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Safehaven

EURCHF: Rallies to be capped!EURCHF Intraday - We look to Sell at 0.9639 (stop at 0.9659) Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 50 4hour EMA is at 0.9630. The previous swing high is located at 0.9656. Our profit targets will be 0.9586 and 0.9576 Resistance: 0.9620 / 0.9640 / 0.9660 Support: 0.9600 / 0.9580 / 0.9560 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
1
Gold Tumbles Through Major Support LevelsGold has plummeted, smashing through significant levels of support. We have broken through the 50% Fibonacci level at 1750, and are testing lower levels in the 1700's. Currently, we are in the 1740's and should see support from 1742 or 1747. The Kovach OBV has steadily declined, confirming the bear trend. If things continue in this manner then we should have support from 1729, teh .236 Fibonacci level. If we can muster the strength for a relief rally, the 50% Fibonacci level at 1780 is our next target.
COMEX:GC1!Short
by quantguy
$vet #vechain/usdt 1hr Vechain is essentially following $btc #bitcoins lead, which is short term bearish. I am neutral for now on $vet but long term very bullish, at the minute vet is going sideways but my target for end of year is $1 vechain vet. As the fundamentals are excellent, for example #Vechain's partnership with PWC has been highlighted in the paper 'Importance Of Blockchain Within The Big 4 CPA Firms: Cryptocurrency’s Existence, and #Vechain has also become the official Layer 1 #blockchain partner of the ufc in a historic global marketing partnership With 900 million+ households across 175 countries, $VET will receive unprecedented brand/asset integration. fundamentally vechain is a excellent choice to buy and hodl, but to trade in the short term is of course reliant on bitcoins movements, as with most of the market. i would spot buy for now and hold, and not buy on margin until we get some clarification what the market (btc intends to do). I provided some Ta on the 1 hour for those that do want to scalp trade, rsi's aren't to high but currently going sideways for today. thanks like and follow for more updates. Technically Bullish.
by TechnicallyBullish
1
GOLD - My Trading Plan in a picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY : Left Chart GOLD is sitting around a strong support zone so we will be looking for buy setups. Knowing that GOLD can still trade lower inside the support or even break it downward. That's why we don't buy blindly, we always zoom in to lower timeframes and wait for the bulls to take over. on M30 : Right Chart GOLD is forming a channel in red but the upper trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing. Trigger => waiting for that third swing to form and then buy after a momentum candle close above it. Meanwhile , until the buy is activated, GOLD can still trade lower. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
21
Gold Rejects the $1800'sGold has rejected higher levels, and retraced to support. Recall that we are in a previous value area between 1795 and 1815, which coincides roughly with the 0.618 Fibonacci level at around 1800. We should see support from the lower bound at 1795, and potentially pivot and test 1815 again. This level should provide formidable resistance, confirmed recently by multiple red triangles on the KRI. If we fail to muster the strength to pivot from current levels, then we should see support around 1780, the 50% Fibonacci retracement level.
COMEX:GC1!
by quantguy
Gold RetracesGold edged higher, breaking out of the 0.618 Fibonacci level at about $1800. However, we encountered resistance at the next technical level above, at $1815. Immediately, we saw the price action round off and retrace back to safety in the $1790's. We anticipate gold to establish value between $1780 and $1800 (two significant Fibonacci levels), unless more momentum can come through and help solidify the $1800's. The Kovach OBV is wavering, which suggests we do not quite have enough momentum yet to sustain a breakout.
COMEX:GC1!Short
by quantguy
Employment Data Hammers BondsBonds crept up but are facing resistance. After ZN tested highs at 121'28, and retraced, it started to establish value between 119'23 and 121'00. The latter has provided prohibitive resistance, as we have discussed this week, and we have seen a rejection, continuing the sideways correction. We saw a wick down to 119'23, where we found support, at first, but we subsequently broke through to the vacuum zone below. This follows Non Farm Payrolls coming in at a surprise beat, with unemployment at 3.5%. Expect support at 119'01.
CBOT:ZN1!Short
by quantguy
Risk aversion sentiment intensified from US-China tensionsEUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/JPY 🔼 USD/CAD 🔼 XAU 🔼 WTI ▶️ Investors flocked to safe-haven assets due to building tensions between the US and China, the greenback and gold had their prices recovered, when US stocks and indices took a hit. Gold futures closed at $1,789.7 an ounce, then slid from $1,804.8 to $1772.5. A stronger dollar rebounded against other major currencies, and EUR/USD declined to 1.0164, currently trading flat. USD/JPY rose sharply to 133.16, almost gaining 150 pips. The loonie had a choppy trading session, USD/CAD eventually gained 31 pips to 1.2875. Meanwhile, several Federal Reserve officials have implied further rate hikes to control soaring inflation. The comments have overshadowed an imminent interest rate increase from the Bank of England on Thursday, GBP/USD was weakened to 1.2172. Despite raising rates on Tuesday, Governor Lowe of the Reserve Bank of Australia claimed “normalizing monetary conditions… is not on a pre-set path”, the relatively dovish comment led the AUD/USD pair to fall below the 0.700 level to 0.6919, losing over 100 pips in the process. Market estimates have the US Crude Oil Inventories decreasing by 629,000 barrels, and WTI oil futures reached a high of $96.26 a barrel before closing at $94.42 with little change. More information on Mitrade website.
by Mitrade_official
Strong Rally in GoldGold has continued to rally, breaking through to the upper 1700's, and reaching our target of 1780. This is the 50% Fibonacci retracement level, which was our target from yesterday's report. A lot of buying momentum has come through for gold, which just a few days ago tested the low 1700's, with a relative low of 1684. As anticipated we are running into resistance here, confirmed by multiple red triangles on the KRI. If we are able to break through the next target is 1800, which is a psychological level and 0.618 Fibonacci level. If we retrace, we should have good support from 1758, the 0.382 Fibonacci level below.
COMEX:GC1!Long
by quantguy
GOLD - Support Rejected✅ Now Approaching A Resistance!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis, we were looking for buy setups around the 1675 - 1700 support zone Now What? GOLD is approaching the upper orange trendline acting as a non-horizontal resistance. Moreover, the zone 1750 is a support turned into resistance. Thus, the highlighted purple circle with the red arrow is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline. As per my trading style: As GOLD approaches the upper purple circle, I will be looking for reversal bearish setups (like a double top 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
11
We Want Our Safe Haven Back! Up!🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. For those who know me well, know that I am a big fan of Gold, not as a long-term investment like I approach stocks and crypto, but as a backup plan if things go sideways. By Gold, I mean physical, tangible Gold🥇. I regularly purchase an ounce every couple of months, depends on my budget, and stack it somewhere safe. I learnt this habit from an Armenian friend. Shoutout to Armenians, you know exactly what I am talking about. Now let's get back to the charts 😁 As per my last two analysis, we have looking for buy setups as Gold was approaching a support zone 1675 - 1700 Gold rejected our support zone and ended up closing bullish for the week. But the question is... are you finally bullish? Not Yet❗️ For the bulls to take over from a long-term perspective, and as per my trading plan / style, we still need a new major high to form. and then, a break above: i- this new major high (projection in purple) ii- 1750 - 1760 zone iii- upper orange trendline then, we will be expecting a shift in momentum from bearish to bullish📈. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
22
GOLD and JPY Correlation!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. We all know that GOLD and JPY are usually positively correlated. Means when Gold goes up, JPY pairs goes down due to JPY strength. Gold is currently sitting around a critical area 1675 - 1700 zone that has been respected since 2020. Here are the possible scenarios: 1- Rejection (blue projection) Gold rejects the 1700 support zone and trades higher. In this case, we will be expecting a reversal bearish movement on USDJPY. The next resistance for would be 1760 while the next support for USDJPY would be 135 2- Breakout (purple projection) Gold breaks below 1700, in this case an over-extended bearish movement would be expected. On the other hand, a continuation to the upside would be expected for USDJPY to test the 150 supply and upper brown trendline. Which scenario do you think is more probable and why? 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
26
Gold Breaks Through to the $1600's!Gold has continued to edge down, and as we mentioned here all week, we have found support in the low $1700 handle, finally breaking through briefly to the $1600's. We tested $1692 with a wick, but a green triangle on the KRI promptly signalled support. Since then, we have equilibrated around $1700. The Kovach OBV has been bearish all week, and we have not even gotten a slight relief rally. If we do see one, we should have resistance around $1721 or $1728.
COMEX:GC1!Short
by quantguy
GOLD - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GOLD is overall bearish trading inside our orange channel, however , it is approaching a strong support area 1675 - 1700 Moreover, the lower orange trendline acts as non-horizontal support. Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower orange trendline. As per my trading style: As GOLD approaches the purple circle, I will be looking for reversal bullish 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
26
XAUUSD (Gold) Prepares for 20 Month Bull Run - 30% PumpBased on what I've been tracking as for Gold's all-time wave structure/pattern, I believe that its due for a yet a strong bullish swing over the next 2 years. In the tail end of what I believe to be a Flat pattern, its safe to expect (take these words lightly) a Wave 5 move to follow in the macro direction of trend - to the upside. Solely based on my perception of the waves and continual fibonacci usage, I have strong belief that Gold will strike into the top range of $2200-$2400. Guessing a timeframe is not my strong suit however, if I had to do so, I'd assume that this range will be seen between Fall 2023 and Winter 2024 (Jan-March). By scrolling to the right on my previous XAU prediction, you can see this same very prediction (see: ) or click at the bottom of this post. Beyond this anticipated pump, I believe that Gold could see a 60% drop over the next number of years to come. As with all ideas and predictions, things are always 1000% tentative. Follow me on for continuously updated ideas and like/share this post if time permits :)
OANDA:XAUUSDLong
by DigitalSurfTrading
4