Hey Everyone, A big move down on gold today from the rejection at 2429. Yesterday we stated we were looking for ema5 to break either 2429 or 2413 level to open the next range. Today we got the break below 2413 opening the full retracement range like we said and this played out perfectly hitting the retracement range. We now also have a cross and lock below the...
Hello dear traders! On the 2-hour timeframe we see a trend change, then the market moves into a correction and distribution phase and reaches 2355 USD. Accordingly, the USD 2350 resistance area continues to hold the price amid correction and sell-off. I expect that after a retracement and retest of local liquidity areas, the price reaction to liquidity areas will...
Hey Everyone, Our 1H chart update yesterday completed the bullish targets followed with the drop shared yesterday completing the bearish targets. We got the swing range bounce, as part of our plans to buy dips and now broken the swing range on the 1h chart. However, Switching to our 4h chart, we can see after completing all our bullish targets, we got the cross...
FX:XAUUSD is stopping and forming a consolidation between 2400-2450, but at the moment the consolidation resembles a descending triangle. What's going on? The price breaks the local ascending support line in the correction phase, which makes traders panic (some start selling, others start actively buying). But the candlestick setup suggests that the buyer is...
FX:XAUUSD is forming a bearish wave, within which it is declining from 2400 to 2350. The price is testing strong support amid the changing sentiment. Within a bullish trend, after testing the high of 2450, the market catches up with a correction wave based on fundamentals. The market is caught by a wave of sell-offs, which can be continued after a pullback...
By examining gold in the 1-hour time frame, we can see that the price experienced a heavy drop after yesterday's analysis, which was due to the fact that the Federal Reserve announced that the interest rate will remain high for a longer period of time! Currently, gold is trading in the range of $2367 and there are very important supply zones in front of it!...
Upon reviewing the gold chart on a 15-minute timeframe, we observe that the price is currently trading around $2423. It is likely that in the initial movement, we will see an increase to the range of $2428.5 to $2433. Following that, once the price enters the specified range, we may witness another drop in gold prices. All the important levels for trading have...
Today's session marks the beginning of the second up-wave in soybeans. The ultimate target seems to be around the 1305–1310 level. This move begins now and may possibly extend to the end of June or early July. A wide stop is recommended to allow the trade to play out. A close beyond 1189 would nullify this trade, and losses should thus be taken. Stay tuned for updates.
Dear traders! Overall, after gold updated its new ATH at 2450 USD, gold experienced a pullback to 2375 USD. Break of previous previous consolidation above $2400. Amid slowing inflation, Fed officials kept a cautious stance on interest rate policy and extended the duration of interest rate cuts longer. Gold prices have begun to experience downward pressure. From...
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some time ago declined to 2157 points, but at once turned around and started to grow inside the upward pennant, where it soon reached the 2280 support level, which coincided with the support area. Soon, Gold broke this level and continued to grow to the...
Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 28.879 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅
Upon reviewing the EUR/USD chart on the 4-hour timeframe, we observe that the price, after accumulating liquidity above 1.08860, underwent a correction. Currently, the price is re-entering the Bearish Order Block ahead and we are still witnessing an IMBALANCE or FVG prior to the specified order block. This fact significantly increases the importance of this order...
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As we talked in the previous analysis: The GOLD price reached a strong resistance level (2399.695 - 2431.590). Currently, the higher low is broken! So, i predict a bearish move📉 --------------- TARGET: 2304.000🎯
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2352 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2352 support and resistance area. Trade safe, Joe.
Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest...
Hello everyone, As predicted yesterday, gold has undergone a pullback to the 2375 USD level after needing some consolidation. Recently, gold has been significantly impacted by the Fed's hawkish policy stance. Despite these fluctuations, gold continues to be regarded as an effective investment asset due to its role in hedging against inflation and diversifying...