In this technical analysis I will build upon my successful previous idea where we used a head and shoulders chart pattern to identify a likely short position.
Now we are about halfway that trade, we reached a more difficult position on gold. First, you can review the previous idea...
Pattern: Channel Down on 4H.
Signal: Buy as the current bearish leg is forming a sequence similar to the September 01 - 14 leg = Death Cross, followed by a Triangle bottom. The signal is invalidated if the Channel breaks the Lower Low trend-line.
Target: The 4H MA200.
Please like, subscribe and share your ideas and charts with the community!...
During the next week, it will be interesting to watch for the Gold market.
The price broke the local uptrend line and made a downward movement. It gave us a solid bearish signal with the 1st target at 1850$. If the price breaks the local support, the 2nd goals will be 1800$ support.
If the price can stay above 180$ support, we will be able to expect a new...
Hello Fellow Trader!
Silver forming ABCDE trend continuation pattern prior to the US election with final E wave to complete.
A bearish candle reversal is critical at the distribution zone to enter silver short to fulfil final E wave drop.
- Price holding below the 200 EMA
- Price holding below the 50 EMA
- Break of trend line will support a...
In this technical analysis I will break down the major things happening to GOLD at the moment.
After hitting a recent all time high gold has been dropping ever since. First we found a very strong rejection and later a more sustainable and clear downtrend.
There are currently two main technicals that I want to emphasize for this next trade. First of all we can...
For me, Gold market looks bullish in the long run.
As for the short term, it can be bearish and even reach 1800$ support.
If you look at the 4H chart, you will see an amazing trade opportunity for shorting. If you know how to trade using breakout and reversal signal from the key zone, you would make a good profit shorting below 1900$. You know these setups,...
Gold remained in consolidation/range with week’s candle mostly mirroring the previous two with the exception of the body of the candle which didn’t match as the actual movement was less than $2. Gold managed to have a closing above $1900 again simply suggesting the tone of the market which by all means remains bullish as uncertainty is near the highest level with...
coffee is extremely bearish since September.
we saw a sharp and strong decline during the last two month.
however, just recently the price has reached a major daily support level.
chances are high that we will see at least a pullback from that.
I am waiting for a 4H candle close above 107.1 level.
it is a horizontal...
Pattern: Channel Up into Head & Shoulders on the 4H chart.
Signal: Sideways within the Right Shoulder.
Target: Range within 1895 - 1911.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
gold is stuck within an important decision zone.
the price is currently trading below a major falling trend line and key horizontal structure resistance.
at the same time, a minor rising trend line serves as the resort for buyers right now.
the range between them becomes shorter and shorter.
we need to wait...
As previously analyzed, Gold topped out and is due for a really good pull back.
It is doing it just that now... as earlier expected. See related ideas for earlier analyses that indicated today’s showing.
as it has been discussed earlier, gold has reached a strong resistance area.
we see a perfect match between a horizontal daily structure and a major falling trend line.
identified daily resistance cluster matches with a resistance line of a rising parallel channel on 4H.
on hourly time frame, the price is...
Pattern: Channel Up on 1D.
Signal: Buy on the 0.500 Fibonacci retracement level.
Target: 3.350 (just below the Resistance).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Channel Up on 4H (inner/ blue and outer/ black lines).
Signal: (A) Buy as long as the 4H MA200 is holding, (B) Sell if the 4H MA200 breaks.
Target: (A) 42.00 (just under the Higher High trend-lines of both Channels), (B) 37.50 (just above the Higher Low trend-line of the inner (blue) Channel Up).
Most recent Oil trade: