Gold XAUUSD Possible Move June 4 2025📝 Market Outlook – June 4, 2025
3344–3348 support has held well recently, showing consistent demand. As long as price stays above this zone, I’ll maintain a bullish bias.
📈 Trade Signal
Bias: Buy
Entry: 3344–3348
SL: Below 3335
TP1: 3360
TP2: 3375
TP3: 3385
Note: Setup invalid if price closes below 3340 on 15m or higher.
Commodities
USOIL Will Grow! Buy!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 62.890.
Taking into consideration the structure & trend analysis, I believe that the market will reach 68.865 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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SILVER – The Technicals Are Clear, The Fundamentals Are LoudEntry: $32.978
Current Price: $34.52
Target: Still in play, short-term and long-term upside remain
Technical Outlook:
Silver has maintained bullish structure after a clean breakout from the $32.9 zone.
- Higher lows continue
- Bullish momentum intact
- Watching $35 as next key psychological level
- Break & retest = next leg up
Short-term resistance at $35.20, if price holds above this zone, I expect continuation toward $38–40.
Long-Term Price Forecasts:
- Investing Heaven: $48–50 by 2025, up to $75 by 2027
- JPMorgan / Citi: $38–40
- Fixed supply vs. growing demand = long-term bullish imbalance
Why Silver Could Outperform (Fundamentals):
AI Boom → High silver usage in electronics
Green Energy → Critical in solar panels & EVs
Industrial Demand ⬆ while supply remains capped
This is more than a chart pattern, it’s a macro thesis with technical validation.
Trading Psychology Insight:
Most traders get shaken out before the move completes.
The real challenge isn’t spotting the setup, it’s holding through the noise.
Patience is a position.
Discipline is your edge.
I’m still holding not from hope, but from trust in my process.
Levels I’m Watching:
Break of $35 with volume = bullish confirmation
Failure to hold = possible retest near $33.8–34 zone
Long-term: Gradual climb with dips to accumulate
Agree? Disagree? Let’s talk in the comments.
If you want me to post the next phase of this trade with updates + psychology notes, drop a "Comment"
GOLD Intraday Update for 5 June 25as you can see that we already captured nice move since yesterday from 3345 to 3383
for market trading range is 3350-80 if market successfully breaks 3390 then it will move towards 3400 or even 3420
below 3350 it will move towards 3335 level
Disclaimer: Forex is Risky
Gold price fluctuates before NFP data, be careful📰 Impact of news:
1. European Central Bank deposit facility rate in the eurozone as of June 5
2. Initial jobless claims data
3. Non-farm payroll data
4. Worsening geopolitical situation
📈 Market analysis:
Since the release of ADP data last night, gold prices have been rising all the way, reaching a high of around 3382, which is in line with the expected resistance of 3385-3395 we saw yesterday. Currently, the bulls are stable above 3330, and the gold price is still in a bullish trend on the daily chart. Although the current market is in a state of consolidation, there is a possibility of a surge and fall in the short term. Only after a negative line correction occurs, it may continue to be bullish. In short-term trading, pay attention to 3385-3395 on the top and the opportunity to retreat to 3365-3355 on the bottom. Pay attention to data such as initial jobless claims and tomorrow's non-agricultural data.
🏅 Trading strategies:
BUY 3365-3355-3345
TP 3370-3380-3400
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
GOLD trades around target of 3,371 USD, positive outlookOANDA:XAUUSD rose significantly, retesting the $3,371 target as weak US economic data and a weaker dollar were the main reasons for the rise in gold prices.
The market is also struggling to cope with growing political and economic uncertainties.
OANDA:XAUUSD recovered from yesterday's session low of $3,343/oz after ISM and ADP reports confirmed a slowdown in the US economy. Meanwhile, US President Donald Trump signed an executive order to increase tariffs on steel and aluminum from 25% to 50%, effective from June 4, escalating trade tensions.
Federal Reserve officials remain cautious on easing policy; markets await initial jobless claims and nonfarm payrolls data for further policy clues.
The first major data release on Wednesday, the ADP jobs report, dubbed the “mini-nonfarm,” showed the number of private jobs created in the United States was the lowest in two years.
Payroll processor ADP reported on Wednesday that private-sector job creation nearly stalled in May, hitting its lowest level in more than two years amid signs of labor market weakness.
Jobs increased by just 37,000 in the month, down from a revised 60,000 in April and below Dow Jones' forecast of 110,000.
This was the lowest monthly job gain since March 2023, according to ADP statistics. Following the ADP private sector jobs report, US President Trump immediately urged Federal Reserve Chairman Powell to cut interest rates in a furious manner.
Trump posted on Truth Social: "ADP data is out!!! Powell, who is 'too late', must cut interest rates now."
Trump's order to double tariffs on steel and aluminum imports has taken effect, and the White House has confirmed rumors that it has asked trading partners to submit their "best offer" by Wednesday to avoid higher tariffs.
Gold is considered a safe haven from political and economic uncertainty and typically performs well in low-interest-rate environments.
This Friday, the US Bureau of Labor Statistics will release its highly anticipated non-farm payrolls data, with markets expecting 125,000 new jobs and the unemployment rate to remain unchanged at 4.2%.
Technical Outlook Analysis OANDA:XAUUSD
Gold continues to hit the first bullish target of note to readers in the past 2 weeks at $3,371, the price point of the 0.236% Fibonacci retracement.
Currently, gold is also trading around this level, with price action above $3,371 opening the door for a new bullish outlook and the next target around $3,400 in the short term.
In terms of momentum, gold still has a lot of room to rise as the RSI is operating above 50 pointing upwards but still far from overbought territory, which should be considered a bullish signal in the coming trading session.
There are no technical factors that suggest the possibility of a decline becoming a specific trend, the declines as long as gold remains within/above the price channel should only be considered as a short-term correction or a buying opportunity. Meanwhile, the nearest support is the confluence of the EMA21 with the 0.382% Fibonacci retracement and the short-term trend is highlighted by the price channel.
Finally, the bullish outlook for gold prices during the day will be highlighted by the following positions.
Support: 3,350 – 3,326 USD
Resistance: 3,400 – 3,435 USD
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
→Take Profit 1 3404
↨
→Take Profit 2 3398
BUY XAUUSD PRICE 3299 - 3301⚡️
↠↠ Stop Loss 3295
→Take Profit 1 3307
↨
→Take Profit 2 3313
GOLD BEARS ARE STRONG HERE|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,372.81
Target Level: 3,223.59
Stop Loss: 3,472.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Gold Stable Amid U.S. Data, Trade Tensions: XAUUSD TradesGold is trading steadily in the early morning session in Asia, supported by weak U.S. economic data released overnight. Service sector activity unexpectedly declined in May, while ADP data showed 37,000 jobs created, marking the slowest private sector hiring pace in over two years. Quasar Elizundia from Pepperstone stated in an email that this data has bolstered gold’s appeal as a safe-haven asset. The research strategist added that the international environment is also favorable for gold, noting trade tensions between the U.S. and China. Spot gold remained nearly unchanged at $3,374.86/oz.
Trading Strategies for XAUUSD
SELL XAUUSD around the 3390-3392 area
- SL: 3397
- TP1: 3385
- TP2: 3380
- TP3: 3374
BUY XAUUSD around the 3346-3348 area
- SL : 3340
- TP 1: 3352
- TP 2: 3356
- TP 3: 3361
Note: Always set a Stoploss in all cases to stay safe.
Disappointing ADP Data Draws Buyers Back to GoldGold surged to around $3,373/oz today, rising over $22 compared to the same time yesterday, after weaker-than-expected U.S. jobs data sparked fresh demand for safe-haven assets.
According to ADP, the U.S. private sector added just 37,000 jobs in May—far below the 115,000 forecast and April’s 60,000. The sharp slowdown in hiring suggests growing cracks in the U.S. labor market.
This soft data has fueled expectations that the Federal Reserve may soon cut interest rates. With rising concerns over economic slowdown and global uncertainty, investors are increasingly turning to gold for protection.
With strong fundamental support, gold’s bullish momentum looks set to continue in the short term.
XAUUSD M30 I Bullish Bounce Off Based on the M30 chart analysis, the price is falling toward our buy entry level at 3360.09, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 3385.09, an overlap resistance.
The stop loss is placed at 3344.31, a swing low support.
