Gold at very strong resistanceGold looks like is approaching to a very strong resistance area in 4H & daily time frame, with a bearish divergence on 4h TF.
IMO , we could see a pull back to the downside from gold.
Commodities
XAGUSD Silver BEARISH - Head & Shoulders and Wedge BreakSilver has two patterns on the Daily TF that indicate a bearish direction ahead.
There is a complete Head & Shoulders pattern and also a Rising Wedge pattern that has been broke. Silver (XAGUSD) has recently had a bullish retracement to re-test both patterns and should start falling soon.
Short-Term TP = $28
Long-Term TP (from Head & Shoulders) = $24.60
Long-Term TP (from Wedge) = $20.70
I expect the short-term TP to be hit at least. The longer-term TP's may or may not be reached. What will probably happen is that the Head & Shoulders target will be reached and Silver will hold up around the $25 level.
NOTE : I personally love Silver and think it's a great long-term investment. I also consider it a highly manipulated market. I am bearish now based solely on the chart, but keep in mind that anything can happen with Silver!
Ride the Silver Surge: A Strategic Long-Term Trade Opportunity! 🚀 Silver: Bullish Setup Targeting $34.86 🚀
Silver presents a strong buy opportunity with bullish momentum building both technically and fundamentally. Here’s the updated setup:
Key Levels
Entry: $30.60
🎯TP1: $32.10
🎯TP2: $34.86
🛑 Stop Loss: $28.54
Why This Trade Looks Promising
1️⃣ Trendline Support: The price has rebounded strongly off a key ascending trendline, signaling continued bullish momentum.
2️⃣ Industrial Demand: Long-term demand for Silver is fueled by clean energy initiatives, including solar panels and EV production.
3️⃣ Bullish RSI: The RSI is trending upward, confirming growing buyer strength and potential for further price gains.
4️⃣ Long-Term Setup: This trade requires patience and is more suitable for traders with larger accounts, as the stop-loss is set wider to accommodate market fluctuations.
Market Context:
Silver remains fundamentally supported by rising industrial demand, inflation hedging, and the prospect of a weaker US Dollar in the months ahead. This longer-term setup aligns with both technical and macroeconomic trends, offering significant upside potential.
⚠️ Note: Please ensure this trade aligns with your account size and risk tolerance. For smaller accounts, a tighter stop-loss or different setup might be more appropriate.
GOLD - Potential Bullish Break & Retest SetupGold is currently trading above the $2,700 level, which previously acted as resistance and could now serve as support. If the price pulls back and buyers defend this level, it could confirm bullish momentum, leading to a continuation toward the next target at $2,712. However, failure to hold above the zone may invalidate this setup and signal potential bearish pressure.
This scenario aligns with the broader ascending channel structure, suggesting the potential for further upside if key support holds.
USOIL Will Fall! Sell!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 79.103.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 74.465 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
8 Tips to Optimize Your Tradingview for Clarity & PerformanceIn this video I share 8 ways to optimize your Tradingview for improve your performance.
Most people focus on strategy, but that is only a piece of successful trading. What I would argue is even more important....is your ability to execute.
Better execution is a result of - repetition, clarity, understanding
The things in this video will help you with clarity.
People make the comparison to trading and gambling all the time, for good reason.
But let me ask you this...
Have you ever taken a moment to look at your tradingview workspace and see how it's like walking through a virtual casino?
Think about it...
You have thousands of assets to choose from (machines & tables)
You have people with their ideas and chatter (forums, ideas, chats)
You also have sounds and stimulation everywhere (notifications, alarms)
This is not bad! But it's something to be mindful of as you design your work environment for execution.
We want to improve clarity, and simplicity. We want to eliminate as much noise as possible to improve your ability to focus on the task at hand, which is to execute your strategy.
Here are 8 tips to improve your performance:
(yes some of these are generic but they make a huge difference)
Turn off the Gain%, Change, Vol, and Last on your asset sidebar
On the same side bar, drag the news section down to the bottom so it's not visible anymore
Change the color of your candles to soft more soothing colors ( google search calming colors )
Turn off notifications so you don't get hit with other trader's ideas while you're trading
Use anchor text notes to put your plan for each asset right on the chart so you don't deviate
Remove news event from the bottom of your charts, reduces clutter (personal preference)
Create templates for each step in your analysis process
I realize now that there were only 7 not 8, but I recorded the video so it's too late to go back now lol.
I hope this helps you on your journey!
I'd love to know what helps you with clarity, and getting in flow state while you trade.
👇 Share in the comments below
-Gio
THE KOG REPORTTHE KOG REPORT
In last week’s KOG Report we said for the first half of the week we will be looking for the price to attempt the low-level support 2625-30 to complete the move from the week before which we achieved. We wanted this level to give us the bounce upside for the long, which was almost to the pip, hitting our target upside for another short completing the bearish targets.
We then updated traders with the long trade before NFP which we traded level to level until we released the NFP KOG Report on Friday. For this report we gave the levels of interest and our plan, and although we didn’t manage to capture the exact level for the long, some traders managed to get in on the move hitting the target on the nose. It’s at that red box level we then shorted again to close the week.
What a week in Camelot, not only a point to point moves across the week on Gold but we completed a whopping 22 targets across the other pairs we trade and analyse.
Well done to the community and traders.
So, what can we expect in the week ahead?
For this week we have the key levels above 2700 and above that 2710, which could be possible targets for bulls to attempt during the course of the week. Below, we have the key levels of 2665 and the key level 2650-55 which will be this week’s bullish above bias level. Ideally, on open we want to see a brief test of that high, if rejected we would like to see this come back down to complete the move downside from Fridays’ NFP. It’s these lower levels that need to be monitored, the 2665 region which is where if we want to go up, we don’t want to see a break below and below that, then the extension of the move into the 2645-50 region.
We’re a little too high to attempt the long and we’re also holding protected shorts from above, so a progressive move down would suit before then finding a base to attempt that long unless Excalibur says otherwise.
At present, we can not get to carried away with the long-term direction, a visit into 2700 with a strong break above 2720 is needed for this to continue the move upside, while a break below the 2640-45 region is needed for this to confirm the move further downside. It’s still possible we continue this range until a further breakout so for that reason we’ll play it intra-day for now following our trusted algo and additional tools we have in place.
KOG’s Bias for the week:
Bullish above 2650 with targets above 2700, 2706 and above that 2716
Bearish on break of 2650 with targets below 2640 and below that 2635
RED BOXES:
Break above 2690 for 2700, 2703, 2706, 2710 and 2724 in extension of the move
Break below 2680 for 2667, 2665, 2655 and 2640 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Triangle BOut in Gold RR > 2Gold has broken the consolidation triangle and still stays above averages. Nice RR > 2 (you can even go up to RR with the decisional pivot point below).
GOLD - XAUUSDWe will look at the logarithmic chart of gold starting from 1975.
We see the two cycles. I drew a line along the tops of these peak values and made a parallel one, thereby forming an upward trend channel.
If we talk about the Elliott Waves, then we'd the peak of the third wave in 2011 - the strongest wave and it's during the 2007-2008 crisis.
Now we're on the cusp of a real breakthrough and amid of the potential instability in the world, gold will be a protective asset. There are many fundamental factors for its growth.
On the other hand, if we talk about local movement, then we've broken through the resistance of triangle below and made the first wave up, after which there should be a correction - either in a small triangle or to the support line of the global channel, and after that, there'll be the strongest impulse of the third wave which will break 1900+.
In my analysis, I say that it's the global 5th uptrend wave and we'll see some updating of new highs over the next few years.
Best Regards EXCAVO.
Gold (XAU/USD) Bullish ChannelThe XAU/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent Formation of a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the Channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2709
2nd Support – 2729
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
CADJPY Rising Wedge Breakout and Targeting Support LevelCADJPY is currently trading at 108.300, with a target price set at 106.000, offering a potential gain of 200+ pips. The analysis is based on a support and resistance pattern, indicating the pair’s key price levels. A rising wedge breakout has already occurred, a bearish signal pointing to further downside potential. The price is now positioned below a major resistance level, confirming sellers' dominance in the market. With this setup, the pair is likely to continue its downward movement toward the main support level, which aligns with the target price. The bearish momentum is expected to persist as long as the resistance level holds strong. Traders should watch for any confirmation of increased selling pressure to solidify this trend. This setup highlights a favorable opportunity for bearish trades with a defined risk-reward ratio. The focus remains on the target support level as the next key price point.
GOLD/XAUUSD BIG SELL COMINGI provided a buy signal from 2630 to 2690, generating 600+ pips in the recent week. Building on this success, I’ve identified new trading opportunities based on current market dynamics.
Market Dynamics
Resistance Zone (2710 - 2720):
Price has previously faced rejection at this level twice, marked by a red circle, indicating strong selling pressure. This is a supply zone where sellers are likely to dominate.
Support Zone (2656 - 2664):
A green circle marks a demand zone where buyers have consistently stepped in. This level is expected to hold, providing a potential bounce opportunity.
Projected Price Movement
1. Scenario 1 – Reversal at Resistance:
Price hits 2710 - 2720, faces rejection, and falls back to support near 2656.
2. Scenario 2 – Support Bounce:
Price rebounds from 2656 - 2664 and targets resistance at 2710 - 2720.
3. Alternative Breakout:
A breakout above 2720 signals continued bullish momentum, invalidating the sell setup.
Trade Strategy
1. Sell between 2710 - 2720
Stop-Loss: 2728
Target: 2656
2. Buy between 2656 - 2664
Stop-Loss: 2646
Target: 2710
Conclusion
This strategy focuses on high-probability trades within defined ranges, using precise entry points and stop-loss levels for risk management.
Please like, follow, comment, or share to support.
NATURAL GAS Long-term buy on the next pull-back.Natural Gas (NG1!) broke this month above its 1W MA200 (orange trend-line) for the first time in two years (last January 2023). Naturally this is a very bullish signal for the long-term and it is more effectively put into context by using our infamous 'Multi-year Cycles', which we introduced on Natural Gas a few years back.
As you can see, every time NG broke above the 1W MA200 after a Support Zone rebound since 1990, it pulled back towards the 1W MA50 (blue trend-line) before resuming the uptrend for a new High.
As a result, we will wait for that right pull-back opportunity to buy and target at least 6.000, which should be achieved by December 2026, which is the Top of the Sine Waves Cycle.
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SILVER BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 30.135 area.
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GOLD MICRO ANALYSISAnd this is what the micro view looks like. If you've not seen our precedent post on the macro view, you should check it out so you get the global scheme of the move.
The red line has to be reached at some point over the next few weeks, maybe even days, because Gold has a "desert area" to cross : this is the area where there's no blue lines, which are basic KL.
What we believe is that when there 's no or not enought KL, the price moves way faster, hence the green drawing.
GOLD GLOBAL VIEWThis is what it looks like for us : a huge rally where the price is to reach at least 2780 pretty soon.
Look at our next post to get the micro view and the daily signal.
The idea is to compensate the green top area, which acts like a super KL, making the price come back to such high levels.
On the other hand, since the economy in the US seems to get more and more stable, the Gold Index should not grow that much on the next few years, only in case of a major event.
Which is why you can observe the red dotted line going back to the ground, to another super KL.
Continue to be bullish, buy above 2683 todayGold maintains a bullish trend structure intact, and the daily chart continues to close strongly. The price runs along the middle and upper rail channel of the Bollinger Bands, and the MA10/7-day moving average continues to open upward and gradually moves up to 2668/80, and the RSI indicator turns upward above the middle axis. The short-term four-hour moving average system also keeps opening upward, and the price gradually moves up along the high point of the 10-day moving average. The Bollinger Bands keep opening upward and the price runs in the middle and upper rail channel.
There is no change in the technical side, buy at a low price, and the trend is rising. Gold is strong in the Asian session, gold has broken through the previous high point, and gold bulls are better. Gold bulls have broken the shock pattern. Since gold bulls are stronger, then take advantage of the bulls.
Gold's 1-hour moving average has entered the golden cross upward pattern again. After falling last night, gold has bottomed out and rebounded again, and set a new high. Gold fell to 2676 in the US market and then bottomed out and rebounded. The gold moving average support moved up to 2683. Buy on dips above 2683. You can enter the market first when gold falls back to 2685.
First support: 2690, second support: 2683, third support: 2672
First resistance: 2708, second resistance: 2718, third resistance: 2730
Operation ideas:
BUY: 2683-2685
SELL: 2718-2720
Silver H4 | Pullback resistance at 61.8% Fibonacci retracementSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 30.966 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 31.70 which is a level that sits above the 78.6% Fibonacci retracement and an overlap resistance.
Take profit is at 29.54 which is a swing-low support.
High Risk Investment Warning
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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Falling Wedge Pattern: Cocoa FuturesThis is the map of how to trade this rare chart pattern.
This is a textbook sample of Falling Wedge continuation pattern that played out with impressive accuracy.
We have a strong uptrend in 2024 that has been changed
by a large consolidation that took place for the rest of 2024
as it has built the large Falling Wedge (continuation) pattern.
One should focus on the following crucial points and measurements:
1. breakout point where price rises above trendline resistance
it acts as a buy entry trigger (green segment)
2. stop loss - it is located below the lowest valley preceding breakout (red segment)
3. widest part of the pattern - use it to measure the distance to the target adding it to breakout point (blue arc)
4. target (yellow dashed segment)
all of above key parameters are highlighted on the chart.
It's amazing how accurately the price grew towards the target booking over 60% profit.
Next time you can use this map as a guidance.
Gold rises and then consolidates
Currently, the price of gold is around $2,695, and the overall trend is fluctuating upward. From a technical point of view, the price is gradually climbing along an obvious upward trend line, which shows that the bulls are still dominant. The price has recently hit a high of $2,701.66 and then pulled back, and sought support at two key support areas of $2,685.71 and $2,677.78.
From the current possible trend, the price of gold may face two scenarios:
1. Rising scenario:
If the price of gold stabilizes in the current area and gets support at the rising trend line ($2,685.71 or $2,677.78), the price may continue to rebound and test the high of $2,701.66 again. Once the high is broken, it may rise further in the future, with the target pointing to higher resistance levels, such as around $2,710.
2. Pullback scenario:
If the price fails to hold the support of $2,685.71, it may test the secondary support area near $2,677.78 downward. If this area is lost, the upward trend may be threatened, and the price may further drop to a lower support area. It is necessary to focus on the effectiveness of the trend line.
Key technical indicators:
Support level: $2685.71 and $2677.78.
Resistance level: $2701.66 and $2710.
Overall, gold is still in a bull market, but there may be a small correction in the short term to release the pressure in the rally. Traders can formulate trading strategies based on support and resistance areas, while paying close attention to the market volatility and the impact of fundamental news on gold.
Crude OIL Follow the plan Oil is one of the main tools that pressure the global economy. This tool is manually controlled; I will not repeat who owns it.
For the last 10 years, I have seen this pattern very often when we see a triangle that breaks down, but before it collects liquidity from above and breaks the upper resistance
I talked about it in a previous post
The idea is still the same; the timings are stretched longer.
I intend to pick up a historical start this year, most likely at the end of the year.
That's my lazy plan.
The realization is more complicated because opening a position at the ideal entry point will be challenging. All shorts will be liquidated and stop out for a long time, so we will probably have to stand in the reversal formation phase for a long time.
I could go on and on about politics and how it's explained to you on TV. But I don't do that.
Best regards EXCAVO
Gold trading zones: 16-Jan-2025Good morning dear traders: Explore today's Gold trading zones and enhance your market knowledge.
TRYING GOLD - The informal way! (XAU-USD)So let me check if my doodles work here or not!! Yellow line is his restroom line, Or if he can control his pressure he can cover the distance lol.
