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Metalsignals

GOLD testing the 1D MA50. We need a cross to confirm bullish conSimple MA approach here. Since the early 2019, Gold reproduces the same pattern: Channel Down on the 1D chart, which break to the upside 1 month after the 1D MA100 (green line) breaks above the 1D MA50 (blue line). In the meantime the RSI is consolidating within 35.000 - 60.000. So what does this mean for now? Well Gold is currently testing the 1D MA50 but the MA100/MA50 hasn't happened yet. A closing above the 1D MA50 doesn't confirm the bullish continuation, the cross does, so I am in no rush to add to my Gold portfolio. Unless the previous Lower High of the Channel Down is crossed (1975). Where will you buy? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
3
Lots of action in the metals - back in MGC/GLDFor active traders, the market action in the metals has been tremendous over the past month. We posted a short idea yesterday in copper HGU2020. The market is higher than our entry. The 7-day ATR in the GC is over $55 and we saw a nearly 4% decline in today's session. BTC and cryptos followed along lower. We're entering a long position MGCZ2020 based on a Ext Buy on the 1H timeframe. Chose to keep the position small given the large recent ranges and frankly because we got smacked around a bit today in our day-trading accounts in the big contract. Long MGC 1933, stp 1899, tgt 2003. Also adding back in to GLD Oct 185/195 Bull Calls at 2.75. We scaled 50% of original position at 3.5 yesterday.
COMEX_MINI:MGCZ2020Long
by TDGonTView
buy gold again! fakeout!Here we are again with another chance to buy into gold with the fake break of the rising wedge in oversold conditions on the hourly charts. Nice 3 candle reversal play. We can expect it to test up to $2008 again Gold is still trading above its long term trend line though and I expect it to take out its highs fairly soon as long as this trend line remains intact. As an experienced trader the best advice I can give for trading is stay with the trend, dip buying wherever possible, rather than thinking the top might be in and holding shorts for too long. I'm out of shorts here and buying again
TVC:GOLDLong
by breakoutfakeout
2
Pure 1D Chart Analysis: GOLD will CONTINUE risingHi, guys! Pure Charting Analysis (no indicators, only Pure Logic and 10 years of Experience ) for your attention. * Gold has found a local Support around 1,480 - 1,490 after making a multi-week double top at 1,550. * This is a Buy Area for both, long-term and short-term run since more money flows into precious metals and gold market, so the bullish trend is gaining even more momentum. Trade Signal Buy anywhere around 1,500 Target : next round number at 1,600 Stop : if it happens and the price goes down 1,400-1,430 are, Buy more to average out. It won't get down much. GOOD LUCK! Yours, Market Wizzard
FX:XAUUSDLong
by Market_Wizzard
MTLBTC a breakout expected | Upto 780% profit possibilityThe MTLBTC is moving within a pennant and now arrived at almost end of this pennant. Since Nov 2019 the pricline has found another support above the pennant's support and hitting that support at the moment. The bollinger band is showing sideways movement since Nov 2019. Stochastic is oversold and already has given bull cross. The MACD has given weak bullish signals. The price action is gearing up to hit the sell targets soon insha Allah. The sell targets are: 1st target: 0.00027 2nd target: 0.00034 3rd target: 0.00040 Final target: 0.00050 Regards, Atif Akbar (moon333)
Long
by moon333
2