WTIin the pic u see that our downtrend was broken with good impulsive move out after that i stay like snake to hunt it the price come to my zone now if i see good confirmation i will long wti Longby Mehrab-MO3
XAUUSDXAUUSD has swept the sell side liquidity now heading for the swing highs. Price did a market structure shift and price has rested to the unfilled 4hr fair value gap and closed above it indicating a strong Buying power.Longby BigBenCapitals9
S50 TFEX SignalS50 TFEX has down line at 820 if 1) break this value (820) with high volume & dark cloud cover candle = continue short 2) just morning star, Doji or low volume may this point is lowest of this round, please see next candle in next week.... May the wealth be with you!!! Shortby traderwaveRider2
3105 USOIL could reach 73 in the near coming ?Hello traders, USOIL is making a smiling curve on weekly chart, check the left one. This means in a long term view, OIL will rise again. But right now on 6H right chart, in the middle term view, it could reach 73 first to finish a five-wave downtrend to reach the support level or buying zone. The triangle with the mouth open is an oscillating pattern. When the price touches the suppression line above the triangle, it is time to go short. Fibo ext 1.618 is where it will possible reach as the end of 5th wave. GOOD LUCK! LESS IS MORE!Shortby FUNTRADER-Vera117
Daily live trade with XAUUSD in 15m/30m/1h 20240531Daily live trade with XAUUSD in 15m/30m/1h 20240531Longby tradermongolia3
check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. As long as the price does not stabilize above the 100% level, there will be a possibility that the correction process will continueby STPFOREX2
GOLD, back on the decline?! So I'm short the XAUUSD. We are currently in an interesting setup. Let's see how the price reacts. Gold is pretty hard to trade at the moment. The setup in question: Back in OTE zone Order Block in M30 BOS target There's a lot of liquidity below $2303, and I think we could go looking for it in June. Feel free to subscribe and put a boost on this post if you enjoyed my analysis, and tell me what you think! Happy trading and a great weekend :)Shortby InfiniteY6
GOLD (XAUUSD): Support & Resistance Analysis Here is my latest structure analysis and important key levels to focus on and trade on Gold. Support 1: 2322 - 2328 area Support 2: 2303 - 2308 area Support 3: 2266 - 2286 area Resistance 1: 2361 - 2364 area Resistance 2: 2426 - 2450 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader2210
Does silver correct? Hello my dears We are at your service with silver analysis. In the drawn diagram, we considered 3 goals that there is a possibility of seeing these goals in the future. There are 9 black dotted lines that are placed as resistance in the way of candles. We want to check the reaction of silver price when reaching these diagonal resistance levels. If you like my analysis, support me with likes and comments. thank youShortby hamidreza_FX112
Gold continues to be under selling pressureDear traders! Gold experienced significant volatility yesterday with a sharp slide above the $2347 support level and reaching the $2334 mark in line with a classic bearish flag structure. At the time of writing the price is aiming to test the $2,325 mark amid a correction and sell-off supported by a firmer US Dollar and higher US bond yields. Diminishing expectations of a Federal Reserve interest rate cut in September caused some selling pressure on the precious metal as it would increase the opportunity cost of gold. Accordingly, the resistance area at 2347 USD continues to hold the price and is actively defended by sellers on the basis of the down wave. I expect a test of horizontal support and a bounce aimed at retesting the 34.89 EMA levels, the price reaction to the liquidity zone will be consistent with our selling strategy. It is expected that the price will reach 2325 and 2307 at least.Shortby ConanForexUpdated 141459
GOLD Trades Idea for Friday 31 May 2024DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 31 May 2024 BUY LIMIT Order: $2333.83 Stop Loss: $2322.41 Take Profit 1: $2345.00 Take Profit 2: $2359.86 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out. Reason The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 1x BUY LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20% Trade Review For 30 May 2024 Our trade got triggered during the New York session. And we manage to hit take profit 1, let's continue to hold until take profit 2! I shifted stop loss to break even to lower risk. P&L for the month: +1.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R 28 May: +0.5R 29 May: -1R 30 May: +0.5R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10RLongby Barry_Games_Trading6
GOLD PLAN 5/31World gold recovered yesterday after declining to test the support zone around 2322. Gold sometimes increased above 2350 when many US data released, including GDP data, showed that the economy was recovering. slowed, raising hopes that the US Federal Reserve (Fed) could cut interest rates later this year. Today the market focuses on Core PCE data– FED's preferred inflation assessment data at 19:30. According to data from the US Bureau of Economic Analysis released on Thursday, annual US GDP growth in Q1 was revised down to 1.3% from an initial estimate of 1.6%. This was lower than the 3.4% in Q4 but in line with analysts' expectations. GDP data shows that the US economy is not as strong as analysts previously thought and could indicate a decline in inflation, which in turn could prompt the Federal Reserve (Fed) to lower interest rates – a positive for with Gold because lower interest rates reduce the opportunity cost of holding the precious metal. Despite some signs that the labor market is weakening, the likelihood of interest rate cuts in June and July remains low. However, there are growing expectations for the Personal Consumption Expenditure (PCE)-Core PCE data released at 7:30 p.m. on Friday, which is likely to impact the Bureau's next expectations. Federal Reserve (Fed). Traders are anticipating the April release of the Personal Consumption Expenditures (PCE) Price Index, which is the Fed's preferred measure of inflation. The core PCE number is expected to be 2.8% YoY, while headline PCE is expected to grow 0.3% MoM. In summary: The market is waiting for Core PCE data - the FED's favorite inflation assessment data to be published at 7:30 pm tonight. The data can change expectations for future interest rate cuts by the FED, thereby significantly affecting gold prices. Data is currently forecast to be 0.3%, equal to the previous period's 0.3%. If actual data released exceeds expectations ==> FED will keep interest rates high for a longer period of time, thereby causing gold to fall. On the contrary, if the data is weaker than expectations ==> Expectations for interest rate cuts increase ==> Gold is supported to increase. About the technical angle. 🔴SELL price range 2355 - 2457 SL 2352 (scalping) 🔴SELL price range 2373 - 2475 SL 2378 🟢BUY price range 2335 - 2333 SL 2300 (scalping) 🟢BUY price range 2324 - 2322 SL 2319 (scalping) 🟢BUY price range 2317 - 2315 SL 2312 (scalping) 🟢BUY price range 2305 - 2307 SL 2302 I will update if there are more entry Longby WinlouhUpdated 3
Gold - LongBulls successfully defended a crucial swing level, and there appears to be a reversal observed in the spinning top candle on the daily. Possible next targets and take-profit zones in this chart where they are sure to meet resistance. Unfortunately, a lot of these movements may happen outside of regular trading hours in the U.S. (for GLD symbols), so trade carefully as invalidation of this will not permit instant stop-losses.Longby Trader-DavesUpdated 2
Gold shorts for 3 consecutive wins, rebound continues SellWe have sold gold at high levels many times recently and have successfully reached TP. The winning streak is very good. We are ready to sell again today. Today, gold fluctuated narrowly in the Asian and European sessions, and the fluctuation range narrowed. Focus on the 2350 area. The gold price is below this area. We still maintain the bearish thinking! If it falls, it will fall sharply! However, if there is an unexpected pull-up in the evening, if it successfully and effectively breaks through the 2350 area, then the bulls will also rise further! Horizontal fluctuations are energy storage. As for whether it is upward or downward, it is still bearish at present! Strictly control the riskShortby Get-rich-signalUpdated 4
GOLD (XAUUSD) Swing Trade Idea (Until the end of June)Gold has reached to the lowest point of the month at the last day of it. Overall yearly increasing price of Gold will let us think about retest from this monthly decrease psychologically. We observe Fibonacci Golden Zone (0.5-0.618) level and Imbalance of price at the same zone overlapped. Which is for me not a bad indicator that price has to retest the zone which is approx. 2400 price level. We expect the price go up but not immediately, rather gradually, IF, OF COURSE, DOES NOT BREAK THE MAJOR SUPPORT ZONE DOWN, RETEST IT AND GO LOWER LEVELS. Be careful and take your risk! Good Luck to ALL 🙌🏽❤️🤑Longby TetanForex3
XAUUSD|LONGbuy setup from 2.329441 target 2.360506 after that in that zone if we had a sell context we can entry a short order.Longby fx_mazUpdated 2
XAUUSD: Trend in 2H timeframePlease pay special attention to the accurate trend, colored levels, and red level as SL. >>>>>>>>>>>>>>>>>>> The setup is very sensitive <<<<<<<<<<<<<<<<<<<<<<<< Be careful BEST MTby MT_TUpdated 2
XAGUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 6
XAUUSD May 31, 2024 gold price reaches correction target?Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals. The news was announced yesterday Preliminary GDP news is 1.3%, lower than expected 1.6% Applications for unemployment benefits were 219k, higher than the previous period's 216k News that pending home sales are down 7.7% Yesterday's news indicators are showing that the US economy is facing difficulties due to the Fed's monetary policy control. Looking back a bit, we see that the CPI (Consumer Price Index) this period has decreased compared to the previous period. Tonight, the PCI (Personal Consumption Index) will be announced. If this index cools down, US inflation should have a good signal. This will contribute to helping the FED loosen its current monetary policy. The goal of tightening monetary policy is to ensure inflation reaches 2%, and when tightening monetary policy, raising interest rates will cause the economy to stagnate. Therefore, if US inflation has shown signs of cooling down while the economy is showing signs of stagnation, it is necessary for the Fed to consider policies to ensure a balance between economic goals and inflation goals. . Looking at the H1 chart, we see that the first target of wave 5 was achieved, then the price rebounded. - After the price bounces back, it is still early to say the correction has ended because the correction is confirmed to end when the price closes above 2450. But at least we will expect a price increase to the target. 2400 next week. - Currently we have price that has completed wave 1 as shown on the chart and is completing wave 2. We have a very good buying target which is the price range from 2337 to 2332. Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals.Longby DEEKOPUpdated 8
Cocoa M2The recent increase of cocoa in the past months caused investors to sell their purchases and take their profits, and this caused the correction of the price of cocoa, and finally the price will reach its ceiling again, for this re-increase, consider the two-month time frame. I will take it and specify 5 targets for it.Longby sashacharkhchianUpdated 2
NATGAS Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.503 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.683 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 114
NG, prepping for a multi weekly gain come December 2023NG based on monthly data is registering very significant net buy volume at the current price range. Seller's strength is certainly fading out based on thinning price volatility this past few days / weeks -- as shown on yellow price lines on chart. NG is currently sitting at a strong major support at 2.0 to 2.5 area, a 1.0 FIB discount level -- this is where most buyers converge. Initial trend shift has been spotted at the present price range. Spotted at 2.50 TAYOR Safeguard capital always. Longby JSALUpdated 9935
XAUUSD UPDATE 31-5-24Buy at :$2320-$2335🔺 Sell at" $2360-$2375🔻 The price of gold hovers close to $2,330, maintaining its position following a marginal decrease on Thursday. The momentum of the US Dollar shows signs of diminishing, lending support to the downside of gold. Market participants are keeping an eye on forthcoming US economic indicators and speeches from the Federal Reserve for insights into policy direction. During Thursday's Asian trading session, gold experienced a decline due to the strengthening of the US Dollar and an increase in US yields. Traders are awaiting the release of US Core Price Index and closely monitoring geopolitical tensions in the Middle East to gauge market sentiment. As predicted, the buying range of $2325 was achieved earlier on 30-5-24 at 10:00 hrs, followed by a correction to $2340.96 cmp $2349.56 31-5-24 at 18:06 hrs Longby sagaahheliteUpdated 3