Silver (XAG/USD) has reacted off a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 22.736 Why we like it: There is a pullback support level Stop Loss: 22.499 Why we like it: There is a swing-low support level Take Profit: 23.527 Why we like it: There is an overlap resistance that aligns close to the...
World gold prices were relatively stable with spot gold falling 5.3 USD to 2,023.5 USD/ounce. Gold futures were last traded at 2,029.3 USD/ounce, down 3.7 USD compared to yesterday morning. Investors are waiting for US inflation data to get more clarity on the path of the US Federal Reserve (Fed) interest rates this year. The USD weakened, the US Dollar Index...
Dear friends, gold is currently trading near the 2029 position. Although the current overall trend of gold is still biased towards the short trend, for the short term, gold has consumed too much short energy near the 2030 position, so the current downward trend of gold has If the trend slows down, then gold may continue to rebound upward with the support of the...
Plan trading Xauusd 11/1/2024 Zone Buy 18 19 22 Zone sell 30 36 45
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– Previous Daily candle closed Bearish around 2024.200 forming Daily Resistance around 2030.100 as price rejects previous Daily Support formed on Thursday last week (04.01.2024). – Buys on close above 2030.100 targeting 4h Resistance around 2036.000, Leaving Runners to the previous Daily Support formed on 4th January 2024 around 2041.300. – Sells on close below...
Hello, my beloved friends! 💖✨ Today's meetup is as dazzling as a glint of gold! Gold today is doing what it does best: keeping our eyes glued to its every move! Trading around 2028 USD, it took a leap just as we anticipated yesterday, after a thrilling retest party at the Breakout area and the EMA ribbon. 👀📉 Let's chat prospects: On the 4-hour chart, gold is...
Our previous analysis is going well. Price action has not been the most volatile but direction is playing out. Price is hovering around our demand zone, I anticipate Gold to respect these lows at demand and push higher. If not we could see gold sweep the lows and then go bullish. With the help of news, Gold can push price up to 2056 and then back to the downside...
BTC is moving higher but really Ethereum is the breakout chart. Small caps lagging the market bounce. Oil, Energy, Commodities hit today despite weak dollar. CPI & innitial Jobs data tomorrow.
The American Petroleum Institute's latest report indicates a significant draw in U.S. oil inventories – a larger-than-expected decrease of 5.2 million barrels. But what does this mean for the market? This drop in inventories typically signals a tightening supply, which, in theory, should push oil prices up. However, the data also showed an increase in gasoline...
Hey Everyone, Quick update on our daily chart idea, which is playing out and respecting the channel dynamics. We are now seeing price test the central zone of the channel, which we have highlighted to show the flow of the historical challenges in the channel. This is a dynamic area of support that we need to observe for a potential bounce from here back to test...
Preferred direction: SELL Comment: For the yen, the extreme sell scenario (№1) worked out perfectly for us. Quite a quick realisation, although the idea was medium-term. At the moment we are not postponing scenario 2 , which is currently in the works. Here, despite the potential strengthening of the US dollar, the currency pair will most likely fall. The...
Preferred direction: SELL Comment: In our extreme trading idea for gold , we assumed growth from current prices (at the 2020 level). However, as we previously assumed in our trading ideas, there is a high probability that 2024 will start with a strengthening of the US dollar. Taking into account the review of the situation, we are forced to consider...
Preferred direction: SELL Comment: The British pound is also being considered for sell as part of the overall strengthening of the US dollar in early 2024. Here, at the moment, we are working on scenario 1 , which we set for ourselves in the previous trading idea. However, we cannot exclude scenario 2 (updating the maximum at the level of 1.28000 ) and we...
Preferred direction: SELL Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar . For this currency pair, we also now fully adhere to sell-priority. During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000 . Technical analysis supports this idea, and...
We've called oil pretty decently before but a lil tough at the moment Daily #OIL has been in a bad downtrend. Currently it is forming a symmetrical triangle. Weekly Oil is trading below its moving avgs. Volume is lessening. This is a hard commodity to call at times. Anything can happen, war, cuts, etc...
Gold may continue to fluctuate in a range today. At the top, focus on the important resistance points of 2042, 2050, and 2062, and on the bottom, focus on the important support points of 2024 and 2015. Since the market’s focus is around Thursday’s U.S. CPI data, the changes on Wednesday should not be big. However, today I want to emphasize that the daily line...