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GOLD, LongGold after hitting the High of $2087.98 is anticipated to retest the next significant level support 2065 with an attempt to pick liquidity and further driving up to test the all-time high of $2145 is on the card this week. DXY at the close of last week represent a probability of the dollar index declining to the next key level of 102.5 which could give GOLD the upper hand to drive up. The week's USD fundamentals such as the Jolts Job Opening, Powell's testimony and NFP are very important, and the outcomes will significantly determine the price of GOLD. Thus it is worth keeping an eye on. Support: 2064 Resistance 1: 2082.5 Resistance 2: 2145
FX:XAUUSDLong
by AbeikuGlobal_FX
1
USOIL, LongPrice has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers picked the price from the $75.73 all the way up to $80.3 by the end of last week's market closing. What do i expect this week?? I expect the USOIL price to retest the support and liquidity zone at $78.24 and with this holding, price could drive up to $81.95 that is if the support holds. My Support is $78.240 and target is $81.95
FX:USOILSPOTLong
by AbeikuGlobal_FX
2
#DXY possible bullish reverse head and shoulder patternI believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar. Upon closer inspection, we can see the formation of a reverse head and shoulder pattern , which is an intrinsically reversal pattern and signals a potential bullish move. If the price manages to break above this bullish pattern and a short-term bearish trendline, we could assume that our higher timeframe bullish move would possibly continue. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
TVC:DXYLong
by mohemati
XAUUSD 🔥Small Short Then Up🔥❤️MY FOREX TEAM❤️ INFORMATION Gold is trading on the back foot below $2,020 early Tuesday, following a positive start to the week and logging a three-day recovery rally. The XAU/USD price upside seems likely capped by a renewed uptick in the US Dollar and the US Treasury bond yields. 💲BUY GOLD 2002-2010 💲 SL @ 2000 TP 1 @ 2016 TP 2 @ 2020 TP 3 @ 2030 TP 3 @ 2038 💲SELL GOLD 2035-2040 💲 SL @ 2045 TP 1 @ 2032 TP 2 @ 2027 TP 3 @ 2018 Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE XAU/USD holds above $2,000, PBOC rate decision, FOMC Minutes eyed ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDLong
by My_Forex_Team
1
Will SILVER Finally Break The Support Level?Hi Traders! There is a potential breakout on SILVER as it tries again to break the long-term support level.   Here are the details: Looking at the price action, it looks bearish; the market swings are lower with lower highs and lower lows. The market has broken and closed under the 20 EMA, and this is the third time around the 21.885 support level. The plan is to wait and see how the market reacts at 21.885. If the market holds above this level, then it will likely target the resistance trendline. However, if there is a break and close below 21.885, there is a good chance of targeting the long term support level at 20.696. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance 1: 22.639 Support 1: 21.885 Support 2: 20.696 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:SILVERShort
by BluetonaFX
1
DXY Bull Flag SetupHi Traders! There is a bull flag pattern developed on the DXY 4H chart. Here are the details: The price action looks bullish, and the market looks like it is about to complete the consolidation phase in the flag's channel as the flag pattern is in its late stages. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains above the EMA and flag channel support, our view will remain bullish. Preferred Direction: Buy Resistance (FLAG CHANNEL): 104.669 Support (FLAG CHANNEL): 103.808 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:DXYLong
by BluetonaFX
2
Nord is 2 Cents, been $20 Just had Record Breaking VolumeWe just had more volume this week with Nord than any other week to date. This is huge We called nord back in November due to extremely High Volume when the Price Bottomed Out Showing True Bullish Potential. Nord has already had days where it's ran as high as 400% and for a limited time only is close to it's original buy in price of 10 cents! Seriously this is an amazing opportunity anybody looking for longer holds
NLong
by Tracking_Technicals
USDJPY Approaching 150Hi Traders! USDJPY is near the psychological 150.000 level, and it looks to possibly re-test its 3-month high at 151.911.  Here are the details: Looking at the price action, it looks bullish; the bull flag, along with the previous yearly high, has broken. The next big test is as the market approaches the 150 handle. There may be some strong resistance here, as this is the first time this year the market is approaching the 150 handle. As long as the market is still above the 20 EMA, our view will remain bullish. The plan here is to monitor the price action near 150; if there is a momentum break and a close above 150, then 151. 911 is the next big target. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance 1: 150.000 Resistance 2: 151.911 Support: 148.808 Please make sure to click on the like/boost button, 🚀as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX