Silver - Another Textbook Trade For 2025!Silver ( TVC:SILVER ) is again approaching strong support:
Click chart above to see the detailed analysis👆🏻
Silver has now been consolidating for more than 6 months and is slowly but steadily approaching the previous horizontal support. Another retest would perfectly match with the overall bullish trend, the rising channel formation, as well as the fact that Silver will soon catch up with Gold.
Levels to watch: $27.0, $34.0
Keep your long term vision,
Philip (BasicTrading)
Metal
Gold - TRIO RETEST!Dear TradingView community and fellow traders,
I find the daily chart for Gold to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST
Here is why the blue circle is a strong zone to keep an eye on:
1️⃣ => Overall Trend
Gold has been bullish long-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support.
2️⃣ => Round Number
The $2,500 marked in green is a strong round number.
3️⃣ => Oversold Zone
Gold is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone.
As per my trading style:
As Gold approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
Silver May Face More Weakness After A Corrective RallySilver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure into wave A/1.
But we see some bounce now that can be an A-B-C irregular/expanded flat correction into wave B/2, where subwave (C) can be now in progress. Resistance is then around 31.60-33 area, and from where we will have to be aware of further weakness within wave C or 3.
Silver - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XAGUSD has been overall bullish, trading within the rising channel.
Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong support and round number $30.
🏹 Thus, the highlighted gray circle is a strong area to look for trend-following buy setups as it is the intersection of the $30 round number and lower gray trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SILVER approaches the gray circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold isn't ready to buy yetI've been trading gold for many years and I can say that I have a pretty good handle gold's behaviors.
While I think many think now might be the right time to buy gold as it is "really low" at least by comparison, I don't think so.
Gold Buys slowly and overtime, big bull spikes while they do occur they typically aren't the catalyst for the actual bull push. You'd typically find bearish spikes as these are the fake move.
What I mean by this is I think gold may continue to sell until it starts to slowly create higher highs and higher lows only to break out slowly after that.
The fact that gold is so bearish currently, it is likely to go up to get rid of these sellers within this orange zone (which I have re-analyzed) to the level I've highlighted (black line) and then drop.
But why am I choosing this line in particular, well I've studied gold for such a long time - I've noticed that it actually likes to play between obvious levels rather than go directly to them.
These are just my thoughts and I wouldn't act on them (for sells) until it actually decides to start going bearish. So even if I am wrong about this, who cares lol
Follow the Gold...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Gold has been overall bullish, trading within the rising channel in orange.
Currently, Gold is in a correction phase, so the lower bound of the channel would act as support.
Moreover, the blue zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline.
📚 As per my trading style:
As #XAUUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold projection for a serious correction!Precious metals have been on a serious run, but it's time for a cool off heading into winter.
I called this massive run over 2 and a half years ago on silver (linked to the post).
But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals.
Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see.
Let me know what you think and how you're approaching the precious metals.
Palladium is the new Gold... Thank me later!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌What is Palladium used for?
Palladium is used in catalytic converters for automobiles, in fuel cells to generate power, in jewelry, dental fillings, and electronic components. Catalytic converters convert the toxic gases from automobiles into less harmful substances.
📌How Rare is Palladium?
Palladium is one of the rarest metals on earth and even more scarce than platinum – 15 times more rare to be precise. If all the platinum in the world fits in your house, then every ounce of palladium can easily squeeze inside your living room.
📌Technical Analysis:
This week, Palladium rejected the $1000 round number and support zone and broke the Daily structure marked in red.
As long as the bulls hold, I expect a bullish continuation towards the $1700.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - History Repeating Itself...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📔I find the Gold 4H chart interesting.
Do you see a pattern here?
Look at the first two purple projections.
Gold broke below a low (marked in red), which signaled the start of a correction.
The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase.
Currently, Gold seems to be pausing, which might indicate the start of another correction phase.
🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,625, followed by a break back above it.
This projection could lead to the upper bound of the blue channel, around $2,800.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Posibilities in the gold market.Posibilities. Market still in a uptrend. Looking for bearish wave after break support channel. Notice the market did not form HH(Higher high). Wich may indicate weakness in the bullmarket. A break above the resitance trend might send gold higher again. If it can stay below posible goLd will fall towards 2625 bearish target.
Waiting for priceaction atm.
Resistance: 2668, 2685(ATH)
Support: 2653, 2640, 2631
Gold will Shine again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈After breaking above the $2,500 mark, Gold has been bullish trading within the rising red channel.
Currently, Gold is in a correction phase.
Moreover, the $2,475 - $2,500 is a strong support zone.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as non-horizontal support.
📚 As per my trading style:
As #Gold approaches the red circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold moving up to Take Daily Highs!Looking for Impulse Up.
Gold movign to daily top to get those Stops!. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Gold Is Coming Out Of An Elliott Wave TriangleOn a higher degree time frame, we see gold coming higher into a fifth wave, but it may take some time before it finds the top, as we see an unfinished lower degree impulse.
Gold remains in strong and impulsive five-wave bullish cycle on a daily chart and there's space for more upside, we will just have to be aware of a higher degree wave IV correction still this year, possibly in Q4. Why? Because we see a move out of a triangle here in fifth wave of III, so we know thats the final trust within higher degree extensions, meaning there can be limited upside in weeks ahead, ideally around 2600-2700 area.
More decline for gold? Or temporarily pullback?Gold has been climbing up for the last weeks. Take notice for the trend support. Very important for gold. If this zones keep respecting we will keep seeing gold push up. Al confirmed breaks above 2510 will send gold back to ATH for a retest. Confirmed break below the support trend unlocks the bearish target of 2460.
Resistance: 2497, 2507, 2519, 2530
Support: 2487, 2477, 2469, 245
COPPER - Following Gold?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 COPPER has been overall bullish, trading inside the rising wedge pattern in blue.
At present, COPPER is undergoing a correction phase and it is hovering around the lower bound of the wedge.
Moreover, it is retesting a massive support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #COPPER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD → be aware doesn't trick us!hello guys!
the price is hunted the last area is around $2337,
this seems like a hunt, not like an engulfing!
current state:
1- it formed a QM pattern and touched the target of the pattern!
2- the Qm pattern looks like H&S too!
3- at the upper time frame the main trend still is bearish and the descending channel has not broken yet!
forecast:
1- the price will touch the upper line.
2- afterward, it will start the downward movement.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Gold Keeps Consolidating Within A Higher Degree CorrectionGold has turned lower in the last two months, which has been expected as we saw market in fifth wave of an extended wave 3 after breaking to new ATH. Well, what we see now is a corrective pause which can come to an end in the near future, but possibly at lower support levels as the current price action here above 2300 can be a triangle in the middle of a three wave downward correction. We see nice support at 2222-2250 area. But, don't miss the alternate count, where wave 4 can be even a running triangle if price turns up now and breaks 2370 level. Bullish confirmation is above 2390 region.
Will gold go for a bit of a larger correction?Looking at the technical picture of EASYMARKETS:XAUUSD , it seems that we might see some action to the downside. That said, before getting comfortable with that idea, some breakouts are still needed. For now we wait for the TVC:DXY reaction from the US GDP and PCE today and tomorrow respectively.
#gold TVC:GOLD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
When you go to buy, don't show your Silver!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XAGUSD has been overall bullish, trading within the rising wedge in blue.
Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting the previous major high marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green previous high and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SILVER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich