GOLD - Shift In Momentum In Action! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
XAUUSD is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Safehaven
GOLD - Our Safe Haven!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes.
on H1: Right Chart
XAUUSD is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it.
Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Where are stocks going?I am presenting the difference between SPX (top pane) and SPX/major safe heavens (middle pane; spread graph). The pane below portrays the correlation coefficient (CC) in rsi values between the main spread graph and traditional safe heavens.
Skip to the last paragraph for my forecast speculation if you are familiar with advanced spread graphs!
This graph aims to measure the true nominal & intrinsic value of the U.S.'s largest equity indices (Nasdaq and S&P 500) by pinning their value against historic prices of safer alternative investment instruments, to account for capital outflows to other assets (not just USD or other fiat).
CC - peaks in correlation imply trend reversals, specifically indicating the beginning of capital outflow from safe heavens to equities (and vice versa). Combining this indicator with the RSI (white line) of the spread graph may suggest the potential direction of capital flows.
Forecast:
Bearish signs: break-out of the current interest rate trend (figure below), last decade's heavy use of Quantitative Easing (QE), wars, repetitive waves of Covid, new world order (progressive decline in the importance of western currencies and stock exchanges)
Bullish signs: recent unexpected strength from bulls, successful monetary policies against inflation, persistent adaptation of green & sustainability functioning (in comparison to the world), overall extremely oversold technical indicators
Figure 1:
The CC of interest rates movements with safe heavens indicates a potential direction for equities in general, which matches with the main spread graph (all shown by arrow paths). These predictions align with the outcome of the spread graph's 2004 aggressive interest rate hikes.
In case you would like to utilise the spread graph formula: SP:SPX*TVC:IXIC/(TVC:DXY*10000000000000/FRED:M2SL*NASDAQ:XAU*(SP:SPGSCI-NASDAQ:XAU)/10/(TVC:US10Y-TVC:US02Y+TVC:US30Y-TVC:US10Y+2))
otherwise, zoom out
Thanks for your time!
BTC accumulation phase spring or a massive bear rally ?Hello,
It will be a quick one as the chart says it all.
Basically, I think the current setup looks a lot similar to the price action we saw at the end of 2018 and the beginning of 2018.
1. BTC made three consecutive lower lows on the 1-week chart, consolidated for a bit then made a new low which was the final one. We saw the same think happening the 15 months.
2. The RSI hit an oversold area around the same level as the one from 2018 while also printing a bullish divergence for the first time ever for BTC (or at least I could not find any older).
3. Volumes increased above the average between the 3rd and 4rd low on both occasions.
4. The price of BTC hit the long-term diagonal support and used it to rebound on both occasions.
5. BTC broke above the 21-period EMA with a solid green candle back then and now. The time of the green candle that broke above the short-term EMA found the RSI in the exact same state and place on its chart as back in 2019
I think it is quite possible we see a significant rally at least up to the first downtrend correction near $46,800 before a significant pullback. This will be in line with the 2018/2019 rally, also relatively similar in terms of percentage growth.
Such a move will be normal in the state of disbelief, but it does not exclude a new low afterwards just like it was the case back in 2019/2020. So the "recession" and "long bear market" scenarios can still come to live.
Let me know what you think in the comments
GOLD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GOLD has been overall bullish trading inside the blue rising broadening wedge pattern.
Moreover, the 1900.0 level is a strong support and round number.
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in blue acting as a non-horizontal support.
📉 As per my trading style:
As GOLD approaches the lower purple 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
SILVER - Still Bearish? 🥈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SILVER has been overall bearish trading inside the red falling broadening wedge, and it is currently retesting the upper red trendline.
Moreover, the zone 25-26 is a strong resistance zone .
📌So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
📕As per my trading style:
As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
“Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Around Strong Resistance! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GOLD is overall bullish trading inside the rising red channel, however, it is currently retesting the upper red trendline.
Moreover, the zone 1870 - 1900 is a strong resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
As per my trading style:
As GOLD is around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top 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
XAUUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for XAUUSD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
SILVER - The Fall of a Balloon! 🥈🎈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After an aggressive bullish movement late 2021, SILVER has been overall bearish trading inside the red falling broadening wedge , and it is currently retesting the upper red trendline.
Moreover, the zone 25-26 is a strong resistance zone.
📌 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
📕 As per my trading style:
As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top 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
GOLD - Potential Short-Term Reversal!🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GOLD is overall bullish trading inside the rising red wedge pattern, and it is currently retesting the upper red trendline.
Moreover, the zone 1830 - 1845 is a strong resistance zone.
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
As per my trading style:
As GOLD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top 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
XAUUSD BULLISH TRENDGOLD is also known as the standard for safe-haven assets, we can see a trend line that is serving as a steady uptrend resistance line, as the war, recession fears, and inflation still going strong we have all the supporting factors to keep that growth. We registered $130 in the last 3 months and we are still far from a conclusion on the war and economical recovery anytime soon.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XAUEUR - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for XAUEUR.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Gold Facing ResistanceGold has reached our target of $1770, and as predicted, is having trouble with this level. We are running into resistance as we push toward a previous value area. The price action is rounding off and the Kovach OBV, though still strong, is tapering, suggesting that we will range or retrace. A significant retracement could take us all the way back to $1720, or $1705, the base of the sickle pattern. As an intermediary target, $1735 is about the 50% Fibonacci retracement, and this would also be reasonable. If we can break out again, anticipate resistance in the $1780's.
Big Rally in Gold!Gold has rallied massively, breaking through to the $1700's. Yesterday, we tested our level at $1683. As predicted, it provided resistance. A pullback tested $1670, where we immediately saw a strong pivot. Then momentum continued through $1683, and several levels after that, solidifying the $1700's. We reached as high as $1720 before a red triangle on the KRI confirmed resistance. The Kovach OBV is very strong, but this is quite a move for gold and we expect some ranging or a pullback. Support is evident at $1705, but if that breaks then $1692 and $1683 should also provide support. If the rally continues, $1735 is the next target.
Gold to Find Support?Gold has dipped, as anticipated. We punched through $1658 and are heading for $1640. The Kovach OBV has turned sharply downward, suggesting that we will need significant momentum in order to pivot off these levels. We should see some support at $1640 but if not, lows at $1629 should provide further support. If we somehow pivot, then $1658 should provide resistance with $1683 a ceiling.
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
#Bitcoin $BTC becoming safer asset than #Gold ??In previous times of turmoil, any investor was considered wise to place money into gold vs. fiat or any other investment vehicles. However, this comes with many issues, including accessibility, transportation, etc. So, in my opinion, Bitcoin (with its limited supply coupled with high demand, easy access, and easy transportation) will become considered the safest of the "safe-haven" assets. This chart shows the performance of Bitcoin breaking trend, while invalidating a bearish pennant, during a time when one would assume that money would be moving into Gold instead. For me, personally, this shows that this shift is starting to play out. And, while there still may or may not be a rise in $BTC, the value-loss potential of Bitcoin will become much lower, compared to all other assets.
**This is my opinion based on data. This is not financial advice.**
Gold Tests Lower LevelsGold has broken down from $1670, finding support at $1658 before equilibrating after the hotter than expect CPI data. Support was confirmed by a green triangle and we were able to recover, testing $1658 one more time before tending toward $1670 again. The Kovach OBV is pretty flat, suggesting we may waver around current levels before we see another significant move. We can expect a great deal of resistance above, especially at $1683, which is the lower anchor of our previous Fibonacci levels. If we break through $1658, there is a vacuum zone below to $1640.
Gold RetracesGold has retraced significantly from the $1700's. It appeared that we were ready to solidify this handle, however we faced a massive selloff with the rest of the risk-off assets, as the markets price in sobering data and a hawish Fed. We have broken through $1700 and our first two support levels in the upper $1600's at $1692 and $1683. We are currently finding support at $1670, but appear to be hanging on by a thread. Several green triangles are confirming support at current levels for now. If we are able to rally then $1683 is the next immediate target otherwise $1658 is the next level down.