COPPER📊 #COPPER
⏱ TIME: 30M
📝You can enter this position by breaking the ceiling and trendline and consolidating above this.
⭕️risk: MID
📍buy stop: 4.18600
📌TP1: 4.23500 (free)
📌TP2: 4.29000
⛔️SL: 4.13300
Commodities
4H BTC brief analyseBTC is taking a rest after fierce upward moving.
We will find out later where BTC will be heading to up or down, after a-b-c wave hit at 4hour.
This my trading scenario so that please always beware yourself not to get influenced too much.
Always plan before placing an position and setting up the stop loss.
World gold price decreasedDespite the decrease, world gold still maintains the level of 2,630 USD/ounce. Neils Christensen - an analyst at Kitco News commented that gold prices are anchored high as this precious metal continues to reflect uncertain geopolitical changes related to the upcoming administration of President-elect Donald Trump. .
However, one market analyst still expects the gold bullish trend to continue until 2025. In a recent interview with Kitco News, Nitesh Shah - Head of Macroeconomics & Commodities Research Model at WisdomTree, said he expects the US dollar to fall by 2025, creating favorable conditions for gold prices to rise.
At the same time, Shah said that the Federal Reserve's (FED) easing cycle will help push bond yields lower, another positive factor for higher gold prices.
The newly released minutes of the FED's November meeting provide important information about the central bank's economic outlook. Fed officials expressed growing confidence in the economy's trajectory, especially regarding inflation and the labor market. The minutes showed policymakers believe inflation is gradually moving toward the Fed's 2% target and that the labor market is currently strong.
Don't expect seasonality to save gold's baconWe're at that time of the year that gold tends to outperform. Yet with bigger drivers behind the wheel, I doubt that gold's 5% rebound will extend through to December. In fact, I'm now looking for short entries. Using stats from seasonality, ETF flows and market positioning, I outline my base for bears before highlighting key levels for them to consider.
MS.
USOIL Will Go Lower! Short!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 68.67.
Considering the today's price action, probabilities will be high to see a movement to 66.63.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GOLD is getting ready to break out!I think we should get a move to break out to the upside and start making new highs on Gold. US will have a Holiday this week so that will leave the dollar struggling on momentum. Trying to catch a piece of the move up.
GOLD at Critical Levels: Breakout or Rejection Looms?The XAU/USD chart indicates consolidation near a supply zone. This indecision reflects a potential breakout or breakdown setup:
Upside Potential: A clean break above the consolidation zone could signal a bullish continuation, targeting the next resistance levels.
Downside Risk: A failure to sustain higher prices may trigger a sell-off back toward the demand zones.
A rejection at this resistance zone could result in a sell-off towards lower support levels around 2,619.65, 2,616.00, and potentially lower. Watch for bearish price action signals at the resistance zone to confirm this move.
XAU/USD 26.11.2024OANDA:XAUUSD
Hello Traders, after November 25, the market moved down as calculated. I would now interpret this as a small ABC correction (orange count). I am currently looking for bullish momentum for the move from B to C.
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 2,656.94
1st Support: 2,606.39
1st Resistance: 2,709.10
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Silver AnalysisThe chart is in a bearish phase on the daily timeframe. Given the price movement, support around the 29.140 level is not unexpected. With proper risk management, a buy position can be considered in this area.
This analysis is based on price action, multi-timeframe analysis, and ICT (Inner Circle Trader) methodology.
This analysis is brought to you by the FXonbit Traders Team
Natural Gas , is there still potential that can be acquired or?Hi guys, let's take a look into natural gas which has been quite underwhelming for the past probably 6-12 months without any significant movement. The only recent interest shift in the price is the previous resistance line becoming a Resistance Line siting at the level of 3.20 and the formation of a new stable Support Line at the level of 2.60-2.70 level. The main drive into the prices of Natural Gas has been the Hurricane Helene disrupting the overall supply chain in the U.S. and the recent news coming from Russia and it's change to the Nuclear Weapon legislation , after Ukraine received the green light from the U.S. and the U.K. to use their current provided arsenal of weapons. As of now the main moving power of Natural Gas is Europe and its supply of NG. It has been confirmed that Europe has enough storage of Natural Gas to take care of the winter, but as we are seeing November is starting to become colder and December&January is expected to be significantly colder so there would definitely be higher demand than usual. My personal input on this opportunity is in two options.
Option 1 strong entry , from the current level of 3.50 with a target of
Target 1 : 4.00
Target 2 : 4.25
Option 2 calculated entry , wait for the price to drop down and retest the resistance line of 3.20 and then follow up with the same targets.
Target 1 : 4.00
Target 2 : 4.25
Easy money 200 pips, Xauusd GOLDIn Bigger picture Gold is on Downtrend, momentum of sells has decreased, buyers are tryin pushing higher, if a candle closes above resistance its an easy buy, use risk managment,,..
Still sticking to long goldBros, as I said in the last article, gold still failed to fall below the 2605-2600 area, and even failed to fall below 2610, even in the process of falling, and the falling low point is gradually shifting upward, and there is still a certain buying support below. Now gold is still a bargain, so in terms of trading, I still advocate long gold.
And I have already longed gold near 2626 and 2618 according to my plan, and now I expect gold to rebound to around 2640. Of course, I still haven't given up my target of 2650-2660.
Bros, are you long gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Bearish drop off 50% Fibonacci resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 30.75
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 31.55
Why we like it:
There is an overlap resistance level.
Take profit: 29.667
Why we like it:
There is a pullback support level.
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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.
Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance:
Click chart above to see the detailed analysis👆🏻
Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level.
Levels to watch: $2.700, $2.050
Keep your long term vision,
Philip (BasicTrading)
Heading into overlap resistance?XAU/USD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,659.61
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,713.45
Why we like it:
There is an overlap resistance level.
Take profit: 2,577.91
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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.
$GOLD BREAKING DOWN ?As we can see gold is struggling to pass the 2632.00$ key level which is now playing as a strong resistance in the 1h tf and i think we will see gold going down more into the bleu highlighted zone (FVG).
Key levels to watch : 2632.00 // 2603.00
Also the fundamentals suggest that gold is bearish
Crude Oil to $72 and then potentially $75Crude Oil to $72 and then potentially $75
Idea would invalidate with a daily close below $68.8
$USO crash before the bull market starts?I originally thought that we'd see a move higher off the bounce from $69, however the chart has now morphed and looks more bearish than it did over the summer.
If we break the trend line to the downside, then I think it's likely that we can see a crash to the $40 region before the bull market in oil really starts.
Let's see how it plays out over the coming months.
Gold Analysis: Straddling the Fence Amid Market UncertaintyIt’s pretty interesting to read comments and trading ideas on forums during these uncertain times. Right now, 9 out of 10 traders are saying to sell or hold short positions if they have them. They’re referencing MACD, EMA, charts, stars, the mood of their pets (just kidding, but hey, it’s a possibility) and other indicators.
I analyze the chart differently, always keeping an eye on my indicators, which I’m sure you’re aware of since I talk about them all the time.
So, looking at the Gold chart right now, the question is: who’s suffering more, the bulls or the bears? Honestly, it’s not clear-cut. If you ignore the chart and just look at the exchange data and positions, it’s pretty much 50/50. But there’s a solid call option for a rise with a strike at $3000 that popped up right after the drop to 2620, which is a positive sign.
Overall, I’m “sitting on the fence,” and I’d recommend you do the same. News is coming soon, and I have a feeling there might be some bloodshed in the market.
NATGAS SHORT FROM RESISTANCE|
✅NATGAS is going up now
But a strong resistance level is ahead of 3.646$
Thus I am expecting a pullback
And a move down towards the target at 3.300$
SHORT🔥
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GOLD ROUTE MAP UPDATEHey Everyone,
Ano0ther great day on the charts with our plans to buy dips playing out perfectly from our weighted levels.
Yesterday after completing the retracement range we got the lock below 2657 opening the swing range and completed the first level of the swing range. Today the full swing range was completed and gave the weighted bounce of more than 40 pips, inline with our plans to buy dips.
We are now patiently waiting for the full swing into 2657 but out of all positions, as we are keeping in mind the break below the swing range that may open the range below into 2598.
We will now also move onto our 4h chart idea shared Sunday to track the range below if needed for the 4h chart swing 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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
SWING RANGE
2638 (DONE) - 2620 (DONE)
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 Long From Support! Buy!
Hello,Traders!
GOLD is approaching a
Horizontal support of 2600$
And after the retest we
Will be expecting a local
Bullish rebound
Buy!
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