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Gold has been going up a lot recently, and it reached its highest price ever. Now, many people are waiting to see if the price will go down a bit before going up again. This could happen around $2470 because we’re seeing signs that the price might change direction - pending divergence. Remember, this is a small and risky trade, but if it works, you could get 4...

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Hey traders! 📈 Let's discuss the current outlook for USOIL WTI: 🔍 Technical Insight: We've observed a compelling development in the WTI market as it recently touched the lowest point within the current uptrend channel, dipping below the golden pocket levels. This move prompts a closer examination of the prevailing market dynamics. 📊 Daily Timeframe...

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The USD/JPY pair is now trading near 30-year highs, reflecting a huge difference in the strength of the US dollar and the Japanese yen. Japan has not seen a significant economic downturn, but the value of the yen has fallen dramatically. For traders, this unusual situation offers both opportunities and dangers. Technical Analysis: Key Levels and...

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Hey traders! 📈 Today, let's dive into an analysis of WTI crude oil, which is currently priced at $81.40. 🔍 Technical Analysis Overview: WTI has landed in an intriguing spot on the charts, sitting at the lower end of the golden pocket and showing signs of divergence. This convergence of technical indicators suggests a potential bullish move on the horizon. 📊...

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📈 Exciting Trading Opportunity Alert! 🚀 Hey everyone! 👋 I just spotted a cool trading setup on USDJPY, and I wanted to share it with you! Here's the scoop: The price of USDJPY is hanging around 151.49, and it looks like it's getting ready to break out of a pattern called an ascending triangle. 📈🔺 This pattern usually means that the price might go outside the...

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All shown on the chart, be careful, gold is very bullish rn!!!

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No brainer, double bottom on main timeframes - W, D, 4H Buy, hold & see what happens next.

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Time to ride the yen wave! With the Japanese rate decision behind us and a noticeable divergence in market sentiment, now's the opportune moment to capitalize on potential USD weakness against the yen. The BOJ's unexpected move presents a prime window for a sell position in USD/JPY. Let's seize the chance to surf the momentum and ride the waves of...

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The XAU/USD pair is poised for a potential downward trend. Several factors, including a strengthening US dollar, risk-on sentiment, and technical signals, contribute to this outlook. Factors Driving Downward Pressure: 1. Strengthening US Dollar: Positive economic data and expectations of tighter monetary policy bolster the US dollar, reducing demand for gold...

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Europe is full with gas, and the winter is soft, and blah blah blah. Let's see through technical glasses, 0.886 level is strong level, I expect that gas will reach it, mot probably even brake it, and afterwards we seek for golden pocket and 0.5 fib. Support and resistance, baby!

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When WTI (West Texas Intermediate) crude oil reaches the 78.6% Fibonacci retracement level, a common behavior is to experience a reversal or consolidation. This may indicate a shift in trend to bullish or a period of consolidation before further movement. The current Fibonacci level aligns with a significant historical support area with ±77$ price range, it may...

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WTI is currently stuck between two important price levels—the 0.5 retracement at $67.292 and the 0.618 at $81.19. With WTI priced at $72.146, it's about $4.854 away from the 0.5 level and $8.854 away from the begining of the golden pocket. Technically, WTI has breached a local support area at 72.80$, indicating a downward trajectory towards the lower section of a...

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If you placed an order around the 50.0% Fibonacci level on the Gold chart, you've got a reason to be pleased! Gold's recent price movement has broken through this key level, signaling some interesting possibilities for traders. Why is this significant? The 50.0% Fibonacci level is often seen as a critical point of decision in trading. It's like a crossroads...

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Well, I am going to buy oil because ... ... this is quite good entry. Short term target - 86$, long term target 92$ Don't forget about stoplosses, risk&reward etc. bs.

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The M pattern is a bearish reversal pattern, suggesting that the price of gold may be poised to decrease. It is called the M pattern because, when plotted on a price chart, it resembles the letter "M." Here's a description of how the M pattern typically forms: Initial Uptrend: The M pattern usually begins with a strong uptrend in the price of gold. During this...

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The analysis of the USD/JPY currency pair suggests a potential price movement based on Fibonacci retracement levels. According to the analysis, the pair may be approaching the 88.6% Fibonacci retracement level. This level often serves as a significant area of support or resistance in financial markets. Furthermore, the analysis anticipates that after reaching the...

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Gold's growth potential remains strong, driven by its time-tested role as a hedge against inflation, geopolitical turmoil, economic uncertainty, and low interest rates. Its recent entry into the "golden pocket" level adds technical weight to the potential for a reversal and further price appreciation. Investors continue to recognize its value as a diversification...

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Presently, the market is undergoing a corrective phase, characterized by a discernible adjustment in asset prices. The AUD often acts as a risk-sensitive currency, with its value correlating to global risk sentiment. During times of heightened uncertainty, traders may flock to the safety of the Canadian Dollar (CAD), impacting the AUD/CAD pair. In light of this,...