GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3045 and 3078 due to ema5 lagging behind and a gap below at 3016. We will need to see ema5 cross and lock on either weighted level to determine the next range. We have a bigger range in play then usual.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3241
EMA5 CROSS AND LOCK ABOVE 3270 WILL OPEN THE FOLLOWING BULLISH TARGET
3298
EMA5 CROSS AND LOCK ABOVE 3298 WILL OPEN THE FOLLOWING BULLISH TARGET
3329
BEARISH TARGETS
3205
EMA5 CROSS AND LOCK BELOW 3205 WILL OPEN THE FOLLOWING BEARISH TARGET
3178
EMA5 CROSS AND LOCK BELOW 3178 WILL OPEN THE FOLLOWING BEARISH TARGET
3137
EMA5 CROSS AND LOCK BELOW 3137 WILL OPEN THE FOLLOWING BEARISH TARGET
3108
EMA5 CROSS AND LOCK BELOW 3108 WILL OPEN THE SWING RANGE
SWING RANGE
3077 - 3046
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Commodities
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our week chart idea, which has been playing out perfectly allowing us to track the movement down and trade the movement up.
Prior to last week, we stated that we had no close above 3094 on the weekly candle, which confirmed the rejection. This weeks candle gave the move into the channel half line, just like we stated and provided the support and bounce into 3094 and 3189. We now have a body clos above 3189 leaving a long range/term gap to 3281
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
After completing this chart idea last week, we stated that we wanted to continue to share an update on this, as its still playing out by falling back into the range.
We also stated that whenever we see a breakout outside of our unique Goldturn channels; I always state that, when price does a correction, we look for support outside of the channel top.
- This played out perfectly, and although we saw price break back into the channel, you can see ema5 failed to break into the channel and created a Goldturn just above the channel top, highlighted by the circle, confirming the rejection and bounce into the bullish targets completing the levels above.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. This enabled us to identify the fakeout into the channel using ema5 and gave the confirmation for the bounce.
This chart idea is now complete!. We will now update a new daily mid/long term chart idea next week.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Silver Massive C&H Bull Market 400%+ gains Lifetime opportunity🏆 Silver Market Update (April 13th, 2025)
📊 Technical Outlook Update
▪️Long-term outlook 2weeks/candle
▪️Massive C&H formation in progress
▪️40 USD breakout pending now
▪️PT BULLS 400%+ gains BUY/HOLD
▪️Price Target BULLS 125/150 USD
▪️Bull market still pending
▪️BUY/HOLD now or miss out on gains
📢 Silver Market Update – April 2025
📈Silver is widely used in electronics due to its exceptional electrical and thermal conductivity, making it ideal for various applications, including printed circuit boards, connectors, and contact surfaces.
🚀 It is also employed in devices like touch screens, batteries, and solar panels. Silver's high conductivity, solderability, and resistance to corrosion and oxidation contribute to its popularity in the electronics industry.
THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said we would stick with the NFP move and look for price to continue long looking for our target region 3050-55. We were already in the move with the trades protected, however, on open we did get closed at BE only to be able to get a better entry from the undercut low. After the break of the key level and on the flip we managed to then continue with the move upside completing numerous Excalibur targets as well as our bias and red box targets upside.
I can’t say that was an easy week, the move was huge and thankfully we managed to stay the right side of it guided by the in-house indi’s and Excalibur.
So, what can we expect in the week ahead?
Although further upside is likely, we can’t long here as it’s too dangerous after that stretch last week. So let’s see how the market opens and if the Asia session attempts to test that high again. It’s the first level of 3230 that needs to be watched, support here can push us back upside into the above the key level of 3250-55 which is our ideal level for the hunt. If we can stay below that level we could see a RIP and price attempt the correction many traders are looking for in the early part of the week. The lower levels 3220 need to break as well as then the hurdle of 3210 which will make the correction easier.
Due to low volume news next week, we could see a lot of ranging in anticipation of some geopolitical news which will bring sudden spurts of volume and the movement that we want to see.
3190 is the key level support and also the pattern test region, traders should keep an eye on this level of support for any RIP’s and potential for upside, so if attacked a bounce around there should be on the cards. It’s simply a red box break and close week this week, monitoring the price action and only looking for the longs if we get pullbacks, otherwise, 1-2 decent short opportunities should be enough for the short week.
