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Elliott Wave View: Gold (XAUUSD) Looking to End Wave 5Cycle from 5.4.2023 high in Gold is in progress as a 5 waves impulse. Down from 5.4.2023 high, wave ((i)) ended at 1999.30 and rally in wave ((ii)) ended at 2048.15. The metal then extends lower again in wave ((iii)) towards 1931.70 and wave ((iv)) ended at 1983.27. Internal subdivision of wave ((iv)) unfolded as a zigzag Elliott Wave structure. Up from wave ((iii)), wave (a) ended at 1974.75, pullback in wave (b) ended at 1953, and wave (c) higher ended at 1983.27. This completed wave ((iv)) in higher degree. The metal has extended lower in wave ((v)). Internal subdivision of wave ((v)) is unfolding as a 5 waves impulse Elliott Wave structure. Down from wave ((iv)), wave (i) ended at 1937.6 and rally in wave (ii) ended at 1970.15. Internal subdivision of wave (ii) unfolded as a zigzag. Up from wave (i), wave a ended at 1964.56, pullback in wave b ended at 1954.5, and wave c ended at 1970.15. This completed wave (ii) in higher degree. Gold resumes lower in wave (iii). Down from wave (ii), wave i ended at 1939.30. Expect the metal to rally in wave ii, then resumes lower again. Near term, as far as pivot at 1983.27 high stays intact, Gold has scope to extend lower to end wave ((v)) of C of (2) before the metal turns higher.
FOREXCOM:XAUUSD
by Elliottwave-Forecast
DXY Index Analyze (Road Map, 05/31/2023)!!!🗺️Hi, everyone👋. To better understand the DXY Index roadmap🗺️, it is better to first look at the DXY weekly time frame:👇(Running well, as I expected ✅) As you can see, the upward trend of DXY will continue. Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory . It seems that DXY is nearing the end of wave 3, and this wave can end at 🟡 Price Reversal Zone(PRZ) 🟡. I expect the DXY to return to the first 🟢 support zone($ 103.60-$ 103.36) 🟢 after the end of wave 3 is confirmed and rise again to the top of the 🔴 heavy resistance zone($ 105.80-$ 104.53) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXY
by pejman_zwin
11
The one and only commodity I am selling in May 2023!We’re looking at the weekly chart. We can see palladium’s price has fallen since 2021 from $3,000 down to today at $1,424. Then in 2022, palladium shot up to above $3,400, this has formed what’s known as a Descending Triangle. This is where the price makes lower highs and bounces on the same floor level. Now that the price has broken below the triangle, this tells me the sellers are winning and will continue to dominate the market. This will bring down the price further. I expect the palladium’s price to drop to the 200MA (black line) and then further down to $880. If this happens, this downside for the precious metal will ONLY be the beginning. Considering all these factors, we need to brace for palladium’s next crash and at least try and profit from the fall. FUNDAMENTALS: Why Palladium’s demand is dropping Experts from Norilsk Nickel, a major mining company, predict there could be only a small shortfall of 100,000 ounces. This is less than what they thought in February when they expected a shortfall of 300,000 ounces. This is mainly because the car industry is not recovering as quickly as they thought, so demand has not increased as expected. Chip supply and the war in Ukraine have further slowed the car industries recovery. And South African palladium producers have also contributed to this slowing as they have lowered their production goals and reduced their refining activities, largely due to loadshedding. And this isn’t good for palladium and its price. But as always I look to the charts for the overarching signal and this is what it’s telling me.
NYMEX:PA1!Short
by Timonrosso
XAUUSD Weekly Forecast | 29th May 2023Fundamental Backdrop The key takeaways of last week's FOMC meeting show that the FEDs agreed on the need for more rate hikes after May's meeting was 'less certain'. We will likely be seeing strength in the USD. We could see investors shift their money from GOLD to USD instead, weakening it. Technical Confluences Near-term resistance level at 1948 Next support at 1904 Idea Price could head towards the next major key support level at 1904. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDShort
by OlympusLab
GOLD is still Strong 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Gold has been overall bullish trading inside the rising channel in red and it is currently retesting the lower red trendline. Moreover, the orange zone is a previous major high turned into a potential support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and red brown trendline. (acting as non-horizontal support) As per my trading style: As GOLD is sitting around the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) UNLESS the lower red trendline is broken downward, then the bears would take over for a deeper correction. 📚 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
6
XAUUSD Weekly Forecast | 22nd May 2023Fundamental Backdrop The USD is expected to pause interest rates, causing investors to shift their money to Gold. Technical Confluences Resistance at 2001 Current support at 1981 Major support at 1960 Idea We could possibly see price retrace back up to retest the resistance at 2001. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDLong
by OlympusLab
DXY is ready to take back the effects of CPI🔄The DXY index experienced a noticeable fall after the announcement of the CPI index. Currently, the DXY indicator is moving in the 🟢support zone($ 101.3-$ 100.82)🟢 and near the lower line of the descending channel. The Regular Divergence(RD+) between the price and the MACD indicator is clearly visible in the ⏰4-hour time frame⏰.👇 According to the theory of Elliott waves, the end of the main wave 5 can finish in the support zone, and I expect the DXY Index to at least touch the upper line of the descending channel or the middle line of the descending channel. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2h-time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
44
🥇Gold🥇will pump by contracting triangle(Short term)!!!Gold is completing the corrective Zigzag pattern that microwave B has a Contracting Triangle structure. I expect gold to go higher after breaking the upper line of the Contracting Triangle to go up to the target I specified on the chart. ⚠️I tried to put two BUY positions for you with two different RRs (according to your risk strength), but be sure to enter with your own strategy, and don't forget capital management .⚠️ Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
7
Gold (XAUUSD) Short Term Elliott Wave Support AreaShort Term Elliott Wave view suggests Gold ended wave 1 rally at 2081.82. Pullback in wave 2 is in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 2030.21 and rally in wave (b) ended at 2059.56. Wave (c) lower ended at 1999.30 which completed wave ((w)). Wave (c) ended at the 100% – 123.6% Fibonacci extension of wave (a). We have here a clear 3 waves pullback which ended at the 100% extension area. This suggests the right side of the market remains bullish despite the pullback. From wave ((w)), the metal ended wave ((x)) at 2048.01 with internal subdivision as a zigzag. Up from wave ((w)), wave (a) ended at 2038.20, pullback in wave (b) ended at 2024.6, and wave (c) higher ended at 2048.15. This completed wave ((x)). Wave ((y)) lower is currently in progress with internal subdivision as a zigzag structure. Down from wave (x)), wave (a) ended at 2000.6 and rally in wave (b) ended at 2022.56. The metal has resumed lower in wave (c) in 5 waves. Down from wave (b), wave i ended at 2007 and wave ii rally ended at 2022.11. Expect the metal to continue lower a few more to end wave iii, wave iv, and wave v. This should complete wave (c) of ((y)) of 2 and end the entire corrective pattern. Potential target lower is 100% – 161.8% Fibonacci extension of wave ((w)). This area comes at 1915 – 1966. Expect buyers to appear here for more upside or 3 waves rally at least.
FOREXCOM:XAUUSD
by Elliottwave-Forecast
Two Ascending Broadening Wedge patterns on 🥇Gold🥇(Short term)!Gold was able to form Two Ascending Broadening Wedge patterns in the 15-minute time frame. Gold will fall to at least the 🟢 support zone($ 2015.5-$ 2011.420) 🟢 after breaking the lower lines of the Ascending Broadening Wedge patterns. Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
15
🥇Gold🥇Fall by Ascending Broadening Wedge Pattern(short term)!Gold is forming an Ascending Broadening Wedge Pattern after breaking the support zone by the breakout candle🔨. Gold is running near the resistance zone. I expect Gold to go down to the 🟢support zone🟢 and will probably decrease more. Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
6
Crude Oil Ka-BoingNice long tail on the weekly chart, after a lower low. Technical indicators MACD and VolDiv appear bearish but this is suspiciously like a hidden dragon. Taken altogether, the first resistance is 76, and once close above 80 is firmed bullish. The lower low suggests more downside, but the length of that tail is telling a very bullish story for the next couple of weeks. So... expecting a consolidation range fighting between bears and bulls between 70-80; while leaning towards a bullish breakout much later... perhaps (ideally) after higher low. Do note that in alignment to the earlier post about the USD dropping, it does look like Crude now has a better chance of turning around to reinstate its bullish efforts.
NYMEX:CL1!
by Auguraltrader
When can the DXY index break the Descending Channel❗️❓The DXY index has been moving in the descending channel for more than 1 month.📆 DXY seems to have formed the Double Three Correction structure(WXY) in the middle of the descending channel during the last two weeks. I expect the end of wave Y to finish near the middle line of the descending channel and the🟢 support zone($ 101.3-$ 100.82) 🟢, and again DXY will attack the upper line of the descending channel for the 5️⃣fifth time5️⃣ and break the descending channel. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 2-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXY
by pejman_zwin
30
Elliott Wave View Suggests Silver (XAGUSD) Correction continueSilver (XAGUSD) ended cycle from 3.10.2023 with wave 1 at 26.08 as the 45 minutes chart below shows. The metal is now correcting cycle from 3.10.2023 low in wave 2. Internal subdivision of wave 2 is unfolding as a double three Elliott Wave structure. Down from wave 1, wave a ended at 24.78 and wave b rally ended at 25.31. Wave c lower ended at 24.62 which completed wave (w). Corrective rally in wave (x) ended at 25.48. The metal resumes lower in wave (y) with internal subdivision as a zigzag. Down from wave (x), wave a ended at 24.76 and wave b ended at 25.35. Wave c lower ended at 24.47 which completed wave (y) and ((w)) in higher degree. From there, the metal formed wave ((x)) connector with internal subdivision as a double three in lesser degree. Up from wave ((w)), wave (w) ended at 25.22 and pullback in wave (x) ended at 24.49. Wave (y) higher ended at 25.9 which completed wave ((x)) in higher degree. The metal then turns lower in wave ((y)) with internal subdivision as a zigzag. Down from wave ((x)), wave (a) ended at 24.86. Expect rally in wave (b) to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension of wave ((w)) which comes at 23.31 – 24.29 area. Near term, as far as pivot at 26.08 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
FOREXCOM:XAGUSD
by Elliottwave-Forecast
1
XAUUSD LONG ANALYSIS TO 1702💥This is my bias on how I believe the gold market will reach its mid-term target of 1702 over the next few weeks, leading into Q4 of 2022. So far, we’ve seen 3 sub-waves of the final bearish wave (Wave 5) & I believe we have 2 more sub-waves left in order to complete the bearish trend, which you can see detailed on the chart above. Make sure to follow the details on the video properly before entering buys. If confirmations are not met, just let Gold melt towards 1570🤌 Drop a follow if you agree with my bias & to keep up with all the latest analysis✅
OANDA:XAUUSDLong
by BA_Investments
Levels discussed during the webinar 26th April 26th April DXY downside to 101.20 NZDUSD: sell 0.6165 SL 30 TP 40 AUDUSD: sell below 0.6615 SL 25 TP 45 USDJPY: watch for reaction at 133 support, sell down to 132.15 if support broken GBPUSD: sell below 1.2490 SL 30 TP 90 EURUSD: wait for possible reaction at 1.1075 USDCHF: choppy, could climb to 0.8954 USDCAD: buy 1.3660 SL 30 TP 70 GBPJPY: look for reaction at 166.60 (buy/sell potential) EURJPY: buy 147.60 SL 20 TP 80 GOLD: needs to close above 2002 to climb to 2013
TVC:DXY
by JinDao_Tai
Wheat ZW1!Mapping for wheat! Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!Mapping for wheat!
CBOT:ZW1!Short
by LeHoang68
1
💋Last KISS💋 of 🥇Gold🥇 to the lost 🟢Support zone🟢Gold was able to break the 🟢 support zone($ 1990.6- $ 1961.7) 🟢 by a red long-body candle and huge volume( Breakout Candle 🔨). If we look at the gold chart in the 15-minute time frame from the theory of Elliott waves, we will find that wave 4 returning to the support zone plays the role of a pullback(💋Last Kiss💋). Another sign that we can confirm the end of wave 4 is the formation of the Head and Shoulders pattern in the 5-minute time frame (for better clarity, of course). 🔔I expect wave 5 to end near the support line. If you want to have a better view of this analysis, I suggest you take a look at the following post.👇 Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
31
🥇Gold🥇is playing the Yo-Yo game (Falling this time)🪀Gold seems to be playing 🪀yo-yo🪀, and this time it is its turn to go down. Gold is running near the resistance line and 🔴resistance zone($ 2015- $ 2012)🔴. If we look at Gold from the theory of Elliott waves , we can understand that Gold finished the last Zigzag wave (C) near the 🔴resistance zone($ 2015- $ 2012)🔴. I expect gold to at least fall to the 🟢support zone($ 1990.6- $ 1961.7)🟢. Gold Analyze ( XAUUSD ), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
44
🥇Gold🥇has completed the pullback and is ready to FALL again❗️As I expected in the previous post, Gold executed the Expanding Ending Diagonal pattern well and managed to break the lower line of this pattern and the uptrend line. Gold has now completed a pullback to lines with wave 4. I expect wave 5 to end at the 🟢support zone($ 1990.6- $ 1961.7)🟢 or support line. Gold Analyze ( XAUUSD ), 30-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
22
🥇Gold🥇 fall by Expanding Ending Diagonal👇Gold was able to make expanding ending diagonal. When the 🟢support zone($ 2034.12-$ 2029.68)🟢 is broken by Gold, we can confirm the pattern and wait for Gold to fall to the 🟢next support zone($ 2003.6-$ 1999.2) 🟢. Gold Analyze ( XAUUSD ), 30-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
9