Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking above the $2100 resistance, XAUUSD surged by 5%. How high can Gold climb? The marked red circle represents a significant resistance and overbought zone as it marks the intersection of: 1- $2250 round number. 2- Upper red trendline from weekly. 3- Upper...
Hello TradingView Family / Fellow Traders, On Daily: Left Chart GOLD has been bullish trading within the flat channel in blue and it is currently hovering around the upper bound. On M30: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major low highlighted in gray. 📉 Meanwhile, XAUUSD would be bullish short-term and can...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Gold has been overall bearish, trading within the falling wedge pattern in blue. At present, XAUUSD is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong...
Many analysis came out last year that Gold will shoot up to 2200 since its last pump to 2150 area. But was it hyped for a reason? Or is it really the so-called demand-season? For me, Gold will forever be looking for a way up due to the following reasons: - Gold is always a good investment option: physical gold (i.e. gold bars, rings, luxury items) or traded...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Gold has been overall bullish, trading within the rising broadening wedge in blue. At present, Gold is undergoing a correction phase and it is currently approaching the lower blue trendline acting as a non-horizontal support. Moreover , it is retesting a strong support...
Technical Analysis and Outlook: During this week's trading session, Bitcoin has been experiencing a very tight trading range. Its progress has been obstructed by our Mean Res 43200, which has been causing a significant block jam. However, the market is anticipating a strong push through the Inner Coin Rally 44200, propelling the prices towards Mean Res 47000....
Being one of those instances were a few micro level invalidations reverberates throughout both short-term and long-term analysis, I've adjusted my Gold ( OANDA:XAUUSD ) wavemap a bit. On my last shared idea, I was under the impression that Gold would make a big stretch upwards through the middle range of the $2000s before meeting its next considerable resistance...
After last week's joint military actions by the USA and UK against Houthi Rebels in the Red Sea, markets are exercising heightened caution amidst the potential for new conflicts to emerge. In such uncertain scenarios, safe-haven currencies like the Swiss Franc stand to benefit. Another pivotal factor supporting this notion is the recent elections in Taiwan, where...
Hello TradingView Family / Fellow Traders, 📌 Weekly: Left Chart From a long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary. As long as the 2100.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes. 📌 H1 : Right...
I multiplied the less risky Dow and Spy while dividing it with a multiple of bio, the Russel and Ark. This shows a clear shooting star candle in development this month which should signal much greater future gains in higher risk stocks and an end to this pullback in the market. You can see that we had nice rallies the last two times that this has happened on...
Given the uncertainty in the equity markets, the big unknown in terms of the Hamas/Israel ceasefire along with upcoming recession, and the weakness in growth names this week, perhaps gold deserves a second look as a hedge against further downside for economy. what do you think ? let me know about your thoughts on this shiny metal. Not a financial advice I...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 Monthly: Left Chart From a macro perspective, Gold has been generally bullish, trading within the rising brown channel. For the bulls to maintain control, a break above the 2075.0 level is essential. In this scenario, a continuation toward the upper boundary of the brown...
FX:USDJPY JPY flight to safety currency / safe haven status in play now after the recent geopolitics conflict. Will the strength reverse now in favor of JPY. Let's see. Weekly shift registered. Spotted at 148.90 TAYOR. Safeguard funds always.
Hey Bitcoin Traders! 🤟 BTC is at a crucial point, and it's time to make some moves. 📈 🔥 Pivotal Level: We're hovering around 31K. This is the resistance cluster to watch. If we break it, 45K could be next. 🌈 📉 Support Zones: Keep an eye on 29,000 and just below 30,000. These are our safety nets. 🛡️ 📈 Why Bitcoin?: Forget Gold, the old-school landline phone....
Hey Gold Traders! 🌟 Gold is at a pivotal point, but let's not forget there's a new kid on the block—Bitcoin. 🗺️ 📈 Chart Analysis: Gold is hovering around a resistance level of 2001. It's decision time, folks. ⚖️ 📉 Short Targets: If Gold can't break 2001, I'm eyeing short positions with targets at 1938 and 1881. 🎯 📈 Long Scenario: Should it soar past 2001, I'll...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart After rejecting the 1800.0 support, Gold has been bullish especially after breaking above 1900.0. Currently, XAUUSD is sitting around a strong resistance in green. For the bulls to remain in control, we need a break above 1960.0. 📈 In this case, a...
Gold is currently trading around 494.92 RMB per gram in China as of July 25, 2023. Based on the technical analysis on XAUCNY showing we are currently in wave 5, subwave 4 of an upward trend, the prediction is that by January 2025, the price for 1 ounce of gold will reach 16575 RMB. Given that 1 ounce equals 28.3495 grams, a price of 16575 RMB per ounce implies...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last picture and video analysis (attached on the chart), we have been looking for buy setups around the lower bound of the channel. This week, XAUUSD rejected the lower blue trendline and round number 1800, and traded higher. However, it is currently approaching...