Macro: - Oil prices stay weak as trade war fears weigh on global growth and energy demand. - The IEA cut its 2025 oil demand growth forecast to just 730k bpd, the slowest pace in five years, down from 1.03 mln. - Meanwhile, OPEC+ output is rising, with Saudi Arabia set to boost exports to China in May and Russia maintaining steady production, fueling oversupply concerns. Technical: - USOIL is in a clear downtrend fueled by lower highs and lows. The price is below both EMAs, indicating persistent downward momentum. - If USOIL closes above the resistance at 63.30, the price may retest the following resistance at 65.80. - On the contrary, remaining below 68.30 may pave the way to retest the support at 57.25 and 53.85, respectively. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Analysis done directly on the chart Even after the fiercest storm, life finds a way to bloom again. If you know, you know. (IYKYK) Not financial advice, DYOR. Market Flow Strategy Mister Y
? **Chart Overview:** - The chart shows a recent **bearish movement** after a double top pattern, indicated by the red arrows. - Price has dropped significantly and is approaching a **key support zone** around **99.209 – 99.253**. - A potential **bullish reversal** is anticipated from this support zone. --- ? **Trade Idea:** ✅ **Bullish Scenario (Primary Setup):** 1. **Wait for price action** confirmation around the support area **(99.209 – 99.253)**. 2. Once bullish confirmation appears (e.g., bullish engulfing, pin bar, or double bottom), look for **buy entries**. 3. **First target:** **99.839** (minor resistance zone). 4. **Final target:** **100.607** (major resistance & previous high). ❗️**Invalidation:** - If price breaks and closes **below 99.209** with strong bearish momentum, the bullish idea becomes invalid and further downside may be expected. . ? **Strategy Notes:** - This setup assumes a potential **V-shaped recovery** after a liquidity grab below the recent low. - Watch for **U.S. economic data releases**, as marked on the chart – they may trigger volatility and impact DXY movement.
See, watch and learn. You don't need to use my analysis
Yesterday’s price action and the Asian session saw Gold break cleanly through the 3225 and 3230 buy zones, pushing over 600 pips to a new all-time high of 3291. With this kind of extended move and news expected later today, Gold will stay on the watchlist until a proper pullback forms. Key levels to watch for buy setups are 3265 and a deeper retest around the 3238 key level we originally broke out from.
Gold Analysis Update: As Gold hovers at the All-Time High (ATH), it's crucial to observe how the market behaves during the London session, which is known for its high liquidity and volatility. After taking the Asian session high, the price action is now poised to potentially revisit the marked Fair Value Gap (FVG) zone. If the market retraces to this zone and provides a bullish confirmation, such as a strong bullish candlestick pattern or a break above a key resistance level, it could set the stage for a beautiful buy-side trade setup. This would potentially offer a lucrative trading opportunity for those looking to capitalize on the ongoing bullish trend. Let's closely monitor the price action and wait for the market to provide a clear signal before making any trading decisions.
Using Fib circles to plot a top within the 1.618 arc This will be the beginning of a trend line up that isn't as sharp which I have shown with the bars pattern tool in green Still bullish just not at the same rate Weekly timeframe
APOLLOTYRE showing head & shoulder breakout but WITHOUT VOLUME. It may continue towards 515 if gets increased market participation. I would wait for the volume trigger. But definitely keep it on radar.
KO shows dips below the middle of this large ascending structure on the Weekly timeframe Right now this dip is occurring, following this dip price should accelerate up through the Wedge Very bullish if you want to go very long Weekly timeframe
??? Gold news: ➡️ Gold prices continued to hit fresh record highs during Wednesday’s Asian trading session, approaching the significant $3,300 mark. Persistent concerns over an escalating U.S.-China trade war and fears of a U.S. trade war economic recession amid ongoing tariff turmoil has continued to boost demand for the non-yielding yellow metal. ➡️ Another major factor driving funds into gold is the growing speculation that the Federal Reserve will soon resume its rate-cutting cycle, potentially reducing borrowing costs four times this year. Meanwhile, the prospect of aggressive Fed easing policy has failed to attract buyers to the U.S. dollar or trigger any meaningful rebound from its lowest level since April 2022, which was reached last week. As a result, gold prices remain well-supported and appear largely unaffected by minor overbought conditions on the daily chart. Personal opinion: ➡️ Gold's RSI enters the extreme overbought zone and will have a short-term correction. Therefore, you can wait for technical recovery zones to buy gold at a good price ➡️ Note: Limit selling gold because currently the Fomo of the buying side is very large, so selling will be very risky ➡️ Analyze based on resistance - support zones and EMA combined with RSI to come up with a suitable strategy Plan: ?Price Zone Setup: ?Buy Gold 3246 -3248 ❌SL: 3240| ✅TP: 3254 - 3259 - 3265 ?Sell Gold 3310 -3312 ❌SL: 3317| ✅TP: 3305 – 3300 – 3295 FM wishes you a successful trading day ???