Price formed a symmetrical triangle, broke out on the lower side and retested the support zone with a bearish candlestick pattern.
Crude oil has pulled back a touch this morning with front-month WTI trading around $77. It could be that the market is ready to consolidate after a significant bull run, which began just before Christmas. WTI is up 12% since 20th December, and 15% from its last significant low point, hit earlier that month. A bounce in crude prices has been overdue for a while now, given the downtrend which has been playing out ever since prices peaked in early 2022, soon after Russia’s invasion of Ukraine. Since then, front-month WTI has held above $65 per barrel on a daily closing basis. So, while this latest rally may see crude break out of its downtrend, it remains within sight of that multi-year low. Last year, crude prices came under constant selling pressure as the outlook for global demand growth was repeatedly revised down. China’s economic slump following its property bust was the main driver of these revisions. It remains to be seen if promises of monetary and fiscal support from Chinese authorities will prove substantial enough to improve this dynamic. Currently, crude is getting a boost from the cold weather across Europe and parts of the US, as well as from fresh US sanctions on Russian oil sales.
Hey guys I am here to share you one of the best XAUUSD setup, so do not forget to share your opinion about my chart. Kindly follow me and boost my charts for best XAUUSD SETUP. XAUUSD is running in a parallel channel in H1 timeframe and it has touched parallel channel lower line and small support zone also and then start for long. According to me XAUUSD will go for long and will not break the parallel channel because XAUUSD is in full bullish trend and going opposite trend will be a big mistake. I have given a support area 2663/2658 because it is possible that it can respect the support area very well and then will go to the first target 2684/2690 because it is a resistance also and then if it break the first target then will go for the second target that is 2702/2708.. KEYPOINTS ENTRY 2665 FIRST TARGET 2684/2690 SECOND TARGET 2702/2708 SUPPORT AREA 2663/2658 CANCEL TRADE 2648 Kindly boost my charts and do not forget to share it with friends and follow me for latest updates on XAUUSD.
DJT broke out buy at $40.00-$35.00 take profit1-$45.00 take profit 2-$50.00 take profit3-$55.00 take profit 4-$65.00
XAU/USD market due to the upcoming high-impact data releases, such as the Consumer Price Index (CPI) and Producer Price Index (PPI). The reduction in expectations for a rate cut this year could strengthen the US Dollar, leading to a possible correction in Gold prices. Resistance Zone 2775/2680 Support Levels 2655/2640 If Gold breaks below the key support level of 2666, the next support targets would be 2655 and 2640. These levels are important because they mark potential areas where Gold could face additional pressure if the US Dollar strengthens following the data release. Rate Share your idea what's Price will React.
https://www.tradingview.com/x/1IMuJpmI/ Hello, Friends! Bearish trend on EUR/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.022. ✅LIKE AND COMMENT MY IDEAS✅
PPI MOVEMENT should be the following it will have a buy movement to sell off to grab liquidity. Don't expect a very large movement from the news but rather from the news from FOMC williams speech. Please becareful as it is the first PPI for the year Don't Forget to boost the Idea if you see the same movement.
Trying to find trades by looking supply/demand zones and support/resistance zones mainly.
Dollar. Now. In. Wave. Third. From. Now. Begins. In. Correction. ABC.
By Last Night Bounced From 1.272% Fibo Level By The Strong Green Candle Again The Bitcoin Price Is Back Above The Trend Line Currently The Price Trying To Breakout From a 96k Resistance Level And After This Breakout The Next Target Will Be Reach 100k Important Trend Line Totally As Long As The Price Playing Above The 92k Level My Priority Is Bullish