Bullish XAUUSD eyes at 1865 zoneGold against dollar looks to go up after a Inverse H&S pattern , if it completes reaches the necklines , it could be confirmation to go up
Analysis only for education purpose
Commodity
Soy Bean update - 05/06/2022expecting more upside near 1850 to complete wave (5) of ((3)), key level at 1576.6
GOLD idea! 💡💬
Hi traders.
I use the supply-demand method for my analysis.
Check the lower timeframes for confirmation and entry. (5m,1m)
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What do you think about this setup?
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Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
GBP AUDLooking for this pair to hit a couple of key areas. Firstly we are bounded by two prices in this charts movement with 1.775 top and 1.7325 bottom, we have been ranging from these two areas for a while and will look for that to continue. If not and we break below the bottom we are looking at 1.70 as a point of interest to take profits on shorts and to wait to see if we have more selling or a market reversal from this area.
Copper rallying hardCopper bounced very hard off the Yearly Pivot, however it doesn't look ready for a new sustainable rally. Maybe this bounce had something to do with a fundamental catalyst, but nothing to do with the bull market resuming. To me the market is in a very clear distribution phase, and it simply bounced after taking out several major lows. Essentially this is a short squeeze / dead cat bounce, and going for the retest of the breakdown. The market tends to go back and retest such key areas before moving to the original direction. Similar story for Gold which is also bouncing and has some room to the upside before it reverses to the downside.
In the long term I do believe Copper will be headed much much higher, especially as governments print more and more, along with the ESG movement. Copper is necessary for the green revolution and that's why I can see it much higher in the long term. However in the short term the price got too high, too fast, and as it failed to sustain above the 2011 ATHs, it is probably headed towards 3.75 and maybe even lower in the next few years.
For now the first key target for this trade 3.95, although someone could simply take partial profits there. The trade has a fairly decent R/R and decent probability of playing out as long as the market gets to our entry.
XAUUSD, bears may complete the weekendBreakout of long term resistance channel is not look very promising , it could be fake break out to look down towards 1840 zone
Use this analysis for education purpose, trade wisely
INTRADAY BULLS EXPECTED ON GOLDThe trend remains bullish intraday, the is more expectation for bullish continuation with target at 1872.oo price level
Stocks To Watch This WeekThe best setups this week. Etf edition. There are no certainties in the stock market. These names have shown good relative strength . This is an ETF based weekly charts that is designed to make money. This system is perfect for the person who works full time and still wants to follow trend and outperform the market.
Gold Price: Daily Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Gold.
The chart is self-explanatory. If the price does not hold the multi-year support line, expect downward pressure to test the bottom end of the descending broadening wedge as well as the re-test of the descending parallel channel. The price has made multiple attempts to break out of the 0.786 Fibonacci Retracement level but has failed so far. It may make another attempt if the price is supported by the support trendline. Lastly, the overall multi-year pattern since August 2018 is an ascending broadening wedge which is bearish.
Shown in the chart: Trend line, Support and Resistance Lines, Parallel Channel, Ascending Broadening Wedge, Descending Broadening Wedge, Bear Trap, Bull Trap, Breakout Zones, Fibonacci Retracement and Trend Analysis.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRUDE OIL: Bullish Pin Bar SignalCRUDE OIL – Futures: Bullish Pin Bar Signal
Price Action: Price formed a Bullish Pin Bar Signal overnight.
Price moved higher from the recent Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal).
Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level over three weeks ago (We suggested trading the pullback to this signal in the May 1st, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the current Bullish Pin Bar Signal.
Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level.
Elliott Wave Analysis: Natural Gas Confirms Temporary TopHello traders and investors, today we will talk about Natural Gas in which we can see sharp and impulsive decline from the highs, which in Elliott wave theory suggests and confirms temporary top in place.
From Elliott Wave perspective we can clearly see a completed five-wave bullish cycle within 5th wave at projected 9.0 level. In Elliott waves, after every five waves, we can expect a three-wave A-B-C reversal, so with current five-wave drop from the highs, seems like Natgas is now slowing down within a higher degree (A)-(B)-(C) correction.
Well, wave (A) seems to be completed now, so we may now see a three-wave A-B-C corrective rally in wave (B) that can retest 7-8 resistance area and form a nice Head&Shoulders pattern before we will see another sell-off for wave (C).
Happy trading!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BUY OILJust an idea and trade at your own risk.
Oil retested previous demand zone around 90-100 and broke the descending channel at the daily timeframe.
Oil currently testing the supply zone at 110-115 and break above would lead to the upper trendline channel and the next supply zone at $150
BUY GOLDJust an idea and trade at your own risk.
Gold remains bullish and still in its uptrend.
On the weekly timeframe it reached the down channel of the upper trend with possible next up move to new highs toward 2200.
GOLD idea! 💡💬
Hi traders.
I use the supply-demand method for my analysis.
I expect the price will reach 1780.
💬
What do you think about this setup?
💬
Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Silver (XAG/USD) - Weekly - Support, Resistance, TrendlinesSilver (XAG/USD) - Weekly chart.
Support, Resistance, Trendlines.
14-year Logarithmic chart.
05/11/2022.
UNG (US Natural Gas ETF) - Weekly - Support, Resistance, TrendUNG (US Natural Gas ETF) - Weekly chart.
Support, Resistance, Trendlines for reference.
note: chart is on a Logarithmic scale.
05/11/2022.
USO (US Oil ETF) - Weekly - Support, Resistance, TrendlinesUSO (US Oil ETF) - Weekly chart.
Support, Resistance, Trendlines for reference.
10-Year Logarithmic chart.
05/11/2022.
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Let's get down!Overall Average Signal from all our indicators suggests a Short. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GOLD: FALLING WEDGE, NEW LONG OPPORTUNITY?Hello Fellow Gold Bugs!
From a technical perspective, Gold is forming the falling wedge pattern. The trend analysis also indicates a bullish movement. Therefore, We expect Gold will move upward to the target area.
The roadmap will be invalid after reaching the support/target area.
*Disclaimer: The outlook is only used for Educational Purposes, The Creator doesn't responsible for any of your trade position or other financial decisions*
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