PALLADIUM BUY LIMIT TRADE SETI think we will see a sharp drop in precious metals in the coming weeks, and I will be looking for opportunities to build my long position for the long-haul.
Comodities
P2P | DXY PredictionWhats up guys and gals, thank you for tapping in with another icy DXY prediction. Not sure how long I will keep the idea of this mark up due to the fact that we have entered Q2... Let's see what we get!
Keeping it simple, I seen price action:
1. Support above old highs
2. Bullish imbalance
3. FVG on daily timeframe
4. Direction of momentum
Some simple yet effective confirmations I use in my analysis. These past few weeks have been crushing it so shoutout to yall for sticking with me!
See you in the next clip of education and analysis. Trade well, stay healthy, and let 2023 be the beginning of it all for you!
Wheat about to go places again . 1200 is coming up44 cents is around the corner , i think wheat this year will hit 1200.
InvestMate|USOIL However, declines🛢️🛢️USOIL However, declines
🛢️After breaking through a strong support zone which has turned into a resistance zone, all indications are that we are heading towards the support zone marked on the chart.
🛢️The resistance zone above us was determined by a cluster of two fibo levels. The first is 0.382 of the entire upward wave from the bottom of the covid to the peak of 2022. The second level is 0.5 of the entire upward wave from the bottom of 1986 to the peak of 2008.
🛢️The support zone was determined by a cluster of two fibo levels. The first is the 0.5 level of the entire upward wave from the bottom of the covid to the peak of 2022. The second is the 0.618 level from the bottom of 1986 to the peak of 2008.
🛢️This is where I expect the price to arrive.
🛢️The scenario I'm playing out is a continuation of the decline to the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|Gold Will Defend Support Zone?🥇🥇Gold Will Defend Support Zone?
🥇All eyes on gold are currently on two key support zones.
🥇It is on these that we depend whether we continue the uptrend or fall into a sideways trend.
🥇The first support zone we are currently on is the zone determined by the fibo level of 0.236 of the entire upward wave from the September bottom to the current peak.
🥇The second support zone below is much stronger and is based on a cluster of three levels. The first is the 0.382 level of the entire upward wave from the September bottom to the current peak. The second was determined by the 0.236 level of the entire downward wave from the 2020 peak to the 2021 bottom. The third level is the 0.786 level of the entire downward wave from the 2011 peak to the 2015 bottom.
🥇Future scenarios only depend on the defence of these two support zones. I encourage you to watch gold and wait for a strong breakout from either of these zones.
🥇I determined the resistance zone based on two levels. The first is the recent peak. The second is the 0.886 level of the entire downward wave from the 2011 peak to the 2015 bottom.
🥇The scenario I am playing out is to wait for gold to decide from which zone it will start to continue its uptrend.
🥇 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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InvestMate|USOIL A new wave of growth?🛢️🛢️USOIL A new wave of growth?
🛢️Are we getting ready for a new wave of growth?
🛢️Everything looks like it.
🛢️Looking after the breakout of the new low and the sharp buying reaction I am leaning more and more towards an upward scenario.
🛢️We are back and currently at a very strong support zone defined by a cluster of two strong fibo levels. The first is the 0.382 level of the entire upward wave from the covid bottom to the 2022 peak. The second level is the 0.5 level of the entire upward wave from the 1986 bottom to the 2008 peak.
🛢️As you can see, the price has found support at this point many times.
🛢️Nearest significant resistance zone is around the 0.618 level of the entire downward wave from the 2008 peak to the covid bottom.
🛢️It seems very likely to me that the price will return to this area.
🛢️The scenario I am playing out is a continuation of growth from the support level to the vicinity of the resistance zones, where I will be watching closely to see how the price reacts. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🛢️ *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|Gold Halfway done🥇🥇Gold Halfway done
🥇As I wrote in my last post about likely rises, I didn't have to wait long for confirmation.
🥇This time I come to you with an update of my scenario.
🥇Classically the resistance zone remains unchanged it is a cluster of fibo levels. The first is 0.5 of the entire downward wave from the 2022 peak to the September bottom. The second level is 0.236 of the entire upward wave from the 2015 bottom to the 2020 top. the third is 0.886 of the entire downward wave from the 2011 top to the 2015 bottom.
🥇The support zone we move to the level of 0.382 of the entire downward wave from the peak 2022 to the bottom in September.
🥇The scenario I am playing out is a continuation of the upside to the resistance levels where I will watch to see how the price reacts. There may be some correction there but I will continue to look for opportunities for further upside. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|Gold all as planned🥇🥇Gold all as planned.
🥇An update of my scenario on gold.
🥇That's how I last wrote about the upcoming correction in previous posts. Link below:
🥇As you can see the declines have arrived and it's time to zoom in again on the nearest support and resistance zones which I think will play a key role in the coming days.
🥇Starting from the support zone determined by the very strong fibo level of 0.786 of the entire downward wave from the 2011 peak to the 2015 bottom.
🥇The resistance zone ahead is determined by a strong cluster of two levels. The first is the 0.886 level of the entire downward wave from the 2011 peak to the 2015 bottom and the second level is the 0.236 level of the entire upward wave from the 2015 bottom to the 2020 peak.
🥇As you can see there are a lot of interesting trading sessions ahead, I am really curious to see if gold will find the support zone that I have set.
🥇The scenario I am playing out is a continuation of the upside after a strong bounce from the support zone with the target direction set by the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥇 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Financial Wave. CLOur preferable scenario changed after the price of CL went below $76.20. To complete the downward movement, the price may drop below $70. A rise above $79 will resume the upward move and cancel our view.
InvestMate|Natgas gaining momentum🔥🔥Natgas is gaining momentum.
🔥In the current post I would like to give you an overview of my current upward scenario on Natural gas.
🔥As you can see, for a good few weeks the price of natgas has started to rise again.
🔥Big upward impulses are preceded by small corrections.
🔥The level I intend to see is around 8.2
🔥The price level stems from a resistance zone that I determined based on a cluster of two fibo measures.
The first is the 1.618 level of the largest downward correction. The second is the 0.618 level of the entire downward wave from peak to bottom.
🔥This combination of fibo levels is highly effective I am very curious to see how the market will react to it in the coming days.
🔥You can see that as recently the price just approached this level there was immediately a sellers reaction.
🔥I determined the support zone based on the last peak and it has been a place in the past where the price has reacted many times.
🔥The scenario I am playing out is a continuation of the upside, taking into account smaller corrections along the way.
🔥 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
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InvestMate|GOLD Time to make a profit🥇🥇GOLD time to make a profit
🥇Post is a continuation of my post on gold in which I announced a correction:
🥇This time it is time for an update and in my opinion we will continue the decline.
🥇I set the support zone by the 0.382 level of the whole upward wave.
🥇I determined the resistance zone based on past price reactions.
🥇There are 2 scenarios that can play out in this case.
🥇1. Continuation of the decline to the support zone
🥇2. Waiting for a retest of the resistance zone and joining the declines to the support zone at this point
🥇*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
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InvestMate|GOLD, Will continue the trend🥇🥇GOLD, Will continue the trend
🥇Looking at the current situation and the fundamental environment, it seems to me that the continuation of the uptrend scenario is very likely.
🥇Looking at the fact that we have broken out of the downtrend channel it doesn't even look like we are going to test its edge, this only confirms me in my uptrend scenario.
🥇We are currently approaching a significant resistance zone defined by the 0.618 level of the entire downward correction of the upward wave.
🥇It seems to me that this zone is capable of holding the price for some time.
🥇There is a strong support zone below us at around 1720, set by the fibo level 0.236 of the entire downward wave from ath.
🥇Looking at the recent bounce from the support zone, the current interest in gold and the gradual weakening of the dollar. I don't think that support will be broken through in the near future.
🥇The target where I see gold over the next weeks is the resistance zone determined by the fibo level of 1.618 of the entire downward correction. At the 1,820 level there has been a repeated battle between buyers and sellers so I see this zone as crucial.
🥇The scenario I'm playing out is a continuation of the upward movement of the gold price, taking into account the possibility of corrections along the way
🥇*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
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InvestMate|USOIL Attention we are falling!🛢️🛢️USOIL Attention we are falling!
🛢️ So we are falling after all.
🛢️I took this scenario into consideration looking at the length of the current trend. But I thought that a correction at the double bottom could occur.
🛢️This time I will give you my downward scenario for usoil.
🛢️The support zone to which the price could go is a cluster of two levels. 1.272 of the last upward correction and the 0.886 level of the entire upward wave visible on the chart.
🛢️I determined the resistance zone based on the 0.618 level of the last upward correction and this was the zone where the price found resistance and support in the past.
🛢️The scenario I am playing out is a continuation of declines to the support zone with consideration of smaller corrections along the way
🛢️*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|USOIL A powerful buyout🛢️🛢️USOIL A powerful buyout.
🛢️This time I come to you with a real gem.
🛢️OPEC is likely to remain with production cuts. Which may cause a lack of strength for further declines.
🛢️Ahead of USOIL, an opportunity to make a large upward correction has opened up.
🛢️All thanks to Monday's move.
🛢️The price at the very beginning of the European session and at the opening of the American session was falling until we completely reversed the trend during the American session. The entire decline was overbought
🛢️We made a beautiful candle with a very long wick which in a large number of cases heralds further increases.
🛢️Looking at where we are, this scenario becomes very likely indeed.
🛢️I determined support based on new lows.
🛢️Resistance, on the other hand, I determined based on a cluster of two fibo levels. The first is the 0.236 level of the entire downward wave lasting since March and the second is the 0.681 level of the current downward wave.
🛢️In these areas I am looking out for resistance and a possible stop of the upcoming upward impulse.
🛢️The scenario I am playing out is for the price to move northwards, not excluding corrections along the way, finding solid resistance at the zone marked on the chart.
🛢️*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|USOIL Strong support, watch out for increases🛢🛢USOIL Strong support, watch out for increases.
🛢As I predicted in the previous post the dips, this time it is time for an upward scenario:
🛢We are at a key point in the level.
🛢A strong support zone determined by the 0.618 level of the entire upward wave and the points where the price has reacted in the past.
🛢Also we are at the lower edge of the downtrend channel, which undercuts the possibility of an upward breakout.
🛢I have determined the resistance zone based on the 0.236 level of the entire upward wave and the points where the price has previously stopped multiple times.
🛢The scenario I am playing out is a breakout from the support zone and a retest of the resistance zone.
InvestMate|Gold Attention falls!🥇🥇Gold Attention falls!
🥇As I wrote in a previous post on gold about the declines, link below:
🥇There has been a breakout from the distribution I wrote about.
🥇We have also broken out of the uptrend channel.
🥇The nearest strong support zone is the 0.236 cluster of the entire upward wave and the outer 127.2 of the last upward impulse.
🥇Please watch this level closely.
🥇The upward correction of the new downtrend may start from it.
🥇The scenario I'm playing out is a decline to the support zone, and waiting for the correction to end.
🥇To look for downside opportunities afterwards.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|Gold important level before declines🥇🥇Gold important level before declines.
🥇Gold didn't bring us much news today, the price once again tried to oscillate at the current peaks, while making 2 attempts to enter higher levels which ended in failure and a price slide
🥇I think we are currently at an intervening level if we were to talk about dips.
🥇We are at the level of 0.618 of the whole downward wave since the failed attack on new peaks.
🥇My scenario remains unchanged. I refer you to previous posts:
🥇*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|Silver's time for falls🥈🥈Silver's time for falls.
🥇Gold has already been mentioned so now it's time for silver.
🥇Link to posts about gold:
🥈In my analysis of silver I used several tools to catch key price points.
🥈At the very beginning I marked out a downtrend channel, as we can see we are very close to the upper edge and knowing that there is no rule that the price always reaches every point with scalpel precision. This is the first indication that the price is expensive.
🥈Next I measured the fibo grid of the whole downward wave and again I see that we are close to the important level of 0.382 of the whole wave.
🥈I also measured the current upward impulse from the bottom using the fibo.
🥈I also measured the range of the largest correction of this impulse to determine the 1:1 range level.
🥈With the help of these measurements I was able to determine two support zones.
1. the 0.236 cluster of the entire downward wave plus 0.382 of the entire upward wave.
2. the 0.618 level cluster of the current upward impulse and the 1:1 level.
🥈Looking at where we are, the occurrence of a correction is highly likely. I have set a resistance zone given that it is a cluster of the 0.382 level and an important price point that has provided support in the past.
🥈The scenario I am playing out is the execution of a downward correction of the current upward momentum with a long term perspective of continued declines.
🥈*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
🪙GOLD A correction and then a continuation of the increases?🪙GOLD A correction and then a continuation of the increases?
🪙Another technical look from my side. This time on gold.
🪙As in my last post on gold I predicted the increases perfectly:
www.tradingview.com
🪙This time it was time to play for a correction.
🪙I will break down all the tools I used in turn:
🪙1. a downward channel from peak to bottom.
🪙2. fibo measure from peak to bottom.
🪙3. fbo measurement from the largest correction of the upward impulse to the bottom.
🪙4. harmonic formation, former largest upward correction in a downward implosion. I will present it below so as not to superimpose too many elements on the chart:
🪙5. 2 resistance zones have been identified.
1. local, a cluster of the 0.382 level of the entire downward wave and the outer level of 1.618 measuring the largest correction in the upward impulse.
2. strong, defined by the 0.5 level of the entire downward wave and the previous strong price interest at the 1850 levels.
🪙6 A support zone defined by the 0.236 level of the entire downtrend and previous resistance that has been difficult to overcome on several occasions.
🪙My scenario assumes a correction and then a continuation of the increase to the resistance line.
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🥇Gold where will it fall?🥇Gold where will it fall?
🥇Post is obviously an extension/update of my last post, if anyone wants to get a broader perspective I encourage you to read it. Link below:
🥇This time the legacy I'm playing out, I'll put it in closer perspective.
🥇But one step at a time.
🥇First, I have mapped out the uptrend channel. Of the current upward momentum. You can see that the channel was indeed very respected.
🥇Next, I plotted a fibo grid from bottom to top to find interesting levels
🥇I measured the previous downward wave using the fibo.
🥇I marked the current distribution zone.
🥇Based on the cluster of fibo levels and the fact that I do not expect a deep correction here (for more info I refer you to the previous post) I have marked a potential support zone.
🥇Based on the current peaks, the distribution level and the fact that the uptrend is not continuing today on gold, I have set a resistance zone.
🥇The scenario I am playing out is a descent to a support point.
🥇*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|GOLD Increases on the horizon?🥇GOLD increases on the horizon?
🥇As in my previous post on gold I predicted downtrend correction:
🥇This time we change direction and set our sights on an uptrend correction
🥇Gold showed strength on Friday last week. Breaking out of its local minima by a full 4%
🥇In this case, can we speak of the start of an upward correction in a downtrend?
🥇The downtrend has now lasted 244 days and the decline has been -22%
🥇This is a really significant correction. All because of the strengthening dollar since the outbreak of Russia's invasion of Ukraine
🥇The situation may change on the dollar. Which I described in a previous post
🥇In a nutshell, what happened in America last week was:
🥇The event everyone was waiting for was the interest rate decision, which rose to 4%.
🥇This was followed by a press conference in which Jerome Powell spooked the markets with a hawkish tone, which first triggered a sharp wave of dollar weakness, and Powell's words were followed by a speculative attack to strengthen the dollar.
🥇4 November Non Farm Payrolls performed very well with 261k new jobs created compared to the 200k the market was expecting.
🥇After which the rate from the data we found out unemployment rose to 3.7%
🥇All this data could have a positive impact on future inflation readings. Which has been falling for over 4 months.
🥇All this data from the US economy could gradually contribute to a weaker dollar in the future. Which the market may already be discounting at this point.
🥇Long-term chart of the dollar:
🥇With which the price of gold may gain. Not in the same way as the global addition during the pandemic. But in a noticeable way.
🥇Moving to the chart. The 1720 and 1790 price levels are still the most sensible levels.
🥇The former seems more local in the current week's range, the latter would be reached if the dollar scenario plays out.
🥇Between these levels there is another level which is the one to one correction, that is the range of the largest recent upward correction in the whole downtrend, it falls equally at 1740
🥇Looking for a good place to join the upside, I would probably look at the zone between the 0.236 and 0.382 levels of the current uptrend. Waiting there for some strong signs of buying interest
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Copper (COPPER/INR) Commodity Analysis 18/07/2021 Technical Analysis:
As you can see, there exist a hidden Bullish Divergence with MACD which is the sign of bullish trend continuation as Copper has started its bullish wave since March 2020. It is moving in an ascending channel. We draw Fibonacci retracement from the low to the top of last impulsive wave which are defined as the Fib levels on chart. The commodity fell to 78% Fibonacci Retracement and it is consolidating and accumulating on Fibonacci Golden Zone currently. we believe this commodity is getting ready to shoot to the higher targets which are defined by Fibonacci Projection tool of the past wave.
