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NATURAL GAS Buy Signal
- March 17, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
No CommentsPattern: Triangle on 1D. Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone. Target: 3.140 (the 1.618 Fibonacci extension). ** Please support this idea with your likes and comments, it is the
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GOLD Is the selling over?
- February 26, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Today Gold hit the June 19, 2020 low after a very aggressive 2-day selling sequence. The dominant pattern since the August Highs (All Time Highs to be more exact), is a Channel Down and to better illustrate it I have used the Fibonacci Channel. As you see most of the price action since the
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WTI OIL First buyers on the 4H MA50
- February 9, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Channel Up and Bullish Megaphone on 4H. Signal: Bullish once the price makes contact with the 4H MA50 (strong buy accumulation level since November). Target: 60.00 (top of the Channel Up), if seeking more risk aim at 62.50 (top of the Megaphone and 2.0 Fibonacci extension, which indicates the Higher High since November).
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WTI OIL Buy Signal
- January 27, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Bullish Megaphone on 4H. Signal: Buy if the 53.90 Resistanct breaks, as the 4H MACD and RSI is repeating the December 02 – 10 bottom fractal. Target: 56.00 (the 2.0 Fibonacci extension, which has been holding since late November). ** Please support this idea with your likes and comments, it is the best
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XAUUSD Entered the 4H Support Zone – Buy Signal
- January 15, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Consolidation within the 4H MA200 (orange trend-line) and the 1,815 – 1,820 Support Zone. Signal: Buy as long as the Support Zone holds. If broken keep in mind that the 1W MA50 (ultimate yearly Support) is at 1,795. Target: the 4H MA200 and if we get a daily close above it, then the
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WTI OIL Testing the monthly MA50 for the first time since Feb
- January 12, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Attention is needed now for WTI Crude Oil traders as the asset has made contact with the 1M MA50. That is the first touch on that trend-line since February 2020, right before the massive March COVID melt-down. Last time this level was tested as a Resistance, recovering from a similar melt-down, was in December
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WTI OIL Buy Signal
- January 4, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Channel Up on 4H. Signal: Buy as the price is near the Higher Low trend-line of the pattern, the RSI near the Lower Low of its Channel Down and the MACD made the Bearish Cross Target: 50.50 (the -0.236 Fibonacci extension). Recent WTI signal: ** Please support this idea with your likes and
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XAUUSD Invalidated H&S, now turning bullish.
- December 16, 2020
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Broken Head and Shoulders to the upside. Signal: Buy as the top of the Right Shoulder broke. It appears that the price may be repeating the December 01-02 bullish leg. RSI identical, MACD on Bullish Cross. Target: 1890 (just below the 2.0 Fibonacci extension as did the Dec 01 leg). ** Please support
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XAUUUSD Why testing the 4H MA50 as Support is important!
- December 3, 2020
- Posted by: Tradingshot Articles
- Category: Commodities
This is a quick update on Gold. The price broke above the 4H MA50 with relative ease and this bullish leg (since November 30) resembles the sequence of October 29 – November 09. That wave, after a pull back to its 0.5 Fibonacci retracement level and the 4H MA50, it found Support and rebounded
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XAUUSD Still bullish but hit the 4H MA50. Short-term scenarios.
- December 1, 2020
- Posted by: Tradingshot Articles
- Category: Commodities
Yesterday I posted a long-term projection on Gold, which had to do with the importance of holding the 1W MA50. And so far buyers have defended this long-term Support: Today’s rise has been strong, indicating a powerful buying accumulation but that doesn’t mean that shorter-term traders shouldn’t be on their toes. The reason is