ORBEX: Gold & Oil Soar on Iran's Military Retaliation!Iran retaliated against US with ballistic missiles instead of disrupting oil shipments, facing one enemy at a time as China is a big importer.
Gold and crude soared to fresh highs after Iran attacked a US military base in Iraq.
Oil gains, however, were discounted early, perhaps due to EIA’s later report, but gold remains bid near $1600/oz.
Watch our analyses for further technical insights and as we apply Elliott waves.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Safehaven
XAUUSD: Projection of the current parabolic move. Bullish RSI.Last week we made a long term analysis of Gold by comparing the current bullish break out to the early June, 2019 pattern, setting an upside target of 1,640 (see below):
Today we are looking at this Parabolic Rise on the more short term 4H chart. The most interesting fact is the RSI which is on a Channel Up. This parabola on the 4H chart has now neutralized the previously overbought levels (RSI = 66.274, MACD = 14.030, ADX = 46.204, Highs/Lows = 2.5286) with the drop and test (so far successful) on the 1,557 former 1W Resistance, but 1D remains overbought heavily (RSI = 85.761, MACD = 20.400) and that is why we cannot dismiss a lower pullback to gather up renewed buy interest.
For that reason as explained on the previous analysis, besides 1,557 we consider 1,536 as a potential long term Support level. That will make a solid sideways consolidation still within the Parabola (green curver) that may accumulate buyers and finally break towards 1,640. In June 2019 the 4H MA50 held, didn't break and supported the uptrend. If it does this time also, then the break out to 1,640 may be even stronger.
We remain strongly bullish on Gold on the long term since our November fractal analysis as seen below:
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Comments and likes are greatly appreciated.
ORBEX: Risk Softens As Iran's Retaliation Options LimitedIran will most likely retaliate and perhaps the first move will involve the disruption of oil shipments through the State of Hormuz.
But, what will China say to that, given nearly 50% of its imported oil comes from the Gulf region?
For now, risk is scaling back and that’s obvious from yen outflows. Watch how the euro and dollar could perform over the next few days.
Timestamps
USDJPY 4H 01:30
EURUSD 4H 03:30
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Platinum bullish breakout 2020Based on the price action, this could be one of the best years for platinum since 2007. A break of the confirmed downtrend line and close above it and 200SMA. For extra confirmation, waiting for the close above the $1000 level.
This could be a great long term trade for 2020, targeting $1700 at 61.8% fib level.
Commodities are very bullish at the moment due to brewing conflict between USA and Iran and there seems to be a real threat of war in the air. Investors will seek commodities as safe havens in case of full military action. Not the best start of the new decade...
Good Luck!
Silver trade updateThe break at the low of wave 4 is going well and war tensions between Iran and USA are increasing demand and prices for safe havens.
So far no positive news is out regarding the conflict. Looking at the overbought shooting star candle at around $18 level, it would seem that a pullback could happen. So far still bullish on silver and gold. Waiting for new highs to add more long positions, stop below the recent highs.
Fundamental news is key here so watch the twitter feed for announcements
USDJPY trade planAfter unprecedented attack from USA sanctioned by Trump the week turned into quite roller coaster. War threats with Iran have created a fearful first week in the market as safe havens surged with gold and silver gaining around 2.4% and 2.7% respectively since the start of 2020 as investors are trying to protect their capital from exposure in risky markets. JPY of course was a massive gainer, USDJPY fell through the channelled resistance and now found key support level just below 108.
This weekend we are waiting for the new development between US and Iran to understand the next direction of this pair.
A fall through support would indicate continuation of a short trade.
Looking at 1 hour time frame in comments section a down trend line and small resistance zone show potential level for reversal and a buying opportunity.
This trade will be largely determined by fundamental news from Iran and White House and I will update whenever news come out.
Good Luck!
FOOL PROOF S&P500 INVESTMENT STRATEGY!A one time investment for 11 years of (on average 14%)
-This strategy uses simple indicators to determine an entry which indicate trend reversal-- such as MACD and the fact that the 2008 credit crisis crash was likely to fall to previous resistance (dot com crash)
-Safe strategy, you're essentially betting on the American Economy and when you're at rock bottom it's more likely to go up than a full economic collapse in western society.
-This is ofcourse hypothetical but when the next crash hits, this is a good guide to follow.
-Could be diversified with FTSE100 and other economically prosperous nations' indexes.
S&P500 Historical returns calculator was used in the process of this chart, these can be found on google.
Bitcoin/Gold Comparison: Safe Haven Frenzy On the Horizon?This is a message from the past.
A couple quick visual notes to suggest a slight resemblance between these two assets and where we may be headed. My guess is that things will get very interesting once Gold breaks the $1,560 range, but who knows.
As always, be sure to check yourself in to the nearest ward before consuming this as 'financial advice'. Maybe I will see you there. Just an average fellow here noodling with the charts.
With that being said, "Once you see a pattern, you can't unsee it."
WHY YOU SHOULD BUY GOLD AS INVESTMENT 2020Maybe there's the 4th correction wave
This is just technical analysis, political activities can beat it
News that traders&investors should read
www.forbes.com
www.nytimes.com
www.cnbc.com
www.youtube.com
NOTE:
I'm still beginner since I've trade for 2 years. You can agree or disagree this analysis.
Anyway, I recommend you to switch to safe-haven (gold) or commodity (oil)
ORBEX: Fed Injects Money in Repo Markets BUT Is That Really QE?Market participants seem to have taken Fed’s liquidity injections as QE, dragging dollar down.
Despite increasing the balance sheet, the Fed’s move should be really reassuring investors that funding pressures, at least in the short-term, are and will be lower.
Or, should it not?
Well, the demand for funding was slower than expected near year’s end. But is this perhaps because institutions are trying to shrink their balance sheets to hit yearly targets...?
Timestamps
USDCHF 2H 02:00
AUDUSD 2H 04:50
NZDUSD 2H 05:55
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
XAUUSD - MID TERM PRICE ACTIONTrade War, Brexit, monetary system crap, Recession etc. Smart Money flows to GOLD in 2019.
Past week good news was given by media. But gold did not react negative as expected.
1505$ and 1420$ are the two important level for the gold.
If good news continues, gold may give us a chance to buy. I believe below 1420$ level would be the best buy opportunity.
If the gold price break down trend , this is the weak signal for the buy. But price will break 1505$ level, this will be perceived strong buy signal.
Gold: Just a snapshotHi Guys,
just a snapshot.
Interesting to see how differently Gold reacts to FED policies.
At the end of 2015 FED started hiking (Gold in 2016: www.kitco.com)
In 2019 FED made three cuts.
But in both occasions Gold always made a run. This is because Gold react on the impact that FED policies have on the economy and especially as an INSURANCE POLICY vs impact of rising tensions between US and China.
Whilst rates hike were seen as negative or dangerous for the economy in 2016, now rate cuts are seen as a positive boosting factors for the economy.
But if this is correct, why is Gold not dropping yet?
Maybe waiting for the US-China Phase One Deal to be signed in mid Jan'20?
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: just an optionHi Guys,
here just some thoughts. With US equities in Christmas Rally mode I am not confident the descending trandline will be crossed. However, since Gold is a commodity and not only a safehaven, maybe the chances are higher then I'd expect.
TO NOTE STRONG RESISTANCE AT 1480 (last week Gold was rejected 5 times at this level, one for each day of the week)
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: week ending just some infosHi Guys,
At the end of last week risks such as Brexit and US China deal faded but Gold didn't react as many were expecting.
Gold has been ranging between 1474 and 1480 since Mon. Two fake breakouts occurred on Wed and on Thu.
The 20BB tries to capture this week's range inside above levels.
If we consider that Gold reached 1550 with FED cutting rates I do not expect price to aim above in the short term, whilst I do favour an extension of the correction.
However ths is not happening despite improved climate in respect of Brexit and US China deal.
If you click & play above chart, price is not following narrative and formed what look likes a triple bottom whith higher lows pushing into resistance.
Why is Gold acting like that?
If you click & play the below chart you will note how Gold runs into resistance with bullish bias. Will it be rejected or will it manage to breach it? Will it consolidate above and keep running or will loose momentum and resume it's fall to extend the correction towards 1445?
Just for information please note that I've been working on this chart all week and posting snapshots in the chat. The majority of snapshots have been posted in the updates of previous idea too if you want to have a look at them.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD is Screaming "BUY ME!!!" - Here is How to Take AdvantagePrice, time, and patience is the way to gain clarity in the market. Gold whipsawing price action has caused me to establish an alternative "bearish" bias, especially the last Friday sell-off.
However, the current price action and movement during this week are showing a new pattern and increasing my confidence for the bulls!
Price is making a 1-2, (i)-(ii) pattern which is an indication for an extended wave 3 (mean a sharp rally is underway).
The previous wave 2 corrective structure unfolded as an expanded flat and retraced 78.6% of wave 1. The current wave (ii) of (iii) of 3 is correction is also unfolding as an expanded flat, and it will most likely be terminated at 78.6% retracement of wave (i). As you can see from the chart, that level lined up with 3rd bounce of ascending trendline and blue zone.
HISTORY LESSONS
"History Does Sometimes Repeat Itself! And Those Who Do Not Learn History Are Doomed To Repeat It."
Repeat it in the sense that, you can either take advantage of the opportunity or missed out on the new rally.
For confirmation & conservative entry, wait for the price to breach the green line after the price has already dipped down to the blue zone.
See related link for Higher Time Frame analysis.
What's your thought about Gold, bullish or bearish?
Best of luck on the chart!
Veejahbee.
BITCOIN ENDING DIAGONAL PATTERN IS HINTING A POTENTIAL RALLYPirce has been in a corrective wave after the sharp advance in Bitcoin that formed a leading diagonal pattern.
The correction which seems to be unfolding as an a-b-c zigzag pattern is about to complete. The blue zone on the chart is a critical area for the ending diagonal in wave (c) of c to bottom.
The break of wave (2) of c high will signal the resumption of the trend and the invalidation level on the chart will be the stop loss level.
This rally can be short-term A-B-C, or a longterm 1-2-3 wave pattern.
Best of luck on the chart!
Veejahbee.
CHFJPY UPDATE: Looking for Buy Opportunity CHFJPY dipped lower and resume higher yesterday but correction might not be completed yet.
From the look of things, the correction might be unfolding as an expanded flat pattern. I will wait for the price to deep lower to the blue zone for a potential entry.
The invalidation level on the chart is critical for buyers, so my stop loss will be there if I secure an entry!
Best,
Vee.
AUDJPY Trade OpinionActually, the news from the RBA Gov Lowe does not mention the economy nor monetary policy in his speech. RBA Gov Lowe is still confident consumers will spend more. Australian weekly consumer confidence rises to 109.0 this week from 108.1 the previous. China's inflation data for November were better than expected but cpi had good changes more than PPI. Things weren't too bad from Australia's side but the yen is taking over against the Aussie so far which seems fishy but talking about the yellow metal it is gaining upward momentum after the deep fall last time. Safe havens are acting shady at the moment. Ahead this week, there are event risks including the FOMC Wednesday and tariff announcement due from the US on Sunday. If those are what market players fear about maybe risk appetite have dropped lower which is helping the safe havens and we should be taking care of this risk sentiment to be either positive or negative throughout the week which should make things easier to predict the direction for this cross pair.
Gold: Recap from NovemberHi Guys,
the situation is the following.
On Nov.7h Gold breached support at 1479/80 (light blue bold horizontal line). The break was favoured by a big Gap-Up in US stocks, prompted by growing optimism in respect of US-China Trade Deal as detailed in the following idea posted on Nov.9th (Tradingview did not allow for this idea to be public because timeframe is 5 minutes).
If it was for me all ideas should be public regardless timeframe.
Apex of this optimism was reached when news came out about U.S. willingness to lift tariffs.
When Trump said the reports were incorrect, optimism stumbled for support and formed (B). From (B) Gold retraced 0,382 Fibonacci of AB to make (C).
BC may have been a Bear Rally but under these circumstances I am not 100% convinced it can be called so.
At (C), test of support become resistance, the 100SMA pushed price down again towards (B). Such push from the 100SMA represents the "Bearish Pressure". Same "Bearish Pressure" that was defeated when pulling back from (D).
Click & Play the above to see how the rounding bottom forming (D) unfolds.
(D) is a rounding bottom at same level of (B). Such structure provides a nice support for bulls to try to attack the descending "Bearish Pressure". Infact price pullback from (D) and breaks the 100SMA to run into 200SMA on the upper band of the 100BB at 1479/80 as detailed in the following Public post:
I really liked the idea of a CUP & HANDLE (Gold likes it too) but good NFP above expectation boosted optimism on US economy and pushed Gold price down. I am not labelling the circled area because I don't know what it could be yet. If you have any idea please share it in the comments.
TO NOTE: RSI primary chart modified to follow price moves above & below 100SMA. This shows that sentiment returned positive before NFP. NFP pushed sentiment back into bearish territory. Gold price is still above double bottom which provides support.
The following ideas may help to make some planning:
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD vs SILVER vs GOLD/SILVER RATIOHi Guys,
just some infos.
Following surprising NFP datas today, silver has fallen below B whilst Gold/Silver ratio has run above.
Gold instead remains above B.
Does it mean that Gold will soon follow Silver? I don't know...I am asking. Lol
Here a link to the explanation provided by Investopedia in respect of the Gold/Silver Ratio: www.investopedia.com
And here an idea posted some time ago with some snapshots:
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.