Gold long.I am in going long. I explained in last nights video what I wanted to happen and it has happened.
Commodities
XAUUSD: 10/12 Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2580
Four-hour resistance 2683-2700, support below 2643-37
Gold operation suggestions: In the Asian market on Tuesday, gold fluctuated in a narrow range, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, as the People's Bank of China resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand. China's resumption of purchases may support investor demand in the country. In 2023, China was the world's largest official buyer of gold, but the People's Bank of China suspended purchases for 18 consecutive months in May. Strong buying by central banks is also a major support for gold's record gains this year. Another factor to note is the outlook for monetary easing by global central banks. The US November NFIB Small Business Confidence Index will be watched today. The market expects it to be bearish for gold prices, but before the release of this week's heavyweight data such as CPI, any data will have limited impact, and continue to operate based on the current technical aspects.
From the current 4-hour trend analysis, we focus on the 2683-2700 line pressure on the top, and the 2654 line short-term support on the bottom. In terms of operation, we maintain the main tone of going long. At present, the 2637-2627 weekly and daily support levels have been supported. We continue to be bullish and are expected to reach the 2700 mark this week.
BUY:2660near
BUY:2654near
(Just go long on dips, not necessarily according to my points, as long as you do it above the daily and weekly support)
Silver Set for Rebound: A Promising Long Position StrategyAs we transition from November to December, silver is showing signs of a potential rebound, having touched the demand zone for the second time. This trend indicates an opportune moment for exploring long positions in the market.
Our analysis is reinforced by the latest Commitment of Traders (COT) report, which suggests a favorable sentiment among traders, aligning with our forecasting models. The current pricing dynamics indicate a strong setup for entering long positions as we anticipate continued upward movement.
Investors should keep a close eye on market developments and consider leveraging this momentum for potential gains. The combination of demand zone retests and supportive trader sentiment presents a promising outlook for those looking to capitalize on silver's price movement in the coming weeks.
✅ Please share your thoughts about SILVER in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Here’s why gold exploded, trading strategiesIn the Asian market on Tuesday, gold fluctuated in a narrow range and is currently trading around 2667, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, because the Chinese central bank resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand.
It should be reminded that the US dollar index and US Treasury yields rose slightly, which made gold bulls still cautious. The price of gold is still in a range of nearly two weeks. Before the release of US CPI data on Wednesday, gold may still maintain a volatile trend. This trading day will also usher in the Reserve Bank of Australia's interest rate decision, and investors also need to pay attention.
Gold surged and fell back in the late trading. It is expected that today it will be corrected before it can further test the sideline and upper line again. From the channel point of view, this wave of rebound has not shown a signal of turning bearish in the daily chart, so it is still a priority to buy at a low price! The daily support is around 2644. However, the support in the Asian session is around 2654!
Under the stimulation of risk aversion, gold finally fluctuated upward. Yesterday, gold rose to 2676 in the US market and fell back in the short term. Gold fell as expected, but the decline in gold was not large. Bulls began to accumulate momentum to rise. Gold fell back in the Asian session and went long!
Gold crossed the 1-hour moving average. If all the moving averages diverge upward, then gold still has room to move upward. The 1-hour moving average support of gold moved up to the 2644 line. Gold can enter the market near 2654 first.
First support: 2654, second support: 2644, third support: 2632
First resistance: 2676, second resistance: 2688, third resistance: 2700
Trading strategy:
BUY: 2652-2654
SELL: 2676-2678
Turbulent Times Ahead for Natural Gas MarketNatural gas prices began the week with a gap-up, driven by forecasts of colder weather increasing demand, but have since faced strong selling pressure, making traders cautious.
◉ Technical Analysis
● A bullish turnaround seems imminent for Natural Gas prices, highlighted by the appearance of an Inverted Head & Shoulder pattern on the daily chart.
● After breaking out, the price momentarily reached the $3.290 resistance level before retreating and revisiting the breakout point.
● The price is now attempting to breach the resistance zone again, with expectations of exceeding the level soon.
● However, a drop below $2.800 could trigger a further correction.
◉ Overall Outlook
Natural gas prices are poised for a volatile week as traders weigh colder weather expectations against bearish technical signals. Thursday's inventory data will be crucial in determining the next price move.
The Bullion on the Rise Again📊 FX:XAUUSD Gold (XAU/USD) Weekly Market Update
Hey traders,
While I couldn’t prepare our usual video analysis, here’s a detailed breakdown of the Gold market alongside chart snapshots.
Last week, Gold revisited the 2615 level, near the 38.2% Fibonacci zone , which turned out to be yet another bear trap. Many shorts got liquidated, as seen in the surge in short volume.
Thanks to our strategy, we stuck with the trend, entering at 2629 . We’re now running a strong 400 pips Open P/L , with Gold currently heading towards the 26.2% Fibonacci zone.
🔑 Key Levels to Watch:
Minor resistance expected at 2685 and 2710 before reaching the 2750 target profit.
🔍 Fundamental Backup to Our Trade:
1️⃣ Geopolitical Tensions:
Escalating Middle East instability: Rebel forces ousted President Bashar al-Assad in Syria, heightening fears of broader regional uncertainty.
Safe-haven demand for Gold surged as investors sought security amidst these developments.
2️⃣ China's Gold Purchases:
China's central bank resumed gold acquisitions in November after a six-month break, providing additional bullish momentum.
3️⃣ Dovish U.S. Monetary Policy:
Friday’s U.S. jobs report indicated softening labor market conditions, fueling expectations for a 25-basis-point rate cut at the Fed’s final meeting this year.
Lower interest rates enhance Gold’s attractiveness as a non-yielding asset.
🔮 Potential Scenarios:
Bullish: Sustained geopolitical instability and dovish monetary policy may drive Gold above the 50-period SMA (~$2,678) and closer to our target.
Bearish: A reduction in geopolitical risk premium or sticky inflation could pressure Gold toward the 100-period SMA (~$2,586)- very unlikely.
Stay sharp, watch these levels, and trade smart! 💡
🧠 Let’s Collaborate!
What’s your take on GOLD this week? Share your ideas and charts below in comment. Let’s discuss whether we’re headed to new highs or revisiting support levels!
Cheers,
The NFX Team™ 💚
+140 pips The Best Level to BUY/HOLD EURUSD swing trade🔸Hello traders, let's review the 1hour chart for EURUSD today.
Overall, strong price chart with sequence of higher lows in progress.
🔸Clearly defined set of overhead resistances and supports below
market price with liquidity distributed equally among buy side
and sell side order blocks.
🔸Primary pattern / structure is 3 drives in progress, expecting
a final pullback to trigger OB liquidity at/near 0510/0520 before
bullish reaction and final push (3rd drive).
🔸Recommended strategy for EURUSD traders:no trade recommended
at current price, however bulls should enter BUY/HOLD at/near 0510/0520 SL 30 pips TP1 +70 TP2 +140 final exit at 0640. Bears should
wait for further updates and get ready to short from sell side order
blocks near 0640/0660 S/R zone. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
XAUUSD shortGold in the short term and on the 1-hour timeframe as a risky move (since it goes against the main trend).
USOIL | 4-HOUR TIMEFRAME | TECHNICAL CHARTHello guys, I made TVC:USOIL analysis for you. Please support me by pressing the like button on my analysis.
Stay with love guys.
WTI Oil H4 | Falling to multi-swing-low supportWTI oil (USOIL) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 66.90 which is a multi-swing-low support.
Stop loss is at 66.23 which is a level that lies underneath the 127.2% Fibonacci extension level.
Take profit is at 68.51 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SILVER Will Go Lower! Short!
Please, check our technical outlook for SILVER.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 31.898.
Taking into consideration the structure & trend analysis, I believe that the market will reach 31.450 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 31.169.
✅LIKE AND COMMENT MY IDEAS✅
gold simple level before big cpi newsgold price again flying on the news of china central bank gold buying since monday market open
while market totally ignored strong nfp, rising cpi number and overheating financial market
if white line and yellow horizontal level both at same place breakout at the same time
technically it will be big bullish signal and investors will buy more
if fail to breakout than sideway range correction can continue until fomc
Bearish drop?WTI/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 68.74
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retraecment.
Stop loss: 70.41
Why we like it:
There is a pullback resistance level.
Take profit: 67.09
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off overlap support?The Gold (XAU/USD) is reacting off the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 2,657.39
1st Support: 2,618.57
1st Resistance: 2,708.74
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.
GOLD--> Consolidation. Waiting for new move to change trend.OANDA:XAUUSD mild fluctuations on Friday and a second consecutive weekly decline were recorded. Accordingly, the precious metal lost approximately 0.5% this week, after hitting its lowest level since November 26 at the start of the trading session.
So, do you wonder what factors have impacted XAUUSD?
Talking About Influencing Factors:
The sentiment among short-term traders and technical positioning in the gold market has clearly cooled, with efforts underway to find momentum to improve sentiment in the short term.
Throughout the day, gold showed little reaction to the much-anticipated employment data of the week. The latest report revealed that although job growth remains relatively stable, cracks in the U.S. labor market have begun to emerge, suggesting potential vulnerabilities.
