Nifty Metal Preparing.Nifty Metal is Preparing for big blast after long down trend. Just wait for 2520 level breakout. This will be the confirmation to blast. Jswsteel has already breaked out and tatasteel and other Metal stocks preparing itself.
Metalsignals
XAUUSD Head & Shoulders scalping opportunityPattern: Channel Up into Head & Shoulders on the 4H chart.
Signal: Sideways within the Right Shoulder.
Target: Range within 1895 - 1911.
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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!
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Trilogy Metals - chart trendTrilogy ready for new test of resistance coming out of cup and handle with surge to next fib retracement area. Look for breakout or retreat down before likely up.
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.
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
Gold H4 - Short SetupGold H4 - Bit of a response to that resistance range box again this week, dipped circa 25 pips so far. Not a massive amount of data today, and it's been quiet on a headline front so far.
Potential SHORT GOLD Trading PlanKey Trading Plan:
1) SHORT: After reaching a new high, the price will retrace to 0.5 Fibonacci Retracement level of 1729.
2) LONG if the price breaks the resistance level of 1791, potentially with the Take Profit Target at 1800 (All-Time High)
gold long trade at 1617.00?educational use only,
stoploss would be below the 113
tp are highlighted with the arrows
your thoughts?
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
Platinum and FOREX $XPT Platinum has been on a nice uptrend. If Gold and Silver rally more i imagine platinum could see some of the highest % gains out of them all. I'm long but not too heavily invested. Some ETF's and Physical platinum wouldn't be a bad idea though just for a long term suicide stack. What do you guys think of platinum long term?
Checkout my youtube channel too if you'd like more content from me :)
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)
GOLD Trade the break-outPattern: Inverse Head and Shoulders on 4H.
Signal: Bullish if the current candle formation (circle) breaks upwards, bearish if it breaks downwards.
Target: 1310 for the bullish break-out, 1268 for the bearish break-out.
GOLD: Completed bullish cypher pattern
though the pattern is completed,
my entry point will be bit lower that 786 of XA
1270 support is on focus.
stop - 1265
target - 1277
GOLD: outlook for next week
Gold is again trading above 1280 structure resistance level.
Due to strong bullish momentum, the market will most likely reach 1295-1300 resistance area.
Taking into account structure on the left, resistance line of a descending triangle,
and projection of BC leg of harmonic ABCD pattern, we have a very good area to sell.
Initial target is 1280.
usd/jpy longer term selling high probable trade setupUSDJPY, USD weakness start in there for longer term. while jpy getting strength on seasonal basis. usd/jpy behaving like retracement to the upside suspect big drop longer term target 107.80
XAGUSD - Bullish Minor 5 - March Wave Counts - Part 3If you like my work, please support me with a like.
More details in my signature.
Many pips ahead!
XAGUSD (Silver) Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as last week the 1D Channel Up made its Higher Low.
Target: 16.500 which is the technical Higher High based on the basis difference between HHs.
Crude Oil Bullish. high probability trade#USOIL, #WTI, OIL in range between 51.10 & 55.70 in whole month from 15th January. it tested support moving towards resistance.
