XAUUSD clear view According to TA, market is in neutral phase where market has 50% 50% on both side either bears are active or bulls may jump and roaring. If you want to trade put yours stop loss tight and wait for you target points. Happy trade to every one.by sheikhumer110
Updated Gold Chart - Short This is the updated pattern for Gold, the ghost pattern is what I saw as of last night based on structure and technical analysis. Everything after the patterns is what actually occurred. I use ghost patterns within TV to help me remember what my analysis is, and to prevent anxiety. Gold is still a short down to about 2260 overall based on my analysisShortby tl032820
A positive close for Friday is expectedA positive close for the S&P 500 on Friday is the expected behavior as buyers entered the market on Thursday. Friday action will give us a barometer of the confidence of buyers going into the weekend to hold a long S&P 500 position.02:02by DanGramza2
SELL GOLD!!!its time for selling gold guyswave 4 has ended or not??? it maye be come up to 2360 to complete an ABC form...or maye it has already completed wave 4 at 2340.00 price and now we r in wave 1 of bigger 5...wave 1 of bgger 5 has ended at 2296.00 price and in this case we r in wave 2 so ir=t can come up to 2325.00 or 2328.00 and then fall sharply in form of wave 3 of bigger 5!!so any way gold will fall soon...but after that we will see a new high in weekly time frame...upper than last weekly highest priceShortby omidtrader13670
XAUUSD consolidating?OANDA:XAUUSD We are currently caught in a consolidation phase on Gold, with so much data that came out this week it is important to understand how the dollar pair will affect Gold. My bias coming into this week was bullish and i managed to catch a few pips on the move, however i'm a bit neutral at the moment. For long position i would like to see Gold hold price at 2380-2390 given that we see a reversal pattern for a bullish move. If price doesn't respect 2380 area we can start looking for short positions. That is what i'm looking for on a technical level. On the fundamental side of things No rate cuts may actually hurt the dollar, which may cause it to appear a risk asset and this could be good for Gold and Indices please note this is not financial advise. comment with your thoughts.by mr_mat_sa3
Market Crash - NQ Ascending WedgeHere's another ascending wedge here on NQ. It closed above today for the first time, so looking fairly bullish for now, but it's far from being a confirmed breakout. I'll be watching this wedge and the one on ES moving forward. ES has moved quite a bit further above its wedge than NQ, but neither have sustained the breakout just yet. Here's some paths I'd expect for both upside and downside.Shortby AdvancedPlays1
Short GOLD!!!its time gor selling gold again its time for selling gold again to catch the wave 5 of bigger 5 downtrend wave...the first target would be around 2250 and even more below...the sec one is 2225.00Shortby omidtrader13670
US Oil Short?Hi traders. US Oil is bearish overall. lately we saw a correction structure. But now we see a head n shoulder pattern and a break out from the ascending channel. maybe we can expect the bearish move to continue.Shortby ltdcrack888
Trading Volatility 75 Index Using Trendlines Deriv TradingViewThe Volatility 75 Index, also known as VIX, represents the market's expectation of 30-day forward-looking volatility and is a popular instrument for traders looking to capitalize on market turbulence. Trading the Volatility 75 Index using trendlines on Deriv TradingView can be an effective strategy for identifying and acting on market trends. Here's a step-by-step guide to help you get started. #### 1. Understanding Trendlines Trendlines are straight lines drawn on a chart that connect two or more price points, usually to indicate a trend direction. An upward trendline connects the lows in an uptrend, while a downward trendline connects the highs in a downtrend. These lines act as support and resistance levels, providing traders with visual cues for potential trade opportunities. #### 2. Setting Up Your Trading Environment **Step 1: Access Deriv TradingView** Log in to your Deriv account and navigate to the TradingView platform. Ensure that you have selected the Volatility 75 Index chart for analysis. **Step 2: Choose the Right Timeframe** Select an appropriate timeframe for your trading style. Short-term traders might prefer 1-minute or 5-minute charts, while swing traders may opt for 1-hour or daily charts. #### 3. Drawing Trendlines **Step 1: Identify Key Points** Identify significant highs and lows on the chart. In an uptrend, look for a series of higher lows. In a downtrend, look for a series of lower highs. **Step 2: Draw the Trendline** - **Uptrend:** Click on the trendline tool and connect at least two significant higher lows. - **Downtrend:** Click on the trendline tool and connect at least two significant lower highs. Ensure that your trendline is not cutting through the candlesticks and that it aligns well with the price movement. #### 4. Analyzing Trendline Breaks Trendline breaks can signal potential trading opportunities. When the price breaks above a downward trendline, it might indicate a bullish reversal. Conversely, when the price breaks below an upward trendline, it might indicate a bearish reversal. **Step 1: Confirm the Break** Wait for a candlestick to close above or below the trendline to confirm the break. This reduces the risk of false signals. **Step 2: Use Volume for Confirmation** Increased trading volume can validate the trendline break, suggesting stronger market conviction behind the move. #### 5. Placing Trades **Step 1: Set Entry Points** - **Long Trade:** Enter a buy position when the price breaks above a downward trendline and the breakout is confirmed. - **Short Trade:** Enter a sell position when the price breaks below an upward trendline and the breakout is confirmed. **Step 2: Set Stop-Loss Levels** - Place a stop-loss below the most recent swing low for long trades. - Place a stop-loss above the most recent swing high for short trades. **Step 3: Set Take-Profit Levels** Use previous support and resistance levels or employ a risk-reward ratio (e.g., 1:2 or 1:3) to determine your take-profit points. #### 6. Managing the Trade - **Monitor the Trade:** Keep an eye on the trade and adjust your stop-loss to lock in profits as the price moves in your favor. - **Be Prepared for Reversals:** Market conditions can change rapidly, especially with an instrument as volatile as the Volatility 75 Index. Stay alert and be ready to exit the trade if the market reverses. #### 7. Additional Tips - **Combine with Other Indicators:** Enhance your trendline analysis by using other technical indicators like RSI, MACD, or moving averages for additional confirmation. - **Stay Informed:** Keep an eye on market news and events that could impact volatility. - **Practice Risk Management:** Never risk more than a small percentage of your trading capital on a single trade. This helps in managing potential losses and staying in the game longer. #### Conclusion Trading the Volatility 75 Index using trendlines on Deriv TradingView can be a powerful strategy when executed with precision and discipline. By identifying and drawing accurate trendlines, confirming trendline breaks, and managing trades effectively, traders can navigate the volatile nature of the VIX and capitalize on market movements. Always remember to practice good risk management and continuously improve your trading skills through education and experience.Education10:51by FrankFx140
OHLC Stat Mapping cooked today Usuall price delivery when bullish : you look to enter at or in close proximity of +M and target OPEN/opposing Manipulation or Distribution OR ADR when it is at logical level.by Keclikk1
GOLD WILL GROW|LONG| ✅GOLD is set to retest a Strong support level below at 2280$ After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 2320$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx114
Is Gold forming a Bullflag?Looks like a bull flag forming on Gold. Can be wrong but If price hits $2250 I believe it is not a confirmed bull flag but for now it looks like a bull flag is possibly forming measured move up if it is will be $2785 Target.Longby cerveloist5
Gold pre open marketHello, gold might make a nice leg with a continuation of the price decline to 2279.Shortby paullefebre92114
2024-06-13 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Two legs down from the open to then 3ish legs up to close right under the open price. Market is staying up here which is maximum bullish going into Friday. My target remains 5600 and there is absolutely no reason what so ever, that we can’t print another 100 points up tomorrow. Anything below 5470 would surprise me big time. Bears have no reason to sell this and bulls are making money buying every tick of a dip. current market cycle: bull trend key levels: 5470 - 5600 bull case: 5472 was a bit lower than expected but who cares, bulls buy it all. Just do the same. For tomorrow I will only look which ema is respected the most to go max long over the day. Invalidation is below 5470. bear case: If bears actually somehow manage to print a lower low below 5470, consider me surprised and I will rethink my plan but for now, bears are scalping as long as they have momentum, when it’s gone, they are out and bulls just print green bars. Invalidation is above 5520. short term: As bullish as one can be. Ride it up. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next weeks. current swing trade: None trade of the day: Market just oscillated around 5500 the whole day. 5486 is big support and was a good buy yesterday and naturally so today if you chose a wider stop or waited for consecutive bull bars.Longby priceactiontds220
2024-06-13 - a daily price action after hour update - goldGood Evening and I hope you are well. gold comment: This does look a lot more like a trading range than a market who want’s to have it’s third leg down. 2300 continues to be big support and until that is clearly broken, it’s a buy at that price. For the pull-back to stay below 2360 is bearish. So market has arguments on both sides and that is why we can expect more sideways price action until that range is clearly broken. current market cycle: trading range key levels: 2300 - 2360 bull case: The longer they can keep it above 2300, the more neutral the market becomes and the odds for a breakout to either side become 50/50. Market is in balance here, so no good arguments for higher or lower prices. The current bear channel is reasonable and maybe the bulls are favored down here to trade it back to around 2330 tomorrow. Invalidation is below 2300. bear case: Need a break below 2300. No better arguments for their case either. Invalidation is above 2360. short term: Completely neutral inside given range. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2450. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T. current swing trade: None trade of the day: Yeah just a weird day. Expanding triangle first and then another big sell against the 1h 20ema.Longby priceactiontds1
