Breakout TheoryWaiting for new structure buy h1 to support Trending for structure buy Daily. Longby AdezHM3
Bounce by ES 5180 LONG from there.This is the additional Pivot level we added to the Indicator CD_Camarilla All_Levels, so it is the extreme of the extreme buy level. Buying at this level S6 is very safe, just like selling an ALL time High R6, which has never cost me. If you dob't know about The Pivots study my Ideas. We had. run for 3 months with over 99 trades before we had a loss ( We sold R5, and the FOMC made a surprise RATE change which aused the market to go up for 2 months. Lesson to be learned there is #1 always safe a stop outside the pivots range, a catastropic stop, not a "tight stop" whch the MM use to tforce overtrading. #2 Don't trade, as a rule, before an FOMC announcement. These are swing trades based on 60" to 6 hour charrts, The Pivots don't show up in daily and above charts. If you understand what The Pivots are and how they work you know why. a days pivot range is created based on the previous intraday Pivots range. My trades are also based on many other factors, elliot waves, TTM Squeeze Pro, Candlesticks, etc. In a 6 hour chart we have a shooting star to continue down. No doubt we will explore S5 and possibly S6. I have been posting Ideas for 8 years here. Look at my past posts.. 2019 i predicted we would go up for 5 more Ellitot waves before the first ATH Jan 22. My next major post/Idee was March 2022, I shared that we had a "Tripple Thrust parrern from 2010 we went up on 3 sets of 5 waves up, corrected down from a lwer high, down for 6000 points on the NQ. Then I posted we would continue up as part of Elliots, Grand Supercycle Bull Market to new ATH which we have all seen. If you like my Ideas please follow me. I called this a LONG, but don't buy before S5 or S6 next week.Longby dryanhawleyUpdated 1
POTENTIAL LONG OPPORTUNITY ON CRUDE OIL (BCOUSD) Hey everyone! Hope you're doing awesome! Just wanted to get on here and do a post on some potential upside I see here on Brent Crude Oil after today's price action! SO as you can see price has had a hard time breaking past the lows of 81.50-82.00 price handle. Price came down into daily demand and tried breaking lower to downside but now for the 3rd time being rejected to the upside...with buyers buying up this price not allowing it to go lower. This leads me to believe that there could potentially be a upside move for the next move for Crude Oil. Obviously you can see on the 1D (DAILY) timeframe right now the market is overall bearish...but price has now failed to make that new LL showing me potential for an overall pullback on this commodity. ALSO if you look at the 1W (WEEKLY) timeframe you can see that price is actually creating subtle higher lows in price (buyers taking worse prices) which displays to me a demand for this product and a next likely move being to the upside. On the hourly timeframes now you can see a shift to a bullish market which also gives the bias of the next move on this commodity being to the upside to upside supply around the $87 price point. Hope this brough some value to you guys! Please boost this post and follow my page for more accurate analysis! Cheers!Longby JosePipsUpdated 4
Get support from Middle East, GOLD recovers, bound by EMA21Complicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate yields. Notable news in the Middle East According to the British news network "Middle East Eye", citing Israeli media on May 27, Egyptian and Israeli soldiers exchanged fire at the Rafah border gate on the border between Egypt and the Gaza Strip that day. An Egyptian soldier died in the fire. The incident was first reported by Israel's Channel 13 and Channel 14, which they called "unusual". Regarding details of the incident, it was reported that Egyptian soldiers opened fire on an Israeli truck at the Rafah intersection and Israeli soldiers returned fire. But this statement has not been officially confirmed. Amid the deteriorating situation in Rafah, this news sent safe-haven gold rapidly higher. However, gold also needs more of these types of impacts to reach its original price of $2,400. Egypt's independent English-language newspaper Daily News cited sources as saying Egyptian soldiers were affected by last Sunday's "Rafa massacre", in which Israeli bombings destroyed a refugee camp in Rafah, killing 45 Palestinians. The Israel Defense Forces said a "shooting incident occurred" on the Egyptian border early Monday morning and that it was investigating the incident and that "dialogue with Egypt is ongoing." A spokesman for the Egyptian Armed Forces also confirmed the exchange of fire late Monday, saying that an Egyptian soldier was killed in the incident. In addition to closely monitoring the situation taking place in the Middle East, traders also need to pay attention to developments from the ongoing conflict in Ukraine, etc. Basically, traders need to pay attention to everything. Regardless of any major geopolitical developments happening globally, gold is an asset that easily reacts to sudden news on the market. In recent history, the US-China Trade War, developments in the Middle East at the end of 2019, the Ukraine conflict, and now continuing the war in the Middle East... have all created huge mutations in the world. gold market. During this trading year, we “traders” need to get used to gold moving 2-3% or more in a day, which will happen even more frequently in the near future. Every time a conflict shows signs of escalation, the price of gold creates a new era peak! Analysis of technical prospects for OANDA:XAUUSD Gold is trying to operate around the EMA21 level as it recovers from the technical level of $2,324, which readers noticed in last Friday's edition. However, the recovery momentum is limited with EMA21. For the gold price to technically qualify for upside, it would at least need to break out and return to operating above the trend and near-term target level followed by the 0.236 trend-following Fibonacci extension %, more than the original price of 2,400USD. Meanwhile, gold is at risk of a further decline if it sells off below the $2,324 support level with a target then around $2,305 – $2,300. Therefore, open long positions should be considered protecting behind the $2,324 level as a reasonable position. During the day, the trend of gold price is neutral with price activity intentionally sticking around the EMA21, and the technical levels of interest will be listed as follows. Support: 2,345 – 2,324USD Resistance: 2,384 – 2,400USD 🪙SELL XAUUSD | 2389 - 2387 ⚰️SL: 2393 ⬆️TP1: 2382 ⬆️TP2: 2377 🪙BUY XAUUSD | 2345 - 2347 ⚰️SL: 2341 ⬆️TP1: 2352 ⬆️TP2: 2357by Xayah_tradingUpdated 4
GOLD is breaking bullish structure, pay special attention to FedOANDA:XAUUSD fell to its lowest level in 2 weeks when demand for the US Dollar in the market recovered. A Federal Reserve rate cut in September is looking less and less likely, which is causing some selling pressure on gold. Investors will focus on today's (Friday) speech by Federal Reserve Governor Waller, US durable goods orders and the University of Michigan's consumer confidence index report. Strong U.S. economic data pushed U.S. Treasury yields and the dollar higher, which in turn weighed on gold prices. S&P Global said the US Composite Purchasing Managers' Index (PMI), which tracks manufacturing and services sector activity, rose to 54.4 in May, its highest level since April 2022. Other data released on Thursday showed the number of people filing for unemployment benefits in the US fell to 215,000 last week, the biggest two-week drop since last September. Minutes from a Federal Reserve meeting released Wednesday showed that officials still believe price pressures will gradually ease over at least the next few months, but some officials said they were ready to support spending increases. borrowing costs if inflation spikes. Notable data and events of the day Fed Governor Waller is scheduled to speak on Friday. Hawkish comments from Federal Reserve policymakers could put pressure on gold prices. It's worth noting that higher interest rates typically hurt gold prices because they increase the opportunity cost of investing in gold. In addition, US durable goods orders and the University of Michigan's consumer confidence index will also be published. The preliminary value of US durable goods orders for April will be published, with the monthly rate expected to decrease by 0.8 %, after increasing 2.6% in March. The final value of the University of Michigan's Consumer Confidence Index for May will be announced and is expected to be 67.5. Fed Governor John Waller, who has been hawkish on the Fed's rate-hike cycle, said Tuesday that he would need to see good inflation data for several more months before starting to cut rates. “In the absence of significant weakness in the labor market, I would need to see good inflation data for several more months before I feel comfortable making a move,” Waller said at the Peterson Institute for International Economics in Washington. support the loose monetary policy stance." Waller and other Fed officials have recently emphasized that the central bank may need to keep interest rates steady for longer than previously expected. Policymakers have not adjusted the benchmark interest rate, currently at a 23-year high, since last July. Fundamentally, traders need to pay special attention to the speech of Fed Governor Waller, who is a hawkish Fed official and Waller is very likely to follow up with further comments. causing pressure on gold prices. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold broke most of the key technical levels and broke the technical structure that favors the upside. The drop below the trend and EMA21 is providing further downside risk to gold prices. In the immediate future, gold has a support at the technical level of 2,325 USD, and in case this technical level continues to be broken, gold will be eligible to move towards the level of 2,305 - 2,300 USD in the short term. The relative strength index (RSI) is pointing down but is still far from the oversold area, suggesting that gold prices still have room to decline further on the daily chart. From the technical level of 2,325 USD, the possibility of technical recovery is also limited by the EMA21 level which is currently the closest resistance, noticed by the technical point of 2,344 USD. During the day, gold's technical outlook leans more bearish with limited recovery and notable price levels are listed below. Support: 2,324 – 2,305USD Resistance: 2,344USD 🪙SELL XAUUSD | 2370 - 2368 ⚰️SL: 2374 ⬆️TP1: 2363 ⬆️TP2: 2358 🪙BUY XAUUSD | 2288 - 2290 ⚰️SL: 2284 ⬆️TP1: 2295 ⬆️TP2: 2300by Xayah_tradingUpdated 24
XAUUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 18
NATGAS Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.503 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.683 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 114
GOLD CAN GO DOWN WITH THIS BEARISH FLAGGold has broken below the trend line, signaling a bearish breakout. We now observe a bearish flag pattern, suggesting a further downward move towards the highlighted support level. It is prudent to wait patiently for a bearish flag breakout before entering short positions.Shortby traderchamp_2
XAUUSD. Weekly trading levels 3 - 7.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_Hoby1
Gold - LongBulls successfully defended a crucial swing level, and there appears to be a reversal observed in the spinning top candle on the daily. Possible next targets and take-profit zones in this chart where they are sure to meet resistance. Unfortunately, a lot of these movements may happen outside of regular trading hours in the U.S. (for GLD symbols), so trade carefully as invalidation of this will not permit instant stop-losses.Longby Trader-DavesUpdated 2
XAUUSD May 31, 2024 gold price reaches correction target?Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals. The news was announced yesterday Preliminary GDP news is 1.3%, lower than expected 1.6% Applications for unemployment benefits were 219k, higher than the previous period's 216k News that pending home sales are down 7.7% Yesterday's news indicators are showing that the US economy is facing difficulties due to the Fed's monetary policy control. Looking back a bit, we see that the CPI (Consumer Price Index) this period has decreased compared to the previous period. Tonight, the PCI (Personal Consumption Index) will be announced. If this index cools down, US inflation should have a good signal. This will contribute to helping the FED loosen its current monetary policy. The goal of tightening monetary policy is to ensure inflation reaches 2%, and when tightening monetary policy, raising interest rates will cause the economy to stagnate. Therefore, if US inflation has shown signs of cooling down while the economy is showing signs of stagnation, it is necessary for the Fed to consider policies to ensure a balance between economic goals and inflation goals. . Looking at the H1 chart, we see that the first target of wave 5 was achieved, then the price rebounded. - After the price bounces back, it is still early to say the correction has ended because the correction is confirmed to end when the price closes above 2450. But at least we will expect a price increase to the target. 2400 next week. - Currently we have price that has completed wave 1 as shown on the chart and is completing wave 2. We have a very good buying target which is the price range from 2337 to 2332. Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals.Longby DEEKOPUpdated 8
bullish goldthe metal failed to break through the dynamic trendline showing a decline in short volume at the support level signalling a reversal to the upside .Longby tafchidzy2
GOLD, XAUUSD💎GOLD This is my view on GOLD with multi time frame. ➡️Gold already showing selling structure on big time frame. ➡️To many key level has been broken by bearish momentum. ➡️I'm expected for new week price will be retest before doing continuation sell. ➡️Anyway, we wait for market open tomorrow and waiting for new structure because we got two possible way either price will be break latest support or retracement for buy on the latest support zone. GOODLUCK TEAM‼️ If you want more update on Gold, Xauusd. Kindly follow and like. Feel free to comment my outlook and share with your friends. Thanks!Longby ShahrulMokhtar_SAMUpdated 4
Gold H4 Chart📅 Monthly/Weekly Chart Outlook: Expect some ranging movement in the upcoming sessions. 📉 Recent Price Action: This morning, we saw the previous week's low being swept, taking sell-side liquidity. For those unfamiliar, sell-side liquidity refers to the stop-loss orders and sell orders accumulated below a previous low. When these are triggered, it provides the liquidity necessary for larger market participants to enter buy positions at lower prices. Given this sweep, we anticipate a pullback into the 2352-2364 region before continuing the downward movement. 💡 Trading Plan: Buying Area: 2291-2303 Look for a reversal on the 5/15-minute chart within this zone. Target: Aim for 2394-2404 to fill the imbalance left in this area. 📈 Market Insight: According to the latest COT report, banks added 30,000 contracts net long last week. This suggests that a correction down should be seen as a buying opportunity. 🔔 Disclaimer: This post is for educational purposes only and does not constitute financial advice. Trading involves substantial risk and is not suitable for every investor. Always conduct your own research before making any trading decisions. Happy Trading! 🚀📊💰Longby Mike_SnDUpdated 3
After selling off for 2 years$ 418 Low of May 2019 $1284 High of May 2022 $ 540 Low of April 2024 After massive floods in Europe, Asia, and now South America, wheat prices have taken off like a rocket. Commodities are not my specialty, but i have watched this one for years and it's been bought every pull back in the past 2 moths after it was sold every rally for the last 2 years. Even though the price is almost 30% off the last month lows, there is a lot more room to the highs of 2022. Strategy- small size, looking to catch the big move and more importantly to be able to hold on to it. Stop $631 1st Target $900 2nd Target $1,200 let's see how this one goes:) by onlytrade2winUpdated 221
GOLD Multi TF analysis 1/6/2024D1,W1 break support 2334.66. SL - 2353.28 TP - 2300.00Shortby LawrenceWongWBS2
Gold recovered thanks to slower US growthDear traders! Gold (XAU/USD) traded steady at $2,340 on Friday, pausing a difficult recovery from Thursday's three-week low around $20 lower. The recovery came after weaker US growth data showed inflation will be contained and interest rates are likely to fall. As a non-yielding asset, lower interest rate expectations are positive for Gold. And if the upward momentum continues according to the theory of breaking out of the rising channel, the final target that gold can reach could be the $2,400 area coinciding with the time of testing Fibonacci 2,618. And you? What is your goal?Longby IAm_RyderUpdated 111131
GOLD CONTINUES TO DECLINE, WILL THERE BE A REVERSAL IN THE NEAR Hello valued readers, this article will provide you with accurate news and predictions about today's gold market. The world gold price has generally decreased by -0.71% over the past 24 hours, corresponding to a decrease of -16.58 USD/Ounce. Information regarding inflation indices in the US has adversely impacted the financial markets. Wall Street has witnessed a downward trend upon opening, with no signs of easing price pressures in the world's largest economy. The Gold chart on the 4-hour timeframe, used to assess short-term trends, is showing a series of decreasing peaks and troughs, indicating a short-term downtrend and a tendency towards selling rather than buying. However, the medium and long-term trends of the precious metal continue to rise, indicating a high likelihood of recovery. A decisive breakthrough back into the upward trend is needed. Longby Jesscica1
Silver Short IdeaSilver has had a nice run, but it looks like that's beginning to reverse. COT is also showing large net short positions for Commercials.Shortby Bogbee1
NG, prepping for a multi weekly gain come December 2023NG based on monthly data is registering very significant net buy volume at the current price range. Seller's strength is certainly fading out based on thinning price volatility this past few days / weeks -- as shown on yellow price lines on chart. NG is currently sitting at a strong major support at 2.0 to 2.5 area, a 1.0 FIB discount level -- this is where most buyers converge. Initial trend shift has been spotted at the present price range. Spotted at 2.50 TAYOR Safeguard capital always. Longby JSALUpdated 9935
XAU-USD | 4H | SHORT | TECHNICAL CHARTHello traders, I have determined my FOREXCOM:XAUUSD target on the chart. I expect traders to buy from the supply and demand zone. I have marked the key level. Thank you very much for supporting me with your likes. If you traders want to receive constant updates under this post, there should be at least 50 likes. Note: I have been in the forex, crypto, and stock financial sector for 14 years. I do day trading with harmonic patterns, smc, chart formations, and Elliot wave strategies. I am sharing signals from some of my operations with you.Shortby TraderTilkiUpdated 4
Xstrizle Gold Levels Solid Purple Lines mark key areas to visit. Closes above green line we go up. Closes below red line we go down. Staying Below the Solid Lighter green line is key to continuation down.by xstrizle1