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Safehaven

Bonds Consolidate, Breakout Soon??Bonds have consolidated as we have expected. We are seeing strong support at 130'19, and appear to be forming a flag pattern bounded by 130'07, and 131'02. The Kovach OBV is trending up slightly, suggesting a small bull bias. From here it could go either way. The Fed is discussing tightening, which would be bearish for bonds, but persistent risk off sentiment due to the Omicron strain could give ZN a lift, though it appears this may be priced in by now. We will see continued support from the upper and lower bounds of the range. Volatility has consolidated quite a bit so we expect a breakout either way potentially soon.
CBOT:ZN1!
by quantguy
1
Technical Outlook for GoldGold has dipped further, breaking 1777 and testing 1770. This is the exact level we identified yesterday. We noted that below this, there is a vacuum zone to 1759, but several green triangles on the KRI are suggesting we are finding support. From here, we could stabilize in the 1780's, as there are several resistance levels that we have been testing for the past few days. 1795 seems to be a max upper bound for now. The Kovach OBV is still very bearish, but is starting to look over sold, suggesting we could see a bounce back to the value area between 1777 and 1795. Again, watch that vacuum zone to 1759 if things turn south.
COMEX:GC1!
by quantguy
1
Gold Long EntryGold: After dropping down to the $1781 area yesterday evening, Gold managed to climb towards $1798 before consolidating. The RSI levels on the daily chart remain oversold, currently at the 8.32 levels. On the 1hr time frames the recent candles that have emerged show to have decent buying pressure. It looks like the price will move up from here at test the $1800-03 zone this week. Not only do the technical support this analysis but the growing concerns over the “Omicron” variant might persuade investors to move into the safe-haven gold, pushing price up.
OANDA:XAUUSDLong
by Orion-Markets
2
GOLD - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. XAUUSD is overall bullish and currently sitting around a support zone so we will be looking for buy setups on lower timeframes. on H4: XAUUSD formed an inverse head and shoulders (H1) but it is not ready to go yet. Before we buy, we want the bulls to take over by breaking above the last high. Trigger => Waiting for a momentum candle close above the gray neckline to buy. Meanwhile, until the buy is activated, GOLD would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
16
GOLD - Our Safe Haven!GOLD traded downward aggressively last week. NOW WHAT? GOLD is overall bullish trading inside our brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendline. The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support (1.8k zone) and the lower brown trendline. As per my trading style : I will be looking for possible bullish reversal setups (like a double bottom, trendline break, and so on...) Unless the brown trendline is broken downward aggressively, then the momentum would be shifted from bullish to bearish. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
14
Searching for safe haven - SHORT on breakoutEURJPY might be on the descent and it has just reacted to long-term support. However, it also broke 200 EMA (Black Line) and is trading below rejecting it once. Suffice to say, that we are from my point of view, in the decision area right now. Although high commodity prices, oil, in particular, are as bad for Japan as they are for Europe, Yen is still acting as a safe haven currency. This is likely behind a somewhat sharp move towards the support (orange). If I am right and the markets are concerned about the energy crisis in the making and extended inflation in the commodities, Yen will be among the "safe haven" currencies investors may choose to pick. Why trade it again in EUR? I like the support. If obvious levels like these get broken, moves are more likely to continue. I would consider trading it against AUD or CAD, but their charts do not paint as clear a level like this. My safe haven theory is further supported by growing prices in Gold, but it is contradicted by growth in Euronext 100 (N100) which is not exactly a safe asset if Europe gets in trouble. I would like to see a reversal candle in Euronext too before or along with the breakout in EURJPY. What do you think? Am I approaching relational analysis right?
Short
by OrcChieftain
Bonds Establish ValueBonds have dipped but have found support at the levels we identified yesterday. ZN retraced from relative highs at 131'02 to 130'19. It has since rebounded and is currently testing 130'26. The Kovach OBV was quite strong, but has dipped with the retracement. We appear to be forming value between 130'19 and 131'02. If this is the case, then expect further support at 130'19 and resistance at 131'02. Beware of the vacuum zone below to 130'07. The next target above is 131'12.
CBOT:ZN1!Long
by quantguy
1
PALL resurgence medium termLooks like PALL is repeating a previous pattern. Very cyclic and resolves well with Williams Vix Fix. I see a local bottom that was supported with strong resistance from Aug 2021 to current. If growth is continued as anticipated, this commodity will rebound. If safe havens are sought, this commodity will also grow. Solid indicator data fitting PALL for a 20%+ gain in the next 2-3 months. Short term - I think the buy is in the 170-175 range within the next week or two. For ease of interp - lime green indicates local bottom. Just my thoughts.
AMEX:PALLLong
by Elkinthewoods1
CHFJPY - Getting Ready For A Massive Drop!We've been keeping an eye on CHFJPY for quite sometime now as price was at the extremes of the parallel channel. We are looking for any shorting opportunities to take CHFJPY down. We've seen some JPY strength last week but we could be consolidating for a bit due to CHF strength (which we anticipated a couple of weeks ago). Looking for clear signs of reversal to enter CHFJPY. See the diagram in the chart to see how you could use fibs to anticipate where one move will end and another will begin. From the weekly chart we can see that there's a massive drop coming for CHFJPY! Goodluck and trade safe!
by WicktatorFX
11
USDJPY too overstretched! Correction Likely to Occur USDJPY is too overstretched or to put it in technical analysis term, its too oversold. Therefore an anticipated correction would likely occur. However as traders we perform technical analysis and await confirmation that a correction would likely take place. Here we have a 4H chart of USDJPY. 115.000 represents a concrete monthly psychological resistance where the prices might likely reverse for time being. Also on the chart an ascending channel is visible and MONTHLY pivots. A confirmation which is needed here would be the following: 1) break of ascending channel 2) Close of 4H candle below the 4H 50 EMA 3) close of D candle below R2 monthly pivot After all the above criteria have met, its important to know that the initial target would R1 MONTHLY PIVOT (112.500). However since this trade is on 4H timeframe, an extra caution is required which would be to notice where the weekly pivot pointS are located when the trade criteria has met. Combining all these, the risk to reward ratio evaluation is required and SHORT trade can be placed. Note: This is just my personal technical analysis and its not a trade signal. The trade signal would be posted on an entirely different post shall the trade criteria meet.
Short
by FX618Analysis