Gold's 30-minute rise is no longer strong enough and is beginning to be suppressed by the downward trend line. Gold's 30-minute moving average is about to form a dead cross. If a dead cross is formed, gold will have room to fall again. The resistance of the gold trend line has now moved down to 2325.
#USOIL UPDATE Hey team hope you all are enjoying our professionals market analysis. We analyze the market deeply. Now we are here to discuss about USOIL. USOIL is exactly on the way as predicted. Already in good gain. We can see here a small support level. But maximum Chances it will break this support level. If it breaks this level we can Price around 70...
"Gold (XAU/USD) attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, driven by geopolitical tensions and political uncertainty, as well as central bank buying activity, may contribute to pushing gold prices higher. However, hawkish remarks from Federal Reserve officials could dampen hopes of interest rate cuts in 2024, despite...
GOLD FORECAST The current analysis indicates a bearish trend for gold, as long as it remains below the 2325 threshold. At present, the price seems primed for consolidation between 2327 and 2302 before any breakout occurs. The prevailing bearish pressure suggests that if trading persists below 2325, a decline to 2304 is likely. Although there might be temporary...
Currently in a bearish channel with the short-term trend line recently broken. Consider two short entries: First entry: Short from 2325.40, a significant level in the chart. Second entry: Short from the zone comprising the weekly pivot, top of the channel, and a reversal point. Target price (TP) could be around 2287.00.
By checking the EURUSD chart, we can see that after entering the important demand range of 1.068, the price was accompanied by buying pressure and was able to increase by 130 pips to 1.08120 and fill about 50% of its old FVG! The price is currently trading in the range of 1.077 and I still expect the price to grow to higher levels such as 1.08130, 1.08470 and...
By checking the #NASDAQ Indext Chart in the 4-hour time frame, we see that the price is close to an important supply range (18085 to 18175 and 18250 to 18340) and we will probably see a drop of #NAS100 soon, The possible targets of this drop will be 17940, 17780 and 17670 respectively! Please support me with your likes and comments to motivate me to share more...
Preferred direction: Neutral Comment: Metals , for the most part, continue to stagnate, making entry difficult and leading to better times. The most likely scenario today is a modest increase to 2343.869 , where the instrument will most likely continue to be on the balance, since buyers do not yet have the strength to grow (scenario №1) . An alternative...
Preferred direction: BUY Comment: Buyers insist on growth for the GBPUSD currency pair, where we expect an approach towards the level of 1.26500 . The US dollar is likely to continue its downward correction at the beginning of this week, which in turn strengthens the main competitors of the American currency . We are considering two main scenarios for...
Preferred direction: BUY Comment: At the beginning of the week, the euro remains on the buy sheet, but the growth looks rather limited compared to the previous week. For the coming week, we are considering growth no higher than the level of 1.08500 . As always, we highlight two scenarios for this currency pair. The most likely scenario №1 involves an...
The recent movement in Platinum futures has seen a notable retest of the upper boundary of the range, coinciding with a resistance zone commonly referred to as "Supply." Our analytical approach begins at this critical juncture, where we factor in various elements, including the seasonal behavior observed in this precious metal over the past decade and a half. A...
FX:XAUUSD is testing the resistance of the range, the market maker is capturing liquidity around 2328 and is not ready to let the price go yet. Trading inside 2328 - 2300 continues. On Sunday we discussed the bullish trend, correction and the fifth wave that may get its start after the end of the correction. Yesterday price tried to form a confirmation of the...
Gold need to "retrace" to 2050 +/- ( monthly order block PLUS ++ Bcos wave (c) Red have 3,3,3,.. wave structure . So it's an expanding ending diagonal wave structure!
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By re-examining the gold chart in the 2-hour time frame, we can see that yesterday the price penetrated above $2330 to collect liquidity, and then it fell and was able to hit the first target of $2312. Please note that the level of $2312 is a The important demand level and therefore the reaction to it was positive, now if the price penetrates below this level...
Hello,Friends! We are targeting the 2278.032 level area with our short trade on GOLD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 25.890. ✅LIKE AND COMMENT MY IDEAS✅
Gold prices tumbled during the North American trading session, dropping by about 0.4% amid a stronger US dollar and declining US Treasury bond yields. With scarce economic data in the US, investors will be closely watching Federal Reserve officials next week following the US employment report released last Friday.