XAGUSD approaching the 9 month SupportSilver has been printing Lower Lows since the May 18 High and is now close to the 23.750 Support, which has been holding since December 15, 2020.
If the 1D MA50 Death Cross is avoided (may have a March 2020 effect if it doesn't), then we can expect the Support to hold and rebound back to the Lower Highs trend-line. In that case, the target is 26.700 (just below the 0.618 Fibonacci retracement level).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret
--------------------------------------------------------------------------------------------------------
Commoditysignals
GOLD is it close to entering a new 6 year Bear Cycle?Gold has been quite bearish lately as it failed to continue its May momentum and recover with a Higher High. In fact since the June dip, it failed to break the 1W MA50 (blue trend-line) on three separate weekly attempts.
This weakness heavily draws comparisons with the previous blow-off top and subsequent consolidation from August 2011 to April 2013, before it eventually led into a 6 year Bear Cycle.
As you see on the chart, the two fractals (Fractal A = 2011-2013 and Fractal B = 2020-date) are quite identical. The key parameters on both are the 1W MA50 (blue trend-line), the 1W MA100 (green trend-line) and the 1W MA250 (red dotted trend-line).
Fractal A took 75 weeks before the price broke and closed below the 1W MA100, which until then it has been the long-term Support. The 1W MA50/100 Bearish Cross was formed just outside this 75 week sequence and only a few weeks after it led to a test of the 1W MA250.
Fractal B has so far the 1W MA100 in Support but for the first time the 1W MA50 is turning lower so aggressively. I have applied the time Fib Zones on the 75 week model and as you see that is fairly symmetrical to the August 2012 period of Fractal A when the 1W MA50 started to roll lower just after the 0.618 time Fib. On Fractal B it appears we are on the same spot.
What happened after the roll on Fractal A was one last rally above the 0.618 Fibonacci retracement level (vertical) and then the slow but steady decline that broke below the 1W MA100. Does that mean that Gold has currently one last rally to give? We can't be sure as the May 2021 High almost hit the 0.618 Fib retracement level and was rejected, which could be the equivalent of Fractal A's 3rd fake-out break of the 0.618.
What do you think of this Cyclical comparison? Is this a possibility for you?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret
--------------------------------------------------------------------------------------------------------
WTI OIL Golden Cross 1W. One last top before major correction?Last week the Golden Cross (when the MA50 crosses over the MA200) on the 1W time-frame for WTI Oil went unnoticed. Last time we had a 1W Golden Cross was way back in April 2018. This raises an interesting fractal comparison.
As you see the price action when the Golden Cross happens is within a Channel Up both now then in 2018. Interestingly enough, when the Channel Up pattern started on both occasions, the RSI started printing Lower Highs, meaning it was on a Bearish Divergence. In 2018 that ultimately led to a blow-off top. Both sequences hit the $77.00 as their Highs. Does that fractal comparison indicate that WTI has one last dead-cat bounce to make before a major correction? What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret
--------------------------------------------------------------------------------------------------------
XAUUSD Sideways until one of those lines breaksPattern: Rectangle on 4H.
Signal: Scalping as long as the Resistance and Support zones break. (A) Buy if the Resistance breaks, (B) Sell if the Support breaks.
Target: (A) 1870 (just below the 2.0 Fibonacci extension), (B) 1760 (just above the 1750 1D Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> sikret
--------------------------------------------------------------------------------------------------------
WTI OIL needs to break this Lower Highs trend-linePattern: Channel Up on 1D.
Signal: Buy if the Lower Highs trend-line breaks or if the MACD forms a Bullish Cross.
Target: 80.00 (below the 1.5 Fibonacci extension).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoCreatin
--------------------------------------------------------------------------------------------------------
XAUUSD Head and Shoulders on 4H Trading PlanPattern: Head and Shoulders on 4H.
Signal: (A) Bullish if the Lower Highs trend-line breaks, (B) Bearish if the Support Zone breaks.
Target: (A) The Higher Highs trend-line, (B) The Lower Support.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoCreatin
--------------------------------------------------------------------------------------------------------
XAUUSD Close to a 4H Golden CrossGold is close to forming a Golden Cross on the 4H time-frame. That is when the 4H MA50 (blue trend-line) crosses above the 4H MA200 (orange trend-line) and the long-term trend turns bullish.
In the last two 4H Golden Cross formations, the price rose to the 2.0 Fibonacci extension level after the Cross was made as you see on the chart. It is also interesting to add that at the time of the Golden Cross, the 1D RSI has been roughly at the same level (around 50.000).
If the 4H Golden Cross is formed now at around 1815.50, then the 2.0 Fib Target will be at 1880. Is this fractal consistent enough to trade in your opinion?
P.S. Bonus Material/ Gold on perfect symmetry:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hanicrypto
XPTUSD About to confirm a bullish break-out.Pattern: Bullish Megaphone on 1D.
Signal: Buy as the RSI broke above its Lower Highs trend-line. For a stronger confirmation you may wait for either a break above the 1D MA50 (blue trend-line) or the Lower Highs trend-line of the price since the February 16 High.
Target: Either the 5.0 or 6.0 Fibonacci extension.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Ether2020
--------------------------------------------------------------------------------------------------------
XAUUSD Important test of the 4H MA50.Gold broke above the 1800 barrier which also was the 0.5 Fibonacci retracement level and as you see an important symmetrical pressure level. Those pressure levels (marked by the blue zones), are on some occasions exactly on the Fibonacci trend-lines.
At the moment, Gold is testing the 4H MA50 (blue trend-line) as Support for the first time since June 11. Since the whole pattern appears to be fairly symmetrical itself (see how the 1760 symmetrical Support cluster held both during April and during June), we can argue that if the 4H MA50 holds, it will provide a strong uptrend, similar to the May 13 hold.
Right now though there is a strong Resistance Zone which consists of the 4H MA200 (orange trend-line, which wasn't there back in May) and the 1W MA50 (bold red line), which provided Resistance back in May.
It may be best to be conservative with buying now (as long as the 4H MA50 holds) and aim on the short-term levels of 1840. Continuation buying can be made once the Lower Highs trend-line (black dashed line) breaks.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> ridethepig
--------------------------------------------------------------------------------------------------------
WTI OIL Getting closer to a buyPattern: Channel Up on 1D.
Signal: Buy when contact is made with the 1D MA50 (blue trend-line) or the RSI enters the long-term buy zone.
Target: 79.50 (top of the Channel).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> ridethepig
--------------------------------------------------------------------------------------------------------
GOLD Buy SignalPattern: Head and Shoulders on 1D.
Signal: Buy as the price broke above the 1D MA100 for the first time since June 17 and is attempting a break above the pattern's neckline after a 1D Golden Cross has been formed last week. Also the 1D RSI is rebounding off its multi-month Support Zone. The formation seems to be the inverse of the Inverted H&S of November - December 2020, which after a Death Cross, made a new Low.
Target: 1855 (just below the Lower Highs trend-line, also 0.236 Fibonacci retracement level).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Pablito1986z
--------------------------------------------------------------------------------------------------------
NATURAL GAS approaching the ultimate long-term sell levelI've first published this chart 2 years ago on Natural Gas' 2 year cycles within a +10 years Channel Down. As you see this pattern is holding up to this day and in fact following the aggressive rise of this year (and of Q2 in particular), it becomes more relevant than ever.
The time-frame is on the weekly (1W) of course to grasp as much of the long-term price action as possible and right now is has just formed a Golden Cross (when the 1W MA50 (blue trend-line) crosses above the 1W MA200 (orange trend-line)). This is technically a bullish formation as it shifts momentum from bearish to bullish long-term.
However within this 10 year+ Channel Down, Golden Crosses have been formed closer to peaks than bottoms. It is therefore no coincidence that the price has already entered the Sell Zone of the Channel Down and is currently approaching its Lower Highs trend-line.
I've applied also the Sinewave indicator and it seems very consistent with NG's cyclical behavior within this Channel Down. Even though this Cycle's Top (Lower High on the Channel Down) can be priced anytime within 2022, the price level won't be much higher than the current.
Long-term traders and investors should take this opportunity to sell and comfortably wait for (much) lower prices in 2024 before buying again. Such consistent long-term patterns don't come around that often.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> chrissmith98
--------------------------------------------------------------------------------------------------------
WTI OIL Channel Up rejection shows strong pull-back nextPattern: Channel Up on 1D.
Signal: Sell as the price got rejected on the Higher Highs trend-line of the Channel Up. This will be confirmed once the 1D MACD makes a Bearish Cross.
Target: The 4H MA200 initially (red trend-line) and the 1D MA50 (blue trend-line) in extension where yuo can shift to a buy.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> fract
--------------------------------------------------------------------------------------------------------
PALLADIUM Excellent long-term buy opportunityPattern: Channel Up on 1D.
Signal: Buy as the price is rebounding after hitting the 1D MA200 (orange trend-line) and the 1 year RSI Support. You can wait for the MACD Bullish Cross to confirm that.
Target: 2950 (top/ Higher High of the Channel Up) and 3300 in extension (1.5 Fibonacci extension as with previous Highs).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> StockSwinger
--------------------------------------------------------------------------------------------------------
XAUUSD Will a Golden Cross on 1D emerge?Gold is very close to form a Golden Cross on the 1D time-frame, which is when the MA50 (blue trend-line) crosses above the MA200 (orange trend-line). That is normally a bullish pattern. The opposite is the Death Cross (bearish) and was last seen on February 16. After it emerged, a short bounce took place but just a few days later the price collapsed to a new Low (12 month Low).
Can the Golden Cross provide a proportionate result, i.e. short-term selling followed by a new High. There are surely a lot of Resistances involved (see the Fibonacci retracement levels and the Lower Highs) but at the same time, the RSI is within a 3 year Support Zone, while the current pattern looks like a H&S while the opposite in November - January like a Inverse H&S.
What do you think lies ahead for XAUUSD?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> StockSwinger
--------------------------------------------------------------------------------------------------------
GOLD down almost 8% from the top. Will the 0.618 Fib hold?The Gold market didn't take the Fed news lightly as the announcement of two rate hikes by the end of 2023 wasn't exactly ideal for Gold, which is used as an inflation hedge.
Technically the -8% fall has so far stopped on the 0.618 Fibonacci retracement level (1768). Its attempt to rebound though today faced considerable Resistance on the 0.5 Fib (1797)and got rejected.
A similar sequence was last seen in mid April - early May when Gold was consolidating within the 0.5 - 0.618 Fibonacci range before breaking higher, making this a High Volatility Zone. Can this pattern replicated? What's important though is that a daily candle closing above the 0.5 Fib should be a bullish break-out signal towards the 0.236 Fib and the Lower Highs trend-line, while a close below the 0.618 Fib, a call for further weakness towards the 0.786 Fib where it may make contact with the 1W MA100 (red trend-line).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> mused_Aurorah
--------------------------------------------------------------------------------------------------------
WTI OIL overbought stillPattern: Channel Up on 1D.
Signal: Buy once the price breaks below the 1D MA50 again (blue trend-line).
Target: 76.00 (closer to the top of the inner Channel).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> mused_Aurorah
--------------------------------------------------------------------------------------------------------
XAUUSD will form a 1D Golden Cross after the Fed. What's next?Gold investors are looking forward to 2 key developments this week: The (fundamental) Fed Interest Rate Decision on Wednesday and the (technical) Golden Cross on the 1D time-frame, which may either be formed on Friday or by next Tuesday.
With the latest news from the Fed's side pointing to no change in their economic outlook over inflation, maintaining their intention of keeping the rates low, this continues to build a strong case for Gold as a counter-inflation investment.
The Golden Cross on the other hand is a technical formation that happens when the MA50 (blue trend-line) crosses above the MA200 (orange trend-line), shifting the sentiment from long-term bearish to long-term bullish. The last Death Cross (the opposite of the Golden Cross) on the 1D time-frame was formed on February 15 and it marked the top at the time as after a short rebound, Gold plunged -8%.
As you see, I'm approaching the long-term price action since the August Market Top (All Time High) as a symmetrical sequence. Even though the uptrend of the past 2.5 months isn't a copy-past of the August 06, 2020- March 08, 2021 down trend (how could it after all), the two are fairly similar in the sense that they seem to be respecting several Support and Resistance levels within their respective Channels.
At the moment, the price found the 1D MA200 (orange trend-line) as well as the longer-term 1W MA50 (red dotted line). On November 30, 2020, such a pull-back near the 1W MA50, reversed and delivered a strong +11% rebound. On top of that, yesterday's low was on the Symmetrical Support (1), which is a Zone that since September 23, 2020 has held on a few occasions. The chances of a rebound here are strong. However, if the Golden Cross fails to contain the price next week, there is a probability for one final leg downwards to the Symmetrical Support (2). That seems less likely though to happen as since the June 01 High was slightly below the 0.618 Fibonacci (counting from the August Top), the 0.382 Fibonacci seems like the most likely Support level.
In any case if an investor scales their buys correctly on those two zones, the long-term return appears to be excellent as by the end of the year based on this pattern, Gold should make new ATH.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AngusMcK
--------------------------------------------------------------------------------------------------------
XAUUSD Still an inflation hedge ahead of the CPI?Gold has been trading within a Channel Up since the March 31 bottom. Tomorrow we have the critical U.S. CPI data release and ahead of that, Gold has been showing some weakness as it has been trading under Lower Highs since the June 01 top.
This Lower Highs trend-line needs to break to restore the bullish sentiment on the short-term and the price action since March favors a break-out. As you see on the chart there have previously been two Lower Highs trend-lines sequences, both of which broke to the upside after the 4H MA150 held as Support (yellow trend-line). The MACD is fairly similar right now to those two sequences. Since the 4H MA150 held on June 03, it would appear that the Lower Highs will break soon upwards, but low risk traders should take that break-out trade after confirmation by the CPI with a tight SL in place. The target is 1950, which is slightly below the Resistance Cluster (red zone) since September 2020.
If the price fails to close a session above the Lower Highs trend-line, then be prepared for a potential Channel Down and testing of the 1D MA50 (red dotted line) for the first time since April 15.
Previous Gold signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> crypto-strong
--------------------------------------------------------------------------------------------------------
WTI Oil An interesting fractalWhat do you think of this fractal on the 1W time-frame? The price action since mid 2020 resembles that from early 2017 to mid-late 2018. During that time, WTI started off a Channel Down (blue), then as it broke above the 1W MA50 (blue trend-line) it rose aggressive and after it broke above the 1W MA200 (orange trend-line) as well, it entered a a 9 month Channel Up (green) that eventually led to the October - December 2018 collapse. During that Channel Up, a 1W Golden Cross got formed.
Since mid 2020, the price seems to be following the 2017/2018 sequence. We are currently inside the (green) Channel Up. Even the RSI and MACD are printing similar sequences. Will another 1W Golden Cross emerge that will lead the Channel Up to a blow-off top? What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> crypto-strong
--------------------------------------------------------------------------------------------------------
WTI OIL Is $100 a realistic price target?A lot of talk has been made lately around popular assets like Gold's strength, the selling on BTC and the weakness of the USD while few have been paying attention to WTI Crude Oil's long-term carts. WTI has silently broken above its Historic Lower Highs trend-line (that has been in effect since the July 2008 Market Top) and is on a sustainable trade above it. This key advancement may have very important implications on the long-term, as with the DXY on a continuous fall, it appears that after decades, we may finally see Higher Highs on Oil.
On top of that, last month, the 1W chart formed a Bullish Cross (BC) between the MA50 (blue trend-line) and the MA100 (green trend-line). Since 1995, we have had seven 1W MA50/100 Bullish Crosses and all but one delivered a Higher High. In the 4 most recent ones in particular, 3 times the price reached at least the 1.5 Fibonacci extension counting from the previous bottom. The 1.5 Fib extension currently sits at 102.50.
Is this sustainable break-out from the Historic Lower Highs along with the 1W BC, good news for oil producers? Do you think $100 is realistic in the near future? Feel free to share your work and let me know in the comments section!
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
LUMBER Sell SignalPattern: Channel Up on 1D.
Signal: Sell as the price got rejected on the Higher Highs trend-line of the Channel Up.
Target: The 1D MA100 (green trend-line) on the short-term and the 1D MA200 (orange trend-line) on the medium-term.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------
GOLD Channel Up intact aiming at 1950Pattern: Channel Up on 1D.
Signal: Buy as the price rebounded exactly on the Higher Lows trend-line of the Channel following the 1D MA50/MA100 Bullish Cross and on top of that a 1D Golden Cross is emerging.
Target: 1950 (just below the 10 month Resistance Cluster of September 2020).
Previous Gold signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
--------------------------------------------------------------------------------------------------------