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World gold price increased slightly after CPIGold prices rose sharply on the back of a fresh US inflation report that showed the pace of growth was not too hot. Key US economic data released recently showed that the consumer price index (CPI) in December rose 2.9% year-on-year, in line with market expectations, compared to a 2.7% increase in the November report. The core CPI (excluding food and energy prices) rose slightly more than expected, rising just 0.2% compared to a forecast of 0.3% month-on-month. US stock indexes are expected to open sharply higher in New York trading, supported by more moderate US inflation data. In overnight news, the Japanese yen rose sharply on fresh speculation that the Bank of Japan will raise interest rates at its monetary policy meeting later next week. UK consumer prices came in slightly below market expectations, raising hopes of a resumption of rate cuts when the Bank of England meets early next month.
OANDA:XAUUSDShort
by FalCol_TradingMaster
1
Hellena | GOLD (4H): Long to area of 2726.976.Friends, it's been pretty hard lately to draw waves on a gold chart and I realize that not everyone likes it, but I'm trying to be objective. The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete. I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”. But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry. In both cases I expect to reach the area of 2726.976. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
8
Natural Gas Futures (4H) - ABCD Pattern Analysis and PRZ Levels"In this analysis of Natural Gas Futures (4H timeframe), we identify a bullish ABCD pattern that projects a Potential Reversal Zone (PRZ) around 394.5-395. Key highlights include: ABCD Pattern: The 1.618 Fibonacci extension from the BC leg aligns with the PRZ. Current Price Action: Natural Gas is trading around 368.6, indicating a strong upward momentum. Key Levels: Resistance at 394.5 (PRZ zone). Support levels marked at 365.2, 364.3, and 361.5. Strategy Insight: Traders may look for potential shorting opportunities at the PRZ (394.5) with confirmations. Alternatively, breakouts above 394.5 could indicate further bullish movement toward 400+ levels. This setup is ideal for monitoring reversal or continuation scenarios. Keep an eye on volume and momentum indicators for better confirmation."
MCX:NATURALGAS1!Long
by maniraja5599
GOLD is close to the target level of 2,730 USDIn the Asian trading session, today's weekend January 17, OANDA:XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce. OANDA:XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish comments from Federal Reserve officials. The U.S. Department of Labor reported Thursday that initial jobless claims for the week ended Jan. 11 increased by 14,000 to a seasonally adjusted level of 217,000. Economists had expected 210,000 initial jobless claims last week. Slightly weaker-than-expected US core CPI data led to a sharp fall in real yields, which should support further gains in gold prices on inflation fears and repricing of taper expectations interest rate. Federal Reserve officials said data showed inflation in the US was continuing to slow, but they also noted growing uncertainty in the coming months as they wait for early policy signs. from the incoming administration of US President Donald Trump. Potential tariffs from the Trump administration could exacerbate inflationary pressures. The dollar fell, moving slightly from recent highs, as cooling US inflation data pulled bond yields down, continuing to support gold prices. And this is what we can most easily see about the alignment in these correlations in the market. Meanwhile, geopolitically, the ceasefire and hostage agreement between Israel and Hamas has weakened demand for gold as a safe haven asset. Last year, as tensions in the Middle East increased, gold hit several new highs on safe-haven demand and expectations that major central banks like the Federal Reserve would ease monetary policy further. again. But this is not enough because geopolitical factors can have a sudden impact, but they are never sustainable long-term causes. Analysis of technical prospects for OANDA:XAUUSD Gold has continued to break out, approaching the target level of 2,730 USD. Note to readers in the previous edition the price point of the 0.236% Fibonacci retracement level. Along with that, the uptrend is still dominating the daily chart, the uptrend price channel is highlighted by the green price channel, and the uptrend RSI maintains its above activity. The 50 level is still quite far from the overbought area, showing that there is still wide room for price increases ahead. The main support is still at the POC Volume Profile level and the EMA21 line. As long as gold remains above the EMA21, it still has the potential to increase in price in the near future. Currently, the 0.382% Fibonacci retracement level has also become the closest support currently. During the day, the uptrend of gold prices will be noticed again by the following notable technical levels. Support: 2,700 – 2,693USD Resistance: 2,730USD SELL XAUUSD PRICE 2736 - 2734⚡️ ↠↠ Stoploss 2740 →Take Profit 1 2729 ↨ →Take Profit 2 2724 BUY XAUUSD PRICE 2684 - 2686⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2691 ↨ →Take Profit 2 2696
OANDA:XAUUSD
by Xayah_trading
Will the USD pressure last?On the 4-hour chart, gold prices remain within the uptrend channel established since late December 2024. Despite the sharp corrections in the recent session, the current price ($2,670/ounce) is still above the dynamic support zone of the EMA 34 and EMA 89, indicating that the uptrend has not been broken. However, the pressure from the USD Index – which rose to a 2-year high of 109.35 points – is causing gold to lose short-term momentum. On a closer look, the important resistance zone at $2,696/ounce, corresponding to the recent peak, has triggered strong selling pressure. Meanwhile, the RSI in previous analyses has shown signs of overbought conditions, increasing the possibility of a correction. However, the main trend line and the $2,660/ounce support zone are still acting as psychological support for the bulls. In terms of news, the strength of the USD comes from two factors: positive US economic data and high bond yields (nearly 4.8%). These yields have attracted capital flows away from gold to invest in bonds. In addition, investors are worried about financial instability before Donald Trump returns to the White House on January 20. This uncertainty could spur some gold buying to hedge against risks, creating support for gold prices in the short term. Personal trading strategy: Bullish scenario: If the price holds above the $2,660/ounce support zone, I expect the price to bounce back to test the $2,696 zone. A breakout of this zone could push the price towards the target of $2,720. Bearish scenario: If price breaks the $2,660 zone and the 89 EMA, I expect price to fall further to the $2,640/ounce support zone, or even $2,620.
OANDA:XAUUSD
by nini_gone
XAUUSD M15 | Bearish Reaction off 61.8?Based on the M15 chart, the price is approaching our sell entry level at 2,719.50, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 2,702.03, aligning with a significant support level, marking a logical target for the trade. The stop loss is set at 2,730.64, above the 127.2% Fibonacci extension, providing room for price fluctuations while protecting against invalidation of the bearish bias. 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. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
FX:XAUUSDShort
by FXCM
1
GOLD → Testing Key Resistance with Potential to Reach 2726-2790OANDA:XAUUSD currently testing an important resistance level from which we can expect the price to continue rising to key levels such as 2726-2790. Technically, gold has entered the buying zone and the fundamental context supports it. Gold is supported by weak US inflation data, moderate Fed expectations, hopes for Chinese stimulus measures, and fading concerns about President-elect Trump's disruptive trade tariffs which have supported the risk-on sentiment prevailing in markets, causing the US dollar to decline sharply. Focus shifts to other economic data releases from the US, including December Retail Sales and Weekly Unemployment Claims, which will provide more clarity on the Fed's interest rate trajectory after January. Markets have fully priced in a rate pause at the Fed's policy meeting later this month. Gold prices will also remain dependent on any speculation surrounding Trump's tariff plans. Technically, all eyes are now on the resistance zone at 2697-2700. If gold can consolidate above this area, buyers will quickly enter the medium and long-term playing field. But don't forget about the upcoming news releases. Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
Supported by data, GOLD skyrocketed with room to increaseDue to weaker-than-expected US core inflation data, the US Dollar TVC:DXY weakened and the market also rekindled expectations that the Federal Reserve's interest rate cuts may not be over yet, gold prices increased sharply. Technical factors also continue the upward price structure. US inflation is lower than expected The U.S. Bureau of Labor Statistics reported on Wednesday that the U.S. consumer price index (CPI) rose 0.4% month-over-month in December, slightly above the 0.3% forecast. of economists. The overall CPI inflation rate increased by 2.9% over the same period last year, in line with expectations. Core CPI inflation, which excludes food and energy, rose 3.2% year-on-year, slower than November data and below economists' median estimate of 3.3%. economic survey by Dow Jones. Gold prices were supported and jumped by weaker-than-expected US core inflation data, causing US Treasury yields to fall sharply. Core CPI was slightly lower than expected. This is a positive signal for gold because the corollary is that the Fed will not necessarily rule out cutting interest rates, although the possibility of cutting interest rates in January is not high, but some rate cuts Capacity is still expected before the end of the year. Gold is considered a hedge against inflation, but because it earns no interest, its appeal to investors diminishes in higher interest rate environments and vice versa in low interest rate environments. Focus on key US economic data Today (Thursday), financial markets focus on US retail sales, data on initial jobless claims and speeches from Federal Reserve officials. Economists expect U.S. retail sales to rise 0.6% month-over-month in December, down from 0.7% in November. Initial jobless claims are expected to rise from 201,000 to 210,000 in the week ending January 11. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, after ending the technical correction and receiving support from the 0.50% Fibonacci retracement level that readers should pay attention to in previous publications, gold has continued to increase to continue. current bullish cycle. With an active position above the 0.382% Fibonacci retracement level gold is likely to continue rising with a subsequent target at around $2,730 upon breaking the $2,700 base price. In the short term, gold has achieved its target increase at 2,700 USD, however, the room for price increases is still quite wide ahead with the Relative Strength Index pointing up, operating above 50 and still at quite far from the overbought level. During the day, the technical outlook for gold prices is still bullish with notable points listed as follows. Support: 2,693 – 2,676USD Resistance: 2,700 – 2,730USD SELL XAUUSD PRICE 2721 - 2719⚡️ ↠↠ Stoploss 2725 →Take Profit 1 2714 ↨ →Take Profit 2 2709 BUY XAUUSD PRICE 2672 - 2674⚡️ ↠↠ Stoploss 2668 →Take Profit 1 2679 ↨ →Take Profit 2 2684
OANDA:XAUUSD
by Xayah_trading
1
