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Gold Go down first and then go up fastMonthly in Red, Weekly in Blue, short term(8 hours) in Pink and 45 mnts in Black Very simple case. We are in a stage where the probability of going upward is high. But this idea is about 45 mnts Eventually I see the gold at 1832 but shall we take every drop of water available, of course yes when possible. Because it has run fast 1750 to 1814, it must retrace towards 50% and 61.8% of 45 mnts which is in Black and with a support from weekly fib level 23% around 1775 area. Agree so far??? What next? once it reaches 1775 area, No evaluation is needed because it will then try to go to the confluence of weekly , monthly and daily fib level which is 1830. Please let me know what you think. gold is considered as complicated, is it really?
OANDA:XAUUSDShort
by letslearn
4
GOLD - Wyckoff Price Cycle!Hello TradingView Family, this is Richard, and if you like this idea, kindly support with a like or a comment. I found GOLD chart as a great practical example of Wyckoff's Theory. GOLD is overall bullish trading inside the brown channel and it is currently sitting around the lower bound/brown trendline acting as non-horizontal support. So we are looking for trend-following buy setups. Unless of course, the bears manage to break below 1750, which would invalidate the idea. As per Wyckoff Price Cycle, we are currently in an accumulation phase. For the Markup to start, we need the bulls to prove control by breaking the blue channel upward. As per my trading plan: Since the blue channel is already valid, I will be waiting for a momentum candle close above the last major high in gray to buy. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
12
XAUUSD LONG TO $2300 (ALTERNATIVE SCENARIO)As many of you who follow me, know by now I am short on Gold down to 1570 long term as my main bias. I have even uploaded the analysis on my page which you can go back on see. However, this here is an alternative analysis and has a likely chance of coming into play. After last years strong bullish momentum, Gold has spent most of this year within a correction phase which now seems to be complete according to the Elliot Wave Theory. Gold is now in it's final stages before making its next big move. I am expecting one more micro push down on Gold towards the 1745-1735 price, before we see Gold start pushing back up again. Don't forget, this is an ALTERNATIVE to my Gold short analysis. I am still holding both my long (1742) and short (1870) positions hedged against each other, in accordance to all the previous analysis I have uploaded on my page (feel free to go check them out). I will be catching this move on behalf of myself & my Account Management investors within my private fund. Drop a like and follow if you would like to see more analysis uploaded.
SAXO:XAUUSDLong
by BA_Investments
2
Bearish Flag Pattern Setup on Gasoline, Target at 2Trend Analysis The main view of this trade idea is on the 4-Hour Chart. Gasoline futures (RBOB) appears to be in a bearish flag pattern setup. The pole of the flag can be seen from the sharp decline from 2.55 highs to the initial low at 2.31. Then RBOB began to gingerly channel lower and is currently retesting the 2.31 support level. If RBOB breaks below that support, the futures contract is expected to decline towards 2. A negation of this move will be observed if RBOB breaks above the resistance trendline towards 2.35. From a Daily perspective, RBOB is pulling back from the 2.55 highs. Next levels of support on the Daily Chart is seen around the 2.10 price level. Technical Indicators On the 4-Hour Chart the moving averages (MAs) are above the RBOB price. Also there have been negative crossovers on the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is below 50 with the KST recently having a negative crossover. Recommendation The recommendation will be to go short at market, with a stop loss at 2.35 and a target of 2. This produces a risk/reward ratio of 3.39. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
NYMEX:RB1!Short
by Ceddy86