Gold has been trading higher since the end of February and the start of March, with the price climbing from the 1804 price area up to the current level of 1854. This upward move was predominantly due to the weakness (wide consolidation) of the DXY and also due to the market anticipation for further interest rate hikes to come from the US. Further interest rate...
On our last Gold analysis, we said that Gold would be heading higher towards 1854 & it finally did on Friday. However, due to how bullish the weekly candle closed, it is likely that prices will head higher towards 1869-1880. This will be a good entry zone, to short market back towards 1760-1730📉 This will be the FINAL leg down, before we invest heavily into Gold...
Hi, this is my new update for GOLD. In the month of February gold lost 8% of its value, but I think that was a healthy correction to get a bullish momentum in March. We tested big support level around 1800 - 1820$ and the same time we also tested 50 and 100 weeks moving averages and those levels helped us to get big bounce and break the down trendline channel....
Overnight, Gold saw significantly choppy price action as the price broke above the resistance level of 1834 to trade up to the 1846 price area. However, as the DXY recovered in strength, Gold has retraced to retest the resistance and turned support level again. At this level, look towards the DXY for further hints regarding the next directional bias of Gold....
WTI Oil is inside a Triangle pattern. Sell any rejection on its top and taget Support A (75.00). Buy any break above its top and target Resistance A (80.50). Follow us, like the idea and leave a comment below!!
Gold was able to make an ending diagonal pattern in PRZ(Price Reversal Zone). Also, we can see one of the valid candlestick patterns on the ending diagonal pattern & PRZ. I expect Gold will rise to the Resistance zone ($1843.20-$1849.50) Gold Analyze ( XAUUSD ), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want...
Charlie treating this like a penny stock done thru the custodian with a decent return year after year or better year on year on the LONG side recent and now at the SHORT making a killing
Brent oil continues to trade between two trendlines, a short-term upside one taken from the low of December 9th and a downside line drawn from the high of July 28th. As long as the commodity remains between those two lines, we will stay neutral. If the downside line gets violated, we will start examining higher areas as potential targets, however, more buyers...
Fundamental Backdrop 1. Optimistic reports of manufacturing expansion in China, which is recognized as the largest crude oil importer globally causing a better outlook for the demand. 2. Data showing China's factory activity rose for the first time in seven months in February 3. Output is still down more than 700,000 bpd from September with a high demand still in...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1514.00 Support: 1490.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly drop...
Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Looking for a sell entry at 1818.975, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 1844.870, where the...
Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Looking for a sell entry at 1818.975, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 1844.870, where the...
Head and Shoulders formed on the daily of Silver. The price could next head on up to trap the bulls before the downside (forming a Right shoulder). 21>7 MA Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30 ABOUT Silver and why the price could drop Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes. on H4: Right Chart XAUUSD is bearish from a short-term perspective trading inside the falling red channel. 🏹 Trigger => for the bulls...
As the DXY strengthened, Gold broke the 1819 support level to trade lower, also resisted by the downward trendline. Currently consolidating along the 1812 level, Gold is likely to continue sliding lower to test the round number level of 1800. If the price breaks below 1800, the next key support level is at 1785. Overall, it is hard to anticipate sustained...
Title: BTCUSD Futures ( BTCUSD ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 25270.00 Pivot: 23815.00 Support: 21376.00 Preferred case: Looking at the H4 chart, my overall bias for BTCUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a possible shift to bearish market structure. If this bearish momentum...
Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Looking for a sell entry at 1818.975, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 1844.870, where the...
Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Looking for a sell entry at 1818.975, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 1844.870, where the...