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Metal

Metal MTLUSD - Bull flag +2000% gains!- Metal MTL Rank #184, Volume 24h $327,375,718. - On the chart we can see a bullish flag, which is currently breaking out! - New All Time Highs very soon. - Target is 1:1 fib extension, RSI is prepared for the next pump. - we had 3 years of consolidation in the rectangle / head and shoulders pattern. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
MLong
by UnknownUnicorn2537518
10
Copper Rises to Resistance as Supply-Side Issues Heat UpCopper prices are seeing some upside movement as supply-side issues intensify. Codelco's Andina mine in Chile saw workers go on strike after mediation talks fell through. This adds to labor tensions in the major copper-exporting country, with workers at BHP Group's Escondida mine still negotiating a new contract as a possible walk-off looms. Meanwhile, workers at a JX Nippon Mining & Metals owned mine, also in Chile, went on strike this week. Prices are now at a descending trendline formed off the July swing high after rising off the 61.8% Fibonacci retracement. Moreover, the 50-day Simple Moving Average (SMA) looks to be providing a degree of confluent resistance. Breaking above the trendline may open the door for an extension higher.
COMEX:HG1!Long
by Thomaswestw
XAUUSDPattern: Trends Confirmation: Rising trend being squeezed into a limited price range. Entry: Waiting for to see if we have a rejection candle from the trend line, potential break and re test strategy or lastly working with the power of buyers vs sellers by monitoring volume. currently will enter a buy if we receive a rejection indication here failing that will enter a sell if we break and have a good re test of structure. Fundamentals: Strong finish last week to DXY causing a big fall in gold, look to see if the dollar continues its strength a lot based on employment reports.
OANDA:XAUUSD
by KaisMarket
VSSL LongCurrently, Demand in Metal Sector increased due to China extend its customs duty. In the last year 2020 due to Lockdown, many businesses were stuck. VSSL is trading at an all-time high level. Recently gave the breakout @279. One can Hold the VSSL stock in his portfolio above 279 for the Target 340-370. If it sustains above 340 then soon will see 400-500 Levels too. Our Bullish View will be negated if it is closed below 229 on a daily basis. Disclaimer: This post is for educational purposes. We are not responsible for any profit or negative occurred by you.
NSE:VSSLLong
by gunjeshkumar995
PALLADIUM - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. PA1! is sitting around the round number 2900 so we will be looking for sell setups on lower timeframes. on M30: PA1! formed a valid trendline in red but it is not ready to go yet. Before we sell, we want the sellers to prove that they are taking over again. You don't want to sell a bullish market right? Trigger => Waiting for a momentum candle close below the last swing low (in gray) to sell. Until the sell is activated, PA1! would be overall bullish and can still trade higher till the 3000 and of course, as it approaches the lower green support 2500, we will be looking for trend-following buy setups. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYMEX:PA1!Short
by TheSignalyst
16
Metal Slowly Recovering... MTLBTC (Metal) is starting to recoveMTLBTC (Metal) is starting to recover slowly... Here we have the "v shaped" bottom pattern and also the candles moving back above MA200, EMA300/EMA200. We also have a bullish RSI, above 50, which is really important when we are seeing these types of moves take place. If we see similar signals but with a weak RSI it can signal that the price can easily drop... When the RSI is strong, it is more likely to see a continuation to the upside (a continuation of the recovery) than a bull trap showing up. Namaste.
Long
by AlanSantana
XAUUSD 1H Huge Volatile OpeningsMorning guys, XAUUSD has been consolidating around since the metal dropped on the 17th of June to around 1770 with lows of 1760. The metals bearish outlook stabilised since then and we've been patiently waiting for the bulls to push 1800. Whilst we've been waiting, opportunities to ride the consolidation up and down have opened and these have been pretty solid as we expect XAUUSD to bounce between consolidation support and resistance lines. The following graph shows how we can take advantage of this today at the start of the European session and heading into the American session whilst also gearing up for the Initial jobless claims 4 week average and the GDP annualised. Dependant on the outlook of those reports we could see gold take a dip as I expect the IJC to look promising, this would only create a great buying opportunity and we can expect the GDP annualised to look poor due to obvious reasons. This should just remind all the bears out there that we're still reeling from all the financial shockwaves of the pandemic and huge government spending. Again, inflation is surging and by no means is the USD out of the woods. In the attempt to keep this one short and sweet, technically, we can see XAUUSD rising to the previous resistance of 1795 with the hope of bounding further on to the famed psychological level of 1800, couple this with the reports released today and we can see volatility playing a major factor towards 1820 and beyond although this remains unlikely. The support at 1795 will look reasonable strong and i feel if we break that we'll definitely push onto 1800. Risk management has me being cautious of the 1760 mark as if gold hits that I feel will continue to fall as the bears rally and USD bulls push on the move of the reports. Have a great day guys!
FOREXCOM:XAUUSDLong
by KaineArkinson1
Temporary shedding We updated the gold and said it was out of the downtrend and it did the same It fluctuates between a support and a resistance and a relatively good trend line that is likely to accompany its resistance But why a temporary fall? This view is not definite and there is nothing definite, but it should touch the trend line again, and there is also a weakness in the ascent, because there are tightnesses lately, and we also see a negative divergence in the RSI, and gold at the extreme buy point. It has been and according to the movements and market cycle, it will see the extreme selling price, and the extreme selling has not been seen for nearly two months, and we have to wait for it. But after touching the trend line, the probability of climbing to resistance will be high.
OANDA:XAUUSDShort
by Therezavni