Gold trading strategy for today !The current XAUUSD chart shows gold holding its ground, demonstrating remarkable resilience at the critical support zone between $2,660 - $2,670. This area has consistently acted as a safety net for buyers, preventing any significant declines in recent sessions. The alignment of the 34-EMA (red) and 89-EMA (purple) just below the price further reinforces bullish sentiment, serving as a reliable indicator that the uptrend remains intact. From a technical perspective, the price is approaching key resistance levels at $2,697 and $2,720, the latter carrying substantial psychological significance. A breakout above $2,697 could trigger a rally toward $2,720, while failure to clear this level might lead to a short-term pullback to retest the support zone. This would offer fresh buying opportunities before the next upward move. These scenarios are clearly depicted on the chart, with the blue arrow indicating continuation and the red arrow suggesting a minor retracement. On the fundamental side, gold's performance is supported by a weaker U.S. dollar, driven by dovish signals from the Federal Reserve. Traders are eagerly awaiting upcoming U.S. data releases, including inflation and employment reports, which could significantly impact the dollar and, consequently, gold prices. Additionally, ongoing geopolitical uncertainties continue to enhance gold's appeal as a safe-haven asset, ensuring steady demand amid volatile market conditions. In the short term, consolidation between $2,670 - $2,697 seems likely. However, a breakout above $2,720 could pave the way for further gains, targeting the $2,740 - $2,760 zone in the coming sessions. For now, all eyes are on the bulls to see if they can sustain this momentum and push gold beyond the current barriers. As an analyst, I believe patience is key. Any retracement to the support zone could present opportunities to re-enter long positions, while a confirmed breakout above $2,720 may signal the start of a new bullish leg. Let’s keep monitoring price action for clearer signals. What are your thoughts on these projections?
OANDA:XAUUSDLong
by Briantradefx
2
Today analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ closed lower, facing resistance near the 20-day moving average. It struggled at the midpoint of the long bearish candle formed on January 7 (21570), which coincides with the upper trendline resistance originating from the December 16, 2023 high (22450). The market's direction—whether it breaks above the upper trendline resistance around 21500 or reverts to the center of the downtrend—remains to be seen. On the weekly chart, a sell signal has been triggered. On the daily chart, the significant gap between the MACD and signal line suggests a higher likelihood of continued downside. However, after consolidating around the center of Wednesday's large bullish candle, the market may trade sideways for a few days before determining its next direction. On the 240-minute chart, both the MACD and signal line are above the zero line. After consolidating in a box range, the market may see a bullish third wave supported by the MACD holding above the signal line. Alternatively, a dead cross could form, signaling a shift to bearish momentum. For today, a range-bound strategy focusing on selling at highs and buying at lows is appropriate. Note that Fridays can often bring choppy price action. CRUDE OIL Crude oil closed lower after facing resistance at the upper monthly boundary. On the daily chart, the significant gap between the price and moving averages increases the risk of pursuing long positions at higher levels. If oil breaks below the 5-day moving average, the 10-day moving average or the $74–$75 range could act as support. A pullback to these levels would provide an opportunity for buying on dips. The recent month-long rally has caused the MACD and signal line to diverge significantly above the zero line, supporting a buy-on-dip strategy during corrections. However, as mentioned previously, a sell signal has appeared on the 240-minute chart, along with MACD divergence, suggesting a higher probability of additional downside. The recent $79 rally could represent the head of a head-and-shoulders pattern, with the right shoulder acting as resistance upon a rebound. Below $76, strong support exists, so box-range trading near critical levels is recommended. GOLD Gold closed higher, supported by declining Treasury yields. The daily chart confirms a fully established uptrend, making it advantageous to focus on buying during pullbacks. Treasury yields, which have been inversely correlated with gold, are also showing sell signals, suggesting further downside in yields and strength in gold. If gold breaks above the 2755 level, it could test the weekly chart resistance at 2788. However, resistance at this level may prevent the weekly MACD from forming a golden cross, leading to a consolidation phase over the next few weeks. On the 240-minute chart, strong buying momentum suggests a bullish third wave that could replicate the prior move from 2625 to 2735. With the clear daily trend and one-way price action, this is a favorable period for swing trading to maximize profits. Traders should consider this an opportunity to grow their accounts. This week included major events like the CPI report. Next Monday, Donald Trump will officially be inaugurated as U.S. President. Given past market volatility during Trump's presidency, expect heightened price swings ahead. Always adhere to stop-loss levels and manage risks diligently. Wrap up the week well, and best of luck in your trading endeavors. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21150 / 21090 / 21020 / 20940 -Sell: 21330 / 21370 / 21420 / 21490 Crude Oil - Bullish Market (March futures) -Buy: 77.50 / 77.00 / 76.20 / 75.70 / 74.90 -Sell: 78.55 / 79.00 / 79.35 / 80.30 Gold - Bullish Market -Buy: 2738 / 2729 / 2722 / 2715 / 2700 -Sell: 2757 / 2765 / 2772 / 2780 / 2788 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. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Bullish bounce?WTI oil (XTI/USD) has reacted off the pivot and could rise to the 1st resistance. Pivot: 79.16 1st Support: 78.07 1st Resistance: 80.83 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
2025-01-16 - priceactiontds - daily update - goldGood Evening and I hope you are well. comment: The bull channel is clear and valid until broken. I do think a bigger pull-back is overdue but until then, bulls are in control. current market cycle: trading range key levels: 2670 - 2770 bull case: Bulls want to print above 2761 and make a new high above the December high. If they can get it, we could see more upside to 2800 since there is no more resistance afterwards. the bull channel is tight and no matter how you count it, we had at least 3 legs up and betting on a 4th is a losing strategy in most cases. Invalidation is below 2700. bear case: Bears doing not enough and if they fail at 2761, we will go 2800+ again. Not much to interpret here. We are still in a bull channel on the 1h tf and bears would need a 1h bar close below the 20ema for a start. The previous times we got above 2740, we printed huge bear reversal bars and I am hoping for another one tomorrow. Bears are also seeing this as at least 3 legs up and they want another decent pull-back for at least 50 points like the prior ones. Invalidation is above 2765. short term: Neutral. Waiting for bears to come around here at big resistance. If they fail, we see 2800 soon. No bigger interest in buying this. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None trade of the day: Buying the double bottom on the 1h tf at 2722 before EU open. Otherwise just any pullback to the 1h 20ema.
COMEX_MINI:MGC1!
by priceactiontds
Buy OIL 71$ - 74$ zoneOil needs a temporary rest after the rapid pump it had. This rest is somewhere between $71 and $74. Since the oil trend is still bullish, it is not easy to enter the trade. It is reasonable to wait for the trend correction. The first definite target for oil according to the chart ahead is $82. However, in my opinion, the great oil cycle has begun to grow again and it has goals of close to $170 to $200 in the future. However, it is better to consider short-term goals. The final point, based on the analysis ahead, is that oil will definitely see a price of $100 again in the next few months.
TVC:USOIL
by hojijoon
Could the price drop from here?USO/USD is reacting off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 79.13 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 80.50 Why we like it: There is a pullback resistance level. Take profit: 77.49 Why we like it: There is a pullback support level that is slightly below the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
GOLD Will Collapse! SELL! My dear followers, I analysed this chart on GOLD and concluded the following: The market is trading on 2694.1 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2685.5 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
2
Silver (XAGUSD): Position Update and New TargetsBack in October 2024, we successfully closed our second position at the exact top of wave 3, capturing the peak before XAGUSD dropped by 17%. We’re still holding our first setup, which remains open with the stop loss set at break-even. We believe the bottom of wave 4 was established around $29, and the chart now points towards a move higher into wave 5. Our focus is on a continuation above the Point of Control (POC) into the $31.35–$32.90 range. At that point, we’ll look for an entry during the pullback (wave (iv)). Alerts are set, and we’re ready to capitalise when the opportunity arises.
OANDA:XAGUSDLong
by freeguy_by_wmc
WTI CRUDE OIL: Buy opportunity on the 1D MA50.WTI Crude Oil is neutralizing the previously overbought 1D technical outlook (RSI = 69.520, MACD = 2.080, ADX = 64.888) as after crossing over the R1 level, it is pulling back under it. Technically this has been mirroring the March-August 2023 fractal and based on that, we should see this pull back almost reach the 1D MA50. A buy opportunity is waiting there and our target is the 1.618 Fibonacci level (TP = 86.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope