Hello everyone, Today, gold prices continue their recovery momentum since Monday, with the metal gaining over $25 since the start of the new week. Although gold has experienced two consecutive weeks of decline following a five-week recovery streak, overall investor sentiment remains optimistic towards this precious metal. From chart analysis, we observe that...
H4 makes clear SNRC1 zone to give us chance for long position. Price already breakout a resistance area. TAYOR!
Hello traders. I wanted to post a chart before I crashed for the night. So, for me, this 4 hour chart says alot. It is early in the trading week, and gold is carving out its paths in both directions. For now I am waiting for a break out of the current range marked on thhe chart. Lower time frame confirmation is always a must as well as other conditions to be...
Waiting patiently for a buy setup. It's coming! CHF Futures is CHFUSD, the inverse of the FX pair USDCHF. If you are trading FX, then look for the SHORT setup on USDCHF.
Today we made a good profit in gold long and short transactions, which gave us a good start for this week's trading. First, we shorted gold near the 2323 position in the morning. When gold fell back and touched the 2316 position many times, it stopped falling, so I closed the position near the 2317-2316 position in time to lock in profits in time;Then we went long...
As gold is now at new all time highs,,,, I anticipate on seeing a pull back of some sort either at my highlighted area. If this does not play out I will asume we will still be going higher until further notice ?!? I will be tracking price closely to see what unfolds.
I see the Nasdaq futures taking a pull back through the month of May down to bounce off the highs from 2022 (~16500). I think this will happen as the dollar increases due to the EU Bank cutting interest rates or at least hinting at cutting rates later this week before the US Fed does. CME_MINI:NQ1! NASDAQ:QQQ
👋 Hello traders! Hope you're all thriving! 📉 Yesterday, gold took a dip, but now it's caught in a range from 2316.6 to 2327.9. 📊 Two potential biases await: 🔍 Bias 1: If gold breaks above and closes higher, expect thrilling buying opportunities! 🚀📈 🔍 Bias 2: If gold breaks below and closes lower, brace for potential sells to the downside! 💼📉 Let's navigate these...
Here's a bullish technical analysis for USOIL on the H4 (4-hour) chart: 1. *Trend Analysis*: - USOIL has been showing a *bullish trend*, with the price consistently forming higher highs and higher lows, which is indicative of a strong upward momentum¹. 2. *Support and Resistance Levels*: - Key support levels have been identified where the price has shown a...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 07 May 2024 BUY LIMIT Order: $2307.27 Stop Loss: $2291.60 Take Profit 1: $2322.70 Take Profit 2: $2343.21 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
During the Asian session on Monday, gold fluctuated within a narrow range around 2313. Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction that followed last month's surge as investors took profits and geopolitical risks eased. Although the employment data reinforced expectations that the Federal...
Crude Oil Technical Analysis Daily resistance is 79.6-83.4, support below is 76.8 Four-hour resistance is 79.6-80, support below is 78-76.8 Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days. The short-term resistance above today continues...
7/5/24 - As we can see, WTI could potentially done its bids and expecting it to starts offer out at this point. With the confluence of it reaching going back to 50MA. The only way WTI will offer out is the breach 50MA with volume. If it rejected it and price heading back to double bottom, I will see as my expectation of WTI going up invalid. All the best traders. - Nav
Gold formed a decent rally after consolidating above the 2023 high. We finally saw a retracement following its failure to close above $2400, but momentum is now trying to turn higher once more. We're not yet sure whether any potential bounce is simply the 'b' wave on a ABC correction (if so, it implies another leg lower after a bounce) or if the correction has...
WTI oil (XTI/USD) is rising towards the pivot and could potential reverse to the 1st support. Pivot: 80.97 1st Support: 78.33 1st Resistance: 82.56 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...