Natural Gas SurfingZones and levels or shapes for potential support/resistance forces that might influence this market in the future. Dotted path is an envisioned scenario which doesn't need to manifest necessarily but the overall picture might come in handy if the market shows signs of synchronicity with the design. Starting off with the resistance met at the cyan rectangle where I have 2 scenarios in mind: reversal, or consolidation and a break. I am more inclined to believe that bullish pressure could weaken here so I marked the spot with a down arrow. Will provide updates as we go along, looking to see 4 or 5 interesting events at the elements in the snapshot, also looking to see some interesting hits on the icons, preferably with a wave that coincides with their path.by nenUpdated 773
Natural Gass CompassIn this one I use my preferred charting tool that uses data points from the past: Curved Trendlines. While there are other variations of such lines that I might use depending on the context, in this case the pattern low-high-high or high-low-low is widely detected as relevant and used as such for mapping out potential forces and support/resistance zones. As you can see there is a relevant potential support zone validated by both the white curve and the blue curve which overlap further in time. There will be no surprises if the these levels keep holding the price for a while. The yellow one is the weakest one in my opinion, because of the peculiar case on natural gas that doesn't provide much options for such support/resistance lines, because of the X high that was created in a strong but weird position relative to past highs and lows. Meaning that if the yellow is broken on the up, it might not even matter in the future because a different setup might unfold, creating a totally different type of line in any type of pattern regarding previous highs and lows. What I like about these lines is that the relevant ones tend to provide clear cut cases of rebounds (example in the white dot), retests after break (green dot), or even pure power breaks with no comebacks (yellow dot). The scenarios I find important in this picture are the following: - the obvious potential rebound from the white and blue - the less obvious but very important break on the downside of the white and blue which has a higher chance of a retest because of the significance of these lines (these retests tend to happen for these long lasting lines with many data points) - supposing the yellow line does hold, or if another similar resistance line appears after another high lower than X, and supposing the white is finally penetrated, we enter the C zone which I believe has a decent probability for action inside it. I find the B zone less likely to be relevant as it implies the breaking of the white which should lead to a more bearish or consolidation mood rather that another power bullish move. I decided to post this snapshot here with these lines because as you can see the price has provided decent relevant lines in the recent past with the greens and blue, while in the current present case, these lines are almost non existent because of the position of the X high relative to the previous highs and lows. My guess is that a careful analysis of the reaction of the market to these lines could give us clues of what the sentiment in the market is, shifting from the bullish mood to a more cautious neutral or indecision mood with the break of the white and blue. by nenUpdated 555
Possible Buy on GOLD A confirmed market structural shift to the upside suggests potential buying opportunities. Additionally, the formation of multiple buy-on-stop orders and an inducement signals further potential for buying. It is important to exercise caution and adhere to risk management practices when considering these opportunities.Longby BFUFX_MARKETS225
GOLD OUTLOOK 1HRMy expectation on Gold. The current price direction is downward. We can clearly see a SMT, which will most likely use as an inducement into out POI. After which it will go after the liquidity below the Weekly Low. What is your thought? Shortby pelumiajilore633
Bulls see it as a sell signal Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correctionShortby BTC-XLMUpdated 565695
GOLD SHORT?Personally, i think we might be seeing more bearish movements on Gold in the coming weeks. My reasons: 1. Price is at a premium level (Gold is over bought, also it only recently created an ATH) 2. The retailer concept of the "Double Top" that usually signifies a reversal has formed. I think price might be heading to the black horizontal line. What do you think? Shortby pelumiajilore634
Silver 61324 monster bull div 4 hrSilver is seeing some massive levels of bull div forming on the 4 hr time frame. Expect a pop straight back up to 32 and test the local high. We all know this is the game they use to shake out the weak mfrs. We've been in since silver was in the low teens crashed during Rona. How many laughed. And we werent buying spot rounds. I told ppl accumulate sovereign coins esp Queen's beasts. Those things have skyrocketed in value. SIlver is going to 3k Gamestop NYSE:GME is going to 3k Solana is going to 4 digit.Bitcoin is going to 6-7 digit. Dollar will continue to trend to zero LONG TERM THINKING MFRSby BrandonrG0
Playing spread - 50 / 47 on CL_F$CL_f has bounced of support @ 48.40 while prev. week has supported break above this level. this is possibly last area of resistance before move back to 49.x ish level.. considering playing Spread to take advantage of range between - 50 / 47by theboilerroomUpdated 0