EA's Optimistic View: IEA forecasts global oil supply to outpace demand, with non-OPEC countries leading the rise. OPEC's Limited Options: OPEC faces challenges as demand for its oil is predicted to decline, limiting room to lift output without oversupply risks. Dubious Non-OPEC+ Increase: Doubts arise over IEA's projection of a 1.6 million barrels per day...
After 6 months of zigzag consolidation finally gold is ready to momentum This week my target is 2055 minimum If we close above it then next week we can see new ath in gold
Gold Price Forecast: XAU/USD Bulls Respond to First 2024 Test Below $2kGold prices finally tested below the $2k psychological level and this was the first such instance in two months, since before the December FOMC rate decision. Bears had an open door to make a run, but USD resistance held at 105 on DXY, and that brought gold bulls back into the picture helping...
Please refer to my previous live market analysis on this commodity where recommended buy at 1.618. Plotted is my wonderful indicator Rekhi144 which shows it has made a solid base at this price and closed at around 1.65. You can vouch that it is still in bearish mode because of following reasons: (i) There is imbalance in left and right shoulders. (ii) price...
Reason Behind the Bearish 1. Obey Resistance & Three White Soliders @ 2028 2. Obey Strong Trendline @ 2037 3. Decending Triangle Pattern Formed Overall Possible Outcomes XAUUSD SELL @ 2027-37 SL 2054 TP 2000 TP2 1980 TP 3 1940
Looking strong upside possible trade possible on shared level.. Trade according to your risk managment.. analysis is for study purpose only.
After Having Tested the 1980, as expected Gold has Shown decent Buying from the zone, establishing it as a Strong Demand Zone. 2017 Zone 1995 Zone Trending Move is possible if either zone is breached. 2031, 2045 on upside 1985, 1975 on downside Could be tested. Not much to Analyse. Simple Trading plan for the week. Stick to levels, and Profits should...
US Oil at the break out. Please read the notes on the chart. If price closes above high of 30th November 2023 then there will be clear breakout because it will break square of November 2023 and there will be created monthly support. Disclaimer: I am not a registered analyst with any of the National/International agency and it is only for educational purposes....
Sell gold at about 2004, with a stop loss at around 2012, And take profit zone at around 1988
in my perception xau will continue it fall to complete wave 5 may target area is 1977
Gold in the 4-hour timeframe is currently following a downward trend. Last week's market closing reaffirmed this downward trend but couldn't break it. If it manages to break this downward trend upon market opening, its next price targets are 🎯 2025 - 2034 - 2044! 🚀 But if it continues in the downward trend, the next targets would be 🎯 1998 - 1988. Key...
As per my Technical analysis gold is bearish, I expect to touch again 2000 level as per current Cenario,2015 to 2017 trend line support expect to touch then decline. If gold break the level of 2032 and sustain above this level that can be bullish.
Area of sellers, trend line and resistance zone So down side
As i mention ealier I said to execute the trade after the candle close above teh lv 2008.075 and it happened so We executed teh tarde and boom as i said earlier analysis It will reach 2012 zone for sure and that happened guy follow to understand the trading zone you can see i have one thing common the zones you will learn them eventually if you follow me
MMXM Sell module. PRICE taken out the RETAILER LIQUIDITY ,AND today PRICE AGAIN REPRICE THAT ZONE
silver is about to breakout, disclaimer: added 1 lot at 71300 will add 2 more above 71600
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Silver ready for 74500 near Target we are holding buy trade from 23.6 % level On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear...