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SILVER | Strong Resistance | Fibonacci Extension Targets Todays analysis – SILVER - Consolidating within a long term descending triangle as it nears apex. Points to consider: - Strong resistance - 2.272 Fibonacci extension target - RSI above 50 - Stochastics overextended - Low volume SILVER unable to break structural resistance with multiple failed re-tests, however, price is quickly bought up as it retraces from resistance indicative of buyers being present, setting a slightly bullish bias in the market. A bullish break of this formation validates the next Fibonacci extension target of 2.272; also in confluence with structural resistance. Whereas a bearish break of this formation, price is likely to find local support at the 1 Fibonacci extension target. RSI is currently testing 50, recovering from overbought conditions. A bullish break requires the RSI to range above 50, signifying strength in the market. The stochastic RSI recovering from oversold conditions with ample space for an increase in momentum. Volume is clearly declining and remaining below average. This is usually an indication of an influx being imminent, likely to coincide with the breakout. Overall, in my opinion, a break and candle close above resistance validate next immediate target of 2.272 Fibonacci extension. The break needs to be backed with increasing volume to avoid any false breaks. What are your thoughts? Let me know in the comments below! And if you’ve read this far - thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
OANDA:XAGUSD
by Kudiiee
GOLD Inv. Head and Shoulders| Range Resistance| .618 Fibonacci Evening Traders, Today’s Analysis – GOLD – trading in a range with a probable inverted head and shoulders, further price development is needed. Points to consider, - Impulse bull move (range resistance) - 200 Moving Average support - Neckline target - Oscillators above 50 GOLD retraced from range resistance to the .618 Fibonacci where it established its probable right shoulder. The moving average is a key local support to hold above, price actions have been reacting of it strongly. The Neckline is in confluence with range resistance, is it the immediate target to breach in order to validate the pattern. The oscillators are trading above 50, this is indicating strength in the market, momentum still needs to shift further. Overall, in my opinion, GOLD needs to break range resistance in order to validate the H&S pattern, failure will negate the formation What are your thoughts? And remember, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
TVC:GOLDLong
by AzizKhanZamani
4
Double Bottom| Key Resistance Confluence Hello Traders! Today’s chart update will be on SILVER, which is approaching key resistance levels, that if broken, well change the overall market structure. Points to consider, - Trend considered bearish - Structural Resistance being tested - EMA’s support - Stochastics in upper regions - RSI currently overbought Silver is considered to be in a bearish trend, it must break the lower high projection to change market structure, it has been putting in consecutive lower highs. Structural resistance is being tested, very staunched level dating back to 2008, a break will be very volatile. The EMA’s are currently support, must continue to hold Silver as it approaches key levels for a bullish bias. Stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. The RSI is currently in overbought regions, a return back to neutral territory is probable to cool of the RSI. Overall, in my opinion, SILVER is at a very key level with resistance confluences. A break will change the overall market structure, it is however probable for Silver to have a slight retrace before making a bullish attempt. What are your thoughts? Please leave a like and comment, And Remember, “Markets are never wrong, but opinions often are.”
TVC:SILVER
by AzizKhanZamani
2
Gold looks set for a sharp end to the year Comments from U.S. President Donald Trump were the catalysts behind latest gold’s rally. Trump raised doubts over U.S.-China trade talks after he said a trade deal with China might have to wait until after the 2020 U.S. presidential election. Now, the next few days will be critical for the yellow metal. If gold finishes the week above $1,500, then the odds support a bottom on November 12th at $1,455.55. But if futures rollover between now and Friday, then we could see one final decline. Because the MACD (moving average convergence divergence) index generated a crossover buy signal, the medium-term momentum has turned positive. And our preferred scenario is for Buy position with nearest TP at $1,500 with SL around 1,465. In case of bullish breakthrough above $1,495 - 1,500 (H4 resistance trend line and psychological level), the next our target is at 1,519.65 (October's high). On downside, first support is sitting around $1,461/3, where are located 50-day and 100-day SMAs on 4-hour chart. A break there will extend the bearish pressure for testing $1,455.55. Also, don’t forget the gold's seasonality, which is typically most pronounced in January. If you are agree with our analysis, please like it.
OANDA:XAUUSDLong
by ForexTrendline
USOIL 19/09/2019 m15Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :) BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS) - EQH - EQUAL HIGHS / EQL - EQUAL LOWS BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS POINTING FUTURE TARGET BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE - SNIPER ENTRY FOR US BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL) - POTENCIAL SNIPER ENTRIES BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA. If u have any questions feel free to ask:) GOD BLESS U ALL!
TVC:USOILLong
by Snipers-Academy
GOLD Inversre Head and Shoulders Target MetHello Traders, ' Today's chart will be an update on GOLD (US$/OZ) based on previous chart posted on 06/21/2019 ( Feel free to have a look!) Points to consider here - Inverse Head and Shoulders Valid - Price broke multi year long resistance zone, now turned potential support - Price has reached calculated target of this inverse head and shoulders ( Blue vertical line) We have some noticeable bearish signs in recent developments after this breakout - potential bearish divergence as the RSI puts in consecutive lower highs as price tries to put in higher highs - Stoch looks like its topping out indicating potential downwards momentum - The inverse head and shoulder's setup has psychologically ended as price is now in discovery mode The probabilities for GOLD to correct is more favorable as the pattern has now completed, this is looking to be the local top as the RSI is showing a very clear bearish divergence. The Fibonacci retrancement shows potential price targets, the golden Fibonacci line (.618 - $1369.04) is sitting very close to the now new support in the macro structure. GOLD could with a high probability retrace to the .618 area and retest the previous resistance now turned support... What are your thoughts? please leave a like and comment and remember, Letting losses run is the most serious mistake made by most investors - William O’Neil
TVC:GOLDShort
by AzizKhanZamani