SILVER (XAGUSD) Key Levels
a lot of questions about silver!
currently, I don't have any active positions.
I have alerts placed on key levels, I will look at the reaction of the market to the underlined levels on the lower timeframe.
here are the key levels:
16.7 is our current strong support
17.55 is our current resistance (due to a strong bullish rally it can just easily be broken, so don't jump in aggressively)
18.55 is resistance 2
19.55 is resistance 3
trade key levels only with a confirmation.
let me know if you want to see more structure analysis!
Metals
GOLD (XAUUSD) Key HISTORICAL Level AHEAD!
hey guys,
bullish rally continues on gold.
the next goal for buyers is 1775 - 1802 resistance area.
it is a historical structure zone based on 2012's market highs and 2011's key resistance.
be prepared for a pullback based on the underlined structure.
also, remember that if you missed this bullish movement,
it is too risky and too late to jump in.
be patient and wait for a pullback for a safe entry.
good luck!
High time frame review and how to use the Strategy TesterHi All
Here we demonstrate the effectiveness again of the H4 timeframe - and also the Daily TF.
We also explain the 'Strategy Tester' Function - something that we are now working on for V3 based on ATR settings for SL and TP targets.
Regards
Darren
Forex Weekly Forecast 18th-22nd May 2020 (FX Pairs and Gold)Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
Take a look on my Weekly Forecast and How I planned my added watchlist for the week ahead! Feel free to drop in your comments right down below and share this with your friends! But still Sketch up your own trade setup before you take off. Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Gold Silver5.15.20 Gold Silver this is not just about gold and silver, it is about your priorities as a traitor, and whether you are predominantly a pattern traitor or a price action traitor. You can be a little bit of both, but you still need to know your priorities for making an actual trade decision. When I do these videos I know that I seen to be talking all over the place, and part of the reason for this is that many traders will be predominantly pattern traders, and other traders will be dominantly price action. My trade entry is triggered by price action... the way I look at price action. Most of my charting shows structure and line patterns, and then I look through that to analyze the price action. It is very important to understand the type of trader you are and recognize that you can have everything... and once you have that understanding and acceptance, it makes trading much easier. I am perfectly fine if a market doesn't meet my criteria even though I believe it's going to move in a certain direction... and yet I don't like that trade because of the price action, or the risk, or the profit potential. The difference with this kind of thinking is that the market is giving mixed signals for my way of thinking... but I'm not confused, I'm simply not convinced that I should risk capital... and that is much different from feeling the pressure to take a trade when there is no clear clarity for me... and then decide whether or not I'm going to make a a decision between an impulse trade for fear of missing opportunity, or making a decision to not trade wondering if I will suffer from remorse because I lacked conviction for reasons that weren't entirely clear for me.
XAUUSD - M Dears,
I know most of the traders think about this chart it is a new chart, but as you can see with the attached chart you can see the old one it was 21 July 2019.
and we have mentioned the gold from that date it is bullish, and it will not be bearish till touching the resistant, and that time we want to get the confirmation of the bearish with price action.
Note: we believe the coronaviruses will start to begin to weaken, and all the markets, economies, and life will working and life gradually returns to normal.
take care and be in save.
gold dxy5.12.20 This video is the sequel to the previous video. In addition, I showed two ways to frame range boxes on the gold contract. I decided to give a closer look at the bear trap on the DXY and as I did this, I realized I had to look at a couple of time frames in order to add clarity. This was a bear trap on smaller time frame, but it is a retest of a breakout higher. It is what it is on different time frames, but it has value to do this in my opinion. As I was listening to the video before uploading, I took note of how bullish the whole pattern looks on the DXY on the daily chart... to the point that it looks likely that the price will move higher to an ABCD pattern... even though I am not a breakout buyer, and the market is still in arrange box which is the dominant behavior. If you don't understand this, I will come back and review it once we get a chance to see how the dollar plays out. The reason I bring this up is because of my conviction that higher time frames result in much more accurate assessment of the bullish or bearish nature of price action.
XAUUSD ; still bullish in Triangle despite the downside pressure in today's daily session, Gold still keeps it's strong position in the Triangle pattern.
Pay attention to 60-Min chart; a triple bottom in the trend-line upwards can be observed.
A breakout above 1720 - 1725 should indicate a new bullish trend here and likewise, a breakdown below 1690 - 1685 is expected to indicate further consolidation.
Negative Divergence in #PHLX indicates a potential reversal- Either #gold or the #spy or both are subject to a bearish attack soon, as there is a weakening #PHLX
- there is a clear divergence in MACD
- current levels shall be watched very close ; once the prices return back from here, a sharp decline is possible to expect.