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.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAU/USD) Technical analysis Read The captionSMC trading point update
Technical analysis of Gold (XAUUSD) on the 1-hour timeframe. Here's a breakdown of the key ideas in the analysis:
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Chart Elements:
Support Level (Yellow Zone at ~3,340–3,350):
This area has been highlighted as a key support zone where price has bounced previously.
Price is currently hovering just above this level.
Downtrend Line:
A descending trendline is drawn, indicating a short-term bearish trend.
A breakout above this line could trigger bullish momentum.
Two Scenarios Outlined:
Bullish Scenario:
If price breaks the downtrend and holds above support, it may rally towards the upper target point at 3,419.68.
Bearish Scenario:
If price breaks below the support, the next target point is marked lower around 3,300.62, a previous consolidation area and close to the 200 EMA (blue line).
200 EMA (~3,324.72):
Acts as dynamic support. If price moves below it, bearish sentiment may increase.
RSI (Relative Strength Index):
RSI is neutral (~50.54), not showing overbought or oversold signals, leaving room for movement in either direction.
---
Key Takeaways:
Neutral-Biased Setup: The price is consolidating between a clear support level and downtrend resistance.
Confirmation Needed: A breakout from either direction is necessary to confirm the next move.
Bullish Breakout: May lead to a retest of highs at 3,419.68.
Bearish Breakdown: Could push the price toward 3,300.62, aligned with past support and the 200 EMA.
Mr SMC Trading point
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Trading Ideas (based on this analysis):
Long Entry: On breakout above the downtrend line + confirmation above 3,360.
Short Entry: On breakdown below 3,340 with strong volume.
Stop-Loss: Just outside the consolidation zone depending on trade direction.
Risk Management: Be cautious around economic news (calendar icons shown suggest upcoming events).
Please support boost this analysis )
XAGUSD H4 I Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 33.61, a pullback support.
Our take profit is set at 34.71, a pullback resistance.
The stop loss is placed at 32.60, a swing low support.
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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GLD Swing Trade Setup – 6/18 $320 Call for 5–10 Day Breakout Mov🟡 GLD Swing Trade Setup – 6/18 $320 Call for 5–10 Day Breakout Move
📅 Trade Date: June 4, 2025 | 📈 Timeframe: 5–10 Day Swing
🎯 Playing a bullish continuation with defined risk & strong confidence
🧠 Multi-Model Consensus
Model Bias Strategy Strike Entry PT SL Confidence
Composite Mod. Bullish Long Call 320 1.68 2.52 0.84 75%
🔎 Technical & Sentiment Overview
Weekly Chart: Price > EMAs, clean bullish MACD crossover
15-min Chart: Consolidating near $311–$313 support, breakout forming
Sentiment: Bullish news tailwinds (gold demand, USD weakening)
Max Pain: $308 = short-term pullback risk
Implied Volatility: Stable with limited crush risk
Options Flow: Moderate OI build in $313–$325 calls, upward bias
🎯 Trade Setup – Long GLD Call
Instrument: GLD
Direction: CALL (LONG)
Strike: $320.00
Expiry: 2025-06-18
Entry Price: $1.68
Profit Target: $2.52 (50% gain)
Stop Loss: $0.84 (50% loss)
Size: 1 contract
Entry Timing: Market open
Confidence: 75%
⚠️ Risk Management & Considerations
🛑 SL Discipline: Exit if premium drops to $0.84
🕒 Time Stop: Exit within 7–10 days if trade stagnates
🔁 News Risk: Watch for economic releases and dollar strength reversals
⚖️ Support Check: Must hold $310.50 zone on M15 chart
✅ Trade Thesis Summary
With GLD holding bullish structure on higher timeframes, models show strong agreement on upside continuation. We're targeting the $320 breakout with a controlled-risk weekly option.
GOLD REVERESED! Looking for the breakout!We got some news Tuesday that shifted the direction of the pullback and now looking like we might just break out. if we can make it above yesterdays highs and closed on the H4 then I think it will be safe to look for higher levels. but if it breaks down from here then we could still see it reach for Liquidity. We just have to be patient in waiting for price to show its hand.
WTI Oil H1 | Overlap support at 61.8% Fibonacci retracementWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 61.52 which is an overlap support that aligns close to the 61.8% Fibonacci retracement.
Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support.
Take profit is at 63.76 which is a multi-swing-high resistance.
