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GOLD-SILVER

XAUUSD UpdateGold did it again. Smashed my shorts. Still what happened in the red rectangle does not allow me to interpret the recent development as a bullish move. I keep watching for a turnaround. Though now it is again extremely challenging, and there is no divergence against the RSI. I remember I hesitated to label the recent abrupt sell-off as 5 wave impulse thinking it was wxy in wave 1 of the leading triangle. I was right about wxy, I was wrong about the leading triangle. Now I am back to square one, betting on a turn around in gold with no hard evidence so far on 4 hour chart.
OANDA:XAUUSDShort
by Fomenka
3
Gold - Odds of bullish breakout are increasingGold keeps holding up pretty well despite the prospect of upcoming rate hikes in 2022. It continues its choppy price action within the neutral zone between 1750 USD and 1835 USD. At the moment, it trades slightly below the upper bound of the neutral zone which increases odds of yet another bullish breakout. We noted previously that we expected such breakout to be accompanied by resumption of the uptrend. However, previous breakouts became invalidated shortly after their occurrence took place. Because of that we will pay close attention to price action and we will reassess the situation as developments move forward. Illustration 1.01 Picture above shows the daily chart of XAUUSD. It also shows the price which has returned back into the upward moving channel. This is bullish development. Technical analysis - daily time frame RSI and Stochastic are bullish. MACD is bullish too. Same applies to DM+ and DM-. ADX contains low value which signals that no trend is currently present. Overall, the daily time frame is bullish. However, lack of suggests that price action will continue to be choppy until breakout above the neutral zone or below it takes place. Illustration 1.02 Picture above depicts the daily chart of XAUUSD and its previous false breakouts and invalidations. We will observe whether gold will manage to break above the resistance at 1835 USD without being invalidated shortly after. Technical analysis - weekly time frame RSI and Stochastic are neutral. MACD is bullish. DM+ and DM- are mixed with ADX suggesting the presence of the neutral trend. Overall, the weekly time frame is neutral. Support and resistance Main resistance lies at the upper bound of the neutral zone (1835 USD) while main support sits at its lower bound (1750 USD). Other important resistance levels can be found at 1850 USD, 1877 USD, 1916 USD. Other important support levels can be found at 1725 USD, 1700 USD and 1676 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
7
Gold UpdateDespite a very impulsive move, gold waves are difficult to count. I even assumed on this chart that the whole move could be wxy in wave 1 of a leading diagonal. There is no divergence on RSI meaning that there should be new lows very soon. At the same time gold can easily rip shorts in a very sharp countertrend move. Gold is notorious for doing wild unexpected swings that only later come together as jigsaw pieces of standard patterns. I will refrain from labelling the smaller waves so far to let the count reveal itself.
OANDA:XAUUSD
by Fomenka
1
USDOLLAR: BREAKOUT OF BULLISH TRENDLINE? or ANOTHER BULL RUN?Hello Enthusiast Forex Trader! Here's Long-term outlook for USDOLLAR , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :) *USDOLLAR creates a Descending Broadening Wedge pattern on Daily Timeframe *USDOLLAR is moving above the Exponential EMA200 and bullish trendline *Stochastic is pointing up in the neutral area, it could indicate a bullish momentum ahead. *If the price exceeds the support area, it will invalid the roadmap and USDOLLAR can move in bearish phase/sideways DISCLAIMER: This isn't a recommendation to buy or sell currency pairs, only an Outlook from technical perspective.
FX:USDOLLARLong
by financialfreedomgoals101
2
Markets hint at Major CrashThis review comes from evaluation of prices from multiple markets including Silver, Gold, Bitcoin/crypto and Stocks (specifically sp500) Silver has increased volume on the daily chart and dropped sharply 3-5% Gold similarly has sharply dropped with increase volume SP500 also has plummeted over the past couple weeks. There is mass exodus in multiple markets across the board with increase volume. Be on the look out for bull traps preceding further sell off. This is a speculative review and not advice for trading. The market is not healthy at current levels and most experts would agree. There may be money to be made but it is not by healthy growth which I would consider a poor investment.
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by The_Yeager
HOW-TO: Cosmic Cloud #1📡 INDICATOR Cosmic Cloud 👩‍🏫 HOW-TO CONTENT This how-to shows that even price movement during major events like global market crashes adhere to the indicator levels. ✅ POINTS the price drop starts after reaching a resistance level (top-left chart) or the price drop is confirmed by a downward breakout from one of the support levels the 2020 stock market crash (👑) reaches its lows at various Cosmic Cloud supporting levels 🔔 USEFUL ALERTS Resistance Channel Re-entry ↓ Basis Test ↓↑ Support Channel Entry ↓
TVC:DJIEducation
by cosmic_indicators
XAUUSD UpdateWell, what I can say. Last stronghold stood. I take yesterdays move as a confirmation of the bearish scenario we maintained since November 2021. See historical posts for the big picture or it is more convenient to read Weekly Updates on the website. Of course, it is too early to throw in a (beer) bear party, we'll keep quiet and watch. Wave i on the chart is only an illustration of the possible roadmap. It can be shallower or deeper, we will label it as soon as it takes shape. It would be good to offload some short before wave 2 kicks in, but we will not make hasty decisions. If the count is right we are in wave c and it can be brutal. If the price recovers and takes out the previous high - I am out.
OANDA:XAUUSDShort
by Fomenka
2
GOLD: A run to $2K? Looks bullish right?As the DOW, S&P, and NASDAQ begin to shake up, it is expected that investors will park capital in GOLD. However, gold has historically under performed leading up to the Feds decision on interest rates. In the short-term, I think GOLD will re-test the $1500 area. A clear bullish pennant can be seen as of now, but I will wait for the pattern to develop more before adding to my position. (The monthly MA100 is at $1444.01) __________________________________________________________________________ - A bullish pennant indicates an upward continuation in price ;)
TVC:GOLD
by TTECH