XAU/USD MARKET OVERVIEW Today (March 17), I was following gold on H4 and I noticed clear selling pressure on the market. Price managed to break some important support levels around 5115 and 5063, and now it is holding below these zones, which for me...
Technical analysis of Crude oil On the H1 timeframe, WTI Crude Oil (USOIL) is currently trading around the 94.00 – 94.20 zone, moving within a broad ascending channel, which reflects a medium-term bullish structure. However, recent price action...
Technical Analysis of Gold Daily Chart Today's candle is nearing its close, which appears likely to lead to further declines. The price has successfully broken the channels on the daily chart and also breached the monthly pivot level of 4987. This...
Understanding the Inverted Hammer Candlestick Pattern The Inverted Hammer is a significant bullish reversal candlestick pattern that primarily appears at the bottom of a downtrend. It is characterized by a small real body at the lower end of the...
Crude Oil Price Action Crude Oil (CL) on the H1 timeframe is currently showing signs of recovery after a strong bullish impulse followed by a corrective pullback. The chart indicates that price recently made a sharp upward move, breaking above...
