GOLD, CRUDE OIL & BITCOIN, Nov 14th – 18th, 2022 » Learn To Trade The Market

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GOLD – SPOT: Buying On Retracement And After Price Action Signal Whilst Above $1680 – $1688 Support Area

Price Action: The Small Bearish Pin Bar Signal that had formed mid-last week (We did not consider trading this signal).

Price exploded higher from the Inside Bar Pattern with the wider Mother Bar, that had formed earlier this week (We did not consider trading this pattern, nor did we mention it at the time it formed).

Potential Trade Idea: We are considering buying on a retracement lower and after a price action signal on a daily chart time frame, whilst price remains above the $1680 – $1688 short-term support area, which coincides with the recent Inside Bar Breakout that had triggered early last week.

NOTE – You can trade Spot GOLD via the trading platform we use HERE.

CRUDE OIL – FUTURES: Buying On Retracement And After Price Action Signal Above $81.28 Support Level

Price Action: Price moved lower from the Bearish Pin Bar Signal that had formed early last week (We did not consider trading this signal, nor did we mention it at the time it formed).

Potential Trade Idea: We are considering buying on a retracement lower and after a price action buy signal, at or just above the $81.28 short-term support level (Minor Event Area), which coincides with the recent Bullish Pin Bar Signal that had formed on Monday, Oct 24th.

NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.

BITCOIN (BTCUSD) – Cash: Selling On Retracement via Blind Entry Or After Price Action Signal Around $18154 Support Level

(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).

Price Action: Price has been forming a Multiple Inside Bar Pattern, with a wide Mother Bar, since Friday, Nov 11th (We are not considering trading this pattern).

Price moved significantly lower from the Small Bearish Tailed Bar Signal that had formed just under the $21491 – $22808 key resistance area (Event Area), on Saturday, Nov 5th (We did not consider trading this signal, nor did we mention it at the time it formed).

Potential Trade Idea: We are considering selling on a retracement higher via blind entry or after a price action sell signal, at or around the $18154 – $18663 short-term resistance area.

NOTE – You can trade BITCOIN & CRYPTO CURRENCY via the trading platform we use HERE.

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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.