Gold - We Want our Safe Haven Back ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XAUUSD has been overall bearish trading inside the falling channel in blue, and it is currently approaching the lower bound of the channel.
Moreover, the zone 1800.0 is a strong support, demand and round number.
🏹 So the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As XAUUSD approaches the lower 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
Metal
SILVER, Confirmed H&S-Formation, Looking For Targets To Reach!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at SILVER 1-hour timeframe perspective, where I detected some worthwhile signs recently important for the confirmation and next steps in the structure to be expected. As mentioned already SILVER will increase bearishness as it established sudden breakdowns where usually more downside follows up within this case I found the important levels and scenario we should consider now.
Looking at my chart you can watch there that SILVER just broke below the neckline of its huge head and shoulder top formation and pulled back to move on with bearishness, this is just a really good confirmational setup with a very high possibility to continue. Furthermore, you can see that SILVER has the 100-EMA as resistance above and it shows up like SILVER is building a smaller head and shoulder formation here again where the neckline is marked in grey, these factors adding to the bearish environment which will continue further after a bounce of the 100-EMA and pull-back below the neckline of the smaller head and shoulder formation. This head and shoulder confirmation just activated the downside targets SILVER will now reach, these are marked in my chart at the 24.7 level in black where also the 800-EMA in red lies, when SILVER has reached these downside targets it has to be elevated if more downside is ahead or stabilization in this level can occur.
This setup is actually confirming the established bearishness SILVER has also on the higher timeframe perspectives where bigger pull-back scenarios aren't fully out of sight now, these factors making a bearish continuation overall more possible and new highs aren't highly possible to be reached within the smaller to middle timeframe schedules.
In this manner, thank you for watching, support for more market insight, all the best!
"If you have the conditions, you get the results."
Information provided is only educational and should not be used to take action in the markets.
PLATINUM, Moving In Solid Trend, Potential To Continue Further! Hello, Traders Investors And Community, welcome to this analysis about the current structure and price-action we have in platinum, there are some interesting and significant signs which I determined and which will affect the price-action further. Platinum is still moving in a steady uptrend since we had the bear-trap and bottom building at 560 we saw some good volatility and percentual price-jumps. Let's have a look at the locally 4-hour timeframe and see how we can continue with platinum.
When looking at my chart you can see that platinum currently trades at the important resistance at 855 which you can see marked in my chart with the grey level, this is a resistance-level which platinum has to build in the past price-swings and is actually a strong resistance which shouldn't be ignored therefore we can expect minimum a pull-back to lower levels here and providing excellent correction for new entry-points.
In considering the pull-back we can expect the meaningful support-level between 780 and 800 to hold not only do we have there a strong past resistance level which is now support but also it is supported by the 100 DEMA and 200 DEMA which building together with the support a logical and coherent confluence-cluster here which will highly likely be respected as such and provide a decent bounce when touched in that level.
Overall we can say that platinum is in still in a strong uptrend level here which did not already confirm to the downside or shows any serious reversal signs which will shift the overall price-structure to the downside, the correction awaited is completely natural and will highly likely show that the price continues to the upside and reach the target which you can see in my chart. Remember that we need to confirm the support with a clear break of the current resistance level this will initiate the strengthening of further growth.
Thanks for watching everybody, support for more market insight, and have a good day! ;)
Science is organized knowledge. Wisdom is organized life.
In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.
Mtl Looking Bullish Mtl Looking Attractive Here For Midterm At least
Currently Testing 2 years + Trendline And Expecting Breakout Soon Incase Of Successful Breakout Expecting Massive recovery
and incase Of Successful Breakout Expecting 260 to 280% bullish Rally Keep Eyes On Mtl For confirmed Breakout
GOLD - Is History Repeating Itself ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting the 2080 resistance, GOLD has been overall bearish trading inside the falling channel in red and it is currently retesting the upper bound / trendline.
Moreover, the zone 1980 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper blue trendline acting as a non-horizontal resistance.
As per my trading style:
As GOLD approaches the "3" zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
For the bulls to kick in and invalidate the bearish scenario, we need a break above the blue resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Copper: A bit lower 🪜The copper price is back in our blue target zone and dedicates itself to extending the low of its blue wave (c). After this fall, we expect significant rises in the context of the magenta wave (y) above the resistance at $4.19. In the short term, speculative opportunities are thus given here on the long side with the active blue target zone. Subsequently, however, new downward movements to our green target zone will be interesting for long-term investors.
GOLD - One More Correction ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we were waiting for GOLD to approach the 1935 support to look for buy setups.
🏹 The 1935 is a strong rejection zone because it is the intersection of the blue support and lower red trendline.
📈 For the bulls to take over and start the bullish correction, we need a break above the last major high in gray.
In this case, a movement till the upper red trendline would be expected.
Meanwhile , until the buy is activated, GOLD would be overall bearish and can still trade lower and even break the blue support downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Strong Support Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GOLD has been overall bearish trading inside the falling broadening wedge in red, and it is currently approaching the lower trendline.
Moreover, the 1935 level is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline.
As per my trading style:
As GOLD is sitting around the purple 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 will buy morepreviously gold on a massive uptrend and it was manipulating on a consolidating area between 1961 and 1954..By the way according to the daily prospective gold made a huge impulse without and correction and now it is time to correction.We knwo that the any market do not continue it own trend without a correction so we may see a correction then it will continue its trend .
XAUUSD (GOLD)Hi traders,
Gold at the range between support and resistance , now testing resistance if can’t break the resistance can drop to support and break the support after breaking the support it’s work as resistance price getting test to resistance and drop again to next support zone , but if can break resistance can rise more to next resistance and will reject from here and drop to support zones , we need confirmation if opened 4H candle bellow the resistance we can entry short but if can break and open 4H candle above resistance can rise to next resistance and we entry to long .
Get to the copper! 🐻🚁The industrial metals market often goes unnoticed by many traders, although some excellent trading opportunities are often to be found here. And with that, we say, "Get to the copper!" For things should get moving here quite soon. The completion of wave (ii) in magenta should be imminent here, the copper price should therefore initiate a bearish trend reversal in our target zone (highlighted in blue) and then indulge in extended sell-offs. Thus, depositing short positions between $3.89 and 3.96 should present an excellent opportunity to profit from the lift-off of the bearish chopper - which is, of course, headed south. We anticipate a significant sell-off before wave (iii) in magenta will at some later point be completed, at which point the bulls are expected to report back.
JSW Steel ready for major breakout 🚀JSW Steel getting ready for major breakout :
Why you consider it as a Quality Trade
1. Price @ All time high
2. Time frame : weekly & monthly
3. Pattern : Pole & Flag
4. Structure : Super Bullish
5. Positional Trade for almost a year
Take Cautions before take entry 🚫 :
1. Wait for price to close above ₹792 in weekly time frame
2. Calculate your proper Risk Management
3. This my analysis not suggestion
GC Bearish flag... again!must be pirates doing all the trading.. so may flaggies.. heres another one.. hopefully those pesky pirates will drop the poley woley.. should hopefully end up where the bars pattern (pink fake bars) end 1898.98 (i know .. lots of 9's and 8's.. it is what it is trollops! :p) .. hopefully another fun trip down south..
if these pesky pirates keep travelling south theyre gonna end up in australia having sold all their gold! .. silly billies!
dont trade if youre rubbish at self control and money management.. not really a good idea.. is it?
nope.. it is most definitely not ;)
GOLD is still Strong 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Gold has been overall bullish trading inside the rising channel in red and it is currently retesting the lower red trendline.
Moreover, the orange zone is a previous major high turned into a potential support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and red brown trendline. (acting as non-horizontal support)
As per my trading style:
As GOLD is sitting around the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
UNLESS the lower red trendline is broken downward, then the bears would take over for a deeper correction.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold Weekly Time Frame Creating Pattern For SellHello, We can clearly can see Gold Trippe top pattern which is of-course a trend reversal pattern but before that we can see more bullish till 2050-2070 after that we should wait for a perfect evidence for sell like Bearish engulfing candle or any other strong ...
Hope you guys like it leave comments share your thoughts would love to learn from you guys as well