Gold on the Rise: Is the Bullish Trend Back?Hello, passionate traders! What’s your take on gold?
Gold has returned to its record highs, regaining its bullish momentum. In the short term, it is gaining strength as it moves above the EMA 34 and 89, signaling further upside potential.
With a close analysis of today’s chart, combined with the current economic landscape, we continue to prioritize buying. The best strategy is to buy at marked support levels and enter after a confirmed breakout above resistance.
🚀 Wishing you all a successful and profitable trading session! 🚀
Commodities
GOLD Is Very Bullish! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,933.30.
Considering the today's price action, probabilities will be high to see a movement to 2,963.64.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Gold H1 | Falling to pullback supportGold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2,920.70 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 2,904.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 2,942.59 which is a swing-high resistance that aligns with the all-time high.
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XAUUSD (2H) - Strong Bullish TrendOANDA:XAUUSD
📶Technical Analysis:
🟢 Early February, the price tested the resistance zone at 2880.0, forming an all-time high. This level was retested twice before the strong breakout on February 10, pushing the price to a new all-time high around 2940.0.
🟢 After the new high, the market entered a correction phase, testing the support level at 2880.0 again. On February 12, the price revisited this zone, forming a strong bullish candle with a large lower shadow. This candle suggests a morning star pattern, a classic trend reversal signal, with buyers stepping in after the retracement.
🟢 The morning star pattern was followed by another bullish candle, confirming the potential reversal and support holding at 2880.0. This indicates that the market is likely to continue its bullish trend if the support level at 2880.0 holds.
🟠 The next critical level for XAUUSD is 2940.0. If the price fails to break above this resistance, a short-term reversal or sideways movement may occur. Watching for price action and candles around this level will be key for future trades.
🔤 Summary:
🟢 Support: 2880.0 (tested on February 12)
🔴 Resistance: 2940.0 (previous all-time high)
🟡 Given the bullish candle patterns and support holding at 2880.0, the trend appears to be strong, and a continuation higher could be expected. However, caution should be taken at the next level of resistance around 2940.0, where the previous high was formed
Gold price rally continues from resistance level 2934 !Hello everyone, today is the last trading session of the week, let's see how the gold price fluctuates!
⭐️Market Summary:
- Gold has broken the resistance level of 2919-2921 to form a continued uptrend in today's Asian trading session, and the resistance zone of 2919-2921 will be formed to create a new support zone here
- If we observe and trade on the H1 time frame, we can see the price increasing in a clear trend according to Dow theory.
Trading plan:
Wait for the price to consolidate above the resistance level and continue following the Buy wave
👨💻XAUUSD Buy zone 2931 - 2933
🔹SL 2929
🔹TP 2935 - 2937 - 2940
Wishing you all FULL TP ❤️❤️
Gold XAUUSD Possible Move 13.02.2025Market Analysis (XAU/USD)
Trend: The market appears to be in an overall uptrend with a recent pullback.
Support & Resistance:
Resistance Level: Around 2,940 (marked with a red horizontal line).
Support Levels: Key levels at 2,864 and 2,900 (marked in blue and pink).
Indicators:
Moving Averages & Bollinger Bands: The price is trading near the upper Bollinger Band, suggesting possible continuation or a short-term pullback.
Higher Lows Formation: The price is making a series of higher lows, which indicates bullish momentum.
Price Action:
A strong bullish move has been seen after bouncing from support at 2,864.
The price is currently consolidating near 2,917, which is a minor resistance zone.
Trade Signal:
Entry: Buy above 2,909.
Target: 2,930 - 2,940.
Stop Loss: Below 2,900.
Risk/Reward Ratio: Favorable bullish setup.
Signal: Buy (Bullish Setup)
Reason: Higher lows, price above moving averages, strong rejection from key support.
Confirmation: If the price breaks above 2,920, it could trigger further bullish momentum toward 2,940.
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Gold's Bear Trap—Ready for a Bullish Breakout?Today’s US inflation data came in hotter than expected, reinforcing concerns about persistent price pressures. Core CPI rose 0.4% (vs. 0.3% expected ), while headline CPI jumped 0.5% (vs. 0.3% expected ). Annual inflation also exceeded forecasts at 3.0%. In his speech , Fed Chair Powell signaled no urgency in cutting rates, further strengthening the US dollar ( TVC:DXY ).
According to the published US indexes , Gold ( OANDA:XAUUSD ) suddenly fell but started to rise again from the Support line and created a Bear Trap .
Educational Tip : Basically, after every Bull or Bear Trap , the market moves against the created Trap.
Gold is moving near the Support zone($2,889-$2,878) , 100_SMA(1-hour) and has managed to break the Resistance line , any pullback can be a good opportunity for us to take a Long position . Of course, you can enter the position in another way ( be sure to follow the capital management ).
