Gold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 2,088.15 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 2,146.15 Why we like it: There is a swing-high resistance level Take Profit:...
Gold has broken the 2039 level to the upside in the London session. It is possible that gold can continue higher. A potential bullish break of structure has formed.
Crude oil is coming down now making five subwaves down from 80.00 so there can be some support not far away as higher degree corrective decline from October highs can come to an end soon. There is also a potential leading diagonal, which is a bearish structure, but still suggests that the market can stabilize a bit. RSI divergence also suggests that bears are...
Looking at the technical picture of EASYMARKETS:XPTUSD on our daily chart, after reversing higher in mid-November, the commodity started forming higher lows. That said, it is struggling to build up higher highs, at the moment. However, that might change, if the price overshoots its key resistance area, roughly between the 944 and 952 levels. Until then, we will...
Gold prices have been subject to significant fluctuations recently, primarily influenced by factors surrounding the Federal Reserve's decisions and broader economic indicators. Understanding the key drivers behind gold's movements can be crucial. The Federal Reserve, during its final meeting for 2023, is anticipated to maintain current interest rates. However,...
It has been quite a volatile year for EASYMARKETS:XAUUSD and, judging by end of November and beginning of December activity, it continuous to be a volatile one, as we get closer to the new year. On the 4th of December we saw EASYMARKETS:XAUUSD hitting a new historic high, reaching the area near the 2144-dollar mark. This way the precious metal surpassed its...
Silver broke out of corrective triple three pattern after having risen in an impulsive wave 1 starting Oct.3 ending Oct.20. Talking of chart patterns the commodity also broke out of the falling wedge chart pattern. Other than a minor pullback on hourly/half hourly chart there should not be much resistance for this commodity to quicky achieve its projected wave 3...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 Monthly: Left Chart From a macro perspective, Gold has been generally bullish, trading within the rising brown channel. For the bulls to maintain control, a break above the 2075.0 level is essential. In this scenario, a continuation toward the upper boundary of the brown...
Crudeoil should be bearish its facing resistance of 6400
Hello my trader How are you ? I think we should wait for confirmation signal for buying with opening Market today Because we have uptrend the price can't break it so we still in up trend If you want to sell Wait when price breaks uptrend to down
Crude oil is trading lower, currently showing blue wave C in late stages of a corrective wave B pattern. We can also see now five subwaves down within C from 88/89 zone, where final subwave (5) of C can be now coming to an end with a huge volume increase. We can actually already see a sharp bounce from the support that can be signal for a minimum three-wave...
✅ The chart has formed a descending top. The price is under the resistance level. I believe that the asset will start to decline. ✅ 🚀 SELL scenario: short to 1946 🚀 ---------------------------------------------------------------------------- Remember, there is no room for luck in trading - only strategy! Thanks for likes and comments.
Gold has not been trading with a strong inverse correlation with the DXY over the last couple of days. However, expecting the DXY to break out of the current consolidation and continue to climb higher, naturally, we should anticipate that XAUUSD should trade lower down to the near term support of 1946. If the price breaks the support level, the next interim...
We have a perfect setup for move towards the 100-lvl. War, reduced production, increasing demand and "hopefully" a cold winter coming. I really believe that we are going towards the 100-lvl soon. Good luck!
As We Talked in The Previous Analysis: The USOIL Price Failed To Create a New Higher High ! The Price Formed a Descending Triangle Pattern. The Support Level is Broken. Currently, The Price Created a Correction and Touched The Resistance Level! and Now it Will Continue its Bearish Movement ! ----------- TARGET: 78.70🎯
✅ XAUUSD continues to hold support. The asset is in an uptrend. The price will continue to rise if it holds support. ✅ 🚀 BUY scenario: long to 2048 🚀 ---------------------------------------------------------------------------- Remember, there is no room for luck in trading - only strategy! Thanks for likes and comments.
✅ GOLD preserves the structure. Globally, the demand for protective assets is increasing. The price will continue to grow. ✅ 🚀 BUY scenario: long to 2048 🚀 ---------------------------------------------------------------------------- Remember, there is no room for luck in trading - only strategy! Thanks for likes and comments.
✅ GOLD retests support. The asset is in an uptrend. XAUUSD will grow from the support. ✅ 🚀 BUY scenario: long to 2048 🚀 ---------------------------------------------------------------------------- Remember, there is no room for luck in trading - only strategy! Thanks for likes and comments.