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Commoditysignals

XAGUSD First major sell signal in 3 months!We had a blast with our buy signal on Silver (XAGUSD) in late February as we caught the exact bottom on the oversold 1D RSI: Now the tide is turning as the STOCH RSI on the 1W time-frame is vastly overbought and is waving the first sell signal after more than 3 months. This doesn't mean that the price can't extend slightly its rise, but this is an optimal level to start adding sells based on our long-term strategy. Right now the price is just above the 0.618 Fibonacci level, having broken above the dashed Lower Highs but is near the dotted Lower Highs. A max extension near the March 07 2022 High and the 0.786 Fib isn't likely but isn't unrealistic at the same time. As mentioned though, that is good enough for us to sell and as of today we switch back to being bearish on Silver, targeting initially the 2 year Pivot at 21.750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
1
XAUUSD This Channel Up is everythingGold (XAUUSD) is pulling back as we suggested with our last week's analysis based on the US10Y: The pattern that emerged is a Channel Up since the March 20 High and the price is right now on the 4H MA50 (blue trend-line). As long as it holds the Higher Lows trend-line (bottom) of the Channel Up, it is a buy signal, targeting 2050 (a Higher High). If it closes below the Channel Up, then longer term parameters will come in effect, first and foremost being the Fibonacci retracement levels from the March 08 Bottom. The 0.5 - 0.618 Fibonacci range happens to contain the Symmetrical Support Zone that come all the way from mid January. In that case, we will resume shorting Gold and target the top of the Zone at 1910. Notice how the 4H RSI has been inside a Channel Down while the price is on a Channel Up, indicating a Bearish Divergence. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
1
GOLD May have peaked medium-term based on the US10Y.Gold (XAUUSD) reached (even broke marginally) the top of its long-term Channel Up. At the same time, the US10Y (black trend-line) is almost on a Double Bottom similar to February 02. That was a medium-term peak for Gold and a one month correction followed as low as the 1D MA100 (red trend-line). Gold's peak was made after its 4H RSI broke above its Lower Highs trend-line, which turned out to be a fake-out. If the US10Y starts rebounding, Gold may form a similar peak and in that case we will turn bearish on the medium-term, targeting initially the 1D MA50 (blue trend-line) and the last Low at 1910. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
7
XAUUD Bullish pennant like last November?Gold (XAUUSD) is trading within a Bullish Pennant pattern since the March 20 top. Both the price action and the RSI on the 1D time-frame resembles the Bullish Pennant pattern of last November (both started forming after a +11% rise). That shortly after broke to the upside, as it technically does normally, and posted another +11% rise. Currently a break above it again, would seriously make the market consider another long-term rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
WTI OIL Near a long-term ResistanceWTI Oil (USOIL) hit our medium-term target last week but following OPEC's cuts, it opened with a big gap up on Monday: In order to more effectively understand the market dynamics after this move, it is best to view Oil on the 1W time-frame where we see all key characteristics of this move. First the rebound 2 weeks ago started after the price tested the 1W MA200 (orange trend-line) for the first time since February 01 2021. The price closed back above it and the rebound landed us to where we are now. This is just shy off Resistance Zone 1, which is holding since November 2022. This calls for the most optimal sell opportunity on a quarterly basis, targeting again the 1W MA200 and the 2 year Support Zone at 63.00. However with the 1W RSI on Higher Lows i.e. a Bullish Divergence against the candles' Lower Lows, we have to consider the probability of a potential bullish break-out. Since the 1W MA50 was a long-term Support turned into Resistance that hasn't allowed a 1W candle close above its since November 2022, we are willing to buy only if we close above it. The target on that occasion will be 93.00 (Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
1
