Bearish Paths for NQ Leading Into PCEI'm bearish for PCE, but didn't think it was worth trying to predict so I'll be waiting to make some moves after the reaction. I'll have bullish paths in another idea.Shortby AdvancedPlays0
XAUSD Consolidating or Correction? While Gold is stuck in a consolidation, my bias is basically Bullish unless other data comes in. But it is unclear how the GDP number come out hot, i do see a potential for us to retrace back to 2400 level and correct for the current move. The DXY is very bearish which is a good sign as the DXY usually correlates with Gold, i believe the dollar will look weak as the other countries are considering rate cuts. With uncertainty in the dollar i believe investor will bet against the dollar and Gold will be long. Longby mr_mat_sa1
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we posted the idea to short into the support level and then take the long trade back up looking for the higher levels, which has worked well. Our target level has been market complete, so for this report we would say, anyone long from below, protect, take partials and let's see if we can break above the 2350 region and hold if we're going to see higher pricing. So, what now? We have support below 2340, which has flipped us again but as you can see, we have a strong resistance level here in 2355. Ideally, we should see a pullback in the Asian session, and if held again a push upside into the higher levels. For us, we're done, we've have an extremely successful month again and due to it being the end of the month and a Friday tomorrow, we'll most likely be taking it easy in Camelot awaiting the monthly close. So, if you're in you're in, happy days and protect. If you're not in, sit it out and come back next week. As always, trade safe. KOG by KnightsofGoldUpdated 7750
Gold can break resistance line and continue to move upHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a not long time ago started to grow inside the upward channel, where it soon broke the support level, which coincided with the buyer zone. After this, Gold made a retest and continued to grow in the channel and soon reached the resistance line, but at once rebounded and made a correction movement to support line of the channel. Then price rebounded from the support line and in a short time rose to the resistance level and also broke it and grew to the channel's resistance line. As well then, XAU exited from the channel and reached the resistance line, after which turned around and fell firstly to the 2405 resistance level, broke it again, and declined to the 2330 support level. After this, the price bounced from this level and tried to rise, but after some movement up, it rolled down to the buyer zone. A few moments ago, the price rebounded from this area and rose to the resistance line, which continues to trade near. In my opinion, the price can correct to the support level and then rebound up, higher than the resistance line, breaking it. For this case, I set my target at 2380 points. Please share this idea with your friends and click Boost 🚀 Longby LegionQ84421
gold biasit has been a very slow day but we have high volume news coming during NY session. with that said i anticipate gold to push higher provided that the news a negative which would also align with DXY currentlyLongby BM_ForexTrader1
Gold ( XAUUSD ) Outlook !!!www.tradingview.com Gold (XAUUSD) is navigating a descending triangle pattern and has rebounded from its upper edge. The 50-period moving average adds an additional layer of resistance for the asset. If it breaks above the 2345 resistance level, it could clear the path to the 2365/2390 resistance Conversely, a rebound from the upper edge may trigger a decline to the 2310/2285 support level. The overall trend is positive, yet a dominant buyer has not emerged. The market is in anticipation of news. On a local scale, the trend is downward. To validate a shift to a local upward trend, the price must surpass and stabilize above the range of 2354 - 2364; this would set the stage for a potential rise to 2400. However, should the price fall below 2328, it could trigger widespread market concern.by Goldxking2
Triangle on GoldWaiting for inflation reports today then Gold should break out the triangle Up or Downby Al-Waseem1
Paths for ES Ahead of PCEI am bearish right now, but I went mostly cash before close yesterday. I'll trade the reaction in whatever direction that presents itself, but if ES can't hold 5240 and VX keeps moving higher I think ES.is headed to 5200 minimum.Shortby AdvancedPlays0
XAU/USD BUY CLOSE 60+ PIPSGOOD DAY TRADERS Trade sent yesterday been running in profit. close active trades market will be closed over the weekend to avoid drawdown or stop loss hit.Longby Low-keyFXtrader3
XAUUSD SHORTIM LOOKING SHORT ON XAUUSD , If you have any suggestion please comment below.., Happy tradingShortby AmbadyKJUpdated 2
Bullish pole - possible bull run for short to medium termBuy on breakout TP is at pole length marked, SL at last LL inside sideways channel buy @CMP or Buy stop at breakoutLongby Trad3withKamil0
long-term upward trendI am hoping for an upcoming bearish trend break. You can start buying soybean oil at the current price 46.00 And buy limit at price 44.00. If the D1 bottom zone 42.00 is broken, cut loss and close the order immediately.Longby UK_LEEUpdated 110
SILVER Will Fall! Short! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.601. The above observations make me that the market will inevitably achieve 27.300 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 113
USOIL Downtrend Line Rejection At $78.11 31.05.2024- USOIL downtrend line rejection at $78.11 on 30-minute chart - If rejection holds, likely drop to $77.44 - Break below $77.44 could lead to $75.53 - If rejection fails, potential rise to $78.63 - Break above $78.63 could push price to $79.00 - Apply Risk Management _____________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Shortby BDSwiss_Academy1
Closing my Selling order / #45 Profits rowAs discussed throughout my yesterday's session commentary: "I have closed my Selling order (#2,352.80 - #2,340.80) which delivered fine #12-point Profit, and on a pullback to #2,344.80, throughout the same session, I have re-Sold Gold on #2,344.80 and kept the Selling order with #2,300.80 benchmark Target which is currently running in excellent Profit. I am on #44 Profits and #9 Stop hits regarding October - May cycle." I have closed second Selling order (#2,344.80 - #2,330.80) on a fine #14-point run and coupled with yesterday's #12-point Profit, I have extended my total Profits row on #45 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders who re-Sold Gold with me, well done! Technical analysis: Gold continues to Trade within healthy Daily chart’s Descending Channel, holding tightly the #2,327.80 - #2,332.80 pressure point as an Support zone (see how it held throughout today’s session on the exact spot, as well holding and untouched in #1-Month base). Assuming that the Selling pattern continues, then the current market sentiment represent an additional solid Selling opportunity towards the #2,300.80 extension (taken from mid-April Annual High’s), as recession sentiment is slowly fading so safe-haven assets such as Gold (which were in High-demand) should suffer as Investors are slowly losing interest which should add strong Buying pressure on Bond Yields and DX (my strongest correlations at the moment). There is however only one Resistance line left towards #2,372.80, which is currently Trading on #2,356.80 configuration (slim chances). I’ve been highlighting the #2,300.80 potential, and I assume with current market overview, Gold may test it within early next week's phase and sole reason why Gold isn't already Trading below it is mixed numbers on DX. After the Higher High’s Lower extension test it is pure speculation where market will be headed next, however my Technical estimates show (according to Weekly chart’s (#1W) historical resemblance / Bear cycle) that correction process on Gold is over and multi-Month Selling sequence will continue towards #2,200.80 benchmark first and #2,152.80 in extension (more Medium to Long-term). My position: As it is Friday's session and as I am more than satisfied with my Trading results, I will not assume more orders for the session and take early weekend break.Shortby goldenBear88118
Closing my Selling order / #45 Profits rowAs discussed throughout my yesterday's session commentary: "I have closed my Selling order (#2,352.80 - #2,340.80) which delivered fine #12-point Profit, and on a pullback to #2,344.80, throughout the same session, I have re-Sold Gold on #2,344.80 and kept the Selling order with #2,300.80 benchmark Target which is currently running in excellent Profit. I am on #44 Profits and #9 Stop hits regarding October - May cycle." I have closed second Selling order (#2,344.80 - #2,330.80) on a fine #14-point run and coupled with yesterday's #12-point Profit, I have extended my total Profits row on #45 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders who re-Sold Gold with me, well done! Technical analysis: Gold continues to Trade within healthy Daily chart’s Descending Channel, holding tightly the #2,327.80 - #2,332.80 pressure point as an Support zone (see how it held throughout today’s session on the exact spot, as well holding and untouched in #1-Month base). Assuming that the Selling pattern continues, then the current market sentiment represent an additional solid Selling opportunity towards the #2,300.80 extension (taken from mid-April Annual High’s), as recession sentiment is slowly fading so safe-haven assets such as Gold (which were in High-demand) should suffer as Investors are slowly losing interest which should add strong Buying pressure on Bond Yields and DX (my strongest correlations at the moment). There is however only one Resistance line left towards #2,372.80, which is currently Trading on #2,356.80 configuration (slim chances). I’ve been highlighting the #2,300.80 potential, and I assume with current market overview, Gold may test it within early next week's phase and sole reason why Gold isn't already Trading below it is mixed numbers on DX. After the Higher High’s Lower extension test it is pure speculation where market will be headed next, however my Technical estimates show (according to Weekly chart’s (#1W) historical resemblance / Bear cycle) that correction process on Gold is over and multi-Month Selling sequence will continue towards #2,200.80 benchmark first and #2,152.80 in extension (more Medium to Long-term). My position: As it is Friday's session and as I am more than satisfied with my Trading results, I will not assume more orders for the session and take early weekend break. Shortby goldenBear888
AS OF THE CURRENT MOMENT, GOLD REMAINS STABLE AT $2,340 USD.Let's explore today's global gold situation together. On Friday afternoon (May 31, 2024), gold continued to hold steady at around $2,340 USD per ounce. This is a positive sign amidst the decline of the US dollar and treasury bond yields. Technical indicators such as moving averages, MACD, and RSI all suggest that the gold market is currently in a stable phase, with few signs of divergence or significant volatility. Based on these analyses, I can predict that gold will likely continue to maintain its stability and may experience slight increases in the near future if influenced by global economic conditions and stock market trends. Keep monitoring gold - an endless source of inspiration and a reliable source of information in the ever-changing world of finance. Don't forget to stay updated with us for the latest information! Longby Jesscica1
Gold - UniverseMetta - Analysis#Gold - UniverseMetta - Analysis After the impulse, the price corrected by more than 50%, what can we see in the near future? If we consider a rebound from the level of 2324, we can consider buying from the level of 2355 further along the trend to the ATH update. In this case, sales must be refused. and consider a local movement to the level of 2390. To continue the downward movement, you can consider entering from these values, with a short stop on the idea, beyond the buy entry level with a target of 2280. Target 2390 - 2460by Trade-U-Metta3
XAUUSD (GOLD)Today possible trades Take your own risk but also remember today monthly candle close so market will be volatile and big volume comeLongby Kashif_chaudhary1
Good analysis and strategy, hope to help you!Gold 4-hour chart out of a wave of small step shock rebound correction, with the medium rail as the critical point of the rebound channel. Yesterday to hold the middle rail to launch a high point, the current small cycle, B wave high can be high can be low, weak market, today with high fall down. The strong market continues to shock correction, and it is delayed to weaken. In terms of the small cycle structure alone, it needs to fall below 2340 or 2325 again to confirm that the C wave continues to adjust. That's the tipping point for weakness. However, from the daily line and the weekly line structure, the rebound correction space is almost, today is the key point, whether the shape of the high close is the key. Close low to weak, on the contrary, close high will continue to tug, expand the scope of the oscillation. In operation, the rebound is still maintained at a high altitude. At present, lock about $15-20 to reduce the position, and then take a large space or appropriate to increase the position after falling below 2340. Gold operation strategy recommendation: above the rebound 2362-65 line short, stop loss 2372, target 2350-45 line.by Trade-reaperUpdated 4
Gold latest strategy analysis and accurate guidanceFrom the current trend point of view, today's short-term pressure focus on 2360-2365 line, intra-day reverse draw relying on this position first to see the fall, below the short-term support focus on 2340-2338, intra-day back to stabilize this position can be short more than once again to see the shock recovery, intra-day overall relying on 2340-2365 region high altitude low cycle to participate in the bullish and bearish shock running rhythm, The middle position is always more see less move cautious pursuit, patiently waiting for the key point approach. Gold strategy: Above 2363-2365 near short stop loss 2370 I hope the daily analysis and strategy will be helpful to you. Please contact me if you need itby Trade-reaperUpdated 2
Crude oil prices resumed their rise,The short-term trend of crude oil (1H) is fluctuating higher, the average line system is long, and the short-term objective trend is upward. Oil prices broke through 79 levels. Bullish momentum prevails in the morning, after the oil price fluctuates around 79, it is expected that the trend of crude oil will continue to rise in the day, looking at 80. Today: 78.60 long, Stop loss: 78.00, target 79.60. If you need help, you can contact meby Trade-reaperUpdated 0
Gold latest strategy analysis and accurate guidanceCombined with the daily line and the hourly chart trend, the short line interval temporarily looks at 2350-2330, focusing on the competition around the 4-hour medium track 2347, which is the short line long and short divide. Radical can be carried out around the above short range between the cells, and the moderate can be involved around the above large range. The specific point is mainly real-time on the disk Gold Recommendation: Long stop loss around 2330-2332 below 2325 I hope my analysis and advice will help you, and you can follow me if you need toby Trade-reaperUpdated 1