XAUUSD is at the start of a new long term bullish wave as per the MACD (1d). At the same time this suggests that a short term pull back is possible with the MA50 (1d) a standard Support level during uptrends. Trading Plan: 1. Sell on the current market price. Targets: 1. 1880 (over the MA5 1d and rough -3.40% as per November. Tips: 1. The MA100 (1d) provided...
Silver made strong and impulsive rally since September 2022 till February 2023. A sharp drop in February from 24.50 and break below 22.50 supports suggests that metal is in a higher degree correction. That’s quite strong decline, but due to a five-wave rally earlier, we still see it as part of a complex sharp W-X-Y correction with the support here in the 61,8% -...
WTI Crude Oil hit Support Zone (1) and is rebounding. The pattern has been extremely steady since November and Support Zone (1) has delivered 5 rallies of at least +9.50% each. Trading Plan: 1. Buy on the current market price. 2. Buy near Support (2). Targets: 1. 80.00 (near Resistance Zone 1). 2. 77.50 (mid level structure). Tips: 1. The RSI (4h) is on a...
Been a while since crude futures were reviewed, and since the last post, crude categorically dropped... but it maintained a decent range between 70-80/82. The thing about crude now is that it appears to be coiling and is starting to show signs of a break out. Here is how I see it... the candlestick pattern (especially in the Daily chart, not shown here) is...
OANDA:XAGUSD Paper trading things like silver and gold are a total joke. You who trade paper shares are trading in mostly fake, extremely diluted, worthless shares. Your paper certificate is diluted somewhere on a ratio of 900 paper shares to every actual physical once of silver. Soon enough, actual silver will decouple itself from these made up paper shares....
If we break the neckline, price may test the weekly pivot point 1440. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this...
Strong 1D candle for Gold today, still some way off the 1day MA50. The rebound was achieved on the 1day MA100. There are strong similarities between February-March and August-October as you see. The rising RSI validates that the pattern is on the Double Bottom pricing. One last drop for a Triple Bottom is possible. Perfect time to buy and Target Fibonacci 0.786...
Gold is approaching the PRZ(Price Reversal Zone) and TRZ(Time Reversal Zone). I expect the rise in Gold prices to be temporary and Gold will again drop to the 🟢support zone($1811.2-.$1804.6)🟢. Gold Analyze ( XAUUSD ), 30-min Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart GOLD is retesting a support zone and round number 1800. So we will be looking for buy setups on lower timeframes. on H1: Right Chart For the bulls to take over, we need a momentum candle close above the last major high in red. Meanwhile, until the buy...
9th March DXY range between 105.35 and 105.90 NZDUSD: Counter trend up, 0.6140, SL 30, TP 60 AUDUSD: Counter trend up, 0.6640, SL 30, TP 60 (Choose between either nzd or aud) USDJPY: possibly wait for tmr break 61.8% below 136.40, SL 60 TP 100 GBPUSD: Sell on break of 1.1850 (1.1835) SL: 30 TP 60 EURUSD: buy 1.0565 SL 40pips, TP 70pips USDCHF: could go down,...
Gold hit the 3 month HL trend line today, turning the 1D time frame red technically (RSI = 38.134, MACD = -12.150, ADX = 37.931) and coming the closest to the 1D MA100 since November 10th 2022. Holding those two is a major buy entry (TP = 1,856) all the way to R1 but breaking below them and S1, will make us close and open shorts aiming at the 1D MA200 (TP =...
XAUUSD after its biggest daily drop in recent months, it reached the Support Zone of February. The MA50 (1D) has entered this Support Zone and can support as it is intact since November 10th 2022. Legitimate short term buy opportunity. Trading Plan: 1. Buy on the current market price. 2. Buy if the price breaks over Fibonacci 0.382 and retests the...
hello guys... in my opinion, every chance you get you can get a short position on xauusd. now a knife-down pattern happen and I believe a retrace is going to occur after that on the green area it a chance you get a confirmation for the sort position. set an alarm, my friend always do your research. If you have any questions, you can write them in the comments...
Overnight, Gold retraced from the price area of 1858.50 to retest the 1846.80 key support level. Although the price broke below the upward trendline, it would still be too early to consider the possibilities of a deeper retracement to the downside, since the support level held prices up. As the current price action develops to indicate a potential rejection of...
Gold reached a harmonic Resistance, previously being a Support. During the uptrend such levels when tested as Supports and held, extended the uptrend. If we are on a new downtrend, this level has to hold. Trading Plan: 1. Sell as long as the price is below the harmonic Resistance (white line). 2. Buy is it crosses above the MA50 (1D). Targets: 1. 1960...
WTI Crude Oil reached Resistance Zone (1). Breaking above the Declining Resistance resembles late January. Limited upside to Resistance Zone (2) based on the past 4 months. Trading Plan: 1. Sell on the current market price. Targets: 1. 74.00 (over Support Zone 1). Tips: 1. The MACD is also inside its 3 month Resistance Zone. The next Bear Cross will confirm the...
Gold has been trading higher since the end of February and the start of March, with the price climbing from the 1804 price area up to the current level of 1854. This upward move was predominantly due to the weakness (wide consolidation) of the DXY and also due to the market anticipation for further interest rate hikes to come from the US. Further interest rate...
On our last Gold analysis, we said that Gold would be heading higher towards 1854 & it finally did on Friday. However, due to how bullish the weekly candle closed, it is likely that prices will head higher towards 1869-1880. This will be a good entry zone, to short market back towards 1760-1730📉 This will be the FINAL leg down, before we invest heavily into Gold...