Strong trendline support at current junction!This is not investment advive, but an educational view on a bullish trend. by RaSantana1
Everything is Golden All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.Longby THE_APIS_TRADER2
Gold IH&S breakout Gold made a new high on Friday and is currently breaking out from two bullish pattern the first one is a inverse head and shoulder with a target of 2500 and the second one is text book cup and handle with a target of 3000. These are bigger timeframe moves so we will see how it goes it good entry will be on the retest of the neckline around 2040-2100Longby WhaleKingpinUpdated 112
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we went long into the higher levels and said we would wait a for a little higher to then attempt the short trade. We gave the level 2350 but price fell just short of 2355 before giving us the signal to short it initially into the 2335-30 region, and below that we activated again 2320. A lovely move completing our Excalibur target as well as KOG's bias targets which were shared with everyone this morning. So, what now? We have the resistance level 2335 which needs to hold price down and if we get another signal, we'll look to add another trade to take this lower. We have to note, we're still in the range and the movement, although erratic is gradual so please don't trade it mid-range. Support again below at 2320 is holding us up while we accumulate in the region. More news to come throughout the week which is going to cause volatility so we're not discounting another attempt at 2345-50 at some point. For now, we'll stick with the plan on the KOG Report. As always, trade safe. KOG by KnightsofGoldUpdated 2277
XAUUSD, M30 Recent Mapping is showing buyIf you will see M30 Recent Mapping, it is still showing buy momentum, price can fall to 2332 are where the OB exist and gold will fly again from this areaLongby ForexFeverYT2
GOLD to zero vs BITCOIN What an awesome chart (For Bitcoin maxi's that is) here this shows Gold in relation to Bitcoin.... Here we can see the halvening (blue vertical lines) and the decline in gold value respective to Bitcoin, we can see an 80%+ decline each cycle. The next halvening date is April 2024, (Red vertical line) After the move has moved to a new low, we can see that a retracment has come in to the upside each cycle into and around the golden pocket (61.8% - 80%) . This area has already been tagged... another pattern is the influx of Volume regarding the start of 2023, dwarfing any other previous volume... I shall continue to update this thread moving forwards.Shortby TraderE9Updated 3310
OILUSD: UT Curve Analysis(Based on the 1D Chart) 🛢 CFD: WTI CRUDE OIL 🛢 RESISTANCE @ 85.21 TP4 @ 84.39 TP3 @ 81.44 TP2 @ 79.52 TP1 @ 76.76 SUPPORT @ 74.51 BSO @ 73.94 ⏳ BLO @ 72.22 ⏳ FUNDEMENTAL ANALYSIS Crude oil prices have slightly recovered from a drop caused by pressure from the Federal Reserve, but they are still stuck in a narrow range. When the Organization of Petroleum Exporting Countries (OPEC) and its partners got together on June 2, 2024, they seem to be in favor of price increases as long as voluntary production cuts last longer. Energy demand is still tied to what people think will happen with monetary policy, especially in the US. Last week, US oil stocks rose by 1.8 million barrels, according to figures from the Energy Information Association. This made the market less confident that supply would meet demand. Since the middle of December, the market has been stuck in a narrow band. The next level of support is at $85.21. The price range right now is $74.51 to $71.41. This is an Intermediate Time Frame trade (4 hours to 6 day): — Offers a clearer picture of the underlying trend compared to short-term frames. — Provides more opportunities for confirmation signals and technical analysis. — Allows for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders. 🔑 ⏳ = PENDING ORDERS BLO = BUY LIMIT ORDER BSO = SELL STOP ORDER CFD = CONTRACT FOR DIFFERENCE UT = UPTREND TP = TAKE PROFITLongby ProfessorCEWard2
Bullish on Crude oilNYMEX:CL1! TVC:DXY Right now as the Crude Oil prices are at *premium and technically we are around a strong support area I think we would see a rally somewhere between 67.5 and 72.5. However, this week, we have PMI and NFP news ahead so if the reports come out to support DXY, Crude oil might stay around this area for a while (as it's seasonality suggests) * look at the closing price of the futures contracts between July and December 2024.Longby SamanFx0225
M30 POI showing Buy momentum right nowI am expecting buy move in up coming move till 2355, or price can be up from the same levelLongby ForexFeverYT1
NZD/CAD Short, NZD/CHF Short, GBP/CHF Short and SUGAR/USD ShortNZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. Short19:45by StewySongsUpdated 1
Will the downward trend of oil end?📊 Considering that the price is approaching its demand range, if the range of 75.5 units is maintained and the price stabilizes above it, the price may increase to the range of 79.0 units🎯, and if the range is strong, it will reach 81.0 units🎯🎯. 📊 Otherwise, the price may decrease to the range of 73.0 units.Longby arongroups3
xauusd ADP NONFARM EMPLOYMENT REPORTADP is performs payroll services for its clients. The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is used as a predictor of the government's Labour Market Report. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. FORECAST 173K PREVIOUS 192K ACTUAL 152K the data released is less than forecast and also less than previous report, which is too much bearish for dollar. its impact may show up after the us market is openedby realmillionairefx1
call optioni think XAUUSD might try to rise again.but let's closely monitor it. let's pass those prop firm challenges Longby sizwedlaminiforex224
ES, SPX - Santa Rally could trigger Cup & Handle patternA strong end to Q4 Window dressing by fund managers who were underweight equities would trigger a cup handle pattern breaking the trendline of the pattern is around 4600 on the #ES I could also make an argument for HVF pattern we have a high 3 in place A recession will no doubt rear it's head at some point ... but a blow off top first to hand bears a beating is definitely a scenario I have shared before. by BallaJiUpdated 7
Gold Price ActionHello traders. As I posted my analysis, I forecasted a market reversal from my zone, which occurred. As you can see, I have marked an order block which I marked from 30Min timeframe and a liquidity area. So we can go short. The reason behind this is that the market creates liquidity, trapping retail traders, and the low level is weak. And, above all, risk and money management are critical. I wish you all the best and pleasant trade. Thank you.Shortby SuvashishFx1
WTi - BUY I see a Gap to be filled on MT4 They show up for various reason Very high chance will return to Fill it As it does in the Stock Market also Has nothing to do with any News or how's ya father Although they will make it appear it does Even if it doesn't make sense. They know 90% of traders have no idea about Fundamentals anywyay. Wycoff Pattern also Consolidating along the bottom picking up stops like a Vacume Cleaner. Ultra Metre Bullish Green : ) Lets SeeLongby NZ_Shareman223