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Gold - Real gold is not afraid of the melting pot 🪔Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last picture and video analysis (attached on the chart), we have been looking for buy setups around the lower bound of the channel. This week, XAUUSD rejected the lower blue trendline and round number 1800, and traded higher. However, it is currently approaching the upper bound of the channel. Moreover, the zone 1900.0 is a previous major low and round number. 🏹 So the highlighted blue circle is a strong area to look for trend-following sell setups as it is the intersection of the orange previous major low and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As XAUUSD approaches the lower blue circle zone, I will be looking for bearish reversal setups (like a double top 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
OANDA:XAUUSD
by TheSignalyst
12
DXY/USD ~ Flat Bottom Pattern + Inverse H&S (15min)TVC:DXY developing flat bottom pattern after rejecting upper parallel channel + potential inverse H&S pattern, TBC. Inverse H&S Playbook (Long): - Break above 200MA/38.2% Fib/descending trend-line confluence - Reject 50% Fib/overhead supply (white box) confluence then bounce off 38.2% Fib to create the "Right Shoulder" - Re-test & break (hold) above overhead supply confluence to activate inverse H&S pattern - TP 1st target = ~107.70-108 21st Nov 2022 wick top/supply (red box) Inverse H&S breakout also coincides w/ break above ascending parallel channel. Flat Bottom Bear Break Playbook (Short): - Break below horizontal "Flat Bottom" line to re-test middle trend-line (dark blue/dashed) - Failed re-test of Flat Bottom &/or middle trend-line validates Bearish price action - Moving averages (esp. 200MA) act as dynamic resistance, pushing price action towards lower parallel channel - TP 1st target = ~106-105.70 (green box)
TVC:DXY
by BlueHatInvestor
2
Crude Oil ~ 4H Swing V2 (Sept-Oct)Updated 30/09/23: - Revised up-trending parallel (green) - Added down-trending/consolidation parallel (white) - Added horizontal lines (yellow/dashed) to mark upper/lower range (94.239-87.829) Everything else stays the same (chartist holy grail lol). Notes: - Further write-up on Daily Swing V2 Chart - Faded out longer TF parallel lines (light blue) TradingView has a sh*tty chart bug where any trend-lines drawn on longer TF become misaligned when you switch to shorter TFs. Temporary workaround = set "Opacity" on affected lines to "0%" before publishing & restore afterwards so you don't have to manually erase/re-draw...just remember where you drew them to begin with lol.
CAPITALCOM:OIL_CRUDE
by BlueHatInvestor
Crude Oil ~ Daily Swing V2 (Sept-Oct)Updated 30/09/23: - Revised up-trending parallel (green) - Added down-trending/consolidation parallel (white) - Added horizontal lines (yellow/dashed) to mark upper/lower range (94.239-87.829) Everything else stays the same (chartist holy grail lol). CAPITALCOM:OIL_CRUDE has done an amazing job respecting its upward parallel channel since June. Could see period of consolidation (foreshadowed by prev price action) into lower trend-line before deciding whether to push higher towards Golden Fib (break upper trend-line), or capitulate to global recession fears & collapse towards 200DMA/23.6% Fib, TBC. Price action would be biased towards upside given OPEC+ bullish manipulation, however OPEC+ would also be hyper-vigilante on excessive Crude Oil prices which could threaten demand destruction - hence why they opted to review production cuts on a monthly basis to maintain price/economic stability.
CAPITALCOM:OIL_CRUDE
by BlueHatInvestor
US100 ~ 4H Bullish Pennant (1H update)CAPITALCOM:US100 tapped & held above confluence. US Flash Manufacturing & Services PMI release could bring in some big swings in either direction...however intuition tells me majority of implied volatility will manifest next week with US data points: Wed - CB Consumer Confidence Thurs - Final GDP (q/q) | Unemployment Claims Fri - Fed Chair Powell Speech | Core PCE Price Index (m/m) | Revised UoM Consumer Sentiment & Inflation Expectations Play-by-play looks the way..
CAPITALCOM:US100
by BlueHatInvestor
GOLD, Breakout The Bull-Flag-Formation, Confirming The Trend!Hello, Traders Investors And Community, welcome to this update-analysis about GOLD, there are some new meaningful signs in the current formation and price-action which I detected, the last time I mentioned GOLD I recognized an important bull-flag-formation within the structure if you did not see this analysis I recommend that you go to my account and have a look on it. The last hours we saw GOLD breaking out the current bull-flag with good volume and volatility, that is overall all an excellent sign for more continuation to the upside which I mention here with the targets integrated. We are looking at the locally 4-hour time-frame. As you can see in my chart GOLD has still this strong rising-resistance-line above which serves as a highly important resistance in the structure. First of all, it is a good sign that we broke out of the bull-flag which you see in my chart, the next time it is within the high likelihood schedule that the bull-flag will be confirmed with a pull-back of the higher boundary of the bull-flag before moving higher after the confirmation. If the confirmation happens the next time this will be a good place to open a conservative long-position with a stop-loss below 1710 level, it is wiser to wait on the confirmation here than to rush in the trade as there is still some resistance above. After the confirmation happened we can expect GOLD to move higher to the first short-term-target at 1775 which you see marked in my chart in grey after this target is reached we can expect that gold will have a smaller correction to correct its upward-move before moving higher and finally reach the overall full-bull-flag-target which you see in my chart at the 1790 level. This target also matches coherently with the rising blue resistance line and building a bearish confluence zone there. On the longer time-frame, I observed that GOLD is trading in a possible big inverted head and shoulder formation in which we are forming the right shoulder currently but this has to be confirmed properly and when it does we have a good sign to move higher in price action. On the fundamental side, we have the overall stock-market which is declining and this is almost always a bullish sign for GOLD to move higher as the history showed already several times. When the corona-restriction do not increase in the country's again I do not see much of resistance for the growth of gold in the middle-term-basis, remember that when these restrictions increase or we get a second wave of corona-fears on the global-economy it can affect GOLD also as it affected the whole market-landscape, in this case, we need to be prepared and consider the changed situation again, therefore we need to do not get overly speculative and see the situation as it is because that happens fewer and fewer in today's markets. Thanks for watching, support for more market insight, and all the best. There are many roads to prosperity, but one must be taken. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
TVC:GOLD
by VincePrince
21