As I look in to the pattern that perform trending to sideways. So i can conclude from my mapping chart that it will be bearish. aim for sell position.
Yesterday, the price of gold soared rapidly due to the impact of the U.S. unemployment rate in April and the seasonally adjusted U.S. non-farm payroll data in April, but the price quickly returned to below the downward trend line. The price still rebounded in the later period, but did not break through the downward trend line. This shows that news events only...
Gold fell again at the opening of Monday. Currently, the support is at 2286-2278, and the resistance continues to be observed near 2313. The focus of this week's trading is to short at high levels, with the final target near 2218. If the shorts are strong and fall below the support near 2278, strong support will appear in the range of 2274-2269 in a short...
Attention, traders! 📣 **Trade Alert: USOIL Inverse Cup & Handle Pattern** **Pattern:** Inverse Cup & Handle **Current Price:** $81.50 **Selling Zone:** $81.50 **Technical Target:** $77.00 USOIL has formed an inverse cup and handle pattern, indicating a potential trend reversal. The selling zone is identified at $81.50, with a technical target of $77.00....
Gold prices reversed after yesterday's plunge immediately after the US Federal Reserve (Fed) decided to keep the standard interest rate unchanged at 5.25% to 5.5%. Both Fed Chairman Jerome Powell and state Fed officials in the US have expressed reluctance to start cutting interest rates until they are more confident that inflation is on track toward goal 2....
Oil prices fell for three consecutive trading days. Positive news from Hamas interrupted WTI oil's rise to $80. The U.S. dollar index held above 105.50 and was flat ahead of weekly jobless claims. Looking at the daily chart of crude oil, oil prices have been falling continuously during the week, causing the 55-day moving average to be broken below, and the...
My article is not to please others, but to give friends who can empathize with me a sense of belonging, and to provide some help that I can do as a professional. The road to investment is long, so you must learn to be calm. For those who don’t know the trend, I will announce the gold trend strategy and entry point in real time every day! When you come to me, you...
GOLD moves in an indecisive range to sweep the market price @ 2341-2357.. before the weekly candle formation gets activated in the sell momentum continuation
Here is my latest structure analysis and important key levels to trade on Gold next week. Resistance 1: 2354 - 2360 area Resistance 2: 2392 - 2432 area Support 1: 2215 -2264 area Support 2: 2194 - 2222 area Support 3: 2146 - 2165 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also...
Here is my expectation for the GOLD to move long in the following days. Keep track of the break out for the triangle formation and then enter the trade with considering the risk and watch the trade to play out perfectly. Always manage your risk and aim to protect your initial invested funds then targeting the profits.
Perseverance without direction and purpose is futile. Many things require us to have a clear direction and purpose, and then perseverance will make sense. In daily trading, we need to have the right direction, and then work hard to stick to it, and success will be within reach. The 4-hour moving average of gold is still in a short position. Now the...
A 4 hour forex trading strategy is a trading method that focuses on using the 4-hour timeframe to analyze the market and make trading decisions. It is a popular approach among traders who prefer a longer time frame but still want to take advantage of short-term price movements. iTs mean monday target 2305 or up..! Follow dragon for new targets new ideas!
Any healthy trend will respect support and resistance levels. In this chart the thick green line is a valid support which got broken. But where is the retest?? Market should have taken support on the thick red line to go up and test the broken green line, get rejected and come down. Only then I would call this last down phase as a healthy down trend. Market even...
Today is Sunday, and tomorrow we will start a new week of trading. Let’s first summarize this week’s trading results. This week we participated in a total of 20 market transactions, 18 of which ended in profit, and the remaining 2 transactions ended in loss, with a winning rate of exactly 90%. Our overall trading profit is very good. I personally made a profit of ...
Elliot wave theory confluent with war situation in middle east wave 4 Zigzag deep correction seem to finish in pivot point (previous high) I long, aim WTI crude oil will go back at least 85 I going to partial close if price is reach 85 I also back-test using trend line and pivot point I found that using 3.5% SL is work well to protect whipsaw in trading I...
XAUUUSD tried pushing up during NFP But got rejected at the 50 SMA at 2320, now price is trapped between the 50 and 200 SMA holding in the downward at 2286. currently am taking a bearish bias because of the descending channel formed. Am waiting for price to break 2286 area then we sells all the way to 2198
Gold continues to exhibit a downward trend, with potential targets at 2290 and 2278. A further decline below 2278 could initiate a new bearish phase, targeting 2260. Conversely, a breakthrough above 2307 would confirm a bullish trend, suggesting potential upward movement towards 2327 should prices stabilize above this level. Additionally, today's Non-Farm Payroll...