Selling is done in GOLD?2258 support held, but 2340 is now offering resistance. We have Buyers pushing the prices up for sure, see the GREEN UMVD started last week. We have gREEN Bars but TrapZOne is still RED> Longby SnowflakeTraderUpdated 6
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 2425.5 to 2429.5 and 2384.5 to 2382.5. Additionally, medium-risk buy zone between 2402-2400, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 2425.5 and 2429.5, serving as a low-risk sell. Important Demand Zone🟢: Identified between 2384.5 and 2382.5, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 2402 and 2400, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 2388: Possible retracement area. 2396: Possible retracement area. 2400: Possible retracement area. 2415: Significant supply zone. 2423: Liquidity area. Bearish Targets📉: 2419: Possible retracement area. 2410: Possible retracement area. 2403: Area with laying low liquidity. 2385: Essential Demand Zone Ultimate Target: 2373- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.by TTradessss7
USOIL - LONG Prices have been in a consolidation mode for the past week ending 17/05/2024. It seems seasonality is finally kicking as we saw prices bouncing at support twice, creating a double bottom pattern. On 4Hr time frame we are about to create a golden cross and on 1Hr time price are above both moving averages. Given this conditions price may open lower or retest $79.306/barrel before ascending to higher price. The longer price target is at $85.000/barrel. Summary Entry 1 = 79.306 or Open price Entry 2 = 81.273 ( If price is retesting then entry is valid) Target 1 = 82.910 Target 2 = 85.000 Risk : Reward Ratio => 2.02 Plan your trade, Trade the plan!!! Follow and Boost my ideas and Let's grow together.Longby ForeignCapital_fx5
Is gold or silver the trade to make this week? This week's trade could be a decision between gold and silver. The former might be swayed by the seven fed officials that are planned to speak this week, while the latter could be influenced by the #SilverSqueeze movement that is tangentially related to the meme stock frenzy that reignited last week. Gold Technical Gold (XAU/USD) prices rose at the end of the week but did not quite test the all-time high around $2,431. Gold is trading well above the 20 Simple Moving Average (SMA), with the 100 and 200 SMAs maintaining bullish slopes much below it. Renewed buying pressure beyond $2,413 might push prices above the $2,420 mark. Silver Technical Silver (XAG/USD) is nearing the multi-year high at $31.40. A significant break at the end of the week saw Friday's sharp rise validate the break above the multi-year trendline. The challenge for the coming week is whether silver can maintain this bullish momentum despite entering overbought territory. The frenzy we saw in meme stocks might be dampening down too, with 2 days of declines following the surge. But it might be premature to count anything out yet. The 14-period Relative Strength Index (RSI) is in the range of 70.00, possibly suggesting bullish momentum. The next resistance level is $31.50 from May 2011. In this fundamentally detached market, the next support could lie all the way back at where the metal was trading before the surge. by BlackBull_Markets5
GOLD Weekly OUTLOOK OANDA:XAUUSD surged, moving towards its next key resistance zone at the 2400 level, where it closed above it. This is a significant bullish sign, as it marks the first time in history that the market has closed above this level on the daily timeframe. The market has also formed an inverse head and shoulder pattern, which has played out nicely. According to this pattern, we can calculate a target by measuring the distance from the low point of the head to the neckline. This distance is approximately how far the price is likely to move after breaking through the neckline. As we can see, the neckline has already been broken, and the target is around the next key resistance level at 2450.Longby ALPHA_CHART3
202421 - a weekly price action market recap and outlook - sp500 overall market comment This week we found out how high the squeeze could get and markets made new all time highs. PPI was bad but market rallied anyway and bears gave up on CPI numbers. We are at the highs where we saw a bigger sell-off in April and it’s more reasonable to look for shorting the double tops, than betting on another melt-up for the biggest asset bubble in market history. If you don’t agree, it’s fine. I post enough links to support that thesis but you have to make up your own mind. My broader market view has not changed in the last weeks. I was early, yes but markets are forming tops and they always return to more reasonable valuation levels. Since we are at levels where you can’t find any metric that supports higher prices, I will only look for shorts for longer term trades. Does that mean the tops are in and we trade down from here on? Absolutely not. Markets can be irrational much longer than you can stay solvent. I will happily scalp long when markets move higher again. current market drivers (non price action part of my publication) second wave of inflation: PPI surprised upwards, commodities on a tear again (except oil for now) and CPI came in line. Market used everything as an excuse to squeeze shorts more and print new ath’s. Soon bad news will get interpreted as bad news again, since markets will trade lower instead of higher, before and after releases. rate-cuts: No new opinion on this one. Your guess is as good as anyone’s. If you can name 2-3 highly respected finance people, who say inflation is defeated and we will see many rate cuts, please share them with me. I’m always curious of other opinions and try to see what they see. job market: My assumption is that over the next 4-8 weeks we will see a further decline on job metrics. For now no updates. sp500 e-mini futures Quote from last week: bull case: 7 consecutive bull bars on the daily tf is as bullish as it gets. We are still in a lower high but clearly on our way to make new ones. We are right below the 2024-03 high, which was also resistance in early 2024-04. Bulls want the market to move sideways here and poke enough at 5260 until bears give up and we see the melt-up to 5333 and probably higher. The big green bull trend line is an obvious magnet as well as the big round number 5400 or even 5500. As long as bears don’t print big bear bars on the daily chart and drop the market below 5200, bulls are in full control. Next target for bulls is 5300 and if we have enough momentum, we can print 5333 again. comment: Very climactic rally and a pull-back is in order. We will probably retest the ath early next week and if bear’s do not step in, we could also just melt above 5350 for much higher prices. The depth of the pull-back (if it happens) will determine if we get another leg up or a bigger second leg down like the 370 point correction in April. Monday will be very interesting since opex is over and this rally looks, swims and quacks like short squeeze. current market cycle: trading range until new ath or drop below 5000 or breaks above 5350 key levels: 5000 - 5350 bull case: Bulls have every argument on their side for printing higher prices. Bears created 1 bear bar in 11 days and Friday closed 1 point below the daily high. That is as clear of a buy signal as it can get. At the minimum they want to retest 5349 but if bears step aside enough, we will melt right through for much higher prices. As of right now, the weekly chart printed an obvious double top but to confirm that, bears would need a strong sell-off next week. If bears will not get it, the big bull trend line pointing to 5450-5500 is the next magnet. Invalid below 5300. bear case: Bears see this as a climactic rally to retest the ath and want to sell-off now as we did the last time in late March. Market is trading very far above the daily 20ema and a 300 point gain without much of a pull-back, it’s overdue. Does that mean this was the top? No. It can go longer but talking probability-wise, a smaller second leg sideways to down is due. We had 3 clear pushes up with only very small side-ways corrections and this is climactic and unsustainable market behavior. outlook last week: “Pull-back should happen but longs are favored until bears make lower lows and break the 1h 20ema. I updated my daily chart but it’s only a very rough guess. Inflation prints will dominate the markets this week and I will give daily updates.” → Last Sunday we traded 5246 and now we are at 5349. Pull-back was very weak and even then the day printed green. Bulls wanted the new ath and they got it after CPI numbers were in line. My W4 was a bit too deep but W5 was spot on, so I hope you made some. short term: Slightly bearish - Retest of ath or 5330 expected before we should see more sideways to down price action. If bears are reasonably strong, we should see 5260 or 5200. Invalid above 5350 with follow through. medium-long term: Trading Range until 5000 is clearly broken and has turned resistance. If bulls can break strongly above 5350, it’s obviously a continuation of the bull trend and my next target would be 5500. current swing trade: Waiting for bears to show up since I’m only looking for longer term shorts up here. Chart update: Bullish targets are met and some correction is overdue. Shortby priceactiontds1
USOIL SHORT The price may rise to $82 but could also fall to about $70. 101.9 million barrels of oil will be consumed worldwide per day. By next year, the oil markets appear to be oversupplied. Highlights Lower Russian output and more demand brought on by China's reopening could help oil prices. Low demand and a bleak macroeconomic outlook for China When the Energy Information Administration releases its inventory figures on Wednesday, more oil-related information will be available. - --------------- **First Scenario - Long:** Initial Target: $80.90 Entry: $79.08 Stoploss: $77.47 **Second Scenario - Short:** Initial Target: $74 Entry: $78.34 Stoploss: $79.2 - --------------- After a long wait, I am currently waiting for this pair to give me my confirmation for a Short position (Data) - --------------- Take into consideration: It appears that the market has settled in a range of $79.44 to $76.86, with the 7.68 retracement level above the latter being significant. - --------------- NFA DYOR - --------------- Good Luck! ⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.Shortby irfanp0560
Gold Trendline and Channel Breakout ! Ready For BullHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20008
Natural Gas still coiling! breakdown or breakout?Hello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20002
ES - Market Maker Buy Model (MMBM)On Friday ES did beautiful retracement with SMT at Smart Money Reversal with YM. A lot of confluences much as seasonality, orderflow and structure.Longby Keclikk1
Market favours the patient traderIll wait for reactions arround the all time high. its external liquidity which the market can come to take out then wait for CHOI on smaller time frame (15min-30min) ....overall im somewhat bearish on Gold... we react according to what the market presents and not what we think. T for Thanksby hardeytorpe4
Goldwe looking for short term sells then if the market doesn't break the bullish trend the market will continue with the bullish trend resulting in buying opportunities Longby officialpotego_fx6
goldthis is the true example of resistance transforming into support, gold is a still a buy, will create higher highsby oheek2
XAU/USD 20-24 May 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level. Price is now trading within a fractal high and internal low. Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level. It is also reasonable to expect price to continue bullish, bringing ChOCH closer to the current price action to initiate pullback. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. As previously mentioned most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line which price printed. Price is currently reacting at a daily POI. Previous expectation was for price to continue bearish, react at either discount of 50% EQ or Daily POI's before targeting weak internal high. Price has not shown any indication of pullback initiation and continues bullish. Price has wicked above Daily supply zone but was unable to close. This could indicate the possibility of a liquidity grab to drive price bearish to initiate pullback. Alternative scenario: Price to continue bullish, print iBOS (Internal Break of Structure) to then initiate pullback after iBOS. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback, which price did. As previously mentioned, CHoCH was positioned at quite a distance away from current price, therefore, there was a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Price has did this. We are again seeing a reaction to nested Daily and H4 supply levels where price could pull back deeper. I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did. Previous intraday expectation was for price to react at nested Daily and H4 demand where it is expected that price will pull back to discount of 50% EQ or H4 demand levels. Price has reacted deep in to Daily and H4 supply levels but unable to close above. The wicking up and closing below could potentially mean a liquidity grab so price can initiate pullback as CHoCH has now been repositioned even closer (than previous) to current price action. H4 Chart: by Khan_YIK1
🎲 Interest Rates. To Cut, or not to Cut. That is the questionJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’, as in recent interview to Bloomberg JPMorgan CEO has warned for months that rates could stay high. Jamie Dimon said he’s still more worried about inflation than markets appear to be. The JPMorgan Chase & Co. chief executive officer said significant price pressures continue to influence the US economy and may mean interest rates will be higher for longer than many investors are expecting. He cited costs linked to the green economy, re-militarization, infrastructure spending, trade disputes and large fiscal deficits. “There are a lot of inflationary forces in front of us,” Dimon said in an interview on Bloomberg Television Thursday. “The underlying inflation may not go away the way people expect it to.” The S&P 500 and Nasdaq 100 closed at record highs Wednesday amid optimism over monetary policy easing after a measure of underlying US inflation cooled in April for the first time in six months. Dimon said that markets have been healthy for a while, but that doesn’t necessarily predict the future. “If you have higher rates and — God forbid — stagflation, you will see stress in real estate and leveraged companies, and private credit,” Dimon said. “Stocks are very high, and I think the chance of inflation staying high or rates going up are higher than people think,” the CEO said. “My view is whatever the world is pricing in for a soft landing, I think it’s probably half of that. I think the chances of something going wrong are higher than people think.” The CEO has been warning for months that inflation could be stickier than many investors are predicting, and wrote in his annual letter to shareholders that his bank is prepared for interest rates ranging from 2% to 8% “or even more.” Dimon said that “a lot of happy talk” is why markets aren’t pricing these elements in. Even though a bigger surprise would be higher rates, Dimon said that geopolitics could create the “main stress that we’re worried about” amid the impact those dynamics have on oil and gas prices, trade and alliances. With war in Ukraine, the situation in the Middle East, tensions in North Korea and the use of nuclear blackmail, the geopolitical situation is “very tense,” he said. When it comes to China, the right thing for America is to “fully and deeply” engage, he said. Still, the fragile relationship between the two countries makes banking in the country — where Dimon said JPMorgan has roughly 1,500 multinational clients — a riskier prospect. “They’re not leaving China, so we’re going to serve our clients there, we’re just much more cognizant the risk is higher,” he said. “You look at China from a risk-reward basis, it used to be very good, it’s not so great any more.” Basel III The financial world has been in a heated debate over US proposals tied to what’s called the Basel III Endgame — an international regulatory overhaul initiated more than a decade ago in response to the financial crisis of 2008. US regulators have decided to adjust the original proposals following substantial backlash. Dimon reiterated his comments that the proposals are excessive. “I would love to know what the end game is,” Dimon said. “Regulators should answer the question: What do you want — How do you want the system to work?” Uncertainty pushes Gold prices (XAUUSD) more higher, later than The US Bureau of Labor Statistics on Wednesday reported the April consumer-price index rose by 0.3% from March. Shelter, gas prices remain sticky. Notable call-outs from the inflation print include the shelter index, which rose 5.5% on an unadjusted, annual basis, a slowdown from March. The Shelter index (the largest US CPI component with near 32% weight) rose 0.4% month over month and was the largest factor in the monthly increase in core prices, according to the BLS. Sticky shelter inflation that was one of the main reason of 2007-09 Financial crisis is largely to blame for higher core inflation readings, according to economists. The main technical graph is an inverted (normalized) chart for expected Federal funds rate at mid-March 2025, based on respective Mar'25 FedFunds Futures Contract (ZQH2025). Following the upside trend, as well as forming reversed Head-and-shoulders structure, the nearest target can be around 8 1/4 - 8 1/2 over the next 12 months. Historical backtest analyses says, this scenario is not a nonsense, as in early 1980s the difference between US 10-Year T-Bond rates and US Interest rate has been already hugely negative at similar market conditions (fighting against non-stop inflation). Let's see what is next in nowadays.. by Pandorra2
Professional analysis and strategy, please read carefullyYesterday's market fell to $77.75 in Asia-Europe trading began to rise to yesterday's highest point of $79.30, the lowest point to the highest fluctuation range is $1.55, and Wednesday's new low and yesterday's rise, that is, $76.36 May be the end of 3 waves, but also the end of 3-5 waves. Is it that today's market can rise to break $79.47, broke can basically determine that $76.36 is the end of 3 waves, and this wave is 4 waves, from the daily shape of today there is room to rise, so our operation today is in the Eurasian plate waiting for the market to fall back to do more, and then to the above pressure level short, as follows. Crude oil opened today at $78.82. Crude oil recommendations: 1, below $78.35 long, stop loss 30 points, stop profit of $79.50. 2, short above $79.80, stop loss 35 points, stop profit of $77.50. 3, if the strategy 2 short is stopped, go short again at $80.60, stop a loss of 30 points, and stop a profit of $78.50by Sherry-MkUpdated 2
Can't miss Gold analysis and trading strategies next week!Gold message surface analysis: On Friday (May 17), the ICE Dollar index rose 0.15% late Friday to 104.642. Gold rose 1.09 percent to $2,408.09 an ounce. On a seasonally adjusted basis, the U.S. Consumer price Index (CPI) rose 3.4% in April from 3.50% in March, in line with expectations, according to a report released by the Bureau of Labor Statistics on Wednesday. Us CPI rose 0.3% month-on-month in April, below expectations of 0.40%, and 0.40% month-on-month in March. It was the first fall in CPI growth in six months. What these inflation numbers do for the Fed is that it lays the first groundwork for them to cut interest rates later this year. The consumer price index data "could be an early sign that inflation will cool over time and the Fed will cut interest rates for the first time." Gold trend analysis: The golden day line, April 12 in the record high of 2431 fell back, and finally in the 2277 line to gain support began to strengthen, this Friday the market successfully stood on the 2400 mark, and broke the April 19 high of 2417 US dollars, the next resistance is the historical high of 2431 US dollars, the current point of view should be no pressure. Four-hour line, gold in the 2277 line to get support after the opening of the upward trend of the shock, each time after the strong pull up will be corrected and then high again, Friday's end rose to near 2422, the current Bollinger belt opening to run upward, gold prices running near the upper track, KDJ gold fork behind the upward divergence, MACD gold fork after the upward divergence operation, The volume of red energy column, the overall trend is still strong. In summary, after hitting a record high on April 12, gold continued to fall back to adjust and finally get support near 2277 to open a volatile upward trend, on Friday has stood at the 2400 mark and broke through the high of $2417 on April 19, is expected to continue to rise again to challenge a new historical high. In summary, gold next week on the short-term operation ideas suggested to callback to do more, rebound short as a supplement, above the short-term focus on 2430-2435 a line of resistance, short-term focus on 2400-2395 a line of support. Medium and long line layout plan: Gold rose close to the all-time high 2431 is not far, I think this is a very good opportunity, we can start to lay out 80-100 points of the midline plan, because the last wave touched 2431, and then back to 2277, there are nearly 154 points of space, whether this will repeat the mistake, we can wait and see, at least there is this opportunity; Midline empty unilateral, gold has now touched 2422 line, previously talked about 2400 May feel far away, now no one will not believe it, back to 2390-2400, again to the historical high 2431 or above 2460 impact, the midline has more than 50 points of space worth looking forward to; Gold has now run to this point, and indeed there are opportunities for both long and short; Next week we will start the layout, the individual is more inclined to quickly peak after a large pullback, so wait for a new record high.by Sherry-MkUpdated 3
SILVER Massive Bullish Breakout! Buy! Hello,Traders! SILVER keeps growing And it made a massive Bullish breakout of the Key horizontal level Of 30.00$ and the Breakout is confirmed So we will be expecting A further bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals112
Possible scenarios that considers consideration :)That wick high in H4 needs to be taken and before that happens, price should pullback (sell) to 2396 then if that zone holds it means price should bounce from there to likely take that high... we'll then see what price does next from then. Total move Probable sell to 2396 from current zone- 150 pips Probable buy it the zone holds from 2396 to take the high at around 242something - 300+ pips I advise using your discretion before trading, do your due diligence, make sure this idea serves as another confluence for you, if not then don't worry about it...I send signals here rarely, check my channel for past trades. Confluences (Reason for signal) 1. Proper market structure 2. Precise price action 3. Bullish wedge 4. Awaiting pullback due to the fact that price has been Overbought Shortby LaBOSS_FX4
GOLD in bullish trend GOLD printing bullish making a rising wedge soon to see a visible fall/ correction.Shortby shahmir5512
OIL - Getting Slippery?🩸Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 After breaking below the last major low marked in red at $84.5, OIL has been overall bearish , trading within the rising channel in blue. 📈 For the bulls to regain control, a break above the last major high marked in blue is needed. 📚 Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst335
FALL IS NEAR !!hello welcome back . new week start lets analysis gold for this week . last week gold was bullish and buyers were strong .market made an ascending channel and broke 2400 level and also descending channel in weekly time frame market made a side way range for a few weeks now price reach to the top of the channel and strong resistance i expect a good reaction to this level soon wait for a good fall in h4Shortby nsh1216
XAUUSD WEEKLY OUTLOOK Two possible scenarios I look forward to take advantage onby YourVillagePeople0