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Commoditysignals

WTI OIL should avoid this fractal at all costs.I don't call it Fractal of Doom for nothing. As you see WTI Oil hit the 2 year Resistance trend-line (red zone) that was first created on the April 23, 2019 High, and got strongly rejected on March 08, 2021. This is a Triple Top (counting the Jan 08, 2020 almost hit). A common characteristic of all three rejections is that after the initial drop, the price consolidated (orange rectangle) around on the 1D MA50 (blue trend-line). On the first 2 occasions, a bigger fall took place after this consolidation. Will it happen again this time? It is worth pointing out also the important of the 50.00 - 51.00 zone (blue) as a long-term Support. It didn't only hold from January 2019 to January 2020 (broke due to the COVID pandemic) but also on January 2021. If the bigger fractal fall comes after the current consolidation, will that (blue) Support Zone hold again and cause another lengthy sideways period between this and the (red) Resistance? I am really interested to read your opinions on it. P.S. See the RSI similarities ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
1
GOLD The peculiar 4H MA50/100 Cross divergenceToday Gold is on a strong rebound as it held the 1675.50 Support made from the March 08 Low. But the reason for this short post is to bring forward the counter signal that the MA50/ 100 Cross give on the 4H time-frame. As you see on the chart since January 14 the MA50 (blue trend-line) and the MA100 (green trend-line) on the 4H time-frame have crossed paths 4 times: * On Jan 14 we had a Death Cross, which is theoretically bearish but 6 days later the price ended higher instead making a Higher High. * On Jan 24 we had a Golden Cross, which is theoretically bullish but 6 days later the price ended lower instead making a Lower Low. * On March 19 we had a Golden Cross, but again 11 days later the price ended lower instead making a Lower Low. * Today (March 31) we had a Death Cross, but again the price is on a strong rise. Will that make a Higher High and if so will it be below the 1755.50 Resistance? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
10
GOLD aims at $1850. Similarities with December 2020.This is a fractal comparison on XAUUSD between the current sequence and that of December 2020. At the moment Gold is trading on top of the 4H MA100 (green trend-line) using it as a Support and around the 4H MA50 (blue trend-line) using it as a Pivot. It still hasn't broken above neither the Symmetrical Pressure level (former Support, currently Resistance) of 1760 or the 4H MA200 (orange trend-line). Technically once those break, the trend switches from neutral to bullish. Almost the same sequence was seen back in December. After the market Bottom of Nov 30, Gold rose and after it broke the 4H MA100, a Bullish Cross followed (4H MA50 crossing above the 4H MA100). The difference is that the 4H MA200 got hit then (and the Symmetrical Pressure level broke) before the Bullish Cross, whilst today it hasn't. Then the 4H MA100 held as Support and the price rose aggressively to complete a +11% rise in total. Another common characteristic of the two fractals that stands out is the fact that both made a Bottom at around -4.60% from the Symmetrical Pressure level. The January 06, 2021 High was roughly over the 1.382 Fibonacci extension. If approximately the same price action is followed, then Gold can top anywhere within 1860-1870, so it makes sense to have a bullish target slightly below (1850). That would still be below the Lower Highs trend-line that started on the August 06 2020 market Top, which until it breaks, we can't confirm a long-term bullish reversal. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> jsunde73 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
4
WTI OIL Rebound on the 1D MA50Pattern: Fibonacci Channel on 4H. Signal: Buy as the price hit the 1D MA50 (green dotted line) and rebounded while the 4H MACD made a Bullish Cross. Target: 69.00 (the 2.0 Fib extension) and 72.00 (the 2.5 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> jsunde73 --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
6
XAUUSD Bullish momentum on MA break-outPattern: Channel Up on 4H. Signal: Buy as the emergence of this Channel happened while the 4H MA100 (green trend-line) broke for the first time since February 11. Target: The 1760 Symmetrical Pressure level (former Support, current Resistance) and if you seek more risk, the 4H MA200 (orange trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
6
NATURAL GAS Buy SignalPattern: Triangle on 1D. Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone. Target: 3.140 (the 1.618 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
NYMEX:NG1!Long
by TradingShot
7
XAGUSD Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price rebounded at the bottom (Higher Lows trend-line) of the Channel and a Bullish Cross is emerging on the 1D MACD. Target: 29.600 (the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
7
WTI OIL Buy SignalPattern: Fibonacci Channel on 4H. Signal: Buy as the price just hit the 4H MA50 (blue trend-line). The region within the 4H MA50 and 4H MA100 (green trend-line) has been the most optimal buy level since November. Also the RSI is very close to its Support Zone. Target: 69.00 (just below the 2.5 Fibonacci extension) and 72.00 (just below the 3.0 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
4
GOLD Has it bottomed?The answer to this is not easy but at least on the short-term it appears it has. An early warning signal was the RSI Bullish Divergence as I mentioned on the March 04 idea shown below: The biggest development is that Gold made its first Higher High today since February 23. It also broke the more recent March 01 Lower Highs trend-line. However it has just met its biggest obstacle, a patter that is holding since January 20. That is the 4H MA50 (blue trend-line). As you see since that date, every time the price met the 4H MA50 after a new Low, it marginally broke above it, consolidated and then broke down below only to make a new Low. See how the RSI Resistance (65.000) has always marked the peak/ rejection point. So on the medium-term we don't yet have a clear signal to buy. That should only come if the 1760 level breaks. Why is that so important? Because it is a Symmetrical Pressure level as it has been the Support since November 30, which on March 01 turned into a Resistance. On the long-term though the picture is clearer as I've mentioned on my February 27 idea: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
11
WTI OIL pull-back needed for next Higher HighPattern: Bullish megaphone on 4H. Signal: Buy once the price touches the 4H MA100 (green trend-line) again. Target: $69.00 (right below the 2.5 Fibonacci extension and on the Higher Highs trend-line of the Megaphone). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Cryptorphic --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
1
XAUUSD The RSI's rare Bullish DivergenceDespite Gold's recent and continuous downfall, there is a unique technical occurrence that I spotted and have to bring forward for short-term consideration. As you see on the chart, since November 24, 2020, every time XAUUSD's price is on Lower Highs (red), while the RSI is on Higher Lows (green), i.e. a Bullish Divergence, the price makes a bottom and rebounds. Since January 15, 2021 in particular, that rebound (after the RSI's Bullish Divergence) has always topped above the 4H MA50 (blue trend-line) on what is a Lower Highs Zone (red zone). This is on a short-term horizon, for your consideration only. Do not lose track of the bigger time-frames as shown below: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Crybster --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
5
SILVER Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price is testing the 1D MA50 (blue trend-line) which is providing Support since December 15, 2020. Target: 29.900 (August's Resistance) and if you are seeking more risk, then 31.500 (the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> alanmasters --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
14
GOLD Is the selling over?Today Gold hit the June 19, 2020 low after a very aggressive 2-day selling sequence. The dominant pattern since the August Highs (All Time Highs to be more exact), is a Channel Down and to better illustrate it I have used the Fibonacci Channel. As you see most of the price action since the All Time High (ATH) is concentrated within the 0.786 and 0.236 Fibonacci levels (blue zone). That is the High Volatility zone. The price only broke outside the Channel two times during these 7 months, once on August 12, 2020 to test the -0.236 Fib extension and on January 06, 2021 to test the 1.382 Fib extension. So we can say that this pattern has been impressively consistent for such a long period of time. However this is the first time that the Channel Down has entered the Major long-term Support Cluster (green zone). That is basically the consolidation phase roughly within April 15 to June 15, 2020, which was when the market was undecided following March's first stimulus package and was looking for direction. So ahead of the new stimulus vote, can this Cluster offer the Support and buying pressure that the market needs once again? It is possible but will it be on the (current) top layer or the lower one (1670 - 1680). At the same time the 1D RSI just hit its multi-year Support level. Every-time this level has been hit, Gold made a strong rise. Within the Channel Down in particular, the rise normally hits the 1D MA50 (blue trend-line). That typically happens to be at least on the 0.5 Fibonacci retracement from the previous Lower High. So if today was the new Bottom, then the potential rebound should technically hit anywhere within 1815 - 1835. And if the stimulus gets voted, then the Major Support Cluster may offer the necessary demand to break the Channel Down upwards and reverse this 7 month bearish trend. What do you think? Is the selling over for Gold? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> SocialCryptopreneur --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
14
XAUUSD a Channel Down perspectivePattern: Channel Down on 1D. Signal: Buy is the current 1D candle makes a green closing as the price is on the Lower Lows trend-line and every bounce on the line within the Channel that closed on a green 1D candle, initiated the bullish leg towards the Lower Highs trend-line. 1,765 also happens to be the Support since November 30th and the 1D RSI is also currently on the multi-year Support Zone. Target: 1830-1835 (the Lower Highs zone). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
