Gold Prices Drop Sharply but Maintain Weekly GainsYesterday, gold prices dropped sharply, declining by $45.6 to $2,882 per ounce.
Gold fell by approximately 1.5% on Friday, pressured by profit-taking activities. However, despite the decline, the precious metal still recorded its seventh consecutive weekly gain. The weekly uptrend was driven by safe-haven demand, as former U.S. President Donald Trump’s plan to impose reciprocal tariffs on countries taxing U.S. imports sparked fears of a global trade war.
Additionally, technical factors played a significant role. Gold’s failure to reach a new all-time high on Tuesday may have resulted in a double-top pattern, leading to profit-taking ahead of the weekend. However, bullish momentum remains intact, supported by factors such as tariffs, underlying inflation, and a weakening USD.
Buy-signal
Gold Price Outlook: Will the Uptrend Continue This Week?Hello dear traders! Let’s analyze the gold market and plan our strategy for the new trading week!
At the end of last week, gold prices declined despite a weaker USD. However, as the new week began, gold quickly rebounded, reclaiming the $2,900 level, with a 200+ pip recovery (0.72%).
According to the latest weekly gold survey, industry experts maintain a more bullish outlook compared to last week:
📌 Out of 14 experts surveyed:
✅ 71% (10 analysts) expect gold to continue rising.
✅ 14% (2 analysts) predict a downturn.
✅ 14% (2 analysts) foresee sideways movement.
📌 Retail investor sentiment (201 votes):
✅ 65% expect gold to rise.
✅ 24% anticipate a decline.
✅ 11% believe gold will trade sideways in the short term.
From my perspective, I am also expecting gold to resume its bullish momentum. What about you? Do you agree with this outlook?
GBP/USD Holds Near 1.2600 – Bullish Breakout Ahead?GBP/USD remains range-bound near 1.2600 in the first trading session of the week. The pair continues to be supported by a weaker U.S. dollar, following disappointing U.S. Retail Sales data last Friday.
Currently, GBP/USD has broken above the previous resistance at 1.2510. According to Dow Theory, the pair is likely to form a new high, undergo a pullback to retest the breakout level, and then resume its uptrend.
Another bullish factor is that GBP/USD is trading above the EMA 34 and 89, reinforcing buying momentum.
From my perspective, I expect further upside movement. What about you? Do you share the same view?
GBP/USD Trading Strategy – Is the Recovery Gaining Strength?Hello everyone! Let’s explore the GBP/USD trading strategy together with Kevinn!
On the 4H chart, the recovery of GBP/USD is clearly visible, with a breakout above the resistance zone, pushing the price up to 1.2560 at the time of writing.
The formation of an uptrend line, combined with the price moving above the EMA 34 and 89, is strengthening bullish expectations, supporting further upside potential.
From my perspective, I maintain a recovery outlook and plan a buy strategy, with marked support levels serving as ideal entry points if GBP/USD retests the trend.
📌 What do you think about GBP/USD today? Share your thoughts!
USDJPY today! USD/JPY is rising alongside the U.S. dollar and U.S. Treasury yields, approaching the 153.00 level early on Friday. The modest USD appreciation amid cautious market sentiment has offset rising expectations of a Bank of Japan (BoJ) rate hike and Japan’s verbal intervention, providing support for the pair.
However, from a broader perspective, USD/JPY remains in a downtrend, with the descending price channel intact and no clear signs of a breakout. As long as this channel holds, selling remains the preferred strategy.
Wishing you all successful and profitable trades!
EUR/USD Struggles to Extend Gains – What's Next?The EUR/USD pair is struggling to build on its four-day winning streak, trading within a narrow range just below the 1.0500 psychological level during Monday’s session, with little change since the market opened.
Technical Outlook:
🔹 Bullish momentum remains intact as long as the pair continues trading within the ascending channel.
🔹 Buyers maintain the upper hand as long as the price respects the channel support.
🔹 Key trendline levels should be watched closely to determine the ideal buy or sell opportunities.
Wishing you all successful and profitable trades!
USD/JPY Faces Pressure as JPY StrengthensThe Japanese Yen (JPY) maintains strong gains following better-than-expected GDP data, reinforcing expectations that the Bank of Japan (BoJ) may raise interest rates further. Additionally, the narrowing U.S.-Japan interest rate differential supports demand for the lower-yielding JPY, while broad-based USD selling pressure has pushed USD/JPY lower, hovering just above 151.00—near a one-week low.
However, concerns over potential retaliatory tariffs from former U.S. President Donald Trump could limit JPY bulls from making aggressive bets. Meanwhile, expectations that the Federal Reserve (Fed) will maintain its hawkish stance and keep interest rates elevated for longer provide some support for the USD, helping to contain USD/JPY losses.
Despite these factors, the overall market sentiment favors further downside for USD/JPY, suggesting that the path of least resistance remains bearish. 📉
EUR/USD Extends Recovery Amid USD WeaknessEUR/USD continued its recovery on Friday, surging above 1.0400 as the U.S. dollar (USD) faced heavy pressure.
Currently, the pair is trading around 1.0460, moving within a wedge pattern with a high potential for a breakout. A further upside rally is likely, supported by bullish reversal signals from the EMA 34 and 89.
Gold Market Update: Bullish Momentum ContinuesHello everyone! Let’s analyze today’s gold price movements together.
Yesterday, gold regained its bullish momentum, aligning perfectly with my previous forecast and the long-term trend. The precious metal surged to $2,930, reaching a key resistance level.
Economic uncertainty and concerns over new U.S. trade tariffs continue to drive investors toward gold as a safe-haven asset.
Trading Strategy: BUY Priority
📍 Key levels to watch:
✅ Buy when price breaks above $2,930 and completes its correction.
✅ Buy at $2,905 when price tests the 0.618 Fibonacci retracement.
🚀 Let’s trade smart and capitalize on the gold rally!
Gold Market Recap & Strategy: Is the Bullish Trend Here to Stay?⭐ Market Summary:
Spot gold (XAU/USD) saw an insane price correction yesterday, experiencing a total swing of over 600 pips, dropping sharply before rebounding.
The main catalyst remains market sentiment, as Trump’s tariff policies could potentially ignite a trade war.
The crypto market is in crisis, leading investors to seek safe-haven assets like gold.
Strong gold buying pressure from Asian countries at the beginning of the year is also fueling demand.
⭐ Technical Analysis:
On the H4 timeframe, gold remains above the EMA 34, 89, confirming a strong bullish trend. Despite positive CPI data for currencies, gold’s sharp recovery signals that buying pressure has returned.
🔹 Strategy: Focus on Buy Retests at Key Levels
📍 BUY zones to watch:
✅ 2875 - 2880
✅ 2850 - 2855
✅ 2830 - 2835
🚀 Wishing everyone successful trades! 🚀
BTCUSDT Analysis: Bullish Momentum and Key Support ZonesBTCUSDT is currently trading around 75,740 USDT after a recent bullish push, suggesting strong upward momentum. The chart shows clear support zones (highlighted in purple) that Bitcoin could revisit in case of a pullback, specifically around 74,000 USDT and 72,500 USDT.
If BTC holds above these support levels, it could gain further traction to reach new highs, with targets in the 78,000 USDT - 80,000 USDT range. The current trend suggests that if Bitcoin retraces and tests the support, it could present a buying opportunity for traders looking to join the next potential leg up.
Keep an eye on these critical levels, as a break below the 72,500 USDT support might indicate a shift in trend. However, for now, the bullish scenario remains intact, with promising upside potential if buyers continue to dominate.
ETHUSDT: What should be traded and note?The ETH/USDT chart suggests a possible bearish move:
Resistance: Around $2,462, price may test this level but face rejection.
Support: The support zone is at $2,420, where the price could potentially fall.
Trading Plan: Short near $2,462 if rejection occurs, targeting the $2,420 support. Place a stop loss above $2,500 for safety.
This is a straightforward approach based on current chart patterns and key levels.
BTCUSDT Eyes Resistance at 70K: Short-Term Pullback ExpectedThis chart is of the BTCUSDT (Bitcoin/Tether) pair on the 1D (daily) time frame, showing that Bitcoin is in a strong uptrend within an ascending price channel.
Brief Analysis:
Uptrend in price channel: Bitcoin is currently trading within an ascending price channel with higher highs and higher lows. The price remains above the lower trendline of this channel.
Resistance around 70,000 USDT: A strong resistance zone near 70,000 USDT could challenge further price increases. It is likely that the price will face selling pressure at this level.
Correction scenario: The chart suggests a possible short-term correction after reaching the resistance zone, potentially dropping to the 66,000 - 67,000 USDT area before resuming the uptrend.
Moving Averages (MA): The moving averages show a positive signal, as the price has crossed above them, adding momentum to the bullish trend. This supports the longer-term upward movement.
Strong support: The key support level for this uptrend is in the 63,000 - 64,000 USDT range, where the moving averages converge.
Overall, the uptrend remains intact within the channel, but a short-term pullback is possible before breaking through the major resistance levels for further gains.
BTCUSD Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it.
Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the next move depends on whether it breaks below or holds above this support.
Bearish Scenario: If the price breaks below the support zone (around 60,000 USDT), the next target would be around 53,924 - 53,821 USDT (marked in red), a lower support area.
Bullish Retest: In case the price moves up and retests the resistance at 62,838 USDT, this could provide an opportunity for a sell-off, anticipating a reversal back down towards the lower support.
This chart shows a neutral consolidation with potential for either a breakout to the downside or a bearish retest of resistance.
Sell Strategy for BTCUSDT Based on the Provided ChartKey Resistance Zone:
The chart indicates a strong resistance area around 63,657 - 63,679 USDT. This is where the price has previously failed to break higher and has shown signs of a reversal, making it a prime area to consider selling.
Confluence Zone:
There is a notable confluence zone marked between 61,776 - 61,929 USDT. This area is significant because it aligns with various technical factors. The price is likely to retest this zone before continuing the downward trend. A rejection candle (such as a pin bar or bearish engulfing pattern) in this area would be a strong confirmation to enter a sell trade.
Entry Strategy:
Wait for the price to return to the confluence zone (highlighted by the red arrow and circle on the chart). Once the price reaches this area, enter a sell position when there is a clear rejection signal, such as a bearish candle formation indicating price reversal.
Take Profit Target:
The ideal take profit zone is around 57,876 - 57,898 USDT, which is marked as a strong support area on the chart. If the downward momentum continues, this is a likely target for the price to hit.
Stop Loss Placement:
Place your stop loss above the resistance area, around 63,679 USDT. This will protect your position in case the price breaks above the resistance and shifts towards an upward trend.
Summary of the Strategy:
Entry: Around 61,776 - 61,929 USDT, upon observing a bearish price rejection.
Take Profit: Target 57,876 - 57,898 USDT.
Stop Loss: Set above 63,679 USDT to minimize risk.
This strategy is based on the confluence of key technical levels, resistance, and support areas shown on the 4-hour chart. It focuses on waiting for a clear rejection signal before entering a sell trade.
BTCUSDT: The downtrend is aiming. Based on the chart analysis provided, it is recommended to approach the market with a bearish trading strategy for the BTC/USDT pair. The chart outlines key resistance and support levels, which suggest a downward price action if certain conditions are met.
Detailed Trading Plan:
Current Market Condition:
The price of Bitcoin is trading below two key EMA lines, which signals a potential continuation of the bearish trend. The price has attempted to break through the resistance level near $62,700, but multiple rejections (indicated by red arrows) suggest that sellers are in control.
Trade Setup:
Sell Entry: Consider entering a short position if the price retests the resistance zone around $62,700 and shows rejection (bearish candlestick patterns or wicks). This is confirmed by the yellow circle on the chart, indicating potential price reversal.
Target Levels:
The immediate support level is identified near $62,000 (green zone). However, if this level is broken, the next target would be the $61,238 zone, marked by the dotted black line. This level represents a potential deeper correction.
Stop Loss:
Place a stop loss slightly above the resistance zone, around $62,800, to protect against potential upside breakouts.
BTCUSDT: Short term buying and selling strategy.Based on the BTCUSDT chart you provided, here’s a concise trading strategy:
Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity.
Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider entering a sell position upon seeing a bearish reversal signal. Set a stop-loss just above $68,000.
Take-Profit Target: Aim for a take-profit target around the $53,800 - $54,000 area, which is a significant support zone.
Risk/Reward: This strategy offers a reasonable risk-to-reward ratio, particularly as the price continues to move within a downtrend channel.
If the price breaks below the $53,800 support level, there could be further downside potential.
BTCUSDT : The uptrend channel is still in place.BTCUSDT has experienced a decline as it approached the resistance level of 64,500 USD. However, looking at the technical picture, the uptrend remains steady, with the parallel price channel still intact and no signs of reversal from the 34 and 89 EMA.
With these carefully analyzed factors, we should consider re-entering buy positions when the price hits the lower boundary of the channel.
That said, this is merely a trading idea, so exercise caution. If the price breaks the channel, it’s time to shift your strategy to sell with the trend.
Wishing you successful trades! And don’t forget to share your thoughts on this analysis below!
BTCUSDT: Buy in the short term.BTCUSDT is continuing its strong uptrend, currently trading around $63,590.
In the short term, the bullish momentum is clear, with the trendline, EMA, and other technical factors all supporting the buyers. Personally, I favor a buy strategy with a take-profit target at $65,000.
You can consider buying now or waiting for a price pullback to the trendline for a better entry.
Wishing you all successful trades and plenty of profits!
GOLD buy | Good Luck traders Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity in GOLD .
I still did my best and this is the most likely count for me at the moment.
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Patience is the If You Have Any Question, Feel Free To Ask 🤗