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GBPCHF Long Due Monthly ZoneYo Folks! GBPCHF LONG IDEA -IMPORTANT- We Trade with the MAJOR BULLISH TREND . And Monthly Zone represent a PLACE OF LIMIT ORDERS! 1- Next Weekly Zone will be near Monthly Zone 2- Price Comming to Monthly Zone 3- We have Strong Demand Level Since Monthly Zones are very strong our main idea of going LOND based on it. Also next Weekly Zone Will be at the same level and Monthly which makes it more stronger Dont Forget to Follow Us on TV and TG!
Long
by UnknownUnicorn7501807
Bearish on Africa Gold minerWhy the Bearish on Gold miner? Africa is shut Down for 14 days!, all mining activity shutdown! Most Africa based miners are DOWN!! Pending follow up with more EURO shutdowns. sooo? SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD! EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar. But guess what? GOld will crash if we have a flash crash anyways!!! that means, we will win, if market crashes hardcore, and we would win if market continues to rally up and cancels recession fear. Win WIN AU- Short Shares IDEAL on Short entry - $24.50 Buy to cover $16.23 buy to cover Trailing stop $4
NYSE:AUShort
by WallSt007
4
GOLD Gearing up a long-term move to $2600.This is a simple macro projection using the LMACD on the 1M chart and the MA20 and MA50. It appears that Gold is reproducing the early 2000s bullish run that led to its All Time Highs of 1900 is 2011. The MA20/MA50 Golden Cross has taken place and those MA periods have never crossed paths again, giving way to a strong 2019/2020 rise. The LMACD is on the Resistance of the 2004 price fractal. Back then, Gold was supported the whole year on the 1M MA20 but upon contact, never broke. This March (2020) we almost had contact with the MA20. If we have another similar event, it will be the strongest confirmation if an upcoming hyper bullish extension to $2600 (roughly +160% from the 2015 bottom as it happened in 2004 on the 1999 bottom). Do you agree with this macro idea? 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!
FX_IDC:XAUUSDLong
by TradingShot
6
Update on XAU/USD Futures ( GC ) by ThinkingAntsOkMain items we can see on the 4HS Chart: a) The price is above a significant Support/Resistance zone b) There we saw the formation of a Triangle Pattern (ABCDE Completed) c) From a Technical Perspective, once we have a breakout of a structure like this, we should expect a new bullish movement d) Our Bullish Target is a Weekly Resistance Zone at 1900 e) Now we have a new corrective Structure ABC pattern, and the price made its first attempt to break it f) Also, we have an ascending trendline in which the price is supported. g) This is another excellent structure to develop long setups towards the next Target.
COMEX:GC1!Long
by ThinkingAntsOk
Silver Destined to Break Multi Year ResistanceWhat a time to be a trader...and what a day! U.S. markets gapped up and held their gains throughout todays session after Moderna, Inc. reported positive phase 1 results of a potential Covid-19 vaccine. Could it really be that simple for the bulls? It'll be interesting to see how the market reacts when the Fed Chair Jerome Powell speaks at a scheduled Senate hearing tomorrow. Perhaps the Dow rips another 1000 points or maybe, just maybe the long side is getting too crowded? More on this on upcoming posts. Today, I wanted to go over Silver . It's Happening! Yes, we told you so! More than a week ago we mentioned how Silver could potentially begin to out perform Gold in the coming weeks. Well, it has! Already out performing Gold by nearly 10% since last Thursday. Sure, Gold is up significantly over the last year but, the reason why I am so excited is because Silver could just be getting started. Want the proof? Let's take at some charts below. Above is the daily chart of Silver. Currently Silver is getting rejected off a six month cluster of resistance. It wouldn't surprise me if price took a breather before heading higher. RSI is approaching overbought levels, so any price action higher would lead to bearish divergence potentially requiring resolution. Stacking bids at the support highlighted would serve as optimal entires. Next, is the weekly chart of silver (see below). Notice how I have't updated resistance #1 . Yes, we broke above it, but we haven't had confirmation of support. This will likely end up being support but in trading you never take things as 100% certainty. I also added a comment in between stating that the current range silver is trading within could be considered a no trade zone. What I am getting at is not to FOMO . Be smart on your approach. Let price consolidate and provide us with clear entries. With that said, if Silver does continue to rip higher, a daily close above the resistance #2 which coincides with a major descending trendline could be a breakout entry. Of course, practice good risk management by using stops. The most bullish signal in more than a decade may be on the monthly chart below. Above, you'll see the last two instances when Silver was either at or crossing the 20 SMA and experienced a bullish MACD cross within the positive territory. Yup, It's happening again! Will history repeat itself? I am betting that it will. Bias: Bullish . More than Silver Alternatives to buying Silver are ETFs and also silver miners. I'll be touching up these stocks in upcoming posts. Have a great evening and happy trading!
COMEX:SI1!Long
by DailyClose
Gold, H4 - symmetrical triangle breakoutThe upper limit in the symmetrical triangle pattern has been broken. In our recent analysis, we have mentioned that this pattern may be crucial for the gold market. What is more, if the recent top at 1747 USD will be broken too, we may expect another rally. The textbook target is located at 1813 USD and it is set by the height of the triangle pattern. The nearest potential support could be set by the line drawn through the tops. Only a move back inside the triangle pattern may change the current bullish sentiment. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TVC:GOLD
by Daniel_Kostecki