In the last 3 trading days, the strong trend brought up Sugar to challenge the diagonal trend line. Eventually it went down yesterday and therefore it is believed to be an excellent short opportunity. Target max = $25.2
Gold is completing a corrective wave. The Gold correction wave structure is Double Three Correction(WXY) . I expect Gold to at least go up to the 🔴 resistance zone($ 1986.25-$ 1979.74) 🔴. Gold Analyze ( XAUUSD ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this...
Short Term Elliott Wave in Copper (HG) suggests the metal ended wave ((2)) pullback at 3.54. The metal has turned higher in wave ((3)). Rally from wave ((2)) low is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((2)), wave (i) ended at 3.618 and pullback in wave (ii) ended at 3.578. The metal extends higher in wave (iii) towards 3.694 and...
Cycle from 5.4.2023 high in Gold is in progress as a 5 waves impulse. Down from 5.4.2023 high, wave ((i)) ended at 1999.30 and rally in wave ((ii)) ended at 2048.15. The metal then extends lower again in wave ((iii)) towards 1931.70 and wave ((iv)) ended at 1983.27. Internal subdivision of wave ((iv)) unfolded as a zigzag Elliott Wave structure. Up from wave...
Hi, everyone👋. To better understand the DXY Index roadmap🗺️, it is better to first look at the DXY weekly time frame:👇(Running well, as I expected ✅) As you can see, the upward trend of DXY will continue. Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory . It seems that DXY is nearing the end of wave 3, and...
We’re looking at the weekly chart. We can see palladium’s price has fallen since 2021 from $3,000 down to today at $1,424. Then in 2022, palladium shot up to above $3,400, this has formed what’s known as a Descending Triangle. This is where the price makes lower highs and bounces on the same floor level. Now that the price has broken below the triangle, this...
Fundamental Backdrop The key takeaways of last week's FOMC meeting show that the FEDs agreed on the need for more rate hikes after May's meeting was 'less certain'. We will likely be seeing strength in the USD. We could see investors shift their money from GOLD to USD instead, weakening it. Technical Confluences Near-term resistance level at 1948 ...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Gold has been overall bullish trading inside the rising channel in red and it is currently retesting the lower red trendline. Moreover, the orange zone is a previous major high turned into a potential support. 🏹 So the highlighted purple circle is a strong area to look...
Fundamental Backdrop The USD is expected to pause interest rates, causing investors to shift their money to Gold. Technical Confluences Resistance at 2001 Current support at 1981 Major support at 1960 Idea We could possibly see price retrace back up to retest the resistance at 2001. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas...
The DXY index experienced a noticeable fall after the announcement of the CPI index. Currently, the DXY indicator is moving in the 🟢support zone($ 101.3-$ 100.82)🟢 and near the lower line of the descending channel. The Regular Divergence(RD+) between the price and the MACD indicator is clearly visible in the ⏰4-hour time frame⏰.👇 According to the theory...
Gold is completing the corrective Zigzag pattern that microwave B has a Contracting Triangle structure. I expect gold to go higher after breaking the upper line of the Contracting Triangle to go up to the target I specified on the chart. ⚠️I tried to put two BUY positions for you with two different RRs (according to your risk strength), but be sure to enter...
Short Term Elliott Wave view suggests Gold ended wave 1 rally at 2081.82. Pullback in wave 2 is in progress as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 2030.21 and rally in wave (b) ended at 2059.56. Wave (c) lower ended at 1999.30 which completed wave ((w)). Wave (c) ended at the 100% – 123.6% Fibonacci extension of wave (a). We...
Gold was able to form Two Ascending Broadening Wedge patterns in the 15-minute time frame. Gold will fall to at least the 🟢 support zone($ 2015.5-$ 2011.420) 🟢 after breaking the lower lines of the Ascending Broadening Wedge patterns. Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you...
Gold is forming an Ascending Broadening Wedge Pattern after breaking the support zone by the breakout candle🔨. Gold is running near the resistance zone. I expect Gold to go down to the 🟢support zone🟢 and will probably decrease more. Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want...
Nice long tail on the weekly chart, after a lower low. Technical indicators MACD and VolDiv appear bearish but this is suspiciously like a hidden dragon. Taken altogether, the first resistance is 76, and once close above 80 is firmed bullish. The lower low suggests more downside, but the length of that tail is telling a very bullish story for the next couple of...
The DXY index has been moving in the descending channel for more than 1 month.📆 DXY seems to have formed the Double Three Correction structure(WXY) in the middle of the descending channel during the last two weeks. I expect the end of wave Y to finish near the middle line of the descending channel and the🟢 support zone($ 101.3-$ 100.82) 🟢, and again DXY will...
Hello TradingView Family / Fellow Traders. This is Richard, also 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
Silver (XAGUSD) ended cycle from 3.10.2023 with wave 1 at 26.08 as the 45 minutes chart below shows. The metal is now correcting cycle from 3.10.2023 low in wave 2. Internal subdivision of wave 2 is unfolding as a double three Elliott Wave structure. Down from wave 1, wave a ended at 24.78 and wave b rally ended at 25.31. Wave c lower ended at 24.62 which...