Metals
Hellena | GOLD (4H): Long to resistance area of 2646.Dear colleagues, I believe that the price will complete the correction very soon and the upward movement will start.
I think that wave “C” is almost complete. The support area is quite wide (2512), because it is from these levels we should make a conservative entry into a long position.
But there is a possibility that the price has completed wave “C” at 2537. In this case, the upward movement has already started.
I am still inclined to the fact that the price will renew the minimum, but the target in any case is the resistance area of 2646.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
SILVER:Today's strategy to do low - based long
Yesterday's silver is also surging all the way, long and short rapid conversion, today's thinking to follow the trend bullish, back pedal is more opportunity, silver attention 30.90 is a new support, strong support 30.40, there is a chance to back pedal 30.90 long. The target is 31.3-32.6
Gold Is Approaching An Important ResistanceHey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2640 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2640 support and resistance area.
Trade safe, Joe.
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved to the level of 2,640.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,630.
Set your stop loss at 2,623. below the previous low ($7.00 loss for 0.01 lot) and take profit at 2,655. ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Weekly Forecast Nov. 18th: Silver / Platinum / Copper /Crude OilThe precious metals have been bearish over the last couple of weeks. Will the market shift to a
bullish one this week?
Crude Oil has been bearish-neutral. Institutional players are busy adding to their sell positions. What will the market do this week?
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
FORECAST UPDATES! Silver / Platinum / Copper /Crude OilTuesday Nov. 19
Price has tipped its hand, and traded through the -FVGs on all of the metals. The bullish rallies
give us a bias to base our buy setups on!
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Bitcoin Breaks To New Highs - $100.5K Is The Likely TargetI created this short video to help traders understand how Fibonacci Price Theory works using BTCUSD.
This move suggests that BTCUSD will attempt to rally above $95k and target $100.5k in the next trending phase.
BTCUSD broke away from the Excess Phase peak Flagging formation (#2) very clearly today.
At this point, there is very little downside price risk unless price breaks below $86.8k.
I also review Gold/Silver and the SPY/QQQ to help traders prepare for the BIG SHIFT into my proposed Anomaly Event.
Here we go..
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold: Fibonacci-Based Long Setuprice consolidation around the 0.5 Fibonacci retracement level at 2,632.796 signals a potential continuation of the bullish trend. A breakout above this zone confirms strong buyer momentum, providing an opportunity to capitalize on the uptrend.
Trade Setup:
Entry: 2,632.796
Stop Loss: 2,620.949 (below Fib 0.0 level for protection)
Take Profit:
Target 1: 2,648.473 (Fib 1.5 level)
Target 2: 2,657.553 (Fib 2.0 level)
This setup offers a well-defined risk-reward ratio, leveraging clear technical levels to guide entry, stop loss, and take profit decisions.
CGPTUSDTThe specified currency has accumulated sell orders on one side by hitting consecutive valleys into the upcoming liquidity gap. Now we expect a rise to the 62, 50, 71, 79% Fibonacci areas to collect areas full of gaps and liquidity gaps. However, in Bitcoin futures trading, there is a gap between the price of 76 and 77. Therefore, if Bitcoin is bearish and has an impact on the market, the specified currency is expected to reach 0.06 cents from the specified resistance areas. This currency can give good profits in the medium term.
XAUUSD Golden Cross (1h) signals the start of the new uptrend.Gold is abour to form a Golden Cross on the (1h) timeframe.
The most recent such patterns initiated and sustainted a rally over the MA200 (1h) that extended to the 3.618 Fibonacci level.
This is a strong buy opportunity.
Trading Plan:
1. Buy when the Golden Cross (1h) is formed.
Targets:
1. 2825 (the 3.618 Fibonacci extension).
Tips:
1. The RSI (1d) is on its way to a massive Bullish Cross under the 0.000 level. This is an additional strong buy signal, even for the longer term.
Please like, follow and comment!!
Is silver about to go BONKER!!??Good Day, Fellow traders and followers,
IS SILVER ABOUT TO TO GO BONKERS?!?!?!?
This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!!
First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's actually the handle of the GIANT 40 YEAR cup and handle it has been in. The green lines are the support and resistance areas. Also I have added what seems to be a pattern of 50 bars bottom consolidation that does also happen to resemble a Wyckoff a pattern before a break out.
Lets move on to the indicators
RSI - I have drawn in a support band for the silver RSI. IT really likes the 46, 50 to 55 level before a break out. Going below here is either very bearish or the best buy in bull market.
STOCHASTIC RSI - has had a massive cross recently on which chows momentum coming in to this market.
RSI 3 LINES - WOW!! This looks like a serious power play for silver, ever since the RED line crossed down through the GREEN, it found support on the blue and turned right back up in big way!! Also it look like the BLUE could follow suit very soon which would confirm bullish movement for this asset as all the colors would be aligned.
THE LAZY BEAR - This one is kind of a no brainer. Breaking out above and holding the 0 level usually leads to big moves higher!!
ASO (SENTIMENT) - It looks like there is a 50 bar pattern here and within it could be another 12 bar pattern right before a break out.
Please keep in mid every bar is monthly, so what might seem like a small pattern could be a year long.
I want to add, I do believe there is a fairly substantial move coming to silver. I'm not sure where it would be going to0, however I do know that the last true resistance is at aprox $35 usd Getting above that on a monthly level could or should lead to NEW ALLTIME HIGHS in short order well above $50 usd to possibly $70 to $80 before a correction. Any Correction at that point would be considered a buying opportunity !!
Please like and share this chart to all silver lovers!
Also, any questions or comments are welcome down below!!
Kind Regards,
WeAreSat0shi
Russian nuclear warning lifts gold Gold extended gains for a second session, climbing to $2,630 as tensions between Russia and Ukraine reignited demand for safe-haven assets.
Russia unveiled an updated nuclear doctrine Tuesday, paving the way for potential use of atomic weapons, just as Ukraine deployed U.S.-manufactured missiles on Russian soil for the first time since the war began.
Russian Foreign Minister Sergey Lavrov called on the U.S. and its allies to take note of Moscow’s revised nuclear policies.
On the technical front, gold’s recovery may have further room to run, with the 4-hour chart signaling potential upside. However, the Average Directional Index (ADX) suggests trend momentum remains muted. Key resistance levels include $2,639 and the 200-day simple moving average at $2,654.
XAUUSD: Crossed the 4H MA50 and starting the rally to 2790.Gold is neutral on its 1D technical outlook (RSI = 45.921, MACD = -20.360, ADX = 41.087) validating the significant upside potential it has inside this Channel Up. On Thursday it bottomed on the HL trendline and today crossed over the 4H MA50. Every time it has done so on this pattern (only once it failed), it hit the R1 level. Consequently this gives a clear target on the previous high (TP = 2,790).
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GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our chart idea playing out perfectly!!!
Yesterday after completing both our Bullish targets at 2574 and 2599, we stated that we were now seeing 2599 cross and locked opening 2622 open.
- This target was hit today just like we analysed followed with a new cross and lock leaving a gap to 2649. As long as 2622 holds as support and we don't see a cross and lock below 2622, 2649 will remain open.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up and knowing we have gaps above, allows us to safely buy from dips.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2574 - DONE
EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET
2599 - DONE
EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET
2622 - DONE
EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET
2649GOOLD ROUTE MAP UPDATE
BEARISH TARGETS
2551
EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET
2525
EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE
SWING RANGE
2506 - 2484
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD FURTHER SELL OFF?! (UPDATE)For those of you who watched yesterday‘s video update, well done as you know we were expecting further upside towards Wave B, which is close complete now, so you could have caught some short term buy’s🫡
Also, as I said on yesterday‘s video, we’re now expecting some form of flat correction to take place within minor Wave 1 schematics of major Wave B. Let’s see how this plays!