ALWAYS.... And I mean ALWAYS. Be skeptical of what the talking heads spew. This is why I love the ChARTs... They tell the story especially when used with historical evidence. So their story is Gold and Silver were supposed to rise (IF) rates were to lower because everyone supposedly runs away from Gold and Silver when the yield in treasuries is high. ...
Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2347.63. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2395.80 level. P.S The term oversold...
Silver keeps rallying and breaking the historical resistances. The next goal for the buyers can be the structure that is based on the highs of 2020 and 2021. The area that unites these highs also has a psychological level within - 30.0. The underlined blue will most likely reached soon. ❤️Please, support my work with like, thank you!❤️
USOIL / 1D USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a...
FX:XAUUSD reaches our goal of 2400. The psychological level is tested, but 2400 does not mean expensive. The growth may continue as the potential and interest is still huge. From 2400 a correction to the nearest area of liquidity can be formed. The market needs to rest and accumulate a bit before breaking through 2400 to continue further upside as...
Traders, we have a breakdown in the gold to silver ratio. If this holds and is not a fake out, silver is heading a lot higher. I will keep you posted.
The United States expects Iran to launch an attack on Israel, but it will not be large enough to involve Washington in a war, a U.S. official said yesterday. As soon as this news came out, it once again had a great impact on the current financial market. Gold once again had room to surge and hit a new high. Although the US dollar also rose, it could not affect...
I still am bearish on Gold for next few weeks. Confirmations: - Rising Wedge - Bearish divergence Entry - 4hr candle close below 2334 TP Range - 2270 - 2260 SL - 2351.2
WTI crude oil prices rose choppily despite a somewhat downbeat inventory report from the U.S. Energy Information Administration (EIA) and a stronger-than-expected March consumer price index (CPI) report (which may further delay the Federal Reserve's first rate cut). The current geopolitical environment continues to provide support for oil prices. Crude oil...
Introduction - This is continuation of a series that intends to deliver you 5500 in November 2025. I did say I would not make another public post because of what I felt was bad policy. That should not, however, punish the entire field of TradingView users from the benefits of the incoming rally to 2450, 2500, and ultimately 2675+ before 05/01 FOMC. From Here On...
Preferred direction: SELL Comment: Gold once again updated its maximum. It’s not surprising, everyone should have gotten used to this for nowadays. At the same time, our most likely sell-scenario, which we published in the previous trading idea for this metal, was activated. Here we talked about a likely fall at the level of 2400 , which is where we are...
Nice little inverse head and shoulders Yep! #Inflation is sticky & persistent High prices for goods & cost of living not only to remain high but if the #fEd starts dropping rates expect another spike up
Preferred direction: BUY Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We...
FX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level. Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the...
VUL has broken out of descending wedge and has also broken out of a channel going back to mid 2023 with bullish RSI divergence. It is now retesting strong support of the channel trend and previous swing high if it can make a higher low here we will be off to the races 🚀 Good luck 🍀
Preferred direction: BUY Comment: We consider the Australian dollar in favor of a buyer within the medium term. It should be noted here that AUDUSD and NZDUSD will most likely update at least local minimums before growing. However, current prices are also great for "step by step" accumulating a buy-position. This trade is not designed for a big move...
📊 # OANDA:XAUUSD XAUUSD Fractals Market Algorithm (april/12/2024) #Fractalmarket | #fibonacci | #trendline | #fibochannel | #mdfxco | #PivotPoints | #Breakout | #forex
Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it...