Silver possible long for 23.90price in range between 22.24-25.20 since last 8 months. Double top formation round about 22.25 area. Demand zone for long 22.85-65, stop loss 22.55, target: 23.90.
Metalssignals
XAU Entries + Exits! (REVERSE IS GUARENTEED IF PLAYED CORRECTLY)The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
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SILVER - SUCCESSFUL TAKE OFF!The pressure accumulated in recent months seems to have propelled silver to the skies today. it quickly reached the previous resistance, and seems to overcome it relatively easily. After a few days of vacation, the bulls returned in force.
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:
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XAG USD - Broke the Triangle!Hello Fam!
Short
Reasons:
Broke the symmetrical triangle to downward
Good luck to you!
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Idea is not the financial advice!
XAUUSD Sell SignalPattern: Channel Down on 1H.
Signal: Sell as the MACD is repeating a previously bearish formation that is associated with a Lower High within the pattern and subsequent drop to a Lower Low.
Target: 1790 (the Support level).
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XAUUSD How to trade the Triangle.Pattern: Triangle on 4H.
Signal: Bearish if it breaks downwards. Ideal entry just over the 4H MA50.
Target: 1,640 (short term Support) and 1,575 (medium term Support) in extension.
XAUUSD Buy SignalPattern: Channel Up on 4H.
Signal: Bullish as the price rebounded on the Higher Low trend line of the pattern while also finding Support on the 4H MA200.
Target: 1593.50 (right below the Resistance level).
Recent signals on Gold:
PLG up on heavy volumePLG jumping today with volume of selling minimal and large recent buying by hedge funds and private investors. Can only hope for repeat of 2014.
IMPUY AMEX:PLG OTC:IMPUY
XAUUSD Buy SignalPattern: 1D Channel Down.
Signal: Bullish as the price made a Lower Low and broke above the Channel's median.
Target: 1490 (just above the 1D MA50).
SILVER Buy Signal (lower)Pattern: 1D Bullish Channel supported on Higher Lows.
Signal: Bullish once the price breaks the 1D MA50 and reverses. This is a standard sequence on every Silver uptrend (see the chart below). The ideal long term Buy Zone is within 16.625 - 17.365.
Target: Initial target 19.500. Extension much higher, updates will follow.
Silver High Probable Bullish trade setupXAGUSD, professionals opened long and closed short positions. 4% long% increased by last week while 4% short% removed. usdindex on strong monthly support level so if usdindex takes corrections then may suspect bit fall in silver. any way bullish reversal in silver has been formed.
COPPER: Double Sell Signal on 4H and 1D.Pattern: 4H Rectangle.
Signal: Bearish (Double) on the 4H Resistance and 1D Resistance.
Target: 2.9000.
COPPER Sell SignalPattern: Inverse Head and Shoulders on 1D.
Signal: Bearish as the price was rejected on the 4H Resistance.
Target: 2.89100 (above the 4H Support).
NZD/JPY Bearish trade setupNZDJPY, NZD 1k short vs 4k long last week i.e long erased. in Jpy no change in this week. weakness in nzd may cause to move down for targets 74.00, 73.40 & 72.50
Copper High Probable Reversal Bearish Signalcopper, price making double top on copper in daily time frame. Non-commercials reduced long positions 6k in copper, long% decreased 2%, while short% increase 2%.
Gold Bullish Reversal TradeXAUUSD, gold testing historical strong support level 1277 low of january 2019.
