Gold price At Supportprice at trend line support can add some small amount for long with stop loss below support
Comodity
Gold Head And Shoulder Completed the Head and Shoulder and now looks good need a retest of this support and Good Volume for Breakout else another fake out or low swing than we can see Bullish move
Rising WedgeGold chart forming rising wedge with stochastic divergence i.e. loosing momentum? I'd like to go for short this week. Technical analysis only, perfect entry when it breaks down the wedge, watch out other fundamental news! good luck! The profit u gain or loss is not responsible to me.
Oil To The APEX, It Hit, Now What:Currently Oil is apexing and finding a resting spot over the consolidation zone below whilst hitting its head against resistance zone one (this is a zone of price and not a fixed price) I’ll leave the prior trendiness intact until weekly close as this market, although moved north, hasn’t given enough confidence. A push to R2 would show this. Oil has enough strength to go up from here and not bounce off support at the top of the consolidation rectangle depicted. I’ll check back in at weekly close.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 28.82
2nd Support Zone: 24.89
3rd Support Zone: 20.72
Resistance Levels:
1st Resistance Zone: 32.50
2nd Resistance Zone: 37.62
3rd Resistance Zone: 42.11
Price Level Consideration
ATH: 147.27
All Time High Half Way Point: 73.64
Prominent High: 65.53
Prominent Low: ZERO
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: 77.04
🐻 Bearish below: BEARISH at the moment
Monthly & Weekly Opens
Monthly Open:18.86
Weekly Open: 29.78
Gold price in Trianglegold price moving in triangle and trying to break above the triangle
always remember wait for trend to confirm and Retest is the key.
well i am bullish and ready to buy gold here small amount only
Buy retest of trend line
GOLD SHORTGold has reversed from bearish harmonic BAT PRZ.
Down side until 1508 - 1434 can be seen as long as trade below 1803
LONG THE GOLD !XAUUSD is having a really good momentum and impulse.
The 200sma is holding in the 4 hour chart.
Looking strong for another push up
Target +1700 usd (+6%)
sell oportunityopportunity to sell if the come back to the resistance zone and we see candlestick confirmation or sell pressure on that level
OIL Bear Trap on important Support LevelHello Traders,
Here is a quick and simple analyses on OIL, that made an Bear Trap on important Support level, and we consider traps the most important indication of price action for decision making in trading.
We belive the price has a chance to test the next important resistance level.
Please support this publication with your like. You are welcome to follow us on the Tradingview.
Best regard Sandro and Gustavo.
Gold to 1775Gold has been going sideways for 6 years and it recently broke through the trend. Normally I trade the 30 week moving average and you can see from this chart that it crossed the 30 week in November of 2018 and the pullbacks started bouncing on the 30 week moving average. Afterwards it broke trend at 1375 and had that recent rally up to around 1550. Gold is not the only commodity which is going up. You can see that bitcoin also had that huge move up from 3k to 14k recently. With the rise of the S&P 500 and the recent breakout in trend of the S&P 500 and the trend analysis of gold, I can say that the next move in commodities is going to be towards the upside. Now let me talk about short term a little bit.It's possible that there is a pullback to 1420(if it bounces on the 30 week MA), you can see that the RSI and the MACD are somewhat progressed, the RSI could just keep going up but it's not bottomed out by any means. In this scenario, buying the pullback would make sense.
LTCUSD Major Resistance Hello Traders,
New Thesis on LTCUSD,
Points to consider;
- Uptrend Broken
- Broke major support, now testing as resistance
- Stoch crossing bearish
- Volume climax on 4hr time frame
- EMA crossing bullish, insignificant with all bearish indicators
- RSI neutral on 4hr time frame
LTC needs to break this major resistance for it to continue its uptrend, this will allow it to put in a healthy lower high. However, going short is looking more probable as BTC market structure is bearish, Major ALTs tend to follow BTC, thus the target for LTC from current resistance is more likely to be the support zone at around $50.00.
What are your thoughts? Please leave a like and comment
and remember,
“Letting losses run is the most serious mistake made by most investors.” – William O’Neil
Gold: Resistance will become support because bullish breakeout.gold will retrace to the old resistance (new support) after the breakout of an ascending triangle.
XPTUSDafter mm15 x mm 60 crossup .
start call next day.(open hour)
close call 4 days later (close hour)
stop = mm60
XAUUSD ( $XAUUSD ) Giving 3 Options! #Forex #ForexTradingWith Gold hitting key Support and Resistance zones with the combination of a Flat Top Triangle, it gives us 3 options, A break of Resistance, a consolidation into the triangle or a push to the downside breaking the bottom of the trend-line.
WHEAT vs usd , Long Term perspective on the triangle : Up TrenDWHEAT vs usd , Long Term perspective on the triangle : Up TrenD
CORNusd CFd ; Long Term Perspective on the up Trend :Third EyeCORNusd CFd ; Long Term Perspective on the up Trend :Third Eye
XAUUSD BUYLooking at price climbing towards 1280 level before potentially reversing. i have had a really good week with gold so i am not looking to force any trade. As you can see trend lines are heavily respected and because of that this gives us an indication on where price can be heading.
lets see how the market plays out on this one. Friday is always a day where we see major reversals so lets see what happens and secure the bag together!
Every day is money day!
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Wheat May price expectations Price of wheat tends to go up in the month of May as it’s been the case for last 4 years, so I expect it to go up again this year.
PLATINUM Buy signalPlatinum / U.S. Dollar FX_IDC:XPTUSD
Pattern: Channel Up on 1D.
Signal: Bullish as long as 866 holds.
Target: 930.00 (the next Resistance on 1W).
* If 866 breaks be ready to short to 833.00.
OIL - Selling premium into high IVR-Short Strangle
-16 Delta
-35 DTE
-100% IVR
-$1000.00 Credit
This is a good high IVR premium selling opportunity. Due to oils sharp drop in price in a relatively short amount of time has caused implied volatlity to skyrocket. My straddle has some positive delta bias because I think a relief rally is due so if we get a pop in oil prices it gives my upside a little more breathing room. Although I don't believe a relief rally will amount to much other than a short rally before carving out new lows.
