USOIL, can bounce from Support/Resistance Zone!The price is close to the Support/Resistance Zone.
We will have a good Buy entry after the false breakout of that zone.
Potential profit will be in 3...5 times bigger than risk.
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CFD
ESP35 Broke weekly trend line!!!Here got a beatiful set up with a lot of possibilities for a super swing ,we got a break and close above the descending TL that lines up with that AT 38% fib and if we zoom in we got a nice bullish candle pattern and all this after the higher timeframes finished the 5th wave indicating a possible trend reverse that seems to be confirmed after a new weekly high was formed last week
GOLD is in the Triangle...The chart of the gold shows us a triangle.
It's better to wait now. Good Buy/Sell trades will be after the price will cross the borders of that triangle.
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NATGAS, Look at this bounce!After the price made an exit from the descending channel it made a pullback to the higher border.
It was a perfect entry point for channel lovers.
It can make the 2nd wave and touch Buy Zone.
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GOLD, best place for Sell..It was two touches to Support/Resistance Zone.
It's a huge probability that it will be crossed this time.
The best place for Sell will be under Zone.
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GOLD, Best place for Buy..We can open Buy with predictable risk/reward ratio near the Mirror Level 1587.2.
It's a strong support level.
Potential profit will be in 3...5 times bigger than risk.
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US OIL approaching to the Key Level!The price is falling down and approaching to the Key Level 50.63.
We can look for Buy after the false breakout of that level.
Potential profit will be in 3...5 times bigger than risk.
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GOLD, Possible short term Buy...The price has a possibility for a bounce from $1448.00.
I will open Buy entry in that place after the price will make a false breakout.
My target will be $1484.20, then I'll be looking for Sell near $1480.00 - $1484.00.
As I promise, I'll send you an accurate signal with stop loss and take profit points.
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GOLD, Sell after pullback to the Mirror Level!!!I will open Sell at $1482 - $1484 because:
- the price broked down huge accumulation;
- 1484.20 is a Mirror Level;
- potential profit will be in 3...10 times bigger than risk.
You will get an accurate signal with entry point Stop loss and take profit if this post will get 100 like.
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GOLD, Sell signal under Key Level!The price drop was stopped be Key Level 1500.00.
That's why we can see a nice downward move after H1 candle will close below it.
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GOLD WILL HIT 1600 - (21/09/2019)Will GOLD hit 1600? YES...!
When it comes to candle stick pattern its ending with Bullish Engulfing Pattern which is caused to Bullish movement. It has very strong support at 1483.97 (Horizontal green line). 1533.67 resistance line has been crossed several times and there are more chances to cross it again and hit the resistance 2 (Horizontal maroon colour line). Even though gold is in over bought situation it will bounce back from 70 line towards 80 or more which is bullish.
Take profit areas are mentioned in green box.
Note: Trade at your own risk and this is based on technical analysis only. This is LONG term trade analysis.
Comment and like the analysis.
Open for discussions.
Validation - from 21/09/2019 onward.
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Gold is going to close GAP!!!Gold is going to close GAP.
Best place to open Sell is under Resistance Zone.
Potential profit will be in 3...5 times bigger than risk.
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US OIL comes to powerful Key Level!!!It was powerful move down from Key Level 58.79 at 31Jul.
This level was confirmed at 10 Sep.
It'sa huge possibility that the price will have some reaction here.
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GOLD / XAUUSD - BullishReading is must:
Interesting, there is a bearish divergence according to the daily chart. seems gold will go down? Answer is up to you but let me show you something.
Look at the letters of A, B, C & D with color boxes. if you closely see the candles in each box shows you a shooting star candle with a bearish candle which is direct you to a certain period or pips bearish movement. but each and every time its bounce back to bullish movement.
if you see the RSI and you can see that RED circles with black color arrows shows you the direction. look at the number 2 circle shows you a pattern it was came from black line and then towards to RSI 50 red line then again back to black line and bounced back. that same pattern is creating from the blue circle. it means it will come down for certain period or pips down and will bounce back and create a new bullish momentum. you can see the number 1 area in red circle which is created a new bullish momentum.
TP areas in Green
Note: Trade at your own risk and hope this will works. fingers crossed. Hope this will works better if oil will goes high
Open for discussion and suggestions are most welcome.
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GOLD, Possiple move donw!The price is under Resistance Zone now.
It's huge possibility to continue move down.
BUT!!! If the news about attack in Saudi Arabia on oil Factory can influence on Gold and Oil.
So if you will see a GAP after the market will open - don't open any trades, it will be better for you.
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Brent Crude - End of the 5th wave?Brent Crude (1H) - potential bullish reversal
The oil price has been stabilising following 3 impulse moves to the downside. The correction might have come to an end ahead of a stronger 4H support near 58.30. The price is ranging around the moving averages, which means selling pressures have waned and the market might be getting ready for a U-turn. 61.30 will act as the immediate target.
Key support: 59.60/58.90
Key resistance: 61.30/63.00