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Commoditysignals

XAUUSD Trading PlanGold broke above the Channel Down and the 4H MA50 (blue trend-line) in the aftermath of the Fed Press Conference yesterday. This is a short-term buy signal towards the 1834.50 Resistance. On the other hand, if the price breaks below the 1,757.50 Support level, it's a strong sell signal towards the 1,720 August Support Zone. The Nonfarm Payrolls tomorrow should provide Gold's trend for the next 2-3 weeks so be alert. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
8
WTI OIL Bearish Reversal patternWTI Oil is on a typical Bearish Reversal pattern and the first signs of this were given last week as posted on my most recent analysis: Right now the price is on Lower Highs, similar to the July peak and reversal fractal. If a 4H MA50 (blue trend-line) / MA100 (green trend-line) Bearish Cross is formed, it will confirm the sell target of the 1D MA50 (red trend-line). That is currently around the 0.382 Fibonacci retracement level and even though the price may dip even lower, that is a solid short-term short target. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:USOILShort
by TradingShot
4
WTI OIL Reversal confirmed if daily closes below the 4H MA100Even though my firms thesis has been very bullish on WTI Oil long-term throughout the whole year, that doesn't stop me from spotting potential medium-term tops and technical corrections that only serve for sustaining the uptrend on the long-term. An example was my following idea on October 19: So far it appears that the price was indeed rejected on the Internal Higher Highs trend-line and is pulling-back on a potential technical correction towards at least the 1D MA50 (blue trend-line). However, further confirmation of this potential reversal can come if the price closes a day below the 4H MA100 (red trend-line). What's the importance of the 4H MA100? Well for the whole year, this has been the short-term support during WTI uptrends and every time a session closed below it, then the 1D MA50 was hit a few days later. Important notice: Such a confirmation was also given by another indicator, the RSI, last time for the formation of the peak on the Fib 2.0 (as seen I've plotted the long-term uptrend on the Fibonacci Channel). The RSI made a Triple Top on the exact same Resistance that gave the July 06 peak on Fib 1.5. Keep an eye on such confirmations, they come quite useful when determining reversals that are hard to see coming when the price is on a trend. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:USOILShort
by TradingShot
2
XAUUSD aiming at the 1820 - 1830 zone.This is an update to my October 19 idea and the buy signal that the break below the 4H MA50 (blue trend-line) gave: It turned out that the signal was accurate and the 4H Golden Cross was formed. The whole idea was based on the fact that the October Bullish Megaphone pattern was repeating the August Bullish Megaphone. So far the two have printed the exact same formations and right now we are at the phase where while the 4H MA50 is still supporting (closings above it), there is one more Higher High left towards the 1834.50 Resistance. My first target (1810) has been hit, 1820 is the next one. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
3
XAUUSD Close to a Golden Cross. Next Targets: 1810, 1820Pattern: Bullish Megaphone on 4H. Signal: Buy as the price rebounded after breaking just below the 4H MA50 (blue trend-line), in similar way as the August - September Bullish Megaphone. We are now on the second red arrow leg. Target: 1810 and 1820 in extension (symmetrical levels from Aug-Sep). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
9
XAUUSD Inverse Head and Shoulders. Buy Signal.Pattern: Inverse Head and Shoulders on 4H. Signal: Buy as the pattern alone is a bullish reversal formation, while the 4H MA50 (blue trend-line) is holding as Support. Target: The 4H MA200 (short-term) and the 1834.50 Resistance (long-term) as the technical target on Inverse Head and Shoulders is the same length as the Head from the Resistance. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
9
XAGUSD hit the 1W MA100. Best long-term buy for $40.Silver (XAGUSD) is posting a bullish reaction (rebound) after marginally breaking below the 1W MA100 (green trend-line) last week. During the metal's previous multi-year Bull Cycle and more specifically its parabolic rise (2003 - 2011), all three times that the price hit the 1W MA100 (excluding of course the outside catalys of the 2008 subrime mortgage crisis that caused a sharp market crash), it rebounded and rose to at least the 2.0 Fibonacci extension. The LMACD sequences of today and those preceeding the 1W MA100 hits of the past, are also fairly similar. If last week was the bottom then, the 2.0 Fibonacci extension is currently a little over $40. We consider this the most optimal long-term buy opportunity. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
3
WTI OIL turning Parabolic Towards $82.50.Since WTI Oil broke the former two Resistance levels (74.15 and 77.00), the price turned parabolic outside the Channel Up that dominated most of the price action in September. There seems to be a Buy/ Support Zone consisting of the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) and a Resistance Zone on the RSI Higher Highs trend-line. Technically those two pressure levels should provide the next dip buy and target. I've applied the Fibonacci Channel to assist in finding the target and as you see every Fib extension prices a Higher High (1.0, 1.5, 2.0). Naturally the 2.5 Fib extension is next, I project a Higher High around $82.50. ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
TVC:USOILLong
by TradingShot
5
XAUUSD Consolidating on the 4H MA50As per the last XAUUSD idea, the price broke above the 4H MA50 (blue trend-line) giving a strong buy break-out signal: Right now the price is consolidating with the 4H MA50 in support, much like the July and August fractals (circles). Naturally the next target remains the 4H MA200 (orange trend-line) around 1780 and thenthe 2.0 Fibonacci extensionat at 1800. ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
7
XAGUSD hit the 1 year Rectangle Support. Buy signal long-term.Silver hit yesterday the 21.664 Support level of the 1 year Rectangle pattern it has been trading in since August 2020. Even though the price marginally broke it, if the 1W (weekly) candle closes above the Support, then the long-term Rectangle pattern remains valid. The 1D MACD shows we may be in a similar situation as with the November 30 2020 bottom. If so, then we can expect a rebound back towards the 1D MA50 (blue trend-line). A weekly close above the 1D MA50 would be a new signal for a bullish extension and I will resume buying targeting just below the 0.786 Fibonacci retracement level at 27.800. ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
1
XAUUSD targeting $1800The price is now testing the 4H MA50 (blue trend-line) for the first time in a week. As mentioned on my most recent post, a 1D candle closing above 1747, would mean the start of a rebound. As you see the current fractal is trading on an identical pattern with the June 18-30 sequence. The diverging RSI (being on Higher Lows while the price was on Lower Lows) eventually made a bottom and once the price broke above the 4H MA50, it rebounded aggressively to the 2.0 Fibonacci extension. On the current fractal that is exactly at $1800, which is my target 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
1
WTI OIL Buy levels the MA50/200. Potential $90 move if 77 breaksOn my most recent WTI Oil idea two weeks ago, I highlighted the importance of the Inverse Head and Shoulders (IH&S) pattern that emerged on the 1D time-frame and why the 1D MA50 (blue trend-line) was the 1st buy candidate of the current bullish leg: As you see the 1D MA50 worked perfectly as a buy entry and the upper Resistance targets have been hit. However since the price was rejected just below the 77.00 Resistance, it is possible to see another 1D MA50 test, which again will be our first buy entry. Second and final will be the 1D MA200 (orange trend-line) if the Pivot Zone fails to support. If however we close a 1D candle above the 77.00 Resistance then it will be a bullish break-out of the Inverse Head and Shoulders, in a similar way as the previous IH&S that broke upwards on May 28 2021. The break-out extended as high as the 2.0 Fibonacci extension. If the same sequence is followed, then the 2.0 is currently at 92.24. In that case our long-term target will be $90. ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
1
XAUUSD Falling Wedge within a Channel DownGold has been trading within a Channel Down since the September 03 High but lately a bullish pattern has emerged, a Falling Wedge. This is typically a bullish reversal pattern as then it's completed, the price starts to rise. The most recent Falling Wedge patterns were in mid July and late June. Both delivered a rally upon completion but currently XAUUSD resembles more the June pattern both in price terms (4H MA50 as Resistance, around -6% drop from the top) and 4H RSI (it has been on a bullish divergence as when the Falling Wedge was on Lower Lows, the RSI was on Higher Highs). Our thesis is that if the market closes one 1D candle above 1,747 (i.e. above the Falling Wedge), then the break-out of the pattern is confirmed and can target the 2.0 Fibonacci extension, which is currently at 1795. On a different occasion (failure to 1D close above 1747), the pattern should break to the downside targeting the 1680 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
2
URANIUM is filling the gaps on a long-term bullish trendThis is an update to my April 2021 idea on the Uranium ETF: As you see, the price rallied following March's Golden Cross on the 1W chart and so far the 1W MA50 (blue trend-line) has been holding as Support (which was my biggest concern back then), offering a great dip buy opportunity on August 16. What's even more interesting is that the asset has been filling gap after gap on the Lower Highs of last decade's bear trend. The next one is at 39.00. Be ready to take advantage of the next 1W MA50 dip. ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
AMEX:URALong
by TradingShot
1
PLATINUM may be on the verge of a strong year-end rally!XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally. However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it since May 18 2021 with the rejections on it being brutal every time. In 2020 once it closed above it, the price soon started a strong rally. Notice how the RSI is on Higher Lows now in similar fashion as in 2020. ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
4
PALLADIUM Best long-term buy opportunity.Palladium (XPDUSD) has been trading within a Fibonacci Channel and is turning into one of the best long-term investments as the price is approaching the MA200 (orange trend-line) on the 1W time-frame. This level has been in support ever since XPD broke parabolically to the upside (January 2017). At the same time, it happens to be resting exactly at the bottom of the Channel (Fib 0). Another indicator in support of a rebound is the CCI which is the nearest it's been to the June 2015 Support level. As you see on this long-term chart, the potential growth of Palladium is immense as a break above the May High can trigger a parabolic rally towards the 3.0 Fibonacci extension (that happened with Fib 1.0 to Fib 2.0 in 2020. We are adding Palladium to our long-term portfolio. ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XPDUSDLong
by TradingShot
4
WTI OIL Inverse Head and ShouldersLast time I made a post on WTI Oil the price was still struggling to get past both a very strong Lower Highs trend-line and the 1D MA50 (blue trend-line on the left chart): Well the price managed to break and close above both and rallied. The rejection though near the 74.15 Resistance has formed an Inverse Head and Shoulders (IH&S). Look how the Pivot Zone mentioned on the previous analysis is almost perfectly matched as the Shoulder line. Naturally, we should be expecting an initial pull-back and since the IH&S is a bullish reversal pattern, break above the 74.15 afterwards. However we need to consider an earlier potential Support and that's the 1D MA50 which, as mentioned, was previously the Resistance since August 03. That fits well the pattern on the right side (which is on the 4H time-frame) which is a Channel Up whose Higher Lows trend-line limit is currently roughly where the 1D MA50 is. Short-term target if the Pivot Zone holds is the 74.15 Resistance (1). Long-term target is the 77.00 Resistance (2). A candle close below the Pivot Zone temporarily sets this back to the 1D MA200 (orange trend-line on the left chart). ** 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 ==> Vergnes --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
7
COPPER best time to buy now. 2 year rally ahead.This is COPPER on the 1W time-frame. I've made this idea to show to long-term investors why the metal is currently on the most optimal buy levels ahead of a two-year rally. As you see, the price has been rising since the August pull-back. Not only is it posting a recovery but the August low happened almost on the 1W MA50 (blue trend-line), which has been the markets major Support since the June 2020 bullish break-out. The pattern bears strong resemblance with the 2004 fractal. As you see both Cycles made a Double Bottom, which initiated the rally, a 1W Golden Cross was formed along the way and when the price hit the Resistance of the previous Cycle High, it made the first substantial correction/ pull-back. In both cases, the 1W MA50 held and then a 1 year Channel Up followed supported by the 1W MA50, which eventually paved the way for the final parabolic rally. The RSI sequences are also quite similar. It is obvious the Copper is replicating the previous Bull Cycle and since the 1W MA50 held so emphatically, it is most likely the most optimal level to buy on the long-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 ==> Vergnes --------------------------------------------------------------------------------------------------------
COMEX:HG1!Long
by TradingShot
6
WTI OIL analysis on the 1D and 4H time-framesLast time I analyzed WTI Oil on August 24, I made it clear that it was trading within a long-term Triangle and until it broke, its price action would be sideways: I stressed out the importance of the 1D MA50 (blue trend-line) and the Lower Highs trend-line of that Triangle. Well as you see on the chart, WTI Oil got rejected exactly on that Resistance level twice and has been pulling-back since. Until the price closes a 1D candle above the 1D MA50, the bias are towards the Pivot Zone. A 1D closing below it, sees the 1D MA200 (orange trend-line) as target, which last time held (August 20-23). That is on the left chart which is on the 1D time-frame. On the 4H time-frame (right chart), a Channel Up has been formed, which naturally is limited by the Lower Highs trend-line (and 1D MA50) of the Triangle. The previous 4H candle, even though it broke below the Channel Up, it managed to close inside it, so as long as we close within the pattern, the short-term target is 71.50. On the long-term, as shown on the 1D chart, it is the 74.15 Resistance. ** 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 ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
XAUUSD Buy SignalPattern: Channel Up on 4H. Signal: Buy as the price hit the bottom of the Channel Up and is close to the 4H MA200 (orange trend-line) which is a strong Support. Target: 1845 (Higher High of the Channel Up and the 1.382 Fibonacci extension. All previous 3 Higher Highs have been around the 1.5 Fib extension). Most recent XAUUSD 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 ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
2
XAUUSD broke above the 1W MA50 for the 1st time since June!My most recent Gold signal was on the short-term time-frame of 4H: This time we have a significant technical development on long-term and I've moved us to the 1W time-frame where XAUUSD just broke above the 1W MA50 (blue trend-line) for the first time since the June 14 weekly candle. Closing the week above this level should be enough to restore the bullish sentiment on the long-term as the 1W MA50 acted as a Resistance on four straight weekly candles in July and August. Naturally if the price makes that weekly closing, the target should be the 1,915 High of May, which just below the 0.618 Fibonacci retracement level. As you see those levels have been acting quite accurately as Resistance/ Support levels since the August 2020 market top. Note: The 1W MACD made a Bullish Cross. Last time that happened (April 26 candle), a very strong rally followed. ** 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 ==> v184 --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
2
XAUUSD Golden Cross formed on 4HPattern: Channel Up on 4H. Signal: Buy as the price rebounded near the 4H MA50 (blue trend-line) and even though there is still room within the Channel for one last low, the 4H Golden Cross that was formed may bring higher prices without it. Target: 1829 (just below the 1.236 Fibonacci retracement level and the 1832 - 1834 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 ==> vychod --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
3
WTI OIL had the biggest weekly rise since May 31 2020!WTI Crude Oil posted last week the strongest 1W candle (+10.30%) since May 31 2020 (+11.44%). What can this possibly mean for future prices? Alone nothing. But as you see, last week's bounce came after a 1W RSI touch on the 43.50 Support which has been holding since May 2020 as well. That makes the bullish case stronger but based on the September - October 2020 fractal (right before the U.S. elections) we may see one last pull-back before a new rally. As seen on the chart, that pull-back may find Support on the 1W MA50 (blue trend-line). As long as this holds, the trend will remain bullish, so for a swing trader, the best course of action would be to scale with a buy now and if the price pulls back, add another closer to the 1W MA50. ** 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 ==> vychod --------------------------------------------------------------------------------------------------------
TVC:USOIL
by TradingShot
1