1850 target: The price now almost hit the 1W MA200 (red trend-line) and being near the bottom (Lower Lows trend-line) of the 5-month Channel Down, the conditions for a short-term (at least) rebound...
Hello,Traders! NATGAS broke the key Horizontal level of 2.862$ So we are locally bearish Biased on GAS and we will Be expecting a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
WTI is testing a key horizontal support. The price formed a tiny double bottom on that on an hourly time frame and violated its neckline, giving us a nice bullish confirmation. I expect a pullback from the underlined blue area to 0.894 / 0.900 ❤️Please, support my work with like, thank you!❤️
💬 Description: The attempt by buyers to recover on Friday did not justify itself, and the currency pair is still a sell priority. Level 1.06167 has proven itself to be a mirror level, which in turn confirms the current sales. The daily level of 1.05194 has shown itself only once so far, and its retest is expected in the very near future. An update to the...
Crude oil currently lacks news, and it is in a downward trend in the short term.Through the analysis of the hourly chart of crude oil, we know that yesterday the market first rose and then fell above the 91.60 line and fell back, and then reached the 88.30 line. It is currently hovering around 88.50, with no hope of short-term rise.
What do you think about it? can this growth ever fall? And what will replace gold? My answer is yes gold can lose value, and its price can drop rapidly. Gold is a commodity that has a value based on market supply and demand. There are several factors that can affect the price of gold: Economic factors: Economic conditions, inflation, interest rates and monetary...
Hi Traders! The XAUUSD Price Broke a Strong Daily Support Level (1875.550 - 1903.865) Currently, This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 1820.000🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!