**Gold (XAUUSD) Bullish Breakout Setup – Targeting $2,818** **Gold (XAUUSD) 1H Chart Analysis:**
- **Current Price:** Around **$2,800.29**
- **Key Resistance:** **$2,818.05** (Potential target zone)
- **Spot Zone:** Previous resistance turned support around **$2,790**
- **Recent Price Action:**
- Gold broke above a key resistance level (now acting as support).
- Price faced a **minor rejection** but is consolidating, potentially forming a bullish continuation pattern.
- **Forecast:**
- If price holds above **$2,790**, consolidation could lead to a breakout toward **$2,818**.
- A strong breakout above **$2,818** could signal further upside momentum.
- A rejection from this level might result in a pullback to **$2,790** support.
Overall, bullish sentiment remains strong unless price drops below **$2,790**.
Euro
EURO - Price can fall to support level and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to flat, where it at once reached resistance area and then dropped to $1.0345 level.
Later, price turned back to flat and reached resistance area again, making a gap, after which corrected.
Then price rose to resistance area again and then dropped to support line, exiting from flat and then bouncing up.
Soon, Euro declined to support line back, breaking $1.0345 level again, but soon rose back and started to trades in a wedge.
In wedge, price corrected to support line and later rose to resistance line, breaking $1.0345 level.
Now it trades close to support line and I think EUR can fall a little and then bounce up to $1.0560
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EUR/USD Analysis by zForex Research TeamEuro Weakens as ECB Signals Further Rate Reductions
The EUR/USD pair faces selling pressure near 1.0385 in Friday’s Asian session, weighed down by expectations of further ECB rate cuts. Investors await clarity on Trump’s potential tariff threats, which could impact market sentiment.
As expected, the ECB cut its deposit rate to 2.75% on Thursday, signaling the possibility of further reductions amid economic uncertainty and inflation concerns. Eurostat data showed the Eurozone economy stagnated in Q4, missing the 0.1% growth forecast after 0.4% in Q3. Germany’s Retail Sales and Unemployment data, due Friday, could provide direction.
In the US, the Fed kept rates at 4.25%-4.50% on Wednesday, with Powell ruling out immediate cuts without supporting inflation and employment data. Weaker US GDP growth of 2.3% in Q4, below forecasts, limited the dollar’s gains.
From a technical perspective, the first resistance level is at 1.0450, with further resistance levels at 1.0515 and 1.0550 if the price breaks above. On the downside, the initial support is at 1.0355, followed by additional support levels at 1.0270 and 1.0225.
Euro could rise to 1.0560 points within the wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded near the seller zone, which coincided with the resistance level and when it moved up, it at once turned around and dropped to the 1.0350 level, breaking the resistance level. Then price started to grow inside the pennant, where it rose higher than the resistance level again, making a gap and later even reaching the resistance line of the pennant pattern. After this movement, the Euro started to decline and quickly fell to the support line of the pennant, breaking the 1.0510 level and soon it exited from the pennant pattern and then fell to the support level, which coincided with the buyer zone. Then the price rose a little and dropped to 1.0220 points, breaking the support level too. But soon, the Euro turned around and made impulse up, breaking the support level again and even later started to trades inside the wedge. In this pattern price first made a correction to the support line and then in a short time rose back to the support level, broke it, and continued to move up. Later price reached a resistance level, but a not long time ago it rebounded and fell to the support line, which recently bounced and started to grow. So, in my opinion, the Euro can continue to move up in wedge to resistance line, breaking resistance level. For this reason, I set my TP near the resistance line, at 1.0560 points. Please share this idea with your friends and click Boost 🚀
Gold (XAUUSD) 1H Chart Analysis: - **Breakout Confirmation**Gold (XAUUSD) 1H Chart Analysis:**
- **Breakout Confirmation:** Price has broken above a key resistance zone, indicating bullish momentum.
- **Retest Zone:** A potential retest of the breakout area may confirm support before continuation.
- **Targets:**
- **1st Target:** 2,772 zone.
- **Last Target:** 2,783–2,784 zone.
- **Market Structure:**
- Multiple **Break of Structure (BOS)** and **Change of Character (ChoCh)** signals bullish strength.
- Rounded retest pattern supports a continuation towards the targets.
- **Key Watchpoint:** If price holds above the breakout zone, the bullish move remains valid; otherwise, a failed retest could lead to a pullback.
BTC/USD Analysis (4H Chart) BITSTAMP:BTCUSD **BTC/USD Analysis (4H Chart)**
- **Current Price:** ~$105,331
- **Major Resistance Zone:** Around **107,500 - 110,000**
- **Major Support Zone:** Around **97,500 - 98,000**
- **Key Pattern:** A possible **cup & handle formation** is forming, suggesting bullish momentum.
**Bullish Scenario:**
- BTC is approaching a key resistance zone. If price **breaks above 107,500 with strong volume**, it could push toward **112,300**.
- A successful retest of the resistance as support would confirm the breakout.
**Bearish Scenario:**
- If BTC fails to break resistance, it may retrace back to the **ascending trendline (~102,000-103,000)** or even the **major support zone (97,500-98,000)** for a potential bounce.
**Conclusion:**
- BTC is at a **critical breakout zone**.
- **Break & retest above 107,500 → bullish continuation toward 112,300+.**
- **Rejection → Possible pullback to trendline or support zone.**
**Gold (XAUUSD) 1H Analysis: Bearish Rejection at Resistance, OANDA:XAUUSD **Gold (XAUUSD) 1H Chart Analysis**
- **Resistance Zone:** The price is currently testing a resistance area marked in gray, aligning with a descending trendline.
- **Potential Rejection:** The chart suggests a possible rejection from this zone, leading to a bearish move.
- **Target:** If rejection holds, the price is expected to drop toward the **2,745** level.
- **Pattern Formation:** The price is forming a lower high structure, indicating a continuation of the bearish trend.
- **Confirmation:** A strong rejection candle or break of minor support could confirm the downside move.
### **Conclusion:**
Watch for confirmation around the resistance zone. A rejection could trigger a short trade targeting **2,745**, while a breakout above could invalidate the bearish setup.
Euro can correct to support area and then continue to growHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it first rebounded from the support area, which coincided with the current support level and rose to the resistance line of the channel. Then the price turned around and in a short time fell to the support area, breaking the 1.0485 level and then fell to the support line of the channel. Next, the price bounced up and almost rose to the support area, and after this, it turned around and dropped to the support level, which coincided with the buyer zone and support line of the channel. Price made impulse up to the resistance line and then declined lower than the 1.0255 level, breaking it, but later started to grow near the support line. So, in a short time, the Euro broke the 1.0255 level one more time, exiting from the channel and continuing to move up next near the support line. Soon, it reached the current support level and broke it, after which made a retest and now still rising. For this case, I think that the Euro can fall to the support area, where it touches the support line, and then continue to move up. That's why I set my TP at 1.0620 points. Please share this idea with your friends and click Boost 🚀
EURUSD Near Ascending Channel’s Peak: Will It Reverse?EURUSD ( FX:EURUSD ) rose to the Resistance zone($1.054-$1.044), as I expected in the previous idea .
EURUSD is moving in the Resistance zone($1.054-$1.044) and near the upper line of the Ascending Channel ( the role of resistance ).
According to the theory of Elliott waves , it seems that EURUSD has completed 5 impulsive waves , and we should wait for corrective waves .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect EURUSD to fall at least to the Targets I have marked on the chart .
What do you think? Will EURUSD break the Resistance zone($1.054-$1.044) or back to test the Support zone($1.039-$1.033)?
Note: If EURUSD breaks the Resistance zone($1.054-$1.044), we can expect more pumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 2-hour time frame.
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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EURO - Price can little correct and then bounce up to $1.0580Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price traded inside flat, where it reached $1.0450 level and then dropped to $1.0270 level.
After this, Euro turned around and rose to almost $1.0450 level, after which turned around and started to fall in wedge.
Price fell to support line of wedge and then at once bounced up, breaking $1.0270 level one more time.
Next, EUR some time traded near this level and when it reached support line of wedge, it continued to move up.
In a short time, price reached $1.0450 level, broke it, and rose to resistance line of wedge, after which corrected.
So, I think that price can fall to support area and then bounce up to $1.0580, exiting from wedge.
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**Gold (XAU/USD) 1H Chart Analysis** OANDA:XAUUSD **Gold (XAU/USD) 1H Chart Analysis** OANDA:XAUUSD
1. **Uptrend Channel:**
- The price has been respecting an ascending channel, with higher highs and higher lows.
- The channel’s lower boundary is acting as dynamic support, while the upper boundary serves as resistance.
2. **Current Price Action:**
- Gold is pulling back from the upper resistance area around **$2,780** and is now approaching the midline and lower boundary of the channel.
- A break below **$2,740** could lead to a test of the channel’s lower boundary near **$2,720-$2,700**.
3. **Potential Trade Outlook:**
- **Bullish Scenario:** If price finds support at the lower trendline and rebounds, it could present a buying opportunity targeting **$2,760-$2,780** again.
- **Bearish Scenario:** A confirmed breakdown of the channel support might lead to further declines toward **$2,700** or lower.
EURCAD: Bullish Rally is Going to Continue 🇪🇺🇨🇦
EURCAD remains in a strong bullish trend for more than 2 weeks.
The violation of a key daily resistance is one more important bullish signal.
At the moment we see a local correction.
With a high probability, it will complete soon and
a rise will resume.
Next resistance - 1.5155
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Euro maintaining uptrend due to short-term dollar weakness
The short-term dollar weakness is leading to a notable appreciation of the euro. Within the ECB, there are varying opinions regarding the future rate trajectory, but the prevailing sentiment strongly leans towards the necessity of further rate cuts. ING Group is confident that the ECB will cut interest rates by an additional 25bp at its monetary policy meeting this week and will pursue more gradual easing throughout the year.
It’s also crucial to closely monitor Germany's 4Q GDP and Spain's January CPI results set to be released this week. Germany's GDP (QoQ) is projected to drop to -0.1% from 0.1% in the previous quarter, while the market anticipates Spain's January CPI to rise to 2.9% from 2.8% in the prior month.
EURUSD broke below EMA21 and retreated to 1.0430. However, the price is still holding an uptrend, sustaining bullish momentum.If EURUSD breaks above EMA21 and the resistance at 1.0455, the price could gain upward momentum toward 1.0530. Conversely, if EURUSD breaks below the channel’s lower bound, the price could test the support at 1.0400.
EUR/USD Bulls Clear January Opening-Range- Fed/ECB on TapEuro broke through resistance a the January opening-range highs last week at 1.0405/48 (now support). Possible upslope in play here but too early to rely on.
For now, focus is higher while above the objective yearly open at 1.0354 .
Next major resistance zone eyed at the 2023 low-week close (LWC) / April low at 1.0587-1.0602 - look for a larger reaction there IF reached with a close above needed to suggest a more significant low was registered this month / a larger reversal is underway towards 1.0777/82 .
FED / ECB interest rate decisions are on tap this week with U.S. 4Q GDP slated for Friday.
Watch the weekly close here for guidance. Covered this setup in depth in this week's Technical Outlook Webinar.
-MB
"Gold 1H Chart: Bearish Setup Pending Confirmation"This 1-hour chart of gold (XAU/USD) shows a clear trendline break, indicating potential bearish momentum. The price is now retesting the broken trendline and resistance zone around $2,769–$2,780.
The plan is to wait for a bearish confirmation (e.g., rejection or reversal candles) at this resistance zone. If confirmed, the price could target the $2,740 area, marked as the next significant support level.
Key levels:
- Resistance: $2,769–$2,780
- Support/Target: $2,740
Waiting for a clear signal at the resistance zone is crucial for entering a sell position.
EURUSD 1D MA50 break-out after 4 months. Major bullish signal.The EURUSD pair broke above its 1D MA50 (blue trend-line) for the first time in almost 4 months (since October 03 2024). This is a major bullish signal as not only does it stop the downtrend that started on the September 25 2024 High but it resembles the post bottom rally of the November 02 2023 and March 21 2023 1D MA50 break-outs.
The 1D RSI sequences between those fractals are identical and both previous bullish break-outs hit at least their 0.681 Fibonacci retracement levels. That is currently where the 1W MA200 (red trend-line) is trending towards, which is the major multi-year Resistance and a valid target and sell entry for swing traders.
The current rebound however faces for the first time in years a bearish trending 1D MA200 (orange trend-line), so our Target has to be on it and not exceed it. We are aiming for 1.07500.
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"BTC/USD Double Top Breakdown: Targeting Key Support at 92,000"This chart for BTC/USD highlights the following key points:
1. **Double Top Formation**:
- A clear double top pattern is visible around the 108,000 resistance zone.
- This is a bearish reversal signal, indicating a potential move downward.
2. **Break of Trendline Support**:
- The price has broken below the ascending trendline, further confirming bearish momentum.
3. **Price Targets**:
- The next major support zone appears to be around 92,000–88,000, which aligns with the highlighted horizontal demand area.
4. **Bearish Volume Profile**:
- Significant selling volume is noted after the rejection from the resistance zone, reinforcing the downside bias.
Summary:
BTC/USD is showing strong bearish signals after failing at the 108,000 resistance and forming a double top. The break of the trendline suggests a continuation to the downside, with a target around 92,000–88,000. Traders should watch for retests of the broken support or confirmation of further downside momentum.