SPY/QQQ Plan Your Trade For Feb 4, 2025: Rally PatternToday's rally pattern will attempt to provide some relief related to the recent breakdown in the SPY. Overnight, the ES/NQ rallied to FILL THE GAP. So, today, I believe the SPY will attempt to rally back above 600-601, then stall out and consolidate.
Today may be a "GO GOLFING" day in the markets.
I would not advise anyone to get Uber-Long in the markets right now. My research suggests the markets will roll downward near the end of this week - seeking the DEEP-V bottom/base I've predicted near 2-10~2-13.
Gold and Silver should attempt another rally phase over the next 3 to 4 days. I expect metals to continue to rally into this expansion phase, and I'm initially targeting $3200 for gold.
Bitcoin is trapped in a big Excess Phase Peak pattern that I believe will resolve into a breakdown price trend.
The Deep-V and other breakdown patterns, which my cycle research says are pending, will drive Bitcoin downward, possibly targeting the $72k levels again.
Today may be a relatively FLAT type of Rally day. So, play cautiously.
Get some.
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Commodities
HelenP. I Gold will rebound up from support zone to $2830Hi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price started to grow near the trend line and soon reached the support level, which coincided with the support zone. Then Gold broke this level, some time traded near, and then fell to the trend line and continued to grow next. Price rose to 2758 points and then made a correction to the trend line and then it continued to move up and later reached support 1, which coincided with one more support zone. But Gold at once rebounded from this level and fell below the trend line, breaking it, after which it fell a little more and then turned around. Next, the price started to grow below the trend line and later Gold reached support 1 again, but this time it broke it with the support level. After this, XAU continued to move up between the trend line, so, I expect that XAUUSD will fall to the support zone and then it rebound up, higher than the trend line, breaking it. Next, I think, the price will continue to grow, so, I set my goal at 2830 points. If you like my analytics you may support me with your like/comment ❤️
Buy Market Order Idea Based on the charts you’ve provided, here’s a detailed trade idea using technical and fundamental analysis:
Analysis Summary:
• Technical Indicators:
• The daily, 15-minute, and 3-minute charts show a clear uptrend with higher highs and higher lows.
• MACD: All charts exhibit bullish momentum. On the daily, the MACD lines are well above the signal, confirming strong buying pressure.
• RSI: Daily RSI is near 72, indicating overbought conditions, but it hasn’t shown divergence or reversal signs yet. The 15-minute and 3-minute charts also show bullish readings.
• Key Resistance: Price is testing the 2825 zone, which might act as a psychological resistance.
• Trend Continuation: Given the bullish momentum across timeframes, a continuation to higher price levels is more likely.
• Fundamental Analysis:
• Gold prices are supported by possible macroeconomic uncertainties, demand for safe-haven assets, and central bank policies likely keeping interest rates stable or dovish.
• Inflation data and USD strength/weakness should be monitored.
Trade Idea (Long Position):
• Entry: 2828
• Stop Loss (SL): 2808
• Take Profit (TP): 2868
This setup gives a 2:1 Risk-Reward Ratio (RRR). The trade idea aligns with bullish market sentiment and technical confirmation, though caution is advised at the 2825 resistance level.
DeGRAM | GOLD growth has slowedGOLD is in an ascending channel above the trend lines.
On the 4H Timeframe, the indicators indicate the formation of a bearish divergence.
The growth of the chart has started to slow down.
We expect a decline.
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Waiting for buy confirmation above 2800. See below for analysisThe overall bottoming and rebounding trend of gold at the beginning of the week has undoubtedly laid a strong foundation for the bulls. It is understandable that the next step-back trend is bullish, but since the price fell after rising in the late trading and closed below 2820, I think it is necessary to make a short-term decline judgment on the intraday market trend.
From the current market, the daily chart shows three consecutive increases. The price at the beginning of the week effectively ran above the short-term moving average, and led the short-term moving average to rise. The Bollinger Bands opened upward as a whole. When other periodic indicators remain in a bullish arrangement, coupled with the upward movement of the macd indicator golden cross, it should be beneficial for the bulls to pull up in the short term, so the daily line is bullish as a whole.
In terms of 4 hours, the gold price fell after rising. The current price is still hovering above the short-term moving average, and the middle track of the Bollinger Bands also extends upward. Therefore, it can be judged that the short-term downward space of the gold price is limited. Although the macd indicator is golden cross, the upward potential is insufficient. Therefore, the overall 4-hour level can wait for the bulls to counterattack again after the decline adjustment.
For the lower support of gold, pay attention to the 2800 area. The movement above 2800 will help the bulls to test and break through 2830. If the bears take 2800, focus on the 2800-2795 area, which is the dense support area of the current technical pattern, so when the gold price approaches or touches it, you need to decisively arrange to buy.
For the upper resistance, pay attention to the vicinity of 2830. If the gold price stabilizes above 2808 during the day, the short position can only find an opportunity to participate when the resistance is touched for the first time, and be prepared for a long breakthrough at any time. If the gold price breaks the 2808 support first, then the possibility of breaking through 2830 during the day will be ruled out. At that time, it is necessary to arrange the short position at 2820 or above!
Key points:
First support: 2808, second support: 2800, third support: 2792
First resistance: 2823, second resistance: 2838, third resistance: 2850
Operation ideas:
BUY: 2802-2805, SL: 2793, TP: 2830-2840;
SELL: 2845-2848, SL: 2857, TP: 2810-2800;
XAU/USD : First LONG,then SHORT! (READ THE CAPTION)By analyzing the 1-hour gold chart, we can see that gold has now reached the $2808 - $2818 supply zone and is currently trading around $2810.
Given the liquidity gap created by the price surge from $2772 to $2811, I expect a price correction soon, but likely after one more bullish wave. If gold stabilizes above $2808, it could push higher towards the next targets at $2812, $2817.2, and $2820.
This analysis will be updated soon!
GASOLINE Huge rebound expected on the 1D MA50.Gasoline (RB1!) is on a corrective sequence in the past 2 weeks as it got rejected on the 1D MA200 (orange trend-line) and is about to test the 1D MA50 (blue trend-line) as Support.
Having a previously overbought 1D RSI (>70.00), this pull-back is similar to January 29 - February 02 2024. The buy signal will be given once the price breaks above the 1D MA200.
Since the previous fractal peaked marginally above the 0.786 Fibonacci retracement level, we will target this time marginally below it at 2.600.
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XAUUSD: 4/2 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2850, support below 2746
Four-hour resistance 2830, support below 2800
Gold operation suggestions: Yesterday, the technical side of gold first fell and then rose, ushering in a deep V reshuffle. The European gold price continued to rise and broke through and stood near the Asian session's falling breakthrough point of 2802. The US gold price accelerated its rise in one fell swoop, breaking through the high point of 2817 last Friday and reaching near 2830. After falling under pressure, the closing gold price was near 2813, forming a bottoming and rising trend. After the overall gold price completed the extreme retracement confirmation during the day, it formed a strong bullish rebound.
From the current four-hour analysis, today's lower support focuses on the 2800 integer mark. If it stabilizes at this position during the day, you can continue to buy and look bullish first. The upper short-term resistance focuses on the 2828-30 area. The short-term bullish strong dividing line focuses on the 2800 mark. Before the daily level falls below this position, continue to maintain the bullish pattern.
BUY:2790near SL:2785
BUY:2800near SL:2797
Technical analysis only provides trading direction!
Gold H1 | Approaching overlap supportGold (XAU/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 2,812.31 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 2,800.00 which is a level that lies underneath the 38.2% Fibonacci retracement level.
Take profit is at 2,847.42 which is a level that aligns with the 161.8% Fibonacci extension.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Silver H1 | Falling to overlap supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 31.29 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 31.06 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 31.97 which is a level that aligns with the 127.2% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAU/USD Analysis - Bullish OutlookGold breaks through the critical resistance level of 2817, signaling strong upward momentum and potential for further growth.
After successfully breaching the key psychological level of 2817, gold confirms a valid breakout, supported by robust fundamentals such as high inflation, global economic uncertainty, and a growing demand for safe-haven assets.
The previous resistance at 2817 now serves as a strong support level, indicating that prices are poised to climb toward new all-time highs. Market sentiment remains bullish, with investors favoring gold as a hedge against volatile monetary policies and geopolitical risks.
The Federal Reserve’s cautious stance on interest rate adjustments continues to enhance gold’s appeal. Moreover, recent pullbacks have been shallow, highlighting strong buying interest.
DeGRAM | GOLD will continue to growGOLD is in an ascending channel between the trend lines.
After reaching the upper resistance level, the chart went into correction and after reaching the lower channel boundary and 62% retracement level.
The price is moving from the support level, which coincides with the 62% retracement level, as well as from the lower trend line and the lower channel boundary.
We expect the growth to continue in the channel.
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SILVER Is Bullish! Long!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 31.579.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 33.065 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SILVER SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 30.622.
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"Gold Price Breaks Key Support: Potential Downside Ahead"This chart shows a potential bearish setup for gold, with a breakout below a key level. The price recently failed to sustain its move above a resistance zone and has started declining. The structure indicates a shift in momentum, with a possible move toward the lower trendline of the ascending channel. Key downside targets include the areas around 2799 and 2764, with stronger support near 2742. If the price remains below the broken level, further downside movement is likely. OANDA:XAUUSD
Silver Analysis by zForex Research TeamSilver Gains as U.S. Factory Growth and Market Deficit Support Prices
Silver rose above $31.5 per ounce, staying near its highest level since early December, as easing trade war fears and strong manufacturing data increased demand. While Trump imposed 10% tariffs on China and 25% on Canada and Mexico, a delay in Mexico’s tariffs reduced concerns over protectionist policies. The ISM reported improving U.S. factory activity, strengthening silver’s outlook as a key industrial metal. Meanwhile, the Silver Institute projected a fifth consecutive market deficit in 2025, driven by strong industrial demand and retail investment, outweighing weaker jewelry and silverware demand.
Technically, the first resistance level will be 31.80 level. In case of this level’s breach, the next levels to watch would be 32.50 and 32.90. On the downside, 30.90 will be the first support level. 30.20 and 29.30 are the next levels to observe if the first support level is breached.
Gold Nears Record as Investors Eye U.S.China Tariffs - NFP DataGold held above $2,810 per ounce on Tuesday, near its record high, as safe-haven demand stayed strong amid global trade uncertainties. Trump postponed tariffs on Mexico and Canada for a month after steps to address border security and drug trafficking, while 10% tariffs on China are still set for today. These tariffs could increase gold's appeal as an inflation hedge but might lead to higher interest rates, weighing on non-yielding gold. Investors are also focused on this week’s U.S. labor data, especially Friday’s nonfarm payrolls, for economic insights.
Technically, the first resistance level will be 2830 level. In case of this level’s breach, the next levels to watch would be 2858 and 2900. On the downside, 2760 will be the first support level. 2727 and 2710 are the next levels to monitor if the first support level is breached.
golden channel gold price are making higher highs with higher low and going rocket on trump trade war
lower trend line big support level
as long as price trading above lower white line it is bullish
if lower line breakdown then $2720 big support level
hawkish fed risk because tariff war has increased inflation expectation until it changes again on nfp on friday