The DXY index experienced a noticeable fall after the announcement of the CPI index. Currently, the DXY indicator is moving in the 🟢support zone($ 101.3-$ 100.82)🟢 and near the lower line of the descending channel. The Regular Divergence(RD+) between the price and the MACD indicator is clearly visible in the ⏰4-hour time frame⏰.👇 According to the theory...
Gold is completing the corrective Zigzag pattern that microwave B has a Contracting Triangle structure. I expect gold to go higher after breaking the upper line of the Contracting Triangle to go up to the target I specified on the chart. ⚠️I tried to put two BUY positions for you with two different RRs (according to your risk strength), but be sure to enter...
Short Term Elliott Wave view suggests Gold ended wave 1 rally at 2081.82. Pullback in wave 2 is in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 2030.21 and rally in wave (b) ended at 2059.56. Wave (c) lower ended at 1999.30 which completed wave ((w)). Wave (c) ended at the 100% – 123.6% Fibonacci extension of wave (a). We...
Gold was able to form Two Ascending Broadening Wedge patterns in the 15-minute time frame. Gold will fall to at least the 🟢 support zone($ 2015.5-$ 2011.420) 🟢 after breaking the lower lines of the Ascending Broadening Wedge patterns. Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you...
Gold is forming an Ascending Broadening Wedge Pattern after breaking the support zone by the breakout candle🔨. Gold is running near the resistance zone. I expect Gold to go down to the 🟢support zone🟢 and will probably decrease more. Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want...
Nice long tail on the weekly chart, after a lower low. Technical indicators MACD and VolDiv appear bearish but this is suspiciously like a hidden dragon. Taken altogether, the first resistance is 76, and once close above 80 is firmed bullish. The lower low suggests more downside, but the length of that tail is telling a very bullish story for the next couple of...
The DXY index has been moving in the descending channel for more than 1 month.📆 DXY seems to have formed the Double Three Correction structure(WXY) in the middle of the descending channel during the last two weeks. I expect the end of wave Y to finish near the middle line of the descending channel and the🟢 support zone($ 101.3-$ 100.82) 🟢, and again DXY will...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for XAUUSD. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Silver (XAGUSD) ended cycle from 3.10.2023 with wave 1 at 26.08 as the 45 minutes chart below shows. The metal is now correcting cycle from 3.10.2023 low in wave 2. Internal subdivision of wave 2 is unfolding as a double three Elliott Wave structure. Down from wave 1, wave a ended at 24.78 and wave b rally ended at 25.31. Wave c lower ended at 24.62 which...
This is my bias on how I believe the gold market will reach its mid-term target of 1702 over the next few weeks, leading into Q4 of 2022. So far, we’ve seen 3 sub-waves of the final bearish wave (Wave 5) & I believe we have 2 more sub-waves left in order to complete the bearish trend, which you can see detailed on the chart above. Make sure to follow the details...
26th April DXY downside to 101.20 NZDUSD: sell 0.6165 SL 30 TP 40 AUDUSD: sell below 0.6615 SL 25 TP 45 USDJPY: watch for reaction at 133 support, sell down to 132.15 if support broken GBPUSD: sell below 1.2490 SL 30 TP 90 EURUSD: wait for possible reaction at 1.1075 USDCHF: choppy, could climb to 0.8954 USDCAD: buy 1.3660 SL 30 TP 70 GBPJPY:...
Mapping for wheat! Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for...
The WTI Crude Oil is on the 1day MA100, a level that was formerly a Resistance since deep into 2022. This is the first time it is being tested as a Support in such a long time. Holding it will retest the 1day MA200. If it breaks along with the 1day MA50, target the Rising Support at 70.00. Previous chart: Follow us, like the idea and leave a comment below!!
Gold was able to break the 🟢 support zone($ 1990.6- $ 1961.7) 🟢 by a red long-body candle and huge volume( Breakout Candle 🔨). If we look at the gold chart in the 15-minute time frame from the theory of Elliott waves, we will find that wave 4 returning to the support zone plays the role of a pullback(💋Last Kiss💋). Another sign that we can confirm the end of wave...
Gold seems to be playing 🪀yo-yo🪀, and this time it is its turn to go down. Gold is running near the resistance line and 🔴resistance zone($ 2015- $ 2012)🔴. If we look at Gold from the theory of Elliott waves , we can understand that Gold finished the last Zigzag wave (C) near the 🔴resistance zone($ 2015- $ 2012)🔴. I expect gold to at least fall to the 🟢support...
As I expected in the previous post, Gold executed the Expanding Ending Diagonal pattern well and managed to break the lower line of this pattern and the uptrend line. Gold has now completed a pullback to lines with wave 4. I expect wave 5 to end at the 🟢support zone($ 1990.6- $ 1961.7)🟢 or support line. Gold Analyze ( XAUUSD ), 30-minute Time frame ⏰. Do not...
Gold was able to make expanding ending diagonal. When the 🟢support zone($ 2034.12-$ 2029.68)🟢 is broken by Gold, we can confirm the pattern and wait for Gold to fall to the 🟢next support zone($ 2003.6-$ 1999.2) 🟢. Gold Analyze ( XAUUSD ), 30-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please...
We've seen a 5 wave completion on Gold, marking the end of this current uptrend. This will now be followed by a 3 wave corrective structure (A,B,C). This correction should push Gold prices towards mid 1900's, where you could possibly look at new buy positions if market structure offers the opportunity. The next zones followed by that would be 1840 & 1760📉