Commodities
USOIL Will Go Higher From Support! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 67.101.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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$50 Silver"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities
Price target = $50
Fractal backbone + Room in technicals for such move.
Price target was established in June 2021.
Time frame pushed up in anticipation of 2023 bear.
GOLD / Dropped $47 and Reversed, Again Bearish MomentumGold Technical Analysis
The price dropped and reached our targets 2623 and 2613 and reversed quickly, as we mentioned yesterday,
Today also has a bearish momentum as long as trades below 2653 will drop to get 2623 and 2612, below 2612 will touch 2585, and we have the retest possibility to 2653.
To be a bullish trend till 2661 and 2678, the 4h candle should be closed above 2653.
Key Levels:
Pivot Point: 2641
Resistance Levels: 2653, 2661, 267
Support Levels: 2624, 2612, 2585
Trend Outlook
Bearish Momentum: Dominant as long as the price remains below 2649 and especially 2638.
previous idea:
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty
Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors?
---
A Safe Haven in Chaotic Times
During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal.
Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation.
---
Macroeconomic Trends Supporting Gold Prices
1. Monetary Policy and Real Interest Rates
Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset.
2. Growing Demand for Gold
Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth.
3. Geopolitical Tensions
Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value.
---
Gold in the Digital Age
Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market.
---
Forecast: Will Gold Hold Its Shine?
Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include:
- Further interest rate cuts in Europe and the United States.
- Rising geopolitical and political tensions, increasing demand for protective assets.
- Sustained high demand from central banks and financial institutions.
In the long term, gold appears to be an excellent hedge against inflation and market volatility.
---
Conclusion
Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio.
Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
Gold 1H Intra-Day Chart 06.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Option 2: If Gold moves above $2,690 next week then we can see a mid term bull trend towards $2,740 before it drops back down again.
GOLD FURTHER SELL OFF?! (UPDATE)Even today's NFP data couldn't push enough volatility into Gold to invalidate our structure🦾 Today's positive NFP data should have pushed Gold down aggressively, but price is still ranging within a 'Flat Corrective' schematic in-between Wave A & Wave B.
We will see push Gold down but ONLY AFTER a 'Flat Corrective' phase has finished playing out. The market will flush out & liquidate all the impatient traders first, then push us higher profits.
The plan to go long on crude oil beginsBros, today's NFP market is somewhat disappointing. Gold did not activate our limit orders during the rebound. So we don't have a good position to participate in gold trading.
At present, I pay more attention to crude oil than to gold. At present, crude oil has fallen to around 66.95 and has not effectively fallen below 67. Moreover, crude oil has repeatedly turned the tide in the 67-66 area, successfully stopped the decline and successfully reversed the trend, so crude oil has now entered a strong buying area.Therefore, crude oil is currently at a very attractive price near 67. I think there will be a large influx of buying funds in this area, thus supporting the oil price to rise again.
Then I think we can start to go long on crude oil in this position area! Wish us good luck! Bros, are you also bullish on crude oil in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GOLD ROUTE MAP UPDATEHey Everyone,
A Piptastic finish to the week with our chart levels respecting and playing out like we analysed.
We tracked and traded the 1H chart all week, which was playing in a tight range, allowing us to use the weighted levels for the bounces throughout the week, taking advantage of the 30 to 40 pip weighted bounces.
This is now the 4h chart that we shared on Sunday and as you can see the retracement range was tested to perfection today, clearing 2612 bearish target, followed with the bounce just like we stated, completing the week with a bag full of pips.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty
Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors?
---
A Safe Haven in Chaotic Times
During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal.
Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation.
---
Macroeconomic Trends Supporting Gold Prices
1. Monetary Policy and Real Interest Rates
Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset.
2. Growing Demand for Gold
Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth.
3. Geopolitical Tensions
Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value.
---
Gold in the Digital Age
Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market.
---
Forecast: Will Gold Hold Its Shine?
Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include:
- Further interest rate cuts in Europe and the United States.
- Rising geopolitical and political tensions, increasing demand for protective assets.
- Sustained high demand from central banks and financial institutions.
In the long term, gold appears to be an excellent hedge against inflation and market volatility.
---
Conclusion
Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio.
Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
XAUUSD Gold price struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to hold above $2,630. Investors refrain from taking large positions ahead of the November jobs report from the US.
From a technical perspective, an intraday breakdown below the 100-period Simple Moving Average (SMA) on the 4-hour chart and a short-term trading range support near the $2,633-2,632 area was seen as a key trigger for bearish traders. The subsequent swift recovery, however, warrants some caution before positioning for any further losses. Meanwhile, any further move up is likely to confront some resistance near the $2,649 region ahead of the $2,655 supply zone. Some follow-through buying beyond last Friday's swing high, around the $2,666 area will shift the bias in favor of bulls and allow the Gold price to reclaim the $2,700 mark.On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which the Gold price could slide to the November monthly swing low, around the $2,537-2,536 area. The downward trajectory could extend further and eventually drag the XAU/USD to the $2,500 psychological mark
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range.
I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range.
Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals.
I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year.
Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues.
It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs.
Again, I expect a very flat day for the SPY/QQQ. Stay safe.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD Under Pressure! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2650.4 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2643.9
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
THE KOG REPORT - NFPTHE KOG REPORT – NFP
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
Quick report this week with the key levels to look for during the rest of the day. We had the 2630-35 region hold price down, giving us the move into the lower target regions completing all the bearish targets for the week, so now we’ll look for a similar move, or, simply stay out of it.
We have the level of 2670 still active from the KOG Report, maybe they have held back all week to swoop that level, so for that reason, that is where we will look to for a RIP and possible short attempt.
Circled below is a key level, 2625, any attempts at that region with rejection can give that push upside, unless broken. We did say yesterday a break of support will take us into those lower levels of 2610-15 which has already happened, so a similar move can not be discounted for a potential bounce from below.
Due to the range, the movement can be extreme, so please be careful, remember the trade comes after the event, let them move price to where they want, look for a clean reversal and you can capture the reversal.
RED BOXES:
Break above 2650 for 2661, 2664 and 2670 in extension of the move
Break below 2625 for 2615, 2610 and 2695 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
Don't be surprised with a $50 oil price next yearThe waves show the direction, and if this daily candle closes significantly lower than the previous low, and the red countertrend line breaks, we may witness a nice fall in the oil prices.
Of course, the OPEC may step in, but the trend is a trend.
Let me know what you think in the comments!
Stay Patient, Stay Disciplined!
Don't be surprised with a $50 oil price next yearThe waves show the direction, and if this daily candle closes significantly lower than the previous low, and the red countertrend line breaks, we may witness a nice fall in the oil prices.
Of course, the OPEC may step in, but the trend is a trend.
Stay Patient, Stay Disciplined!
GOLD Will Move Lower! Short!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,637.581.
Considering the today's price action, probabilities will be high to see a movement to 2,613.313.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Gold Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management.
Technical Analysis:
Daily Chart:
• Price struggles below the mildly bearish 20 SMA.
• Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend.
• Momentum indicators remain neutral, supporting the absence of bullish reversal signs.
4-Hour Chart:
• XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA.
• The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower.
• Indicators are aligned with bearish momentum, suggesting further downside.
• Support Levels: $2,626.70, $2,611.35, $2,598.70
• Resistance Levels: $2,643.30, $2,655.00, $2,671.55
Fundamental Analysis:
The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data:
• ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength.
• Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist.
• Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD.
Trade Management:
• Entry near $2,645 with clear rejection signals.
• Stop Loss: Placed above $2,659 to manage risk efficiently.
• Targets: Initial take profit at $2,622, with a potential extension to $2,610.
• Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches.
• Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.