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
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 .
In 2022, gold demand has seen a remarkable increase of 28%, The aggressive gold buying behavior by central banks of various countries, witnessed after 55 years, This buying behavior is an indicator of the existence of some significant factors or insights that are known to these large economies, but not to the average person. The primary reason for this surge is...
Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: Here we are waiting in the bullish way for a retest on TL that was recently broken, and from there we gonna wait for the retest then a break on the most recent high and the we gonna see if the price gonna reach the closest resistance...
After all things that happened in this month , people are scared of losing their money while putting them on banks , so that will push individuals to invest their money to escape the bank crise , as we know that a lot of companies invested in the gold metal at the start of 2023 , and the war between Russia and Ukraine that Is getting worse because It becomes a...
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The...
I think we will see a sharp drop in precious metals in the coming weeks, and I will be looking for opportunities to build my long position for the long-haul.
Whats up guys and gals, thank you for tapping in with another icy DXY prediction. Not sure how long I will keep the idea of this mark up due to the fact that we have entered Q2... Let's see what we get!
Keeping it simple, I seen price action:
1. Support above old highs
2. Bullish imbalance
3. FVG on daily timeframe
4. Direction of momentum
Some simple yet...
🛢️USOIL However, declines
🛢️After breaking through a strong support zone which has turned into a resistance zone, all indications are that we are heading towards the support zone marked on the chart.
🛢️The resistance zone above us was determined by a cluster of two fibo levels. The first is 0.382 of the entire upward wave from the bottom of the covid to the peak...
🥇Gold Will Defend Support Zone?
🥇All eyes on gold are currently on two key support zones.
🥇It is on these that we depend whether we continue the uptrend or fall into a sideways trend.
🥇The first support zone we are currently on is the zone determined by the fibo level of 0.236 of the entire upward wave from the September bottom to the current peak.
🥇The...
🛢️USOIL A new wave of growth?
🛢️Are we getting ready for a new wave of growth?
🛢️Everything looks like it.
🛢️Looking after the breakout of the new low and the sharp buying reaction I am leaning more and more towards an upward scenario.
🛢️We are back and currently at a very strong support zone defined by a cluster of two strong fibo levels. The first is the...
