GOLD has created triangle pattern and its showing good opportunity for trade 1:5 risk reward
Olive Oil Discovered the following: ▫️ The 21 Smooth Moving Average makes a decent entry and exit signal ▫️ An upsloping 21 SMA, even if lost tends to recover. Down sloping rejection = exit. ▫️ Two recessions @ bottoms
Gold ounce analysis In the analysis of the supply and demand system in the gold chart, the result of the analysis is the continuation of the downward trend in the short term, and our analysts expect that the ounce of gold can start the downward trend from the supply area at the price of 2047$ and in the short term to the demand areas in the price reach 1987$ and...
Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis on GOLD TVC:XAU 🪙 How this comodity valid for long term 📌 explained as per technical clearly 📌 #DYOR Note 👉 I am analyst and trader on cryptocurrency BITSTAMP:BTCUSD & stocks I don't know about comodity market much , but my friend asked to do analysis 📌 based...
What a beautiful Heads And Shoulders is forming on Silver Chart ?! I've identified an intriguing development on the Silver chart, with a potential Head and Shoulders pattern in the making. Currently, we find ourselves at the second shoulder, marked around the 23.000 levels. If Silver manages to breach the critical 23.800 resistance, it could set a course for a...
📊 COTTON ⏱ TIME: 1W 📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future. ⭕️risk: LOW 📍buy market:89 $ 📌TP1: 104 $ 📌TP2: 116 $ 📌TP3: 124 $ 📌TP4: 150 $ ⛔️SL: 74.5$
Crypto's Rollercoaster: My Bold Take on What's Next Every time I sip my morning coffee and scroll through the latest crypto news, I can't help but feel a mix of excitement and apprehension. Let me share my two cents on where I think we're headed. Firstly, Binance and its fellow centralized exchanges (CEX) remind me of that popular kid in school who everyone...
XAUUSD breaks its bullish trend. After the bullish trendline breaks and starts making LH and LL. 1926.10 was the support which now becomes resistance. We will take our entries when the price reclaims this resistance area then it will continue a bearish structure toward our support which is at 1903.81
Whenever the price breaks the downward trend line , there is a strong possibility for wheat to rise to the 650$
the price 570$ is the last support area for the Wheat Wheat is moving in a channel and if it reverse from this area it can rise to the 650$ . Trigger is in the H4 time frame whenever price breaks the downward trend line.
SORRY guys I mistakenly marked wrong resistance in previous idea here is the new marked resistance
XAU is respecting a parallel bearish channel and mostly rejecting from the point which is marked target is mentioned.
Daily Chart Gold OANDA:XAUUSD is on the support zone around 1940 that a strong support by ascending trend line and 0.618 Fib Re I expect Gold will break 1980 and return to 2000 Wait a next move
Technical Analysis: As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel. We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation...
The 50 ema, red line, is about to cross the 200 ema and sma, on the daily. Golding cross baby!! Stochastics RSI is over bought on the 4 hr and daily, fyi. The ADX is showing the buyers are still strong. The green and blue lines are the anchored V wap. Blue is the middle. I have 2 anchors. The previous high around $12 and the previous low around $2.75
The scenario is very simple: We have a double top on 4h time frame, and we need to wait for a breakout of the trend.
Wait for the small trend (blue line) to be broken upwards with confirmation of retest and rejection and from there you can enter LONG. We have interesting news from SAPPORO, which announced today that they will reduce GAS production, but, a big BUT, they mentioned that they will temporarily stop investments in this sector. On the one hand, this can scare small...
In the above Daily Chart, we've forecasted a marginal high of Gold(XAU) to around 2,060 and from this level we expect a correction ABC to around 1,800 where the smart buyers must appear with higher probabilities. In weekly(W) time frame, Gold(XAU) has a bullish structure .