Vistra Corporation (VST) AnalysisCompany Overview:
Vistra Corporation NYSE:VST is a prominent U.S. integrated power company, combining retail and wholesale energy services. The company is actively transitioning toward renewable energy while maintaining a balanced portfolio with its conventional energy assets. Vistra's commitment to sustainability is reflected in the recent development of solar projects, positioning it well for the future of energy.
Key Growth Drivers
Renewable Energy Expansion:
Large Solar Projects in Illinois: Vistra's recent connection of two significant solar projects underscores its push to diversify into clean energy. This not only aligns with consumer demand for green energy but also supports regulatory trends favoring sustainability.
Strategic Diversification: By enhancing its portfolio with renewables, Vistra is positioning itself as a leading player in the transition to cleaner energy sources.
Operational Adaptability with Conventional Assets:
Baldwin Power Plant Extension (1,185 MW): The extension of this key asset through 2027 allows Vistra to maintain reliable power generation in the MISO market while transitioning to renewables. The move exemplifies strategic balance, ensuring reliability while supporting green energy goals.
Operational Flexibility: Vistra's ability to adapt its mix of assets enables it to capitalize on diverse market conditions.
Leadership and Regulatory Expertise:
Rob Walters Appointment: The recent addition of Rob Walters as an independent director strengthens Vistra’s regulatory and strategic leadership. This move enhances the company’s ability to navigate the evolving energy landscape, building investor confidence in its long-term strategy.
Investment Thesis:
Vistra is well-positioned to capitalize on both renewable energy growth and conventional energy reliability. The company's expansion into solar power and commitment to sustainable energy solutions, combined with the extension of key assets like Baldwin Power Plant, reinforces its competitive edge in a transforming energy market.
Bullish Case:
Target Price Range: $210.00–$220.00
Entry Range: $140.00–$142.00
Upside Potential: Strong growth potential due to diversified energy portfolio, renewable energy investments, and strategic leadership appointments.
Commodities
USOIL Short Setup: Key Zone to WatchUSOIL is testing a significant resistance zone around the 78.00 level, an area where price previously faced strong selling pressure. Current price action suggests potential exhaustion, with signs of rejection visible.
If sellers take control, a pullback toward the 76.01 level, acting as the first key support, could be in play. Traders should look for bearish confirmation, such as reversal candlestick patterns or breakdowns below recent lows, to position for a potential short move.
Gold analysis: oscillating upward, strong trend
Recently, gold has shown an overall high-level oscillating upward trend, and the price has shown a strong upward trend at both the daily and hourly levels.
Daily level
Gold successfully broke through after a period of triangle convergence, and the price slowly rose. It is currently facing pressure from the 2720 line. The overall trend shows that gold is in a strong rebound stage, and the trend continuity is strong.
Hourly level
The hourly line forms an obvious upward channel. The price fell after hitting the 2724 line, and rebounded after a short-term correction to the 2688 line, touching the lower edge of the channel support. The price continued to pull back in the Asian session, completing a certain technical repair.
Key point analysis
1. Upper resistance
2720: It is the current key resistance level. If it can be broken through, it will open up further upward space, and gold is expected to test the 2750 line.
2724: The previous high point, pay attention to the pressure in this area in the short term.
2. Support below
2688-2689: It is an important short-term support area. If this position is lost, gold bulls may enter an adjustment, and the trend may turn weak. The downward targets are 2678 and 2660 respectively.
Trading strategy
Gold is currently in a strong rebound stage, and the daily and hourly lines form a resonance upward. It is recommended to operate with low-long as the main and high-short as the auxiliary:
1. Low-long strategy:
When the callback to the 2700-2703 area is not broken, you can arrange long orders, set the stop loss below 2688, and target 2720 and 2750 after breaking through.
2. High-short strategy:
The price hits the 2720-2724 area and is blocked. You can lightly position high-short, set the stop loss above 2725, and target 2705-2700.
Risk warning
In the short term, pay attention to the changes in the US dollar index and the risk aversion sentiment in the international market. If there is significant negative news in the fundamentals, the trend of gold may deviate from technical judgment. At the same time, you need to be alert to the risk of false breakthroughs, control your positions reasonably, and strictly implement stop losses.
CL Bearish Outlook Look like after price took out BSL at the PDH from 80.16 it has moved lower and has been targeting PDLs. There is a nice discount D BISI that I believe price will trade into and if price is truly Bearish then it will trade right through the D BISI CE level and find minimal support and then the next area of focus could be the double bottom at 72.70
Lets continue to watch price and see how it delivers.
Gold market trend analysis next week:
Analysis of gold news: On Friday (January 17), the rise in the U.S. dollar put pressure on gold prices, but due to uncertainty about incoming President Donald Trump’s policies and the market once again bet on further interest rate cuts, gold prices The key $2,700 level was breached, so gold remains on track for a weekly gain. Gold prices hit a new high in more than a month on Thursday, just $65.6 shy of October's all-time high of $2,790.15. Gold prices have gained 0.5% so far this week, their third straight weekly gain, after weaker-than-expected U.S. core inflation data on Wednesday fueled speculation the Federal Reserve will cut interest rates more than once. Traders expect the Federal Reserve to cut interest rates twice before the end of the year, and Federal Reserve Governor Christopher Waller hinted that the Fed may cut interest rates further if economic data weakens further. Despite gold's recent strong performance, some analysts say the metal still needs to break out of the consolidation period of the past two months to achieve greater gains.
The market is now eagerly awaiting Trump's inauguration on January 20, which analysts expect will bring challenges to the gold market. Trump's aggressive rhetoric about supporting US manufacturing through trade tariffs continues to push the US dollar index to a high of more than 109 points, while raising inflation concerns and worries about a global trade war. Outgoing U.S. Treasury Secretary Yellen said that the Treasury Department will take special accounting operations starting on January 21 to avoid breaching the debt ceiling. She again urged lawmakers to take steps to raise or suspend the statutory ceiling. Yellen wrote in a letter to bipartisan leaders of Congress on Friday that she is informing lawmakers that the Treasury Department will use extraordinary measures starting January 21. Fed Governor Waller said that if US economic data weakens further, three or four rate cuts this year are still possible. Traders expect two rate cuts before the end of the year, with Fed Governor John Waller suggesting more could come if economic data weakens further. Gold is often seen as a hedge against inflation and political uncertainty, has no yield, and can benefit from lower interest rates.
Gold prices fell on Friday (January 17) as U.S. inflation data and dovish comments from Federal Reserve officials reignited hopes that the central bank could cut interest rates multiple times this year. U.S. inflation data released earlier this week rekindled market expectations that the Fed could cut interest rates multiple times this year. It closed higher for three consecutive trading days. Gold hit its highest point since December 12, 2024 on Thursday this week at $2,724.61. The dollar index is expected to fall about 0.5% this week, ending a six-week winning streak. After the release of U.S. core inflation data on Wednesday, traders began to digest the expectation that there could be two rate cuts this year. Gold has been supported this week by weaker-than-expected U.S. economic data such as PPI and CPI data and dovish comments from Fed policymakers. The continued uncertainty in 2025 further enhances the appeal of gold.
Gold technical analysis: I believe that friends are aware of the importance of the high point near 2,726. The previous two shocks have successfully ushered in a sharp decline, indicating a large amount of short suppression. At present, the impact is blocked again, and the day has ushered in a volatile downward trend, breaking this week's slow bullish trend. On the 4-hour chart, the market has surged upward many times, but the momentum of the bulls has not increased. Moreover, the 4-hour price has moved outside the upper Bollinger Band, which is a bit overbought. Now that the price is so high, let's not chase the price higher. The high position is a bit passivated and needs to be adjusted and repaired. High-altitude operation can be considered, but the position must be chosen correctly. When the price of gold has corrected in place, it may be easier to go long at a low level than short at a high level. You just need to pay more attention and don't blindly chase long positions. Judging from the structure of the 1-hour chart, gold has started to rise since around 2596, and the highs and lows have gradually risen. As long as it has not fallen below the key support line, we'd better follow the bullish thinking and let's go again. Looking at the technical indicators, the DIFF line and DEA line in MACD have crossed downward, which shows that the short-term trend is not optimistic. Although the overall trend of gold is still upward, the possibility of a correction in the short term is relatively large. However, this small correction will not change the overall situation. On the whole, gold prices are still trending upward. If the gold price continues to pull back, our team of senior professional analysts believes that we can focus on the price range of 2690 to 2700 and consider buying on dips.
Taken together, in terms of short-term operation ideas for gold next week, our senior professional analyst team recommends mainly longs at low levels during callbacks, supplemented by shorts at rebound highs. The upper short-term focus will be on the 2717-2722 first-line resistance, and the lower short-term focus will be on the 2690-2685 first-line support. .
The Direction of Gold 25.01.20Hello, this is Greedy All-Day.
Today’s analysis focuses on gold.
Gold Daily Chart Analysis
Chart:
Key Observations:
Gold recently broke above its long-term descending resistance trendline.
The resistance trendline began at the high on October 31, 2024, and was broken on January 16, 2025.
After breaking the resistance, gold reached a high near 2761, which failed to break above the top of the orange supply zone.
The current resistance stands at 2759.2, below the orange zone's high of 2761.3, leading to a short-term pullback.
Support Test and Outlook:
The yellow resistance trendline has turned into support after a successful retest.
Although the orange box supply zone has not been broken, the overall bullish momentum remains intact.
Next Resistance Levels:
If 2761.3 is broken, the next resistance lies at 2772.6, the upper wick resistance level within the purple box.
Breaking above 2772.6 could open the door for a potential retest of the all-time high near 2801.8.
Long-Term Trendline and Supply Zones
Chart:
Downside Risk:
A potential short-term trend reversal requires the green box to be broken.
Current key support for a breakdown: 2666 (below this level, gold will likely fall out of the Ichimoku Cloud).
A break below the red box supply zone’s lower boundary (2595) could signal a bearish shift in the larger pennant structure.
Current Gold Levels and Trading Strategies
Chart:
Buy Strategy:
A breakout above 2761.3 is crucial for initiating a long position.
If broken, the next target is the 2772 resistance level, with further potential upside to all-time highs if 2772 is cleared.
Sell Strategy:
Focus on the range between 2729.2–2720.9 for sell signals.
For gold to return to bearish momentum, the current support trendline (yellow) must break and turn back into resistance.
If the price breaks below 2729.2–2720.9, the next support level is the red ascending trendline.
Summary
Bullish Scenario: A breakout above 2761.3 could signal continuation toward 2772.6 and beyond.
Bearish Scenario: A break below 2729.2–2720.9 could lead to a deeper correction toward the red ascending trendline or lower levels.
Stay strategic and monitor key levels carefully for potential opportunities. 🚀
DeGRAM | GOLD bearish takeover in the channelGOLD is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and dynamic resistance.
The chart has reached the 62% retracement level and formed a bearish takeover.
We expect the correction to continue.
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THE KOG REPORT THE KOG REPORT
In last week’s KOG Report we said we would like to see price attempt a brief test of the high, reject and give us the move down which was successful. We then wanted to exit any short trades and find the optimal spot to long back up sticking to the bias and the bias targets as well as the red box targets and Excalibur. Combined, we got the move up from the pivot red box and managed to complete all of our bullish targets ending the week with a phenomenal pip capture tracking this precious metal at nearly every turning point up and down.
A fantastic week again in Camelot not only on Gold but the other pairs we analyse and trade as well.
So, what can we expect in the week ahead?
For this week again we’ll stick with the bullish bias for now. The key level resistance on open is the 2715-14 price point, if rejected we should see a continuation of the move downside into the lower support levels 2700, 2690 and below that the key level and bias level support 2680-5. It’s that lower level that needs to be monitored, as building a base there and upon a clean reversal we feel the opportunity to then long the market again back up into the 2725, 2730 and above that 2740-5 region initially is what we’ll be looking for.
Our weekly red box worked well last week giving the rejection we wanted, and due to the failed break, we would like to see that level attempted again to monitor whether we close above or not. This is really important for gold as another fail can result in another major correction before attempting higher pricing.
KOG’s bias of the week:
Bullish above 2680-5 with targets above 2720, 2730, 2735 and above that 2745
Bearish on break of 2780 with targets below 2670 and below that 2766
RED BOX TRADERS:
Break above 2704 for 2710, 2716, 2735 and 2733 in extension of the move
Break below 2695 for 2788, 2682, 2680 and 2665 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Gold Steadies at$2700 Amid Trump Inauguration &Geopolitical CalmXAU/USD: Gold Prices Steady Near $2,700 – Outlook in a Trumpian Era
Gold prices go easy
Gold prices (XAU/USD) remained steady on Monday morning, fluctuating around $2,700 per ounce as Donald Trump prepared to step onto the podium. With the U.S. observing a holiday (markets are closed) in honor of Martin Luther King Jr., global attention shifts to Trump’s inauguration as the 47th President of the United States.
Trump’s Market-Moving Speech Ahead
Although the specifics of Trump’s speech remain uncertain, analysts speculate that tariffs and tax cuts may emerge as core topics. A softer stance on these points could ease concerns about inflation and reinforce a bullish outlook for gold. Conversely, a more aggressive approach, such as imposing 20% tariffs on imports, might heighten inflation fears and potentially weigh on gold prices.
Trump’s inauguration speech is expected to impact gold prices significantly, as it sets the tone for his administration’s economic policies.
Geopolitical Developments: Ceasefire in Gaza
On a separate note, geopolitical tensions eased on Sunday following confirmation of a ceasefire between Israel and Gaza. The agreement was solidified with Hamas releasing three hostages after some delays, in exchange for Israel freeing 90 prisoners. While gold is traditionally viewed as a safe haven during geopolitical uncertainty, the de-escalation in the Middle East reduced immediate demand for the precious metal.
Gold Technical Analysis
Gold prices are currently consolidating between $2,706 and $2,722 per ounce. The bearish momentum suggests a potential stabilization within the bearish zone, contingent on key levels being breached.
- Bearish Scenario: If prices stabilize below $2,712 and $2,706, further declines to $2,689 and $2,678 are likely, especially if a 4-hour candle closes below $2,706.
- Bullish Scenario: To confirm a bullish trend, prices would need to break above $2,722, potentially targeting $2,739.
Key Levels
Pivot Point: 2712
Resistance Points: 2722, 2739, 2756
Support Points: 2689, 2678, 2665
Trend Outlook
Bullish Trend: Above 2722
Bearish Trend: Below 2706
Copper Short: Targeting Key Support at $4.17Copper is showing signs of exhaustion after recent bullish momentum, prompting a short setup on the 15-minute timeframe. Price action aligns with a potential retracement toward the $4.17 zone, where a critical support level resides.
Why This Trade?
• The overextended rally suggests a short-term pullback.
• Technical indicators point to weakening momentum, making the $4.17 price zone an attractive target.
Plan:
Manage risk effectively, take partials along the way, and let the trade play out toward support. Always remember: stay disciplined and pay yourself along the way.
XAUUSD - Gold will stabilize above $2700?!Gold is above EMA200 and EMA50 in the 4-hour timeframe and is in its ascending channel. If gold climbs to the ceiling of the channel, you can look for positions to sell it towards the midline of the channel. Losing the bottom of the channel will lead to the continuation of the downward trend.
The gold market had a strong start to the first full trading week of 2025. However, as the week progressed, optimism among traders grew, with predictions indicating a potential rally in gold prices ahead of Trump’s second presidential term.
Nevertheless, the market remains cautious about upcoming developments. Rich Checkan, the president and COO of “International Assets Strategies,” believes: “Unless there are any major disruptions during Monday’s inauguration ceremony, I expect gold prices to remain relatively unchanged next week. Market participants are waiting for more clarity on President Trump’s economic policies and their impact on key economic variables. However, one week is insufficient to see tangible effects, and a longer timeframe is needed for better evaluation.”
Bart Melek, the managing director and head of commodity strategy at “TD Securities,” highlighted the potential for higher tariffs and their inflationary effects, predicting a slight dip in gold prices. He stated: “If the new president addresses tariffs, signaling higher inflation, and the Federal Reserve takes a more serious stance on its inflation target, gold prices could decline moderately.”
At the beginning of 2025, gold is trading near $2,700 per ounce, while Bitcoin has approached the $100,000 threshold, placing both assets at the center of attention in emerging markets.
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, forecasts that a correction in stock markets could drive gold prices above $4,000 this year. He remarked: “Gold reaching $4,000 will eventually happen. The unlimited supply of fiat currencies and the limited supply of gold, similar to Bitcoin, make this likely. However, my concern is that a natural and modest correction in the stock market, which is currently overvalued, could push gold to such levels.”
McGlone pointed out that the ratio of stock market value to U.S. GDP is around 2.2x — an unprecedented figure in the last 100 years. He emphasized that even a 10% correction in the stock market could provide the necessary momentum for gold prices to surge.
XAUUSD One Resistance remains before it marches to $3000.Last week's call on Gold (XAUUSD) gave us an excellent pull-back buy entry on the 4H MA50 (blue trend-line) and reached not only the top of the Channel Up but almost Resistance 1 as well:
Reaching Resistance 1 has always been a strong bullish signal for the long-term Channel Up that started more than 1 year ago on the October 06 2023 Low. As you can see, both two times that the price broke above the Triangle pattern of its Bearish Leg and tested Resistance 1, it eventually broke it, confirming the new Bullish Leg.
All three break-out Legs have 1D MACD Bullish Crosses to show for. With both previous Bullish Legs peaking upon at least a +21.85% rally, we expect Gold to hit $3000 minimum by April.
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GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,706.25.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,790.68 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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According to the 1h analysis, I'm personally looking for a sellAccording to the 1h analysis, I'm personally looking for a selling opportunity from the resistance area.
But remember one thing if the price successfully closes above 2718.00, then stay away from selling. So don’t place any advance orders for now. Use good bearish confirmation for the entry.
XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717.
If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction.
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD → A change in fundamental background. Strong resistanceFX:XAUUSD faces strong resistance at 2721 and enters correction phase, which also coincides with the change of fundamental background and economic data
Weakening geopolitical tensions in the Middle East have reduced demand for safe-haven assets such as gold, the US dollar and US bonds. In addition, expectations of stimulus measures from China improved market sentiment.
Despite this, the downward trend for gold may remain limited due to Trump's rather risky policies and expectations of two Fed interest rate cuts later this year. Overall, gold prices are likely to be volatile in the short term due to holiday market conditions and Trump's upcoming executive orders.
Technically, the price is inside a symmetrical triangle, which in turn is located inside an ascending channel. If the resistance is not broken, pressure will be applied to the support....
Resistance levels: 2713, 2717, 2721
Support levels: 2702, 2697, 2690
A retest of 2702 will increase the chances of support breakdown and further fall. It can happen after the resistance retest. I do not exclude a false breakdown of one of the mentioned resistance levels before a further fall.
Regards R. Linda!
Copper - Markets are waiting for Trump's new decisions!Copper is above EMA200 and EMA50 in the 4-hour timeframe and has left its descending channel. The downward correction of copper will provide us with the opportunity to buy it with the appropriate risk reward. If the upward trend continues, you can sell copper in the next supply zone.
In recent days, the value of the U.S. dollar has risen, and Treasury yields have also increased. These developments are primarily driven by expectations that the Federal Reserve will proceed cautiously with interest rate cuts this year.
President Trump’s promises to raise tariffs, reduce corporate taxes, and deregulate industries have sparked concerns about rising inflation, which was already persistent even before these policies were implemented. Meanwhile, the U.S. economy appears robust, with strong labor market performance in November and December, indicating that the Federal Reserve may not feel pressured to accelerate interest rate cuts.
According to projections, investors anticipate that interest rates will decrease by approximately 0.4% by December 2025. This expectation persists despite reports suggesting the new U.S. administration will implement tariff hikes gradually and December inflation data came in lower than expected.
The U.S. Tax Foundation estimates that if the U.S. imposes a 60% tariff on imports from China and a 20% tariff on imports from other countries, the average tariff rate would climb to 17.7%. This would represent the highest level recorded since the 1930s. Trump has pledged to impose steep tariffs on goods imported from various nations; however, economists have warned about the potential consequences of such policies.
In a recent Reuters survey, all participating economists predicted that the Federal Reserve would maintain interest rates within the range of 4.25%-4.50% during its January 29 meeting. Additionally, 61 out of 103 economists expect the rate to decrease to 4.00%-4.25% by March.
The survey results also reveal that 65 out of 102 economists believe the Federal Reserve will reduce interest rates no more than twice this year (compared to 41 out of 97 in the December survey who held this view). Moreover, 40 out of 49 economists surveyed by Reuters forecast that U.S. inflation in 2025 will likely exceed expectations.
Scott Bassant, the nominee for Treasury Secretary in President-elect Trump’s administration, described China’s economy as being in recession. Taking a more pessimistic tone, Bassant labeled China as one of the most unbalanced economies in the world, highlighting the country’s prioritization of military strength and efforts to maintain growth by exporting cheap goods to the rest of the world.
GOLD - Price can fall a little and then continue to move up nextHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price dropped from $2705 level and fell to $2536 points, breaking $2610 level and entering to triangle.
In this pattern, price at once made an upward impulse to resistance area and then made correction movement.
After correction, price some time traded near $2610 level and then exited from triangle and rose back to resistance area.
Then Gold turned around and dropped to support area, after which started to grow inside a rising channel.
In channel, price broke $2610 with $2705 levels and now trades very close to $2705 level in resistance area.
So, I think that Gold can fall a little below than support level and then continue to grow to $2750 points in rising channel.
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GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,659.028 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Gold cools as fighting eases in GAZA#️⃣ The Israeli Prime Minister officially announced that he will ratify the ceasefire agreement in Gaza! Trump repeated: I have merit
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⭐️Israeli Prime Minister Netanyahu confirmed that the ceasefire agreement with Hamas has been completed and will take effect on Sunday, right before Donald Trump takes office as US president.
✔️The agreement brokered by Biden, Trump and Qatar includes: Hamas will release 33/98 hostages, Israel will withdraw troops from Palestinian residential areas and release 1,000 Palestinian prisoners.
➡️Trump asserted that this agreement would not have been possible without his participation, while Biden emphasized his desire for a long-term ceasefire to stabilize the region.
🔴
There are many mixed opinions within Israel: the extreme right wing opposes the agreement, while the Israeli stock market increased sharply by 4.4% last week due to positive expectations from the agreement.
Political Situations Are Calming Down as Trump Takes Office, Cooling Down Gold
Moving Investors Money to Crypto Market, Hottest Place Right Now
GOLD BULLSH MOVE, REASONS?? ( READ CPTION)Hello everybody, I hope you are doing well, Happy Weekend.
I hope you had great weekend, The market is going to open tonight.
Im back with my new idea for next week, as you can see gold has broken trendline, hit sell side liquidity, after hit the sell side liquidity gold has fallen and there was Supply zone.
There was 3 taps in down and up trend line but gold has broken down trend line, strong bullish momentum, gold has fallen from Supply zone, Im excited gold will fly from the OB area, its demand zone also in H1 TF. You know there is a FVG in H4 with medium accuracy, there is a buy side liquidity.
Price can break the supply zone area after touch OB, and it can reach at the previous ATH 2790.
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Upstream Oil & Gas going Higher!?Strong growth in oil production outside of OPEC+ in addition, EIA forecasts continued increasing US crude oil production in 2025 and 2026. OPEC looks to also keep production output levels lower to keep crude prices higher. Natural gas is more localized, and could in theory have more of an impact on prices. Producer, wouldn’t increase production much because it would hurt profits thus less production keeping prices higher.