XAUUSDADDED a new position here with stops at the same level, risking my partials on this trade . profits will be the same closing. lets hope a for a good sell off from this level. Shortby ASFAND_GOLD0
DAILY ANALYSIS - XAUUSD (WED, 18th SEPTEMBER 2024)Bias: No Bias High Impact News: -FOMC Statement Analysis: -Previous daily candle closed as strong bearish -Daily no bot wick -Looking for BUY/SELL if there's confirmation on lower timeframe -Pivot point: - Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.by HM_fxtrading0
my analysis on 17-09-24i would short crude between 73.50-75. target should be 68. stoploss : 76.Shortby ProfessionalTrader25221
GOLD ALERT WITH CASHTRAINFXBearish Scenario: Key Level: If XAUUSD breaks below 2561, there's potential for a drop towards 2524. Strategy: Consider short positions near 2585, with stop-losses slightly above this level to avoid unexpected reversals. Monitoring: Keep an eye on macroeconomic factors (e.g., interest rates, inflation data) that could influence a bearish move. Bullish Scenario: Key Level: A break above 2585 could signal bullish momentum, with resistance at 2610. Strategy: For a breakout above 2585, wait for confirmation of the move before entering. Use stop-losses below the breakout level to manage risk. by cashtrainfx1
2024-09-17 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr Oil - Strong second leg up (daily tf) and bulls even tried to break above the bear flag but for now I doubt the breakout will be succesful. We are right in the middle of the broad bear channel and odds are 50/50 for either side. Above 72 odds rise for the bulls and below 69.5 I favor the bears again. comment: In my weekly outlook I wrote that if 65 holds, bulls are favored for 73 or 74. High today was 71.92. I doubt bulls are strong enough to break above the bull channel and make the pullback even steeper. 50% pullback from the selloff since 77 is around 71.5, so we are right in the middle of the broad bear channel. Odds favor the bears to test the lower bull channel around 70.5 again. If bulls fail there and bears can break below, we will likely see a retest of 67 or 66. current market cycle: bear trend key levels: 66 - 74 bull case: Bulls got decent follow through and they want an endless pullback for the bears and keep going until they hit the upper bear trend line around 74.5. They are trading above the 4h 20ema and every touch of it is bought. As long as they keep it above 70, higher prices are expected. Invalidation is below 70. bear case: Bears see this bear flag with 3 pushes up as done and the 50% pb is high enough to try for a continuation of the bear trend. Don’t be among the first to join them. Confirmation would be a 15m bar close below 70 and a break below the bull channel. Invalidation is above 72. short term: Neutral around the 50% pb 71.5. Bearish below 70 and bullish above 72. medium-long term - Update from 2024-09-08: Bears broke below multi month support and want a retest of 64.46 or lower. Right now the selling is a bit too steep to be sustainable. When we get a more complex pullback and form a decent channel, I will write a longer update here. Can this bear trend be the start of a bigger where we see Oil below 50$ again? I have absolutely no idea but the current daily chart can not not lead to that conclusion. current swing trade : None trade of the day: Buying the 4h 20ema is profitable again.by priceactiontds0
2024-09-17 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Many new highs but also a deep pullback and we closed around the middle of the daily range. Are we smarter than yesterday? We know that bulls remain in control since we are trading above most higher tf ema but bears also sold off for 1% today on the sp500. I keep my neutral stance and wait for the FOMC debacle to be over with. No one knows where markets will go on either 25 or 50bps. Be more like Elsa, let it go. You don’t have to gamble away hard earned profits on max confused and undecided markets. dax futures comment: Bulls got above my given target 18750 in my weekly update but got rejected for almost 200 points. Market is still neutral imo and I don’t expect this to change until some hours after FOMC. Since the market is so confusing and no one knows where rates might go, we can expect traps before and after FOMC. I refuse to trade much tomorrow. current market cycle: big bull wedge on the daily tf and bull channel on the 1h tf key levels: 18600 - 18900 bull case: Bulls printed 18800 and this could have been it before FOMC. We are 270 points below the ath (xetra) and we could easily get there. That’s also the only target left for the bulls. As long as the bull channel holds, they are in control and favored for higher prices. Invalidation is below 18600. bear case: Bears reversed much of today’s gains and did so in a fast manner. Bulls still bought it again, like the previous week. Bears need to start making lower lows again or bulls continue to btfd. Bears first target is to get below 18600 which would also break the bull channel. If you look at the daily chart we have many tails above and below bars. Bulls are grinding higher but it can reverse quickly imo. 1h ema is pretty flat, so don’t get trapped selling low or buying high. Invalidation is above 18820. short term: Neutral. Only scalping small positions until we know how market thinks FOMC is to be interpreted. medium-long term - Update from 2024-09-01 : 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade: None trade of the day: Globex lows held and the long after the double bottom around 18680 was good. Also selling the second try by the bears when bulls failed at 18800 (double top) but it’s hard to be this flexible on bigger swings. If you took one of those, you probably had an amazing day.by priceactiontds0
Gold NFP potential corrections / retracement key levelsIf FED will not disappoints market with a 50bps market pricing in rate cut, then some key levels are plotted that is due for corrections / retracement. Later all eyes will focus on Powell speech whether he will take an aggressive approach for November FOMC.Shortby sharpie03190
Gold Fomc Movement! Gold Sell or Buy?Go through the analysis carefully, and do trade accordingly. Resistance- 2589-2591 Resistance-2612-2616 Resistance-2630-2650 Support- 2571-2565 Support-2551-2555 Support-2541-2545 Strong support area- 2531-2535 Gold Signal H4 for the week Current price- 2569.7 "if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618" Advice-For Buying Best buying area= 2535-2540 For selling Best selling area= 2600-2616-2630 -POSSIBILITY-1 If 2555 break and sustain then you can sell gold with retest target will be 2545-2535 -POSSIBILITY-2 If it breaks 2591 and sustains then you can sell gold with retest target will be 2616-2630-2650by Goldsignaldaily0
Silver Technical Analysis: Bearish Shark PatternFX_IDC:XAGUSD We have been anticipating a series of harmonic patterns in the markets, and silver is no exception. It is currently presenting some constructive and intuitive patterns with a high probability of manifestation. A bearish shark pattern has formed for silver at the 224% Fibonacci extension level around $31. This pattern suggests a potential retracement that could bring the price down to around $29.37, aligning with the daily fractal resistance level that was broken slightly below, at $29.17. For more detailed analysis and updates, follow my page on TradingView. Happy trading! AndréShortby Andre_Cardoso0
[ES] S&P500 Short ScenarioOn this idea, I want to share the potentiality of a big down side move for the next weeks or months. Fundamentally I am not very optimistic and looking for a big crash of our economy. Regarding this, I try to enter into short position with very little risk and hold it for a long time. Here is my first entry I took today on the US Session with a TLB + Rejection. Great Trade !Shortby ArnoSG1
Strong Seller Movement After US News, Waiting Pullback For SellI can see S Low Break on H1, but not on H4. There is high possibility for higher seller that more than 50% retracement, up to High price. From Monday, I have been waiting for seller to showing their interest. Seems like after previous US news, there is seller interest in the market. Expecting another seller movement at next US High Impact news.Shortby sahniana0
Perfect Reversal from (2588) - Buyside liquidity AreaAs per my perdition and accuracy, the gold get reversed from perfect liquidity area. As Fed indicates 18th Sep, the interest rates will be cut off and starts from 25 basis point. As over all past data shows and indicated the unemployment rates are too high and other PMI/Sales/CPI etc...are not good sign for economy of US.. So myself expect 50 point will be cut off. incase if 50points cut the market/Gold will break 2600. Lets wait and see the game. Longby kingtraders-Liyan0
SellsWe having a bearish engulfing indicating a trend reversal into shorts targetting 2445 thereabout. But first slight buys towards 2577 and sells by bryanmutheke180
Gold Big Crash is far .....according to monthly time frame we are on the Top of long term channel after grap liquidity by big world market makers. gold falling down to about 1.3 k in 2 or 3 years .by shahabhassani0
Today’s (17-9-2024) US Retail sales data Affects Gold Prices why we sell Gold today ??? well many will tell answer is simple that gold is overbought and everyone is selling..... But That's not a whole case. - Yes gold was overbought and running on High uptrend. - From our past Encounter with gold suggested Small Changes in US Retail sales data will Endup in big change in gold,and it happeded as per our prophecy. - Buyer around the world are running heavy profit they has to close position and book profit will force price to come downside. So this is it... Stay tune for more update from us will come back with another Facinating trade.. Keep following keep trading and Remember Buy high Sell low....Shortby forextrade119Updated 1
Can oil bulls continue to rise today?Due to the change of the contract, the point has changed, and the rise and fall are interactive. So far the rebound range is 5 dollars, from yesterday's analysis of the situation, there is still room to continue to rise. Personal expectations there is close to $1 rising space, and from yesterday's daily line closing situation, today's market probability is also the first rise and then fall, so our idea of operation today is to first more and then empty, as follows: 1, short at $70.60 with a stop loss of 35 points and a gain of $68.60. 2, if the strategy 1 short is stopped, go short again at $71.35, stop a loss of 30 points, and stop a profit of $70. 3, if it falls and falls below $69, it is long at $68.65, stop a loss of 30 points, and stop a profit of $70.60.by Besage7Updated 4
XauUsd, Tuesday 17 September 2024XauUsd made a correction to the new demand area at 2565-2551. this confirms the formation of the 5th wave of price growth. ideal positions to open trades at 2565 and 2551 with take profit targets at 2599 and 2620.Longby AREA1680
Short Term Bearish Setup for GoldThis is a short-term bearish setup for gold. Now that a small downtrend has been established in the lower time frames, we are aiming for the price to retest the high of the value area of the recent uptrend.Shortby OchlokratUpdated 0
Gold Historically Outperforms S&P/Dow JonesI’m no expert on the matter, but I find it odd that ever since the U.S government removed itself from the Breton Wood System (August 15, 1971), Gold has nearly outperformed the indexes. Banks, Advisors, and the finance world in general have convinced the general public to never bet against the U.S dollar. “On average, the S&P returns 8-10%, it’s safe.” Etc. But what about the asset that, when left alone and not pegged to any federal reserve or monetary system, has flourished? How long will we put our trust in Fiat currency? I’m curious to know your thoughts. It’s just been on my mind here recently.by Omegadear270
Precision analysis of crude oilInvestors are pricing in a possible rate cut, with federal funds futures pointing to a 67% chance of a half-point cut. A dovish Fed decision could lower borrowing costs, stimulate economic growth, and support oil demand. However, deeper production cuts could also signal underlying economic weakness, which could weigh on crude prices in the longer term. Despite these bullish supply-side factors, concerns about weakening demand for crude have capped any big gains. Weaker economic data continued to weigh on global oil demand forecasts and limit price recovery, although supply-side disruptions provided some support. The latest trend of crude oil -- Crude oil saw another dip today, after hitting $69.5, the oil price saw a long continuation, the highest hit $70.9 hovering. Crude oil from the daily chart level, the mid-term trend is still below the range along the support, a downward rhythm. Moving average system short arrangement, medium term objective trend down. The downward trend line is still suppressed, and the strength of the current recovery and rebound is limited. Focus on whether the 71.4 area will stand firm. Crude oil four hours on the level, oil prices bottomed out, oil prices repeatedly through the moving average system, short-term objective trend shock finishing operation. Oil prices are supported again around 69.5, which will be seen as an important long platform support in the afternoon. Based on the above analysis, Zhang Yifu believes that: crude oil bottom again, bulls are expected to continue, today's operation to consider the withdrawal layout more than single first, supplemented by high, above the focus on 71.5-72.5 dollars resistance, below the focus on 69.5-69.0 dollars support. Today's crude oil firm at 70.2-69.8 more than once, profit in the 70.9 area.Longby Mary5541