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Silver Is Bouncing From The Support; Bullish Breakout Soon?We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 26rd we shared a weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range. As you can see today, silver bounced from the lower triangle line and it’s back to the upper side of a triangle range, which can be signal for a completed A-B-C-D-E bullish triangle pattern, but bullish confirmation and real bullish breakout is only above 26 region. So far we can see some nice recovery with an important move above 23.50 followed by push out of a base channel and above 24.50 on 4h time frame, which possibly that's wave (3) of 3 within an impulse, meaning more upside can be coming on silver as this one can be preparing on some major breakout of a big triangle, just be aware of short-term pullbacks.
FOREXCOM:XAGUSDLong
by ew-forecast
Weekly Momentum On Major Pairs (Week 11/2024)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Slightly Bearish Gold & Silver: Mixed/Bullish XXX/JPY: Neutrel Stock Indexes: Bearish BitCoin/ETH: Bearish Week 11 (17/03/2024)
by SonicDeejay
Brent Oil Getting Into A SqueezeLooking at the technical picture of EASYMARKETS:BRTUSD on our daily chart, we can see that the commodity is currently trading in a small range, roughly between the 81.83 and 83.98 levels. At the same, on the bigger picture, the price remains between two trendlines: a short-term upside support line taken from the lowest point of December 2023 and a downside resistance line drawn from the highest point of September 2023. This means that the pair is slowly getting into a squeeze. Although we might see some strong movement in-between the two trendlines, we would prefer to wait for a breakout first, before examining the next short-term directional move. A push through the upper side of the aforementioned range and a break of the previously discussed downside line would also place EASYMARKETS:BRTUSD above the 83.98 barrier, possibly attracting more buying interest. A forthcoming higher high would be confirmed, potentially clearing the way towards the 87.87 zone, marked by the highest point of November 2023. If the buying doesn't stop there, the next aim could be at 89.58, which is the inside swing low of 19th of October 2023. Alternatively, a price-drop below the lower side of the range and a break below the short-term upside line may set the stage for a move to lower areas. EASYMARKETS:BRTUSD could then fall to the 79.44 territory, a break of which might open the door for a move to the 76.64 level. That level marks the lowest point of February. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:BRTUSD
by DariusAnucauskas
Gold will be Slave or Master❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking above the $2100 resistance, XAUUSD surged by 5%. How high can Gold climb? The marked red circle represents a significant resistance and overbought zone as it marks the intersection of: 1- $2250 round number. 2- Upper red trendline from weekly. 3- Upper blue trendline from daily. 🏹 Thus, the highlighted blue circle denotes a robust area to anticipate a potential reversal. And keep in mind: the bigger the impulse, the bigger the correction. Therefore, when Gold begins to trade lower, be prepared! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSD
by TheSignalyst
3
Will the downside line provide strong resistance for GOLD?Looking at the technical picture of EASYMARKETS:XAUUSD on our 4-hour chart, we can see that after a brief visit of the area below the psychological $2000 mark, the commodity is now struggling to find it's next near-term direction. This is because it had approached a short-term downside resistance line drawn from the highest point of December. In order to continue moving higher, a break of that downside line is required. Otherwise, the recent move higher might be seen as a temporary correction before another possible leg of selling. If the aforementioned downside line continues to provide strong resistance, EASYMARKETS:XAUUSD could drift back down again. We will get even more excited with examining lower areas if the price falls below the 2024 territory. At the same time, EASYMARKETS:XAUUSD could fall below all our EMAs on the 4-hour chart, increasing the chances of further declines, as more sellers may join in. We will then aim for the 2015 obstacle, or even the 1996 zone. That zone is marked by the inside swing high of February 14th and the low of February 16th. Alternatively, a break of the previously discussed downside line and a push somewhere above the 2039 barrier, marked near the highs of February 6th and 8th, could signal a change in the direction of the current short-term trend for EASYMARKETS:XAUUSD , potentially inviting more buyers into the field. That's when we will start aiming for the next possible resistance area between the 2064 and 2065 levels, which acted as a strong resistance area from the 5th of January. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:XAUUSD
by easyMarkets
GOLD ⇒ two same patterns!hello guys... as you can see, two head and shoulders patterns happened, the first one experienced a weak breakdown so we cannot count on it! the second one is a slope pattern so we should wait until the price breaks down strongly! then we can get a short position with these targets: target1: 1996.4$ target2: 1981.7$ ______________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
OANDA:XAUUSD
by melikatrader94
12
EU faces pressure to defuse mounting anger as farmers protest aGiven the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides mandated by the EU's Green Deal. The farmers are also concerned about the import of beef from countries like Brazil and Argentina, which they argue have laxer rules on animal welfare, making competition difficult. This unrest, originating in France but spreading to neighboring countries, signals a broader issue with unpredictable government decisions affecting agriculture. In the Netherlands and Germany, similar protests have arisen over regulations to cut nitrogen emissions and phase out fuel subsidies, respectively. In Germany, there is also resentment over what is perceived as the unfair application of environmental policies. With protests extending to Poland, Romania, Slovakia, Hungary, and Bulgaria, concerns range from unfair competition from cut-price cereals to high taxes and tight regulations. The impact of droughts, floods, and wildfires, combined with the squeeze from green policies, has fueled discontent. For investors, this could be a pivotal moment to consider commodities such as cereals, soybeans, and copper. The disruptions in European agriculture may create fluctuations in the market, making these commodities potentially attractive for investment. However, it is crucial to monitor developments closely as tensions continue to grow, and the agricultural sector shapes up to be a major issue in the upcoming European Parliament elections in June.
AMEX:DBCLong
by Maximus20000
EU faces pressure to defuse mounting anger as farmers protest aGiven the mounting anger and protests by farmers across Europe, there appears to be a significant challenge stemming from contradictory and potentially detrimental agricultural policies. The grievances include increased costs for agricultural diesel, additional fees for water consumption, complex regulations, and objections to bans on pesticides and herbicides mandated by the EU's Green Deal. The farmers are also concerned about the import of beef from countries like Brazil and Argentina, which they argue have laxer rules on animal welfare, making competition difficult. This unrest, originating in France but spreading to neighboring countries, signals a broader issue with unpredictable government decisions affecting agriculture. In the Netherlands and Germany, similar protests have arisen over regulations to cut nitrogen emissions and phase out fuel subsidies, respectively. In Germany, there is also resentment over what is perceived as the unfair application of environmental policies. With protests extending to Poland, Romania, Slovakia, Hungary, and Bulgaria, concerns range from unfair competition from cut-price cereals to high taxes and tight regulations. The impact of droughts, floods, and wildfires, combined with the squeeze from green policies, has fueled discontent. For investors, this could be a pivotal moment to consider commodities such as cereals, soybeans, and copper. The disruptions in European agriculture may create fluctuations in the market, making these commodities potentially attractive for investment. However, it is crucial to monitor developments closely as tensions continue to grow, and the agricultural sector shapes up to be a major issue in the upcoming European Parliament elections in June.
AMEX:CORNLong
by Maximus20000
Is Brent Oil Ready To Go For A Higher High? Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although everything is pointing towards a move higher in the near term, we would still prefer to wait for a break above that 81.50 zone, in order to get comfortable with examining higher areas. If that break happens, this will confirm a forthcoming higher high, potentially attracting even more bulls into the field. This could set the stage for EASYMARKETS:BRTUSD to move towards its next key resistance barrier, at around 84.60. That barrier marks the high of November 30th. That level also acted as a good area of support on 1st, 2nd and 3rd of November. Alternatively, to consider lower areas, a break of the aforementioned upside line would be needed. Additionally, a price-drop below the 77.82 hurdle, marked by the current lowest point of this week, could open the gateway for more bears to come through. EASYMARKETS:BRTUSD may then slide to the 76.55 obstacle, a break of which might clear the path towards the 75.26 level, which is the low of January 8th. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:BRTUSD
by easyMarkets
Gold H4 | Approaching 61.8% Fibo resistanceGold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 2,039.27 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci level Stop Loss: 2,063.96 Why we like it: There is a swing-high resistance that sits above the 100.0% Fibonacci projection level Take Profit: 2,004.79 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
1
A Bit More Downside For Silver In The Near Term?Although recently we saw a price rebound in EASYMARKETS:XAGUSD , still, the commodity remains below our 200-day EMA and a short-term downside resistance line drawn from the high of December 3rd. That said, in order to continue aiming lower, a break below the 22.51 hurdle, marked near the lows of December 13th and January 11th, would be needed. Until then, we will take a cautiously bearish approach in the near term. If, eventually, we do see a price-drop below the 22.51 zone, this will confirm a forthcoming lower low, possibly clearing the path towards the next key support area, at 21.88, which is the lowest point of November 2023. If the bears cannot stop there, the next potential target for EASYMARKETS:XAGUSD might be near the medium-term tentative upside support line taken from the lowest point of March 2023. Alternatively, a break of the previously mentioned downside line and a push above the 23.54 barrier may attract more buying interest. EASYMARKETS:XAGUSD could then travel to the 24.60 territory, marked by the high of December 22nd, where a temporary hold-up might occur. If the bulls continue to charge, this may result in a further move north, potentially aiming for the highest point of December, at 25.92. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:XAGUSD
by easyMarkets
9
Supercycles in commodities - i.e. Bitcoin, UraniumSupercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued. In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the rewards of mining bitcoin), which is causing supply-shock and aftermath in the form of speculative bubble. I strongly believe we are about to see a supercycle in Uranium in the following years. Spot price of that commodity is right now under-valued to such an extent Cameco (one of its largest global providers) is buying it from the spot market in order to meet the contracts and keeping some of its mines closed (waiting for the prices to rise). Currently there are about 440 active nuclear reactors and 50 being constructed (more than 10% of the actual number) mainly in China and India (respectively 16 and 6 as of March 2021). Interesting pair, isn't it? If the rest of the world does not want to stay behind they will have no choice but to follow that direction. Nuclear energy is not opponent of wind and solar energy. It is their carbon-free companion versus the coal. Technicals: We are confirming the falling wedge break-out right now. If price action will succeed to do so, there might be rally much quicker than I expected when I first opened position.
NYSE:CCJLong
by papaya_musical_analysis