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GOLD: Buy or Sell ?Dear friends, Ben here! Gold begins the new week with a slight decline, retreating from the one-month high reached on Friday. Hawkish expectations from the Fed, rising U.S. Treasury yields, and a stronger USD are weighing on the precious metal in the short term. On the other hand, risk-off sentiment might provide support for the safe-haven pair XAU/USD and help limit further losses. :) From a technical perspective, gold confirmed a bullish breakout from a month-long symmetrical triangle pattern on January 8, further reinforcing the ongoing bullish momentum. It is likely that the struggle will continue, and the price may retest the previously broken boundary or the liquidity zone at 2675–2665, which will determine the next phase of developments. Resistance level: 2698 Support levels: 2685, 2665 The situation remains volatile, as numerous factors are exerting pressure on the price. Accordingly: If, after the retest, buyers manage to hold the price above the 2680–2685 support zone, the upward momentum could continue in the medium term. However, if the bullish support structure breaks and sellers push the price below 2680, this could trigger a correction down to 2665 or 2650 before the uptrend resumes.
OANDA:XAUUSDLong
by Bentradegold
2
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
Potential bullish rise?The Gold (XAU/USD) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 2,658.19 1st Support: 2,637.52 1st Resistance: 2,689.56 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
Navigating the Oil Market volatile prices Crude oil prices have been on a roller coaster ride in recent times, influenced by a multitude of factors, including geopolitical tensions, economic indicators, and OPEC+ production decisions. Let's break down the key elements affecting the current oil market: The Russia-Ukraine War and Sanctions The ongoing conflict between Russia and Ukraine has been a significant driver of oil price volatility. Russia is a major oil exporter, and the Western sanctions imposed on the country have disrupted global supply chains. This has led to supply concerns and consequently, higher oil prices. OPEC+ Production Cuts The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have been actively managing oil production levels to stabilize the market. Their decision to cut production has had a direct impact on increasing oil prices. This move aims to balance supply and demand, ensuring oil prices remain at profitable levels for member countries. US Oil Production and Inventory Levels The United States is a major oil producer, and its production levels and inventory change s influence global oil prices. While US production has increased, it hasn't been enough to offset the supply disruptions caused by the Russia-Ukraine conflict and OPEC+ production cuts. Lower US oil inventories have also contributed to the upward pressure on prices. Oil Algorithmic Traders Loosen Grip on Market After Back to Back Annual Losses Gusgraph.com Global Economic Recovery and Demand The global economic recovery from the COVID-19 pandemic has led to increased demand for oil. As economies reopen and travel picks up, the demand for fuel has surged, putting upward pressure on oil prices. Other Factors In addition to the above factors, other elements such as geopolitical tensions in the Middle East, currency fluctuations, and speculative trading can also impact oil prices. In conclusion, the current oil price surge is a result of a complex interplay between geopolitical events, supply and demand dynamics, and economic indicators. The Russia-Ukraine conflict, OPEC+ production cuts, and robust global economic recovery are the primary drivers pushing oil prices higher. Navigating the Oil Market: A Day Trader's Guide The oil market is a dynamic and complex arena, presenting both significant opportunities and formidable challenges for day traders. Understanding the key drivers of oil price fluctuations is crucial for developing effective trading strategies. Key Factors Influencing Oil Prices: Geopolitical Events: The ongoing conflict in Ukraine and the resulting sanctions on Russia have significantly disrupted global oil supply chains. Geopolitical instability in the Middle East, a major oil-producing region, can also trigger price volatility. OPEC+ Production Decisions: The decisions of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) regarding production cuts or increases have a direct and significant impact on oil prices. Global Economic Growth: Strong economic growth translates to increased demand for energy, driving up oil prices. Conversely, economic slowdowns can lead to lower demand and lower prices. US Oil Production and Inventories: Changes in US oil production and inventory levels play a crucial role in influencing global oil prices. Currency Fluctuations: The value of the US dollar against other major currencies can impact oil prices, as oil is typically priced in US dollars. Day Trading Opportunities in the Oil Market: The volatile nature of the oil market presents several trading opportunities for skilled day traders: Identifying Trends: Identifying and trading with the prevailing trend (uptrend, downtrend, or sideways) is crucial. Technical analysis tools like moving averages and trend lines can be valuable in this regard. Capitalizing on News Events: Anticipating and reacting to news events, such as OPEC+ meetings, geopolitical developments, and economic data releases, can provide significant trading opportunities. Volatility Trading: High volatility periods can create short-term trading opportunities, but require careful risk management and a robust trading plan. Scalping: Scalping involves taking small profits on small price movements. This strategy requires quick decision-making and a deep understanding of market dynamics. Key Considerations for Day Trading Oil: High Volatility: The oil market is known for its volatility, which can present both significant opportunities and risks. Risk Management: Implementing strict stop-loss orders and position sizing strategies is crucial to manage risk effectively. Fundamental Analysis: Stay informed about geopolitical events, economic data, and industry news to make informed trading decisions. Technical Analysis: Utilize technical indicators such as moving averages, RSI, and MACD to identify entry and exit points. Emotional Control: The volatile nature of the oil market can trigger emotional responses. It's crucial to maintain discipline and avoid impulsive trading decisions.
EIGHTCAP:USOUSD
by Gusflier
1
Gold fell back after an unsuccessful breakout Recently, the price of gold has been fluctuating upward, successfully breaking through the previous channel structure and once reaching the $2,700 level. However, after the high, the market momentum has weakened significantly, and the upward trend failed to continue during today's Asian and European sessions. After the opening of the US market, the price of gold quickly turned downward, breaking through the key support of $2,680, and returned to the previous channel. From a technical point of view, the short-term high point of the gold price has gradually moved down, and the market has shown a clear weak trend. The price has formed a rhythm of "fast decline and slow rise" in the fluctuation, and the short-selling force is dominant. At present, the $2,664-2,660 area below has become an important short-term support level. If this position is effectively broken, the price is expected to further test the key support level of $2,650. On the upside, pay attention to the $2,680-2,675 area. If the pressure level at the top of this channel can be broken, the gold price may usher in another opportunity for a rebound. The strength of the price trend shows that the long and short forces are alternately strengthened, but the short trend is slightly dominant; the RSI indicator hovers below the neutral area, indicating that market sentiment tends to be conservative. From the daily level, gold failed to break through and turned to a correction, and the overall trend is bearish. In general, gold is still in the stage of falling after multiple failed upward explorations. In terms of operation strategy, it is recommended to focus on rebound shorting, and pay attention to the reaction of the key pressure area of ​​2675-2680 US dollars above. If it falls below 2660 US dollars, short orders can be considered to follow up gradually, looking at 2650 US dollars or even lower levels. It is necessary to pay close attention to market news, especially the potential impact of the Fed's policy trends and changes in the US dollar index on gold.
FOREXCOM:XAUUSDShort
by RonPeter_Trading
WILL GOLD'S H4 WEAKNESS LEAD TO MORE PRICE DECLINE?Gold is showing weakness on the H4 timeframe with a heavy price fall below a swing low in yesterday's trading. The metal's price is now rising toward a previously created resistance level. Will there be a price rejection at the resistance level, or will the price zoom past it to create another swing high? N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
OANDA:XAUUSDShort
by BullBearMkt
USD soars, GOLD corrects but conditions remain bullishAfter last week's surge, OANDA:XAUUSD Spot trading suddenly suffered a fierce correction and the upward momentum was limited. US bond yields soared, the US Dollar strengthened and investors' profit-taking activities affected the trend of gold. In addition, news of a ceasefire in the Middle East also negatively impacted gold prices. OANDA:XAUUSD fell again as US Treasury yields rose to their highest since November 2023. The US Dollar Index surpassed 110.00 in trading on Monday, pressuring gold prices. The dollar index rose to its highest since November 2022 after the US jobs report emphasized the strength of the economy and clouded the prospect of interest rate cuts by the Federal Reserve. A rising Dollar will make gold less attractive. The latest New York Fed survey shows one-year inflation expectations at 3% and interest rate futures traders are pricing in a Fed rate cut this year of less than 25 basis points. copies, or less than once. Because gold does not generate interest, a high interest rate environment reduces its appeal to investors. A ceasefire in Gaza could take place as early as this week White House national security adviser Jake Sullivan told Bloomberg on Monday that the Biden administration believes a ceasefire in Gaza could be reached as early as this week. He added that there was no guarantee that all parties would agree to such a deal. In an interview with Bloomberg, Sullivan said US President Joe Biden's administration has contacted Trump's newly elected team and is looking to form a united front on this issue before the transfer of power in Washington on January 20. Previously, Britain's Reuters quoted officials familiar with the negotiation process as saying on Monday that mediators had submitted a draft "final agreement" to the warring parties on a ceasefire and the release of children. believe. Officials said that in addition to delegations from both Israel and Kazakhstan, current US President McGurk and President-elect Trump's Middle East envoy Steve Witkoff were also present at the peace talks. hosted by Qatar Prime Minister Mohammed in Doha. Reuters said the talks achieved a breakthrough after midnight on Sunday and mediators led by Qatar immediately submitted a draft ceasefire agreement to Israel and Kazakhstan. Analysis of technical prospects for OANDA:XAUUSD Although gold has adjusted down significantly from the important confluence level, readers should pay attention to previous publications at the Fibonacci retracement of 0.382% confluence with the upper edge of the green price channel and one side of the triangle. purple price. But the downside correction was also limited after reaching target support at the 0.50% Fibonacci retracement level. Currently, gold is recovering from the 0.50% Fibonacci level, but first it needs to break the technical point of 2,676 USD, then the target is around 2,693 - 2,700 USD in the short term. Up to now, gold still has conditions to increase technically with supporting factors from EMA21, POC Volume Profile and the green short-term rising price channel. Along with that, the Relative Strength Index maintained its activity above 50, also quite far from the overbought area, showing that there is still room for price increases ahead. During the day, the technical outlook for gold is bullish with notable points listed as follows. Support: 2,664 – 2,650USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2688 - 2686⚡️ ↠↠ Stoploss 2692 →Take Profit 1 2681 ↨ →Take Profit 2 2676 BUY XAUUSD PRICE 2644 - 2646⚡️ ↠↠ Stoploss 2640 →Take Profit 1 2651 ↨ →Take Profit 2 2656
OANDA:XAUUSD
by Xayah_trading
XAUUSD H1 | Bearish Fall off?Based on the H1 chart the price is approaching our sell entry level at 2,681.62, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 2,665.01, just above the recent swing low, marking a significant support level. The stop loss is set at 2,697.95, a swing high resistance zone, providing room for price fluctuations while protecting against invalidation of the bearish setup. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
GOLD has bullish conditions, pay attention to inflation dataOANDA:XAUUSD is accumulating upward momentum, rising to a new multi-week high above $2,680 an ounce. The technical outlook shows that gold prices have shifted to an uptrend in the near future. Next week, key economic indicators from China and the US inflation data will likely drive gold price movements. The US government on Friday released a nonfarm report showing 256,000 new jobs were created last December, far higher than the expected 160,000 and the biggest increase in nine months. The unemployment rate in December was 4.1%, also the lowest with an expected value of 4.2%. Reasons for OANDA:XAUUSD The recovery after Friday's decline was due despite stronger-than-expected US nonfarm payrolls data, reducing the likelihood of a sharp interest rate cut by the Federal Reserve this year. However, the Trump administration's upcoming policies have brought uncertainty, increasing gold's safe-haven appeal. It can be quite certain that, as soon as Trump takes office, a series of major changes in US economic and foreign policy will suddenly change and gold will always benefit in an economically unstable environment. geopolitics. Gold investors will wait for US inflation data Early next week, investors will pay attention to China's December trade balance data. A significant increase in China's trade surplus could support gold prices during the Asian session next Monday. Next Wednesday, US December inflation data could trigger gold's next big move. The market expects the US Consumer Price Index (CPI) to rise 0.3% month-on-month in December, but core CPI to fall 0.1% over the same period. If CPI is higher than expected, the immediate market reaction could boost the USD and cause gold to fall. On the other hand, negative data could make it difficult for the USD to find demand and help gold maintain its position or push gold prices higher. Gold investors will wait for US inflation data Early next week, investors will pay attention to China's December trade balance data. A significant increase in China's trade surplus could support gold prices during the Asian session next Monday. Next Wednesday, US December inflation data could trigger gold's next big move. The market expects the US Consumer Price Index (CPI) to rise 0.3% month-on-month in December, but core CPI to fall 0.1% over the same period. If CPI is higher than expected, the immediate market reaction could boost the USD and cause gold to fall. On the other hand, negative data could make it difficult for the USD to find demand and help gold maintain its position or push gold prices higher. China's fourth-quarter gross domestic product (GDP) data could influence gold trends during the Asian trading session next Friday. Analysts expect China's annual GDP growth rate to reach 5.1% in the fourth quarter, higher than the 4.6% growth rate in the third quarter. A positive surprise could help gold prices edged higher, while disappointing GDP data could weigh on gold prices. Market participants will also pay attention to new developments surrounding Trump's tariff strategy. While gold benefits from risk aversion, a sharp rise in US Treasury yields could limit gold's gains. The economic calendar needs attention next week Tuesday: US PPI Wednesday: US CPI, Empire State Manufacturing Survey Thursday: US Retail Sales, Philly Federal Reserve Survey, Weekly Jobless Claims Friday: Housing construction starts and construction permits in the United States Analysis of technical prospects for OANDA:XAUUSD From a technical perspective, on the daily chart, gold has achieved conditions for a short-term uptrend although the upward momentum is being hindered by the 0.382% Fibonacci retracement level. And once gold breaks above $2,693 it will be ripe for upside with a target of around $2,730 in the short term. In terms of support factors, the POC Volume Profile level will be the closest support, combined with the EMA21 and Fibonacci 0.618% creating a reliable support area for each correction to ensure that, as long as gold does not If it breaks below the 0.618% Fibonacci level, it still has the potential to increase in price in the near future. Meanwhile, the Relative Strength Index is also pointing up from level 50, still quite far from the overbought level with a significant slope, this is a signal for room for price increases in the near future. On the other hand, an uptrend price channel has also just been formed. In the coming time, the technical outlook for gold tends to increase in price with notable levels listed as follows. Support: 2,676 – 2,664USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2711 - 2709⚡️ ↠↠ Stoploss 2715 →Take Profit 1 2704 ↨ →Take Profit 2 2699 BUY XAUUSD PRICE 2661 - 2663⚡️ ↠↠ Stoploss 2657 →Take Profit 1 2668 ↨ →Take Profit 2 2673
OANDA:XAUUSD
by Xayah_trading
1
Gold maintaining a solid uptrend The strong dollar is currently preventing gold prices from surpassing the critical 2695 resistance level. Nevertheless, gold prices are on a steady upward trajectory, driven by a strong demand for safe haven as investors flock to gold. This week, the direction of gold prices will hinge on the December CPI data. Markets anticipate that the CPI (YoY) will rise to 2.9% in December, up from 2.7%. Should inflation numbers exceed expectations, it could significantly dampen the Fed's willingness to cut interest rates. It is crucial to recognize that CPI results above market consensus may prompt a surge in the dollar, likely resulting in a decline in gold prices. After testing the resistance at 2695, XAUUSD returned some gains and retreated to 2671. However, XAUUSD sustains a solid uptrend within the ascending channel, awaiting further price triggers. If XAUUSD breaches above the channel’s upper bound and the resistance at 2695, the price may gain upward momentum toward 2725. Conversely, if XAUUSD breaks EMA78 and the channel’s lower bound, the price may fall further to the support at 2635.
OANDA:XAUUSD
by inkicho_exness
The Wheat Revelation: A Privilege to See the CodeThe Wheat Revelation: A Privilege to See the Code "You’ve always felt it—the hum of something deeper beneath the markets, the unseen forces at play. Today, you are invited to glimpse the truth." The Commitment of Traders (COT) strategy has unveiled another red pill: the Wheat market is primed for a bullish move. This is no ordinary signal; it is a rare alignment of forces, a convergence of codes that point to a potential market shift. But we do not act blindly. We do not rush headlong into the storm. Instead, we wait for the signal—a confirmed bullish trend change on the daily timeframe. Patience will unlock the reward. Let me show you the code: CODE 1: The COT Index The commercials, the smartest players in the market, are very long relative to the 26-week index lookback. This positioning is not noise; it’s a whisper from those who understand the market’s heartbeat better than anyone else. CODE 2: Net Positioning Extremes Commercials are hovering around their maximum long positioning since December 2023. But it gets better: we see the "Bubble Up" phenomenon between the net positions of Commercials and Large Specs. This divergence is a hallmark of major market turning points. CODE 3: Open Interest The recent multi-week downtrend has coincided with a large increase in Open Interest. The question is: who is driving this increase? The answer is as bullish as it is clear—Commercials are loading up, signaling a seismic shift beneath the surface. CODE 4: Valuation Wheat is undervalued relative to US Treasuries. This imbalance cannot persist indefinitely. Markets correct, and when they do, the opportunity to ride the wave is immense. CODE 5: True Seasonal Strength Seasonality is on our side. History tells us that Wheat often exhibits strength until May, and this year appears no different. CODE 6: Accumulation The code is crystal clear: Bullish spread divergence between front and next-month contracts. Indicators like POIV, Insider Accumulation Index, and ProGo point to heavy accumulation by smart money. CODE 7: Large Speculators Moving to Buy Side In this week’s COT data, we see the Large Speculators reducing their shorts. The Large Specs are the ones that will drive a trend. It appears that maybe, the large specs see what you and I see, and are preparing for an impending bullish move. Other Signals of Strength Technical indicators like %R, Ultimate Oscillator, and Stochastic all converge, painting a picture of imminent bullish potential. What Does This Mean for Us? We do not jump into the market simply because the conditions are ripe. Instead, we wait for confirmation. A bullish trend change on the daily timeframe is the key that unlocks the door. Until then, we prepare. We watch. We wait. Are you ready to see beyond the noise of the markets? To decode the signals others overlook? Follow me for more insights, and if you’re ready to take the red pill, join me on this journey to uncover the truth behind the markets. The choice is yours.
CBOT:ZW1!
by Tradius_Trades
XAUUSD - 4hr | Rising WedgeSimple Trading: Rising Wedge Pattern GOLD has been trailing up for the past week. The Price of gold has currently broken below the rising wedge pattern, which means a huge sell-off may occur. At the moment, we are waiting for the retest of previous support to confirm new resistance. Once the New resistance is confirmed, we will see price reject the 2680-90 area and push toward the new bearish target of 2615. Pay close attention to the smelling time frames. Look for FVG's to take sell positions
SAXO:XAUUSDShort
by nikdobii
Weekly Market Forecast Jan 13, 2025This is an outlook for the week of Jan 13-17th. In this video, we will analyze the following FX markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper The indices look set to move lower this week, with the possible exception of the DOW. The metals are rallied on Friday, and may continue upward this week, despite a relatively strong USD. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!
by RT_Money
7
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower with a lower wick, as anticipated, with a downward move at the start of the week. As mentioned, the area below 20,700 was a potential support zone for a rebound, and the market successfully bounced back. On the daily chart, the MACD and Signal lines have both dropped below the zero line, marking the first time the MACD has fallen below zero since September last year. Yesterday’s analysis focused on trading around the 3-day moving average; today, trading at the 5-day moving average is expected. A range-bound movement between the 3-day and 5-day moving averages is likely, and if the pre-market touches the 5-day moving average first, it will provide a favorable opportunity for sell-side strategies. While it is uncertain whether the 120-day moving average will be tested for support on the downside, the MACD's dip below zero suggests the potential for accelerated selling. If an overshooting move occurs on the downside, be prepared for a possible drop to the 20,300 area. The market may consolidate at support levels to form a base before reversing its trend. Monitoring the alignment of short-term moving averages on lower timeframes can help identify the reversal point. On the 240-minute chart, selling pressure continues, and the MACD has yet to cross the Signal line in a golden cross. A strong golden cross could trigger a sharp rebound, but if the MACD turns downward again, further declines are possible. Be prepared for both scenarios and adjust accordingly. Oil Crude oil closed higher, supported by potential U.S. sanctions on Russian oil exports. The price has risen to the $79 previous high level, and with the significant divergence from the 5-day moving average, corrections could occur at any time. On the monthly chart, oil has reached the upper Bollinger Band, indicating that managing risk with sell-side strategies at the highs may be more effective than chasing prices upward. On the 240-minute chart, the RSI remains in overbought territory, suggesting that the current trend may continue. However, short sell strategies should be approached cautiously and with short timeframes. The MACD and Signal lines show significant divergence and steep angles, indicating the potential for step-like upward movements even during corrections. Focus on buying at major support levels during pullbacks, but remain cautious as sharp declines could occur unexpectedly. A conservative perspective is advised. Gold Gold closed lower, facing resistance from selling pressure driven by rising Treasury yields. On the weekly chart, the MACD has turned downward, signaling stronger selling pressure. The daily chart shows the MACD above the zero line, but the Signal line has yet to cross above zero, suggesting a consolidation phase as the MACD moves closer to the Signal line. This places gold in a broad range-bound scenario. Ahead of today’s PPI and tomorrow’s CPI releases, gold is expected to trade sideways. On the 240-minute chart, a sell signal has appeared, but with the MACD and Signal lines above zero and diverging, sharp declines are less likely. Instead, support and consolidation around the 2,680 level are more probable. Focus on range-trading strategies, and exercise caution around the PPI release. Market Conditions The market is currently unsettled due to corrections in big tech stocks, Trump’s inauguration, and declines in quantum computing-related stocks. The VIX index is also showing a sharp upward trend, indicating heightened volatility. Be mindful of risk management under these conditions, and have a successful trading day! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,990 / 20,890 / 20,840 / 20,740 -Sell Levels: 21,160 / 21,200 / 21,300 / 21,350 Oil - Bullish Market -Buy Levels: 77.70 / 76.60 / 75.70 / 74.50 -Sell Levels: 79.45 / 79.90 Gold - Range-bound Market -Buy Levels: 2,677 / 2,672 / 2,666 / 2,661 / 2,654 -Sell Levels: 2,692 / 2,705 / 2,712 / 2,717 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are set as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Long waited Bulls finally arrive to the Oil MarketsWith inflationary Pressures as high as ever and the expansion of conflicts worldwide but mainly In or around Oil-producing Countries , added to that the growing fears of a US-Chinese Conflict in and about the Island State of Taiwan. all these prospects and Events are driving factors for a surge in oil prices, Yet as devoted technical analysts we believe that world events are just the reasoning behind whatever the charts want to go. So a bullish analysis was the one that the oil had, the Buying zones of the low 60s worked as resting recliner chair for the oil for the good of a year but nothing stays the same for long, as buyers and sellers were Eying the magnificent Gold moves the oil started what can be a stratospheric launch leading to a whole different economic balance for the next Decade. Important zones are 87 and 95 with targets as high as mid 120s TVC:USOIL
TVC:USOILLong
by sajadalturfy96
US Sanctions Send Oil Prices to 4-Month High Oil prices have surged to a four-month high following the announcement of new U.S. sanctions targeting oil exports. This sudden price spike reflects the market's sensitivity to geopolitical events and the potential global oil supply disruption. The sanctions, aimed at Russia and potentially India, have immediately triggered concerns about reduced supply, pushing prices upward. This article delves into the details of these sanctions, their potential impact on the oil market, and the broader economic implications. The Sanctions and Their Target The U.S. government has imposed new sanctions on Indian shipping companies. These sanctions specifically target the country's or entities' ability to export oil, a crucial source of revenue. The rationale behind these sanctions, as stated by the U.S. government, is to punish countries that trade for Russia’s oil during a war with Ukraine. The U.S. aims to exert economic pressure on the targeted entity by restricting oil exports, forcing them to change their policies or behavior. Immediate Market Reaction The oil market reacted swiftly to the news of the sanctions. Both Brent crude and West Texas Intermediate (WTI), the global benchmarks for oil prices, experienced significant jumps, reaching levels not seen in four months. This immediate price surge underscores the market's anticipation of reduced supply. Traders are factoring in the potential loss of barrels from the market, leading to increased buying activity and pushing prices higher. Potential Impact on Global Oil Supply The extent of the impact on global oil supply depends on several factors, including the volume of oil previously exported by the sanctioned entity and the ability of other oil-producing nations to compensate for the lost supply. If the sanctioned entity was a significant exporter, the impact on global supply could be substantial, leading to further price increases. Conversely, if other producers can ramp up production to offset the shortfall, the price impact might be mitigated. Impact on Consumers Rising oil prices inevitably translate to higher prices at the pump for consumers. This increase in gasoline prices can have a ripple effect throughout the economy, impacting transportation costs, the price of goods and services, and overall inflation. Consumers may face higher costs for commuting, travel, and everyday purchases. Impact on Businesses Businesses, particularly those in transportation, logistics, and manufacturing, are also significantly affected by rising oil prices. Higher fuel costs increase operating expenses, potentially squeezing profit margins. Businesses may be forced to pass these increased costs on to consumers, further contributing to inflationary pressures. Geopolitical Implications These sanctions and their impact on oil prices also have broader geopolitical implications. They can strain relationships between the U.S. and other countries, particularly those that rely on oil imports from the sanctioned entity. The sanctions can also create opportunities for other oil-producing nations to increase their market share. Strategic Petroleum Reserve (SPR) In response to potential supply disruptions, governments may consider releasing oil from their strategic petroleum reserves (SPR). The SPR is an emergency stockpile of crude oil maintained by several countries, including the U.S. Releasing oil from the SPR can temporarily increase supply and help stabilize prices. However, the effectiveness of this measure depends on the size of the release and the duration of the supply disruption. Long-Term Outlook The long-term impact of these sanctions on oil prices is uncertain. It depends on various factors, including the duration of the sanctions, the response of other oil-producing nations, and the overall state of the global economy. If the sanctions remain in place for an extended period and other producers cannot fully compensate for the lost supply, oil prices could remain elevated. Conclusion The recent surge in oil prices following the announcement of new U.S. sanctions highlights the interconnectedness of geopolitics and energy markets. The sanctions, aimed at exerting pressure on India and Russia, have triggered concerns about reduced oil supply and have led to a significant price increase. The impact of these sanctions will be felt by consumers, businesses, and the global economy as a whole. The situation underscores the importance of monitoring geopolitical events and their potential impact on energy markets. While the long-term outlook remains uncertain, the immediate impact is clear: higher oil prices and increased volatility in the energy sector.
TVC:USOILLong
by bryandowningqln
1