GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our plans to buy dips is playing out, as analysed.
Yesterday after completing all our Bullish targets we stated that we were now looking for a ema5 cross and lock above 2875 for a continuation above or failure to lock above will see a rejection into the lower Goldlturns for support and bounce.
- This played out perfectly with no lock above 2875 confirming the rejection into the lower Goldlturns, which gave the perfect bounce inline with our plans to buy dips.
We will now see play between the Goldturns and will look for ema5 cross and lock above or below the Goldturns to confirm 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
2800 - DONE
EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET
2826 - DONE
EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET
2852 - DONE
EMA5 CROSS AND LOCK ABOVE 2852 WILL OPEN THE FOLLOWING BULLISH TARGET
2875 - DONE
EMA5 CROSS AND LOCK ABOVE 2875 WILL OPEN THE FOLLOWING BULLISH TARGET
2898 -
BEARISH TARGETS
2772 - DONE
EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE
2744 - 2712
EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE
SWING RANGE
2685 - 2655
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
Palladium Bullish ContinuationPalladium price seems to exhibit signs of overall bullish momentum (after a credible reversal on the 4HR timeframe) as the price action may form another credible Higher Low with multiple confluences of key Fibonacci and credible Support levels.
Trade Plan :
Entry @ 984.25
Stop Loss @ 942
TP 1 @ 1026.5
TP 2 @ 1068.24
Move Stop Loss to Break Even if TP1 hits.
XAUUSD Buy Limit OrderHey guys
I think we have a CHoCH in 1H TF but still we're bullish in 4H TF. So this area is good to set a buy limit order.
Let's see how the price reacts to this area.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Gold XAUUSD Possible Move 06.02.2025Market Analysis: Incomplete Head and Shoulders Pattern with Breakout & Retest Strategy
Pattern Identified:
The chart presents an incomplete Head and Shoulders (H&S) pattern, which suggests a potential reversal or continuation depending on price action at key levels. The neckline of the pattern aligns with the green support zone.
Key Levels:
Resistance Zone (Red Area - ~2,872): Price has tested this zone multiple times, making it a key level for a breakout.
Support Zone (Green Areas - ~2,860 and ~2,844): These zones act as crucial demand areas, where price could either bounce or break lower.
Possible Trade Scenarios:
Bullish Breakout:
If price breaks above the red resistance (~2,872) and successfully retests it as support, this would confirm a bullish continuation.
Entry Signal: Buy after a confirmed retest with bullish momentum.
Target: Next resistance levels around 2,884 - 2,890.
Stop-Loss: Below the previous structure (~2,864).
Bearish Breakdown:
If price fails at resistance and breaks below the green support (~2,860), a bearish move is likely.
Entry Signal: Sell after a successful retest of the broken support (~2,860) as new resistance.
Target: Lower support zone around 2,844.
Stop-Loss: Above the broken level (~2,868).
Neutral Range-Bound Scenario:
If price remains trapped between 2,860 and 2,872, traders should wait for a breakout before entering trades.
Trade Signal (Based on Breakout Confirmation)
Buy Signal: If price breaks and retests above 2,872, enter long with a target of 2,884+.
Sell Signal: If price breaks and retests below 2,860, enter short with a target of 2,844.
This strategy ensures safe trading by waiting for confirmation before taking positions.
Kindly follow, comment, and like to show support.
Gold reaches new highs every day, buy after stabilizationThere is no need to analyze the technical aspects too much. If it is strong and sideways, just buy directly. Once the correction is too deep and the stop loss is hit, continue to buy at low levels. The direction is more important than the position. The daily line has been rising continuously. Since mid-December 2024, gold has been like a wild horse running away. The gold price is completely out of control. There is no guessing the top of gold. Today's NY market continues to be bullish. There is no highest, only higher. The next target of 2900 and 3000 is no longer a dream.
In the short term, pay attention to the 2830-2840 area, which has become a new strong support. The bullish trend will be maintained in the short term. The idea is to continue to be bullish if it retraces close to the support band. If the retracement is limited, then look for opportunities to buy after the hourly line adjusts and retraces. If it stops falling and stabilizes, it is an opportunity to enter the market to buy. Use support as a defensive position to arrange a buying strategy. Currently, it touched the 2848 line in 1 hour and stopped falling slightly. Then pay attention to buying near 2848, including buying directly near the current price of 2856 and lower prices, with a stop loss below 2848. If the SL is hit, continue to buy at a lower price. The most worrying thing at the moment is missing the buying opportunity.
INTRA DAY SUPPORT AND RESISTANCE OF XAUUSDSupport Zone
2854-2859
Pivot
2854.00
CURRENT TREND
Long positions above 2854.00 with targets at 2879.00 & 2890.00 in extension.
BREAKOUT
Below 2854.00 look for further downside with 2840.00 & 2830.00 as targets.
The next resistances are at 2879.00 and then at 2894.00.
Supports and resistances
2900.00
2890.00
2879.00
2867.09
2854.00
2840.00
2830.00
Gold’s Price Action: New Highs or Correction Ahead?Yesterday, gold reached yet another all-time high, slightly above 2,880.
However, the price quickly dropped by 200 pips, finding support at 2,660.
Since then, gold has been consolidating, but a correction appears to be looming.
In the posted 30-minute chart, we can see a small head-and-shoulders pattern forming.
A break below the newly established support and the neckline of the pattern could lead to a further drop to 2,640.
Although trading at this stage is extremely risky, I believe gold is more likely to correct at this point rather than make a new ATH.
Analyzing Our Crude Oil Trade Plan & Key LevelsNYMEX:CL1!
This is our first blog recapping the trade plan from the prior week. In this blog, traders can take a sneak peek into why we choose and plot the levels we do on our charts. However, these are simply our thoughts and ideas on the market—we do not know what will happen. You should carefully consider whether this approach aligns with your own trading strategy and risk tolerance before making any decisions.
Do you struggle with analysis paralysis in your trading? Don’t worry—we will help you develop a process that you can customize and apply to your own market approach.
Markets by nature have randomness and uncertainty built in. Markets move based on the collective psyche of the participants. These footprints left behind by the collective participants analyzed through volume profiling and multiple time frames is what provides us with our selected support and resistance zones.
To help you better understand our chart setup, here’s how we define key zones and indicators:
On our charts, we use color-coded zones to highlight key market levels:
Green zones indicate bull support areas.
Red zones represent bearish support areas.
Blue zones act as neutral zones but serve as important inflection points.
The Line in the Sand (LIS) is a crucial reference point:
A single LIS can be used to validate both long and short trade ideas.
Alternatively, there may be separate LIS levels—one confirming long trades above it and another confirming short trades below it.
Some other terms that you will commonly find in our blogs are:
VPOC (Volume Point of Control): The price level with the highest traded volume within a given volume profile.
VAH (Value Area High): The upper boundary of the value area, typically representing the +1 standard deviation level in the volume distribution.
VAL (Value Area Low): The lower boundary of the value area, typically representing the -1 standard deviation level in the volume distribution.
Value Area: The range where approximately 70% of the total traded volume occurs, falling within one standard deviation of the distribution.
Important and significant levels on our charts are marked. You can see on the crude oil chart, that we consider mid ranges of defined year, quarter, month, week as significant areas of interest and reaction by market participants.
We also give importance to HVN (High Volume Nodes) and LVN (Low Volume Nodes) and how price usually reacts to these visible distributions of high and low volumes on the volume profile.
Our analysis begins with four key questions that guide our market perspective and decision-making process:
What has the market done?
What is it trying to do?
How good of a job is it doing?
What is more likely to happen from here?
These questions are not intended to decipher the reasons behind market movements or predict outcomes based on personal bias. Instead, they provide a structured framework using Auction Market Theory, Volume Profile, and market-generated significant levels to develop a trade plan—whether for the day or the week.
This trade plan does not dictate specific trades to take; rather, it serves as a roadmap, outlining the key areas where we may want to engage with the market.
To illustrate the importance of structured market analysis and preparation, let's review how our recent crude oil trade plans have played out:
Week of January 27, 2025 – Crude Oil Plan Recap :
The initial trade plan played out, but a pullback occurred.
Buyers stepped in, pushing prices back toward the Blue zone (also the LIS for longs and shorts).
Long positions were only valid after confirming a reclaim of the January 2025 mid-range.
Crude oil then moved sharply toward our key bull support zone before rebounding higher.
This completed the trade plan scenario outlined in red.
Week of January 13, 2025 – Key Takeaways :
We identified the start of bullish momentum in crude oil following a long Q4 2024 consolidation.
Two short trade scenarios were outlined, with the first playing out as expected.
Reviewing past trade plans helps traders develop a structured market preparation process.
This analysis was featured in the Editor’s Pick, mapping out key levels and our thought process.
As we mentioned earlier, we do not have a crystal ball but we do have insights when planning for the week. If you are incorporating this weekly plan, please also monitor and be ready to adjust with new information that is provided on the hard right edge.
If you click the play button on most of our trade plans and just consider that week’s price movement, you may notice that our plans have thoughts and efforts put in them.
Trade Idea - Sell Limit Trade Idea for XAUUSD
Bias: Short Position
Technical Analysis:
1. Daily Chart:
• XAUUSD is in an extended uptrend and nearing overbought conditions with RSI at 74.98, signaling a possible pullback.
• MACD is still bullish but reaching a peak.
• A rejection near 2865-2875 suggests a strong resistance zone.
2. 15-Min Chart:
• Recent momentum is slowing down.
• RSI is at 47.65, indicating a neutral zone, with possible room for a move downward.
• MACD is weakly bullish but not showing strong continuation.
3. 3-Min Chart:
• Clear lower highs forming.
• RSI is at 40.51, approaching bearish territory.
• MACD is negative, showing short-term selling pressure.
Fundamental Analysis:
• Gold has rallied significantly, but a correction is likely as traders take profits.
• US Dollar Strength: If any upcoming economic data favors USD, gold may decline.
• Interest Rate Expectations: No immediate dovish signals, keeping gold under pressure at highs.
Trade Setup (Short XAUUSD)
• Entry: 2865
• Stop Loss (SL): 2875 (10 pips above key resistance)
• Take Profit (TP): 2845 (2:1 RRR)
Rationale:
• Selling into resistance at 2865 where price action shows exhaustion.
• Stop placed above the last major swing high.
• Targeting a retracement to 2845, a logical support level based on price action and short-term trends.
SPY/QQQ Plan Your Trade For 2-6-25: Counter-Trend RALLY Today's pattern is a counter-trend Rally pattern. I read this as a downward trending type of rally phase/bar.
Much like yesterday's rally in the markets. Today should be just the opposite - a downward trending bar.
I believe this is a move downward setting up the Deep-V pattern which should hit early next week.
I suggest traders prepare for a rollover-topping pattern near this upper resistance area and prepare for the markets to move downward - seeking support.
Gold and Silver will likely move downward as well if the market does roll over, as I suspect. Gold and Silver tend to move downward when the markets shift into a downward trend.
Bitcoin is trapped within a range (again), and it appears that over the next few days, it will attempt to move downward with the markets.
Again, the next four to five days will be a do-or-die type of move. I've been telling all of you this Deep-V breakdown will happen for more than thirty days, so I'm watching to see if it really does happen.
Either way, it is now a bad idea to take some profits near these highs in preparation for any potential breakdown.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Could Silver's Price Soar to New Heights?In the realm of precious metals, silver has long captivated investors with its volatility and dual role as both an industrial staple and a safe-haven asset. Recent analyses suggest that the price of silver might skyrocket to unprecedented levels, potentially reaching $100 per ounce. This speculation isn't just idle talk; it's fueled by a complex interplay of market forces, geopolitical tensions, and industrial demand that could reshape the silver market landscape.
The historical performance of silver provides a backdrop for these predictions. After a notable surge in 2020 and a peak in May 2024, silver's price has been influenced by investor sentiment and fundamental market shifts. Keith Neumeyer of First Majestic Silver has been an outspoken advocate for silver's potential, citing historical cycles and current supply-demand dynamics as indicators of future price increases. His foresight, discussed across various platforms, underscores the metal's potential to break through traditional price ceilings.
Geopolitical risks add another layer of complexity to silver's valuation. The potential for an embargo due to escalating tensions between China and Taiwan could disrupt global supply chains, particularly in industries heavily reliant on silver like technology and manufacturing. Such disruptions might not only increase the price due to supply constraints but also elevate silver's status as a safe-haven investment during times of economic uncertainty. Moreover, the ongoing demand from sectors like renewable energy, electronics, and health applications continues to press against the available supply, setting the stage for a significant price rally if these trends intensify.
However, while the scenario of silver reaching $100 per ounce is enticing, it hinges on numerous variables aligning perfectly. Investors must consider not only the positive drivers but also factors like market manipulation, economic policies, and historical resistance levels that have previously capped silver's price growth. Thus, while the future of silver holds immense promise, it also demands a strategic approach from those looking to capitalize on its potential. This situation challenges investors to think critically about market dynamics, urging a blend of optimism with strategic caution.
Gold Retreat Slightly but Bullish Momentum Remains IntactGold Futures Slip but Stay Near Record Highs; Bull Market to Persist, Citi Says
Gold Technical Analysis
Gold reached an all-time high (ATH) of 2,882 yesterday before reversing.
Currently, Gold is expected to correct towards the breakout level near 2,809. Initially, the price may attempt to test 2,841, and a 1-hour or 4-hour candle closing below this level could lead to a drop toward 2,823.
On the other hand, if a 1-hour candle closes above 2,861, the price could reach 2,873. Furthermore, a 4-hour candle closing above 2,873 would confirm a bullish continuation toward 2,895 and 2,918.
Key Levels
Pivot Point: 2861
Resistance Levels: 2873, 2895, 2918
Support Levels: 2841, 2823, 2809
Trend Outlook
Bullish confirmation above 2873
Expected movement range: 2861 – 2841
Bearish scenario if the price remains below 2861
WTI OIL 4H RSI Bullish Divergence hinting to trend reversal.WTI Oil (USOIL) has been trading within a Channel Down pattern since the January 15 High. Since yesterday it appears for the first time to have withdrawn from making Lower Lows. In fact, the 4H RSI has been on Higher Lows since January 27, which is a technical Bullish Divergence.
This hints to a potential trend reversal to bullish and the pattern that we can identify emerging is a Channel Up. This current potential bottoming pattern, resembles the January 08 Low which rallied above its 2.5 Fibonacci extension.
As a result, we can target the Channel's top (Higher Highs trend-line) at 76.50.
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Gold Update: $3,000 Is Not the Final DestinationGold futures broke above minor consolidation, so the map should be updated.
Wave 3 becomes extended (blue small waves) and it is looking to test the trendline resistance near magic $3,000 level.
But that's not all as we didn't see wave 4 yet.
It should be complex to alternate wave 2, which was simple.
Wave 4 could hit the $2,500-2,550 area to complete correction.
We can measure it after wave 3 will be completed.
And finally, wave 5 is usually extended in commodities.
It could be huge, wave 3 already travelled over $1,000,
imagine where wave 5 could rocket then.
It will depend on how deep wave 4 would retrace first.
Stay tuned, share your thoughts below, lucky trades to all of you!
EUR/USD : More Fall Ahead? Let's See! (READ THE CAPTION)By analyzing the EUR/USD chart on the three-day timeframe, we can see that the price was rejected from the 1.053 level, as per our main analysis, leading to a decline of over 300 pips down to 1.021.
Currently, EUR/USD is trading around 1.036, and if the price stabilizes below 1.042, we can expect further downside movement. Keep an eye on the price reaction to the key levels marked on the chart!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EUR/USD : Get Ready for the next Bearish move (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that after rising to the upper limit of the supply zone at 1.046 - 1.055, the price has finally corrected and is currently trading around 1.042. If the price stabilizes below this level, we can expect further declines in EURUSD.
However, keep in mind that in about 2.5 hours, we have the significant CB Consumer Confidence report, which could strongly impact the market!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD - Where will gold go?!US President Donald Trump has raised serious concerns among global economies and financial markets by threatening to impose punitive tariffs on the country’s largest trading partners. So far, he has imposed a 10% tariff on goods imported from China, delayed the implementation of 25% tariffs on imports from Mexico and Canada, and indicated that the European Union will be the next target of his trade policies. However, beyond the political hype, tariffs have important practical and economic effects.
Tariffs are actually a type of tax on imported goods that, like other taxes, are a source of revenue for the government. Many countries impose these taxes to protect domestic production, as tariffs increase the price of foreign goods and therefore strengthen the competitiveness of domestic products. Trump, however, is using this tool not only to support domestic industries but also as leverage in his foreign policy. One example of this policy is his decision to postpone the imposition of new tariffs on imports from Mexico and Canada, which was made after the two countries agreed to implement stricter measures to control immigration and combat drug trafficking at their common borders.
Tariffs were once a major source of revenue for the US government, but their share has declined significantly over the past century. According to an analysis of official data by the Federal Reserve Bank of St. Louis, as of last year, tariffs accounted for less than 3 percent of total federal revenue.
If the tariffs were to be permanently imposed, as Trump initially proposed, the total additional costs to American importers over the next decade could reach $1.1 trillion. The nonpartisan Tax Foundation estimates that the policy could lead to tax increases of up to $110 billion by 2025 alone. The think tank also estimates that tariffs on China, which began under Trump and expanded under Biden, currently generate $77 billion in revenue for the U.S. government annually.
Economic studies show that ultimately, American consumers and businesses will bear the brunt of these tariffs. While some foreign producers may lower their prices or accept some of the costs from American importers, in many cases, companies will raise the prices of their goods to compensate for the additional costs, and those costs will be passed on to consumers.
A look at recent U.S.-China trade relations provides a clear example of the impact of tariffs. During Trump’s first term, he imposed a series of tariffs on Chinese imports, including steel, aluminum, and industrial engines. The policy has reduced China’s share of U.S. imports from about 20 percent in 2018 to 14 percent by 2023.
Meanwhile, official demand for gold continues to play a major role in the precious metal’s market, keeping prices near record levels. It’s not just emerging market central banks buying gold to protect their currencies.
Krishan Gopal, senior analyst for Europe, the Middle East, and Africa at the World Gold Council, pointed to data released by the International Monetary Fund (IMF) in a social media post that showed Taiwan’s central bank increased its gold reserves in October. According to the report, the official gold reserves of the Central Bank of Taiwan reached 424 tons three months ago.
Despite the recent volatility in the gold market, analysts believe that the continued purchases of central banks will continue to be the main factor in maintaining the bullish trend of the precious metal. Joy Yang, global head of index product management at MarketVector Indexes, said that with the increasing geopolitical uncertainties caused by Trump’s economic policies and the slogan of “America First”, central banks are looking for more neutral assets to preserve the value of their reserves. According to him, these policies of the Trump administration have made gold a more attractive option for countries that want to protect themselves against economic risks and reduce their dependence on the US dollar and Treasuries.
Katie Kriski, commodity market strategist at Invesco, also believes that the high demand for gold by central banks continues to create significant value for retail investors. He also predicted that this trend will not stop in the near future, citing the People’s Bank of China as one of the most prominent examples of this behavior in the global gold market.
Gold is above the EMA200 and EMA50 on the 1-hour timeframe and is in its ascending channel. A correction towards the demand zone for gold will provide us with the next buying opportunity with a good risk-reward ratio.
USOIL Is Going Up! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 72.211.
Taking into consideration the structure & trend analysis, I believe that the market will reach 74.793 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.
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XAGUSD - How far will silver go?!On the 4-hour timeframe, silver is above the EMA200 and EMA50 and is moving in its ascending channel. If the correction continues, we can see a demand range. We can buy in that range with an appropriate reward to risk.
Gold demand in China is showing signs of a strong rebound, even as the physical flow of gold from the UK to the United States continues. Meanwhile, analysts at Heraeus Precious Metals have indicated that there is evidence suggesting that the growing demand for silver in the solar industry may have peaked.
Last week, both the Federal Reserve and the European Central Bank acted in line with market expectations. The Federal Reserve decided to keep interest rates unchanged, while the European Central Bank implemented a 25-basis-point rate cut.
Regarding silver, Heraeus analysts questioned whether China could sustain its rapid growth in the solar energy sector. They reported, “The total installed capacity of photovoltaic (PV) panels in China reached 886.66 gigawatts in 2024, marking a 46% increase compared to the previous year.
This 277-gigawatt expansion exceeded industry forecasts and surpassed China’s own 2024 capacity projections by 17 gigawatts. However, while this growth is remarkable, it falls short of the record 54% increase seen in 2023, following a 28% rise in 2021. This trend suggests that China may be approaching its peak photovoltaic capacity growth.”
The analysts also noted that, over the past two years, rapid solar energy growth has been driven by unprecedentedly low photovoltaic module prices, largely due to intense competition among manufacturers. They explained, “However, in 2025, polysilicon producers (GCL and Tongwei) have agreed to limit their production, while solar module manufacturers (Jinko, JA Solar, and Canadian Solar) have reached a minimum pricing consensus to restore profitability. This could drive up the price of solar modules, leading to higher capital costs for projects.”
They added, “Projections indicate that 232 million ounces of silver were used in 495 gigawatts of photovoltaic applications in 2024. If installation rates remain steady year-over-year, solar demand for silver could reach a record 270 million ounces in 2025, an increase of 39 million ounces.”
Meanwhile, U.S. Treasury Secretary Scott Bassett announced that the Trump administration is focusing on reducing the yield on 10-year Treasury bonds rather than the Federal Reserve’s short-term interest rate cuts. Over the weekend, Trump remarked that the Federal Open Market Committee’s decision not to cut interest rates was a “good” move, indicating his emphasis on 10-year yields.
This policy could contribute to financial stability and help control inflation. However, some analysts have warned that Trump’s measures, along with spending cuts by his ally Elon Musk, may not have a significant impact, as a large portion of U.S. government expenditures remains allocated to healthcare, social security, and defense.
According to a report by The Wall Street Journal, economists at Morgan Stanley no longer anticipate that the Federal Reserve will lower interest rates in March. They now predict only one rate cut in 2025, expected in June. As Morgan Stanley stated, “The implementation of tariffs earlier than expected is likely to halt the downward inflation trend at a higher level, making any short-term rate cuts impossible.”
WTI Oil H1 | Pullback resistance at 38.2% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 71.75 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 72.30 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance.
Take profit is at 70.64 which is a swing-low support.
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USOIL LONG FROM SUPPORT
Hello, Friends!
We are going long on the USOIL with the target of 75.80 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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