Fanatic's Gold & Crude Light Oil Analysis
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  • #1 Collapse

    Fanatic's Gold & Crude Light Oil Analysis
    GOLD Near Term: Upside favored

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Name:	Gold chart 27 july 2020.jpg
Views:	1
Size:	100.5 KB
ID:	17548944

    Date 27/07/2020
    Pivot Point 1896.13
    Resistance Levels R1 1905.68; R2 1911.59; R3 1921.15
    Support Levels S1 1886.57; S2 1880.66; S3 1870.11
    Comments Further advance favored



    CL OIL Near Term: Consolidation

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Name:	CL Oil chart 27 July 2020.png
Views:	1
Size:	22.4 KB
ID:	17548945

    Date 27/07/20
    Pivot Point 41.25
    Resistance Levels R1 41.63; R2 41.87; R3 42.24
    Support Levels S1 40.88; S2 40.64 S3 40.26
    Comments Consolidation
    Attached Files
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  • #2 Collapse

    Originally posted by fanatic View Post
    GOLD Near Term: Upside favored

    [ATTACH]237660[/ATTACH]

    Date 27/07/2020
    Pivot Point 1896.13
    Resistance Levels R1 1905.68; R2 1911.59; R3 1921.15
    Support Levels S1 1886.57; S2 1880.66; S3 1870.11
    Comments Further advance favored



    CL OIL Near Term: Consolidation

    [ATTACH=CONFIG]237661[/ATTACH]

    Date 27/07/20
    Pivot Point 41.25
    Resistance Levels R1 41.63; R2 41.87; R3 42.24
    Support Levels S1 40.88; S2 40.64 S3 40.26
    Comments Consolidation


    analysis is good but the idea are i think wrong because the GOLD looking for the bullish side next and i think that soon it will hit the target of the 2000$ and the CRUDE OIL is also looking for the bearish side and i hope it will fall for the target of the 35$ so mate tanks i think you have the wrong idea this time....
     
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    • #3 Collapse

      USDX is a major indicator of the relative strength of USD and the direction of USD. So a weak dollar increases the exchange rate of other assets paired to it. All commodities priced in US Dollar responds to the value of US Dollar Index. So the trends of all US Dollar denominated assets will likely reverse whenever the trend of USDX reverses.
       
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      • #4 Collapse

        Originally posted by fanatic View Post
        USDX is a major indicator of the relative strength of USD and the direction of USD. So a weak dollar increases the exchange rate of other assets paired to it. All commodities priced in US Dollar responds to the value of US Dollar Index. So the trends of all US Dollar denominated assets will likely reverse whenever the trend of USDX reverses.
         is a dreadfully benefit idea to be successful on and the towering traders who are pro traders on it be successful on it. operational in the stay is a small piece complicated for the reason that it is obligatory to put I'm sorry? is in the jam for the reason that nearby container be a allocation of community in it and a insignificant is dispel the invariable means at this point If the marketplace continues to exert yourself this technique in the launch times, after that we be capable of operate and pick up proficient profit. essentially rag promote has extend to you at this juncture and at this time we contain to decide
         

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        • #5 Collapse

          Originally posted by fanatic View Post
          USDX is a major indicator of the relative strength of USD and the direction of USD. So a weak dollar increases the exchange rate of other assets paired to it. All commodities priced in US Dollar responds to the value of US Dollar Index. So the trends of all US Dollar denominated assets will likely reverse whenever the trend of USDX reverses.
          After a promising begin to the exchanging session on the back of secure sanctuary request the U.S. Dollar dove against a wicker container of monetary standards on Friday on U.S. financial stresses. Early within the session the greenback was backed by safe-haven request in response to an acceleration of U.S China tensions.Sellers returned to halt the intraday rally and drive the U.S. Dollar File to a more than two year moo after U.S. fabricating and administrations information came in weaker than anticipated recommending a longer than anticipated subsidence
           

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          • #6 Collapse

            The USDX is initiating a trend reversal on H4 chart, that may usher in an uptrend for the dollar, but is presently facing a stiff resistance from the bears due to lack-luster economic news from the US. Gold at present is facing some stiff resistance at the $1900 level, while Crude light Oil continues to consolidate. All eyes are on the dollar, as its turn around will have a far reaching impact on the trend of many other currencies and assets in the market.
               
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            • #7 Collapse

              Originally posted by fanatic View Post
              The USDX is initiating a trend reversal on H4 chart, that may usher in an uptrend for the dollar, but is presently facing a stiff resistance from the bears due to lack-luster economic news from the US. Gold at present is facing some stiff resistance at the $1900 level, while Crude light Oil continues to consolidate. All eyes are on the dollar, as its turn around will have a far reaching impact on the trend of many other currencies and assets in the market.
              if you channel is making some variation away and I think it is not will be good because I thought it will go in a long way we can see it's a daily chart it's also was bullish but now its variation so it can make again belisha trends in daily chart frame on h4 6 frame so wait for its last moments and we will make some profit I think your channel love you are right because it's your opinion
               

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              • #8 Collapse

                Gold remains in an uptrend, though it may be facing a stiff resistance at $1950 level, but remain supported at $1900 level. But WTI Crude Light Oil has a bearish bias, though its daily uptrend it still intact.
                   
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                • #9 Collapse

                  Originally posted by fanatic View Post
                  Gold remains in an uptrend, though it may be facing a stiff resistance at $1950 level, but remain supported at $1900 level. But WTI Crude Light Oil has a bearish bias, though its daily uptrend it still intact.
                  My dear friend, how are you that the price of gold can go from 1945 to 1960 and I think now the price of gold will go down again and go up and meet the target by 2000 And I think the market trend will be bullish
                   

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                  • #10 Collapse

                    GOLD H4 Chart

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Name:	Gold 28 July 2020.png
Views:	1
Size:	14.3 KB
ID:	17334008

                    Date 28/07/2020
                    Pivot Point 1928.68
                    Resistance Levels R1 1946.12; R2 1956.90; R3 1974.34
                    Support Levels S1 1911.24; S2 1900.46; S3 1883.02
                    Comment Upside Favored


                    CL OIL H4 Chart

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Name:	Crude light Oil 28 July 2020.png
Views:	1
Size:	17.9 KB
ID:	17334010

                    Date 28/07/2020
                    Pivot Point 41.38
                    Resistance levels R1 41.88; R2 42.19; R3 42.70
                    Support levels S1 40.87; S2 40.56; S3 40.06
                    Comment Downside favored
                       
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                    • #11 Collapse

                      Originally posted by fanatic View Post
                      Gold remains in an uptrend, though it may be facing a stiff resistance at $1950 level, but remain supported at $1900 level. But WTI Crude Light Oil has a bearish bias, though its daily uptrend it still intact.
                      Originally posted by fanatic View Post
                      GOLD H4 Chart

                      [ATTACH=CONFIG]238973[/ATTACH]

                      Date 28/07/2020
                      Pivot Point 1928.68
                      Resistance Levels R1 1946.12; R2 1956.90; R3 1974.34
                      Support Levels S1 1911.24; S2 1900.46; S3 1883.02
                      Comment Upside Favored


                      CL OIL H4 Chart

                      [ATTACH=CONFIG]238975[/ATTACH]

                      Date 28/07/2020
                      Pivot Point 41.38
                      Resistance levels R1 41.88; R2 42.19; R3 42.70
                      Support levels S1 40.87; S2 40.56; S3 40.06
                      Comment Downside favored
                      Yes, you are absolutely right and I agree on your chart and I think the price of gold can go up to 1950 and also till 1974 because it is its level and when it talks about of people And this can also go up to 42 crude oil And I think whatever the target is, it can be fulfilled
                      And I think these two are going towards the bullish trend
                         

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                      • #12 Collapse

                        Originally posted by fanatic View Post
                        GOLD H4 Chart

                        [ATTACH=CONFIG]238973[/ATTACH]

                        Date 28/07/2020
                        Pivot Point 1928.68
                        Resistance Levels R1 1946.12; R2 1956.90; R3 1974.34
                        Support Levels S1 1911.24; S2 1900.46; S3 1883.02
                        Comment Upside Favored


                        CL OIL H4 Chart

                        [ATTACH=CONFIG]238975[/ATTACH]

                        Date 28/07/2020
                        Pivot Point 41.38
                        Resistance levels R1 41.88; R2 42.19; R3 42.70
                        Support levels S1 40.87; S2 40.56; S3 40.06
                        Comment Downside favored
                        Hey dear.

                        Looks like you are going to teach newbie from your vast experience. It's a good move mate. You should have opened this trading journal earlier. But you have to change your trading journal mate. It should be Fanatic's trading journal. Send a massage to Aviz mate for this correction. However it's really wonderful analysis mate. Gold bounced back after testing 1980 level and reached at 1940 level. I think it will move upwards again.
                        When Fortune Knocks, Please Open The Door.

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                        • #13 Collapse

                          Originally posted by fanatic View Post
                          GOLD H4 Chart

                          [ATTACH=CONFIG]238973[/ATTACH]

                          Date 28/07/2020
                          Pivot Point 1928.68
                          Resistance Levels R1 1946.12; R2 1956.90; R3 1974.34
                          Support Levels S1 1911.24; S2 1900.46; S3 1883.02
                          Comment Upside Favored


                          CL OIL H4 Chart

                          [ATTACH=CONFIG]238975[/ATTACH]

                          Date 28/07/2020
                          Pivot Point 41.38
                          Resistance levels R1 41.88; R2 42.19; R3 42.70
                          Support levels S1 40.87; S2 40.56; S3 40.06
                          Comment Downside favored
                          Hello dear mate.
                          Nice analysis dear mate.I also trade on Crude oil but still in lose so i sure that it will come back to my entry soon.That is why i will holding it and close in the profit.Yesterday NewYork session is badly effect the Oil .But soon it will recover it but not come to my entry because i will buy it on the R2 42.19 level so that's why i'm in lose.
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                          • #14 Collapse

                            The USDX is once again on a downward slide following the disappointing economic news from the New York session. This explains the upwards trend of gold and other USD currency pairs once again.

                            H1 USDX Chart

                            Click image for larger version

Name:	USDX 28 Jul 2020.png
Views:	1
Size:	15.2 KB
ID:	17334033
                               
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                            • #15 Collapse

                              Originally posted by fanatic View Post
                              The USDX is once again on a downward slide following the disappointing economic news from the New York session. This explains the upwards trend of gold and other USD currency pairs once again.

                              H1 USDX Chart

                              [ATTACH=CONFIG]239029[/ATTACH]
                              Hi my dear usdx is more weak and continue down trend under the bellow level. According my technical analysis of the version of the US continue down trend. Sometimes the markets do not feel any tendency to create an uptrend or downtrend of what happened at USDX prices last night. It has been well followed by me and many others that he could not develop his bearish outlook after receiving 96.59 USDX. Here we can assume that the price will return to 91.61 or 88.23 after he continues his downtrend.
                               
                              Kindly open my Latest Journal than doing reply

                              https://forum.mt5.com/showthread.php...1#post14953307

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