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Limited Upside Potential Ahead of Trump's InaugurationGold prices reversed their Asian session decline on Monday as the US dollar weakened slightly. Expectations that the Fed may pause its rate-cutting cycle could limit the upward momentum of XAU/USD amidst a positive risk sentiment. Traders are now focusing on President-elect Donald Trump's inauguration speech for new market drivers. The short-term technical outlook suggests that gold may continue its downward trend before new buying interest emerges at lower levels. Based on the technical chart, the current challenge for gold is the resistance level at 2721. If gold fails to break this level, it is likely to reverse and test the previous support at 2660. Stop Loss and Target: Stop Loss (SELL): 2725 Take Profit (SELL): 2660 Stop Loss (BUY): 2675 Take Profit (BUY): 2720 Be cautious and good luck with your trading!
OANDA:XAUUSD
by Brigi_ta
1
**XAU#4: Gold begins to correct. Summary of possible scenarios!!💎 💎 💎 Plan ahead to help you make a profit. Leave a comment and tag your friends to share. 💎 💎 💎 🔥In the previous analysis, we planned for a downward correction. Currently, OANDA:XAUUSD the price is at the 269x support area. I will continue to plan the transaction for you:🔥 1️⃣ **Fundamental analysis:** 📊 Donald Trump was sworn in as President of the United States today. Financial markets face risks from trade policy and geopolitics: Although tariffs have not been imposed immediately, analysts warn that the risk of trade wars and increased geopolitical tensions under Trump will be a major disadvantage for the market. 🔴 Everyone is cautiously waiting for specific executive orders from Trump to assess the impact on the global economy and financial markets. 📌 Gold SPDR ETF is still buying. 2️⃣ **Technical analysis:** 🔹 **Frame D:** The uptrend has not been broken. The price reacted to the resistance area, but you can see that the selling force this time is completely different from the previous 2 times. 🔹 **Frame H4:** The bullish price structure remains intact. What needs to be noted here is that KEYLEVER has not been broken. 🔹 **Frame H1:** The correction confirmation has been clearly indicated in the knowledge article. That is the reward for those who are willing to improve their trading knowledge. Currently, the price has found the support area and reacted. We will look for opportunities together. However, please note that the price structure is still increasing. 3️⃣ **Trading plan:** Surely everyone's common question is whether to buy or sell. My point of view is to trade in line with the main trend, so I will give you a perspective for your reference ⛔ If you do not have a good position. We should not SELL in this area. The main trend and price structure are still supporting BUY. If you have made a profit in the recent correction, you should not be greedy when taking risks in this area. The main trend can return at any time ✅🚀 Waiting for an uptrend structure to find a position in line with the main trend is a wise choice at this time. I have marked the plan in the H1 frame so that you can better understand the idea. 💪 **Wish you successful trading!** 📌 For any questions, please contact directly. I am ready to answer you for free
OANDA:XAUUSD
by TonyL0ng
XAU#3: Gold Rises and Trading Plan💎 💎 💎 Plan ahead to help you make a profit. Leave a comment and tag your friends to share. 💎 💎 💎 Today I will continue to bring everyone a perspective on XAU and the next trading plan. 1️⃣ **Fundamental analysis:** 📊 🔴 US inflation accelerated in December and the Fed is facing a new challenge. This increases risk sentiment for the market. ▫️ In addition, some analysts are pointing out that Trump's job cut plan could push the unemployment rate up. The US economy faces more risks, causing money to flow into secured assets such as: Gold, BTC .... 2️⃣ **Technical Analysis:** 🔹 **D Frame:** Yesterday's closing showed a strong increase in gold after the announcement of the inflation index. The price will continue to find the resistance area above. 🔹 **H4 Frame:** The bullish price structure remains intact. 🔹 **H1 Frame:** The price has completely broken through the resistance area of ​​269x. The next target will be the area of ​​2725~2752 3️⃣ **Trading Plan:** Thanks to the previous plan, we have made a small profit. You can see that planning in advance gives us an overview and shapes our trading psychology ⛔ **Absolutely do not SELL** at the present time, when the price structure shows an upward trend in both the short and long term ✅** If you want to BUY in the right direction to make a profit**, we can completely wait until the price returns to the support zone below as I have drawn on the chart. Or if you cannot be patient, remember that you should trade with a small volume and accept that you will lose that amount of money 📌 For any questions, please contact us directly. I am ready to answer you for free 💪 **Wish you successful trading!** 🚀
OANDA:XAUUSD
by TonyL0ng
Gold: if this.... then that Current Price Structure: There's a clear upward trendline forming from the November low The market has formed a significant support zone (marked in green) around 2636-2640 A resistance zone (marked in red) exists around 2710-2720 level Current price is showing bullish momentum at 2698 Multiple liquidity levels have been created above recent highs The market has been making higher lows and higher highs, indicating bullish control Potential Scenarios: Primary target seems will be R1 at 2720.005 If price breaks above R1 , next targets will be R2 (2750.635) and R3 (2803.320) Support levels to watch: S1 (2636.690), S2 (2584.005), S3 (2553.375) The bullish structure remains valid as long as price stays above the upward trendline
OANDA:XAUUSDLong
by TheGoldenCircle
Gold Current PA before NFPCurrent PA on H1 showing bullish trend with consistent higher highs and higher lows. The ascending trendline acts as dynamic support, holding the structure intact. The price has broken above pivot R1 level and is now sustaining above it, indicating a good strength on this time frame by buyers The price is moving in impulsive waves (blue zigzag lines), showing controlled corrections before resuming the primary trend. Liquidity is likely building below the ascending trendline. If the price breaks this trendline, it could indicate a sweep of liquidity before continuing upward or can lead to correction if price breakdown this support trend line. above this buyers are in control . on bigger picture price is consolidating inside a Triangle and the direction is not clear on daily right now . today we have NFP and Unemployment data which can act as main driver for next move
OANDA:XAUUSD
by TheGoldenCircle
3
Gold PA Check: Bulls Taking a break Near 2,670 The price is hovering around 2,671, and , it seems like price is playing a bit of a waiting game here. We've got this nice upward trend (Short rally but still looking good) since late December, which is encouraging for the bulls, but we're seeing some hesitation at current levels. For Intra day, I'd keep a close eye on that 2,680 level - if we break above that with decent volume, we could see a nice move up. But here's the thing - the volume's been pretty average lately, nothing too exciting, which suggests people might be waiting for a clearer signal maybe waiting for CPI data today. For Swing/ longer-term positions, the setup actually looks quite healthy to till time. We're making higher lows, which is always good to see, and that support around 2,630-40 seems pretty solid. The big test will be whether we can push through that 2,700-2,720 zone - that's where things could get interesting. One thing I particularly like is how the price is respecting that pivot level at 2,667. It's acting like a nice reference point for current PA. The market's in a bit of a consolidation phase right now for Intra day - so if you're planning any trades, you might want to wait for a clear breakout with volume confirmation rather than trying to force anything in this choppy action. Key risk level: Below S1 (2,636) would invalidate bullish bias for Intra day and for Swing .
OANDA:XAUUSDLong
by TheGoldenCircle
GOLD STORY #2: Things to watch out for when Gold corrects In the past 24 hours, the price of gold (XAU/USD) has dropped to $2,657/ounce, let's review the trading plan 🔎 1/ Fundamental Analysis 🔴 Global economy and market sentiment: • Rising DXY Index: The DXY Index, which measures the strength of the USD against a basket of major currencies, crossed the 110.00 mark for the first time since November 2023. A rising USD usually puts downward pressure on gold prices, as USD-denominated gold becomes more expensive for investors holding other currencies. • Positive US economic data: The latest jobs report showed positive Non-Farm Payrolls figures, reducing expectations that the US Federal Reserve (Fed) will cut interest rates, thereby supporting the USD and putting pressure on gold prices. 📊 2/ Technical Analysis 🔵 Looking at the H4 chart, you can see that the price is at the important support zone of 266x 🔵 The price structure of H4 and H1 has changed when Keylever 2664 has been broken 🔵 Looking at the H1 price channel, you can see that the price line shows that the sellers are still strong, the price trend is likely to find the support zone below at 265x 📈 3/ Trading Plan 🟢 BUY: We have to wait for a clearer price structure at the current support zone. Do not rush to place orders when yesterday's selling momentum has not been fully absorbed. Our buy plan will be based on the price structure I drew on the chart plan. 🔴 SELL • If you currently have a good position at the resistance zone above, we can consider taking some profits and waiting for a better profit at the next support zone 261x~263x. Or: wait for price reaction at the current support zone to establish a position 🐂 Which side are you on – BULL or BEAR? 🐻 💬 Leave a comment and discuss with the community!
FX:XAUUSD
by TonyL0ng
Silver's Ready to Shine? The Silver showing good bullish sentiment as the price has shown resilience by bouncing off significant support and breaking through resistance levels. Expecting a move towards 34.0000 is is possible if buyers defend 29-30 level on daily TF, especially if the price can maintain above the recent highs and continue to show higher volume on upward movements. The price has recently moved through a liquidity zone around 30.51025, suggesting that smart money might have taken advantage of this area to initiate trades, pushing the price higher. The volume at the recent low was significantly higher , indicating strong buying pressure at this level, which is positive for a bullish outlook. So i think it is good idea to consider a swing buy at current price level i.e., around 30-30.35 area for the target of 34,40 and 50.
OANDA:XAGUSDLong
by TheGoldenCircle
Spandana Spoorty Fin Ltd view for Intraday 10th Jan #SPANDANA Spandana Spoorty Fin Ltd view for Intraday 10th Jan #SPANDANA Resistance 480 Watching above 481 for upside movement... Support area 475 Below 475 ignoring upside momentum for intraday Support 475 Watching below 474 or downside movement... Resistance area 480 Above 480 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:SPANDANALong
by EmpireCrown
Gold on the EdgeThe price is trading within converging trendlines, forming a symmetrical triangle. This indicates a phase of consolidation and decreasing volatility, suggesting a potential breakout soon. The current price is near the midpoint of the triangle and seems like forming double top on H4, with potential to retest support. Momentum seems neutral, awaiting a trigger for a directional move. Liquidity will likely be taken from one side (most probably from the support trendline) before the real move occurs till then we can consider the sideways market and we can plan our trade accordingly for Intra day.
OANDA:XAUUSD
by TheGoldenCircle
Gold Price Forecast: Liquidity Grab Likely Before Rally to New HThe price seems to be consolidating within the ascending triangle, Price is testing the confluence of the descending trendline and the 61.8% Fibonacci retracement level. This area has historically acted as a rejection zone. Price is likely to reject this level and push downward to sweep liquidity below recent swing lows near 2,600 or 2585 area. After liquidity is swept, price could form a spring (Wyckoff reaccumulation) and provide a strong buy signal which can push price towards 2800. (Expecting a pullback but this does not mean that I want to short gold, I am still waiting for a good buy area, if gold deliver this kind of move then that will be a good setup for swing buy)
OANDA:XAUUSDLong
by TheGoldenCircle
EUR/AUD 4-Hour Chart AnalysisKey Observations: 1. Support Zone: - The price is currently retesting a key support zone around 1.6540–1.6565, which previously acted as a demand zone. 2. Trendline Break: - The uptrend has been invalidated with the break of the ascending trendline, suggesting a potential shift in momentum to neutral or bearish. 3. Key Levels: - Resistance Above: Potential resistance can be seen near 1.6650–1.6700, in case of a bullish retracement. - Support Below: - 1.6359 (first support level). - 1.6199 (major support). - 1.6018 (long-term support zone). 4. Possible Price Movements: - A bullish rebound from the current support zone or a bearish continuation if the price breaks below it. --- Trading Scenarios: 1. Bullish Rebound: - If the price holds above the 1.6540–1.6565 zone, it may attempt a recovery toward the previous highs. - Entry: Above 1.6570 - Targets: 1.6650, 1.6700. - Stop-Loss: Below 1.6530. 2. Bearish Breakdown: - A decisive break below 1.6540 may open further downside toward the lower support levels. - Entry: Below 1.6530. - Targets: 1.6359, 1.6199, 1.6018. - Stop-Loss: Above 1.6570. --- - Wait for clear confirmation (e.g., a strong candle close) before entering a trade to avoid false breakouts. - Use proper risk management with clearly defined stop-loss and take-profit levels. --- **Disclaimer**: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Short
by PhD_Swingtrader
EUR/NZD 4-Hour Chart AnalysisKey Observations: 1. Support Zone: - The price is currently testing a key support zone around 1.82880–1.83160. 2. Uptrend Break: - The ascending trendline has been broken, indicating a potential shift in momentum from bullish to neutral/bearish. 3. Trading Ranges: - Resistance Above: Potential resistance is visible near 1.8450–1.8500, in case of a bullish recovery. - Support Below: If the price breaks below the current support, the next levels to watch are: - 1.8143 (intermediate support). - 1.7986 (major support). - 1.7806 (long-term support). --- Trading Scenarios: 1. Bullish Continuation: - If the price holds above 1.8315, a bounce toward the previous highs near **1.8450–1.8500** is possible. - Entry: Above 1.8350. - Targets: 1.8450, 1.8500. - Stop-Loss: Below 1.8300. 2. Bearish Breakdown: - If the price closes decisively below 1.8315, it could trigger further downside toward 1.8143 and possibly lower. - Entry: Below 1.8300 (watch for retest). - Targets: 1.8143, 1.7986, 1.7806. - Stop-Loss: Above 1.8350. --- - Be cautious of false breakouts and wait for confirmation (such as a strong candle close) before entering trades. - Use proper risk management with defined stop-loss and target levels. --- Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Short
by PhD_Swingtrader
Gold Price Action Key Points Gold Price Action Key Points Small bodied candles at current levels indicating indecision Previous strong green candles with good bodies showing buyer conviction Recent red candles haven't created significantly lower lows, suggesting controlled selling Key breakout level above: 2,671 Critical support zone: 2,633-2,640,This is currently acting as a solid floor and has been tested multiple times recently Volume Analysis: Increasing volume on upward movements Lower volume on pullbacks, suggesting less selling pressure Overall : The price action suggests a bullish bias with controlled pullbacks and strong support levels and The overall structure remains bullish as long as price stays above the marked support zone , On breakdown the support we have to wait for confirmation from lower levels on breakdown 2,602 ( S1) - This could act as a secondary support if we see a pullback.
OANDA:XAUUSDLong
by TheGoldenCircle
Gold Trading Strategy for 6th January 2025Gold Trading Strategy Key Levels: Buy Above: The high of the 1-hour candle that closes above 2648 Sell Below: The low of the 15-minute candle that closes below 2631 Targets: Upside Targets: 2655, 2665, 2680 Downside Targets: 2632, 2616, 2609 Strategy Details: Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2648, aiming for targets of 2655, 2665, and 2680. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2631, aiming for targets of 2632, 2616, and 2609. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. Disclaimer: This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
GBP/JPY 15-Minute Chart AnalysisKey Observations: 1. Descending Trendline Break: - The price has broken above a descending trendline, signaling a potential bullish reversal. 2. Demand Zone: - The price found support near the highlighted demand zone 196.430–196.600. 3. Bullish Setup: - A long trade setup is active, with stop-loss set below 196.168 (extended stop-loss at 195.782) and multiple take-profit targets: - Target 1: 197.271 - Target 2: 198.063 - Target 3: 198.815 --- Trading Scenarios: 1. Bullish Continuation: - If the price sustains above 196.600, it is likely to move toward 197.271. Breaking this resistance level could lead to further upward momentum targeting 198.063 and eventually 198.815. 2. Invalidation of Bullish Setup: - If the price falls below 196.168, the bullish setup will be invalidated, and the pair might retest the previous low near 195.782. --- Trading Plan: - Entry (Buy): Above 196.750, targeting 197.271 (first target) and 198.063 (second target) and 198.815 (third target). - Stop-Loss: Below 196.168 for standard risk or 195.782 for extended risk. --- Stay disciplined with risk management and watch for any signs of rejection near resistance levels. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Long
by PhD_Swingtrader
AUD/NZD 15-Minute Chart AnalysisKey Observations: 1. Trendline Break: - The price broke below the ascending trendline, signaling a potential bearish shift in momentum. 2. Resistance Zone: - The price is trading below the highlighted resistance zone (1.10560–1.10600) and retested it, confirming it as a potential supply area. 3. Bearish Setup: - A short trade setup is active, with the stop-loss placed above 1.10755 and take-profit targets at key support levels near 1.10446,1.10314 and 1.10025. --- Trading Scenarios: 1. Bearish Continuation: - If the price breaks below the first target level (1.10446), it could head toward the next support zone at 1.10314. - A sustained bearish momentum could even target 1.10025. 2. Invalidation of Bearish Setup: - If the price closes strongly above 1.10755, the bearish setup will likely be invalidated, and the trend could turn bullish. --- Trading Plan: - Entry (Sell): Below 1.10560 - Targets: 1.10445, 1.10315 and 1.10025. - Stop-Loss: Above 1.10755 --- Patience and disciplined risk management are essential for this trade. Ensure to monitor momentum closely. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Short
by PhD_Swingtrader
USD/JPY 15-Minute Chart AnalysisKey Observations: 1. Trendline Break: - The price broke the ascending trendline, indicating a potential shift in momentum. 2. Support Zone: - The price is hovering around a key support area (156.500–156.650). If this zone fails, we could see further downside movement. 3. Bearish Setup: - A bearish view can be taken with the stop-loss around 156.900 to 156.940 and the target near 154.03. - This gives a favorable risk-to-reward ratio if the setup plays out. --- Trading Scenarios: 1. Bearish Continuation: - If the price breaks below 156.500, it could confirm the bearish move towards 154.03. - Watch for bearish momentum and volume to support the move. 2. Rejection and Reversal: - If the support zone holds, the price might retest the resistance near 156.940 or higher, invalidating the bearish setup. --- Patience is key here; wait for clear confirmation of the breakout or rejection. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly. Happy Trading
Short
by PhD_Swingtrader
AUDCAD 1-Hour Chart AnalysisOn this chart, AUD/CAD is displaying signs of potential support in the green zone. A downtrend line is evident, but the price has tested this trendline multiple times. Key Levels: Support Zone: Around 0.90800, which could serve as a foundation for a reversal if buyers step in here. Resistance Levels (Targets): Target 1: 0.91790 Target 2: 0.92025 Target 3: 0.92380 Target 4: 0.92700 Stop-Loss: 0.90680, just below the support zone to manage risk in case of a bearish continuation. Potential Scenario: Bullish Reversal: If price action breaks above the descending trendline, there is a possibility of a bullish move towards the first target at 0.91790. The break above would signal a reversal from the downtrend, potentially aiming for higher targets. Bearish Continuation: If the price fails to hold above the support at 0.90800, it may continue downward, hitting the stop-loss level at 0.90680. This could provide a shorting opportunity. This setup could be ideal for a trend reversal trade, focusing on breaking resistance levels and progressively moving toward the higher targets. Be sure to monitor for confirmation before entering, as this could avoid potential false breakouts. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
Long
by PhD_Swingtrader
USD/JPY 15-Minute Chart AnalysisKey Observations: 1. Trendline Break: - A potential break below the upward trendline indicates bearish momentum. 2. Supply Zone: - The price is trading within a highlighted supply zone. 3. Short Trade Setup: - A short position will be active after breakdown, with the following targets and stop-loss: - Stop-Loss: Above 157.440 - Target 1: 156.76 - Target 2: 156.493 - Target 3: 156.100 --- Trading Scenarios: 1. Bearish Continuation: - If the price sustains below 157.030, bearish momentum is likely to accelerate toward 156.100. 2. Invalidation of Bearish Setup: - A move above 157.6 would invalidate this bearish setup, signaling a potential bullish reversal. --- Trading Plan: - Entry (Sell): Below 157.030, targeting 156.810, 156.500, and 156.090. - **Stop-Loss**: Above **157.436**. --- This trade setup is in line with bearish market structure, but closely monitor price action around support levels and trailing stop-loss adjustments as the trade progresses. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Short
by PhD_Swingtrader
Gold Technical Analysis: Shift in Market Structure?The price has indeed moved up significantly and is now testing a key resistance zone around 2655-2672 (Fib Golden Zone), yesterdays upward movement has been steady and consistent,Price has successfully broken above the previous resistance(2635-39) which is now a support area, also there's a notable increase in volume on the recent upward move, price has maintained higher lows and higher highs in the short term, However, We're approaching the 0.618 Fibonacci resistance level,The price is at the upper range of the recent consolidation zone and price is now trading the weekly R2 level so to initiate buy we have to wait for pullback for a possible re test of support area and on rejection we can plan the buy . The original downside target of 2536-50 will be considered invalid unless price breaks back below 2638 with significant volume. Key invalidation level for bulls: A close below 2638 on H4 that can drag the price in previous consolidation area.
OANDA:XAUUSD
by TheGoldenCircle