GOLD - Video Top-Down Analysis!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
Metal
My today idea of Gold's possible moves 28042023Gold prices reversed the bearish corrective trend, as we expected during the previous technical report, in which we relied on the negativity of technical indicators, in addition to the stability of trading below the 2006 resistance level at the time of the report’s release, recording its highest level at TSE:2009 per ounce.
Technically, and with a closer look at the 4-hour chart, we find that the simple moving averages have returned to hold the price from below, and this comes in conjunction with the price obtaining positive signals from the stochastic indicator. Despite the technical factors that support the possibility of an increase, the prices It is still below 2006 resistance of the symmetrical triangle as shown on the chart.
We need to witness a clear breach of the mentioned resistance level to stimulate the price to visit 2011 and 2023, respectively, considering that the breach of 2023 increases and accelerates the strength of the bullish trend towards 2037.
It should be well noted that the price’s failure to breach 2006 makes the possibility of the corrective decline mentioned in the previous report valid and effective to target 1985 and 1971.
Note: the risk level may be high today.
Xau/usd Gold higher prices hello traders this is my next week market forecast for Gold prices extended their gains early on Friday as traders kept buying up in the face of lowering inflation, falling dollar, and rising economic worries. Two days after the yellow metal climbed above HKEX:2 ,000, it got as high as HKEX:2 ,048 per troy ounce, or just around 1.8% away from its record. It is also poised to finish in the green for a second week in a row. make sure to comment what you think check out my other posts too if you want learn what exactly i see in the market place you can contact me private
Gold -> Time To Get LongHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Gold is retesting the previous all-time-high exactly at the TADAWUL:2050 area and we already started a small rejection away from the resistance.
You can also see that weekly market structure is sill bullish, Gold is still creating higher highs and higher lows so I am now just waiting for a small retracement but then eventually a break above the all-time-high and then just more continuation towards the upside.
On the daily timeframe you can see that Gold is also approaching daily support at the $1990 area, so I am just waiting for a deeper retest of the support zone and then I do expect another push towards the upside from there and also a break of the previous all-time-high.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Gold - Take A Break? 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting our 1800 support zone , Gold has been bullish making higher highs and higher lows.
However, it is approaching the upper brown trendline that I consider an overbought area.
Moreover, the 2075 is the current all-time-high.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As XAUUSD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Of course, UNLESS Gold breaks above 2075 in an aggressive manner, then the bulls will remain in control and we will expect an extended bullish movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Detailed Video Analysis 🥇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
Gold fakedout traders why ???hello traders here i will explain why people get faked out the market do same thing over and over again every time we should try to learn and see what the chart is saying and the mechanics behind how a trade setup form them selves i have outlined for breakout traders how they can avoid being faked out all the time ...comment down below and follow for more also give it a like if you find it helpfull we will have trade gold 2morrow stay up
SILVER - Good Opportunity Hi, this is my new update for Silver. Finally today we have broken one of the biggest trendline in the history of Silver. In the past 2 years we have been stuck under this trendline and after testing it for the 6th time we finally see a good breakout, but not everything is certain right now. Two months ago I told you guys that we are in a "bullish expanding triangle" and I expect we are going to see a breakout and now it is time to see if this breakout holds.
First we have to test the resistance between 25.80 - 26.50$ and at the same time we are testing the 70.2% Fibonacci retracement level. I expect after we have tested those levels we are going to backtest the trendline and the support level around 24.30$ and if these levels holds that indicates the we have a valid bullish expanding triangle and we are going much higher.
At the same time we are in an overbought area in RSI chart and if everything I explained above happens I think we are going to see the RSI test the bullish area of 40 levels and it is going to bounce from that area.
Also good to see that we are getting back bullish momentum on weekly and monthly timeframes.
✳️ Metal Bullish Bias Explained + Related To BitcoinHere we have a mixture of patterns that alerts us of a bullish bias.
MTLBTC
- Produced a very strong decline. A strong move to any side produces a similar reaction to the other side.
- This steep decline from 20-Feb. to 22-Mar. ends in a higher low compared to Dec. '22.
- A volume breakout takes place; the highest volume since February. This signal goes together with the previous two.
- As these signals accumulate, prices break above EMA10.
Some other pairs, not many but a few, are starting to show huge breakout on the Bitcoin side.
If more pairs break bullish, this confirms that this group of Altcoins is ready for a bullish wave.
It also confirms Bitcoin's higher low, regardless if the correction it produces is weak or strong.
Namaste.
GOLD TECHNICAL OUTLOOK 22/03/2022 Gold has been trading a downtrend which has changed
We see gold made gains during the course of the months and is currently at a KEY RESISTANCE LEVEL
We confirm Gold is trading within an uptrend But can also confirm we do see SELL positions in the weeks ahead
reason being Gold opened the week at a KEY RESITANCE LEVEL which is rejected and we do see a strong bearish opening and closing with current candles
We look to SHORT GOLD in the weeks ahead to next SUPPORT level
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🥇 GOLD The "Flag" pattern after a hard fallGold on the daily timeframe is forming a false breakout and consolidating under the global resistance zone and the local timeframe is forming a pattern that could send the price even lower.
Senior Timeframe:
1) False breakout of the resistance and interest area
2) Consolidation formation below 1960
3) Closing of the daily candle near the daily low. The price does not roll back up, but forms a pre-breakdown consolidation.
4) Proceeding from the conditions, the bearish potential starts to appear.
Younger timeframe:
1) No pullback after a strong drop and testing the 1940 area
2) The price is approaching yesterday's low of 1935. A break through this area will form a bearish momentum
3) We also see the "Flag" pattern, which is a pattern for continuation of movement. Break through the support of the local channel will form a bearish reaction
4) It is necessary to look for an entrance point in the area of 1940-1939, 1935.
5) At the moment we consider bearish scenarios and signals for sales
On the market after a false breakdown, there is bearish potential. It is worth considering the levels and patterns for short trades.
easyMarkets Gold 4-hour - Quick Technical OverviewAfter a sharp decline on Tuesday, Gold is now balancing slightly above our 38,2% retracement on the Fibonacci. Given that we have the Fed rate announcement on Wednesday evening, we will take a cautious approach and wait for the decision first, before getting comfortable with either of the short-term directional moves.
From the technical perspective, a break below the 1935 zone may invite a few more sellers into the game, possibly clearing the way towards the 1915 area, or even the 50,0% retracement.
However, to get comfortable with the upside scenario, we prefer to take a conservative approach and wait for a move back above the 1960 hurdle first. This way, the path towards the psychological 2000 area could opened once again.
Disclaimer:
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Copper - Weakest metal- pt.2As per previous post, , we are shorting copper from 413, since we believe wave B as been completed at 435, creating a bearish wolfe wave pattern, and a wave C to the downside is beginning to unfold.
Our stop loss is on entry and the tp is at the wolfe wave target line at 364.
XAUUSD is accumulating for a 1925 target.Strong 1D candle for Gold today, still some way off the 1day MA50. The rebound was achieved on the 1day MA100.
There are strong similarities between February-March and August-October as you see. The rising RSI validates that the pattern is on the Double Bottom pricing. One last drop for a Triple Bottom is possible.
Perfect time to buy and Target Fibonacci 0.786 at 1925.
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GOLD - Potential Buy Setup - Analysis #2/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
GOLD is retesting a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H1: Right Chart
For the bulls to take over, we need a momentum candle close above the last major high in red.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XAUUSD on February's Support ZoneXAUUSD after its biggest daily drop in recent months, it reached the Support Zone of February.
The MA50 (1D) has entered this Support Zone and can support as it is intact since November 10th 2022.
Legitimate short term buy opportunity.
Trading Plan:
1. Buy on the current market price.
2. Buy if the price breaks over Fibonacci 0.382 and retests the Pivot.
Targets:
1. 1280 (MA50 (4H) and Pivot).
2. 1856 (Fibonacci 0.618 and Resistance 1).
Tips:
1. The RSI (4H) is rebounding after breaking deep into the oversold level. It has been a strong buy signal before.
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XAUUSD Trading approach based on the MA50 (1D)Gold reached a harmonic Resistance, previously being a Support.
During the uptrend such levels when tested as Supports and held, extended the uptrend.
If we are on a new downtrend, this level has to hold.
Trading Plan:
1. Sell as long as the price is below the harmonic Resistance (white line).
2. Buy is it crosses above the MA50 (1D).
Targets:
1. 1960 (Resistance 1).
2. 1780 (MA200 1D) and 1740 (lower liquidity level).
Tips:
1. The MACD is also inside its 3 month Resistance Zone. The next Bear Cross will confirm the downtrend.
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GOLD - Good Opportunity Hi, this is my new update for GOLD. In the month of February gold lost 8% of its value, but I think that was a healthy correction to get a bullish momentum in March. We tested big support level around 1800 - 1820$ and the same time we also tested 50 and 100 weeks moving averages and those levels helped us to get big bounce and break the down trendline channel. Right now we are going to test both the resistance 1858 - 1864$ and the 50 days moving average. I expect we are going to get a temporary pullback from the resistance and perhaps it is going to be the last accumulation for the traders and after that we are going to break those levels. It has higher probability that we are going up, since we have two beautiful gaps that we have to fill.
GOLD - Shift In Momentum In Action! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
XAUUSD is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Our Safe Haven!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
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
✳️ Metal Hits New High As Soon Bitcoin RetraceAs soon as Bitcoin went a minor retrace, Metal (MTLBTC) moved up strong and hit a new high... This is the same signal I used in the past to predict additional bullish action for Bitcoin.
When Bitcoin drops, everything drops.
When Bitcoin drops but the Altcoins grow, this is a signal that Bitcoin is only going through a retrace before additional growth.
This is great news... Enjoy the profits!
Namaste.