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Preciousmetal

XAUUSD hourly turns bearishThe chart on the left shows the daily timeframe of XAUUSD. It’s in the neutral area between the lower and upper blue bands. However, peaks and troughs are lower, hinting at a bearish bias. The right chart shows the hourly timeframe the EMAs look to be crossing bearishly and the stochastic is already heading south. We note that the greenback is bullish on a longer-term scale and are looking to see if this influences the precious metal by pulling into the bearish area on the daily.
FX:XAUUSDShort
by FXCM
4
Technical analysis update: XAUUSD (21st September 2021)Gold rebounded from its low around 1742 USD retracing back above its support near 1750 USD. We continue to have notion that gold will remain stuck trading between 1750 USD and 1840 USD for indefinite amount of time. However, we expect eventual break out to the upside. We continue to be bullish on gold and our short term price target remains 1850 USD. Investors should be aware that tomorrow there is FED meeting and volatility in gold can emerge as meeting will be unraveling. Technical analysis MACD and Stochastic are bearish while RSI strives to reverse. However, RSI needs to be observed in the following days for any failure or success (regarding completion of the reversal). If reversal manages to complete then we expect price to continue march higher. ADX is growing which suggests that trend is building up strength. Daily timeframe shows interesting setup for "Head and Shoulders" pattern: Pattern will become valid once neckline is penetrated by price. Support and resistance Closest support sits around 1750 USD while closest resistance sits around 1835 USD. Another strong resistance is around 1915 USD. Then major support appears around 1680 USD and major resistance appears around 2075 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
4
Technical analysis update: XAUUSD (27th August 2021)Gold continues to rise and we remain bullish. Gold took off to the upside from the upper bound of downward moving channel. Current important area is around 1830 USD. If gold manages to break above this price level it will further bolster a bullish case for gold. We will view this as another confirmation of that gold bottomed out on 9th August. RSI is bullish. Stochastic is also bullish. MACD line crossed over 0 to the upside. This is very bullish. Although, ADX contains low value which suggests neutral or very weak trend at the moment. Therefore investors should be cautious. We would like to change our medium price target of 1850 USD to short term price target. Similarly, we would like to change our long term price target of 1875 USD to medium term price target. We expect gold to continue march higher. Previous thoughts from 25th August 2021: Here we observed upper bound of downward moving channel for any weakness. We noted that we were bullish. Prior developements from 10th August 2021: Here we noted that price of gold was very attractive for entry of the long position. We also noted that price of gold was very oversold. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
8
Technical analysis update: XAUUSD (23rd August 2021)For last few trading sessions gold has been trading near the upper bound of its downward moving channel. Short term resistance appears between 1780 USD and 1795 USD while short term support sits near 1750 USD. There is also major support around 1678 USD. RSI is neutral to bullish at the moment. Stochastic is bullish. MACD is still below 0 but it has gained bullish direction. We will be watching whether crossover above 0 occurs in MACD over the following days. This would be bullish sign. We also believe that it would coincide with gold surpassing 1800 USD pricetag. We remain bullish on gold. MACD on daily timeframe: Prior developements from 10th August 2021: Here we noted that price was very attractive for entry of the long position. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
4
Gold heading to 1600-1650Gold GC1! Weekly chart shows a major breakdown in the past week where is closed below the 55EMA for the second week. The candlesticks, MACD suggest more downside, probably to 1600 area. Saving grace is that the RPM is levelling off, expecting a consolidation to form up soon. Meanwhile, the Non-Commercial Net Interest is waning since the start of 2021, although Top 8 Traders are slowly accumulating. The Daily Gold chart on the right panel shows the breakdown pure and pure, with downside momentum picking up on Friday, suggesting continuation through the week given all technicals. Late week may bring some reprieve, perhaps by then already at 1600 target level. Note that from previous weeks' indications, all these are expected... and expected to continue. However, in the long term big picture, Gold is still in an uptrend, and this is a previously expected (and overdue) long term retracement.
COMEX:GC1!
by Auguraltrader
2
Gold going funkyIt has been a while since Gold was looked into... From previous analyses, Gold is indeed bearish of late, and revisited 1800 again, only to break down and closed the week below 1800. Furthermore, the last week closed below the 55EMA. This has not happened in a very long time, and may represent opportunities. Technically, Gold is still bearish. Noted the RPM indication that a consolidation bottom may form soon. This is corroborated with MACD possibly forming a bullish divergence. Meanwhile, there may be a flash crash of sorts to 1600 or at minimum to 1700 instead, in the weeks to come. Clearly, being patient is key, drawing lines, and watching while preparing for the next up wave starts now.
COMEX:GC1!
by Auguraltrader
SILVER, Big Triangle Formation, These Are Important Level Now!Hello Traders Investors And Community, in this analysis we look at the volatile precious metal SILVER 2-hour timeframe perspective which already prooving the breakout as of writing. You can watch in my chart this big triangle formation which is more likely to break to the upside and confirm the proper setup to reach its upside targets which you can watch in my chart at the orange box between the 27.4 and 27.6 level, there is good potential that this will be reached because SILVER has some solid support in the range. This can be traded aggressively with immediate entry or conservative with entry after the pull-back and confirmation of the upper boundary, although both ways are possible here traders should decide according to individual risk-preference. When SILVER reached its targets it has to show if its strong enough to continue or bearish signals entering the surface which will reverse the perspective. In this manner, thank you for watching, support for more market insight and have a good day! The truest wisdom is a resolute determination. Information provided is only educational and should not be used to take action in the markets
TVC:SILVER
by VincePrince
17
GOLD !!! Probable vs. PossibleFOREXCOM:XAUUSD Gold!!! Is the Shiny precious metal losing its 'flight to safe haven status' OR is this the opportunity to scale in to our Long positions and ride it to the absolute HIGHS? with the possibility of a potential correction / phase of distribution around the April 2020 swing high? Focusing on the overal market structures, using top down analysis. The 4hour ascending equi channel has played perfectly, however the recent break to the downside wwas in a bvery corrective descending manner whilst inside a 1hour expanding wedge formation, which suggests the probability for a move higher in XAU/USD. We will be looking for the nature of the market to correct into our expanding wedge support level for bullish momentum / closes on the hourly followed by a break and retest ti get long Gold with our first sights set on the april 2020 resistance. If we can break this high we have a lot of 'room' above with the probability of testing the absolute highs! If the market does remain corrective and base / range around these levels we will be looking to short Gold with the view of targeting the 90% probability lows / support area! As the famous band - Midnight Star once Sung !!! You've got the Midas Touch, Everything 'you' touch turns to Gold!!!!! P.S Live your life and be free, you know you can have it all !!!!
OANDA:XAUUSD
by Trader_Warner
1
Gold: just an optionHi Guys, here just some thoughts. With US equities in Christmas Rally mode I am not confident the descending trandline will be crossed. However, since Gold is a commodity and not only a safehaven, maybe the chances are higher then I'd expect. TO NOTE STRONG RESISTANCE AT 1480 (last week Gold was rejected 5 times at this level, one for each day of the week) For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
Precious Metals Market SummaryGOLD Though 3 days ago the daily close was the highest close since 2013, we stopped the rally. On the 8 hrs chart above it still seems we are just testing back the triangle but as we are on day 18 time is not working for us. Today is day 18. I'm expecting a top on the 25-26th day. That would be on or one day ahead of FOMC. The drop back below the triangle's upper trendline would be bearish. We have ECB rate decision this week what will not help for gold bulls. Any word of Draghi is weakening the euro. SILVER XAGUSD is not showing any kind of weakness despite the strong dollar. It is moving out of the bottom of the range breaking the multi year down trendline. I guess JP Morgan's plan was to made an undercut a below 14$ in May but the rate cut speculations and the Gulf tensions had crossed their plans and silver rallied. XAUXAG ratio seems wants to tag the 200 SMA, so for one or two days silver will outperform. Then gold will rally faster as XAUXAG bounces. Later this summer I think XAUXAG will print a lower low. It means that at the end of this IC silver spike up to 21 $. The last 2 days can be a 1-1,5 $ day. In this hysteria I'm sure you want to be long with an exploding account. Can this precious intermediate cycle top here? Anything is possible in this business but history says even if it's a short intermediate cycle we have weeks to go. So whatever happens most probably we will have one more daily cycle with a higher high. But we are getting close to the second daily cycle top here in the following week. Fundamentals are still in the help of a PM rally here. 1.Tension in the Persian Gulf with the boarding of a british tanker remains high. 2. Traders are waiting for an upcoming interest rate cut by the FED next week : this is extremely bullish for gold, silver, platinum and palladium. (However there is some uncertainty whether the Fed will reduce rates by 0.25% or 0.50% ) The only thing I see is a problem for our precious metal long positions is the Dollar. Unfortunately every country in the world is trying to weaken its currency to help its export and stock markets. The 200 SMA/EMA is holding tight this artificial rally in the dollar. I don't know how far can they hold it above the moving average. The question when the FED will pull out its head from his a*** and say ENOUGH. I think the first rate cut will be the "E" of this ENOUGH word.
OANDA:XAUUSDLong
by chartwatchers
34
GOLD: some info (potential SHS)Hi Guys, following my post dated 14 May 2019 Gold was rejected at 1300 but was supported one more time by the longer SMA (620). The rejection at 1300 marked a lower high compared to previous highs within the correction. The 3 black S on the orange SMA diverge slightly with RSI but imho divergence not steep enough to prompt a pullback above 1300. Since RSI entered negative territory Gold has yet to be oversold therefore I am still favouring a continuation of the correction towards 0.618 Fibonacci of previous uptrend from A to B before a pullback may occur. Please note the potential Head & Shoulders pattern (SHS in red). For reference about how to trade the Head and Shuolders pattern please search in Google or visit the following link provided by Investopedia. www.investopedia.com If Gold breaks above 2nd red S it may be the start of the pullback towards H and maybe beyond. For additional information about Gold please refer to the related ideas linked at the end of this post. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: week9 update (1)Hi Guys, Gold is pushing lower towards that support next to the 3. RSI is diverging big time but price still pushes. USD/JPY at the moment is bouncing on resistance at 112. A break above 112 would surely help Gold to break that support. But for the time being USD/JPY seems to have lost upside momentum and Gold seems considering about a run towards 1300 or the 100SMA if support holds. If support do not hold 1275 is the next level of support. Strategy: Wait & see Thank you for your support and for sharing your ideas. Enjoy:) Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Thermometer of World Economic SentimentHi Guys, the above structure is based on the assumption that gold, among other factors, is driven by negative economic outlooks and is considered a safe haven asset. For me the simpliest way to put it in order to undestsand price action in the last 10 years is the following: Financial Crisis have driven gold price up and the System have responded by implementing policies aimed to stabilize. IMHO, since the Financial Crisis, gold represets the thermometer for level of stabilization of the World Economic Sentiment. Gold was at 1000 before the Financial Crisis right? It has doubled it's value due to fear, topped, pulled back, tested 1046 and it's ranging since, probably waiting for the next Financial Crisis to happen. But until that moment, I am not expecting major decisives moves. Here a link to the Cup & Handle formation which has been unfolding since 2018. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Cup & Handle?Hi Guys, I was doing a work on the 1H chart but I wanted to post this first. I hope the idea is clear...not sure about how that handle may unfold though. On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls. If I am correct, a break below 1300 may prompt a further extension of the correction of the bull run started mid Aug'18 (please refer to the related idea linked below). Let's see the hourly chart... This is just a snapshot: Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: 2019 WoWHi Guys, GOLD entered 2019 bullish driven by the fall in stock markets. It was supported in week1 and week3 before continuing for higher highs. In week7 Gold made a top at 1346. The pullback was supported in week9 at same level of week1 and week3. SMAs support the uptrend and now Gold is squeezed between the two SMAs. AToW IMHO Gold maybe set for a run above 1310 in week11 but unfortunately I am not a fortune-teller and need to wait to follow. On the other hand, if supportive trendline is breached Gold may lose support at 1278 and fall. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Week10 update2Hi Guys, if you drag backwards the above chart you will find LS in week4. LS (left shoulder) week4 H (head) week7 RS (right shoulder) week10 IMPORTANT: RS was the idea, opportunities were along the way. At 1310 Gold will start facing resistance. Be carefull. For a complete picture please refer to my post dated March 10 in the related ideas linked below (GOLD: week10 H4) Next step: wait and see if the H&S will complete and how. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: week10Hi Guys, this is a follow up of the idea I posted on March 3, before week9. See the H&S pattern taking shape? The yellow metal seems to have found support at same level as in week3 but below the 156SMA and most important below 1.300. Week10 will provide interisting opportunities as it unfolds therefore I would not rush in on Monday morning but let the price make the first move before pulling the trigger. Repeat 1.300 is very important and I would expect volatility to increase at this level. Time is of essence if you are looking for the perfect moment. Try to imagine this: price starts week10 going for an high. It reaches the 156SMA (blue) and on Wed (mid-week10) makes a bull trap below 1.320 on the blue SMA to complete the right shoulder and crosses again the 1.300 to dive into week11 towards 1.280. Wouldn't it be nice? Lol of course it would but for the time being it's just my imagination and I am not a fortune-teller. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: week10Hi Guys, GOLD could range below 1300 all week10. On Monday morning before 9 o'clock price could break above 1300 level but if pushed back below by 250SMA at opening price will form a bull trap that would look for support on the 100SMA. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: preparing for week 9Hi Guys, before we start, in order to understand the bold red line crossing this chart, please click & play the following structure: Yes! Price dived right into the upper bold red line of the structure where it seems to have stopped now. As you can see A ends the Bull Run commenced on Aug 16, 2018 before diving right into the upper bold red line of the structure. The two SMAs cross exactly at 15:00 of last Thursday when price made the "cone up" in the circle. ABCD may be a completed Zig-Zag and price may be entering a complex correction period running between D and C with multiple crossings of the two SMAs for weeks. On the other hand it may also keep fallin' well below D depending on external market factors. TO NOTE that price is just below 1.300 which represents an important psicological level. However, in view of all the above I am not trading the bounce, nor the continuation of the fall. The move to trade on Gold was last Friday and now it's just time to wait and see before thinking about the next trade. Thank you for your support and for sharing your ideas. Enjoy:) Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara