Crude oil posted its sixth consecutive weekly gain last week helped by lower OPEC+ supply and stimulus hopes fueling a recovery in oil demand in China. 🚧 We may witness some fluctuations during the coming weeks in the event of a new global conflict igniting within Africa, particularly in Niger. technically 📈🎙 Breaking the descending price channel was the first...
gold will continue to decline, However, the best purchasing levels will be with the approaching completion of the harmonic pattern buy from 1905 stop 1893 tp 1970
Possible good purchasing levels for gold in the short term, stop @ 1993
A possible selling scenario for the Canadian dollar pair against the Japanese yen, supported by the completion of the harmonic pattern, in addition to the presence of prices near good resistance areas
A good selling scenario with the harmonic pattern approaching completion
The currency pair is approaching potential selling levels, as the harmonic pattern (CRAB) is about to be completed.
shark pattern It may push gold prices up on 1(H) buy from 1924 sl1918 tp1950
A good bearish scenario awaits oil, provided that trading continues below 94 levels, with the first target being 85.70
Looking at the chart, we find that the natural scenario that gold may follow is a drop following the descending price channel over the medium term. But the presence of prices near the upper boundary of the channel, in light of important economic and political influences, makes us wait. There are strong political tensions that may turn into a major war, coinciding...