AlexGoldHunter TVC:USOIL Technical Analysis and Strategies for CFDs on WTI Crude Oil (1-Hour Timeframe) Chart Analysis Price Levels and Patterns: Current Price: 67.10 USD Falling Wedge Pattern: A typically bullish reversal pattern where the price is nearing the lower boundary, indicating a potential breakout to the upside. Target Price: 68.56 USD, which aligns with the upper boundary of the wedge and a previous resistance level. Support and Resistance Levels: Support Levels: 67.10 USD (current price level) 67.02 USD 66.77 USD Resistance Levels: 68.56 USD (target) 68.49 USD 68.29 USD Technical Indicators: Volume: Noticeable increase during recent price movements, indicating strong market interest. RSI (Relative Strength Index): Currently at 31.62, in the oversold territory, suggesting a potential buying opportunity. MACD (Moving Average Convergence Divergence): The MACD histogram shows a slight bullish divergence, indicating a potential reversal. Buy Strategy with Confirmations Confirmation of Breakout: Wait for a confirmed breakout above the falling wedge pattern. A close above the upper boundary of the wedge with increased volume would be a strong confirmation. RSI Confirmation: Ensure that the RSI is moving out of the oversold territory (above 30). MACD Confirmation: Look for a bullish crossover in the MACD indicator. Entry Point: Enter a long position once the price closes above the wedge with the above confirmations. Stop Loss: Place a stop loss below the recent swing low or the lower boundary of the wedge. Target: Set the target at 68.56 USD, as indicated on the chart. Sell Strategy with Confirmations Failure to Breakout: If the price fails to break out above the wedge and instead breaks below the lower boundary, consider entering a short position. RSI Confirmation: Ensure that the RSI is moving towards the oversold territory (below 30). MACD Confirmation: Look for a bearish crossover in the MACD indicator. Entry Point: Enter a short position once the price closes below the wedge with the above confirmations. Stop Loss: Place a stop loss above the recent swing high or the upper boundary of the wedge. Target: Set the target at the next support level, around 67.02 USD or lower. By following these strategies and confirmations, traders can make informed decisions based on the technical analysis presented in the chart. If you need further assistance or have any other requests, just let me know! ?
Pair: GBPUSD ✔ Classic Bearish formation GBPUSD is holding continuous down Trend so after market retracement I can take sell entry. If your analysis matches it take a trade otherwise skip the trade. "? Show your love by liking & leaving a comment! Your support means the world to us! ?"
Natural Gas | Oil | Dollar | Silver | Gold Price Forecast
BIAS Monthly-Bearish Weekly-Not Sure Daily-Not Sure 4hr-Not Sure 1hr-Bullish TRADE Wait for Nifty to give definitive momentum in any direction.
NYSE:TGT Looks like we might get a reversal. I am thinking of doubling down on this. It looks like it has the potential to form an inverse head and shoulders pattern. Currently, it is up against the POC volume resistance. If it can overcome it, it could launch to the $144 area. $144 will be a hard resistance. ?
Trading setups like these is where I often succeed due to the multiple confluences and price structures. If you like taking less but high-quality setups, this one qualifies. Expansion after multi-week accumulation, textbook PO3 play. Price holding above premium forming strong support. Recently, it broke out on the daily timeframe. We can enter on the retrace with invalidation below 0.5 level. Target ATH and higher.
Coming Up This Week in Gold We continue with our bearish bias for gold this week. Last week, price action moved relatively sideways, primarily taking short-term liquidity and consolidating as expected. This consolidation occurred because we didn’t see a clear expansion or a move toward significant liquidity levels. However, two key liquidity lows were taken, validating our downside targets. On the 4-hour chart, a notable area has been created, indicating a potential "buying in" scenario. This increases the probability of a pullback, though, as always, it’s never guaranteed. There are also areas above where price action may set up for possible sell entries. Focus on these areas for potential short opportunities, targeting liquidity lows. Based on current analysis, we’d expect a move to the downside by midweek or early in the week. That said, gold is fundamentally driven, and there’s always the possibility of price pushing higher through these liquidity targets without a significant drop. We will monitor these key areas closely, as they continue to hold relevance. If price continues sideways, new areas of interest may develop, such as fresh highs or lows, which could influence future price reactions. For now, it’s clear there is substantial liquidity in the upper range of this consolidation, with major liquidity points lower down. Remember to stick to your risk management and follow your trading plan.
Three places that I'll keep an eye on 1. Local demand zone (Blue box): most obvious place, swipe all weekend stops and retest local demand. Would be most bullish scenario if we bounce here. Idea would be to wait for some kind of ltf lows holding, ltf imbalance, then position aggressively after the imbalance with stop below it. 2. Retest the demand that took us above 100k (green box): While we have a huge wick going through this zone, I see that mostly as a liquidation cascade and quick buyback so imo it can be disregarded for watching future long POIs. 93-94k demand is what took us to above 100k, I'd like to see some bullish price action on a potential retest there. In a deeper retrace like this I'd like to look for ltf structure shifts. 3. Bearish retest of Friday supply zone. This is always conditional: we need to see price reject on ltf and have a clear invalidation, especially if we're dealing with slow grind buying. Wait for slow grind to push into horizontal resistance zone, then fail to push through, position in imbalance.
⚡GOLD Best Break Our / Key level's 15m Tf ?Bullish After Break Out key level + High Volume / 2644 Area ?Bearish After Break Out key level + High Volume / 2631 Area ⚡ We Only Sent Most Accurate Opportunity and Analysis Not by Number .. ? Announcement Coming After Successful Break
Gold is currently in a phase where it’s too early to establish an uptrend channel, but the conditions are ripening for a retest of its previous all-time high in the $2,793 area. What’s crucial at this stage is the formation of a rounded bullish pattern, which could set the stage for further upward momentum. Short-Term Movement: Retest and Cooling Down Retest of $2,793: A rally to retest the $2,793 level appears likely, as gold capitalizes on recent bullish momentum. Cooling Phase: After rejecting the all-time high, gold could cool down, first retreating to the $2,650 zone, and then further to $2,550. This corrective move will allow the market to consolidate before the next significant push. Two Possible Scenarios for 2025–2026: Scenario 1: Bullish Channel and New High by April 2025 Timeline: Between January and February 2025, XAU/USD could start forming a clear bullish channel. Target: This structure could lead to a new all-time high in the $2,800–$2,900 range by March–April 2025. Outlook: This scenario represents a continuation of the bullish trend with steady growth. Scenario 2: Prolonged Range and Significant Drop by 2026 Timeline: Gold may remain in a range-bound phase until November 2025, oscillating between key levels ($2,700-$2,500) Target: A lack of upward momentum during this time increases the probability of a significant decline to $2,300 by May 2026. Outlook: This scenario reflects market exhaustion after prolonged consolidation, leading to a bearish correction. Key Levels to Watch: Resistance: $2,793 (ATH), $2,800–$2,900 (potential new high). Support: $2,650, $2,550 (corrective phases), $2,300 (long-term bearish target). Summary: XAU/USD is preparing for a retest of the $2,793 all-time high, followed by a likely cooling phase to $2,650–$2,550. Beyond this, gold’s trajectory depends on its ability to establish a bullish channel in early 2025: Bullish Outcome: New ATH of $2,800–$2,900 by April 2025. Bearish Outcome: Prolonged range followed by a drop to $2,300 by May 2026. Traders and investors should monitor key levels and the market’s ability to build a rounded bullish pattern to gauge the next significant move.