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
1900
GOLD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GOLD has been overall bullish trading inside the blue rising broadening wedge pattern.
Moreover, the 1900.0 level is a strong support and round number.
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in blue acting as a non-horizontal support.
📉 As per my trading style:
As GOLD approaches the lower 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
XAUUSD - Detailed Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as 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 still waiting for a trigger to sell!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: GOLD formed a wedge pattern in red so now we are waiting for our trigger to confirm the bearish movement.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
and since now GOLD is sitting around 1900 we will be looking for sell setups on lower timeframes like M30.
we will be looking for sell setups, unless price breaks aggressively above 1900, then the momentum will be shifted from bearish to bullish.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
GOLD waiting for a trigger to sell!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: GOLD formed a wedge pattern in red so now we are waiting for our trigger to confirm the bearish movement.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
Gold running over 275 pips up...Prior analysis:
Earlier this week, I put out a post anticipating an upside movement with a long trade idea. And as we can see my last predictions come true thus far with still lots more room and potential for profit coming into the later part of this week.
The price first touched the support around 1860 before we begin today's rally higher. $1,900 per 0z. incoming...
Gold touch 1900 before month close?Then afterwards going to build a handle for north continuation of a large monthly Cup and Handle pattern?
In terms of UJ Seasonality agreement I have not thought much that far ahead other than a few bold statements and idea titled 't'. Recently I predicted Oil to hit USD 160 by September 2021 and I was called crazy and laughed at. Same when I first posted my Gold idea about a year ago.
With current buying and printing aggression it will be hard to say where this is going. Monetary policy this forthcoming coupled with the instability between US, China, and the Mideast could easily introduce stronger volatility than we have recently seen with COVID imho.
XAUUSD => Weekly Forecast Expected Long 1800-1900we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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Check today analysis
Fundamentals
USD => GDP & Job less claims data expected Negative Hence XAUUSD Benefited most as Hedge Funds and Investors also Investing in it to secure their Cash. Data Release 8:30 am Thursday, Eastern Time (ET)
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Update on 1900 price targetIn my previous TA I already stated my key points why BTC should go bellow 3000. Nothing has changed so far. We had a nice pump on smaller altcoins and LTC has in my opinion already reached the top.
Here's my new scenario, BTC will try to go past 4200 once again and since there won't be enough volume to push us higher it will just roll over to 3000. Personally I think what we're forming here is a raising wedge. 0.618 fib retracement or 3858 is not gonna hold this time, especially not 3330. Another thing worth to mention is the diagonal support on RSI (yellow line) once we break this expect an immediate reaction.
But the most important thing I want you guys to remember is once 200 weekly MA gets broken things will get really ugly. All those hedge funds will want to get out, so expect a huge sell off.
A massive sell off coming up, 50 % dropBlue lines are the average of BTC's most boring days. We stayed at 6400 for 2 months before it dumped to 3140, so let's say an estimate of 50 % drop. Now the story looks very similar, from 24th November till now we've been hanging around 3680, few dollars up and down which is caused by bots trading. So I can think of only one outcome. Another 50 % drop which will take us to 1900 support. I also used a triangle (pink lines) to make it more visible where we are at right now. My gut is telling me that a massive sell off will happen at the start of next week. I've been sitting in Tether since 4100 so let's see how this plays out.