Commodities
Possible strong trend change in oilOil is at a critical chart crossroads with the Light Crude Oil contract flirting with an upward break of the strong long-term downtrend line “K” that has been passing through the $73 area in the last two sessions. On Friday morning when the article was written, the contract was trading at $72.90.
A possible now confirmed upward break of this line will make it difficult for the contract’s sellers as it will have the power to open the way to $76. Above that, the price of $80 per barrel will “flash”.
On the other hand, however, the apparent inability of oil to pass above $73 and the “K” will mark a third consecutive exhaustion peak, pushing the contract back below $69.
It is of course best not to attempt to push oil prices above $76 because it will begin to "undo" the positive scenario of further weakening inflation.
NZDUSD - Easiest 1000pip Trade Ever!We might be on the verge of one of the easiest trades ever.
NZDUSD is currently in a wave B correction, which appears to be a 333 WXY correction. We are currently in wave Y and expecting a breakout for the bigger wave C.
Trade Idea:
- Enter on break of trendline
- Stops below lows after trendline break
- Targets: 0.61 (500pips), 0.65 (1000pips)
Simple, right?
Goodluck and as always, trade safe!
Don't go chasing the Gold RushGold has had quite a year, but I’m here to speculate that the run is nearing its end.
The focus is on lower targets. Until that level is hit, the framework for trades remains bearish. Whether you’re taking smaller trades within the move or holding for the broader swing, the direction is clear: bearish until proven otherwise.
Targets may shift lower as new data comes in, but the current target is set in stone. Invalidation level is the current all-time high at 2800
NATGAS // Can you imagine $1?This weekly candle looks bearish. It's even more bearish if we take into account that it was printed on the monthly impulse base.
It means that the monthly trend is still short, and if the weekly gets aligned, the price may target the last clean weekly breakout (red), where the countertrend line also breaks, and where the $1 for natural becomes a nice target.
Do you see it coming?
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
<<please boost 🚀 if you enjoy💚
HelenP. I Gold will fall to trend line and then start to growHi folks today I'm prepared for you Gold analytics. After looking at the chart, we can see how the price some time traded near the resistance level, which coincided with the resistance zone and then rebounded up to 2790 points. Then the price started to decline and soon broke the resistance level, making retets, and continued to fall next. After this, the price dropped to the trend line, breaking the support level as well, but later it turned around and rose higher than this level and broke it again. Later, Gold rose to the 2715 resistance level, after which made the correction and then some time traded in consolidation, after which quickly backed up to the resistance level. Next, XAUUSD dropped to the support zone, where it reached the trend line and then rebounded up at once, but soon it fell back to the trend line. A not long time ago Gold rebounded from the trend line and started to grow, therefore I expect that XAUUSD will decline to the trend line one more time and then continue to move up next. For this reason, I set my goal at 2680 points. If you like my analytics you may support me with your like/comment ❤️
Gold can drop from resistance line of pennant to 2595 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price rebounded from the support line and rose to 2790 points, after which turned around and started to decline. In a short time, the price fell to the support line, breaking the resistance level, which coincided with the seller zone and then continued to fall next. Soon, Gold declined below the support line and even broke the 2595 level and fell to 2536 points. But later Gold turned around and made a strong impulse up to the seller zone, breaking the support level one more time, and started to trades inside pennant as well. Next, the price made a small correction and then some time traded in the range, after which in a short time rose to the seller zone back. In this area, it reached the resistance line of the pennant and then started to decline to the buyer zone, breaking the 2710 level. Later XAU some time traded near the support line of the pennant and then rebounded up to the resistance line of this pattern, which at the moment continues to trades near. For this case, I think that Gold can rebound from the resistance line and drop to the support level, exiting from the pennant. Therefore I set my TP at 2595 level. Please share this idea with your friends and click Boost 🚀
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2661 and a gap below at 2633. We will need to see ema5 cross and lock on either weighted level to determine the next range.
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
2661
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2681
EMA5 CROSS AND LOCK ABOVE 2681 WILL OPEN THE FOLLOWING BULLISH TARGET
2711
BEARISH TARGETS
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE FOLLOWING BEARISH TARGET
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE FOLLOWING BEARISH TARGET
2593
EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE
SWING RANGE
2570 - 2551
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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 and price play between two weighted levels with a gap above at 2655 and a gap below at 2629. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range.
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
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2629
EMA5 CROSS AND LOCK BELOW 2629 WILL OPEN THE FOLLOWING BEARISH TARGET
2600
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE SWING RANGE
SWING RANGE
2561
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
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range.
As stated last week the retracement range is still providing support and we also stated that we had a candle body close above 2629 opening 2686 gap and will also need ema5 lock to further confirm this.
- This gave a nice push up last week with over 200 pips. We now also have the ema5 confirmation for the long range gap above at 2686. As long as the retracement range holds and provides support we will continue to buy dips knowing we have the gap above open.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Another update on the weekly chart idea we have been tracking for over a month now and still playing out as analysed.
As stated already this chart allowed us to project the long term corrections and direction. We are using this chart to track our bullish targets until no ema5 lock to confirm rejections on the levels.
The channel top is continuing to provide support like we stated for the past few weeks, We had a test within the channel into 2590 axis inline with the retracement range, which gave the perfect reactional support bounce.
This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
As long as we see no ema5 break and lock below into the channel, we cane safely continue with our plans to buy dips in this range using the the levels just like the last few weeks reactional bounce above the retracement axis level.
Ema5 is still playing above the channel top and has not broken into the channel providing support above the channel.
We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
USOIL PredictionWelcome to our trading analysis! It’s great to see dedicated traders like you pursuing success with focus and determination. Trading is not just about profits—it’s about learning, adapting, and growing with every market movement. Today, we’re analyzing USOIL, which is currently trading at $74, with a bullish target of $100. The market is forming a falling wedge pattern, a classic bullish setup signaling a potential upward breakout. Before the price reaches the target, it needs to confirm a breakout from this wedge, which will mark the beginning of a strong rally. This pattern indicates a high reward-to-risk opportunity for traders who patiently wait for the breakout confirmation. Watch for strong volume and momentum during the breakout phase, as these are critical indicators of strength. Stay focused, trust your analysis, and remember that consistency and discipline are the keys to long-term trading success.
GOLD → Retest of the level after its breakoutFX:XAUUSD inside the new flat is looking for strong support. The fundamental backdrop is complex and amid high risks, buyers are looking for a safe haven
Fundamentally, the situation is complex, the weakening of gold is influenced only by the hawkish stance of the Fed and the growth of the dollar. But the pressure for further growth is exerted by many other factors: the escalation of the conflict in the Middle East and Eastern Europe. Trump's protectionist policies toward europe, asia. Geopolitical risks in the world.
Technically, the price is testing a strong support area after breaking through resistance.
Below is the key Fibo level of 0.5 - 0.7, which may play the role of the lower boundary from which the bulls will start an aggressive game.
Support levels: 2637, 2630, 2616
Resistance levels: 2649, 2665
In general, I am more inclined for a medium-term decline, but the local situation is quite tense and complicated.
If the bulls hold 2630 - 2640, the gold will continue to rise
If the bulls lose, the price will form a deeper correction with the possibility of further prolongation of the fall.
Regards R. Linda!
GOLD LONG-TERM FORECAST UPDATEMonthly Chart: Gold is forming an internal high and low, indicating a potential reversal.
Weekly Chart: Inside bar formation, waiting for market sweep. Expecting a bullish move after sweep.
Daily Chart: CRT pattern confirmed, targeting lower levels. Our bullish area remains at $2580-
Stay tuned for further updates!
Analysis of gold market trend next week:
After this week's low-test and rebound trend, will gold continue to rise this week, or will it start a second decline? It is estimated that many investors tend to favor an upward trend. It is estimated that many investors are leaning towards an upward trend. After all, the rebound shown by bulls this week is very strong. Coupled with the weekly positive pattern and the temporary stabilization of 2596, it is natural to be bullish. However, I We need to be cautious when we think we are bullish, because the performance of bulls this week is still flawed, mainly in two aspects: First, the bullish rebound failed to test the strong pressure of 2680, and failed to maintain the increase of 2650, which is in line with the gradual downward trend of gold prices since the fall of 2726; second, although the daily line recorded a small negative line with a shadow line , but the closing below 2665 not only reflects the intensity of the suppression, but also maintains the short pattern in the technical form. Therefore, I think the short-term rise is only an adjustment, and the direction should still be judged as short-selling control.
From a technical perspective, the weekly line closed positively for several consecutive days. This week, a small positive line with upper and lower shadows was closed, which basically completed the trend of swallowing negative lines. At the same time, it also drove the short-term moving average to extend upward to form support. In addition, the Bollinger Bands are moving upward as a whole, so it should be conducive to the development of bulls. However, the indicators of each cycle maintain a short-term arrangement, and the MACD indicator double lines show a dead cross downward pattern, with signs of continued downward volume. On the daily line, as gold prices surged higher and fell back on Friday, the current price effectively runs above the short-term moving average and the Bollinger Middle Rail, forming short-term support at 2630 and 2618 respectively. In conjunction with the bullish arrangement of other cyclical indicators, the MACD double line golden cross shape, It should help bulls continue their trend. However, it is worth noting that the current Bollinger Bands are generally downward, so the overall daily line needs to be cautiously bullish.
In terms of 4 hours, this week's rise in gold prices is due to continuous small positives, indicating that the momentum of the bulls is not as strong as imagined. This can be seen from the fact that the current price has returned to running below the short-term moving average again, and due to the stagnation of prices, The short-term moving average is at 2650 Double resistance in the opposite direction is formed, and other cycle indicators turn to the short position. The Bollinger Bands are moving downward as a whole. In addition, the MACD double-line bonding shows signs of death cross again. Therefore, at the 4-hour level, the overall short position can be expected to break through 2630 at any time and increase the downward strength action.
Gold operation strategy:
1. Go long near gold 2633-2635, stop loss 2629, target 2665-2673 line;
Weekly Market Forecast Jan 6, 2025This is an outlook for the week of Jan 6-10th.
In this video, we will analyze the following FX markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
The indices look set to move higher, with the possible exception of the DOW.
The metals will underperform against a strong USD, which remains so in the near term.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WTI - 2025 Q1 Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast: (Daily Time-frame)
While the price is above the support 64.00, resumption of uptrend is expected.
Technical analysis:
A trough is formed in daily chart at 66.51 on 11/18/2024, so more gains to resistance(s) 75.44 and maximum to Major Resistance (77.92) is expected.
Take Profits:
68.80
72.27
75.44
77.92
80.10
83.96
87.00
93.80
100.80
109.19
126.35
💡 Short Term forecast: (H4 Time-frame):
The bullish wave is expected to continue as long as the price is above the strong Support at 70.53
Forecast:
1- Correction wave toward the Buy Zone
2- Another Upward Impulse wave toward Higher TPs
SL: Below 70.53
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XAUUSD Detailed Analysis For the Next WeekXAUUSD refers to the exchange rate between gold (XAU) and the US dollar (USD), representing the price of one ounce of gold in terms of USD. The current price of XAUUSD is 2640, indicating the value of gold against the US dollar at this moment. The target price is set at 3000, meaning the price is expected to rise to this level in the near future. The gain in pips is 500+, suggesting a potential move of 500 pips or more from the current price to the target price. The pattern identified is a Bullish Pennant, a technical chart formation indicating a continuation of an upward trend. A breakout is expected before reaching the target price, which implies that the price needs to break through the upper resistance line of the pennant for the upward movement to continue. This pattern typically signals a consolidation period followed by a sharp move in the direction of the prevailing trend. Traders will watch for confirmation of the breakout before taking action. This analysis suggests a bullish outlook for XAUUSD, with strong potential for further upward movement.