WTI oil prices have been on a downward slide since April, evident in the downtrend on the 4-hour chart, a key indicator for short-term trends (up to 6 weeks). This trend aligns with the adage "the trend is your friend," suggesting a continuation of...
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The image shows a candlestick chart for Gold Price in USD Spot. Here is a breakdown of how to read and interpret the chart: Key Components of the Chart: Candlesticks: Each candlestick represents a time interval (in this case, 1 minute). The body...
Gold Price Analysis: Bearish Trend Continue After Friday's Sell-Off Gold prices experienced significant movement on Friday, declining from the resistance level of 2387.50 and breaking through the 2315.00 level under substantial selling pressure....
Parabolic Sar in classic analysis In classical technical analysis, one popular tool used to determine trend direction is the Parabolic SAR, or Stop and Reverse, indicator. This indicator was developed by Welles Wilder and is used to identify...