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USD WEAKENS, GOLD RALLIES ON TRUMP'S INAUGURATION🌍 Market Overview: President Donald Trump’s inauguration today has drawn significant global attention. The USD continues to weaken amid concerns over new trade and fiscal policies. Gold reacted strongly, rising more than 0.3% to surpass $2,710/ounce. 🔸 Factors Driving Gold’s Rally: Weak USD: The DXY index dropped to a near two-month low, providing strong support for gold. Trump’s Policy Stance: Mixed expectations on the new fiscal and trade policies are fueling demand for safe-haven assets. Risk Sentiment: Investors are turning to gold to hedge against potential volatility during this political transition. 📊 XAUUSD Technical Analysis: Key Support Levels: $2,696 - $2,690: Serves as the nearest support zone in case of a correction. Key Resistance Levels: $2,723 - $2,725: A short-term target. $2,745 - $2,747: The next target if the bullish trend continues. $2,760 - $2,762 💡 Suggested Trading Strategy: BUY SCALP: 2712 - 2710 SL : 2706 TP : 2716 - 2720 - 2724 BUY ZONE: 2696 - 2694 SL : 2690 TP : 2700 - 2704 - 2710 - 2716 - ???? SELL SCALP: 2744 - 2746 SL : 2750 TP : 2740 - 2736 - 2730 - 2724 - ???? SELL ZONE: 2760 - 2762 SL : 2766 TP : 2755 - 2750 - 2745 - 2740 - ???? ⚠️ Reminder: Always set Take-Profit (TP) and Stop-Loss (SL) levels to protect your account and ensure safety in volatile markets. 🤔 What’s your view on gold’s movement this week? 👉 Follow me for more insights and to stay ahead of market trends with KevinNguyen-SimpleTrade! 🚀 👉 Leave a comment and follow for more updates from KevinNguyen-SimpleTrade! 🚀
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
USD/JPY Rebounds as JPY Weakens Amid Market OptimismThe Japanese Yen (JPY) weakened after reaching a one-month high against the US Dollar and remained steady during the first European trading session on Tuesday. A general positive sentiment in the stock markets turned out to be the main factor weakening the safe-haven JPY. This, along with a modest recovery of the US Dollar (USD) from its two-week lows, helped the USD/JPY pair rise back above the 155.00 level. However, any significant depreciation of JPY seems to be limited due to growing bets that the Bank of Japan (BoJ) will raise interest rates later this week. Furthermore, comments from US President Donald Trump on tariffs have sparked concerns about a trade war, along with declining US Treasury yields, which may help limit the losses for JPY. Traders may also choose to wait for the important two-day BoJ meeting starting on Thursday.
TFEX:USDJPY1!
by Brigi_ta
XAU#5: Next trading plan for XAU 💎 💎 💎 Plan#4 OANDA:XAUUSD above helps you make a profit. Please leave a comment and tag your friends to share. 💎 💎 💎 In the previous post. I noted to everyone that the price is in the support area and we can look for opportunities to establish a position. Currently, the price is running according to plan. I have summarized the things to pay attention to in the article below: 1️⃣ **Fundamental analysis:** 📊 The US dollar continues to fall after Trump's inauguration speech. A series of executive orders were signed. Highlights: Trump threatens to impose 25% tariffs on Mexico and Canada, gold rises near two-month high 🔴 Limited expectations: Some officials have emphasized that any tariffs will be implemented "in a controlled manner," but Trump's new statement has increased uncertainty. 📌 The market is in a state of fear due to Trump's decisions, which has been the main driver of gold's increase in recent times. 2️⃣ **Technical analysis:** 🔹 **Frame D:** The uptrend continues to be promoted. Yesterday ended with a pinbar, so today's price push is also suitable from a technical perspective. The price approached the resistance zone but the reaction was weak. Therefore, the possibility of prices continuing to increase in the near future is high 🔹 **Frame H4:** The key zone has been broken in the H4 frame. The price continuously tested support to break higher, showing stability in market sentiment. There are no signs of a trend reversal yet. 🔹 **H1 frame:** The price structure is very clear. Although it is in the trendline area, the reaction is insignificant. The strong increase in the Asian session brings many possibilities of a sudden change in the US session and expanding the price channel. 3️⃣ **Trading plan:** ⛔ Absolutely do not block SELL in this area. Going against the trend when the news and the price line are supporting each other can lead to large losses and make trading psychology unstable 🚀If you already have a BUY position in the support area I marked yesterday, we can completely expect a higher profit. If you do not have one, you can refer to the yellow arrow plan. 💪 **Wishing you successful trading!** 📌 For any questions, please contact directly. I am ready to answer you for free
OANDA:XAUUSD
by TonyL0ng
Gold's Looking Hot Gold's Looking Hot ❤️‍🔥 The way the price is behaving right now, it looks like it's gathering strength for another potential move up, though we might see some correction or consolidation first. Overall Market Context: The market structure is bullish on the 4-hour or on daily timeframe There's significant buy-side interest as visible on volume profile I can see Several liquidity pools likely exist below the recent swing lows so expecting some consolidation or correction(But not looking for sell ), After the pullback, if buyer momentum stays strong (which looks likely), we could see a push toward 2,760-2,780 (As marked on chart). The Current support is at the upward trendline Overall sentiment is clearly bullish and I am still holding buy entries on both Gold and Silver.
OANDA:XAUUSDLong
by TheGoldenCircle
Gold prices today, January 21: Unexpected sharp reversalGold prices have risen slightly due to a weaker USD as the market assesses the economic impact of President Trump’s policies following his inauguration. A Trump administration official stated that the president will issue a trade memorandum on his first day in office without imposing new tariffs. The price spread between futures and spot gold has widened recently as traders speculate on the impact of U.S. import tariffs. While gold is a hedge against inflation, Trump’s tariff policies could lead the Federal Reserve to maintain higher interest rates for a longer period, which would reduce the appeal of gold. However, dovish comments from Fed Governor Waller and reports about gradually applied tariffs have led traders to adjust their expectations, now predicting two rate cuts this year instead of just one. Gold is currently in an upward price channel and could continue to rise if it holds support at 2,693. From a technical analysis perspective, gold is currently in an upward price channel with clear upward waves. The new support level at 2,693 reinforces the bullish trend, and if gold holds above this level, it could continue to target higher levels. The next significant resistance is around 2,720 – 2,730, and if broken, gold could continue to rise sharply to 2,750. The Take Profit (TP) level could be set in the 2,750 – 2,760 range, while the Stop Loss (SL) should be placed around 2,680 – 2,690 to mitigate risk if the price reverses. If gold breaks the support level at 2,693, this could signal a reversal, and it is recommended to reconsider the strategy.
OANDA:XAUUSD
by Brigi_ta
1
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
Gold Trading Strategy for 21st January 2025 Gold Trading Strategy Buy Strategy: Condition: Wait for the 15-minute candle to close above 2715. Trigger: Buy when the price moves above the high of the 15-minute candle that closed above 2715. Targets: 2721, 2727, 2733 Stop-Loss: Set a stop-loss order below the low of the 15-minute candle that closed above 2715 to limit potential losses. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2721, another portion at 2727, and the remaining position at 2733. Sell Strategy: Condition: Wait for the 15-minute candle to close below 2694. Trigger: Sell when the price moves below the low of the 15-minute candle that closed below 2694. Targets: 2688, 2682, 2674 Stop-Loss: Set a stop-loss order above the high of the 15-minute candle that closed below 2694 to limit potential losses. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2688, another portion at 2682, and the remaining position at 2674. Risk Management: Position Sizing: Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital. Diversification: Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk. Discipline: Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions. Disclaimer: This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
OANDA:XAUUSD
by ramkkyy