Forex
Gold buy target This chart represents a trade setup for Gold Spot (XAU/USD) on a 2-hour timeframe using technical analysis. The analysis includes key trading levels:
Entry Point (Yellow - 2,938.690): The planned entry price for a buy (long) position.
Stop Loss (Red - 2,927.485): The price level to limit losses if the trade goes against the trader’s expectation. If the price drops to this level, the position will be automatically closed to prevent further losses.
Target (Blue - 2,962.046): The price level where the trader aims to take profit. If the price reaches this level, the position will be closed to secure gains.
Analysis & Strategy:
The setup anticipates a bullish move, expecting the price to rise from the entry level to the target.
The stop loss is placed below a support zone to minimize downside risk.
If the price respects support and bounces, the trade aims to capture a significant upward move toward the target price.
The risk-to-reward ratio appears favorable, meaning potential profits outweigh the risk taken.
This setup follows a technical breakout or reversal strategy, aiming to capitalize on a potential price increase in gold.
Gold will touch $3000In a comment to Kitco News, Chris Mancini - Portfolio Manager of Gabelli Gold Fund (GOLDX) - said that Western investors are pouring into gold ETFs to hedge against economic or inflation risks due to the impact of tariffs. He also emphasized that investment demand still has room to continue to increase.
"Gold is acting as a hedge against the devaluation of the USD and other currencies," he said. “Tariff measures could accelerate this process as global commodity prices rise. In addition, if global central banks (including the US Federal Reserve - FED) reduce interest rates or pump money to combat economic weakness, prices will tend to increase, making gold more attractive to investors.
"The buyers still show no signs of slowing down and this week continues to be a strong candle on the weekly chart. I think there is a high possibility that gold will reach the 3,000 USD/ounce mark in the near future, but there can also be big fluctuations around that level."
Gold price analysis February 24⭐️Fundamental Analysis
The uncertainty surrounding former US President Donald Trump's tariff policy and global economic risks continue to strengthen gold's role as a safe-haven asset. In addition, geopolitical tensions and pessimistic sentiment towards the US Dollar (USD) also contributed to supporting gold prices.
However, expectations that the US Federal Reserve (Fed) will maintain high interest rates to control inflation have limited the upside of this precious metal. Investors are now focused on the US Personal Consumption Expenditures Price Index (PCE) report on Friday, important data that could influence the Fed's interest rate policy, impact the USD and the next trend of gold prices.
⭐️Technical Analysis
Gold is currently relatively difficult to trade and pay attention to the Gold range around 2953 and 2906. A relatively wide range. The further range of 2978 and 2873 will be noticed this week. In the end of the H4 candlestick session, it closed above 2941. Gold will soon have a price of 2953. On the contrary, when gold closes below 2933, we can wait for a retest around 2938-2940 to SELL. TP Gold is still around 2923. If we break this area, pay attention to 2906. Wish you a successful trading day.
AUD/JPY: Counter-trend bull flag in focusI have outlined my bearish case for AUD/JPY for the year in prior articles and videos, but today I want to look at a potential countertrend setup.
A bull flag is forming on the daily chart. Usually I'd prefer to see such patterns during a strong uptrend as a continuation pattern. But given we saw a false break of an elongated bullish pinbar and sharp reversal higher, I suspect there is at least one more leg higher brewing for AUD/JPY. And because this is counter trend to my core bearish bias, I am not seeking the usual flag projection target, and instead will be happy with a more conservative reward if successful.
Prices are holding above the 10-day ERMA and weekly pivot point, but bulls could also seek dips towards the high-volume node (HVN) at 95.11 or around the 98 handle.
Bulls could target the 97 handle, with a break above 97.20 brining the weekly R1 into focus just below 98.
Matt Simpson, Market Analyst at City Index and Forex.com
NZDUSD in a sequence of higher lows and highs.NZDUSD - 24h expiry
Trend line support is located at 0.5725.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5775 will confirm the bullish momentum.
We look to Buy at 0.5725 (stop at 0.5695)
Our profit targets will be 0.5800 and 0.5825
Resistance: 0.5775 / 0.5800 / 0.5825
Support: 0.5725 / 0.5700 / 0.5675
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPJPY: Channel Down on its new bullish wave.GBPJPY is bearish on its 1D technical outlook (RSI = 41.292, MACD = -0.960, ADX = 36.514) as since the February 13th LH and rejection near the 1D MA50, it was been on its new bearish wave. The 1D RSI doesn't give a buy signal until it hits its S1 Zone, so we remain bearish on this pair with a typical TP = 185.500, unless the RSI hits S1 first, in which case you'll be encouraged to take profit earlier.
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EUR-CAD Will Keep Growing! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair made
A retest of the horizontal
Support level of 1.4879
And then went up sharply
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Heading into 61.8% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is a pullback resistance that aligns with the 61.% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8318
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.8353
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Take profit: 0.8264
Why we like it:
There is a pullback support level.
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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.
Bullish rise?AUD/JPY is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 94.65
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci projection.
Stop loss: 93.88
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Take profit: 96.15
Why we like it:
There is an overlap resistance level that is slightly below the 61.8% 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.
Potential bearish drop?AUD/CAD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.9063
Why we like it:
There is a pullback resistance level.
Stop loss: 0.9098
Why we like it:
There is a resistance level at the 100% Fibonacci projection.
Take profit: 0.9006
Why we like it:
There is an overlap support level that aligns with the 50% 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.
Bullish bounce?NZD/CAD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8137
Why we like it:
There is an overap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.8103
Why we like it:
There is a pullback support level that lines up witht he 61.8% Fibonacci retracement.
Take profit: 0.8195
Why we like it:
There is a pullback resistance level that aligns with the 161.8% Fibonacci extension.
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.
XAU/USD: Prepare for a new all-time high near $3000?! (READ)Gold's one-hour chart analysis indicates that the price has precisely followed our prior estimate, reaching the projected level of $2951. Comparing the last five assessments demonstrates the accuracy of these projections.
Gold is currently priced about $2947, down from $2951 when it peaked. I foresee a little retracement before another upward movement.
Short-term aims include $2954 and $2956.
Medium-term aims are $2966 and $2969.
Please support me with your likes and comments to encourage me to share more analysis with you and share your thoughts on the potential trend of this chart with me!
:
🚀 XAU/USD – Bullish or Bearish? Key Levels to Watch! 📊
💰 Gold Spot (XAU/USD) - 1H Chart Analysis
🔥 Key Observations:
🔹 BOS (Break of Structure) confirms strong market movement.
🔹 Bearish Order Block (OB) at the top suggests potential resistance.
🔹 Liquidity Grabs ($$$) & FVG (Fair Value Gaps) indicate smart money activity.
🔹 Bullish Rejection Blocks (30m & 1H TFs) could act as key demand zones.
📈 Possible Scenarios:
📌 Bullish Case: If price holds above the Bullish Rejection Block, we might see a push towards $2,950 - $2,960.
📌 Bearish Case: A rejection from the Bearish OB could send gold back towards $2,920 - $2,900.
🔔 Key Levels to Watch:
✅ Resistance: $2,950 - $2,960
✅ Support: $2,920 - $2,900
💬 What’s your bias? Bullish or Bearish? Drop your thoughts below! ⬇️🔥
#gold #xauusd #forex #trading #priceaction #technicalanalysis
SILVER Trading Opportunity! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 32.462 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 32.729
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
USOIL My Opinion! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 70.18
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 71.58
Recommended Stop Loss -69.44
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURJPY: Bullish Continuation & Long Signal
EURJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURJPY
Entry Point - 156.16
Stop Loss - 155.09
Take Profit - 158.48
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
USDCHF On The Rise! BUY!
My dear friends,
My technical analysis for USDCHF is below:
The market is trading on 0.8975 pivot level.
Bias -Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9038
Recommended Stop Loss - 0.8952
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK