Gold turned bearish on the 1D timeframe (RSI = 43.890, MACD = -0.091, ADX = 34.371) after the November Channel Down almost hit the 4H MA200. It hit our 1,935.50 TP nonetheless (see previous signal at the bottom), and now the short term is giving us a buy signal in the event of a break over the Channel Down. The 4H RSI holds a HL trendline which is a Bullish...
Silver has failed to close a 1D candle over the 1D MA50 for four straight sessions and as it previously did on the 1D MA200, this is a bearish signal. Its confirmation is the 1D MACD that formed a Bearish Cross and each time the market has done so since April, inside this long term Channel Down, a new Low was made. Even the 1D technical outlook just turned...
Hi Traders! Silver continues to trade in the range zone as it cannot break above the 23.765 resistance area. Price Action 📊 The current price action looks bearish. Market highs and lows have started to become lower due to numerous price rejections around the 23.765 level. The market also recently broke and closed below the 20 EMA, and there are opportunities to...
Today's focus: Gold Pattern – Breakout/resistance test Support – 1817.90 - 1918 Resistance – 1944 - 1981 Hi, and thanks for checking out today's update. Today, we are looking at the Gold on the daily chart. So price has moved rather quickly today to the upside. Earlier, I was watching the consolidation and wondering if buyers might test it. Well, they not...
We are looking at Brent oil for a potential short trade only if the following occurs: 1.Wait for Daily bottom to confirm 2.Then for top to confirm before taking shorts till Weekly Confirmation Bar low is taken out at 83.46 **We will only be considering this short trade for a very small period as Weekly is in Uptrend** We will be tracking this move and updating...
Gold continues to flash bearish signals and besides the weekly (RSI = 34.620), it is about to turn technically bearish on the monthly timeframe as well (RSI = 48.938, MACD = 40.760, ADX = 33.051). On an even larger scale (3M), we have detected the latest sell indication, as the MACD formed a Bearish Cross. With the price inside a giant Megaphonoe pattern where...
Short 2.930 Target 1: 2.860 Target 2: <2.78 Stop: 2.978 Elliotwave: Starting Wave 3 of (3)
In this live trading session video,we look at our live running position on gold and the closed trade on EURUSD. Both these trades were take live on the RTCT webinar and still running. They are based on the Smart money framework,cycle methodolgy and volume principles. To understand our ideas and videos better,we highly recommend watching our following stream...
Introduction: The oil market is heating up, and there's an exciting opportunity knocking at our doors. Brace yourselves as we delve into the recent surge in US oil prices, which have approached the $90 mark due to a scare in supply and cooling demand. In this article, we will explore the factors driving this upward trajectory and present a compelling...
ES made some considerable moves to the downside this week. Now it is time to partially rebalance those scales. My expectations for the first few days of this week: Monday-Tuesday- Upwards retracement with price being pulled upwards by 4553. Once there I will look for area rejection signs for our next leg down to the 4483.25 target.
WTI Crude Oil hit the HL trendline inside the 1H Channel Up pattern, which was enough to turn the 1H technical outlook bearish (RSI = 37.852, MACD = 0.140, ADX = 31.002). A 1H RSI that low has previously been a buy entry two days ago. The lowest it has been during this Channel Up was 35.400. In response to the above, we deem the HL hold good enough to make a...
We have entered Gold on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily. According to...
We had a great clean move on silver past our 50% OE target. It has now hit our trailing stop. Trade order summary position: Silver(Short) Trail stopped out at 2320. Net P/L: 1.51% Profit @1% =$1000, 1.51% = $1510 Do refer to our previous chart image where we took the trade last week. To understand our ideas and videos better,we highly recommend watching our...
Short term chart mapping/analysis of CAPITALCOM:OIL_CRUDE for developing Intraday Trade strategies. NYMEX:CL1! NYMEX:CL2! TVC:USOIL TVC:UKOIL
Med-Long term chart mapping/analysis of CAPITALCOM:OIL_CRUDE for developing Swing Trade strategies. NYMEX:CL1! NYMEX:CL2! TVC:USOIL TVC:UKOIL
Today's focus: Palladium Pattern – Descending triangle / Range Support – 1223 Resistance – 1320 • Palladium added 4.37% on Thursday • Palladium and Platinum ignored USD strength to finish firm on Thursday. Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also...
Silver has been trading inside of a falling wedge since April 2022, battered by an increasingly-hawkish fed. Despite a formidable collapse in the biggest inflation driver, oil, CPI and PPI reports are shaping up to be a continuation of the trend; worsening inflation. With any weakness in oil likely to be temporary given our macro environment, it's easy to...
WTI Crude Oil turned overbought on the 1D time-frame (RSI = 70.618, MACD = 2.330, ADX = 75.260) as it is extending its relentless rally inside a Channel Up pattern since the June 28th low. This 1 month uptrend is approaching the R1 (83.50), which is the High of April 12th and current Resistance. We are using this as a short-term buy opportunity (TP1 = 83.50). As...