USOIL - BULLISH MOVEHello Traders !
On Friday 15 Nov, USOIL reached the support level (66.85 - 67.38).
The price broke the last lower high (change of character).
So, I expect a bullish move📈
_____________
TARGET: 71.24🎯
Commodities
XAUUSD weekly swing trade target 790 pipsBack again with another swing trade this week, utilizing trend lines and Fibonacci levels. I anticipate that upon opening, Gold will rise approximately 120 pips before reaching and adhering to both the daily trend and the Fibonacci 0.618 level, followed by a retracement.
Setup:
At the Asian market open, aim for a buy up to 2578/9 for an estimated 150 pips before reaching our target level of 2580 and then selling off.
As always best way to enter these trades is wait for break and retest before entering.
Chart is on the 1 hour time frame.
The last two weeks have seen all the swing trades perform successfully, so I'm expecting this one to follow suit.
As always trade safe don't overleverage and as always use a reasonable stop loss
Gold Bullish Scenario .by closing above 2760 .
should be able to break ATH again to keep flying for the next targets as marked on chart .
still need to break ATH first anyway .
CRUDE OIL (WTI) More Growth is Coming
After quite an extended consolidation on a key daily horizontal support,
WTI Oil bounced and violated a resistance line of the range.
It is an important sign of strength of the buyers.
With a high probability, the price will go up and reach 72.3 level soon.
❤️Please, support my work with like, thank you!❤️
GOLD Will Move Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,715.97.
Considering the today's price action, probabilities will be high to see a movement to 2,656.74.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 70.22 area.
✅LIKE AND COMMENT MY IDEAS✅
GOLD TO NEW ATH? (UPDATE)Hello,
After gold reaching new highs this year
We expect it to reach a new historical ath with these numbers on the chart.
Please wait for test (1) if it touches the entry area and closes at the top.
Our entry will be with a retest. (2)
GOLD Prices Surge: Analyzing the Market's Rebound TrendsGold prices continued their upward trend in Asian trading on Tuesday, following a rebound from a key demand zone where retailers had been caught off guard by a previous downward trend. This resurgence has recovered approximately half of last week's losses. Market participants are now closely monitoring upcoming speeches from officials at the US Federal Reserve, as well as ongoing geopolitical tensions between Russia and Ukraine.
Additionally, expectations of renewed stimulus measures from China are contributing to a positive sentiment surrounding gold. As the world's largest consumer of the precious metal, any economic support initiatives from Chinese authorities could bolster demand and further enhance gold's appeal. However, traders remain cautious about whether gold can sustain its recovery, as they await clearer signals regarding the Fed's interest rate policy from the central bank.
Previous Forecast:
✅ Please share your thoughts about Gold in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Shorting gold againWe have won consecutive victories in trading today. As in the previous article, we shorted gold near 2695 and 2710 respectively, hitting our TP: 2690-2685.
Now that gold has risen to around 2710 again, we can try to short gold again, TP: 2700-2695
Brothers, 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!
GOLD → Why is the metal rising? A chance to upgrade ATH to 2800?FX:XAUUSD rallies and seeks to renew the local maximum. The fundamental background is changing in favor of the metal, to which aggressive buyers are running...
Gold is not reacting to the dollar rally and hawkish Fed rate statements. Markets now rate the probability of a 0.25% Fed rate cut in December at 51%, up from 84% a week ago.
The reason for the metal's rally is paramount to the escalating conflict in Eastern Europe. The US Democrats have untied the hands Ukraine, which has caused Russia to change its nuclear doctrine and lower its threshold for retaliatory decisions. The conflict, fundamentally, is taking a more serious side.
Gold, as a hedge asset in times of crisis, is soaking up investor money and feeling strong buyer support
Technically, we are getting a high probability that the metal can update ATH to 2800-2850.
Resistance levels: 2710, 2731, 2750
Support levels: 2689, 2680, 2674
There is strong resistance ahead, which may trigger a correction to the nearest liquidity zones, but we are not talking about reversals. The correction may end quickly and the price will go into the bull run phase again. Medium-term targets are 2731-2750
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
GOLD ROUTE MAP MARKET REVIEWHey Everyone,
A smashing finish to the week with our 1H chart idea playing out to perfection completing all our targets.
After completing targets and updating throughout the week, yesterday we finished with a cross and lock above 2649 leaving a gap target open to 2678.
- This target was hit today completing this chart idea and more .
4H CHART UPDATE
Our 4H chart idea also completed all targets this week, with each level giving us cross and lock confirmation with plenty of time to get in for the action.
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
XAU/USD 20.11.2024OANDA:XAUUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, riding the move down in wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C). That would be phenomenal clear chart set up.
If you have any questions, feel free to ask! ;)
GOLD RISKY SHORT|
✅GOLD is going up now
But a strong resistance level is ahead at 2720$
Thus I am expecting a local pullback
And a move down towards the target at 2683$
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Bravely hold a short position,TP:2690-2685Bros, today is another fruitful day. Today, we shorted gold with 2695 as resistance as scheduled. After gold broke through the first resistance area of 2595, we shorted gold with 2711 as resistance at around 2710 in equal proportion as scheduled. Gold is now back below 2700 and our short position is starting to make profits again!
Bros, there is no need to rush to close short positions, gold may continue to fall to 2690-2685, and once gold falls below this area, gold may even continue to fall to around 2675. Boldly hold short positions and look forward to better profits!
Bros, 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!
WTI 69.40 BULLS / APPROACHING 72.50 free daily planAs discussed in yesterday’s plan over @ Voila's Oil Trading (substack) why 69.40 key level will be delivering a strong push towards our 1st top of range target - 72.50.
WTI 4 hour:
WTI is pushing off 69.40 our intraday support .
This buying will need to sustain above the 69.77 daily pivot as we look for a definitive break of 70.35 today… towards the 72.50 major resistance.
We should only be minimizing long risk if price action is indicative of a 69.40 level break here. It’s not right now as the 4hr shows a 20 ema (red) trend holding.
------------------------------------------------------------------------------------------------------------
Trade Plan!
Continued buying above 69.40, long to the next levels:
- 70.35 , 71.70 , 72.50
Strong selling below 69.40, short to the next levels:
- 68.00
Daily pivot is 69.77
Gold - 15 min ( Best buy and Sell After Break Out ) ⚡️ Gold
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 2710 Area
🚨Bearish After Break Out key level + High Volume / 2695 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔖 Announcement Coming After Successful Break
SPY/QQQ Plan Your Trade For 11-22: Tmp-Bottom PatternToday's Temp-Bottom pattern suggests the SPY/QQQ will attempt to move downward - trying to find support.
If this pattern plays out as I suspect, we'll see the SPY and QQQ move lower, with the SPY attempting to move to the 588-590 area and the QQQ attempting to move to the 499-500 area.
I still believe the current setup promotes a breakdown in price based on the current Flagging formation related to the broad Excess Phase Peak pattern.
Nothing tells me the markets are going to rally at this stage. Unless we get above the Peak levels of these patterns, the most logical outcome is a breakdown in price leading to a Phase #3 EPP consolidation low.
Gold and Silver are starting to make a very big recovery rally - just as I suggested weeks ago.
It is great to see this move in Gold - although Silver is lagging a bit. Silver will rally, but it will rally slower than Gold at this point.
There is a real chance Gold could be trading above $3000 before the end of 2024. Buckle up.
BTCUSD came within $1000 of my $100,500 target level overnight. WOW.
This last $1000 move higher should be reached today.
Once we get above $100,500 on BTCUSD, expect it to try to roll into a new pullback and setup a new EPP Flagging formation.
That is what price does, it is either TRENDING or FLAGGING.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD Will Fall! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,699.516.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,653.450 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Gold on the Bitcoin fibonacci multiplierWhat bitcoin does on a small timescale of 15 year we see happening in gold on a multi decade scale.
Looking at the Fibonacci lines you can see that the first peak in 1974 hit the Red Fib Multiplier before retracing again. In 1980 the second touch in this cycle hit the orange line.
In 2011 gold hit the yellow line at $1900, As we are now in the second phase of this bull market, I expect gold to hit the red line between 2026 and 2030 at 7-10K
Currently the cycle is dominated by uncertainty, risk aversion(debt load) and inflation and I dont see a change in the world for these topics in the next few years.
𝙽𝚘𝚝 𝚝𝚘𝚍𝚊𝚢 !In the 2-hour time frame, the price of gold has created a bearish divergence, which means the price could decline in the coming days.
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,617.629 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
GOLD Massive Short! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2701.9 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2651.6
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
Gold will complete it's C corrective move 2728!TVC:GOLD is in correction and will complete it's C corrective move UpTo 2728, in that level we will look for sell entry after getting 7-8 confirmation including technical and fundamental analysis. Traders don't rush for buy entry at these level just hold for good opportunity for entry, I will update in ideas section when gold breach 2728