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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Ascending triangle on gold: $3,280 or $3,560 next? Gold has climbed following softer-than-expected US economic data, which has strengthened speculation for at least two Federal Reserve rate cuts this year. ADP employment figures showed just 37K new jobs, well below the 111K forecast.
President Donald Trump, posting on Truth Social, called on “too slow” Fed Chair Jerome Powell to cut rates immediately.
The repeated tests of the $3,400 level suggest that selling pressure at this zone could be weakening. Lower interest rates tend to support gold prices, as the metal offers no yield. However, a daily close below the recent swing low of $3,280 would undermine the pattern.
Bullish continuation?The Gold (XAU/USD) has bounced off the pivot and could potentially rise to the 1st resistance.
Pivot: 3,348.00
1st Support: 3,285.23
1st Resistance: 3,436.17
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.
The latest gold trend analysis strategy on June 4:
1. Analysis of core driving factors
Short-term bearish factors
The dollar rebounded: the US dollar index rebounded from a 6-week low, suppressing gold prices.
Risk sentiment warmed up: risk assets such as stocks rose, weakening safe-haven demand, and some longs took profits and left the market.
Medium- and long-term bullish support
Geopolitical risks (no progress in the Russian-Ukrainian conflict, escalating Sino-US trade frictions)
Federal Reserve dovish expectations
US fiscal deficit expansion (long-term weakening of US dollar credit, good for gold)
Key event guidance
Friday's non-agricultural data: If the employment data is weaker than expected, it may strengthen the Fed's expectations of rate cuts, which is good for gold; on the contrary, if the data is strong, the US dollar may rebound and gold will be under pressure.
2. Technical key signals (1-hour chart)
✅ Moving average system: 1-hour MA5/MA10 golden cross, short-term trend is bullish.
✅ Key support: 3333 (strong rebound after Tuesday's pullback, long defensive position).
✅ Key resistance: 3370-3380 (if broken, it will go up to the 3400 psychological level).
⚠️ Risk warning: If it falls below 3350, it may fall back to the support zone of 3330-3320, and we need to be alert to the weakening trend.
III. Today's gold trading strategy
1. Main strategy: long on pullback (follow the trend)
Ideal entry point: 3320-3325 (intervene after confirming support after falling back).
Stop loss: below 3310 (to prevent false breakthroughs).
Target: 3370-3380 (first target), look at 3400 after breaking through.
2. Secondary strategy: short on rebound (cautious operation)
Trigger condition: the price touches 3380 for the first time and there is a stagflation signal (such as a long upper shadow line, MACD top divergence).
Stop loss: above 3385 (strict risk control).
Target: 3360-3355 (quick entry and exit).
4. Change signals that need to be paid attention to
Break above 3380: It may accelerate to 3400, and short orders should be avoided.
Falling below 3340-3350: Be wary of a waterfall-like plunge and pay attention to the support area of 3330-3320 below.
Non-agricultural outlook: ADP data on Thursday may trigger fluctuations in advance, and it is recommended to deal with it with a light position.
5. Summary and suggestions
Overall thinking: The short-term trend is still bullish, but we need to be wary of the risk of callback brought by the rebound of the US dollar.
Best opportunity: Wait for a retracement to stabilize near 3320 and then buy low and buy more, and avoid chasing the rise.
Risk control: Strictly stop loss, reduce positions before non-agricultural data to prevent data shocks.
Potential bearish drop?WTI Oil (XTI/USD) has rejected off the pivot and could drop to the 1st support.
Pivot: 63.35
1st Support: 59.48
1st Resistance: 6.25
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.
USOIL:tay long
USOIL: The short-term objective trend is oscillating. In terms of momentum, the MACD indicator is above the zero axis, showing a top divergence, indicating that the upward momentum is weakening. In the first two trading days, the overall rhythm trend was alternating between primary and secondary, and it is expected that the intraday crude oil trend will still maintain the probability of shock upward, so maintain the long idea.
Trading can wait for the retracement after the long.
Trading Strategy:
BUY@62.8-63
TP: 63.8-64
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
↓↓↓ Keep updated, come to "get" ↗↗↗
Potential bearish drop?USO/USD has reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 64.42
Why we like it:
There is a pullback resistance level.
Stop loss: 66.35
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci projection.
Take profit: 56.94
Why we like it:
There is an overlap support level.
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