GOLD - Is History Repeating Itself ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting the 2080 resistance, GOLD has been overall bearish trading inside the falling channel in red and it is currently retesting the upper bound / trendline.
Moreover, the zone 1980 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper blue trendline acting as a non-horizontal resistance.
As per my trading style:
As GOLD approaches the "3" zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
For the bulls to kick in and invalidate the bearish scenario, we need a break above the blue resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Metal
Copper: A bit lower 🪜The copper price is back in our blue target zone and dedicates itself to extending the low of its blue wave (c). After this fall, we expect significant rises in the context of the magenta wave (y) above the resistance at $4.19. In the short term, speculative opportunities are thus given here on the long side with the active blue target zone. Subsequently, however, new downward movements to our green target zone will be interesting for long-term investors.
GOLD - One More Correction ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we were waiting for GOLD to approach the 1935 support to look for buy setups.
🏹 The 1935 is a strong rejection zone because it is the intersection of the blue support and lower red trendline.
📈 For the bulls to take over and start the bullish correction, we need a break above the last major high in gray.
In this case, a movement till the upper red trendline would be expected.
Meanwhile , until the buy is activated, GOLD would be overall bearish and can still trade lower and even break the blue support downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Strong Support Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GOLD has been overall bearish trading inside the falling broadening wedge in red, and it is currently approaching the lower trendline.
Moreover, the 1935 level is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline.
As per my trading style:
As GOLD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD will buy morepreviously gold on a massive uptrend and it was manipulating on a consolidating area between 1961 and 1954..By the way according to the daily prospective gold made a huge impulse without and correction and now it is time to correction.We knwo that the any market do not continue it own trend without a correction so we may see a correction then it will continue its trend .
XAUUSD (GOLD)Hi traders,
Gold at the range between support and resistance , now testing resistance if can’t break the resistance can drop to support and break the support after breaking the support it’s work as resistance price getting test to resistance and drop again to next support zone , but if can break resistance can rise more to next resistance and will reject from here and drop to support zones , we need confirmation if opened 4H candle bellow the resistance we can entry short but if can break and open 4H candle above resistance can rise to next resistance and we entry to long .
Get to the copper! 🐻🚁The industrial metals market often goes unnoticed by many traders, although some excellent trading opportunities are often to be found here. And with that, we say, "Get to the copper!" For things should get moving here quite soon. The completion of wave (ii) in magenta should be imminent here, the copper price should therefore initiate a bearish trend reversal in our target zone (highlighted in blue) and then indulge in extended sell-offs. Thus, depositing short positions between $3.89 and 3.96 should present an excellent opportunity to profit from the lift-off of the bearish chopper - which is, of course, headed south. We anticipate a significant sell-off before wave (iii) in magenta will at some later point be completed, at which point the bulls are expected to report back.
JSW Steel ready for major breakout 🚀JSW Steel getting ready for major breakout :
Why you consider it as a Quality Trade
1. Price @ All time high
2. Time frame : weekly & monthly
3. Pattern : Pole & Flag
4. Structure : Super Bullish
5. Positional Trade for almost a year
Take Cautions before take entry 🚫 :
1. Wait for price to close above ₹792 in weekly time frame
2. Calculate your proper Risk Management
3. This my analysis not suggestion
GC Bearish flag... again!must be pirates doing all the trading.. so may flaggies.. heres another one.. hopefully those pesky pirates will drop the poley woley.. should hopefully end up where the bars pattern (pink fake bars) end 1898.98 (i know .. lots of 9's and 8's.. it is what it is trollops! :p) .. hopefully another fun trip down south..
if these pesky pirates keep travelling south theyre gonna end up in australia having sold all their gold! .. silly billies!
dont trade if youre rubbish at self control and money management.. not really a good idea.. is it?
nope.. it is most definitely not ;)
GOLD is still Strong 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Gold has been overall bullish trading inside the rising channel in red and it is currently retesting the lower red trendline.
Moreover, the orange zone is a previous major high turned into a potential support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and red brown trendline. (acting as non-horizontal support)
As per my trading style:
As GOLD is sitting around the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
UNLESS the lower red trendline is broken downward, then the bears would take over for a deeper correction.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold Weekly Time Frame Creating Pattern For SellHello, We can clearly can see Gold Trippe top pattern which is of-course a trend reversal pattern but before that we can see more bullish till 2050-2070 after that we should wait for a perfect evidence for sell like Bearish engulfing candle or any other strong ...
Hope you guys like it leave comments share your thoughts would love to learn from you guys as well
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for XAUUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
My today idea of Gold's possible moves 28042023Gold prices reversed the bearish corrective trend, as we expected during the previous technical report, in which we relied on the negativity of technical indicators, in addition to the stability of trading below the 2006 resistance level at the time of the report’s release, recording its highest level at TSE:2009 per ounce.
Technically, and with a closer look at the 4-hour chart, we find that the simple moving averages have returned to hold the price from below, and this comes in conjunction with the price obtaining positive signals from the stochastic indicator. Despite the technical factors that support the possibility of an increase, the prices It is still below 2006 resistance of the symmetrical triangle as shown on the chart.
We need to witness a clear breach of the mentioned resistance level to stimulate the price to visit 2011 and 2023, respectively, considering that the breach of 2023 increases and accelerates the strength of the bullish trend towards 2037.
It should be well noted that the price’s failure to breach 2006 makes the possibility of the corrective decline mentioned in the previous report valid and effective to target 1985 and 1971.
Note: the risk level may be high today.
Xau/usd Gold higher prices hello traders this is my next week market forecast for Gold prices extended their gains early on Friday as traders kept buying up in the face of lowering inflation, falling dollar, and rising economic worries. Two days after the yellow metal climbed above HKEX:2 ,000, it got as high as HKEX:2 ,048 per troy ounce, or just around 1.8% away from its record. It is also poised to finish in the green for a second week in a row. make sure to comment what you think check out my other posts too if you want learn what exactly i see in the market place you can contact me private
Gold -> Time To Get LongHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Gold is retesting the previous all-time-high exactly at the TADAWUL:2050 area and we already started a small rejection away from the resistance.
You can also see that weekly market structure is sill bullish, Gold is still creating higher highs and higher lows so I am now just waiting for a small retracement but then eventually a break above the all-time-high and then just more continuation towards the upside.
On the daily timeframe you can see that Gold is also approaching daily support at the $1990 area, so I am just waiting for a deeper retest of the support zone and then I do expect another push towards the upside from there and also a break of the previous all-time-high.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Gold - Take A Break? 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting our 1800 support zone , Gold has been bullish making higher highs and higher lows.
However, it is approaching the upper brown trendline that I consider an overbought area.
Moreover, the 2075 is the current all-time-high.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As XAUUSD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Of course, UNLESS Gold breaks above 2075 in an aggressive manner, then the bulls will remain in control and we will expect an extended bullish movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich