💬Description: The situation is quite complicated in terms of finding an entry point today. Most likely, one should wait for the American session, where everything may become clearer. It is clear that the currency pair is still under selling pressure. All buy-trades (countertrend trades), are made exclusively intraday with a small stop loss. Today, the release of...
💬Description: At the very beginning of the week, the story of last Friday is repeated, and metals are lying around even before the American session. Buyers really have little to count on, we talked about this in our last trading idea for Gold . At the same time, the price is approaching the next support, and this time the chances of an upward correction are...
As you can see, gold in severly oversold. It has an very low RSI turning up, and finally a green candle forming after many red downward candles. Looks likely it will bottom around this area and probably head back up to the previous support level which is around 1913. Of course, it could go up only a little and make another lower dip, but I doubt it.
It looks bottomed in 1h timeframe, i expect a small pump in a lower timeframe. Lets see how price reacts at this zone.
Bear rallies tend to be the MOST FURIOUS!!! Be careful but take ADVANTAGE!!! SP:SPX upcoming resistance @ 3 areas: 4280 Moving avg is a little above that (weakest resistance imo). MAJOR = 4330 (it closes above this will post further levels). Keep an eye as the RSI closes in on 50. #stocks DJ:DJI TVC:NDQ TVC:RUT TVC:VIX TVC:DXY TVC:TNX #GOLD #SILVER
The DXY had been on a formidable run that we predicted over a month ago. Now it's showing a lot of weakness at a key level. We are not in a short yet but we are longing GOLD and will enter other positions when the DXY makes a concrete move. The 4h chart paints a great picture for the bears.
🔸Hello traders, today let's review 8hours/candle price chart for spot gold. currently we are locked in trading range and therefore no clear direction, so I recommend to focus on shorting high and buying low, details see below. 🔸Trading range is defined by range highs at 1957 usd and range lows at 1910 usd. premium prices overhead at 1965/1979, below at 1890/1900....
Buy here at 1800-1820 with HSL 1798. Markets have been taking a beating thanks to the strength of DXY. is it time for DXY to slow down a bit? I think so.
I write this as I listen to Tchaikovsky's Violin Concerto in D Major on the excellent Shen Yun Zuopin platform. It seemed quite fitting for watching the world burn. When you hear propaganda on English social media on a Saturday night that a group of mercenaries are raiding Moscow to overthrow Putin, you absolutely must take what you are hearing and seeing with an...
Lets go New indicator, new trade. Got the next 36 hours off lets trade all of them lol. I think more down side push today i gave back some money even though I knew it was going to consolidate and run up and down across my entry. Mistake to trade at work missed 3 oppurtunities to get out with at least $400. SMH. Anyways, lets see what the market has for...
Preferred direction: BUY Comment: And again we follow the previously outlined plan. Although sellers are strong, this does not prohibit taking potential trades long. Today a news background is expected, which may just trigger another small upward correction. This idea is relevant today. Thank you for like and share your views!
XAGUSD has been bleeding so to figure out what it will do from here on out... I decided to make an indicator. So I spent the last 4 days coding this monster. Yes, My indicators have seizures written all over them. I agree, and yes I was one of those guys who would look at a friends chart and be like, bruh, I can't see anything through your mess. However, I...
Hi Fellow Forex Traders, AUDJPY has broken out of the falling wedge pattern, continuing its bullish price movement above the EMA200 line. Subsequently, the price formed a breakout pennant pattern, which suggests a continuation of the bullish trend. The MACD indicator has also produced a golden cross, confirming a potential upward movement towards the target...
Preferred direction: BUY Comment: A short-term long worked well for the euro. Today it is expected that the instrument will trade at the level of 1.05700, where buyers will strengthen their positions. We also shouldn’t forget about the possible sell-off of the dollar against the backdrop of position closure before the weekend. From all this it follows that it...
🔸Hello traders, today let's review the 4 hour chart for gold. Speculative XABCD setup in progress, going into FOMC expecting final pump before reversal from point C. 🔸speculative XABCD structure defined by point X at 1890 USD, point A at 1946 USD, point B at 1905 usd, point C at 1961 usd, finally point D/PRZ at 1875 USD. This is advanced entry strategy on sell...
Gold has been declining since the opening of the trading session. The market continues to form a sideways flat. Purchases after strong sell-offs bring the price only to the retest of the strong resistance area, after which the metal weakens again On the chart we see the current set-up - flat. The price is declining after the resistance retest and breaks through...
Gold and Silver have been holding strong, but weakness suggests another move down before support. As for metal miners, could there be a better set-up possible? Most all of them are sitting near historical lows looking to bottom out on the weekly RSI. I posted in July, 2022 that gold would move sideways until 2024, and then, blast-off. Think we're close....
- In the first chart (above), we can see the GOLDSILVER index. This index shows us how many ounces of silver one ounce of gold is worth. In other words, it represents the price of gold in terms of silver. - In the second chart (bottom left), we see the volatile child, silver's chart. - And in the third chart (bottom right), we have the chart for shining...