Given the current strength of gold and the break of resistance at 2390, it is expected that gold can make a good upward move with targets at 2410 and 2425. 🌟
Intro - Don't have any time this morning, so to sum it dungo jinxed London sessio now we have to do 2460 the hard way. Details - Ditto. Obviously 2460 right? Is that still obvious? Will add if time.
Gold is overbought on its 1D technical outlook (RSI = 75.650, MACD = 67.600, ADX = 69.434) and appears to be unphazed by the recent rejection at the top of the Channel Up that pulled back to the 4H MA50. This is basically a consolidation that can be evolved to a similar pattern with March's. It was the 4H MA100 that held it on an uptrend at the time and has been...
Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ). LONG Entry: - Look for...
Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement. Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order...
Gold once reached the 2325 line, but then the big positive line directly pulled up 70 US dollars to around 2395. This is obviously a strong performance of the bulls. The four-hour line is also obviously stepping on the moving average and soaring directly. The K line just falls back to the position of the moving average, and then takes off directly relying on...
Always good to measure against the DXY not just the USD value Not perfect of course as it is mainly the Euro and Yen but still insightful. Been watching the relationship for a while currently breaking out to the upside HVF theory means this should be a violent expansion Target 1 coming up.
Crude Oil (May) Yesterday’s close: Settled at 85.41, down 0.25 Crude Oil futures have traded in a quiet range, going back through last week, outside of an early Friday morning geopolitical spike. A slate of economic data from China last night printed better Q1 GDP results at 5.3% versus 4.8%, but Industrial Production and Retail Sales whiffed. However, U.S....
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2383.0, up 8.9 Silver, yesterday’s close: Settled at 28.717, up 0.387 Gold futures traded above $2400 and Silver above $29 early in the session but did see a wave of profit taking through the thick of European hours, but are attempting to stabilize ahead of the U.S. bell. The construction off...
Gold saw a pullback of nearly $100 from a high of $2,431, followed by a slight rebound, dragging the price to $2,370 per troy ounce. This increasing volatility begs the question of the market’s state. To address this, we would like to note that the rising volume has been accompanying the increasing price, which is positive (and, indeed, quite impressive,...
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too. ❤️ Please, support our work with like & comment! ❤️
gold analysis Daily and weekly time frame midterm Gold can touch 2500 in the medium term and there we have to wait and see if it can continue its growing trend or we have to wait for a change in the trend.
CRUDE OIL formed a nice double bottom pattern after a test of a key intraday support. The breakout of the neckline of the pattern is an important bullish confirmation. We can expect a bullish movement at least to 86.0 level. ❤️Please, support my work with like, thank you!❤️
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to flat, where at once it declined to support area, after which bounced up. Price tried to break $2035 level, and even rose higher, but soon turned around and declined back, making fake breakout. Soon, Gold made an upward impulse,...
Gold is going to retest 3400 and ten to go for ATH . All charts going in that direction 1H / 4H / 1D
If XAU is breaking 2374 we will catch the 2380. Else a very big support at 2365/60 . Keep in touch
Attention Traders, In today's trading session, our focus is on USOIL, with our sights set on a potential buying opportunity around the 84.70 zone. USOIL has recently broken out of a downtrend and is currently in a correction phase, approaching the critical support and resistance zone at 84.70. Adding depth to our analysis, it's essential to consider the...
XAUUSD | HEAVEN PAIR Bullish Setup Hey Traders Welcome Back .. We have seen yesterday gold touched the 2330-2333.00 point and spike at highest point We expected gold will touch 2400.00 point easily Current point at 2370.00 We already in Blue Range as we Send intra day of 100+ pips Position Set the Target as a 2375.00 Our Positions Start from...