6
XAUUSD a complete medium-term overview.Gold hasn't been acting itself lately as it has stayed too low for too long. The reason fundamentally is obvious. Following Pfizer's vaccine announcement, the medium-term Gold buyers came to a realization that the extreme gains of 2020 have (temporarily) come to an end and the only catalyst that can push the market again is the U.S. stimulus package. That has been delayed considerably, and even though it is very likely to have an agreement before February is offer, it is useful to see Gold's medium-term price action. As seen on the chart, the underlying pattern is a Triangle, even though there is a clear horizontal Resistance since November 09 at 1966 and a clear horizontal Support since November 30 at 1765. * Within the Triangle, the Lower Highs (Sell) Zone is displayed by the red range, while th Higher Lows (Buy) Zone by the green. * The 4H MA200 (orange trend-line) has been rejecting further upside attempts outside the Triangle since January 12. So we've basically completed a full-month of practically dead neutral price action in anticipation of the new economic rescue package to offset COVID's disaster. * If the price breaks above the Red Zone and the Triangle, then the obvious Target is the 1,960 - 1,966 Resistance. So far we've seen this happen twice and surprisingly the High is quite symmetrical. As you see on the chart the distance between each High since the Triangle started is on average 55 days. If this sequence holds, and Gold breaks above the Triangle, we may test the 1960 - 1966 Resistance in the first days of March. * Breaking below the 1765 Support, will most likely mean a 1W candle close below the 1W MA50 (the +2 year Support of Gold, the importance of which I've covered extensively in previous analyses), meaning that the long-term trend switches to bearish. * Breaking above the 1966 Resistance restores the medium-term bullish sentiment and we should see new All Time Highs within two months from the break-out. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoShower --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
14
WTI OIL First buyers on the 4H MA50Pattern: Channel Up and Bullish Megaphone on 4H. Signal: Bullish once the price makes contact with the 4H MA50 (strong buy accumulation level since November). Target: 60.00 (top of the Channel Up), if seeking more risk aim at 62.50 (top of the Megaphone and 2.0 Fibonacci extension, which indicates the Higher High since November). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
2
XAUUSD Buy SignalPattern: Rebound on the 4H RSI Support, and MACD Bullish Cross. Signal: Buy as the price seems to be repeating the early December 2020 fractal, as it made its first stop on the 4H MA50 (blue trend-line). Target: 1,865 (the 4H MA200) and 1,960 (the Monthly Resistance) in extension. Recent Gold idea on the importance of the 1W MA50 on this Cyclical Bullish Trend: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> ProjectSyndicate --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
2
GOLD is at the start of a decade long Bull CycleGold has seen a rather strong selling pressure in recent weeks mainly due to the USD's strength and the continuous rise of the bond market, especially at the beginning of this year. Today's sharp drop after the Initial Jobless Claims put on a stronger risk-on sentiment on the stock markets, only made the short-term picture worse making Gold buyers panic. Tomorrow's Nonfarm Payrolls report may bring even more volatility to the table. However I think it would be useful at this point to zoom out to the long-term charts and on the 1W time-frame in particular and compare Gold's current Bull Cycle to the one in the 2000s. As you see the bullish trend remains intact and in fact we are at the very beginning of the new 2020s Bull Cycle. In the 2000s, the 1W MA50 (blue trend-line) has been supporting non-stop for more than 6 years before it broke. There have been some marginal breaches on the 1W MA50 but always quickly recovered on the next weeks. So far on the current Bull Cycle, the 1W MA50 has been supporting for two years and two times Gold has made contact with it. Today we've had a marginal breach but if this week and the next close above it, then as in the 2000s, the bullish trend will remain intact. On top of that, the LMACD has entered the Support Zone which in the 2000s Bull Cycle always initiated a strong rally. Do long-term buyers need to step in based on this comparison? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
8
WTI OIL Wait for a 4H MA50 test before enteringPattern: Channel Up & Bullish Megaphone on 4H. Signal: Buy once contact is made again with the 4H MA50 (blue trend-line). Target: 60.00 (top of the Channel). Most recent WTI idea: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
WTI OIL Buy SignalPattern: Bullish Megaphone on 4H. Signal: Buy if the 53.90 Resistanct breaks, as the 4H MACD and RSI is repeating the December 02 - 10 bottom fractal. Target: 56.00 (the 2.0 Fibonacci extension, which has been holding since late November). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> michaelzerna --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot