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Commoditysignals

GOLD hit the 1D MA50! Attention needed!Gold touched the 1D MA50 (blue trend-line) for the first time since November 09. The current since November 30, is a direct consequence of the price reaching and rebounding on the 1W MA50, as I forecasted then on the following study: Back to the 1D MA50. Why is it so important? Because if we exclude the strong rise above it and subsequent sharp fall of November 05 - 09 (which was a direct correlation to the U.S. elections/ Prizer announcement), every time Gold hit the 1D MA50 (since September 21) it got rejected. It goes without saying then that this is the level to break, if we want to extend the December rally, and preferably I want to see this break without being supported by outside fundamentals. The trend will be more sustainable if based on pure technicals and long-term buying sentiment. If however the 1D MA50 gets rejected again, XAUUSD may form another Triangle (within the wider Channel Down pattern). However due to the 1W MA50 rebound, I find this unlikely and I have to give more probabilities to the upside (and break of the 1D MA50). As the following chart (on the 1W time-frame) shows, last time the 1W MA50 held, the price topped on the 1.236 Fibonacci extension on a +21% rise. A similar rise will put Gold at $2140 in the near future. On top of that, on the 1D time-frame, we have the strongest RSI rise since March (which was the recovery after the COVID collapse based on the stimulus package). Similarly, the 1D MACD is having the strongest Bullish Cross since March. What do you think? Are you buying Gold for the long-term already? ** 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 -------------------------------------------------------------------------------------------------------- Similar Gold multi-timeframe analysis:
FX_IDC:XAUUSD
by TradingShot
8
WTI OIL Buy SignalPattern: Ascending Channel on 4H. Signal: Buy as the price just hit again the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence). MACD repeating the Nov 16-22 consolidation pattern. Target: 48.00 (just below the 0.382 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 ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
3
NATURAL GAS Hit the 4 month Support. Conditions for a rebound.NG almost made contact with the 2.440 level today, which has been the major Support since August 21. So far we have 3 perfect touches on the Support, which alone creates the conditions for a strong rebound. A closer look on the 1D time-frame shows that this pattern resembles the March - June 2020 sequence, when NG also made 3 hits on the Monthly Support. As with now, the price was also coming at that time from a 1D MA50 rejection (turned into a Resistance after previously being a Support). Once the 1D MA50 broke and after a final pull-back, the very aggressive rally of August - October took place. The RSI patterns are also similar. I am carefully buying now and after the MA50 breaks, I will add on the next available pull-back the remaining of my position. The long-term target is 3.400. P.S. It is always helpful to keep a longer-term perspective, having in mind NG's multi-year Cycles within the Channel Down, 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 ==> TradingView --------------------------------------------------------------------------------------------------------
NLong
by TradingShot
1
XAUUUSD Why testing the 4H MA50 as Support is important!This is a quick update on Gold. The price broke above the 4H MA50 with relative ease and this bullish leg (since November 30) resembles the sequence of October 29 - November 09. That wave, after a pull back to its 0.5 Fibonacci retracement level and the 4H MA50, it found Support and rebounded to the -0.786 Fibonacci extension. That extension is at 1905 but I believe we should first keep our eyes on the 4H MA200, which shows a projected contact just above 1860. Why the 4H MA200 is important? Because it last rejected the price on November 15 and excluding the November 04 - 09 rise, which was caused by the U.S. elections, every time since September 03 Gold touched or marginally broke the 4H MA200, it got rejected. As a sidenote, see why those sequences are similar even on the 1H time-frame with the formation of the Golden Cross: ** 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:XAUUSD
by TradingShot
2
XAUUSD Still bullish but hit the 4H MA50. Short-term scenarios.Yesterday I posted a long-term projection on Gold, which had to do with the importance of holding the 1W MA50. And so far buyers have defended this long-term Support: Today's rise has been strong, indicating a powerful buying accumulation but that doesn't mean that shorter-term traders shouldn't be on their toes. The reason is that the price is about to hit the 4H MA50 (blue trend-line on your chart). That is a very important level as (as shown on the chart), it has been the Resistance since the November 09 "Pfizer fall". In fact it had rejected the price multiple times from November 13 to 23. There are strong indications that this time the 4H MA50 can break, as the RSI has broken above both Resistances (its Lower Highs and its Resistance) and the MACD is on the strongest rise in the past 2 months. So if the 4H MA50 breaks, traders still need to keep a low short-term target as the 4H pattern could be a Channel Down (see how harmonically the middle of the Channel divides the trading zones). And that Channel has a potential Lower High around $1855. After that we need to wait and see how the price will react near the 4H MA200 (orange trend-line), which if broken basically starts the 2nd (and more aggressive) Bull Phase on a 1D time-frame. ** 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
5
GOLD Will the 1W MA50 hold? Is so we may see $2200 by early 2021This is Gold on the very accurate (used it successfully on Bitcoin) +0.786 interval Fibonacci Channel, a tool which excels at catching parabolic price movements on various assets. I have introduced this pattern on my last Gold analysis. As you see 1.786 and 3.786 have remarkably caught the 2 out of th 3 highs so far. Maybe this is the best buy opportunity for another 3.786 Fib test or even a new High on the 4.786 Fib if we continue rising parabolically! I say maybe because Gold's biggest bet right now is holding the 1W MA50 (blue trend-line). As you see, this is a 2 year supporting trend-line. It has worked as a rebound level (buy accumulation point) since December 2018, which was when Gold broke out of its previous long-term bearish (7 year) trend and into the current (2 year) bullish trend. It goes without saying that fundamentals such as the U.S./ Chine trade wars and the COVID stimulus rescue package have accelerated this move, but so far the technical chart shows us that the 1W MA50 is the strongest defense for long-term investors. Also see the RSI. Since May 2019 it is trading within a Channel Down and right now it has reached the bottom of this Channel. Technically the price should rebound towards the top of the Channel next. So like I mentioned above, a re-test of the 3.786 Fibonacci extension trend-line is very likely next. Every Higher High on this Fib Channel has come roughly either 190 days or 150 days after the previous. Assuming it takes again the longer path (28 weeks = 196 days), Gold may test the 3.786 Fib in February 2021! And that price projection shows roughly $2200! With current data this of course seems too high too soon but of course we have a lot of fundamentals to consider early in 2021 (new stimulus package, COVID progression etc). More than projecting the next High, the goal of this study is to display the importance for Gold of holding the 1W MA50. So do you think it will hold? 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 ==> TradingView -------------------------------------------------------------------------------------------------------- ** As BONUS MATERIAL , consider the parabolic move getting even more aggressive into a new Fibonacci Channel as shown below!
FX_IDC:XAUUSDLong
by TradingShot
8
GOLD hit the 1DMA200! Why we should start opening long positionsGold did it again and broke an important Support in 1,845. That led to the price making contact with the 1D MA200 (orange trend-line on the left chart) for the first time since the March COVID global asset meltdown, when the stimulus rescue packages since the event led it to news All Time Highs. That (March) was the only time the 1D MA200 broke (marginally as in 1 week it recovered) since Gold recovered the long-term trend-line back in December 2018. The right chart shows Gold on the 1W time-frame. The purpose of this is to show how the 1W MA50 (blue trend-line) has been supporting this uptrend since December 2018 and got only touched once (March 2020). That is now at 1,755, a good benchmark up to which I believe is a good opportunity to start building up long-term buys. The RSI has touched its Lower Highs supporting line. I have also applied the very accurate (been using it successfully on Bitcoin and other assets that are rising parabolically) +0.786 interval Fibonacci Channel. As you see 1.786 and 3.786 have remarkably caught the 2 out of th 3 highs so far. Maybe this is the best buy opportunity for another 3.786 Fib test or even a new High on the 4.786 Fib if we continue rising parabolically! Do you agree that long-term traders/ investors should treat this as a buy opportunity? ** 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 ==> johnmcal3 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
9
WTI OIL Trading PlanPattern: Channel Up on 4H. Signal: (A) Buy as long as the 4H MA50 is supporting, (B) Sell if it breaks. Target: (A) 43.40 (September 01 High), (B) 40.20 (just above the 4H MA200). ** 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 ==> johnmcal3 --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
2
XAUUSD Buy SignalPattern: Double Bottom on 4H. Signal: Buy as the price crossed above the 4H MA50 for the first time since November 09, while the MACD made a Bullish Cross. Target: 1895 (4H MA200) on the short-term. ** 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 ==> johnmcal3 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
4
XAGUSD (SILVER) Trading planPattern: Channel Up on 4H. Signal: Buy either after the 25.070 Resistance breaks or near the 23.160 Support. Target: 26.000 (inner Higher Highs 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 ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSD
by TradingShot
2
GOLD Buy SignalPattern: Double Bottom on 4H. Signal: Buy as the price is posting a similar Double Bottom as the late September sequence. The MACD is about to make a Bullish Cross. Target: 1915 (below the 0.618 Fibonacci) and 1930 (below the 0.786 Fibonacci). ** 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 ==> seba26-77 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
3
OIL made 2 month highs! What is the ceiling for the market?WTI Oil broke above the 2 month Resistance zone of 41.50 - 41.90 and is fast approaching the 43.80 High of August 26 (chart on the left). Needless to say, it broke above the bearish channel and reached the 43.00 Target as I discussed two days ago on the idea below: How far can this go for the short-term? As the left chart shows (4H time-frame), the MACD hasn't yet rolled over (as it did on September 20), so the uptrend can extend a little further on the short-term before buyers book profits and cause a minor pull-back. On the long-term though we have to look at the 1D time-frame (right chart), which shows an interesting development. The sequence since the November 02 low, is similar to the one following the late April bottom. The MACD pattenrs are identical. I don't need to remind you that it was the rescue package along with OPEC's production cuts that supported this insane recovery rally back then. This week we had the very encouraging vaccine news. Can Oil start a similar rally based on such positive news? Is $47 again a realistic number? 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 ==> seba26-77 --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
2
GOLD The 2 year pattern shows a buy opportunityGold is having the worst day since August 11 as the vaccine news are making capital that was 'parked' on the safe haven of Gold during this pandemic, flee to riskier assets (stocks). We have almost reached the late September Support. A very interesting 2 year pattern shows however that this behavior isn't that odd, as every Channel Down on the 1D time-frame since February 2019, held the Support that was made when then MACD had already rolled over, and then initiated a very aggressive rally. With the one exception of course of the early March 2020 global asset melt-down due to COVID. If we are not on a similar event, then the September Support should hold. Otherwise buyers can get one last buy opportunity on the 1D MA200 (orange trend-line). What do you think it's going to be? Most recent trade on 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 ==> TradingSafely --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
8
WTI OIL high chances to break its bearish channelPattern: Channel Down on 4H. Signal: Buy if the Lower Highs trend-line of the Channel Down breaks (practically if the 0.786 Fib breaks), as this time the price broke the 4H MA200 (as opposed to September 18) while the MACD is on a Bullish Cross. Target: 43.00 (the 0.918 Fib, last Resistance before a full recovery). Most recent WTI OIL signal: ** 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 ==> TradingSafely --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
Will MCX Crude Palm Oil touch the 900?Currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25) , and +DI is above the -DI . Let's have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 - 920 - 960+ . Right now, the trend is crossing the parallel channel. If it is excess, then Crude Palm Oil will start to fall to the following targets 836 - 810 . It can be said by following the parallel channel.
C
by freestocktips
GOLD Is it time to break above its 2 month Triangle?The 2 month pattern on Gold (XAUUSD) is a consolidation within a Triangle formation. The chart on the left side clearly shows the Lower Highs trend-line to break. There are high chances to do so as the DXY is declining while the stock market is recovering. The immediate intra day target would be the 1,933 Resistance. If that breaks to I expect 1,975 within a week. The chart on the right side is on the 1D time-frame and shows clearly how the 1D MA50 (blue trend-line) has been applying selling pressure for more than a month. Another rejection there can be catastrophic for Gold as typically in such cases the market loses confidence and the 1D MA200 (orange trend-line) is tested. So keep an eye on that too. ** 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 ==> didogetsov --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
7
WTI OIL Buy SignalPattern: Channel Down on 4H. Signal: Buy as the current bearish leg is forming a sequence similar to the September 01 - 14 leg = Death Cross, followed by a Triangle bottom. The signal is invalidated if the Channel breaks the Lower Low trend-line. Target: The 4H MA200. 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 ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
3
XAUUSD Head & Shoulders scalping opportunityPattern: Channel Up into Head & Shoulders on the 4H chart. Signal: Sideways within the Right Shoulder. Target: Range within 1895 - 1911. ** 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:XAUUSD
by TradingShot
OIL Trading PlanPattern: Channel Up on 4H (inner/ blue and outer/ black lines). Signal: (A) Buy as long as the 4H MA200 is holding, (B) Sell if the 4H MA200 breaks. Target: (A) 42.00 (just under the Higher High trend-lines of both Channels), (B) 37.50 (just above the Higher Low trend-line of the inner (blue) Channel Up). Most recent Oil trade: ** 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
2
GOLD testing the 1D MA50. We need a cross to confirm bullish conSimple MA approach here. Since the early 2019, Gold reproduces the same pattern: Channel Down on the 1D chart, which break to the upside 1 month after the 1D MA100 (green line) breaks above the 1D MA50 (blue line). In the meantime the RSI is consolidating within 35.000 - 60.000. So what does this mean for now? Well Gold is currently testing the 1D MA50 but the MA100/MA50 hasn't happened yet. A closing above the 1D MA50 doesn't confirm the bullish continuation, the cross does, so I am in no rush to add to my Gold portfolio. Unless the previous Lower High of the Channel Down is crossed (1975). Where will you buy? 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 ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
3
Gold Bullish Sentiment Personality, I feel that we have met the GOLD bottom for the year. Possibly forever. Well, my $1830 target 🎯 missed by $12, but that's OK. So, why do I think the bottom is in the past? Dollar Devaluation The US Fed has devalued the dollar through a number of tools. This has and will have an effect on the equity & commodity markets. See, when the dollar is weak, the equity markets will rally - this has an implication that there will be no stock market crash any time soon. How the FED actions affect the market - -> In addition to this, as long as the equity markets rally and DXY remains weak Gold, silver, lumber, and agricultural futures will rally. Dollar Devaluation impact - - > Gold & Silver as a store for value. It's no secret that the DXY currently isn't the best for storing value as a reserve currency. Near-term bonds & yields are also at record low levels hence making it unattractive for hedge funds to stick to the traditional 60:40 portfolio allocation models as central banks are already flirting with the possibility of negative interest rates. So, what can they use as a store for value? [* Mining If you follow gold mining, you already know that there has been no gold discovery recently. This translated to basic demand-supply economics means that the price might shoot up. See, gold demand is going to rise in 2021. Last month's delivery of gold from futures was high and this is going to rapidly rise as we approach the December deadline for the GC1! continuous futures. You could also trade the VANECK gold miners ETF for a nice highly correlated compounding trade. CFTC COT WEEKLY DATA Hedge funds remaining bullish with record high net positions seen from last week's report with 323k long positions open. On the other hand, we are in volatile times, therefore, be careful. We are not yet out of the woods. Price is currently testing a breakout from a descending wedge. If it successfully stays above the $1912 support level, it's safe to assume that $1960 and $2000 are the next targets. If you agree with the idea, like or leave a comment below 👍🏿 👍🏿
FX_IDC:XAUUSDLong
by GrizzlyBearBee