Gold - Elliott Wave Count Gold - Based on the current market structure, it is becoming clear that the ABC correction of Wave 2 has ended and Gold will continue to rise towards the $2400 range and beyond. Today's move indicates that the Wave 3 has already begun. However, it is important to note that if the market breaks the $1810 level, the aforementioned view...
Gold - Elliott Wave Count Our first target for Gold has been achieved during the 4th wave, and the market seems to remain bullish, indicating a possible extension of the 4th wave. Gold - The market looks its completed the bearish 3rd wave and looks like 4th wave correction has begun and is expected to extend up to the 1870 to 1872 range, be cautious with any...
As in gold, possibility for a new bull market in SLV is in the cards for coming 2024. The price structure* on weekly time-frame suggests there is a high chance that SLV, has found its bottom last year in Sep'22 and with higher low this year in Oct'23. As long as Oct low holds, I would expect the price to move toward next resistance zones: first 22 and...
Based on the given market data, the XAU (Gold) is currently priced at 1930.0 USDT. On the 4-hour chart, it has an RSI of 86 which is well above 70, indicating that it is currently overbought. The MACD of 16.09 also suggests a bullish market. The Bollinger Bands at 1881.0 and the support levels at 1882.0, 1863.0, and 1805.0 indicate a strong buying pressure. The...
WTI Crude Oil hit twice the Rising Support and today is having the strongest green (1d) candle in 5 months. This is a buy signal assuming the line holds. Trading Plan: 1. Buy on the current market price. 2. Sell if the price closes a (1d) candle under the Rising Support. Targets: 1. 95.00 (Resistance 1). 2. 78.00 (little over Support 2). Tips: 1. The RSI (1d)...
Crude Oil Super Bullish Targeting 121 and 149 US $ I n my previouse Oil Trading Idea I mentioned the main factors why we have reahed the bottom. I opened the first trades on May the 23rd(See signals above) but gave my stops more rooms, below the 15 Months Support, and as they ´ve been confirme I added more aditional Positions on June 23rd, Last week I added...
today is Friday,I would like to remind everyone that as the weekend is approaching, the market is worried about news of geopolitical conflicts within two days of the weekend, which has led to rising market risk aversion, stimulating strong buying of gold, with gold rising to a maximum of around 1919. I informed everyone to go long gold near 1890 and 1900....
Owing to geopolitical tension around the globe, can expect WTI to trade around 90$ during next week. In 15mins chart, we can see the ''W'' recovery pattern. Can expect an upside movement to 90$. If the situation worsens in war, it will move beyond that. Disclaimer : Trade as per your risk level.
Hey Everyone, This is the Daily chart idea we shared last Sunday before market open for this current week. This idea played out perfectly alongside our 4H and 1H chart ideas. Please review each stage of the analysis and conditions we highlighted below and how the market respected our analysis on each of these conditions, all the way upto todays update...
As per my Elliot Wave* analysis, Octobers low may mark the the mid-term bottom for gold and price has started to work on building the right hand side of the cup. As long as 168 holds, I would expect the price to move towards next important resistance area 194-200 area. Ideally build a hand of the cup after reaching that level and break-out above 194 towards...
Gold continued its upward movement, surpassing $1,910 on Friday after two weeks. The 10-year US Treasury bond yield dropped almost 2%, prompting an upward push for XAU/USD as investors sought safety ahead of the weekend. The Gold price briefly reclaimed the crucial 21-Day Moving Average (DMA) at $1,878 but didn't close above it. The 14-day Relative Strength Index...
Gold has reached the important daily supply area, it is expected to drop to the 50% Fibonacci level which is accompanied by daily demand.
In this chart everything is vivid that gold become 3 top structure and if gold came to 1946 to 1952 gold getting dump asap to fill gap between 1833-1844 it is probably being this month
Price action analysis for Gold. Important key levels. Trading plan. Directional bias. Thoughts. ❤️Please, support this video with like and comment!❤️
hello dear trader wti ready dor next move and there are 2 number on this chart wti can test PRZ ( fibou extention 1.618 + strong resistance) on 102 near 103 stop loss need for any position goood luck
Gold bulls have been absolutely rocketing today on the news of Israel invading Palestine & killing even more citizens. 500+ PIPS within a day & it's only been half a day😵💫 Be interesting to see how market closes its weekly candle today. Below $1,920 - Bearish $1,930 - $1,940 - Neutral Above $1,940 - Bullish
Hello dear friends, Today, the price of gold is at its highest level in two weeks, reaching nearly $1,880. Gold is trading more firmly thanks to the decrease in the yield of US Treasury bonds due to the latest meeting minutes from the Federal Reserve yesterday. From a technical analysis perspective, when the Bollinger Band range narrowed around the 1820 mark last...