GoldIs always important to highlight the key zones when we analyse a graph. In this scenario, our key zone is a liquidity level. Price is already rejecting it!
Metal
GOLD and JPY Correlation!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
We all know that GOLD and JPY are usually positively correlated. Means when Gold goes up, JPY pairs goes down due to JPY strength.
Gold is currently sitting around a critical area 1675 - 1700 zone that has been respected since 2020.
Here are the possible scenarios:
1- Rejection (blue projection)
Gold rejects the 1700 support zone and trades higher. In this case, we will be expecting a reversal bearish movement on USDJPY.
The next resistance for would be 1760 while the next support for USDJPY would be 135
2- Breakout (purple projection)
Gold breaks below 1700, in this case an over-extended bearish movement would be expected. On the other hand, a continuation to the upside would be expected for USDJPY to test the 150 supply and upper brown trendline.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
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
MTL/Usdt 1D downward line breakoutAs You can See, MTL/Usdt long term downward line broke and successfully retested.
And now its in bullish phase.
(I am just a beginner and learning)
(Feel free to point out my mistakes)
Metal (MTL) formed bullish Gartley | A good long opportunityHi dear friends, hope you are well and welcome to the new update on Metal ( MTL ) token with Bitcoin pair.
Previously I shared a long-term trade-setup for MTL , which is still in play.
Now on a 2-hr time frame, MTL has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
GOLD - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GOLD is overall bearish trading inside our orange channel, however , it is approaching a strong support area 1675 - 1700
Moreover, the lower orange trendline acts as non-horizontal support.
Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower orange trendline.
As per my trading style:
As GOLD approaches the purple circle, I will be looking for reversal bullish 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
zinc is about to jump up .... buy zinc and hold zinc double bottom has formed .. early we can see long term buy
Gold 4 of July Gold perfectly reached the support level, we had 2 possibility depending on the rejection of the zone. Price pushed to upside amazingly.
Gold 30 of JuneGold has been in a consolidation momentum for a couple of days. After the breakout of the consolidation zone, it used the liquidity level to make a retest and then continue the bearish momentum
Metal (MTL) formed bullish Gartley for upto 3100 huge pumpHi dear patrons, hope you are well and welcome to the new update on Metal ( MTL ) token.
On a monthly time frame, MTL has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
📊 MTL is showing potential. Is it real?Hello, dear TradingView members.
This idea is an MTL analysis.
MTL has made a 9% ascending move in the market. Let's analyze the two bullish and bearish scenarios.
RSI crossed the border to 75 and showed overbought signals, and now it has pulled back into the range. Usually, when this happens, the price pulls back down. But since the price is moving on a support/resistance area, we might experience consolidations here. However, in this case, RSI is trying to move back up because there are no sell volumes.
Scenario one:
A breakout:
If the price touches the support and pulls back up and hits the first resistance, it might touch the second resistance I've shown on the chart as a target.
Scenario two:
A fake-out:
The price will move a little while on support and then fall back down below the support level.
The Bollinger Bands are still wide, and the middle band has helped the price as a dynamic support zone.
The Speedometer indicator shows Neutral volumes on the market for MTL on a 1D interval.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
XAUUSD, bears may complete the weekendBreakout of long term resistance channel is not look very promising , it could be fake break out to look down towards 1840 zone
Use this analysis for education purpose, trade wisely
XAUUSD Horizontal Support Resistance Levels For May 23-27 2022Here are my horizontal levels for XAUUSD. I am setting limit orders for this market.
Gold might gets the strong support from 1820 zone XAUUSD , shows strength at the end of the week to touch at 1850 zone, if it maintains the strength on Monday , could penetrate 1850 to go further up , IF 1850 resist then price may go down to 1820 to gain the momentum back to go higher,
Analysis only for education purpose
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
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
Gold with target at 1760! Last week we saw it possible for Gold to drop below 1800
We think that this move has now began and we're now looking at price possibly reaching the target at 1760!
On Friday we saw price rejecting the resistance zone and it's now trading at the 1855 support.
The next target after the breakout is 1817 where it's pretty certain that we're going to see reaction before the next move down to 1760.
This move will take some time to complete but since we know what is the main direction and the support and resistance levels, it's easy to trade it.
Follow us, hit the like and leave a comment!
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
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
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
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
Gold bullish start to the week ahead?Friday we had gold making some big moves on the last trading day of the week. We saw a large impulse which has broken this down channel we have been stuck in & also a pullback to test the structure we have broken out of. Now to confirm a buy at this level we would be looking for a rejection candle and price not to break 1885 to confirm our inverse head and shoulders that's forming better on the 30M
