Brent
XAUUSD : IMPORTANT TA , READ the CaptionGOLD UPDATE : Still on the gold chart, I specified my opinion is still Bearish and its possible targets marked on the chart! Please note that today, as it is the first day of week, the market does not follow a particular trend, but the important levels mentioned in the current and previous analysis are valid!
Previous Analysis : By examining gold in the 4-hour time frame, you can see that the price finally managed to hit all its important upward targets (Final Result is +520 Pips ✅) , and by collecting liquidity above $1668, it faced heavy selling pressure and corrected to $1644! According to the price trend, I expect further correction, and according to the analysis of the previous week, the price may soon move towards the liquidity pool of SELL STOPS below the price of $1615, if this happens after collecting liquidity below this level. We will probably face a temporary price pump, the range of this liquidity pool is from $1615 to $1606! The new Bullish Order Block is in the range of $1617.5 to $1627.5!
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👤 Arman Shaban : @ArmanShabanTrading
📅 10.24.2022
⚠️(DYOR)
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Uncertainty by Mixed Signals Hit Traders AgainOn the weekly chart of WTI, uncertainty is clear in the last candle. Buyers and sellers were both indecisive.
On the daily chart, the MACD indicator seems to be crossing and changing the phase. Oil might open lower on Monday but it is possible to see volatilities throughout the week.
The recession is nearly the strongest bearish factor holding oil prices down. The dollar index is increasing and it brings more fear to the markets.
IMPORTANT TA of $GOLD : READ THE CAPTIONWell, as you can see, today the price penetrated more to its Bullish Order Block and managed to grow by 230 pips from $1617 to $1640! If the price continues to grow, the important ranges for supply are $1645 and $1656 respectively! Another important possibility is that the price may soon (maybe next week) move towards the liquidity pool of SELL STOPS below the price of $1615, If this happens, after collecting liquidity below this level, we will probably face a temporary price pump, the range of this liquidity pool is from $1615 to $1606!
✅ Result so far : +260 Pips ✅
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👤 Arman Shaban : @ArmanShabanTrading
📅 10.21.2022
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XAUUSD (GOLD) Multi Time Frame analysisWell, as you can see, the price managed to increase up to about $1680 yesterday, exactly from the range of $1660 that was mentioned, that is, nearly 200 pips of growth! Again, from the same range of $1680, the price faced selling pressure and fell again to $1660! The price again reacted positively to this level and is currently trading with 50 pips of growth in the range of 1665! Now we have to see if this level of support and demand zone can cause the price to grow again or not! one of the important supply zones is in the range of $1676 to $1680!
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👤 Arman Shaban : @ArmanShabanTrading
📅 09.20.2022
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CRUDE OIL (WTI) 2 Important Breakouts 🛢
Last week was very bullish for WTI.
The price even managed to break and close above a solid horizontal supply zone and a major falling trend line on a daily.
The underlined blue area on the chart is a confluence zone based on broken horizontal and vertical structures.
From that, a bullish move will be expected to 97.0.
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XAUUSD Weekly TF Update : 10.09.22According to the latest analysis uploaded in the weekly time frame in TradingView, I expected a drop in that week from its highest level! There is a high possibility of more fall in the current week, so pay special attention to the analysis in the lower time frames!
Lower Time Frame Analysis :
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.09.2022
⚠️(DYOR)
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Is Crude Oil - WTI Really on a Hike?In the daily chart of WTI, we can detect a hidden divergence in MACD and price. Friday’s movement was strong but it was not significant to the strong yearly pivot resistance and stayed below 200 MA. It can be only a fake breakout. Yet, we shall observe every new detail closely.
If it fails at the 200 MA resistance, be prepared to go short. Unless the fundamentals of the Ukraine war take over and the panic pulls up the chart.
Brent tanking soonBrent is in a predominant falling wedge channel.
As I have mentioned this week, channels are always stronger than breakout patterns.
So we need the price to break below or above a certain level, before the price stops meandering...
The first target is to the top of the channel at $97 then down to $88 (channel).
If the price breaks below the channel then we could see a target of $67.65
I am bearish with Brent STILL.