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🥇Gold🥇 fall by Expanding Ending Diagonal👇Gold was able to make expanding ending diagonal. When the 🟢support zone($ 2034.12-$ 2029.68)🟢 is broken by Gold, we can confirm the pattern and wait for Gold to fall to the 🟢next support zone($ 2003.6-$ 1999.2) 🟢. Gold Analyze ( XAUUSD ), 30-minute Time frame ⏰. 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, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
9
🥇Gold🥇 growth up to the 🟡Yellow zone🟡!!!As I expected in the previous post, Gold was able to complete wave 5 on 🟢support zone($ 1990.6- $ 1961.7)🟢.👇 Since Gold has reacted well to the support zone and the Regular Divergence(RD+) between the two consecutive valleys is well visible. So, I expect Gold to grow to the 🎯target🎯 I specified on the chart. Gold Analyze ( XAUUSD ), 30-minute Time frame ⏰. 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, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
25
Gold - Take A Break? 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting our 1800 support zone , Gold has been bullish making higher highs and higher lows. However, it is approaching the upper brown trendline that I consider an overbought area. Moreover, the 2075 is the current all-time-high. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As XAUUSD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Of course, UNLESS Gold breaks above 2075 in an aggressive manner, then the bulls will remain in control and we will expect an extended bullish movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
10
🥇Gold🥇 Analyze [Road map!!!🗺️(04/03/2023)]Gold seems to be imprisoned in a 🚩Symmetrical Triangle🚩. To confirm the end of wave 4, gold needs to break the upper line of the symmetrical triangle. I tried to show you the end of wave 5(zones) on the chart: 🟡 First Target : $2042-$2026🎯 🟡 Second Target : $2068-$2057🎯 Gold Analyze ( XAUUSD ), 1-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 is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSD
by pejman_zwin
6
Crude Oil Looking To Complete Impulse Elliott Wave SequenceCL_F (Crude Oil) favors higher in 5 wave Impulse Elliott Wave sequence as wave 1 before pullback starts. It placed (B) at $64.12 low on 3/20/2023. Above (B) low, it placed ((i)) at $71.67 high & ((ii)) at $66.82 low. ((ii)) was 0.618 Fibonacci retracement of ((i)). It favored ended ((iii)) at $81.81 high on 4/04/2023 high as extended ((iii)). Within ((iii)), it placed (i) at $74.37 high, (ii) at $72.61 low, (iii) at $81.69 high, (iv) at $79.00 low & (v) ended at $81.81 high as ((iii)) as 2.0 Fibonacci extension of ((i)). It ended ((iv)) at $79.37 low as double as shallow correction on 4/11/2023. Above ((iv)) low, it favors higher in ((v)) of 1. Above ((iv)) low of $79.37, it ended (i) of ((v)) at $81.85 high & (ii) at $81.28 low. It ended (iii) at $83.53 high & favors pullback in (iv) before upside resumes in (v) to finish ((v)) as wave 1. Impulse sequence expects to finish with momentum divergence in fifth wave against third wave before correction starts. So, if it erases the momentum divergence with more upside, then it can be the part of nest within impulse sequence before pullback starts. Once it finished wave 1 as impulse sequence, it expects to pullback in 3, 7 or 11 swings against 3/20/2023 low before turning higher. It expects to remain supported at extreme areas in pullback.
