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The Oil market is experiencing a downward momentum, with prices dropping nearly 10% over the past two weeks. The Death Cross signals that sellers are in control, and a strong downward trend is underway. A brief pullback from $72.40 to $74 occurred as early sellers took profits, but it was short-lived, testing the 23% Fibonacci retracement. Additionally, the broader market shows increasing demand for risky assets like stocks, suggesting speculators are moving from Oil to equities. As a result, a sell trade with a $4 target below the current price is preferred.

According to TIME CYCLES, this is a new dawn, and a New Spiritual Season. BUT IS THIS YOUR NEW DAWN??? Sign up for BLADE and find out.

On Friday, XAUUSD reached a high of 2786, nearing its previous all-time high. The price is currently in a corrective phase, presenting a potential buying opportunity. Key support is around 2740, where a reversal could signal bullish continuation. A break above 2760 would confirm the end of the correction and suggest a new all-time high. However, a daily close below 2740 would weaken the bullish outlook, warranting caution. THIS IS NOT TRADING ADVICE. Join the community follow link in bio and get BLADE.

Data-driven insights, advanced analytical tools, and systematic signals designed to enhance performance without compromising trading principles. This is a golden resource.