GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great day on the charts today with Gold recovering from yesterdays drop, perfectly inline with our plans to buy dips.
Our 4h chart idea Bullish target 2694 was hit at the start of the week and now our bearish target also complete at 2665. No lock on either weighted level and therefore playing between both levels in this range. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2694 - DONE
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE FOLLOWING BEARISH TARGET
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE SWING RANGE
SWING RANGE
2600
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Commodities
Will gold’s bullish trend change today?
On the daily line, the daily line continues to be positive for four consecutive times, and the price is effectively running above the short-term moving average and the Bollinger Middle Track. Even if there is a pullback, the shape remains the same. This is enough to show that the advantage of the bulls has not changed. The current short-term moving average has moved upward again. Forming support, other cyclical indicators maintain a bullish arrangement, and the Bollinger Bands as a whole continue to extend upward. In addition, the macd indicator double-line golden cross upward form shows sufficient upward potential. Therefore, overall on the daily line, bulls will reach new highs. High probability. In terms of the 4-hour, after the shock consolidation of the US market last Friday, it can be confirmed that gold has stabilized at 2665. This is enough to be reflected from the fact that a long lower shadow big positive line was collected during the US market. In addition, the current short-term moving average forms an upward pattern at 2685 and 2678, and other periodic indicators also show a bullish arrangement. In addition, the Bollinger Bands open upward as a whole, and the MACD indicator double lines are in a golden cross upward pattern, showing sufficient upward momentum. Therefore, the overall 4-hour level should be dominated by bulls.
For the operation strategy of gold at the beginning of this week, it is recommended to continue to do more at low levels and short at high levels. For the support and resistance below, pay attention to the 2685-2680 area first, and continue to look at the 2700-2710 area above in the short term. If it is broken by the bears, then focus on 2673 and 2664. In particular, the latter, as the negative drop point of non-agricultural data, will become the strongest defense of the bears. Long orders need to be decisively arranged above. For the upper resistance, pay attention to the vicinity of 2703 first, and then pay attention to the area of 2712. You can try short-term shorting when it is touched for the first time.
In terms of gold's short-term operation ideas today, our team recommends mainly longs at the low levels of the correction, supplemented by shorts at the rebound highs. The top short-term focus is on the 2700-2710 first-line resistance, and the bottom short-term focus is on the 2665-2660 first-line support
Gold operation strategy:
1. Gold retreats to the 2663-2665 line, cover positions and buy long, stop loss at 2655, target 2690 line, break the position and look at 2704-2707 line
2. Gold rebounded for the first time, sell short at the 2710-2712 line, stop loss at 2720, target the 2665-2670 line, and look at the 2653-2658 line if the position is broken;
WTI Crude Oil Probes Trend Line Resistance at 5-Month HighsChart Analysis:
WTI Crude Oil is approaching a pivotal juncture as it tests the long-term descending trendline resistance, while short-term momentum remains firmly bullish.
1️⃣ Downtrend Resistance (Red Line):
Prices are testing the multi-month descending trendline resistance near $78.
A breakout above this level could signal a shift in the broader bearish structure.
2️⃣ Moving Averages:
50-day SMA (blue): Rising steadily at $70.51, providing dynamic support for the recent uptrend.
200-day SMA (red): Flattening around $75.06, aligning with the key breakout zone.
3️⃣ Momentum Indicators:
RSI: At 72.05, indicating overbought conditions, which could precede a short-term pullback.
MACD: Bullish momentum is intact, with the MACD line above the signal line and accelerating in positive territory.
What to Watch:
A sustained break above the descending trendline and the 200-day SMA could pave the way for a test of $82-$85 resistance levels.
Overbought RSI warrants caution; traders should monitor for bearish divergences or signs of exhaustion.
Failure to break above resistance could see prices retrace toward the 50-day SMA or $74 support.
WTI Crude is at a critical crossroads, where a breakout could signal a trend reversal, while failure to sustain above resistance might reinforce the longer-term bearish bias.
-MW
USOIL: Key Levels and Trend Direction AnalysisUSOIL Analysis
The price has stabilized above the pivot line and closed the daily candle above it, indicating a continuation of the bullish trend gradually toward 75.35. A retest of 72.75 is possible before pushing up again.
On the other hand, a 4-hour candle closing below 72.74 would confirm a bearish trend, targeting 71.78.
Key Levels:
Pivot Line: 73.40
Resistance Levels: 74.40, 75.35, 76.10
Support Levels: 72.74, 71.78, 70.50
Trend outlook:
Bullish: While above 72.75
Bearish: If 72.74 is broken
Sentiment Cycle Indicator Performance (PAID)Every bold move captured by my sentiment cycle indicator.. I have designed few indicators which are unique and powerful. Sentiment indicator is also one of them. It is particularly created for every type of traded (be it beginner, intermediate or pro) and any type of chart (be it crypto, forex, indices, commodities, oil trading). It act as your friend gives you confidence while you are in trade and holding for bigger profits.
as you can see green background is buy, red is sell and no color or charting color is no sentiment zone, it is identification as no trading zone.
Happy Trading!!
Thanks,
TradeTech Analysis
SILVER Will Fall! Short!
Take a look at our analysis for SILVER.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 29.780.
The above observations make me that the market will inevitably achieve 28.792 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
SPY/QQQ Plan Your Trade For 1-14 : Harami/Inside PatternToday's pattern suggests the markets will stay somewhat flat/sideways related to building a base.
Yesterday, 1-13, my broad cycle patterns suggested the markets would establish a "base" - leading to a "peak" on 1-18 and a major top on 1-20. Because of this, I believe the markets will attempt to melt upward into a peaking pattern (with the SPY possibly reach 595-598) before stalling out ahead of the Inauguration event.
Gold and Silver may follow this trend after stalling a bit today. Overall, I believe Gold & Silver will move upward attempting to hedge against global risk factors playing out over the next 30+ days.
Bitcoin rejected the breakdown move yesterday - setting up another attempt at a THIRD sideways FLAG formation in an EPP pattern. This is very unusual - but given what the markets have been doing over the past 30 days - it is what it is.
More than likely, we'll see Bitcoin rally a bit higher (near $100k), then stall again and attempt another breakdown event.
Yesterday's new low suggests a breakdown is likely.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
USOIL WILL GO DOWN FROM RESISTANCE!? (READ CAPTION)I Expected In TVC:USOIL
Touch Now The Resistance Zone (79.00/80.00)
What Do You Think? Can USOIL Start Now Bearish Movement Or Not!?
Here Is Good Resistance Area, USOIL Seems To Be Downward After Making Double Top Pattern In 30M At The Resistance Level
Note: If USOIL Break The Given Resistance (79.00/80.00) Any D1 Candle Close Above This Resistance We Can Expect More Pump
Note: There Is A Possibility That USOIL Will Drop Sharply.
Please Respect Each Other's Ideas And Express Them Politely If You Agree Or Disagree.
USOIL Analyze (USOIL), 4-hour Time Frame
Trade Setup:
Entry: (78.50/79.50)
Target1 75.00
Target2 73.00
StopLoss: If D1 Candle Close Above The Resistance Then Close Your All Sell Trades
Be Sure To Follow The Updated Ideas.
Do Not Forget To Put Stop Loss For Your Positions (For Every Position You Want To Open).
Please Follow Your Strategy And Updates; This Is Just My Idea, And I Will Gladly See Your Ideas In This Post.
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Gold may continue to fall
The gold price has been in a wide range of fluctuations in the near future, forming a clear descending wedge (blue downward trend line) and an ascending channel (red trend line). The current gold price is running around the 2,668 level, showing certain short-term correction pressure.
At present, we can clearly see the correction path of gold from the previous high to the low. The price is currently hovering between the 0.618 ($2,670) and 0.5 ($2,654) levels, showing that this area is a key point for both bulls and bears to fight over. If the price continues to fail to break through the 0.618 level, it may usher in a larger decline, with the target possibly pointing to the support level of 0.382 ($2,637) or even 0.236 ($2,617).
The hourly rising channel shows that gold as a whole still maintains a mild upward trend, but recently the price has shown significant signs of a correction after encountering resistance at the upper edge of the upper channel. The price has failed to test this resistance area several times and then moved downward, indicating that this level is an important resistance area. The key support level below can focus on the lower edge of the red channel and the price corresponding to Fibonacci 0.236.
In the short term, if the gold price falls below $2,654, it will confirm the head and shoulders top pattern (implying left shoulder, head and right shoulder structure), further opening up the downside space, with the target pointing to the $2,617 to $2,584 area. However, if the metal can once again break above $2,670 and hold above it, it could resume its upward momentum and test the previous highs.
Overall, the current gold price is in a stage of long-short tug-of-war, and we need to pay close attention to the breakthrough of the Fibonacci key levels and channel boundaries. From the perspective of trading strategy, in the short term, we can focus on the breakthrough direction of the $2,654 and $2,670 areas, adjust positions and maintain flexibility.
GOLD Is Going Up! Long!
Here is our detailed technical review for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,621.75.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,686.96 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.
Like and subscribe and comment my ideas if you enjoy them!
XAU/USD : Reasons for Falling! (READ THE CAPTION)In the 4-hour timeframe, we can see that after reaching $2697 and hitting all targets last Friday, gold eventually closed around the $2690 zone. Today, gold showed a bearish sentiment, dropping by over 300 pips and correcting to as low as $2664.
Currently, gold is trading around $2670, and if it stabilizes below this level within the next 4 hours, further declines can be expected. Potential bearish targets are $2663, $2658.8, and $2652.5, respectively.
This analysis will be updated soon, so stay tuned for a trading setup in the lower timeframes!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Sugar Up for a Potential RallySugar prices have reached a strong demand zone around 1825–1830, a major support level. The price action suggests potential accumulation, with buyers likely stepping in. A rebound could target the 1983 level as the next resistance.
A sustained breakout above 1983 could open the door for further upside momentum, while a failure to hold 1825 may signal increased bearish activity.
Follow up for results.
XAU/USD Gold Long Trade before 20-Jan-2025The market is showing a bullish move according to technical analysis, before 20-jan-2025, the market can either take support from the small trend line and go bullish or retest the zone of 2630 and give a bullish move. This analysis is only for learning purposes. Please calculate your risk before making any trade. The bullish side target is 2730 before 20th Jan 2025.
GOLD: Buy or Sell ?Dear friends, Ben here!
Gold begins the new week with a slight decline, retreating from the one-month high reached on Friday. Hawkish expectations from the Fed, rising U.S. Treasury yields, and a stronger USD are weighing on the precious metal in the short term. On the other hand, risk-off sentiment might provide support for the safe-haven pair XAU/USD and help limit further losses. :)
From a technical perspective, gold confirmed a bullish breakout from a month-long symmetrical triangle pattern on January 8, further reinforcing the ongoing bullish momentum. It is likely that the struggle will continue, and the price may retest the previously broken boundary or the liquidity zone at 2675–2665, which will determine the next phase of developments.
Resistance level: 2698
Support levels: 2685, 2665
The situation remains volatile, as numerous factors are exerting pressure on the price.
Accordingly: If, after the retest, buyers manage to hold the price above the 2680–2685 support zone, the upward momentum could continue in the medium term.
However, if the bullish support structure breaks and sellers push the price below 2680, this could trigger a correction down to 2665 or 2650 before the uptrend resumes.
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
Potential bullish rise?The Gold (XAU/USD) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 2,658.19
1st Support: 2,637.52
1st Resistance: 2,689.56
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