GOLD is Screaming "BUY ME!!!" - Here is How to Take AdvantagePrice, time, and patience is the way to gain clarity in the market. Gold whipsawing price action has caused me to establish an alternative "bearish" bias, especially the last Friday sell-off.
However, the current price action and movement during this week are showing a new pattern and increasing my confidence for the bulls!
Price is making a 1-2, (i)-(ii) pattern which is an indication for an extended wave 3 (mean a sharp rally is underway).
The previous wave 2 corrective structure unfolded as an expanded flat and retraced 78.6% of wave 1. The current wave (ii) of (iii) of 3 is correction is also unfolding as an expanded flat, and it will most likely be terminated at 78.6% retracement of wave (i). As you can see from the chart, that level lined up with 3rd bounce of ascending trendline and blue zone.
HISTORY LESSONS
"History Does Sometimes Repeat Itself! And Those Who Do Not Learn History Are Doomed To Repeat It."
Repeat it in the sense that, you can either take advantage of the opportunity or missed out on the new rally.
For confirmation & conservative entry, wait for the price to breach the green line after the price has already dipped down to the blue zone.
See related link for Higher Time Frame analysis.
What's your thought about Gold, bullish or bearish?
Best of luck on the chart!
Veejahbee.
Safehaven
BITCOIN ENDING DIAGONAL PATTERN IS HINTING A POTENTIAL RALLYPirce has been in a corrective wave after the sharp advance in Bitcoin that formed a leading diagonal pattern.
The correction which seems to be unfolding as an a-b-c zigzag pattern is about to complete. The blue zone on the chart is a critical area for the ending diagonal in wave (c) of c to bottom.
The break of wave (2) of c high will signal the resumption of the trend and the invalidation level on the chart will be the stop loss level.
This rally can be short-term A-B-C, or a longterm 1-2-3 wave pattern.
Best of luck on the chart!
Veejahbee.
CHFJPY UPDATE: Looking for Buy Opportunity CHFJPY dipped lower and resume higher yesterday but correction might not be completed yet.
From the look of things, the correction might be unfolding as an expanded flat pattern. I will wait for the price to deep lower to the blue zone for a potential entry.
The invalidation level on the chart is critical for buyers, so my stop loss will be there if I secure an entry!
Best,
Vee.
AUDJPY Trade OpinionActually, the news from the RBA Gov Lowe does not mention the economy nor monetary policy in his speech. RBA Gov Lowe is still confident consumers will spend more. Australian weekly consumer confidence rises to 109.0 this week from 108.1 the previous. China's inflation data for November were better than expected but cpi had good changes more than PPI. Things weren't too bad from Australia's side but the yen is taking over against the Aussie so far which seems fishy but talking about the yellow metal it is gaining upward momentum after the deep fall last time. Safe havens are acting shady at the moment. Ahead this week, there are event risks including the FOMC Wednesday and tariff announcement due from the US on Sunday. If those are what market players fear about maybe risk appetite have dropped lower which is helping the safe havens and we should be taking care of this risk sentiment to be either positive or negative throughout the week which should make things easier to predict the direction for this cross pair.
Gold: Recap from NovemberHi Guys,
the situation is the following.
On Nov.7h Gold breached support at 1479/80 (light blue bold horizontal line). The break was favoured by a big Gap-Up in US stocks, prompted by growing optimism in respect of US-China Trade Deal as detailed in the following idea posted on Nov.9th (Tradingview did not allow for this idea to be public because timeframe is 5 minutes).
If it was for me all ideas should be public regardless timeframe.
Apex of this optimism was reached when news came out about U.S. willingness to lift tariffs.
When Trump said the reports were incorrect, optimism stumbled for support and formed (B). From (B) Gold retraced 0,382 Fibonacci of AB to make (C).
BC may have been a Bear Rally but under these circumstances I am not 100% convinced it can be called so.
At (C), test of support become resistance, the 100SMA pushed price down again towards (B). Such push from the 100SMA represents the "Bearish Pressure". Same "Bearish Pressure" that was defeated when pulling back from (D).
Click & Play the above to see how the rounding bottom forming (D) unfolds.
(D) is a rounding bottom at same level of (B). Such structure provides a nice support for bulls to try to attack the descending "Bearish Pressure". Infact price pullback from (D) and breaks the 100SMA to run into 200SMA on the upper band of the 100BB at 1479/80 as detailed in the following Public post:
I really liked the idea of a CUP & HANDLE (Gold likes it too) but good NFP above expectation boosted optimism on US economy and pushed Gold price down. I am not labelling the circled area because I don't know what it could be yet. If you have any idea please share it in the comments.
TO NOTE: RSI primary chart modified to follow price moves above & below 100SMA. This shows that sentiment returned positive before NFP. NFP pushed sentiment back into bearish territory. Gold price is still above double bottom which provides support.
The following ideas may help to make some planning:
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD vs SILVER vs GOLD/SILVER RATIOHi Guys,
just some infos.
Following surprising NFP datas today, silver has fallen below B whilst Gold/Silver ratio has run above.
Gold instead remains above B.
Does it mean that Gold will soon follow Silver? I don't know...I am asking. Lol
Here a link to the explanation provided by Investopedia in respect of the Gold/Silver Ratio: www.investopedia.com
And here an idea posted some time ago with some snapshots:
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD: what if...Hi Guys,
uncertainties over a US China Trade Deal by year end formed a double bottom in divergence with RSI that favoured the pullback from D into descending 200SMA and on upper band of the 100BB. To note that this encounter between BB and SMA occurred when sentiment was overbought.
A similar formation occurred few weeks ago when B was forming. Here the idea posted at the time:
The pullback from B retraced 0,382 Fibo of AB before receiving the push down by the 100SMA to from D. Is the 200SMA pushing the same? Or will price manage to break through towards E(D) into descending trendline?
If the latter was going to happen, and that is a CUP & Handle, a good opportunity may be when handle breakout. But, it may not be that easy to position with adequate stops as a 200SMA keeping price down is very strong.
TO NOTE. NFP will be released today.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD: US vs China trade war TimelineHi Guys,
I had this idea from Reutres as today they published an article with a nice SPX chart with a timeline of the US-China Trade War. For easy reference please find below the article.
www.reuters.com
To note how trade news impact both markets in a short-medium terms whilst on longer terms other factors IMHO have a much bigger impact i.e. monetary policies and fiscal policies.
Please share your view and for additional infos about GOLD have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD vs USD/JPY: ALERT - FLASH CRASH 2020Hi Guys,
there is a huge divergece between these two charts and maybe the start of the new year is a good moment to make an adjustment.
Gold made a strong move above A.
USD/JPY did not.
Is it possible for USD/JPY to fall below 100?
What could cause such a move?
What happens if it is not a flash crash but it is prolonged?
What would happen to Nikkei and Japanese economy?
If Gold keeps moving higher, will USD/JPY move finally towards A and maybe cross below 100?
Can this all happen in a FLASH CRASH?
What if it happens to Gold instead?
Just for easy reference here a link to a video on Youtube in respect of 2019 Jan Flash Crash.
www.youtube.com
Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD: some infosHi Guys,
Just some thoughts.
Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
The GOLD Discussion CHAT is real fun. Join IN.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD vs USD/JPY: inverted correlationsHi Guys,
this is rough structure based on the daily chart. If Gold moves up, USD/JPY move down, If Gold makes a bottom or a top, USD/JPY makes the opposite.
Tops and bottoms are formed but not at the same time. Moves goes in the opposite direction but they have different lenght and magnitude.
Sometime, not always, it is possible to understand which one is moving first and spot opportunities in the other market.
Here below weekly charts:
For additional snapshots please have a look inside previous idea:
Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: narrative of the pullback from BHi Guys,
here below technical structures:
Here the post iro pullback of AB:
More infos:
Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: where are the opportunities?Hi Guys,
it was on Aug.12 when I posted the following chart and Gold was at 1495 running into 1560:
Fear of tariffs and worries over deterioration of US-China negotiations drove that run.
Today those worries are creeping in again at 1445, and this is what stopped Gold at B.
As far as the main Daily Chart of this post is concerned, to note that from 2 price commenced a correction inside a TR with the shape of a flag with lower point at B (1445), retracing 0.382 fibo of the Bull Run (1->2).
Click & Play the followings to watch how price moves compared to structures:
Questions:
1) Can the retracement of bull run (1-2) be extended into 200SMA?
2) If yes, how why and when?
3) Can the pullback from B be extended?
4) If yes, how why and when?
3) Disregarding directions, where are the opportunities?
Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
CADJPY Might Attempt A Move Upwards To Around 84.000 Area!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
XAUUSD: Lower High extension to 1,490.Gold found Support at 1,445 and the 1D Channel Down (RSI = 44.921, MACD = -8.910, Highs/Lows = -1.3722) priced its Lower High. Based on the previous time (September 18th) it bounced on the Lower High trend line (dashed) it increased by +3.60%. With the 4H MA200 (orange) however limiting its upside to 1,500, we are setting a 1,490 Target on this bullish leg. You may also check the 4H RSI for taking profit, a 72.30 value marks the top.
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ORBEX: Risk Sentiment Up On Trade Negotiations Impasse In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse.
With the market's appetite shifting to rollbacks but not getting the response they want from the US, gold could move a tad higher. But technicals see the upside limited to a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
GOLD: potential Cup & Handle formation to end ABHi Guys,
This is my view on Gold for a short term pullback into 0,382 Fibonacci retracing AB at 1472.
Below how AB looks in the daily chart and where 1472 is.
Please also click & play the following chart prior of making B (above)
And this is the 1hr chart with more or less the same infos.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
USD/JPY: another divergenceHi Guys,
I am posting this structure in order to understand if there is an opportunity to trade the continuation of the run into the descending trendline.
If the pair makes such a move, IMHO, Gold may be bearish for a while as the two markets are inversely correlated due to their safehaven status.
To note RSI set at 7 (not 14) in order to follow 17MA inside upper and lower band of the bollinger.
If you have any questions or comment to add please do not hesitate to post it.
For additional infos about USD/JPY please refer to the related ideas linked at the end of this post.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: there is a divergenceHi Guys,
the above chart is providing a structure within the context of SPX and US-China trade deal.
Gold pulling back following Reuters' news
Following what happened in the last few days based on growing optimism iro US-China trade deal, here is the link to an article published by Reuters today on the subject. (www.reuters.com)
The vertical grey line is when I posted the same chart yesterday morning. If you click & play the following, you will end up looking at the same structure.
To note: RSI lows are in divergence with 3 to b. RSI makes a low higher then b right when Trump tells to journalist that he had not agreed to roll back tariffs.
Technically the short term structure may suggest a pullback into descending SMA but in order for it to happen, optimism must fade away otherwise please note that Friday closed below 3, which, IMHO is very bearish.
IMHO the question is: the RISK-ON mood that was triggered last Thursday is still ON or is already feading?
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.