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GOLD (XAUUSD) What to Expect Next Week? Gold is currently trading within a wide horizontal trading range on a daily. 1765 is its low and 1965 is its high. On Friday the price almost reached the support of the range. Depending on the reaction of the market to that here are two potential scenarios: 1 - The price may respect the support and continue trading within the underlined boundaries 2 - The price may drop the support. Daily candle close below will signify a highly probable bearish continuation. Make your trading decisions accordingly or wait for a reaction first, and only then follow the market. What do you think will happen?
FX:XAUUSDLong
by VasilyTrader
25
SILVER (XAGUSD) Technical Outlook hey traders, a lot of questions about silver. on a daily we are currently trading in a wide horizontal trading range. 30.0 is its resistance and 21.7 is its support. yesterday we tested the resistance of the range and then we saw an immediate strong bearish reaction from that. the last 4 trading days are quite impulsive and for now, the best option for us is to let the market calm down. the safest zone from where I would consider buying opportunities is based on a confluence between a major falling trend line and range's support.
TVC:SILVERShort
by VasilyTrader
12
Could We See the USOIL Around the 54.90 or 55.90 Level ? 🚀🚀🚀Although the pandemic is still spreading around and most of the economies are shut down the USOIL is still rallying without any fundamental explanation. Technically, if we look at the graph, the black gold is respecting the Elliott Wave Structure by accomplishing the first four waves. Currently, We are in the fifth wave, where we expect the price to rally again towards the two next targets 54.90 & 55.90 levels. 💡 Trade Idea 📈 Buy Limit USOIL @ 53.80 🎯 Target Profit 1 54.90 🎯 Target Profit 2 55.90 🛑 Stop Loss 53.25 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
TVC:USOILLong
by CollegeofPips
2
GOLD (XAUUSD): When Will the Next Bullish Move Start? hey traders, Though gold was quite impulsive and bullish on Thursday and Friday, analyzing 4H structure we can notice that the price is currently stuck within an expanding range with equal highs and lower lows. It is a classic variation of a sideways consolidating market. Being bullish biased, we must admit that the next major swing move will start only after a bullish breakout of the resistance of the range. Only then a strong bullish continuation will be expected. For now, follow the boundaries of the range and consider them for intraday trading opportunities. Good luck!
FX:XAUUSDLong
by VasilyTrader
1
Weekly Market recap 17: rut into safe-havens?Overview: What's happening? The risk assets have been confirming their short-term weakness and the need to correct and digest recent gains. We can see that most of the stock indices are in negative territory these days. The big technical picture of DXY also suggests possible upward momentum. We can expect the increased volatility in the Forex market in the upcoming months as USDJPY is approaching the long-term triangle's inflexion point. What patterns are driving Forex? DXY has formed H&S pattern on Daily timeframe, which is another evidence of a possible reversal, especially that it's formed around the long-term support. If DXY breaks 91.00, I want to be long on USD against some relatively weak currency. USDJPY tells us the story of the approaching volatility storm in the Forex market. The pair formed a long-term symmetrical triangle. If the triangle breaks out in either direction, it will have a powerful impact on the market as both USD and JPY are safe-haven currencies. No-brainer: short the weakest! At this point, it's good to look for short-sell setups in indices. The logic is simple - consider the indices that got hit the hardest by the correction and historically have been underperforming relative to other indices. HK33HKD and IN50USD are good examples of such relatively weak indices. What's left is to wait for specific setups in these instruments according to your strategy. HK33HKD behaves interestingly - recently I mentioned it's been relatively strong for a short time due to capital inflows from Mainland investors. Now the underlying relative weakness came back and shrugged off recent sentiments of the Hong Kong market. Summing up There may be nice short-sell setups in indices these days. Watch out for the breakouts of the key levels in DXY and USDJPY and proceeding volatility.
TVC:DXY
by Cherry94
Stopped out of Long. Initiated ShortClearly stopped out of the long position, order was filled at 3816.84. (top red line) Approximately 10% loss on the trade. So unfortunately we have erased some of the previos gains from earlier this year. Based on our model, the short term trend has shifted to negative. As such, a short position has been initiated at close. (bottom red line) Stop is set at 3780.28. (Green Line) Message if you have any questions. More resources on the way supporting info on the model.
OANDA:SPX500USD
by modelinvestors
GOLD (XAUUSD) Price Action & Outlook for Next Week For a quite long period of time, I remain bullish biased on gold. Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider. After some stagnation and consolidation, the price has dropped retesting the broken trend line. A positive bullish reaction, especially on hourly, makes me think that next week bullish continuation will follow. The price may retest a current local 4H high and then go even higher. Good luck and have a great weekend!
FX:XAUUSDLong
by VasilyTrader
16
GOLD (XAUUSD) Price Action & Outlook for Next Week For a quite long period of time, I remain bullish biased on gold . Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider. After some stagnation and consolidation, the price has dropped retesting the broken trend line . A positive bullish reaction, especially on hourly, makes me think that next week bullish continuation will follow. The price may retest a current local 4H high and then go even higher. Good luck and have a great weekend!
FX:XAUUSDLong
by VasilyTrader
3
Moivng stop up to 3817. Great trade so farQuick update on our SPY CFD swing trading strategy. Entry price was 3797.92 and we have a great profit of 10.83% based on current price. Moving the stop up to 3817. This came very close to getting hit earlier today, but the price has improved since then. Follow for more updates on our proprietary S&P500 Swing Trading System. So far we are up over 20% year to date. We have full details and update videos coming to YouTube shortly. Will be sure to post the links when everything is up.
OANDA:SPX500USD
by modelinvestors