Regarding U.S. monetary policy, midweek, Fed Chair Jerome Powell noted that the U.S. economy is stronger than it was in September and adopted a more cautious stance regarding rate cuts. According to the CME Group's FedWatch Tool, with two rate cuts already this year, traders predict a 68% probability that the Fed will cut rates by another 25 basis points at its December 17–18 meeting. Theoretically, it remains unclear whether gold can sustain an uptrend as prices approach a strong resistance level.
Talking About Technicals:
Gold is currently in a sideways trend, so we are considering trading within the range's boundaries. Our focus is on the local channel from H1 2660 - 2615. At this point, gold is heading toward the upper zone of interest. A false breakout of the main resistance zone and price consolidation in the selling area may lead to a price decline toward the lower boundary of the sideways range.
Assess, share your thoughts and questions, and let’s discuss what’s happening with OANDA:XAUUSD :))
GOLD increased in the short term, approaching an important levelOn the Asian market, OANDA:XAUUSD Spot delivery suddenly increased sharply in the short term. Gold price is once again close to the edge of the price channel, a relatively "dangerous" position for technical bearish expectations. Currently the increase is about 7 USD during the day and gold is trading at 2,667 USD/oz as of the time this article was completed.
OANDA:XAUUSD spiked on Monday, mainly due to the People's Bank of China resuming gold purchases after a six-month pause and significantly increasing market expectations that the Federal Reserve will cut interest rates next week , further promoting optimism.
Heavy central bank buying has been one of the main drivers pushing gold prices to new highs this year, along with monetary policy easing and geopolitical tensions.
CME Group's "FedWatch Tool" shows an 87% chance the Fed will cut interest rates by 25 basis points next week, up from just under 70% last week.
Zero-coupon gold performs strongly in low interest rate environments and often attracts investors during times of political and economic uncertainty.
Analysis of technical prospects for OANDA:XAUUSD
The current position of the technical price of gold in general has not broken the bearish outlook with the price channel still holding strong, however, gold also has initial conditions for the possibility of price increase.
With EMA21 now the closest support having been broken above yesterday's trading session. Meanwhile, the RSI Relative Strength Index is also trying to move above the 50 level. The fact that the RSI can maintain operations above the 50 level is considered a positive signal for the bullish outlook.
During the day, the technical outlook for gold prices is still quite neutral as it is not completely tilted towards a specific trend, with the price channel still being the current main trend. In case the price channel is broken on gold there is a slight upward trend with the target then around 2,693 USD the price point of the 0.382% Fibonacci retracement, more than the original price of 2,700 USD.
Along with the above analysis, notable points will be listed as follows.
Support: 2,663 – 2,644 – 2,634USD
Resistance: 2,676 – 2,693 – 2,700USD
SELL XAUUSD PRICE 2686 - 2684⚡️
↠↠ Stoploss 2690
→Take Profit 1 2679
↨
→Take Profit 2 2674
BUY XAUUSD PRICE 2644 - 2646⚡️
↠↠ Stoploss 2640
→Take Profit 1 2651
↨
→Take Profit 2 2656
XAUUSD H4 | Bullish Bounce off 50%?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 2646.97, which is a pullback support close to the 50% Fibo retracement.
Our take profit will be at 2674.41, a swing high resistance close to the 61.8% Fibo retracement.
The stop loss will be placed at 2625.70, which is a multi-swing low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Oil prices rebound on expectations of Chinese economic stimulus
Oil prices rebounded as Chinese authorities demonstrated their strong will to stimulate the economy. Chinese authorities announced that they will continue to respond to the economy with a more active fiscal policy, focusing on expanding domestic demand and stimulating consumption. Meanwhile, Aramco announced it would cut its OSP for Asian refineries to 90 cents lower per barrel. This is the lowest since Jan 2021, when global demand was weak due to the pandemic.
USOIL briefly broke below the support at 67.60 but rebounded, compensating some of the decline. However, the price stays within the downward channel, maintaining bearish momentum. If USOIL breaks below 67.60 again and the channel’s lower bound, the price may fall further to 64.80. Conversely, if USOIL breaches above EMA78 and the channel’s upper bound, the price could gain upward momentum toward the 70.00 threshold.
GOLD is setting up for a Play! We not trying to miss!Been waiting on price to break outside of value. It finally moved outside of it and is now starting to accept higher prices. So we are looking for the bulliishness to continue. we share wait for the Killzones for proper entry!
An Update For MY Followers Hey Everyone
Wanted to quickly update everyone as I have been MIA the last two weeks working on a really cool project to create even more value for everyone. I will be back in action tomorrow, so if you have any assets you want me to analyze let me know and I will do that for you. Secondly if you are wanting to increase your wellness and your trading send me a DM.
Hope everyone has a awesome day and I will see you tomorrow
Kris / Mindbloome Exchange
Trade What You See
