A bearish divergence appeared on daily time frame seems the prices may drop in the coming days with the following reasons: Global Economic Slowdown: A slowdown in global economic activity, particularly in major gas-consuming regions like China, could reduce demand for natural gas and weigh on prices. Alternative Energy Sources: An increase in the use of...
USOIL is respecting its downtrend channel with a reason that OPEC+ (Organization of the Petroleum Exporting Countries and allies) is considering phasing out production cuts by the end of 2025. This increased supply could put downward pressure on prices, and also a potential global economic slowdown could dampen demand for oil, leading to lower prices, lets monitor.
Gold in a retracement phase for a continual bearish trend, lets observe.
simple Dow theory, lets take a trade on HL, till next H4 level.
There is a bullish RSI divergence at H4, a trade of RR 1:2 is placed, let's monitor
waiting for the effect of bearish divergence to be played at H1
bearish movement in a channel, lets observe the trade.
RSI bullish divergence at H4, to confirm it at 5m then take a trade and monitor.
As the market is already in bull run, so will at least touch the top once again for a reverse.