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Metal

Gold projection for a serious correction!Precious metals have been on a serious run, but it's time for a cool off heading into winter. I called this massive run over 2 and a half years ago on silver (linked to the post). But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals. Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see. Let me know what you think and how you're approaching the precious metals.
TVC:GOLDShort
by SkyTrees
Palladium is the new Gold... Thank me later!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌What is Palladium used for? Palladium is used in catalytic converters for automobiles, in fuel cells to generate power, in jewelry, dental fillings, and electronic components. Catalytic converters convert the toxic gases from automobiles into less harmful substances. 📌How Rare is Palladium? Palladium is one of the rarest metals on earth and even more scarce than platinum – 15 times more rare to be precise. If all the platinum in the world fits in your house, then every ounce of palladium can easily squeeze inside your living room. 📌Technical Analysis: This week, Palladium rejected the $1000 round number and support zone and broke the Daily structure marked in red. As long as the bulls hold, I expect a bullish continuation towards the $1700. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:PALLADIUMLong
by TheSignalyst
11
GOLD - History Repeating Itself...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔I find the Gold 4H chart interesting. Do you see a pattern here? Look at the first two purple projections. Gold broke below a low (marked in red), which signaled the start of a correction. The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase. Currently, Gold seems to be pausing, which might indicate the start of another correction phase. 🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,625, followed by a break back above it. This projection could lead to the upper bound of the blue channel, around $2,800. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
6
Gold will Shine again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈After breaking above the $2,500 mark, Gold has been bullish trading within the rising red channel. Currently, Gold is in a correction phase. Moreover, the $2,475 - $2,500 is a strong support zone. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as non-horizontal support. 📚 As per my trading style: As #Gold approaches the red circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
2
Gold Is Coming Out Of An Elliott Wave TriangleOn a higher degree time frame, we see gold coming higher into a fifth wave, but it may take some time before it finds the top, as we see an unfinished lower degree impulse. Gold remains in strong and impulsive five-wave bullish cycle on a daily chart and there's space for more upside, we will just have to be aware of a higher degree wave IV correction still this year, possibly in Q4. Why? Because we see a move out of a triangle here in fifth wave of III, so we know thats the final trust within higher degree extensions, meaning there can be limited upside in weeks ahead, ideally around 2600-2700 area.
SAXO:XAUUSD
by ew-forecast
COPPER - Following Gold?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 COPPER has been overall bullish, trading inside the rising wedge pattern in blue. At present, COPPER is undergoing a correction phase and it is hovering around the lower bound of the wedge. Moreover, it is retesting a massive support zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #COPPER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CAPITALCOM:COPPERLong
by TheSignalyst
1
GOLD → be aware doesn't trick us!hello guys! the price is hunted the last area is around $2337, this seems like a hunt, not like an engulfing! current state: 1- it formed a QM pattern and touched the target of the pattern! 2- the Qm pattern looks like H&S too! 3- at the upper time frame the main trend still is bearish and the descending channel has not broken yet! forecast: 1- the price will touch the upper line. 2- afterward, it will start the downward movement. ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
9
Gold Keeps Consolidating Within A Higher Degree CorrectionGold has turned lower in the last two months, which has been expected as we saw market in fifth wave of an extended wave 3 after breaking to new ATH. Well, what we see now is a corrective pause which can come to an end in the near future, but possibly at lower support levels as the current price action here above 2300 can be a triangle in the middle of a three wave downward correction. We see nice support at 2222-2250 area. But, don't miss the alternate count, where wave 4 can be even a running triangle if price turns up now and breaks 2370 level. Bullish confirmation is above 2390 region.
FOREXCOM:XAUUSDLong
by ew-forecast
Will gold go for a bit of a larger correction?Looking at the technical picture of EASYMARKETS:XAUUSD , it seems that we might see some action to the downside. That said, before getting comfortable with that idea, some breakouts are still needed. For now we wait for the TVC:DXY reaction from the US GDP and PCE today and tomorrow respectively. #gold TVC:GOLD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:XAUUSD
by easyMarkets
1
When you go to buy, don't show your Silver!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAGUSD has been overall bullish, trading within the rising wedge in blue. Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting the previous major high marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green previous high and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #SILVER approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAGUSD
by TheSignalyst
Silver climbs back above the 30-dollar markLet's see if EASYMARKETS:XAGUSD can break the downside line and go further north. The first part of moving back above the 30-dollar mark is done, now we just have to overcome the downside line. #silver TVC:SILVER Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:XAGUSD
by easyMarkets
Gold - Getting Ready for the Next Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAUUSD has been overall bullish, trading within the flat rising channel in blue. Currently, XAUUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #Gold approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
2
HINDALCO: METAL TO METTLE?Hey There, Welcome Back. We are not big fans of industries that are on the commodity (Raw Material) side of the value chain, But for those who don't mind, Here is everything you should know about Hindalco. - A support trendline has been pushing the price up - An ascending triangle was formed with the recent 6M consolidation - A breakout candle broke both the AT Range and crucial resistance zone - The breakout came in as a Bullish engulfing that adds to the positives - Overall for the last 15 months, the price has been sideways - If you draw a resistance line from top, We saw a breakout of that too. Not the most reliable trendline, but it still adds to the analysis - Price is nicely above 200EMA - Previously the price failed to sustain the 500 mark. What will it do this time? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HINDALCOLong
by TheChartereds
Nifty Metal: An overviewThis is a quick one. The chart should tell you everything there is to know. We will keep updating the comments below as the price action unfolds. Have Requests, Questions, or Suggestions? Let us know in the comments below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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by TheChartereds