GOLD May be starting a new 7 year Bull Cycle.Gold (XAUUSD) has been on a 6 month rally since the September 28 2022 market Low. This chart on the 1M time-frame shows that Gold is trading on approximately 7 year Cycles since the April 2001 market bottom and that based on this model, the September low may be the bottom of the previous Cycle and start of the new one. Since August 2011 there is a Higher Highs trend-line that rejected any bullish break-out attempts and bullish continuation both on the August 2020 and March 2022 Highs. At the same time the 1M RSI has been on Higher Lows since July 2013 and the recent September Low made a perfect touch on the trend-line. It is likely that a break and closing of a monthly candle above the August 2011 Higher Highs trend-line would start a Channel Up that could share some characteristics with that of 2001 - 2011. What do you think? Are we that close to such a historic Bull Cycle? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
6
WTI OIL Channel Up aiming at the 1D MA50.WTI Oil (USOIL) transitioned from the Inverse Head and Shoulders (IH&S) pattern we described last week to a Channel Up: Our target remains 74.50 on the medium-term which makes both a Higher High on the Channel Up while filling a 2.0 Fibonacci extension, which is the technical target for the IH&S. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
XAUUSD Bearish below the 4H MA50, 1st time in 2 weeksGold (XAUUSD) broke today below the 4H MA50 (blue trend-line) for the first time since March 10. After the Triple Top formation last Friday, this is the 2nd medium-term bearish signal. With the 4H RSI on a Channel Down similar to the top formation of February 02, we are bearish targeting 1890 within Support Zone B. If the price closes above the 4H MA50 again and later breaks above the 1H MA50 (yellow trend-line), we will target short-term 2000 (last rejection) and resume with more sells the 1890 target. Notice how this is the huge Support Cluster where the 1D MA50 (red trend-line) and the 4H MA200 (orange trend-line) are. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
NATURAL GAS Confirmed our long-term view, now turning sideways.Those who follow us for long, know that we tend to utilize long-term patterns, especially cyclical pattern that give a high probability of return as they filter out the day-to-day noise from the news. Natural Gas (NG1!) is no exception and our multi-year Cycles analysis last January proves that: As the price continued to free-fall, we now find it useful to better explain the situation to you, to turn back to the 1D time-frame and compare the 2022/23 Cycle to 2014/15. As you see the correlation is fairly high. Both started on a 1D Death Cross, with the 1D RSI deeply overbought. As the price never broke above the 1D MA50 (blue trend-line) since December 20 2022, it appears that we are in a similar level as February 2015 when after a test of the first Support Zone (green), the price rebounded, got rejected on the 1D MA50 and then turned sideways to break it. It stayed neutral for basically 6 months before starting a new multi-month round of heavy selling. The signal to sell it again was when the price was at its closest to the 1D MA200 (orange trend-line). The downside potential is significant and goes lower than the previous Low of 1.450, which is our long-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
1
XAUUSD Don't sell before this trend-line breaks!Gold (XAUUSD) continues its parabolic rise that started on March 09. The dashed Higher Lows trend-line is sustaining this uptrend and as long as it holds, we are targeting 2050, which represents a +5.50% rise, similar to the 2 bullish legs we already have since March 09 and a contact with the January 16 Higher Highs trend-line. On the other hand, sell if the March 09 Higher Lows break and target 1935 (Support Zone A) and if broken, potential extension to Support Zone B. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
1
XAUUSD Is this rise an extreme like Russia war or trend change?Gold (XAUUSD) is on an extreme rally since its rebound on the 1W MA50 (blue trend-line) that filled today the 1960 High of February 02. At the same time it broke above the top (Lower Highs trend-line) of the multi-year Channel Down pattern that Gold has been trading in since August 2020. The last time it broke above this Channel was almost exactly 1 year ago (March 2022) during the peak of tension in the Russia - Ukraine war. That extreme effect only lasted for a week and the candle's wick almost reached the previous High (August 2020) before closing the 1W candle back inside the Channel Down. With the week almost over, it is likely that this time Gold won't close the candle back inside the Channel. The previous High is exactly at 2000 so based on the extreme variance, the model can tolerate a rise up to that level. Notice how the 1W RSI is also approaching a Lower Highs trend-line that dates back to August 19 2019! The question now that arises is does a 1W candle close above the Channel Down constitute another extreme like the war 1 year ago or is a change of trend/ pattern long-term, especially if the RSI breaks above its Lower Highs? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
