Traders, The title says it all. Let's take a look at why another pullback could be in the cards.
OANDA:XAUUSD has been in uptrend in midst of US Fed rate cut hopes. Currently, It's retesting ascending trendline where we can look for long term buying opportunities.
AMEX:GLD looks like it's putting in a top here. While I do think commodities have started longer term bull trends, I think if we see a big move down in risk assets, commodities won't escape the bearish move. I think it's likely that we reverse from this level and find support somewhere between $177-169 region. However, I'm not ruling out the possibility of a...
In October 2025, I think Bitcoin will hit $100k before retracing back to around the $60k mark (previous highs become new resistance). Over the last few cycles, we can see a pattern form -- highlighted by the coloring of the squares that make up each period in the cycle. There are three such periods. The purple box is the draw-down from the previous high a.k.a....
Silver is moving REALLY SMOOTH & easy to understand in terms of market structure. We saw market create its first impulse move to the upside in October 2022 (similar to Gold), which was then followed by a downside correction from January this year. Silver didn't go below its last major low & last week created a bullish engulfing candle on the weekly TF, showing...
Hello Traders ! As We Talked in The Previous Analysis, The XAUUSD Formed a Descending Triangle. The Price Broke The Support Level (2013.702 - 2021.000). This Key Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉. I'm Waiting For Retest... ________ TARGET: 1983.000🎯
As We Talked in The Previous Analysis: The XAUUSD Formed a Descending Triangle. The Price Broke The Support Level (2013.702 - 2021.000). This Key Level Becomes a New Resistance Level. Currently, The Price Pull Back to Important Structure and Formed a Triple TOP Pattern. ________ TARGET: 1983.000🎯
OANDA:XAUUSD breakout below the short-term rising trendline is calling for a deeper pullback to 1960 and below
Gold is going to test 1946 level this month. After test we will review price movements. Follow To Get New Signals
The global markets often react to geopolitical events, and the rising Middle East conflict is a prime example, drawing investors' attention worldwide. This tension has amplified the demand for gold, a traditionally secure investment. The ongoing Israel-Hamas conflict underscores gold's safe-haven status. Gold prices have surged by 9% since October 6th. Looking...
✅ Gold rose for a long time without correction. The price has reached resistance. We expect a reversal of the direction of the chart movement. ✅ 🚀 SELL scenario: short to 1946 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Preferred direction: SELL Comment: After the rally in oil, prices are most likely ready for a correction. The downward correction is expected to continue. Positions are considered from current prices with a view to approaching level 88. Presumably, after which there will be a pause and a likely continuation of the fall. Thank you for like and share your views!
As per my Elliot Wave* analysis, Octobers low may mark the the mid-term bottom for gold and price has started to work on building the right hand side of the cup. As long as 168 holds, I would expect the price to move towards next important resistance area 194-200 area. Ideally build a hand of the cup after reaching that level and break-out above 194 towards...
Gold is very strongly correlated with 10-year US bonds TVC:US10Y , such a high correlation there began immediately after the 2008 crisis (coincidence?). This next year, 10-year yields are unlikely to go above 5.5%, which means the potential for gold to fall is very limited. Now the yield on 10-year bonds is 4.74% and only +~0.7% is left to reach the 5.5%...
💬Description: As a result of yesterday's trading day, the currency pair closed above the level of 1.35019 , which is a very significant event, especially for buyers. The dollar continues to exert pressure across the board, and with the daily close above this level, this trend for USDCAD will continue. However, most likely, growth is limited and setting targets...
hello guys... gold reacts to flip area and I believe this commodity wanna try that level again! besides that, it formed a QM and contained the QML too! I think gold after touching the gray area, will come back to reach the qml (or qmc pattern) it is just a thought! let's see what happens _______________________________ always do your research. If you have...
Gold is holding well inside the last week's Channel Up and on the 1H timeframe it reached the overbought zone (RSI = 74.328, MACD = 2.620, ADX = 35.131). Even though we are bullish long term, this overbought state might cause a minor pull back or consolidation as on September 15th. The RSI has in fact reached the 77.600 R1, which was the High of that date. This...