SECRET MARKET FORECASTING METHODHello.
The video I made about this topic was removed. So I recorded a short version of what I said since I hate to redo stuff.
Take it for what it's worth!
Cheers.
Commoditie
XAU/USD has a sentiment bullish about the cold warHello guys, especially in Gold. So, Gold has a sentiment bullish abut the cold war about the tension in US-China, and also some protest in USA, and that may that gold up the price.
So, in H4 timeframe we see a shoulder head shoulder and that show whay Gold has force to continue has $1,777 USD the oz. and it's cam make a awesome earns in Gold if you put in longer.
In daily timeframe, we see a possible continue to up, because Gold has make a pull back in the and RSI and MACD Show us that Gold has a force to continue up the price.
And also, Im going to make my technical analysis below of H4, to see what movement of gold make to catch the short position, but in theory, Gold is bullish.
"COPPER (XCUUSD): ready to go up" by ThinkingAntsOkDaily Chart Explanation:
- Price is against a Weekly Support Zone.
- Price is under a Descending Trendline.
- Bullish Divergence on MACD.
- If price breaks the Descending Trendline at 2.68, potential to move up towards the Resistance Zone at 2.96 and, then, to the Weekly Resistance Zone at 3.2.
Our Weekly Vision supports this potential long idea. Take a look!
Weekly Vision:
Updates coming soon!
GC1, Gold futures. Broken H&SI believe Gold has broken a Head & Shoulders Pattern and we can see move bearish movement from here. This could also mean DXY ascension is not yet finished.
Not sure if it is worth to take any short position though... Notice there is a valid Cypher pattern and, if market decides to complete it, the price may fall to as low as 1125 area.
This movement does not cancel the bullish run and we should see Gold going to 1,400 area by next year
Cup and handle SILVERThis is a long setup for a break of the handle and a confirmation if we break the right lip, if that happens target is 28,82.
Wait till we break the handle and take a really long position in SILVER, could take 1 year but will really worth it.
Regards
COPPER SHORT! Back 2 Back?Previous Gartley on COPPER worked out great! Second Gartley has formed and hopefully we will get 2 out of 2. RSI going overbought (82.9) and copper still trading within the triangle gives us extra confirmation for a short.
USOIL / WTI CrudeChart showing a textbook intraday Head and Shoulders Bearish pattern
Just breaking below neckline area now
Long Gold if ..If we comeback to 0.618 retracement i will open a long position at that price 1262,50 , my target will be 0.382 retracement 1300 and SL will be 1255 ..!
Regards
Long Silver now !I will long silver right now, entry price SL and TP on chart !
good luck !
Regards!
USOIL. Possible Gartley patternThis is a very audaceous setup as we still have point C to be confirmed, there may not be any harmonic pattern at all.
The eventual pattern is located at key support and resistance levels and would also confirm a deep 23.60% retracement of what is considered a bullish Wave 1.
Shorts:
Entry: 47.70
SL: 49
TP: 41.50
Longs
Entry: 41.50
SL: 39
TP1: 44
TP2: 47
TP3: 55.22 (not related to a pattern)
USOIL Long view on multiple tests of support & supply zonesAug-26: Long view on crude with stop & reversal below the
lower trend line.
3 reasons:
1. converging averages
2. lower support line of pitchfork
3. breakout above the descending top trendline
What About a Short Trade?Price has not moved above MA20 on the daily chart. So, we think about short trades on hourly charts and open trades with close targets. Look at this 4H chart, we have a down movement and a possible entry level below 1321,80. MACD and RSI confirm price reversal from falling MA50. Just one thing which does not support our short trade - it's ADX falling below 20. Based on DMI we have range market conditions and we'll need more time for price movement in the direction of our trade. Stop order should be placed above 1333.80 and profit target near support level.
