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Beyondtechnicalanalysis

Now what will be the goal of Gold, see our analysisWe saw that on Friday, when the NFP news came, the market was running at 1820. After that, the market went down and reached 1811.   The market went up to 1835, after which it went down a little. On Friday, the market closed at 1832, and when the market opened today, it opened with a gap, and at that time it was running until 1852.   If the market breaks 1846, then our next target is 1830, which is also support; if the market breaks 1830, then our next targets are 1816 and 1799; and on the other hand, if the market breaks the resistance of 1857, then our next targets are 1870 and 1880.   Due to the war between Palestine and Israel, the whole market is not stable. We request that you monitor the market again and again and use your stop-loss
OANDA:XAUUSD
by MsProTrading
5
THE WORLD IS CHANGING, SO IS THE OIL PRICE MOVEMENTSCAPITALCOM:OIL_BRENT On the fundamental side, Brent oil prices have been supported by a number of factors in recent months, including: Strong global economic growth, which has boosted demand for oil. Supply disruptions caused by the ongoing conflict in Ukraine. The decision by OPEC+ to cut production by 2 million barrels per day. The war in Iran, which has raised concerns about further supply disruptions. However, there are also some headwinds facing Brent oil prices, including: The potential for a global economic recession, which would reduce demand for oil. The release of oil from strategic reserves by the United States and other countries. The increasing popularity of electric vehicles, which could reduce demand for oil in the long term. Overall, the fundamental outlook for Brent oil is bullish. The factors supporting prices are likely to outweigh the headwinds in the near term, but there are some risks to the upside potential. Technical analysis On the technical side, Brent oil is currently in an uptrend. On the 30-minute chart, the price is above the 50-day and 200-day moving averages, and the RSI indicator is above 50. This suggests that the bulls are in control and that the price is likely to continue to rise in the near term. On the 4-hour chart, the price is also above the 50-day and 200-day moving averages, and the MACD indicator is giving a bullish crossover signal. This further confirms the uptrend on the 4-hour chart. On the daily chart, the price is also above the 50-day and 200-day moving averages, and the RSI indicator is above 50. This suggests that the uptrend is likely to continue on the daily chart as well. Elliott wave analysis Elliott wave analysis suggests that Brent oil is currently in the fifth wave of a five-wave Elliott wave sequence. This means that the price is likely to continue to rise until it reaches its target, which is around $100 per barrel. Conclusion Overall, the fundamental and technical outlook for Brent oil is bullish. The price is likely to continue to rise in the near term, with a target of around $100 per barrel. However, investors should be aware of the risks posed by a potential global economic recession and the ongoing war in Iran. Additional thoughts on the war in Iran The war in Iran is a significant wildcard for the oil market. If the war escalates, it could lead to a major disruption in oil supplies, which would send prices soaring. However, it is also possible that the war will be resolved quickly, with minimal impact on the oil market. Investors should closely monitor the situation in Iran and be prepared to adjust their positions accordingly. I am deeply saddened by any war and the conflicts happening around the world. My heart goes out to all those who have been affected by this violence. I know that words alone cannot heal the pain of those who have lost loved ones or been displaced from their homes. However, I want to express my solidarity with all those who are suffering and to let them know that they are not alone. I believe that peace and understanding are essential for a better future. I hope that we can find a way to resolve these conflicts peacefully and build a more just and equitable world for all. This being said, coming back to our analysis, good luck everyone in your financial decisions.
CAPITALCOM:OIL_BRENTLong
by YExplore
Gold- Before NFP and beyond technical analysisLet's think beyond technical analysis and consider what Gold is likely to do. We all see it's at a support level, and we're expecting a correction after a 1000 pip drop. In the long term, it's in a descending channel, and to reach the channel's resistance, it needs to rise to 1880, which is 600 pips away. So, two questions arise: Is it that simple for Gold to stay put for three days so everyone can buy and profit? Secondly, who's selling if everyone sees this? Are they blind, or do they want to lose? With that in mind, I believe Gold will continue to decline, and I have two scenarios for NFP: 1. A spike up and then a drop below support. 2. A direct drop below support. Of course, I could be wrong.
OANDA:XAUUSD
by Mihai_Iacob
20
Latest Gold Idea Next Target is?We have seen that since yesterday, the market has been moving between 1830 and 1816.   It has not been able to break the support at 1816, and neither has it been able to break the resistance at 1830, because 1830 is a strong resistance and 1816 is a strong support.   If the current market is running at 1822, then the market may go up a little.   From 1830, the market may come back, or if it breaks the resistance of 1830, then our next resistance is 1835, and we think that breaking 1835 is very difficult, and from there, the market will come down again, and our next target is if the market breaks the support at 1816, then our final target is 1809 or 1790.
OANDA:XAUUSDShort
by MsProTrading
5