OANDA:XAUUSD increases daily volatility by more than 3% for the first time in 6 months. Friday's opening-to-close session overcomes 3.4% and $63.53. A complex yet obvious situation is taking shape. Let's get a handle on what's going on and what to expect next In the coming week, important news is published. Worth paying attention to: Core Retail Sales &...
"A sharp escalation in geopolitical risks in the Middle East, which accounts for more than a third of global seaborne oil trade, is keeping markets on edge," the IEA said in its closely watched October oil market report. All this is as discussed in my previous post. The conflict caused the oil price to rise again. The continuation of the conflict will cause the...
What a crazy bullish move initiated on Gold on Friday, following the escalation of a conflict in the Middle East. I believe that the market will most likely keep growing next week. So far, our closest key resistance is 1942 - 1953 area, that structure will most likely be tested. Moreover, we may see the breakout attempt of that. In case of a daily candle...
After closing at 1932 , gold may continue near 1950 Then correction , then it will continue bullish trend if price closes above 1960 , it will continue near 1980. Keep in mind that political event will strongly influence price action, strict risk management is a must in this period. Leave your opinion in comments. Wish you a profitable week . Good luck.
The banks seem to be buying again. I do not have much to say - just buy when you find a good entry. Macroeconomics I will observe a few reasons why gold has been very aggressive. - The Fed has become a bit dovish because of the war. The probability that they will pause again is 94%. - The NFP showed that a lot of new jobs were created, but if we dig...
Hello everyone! Currently, the price of Gold has seen little change compared to the beginning of the week. It is currently trading at $1863 per ounce. Gold has been trying to accumulate since hitting a support level of $1810. Instead of sellers pushing it down to $1800, the support level at 1810 is now seen as a significant level for Gold. The ongoing...
With crude oil got rejected at 92, price has surged high and attempting to rise to seller's level above 90. Will price get rejected at this level or crude oil price will cruise above it to make a new high? N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you -...
wheat tends to consolidate in huge price zones before next moves
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA, Türkiye, Canada, and Argentina. They produce over 700,000 oz of gold a year. Friday had a bullish engulfing candle I see a target price of $14.30 , where there is resistance. War news again this weekend will push oil and gold up again. Good luck traders
I present to you a possible scenario going into the weeks ahead . Gold finished Friday 13 Oct very strong with a move that no doubt destroyed many whom were taken by surprise with the aggressive move out of 1880 back up to 1945 in one trading session . The question is what's next? Well no one has the exact answer but here is a possible scenario which could be on...
Trade I placed with a 1:2.8 R/R this morning. Entered on the rejection of a FVG, tried to catch entry at CE but only just missed it. Holding to TP 30 pips with a 10 pip SL.
Upon research, here is the fundemental reasoning for my gold entries. I have placed an order at 1853.5 I think gold has not given up with with the push down as of yet. And I feel asif theres further to go. As far as the Israel and Palistine war is going: USA seem to already putting there nose in, sending warships over etc. This is only fustrating Hamas. Theres...
GOLD's Impressive Rally: Safe-Haven Demand and What's Next. After an impressive 4% surge this week, the price of gold (XAU/USD) has demonstrated resilience, underpinned by escalating geopolitical tensions and a decline in US bond yields. As the coming week lacks significant high-impact economic data releases, the focus will remain on developments in the bond...
alot has changed the gap got filled and the small downtrend got broken can this mean that we will resume the uptrend
✅GOLD is going up and while I am bullish biased overall I think that Gold is too Overbought right now so I will be expecting a Local pullback and a bearish Correction from the resistance Level at around 1950$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CRUDE OIL is trading in An uptrend and has made A bullish rebound from the Rising support so IF we See a breakout of the Horizontal resistance level Of 88$ then I think Oil Will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
With gold previously breaking below the support at 1669, it is making another attempt to test liquidity above 2000. A price rejection at this level will cause price falling towards the support level again. A break above July 2020 high will indicate that the metal will likely go further high. N.B! - XAUUSD price might not follow drawn lines . Actual price...
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a few moments ago bounced from the 1925 level and started to decline in a downward wedge, where it broke one more two support levels - 1875 and 1825. After this movement, the price exited from the wedge and some time traded inside the buyer zone, after which...