GOLD (XAUUSD) Retest of Major Structure! (Update)
Daily/4H time frame analysis.
Price action & potential scenarios.
Trading recommendations.
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CFD
GOLD (XAUUSD) Looks Very Bearish! Here is Why
after a sharp bullish movement on gold yesterday on the hourly chart,
the price stabilized and was quite weak during the US session.
analyzing the price action we see a sequence of lower highs and bullish reactions from 1885 setting equal lows.
it is a classic descending triangle formation and it is a bearish biased pattern.
in case if bears manage to close below its horizontal support on hourly, the price will drop.
first goal will be 1872.5
if we set a new higher high higher close on hourly, setup will be invalid.
USOIL ANALYSISUSOIL retested broken downtrendline
then rebounded with strong bullish movement
USOIL is supported above key level at 40.00
Price broke congestion area
Above HVN at level 39.11
Above SMA 100
RSI is above level 50
It's expected forming Elliot bullish wave (5) to target level 44.00
XAGUSD SilverSilver in 4H timeframe. Silver had a strong rejection on Daily timeframe´s Resistance zone . Waiting for shorting entries coming up next.
XAU USD : DAILY ANALYSIS (post US election)My last charting was valid for a week and a half so now I’m updating!! I hope this helps you make a million this week ! We are going to watch the market open for selling OR buying opportunities. Expecting gold to retest the floor or quickly break through our double top. After we will test golds major resistance, and key levels within the 1970s to 1980s. We will find a comfy selling position, and break the banks!
MAY THR FORCE BE WITH YOU
GOLD (XAUUSD): Very Bearish Pattern
Gold is contracting within a descending triangle formation.
with the sequence of lower highs and equal lows, bullish swings become weaker and weaker.
it looks like soon we will see a breakout attempt of the current major daily horizontal support.
in case of a daily violation of that, the price will go to lower structure levels.
next support will be 1800
be prepared and wait for breakout!
XAU/USD UPDATE! go up alreadyWe almost hit the stop loss but price reversed just before we did and we are currently in a profit but we are seeing resistance again at the trendline.. The question is will price break through the trendline and have some sort of recent support before it reverses again or will it hit the SL if price reverses..
Comment your thoughts....
CRUDE OIL (WTI) Technical Outlook
a lot of questions about OIL.
on a daily the price is currently consolidating within a wide horizontal trading range.
41.0 - 41.5 is its resistance
36.1 - 37.0 is its support
while the price within a consolidating range, we expect bullish movements from its support
and bearish from its resistance.
for now, I remain bearish biased.
for intraday trading also consider a falling trend line,
while the market is above that, it serves as the resort for buyers to buy from.
in case of its bearish breakout, it will serve as a local resistance to sell from.
at some moment the consolidation range will be broken either to the upside or to the downside.
daily candle violations of its boundaries will show us the future market direction.
possible move for naturalgas possible move for natural gas.this is so possible move for this cfd. reason market is over extended buy and re test this 38 area and did not break previous high and back. so i think this move go down as mark. lets see the next week. happy trading.stay with me feature info
!! US30 SELL NOW WOLFE WAVE PATTERN !!♦️Pair : DAWOJONES
💢 Vision : Sell
☑️ Entry Point : 28620
💲 Target : 28420 / 28220 / 27950
✖️ Stop Lose : 28820
🔴 Risky Use Small Lot 🔴
⚠️ Reasons To Sell ⚠️
🀄️ Wolfe Wave Pattern
🀄️ Break Out Support Area
❗️ Risk 5%
💠 Reward 15%
big bear divergence on spx500must hold 3150 or we revisit mid 2s again.
covid2.0 coming, lockdown etc...
NAS100TF: 1 Hr
Looking to see how SPX reacts in this area for a intraday trade setup. Might see price breakdown around here, if not look for a break of the trend line to the upside and a retest for a long
Copper (XCUUSD) Bearish Forecast
Copper is retesting a major broken trend line.
currently, the price is trading within an important zone of confluence,
it is based on a horizontal 4h structure, major above-mentioned trend line, and fib.retracements of the last two bearish legs.
chances are high that the price will drop.
target levels:
2.85
2.79
silverleave a comment or a like please if your enjoying my work, and hopefully catching some of these pips. all the best
GERMANY 30 - DAY TRADE VIEWGER30 - Looking good for a selling opportunity , My approach will be a short selling position close to 12770
Maintain stop loss around 12840
Potential downside target 12670 - 12545
Follow the levels as mentioned.
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SPX500TF: 8 Hr
Price is heading into the .50 fib retracement and a resistance zone area. Might see some rejection coming up at 3400
USOIL ANALYSISUSOIL respects uptrendline
Strong bullish wave (a) ended at level 41.50
then corrective bearish wave (b) is rejected from 61.8% Fibonacci level at 38.58
MACD shows bullish momentum
RSI broke downtrendline
It's expected for coming bullish wave (c) to target first resistance level at 41.50
then finally target HVN at level 42.62
GOLD, Where is the next trade...The next possible Buy Zone is above the Support Level.
If the price will approach fast to the level and show a false breakout we can open Buy with low risk.
Share your thoughts if you have another vision.
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