KOG’s bias of the week:
Bearish below 3265 with targets below 3220, 3210. 3197, 3190 and below that 3170
Bullish on break of 3265 with targets above 3276, 3280, 3285 and above that 3292
RED BOXES:
Break above 3250 for 3255, 3261, 3269, 3275 and 3290 in extension of the move
Break below 3230 for 3220, 3210, 3206, 3195 and 3180 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Potential Reversal in Gold After Completing Widening Formationhello guys!
The 4H Gold/USD chart exhibits a classic Broadening Formation (also known as a Megaphone Pattern), marked by higher highs and lower lows, reflecting increased volatility and market indecision. This pattern is identified with three key swing points on both the upper and lower trendlines:
Point 1 and Point 2 formed the initial boundaries of the pattern.
Point 3, recently touched, completes the structure by testing the upper boundary of the formation near $3,238, suggesting a potential bull trap, as illustrated in the schematic overlay.
just look at:
The price has sharply rallied to the top of the widening pattern, aligning with the third high, often a strong signal for reversal in this setup.
A rejection from this level is anticipated, supported by the bearish projection arrows targeting multiple demand zones.
Bearish Target Zones:
$3,180 – $3,160: Previous consolidation zone.
$3,140 – $3,120: Mid-pattern volume area with past price sensitivity.
$3,060 – $3,040: Major support zone with a strong volume node and previous reaction area.
Volume Profile Insight:
The volume profile shows significant activity in the $3,040 zone, reinforcing it as a major demand area where buyers might step in again.
__________________________
Summary:
This setup suggests a potential bearish correction after a strong upward move. If price action respects the pattern, traders may look for short opportunities from current levels with the outlined targets. Watch for confirmations such as reversal candlesticks or breakdowns of minor support levels.
HelenP. I Gold may make correction and then continue to growHi folks today I'm prepared for you Gold analytics. Following a deep correction that pushed the price down to the support zone between 2975 and 2950 points, Gold made a strong bullish reversal. This zone had already acted as a key accumulation area in the past, and once again, buyers stepped in aggressively. The reaction from support 2 at 2975 points was sharp, with the price bouncing and forming a clear impulse move. As XAU continued to rise, it broke back above the trend line and retested it, turning former resistance into support. Shortly after, the price pushed above the local support zone between 3165 and 3185 points, confirming the strength of the bullish trend. This zone is now acting as a base for further growth. Currently, Gold is trading above the trend line and support zone, holding near the 3230 area. The recent bullish momentum, strong impulse structure, and consistent reaction to technical levels indicate that buyers remain in control. Given the breakout, successful retest, and strength from key support zones, I expect XAUUSD to continue rising toward my goal at 3300 points. If you like my analytics you may support me with your like/comment ❤️
XAU/USD) Bullish trand analysis Read The ChaptianSMC Trading point update
technical analysis of Gold (XAUUSD) on a 2-hour timeframe, with a bullish outlook. Here's a breakdown
1. Trend & Structure:
Uptrend Channel: Price is moving within a clear upward channel, respecting the trendline.
Higher Highs and Higher Lows: Indicates strong bullish momentum.
2. Key Zones:
Key Support Level (Yellow Box): Around $3,158.49 – this is the "safe entry point" if price pulls back.
First Entry Point: Around $3,222.76 – likely a breakout entry above a local resistance.
Target Point: $3,378.01 – a projected bullish target based on continuation.
3. Indicators:
RSI (14): Currently above 70 (overbought zone), but still climbing. There's bullish strength, but a pullback may occur soon.
200 EMA: Positioned below current price, confirming the bullish bias.
Mr SMC Trading point
4. Expected Scenarios (2 Paths):
Bullish Continuation: Price keeps rising, respecting the uptrend and hitting the target.
Pullback and Bounce: Price may retrace to the support zone or trendline, then bounce back up to target.
Summary of Idea:
This is a buy setup:
Buy at breakout above $3,222.76 (First Entry)
Safer buy at $3,158.49 (Support Re-test)
Target: $3,378.01
Watch RSI for pullback clues.
Pales support boost 🚀 analysis follow)
Gold can make correction to mirorr line, after upward movementHello traders, I want share with you my opinion about Gold. After a strong breakout from the support area between 2975 - 3000 points, the price continued moving upward, forming an impulsive rally. This movement brought the asset directly into the upper support area, now acting as resistance, between 3195 - 3170 points. Once inside this zone, the bullish momentum began to slow down. This area also aligns with previous local highs and is showing clear signs of selling pressure. The recent reaction from the top of the zone suggests that the market could be preparing for a pullback. If this reaction develops further, I expect the price to head toward the mirror line, which currently acts as a dynamic support level, located around TP1 - 3120 points. This line has historically served as a key structure level - first as resistance, then flipped into support - and now may once again act as a magnet for price. A retest of this level would not break the overall bullish structure but could provide a healthy correction before the next leg. Considering the sharp push into resistance, the potential loss of bullish momentum, and the nearby structural support at 3120 points, I remain bearish in the short term, expecting a local decline. Please share this idea with your friends and click Boost 🚀
GOLD All Key Levels! Buy!
Hello,Traders!
GOLD is trading in a MASSIVE
Uptrend and the slope of the
Price increase is getting steeper
And steeper which begs a question
Of how sustainable is this growth
In the future, however we are
Still bullish biased as the turmoil
In the markets makes makes Gold
Particularly attractive as a safe
Haven asset and so the next
Target seems to be a strong
Psychological level of 3300$
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis
and important support & resistance levels/zone on Gold for next week.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD Analysis: Will buyers push toward 3,230?OANDA:XAUUSD continues to trade within a clearly defined ascending channel, with price action consistently respecting both upper and lower boundaries. The recent price action suggests buyers are currently in control, indicating the potential for continued upside.
Given the strength of the current bullish momentum, there is a strong likelihood that price may break above the key resistance zone. If that happens, it could come back to retest the level as support before continuing higher. A successful retest would reinforce the bullish structure and open the door for a potential move toward the 3,230 target, which aligns with the channel’s upper boundary.
However, if price fails to break above the resistance zone, it could signal weakening bullish momentum and open the door for a deeper pullback toward the lower boundary of the ascending channel.
Always confirm your setups and manage your risk accordingly.
Best of luck!
[XAU/USD & DXY] – Long-Term Outlook📌 – Long-Term Outlook: Is Gold Entering a New Bull Cycle as USD Weakens?
📊 Technical Analysis – Gold & DXY
The divergence between Gold and the U.S. Dollar Index (DXY) has become increasingly clear:
🔹 Gold (XAU/USD):
Price has broken the previous high at 3,190 and is now testing 3,219 – a fresh all-time high on the daily chart.
The MA13, MA34, and MA200 are showing a perfect “bullish fan” formation, indicating a sustainable uptrend rather than a short-term pump.
The key support zone around 3,164 – 3,118 remains critical for any healthy pullback.
🔻 U.S. Dollar Index (DXY):
Price has decisively broken below the psychological 100.55 support and is now hovering near 99.78.
If DXY fails to hold above 99.7, the next downside target could be 97.5 in the coming quarter.
The technical structure is clearly bearish, confirming USD weakness across the board.
→ This negative correlation aligns with macro expectations: a weaker dollar is fueling gold’s bullish momentum.
🌍 Fundamental Analysis – Macro Drivers
US PPI & CPI both come in lower than expected:
Inflation is showing clear signs of cooling.
Markets are now pricing in a possible rate cut as early as June.
Shift in Fed tone – from hawkish to neutral:
While not officially declared, recent Fed statements have been more dovish, supporting risk assets and weakening the dollar.
Strong safe-haven demand remains:
Geopolitical risks and economic uncertainty continue to push capital into gold, especially as USD enters a weakening phase.
🧭 Long-Term Perspective
Gold is potentially entering a new bull cycle. With consecutive ATH breakouts and favorable macro conditions (falling inflation, expected rate cuts, USD weakness), gold could push to even higher levels into Q2 and Q3.
The USD faces downside pressure in the coming months, especially if the Fed signals a firm pivot toward easing.
⚠️ Strategy Caution
Short-term corrections may occur, especially after such a sharp rise.
However, any pullbacks into key support zones could present strategic long opportunities for longer-term investors.
💬 What’s Your Take?
Is this the beginning of a major bull cycle in gold, or do you expect deeper pullbacks before continuation?
Drop your analysis and charts below! 👇👇👇
XAUUSD – 4H Key Levels Map (as of April 13, 2025)🔍 XAUUSD – 4H Key Levels Map (as of April 13, 2025)
🔼 Key Resistance Zone – 3,275–3,285 (Premium + Weak High Zone)
Why it matters: This is where price reached extreme premium and swept a weak high. It’s also the highest H4 imbalance zone.
What to watch:
Watch for rejection patterns: M5/M15 CHoCH, bearish OB rejections, or RSI bearish divergence.
If price closes above 3,285 with volume and EMA5 lock → watch for bullish continuation and potential new ATHs.
🟦 Mid-Level Liquidity Pocket – 3,221–3,233 (Previous H4 FVG zone)
Why it matters: This zone was the launchpad of the impulsive move. It still holds unmitigated imbalance.
What to watch:
First retest of this zone could offer a bounce.
If broken cleanly → invalidates recent push, opens path to deeper retrace.
Look for M15 CHoCH + bullish OB to validate reentry if we drop here.
🧊 Support Zone – 3,065–3,085 (Previous H4 BOS + FVG)
Why it matters: Clean BOS level where structure flipped bullish. Imbalance is also present.
What to watch:
Major zone for potential retracement buys.
If price rejects here on higher timeframe → signs of continuation.
EMA5/21 alignment above this zone supports bullish momentum.
🔽 Ultimate H4 Demand Zone – 2,958–2,972 (Discount Zone)
Why it matters: Previous accumulation range, massive unmitigated imbalance, and strong HL.
What to watch:
Extreme demand zone — only in case of full market correction.
Watch for long wicks or liquidity grabs with M15/M5 CHoCH confirmation.
✅ Summary:
Gold is still flexing bullish strength, but we’re deep into premium. Don’t rush — let the price talk. If we reject the highs, be ready at 3,221 and 3,065 for potential entries. Stay patient, stay sharp — the clean setups are always worth the wait.
💛 Friendly Note to Fellow Traders:
Take a deep breath, trust your levels, and don’t let FOMO drive your next click. Gold always gives another chance — if not today, then tomorrow. Happy trading, and if this helped, drop a like or comment — we’re all learning this magic together!
USOIL:Trading strategy for next weekThe recent trend of crude oil has been extremely volatile, and the market continues to digest the recent sharp decline. Trump's approach of "suspension plus intensification" has dealt a blow to the global supply chain and the confidence in energy consumption. In the short term, the bullish momentum is somewhat insufficient. The trend at the beginning of the week tends to be fluctuating downward, and it is mainly advisable to take short positions on the rebound following the trend.
Trading Strategy:
Sell@62-61
TP:58-56
The signals last week resulted in continuous profits, and accurate signals were shared daily.
XAUUSD Daily Sniper Plan – April 14, 2025🔥 XAUUSD Daily Sniper Plan – April 14, 2025
📍 Bias: Bearish short-term – price at premium levels
📈 HTF Trend: Bullish unless 3025 breaks
🌍 Macro:
🇺🇸 Trump tariffs + geopolitical instability still looming
Mixed U.S. data: CPI hot 🥵 / PPI weak = confusion → perfect trap setups
Liquidity zones active → both sides could get hunted
🔻 SELL SCENARIO 1 – “Sniper Trap from the Top”
📍 Entry: 3242 – 3248
🛑 SL: 3255
🎯 TP1: 3215
🎯 TP2: 3188
🎯 TP3: 3160
🧠 Why:
Fresh M15 OB + massive liquidity above 3242 swept → expecting rejection
RSI divergence building, M5 confirmation needed
🔻 SELL SCENARIO 2 – “Premium OB Rejection”
📍 Entry: 3260 – 3268
🛑 SL: 3275
🎯 TP1: 3235
🎯 TP2: 3200
🎯 TP3: 3165
🧠 Why:
Final premium OB + unmitigated zone on H1 + imbalance.
Ideal for NY session trap + bearish engulfing rejection.
🟢 BUY SCENARIO 1 – “Reactive Dip”
📍 Entry: 3180 – 3172
🛑 SL: 3165
🎯 TP1: 3205
🎯 TP2: 3230
🎯 TP3: 3250
🧠 Why:
Trendline + OB on M30 + internal structure support.
Needs bullish PA and CHoCH on M5.
🟢 BUY SCENARIO 2 – “Deep Clean FVG Tap”
📍 Entry: 3137 – 3142
🛑 SL: 3129
🎯 TP1: 3180
🎯 TP2: 3205
🎯 TP3: 3240
🧠 Why:
Major imbalance + H1 OB + RSI confluence.
Bullish engulfing or aggressive CHoCH needed on LTF.
📌 Key Zones Recap:
🔺 3248–3268 = Premium sell zone + liquidity trap
🔻 3180 = Internal demand + trendline confluence
🟦 3137 = Strong FVG + H1 OB
⚠️ 3025 = Final HTF support — if broken, expect shift in macro bias
📊 Technical Confluence
✅ SMC: CHoCH and BOS zones active
✅ FVGs: 3137–3145 + 3245–3265
✅ GAPS: Partial fill from 3180–3200
✅ RSI: Divergence above 3240
✅ FIBO: 61.8% zone aligned with 3170–3180
✅ EMA5/21/50/100/200: Price is testing EMA200 on H1
🤝 Final Thoughts
Gold’s premium levels are being tested. The game now is reaction, not prediction. Don’t chase — let price confirm.
🎯 No confirmation = No trade
🧠 Sniper mindset only: clean, high-confluence, risk-controlled.
💬 Engage & Grow Together
🔥 If this plan sharpens your bias, smash the ❤️
🧠 Comment your entries below – let’s discuss setups
🔔 Follow and subscribe for daily sniper drops — stay ahead, stay sharp!
📈 We trade precision, not noise.
XAUUSD - Preparing for Healthy Pullback?Gold has exhibited remarkable strength in recent days, surging from around $2,960 to establish new all-time highs above $3,230. After this vertical move and having reached overbought conditions, the 4-hour chart indicates a likely correction phase is imminent, with price projected to retrace toward the highlighted support zone around $3,160-3,170, which previously acted as resistance. This pullback represents a natural technical rebalancing after such an explosive upward movement and would provide an opportunity to test the market's conviction about the current bull trend. The highlighted lower support zone near $2,960 should contain any deeper corrections, though the immediate focus is on the upper support level as a probable target for this corrective wave before potentially resuming the larger uptrend. Traders should monitor price action around these key levels for signs of stabilization and renewed buying interest.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Heading into 61.8% Fibonacci resistance?WTI Oil (XTI/USD) is rising towards the pivot which has been identified as a pullback resistance and could reveres to the 1st support which is a pullback support.
Pivot: 65.90
1st Support: 54.96
1st Resistance: 71.31
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD Probable BUY 13/04/2025🧠 Technical Analysis – XAUUSD
📊 Chart Overview:
The market is currently consolidating near 3237, within a range-bound structure.
Two major zones are marked for potential entries:
Zone 1 (Near-Term Buy): 3217–3221 (support zone)
Zone 2 (Sniper Buy): 3173–3177 (gape/demand/strong support zone)
📈 Scenario 1 – Bullish Continuation from 3217/21:
If price pulls back to 3217–3221 and shows bullish confirmation (e.g., bullish engulfing, rejection wick), a buy setup can be triggered targeting:
TP1: 3237 (intraday resistance)
TP2: 3245 (supply/previous high)
Stop Loss (SL): Below 3210 for safe protection.
📉 Scenario 2 – Deep Rejection & Buy from 3173/77:
In case of a deeper retracement, price may wick down to 3173–3177, which is a high-probability sniper buy zone due to:
Previous strong bullish reaction from this level
Clean structure for liquidity grab
Entry here gives excellent risk-reward targeting the same levels:
TP1: 3219
TP2: 3245
SL: Below 3156 (wide but optimal for structure).
Like, follow, and share.
GOLD Bull Market Price Target is 7 500 USD accumulate on dips🏆 Gold Market Long-Term Update 12/24 months
📊 Technical Outlook Update
🏆 Bull Market Overview
▪️2weeks/candle price chart
▪️Gold Bull market in progress
▪️1976/1979 650% gains - Bull Market 1
▪️1999/2012 650% gains - Bull Market 2
▪️2016/2027 650% gains- Bull Market 3
▪️Price Target BULLS 7500 USD
▪️650% gains off the lows
▪️will hit in 2026/2027
⭐️Recommended strategy
▪️BUY/HOLD accumulate dips
▪️BUY/HOLD physical gold
▪️BUY/HOLD GLD/GDX
Bearish reversal?The Silver (XAG/USD) is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 32.82
1st Support: 30.90
1st Resistance: 34.56
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?COPPER has broken out of the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 4.4701
Why we like it:
There is a pullback resistance level.
Stop loss: 4.3024
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Take profit: 4.7893
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
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