Gold will be Slave or Master❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After breaking above the $2100 resistance, XAUUSD surged by 5%.
How high can Gold climb?
The marked red circle represents a significant resistance and overbought zone as it marks the intersection of:
1- $2250 round number.
2- Upper red trendline from weekly.
3- Upper blue trendline from daily.
🏹 Thus, the highlighted blue circle denotes a robust area to anticipate a potential reversal.
And keep in mind: the bigger the impulse, the bigger the correction.
Therefore, when Gold begins to trade lower, be prepared!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
WAR
Israel War and Gold ConspiracyIn September 2023, gold prices had a sell-off for the whole month, reaching daily support levels while the RSI was oversold below average. Interestingly, during this period, the announcement of the conflict involving Israel coincided with gold's approach to a crucial support area, prompting speculation about foreknowledge or market pricing in of this event.
This scenario recalls a fictional scene from a movie where terrorists hijack an airplane, disguising it as a system failure to profit from short-selling airline stocks. While fictional, it highlights the potential manipulation of events for financial gain. This raises broader questions about the influence of powerful entities, often termed the "elite," in shaping global events to their advantage.
Coincidence or orchestrated?
GOLD, will NFP finally start wave C?Hello everyone,
Gold currently confusing traders as it switches between correctional movements and speculative pullbacks. From a technical point of view the 2067 level is now very important for the next move, which I expect to be a short one. Only a daily candle close above can invalidate the short scenario which would have the targets 1980 , 1920 and 1895 .
The yellow triangle is a possible reversal zone for a wave 2 bottom and bullish move towards new ATH with targets at 2300 and 3000 .
Looking at the big picture of Gold, it has been in a very long consolidation in the 1640 - 1980 range. So far every breakout attempt over the upper boundary has been sold within a few days. But with the break above 2000 related to the middle east conflict Gold was able to stabilize above 1980. Most likely the 1980 will be retested to built liquidity for a bullish move first.
I suggest to go short to anticipate in wave C of wave 2. The reversal zone for this move is the current resistance 2060 - 2067.
I will keep you updated if I see conformation or trading opportunities. If you have any questions feel free to contact me.
DEFENSE WINS CHAMPIONSHIPS (Global Conflict Summary EDITION)Per the council of foreign relations, these are the following current global conflicts. I've included a brief description of each conflict. It's important to understand these if you're planning or already are investing in defense stocks.
Per TA, I've labeled bearish price targets, bullish price targets, relevant trends. It looks overvalued from analysis on ITA, but there is upside. I'd say that short term probably favors bulls (talking maybe weeks if not less), mid term probably favors the bears (multiple months), long term will likely favor bulls, but it will depend on the movement we see over FEB and March.
Global Conflict Summary
Americas
Criminal Violence in Mexico
The criminal violence in Mexico involves various organizations such as Sinaloa, Los Zetas, Tijuana/AFO, Juárez/CFO, Beltrán Leyva, Gulf, La Familia Michoacana, the Knights Templar, and Cartel Jalisco Nuevo Generación (CJNG). The violence is attributed to the increase in crime rates and the limited interventions by the state and municipal police.
Instability in Haiti
The instability in Haiti involves the government, opposition parties, and the international community. The crisis revolves around the dispute over the presidential term and the government’s inability to control skyrocketing prices of commodities.
Instability in Venezuela
Venezuela is facing an unprecedented social and humanitarian collapse due to poor economic policies, political conflict, and the international community’s unsuccessful attempts to bring about positive change. The conflict involves the government under President Nicolás Maduro and opposition groups.
Asia
Instability in Afghanistan
Since the Taliban reclaimed control of Afghanistan in 2021, the country has further plunged into political and economic instability. The conflict involves the Afghan government, the Taliban, and various local and international actors.
Territorial Disputes in the South China Sea
China’s sweeping claims of sovereignty over the sea have antagonized competing countries. The key parties involved in this territorial dispute are China, the Philippines, and the US.
North Korea Crisis
North Korea could resort to nuclear weapons in a crisis as it is making significant progress toward implementing a more robust nuclear strategy. The crisis involves North Korea, South Korea, the United States, Japan, and other international actors.
Instability in Pakistan
Pakistan continues to face multiple sources of internal and external conflict. Extremism and intolerance of diversity and dissent have grown, threatening the country’s prospects for social cohesion and stability. The conflict involves the Pakistani government, opposition groups like the Pakistan Muslim League and the Pakistan Peoples Party, and militant groups like the Tehrik-e-Taliban Pakistan (TTP).
Conflict Between India and Pakistan
Since 1947, India and Pakistan have been involved in a number of wars, conflicts, and military standoffs, with the Kashmir conflict serving as the catalyst for every war between the two states. The conflict primarily involves India and Pakistan, with the disputed region of Kashmir being a major point of contention.
Confrontation Over Taiwan
Tensions are rising over Taiwan as China’s power and assertiveness grows, competition between the U.S. and China spreads, and the Taiwanese people develop a distinct identity increasingly disassociated from the mainland. The key parties involved in this conflict are China, Taiwan, and the US.
Civil War in Myanmar
The civil war in Myanmar escalated significantly in response to the 2021 military coup d’état and the subsequent violent crackdown on anti-coup protests. The conflict involves the National Unity Government, People’s Defence Force, Chinland Defence Force, Chin National Defence Force, Karenni Nationalities Defence Force, and other ethnic armed organizations against the State Administration Council and Tatmadaw.
Europe and Eurasia
War in Ukraine
The war in Ukraine involves Ukraine and Russia. The conflict is over the sovereignty of Crimea and parts of eastern Ukraine, which Russia annexed in 2014.
Nagorno-Karabakh Conflict
The Nagorno-Karabakh conflict involves Armenia and Azerbaijan. The dispute is over the Nagorno-Karabakh region, which is internationally recognized as part of Azerbaijan but is governed by ethnic Armenians.
Middle East and North Africa
Conflict in Syria
The conflict in Syria involves the Syrian government, opposition groups, and various international actors. The civil war began in 2011 as part of the Arab Spring protests and has since escalated into a multi-sided conflict involving numerous factions and foreign powers.
Instability in Iraq
The instability in Iraq involves the Iraqi government, various ethnic and religious groups, and international actors. The conflict stems from sectarian tensions, political instability, and the presence of ISIS.
Israeli-Palestinian Conflict
The Israeli-Palestinian conflict involves Israel, Palestine, and various international actors. The conflict is over the sovereignty of the Palestinian territories and the establishment of a Palestinian state alongside Israel.
Sub-Saharan Africa
Conflict in the Central African Republic
The conflict in the Central African Republic involves the government, various rebel groups, and international actors. The conflict stems from political instability, ethnic tensions, and control over the country’s rich natural resources.
Conflict in Ethiopia
The conflict in Ethiopia involves the Ethiopian government, the Tigray People’s Liberation Front, and various ethnic and regional groups. The conflict stems from political tensions, ethnic disputes, and disagreements over the country’s system of ethnic federalism.
Please note that this is a brief summary and does not cover all aspects of the conflicts. For more detailed information, please conduct further research.
🔥 XAU/USD - Shadow of WAR in the market ? (READ THE CAPTION)As you can see, last night, after the analysis we had, the price was able to experience a strong drop and correct it until $2013! After that, the price was accompanied by relative demand to be able to fill the liquidity void that had been created! After the price had grown to about $2030, the news of the war was published in the market, and this caused gold to grow strongly and grow up to $2056! Probably, this growth will continue until the range of $2061 to $2066 as the first target, and then we have to wait for the price reaction to this level! Pay attention that during times of war, gold is regarded as a safe asset and this will increase its demand and price of it! This analysis will be updated step by step! In addition, the growth that gold has had from $2013 to $2056 has created a large liquidity gap, which is expected to be filled in the short term with the drop in price!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
War/Defence Stocks: Macro Fib SchematicsThis handcrafted idea using Advanced Fibonacci Tools beholds 6 of the largest War Mongering "Defence" contractors.
( Raytheon, Boeing, Lockheed Martin, Northrop Grumman, General Dynamics, L3 Harris Tech )
These Fibonacci Schematics show all price manipulation of Support and Resistance. I've started the timeline at 1999 for many reasons. One being the already conceived and "soon to be" conflicts of the Middle East with the "war of terror." (Give me a break)
2001 kickstarted another HUGE flow of stimulus into these defence contractors to fund the West's newest war to keep people "proud to be an American". Solely by continuing the collective punishment of millions of people in the Middle East region. This had already been going on for about 2 decades at least before 9/11.
The American Government killed hundreds of thousands to millions of Iraqis and Afghanistan people through this collective punishment. They needed a way to continue their genocidal intent and ethnic cleansing with a false flag terror attack to get the American People back on their side. 9/11 brought out the worst in our country and the "PatRioTiC" US citizens green lit their leaders to dish out more collective punishment even though their leaders had been lying though their teeth for countless years.... I need give only one example with "weapons of mass destruction"
Obviously this matters because these Defence Contractors have blood all over their hands that they are basically swimming in it.
Anyways, this is just a Macro Analysis. These lines represent death and destruction so investing in them is a moral dilemma which I obviously advice against.
EURUSD Pair Projections for Q1, Q2, and Q3 2024Financial Analysis: EURUSD Pair Projections for Q1, Q2, and Q3 2024
Disclaimer : This analysis is based on the information available as of the provided date and is subject to change. It should not be considered as financial advice. Readers are encouraged to conduct their own research before making investment decisions.
Ifo Report and Current Business Climate
The recent Ifo report reflects a clouded sentiment in the German business landscape, with companies expressing dissatisfaction with their current business situations and heightened skepticism regarding the first half of 2024. Notably:
Manufacturing
The Business Climate Index in manufacturing witnessed a noticeable decline, with companies perceiving their current business situation as significantly worse.
Expectations in the manufacturing sector grew more pessimistic, particularly affecting energy-intensive industries.
Service Sector
The service sector experienced a slight improvement in the business climate, driven by increased satisfaction with current business situations.
Service providers displayed reduced skepticism about the outlook for the next six months, although expectations in restaurants and catering saw a nosedive.
Trade
The trade sector suffered a setback, as companies assessed their current situations as notably worse. Holiday trade for retailers, in particular, disappointed.
Construction
The Business Climate Index in construction hit its lowest level since September 2005, with companies reporting a worsened current situation. Approximately half of the companies anticipate further deterioration in the months ahead.
Projections for EURUSD in Q1, Q2, and Q3
The Ifo report's insights into the German business sentiment set the stage for assessing the FX:EURUSD pair's projections:
Q1: Sluggish Momentum
The current scenario suggests a sluggish start for EURUSD in Q1. The clouded business sentiment in Germany may contribute to a sideways market, marked by cautious trading.
Q2: Anticipating Improvement
As Q2 unfolds, there is an expectation of an improvement in the financial situation in Europe. Despite the challenging Q1, signs of stabilization and potential positive developments could influence a more favorable outlook for the EURUSD pair.
Q3: Inverse Head & Shoulders Pattern
An analysis of the larger fractal, specifically the Inverse Head & Shoulders pattern forming in the EURUSD pair, points towards robust bullish momentum. This projection aligns with a potential turnaround by the end of Q2 and the beginning of Q3, indicating a shift towards a more positive market sentiment.
Conclusion
In conclusion, the EURUSD pair is likely to face challenges in the early part of 2024, reflecting the clouded sentiment in the German business landscape. However, signs of improvement are anticipated in Q2, with the formation of an Inverse Head & Shoulders pattern suggesting a strong bullish momentum in the currency pair by the end of Q2 and the beginning of Q3. Traders and investors should closely monitor economic indicators, global events, and the evolving business climate for timely decision-making in the dynamic forex market.
WTI - H4 - Area for Long!WTI is again in the value area and good for long positions.
Manage your risk and set some buy limit in different prices like 70.5 - 71.5 - 72.5
By manage your money wisely you can earn money with out worrying about losing your money.
If this area breaks and oil falls more don't panic!
Just keep your positions and buy in the lower levels
Gold Rush with AI: Analyzing a Bullish TrendIntroduction
G old has always been an intriguing asset for investors, often seen as a store of value and a hedge against economic uncertainty. In this analysis, we take a closer look at a chart showing the price of Gold (OZ) on the Gold-USD market compared to USD ($) to identify trends and potential scenarios for gold's future price movement. So, let's dive into the chart and explore the dynamics of the Gold market.
Bullish Momentum
T he chart reveals a powerful bullish trend in the Gold market, culminating in a local bullish double top pattern on October 27 and October 31, with the price reaching around $2010. This bullish momentum signals a robust demand for gold, driven by various factors like geopolitical tensions and economic uncertainty.
A Double Top Formation
T he double top formation represents a potential turning point in the market. While there are no immediate signs of a bearish reversal, the double top could trigger a consolidation phase. This consolidation might occur within the price range of $1952 (support line) to $2010, forming a support zone indicated by the blue rectangle on the chart.
T he consolidation period is depicted by the white arrow on the chart and could extend until December. This consolidation isn't necessarily a sign of weakness but can be seen as a sign of increasing investor interest and strengthened buying power.
Investor Opportunity
A prolonged consolidation provides an opportunity for both new and existing investors to consider buying into the market. It allows gold to gather sufficient funding, and as long as the investor sentiment remains positive, there's a chance that the price could break the resistance zone (purple rectangle on the chart) between $2002 and $2010.
Further Upside Potential
E ven if the price breaks through this resistance zone, it doesn't necessarily mark the end of the bullish trend. It could trigger further consolidation or higher resistance zones as potential targets. The next significant resistance zone to watch out for is between $2055 and $2065.
Bearish Concerns
H owever, if gold falls from the support zone, it raises doubts about the sustainability of the bullish trend. In such a scenario, the next support zone could be around $1904, where a possible bearish reversal might be considered.
Volume and Investor Sentiment
A part from price and technical indicators, the chart analysis also considers trading volume. In October and November, the volume has been consistently high, suggesting a global need for diversification with gold in portfolios containing indices and other assets. Investors continue to view gold as a valuable precious metal for diversifying complex portfolios, particularly in uncertain economic times.
Key Drivers for Gold Investment
S everal factors are driving investor sentiment towards gold. These include concerns about high inflation in national currencies, increasing oil prices, ongoing geopolitical conflicts, and the long-standing belief that gold tends to rise during times of war.
Conclusion
W hile this analysis provides insights into the current gold market trends, it's essential to remember that investing in gold is a long-term strategy. The precious metal serves as a hedge in complex portfolios and aims for long-term appreciation rather than fast gains.
P lease note that this analysis is not investment advice, and historic results do not guarantee future results. Always conduct your research and consider various safety measures when making investment decisions.
Kind regards,
Ely
Disclaimer: This content is for informational purposes only and does not constitute investment advice or an endorsement of any specific investment. Trading involves substantial risk and is not suitable for every investor. You should carefully consider your financial situation and consult with your financial advisor before making investment decisions.
Gold - Macro View 🌎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 Monthly: Left Chart
From a macro perspective, Gold has been generally bullish, trading within the rising brown channel.
For the bulls to maintain control, a break above the 2075.0 level is essential. In this scenario, a continuation toward the upper boundary of the brown channel can be anticipated.
📌 Weekly: Right Chart
Meanwhile, from a medium to long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary.
As long as the 2075.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold - Fade a The Short Squeeze RallyThe marketing team behind gold and silver are always telling dumb and dead money that they should "hedge" against a "collapsing US Petrodollar" during times of global instability by being long on metals.
The trade rarely works out. Gold and silver not only routinely follow the equities markets straight to Hell, but tend to get dumped during the start of new index impulse swings.
This rally while the SPX gave up its 5% rally is actually a significant anomaly.
But if the propaganda never, ever worked out, the propaganda would stop working and the marketing team would be out of a job.
And that more or less sums up a 10% monthly rally on gold that's killed short sellers who wanted to comfortably ride a trend down.
You can see on the monthly that this price action is just more ranging, more wick plays, and there's a notable unbalanced gap under $1,800.
It's really important to keep a cool head as a goldbug, especially under the condition where the establishment media is reporting that Xi Jinping and the Chinese Communist Party is long several hundred tonnes worth of gold.
The CCP is collapsing and everything that is going on in the world has to do with the various members of the CCP around the world, who are not of the Chinese race, scrambling to bury their skeletons while also trying to ensure they can take control of the country when the regime falls.
And because of that, there's no reason to believe that a CCP that is desperately selling US Treasuries (see: Santiago Capital) for USD is going to be allowed to go plussy plus greeny green on its deeply deep goldy gold position.
What hangs over the head of everyone on this planet is the Party's 24-year persecution of Falun Dafa's 100 million students and Disciples, a sin committed by former Chairman Jiang Zemin on July 20, 1999, that has even had the audacity to commit the unprecedented crime of live organ harvesting.
Keep your distance from and wash your hands from anything related to the CCP, including the western factions that have become a particle of the Party swearing Marxist vows in Shanghai.
So, here's the trade.
Doesn't matter if gold takes $2,015. It's not the right overall timing for a new rally to $2,200.
Instead, either go short, or wait for gold to trade under $1,800 again.
There's no reason to believe gold is a new bull market until longs have been ruthlessly violated. There's no reason to believe metals are going to rally as a hedge during an international war or a major equity sell off, or a major equity rally lol.
What is lurking in gold?Every time XAU/USD has reached the $2,000 range, which is a very important resistance, in the past, after testing this range, it has suffered a sharp drop in value, but today, due to the passage of time and many encounters with this resistance range, it can be He examined the fate of gold a little more closely.
If the United States of America officially participates in the war, gold can grow along with oil due to the increase in conflicts in the Middle East and cross this resistance range, and otherwise even despite the power of the candle.
An increase in this range is expected to decrease towards the support range indicated in the picture, but the loss of this support range is also unlikely for gold. I expect more if it is not able to break the resistance range, the possibility of price range as before in the range channel is also very likely.
But for now, the focus should be on the price reaction to the resistance range
SOS FINANCIAL COMPANY
🔥 XAUUSD - The effect of WAR on the GOLD (READ THE CAPTION)By re-examining gold in the 12-hour time frame, we can see that the price on Friday was accompanied by heavy buying pressure with the announcement of Israel's ground attack on Gaza (Hamas) and considering that gold is a popular and low-risk asset in war conditions. It is considered to have created this amount of demand in the price! The important thing that happened on Friday was that the price attacked the top of the POC Line without any specific reaction to it and closed above this important level ! This important level was $1925 when we saw that the price broke this resistance with great strength and moved towards higher targets, But the important point is that according to my personal strategy, this flow can be given high credibility if the price can be stabilized in at least 1 to a maximum of 3 candles, which means that if the price moves below $1925 again in these 3 days and closes, probably we'll see the drop to $1885 as the first downward target! Pay attention that the most important condition for changing the Bearish to Bullish trend is to stabilize above $1925 and break the price of $1955, in which case we can expect the price to grow even up to $1976 and $2020 ! So this week is very important for gold and we have to monitor the behavior of the price! With the growth that the price had on Friday from 1868$ to 1932$, a large liquidity void has been created, and the probability that this FVG will be filled soon is high! All this will depend on the trading process on Monday and Tuesday! The important supply zone in front of the price is from $1929 to $1954 and we have to see if the price will be rejected from this zone or not, and to fill this gap we must see the consolidation of the price below $1925! I hope this comprehensive analysis will be useful for you!
Best Regards , Arman Shaban
Critical 4 weeks for DAX Following weekly chart.
The last time when I get a short signal to in weekly chart was 4 weeks before COVID crash. (red area in the chart)
Now I got the same signal and unfortunately this is the most trustworthy signal for me.
I think this 4 weeks are really critical and what I expect is we might way to go to gaps below.
Be careful and be careful!
XAUUSD: Is the uptrend at its end?The gold market can experience sudden price hikes due to fundamental situations. If the war situation remains stable, there might be a possibility of some corrections in gold prices from a technical point of view. However, it is essential to note that trading against the market trend can be risky.
I opened this trade because of the reasons explained in the chart above. My initial target price is $1951.