A common question I receive while coaching retail traders: "Why did gold move up, while dxy was going up" or "why didn't gold drop, when dxy rose" While Gold and the DXY have an inverse relationship, remember that it isn't perfectly inverse. This means that it gold does not have to drop immediately as the dxy rises. There could be a delay reaction, due to the...
Hello Everyone. Lamda team recently captured a beautiful high probability swing trade after tapping on the extreme order block. As soon as the price mitigated it, we switched to M5 for CHoCH based entry. Please pay careful attentions to the markups on the chart. Happy trading Team Lamda
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for XAUUSD . 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
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. After an aggressive bullish movement late 2021, SILVER has been overall bearish trading inside the red falling broadening wedge , and it is currently retesting the upper red trendline. Moreover, the zone 25-26 is a strong resistance zone. 📌 So the highlighted purple circle...
Gold completed the rising wedge pattern on the resistance zone. Gold was able to break the lower line of the rising wedge pattern with a red candle with a long body. I expect Gold will go down at least until the support zone. Gold Analyze ( XAUUSD ), Timeframe 2H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please...
Since microwave 3 was a sharpie wave, we can expect microwave 5 to be truancated. After confirming the end of the 5th, we can expect Gold to fall until the end of the microwave 4. Gold Analyze ( XAUUSD ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea,...
Gold is running near the PRZ(Price Reversal Zone) & the trend line & lower line of descending channel. I expect Gold will go up at least to the upper line of descending channel. Gold Analyze ( XAUUSD ), Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea,...
Looking at the H4 chart, my overall bias for PA1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 1917.5, where the 38.2% Fibonacci line is. Stop loss will be at 1839.0, where the recent low is. Take profit will be at 2113.0, where the previous swing high is. Please be advised that the...
OANDA:XAUUSD is preparing for a pullback soon, as it reaches the end of the rising wedge.
gold has been going higher since the end of last month and is finally due for a pullback. However, this pullback should be short-lived and a healthy correction before resuming higher.
WTI perfect as always! Price, after the breakout of the pattern started anew uptrend.
Looking at the H4 chart, my overall bias for OJ is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 2.1151, where the 100% Fibonacci projection line and 23.6% Fibonacci line is. Stop loss will be at 2.2944, where the previous swing high is. Take profit will be at 1.9053, where the 50% and...
Commodities by themselves are not deflationary! They are dug out of the earth, and that both needs technology and people! The demand for gold and silver is higher, it becomes even higher when there is an industrial application to it. Along with inflation, it cost more and more to refine and dig out Silver/Gold! it cost more for machinery and people. Is Silver...
As the DXY continued to weaken, Gold saw the most benefit as the price climbed steadily to the upside, reaching a high of 1800 which was previously tested in August. Further upside can be anticipated with the price expected to break above the round number resistance of 1800. Be aware of higher volatility with the rice expected to continue climbing toward the...
Looking at the H4 chart, my overall bias for Z01! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 378.250, where tyhe 38.2% Fibonacci line is. Stop loss will be at 390.500, where the previous swing high is. Take profit will be at 362.500, where the 61.8% Fibonacci line is. Please be...
Gold traded with little volatility despite the overnight fluctuation of the DXY, with the price maintaining around the 1750 price level. Look for a potential breakout on Gold, if the price is able to trade above the 1760 level, with the next key resistance level at 1785. However, for Gold to trade sustainably higher, it is anticipated that the DXY would have...
Gold fluctuated strongly overnight as the price spiked down to the 1726 price level before surging strongly to the upside. Breaking above the 1745 interim resistance level, Gold is currently trading at the 1755 price level. This move higher is primarily due to the current weakness of the DXY. Look for Gold to continue trading higher toward the 1780 price...
Short term Elliott Wave View in Silver (XAGUSD) suggests cycle from 7.14.2022 low completed as a flat structure. Up from 7.14.2022 low, wave A ended at 20.86 and pullback in wave B ended at 18.07 as another flat correction. Up from there, Index rallied in another 5 waves in lesser degree. Wave ((i)) ended at 18.94 and wave ((ii)) ended at 18.26. Silver resumed...