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XAUUSD Retrace or Reverse?As you see in the 4H time frame, price could not break the support zone and was pushed to the upside and pulled back to 1850. The main trend is still bearish but we don’t know know if the downtrend has reversed or price is in the correction phase. So, we should wait for the price reaction to the next resistance level around 1865: If price breaks this resistance level and closes a bullish 4H candle above it, I expect more upside move around 1888. On the other side, if price gets rejected from the red resistance level and closes a bearish candle below it as a sign of rejection, I expect the continuation on the bearish move around 1820 which is support area and in the case of a downside breakout on this zone, the next target would be around 1790.
FX:XAUUSD
by Mahtab_Tradia
9
XAUUSD Will Visit 1790?We have seen a significant drop on XAUUSD in the past few weeks, and as I expected in my previous analysis, price hit the targets. We can see the bearish structure and the sharp downtrend in higher time frames. Price could break the support level at 1850 and closed bearish candles below that level. Currently, it seems like price is doing some retrace and maybe it pulls back around 1850 for a retest. The next support zone for price is around 1820-1824 and if price breaks this support area and closes a bearish candle below this zone, I expect more drop on XAUUSD around 1790 which is a support level.
FX:XAUUSDShort
by Mahtab_Tradia
6
USOIL Downside MoveAs you see in the 4H time frame, we are in a downtrend and price is moving inside a triangle pattern . We can see that price is rejected from the triangle upper side and failed to break the last major high. Currently, Price has broken the little ascending trend line and has been fixed below the trend line. It has pulled back strongly to the broken trend line and we should wait to see if it can break the last low for further drop. Moreover, we can see negative divergence on MACD . Although price has made a higher high inside the triangle, MACD could not. If price breaks the last low, I expect a fall on USOIL to retest the triangle lower side.
TVC:USOILShort
by Mahtab_Tradia
2
XAUUSD Still BearishXAUUSD is facing a strong downside pressure these days and as you see in the daily time frame, price has made a lower high. Currently, price is approaching to the yellow support zone around 1890-1888 which has pushed it to the upside in the past. But, since we are facing a bearish pressure and we have a downside structure, there is a high probability of the downside breakout on the support zone snd in the case of a bearish candle closure in lower time frames like 4H or 1H, we can expect more drop on XAUUSD around 1850.
FX:XAUUSDShort
by Mahtab_Tradia
9
DJI potential for dip! | 11th April 2022Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our sell entry at 34895.37 which is an area of Fibonacci confluences towards our Take Profit at 34172.18 in line with 78.6% Fibonacci Projection . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:DJI
by FXCM
1
TRADE OF THE WEEK | Great Investment That Paid Off 💰 Hey traders, At the beginning of January, we spotted together a great short-term investment opportunity on Natural Gas. Buying major weekly structure support we were expecting a strong bullish wave to a current high. Our confirmation was a double bottom formation on a daily time frame. We bought the retest of its neckline. Finally, the goal is reached. Patience pays traders. ❤️Please, support this idea with like and comment!❤️
NLong
by VasilyTrader
17
XAUUSD Bearish PressurePrice is bouncing in the ascending parallel channel as a correction and retrace, and as you see in the 4H chart, it was rejected from the channel’s upper side. Currently, we can see a strong bearish push on price. The main trend is bearish and price is in the correction phase. There is a support level at 1940, and if price breaks this level, I expect a fall towards the channel’s lower band around 1925, and in the case of a downside breakout on the channel, the next target is around the next major low near 1900 and 1895
FX:XAUUSDShort
by Mahtab_Tradia
13
XAUUSD: Making Ascending ChannelAs we saw last week, XAUUSD dropped significantly after the big growth. Currently, price is making an ascending parallel channel with two touches on the lower band and one touch on the upper side (it need the second touch on the upper level to make channel valid) We can see an upside push and rejection from the trend line: If price breaks the red resistance level at 1944 and a bullish candle closure above this level, we can expect a rise on the XAUUSD around 1974 which is also the channel’s upper side.
FX:XAUUSDLong
by Mahtab_Tradia
11
NG Sideways ZoneAfter a significant rise as a result of war, price has approached to the resistance level at 5.000 which has pushed the price for several times in the past. Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area. We should wait for the breakout on the resistance or support level first, then in the case of a candle closure above or below the broken level, we can expect a move towards the target.
N
by Mahtab_Tradia
6
Multi Year Breakout in Silver. A New Bull Run?Silver Micro Futures has broken out from a triangle pattern with good volumes. It has been correcting under the same for nearly 560 Days. Due to geopolitical tensions, commodity prices are expected to rise. This could mark a bull run in Silver. Resistance is marked in Red. So it would have to take out the supply area to continue Rallying. Even Though This could be the start of a bull run in silver, I would like to make a small and quick profit from the bullishness. Buy @ 68888 Target @ 74757 Stop Loss @ 65466 Risk Reward Ratio 2:1 As it has broken out from a year-long correction we can expect silver prices to go higher after taking out Major Resistances. Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
MCX:SILVERMIC2!Long
by tradewidmufeeth
Crucial moments for BTCUSD -- Will we see 30k ever again?Wow, we are in some critical times in BTC's history! To keep it as simple as possible; we are looking for price to show the signs of the beginning form of a "higher low" when we look at our monthly (+) timeframe. It is also important to see the pressure that is currently placed on the buying side of the channel of the downtrend we see when looking at the weekly chart (-). A break from this channel + further confirmation on intraday timeframes would begin demonstrating further the nature of the beginnings of a higher low when going back to the monthly candlestick view. These are places where new investors and patient traders are very likely to put their money where their mouth is. "Where there is buyers, there are sellers.", meaning that this chart is showing potential areas for volatility. I personally find that its best to remain neutral (as a trader), and allow the market to break key areas and trendlines first before making a properly managed risk. I own Bitcoin, and I trade it also. I am publishing a 1H chart to show how important a close can be on a low timeframe, but the reality is that any serious player in the game is looking at price movement from a much larger one. You can find other perspectives and larger timeframe chart analysis' regarding Bitcoin in my previous publishings. Critique my work! Let me know your thoughts in the comments section, and tell me what you think Bitcoin is going to do in the coming weeks. Be sure to like my page and follow me for more market ideas and chart analysis. As always, happy trading and good luck!
BITSTAMP:BTCUSD
by Bobbyusesfib