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
WTI CRUDE OIL: Opportunities to profit sideways.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 39.681, MACD = -1.020, ADX = 30.568) but remains neutral on 1W (RSI = 46.231) as it is approaching again the 1W MA200. That is a critical Support as not only it is untouched since February 5th but is the long term level that Oil has been bouncing aggressively on since March 2023. We look towards a Rectangle consolidation-accumulation as the last two times that the 1W MA200 was tested. We will buy on S1 and target the R1 level (TP = 80.60). Until we close over the 1D MA50, our strategy is to scalp this range. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope5
Sellers are still in Comtroll selling Gold at POI . because the market structure remains at four hours Bearishby Ronymontana2
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_T2
Gold prices are set for a fourth consecutive monthly gain🪙 GOLD NEWS 🌐 IMPORTANT ⭐️ EXCLUSIVE 📆 31.05.2024 ➖➖➖➖➖➖➖➖➖➖➖ • Gold prices are set for a fourth consecutive monthly gain, remaining unchanged at $2,343.63 per ounce as of 0726 GMT. • Weekly gold prices are up 0.4%, and monthly prices are up 2.5%. U.S. gold futures are flat at $2,341.80 per ounce. • Monthly gains are driven by central bank buying and geopolitical risks. • Market is awaiting U.S. core Personal Consumption Expenditures (PCE) price index data, the Fed's preferred inflation measure, to be released at 1230 GMT. • Weaker U.S. GDP growth may prompt policy easing, but inflation progress remains crucial. • Any increase in PCE could pressure gold, but a significant decline is unlikely with buyers defending the $2,300 level. • Traders have reduced rate-cut expectations due to recent hawkish Fed comments. • Higher interest rates increase the opportunity cost of holding non-yielding gold.Longby muhammadeebs2
XAUUSDThe XAU/USD pair represents the price of gold in U.S. dollars on the forex market. This pairing is widely traded by investors looking to hedge against inflation, diversify portfolios, or speculate on gold price movements. ### Key Aspects of XAU/USD Forex Trading 1. **Price Influences**: The price of XAU/USD is influenced by various factors including economic data, geopolitical events, U.S. dollar strength, and central bank policies. Gold often acts as a safe-haven asset during times of market volatility or economic uncertainty. 2. **Trading Strategies**: - **Technical Analysis**: Traders often use chart patterns, moving averages, and indicators like the Relative Strength Index (RSI) to predict future price movements. - **Fundamental Analysis**: This involves evaluating economic indicators such as inflation rates, interest rates, and economic growth figures which can impact the demand for gold. 3. **Volatility**: Gold prices can be highly volatile, making XAU/USD a popular choice for day traders and short-term investors. Long-term investors often look at broader economic trends and macroeconomic factors. 4. **Market Sessions**: XAU/USD trading is influenced by different forex market sessions. The overlap of the London and New York sessions often sees the highest trading volumes and volatility. Longby HavalMamar3
Gold repeats History!You better don't miss out on this one! She almost reached her zone around the 79%. Where it is a good point to buy as you can see in the history.Longby ProcessAndIntercept3
USOIL - Heading Lower Looks like that little bounce was a short covering shakeout and now the dominant trend has resumed to the downside 🧐. Not advice.Shortby dRends353
GOLD (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline. The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate. On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate. Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts. Technical Analysis of Gold The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%. The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs. Volatility is expected to remain high until the market closes. Pivot Price: 2347 Resistance Levels: 2369, 2388, 2397 Support Levels: 2327, 2318, 2304 Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397Longby SroshMayi3
Should we wait for lower oil prices? In the analysis of the oil chart, the main trend line of the upward movement (blue line) has been broken, and the broken candle is marked with an arrow. It seems that we have to wait for lower prices for oil. Do you agree with my opinion?Shortby hamidreza_FX113
XAUUSD 1 hour time frame **Technical Analysis of XAUUSD (1-Hour Time Frame):** Currently, XAUUSD is forming a bearish flag pattern, which typically indicates a continuation of the downward trend. The price action has consolidated within the flag formation after a strong downtrend, suggesting a potential breakout to the downside. Additionally, the pair is taking a retest of the flag's upper boundary, which often serves as a confirmation before the next leg down. Traders should keep an eye on potential demand zones below the current price level where buyers might step in to halt the decline. It's crucial to monitor these areas closely for any signs of reversal or further bearish momentum. If the price breaks below the flag pattern with significant volume, it could signal a strong selling opportunity. Conversely, if the price finds support at a demand zone, a reversal or consolidation might occur. Stay alert and watch for price action signals around these key levels to make informed trading decisions.Shortby samerjani2
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 $2349.56 31-5-24 at 18:06 hrs Longby sagaahheliteUpdated 3
Gold is heading to 2260$ zone(3/31/2024)After reaching the 2450$ zone, xauusd OANDA:XAUUSD faced a huge sell pressure that led the gold price to fall into the 2326 zone sharply. We believe the price has more room to fall more until it reaches the 2250-2260$ zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets2
VX Paths for PCEI'm bullish on VX for now, but I'm open to a failure. These are.the paths I'd expect. Longby AdvancedPlays1
GOLD is breaking bullish structure, pay special attention to FedOANDA:XAUUSD fell to its lowest level in 2 weeks when demand for the US Dollar in the market recovered. A Federal Reserve rate cut in September is looking less and less likely, which is causing some selling pressure on gold. Investors will focus on today's (Friday) speech by Federal Reserve Governor Waller, US durable goods orders and the University of Michigan's consumer confidence index report. Strong U.S. economic data pushed U.S. Treasury yields and the dollar higher, which in turn weighed on gold prices. S&P Global said the US Composite Purchasing Managers' Index (PMI), which tracks manufacturing and services sector activity, rose to 54.4 in May, its highest level since April 2022. Other data released on Thursday showed the number of people filing for unemployment benefits in the US fell to 215,000 last week, the biggest two-week drop since last September. Minutes from a Federal Reserve meeting released Wednesday showed that officials still believe price pressures will gradually ease over at least the next few months, but some officials said they were ready to support spending increases. borrowing costs if inflation spikes. Notable data and events of the day Fed Governor Waller is scheduled to speak on Friday. Hawkish comments from Federal Reserve policymakers could put pressure on gold prices. It's worth noting that higher interest rates typically hurt gold prices because they increase the opportunity cost of investing in gold. In addition, US durable goods orders and the University of Michigan's consumer confidence index will also be published. The preliminary value of US durable goods orders for April will be published, with the monthly rate expected to decrease by 0.8 %, after increasing 2.6% in March. The final value of the University of Michigan's Consumer Confidence Index for May will be announced and is expected to be 67.5. Fed Governor John Waller, who has been hawkish on the Fed's rate-hike cycle, said Tuesday that he would need to see good inflation data for several more months before starting to cut rates. “In the absence of significant weakness in the labor market, I would need to see good inflation data for several more months before I feel comfortable making a move,” Waller said at the Peterson Institute for International Economics in Washington. support the loose monetary policy stance." Waller and other Fed officials have recently emphasized that the central bank may need to keep interest rates steady for longer than previously expected. Policymakers have not adjusted the benchmark interest rate, currently at a 23-year high, since last July. Fundamentally, traders need to pay special attention to the speech of Fed Governor Waller, who is a hawkish Fed official and Waller is very likely to follow up with further comments. causing pressure on gold prices. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold broke most of the key technical levels and broke the technical structure that favors the upside. The drop below the trend and EMA21 is providing further downside risk to gold prices. In the immediate future, gold has a support at the technical level of 2,325 USD, and in case this technical level continues to be broken, gold will be eligible to move towards the level of 2,305 - 2,300 USD in the short term. The relative strength index (RSI) is pointing down but is still far from the oversold area, suggesting that gold prices still have room to decline further on the daily chart. From the technical level of 2,325 USD, the possibility of technical recovery is also limited by the EMA21 level which is currently the closest resistance, noticed by the technical point of 2,344 USD. During the day, gold's technical outlook leans more bearish with limited recovery and notable price levels are listed below. Support: 2,324 – 2,305USD Resistance: 2,344USD 🪙SELL XAUUSD | 2370 - 2368 ⚰️SL: 2374 ⬆️TP1: 2363 ⬆️TP2: 2358 🪙BUY XAUUSD | 2288 - 2290 ⚰️SL: 2284 ⬆️TP1: 2295 ⬆️TP2: 2300by Xayah_tradingUpdated 22
Natural Gass CompassIn this one I use my preferred charting tool that uses data points from the past: Curved Trendlines. While there are other variations of such lines that I might use depending on the context, in this case the pattern low-high-high or high-low-low is widely detected as relevant and used as such for mapping out potential forces and support/resistance zones. As you can see there is a relevant potential support zone validated by both the white curve and the blue curve which overlap further in time. There will be no surprises if the these levels keep holding the price for a while. The yellow one is the weakest one in my opinion, because of the peculiar case on natural gas that doesn't provide much options for such support/resistance lines, because of the X high that was created in a strong but weird position relative to past highs and lows. Meaning that if the yellow is broken on the up, it might not even matter in the future because a different setup might unfold, creating a totally different type of line in any type of pattern regarding previous highs and lows. What I like about these lines is that the relevant ones tend to provide clear cut cases of rebounds (example in the white dot), retests after break (green dot), or even pure power breaks with no comebacks (yellow dot). The scenarios I find important in this picture are the following: - the obvious potential rebound from the white and blue - the less obvious but very important break on the downside of the white and blue which has a higher chance of a retest because of the significance of these lines (these retests tend to happen for these long lasting lines with many data points) - supposing the yellow line does hold, or if another similar resistance line appears after another high lower than X, and supposing the white is finally penetrated, we enter the C zone which I believe has a decent probability for action inside it. I find the B zone less likely to be relevant as it implies the breaking of the white which should lead to a more bearish or consolidation mood rather that another power bullish move. I decided to post this snapshot here with these lines because as you can see the price has provided decent relevant lines in the recent past with the greens and blue, while in the current present case, these lines are almost non existent because of the position of the X high relative to the previous highs and lows. My guess is that a careful analysis of the reaction of the market to these lines could give us clues of what the sentiment in the market is, shifting from the bullish mood to a more cautious neutral or indecision mood with the break of the white and blue. by nenUpdated 554
XAUUSD 15-MINUTES TIMEFRAMEKindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.Shortby MarioSianipar_Updated 10
Dow Jones Weekly Bull Flag PatternThere is a lot to take in on this chart. How do I start to explain what it is that I am seeing? The dark green line is the monthly major movement and the black path line is the 4 hour movement in between that major movements. Price is being contained inside of a MAJOR bull flag pattern that will take MONTHS to resolve itself. Using the concept of thirds of that major move from November 2023, I firmly believe price will return to the halfway point, which is also the top of the peak of that July-October pullback from 2023. The ramped volume that is sitting just above the 0.66 or bottom 1/3 is a dead giveaway that price will return and take that out. The small range created just slightly above the 0.50 mark is also a dead giveaway that that price will be taken, along with the fact that the purple box Low that broke structure is suspended above the 0.50 line as well. These are all clues that price WILL be returning to these locations. Finally, the space between those recent double top highs and the 1 full range expansion of the July-October pullback is a dead giveaway that price will return to those highs and take them. This will mean that the high will break and more All-time highs will be made to continue the bullish trend up until 2033. On a zoomed-out view of the bull flag, a measured move of the November run will take price up to the 44,000 area Of course I am not a genie that can predict prices, I am merely trying to follow the bull trend higher and to me, this is what I am seeing. Please comment below on your thoughts as I am highly interested in sharing feedback. I have no problem putting my ego aside and admitting I am wrong. This is one trait I do not have issues with as I am wrong quite often with a 40% win rate. Longby travis18haneyUpdated 3
Natural Gas Run To Continue? Natural Gas futures have had a tremedous run from the basing action ending in a final test of the recently lowest sequence number 9. From here, prices have climbed significanly. Prices overextended recenty and now there is a consolidation, if not small pullback in progress. A sequence count down of 6 might be such an entry point. Let's watch this unfold. There could be an interesting short-term bottom next week. Longby HarmonicSwings112
XAUUSD (GOLD), downward trend after bull accumulate.Hi friend. Lets look at gold chart window. We have more then 2k of bulls accumulate. So my opinion price will fall to 2328 secondly. Thanks for your support.Shortby JinFlarkUpdated 2
XAUUSDIn the continuation of the long-term analysis, gold faced a price correction and a downward swing, and now, with the arrival of investors, we can have the possibility of an increase for gold with 3 main targets and the release of gold 1 week analysis Sasha charkhchianLongby sashacharkhchianUpdated 3
NATURAL GAS - IMPORTANT BREAKOUT 📉Hello Traders ! The Natural Gas price failed to create a new higher high ! The higher low (2.543 - 2.570) is broken (change of character). So, I predict a bearish move📉. -------------- TARGET: 2.230🎯Shortby Hsan_BenhmedUpdated 6630