Daily Market Update: GOLD & CRUDE OIL – Feb 27th, 2025

NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.

GOLD – XAUUSD: Buying On Retracement Lower To Within The Range Of Bullish Pin Bar Signal

Comments: Price formed an Inside Bar Pattern overnight on the daily chart time frame (We are not considering trading this pattern).

Price formed a Bullish Long-Tailed Pin Bar Signal just above the $2876 – $2888 short-term support area on 4 Hourly Chart Time Frame. 

Potential Trade Signal 1: For more aggressive traders, we are looking to buy on a retracement lower to within the range of the current Bullish Pin Bar Signal that had formed on the 4 hourly chart time frame, with stops below the low of this signal (The 4 Hourly Price Chart is annotated and is attached to this post). 

Potential Trade Signal 2: For conservative traders, we are waiting to see if the current Inside Bar Pattern turns into a Potential Bullish Fakeout Setup on the daily chart time frame

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Below is the Gold’s Daily Chart Time Frame

CRUDE OIL – WTI: Buying On Retracement Lower & After Price Action Signal At Or Above $66.76 Support Level

Comments: Price formed an Ultra-Small Bearish Tailed Bar Signal overnight (We are not considering trading this signal). 

Potential Trade Signal 1: We are looking to buy on a retracement lower and after a clear price action buy signal, at or just above the $66.76 short-term support level. 

Potential Trade Signal 2: We are looking to sell on a deeper retracement higher and after a price action sell signal, at or around the $70.95 – $71.14 short-term resistance area.

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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.