Gravestone Doji Strategies

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Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 26, 2018
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 26, 2018
Gold rushing the upward movement on the last day of the week. The precious metal challenging $1,240 and vigorously traded near it. No breakout yet, but it seems gold will close the week near $1,240 and ready to climb toward $1,250 next week. Shorting at current level might become a major success if gold closes below $1,240 by the end of the week. At the current time, it is better to wait to close of the day. Today critical level to watch: Support: $1,234, $1,220, $1,210, $1,200 Resistance: $1,240, $1,250 No major movement in silver and the price stay inside triangle pattern shown on the chart. The precious metal will continue its ranging movement and waiting for momentum movement outside of the triangle. Traders could continue trading the range with a bullish bias. Today critical level to watch: Support: $14.40, $14.00 Resistance: $15.00, $15.60 Similar to silver, there is no major price movement in crude oil yet. Even though the price currently traded upward, it has yet to move above previous day high. Nothing to expect in crude oil at the moment. The price has bearish bias and $67.09 – $67.91 will become the cap for upward movement. Traders could consider a short position near the range. Today critical level to watch: Support: $67.00, $66.00, $65.78, $65.00, $64.44 Resistance:  $67.91, $70.00, $71.39, $74.04 SOURCE : https://tradertalks-net.translate.goog/s/26000?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 26, 2021
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 26, 2021
Gold prices finally made a close above $1,800 and the daily SMA 200. The price is expected to continue its bullish trend and target the $1,850 resistance level next. At the current time, there is a bearish test on the broken level. If the price could continue to maintain the positions above both levels until the end of the week then the bullish trend secured. Today critical levels to watch: Support: $1,800, $1,780, $1,700, $1,680 Resistance: $1,850 The bullish movement of silver prices has not reached the orange box area yet. However, the price managed to print a bullish close yesterday. at the current time, the price is under pressure and might start a correction to retest the $23.90 support level. Traders will wait near the yellow box area for a chance to enter long positions. Today Critical levels to watch: Support: $23.00, $21.35, $20.00 Resistance: $23.90, $25.00, $26.00 Crude oil prices made an upward movement yesterday and tested the $85.00 resistance level. The test resulted in a bearish pin bar pattern which might signal a bearish reversal. No conclusion yet whether the pair will start moving lower or continue its upward movement. Traders will observe the price reaction between $82.72 – $85.00 with a bullish bias. Today critical level to watch: Support: $82.72, $77.13 Resistance: $85.00, $90.00 SOURCE : https://tradertalks-net.translate.goog/s/25998?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 26, 2022
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 26, 2022
Gold prices trading upward as the U.S dollar index undergoes bearish correction. The bullish movement soon will reach the $1,680 – $1,700 area and test it. If the price could climb and close above $1,700 then there is a chance of bullish continuation to target $1,780 – $1,800. On the other hand, a major bearish rejection without a new higher high is a bearish confirmation. Today’s critical levels to watch: Support: $1,600, $1,585 Resistance: $1,680, $1,700, $1,780, $1,800 Silver prices moving back to its bullish track and are set to target the $20.00 handle. Traders will monitor the price movement near the resistance level. If the price could break out and close above it then silver prices will target $21.35. However, if a bearish reversal happens and a new lower low is printed then the bearish trend is set to continue. Today’s Critical levels to watch: Support: $18.50, $17.73 Resistance: $20.00, $21.35 Another close near $85.00 happens in crude oil prices after a bearish attempt. The price continues to stick near the $85.00 handle and might continue the sideway movement. Traders will continue to observe the price reactions at the $85.00 handle. If the price could continue moving upward then it will target the $90.00 and $95.25 resistance levels. Today’s critical level to watch: Support: $85.00, $80.00, $77.13 Resistance: $90.00, $95.25 SOURCE : https://tradertalks-net.translate.goog/s/25997?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 26, 2023
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 26, 2023
Consolidation of prices between $1,953 – $2,000 is still ongoing for now and gold prices are in a bullish trend. When the price can make a close above the $2,000 point then the bullish trend can continue immediately. When the price moves down towards $1,953, traders can use the opportunity to enter a long position. Today’s critical levels to watch: Support: $1,950, $1,900, $1,850, $1,800 Resistance: $2,000, $2,069, $2,074 Bearish pressure occurred on silver prices today below the $23.00 point. However, the price seems to be able to recover and is now trading not far from its opening point. Consolidation will still take place near the $23.00 mark for now and traders will wait for further developments. Today’s Critical levels to watch: Support: $23.00, $21.35, $20.00 Resistance: $23.90, $25.00, $26.00 Bullish and bearish pressure alternated near the $85.00 point where crude oil prices continued to move nearby. There is no strong confirmation yet for the direction of the next movement. Crude oil prices are now seen trading inside a triangle pattern and are testing the bottom of the pattern. If the price can bounce up strongly and close above $85.00 then there is a chance of continuation of the bullish movement. Today’s critical level to watch: Support: $85.00, $80.00 Resistance: $90.00, $95.00 SOURCE : https://tradertalks-net.translate.goog/s/25996?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 27, 2016
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 27, 2016
The gold price was moving in positive sentiment, but Yesterday it got rejected near the blue area. The price reaches $1,275 before reversed, fortunately, the bullish channel still intact and prevented it from going down further. The market will observe $1,260 as support and watch $1,280 – $1,300 as a huge area to break. Gold top forecaster (OCBC) at Singapore predicted the Fed would raise interest rate in December and two times in 2017. If the forecast comes true, Gold price will experience a lot of pressure and might drop to $1,100. Meanwhile, the market is focused on the presidential election where uncertainties linger, this situation will give support to the gold price and drive it up. Today critical level to watch: Support: $1,260, $1,250, $1,220, $1,200 Resistance: $1,270, $1300, $1,280, $1330, $1350 The strength in U.S dollar put most instruments under immense pressure, and silver is not an exception as the price struggle to protect its $17.50 support level. Although the price is moving up in the short-term bullish channel, the bear might suddenly come and push the price lower than $17.50. Today critical level to watch: Support: $17.50, $17.00, $16.50 Resistance: $17.80, $18.50, $19.00 Crude oil might already reach a certain decision as the price broke lower below its triangle support trendline. After the price had broken, below it, the bull tried to brought the price up but intercepted by the bear at $50. The short-term – medium-term trend might already reverse and the bull can only hope for a bounce near the $48.00 – $48.50 support area. On the fundamental side, internal disagreement between OPEC members fuels uncertainties even though Russia already in the same boat urging for a production cut. OPEC member currently pressing on Iraq to join the production cut, otherwise all effort to bring the price up will be good for naught. Today critical level to watch: Support: $48.50, $48.00, $47.00 Resistance: $50.00, $50.40, $51.00, $51.14 SOURCE : https://tradertalks-net.translate.goog/s/25995?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 27, 2017
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 27, 2017
The gold bull could not lift the price back above $1,280 and previous day trading session sealed the precious metal fate. It is the time for the bull to handover the baton to the bear and let the price corrected. Nearest support level to test is the daily SMA 200, and below the level, there are black and red trendlines. It is better for traders to wait until bullish pattern formed near the support level. Today critical level to watch: Support: $1,258, $1,250 Resistance: $1,280, $1,300, $1,313.22, $1337, $1,390 Same situation as major forex pairs and other opposite U.S dollar instruments, silver closed lower on the previous day. Although there is hope for the bull to take control of the market, it looks like the chance is slim. Silver fall from $16.80 and closer to $16.50 than $16.80 – $17.00 resistance. Without any bounce or stop near $16.50, silver expected to continue the downward movement to test $16.00. Today critical level to watch: Support: $16.50, $16.00 Resistance: $16.80, $17.00, $17.20, $17.50, $17.73 Crude oil unexpectedly bullish and closed above $52.40 resistance level in the previous day trading session. Maybe this is the only instruments which gained against U.S dollar while major forex pairs and precious metals slide. However, on today trading, crude oil currently testing if the bullish move is dependable. The close above $52.40 is important for the bull, while the bear would want the price settle below it. Today critical level to watch: Support: $52.40, $51.20, $51.00, $50.00 Resistance: $54.50 SOURCE : https://tradertalks-net.translate.goog/s/25994?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 27, 2020
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 27, 2020
Even though the price opened lower below $1,900, at the end of the day, gold managed to climb higher and closed above $1,900. There is no change to the outlook of the precious metal yet. Gold prices are expected to consolidate near the $1,900 handle. In the long-term view, gold prices are expected to continue its bullish trend. However, the price needs to print a higher high before it could confirm the continuation of the bullish trend. Today critical levels to watch: Support: $1,900, $1,850, $1,800, $1,780 Resistance: $1,950, $2,000 The rejection from the $25.00 added more bearish pressure on silver prices yesterday. The price closed lower for the third day and will aim for a further bearish close. No bearish continuation yet today but silver could not lift itself higher. If the price made a further bearish close below the previous day low then traders will expect the start of a new bearish leg toward $21.35 and $20.00. Today Critical levels to watch: Support: $21.35, $20.00 Resistance: $25.00, $26.00 The price gapped lower and start trading near the $38.50 support level yesterday. Fortunately, there is no bearish close below the level. Crude oil prices currently attempting to maintain its position above the level. if the price could start moving higher again then the consolidation between $38.50 – $40.00 will continue. Today critical level to watch: Support: $38.50, $33.00, $30.00 Resistance: $40.00, $49.00, $50.00 SOURCE : https://tradertalks-net.translate.goog/s/25993?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 27, 2022
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 27, 2022
Gold prices is moving upward following the weakness of U.S dollar index. The price has not yet reached the $1,680 – $1,700 area, and traders will wait at the sideline for now. If the price could close above $1,700 then the bullish movement could continue to target a new higher high to confirm bullish continuation. Today’s critical levels to watch: Support: $1,600, $1,585 Resistance: $1,680, $1,700, $1,780, $1,800 Silver prices attempt to build more bullish pressure toward the $20.00 handle. The price needs to close above $20.00 to confirm further upward movement to test $21.35. The key to triggering a long-term bullish reversal is a close above $21.35 or a new higher high. If the price gets rejected from the $20.00 handle then we might see another bearish attempt on $18.50. Today’s Critical levels to watch: Support: $18.50, $17.73 Resistance: $20.00, $21.35 Crude oil prices bounced from the $85.00 handle with strong bullish momentum. The price might test the $90.00 handle and extend the bullish movement toward $95.25 if the resistance level breaks to the upside. On the other hand, a bearish rejection from $90.00 might confirm a ranging movement between $85.00 – $90.00. Today’s critical level to watch: Support: $85.00, $80.00, $77.13 Resistance: $90.00, $95.25 SOURCE : https://tradertalks-net.translate.goog/s/25991?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 28, 2019
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 28, 2019
The upward extension above the bearish channel and resistance $1,500 open the bullish path for gold. Unfortunately, the precious metal experienced selling by the end of the week and the price settle near its opening level. Gold’s next direction will depend on how the price reacted to $1,500 and the channel this week. There is the Fed interest-rate decision to watch this week which will give high influence to the gold price direction. Today critical levels to watch: Support: $1,500, $1,480, $1,450, $1,430 Resistance: $1,550 Silver finally breakout above $17.73 and launched upward at the end of the previous week. The upward movement released part of the gain and settle below $18.00. Silver might continue upward this week. However, we think the price will trade sideways until the release of the Fed interest-rate decision. Today Critical levels to watch: Support: $17.73, $17.50, $17.00 Resistance: $18.00, $18.50 Further bullish movement expected at crude oil prices as the price closed inside $55.80 – $57.60 range. Traders could apply ranging strategies between $55.80 – $57.60 until breakout happen. As the medium-term trend turned bullish, traders might want to look for long positions more than short positions. Today critical level to watch: Support: $55.80, $54.50, $52.40 Resistance: $57.60, $59.50, $60.00 SOURCE : https://tradertalks-net.translate.goog/s/25989?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 28, 2021
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 28, 2021
Gold prices were under pressure yesterday and pushed down near the $1,780 support level. The price bounced and closed the day above daily SMA 200. There is a bullish continuation today which surpasses $1,800 but it seems the price is back under pressure currently. We might see the price continue its consolidation between $1,780 – $1,800 and will wait for a close outside of the range for now. Today critical levels to watch: Support: $1,800, $1,780, $1,700, $1,680 Resistance: $1,850 The bearish pressure on silver prices stopped near the top of the yellow box area. No breakout and the price managed to hold the position above it. If the price could bounce from the level then continuation toward the $25.00 – $26.00 area will happen. Traders could use the yellow box area as a place to add long positions. Today Critical levels to watch: Support: $23.00, $21.35, $20.00 Resistance: $23.90, $25.00, $26.00 Crude oil printed a significant bearish close yesterday and there is a bearish continuation below it today. However, the bearish pressure seems to recede and the price currently trading back near $82.72 and above the opening level. We might see the price continue to stick near $82.72 and attempt to continue its bullish trend above $85.00. Today critical level to watch: Support: $82.72, $77.13 Resistance: $85.00, $90.00 SOURCE : https://tradertalks-net.translate.goog/s/25988?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 29, 2018
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 29, 2018
The optimism built by gold in recent weeks seems to recede and it might be the time for correction. Gold rejected from $1,240 and stumble below $1,230 at the start of the week. If the precious metal continues lower then it will test the red trendline, and support level $1,220. Traders could use the moment to look for a long position with a tight stop. Today critical level to watch: Support: $1,220, $1,210, $1,200 Resistance: $1,234, $1,240, $1,250 Silver comfortably traded inside the triangle pattern on its daily chart. The precious metal range also tightens each day which showing less volatility. A breakout is imminent but it is not a good time to place any position as volatility dies out. Wait until breakout happens and ride silver in the direction of the breakout. Today critical level to watch: Support: $14.40, $14.00 Resistance: $15.00, $15.60 In the previous week, the bear punched crude oil in the eyes and the price slide hard below the red trendline to reach $65.78 support. After the slide, the bear goes silent and let the bull drove the price higher. Crude oil traded near $67.09 – $67.91 and continue hovering inside the range. We think the bear has more advantage than the bull and crude oil could slide further toward $65.00. Today critical level to watch: Support: $67.00, $66.00, $65.78, $65.00, $64.44 Resistance:  $67.91, $70.00, $71.39, $74.04 SOURCE : https://tradertalks-net.translate.goog/s/25986?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 29, 2019
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 29, 2019
Gold hesitate to continue its bullish movement as Fed interest-rate decision loom. The precious metal pulled back below $1,500 and closed inside $1,480 – $1,500 range. It also closed below the top of the channel which means it might continue the bearish trend. At the current time, traders will wait for the interest-rate announcement by the Fed and the market reaction after the announcement. Today critical levels to watch: Support: $1,500, $1,480, $1,450, $1,430 Resistance: $1,550 The upward movement of silver stopped and the price retraced lower. At the current time, silver is testing the $17.73 support level. It might trade near the level until the Fed interest-rate announcement. We expect a bounce from the support level and continuation toward $18.50. However, a rate-cut is undesirable for the bullish trend in Silver and traders might be open to bearish scenarios toward $52.40 and lower. Today Critical levels to watch: Support: $17.73, $17.50, $17.00 Resistance: $18.00, $18.50 The retracement toward $54.50 finally happens and complete the retracement scenario. Traders could look for long positions between $54.50 – $55.80 with a stop below $54.50. If crude oil could not lift above $55.80 by the end of week then we might expect further bearish pressure toward $52.40. Today critical level to watch: Support: $54.50, $52.40 Resistance: $55.80, $57.60, $59.50, $60.00 SOURCE : https://tradertalks-net.translate.goog/s/25985?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 29, 2021
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis | October 29, 2021
Gold prices fall from the $1,800 resistance level to trade below $1,780 on the last day of October. If the price close below $1,780 then it might start a new bearish leg targeting $1,680 – $1,700 support level. Traders will wait for the closing level at the end of the week to get confirmation. A short position from the current level before the Fed FOMC meeting which will happen soon might be an option, traders could take. Today critical levels to watch: Support: $1,800, $1,780, $1,700, $1,680 Resistance: $1,850 Silver prices come under pressure again as the price trading back inside the yellow box area. We might see the price continue its bearish pressure and target the bottom of the yellow box area. Traders will monitor the closing level at the end of the week. A close inside the box area could mean a consolidation. Meanwhile, a close above the yellow box area is bullish confirmation. Today Critical levels to watch: Support: $23.00, $21.35, $20.00 Resistance: $23.90, $25.00, $26.00 There is no major movement away from the $82.72 level yet. Crude oil prices continue making closing level near the level and might continue trading sideway. If the price trade lowers then traders could use $77.13 as a level to add more long positions. On the upside, $85.00 is the level the price need to break to continue the bullish trend. Today critical level to watch: Support: $82.72, $77.13 Resistance: $85.00, $90.00 SOURCE : https://tradertalks-net.translate.goog/s/25984?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 30, 2017
Dec 31 2023
Gravestone Doji Strategies - Daily Oil, Gold, Silver Technical Analysis October 30, 2017
The gold prices crossed below daily SMA 200 and $1,280 support level in the previous week. The precious metal is in a defensive position and showing no indication of stopping yet. However, interestingly, there is no lower low printed on the chart. The price stays above previous swing low $1,260 where the bear needs to print lower low for gold to continue lower. The battle has not finished yet between the bear and the bull, and it is possible the bull could overturn current trend by moving above $1,300. Nearest resistance is $1,280 and will become the litmus paper. Today critical level to watch: Support: $1,258, $1,250 Resistance: $1,280, $1,300, $1,313.22, $1337, $1,390 Silver outlook shift to neutral after the precious metal closed inside its triangle pattern. The bull kept holding on from the bear attack and convinced it must not lose the triangle and $16.50 support level. There is no conclusion yet on where silver will move. Next, traders could continue observation on price movement inside the triangle. Today critical level to watch: Support: $16.50, $16.00 Resistance: $16.80, $17.00, $17.20, $17.50, $17.73 Crude oil closed above $52.40 and trigger further buying toward $54.50. It is testing 2016 high and current 2017 highs printed between January-February. Will crude oil break above $55.23 and put an end to the bearish trend? This week crude oil might move sideways below $55.23 resistance waiting for a trigger to break upside. Overall, the trend is bullish as Saudi vow to prolong the production cap until the end of next year. Today critical level to watch: Support: $52.40, $51.20, $51.00, $50.00 Resistance: $54.50, $55.23 SOURCE : https://tradertalks-net.translate.goog/s/25983?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp