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Gold climbs on global uncertaintyOvernight Gold approached the 3-month high of $1985, since June & July 2023. This was likely due to the - Fed chair Jerome Powell's comments which indicated that the rise in yields might lessen the need for additional rate increases. With the increasing probability of the US Federal Reserve keeping rates on hold at the November meeting, the DXY saw brief moves to the downside. - Continued escalation in geopolitical uncertainty, as troops are reportedly gathering at the Gaza border, suggesting an expected ground invasion, financial markets are seeing a strong move toward the reserve commodity. Do you think Gold will continue its climb higher to the key resistance of $2066?
OANDA:XAUUSD
by JinDao_Tai
Gold - was, is and will always be our Safe Haven!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart After rejecting the 1800.0 support, Gold has been bullish especially after breaking above 1900.0. Currently, XAUUSD is sitting around a strong resistance in green. For the bulls to remain in control, we need a break above 1960.0. 📈 In this case, a movement till the 2000.0 round number would be expected. on H1: Right Chart Meanwhile, the bears can still kick in. To be confirmed if the last low in gray at 1934.0 is broken downward around. 📉 In this case, we will be expecting a correction till the 1900.0 support. 📚 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
3
Gold - Real gold is not afraid of the melting pot 🪔Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last picture and video analysis (attached on the chart), we have been looking for buy setups around the lower bound of the channel. This week, XAUUSD rejected the lower blue trendline and round number 1800, and traded higher. However, it is currently approaching the upper bound of the channel. Moreover, the zone 1900.0 is a previous major low and round number. 🏹 So the highlighted blue circle is a strong area to look for trend-following sell setups as it is the intersection of the orange previous major low and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As XAUUSD approaches the lower blue 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
OANDA:XAUUSD
by TheSignalyst
12
Crude Oil: Ongoing Elliott Wave Corrective Drop Can Be DeeperCrude oil has been on the rise over the last view weeks, which is the main reason why inflation is still the main global problem, so we have seen some positive correlation between dollar and crude as speculators believe that rates will stay here higher for longer. Well, what’s interesting now is that after that after a lot of crude oil bull calls for 100 dollar and higher, the energy is turning south. Looking at the current intraday drop, we can see some sharp move down now, it looks like an ongoing intraday impulse with room for more weakness after Crude inventory data shows decline of 2.2 million barrels last week. From an Elliott wave perspective that’s going impulse for wave A, so more weakness can be seen after subwave iv rally, or even after wave B bounce. Resistance is at 86.75 and 88.30. In fact, lower energy can also mean that inflation can slow down, and this can then at some point puts limited upside for the USD and yields. Grega
NYMEX:CLZ2023Short
by ew-forecast
Gold - We Want our Safe Haven Back ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. XAUUSD has been overall bearish trading inside the falling channel in blue, and it is currently approaching the lower bound of the channel. Moreover, the zone 1800.0 is a strong support, demand and round number. 🏹 So the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. As per my trading style: As XAUUSD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
OANDA:XAUUSDLong
by TheSignalyst
2
#Aluminium - Could reach $2500 and $2700Hi guys! 👋🏻 🔔 There's no clean energy without Aliminium, which is widely used in electric vehicle and solar panels production 🔔 One of the largest consumers of Aluminium - China is expected to increase the demand for the metal in its e-vehicle, clean energy and airplane production. 🔔 Other fundamentals which support higher demand for metals are: global ecnomies raise their expenses on military, renewing their military equipment. 🔔 Aluminium daily chart www.tradingview.com ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
PEPPERSTONE:ALUMINIUM
by azizelliott
1
US Oil Approaches $90 Amidst Supply Scare and Cooling DemandIntroduction: The oil market is heating up, and there's an exciting opportunity knocking at our doors. Brace yourselves as we delve into the recent surge in US oil prices, which have approached the $90 mark due to a scare in supply and cooling demand. In this article, we will explore the factors driving this upward trajectory and present a compelling call-to-action for those ready to seize this golden opportunity and long oil! The Supply Scare: In recent months, the global oil market has been grappling with a series of supply disruptions, sending shockwaves through the industry. From hurricanes disrupting offshore drilling in the Gulf of Mexico to geopolitical tensions impacting major oil-producing regions, the supply scare has created a perfect storm for oil prices to skyrocket. As traders, we understand the significance of such disruptions and the potential for them to create lucrative opportunities. Cooling Demand: Simultaneously, we have witnessed a cooling in demand, primarily driven by concerns over the resurgence of COVID-19 and its impact on global economic recovery. Travel restrictions, reduced industrial activity, and shifting consumer behavior have all contributed to a temporary dip in oil demand. However, as the world adapts to the new normal and economies gradually reopen, the demand for oil is expected to rebound, further fueling the potential for significant returns. The Perfect Storm for Traders: The convergence of supply disruptions and cooling demand has created an ideal environment for traders to capitalize on the oil market's upward momentum. With US oil prices inching closer to the $90 mark, there's an undeniable opportunity to long oil and ride the wave of potential profits. Call-to-Action: Long Oil Now! Fellow traders, it's time to seize the moment and embrace the exciting prospects that lie ahead. Here's a compelling call-to-action to encourage you to long oil: Conduct Thorough Research: Dive deep into the current market dynamics, examining supply trends, geopolitical factors, and demand projections. This will enable you to make informed decisions and identify the best entry points for long positions. Diversify Your Portfolio: Consider incorporating oil-related assets into your trading portfolio to leverage the potential upside. Options such as oil futures, exchange-traded funds (ETFs), or even energy sector stocks can provide exposure to the oil market's upward movement. Set Realistic Targets and Manage Risk: Establish clear profit targets and implement risk management strategies to protect your investments. Utilize stop-loss orders, trailing stops, or other risk mitigation tools to ensure you don't get caught off guard by unexpected market fluctuations. Stay Informed and Adapt: Monitor market news, industry reports, and expert opinions to stay ahead of the curve. The oil market can be volatile, and being proactive in adjusting your positions based on new information is crucial for maximizing returns. Conclusion: Traders, the time has come to embrace the exciting opportunity presented by the surge in US oil prices. With supply scares and cooling demand paving the way for potential gains, it's time to long oil and ride the wave of profits. By conducting thorough research, diversifying your portfolio, setting realistic targets, and staying informed, you can position yourself for success in this dynamic market. So, let's seize this moment and make the most of this exciting trading opportunity!
TVC:USOILLong
by bryandowningqln
2
Eurnzd likely more downside, waiting for pullbacks**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2