Safehaven
In GOLD We Trust!- Our Safe Haven!Hello Trading Family, Gold is approaching an interesting area. What I call "TRIO RETEST"
Here is why => The Highlighted Orange Circle is the intersection of three key rejection levels/zones.
Retest 1: Brown Trendline
Gold is overall bullish and currently testing the brown trendline which acts as non-horizontal support.
Retest 2: Lower Blue Trendline
The lower blue trendline is the lower bound of the channel which I consider as an oversold area.
Retest 3: Green Support - 1700.0
The green level is a previous resistance turned into support and round number 1700.0
As per my trading style/plan:
I will zoom in to lower timeframes and look for bullish reversal setups (like a double bottom, trendline break, and so on...)
For example, we can see Gold is forming a trendline in gray, so I will be waiting for a third swing to form around it to consider it valid and then buy on this last swing high break upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin... it's wise to buy any dip before 100K It's most probable that institutional investors & fund managers are buying the dips caused by taking profits on a new high, normal market participants behaviour is to lock up profits in every new high!
When you look at the asset market cap and geographical reach ... it's not rational nor logical for such an asset to change direction due to TWEET, please don't lose focus on its intrinsic value drivers, it's not just a stock!!
MO Long! [Target: $50] Looks like the formation of an ascending triangle bottom reversal. In addition to the chart pattern, this stock currently has an 8.1% dividend yield. If this stock trades sideways you can still book an 8% annual return. Never mind the ability for this company to enter the marijuana market at scale. As I've mentioned in other posts, I expect to see some capital flow from growth stocks to value stocks. MO is a great target for those looking for cash flow and large dividend payments. This is a great way to diversify your portfolio.
**Not financial advice, do your own research**
GOLD - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Bitcoin bubble?!?! I don't think so! Bitcoin's bubble has even begun to inflate yet. We are going well over 100k before the end of this market cycle. Yes, yes we will hit bumps in the road and have dips from time to time, but we have a long road ahead of us. We have a buy signal initiated on the daily chart after breaking out of the wedge. I honestly couldn't think of a better time to buy if you missed out on the start of the bull run.
Future of Safe Haven currencies --> Flashback to 2008 analysis Hi all!
This is my idea on the future of the so-called Safe Haven currencies. Remember, people in the need of defense against coming inflation turn into currencies or gold as they do not have much knowledge or energy for other assets. This is why good analysis is needed to see in what currency to invest.
In the post-crisis period (4 years), both sides, the euro, and dollar initially behaved the same, reducing from their "crisis" peaks. In the longer term, the euro was most stable, consolidating in the upper/middle limits of the crisis. In turn, the dollar was marked by a stronger initial correction (it lasted about 260 days after the economy calmed down), then the rate accounted for fluctuations due to uncertainty. Frank had the best percentage return, moreover, it did not experience such corrections as the dollar in the same period. Look at the graph and compare the marked period, you will see that all three currencies behave more the same as in 2008.
Key Facts:
- the franc earned the most but the value of covid financial aid is unprecedented,
- the dollar did not repeat the history in 100% and fell below the pre-covid rate (a chance for an increase),
- printing the dollar does not help its rate, rather flooding the capital market with cash (blowing a bubble).
I encourage you to do your own analysis based on your home currency, I used zloty as the second currency in the pair.
Feel free to comment, give your thoughts. Would appreciate it if you like it!
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
USD/CHF analysis - "Safe Haven war"Dear traders!
USD and CHF are said to be some of the bests safe-haven assets, that retain value over downturn or "bad" news. Here is my idea on the USD/CHF pair over the coming period of time.
Technical analysis:
As we can see USD/CHF pair has been in a downtrend for a long time with more consolidated movement over the last periods. However, since mid-March, we can observe a continuation of the downtrend, at the same time indicating the power of CHF over USD. In December price was consolidating around a key S/R level of approx. 0.8918 having no power to break it with multiple tests. Recently the price came to the trendline, testing it, however not breaking it.
Fundamental analysis:
As you may already know bot USD and CHF are the most common forex safe-haven assets that people turn to in times of uncertainty or downturn of the economy. Right now besides Covid19 news, we have matters of inflation and US elections that seem to be on the clear path at last. Tomorrow we get an API report, which may influence the USD.
Be patient, watch carefully the area marked by the red ellipse, whether it will break the upper long term trendline or short term lower one. Such movement may suggest future price changes. Most importantly - be patient
Feel free to comment, give your thoughts. Would appreciate it if you like it! (my first published analysis :) )
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
Gold Three Waves Pullback!Gold Witnessed a fives waves down reaching 1802 Level, and entering a 3 waves pullback at the moment.
at first we take into consideration that the pullback is corrective targeting 1863 unless the chart gave us a bullish momentum and broke the target.
be aware of a counter wave for now to retest 1830 level at which it will be a good entry to go long again.
Gold climbs as USD sinks to the lowest since 2018... 🏆Gold has taken market control along with other currency alternatives heading into 2021. It has surged above $1,940 an ounce to the highest in almost two months as lower U.S. real yields and a weaker dollar helped the metal build on its biggest annual advance in a decade. All of this growth and fundamental optimism is likely to spur on pressure to reattempt a new monthly breakout to the upside. As mentioned in the video, I would like to see a retest of 1930 before getting involved in any long positions. US fundamentals and further stimulus boosts saga is sweeping the dollar weakness into new lows.
Gold analysis (07.01.21) "Watch out patiently"Fellow traders,
No doubt that gold is a super interesting safe-haven asset, especially considering current times. Here is my most recent idea on this metal.
Fundamental analysis:
The uncertainty caused by COVID still prevails all over the world, the vaccine is still not widely available, and long-term protection still not ceratin. Moreover, monetary policy and money injection will cause inflation to kick in. Many people would like to protect themselves from rising prices and in many cases not having wide knowledge about the market will go for well-established gold as a safe-haven asset.
Technical analysis:
In general, we can see a bullish uptrend. However, the chart is forming a flag pattern and broke out and continued going up. Next candles show a small retest of the upper boundary of the flag. An important point is that this all is happening near not only key level but also kind of a psychological level of 1900$. We may expect some kind of consolidation near the key level for some time, which may result in bullish stepping in.
Feel free to comment, give your thoughts. Would appreciate it if you like it! (my first published analysis :) )
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
GOLD Road Map for the week!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per our last video analysis, GOLD rejected our upper red trendline and traded lower.
GOLD is now sitting around the lower red trendline and 1900 blue level, so we will be expecting a bullish movement.
then GOLD continues to trade inside the wedge pattern until it reaches the upper red resistance around 2000.0, forming one more swing low around the lower red trendline, which we will consider our trigger swing, and then and only then we will be selling GOLD after a momentum candle close below the gray area.
Good luck!
~Rich
We are in Phase C of this Wyckoff SetupPhase C: It is in Phase C that the price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up.
How Big is Today's BTC MarketCap ?Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Bitcoin looking for 30k#BTCUSD (4H) in a small consolidation phase again. A pennant formed. If broken to the upside, there's a good chance we'll see 30k soon.
GOLD - Don't Sell Now! - Video Top-Down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: GOLD is forming a wedge pattern in red so we are waiting for a new swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
following Trend resistance!!!The structure are not following only trend R&S but we need to think about big Fib and Small Fib, Big fib structure progressing on 0.382 we expect it can reach 0.5. By the way we should focus on small first, small fib was hit golden ratio. So we should follow price action that will reject at the moment for completing and follow big fib. $$$
#luxLovi
Info from papa George S.Dear Friends and Colleagues,
Bubble burst is comming, cash last investments and buy safe haven currencies.
Good time and equality between us.
Hello $2075 The 'Stimulus Optimism Trade' is back
Around the world, major fiat currencies are looking at major devaluation.
In the US, a stimulus deal is in the works with a bipartisan group of lawmakers in discussions for $900+ billion deal to stimulate the economy. Last month's jobs report showed that economic recovery is slowing down. This may have tipped Democrats and Republicans to considering more stimulus.
On the other side of the Atlantic, the EU has been working on a stimulus deal. However, the plan may flop as Hungary & Poland threatening to veto the deal. Reports from Brussels say that policymakers are working to circumvent the two countries. Should the deal go through, the EURO will be under pressure.
Japan's Suga run into problems with convincing lawmakers in the country to approve a $900b deal. His approval ratings are low as second wave of coronavirus spreads in Japan. However, this will put more pressure on lawmakers to pass the stimulus bill.
What's up with Central Banks?
The FED, ECB & BOJ are expected to keep rates low this month. These banks also hold an unprecedented level of assets in form of treasuries and stocks. They won't stop buying until they are convinced that recovery has been achieved.
Why is all these important?
The DXY, EURO & JPY are some of the most used currencies in the world. The actions by governments around the world will devalue currencies leaving metal Commodities as the best safe havens. I expect XAUUSD to break the ATHs in 2021 through to 2023.
Weekly Market recap 10: Here we go!What's happening
Last week marked the beginning of the continuation of the long-term downtrend in safe-havens. The market already offered short-term momentum opportunities at the initial move after DXY broke down the last support at 91.75.
Currently, we're experiencing the first stop or apparently a minor pullback in the global risk assets, as each major asset tests its respective resistance level (support in case of safe-havens). DXY is mildly rebounding from the support around 90.50.
Traders should be ready for decisive actions this week as the trend in risk assets (or a downtrend in DXY) may resume in any moment.
Action plan
There are two major price action scenarios I'd be interested in trading:
a)Breakout of the current resistance level and the trend continuation. In the case of Indices, it pertains only to those, that are not overextended, such as DAX, S&P500 & NASDAQ100. If you look at Nikkei 225, it's been one of the strongest Asian markets since the beginning of November, so it'd be natural if it corrects before the trend continuation.
b)Reversal of the short-term uptrend of the safe-havens in the context of selling the pullback of the long-term downtrend. For example, if DXY approaches 91.75, look for short-sell setups in USD and JPY pairs.
SHAUSDT chart sums up 2 of my favorite chart patterns...Double bottoms with wedge breakouts are always potent patterns to trade IMHO. This one looks really good. One can wait for another leg down before looking for a buy signal but today's candle looks like it will be a nice bullish candle which can be a buy signal too (better to wait for the day's close).
First target if price rallies from here is the wedge high or the double-bottom neckline. We then see if market breaks the neckline for a measured move up.
SILVER Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: SILVER is sitting around strong demand in green so we will be looking for buy setups on lower timeframes.
on H1: SILVER is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish.
and as price approaches the upper blue resistance, we will be looking for sell setups on lower timeframes.
Good luck!
