Naturalgas on reversalNaturalgas on reversal due to cypher completion and also as per RTM a very good level to long now.
Commodity
Uranium no war no pump | Dump is comingUranium world dont have war for now. so downtime for that commodity.
XAUUSD Outlook 4th Jan 2023A common question I receive while coaching retail traders: "Why did gold move up, while dxy was going up" or "why didn't gold drop, when dxy rose"
While Gold and the DXY have an inverse relationship, remember that it isn't perfectly inverse. This means that it gold does not have to drop immediately as the dxy rises. There could be a delay reaction, due to the trend or other fundamental factors.
Today, Gold climbed strongly from the 1823 price level to touch the 1850 price level twice before trading lower again.
With the price action showing a rejection of the move higher, look for a deeper correction on Gold (especially if the DXY continues to strengthen), with the next lower key support levels at 1820 and 1800
XAUUSD 1:13 RR Swing Trade capturedHello Everyone. Lamda team recently captured a beautiful high probability swing trade after tapping on the extreme order block. As soon as the price mitigated it, we switched to M5 for CHoCH based entry. Please pay careful attentions to the markups on the chart.
Happy trading
Team Lamda
XAUUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as 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 - The Fall of a Balloon! 🥈🎈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After an aggressive bullish movement late 2021, SILVER has been overall bearish trading inside the red falling broadening wedge , and it is currently retesting the upper red trendline.
Moreover, the zone 25-26 is a strong resistance zone.
📌 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
📕 As per my trading style:
As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top 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
🥇Gold🥇 Analyze (Short term, 12/15/2022)!!!Gold completed the rising wedge pattern on the resistance zone.
Gold was able to break the lower line of the rising wedge pattern with a red candle with a long body.
I expect Gold will go down at least until the support zone.
Gold Analyze ( XAUUSD ), Timeframe 2H⏰.
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.
🥇Gold🥇 Analyze (Short term, 12/13/2022)!!!🌊Since microwave 3 was a sharpie wave, we can expect microwave 5 to be truancated.
After confirming the end of the 5th, we can expect Gold to fall until the end of the microwave 4.
Gold Analyze ( XAUUSD ), Timeframe 15min⏰.
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.
🥇Gold🥇 Analyze (Short term, 12/13/2022)!!!Gold is running near the PRZ(Price Reversal Zone) & the trend line & lower line of descending channel.
I expect Gold will go up at least to the upper line of descending channel.
Gold Analyze ( XAUUSD ), Timeframe 15min⏰.
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.
PA1! Potential for Bullish Continuation Looking at the H4 chart, my overall bias for PA1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 1917.5, where the 38.2% Fibonacci line is. Stop loss will be at 1839.0, where the recent low is. Take profit will be at 2113.0, where the previous swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Gold short term rising wedgeOANDA:XAUUSD is preparing for a pullback soon, as it reaches the end of the rising wedge.
Gold is pulling back soongold has been going higher since the end of last month and is finally due for a pullback. However, this pullback should be short-lived and a healthy correction before resuming higher.
WTI 6th of DecemberWTI perfect as always! Price, after the breakout of the pattern started anew uptrend.
OJ Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for OJ is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 2.1151, where the 100% Fibonacci projection line and 23.6% Fibonacci line is. Stop loss will be at 2.2944, where the previous swing high is. Take profit will be at 1.9053, where the 50% and 61.8% Fibonacci line are.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Is silver about to break out? Commodities by themselves are not deflationary! They are dug out of the earth, and that both needs technology and people! The demand for gold and silver is higher, it becomes even higher when there is an industrial application to it.
Along with inflation, it cost more and more to refine and dig out Silver/Gold! it cost more for machinery and people. Is Silver about to break out, this will be the 3rd time it will hit resistance, and this breaks then all the algo's will follow and drive it higher and higher.
Its been a very long time since we had a commodity super cycle.
Gold continues to gain as the DXY dropsAs the DXY continued to weaken, Gold saw the most benefit as the price climbed steadily to the upside, reaching a high of 1800 which was previously tested in August.
Further upside can be anticipated with the price expected to break above the round number resistance of 1800.
Be aware of higher volatility with the rice expected to continue climbing toward the 1875 key resistance level as the DXY continues to weaken.
Oats Potential For Bearish DropLooking at the H4 chart, my overall bias for Z01! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 378.250, where tyhe 38.2% Fibonacci line is. Stop loss will be at 390.500, where the previous swing high is. Take profit will be at 362.500, where the 61.8% Fibonacci line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Gold consolidates with breakout potentialGold traded with little volatility despite the overnight fluctuation of the DXY, with the price maintaining around the 1750 price level.
Look for a potential breakout on Gold, if the price is able to trade above the 1760 level, with the next key resistance level at 1785.
However, for Gold to trade sustainably higher, it is anticipated that the DXY would have to weaken back down to the 105.40 price level.
Pinbar on Gold, more upside possibleGold fluctuated strongly overnight as the price spiked down to the 1726 price level before surging strongly to the upside.
Breaking above the 1745 interim resistance level, Gold is currently trading at the 1755 price level.
This move higher is primarily due to the current weakness of the DXY.
Look for Gold to continue trading higher toward the 1780 price level, with the next key resistance level at 1800.
Elliott Wave View: Silver 5 Waves Down Suggests Further downsideShort term Elliott Wave View in Silver (XAGUSD) suggests cycle from 7.14.2022 low completed as a flat structure. Up from 7.14.2022 low, wave A ended at 20.86 and pullback in wave B ended at 18.07 as another flat correction. Up from there, Index rallied in another 5 waves in lesser degree. Wave ((i)) ended at 18.94 and wave ((ii)) ended at 18.26. Silver resumed higher in wave ((iii)) towards 22.06, dips in wave ((iv)) ended at 21.26, and final wave ((v)) ended at 22.25 which completed wave C of (4).
From here, XAGUSD dropped in wave (5) forming an impulse in lesser degree. Down from wave (4), wave ((i)) ended at 21.36 and wave ((ii)) ended at 22.05. Silver continue lower ended wave ((iii)) at 20.73, bounce in wave ((iv)) ended at 21.29. Last wave ((v)) finished at 20.56 to complete the impulse as wave 1. Wave 2 rally is in progress as a zigzag structure. Up from wave 1, wave ((a)) ended at 21.329. Expect wave ((b)) pullback then another leg higher in wave ((c)) to end wave 2. As far as the metal stays below 22.25, we expect the rally to fail and the metal to resume lower in wave 3.
Selling Palladium in previous support.Palladium - Intraday - We look to Sell at 1978.8 (stop at 2002.1)
Previous support at 1980 now becomes resistance.
Short term bias has turned negative.
Preferred trade is to sell into rallies.
1985 has been pivotal.
Our profit targets will be 1921.1 and 1911.1
Resistance: 1940 / 1960 / 1980
Support: 1915 / 1900 / 1880
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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USOIL Shorts!Daily retest of supply zone and a violet volatility break downwards. Plenty of bearish momentum on the lower high, strength lies with the bears. I think we will smash through any support zones on the way.
Gold directional bias to be developed.....Gold traded in a tight range between 1748 and 1765 through the Friday session, failing to break significantly higher despite the weakness in the DXY.
As markets consider the risk of a recession in the US and develop a stronger risk-off sentiment, further upside on Gold can be anticipated.
Look for the price to break above the 1770 price level to signal more upside, with the next key resistance level at the round number of 1800.
However, if the price breaks below the 1730 price level (61.8% fib level) AND the DXY recovery in strength is sustained, Gold could reverse significantly back toward the 1620 support level
