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GOLD: FALLING WEDGE, NEW LONG OPPORTUNITY?Hello Fellow Gold Bugs! From a technical perspective, Gold is forming the falling wedge pattern. The trend analysis also indicates a bullish movement. Therefore, We expect Gold will move upward to the target area. The roadmap will be invalid after reaching the support/target area. *Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions* FOLLOW and LIKES FOR MORE CONTENTS AND UPDATES
TVC:GOLDLong
by financialfreedomgoals101
Could We See the USOIL Reaching Its Previous High Again ? 1- Market Overview: On the daily time frame, we can see that the USOIL is in a clear upward movement where a series of higher highs and lows has been posted. On the 3rd of March, the commodity rallied hugely and reached a high of 129.39 USD per barrel, the highest price since May 2011. Now, the price formed a triangle where it managed to break it to the upside after finding buyers around the 93.70 USD support level. 2- Long Scenario: In this part of our analysis, we will provide you with what likely will occur in the coming days for the USOIL. Since the main direction of the trend is to the upside as shown in the overview part of the analysis, it is more likely to see the USOIL continues its move to the upside. Remember that the trend is your friend, so if everyone is buying, it is much wiser to consider a long position instead of a short one. In addition, the market succeeded to break the triangle to the upside which shows that the buyers are in control of the market and could push it furthermore to the upside toward the previous high (129 US Dollar). 3-Short Scenario : The least likely scenario for this analysis is to see the USOIL reversing and move lower. The commodity might first face a resistance from buyers around the 93 USD mark level before tumbling toward the 85 USD price. If the buyers could not sustain the huge number of sellers around this zone the market could tumble again to the support zone which is the 66 US Dollar by posting lower lows and lower highs. So, first we should look for a breakout of the previous low around the 93 USD mark and then posting a new low below the 85 USD mark before reaching the 66 US Dollar.
TVC:USOIL
by CollegeofPips
2
Gold Up 0.8% Already This Week!Gold is starting the week with a strong move to the upside, which may be its next attempt at the $2000 round number and the all-time high at $2075. It’s still early in the week, so it's too soon to tell if the bullish momentum will continue, so we will have to be patient to find out. Despite this current upwards move, we have to remember that price is in consolidation and has been since August 2020 when price created the all-time high. When price consolidates, we expect to see sideways movement and sudden, unpredictable moves to both the upside and the downside. We are interested in a confirmation of a breakout, not just an initial breakout. As the previous trend was bullish, the bias is for a breakout to the upside. The first breakout will indicate a potential continuation. The second breakout will confirm a trend continuation. Patience until that happens. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
USOIL Potential for Bearish Pressure | 18th April 2022We see a potential for bearish reversal from sell entry level of 104.65 which lines up with 50% Fibonacci retracement towards the take profit level of 97.98 which lines up with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Alternatively, price might rise up to stop loss level of 108.76 which lines up with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:USOILShort
by Rockqet
USOIL Potential for Bearish Momentum | 14th April 2022Price is on a bearish momentum. We expect a potential for bearish dip from sell entry level of 104.65 in line with 50% Fibonacci retracement towards the take profit level of 97.98 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection . Alternatively, if price breaks through the pivot structure, it might rise towards to the stop loss level of 108.76 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection . 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:USOILShort
by FXCM
1
USOIL Potential for Bearish Momentum | 14th April 2022Price is on a bearish momentum. We expect a potential for bearish dip from sell entry level of 104.65 in line with 50% Fibonacci retracement towards the take profit level of 97.98 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Alternatively, if price breaks through the pivot structure, it might rise towards to the stop loss level of 108.76 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:USOILShort
by Rockqet