Gold - Kickstarting the Next Impulse!📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XAUUSD has been overall bullish , trading within the rising channel in blue.
Currently, XAUUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting the previous ATH marked in red.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the red previous ATH and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #Gold approaches the blue circle zone, I will be looking for bullish reversal 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
Commodity
OIL - Getting Slippery?🩸Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After breaking below the last major low marked in red at $84.5, OIL has been overall bearish , trading within the rising channel in blue.
📈 For the bulls to regain control, a break above the last major high marked in blue is needed.
📚 Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HG Futures, Copper's Potential Rise: Monthly, Weekly, Daily.Monthly is winding up for a big drop or huge jump.
Monthly:
Weekly:
Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards.
My gut says inflation will send it upward in the near future.
Gold The price is currently forming a retracement towards the Day's supply zone. There's a chance for a buying retracement from the 4-hour zone, coinciding with the Daily zone. If an acceptable structure forms, with a breakout on a lower timeframe, it's worth attempting to trade it, with a stop loss at 2300 and take profit at previous highs.
Gold - Decision Zone ⚠️⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Gold has been overall bullish medium-term (daily) and long-term (monthly) trading within the rising channels and wedge patterns in blue and orange respectively.
Currently, #XAUUSD is hovering within a narrow range marked in red.
Scenarios:
1️⃣ Bullish Continuation
For the bulls to regain full control, a break above the upper bound of the red range is needed.
In this case, a movement towards the $2500 resistance zone would be expected.
2️⃣ Bearish Correction
In parallel, if the lower bound of the red range is broken downward, we expect the bearish correction towards the $2160 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XAUUSDGold time frame 4 hours
According to our analysis, we expect the price to reach our range and wait for the price reaction from there. In the 4-hour time frame, the trend has changed, so short trades have a higher percentage of profit than long trades. It is better to enter short trades to reach a strong demand range.
Corn broke the upper side of the rangeEASYMARKETS:CRNUSD
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Long term Bitcoin channel ideaI want to share this idea, as it's quite possible. In 2021 it hit me as a sad realization that Bitcoin might not be in an exponential market anymore. I had this idea that perhaps bitcoin was leveling out into a commodity channel. Bitcoin is a commodity after all, so it sort of makes sense it would look more like the channels commodities with long term average supply and demand carry.
As we hit the upper limits of the channel I would be cautious about returning to support.
PLatinum Quick Video Idea - -2024.04.08EASYMARKETS:XPTUSD
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold Quick Video Idea - 2024.04.08EASYMARKETS:XAUUSD
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
An Optimistic But Volatile Future Ahead For EthereumHi everyone, I should preface and say I am a relatively new ETH investor. I was primarily a strict BTC maxi since 2017, but after putting in the time last year to learn about ETH and what its core philosophy is, I understand it better and I am actually very interested in what it is capable of! I think many of the ETH community can vouch for that. It's hip, cool, and experimental. I honestly think there are many BTC maxis that refuse to accept this is fundamentally a different project than BTC was- not just technologically. For those not involved in crypto- or are just average retail investors, ETH may just seem like a 2nd coin behind BTC that does all the same stuff "basically". That was just me being naïve and stupid, and I unironically thought like this for years.
I love the fact that the ETH community rallies behind it so hard. They are a very different group than many of the BTC investors I follow and have followed in the past. They seem to have a really strong core and tight knit community that do not care much about what 3rd party entities will tell them what to do or who to be. The developers (mostly) all seem incredibly passionate and want to really create practical and also experimental projects. I think mentioning this context is essential in my TA because ETH investors fundamentally believe in the core project so much that I think they will successfully create some type of "mainstream" adoption within the next 10 years. I have no clue how that will look like- and I don't think anyone does yet. But the ETH community has a strong spirit that I do not see breaking- ESPECIALLY with Larry FInk and BlackRock still in the equation. They just partnered with Securitize and are going to slowly begin to execute their "tokenization" of assets. This leads into the biggest news of the year for Ethereum, the ETF.
As much as I want this ETF to pass on May 23rd, it will not. I don't know how it will go down, but this will be prolonged somehow. And I do not see the market reacting lightly to the news for the mid term (basically all summer). Gary Gensler really does not seem comfortable even speaking about ETH any time he is being recorded. The SEC is currently asking for more funding to lawyer up against the potential future court cases that WILL happen when the ETF gets denied. The SEC seem incredibly nervous about opening up a door that can't be shut- if the ETH ETF gets approved, I can only imagine how many other chains will want to have their own ETF... No matter what you think of other coins, it seems like the SEC and Gary really do not like crypto all that much and are only really willing to let BTC slide. I think they want congress to eventually enact real legislation against cryptocurrency as a whole in the future.
I think something will happen in between May 23rd and August 7th, the day BlackRock's ETF filing expires- but I'm not sure what exactly. I think the most likely case is they go to court and the SEC loses in court. Maybe the ETF gets approved with an amendment that there can be no staking the ETF? Do people even care about this? (sorry if so) The best current argument seems to be that there exists ETH Futures ETF, so why would an ETH ETF be an issue? And then by August 7th, the BlackRock ETF should be approved and Ethereum is going to launch. My gut tells me it goes for the 10k push into the end of the year, and then we consolidate early 2025 with a final blowoff maybe middle of 2025. Who knows after that, prob bear/crab market until next halving like close to 2028-2029 or around there.
Very exciting times ahead! Personally I'm incredibly nervous with my investment in ETH. I'm still a BTC maxi to the core because it really is just the best sound money to ever exist. I really consider it my true savings account at this point. But ETH is my risk bet. I fully trust in that ETHBTC ratio and have watched that thing for years- despite never having any interest in purchasing Ethereum. I've also gotten burned in the past- having bought LTC at its peak in 2017 and holding still to this day... I have no more faith in that project honestly. I don't want this to happen to ETH, and I can say that I really do believe in its community. I hope the developers and companies out there innovate some really cool things that make our lives better/easier. But I do see ETH really as a long term investment, whereas BTC at this point for me is essentially just savings that I am not getting rid of anyways.
Cheers everyone, I think no matter what, that if you own ETH and you hold, you will win in the long run. Good luck to the traders too!!
WTIOil analysis in 1 hour time frame
In the specified areas, you can enter the transaction by seeing the confirmation.
The general trend is upward, but in the short term, it can fall to the range of 76-77 and continue its upward trend from this range.
Entry: 79.976-80.291
TP1: 81.621
TP2: 82.321
SL: 79.85
RR: 3.02
Silver Is Bouncing From The Support; Bullish Breakout Soon?We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 26rd we shared a weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range.
As you can see today, silver bounced from the lower triangle line and it’s back to the upper side of a triangle range, which can be signal for a completed A-B-C-D-E bullish triangle pattern, but bullish confirmation and real bullish breakout is only above 26 region.
So far we can see some nice recovery with an important move above 23.50 followed by push out of a base channel and above 24.50 on 4h time frame, which possibly that's wave (3) of 3 within an impulse, meaning more upside can be coming on silver as this one can be preparing on some major breakout of a big triangle, just be aware of short-term pullbacks.
Weekly Momentum On Major Pairs (Week 11/2024)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Slightly Bearish
Gold & Silver: Mixed/Bullish
XXX/JPY: Neutrel
Stock Indexes: Bearish
BitCoin/ETH: Bearish
Week 11 (17/03/2024)