OXY value.OXY at this price presents a solid opportunity. This is a forecast and range of price targets for the next 12-mo. Should Oil prices return to the 70+ levels, we can expect the margins and revenue to show this additional return.
Commodities
Gold is going to start skyrocketing. Target 3080+After two months of adjustment. Gold is going to start skyrocketing. Target 3080+
Gold 30min Chart Short Gartley pattern Gold 30min Chart Short Gartley pattern, Price end AB=CD, stop should be strong above all SMAs and take profit is EA leg of the pattern
SPY/QQQ Plan Your Trade Update : Big Rally Closing Out 2024Over the course of the past 6+ months, I've been sharing research and content to try to help traders all over the world learn to profit by making better decisions.
Some of the comments I've received have been very positive. But some of the comments I get are negative and some people have explained how they continue to lose money trading.
In my mind, if you are gambling with your trading account - you will likely lose money.
If you are actually trading (trying to book profits ASAP) and grow your account efficiently, you can make consistent money trading small amounts.
In order to try to illustrate this example of trading, I created a $1000 trading account and limited myself to only trading $333 (MAX) per day.
Here are the rules I set for myself...
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Trading Plan
- Start with $1000 in capital
- Break that capital into 1/3 Daily limits
- Trade no more than 2-4 times a day
- Try to target 1-2 short term-trades and 1-2 intermediate-term trades each day
- Attempt to keep my losses limited (depending on market volatility)
- If I lose more than $300, I will stop trading and reevaluate what I’m doing right/wrong
The Daily Average Goal is 15-35% or more over a 30-day period of time.
I will try to execute the trades early in the morning and share the trades with Ment.com members.
I will attempt to pull the short-term trades off as early as possible (trying to lock in gains).
I will attempt to let the intermediate-term trades run a bit longer (possibly more than 1-2 days) in an effort to catch bigger price swings.
I will not attempt to chase market trends unless I see a very clear A-B-C type of price pattern.
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After just five days of trading, my account is up over $45% and I've never risked more than $250 - $300 per day trading Options.
Anyone can do this - you just need the right tools and guidance.
You can DOUBLE your $1000 trading account every 20 to 30 days if you are diligent, consistent, and really learn to trade (not Gamble).
What is it going to take for you to learn how to trade efficiently?
I'm trying to show you HOW to do it and HOW to learn the skills to improve your life.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD FURTHER SELL OFF?! (UPDATE)Even though Gold has officially broken below the 'Flat Correction' channel, I'm expecting volume to slow down over the next few days due to Christmas & the big players being away from the markets. We'll also see spreads higher then usual due to this low volume, so make sure to be using strict risk management.
Gold 1H Intra-Day Chart 20.12.2024Our original sell target of $2,580 got smashed! Here is what I am looking for next;
Option 1: Gold takes another dive down towards $2,580 again, followed by $2,560.
Option 2:Gld ranges within a tight zone over the Christmas period, due to low volume in the markets.
Gold 1H Intra-Day Chart 18.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Gold 1H Intra-Day Chart 18.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week!!!!
Yesterday we got the swing range activation and caught a nice move up but the full swing range was not compete.
This followed with another test on the swing range allowing us to catch the move again, inline with our plans to buy dips.
The full move into 2630 completed the full swing today, catching over 400 pips.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Spot Analysis: Crown Pattern Signals Potential ReversalGold's recent price action on the 4-hour chart has unfolded into a fascinating Crown Pattern, hinting at a potential bearish continuation. This pattern, often associated with trend reversals, presents a compelling opportunity for traders to position themselves for the next move. Currently trading at $2,614, gold appears to be forming a consolidation phase within a descending triangle, signaling growing bearish momentum.
Key Observations:
Crown Pattern Formation:
The clearly defined Crown Pattern suggests the exhaustion of the recent bullish wave. The structure follows classic measurements, with XA and DG ratios aligning closely with textbook values.
The neckline at $2,630 has already been breached, solidifying the bearish outlook.
Descending Triangle:
Gold is consolidating within a descending triangle just below the neckline, with lower highs and a flat support line. A decisive break below $2,596 could trigger further declines.
Key Support Zone:
Immediate support lies at $2,554.55, coinciding with the Crown Pattern's projection target. This level will be crucial for bears to maintain their dominance.
Bearish Momentum:
Momentum indicators, combined with volume analysis, show waning buying pressure, further reinforcing the likelihood of a downward move.
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Expected Scenarios:
Bearish Continuation: A breakdown below the descending triangle at $2,596 could pave the way for a decline toward $2,554 and potentially lower.
Bullish Reversal Invalidated: If gold manages to break above $2,630 and sustain above this key level, the bearish outlook will be invalidated, opening the door for a retest of $2,670.
XAUUSD: Market Analysis and StrategiesGold technical analysis
Daily resistance 2627, support below 2583
Four-hour resistance 2627, support below 2600
Gold operation suggestions: On Thursday, gold rose from 2583 to 2626, rebounding 43 dollars, just touching the area near the daily short-term moving average MA5 and falling to 2586. The ups and downs made it difficult for investors to see the market clearly. Yesterday, the gold price maintained a wide range of long and short shocks and closed weakly below 2600. Today's idea is to continue to be bearish and continue to sell on rebounds.
For European and American market operations, the 5-day moving average of the daily line is at 2614, and the strong resistance is at yesterday's high point 2626. The current price is 2605. Don't rush to enter the short position for the time being.
SELL2626near
SELL2614near
BUY:2600near
BUY:2583near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold Sell Limit LrdersI'm interested in these areas, so I've set my orders.
I'll update the TPs later...
Please consider the risk management.
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 Consolidates Between Key Levels Amid Bearish TrendGold Technical Analysis
The price recently reached the support level at 2585 and reversed. However, the bearish trend remains intact as long as gold trades below 2612.
Gold is currently consolidating between 2612 and 2585. A breakout in either direction will determine the next trend:
Stability above 2612, confirmed by a 4-hour candle close, suggests a move toward 2623.
Stability below 2585 indicates a drop toward 2558.
Key Levels:
Pivot Point: 2612
Resistance Levels: 2623, 2638, 2653
Support Levels: 2586, 2572, 2558
Trend Outlook:
Bearish Momentum: Likely below 2623 and 2612.
Bullish Momentum: Possible above 2623.
Previous idea:
SPY/QQQ Plan Your Trade For 12-20 : GAP PotentialToday's pattern suggests the SPY/QQQ will present an opening price gap (in this case lower) and likely attempt to find support near these deep lows.
I really want to point out how my Anomaly call, nearly 45+ days ago, really played out perfectly.
It is so difficult for me to try to explain what I do with my research and analysis - but ultimately I simply call what I see based on the data.
The last few days have prompted me to really push my efforts to continue to deliver superior research and analysis for my followers and subscribers.
Ultimately, it is about helping people learn to become more profitable and learn to wait for the best trade setups.
Gold & Silver are moving into a CRUSH pattern today. This could be a BIG MOVE for metals - and I believe the move will be to the upside. Don't get married to this move yet. The bottom is still setting up for metals.
Bitcoin is collapsing through the EPP pattern. The ultimate low setup could still be a move below $90k, so be prepared for more downward trending throughout the end of 2024.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Deeper Lows Ahead Before Reversal in SILVER ? Elliott WavesThe chart suggests a potential downward trend for Silver to complete wave (C) Blue of wave ((4)) Black and then wave Uptrend ((5)) Black.
Elliott Wave Structure:
The chart appears to be in a corrective wave structure, likely a Zigzag.
The current position seems to be within a corrective wave ((4)) Black in which wave (A) & (B) are completed and now we are unfolding wave (C) Blue of ((4)) Black.
Inside wave (C) we had completed wave 1 & 2 and now we are unfolding wave 3 Red in wave (C), post wave 3, we have to unfold wave 4 & 5 Red to finish wave (C) Blue of wave ((4)) Black.
Potential Scenarios:
Downside: If the downward trend continues, the price may reach Fib extension level where wave (C) equals with wave (A) and some times may goes towards 1.236 Fibonacci extension level.
Post completion wave ((4)) Black, we may see Reversal towards new Highs to finish wave ((5)) which generally goes beyond wave ((3)) High.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
GASOLINE sits 4 straight months on the Support. Expect reboundGasoline (RB1!) has been trading on the 4-year Support Zone for 4 straight months, forming a confirmed technical bottom. The September 09 Low was also on the Lower Lows of the long-term Falling Wedge, which makes the probabilities of a rebound even stronger.
At the same time, the 1W RSI bounced from oversold territory (below 30.00) and has stabilized back above its MA trend-line, confirming a bullish reversal. In addition, the 1W MACD just formed a Bullish Cross, with the previous 2 such formations since January 2023 aligning with the Wedge's Bullish Legs.
The previous Lower Lows bottom reached marginally above the 0.786 Fibonacci retracement level. As a result we remain committed to our long-term Target of 2.600 (below also the Lower Highs trend-line), which we expect to get hit within the next 4 months.
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XAU/USD : Bull or Bear? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we can see that after collecting liquidity below $2635, the price faced renewed demand and successfully climbed above $2641. As a result, gold managed to rise to $2651, delivering a 100-pip return.
Today, we have the US interest rate decision, which could bring significant volatility to the market, with both bull traps and bear traps likely. If you are not a professional trader, it’s better to stay away from the market and wait for stabilization, especially during Jerome Powell’s speech.
The previous analysis remains valid: as long as the price holds above $2641, we can expect further upward movement. However, if the price drops below $2641 and closes a candle underneath, we will likely see a sharp decline.
Keep these scenarios in mind and be patient to find the best trigger.
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
Gold can decline to support level and then start to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price started to trades inside a downward wedge, where it at once rebounded from the resistance line and dropped to the resistance level, which coincided with the seller zone. Soon, Gold broke this level and even declined a little, after which backed up to the seller zone, but soon dropped from this area to the 2590 support level. Next, the price declined below this level to support line of the wedge and then started to grow from this line and soon rose higher than the 2590 level, breaking it again. Then Gold continued to grow and reached the seller zone, after which made correction movement. After this movement, the price some time trades near the support level and later backs up to the seller zone and even a little higher, reaching the resistance line of the wedge. Then price dropped from this line to the support level, breaking the 2690 level and when it reached the support level, the price little declined to the buyer zone, after which started to grow. Now, I expect that Gold can fall to support level one more time and then start to grow. For this case, I set my TP at 2660 points. Please share this idea with your friends and click Boost 🚀
Forecasting gold priceForecasting gold prices is a complex task, as it's influenced by a multitude of factors. Here's a breakdown of the key elements and some current forecasts:
Factors Influencing Gold Prices:
US Dollar: Gold is often priced in US dollars, so its value tends to move inversely to the dollar's strength. A stronger dollar makes gold more expensive for holders of other currencies, potentially dampening demand.
Interest Rates: Rising interest rates can make holding gold less attractive, as it doesn't offer a yield like bonds or other interest-bearing assets.
Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors may turn to gold to preserve their purchasing power.
Geopolitical Uncertainty: Economic or political instability, such as wars or financial crises, can increase demand for gold as a safe haven asset.
Supply and Demand: Physical demand for gold, including jewelry, industrial uses, and central bank purchases, also plays a role in price fluctuations.
Current Forecasts:
Trading Economics: Their global macro models and analysts expect gold to trade at $2,682.04 USD/t oz. by the end of the current quarter and $2,783.76 in 12 months.
FXEmpire: They highlight that the US dollar's strength and the Federal Reserve's monetary policy are key factors currently limiting gold's upward momentum. They are closely watching the US PCE Price Index for inflation insights, which could significantly impact gold prices.
Other Analysts: Some analysts suggest that geopolitical tensions and concerns over a potential US government shutdown could boost gold's safe-haven appeal. However, strong economic data could reinforce the Fed's policy stance and limit gold's upside.
Important Considerations:
Forecasts are not guarantees: These are just predictions based on current information and models. Unexpected events can significantly impact gold prices.
Multiple factors at play: It's crucial to consider the interplay of various factors, rather than focusing on any single element.
Stay updated: Keep an eye on economic data releases, central bank announcements, and geopolitical developments to stay informed about potential influences on gold prices.
In conclusion, the outlook for gold is mixed, with both upward and downward pressures at play. The US dollar's strength and the Fed's monetary policy are key factors to watch, along with inflation data and geopolitical events. It's essential to stay informed and consider multiple perspectives when making any investment decisions related to gold.
GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows.
On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs.
Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up.
From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility...
Resistance levels: 2616, 2622
Support levels: 2589, 2581, 2560
Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows
Regards R. Linda!
SIlver (XAGUSD) Bullish Plan For Coming DaysAs Expected Monthly Candle Close above $30,30. October Low Sweep, So I am Bullish in December because Order Flow is Bullish of Gold and Silver, In New Month Price will Tap in FVG Then Bullish Move Expected. Follow With Risk Management.
GOLD - Price can start to decline, breaking support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level.
Then price continued to decline and later fell to $2535 points, after which XAU started to grow.
Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part.
After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time.
But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level.
Now, I think that Gold can make a small move up and then start to decline to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GOLD IS STILL SIDEWAYThe price is still sideways and there are no clear signs of a break out. If the price breaks out to the 2610 area, we will look for a Buy point.
