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Gold - Macro View 🌎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 Monthly: Left Chart From a macro perspective, Gold has been generally bullish, trading within the rising brown channel. For the bulls to maintain control, a break above the 2075.0 level is essential. In this scenario, a continuation toward the upper boundary of the brown channel can be anticipated. 📌 Weekly: Right Chart Meanwhile, from a medium to long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary. As long as the 2075.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes. 📚 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
2
Crude Oil Found The Support?Crude oil is trading lower, currently showing blue wave C in late stages of a corrective wave B pattern. We can also see now five subwaves down within C from 88/89 zone, where final subwave (5) of C can be now coming to an end with a huge volume increase. We can actually already see a sharp bounce from the support that can be signal for a minimum three-wave recovery back to 80 area. If we get a five-wave impulsive recovery back above channel resistance line and 80.00 level, that's when we may call a bottom for crude.
NYMEX:CLF2024Long
by ew-forecast
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