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World gold prices increased despite the high USD.Gold prices hit a near four-week high on safe-haven demand amid financial market turmoil. Investors sought safety amid concerns about Britain's finances and President-elect Donald Trump's economic policies. In Britain, concerns about the budget deficit sent the pound to its lowest in more than a year against the dollar, with 10-year government bond yields rising to 4.92% and the FTSE 250 index falling for a third straight day, raising concerns about the risk of global financial contagion. Meanwhile, market attention turns to Friday's US nonfarm payrolls report, which is expected to show the number of new jobs in December fell to 160,000, compared with 227,000 in November. 🔥 XAUUSD SELL 2677 2679🔥 💵 TP1: 2665 💵 TP2: 2655 💵 TP3: OPEN 🚫 SL: 2687
OANDA:XAUUSDShort
by FalCol_TradingMaster
Hellena | Oil (4H): Short to area of 50% Fibo lvl of 71.500. Colleagues, I believe that price is ending a five-wave upward movement and a correction is about to begin. I expect the price to renew the nearest high and reach the area of 75.500, after which it will start a correction to the area of 50% Fibonacci level of 71.500. It may well be that the price will immediately start a downward movement and it will mean that wave “C” is already completed. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
16
GBPUSD to continue in the downward move?GBPUSD - Intraday The primary trend remains bearish. Bullish divergence is expected to support prices. We look for a temporary move higher. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2350. We look to Sell at 1.2350 (stop at 1.2380) Our profit targets will be 1.2245 and 1.2225 Resistance: 1.2320 / 1.2360 / 1.2400 Support: 1.2240 / 1.2210 / 1.2180 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.
Short
by OANDA
NFP focus, GOLD is reaching initial bullish conditionsOn Asian markets on Friday (January 10), OANDA:XAUUSD Spot delivery maintains the intraday recovery trend and gold price is currently at about 2,672 USD/ounce, a range of about more than 1 dollar during the day as of the time of writing. Market participants turned their attention to the US nonfarm payrolls report. Today (Friday), the United States will release the closely watched non-farm payrolls report, which is expected to cause a big move in the gold market. Authoritative surveys show nonfarm payrolls in the United States would have increased by 160,000 last December, following a whopping 227,000 increase in November. US unemployment rate expected to fall maintained at 4.2% in December. The survey found that average hourly wages in the United States are expected to increase 0.3% month-over-month in December, following a 0.4% increase in November. Annual wage growth is likely maintained at 4%. Better-than-expected US nonfarm payrolls data is seen as positive for the dollar and vice versa. And of course, this greatly impacts the gold price trend. From a technical perspective, OANDA:XAUUSD is heading for the 4th consecutive day of increase but the real uptrend has not yet been clearly formed. However, the daily chart of gold prices has also achieved the initial technical conditions for a possible increase in price with price activity above EMA21, POC Volume Profile and the 0.50% Fibonacci retracement level. Currently, these indicators are becoming the closest support. An important factor for the uptrend to form is the level of 2,693USD, which is considered a technical confirmation point for a newly formed uptrend. Once it is broken above and gold sustains activity above this level, the next target is around $2,730 in the short term. The relative strength index RSI has also risen above 50. However, the slope is not large but it is still considered a positive signal for gold prices in the near future. During the day, gold had initial bullish technical conditions and notable levels are listed below. Support: 2,664 – 2,645 – 2,634USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2691 - 2689⚡️ ↠↠ Stoploss 2695 →Take Profit 1 2684 ↨ →Take Profit 2 2679 BUY XAUUSD PRICE 2649 - 2651⚡️ ↠↠ Stoploss 2545 →Take Profit 1 2656 ↨ →Take Profit 2 2661
OANDA:XAUUSD
by Xayah_trading
Bullish bounce?AUD/USD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 0.6163 1st Support: 0.6125 1st Resistance: 0.6236 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.
Long
by ICmarkets
Bullish momentum to extend?The Loonie (USD/CAD) has reacted off the pivot and could rise to the 1st resistance. Pivot: 1.4303 1st Support: 1.4303 1st Resistance: 1.4469 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.
Long
by ICmarkets
XAUUSD | Potential Move To 3100 with Bullish Pennant Formation.Technical Analysis XAUUSD shows strong potential to move towards the supply zone at 2749.63, followed by a possible pullback to the demand zone at 2581.85. This movement could form a bullish pennant pattern, which is a continuation pattern. A breakout from this pennant may lead to the -61.80% Fibonacci target at 3101.21. Below is a chart illustrating the potential movement towards the supply and demand zones: Supply and Demand Zones () Once the bullish pennant forms and a breakout occurs, the price could reach the -61.80% Fibonacci level, which is the typical target for such patterns. The next chart highlights this scenario: Breakout to Target () --- Fundamental Insights Fundamentally, rising inflation and ongoing geopolitical tensions continue to support gold’s safe-haven appeal. Upcoming economic data, particularly from the U.S., will play a crucial role in shaping market sentiment and confirming the potential moves. --- Summary XAUUSD has significant potential for a move to 2749.63, followed by a pullback to 2581.85, which could form a bullish pennant. A breakout from the pennant might result in a move toward the -61.80% Fibonacci level at 3101.21. Traders should monitor price action and fundamental developments to validate this setup.
FX:XAUUSDLong
by ProcessAndIntercept
Gold Spot (XAU/USD) Technical Analysis: Harmonic Pattern and KeyThis analysis highlights a harmonic pattern forming on Gold Spot (XAU/USD) in the 4-hour timeframe, along with critical support and resistance levels that may guide future price action. Key Levels: Support Zone: 2638–2630 This area represents a strong support zone where price may find buying interest if a pullback occurs. A break below this range could lead to further bearish momentum. Resistance Levels: 2675: First resistance level where the price could face selling pressure. 2695: A key level in alignment with the harmonic pattern's potential completion. 2710: Final target zone, representing a full extension of the pattern and a critical resistance area. Harmonic Pattern: A potential Bearish Gartley pattern is forming, with the final point (D) expected near the 2695–2710 zone. This pattern suggests a possible reversal from the completion zone, depending on price action and confirmation signals. Scenarios: Bullish Scenario: If the price holds above the 2638–2630 support zone, it may continue its upward move toward the resistance levels at 2675 and 2695. A breakout above 2695 could lead to further gains, targeting 2710. Bearish Scenario: Failure to break above the 2695–2710 zone (completion of the Gartley pattern) may result in a reversal toward the support zone at 2638–2630. A break below 2630 could trigger additional downside momentum. Conclusion: Gold is approaching a critical area defined by the harmonic Gartley pattern. The 2638–2630 support and 2695–2710 resistance levels are key zones to watch for potential price reactions. Traders should look for confirmation signals, such as candlestick patterns or momentum shifts, to identify the next move. Feel free to share your thoughts and follow me for more professional analyses!
OANDA:XAUUSDLong
by Mohammad_Mirdehghan
GOLD → False Breakout. Can Buyers Recover?Hello, dear friends! Ben here! Gold has made a false breakout at $2,637 and is now searching for strong support. The current situation is highly complex, both fundamentally and technically. Fundamentally, the situation remains challenging. Gold's weakness is influenced by the Fed's hawkish stance and the strength of the US Dollar. However, upward pressure on gold persists due to other factors, including the escalation of conflicts in Eastern Europe and the Middle East, Trump’s protectionist policies targeting Europe and Asia, and rising geopolitical risks worldwide. Technically, after the false breakout at $2,637 (previously a resistance level), the price is now heading toward a new testing zone around $2,622. Below that, the ascending channel support at $2,606 could act as the lower boundary where buyers may start an aggressive play. Key Support Levels: $2,622, $2,606 Key Resistance Levels: $2,637, $2,647, $2,665 Overall, I lean toward a medium-term bearish trend. However, the local situation remains tense and complicated. If the bulls manage to hold their ground within the ascending channel, gold may continue its upward move. But! If buyers fail to maintain their position within the channel, a correction could extend the downward momentum further, leading to deeper declines. Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
Markets were in consolidation on 9th Jan 20259th January 2025 DXY: Consolidate between 109 and 109.40, could breakout to 110 NZDUSD: Sell 0.5575 SL 30 TP 60 AUDUSD: Look for reaction at 0.62, Buy 0.6220 SL 25 TP 50 or Sell 0.6175 SL 20 TP 60 GBPUSD: Sell 1.2260 SL 20 TP 70 EURUSD: Sell 1.0270 SL 25 TP 60 USDJPY: Watching that 158 resistance level EURJPY: Sell 162.40 SL 50 TP 80 GBPJPY: Sell 193.30 SL 50 TP 100 USDCHF: Buy 0.9130 SL 20 TP 50 USDCAD: Buy 1.4415 SL 20 TP 45 XAUUSD: Watch 2672 resistance (61.8%), possible rejection.
TVC:DXY
by JinDao_Tai
USDJPY Analysis Here's a bullish channel setup on USDJPY! The pair is respecting the ascending trendline, and we’re seeing signs of potential upside movement. 🚀 🎯 Targets: Take Profit 1: 158.451 Take Profit 2: 158.825 Take Profit 3: 159.154 📉 Stop Loss: 157.582 (below the channel support). The pair is currently trading near the channel’s lower boundary, offering a great risk-to-reward ratio. Keep an eye on this one—it could deliver solid gains! 💰 Let’s see how this plays out! 💹
Long
by Charts_M7M
EURAUD to see a capped rally?EURAUD - 24h expiry The medium term bias remains bearish. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6680. The hourly chart technicals suggests further upside before the downtrend returns. We look to Sell at 1.6680 (stop at 1.6730) Our profit targets will be 1.6540 and 1.6510 Resistance: 1.6660 / 1.6700 / 1.6750 Support: 1.6600 / 1.6550 / 1.6500 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.
Short
by OANDA