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Commoditysignals

XAUUSD Entered the 4H Support Zone - Buy SignalPattern: Consolidation within the 4H MA200 (orange trend-line) and the 1,815 - 1,820 Support Zone. Signal: Buy as long as the Support Zone holds. If broken keep in mind that the 1W MA50 (ultimate yearly Support) is at 1,795. Target: the 4H MA200 and if we get a daily close above it, then the Symmetrical Resistance Zone. ** 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 ==> richard_abbotts --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
5
WTI OIL needs to hit the 4H MA50 to accumulate buyersPattern: Bullish Megaphone on 4H. Signal: Buy once contact is made with the 4H MA50 (blue trend-line) and after the price consolidates with a Double Bottom. Every drop below the 4H MA50 has been the optimal buy entry. Target: 53.90 (the Resistance) and for those seeking more risk 56.00. Most recent WTI 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 ==> ProjectSyndicate --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
3
NATURAL GAS broke the 1D MA50 after +2 months.Last time NG crossed that level was on November 03. But last time it did so coming below with the 1D MA50 as a Resistance, was on July 28 and before that March 09. On both occasions, the after the break-out, an approximately +20% rise followed. In addition, the RSI just broke the trend-line which also broke during those two events. Everything points towards a Natural Gas value around 3.300. Most recent NG signal: 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 ==> ProjectSyndicate --------------------------------------------------------------------------------------------------------
NYMEX:NGG2021Long
by TradingShot
3
GOLD Is it time for buyers to start worrying?Last week Gold saw a drop bigger than -6%, which got a lot of investors thinking that a stronger sell-off may be starting. So should Gold buyers worry? In my opinion not (yet) and I will explain why. ** The long-term Bullish Channel is still intact ** As you see on the chart, Gold remains within its long-term Bullish Channel that started after the August 2018 bottom ($1160) and got confirmed after breaking the (former) $1400 Resistance that was holding since 2014. Excluding the March 2020 break downwards (which was caused by the COVID melt-down) and the July 2020 break upwards (which was caused by the stimulus hopes), this bullish Channel has been pretty consistent. In fact its last Low on November 30, 2020 has been on its Higher Low trend-line. Not only that but that Low took place on the 1W MA50 (as seen on the chart below that I posted on November 30), which has been holding since December 2018 and every contact with is a long-term buy opportunity. So as long as this trend-line holds, the long-term bullish trend should be preserved. Back to our current chart, which is on the 1D time-frame. As you see, we currently have an MA50/ MA200 squeeze (black arrows). Last two times this happened (May 30, 2019 and December 23, 2019), Gold rallied aggressively. ** The role of the MACD and RSI ** It is important to note here that the 1D MACD just made a Bearish Cross. As you see on the chart, every time the MACD makes a Bearish Cross and turns lower, Gold enters a shor-term consolidation phase (green rectangle on the chart). Special case was the case even during the 2nd August irregularity when the price turned sideways after the MACD Bearish Cross but then never recovered (even till now) that high and instead dropped lower (but it can be argued that it just corrected itself after the irregularity back into the Channel Up). But in all other 3 instances, a new High followed the consolidation. In my opinion the current phase is more similar to the April 2020 Bearish Cross. The RSI shows us something interesting here. In both cases it rebounded after it roughly touched the 30.000 (RSI) level and then after a roughly 70.000 top, it dropped back to the 41.000 level. A strong rebound followed. This is where the RSI is today, even though this time the 41.000 pull-back came earlier. ** The Death Cross that we should avoid ** I need to point out, that the pattern which would signal a long-term trend change would be the 1D Death Cross. That is when the MA50 (blue trend-line) crosses below the MA200 (orange trend-line). That could be devastating for Gold bugs. To put it into perspective, last time a Death Cross occurred on the 1D time-frame was on June 22, 2018 (see chart below): What followed after that was a sharp 2-month sell-off of around -9% that made Gold's last known bottom at $1160. A similar sell-off would drop the price close to the $1650 mark. So far that looks less likely, but I would like to read your thoughts on that. Do you think that Gold's long-term bullish trend is intact, or the trend has started shifting to the downside? 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 ==> McGorgeous --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
18
XAUUSD Buy SignalPattern: Channel Up on 4H. Signal: Buy as the price hit both the 4H MA50 and the Higher Low trend-line of the Channel Up and the RSI its Buy Zone. However the MACD has a gap, which could lead lower so reserve a buy for the 4H MA200 as well. Target: 1990 (right below the September 01 High and the inner Higher High trend-line). 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 ==> ProjectSyndicate --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
3
COPPER Don't miss the 2 year bull runA very important long-term pattern was just formed on Copper. On the 1M time-frame, the MA50 (blue line) and the MA100 (green line) have formed a Golden Cross. Last time that happened was in August 2004. Copper rose by +370% from the MA100 break-out level. The Cycle seems to be repeated as the Golden Cross has come after the price Double Bottomed last March (2020). Same with the November 2001 Double Bottom. Additionally, the LMACD is replicating the exact same sequence. For me Copper is a dip buy action on every 1M candle from now on. ** 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 ==> TradingView --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
3
XAUUSD Invalidated H&S, now turning bullish.Pattern: Broken Head and Shoulders to the upside. Signal: Buy as the top of the Right Shoulder broke. It appears that the price may be repeating the December 01-02 bullish leg. RSI identical, MACD on Bullish Cross. Target: 1890 (just below the 2.0 Fibonacci extension as did the Dec 01 leg). ** 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 ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
2
GOLD hit the 1D MA50! Attention needed!Gold touched the 1D MA50 (blue trend-line) for the first time since November 09. The current since November 30, is a direct consequence of the price reaching and rebounding on the 1W MA50, as I forecasted then on the following study: Back to the 1D MA50. Why is it so important? Because if we exclude the strong rise above it and subsequent sharp fall of November 05 - 09 (which was a direct correlation to the U.S. elections/ Prizer announcement), every time Gold hit the 1D MA50 (since September 21) it got rejected. It goes without saying then that this is the level to break, if we want to extend the December rally, and preferably I want to see this break without being supported by outside fundamentals. The trend will be more sustainable if based on pure technicals and long-term buying sentiment. If however the 1D MA50 gets rejected again, XAUUSD may form another Triangle (within the wider Channel Down pattern). However due to the 1W MA50 rebound, I find this unlikely and I have to give more probabilities to the upside (and break of the 1D MA50). As the following chart (on the 1W time-frame) shows, last time the 1W MA50 held, the price topped on the 1.236 Fibonacci extension on a +21% rise. A similar rise will put Gold at $2140 in the near future. On top of that, on the 1D time-frame, we have the strongest RSI rise since March (which was the recovery after the COVID collapse based on the stimulus package). Similarly, the 1D MACD is having the strongest Bullish Cross since March. What do you think? Are you buying Gold for the long-term already? ** 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 ==> TradingView -------------------------------------------------------------------------------------------------------- Similar Gold multi-timeframe analysis:
FX_IDC:XAUUSD
by TradingShot
8
WTI OIL Buy SignalPattern: Ascending Channel on 4H. Signal: Buy as the price just hit again the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence). MACD repeating the Nov 16-22 consolidation pattern. Target: 48.00 (just below the 0.382 Fib 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 ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
3
NATURAL GAS Hit the 4 month Support. Conditions for a rebound.NG almost made contact with the 2.440 level today, which has been the major Support since August 21. So far we have 3 perfect touches on the Support, which alone creates the conditions for a strong rebound. A closer look on the 1D time-frame shows that this pattern resembles the March - June 2020 sequence, when NG also made 3 hits on the Monthly Support. As with now, the price was also coming at that time from a 1D MA50 rejection (turned into a Resistance after previously being a Support). Once the 1D MA50 broke and after a final pull-back, the very aggressive rally of August - October took place. The RSI patterns are also similar. I am carefully buying now and after the MA50 breaks, I will add on the next available pull-back the remaining of my position. The long-term target is 3.400. P.S. It is always helpful to keep a longer-term perspective, having in mind NG's multi-year Cycles within the Channel Down, as shown below: ** 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 ==> TradingView --------------------------------------------------------------------------------------------------------
NLong
by TradingShot
1
XAUUUSD Why testing the 4H MA50 as Support is important!This is a quick update on Gold. The price broke above the 4H MA50 with relative ease and this bullish leg (since November 30) resembles the sequence of October 29 - November 09. That wave, after a pull back to its 0.5 Fibonacci retracement level and the 4H MA50, it found Support and rebounded to the -0.786 Fibonacci extension. That extension is at 1905 but I believe we should first keep our eyes on the 4H MA200, which shows a projected contact just above 1860. Why the 4H MA200 is important? Because it last rejected the price on November 15 and excluding the November 04 - 09 rise, which was caused by the U.S. elections, every time since September 03 Gold touched or marginally broke the 4H MA200, it got rejected. As a sidenote, see why those sequences are similar even on the 1H time-frame with the formation of the Golden Cross: ** 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 ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
2
XAUUSD Still bullish but hit the 4H MA50. Short-term scenarios.Yesterday I posted a long-term projection on Gold, which had to do with the importance of holding the 1W MA50. And so far buyers have defended this long-term Support: Today's rise has been strong, indicating a powerful buying accumulation but that doesn't mean that shorter-term traders shouldn't be on their toes. The reason is that the price is about to hit the 4H MA50 (blue trend-line on your chart). That is a very important level as (as shown on the chart), it has been the Resistance since the November 09 "Pfizer fall". In fact it had rejected the price multiple times from November 13 to 23. There are strong indications that this time the 4H MA50 can break, as the RSI has broken above both Resistances (its Lower Highs and its Resistance) and the MACD is on the strongest rise in the past 2 months. So if the 4H MA50 breaks, traders still need to keep a low short-term target as the 4H pattern could be a Channel Down (see how harmonically the middle of the Channel divides the trading zones). And that Channel has a potential Lower High around $1855. After that we need to wait and see how the price will react near the 4H MA200 (orange trend-line), which if broken basically starts the 2nd (and more aggressive) Bull Phase on a 1D time-frame. ** 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 ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
5
GOLD Will the 1W MA50 hold? Is so we may see $2200 by early 2021This is Gold on the very accurate (used it successfully on Bitcoin) +0.786 interval Fibonacci Channel, a tool which excels at catching parabolic price movements on various assets. I have introduced this pattern on my last Gold analysis. As you see 1.786 and 3.786 have remarkably caught the 2 out of th 3 highs so far. Maybe this is the best buy opportunity for another 3.786 Fib test or even a new High on the 4.786 Fib if we continue rising parabolically! I say maybe because Gold's biggest bet right now is holding the 1W MA50 (blue trend-line). As you see, this is a 2 year supporting trend-line. It has worked as a rebound level (buy accumulation point) since December 2018, which was when Gold broke out of its previous long-term bearish (7 year) trend and into the current (2 year) bullish trend. It goes without saying that fundamentals such as the U.S./ Chine trade wars and the COVID stimulus rescue package have accelerated this move, but so far the technical chart shows us that the 1W MA50 is the strongest defense for long-term investors. Also see the RSI. Since May 2019 it is trading within a Channel Down and right now it has reached the bottom of this Channel. Technically the price should rebound towards the top of the Channel next. So like I mentioned above, a re-test of the 3.786 Fibonacci extension trend-line is very likely next. Every Higher High on this Fib Channel has come roughly either 190 days or 150 days after the previous. Assuming it takes again the longer path (28 weeks = 196 days), Gold may test the 3.786 Fib in February 2021! And that price projection shows roughly $2200! With current data this of course seems too high too soon but of course we have a lot of fundamentals to consider early in 2021 (new stimulus package, COVID progression etc). More than projecting the next High, the goal of this study is to display the importance for Gold of holding the 1W MA50. So do you think it will hold? 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 ==> TradingView -------------------------------------------------------------------------------------------------------- ** As BONUS MATERIAL , consider the parabolic move getting even more aggressive into a new Fibonacci Channel as shown below!
FX_IDC:XAUUSDLong
by TradingShot
8
GOLD hit the 1DMA200! Why we should start opening long positionsGold did it again and broke an important Support in 1,845. That led to the price making contact with the 1D MA200 (orange trend-line on the left chart) for the first time since the March COVID global asset meltdown, when the stimulus rescue packages since the event led it to news All Time Highs. That (March) was the only time the 1D MA200 broke (marginally as in 1 week it recovered) since Gold recovered the long-term trend-line back in December 2018. The right chart shows Gold on the 1W time-frame. The purpose of this is to show how the 1W MA50 (blue trend-line) has been supporting this uptrend since December 2018 and got only touched once (March 2020). That is now at 1,755, a good benchmark up to which I believe is a good opportunity to start building up long-term buys. The RSI has touched its Lower Highs supporting line. I have also applied the very accurate (been using it successfully on Bitcoin and other assets that are rising parabolically) +0.786 interval Fibonacci Channel. As you see 1.786 and 3.786 have remarkably caught the 2 out of th 3 highs so far. Maybe this is the best buy opportunity for another 3.786 Fib test or even a new High on the 4.786 Fib if we continue rising parabolically! Do you agree that long-term traders/ investors should treat this as a buy opportunity? ** 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 ==> johnmcal3 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
9
WTI OIL Trading PlanPattern: Channel Up on 4H. Signal: (A) Buy as long as the 4H MA50 is supporting, (B) Sell if it breaks. Target: (A) 43.40 (September 01 High), (B) 40.20 (just above the 4H MA200). ** 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 ==> johnmcal3 --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
2
XAUUSD Buy SignalPattern: Double Bottom on 4H. Signal: Buy as the price crossed above the 4H MA50 for the first time since November 09, while the MACD made a Bullish Cross. Target: 1895 (4H MA200) on the short-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 ==> johnmcal3 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
4
XAGUSD (SILVER) Trading planPattern: Channel Up on 4H. Signal: Buy either after the 25.070 Resistance breaks or near the 23.160 Support. Target: 26.000 (inner Higher Highs 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 ==> TradingView --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSD
by TradingShot
2
GOLD Buy SignalPattern: Double Bottom on 4H. Signal: Buy as the price is posting a similar Double Bottom as the late September sequence. The MACD is about to make a Bullish Cross. Target: 1915 (below the 0.618 Fibonacci) and 1930 (below the 0.786 Fibonacci). ** 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 ==> seba26-77 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
3
OIL made 2 month highs! What is the ceiling for the market?WTI Oil broke above the 2 month Resistance zone of 41.50 - 41.90 and is fast approaching the 43.80 High of August 26 (chart on the left). Needless to say, it broke above the bearish channel and reached the 43.00 Target as I discussed two days ago on the idea below: How far can this go for the short-term? As the left chart shows (4H time-frame), the MACD hasn't yet rolled over (as it did on September 20), so the uptrend can extend a little further on the short-term before buyers book profits and cause a minor pull-back. On the long-term though we have to look at the 1D time-frame (right chart), which shows an interesting development. The sequence since the November 02 low, is similar to the one following the late April bottom. The MACD pattenrs are identical. I don't need to remind you that it was the rescue package along with OPEC's production cuts that supported this insane recovery rally back then. This week we had the very encouraging vaccine news. Can Oil start a similar rally based on such positive news? Is $47 again a realistic number? 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 ==> seba26-77 --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
2
GOLD The 2 year pattern shows a buy opportunityGold is having the worst day since August 11 as the vaccine news are making capital that was 'parked' on the safe haven of Gold during this pandemic, flee to riskier assets (stocks). We have almost reached the late September Support. A very interesting 2 year pattern shows however that this behavior isn't that odd, as every Channel Down on the 1D time-frame since February 2019, held the Support that was made when then MACD had already rolled over, and then initiated a very aggressive rally. With the one exception of course of the early March 2020 global asset melt-down due to COVID. If we are not on a similar event, then the September Support should hold. Otherwise buyers can get one last buy opportunity on the 1D MA200 (orange trend-line). What do you think it's going to be? Most recent trade on GOLD: ** 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 ==> TradingSafely --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
8
WTI OIL high chances to break its bearish channelPattern: Channel Down on 4H. Signal: Buy if the Lower Highs trend-line of the Channel Down breaks (practically if the 0.786 Fib breaks), as this time the price broke the 4H MA200 (as opposed to September 18) while the MACD is on a Bullish Cross. Target: 43.00 (the 0.918 Fib, last Resistance before a full recovery). Most recent WTI OIL 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 ==> TradingSafely --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
Will MCX Crude Palm Oil touch the 900?Currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25) , and +DI is above the -DI . Let's have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 - 920 - 960+ . Right now, the trend is crossing the parallel channel. If it is excess, then Crude Palm Oil will start to fall to the following targets 836 - 810 . It can be said by following the parallel channel.
C
by freestocktips