6
WTI OIL Excellent long-term buy opportunity.WTI Oil (USOIL) got its 1D RSI oversold below 30.00 as the market made a new Low since December 09. The last two times the 1D RSI was that low was on the medium-term (Lower) Lows of December 09 and September 26. This is a strong buy signal as every time the Low was priced, it did so on a consecutive 1D Double Bottom candle, which just did today. The Pivot Zone is the first level of Resistance, but since the Dec and Sep rebounds both hit the 1D MA50 on the way up, we will target that again, setting a medium-term target at 74.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
XAUUSD Target hit. Look for a pull-back to re-enter.Gold (XAUUSD) reached our Inverse Head and Shoulders target (1913) we set last week and fulfilled the buy signal we gave 2 weeks ago right when the former Falling Wedge broke upwards: As the 4H RSI has gone overbought beyond limits, the 1D RSI is on a controlled bullish trend, with a Higher Lows trend-line as its Support. Every contact with it is a buy. As the 4H MA50 (blue trend-line) is expected to cross above the 4H MA200 (orange trend-line) within 3 days and for a Golden Cross, we expect the price to pull-back inside the (green) High Volatility Zone. Target 1 is at 1920 (the Symmetrical Resistance) and if it price breaks above the 0.786 Fibonacci, Target 2 will be at 1955 right below the February 02 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
2
XAUUSD Plan worked out like a charmGold (XAUUSD) followed our last analysis very efficiently and reached the 1860 Target today: Right now the price is attempting contact with the 4H MA200 (orange trend-line) for the first time in a month (since Feb 09). At the same time it makes contact with the 0.382 Fibonacci retracement level of the February 02 Top. With the 4H RSI overbought musch like on March 03, we are expecting a pull-back to at least the 4H MA50 (blue trend-line), where it can approach also the 0.236 Fib and then rebound to the next target of 1880 (Fib 0.5). The Inverse Head and Shoulders Fib 2.0 extension target is at 1913.50 and this is our long term projection. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
2
WTI OIL Sell opportunity halfway through the bearish wave.WTI Oil (USOIL) is on a short-term bearish wave after getting rejected on the Lower Highs trend-line of January 23. As the 4H MA50 (blue trend-line) is about to form a Golden Cross with the 4H MA200 (orange trend-line), we are opening a new short-term sell targeting 74.50, right above the Higher Lows trend-line. As you see every 4H Golden Cross has been a respectable sell entry, all of which aimed ad the Higher Lows trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
3
XAUUSD Oversold RSI, bottom of the Channel = Buy opportunityGold (XAUUSD) got a massive rejection following Powell's comments on the potential of higher interest rate hikes. It hit the Symmetrical Support level of the Inverse Head & Shoulders pattern we outlined on our previous analysis and so far seems to be rebounding. A potential Channel Up gives room for some more decline before an eventual recovery. The 4H RSI just breached into the oversold territory and as it was a sell last Friday when it was overbought, so is a buy opportunity now that it is oversold. If broken, the final level of long-term Support is the 1W MA50 (yellow trend-line), which provided the Support and big bounce last week. Our target is the 4H MA200 (orange trend-line), with a projected extension targeting 1860. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
10
XAUUSD We caught the bottom buy, now how high can it extend?Ten days ago we called a bottom on the exact market buy for Gold (XAUUSD) as the 1D RSI was approaching the oversold level: This time we bring you an even more extensive perspective on the 2D time-frame, having found a fractal from 2019 that can lead Gold much higher than most anticipate, assuming of course the global market fundamentals continue to be the same. As you see the two sequences (2022/23 on the left and 2018/19 on the right) share almost the exact characteristics, both starting a rally on an extremely oversold RSI (when most least expected it), having a rejection on a Lower Highs trend-line, finding Support on the 2D MA200 (orange trend-line) and forming a Golden Cross. This is where the current (2023) fractal stops as the first rally since the February High has started. In 2019 the price broke easily above the 1D MA50 (red trend-line) but was rejected on its 0.618 Fibonacci retracement level, which made it fall more and make a marginally Lower Low, before th eventual hyper aggressive parabolic rally started that had a first stop on the 2.5 Fibonacci extension. On the 2023 fractal, the 0.618 Fib is at 1900. In 2019 this was formed exactly on the Golden Cross. The new Golden Cross will be completed tomorrow. If Gold doesn't reach 1900 by then and continues to rise, it is possible to ignore the bias of the 2019 fractal for one last Lower Low. A closing above the 0.618 Fib may also invalidate that. In any case, even in the event of one last pull-back, you can reserve a spot for one additional buy just under the 2D MA200. The target will more than make up for this risk as if the fractal is repeated, then the upside by the end of Summer can be anywhere within 2110 - 2190. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
2
XAUUSD Battling to stay bullish on this Resistance. $1870 eyed.We are updating on our view earlier this week: Gold (XAUUSD) hit and got rejected today on the 1847.50 Symmetrical Resistance (February 20 High) as the 4H RSI turned overbought. Assuming the bottom reversal pattern is an Inverse Head and Shoulders (IH&S), we need a candle closing above the Symmetrical Resistance in order to extend buying towards the 4H MA200 (orange trend-line) and our 1870 medium-term target. If instead it closes below the 1H MA50 (red trend-line) we expect to see a pull-back first to the 4H MA50 (blue trend-line) and if closed below then the 1817.50 Symmetrical Support before rebounding. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
2
XAUUSD closed above the 4H MA50, first time since Feb 02!Gold (XAUUSD) is having the first major bullish break-out since it started its aggressive collapse on the February 02 top, as it closed a 4H candle today above the 4H MA50 (blue trend-line) for the first time since the top! By doing so it also broke above the Falling Wedge pattern of the past two weeks and with the 4H RSI on Higher Lows (i.e. a Bullish Divergence), and this is a legitimate bullish reversal formation. As the 1W MA50 (yellow trend-line) formed the bottom, it is advised to buy initially the pull-backs to the 1H MA50 (red trend-line) and target the upper Fibonacci levels systematically. We will do this until the price approached the 4H MA200 (orange trend-line), potentially within the 0.382 - 0.5 Fib Zone and then re-evaluate. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
4
XAGUSD Our great masterplan continues to work to perfection.Since early last year, we have been following a certain buy low/ sell high approach on Silver (XAGUSD) after we identified that it has been trading inside a 2-year Channel Down: We most recently turned bearish again on precisely the right time on our previous January 31 sell call: Right now however, with the price having broken on Friday below the 1D MA200 (orange trend-line) for the first time since November 30, it hit the 20.625 Support formed by the November 21 Low. This is potentially the formation of the Right Shoulder of a giant Head and Shoulders (H&S) pattern. With the 1D RSI deep below the oversold barrier, this is were we will attempt our first medium term buy targeting the (green) Symmetrical Resistance Zone and the 1D MA50 (blue trend-line), any of the two gets hit first. We will attempt an additional buy entry near the Higher Lows trend-line (holding since the September 01 Low), as this would complete a -19.50% decline, similar to the June 06 - July 14 pattern. Its target was a +15.10% rise to the 0.618 Fibonacci, but again we will settle for just the (green) Symmetrical Resistance Zone and the 1D MA50 as targets. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
2
WTI OIL Two break-out buy signals11 days ago we took the best possible sell entry we could have as we shorted the exact top, calling for the best sell opportunity since December: Right now the price is on a strong rebound, slightly higher than Support 1 (73.25) but with the 1D RSI on a confirmed reversal within its range. If you missed the bottom buy opportunity, wait for a 4H candle closing above the 4H MA50 (blue trend-line) as this was a confirmed buy opportunity on all previous three occasions (circles). First target at 78.50 and if the price closes above the Lower Highs (dashed) trend-line, we will re-buy targeting 80.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2