Here's the life veins of Gold on my presentation.
You can observe support and resistances , parallel channels , volatility stoploss level , and Autonomous LSTM's status.
I'll follow that chart and if i see something strong , i ' ll share my analysis with certain direction as long or short , with following the agenda and global economic news . My opinion is weekly...
I thought it appropriate to share my last thought about gold as a new idea.
RISK / REWARD RATIO = 1/2.39
POSITION SIZE : %1
STOPLOSS : 1465.51
GOAL : 1493.927
In our previous analysis, the tightness of our stoploss scissors caused us trouble.
I share my current idea with a new one.
You can see my previous analysis in related ideas.
For a month the calculation has not undergone virtually any changes (look update from October, 17 in my telegram channel). By guidelines, I expect silver a little lower in the turquoise (blue) area before starting to grow to the turquoise (blue) level. According to the rules, the growth can begin with current values. We will find out about this when the blue...
I think that gold prices may increase slightly.
This trade is my view only in the 1 hour period.
I usually don't believe in processing less than a week's time bars, but this position can be called to stay a bit in the game.
There are risks.
So the following parameters can make this trade more risk-free:
RISK / REWARD RATIO : 1/3
POSITION SIZE : % 1
though I have bought gold from 1460 and have already taken profit from the trade,
I still believe that the price may grow to the 1480 level.
Currently, the market is back again trading above the recently broken structure level!
it is a very good indicator of a false structure breakout so with quite high...
Gold found Support at 1,445 and the 1D Channel Down (RSI = 44.921, MACD = -8.910, Highs/Lows = -1.3722) priced its Lower High. Based on the previous time (September 18th) it bounced on the Lower High trend line (dashed) it increased by +3.60%. With the 4H MA200 (orange) however limiting its upside to 1,500, we are setting a 1,490 Target on this bullish leg. You...
Gold came lower recently, but it found interesting support so far at 1440/1450 area from where we may see more gains, especially if we also consider what USDCNH is doing. However, I think 1481 is very important level that has to be broken before bulls may come in play.
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This is my view on Gold for a short term pullback into 0,382 Fibonacci retracing AB at 1472.
Below how AB looks in the daily chart and where 1472 is.
Please also click & play the following chart prior of making B (above)
And this is the...
Though selling pressure is weakening right now
you should remember that technically the market is still trading below the recently broken level.
if you are on the buyers' side and expect growth, let the market return back above 1464 level and only then take action.
*please, like the idea and leave a comment, it really...
XAGUSD - Elliott Wave Technical Analysis
Structure & Degree: Primary Degree Complex Correction (W)(X)(Y) (purple), Double Three
- Intermediate (W) (purple): Zig-Zag with a 5-3-5 sequence in its Minors ABC (red)
- Intermediate (X) (purple): Double Three Complex Structure
(conflict of trending degrees, corrective upon a correction)
Minor W (turquoise):...
Metals & Crude Oil | Elliott Wave Patterns | November 2019
Market: Metals & Energy (WTI)
WTI (Crude Oil)
Metals & Crude Oil trading has been predictable during the 2nd and 3rd quarter of 2019.
I've been able to ride the bullish impulse, but also to call the tops and get ready for the corrective phases.
Green area consists of:
1) Fibonacci Golden Ratio 62%
2) Fibonacci Extension 127%
3) Middle number 16.500
4) Daily & Weekly EMA200 are around the marked area.
5) 2X AB=CD!
6) Channel projection
7) Let the bullish price action around the green area guides you into the trade!
16.500 is the key level, wait for a smaller timeframe candlestick patterns after the...
I was asked a lot to post some updates on gold.
Currently, I don't see any good opportunities for entry.
It looks like bears will keep pushing the market lower.
The first area of support on focus will be around 1435 level.
This area is based on the rising trendline on a weekly
+ 1.272 extensions of the previous bearish...
The gold price has started to approach a possible buy area. I'll wait for a tiny bounce because of the quite sharp movement downwards and I act after I have seen bullish price action inside the green area.
Criteria count is not so high but the price level (inside the marked area) has worked historically pretty nicely and I expect that this time is not an...
Hello Traders! Witaj!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY...