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Safehaven

Gold - TRIO RETEST!Dear TradingView community and fellow traders, I find the daily chart for Gold to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST Here is why the blue circle is a strong zone to keep an eye on: 1️⃣ => Overall Trend Gold has been bullish long-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support. 2️⃣ => Round Number The $2,500 marked in green is a strong round number. 3️⃣ => Oversold Zone Gold is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone. As per my trading style: As Gold approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...) 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
OANDA:XAUUSDLong
by TheSignalyst
2
Currency Wars: Exploring BTC/Fiat Ripple Effects on Key Markets1. Introduction In today's interconnected financial markets, major fiat currencies like the Euro (6E) and Yen (6J) play a critical role in influencing USD-denominated assets. The relative strength between these currencies often reflects underlying economic trends and risk sentiment, which ripple across key markets like Treasuries (ZN), Gold (GC), and Equities (ES). However, Bitcoin (BTC), a non-traditional digital asset, introduces an interesting divergence. Unlike fiat currencies, BTC's behavior during periods of significant market stress may reveal a unique relationship to USD movements. This article explores: The relative strength between the Euro and Yen. Correlations between fiat currencies, BTC, and USD-denominated markets. Whether BTC reacts similarly or differently to traditional currencies during market volatility. By analyzing these dynamics, we aim to identify how shifts in currency strength influence assets like Treasuries while assessing BTC’s independence or alignment with fiat markets. 2. Relative Strength Between 6E and 6J To evaluate currency dynamics, we compute the relative strength of the Euro (6E) versus the Yen (6J) as a ratio. This ratio helps identify which currency is outperforming, providing insights into broader risk sentiment and market direction. Another way to think of this ratio would be to use the RY1! Ticker symbol which represents the Euro/Japanese Yen Futures contract. Correlation Heatmaps The correlation heatmaps below highlight relationships between: o Currencies: Euro (6E), Yen (6J), and Bitcoin (BTC). o USD-Denominated Markets: Treasuries (ZN), S&P 500 (ES), Crude Oil (CL), Gold (GC), and Corn (ZC). o Key Observations (Daily Timeframe): The 6J (Yen) shows a positive correlation with Treasuries (ZN), supporting its traditional role as a safe-haven currency. Bitcoin (BTC) demonstrates mixed relationships across assets, showing signs of divergence compared to fiat currencies during specific conditions. o Key Observations (Weekly and Monthly Timeframes): Over longer timeframes, correlations between 6E and markets like Gold (GC) strengthen, while the Yen's (6J) correlation with Treasuries becomes more pronounced. BTC correlations remain unstable, suggesting Bitcoin behaves differently than traditional fiat currencies, particularly in stress periods. 3. BTC Divergence: Behavior During Significant Moves To assess BTC's behavior during stress periods, we identify significant moves (beyond a predefined threshold) in the Euro (6E) and Yen (6J). Using scatter plots, we plot BTC returns against these currency moves: BTC vs 6E (Euro): BTC returns show occasional alignment with Euro movements but also exhibit non-linear patterns. For instance, during sharp Euro declines, BTC has at times remained resilient, highlighting its decoupling from fiat. BTC vs 6J (Yen): BTC's reaction to Yen strength/weakness appears more random, lacking a clear pattern. This further underscores BTC’s independence from traditional fiat dynamics, even as Yen strength typically aligns with safe-haven asset flows. The scatter plots reveal that while fiat currencies like the Euro and Yen maintain consistent relationships with USD-denominated markets, Bitcoin exhibits periods of divergence, particularly during extreme stress events. 4. Focus on Treasury Futures (ZN) Treasury Futures (ZN) are among the most responsive assets to currency shifts due to their role as a safe-haven instrument during economic uncertainty. Treasury prices often rise when risk aversion drives investors to seek safer assets, particularly when fiat currencies like the Yen (6J) strengthen. 6E/6J Influence on ZN From the correlation heatmaps: The Yen (6J) maintains a positive correlation with ZN prices, particularly during periods of market stress. The Euro (6E) exhibits a moderate correlation, with fluctuations largely dependent on economic events affecting Eurozone stability. When relative strength shifts in favor of the Yen (6J) over the Euro (6E), Treasury Futures often attract increased demand, reflecting investor flight-to-safety dynamics. Forward-Looking Trade Idea Given the above insights, here’s a hypothetical trade idea focusing on 10-Year Treasury Futures (ZN): Trade Direction: Long Treasury Futures to capitalize on potential safe-haven flows. Entry Price: 109’29 Target Price: 111’28 Stop Loss: 109’09 Potential for Reward: 126 ticks = $1,968.75 Potential for Risk: 40 ticks = $625 Reward-to-Risk Ratio: 3.15:1 Tick Value: 1/2 of 1/32 of one point (0.015625) = $15.625 Required margin: $2,000 per contract This trade setup anticipates ZN’s upward momentum if the Yen continues to outperform the Euro or if broader risk-off sentiment triggers demand for Treasuries. 5. Risk Management Importance Trading currency-driven assets like Treasury Futures or Bitcoin requires a disciplined approach to risk management due to their volatility and sensitivity to macroeconomic shifts. Key considerations include: a. Stop-Loss Orders: Always use stop-loss levels to limit downside exposure, especially when markets react sharply to currency moves or unexpected news. b. Position Sizing: Adjust position size to match market volatility. c. Monitor Relative Strength: Continuously track the 6E/6J ratio to identify shifts in currency strength that could signal changes in safe-haven flows or BTC behavior. d. Non-Correlated Strategies: Incorporate BTC into portfolios as a non-correlated asset, especially when fiat currencies exhibit linear correlations with traditional markets. By implementing proper risk management techniques, traders can navigate the ripple effects of currency moves on markets like Treasuries and Bitcoin. 6. Conclusion The relative strength between the Euro (6E) and Yen (6J) provides critical insights into the broader market environment, particularly during periods of stress. As shown: Treasury Futures (ZN): Highly sensitive to Yen strength due to its safe-haven role. Bitcoin (BTC): Demonstrates unique divergence from fiat currencies, reinforcing its role as a non-traditional asset during volatility. By analyzing correlations and BTC’s reaction to currency moves, traders can better anticipate opportunities in USD-denominated markets and identify divergence points that signal market shifts. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CBOT:ZN1!Education
by traddictiv
13
Safe Haven Volume-Weighted Cross-Asset Correlation Insights1. Introduction Safe-haven assets, such as Gold, Treasuries, and the Japanese Yen, are vital components in diversified portfolios, especially during periods of market uncertainty. These assets tend to attract capital in times of economic distress, serving as hedges against risk. While traditional price correlation analyses have long been used to assess relationships between assets, they often fail to account for the nuances introduced by trading volume and liquidity. In this article, we delve into volume-weighted returns, a metric that incorporates trading volume into correlation analysis. This approach reveals deeper insights into the interplay between safe-haven assets and broader market dynamics. By examining how volume-weighted correlations evolve across daily, weekly, and monthly timeframes, traders can uncover actionable patterns and refine their strategies. The aim is to provide a fresh perspective on the dynamics of safe-haven assets, bridging the gap between traditional price-based correlations and liquidity-driven metrics to empower traders with more comprehensive insights. 2. The Role of Volume in Correlation Analysis Volume-weighted returns account for the magnitude of trading activity, offering a nuanced view of asset relationships. For safe-haven assets, this is particularly important, as periods of high trading volume often coincide with heightened market stress or major economic events. By integrating volume into return calculations, traders can better understand how liquidity flows shape market trends. 3. Heatmap Analysis: Key Insights The heatmaps of volume-weighted return correlations across daily, weekly, and monthly timeframes provide a wealth of insights into the behavior of safe-haven assets. Key observations include: Gold (GC) and Treasuries (ZN): These assets exhibit stronger correlations over weekly and monthly timeframes. This alignment often reflects shared macroeconomic drivers, such as inflation expectations or central bank policy decisions, which influence safe-haven demand. Daily Weekly Monthly These findings highlight the evolving nature of cross-asset relationships and the role volume plays in amplifying or dampening correlations. By analyzing these trends, traders can gain a clearer understanding of the market forces at play. 4. Case Studies: Safe-Haven Dynamics Gold vs. Treasuries (GC vs. ZN): Gold and Treasuries are often considered classic safe-haven assets, attracting investor capital during periods of inflationary pressure or market turbulence. Volume-weighted return correlations between these two assets tend to strengthen in weekly and monthly timeframes. For example: During inflationary periods, both assets see heightened demand, reflected in higher trading volumes and stronger correlations. Geopolitical uncertainties, such as trade wars or military conflicts, often lead to synchronized movements as investors seek safety. The volume-weighted perspective adds depth, revealing how liquidity flows into these markets align during systemic risk episodes, providing traders with an additional layer of analysis for portfolio hedging. 5. Implications for Traders Portfolio Diversification: Volume-weighted correlations offer a unique way to assess diversification benefits. For example: Weakening correlations between Gold and Treasuries during stable periods may signal opportunities to increase exposure to other uncorrelated assets. Conversely, stronger correlations during market stress highlight the need to diversify beyond safe havens to reduce concentration risk. Risk Management: Tracking volume-weighted correlations helps traders detect shifts in safe-haven demand. For instance: A sudden spike in the volume-weighted correlation between Treasuries and the Japanese Yen may indicate heightened risk aversion, suggesting a need to adjust portfolio exposure. Declining correlations could signal the return of idiosyncratic drivers, providing opportunities to rebalance holdings. Trade Timing: Volume-weighted metrics can enhance timing strategies by confirming market trends: Strengthening correlations between safe-haven assets can validate macroeconomic narratives, such as inflation fears or geopolitical instability, helping traders align their strategies accordingly. Conversely, weakening correlations may signal the onset of new market regimes, offering early indications for tactical repositioning. 6. Limitations and Considerations While volume-weighted return analysis offers valuable insights, it is essential to understand its limitations: Influence of Extreme Events: Significant market events, such as unexpected central bank announcements or geopolitical crises, can create anomalies in volume-weighted correlations. These events may temporarily distort the relationships between assets, leading to misleading signals for traders who rely solely on this metric. Short-Term Noise: Volume-weighted correlations over shorter timeframes, such as daily windows, are more susceptible to market noise. Sudden spikes in trading volume driven by speculative activity or high-frequency trading can obscure meaningful trends. Interpretation Challenges: Understanding the drivers behind changes in volume-weighted correlations requires a strong grasp of macroeconomic forces and market structure. Without context, traders risk misinterpreting these dynamics, potentially leading to suboptimal decisions. By recognizing these limitations, traders can use volume-weighted correlations as a complementary tool rather than a standalone solution, combining it with other forms of analysis for more robust decision-making. 7. Conclusion Volume-weighted return analysis provides a fresh lens for understanding the complex dynamics of safe-haven assets. By integrating trading volume into correlation metrics, this approach uncovers liquidity-driven relationships that are often missed in traditional price-based analyses. Key takeaways from this study include: Safe-haven assets such as Gold, Treasuries, and the Japanese Yen exhibit stronger volume-weighted correlations over longer timeframes, driven by shared macroeconomic forces. For traders, the practical applications are clear: volume-weighted correlations can potentially enhance portfolio diversification, refine risk management strategies, and improve market timing. By incorporating this type of methodology into their workflow, market participants can adapt to shifting market conditions with greater precision. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
COMEX:GC1!Education
by traddictiv
Follow the Gold...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Gold has been overall bullish, trading within the rising channel in orange. Currently, Gold is in a correction phase, so the lower bound of the channel would act as support. Moreover, the blue zone is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline. 📚 As per my trading style: As #XAUUSD approaches the blue 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
FOREXCOM:XAUUSD
by TheSignalyst
6
Will Gold Hold at 2630? Key Levels for Bulls and BearsI'm eyeing a sell opportunity in gold (XAUUSD) , targeting the 2660 level for an ideal short entry. The price is expected to dip towards 2630 , a significant support zone, where a potential reversal could occur. If the market finds strength there, we may see a bounce as buyers step in. Geopolitical tensions continue to support gold's safe-haven appeal, but a stronger dollar or global risk-off sentiment may keep downward pressure in the short term. Monitoring price action closely around these levels for potential setups.
FOREXCOM:XAUUSDShort
by bluechipfx
GOLD REACHES NEW HEIGHTS AMID RISING SAFE-HAVEN DEMANDUS economic data   Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy. ECB rate cut   ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach. US dollar index-   The US dollar index showed a minor decline due to profit booking.  A break above 104 would confirm a continuation of the bullish trend.   Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.
OANDA:XAUUSDLong
by DynamicCapital-FX
SilverStill on the very same idea as yesterday, we got stopped out of the initial trade but getting a better price to work with, lets see how the next few days pan out, i am expecting to be stopped out a number of times due to election volatility but still we keep the same risk as usual, please trade with caution. *Initial Idea* The US Federal Reserve’s policy decision, set for Thursday, is capturing market attention. A 25 basis point rate cut is widely anticipated this week, with the CME FedWatch Tool indicating a 99.5% likelihood of this move in November. Such a rate cut could lend support to Silver, as lower interest rates decrease the opportunity cost of holding non-yielding assets. In addition, expectations for further economic stimulus from China could enhance Silver's demand outlook. The Standing Committee of the National People's Congress (NPC) is convening for a five-day meeting from November 4 to 8, where a stimulus package possibly exceeding 10 trillion yuan may be approved to boost China’s economy. As one of the world’s largest centers for electronics, solar panels, and automotive manufacturing, China’s increased activity could significantly drive up Silver demand.
TVC:SILVERLong
by Sifiso_Ntshingila
GOLD - History Repeating Itself... Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔I find the Gold 4H chart interesting. Do you see a pattern here? Look at the first three purple projections. Gold broke below a low (marked in red), which signaled the start of a correction. The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase. Currently, Gold seems to be pausing, which might indicate the start of another correction phase. 🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,710, followed by a break back above it. This projection could lead to the upper bound of the blue channel, around $2,850. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
11
safe-haven play :USD vs. NZDIn several of my previous analyses, I mentioned the state of the Forex market due to geopolitical tensions . As a result, we are witnessing an increase in safe-haven currencies like USD compared to riskier currencies such as AUD and NZD. Therefore, by following proper risk management principles, you can open short positions on this currency pair. Additionally, from a technical perspective, after breaking down the ascending channel, the price has formed the first wave of Elliott and, after its correction, has completed the second wave. In the most recent candle, it has entered the third impulsive wave. Target 1: 0.59750 Target 2: 0.58626 Stop Loss: 0.61010
Short
by Market-Analyzer
GOLD - History Repeating Itself...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔I find the Gold 4H chart interesting. Do you see a pattern here? Look at the first two purple projections. Gold broke below a low (marked in red), which signaled the start of a correction. The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase. Currently, Gold seems to be pausing, which might indicate the start of another correction phase. 🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,625, followed by a break back above it. This projection could lead to the upper bound of the blue channel, around $2,800. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
6
Silver Shines Brighter: A Bullish Run to $39.62 After Rate Cut?Hey Realistic Traders, let’s dive into the analysis of OANDA:XAGUSD On the daily timeframe, silver has consistently traded above the EMA100, signaling a strong bullish trend. Additionally, it has broken through the upper trendline of a wide descending broadening wedge pattern . This breakout, confirmed by a bullish Marubozu candlestick, indicates strong buyer momentum. The MACD’s bullish crossover further supports the expectation of continued upward movement. With these technical indicators in alignment, we anticipate silver advancing toward Target Area 1 at 36.76 and potentially reaching Target Area 2 at 39.62. However, the support level at 27.59 remains critical; a break below this level could invite bearish pressure. In the broader macroeconomic landscape, central banks across multiple countries are enacting rate cuts to stimulate growth amid slowing economic conditions. Combined with declining manufacturing PMIs, geopolitical tensions, and the US-China economic slowdown, these factors heighten uncertainty. As a result, safe-haven assets like silver and gold are expected to benefit, as investors seek protection against market volatility. This influx of demand may provide further upward momentum for silver prices. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAGUSDLong
by financialfreedomgoals101
Gold will Shine again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈After breaking above the $2,500 mark, Gold has been bullish trading within the rising red channel. Currently, Gold is in a correction phase. Moreover, the $2,475 - $2,500 is a strong support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as non-horizontal support. 📚 As per my trading style: As #Gold approaches the red circle, 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
OANDA:XAUUSD
by TheSignalyst
2
Why is the Swiss Franc Defying the Odds?In a global economy where central banks are leaning towards softer monetary policies, the Swiss Franc is charting its own course—strengthening against the odds. But what forces are truly at play here? Is it merely the cautious whispers of the Swiss National Bank, or is there a deeper undercurrent, tied to inflation expectations and global safe-haven flows? As we peel back the layers, we uncover a narrative that challenges conventional wisdom. Discover the intricate dynamics that could redefine how we perceive currency resilience in today's volatile market landscape. The franc's unexpected strength has sparked a flurry of theories. Some point to the SNB's potential reluctance to cut interest rates as aggressively as its peers. Others suggest that the widening gap between Swiss and global inflation expectations could be fueling the franc's appreciation. Yet, the franc's safe-haven status and its role in carry trades add another layer of complexity to this puzzle. The EUR/CHF currency pair, a barometer of the Eurozone and Switzerland's economic health, is particularly sensitive to the franc's strength. As the franc appreciates, it can impact trade balances, inflation, and overall economic competitiveness. As the global economic landscape continues to evolve, the enigma of the Swiss franc's resilience persists. Is this a temporary anomaly, or a harbinger of a new era in international finance? Only time will tell.
Short
by signalmastermind
Will Gold Hit $3,000 with Fed Rate Cuts and Geopolitical Risks?Gold has outperformed the broader U.S. stock market this year, with analysts predicting further gains as the Federal Reserve nears rate cuts. Gold surged to a new record high of over $2,500 per ounce, and some experts forecast it could reach $3,000 next year. Key drivers include potential Fed easing, geopolitical uncertainties, and increased demand from central banks diversifying away from the U.S. dollar. As interest rates decline, gold’s appeal as a safe-haven asset continues to grow.
FX_IDC:XAUUSDLong
by signalmastermind
Gold: A Strategic Asset in an Uncertain WorldGold's appeal as a safe-haven asset has been reinforced by recent geopolitical tensions. This analysis explores the factors driving gold prices, including geopolitical risks, economic conditions, and the role of gold ETFs. Gold has proven its resilience as a safe-haven asset during times of uncertainty. Geopolitical tensions, particularly in the Middle East, have fueled demand for gold. While economic factors also influence gold prices, the metal's role as a portfolio diversifier remains compelling. Consider gold ETFs for convenient exposure. Gold serves as a valuable safe-haven asset, particularly during times of geopolitical instability. Key Points: Geopolitical Risks: The article highlights the increasing geopolitical tensions globally and their impact on financial markets. The Middle East, in particular, is identified as a region of significant concern. Gold as a Hedge: Gold's unique characteristics, such as liquidity, store of value, and diversification benefits, make it an effective hedge against geopolitical risks. Economic Factors: While geopolitical factors are emphasized, the analysis acknowledges the influence of economic conditions, including interest rates and inflation, on gold prices. Investment Vehicles: Gold ETFs, like the SPDR Gold Shares ETF (GLD), are presented as convenient options for investors seeking gold exposure.
AMEX:GLDLong
by signalmastermind
When you go to buy, don't show your Silver!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAGUSD has been overall bullish, trading within the rising wedge in blue. Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting the previous major high marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green previous high and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #SILVER approaches the blue 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
OANDA:XAGUSD
by TheSignalyst
Gold - Getting Ready for the Next Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAUUSD has been overall bullish, trading within the flat rising channel in blue. Currently, XAUUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #Gold approaches the blue 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
OANDA:XAUUSD
by TheSignalyst
2
Gold & ETH - Who Follows Whom?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I always keep an eye on Gold to gauge the overall market sentiment. 📚 I found the latest correlation between Gold and ETH interesting ! You know what? I will keep this post short, as the picture is self-explanatory ! The question is... Who follows whom? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
5