According to Elliott's wave theory , Gold seems to have completed the Double Three Correction(WXY) . One of the signs of completion can be the breaking of the resistance line .
I expect Gold to attack the Resistance zone($2,915-$2,905) in the coming hours .
Note: If Gold breaks the Support zone($2,889-$2,878), we should expect more fall and break the support line. Especially if Gold goes below $2,863.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 15-minute time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed higher, breaking through resistance near 22,000. Although Trump held a press conference on tariffs, the market interpreted the grace period as a bullish signal, driving a breakout from the previous range with a strong bullish candlestick.
On the daily chart, the MACD remains in an upward trend, and since the index has broken out of its previous range, today’s strategy should focus on buying at the 3-day moving average, which aligns closely with the previous range high.
Today marks the weekly close, making the Retail Sales data release a crucial event. If price action sustains its bullish momentum, it will be important to check whether a weekly buy signal is confirmed on the closing price.
On the 240-minute chart, a buy signal has emerged, reinforcing the breakout above the range. Buying on dips remains the preferred strategy, but traders should stay mindful of potential volatility spikes around the Retail Sales report.
Crude Oil
Crude oil closed higher, bouncing off the $70 support level with a long lower wick. Despite this rebound, both the MACD and signal line remain below the zero line on the daily chart, indicating that selling pressure is still dominant. However, this area also represents a strong historical support zone, making buying on dips a favorable strategy.
As mentioned earlier this week, oil is forming a potential double-bottom pattern, which could provide further upside potential. The key trigger would be either a bullish MACD crossover near the zero line or a bearish continuation if the crossover fails, leading to a strong directional move.
On the 240-minute chart, price action has exhibited a false breakdown, followed by a bullish divergence, suggesting that a bottoming process is underway. Buying on pullbacks remains the most effective approach, but traders should be cautious with weekend risk, as Ukraine-Russia peace negotiations could bring unexpected developments.
Gold
Gold closed higher, digesting the PPI data while trading near previous highs. The key focus is whether gold is forming a double-top pattern at this level. The recent rally can largely be attributed to global inflation fears stemming from Trump’s tariff policies.
On the daily chart, the buy signal remains intact, but traders should be cautious, as a corrective pullback could emerge at any time. The MACD and signal line tend to converge naturally, so chasing momentum at current levels carries increased risk.
On the 240-minute chart, gold has bounced off the 2,900 support level, triggering a buy signal. However, there is now a wide divergence between price and MACD, meaning that even if gold breaks above previous highs, the MACD may fail to surpass its previous peak, potentially signaling a bearish divergence.
If a divergence forms and price pulls back, the correction could be sharp, as overbought conditions often lead to strong reversals. However, since the MACD and signal line remain well above the zero line, even a pullback is likely to find support, leading to a range-bound structure. The safest approach is to buy only at key support levels.
Today’s Retail Sales report could drive significant market volatility, particularly as it will influence the weekly close.
Always focus on the larger trend, manage risk effectively, and stay disciplined. Wishing you a successful trading day! 🚀
Today's strategy will only be provided until the end of this week. Thank you.
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 22000 / 21945 / 21900 / 21840
-Sell Levels: 22160 / 22240 / 22300 / 22360
Crude Oil - Range-bound Market(March)
-Buy Levels: 71.10 / 70.45 / 69.85
-Sell Levels: 71.85 / 72.55 / 73.00
GOLD - Bullish Market
-Buy Levels: 2945 / 2936 / 2930 / 2921
-Sell Levels: 2966 / 2974 / 2985
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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Gold is in an extremely strong setupWhile a weaker USD is the main driver pushing gold prices higher, this stems from two factors, including tariff concerns and January's Producer Price Index (PPI) report.
Anxiety continues to increase after US President Donald Trump's announcement of imposing reciprocal tariffs on countries that tax imports from the US. Besides, the US has just released the January PPI index, showing that producer prices increased by 0.4% this month.
"Gold is in an extremely strong setup. As the USD strengthens, we are seeing a surge in gold buying from Asia, including central banks, retail investors, and financial funds."
Will Geopolitical and Trade War Uncertainty boost GOLD?GOLD now seen climbs to it's last ATH. Technically, GOLD just made a minor wave and stopped just at 38.2 fibonacci TF H1. I see GOLD still high chance to reach it's last ATH and still have rooms to make a new ATH again.
Current geopolitical and trade war sentiment just boost gold. Traders also can check dollar index which move lower amid strong inflation data. This show us that 'big whale' have some worries on current uncertainty.
I just take buy chance at 2925 and see 2940 as take profit target with a narrow stop loss at 2921,80. Please do your research guys before entry to market because GOLD could be more volatile.
Profit taking action, GOLD decreased significantlyOANDA:XAUUSD fell significantly as investors took profits after hitting record highs, but remained optimistic as US President Donald Trump's new tariffs raised fears of a global trade war.
Trump has sharply increased tariffs on steel and aluminum imports to 25% with "no exceptions or exemptions," a move he hopes will help struggling U.S. industries but could also spark a trade war on multiple fronts.
Traders will need to keep an eye on US inflation data today (Wednesday) for fresh clues on the outlook for interest rates in the world's largest economy.
Federal Reserve Chairman Jerome Powell said the central bank is in no rush to cut interest rates because the economy is "strong overall" and inflation remains above its 2% target.
Powell's comments were part of an opening statement he prepared for a Senate Banking Committee hearing.
Inflation data is in focus this trading day, and higher-than-expected inflation data could extend the Fed's pause on interest rate hikes, which could lead to a slowdown in gold's performance in the short term.
The impact is also reversed if inflation data is lower than expected, which further boosts market sentiment about the possibility of the Fed cutting interest rates next quarter.
Gold is considered a hedge against inflation, but higher interest rates will reduce the appeal of this non-yielding asset.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold corrected sharply but in general the position and technical structure still support the possibility of price increases. While the trend from the short-term price channel remains stable and the Relative Strength Index has not provided a clear bearish signal.
At the same time, the support levels from the 0.382% and 0.236% Fibonacci extension positions are also slowing down the correction momentum. As long as gold remains within the price channel, the short-term technical outlook remains bullish.
The current downward corrections should be seen as an opportunity to buy. Notable locations will be listed as follows.
Support: 2,881 – 2,869USD
Resistance: 2,900 – 2,909USD
SELL XAUUSD PRICE 2931 - 2929⚡️
↠↠ Stoploss 2935
→Take Profit 1 2923
↨
→Take Profit 2 2917
BUY XAUUSD PRICE 2859 - 2861⚡️
↠↠ Stoploss 2855
→Take Profit 1 2867
↨
→Take Profit 2 2873
GOLD rises above $2,900 with further upside targetsUS President Donald Trump vowed to impose "retaliatory tariffs" on all countries that impose duties on US imports as early as Wednesday evening (February 12) local time, raising concerns about the expansion of the global trade war and possibly accelerating US inflation. This is beneficial for gold to recover quickly.
Trump's latest round of tariffs unsettled markets comes just as Indian Prime Minister Narendra Modi prepares to visit the White House on Thursday. The Trump administration has complained that India's high tariffs have hindered U.S. imports.
Economists generally view tariffs as an inflation risk, with data released Wednesday showing U.S. consumer prices rose the most in nearly a year and a half in January.
OANDA:XAUUSD jumped $45 from Wednesday's low
After the release of stronger-than-expected US CPI data on Wednesday, spot gold prices fell sharply to $2,864 per ounce in early New York trading on Wednesday.
The U.S. Bureau of Labor Statistics reported Wednesday that the U.S. Consumer Price Index (CPI) rose 0.5% month-on-month and 3.0% year-over-year in January. Economists surveyed by Dow Jones expected the data to rise 0.3% month-on-month and 2.9% year-over-year.
Excluding volatile food and energy prices, core CPI rose 0.4% month-on-month and 3.3% year-on-year in January, while economists expected increases of 0.3% and 3.1%, respectively.
Economists have generally raised their inflation forecasts since Trump was elected out of concern that his policies, especially tariffs, could spark price pressures in the economy.
Gold is considered an inflation hedge, but because gold does not earn interest, a higher interest rate environment reduces its investment appeal.
However, fueled by safe-haven demand, gold prices have recovered strongly from lows. During the New York trading session on Wednesday, gold prices jumped above the original price of 2,900 USD and as of the time this article was completed it was trading at around 2,909 USD/ounce, up 45 Dollars compared to the level from yesterday's trading day.
Central banks' gold demand has increased as the World Gold Council (WGC) reported that central banks bought more than 1,000 tons of gold for the third consecutive year in 2024. According to the World Gold Council, central banks' gold purchases increased more than 54% year-on-year to 333 tons after Trump won the election.
Gold's recent rally has come alongside an influx of money into exchange-traded funds (ETFs) backed by the metal. According to Bloomberg calculations, global gold ETFs have grown more than 1% this year, reaching their highest level since November last year.
Technically on the daily chart, after OANDA:XAUUSD took support from the Fibonacci extension confluence with the upper edge of the price channel, it quickly recovered above the original price point of 2,900 USD. This was noted to readers in yesterday's edition.
Given its current position, it has room to continue rising with a target of around $2,927 in the short term, more than $2,952.
As long as gold remains within the price channel, the short-term uptrend will still prevail, while the Relative Strength Index has not shown any clear signs of a potential correction.
During the day, gold's uptrend will be noted again by the following technical levels.
Support: 2,900 – 2,891 – 2,869USD
Resistance: 2,927 – 2,952USD
SELL XAUUSD PRICE 2931 - 2929⚡️
↠↠ Stoploss 2935
→Take Profit 1 2923
↨
→Take Profit 2 2917
BUY XAUUSD PRICE 2878 - 2880⚡️
↠↠ Stoploss 2874
→Take Profit 1 2886
↨
→Take Profit 2 2892
Will increasing inflation accelerate XAGUSD price more?
With the looming threat of an inflation rebound, demand for both gold and silver is skyrocketing, propelling the prices up. The Trump administration's continued threat of tariffs, along with the US CPI rising to 3.0% YoY (prev. 2.9%, cons. 2.9%) in Jan, has increased demand for inflation hedges. Meanwhile, rising pressure on gold prices, which have reached all-time highs, may drive additional capital flows into XAGUSD. Furthermore, ongoing uncertainty in trade dynamics is poised to bolster silver prices further.
XAGUSD sustains its uptrend, testing the resistance at 32.50. Both EMAs widen the gap, expanding their bullish momentum. If XAGUSD breaches above 32.50, the price could gain upward momentum toward the next resistance at 33.50. Conversely, if XAGUSD breaks below EMA21, the price may fall further to the support at 31.00.
Trade Idea : XAUUSD LONG ( BUY LIMIT )Technical Analysis:
1. Daily Chart: Strong bullish momentum with price breaking above previous resistance, supported by a high RSI (78.15), indicating overbought conditions but with continued buying pressure. MACD is bullish, with increasing histogram bars showing strong upward momentum.
2. 15-Minute Chart: Clear uptrend with higher highs and higher lows. RSI at 58.75 suggests room for further upside before overbought conditions. MACD is positive, confirming bullish momentum.
3. 3-Minute Chart: Short-term consolidation after a strong upward move. RSI at 37.14 suggests a potential pullback before continuation. MACD shows slight weakening but no bearish crossover yet.
Fundamental Analysis:
• Gold’s bullish momentum is likely fueled by safe-haven demand due to global economic uncertainties or potential dovish central bank policies.
• No immediate signs of reversal in the larger timeframes, supporting a continuation of the uptrend.
Trade Idea: Long Position
• Entry: 2917.00 (Near short-term support from the 3-minute consolidation zone)
• Stop Loss: 2906.00 (Below recent support and the psychological level of 2906.00)
• Take Profit: 2940.00 (2:1 Risk-Reward Ratio, aligned with the next resistance level on the Daily chart)
Rationale:
• Entering at 2917.00 provides a good risk-to-reward ratio with a protective stop below key support.
• The overall trend is bullish across all timeframes, and the 3-minute chart’s consolidation suggests a continuation of the uptrend.
FUSIONMARKETS:XAUUSD
idea for trading gold for fridayfor bullish idea: closing a strong body candle above 2936 in 15 min time frame will get gold to reach 2939,2942,2946 and 2950
for bearish idea: closing a strong body candle below 2918 in 15 min time frame will get gold to reach 2915,2910 and 2908
this is not a financial advice
GOLD WILL HIT RESISTANCE SOON|SHORT|
✅GOLD will be retesting a resistance level soon at 2942$
Which is an all-time-high
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
High grade copper HG looking bullsihCopper traded on the COMEX looks bullish.
Currently at 3.20 per pound, the chart shows an Eve and Adam bottom forming between 2015 and now. The expected target of this move would be 4.70 which would put the market five cents above its old high set in Feb 2011 of 4.65.
From 4.65 I would expect the market to revisit the 3.30-3.60 region to make a strong bottom for a longer term ascent.
Looking back further on the copper chart, there is a longer term Adam and Eve bottom forming starting in Dec 2008 to present. The target would be 7.365 based off of this longer term pattern.
If copper were to trade up to 4.70 area and come back down to 3.50 area, it would also present an opportunity for an ascending triangle to form with the same target, 7.365, as the Adam and Eve pattern.
With a weakening dollar, look to copper for guidance on inflation going forward.
GBPJPY | 15M | SELL LIMIT ORDER Don't forget to press like if you want to receive updates of this analysis. 🚀
SIGNAL ALERT
SELL LIMIT ORDER - GBPJPY ( OANDA:GBPJPY ) | 193,450 OR 192,146
🟢TP1: 192,000
🟢TP2: 191,840
🟢TP3: 190,753
🔴SL: 193,559
RISK REWARD - 1,51
Thanks to everyone who supports my analysis with likes.🫡
Copper (XCU) Bullish Pullback: Buy the Dip!Copper (XCU) remains bullish, with a retracement offering a buy opportunity at the 0.5 or 0.618 Fibonacci levels—if no divergence forms. Watch for bullish confirmation signals and set stop-losses below 0.618 or recent lows. If divergence appears, exit or avoid new positions. Upside targets: previous highs and Fibonacci extensions (1.272 or 1.618).