NYMEX:CL1!
by Elliottwave-Forecast
XAGUSD Daily Potential Forecast | 11th April 2023Technical Confluences 1. Silver is currently near last year's high 2. Near-term resistance at 25.31550 3. Near-term Support at 24.29100 4. High-up resistance at 28.13740 Idea We are looking for price to continue heading towards the near-term resistance at 25.31550. There might be some struggle to break through the resistance so we are expecting a possible pullback down towards the near-term Support at 24.29100 before continuing it's bullish momentum upwards. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAGUSDLong
by OlympusLab
➖15% S&P500 Index drop by H&S pattern💣The S&P500 index is moving near the resistance line and 🔴resistance zone($ 4,200- $ 4,100)🔴. The S&P500 index also seems to be forming the right shoulder of the Head and Shoulders pattern in the 🟡Time Reversal Zone(TRZ)🟡. I expect the S&P500 index to drop to the 🟢support zone($ 3,590-$ 3,490)🟢 after breaking the neckline. S&P500 Index (SPXUSD) Analyze Daily time frame⏰ (Log Scale). 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, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP:SPXShort
by pejman_zwin
Natural Gas crash?Natural gas has crashed when comparing it to the DBC commodity ETF. If a recession takes hold, demand destruction always prevails and it looks like Nat gas is pricing this in. This price action could be a leading indicator that many other commodities may be vulnerable to a pullback. Since Natural Gas is one of the smaller components of this ETF, it can see a large influx of capital that has to stay long by rotating out of other overbought commodities. Natural gas has broken out before the DBC and it has bottomed before the DBC. Nat Gas has the largest divergence from its peers.
CAPITALCOM:NATURALGASLong
by Trading-Capital
1
🥇Gold🥇 Analyze [Road map!!!🗺️(04/05/2023)]Gold confirmed the end of wave 4 after breaking the upper line of the symmetric triangle. The corrective structure of wave 4 is Double Three Correction(WXY). Gold is completing microwave 3 of the main wave 5, and most likely the end of this wave is in the Price Reversal Zone (PRZ). I tried to show you the end of wave 5(zones) on the chart: 🟡 Target : $2068-$2057🎯 Gold Analyze ( XAUUSD ), 1-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 is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
7
Silver (XAGUSD) Breaks Higher & Forms Elliott Wave Bullish SequeSilver (XAGUSD) broke above the previous peak on 2.2.2023 high ($24.62). As a result, it now shows a bullish sequence from 9.1.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.1.2022 low targets 26.91 – 31.23. Near term, cycle from 3.10.2023 low is in progress as a 5-waves nesting impulse Elliott Wave structure. Up from 3.10.2023 low, wave 1 ended at 22.71 and pullback in wave 2 ended at 22.12. The metal has resumed higher in wave 3 which subdivides into another 5 waves in lesser degree. Up from wave 2, the 1-hour chart below shows wave (i) ended at 23.52 and wave (ii) ended at 22.8. Wave (iii) ended at 24.15, wave (iv) ended at 23.54, and wave (v) ended at 24.19 which completed wave ((i)). Pullback in wave ((ii)) ended at 23.78. The metal extends higher in wave ((iii)) and expected to complete soon. Afterwards, it should pullback in wave ((iv)) in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 23.78 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
FOREXCOM:XAGUSD
by Elliottwave-Forecast
1
Gold Outlook 3 April 2023Gold traded with choppy price action on Friday as it reach the 1985 price level but failed to sustain a continual move to the upside. With the price breaking the short term bullish trendline, and currently trading at the 1952 level, Gold could continue trading lower to retest the near term support level of 1936, especially if the DXY continues to regain in strength. Look for Gold to continue trading within the wide range of 1936 and 2000 in the medium term.
OANDA:XAUUSDShort
by JinDao_Tai
1
USOIL Longs, Surprise oil output cuts| 3rd April 2023Fundamental Backdrop 1. Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day 2. This can cause a bullish run in prices in the long run. Technical Confluences 1. Price near 81.7 resistance 2. Price shot through the support at 72.50 with strong bullish momentum, causing a market gap Idea With the oil cuts in place, we have a strong bullish bias. If price is able to break the resistance at 83.60, we could see price head towards the next resistance at 93.1 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:USOILLong
by OlympusLab
Levels discussed during the webinar 30th March30th March DXY consolidating along 102.60, break to the 102 support level NZDUSD: buy 0.6250 SL 20 TP 40 AUDUSD: buy 0.6720 SL 20 TP 40 USDJPY: wait for retrace, buy 132 or 131.80 to 133 TP 100 SL 30 GBPUSD: no trade, look for price to test 1.24 EURUSD: buy 1.0870 SL 20 TP 50 USDCHF: sell down 0.9160 SL 20 TP 55 (hesitation at 0.9140) USDCAD: further downside, sell 1.3535 SL 40 TP 80 GBPCHF : Sell 1.1330 SL 30 TP 60 GOLD: no trade, chill (buy 1980, up towards 2000 SL 1975)
TVC:DXY
by JinDao_Tai
1
Gold Outlook 30th March 2023Similar to the DXY, Gold has been trading with no clear directional bias with the price fluctuating along the 1965 price level Anticipating further downside on the DXY and as Gold maintains supported by the upward trendline, look out for a possible breakout to the upside. A confirmation of the move to the upside would be signaled if the price breaks above 1980, but the key resistance level of 2000 is likely to hold strong. However, anticipate choppy price action as the market adopts a risk-on sentiment, which is likely to lead to some shift away from Gold.
OANDA:XAUUSDLong
by JinDao_Tai
Gold Outlook 29 March 2023Gold continues to trade with no clear directional bias as the 1970 resistance level continues to limit significant upward moves. As the DXY consolidates between 102 and 102.50, Gold is likely to maintain within the current range of 1936 and 1970. Although the longer term view of the US Dollar is for further weakness, the current retracement on the DXY is presenting some downside potential for Gold. Look for Gold to trade down to the 1936 key support level in the short term.
OANDA:XAUUSDShort
by JinDao_Tai
USO (CRUDE) Bullish Bounce... something is up!Previously, it was observed and expected that Crude was to bounce. Instead, Crude made a dive down and out of the boxed range. For a moment, took a second take on the analysis and decided that it might have been a bit before its time, since the longer term pointed to two trends; crude to go up and USD to go down. So, a chance came when USO triggered twice in the 15min chart ( system alerts set based on 15min intraday chart as a personal standard ). It was a calculated risk and probability count. USO/Crude had oversold, bounced off a couple of times, and broke our of a short term trend line. The Daily chart had a range breakdown, followed by long tails for the previous three days. It appeared to have a good probability of recovering. A position was taken (USO 50 delta Call). From there, we can observe the volatility (and hence you prefer to be in earlier and smaller position) and the development of the trade in the daily chart shows the opening of gap ups and closing of gap downs. Furthermore, USO / Crude broke back into the range. And for such failures that recover and break back into range (orange and/or yellow box), there is a high probability of breaking out the other end. And yet other observations have the Fibonacci retracement bounce off the 50% to project a near term target of about 65.68 (150%). All these are encouraged by the previous day's candlestick as Monday's candle gapped up and closed a previous gap down, and ended the day very near to intraday high. Daily technical indicators (MACD and VolDiv) have crossed over and are starting a bullish alignment.(Noted that the breakdown out of the range did have a VolDiv bullish divergence that was very obvious, an early suggesting that it was going to bounce and recover. Going forward, USO is starting to be overbought, and a possible pullback to head up further to near term target is expected. Could be more bullish or otherwise more bearish. but am expecting the range support to hold better this time.
AMEX:USOLong
by Auguraltrader
Gold Outlook 28 March 2023The double top chart pattern discussed yesterday on the H4 and H1 timeframe worked out nicely as Gold broke below 1970 to trade down, pausing at the 1945 price level. Although the price retraced slightly higher, Gold is likely to continue trading within the wide range of 1936 and 2000 (1970 the mid way mark), with the key resistance level proving very hard to break beyond. Only a significant move on the DXY could see Gold develop a stronger directional bias, with a move to the upside the more likely scenario. In the short term, look for the price to retest the 2000 key resistance level.
OANDA:XAUUSDLong
by JinDao_Tai