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#gold#commodities

InvestMate|Gold Rebounding From A Resistance Zone?🥇🥇Gold Rebounding From A Resistance Zone? 🥇Post is a direct continuation of my previous post: 🥇This time we will look at gold from a slightly closer perspective and try to determine the end of the current upward correction. 🥇Looking at the behaviour of the price and the lack of strength for further increases, the most reasonable solution will be to establish a resistance zone at 0.382 of the last downward wave. 🥇There is also the 50-period moving average in that area, which can provide strong resistance. 🥇The nearest support zone is the 0.382 level of the entire upward wave from the bottom. 🥇There we can expect some kind of demand reaction. 🥇The scenario I'm playing out is a rebound from the resistance zone and a continuation of the decline to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
OANDA:XAUUSDShort
by InvestMate
1
InvestMate|Gold May Surprise Positively🥇🥇Gold May Surprise Positively. 🥇As I wrote in a previous post about the possibility of continuing the uptrend and making a new top: 🥇Yes and this time I am not changing my opinion. 🥇First of all, I wanted to draw your attention to how the price rebounded from the nearest support zone determined by the fibo level of 0.382 of the entire downward wave from the peak in March to the bottom in August. 🥇The resistance zone which is the target I determined in the previous post. 🥇Looking at the indicators, the MACD histogram and the RSI you can see that they support my scenario. 🥇The scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🥇*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
OANDA:XAUUSDLong
by InvestMate
4
InvestMate|Gold However breakout🥇🥇Gold However breakout 🥇As I wrote yesterday about a possible breakout scenario that came true: 🥇I would like to update my outlook and add that the current scenario is an increase to the resistance zone marked on the chart and in the previous post. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🥇 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
OANDA:XAUUSDLong
by InvestMate
15
Gold is merely consolidating ahead of further gainsGold has met its initial upside target of 1782 (measured from the base 1702/1622). It is, we believe, merely consolidating its gains. We do like to look at Fibonacci retracements in conjunction with the cloud to work out the short term levels of support. While these hold we will maintain a positive bias. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
FXOPEN:XAUUSDLong
by The_STA
1
Taf's Gun to the HeadTrade Idea: Short Gold at Market Reasoning: Lookig for a correction from the parabolic bullish movement. Resistance at 1780 seems to have held and we are currently at resistance which was support before. Target is the 1750-1747 zone. Entry:1769.72 TP: 1747.46 SL: 1778.41 RR: 2.56 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:XAUUSDShort
by Signal_Centre1
Gold starting to shine!Gold based recently at major support and tested the 1615 area 3 times. This only served to reinforce the support (55-month ma, long term channel mid-point, 50% retracement) - see my video from October 17th We have over the last few days severed the downtrend that extends back to March. Attention is on the early October high at 1702 - a close above here will complete a triple base and offer a minimum upside measured target to 1782. Disclaimer The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current Disclaimer: opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
OANDA:XAUUSDLong
by The_STA
Commodities Correction Complete?Among the most noticeable market sectors moving last week was the metals, metals miners and other basic materials stocks. The consensus grows that the Fed is running out of room to continue hiking. The market appears to be viewing that the next 75 basis point hike in November may be the last. All eyes will be on the Fed's forward guidance. Any dovish tone will push stocks higher. One could expect that commodities may continue to be a strong hedge against inflation. IGE is one of many ways to hedge your portfolio against inflation. The stock appears to have formed an A-B-C correction and may be headed into wave 3. I would prepare for a very long term hold here. One always has to keep in mind that in Commodities, often the final wave 5 is the most powerful. That being said, we are still in the early stages of the commodities move. Also see gold which appears to have successfully tested the bottom and appears headed higher.
CBOE:IGELong
by AssetDesign
Gold - not exciting yet, but needs to go back on to your radarWe are in consolidation mode around the 1615 zone, this is the 55-month ma, a long term Fibo and the mid-point of a long-term up channel. The market has recently failed at the 55-day ma, so it has not really done enough to suggest that it is ready to head higher either. So not a market to get excited about yet, but one that really should go back on your radar given the key band of support it is sitting on. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Editors' picks
OANDA:XAUUSD
by The_STA
13
GOLD broke M-neck @1678; will 1590 or 1428 be the bottom?Gold has been on a downfall since it broke the 2018 uptrendline last June 2022. It attempted to rally but was rejected 2x at 1815 & then 1730, both along the black downtrendline from 1078 April 2022 top. For last 5 weeks, it has been chopping around 1678, the neckline of a big M-pattern started from the July 2018 low of 1169 up to the ATH @2e20890c1d4645f3b11848906a7713 BEARISH BIAS: It already broke the weekly wma200 & is now supported by the monthly mma50 line. If gold fails to recover wma200 & break above 1678 neck & the downtrendline this week, then most probably the recent low at 1622 will also fail. The next 2 supports are 1590 & 1428. WATCH OUT: gold cannot recover with the dollar index DXY still continuing higher. The DXY may peak out once the FED pivots to less aggressive hikes after confirming a lower CPI data for Oct. As for now investors are still selling equities & parking into dollar. Not trading advice
COMEX:GC1!Short
by xtremerider8
Taf's Gun to the HeadTrade Idea: Sell Gold at Market Reasoning: Looking to sell gold and expect bearish momentum to continue after price seems to be rejecting the 1672-1674 zone. Entry:1663.96 TP:1633.05 SL:1677.06 RR:2.36 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:XAUUSD
by Signal_Centre1
XAUUSD Bullish retracement for MN timeframeHi traders, After a successfull sell off ollowing a sccessful bearish wave we see the XAUUSD/ Gold commoditity pull back on the resistence of our monthle bearish channel. We will now call it our support. The pullback will lead us back to the neckline of our double bottom which was from to complete it. Once completed, we anticipate a massive sell off to the crashing XAUUSD commodity. The second option is that it violated the double top, in this case, we will wait for a tripple top to form and catch it after three confirmations. #Preciousmetals #XAUUSD #Goldcrash
OANDA:XAUUSDLong
by Mezzoforte_Privilege
Quality Short Opportunity on GoldAs Gold rebounds off of its lows I will be looking to start a short position as it enters the key resistance area (purple zone). I will stay patient to add most of the position on a final swing up to grab liquidity above the key zone and ultimately complete a bearish divergence. My short target is a macro golden pocket, the bottom of a macro parallel channel, and the next big support level on Gold. $1,575-1,550. Use proper risk management and a stop loss and this could be a very profitable trade, good luck! Below is a zoomed out image of the trade discussed, looks good.
TVC:GOLDShort
by farmtrader15
1