Given the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides...
Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although...
Gold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 2,039.27 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci level Stop Loss: 2,063.96 Why we like it: There is a swing-high resistance that sits above the 100.0% Fibonacci projection...
xau is bearish in HTF and rejected from a seller POI .and building liquidity below the OB .if it wants to fall from the current point then it should first clear the current liquidity and again retest the lower 15M OB . And in case if it reaches to the top OB prefer high rejection from it.and go for short. if it shows bullish momentum then the setup is invalid. #AQURISHA
Hi Traders ! On The Daily Time Frame, The XAUUSD Formed a Descending Triangle. The Price Broke The Support Level (2013.702 - 2021.000). This Key Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉. I'm Waiting For Retest... ________ TARGET: 1983.000🎯
Copper is very close to losing criyical support. If this daily chart trendline breaks, there is a big move down into the next support. Copper Equity stocks are already teing us aa likely breakdown in the commodity is coming. Is this base metal signaling weaker economic demand & growth?
Although recently we saw a price rebound in EASYMARKETS:XAGUSD , still, the commodity remains below our 200-day EMA and a short-term downside resistance line drawn from the high of December 3rd. That said, in order to continue aiming lower, a break below the 22.51 hurdle, marked near the lows of December 13th and January 11th, would be needed. Until then, we will...
Supercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued. In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the...
Weekly chart, SUGAR commodity has broken down support line # 2, and is heading towards #1 at around 17.12 Below that, the next target price will be 10.67 Another scenario is to rebound from Support # 1 towards 21 then 23 MACD indicator went negative, while RSI is getting into the buy area
For over two years of publishing on TradingView, we have maintained a bullish stance on gold, which has been marching higher in tandem with our expectations. In 2024, our outlook remains unchanged, and we expect it to continue performing well amid the persistence of institutional interest, global economic slowdown, and geopolitical tensions. However, we also...
As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). The Price Formed a Rising Wedge Pattern. The Support Line is Broken. Currently: The Price Pull Back to Important Structure, and Now It Will Continue Its Bearish Movement📉 TARGET: 69.50🎯
Gold (XAU/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 2047.84 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 2008.00 which is a a level that sits under an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 2087.57...
Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 23.743 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 23.234 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement...
Gold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 2,088.15 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 2,146.15 Why we like it: There is a swing-high resistance level Take Profit:...
Gold has broken the 2039 level to the upside in the London session. It is possible that gold can continue higher. A potential bullish break of structure has formed.
Crude oil is coming down now making five subwaves down from 80.00 so there can be some support not far away as higher degree corrective decline from October highs can come to an end soon. There is also a potential leading diagonal, which is a bearish structure, but still suggests that the market can stabilize a bit. RSI divergence also suggests that bears are...
Looking at the technical picture of EASYMARKETS:XPTUSD on our daily chart, after reversing higher in mid-November, the commodity started forming higher lows. That said, it is struggling to build up higher highs, at the moment. However, that might change, if the price overshoots its key resistance area, roughly between the 944 and 952 levels. Until then, we will...
Gold prices have been subject to significant fluctuations recently, primarily influenced by factors surrounding the Federal Reserve's decisions and broader economic indicators. Understanding the key drivers behind gold's movements can be crucial. The Federal Reserve, during its final meeting for 2023, is anticipated to maintain current interest rates. However,...