Gold's price action yesterday was truly astonishing, with a sharp rise followed by a rapid plunge. In yesterday's trading, gold prices hit a high of $2,431 before falling sharply to a minimum of $2,333 and closing there. On the weekly chart, a positive column with a long upper shadow line is finally formed, which is the so-called "shooting star" pattern. Although...
Reason For Sell 1. Breaked Support 2360 and retesting Monday Morning 2. Overall Sell trend in 4h 3. Obey Tredbline and resistance Overll Possible Outcomes XAUUSD SELL LIMIT 2355-60 SL 2370 TP 1 2330 TP 2 2329
Crude oil faces resistance at the 200 moving average after break down rising wedge patern, indicating a potential 1:4 target. Traders may consider this point for planning their positions, keeping the SL in mind. looking good RR we can take this risk but make sure to cut positon above 200 EMA.
Intraday Support level at 7180 and resistance level at 7296. 1st Support level : 7181 2nd support level : 7082
US OIL WTI : Bullish - 2 falling wedges + Head&Shoulders Wti crude oil can rise higher because of current geopolitical tensions. OPEC countries have reduced their daily production of barrels of oil. Technically: The wolf of Zurich has detected 2 "Falling wedges" and an " inverse head & shoulders" . These chartist patterns could raise the price of WTI oil around...
Gold retracemeant is started for the last second impulsive move. I mean for the past one month it gives two impulsive moves. Go for short on Monday ,maybe Asian session will be wild. Learn to trade by yourself.i am not a pro.
Gold went through a roller coaster trend on Friday. After the price broke through the 2400 integer mark, it did not pull back. Instead, it quickly rose to 2431, and then turned around and fell straight down to around 2334. Most people were caught off guard by this drop. The sudden plunge of nearly $100 is unexplainable from both technical and fundamental...
1. Add an indicator named Forex Session by Blackwolf by FXCM 2. Now mark support resistance on the first two session 3. Whenever the price breaks or respects any support resistance take a trade 4. Risk Reward should be 1:2
Reson For Sell 1.Reached all time High and Seller Pushes to Lower 2. Breaked Support @ 2365 3.Retesting the Breaked Zone Reason For Bullish 1. Obey Trendline $ Support @ 2310-20 2.Fundamendal News and Politics Overall Possible Outcomes XAUUSD SELL 2355-60 SL 2370 TP 2320 XAUUSD BUY 2310-2320 SL 2270 TP 1 2360 TP 2400 TP 3 2430
This is vedl analysis if this level 375 break it will make new high.
Looks like Silver Micro is moving towards 86950, lets see if that happens
1. Price is out of regression, Thats an outlier movement, which explained the intensity of the impulse, its a characteristic movement of 3rd wave 2. Internal wave structures & Primary wave analysis, 5 sub wave of 3 primary wave is am extension wave, price structure is quite stiff and resembles with Climax Top 3. Cup & Handle pattern target has achieved, have...
Brent Crude Oil charting its potential trajectory amidst current market dynamics. Through a meticulous examination of technical indicators and chart patterns, a compelling case emerges for an imminent bullish surge within the $104-$124 range. Based on the comprehensive analysis of these factors, it is anticipated that Brent Crude Oil to embark on a significant...
next week my bias for xau is bearish to complete fibo level
Gold fell from 2.618 level of last swing of 9 to 10 apr H/L. Now If it has to come under selling it may bounce to 0.5 , 0.6 levels of this fall then may continue to fall
Looking at the gold daily line, yesterday it began to break through the resistance of 2365 at the beginning of the week and reached the important mark of 2400 today, once again proving the fact that gold has not yet reached its top; where is the top currently? There is no basis for reference yet. At present, there is also super pressure on the daily trend line...
Monthly Fvg ---> All Time High This is a pure technical analysis
Bullish View On Last Q 50% Probability Direction was not clear