GOLD hit 3000$ The first notable event is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (FED) interest rate decision on Wednesday. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce their interest rate policies on Thursday.
These moves can directly affect the strength of the USD and capital flows into gold. This expert believes that if the FED maintains a "hawkish" stance and takes a cautious view on cutting interest rates, the USD may continue to strengthen, putting pressure on gold prices. On the contrary, if the signals from the FED are more easing, the precious metal may maintain its upward momentum.
Commodity experts at Macquarie have raised their gold price forecast to $3,500 an ounce by the third quarter of 2025. They had previously targeted $3,000 for mid-year, but gold prices have hit that mark earlier than expected.
Forextrading
Mon 17th Mar 2025 GBP/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Sell. Enjoy the day all. Cheers. Jim
Mon 17th Mar 2025 AUD/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CHF Buy. Enjoy the day all. Cheers. Jim
Mon 17th Mar 2025 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
US30 Rebounds from Key Support – Bulls Eyeing New HighsKey Support & Trendline Confluence:
The price recently bounced off the long-term ascending trendline, which has been a strong support level since late 2023.
The 38.2% Fibonacci retracement level ($40,205) provided additional confluence for a potential reversal.
Resistance Levels & Breakout Potential:
Immediate Resistance: $42,000 – A break above this level could confirm a bullish continuation.
Major Target: $45,065 – If momentum sustains, this all-time high could be tested soon.
Bullish Scenario:
A successful breakout above $42,000 could lead to an accelerated move toward $45,065 and beyond.
The trendline’s support indicates that bulls remain in control, and the recent rebound suggests renewed buying interest.
Risk Management & Confirmation:
Bullish confirmation: Sustained price action above $41,500 with strong volume.
Invalidation level: A breakdown below $40,000 could indicate a potential trend reversal.
Conclusion & Strategy:
Short-Term: Monitor price action around $42,000 for breakout confirmation.
Mid-Term: Expect a bullish move toward $45,000+ if the trendline holds.
Long-Term: If price breaks all-time highs, further upside potential is possible.
🚀 Bullish Confirmation Above $42,000 | ⚠️ Caution Below $40,000
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
This pair is currently in an uptrend and has now reached a resistance zone.
At this level, we anticipate a correction, which could provide a buying opportunity.
We expect a correction from this resistance zone, offering a potential buying opportunity, followed by a continuation of the uptrend toward the specified target.
Will EURUSD use this correction as a launching point for further gains? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
XAU/USD Breakout – Trend Continuation or Pullback?Gold (XAU/USD) has recently broken out of a symmetrical triangle pattern, signaling strong bullish momentum. This breakout was accompanied by a price surge of approximately 4.47%, pushing the price towards the $3,005 resistance level.
The question now is: Will gold continue its bullish trend, or will we see a pullback before the next move?
📊 Technical Analysis:
1️⃣ Symmetrical Triangle Breakout
The symmetrical triangle pattern formed over several weeks, with price consolidating within the narrowing structure.
A clear breakout above the triangle confirms the bullish momentum, suggesting further upside potential.
2️⃣ Measured Move Target
The breakout's measured move (equal to the height of the triangle) projects a potential target near $3,056.
This level aligns with a historical resistance zone, making it a key level to watch.
3️⃣ Key Support & Resistance Levels
✅ Resistance:
$3,005 – Recent high where price is currently facing resistance.
$3,056 – Next major upside target, based on the breakout projection.
✅ Support:
$2,931 – Previous breakout zone; a retest could confirm support before another rally.
Ascending Trendline – Acting as dynamic support for the ongoing uptrend.
📉 Potential Scenarios to Watch:
✅ Bullish Case: Trend Continuation
If the price consolidates above $2,984-$2,931, buyers may push gold towards $3,056 and beyond.
A strong breakout above $3,005 with volume confirmation will likely signal further bullish strength.
❌ Bearish Case: Pullback Before Rally
Gold may retrace towards $2,931 (previous resistance turned support) before resuming its uptrend.
A break below $2,931 could lead to deeper retracement, possibly testing the ascending trendline.
🔍 Trading Strategy & Considerations:
📌 Bullish Traders: Watch for support at $2,931 and a break above $3,005 for confirmation of the next bullish leg.
📌 Bearish Traders: Look for a failed breakout above $3,005 or a rejection at $3,056 for short-term pullback opportunities.
💡 Final Thoughts:
Gold remains in a strong uptrend, with bullish momentum intact. However, a pullback before the next leg up remains a possibility. Traders should monitor key levels and price action confirmations for the next move.
🚀 What’s your outlook on gold? Drop your thoughts in the comments!
EUR/USD Trade Ideas Short or Long??? News is going to be heavy!Looking for the right signals for a long, Everything is explained on the chart. If I do not get the confluences I want I will not take the trade. If price action takes out lows I'll look for liquidity, retrace, or reversal and reaccess my trade for shorts. Major news coming out for USD this week so stay frosty!
AUDUSD: 2 year Channel Down is making a rebound.AUDUSD is neutral on its 1D technical outlook (RSI = 53.859, MACD = 0.001, ADX = 20.007) as the price is consolidating on the 1D MA50. The first 3.5 months of 2025 have been a confirmed bottom for the 2 year Channel Down. All similar bullish waves on such bottoms reached at least the 0.618 Fibonacci retracement level. The trade is therefore long, TP = 0.66350.
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EURUSD MY VIEW DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Usdjpy analysis This chart represents a technical analysis of USD/JPY on the 1-hour timeframe from TradingView, outlining potential price movements based on key support and resistance levels.
Support Level: Marked around 147.175, this level is expected to act as a strong demand zone where buyers might step in if the price retraces.
Current Price: USD/JPY is trading around 148.262, showing signs of bullish momentum.
Potential Price Movement: The chart suggests a possible pullback toward the support level before resuming an uptrend.
First Target: Positioned at approximately 149.678, this is the next key resistance level where price action might encounter selling pressure.
Second Target: Identified near 151.002, indicating further bullish continuation if the first target is broken.
Outlook:
The analysis suggests a bullish bias, but a retracement to support may occur before a potential breakout. Traders may look for confirmation signals before entering positions. The volume profile on the right shows strong activity around these levels, reinforcing the importance of these key zones.
Thu 13th Mar 2025 EUR/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Sell. Enjoy the day all. Cheers. Jim
EURUSD: Overbought but 1H Channel Up is still intact.EURUSD is massively overbought on its 1D technical outlook (RSI = 73.384, MACD = 0.012, ADX = 38.553) but on the short term we have a Channel Up pattern that's good until broken. The 1H MA50-MA100 Zone is in firm support of this structure and every time a bearish wave like the current one bottoms inside this pattern, the price rallies by +1.15%. So as long as the 1H MA100 holds, buy (TP = 1.09800). If the 1H MA100 fails and breaks, sell and aim for the 1H MA200 (TP = 1.07500>
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XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains below the key resistance zone, experiencing choppy and range-bound movements since last week. As long as the price stays below this resistance level, we expect a potential decline towards the identified support levels.
A break below $2895 could increase selling pressure and open the door for lower targets.
What’s your outlook on gold? Do you think resistance will break?
Don’t forget to like and share your thoughts in the comments! ❤️
Tue 11th Mar 2025 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
Mon 10th Mar 2025 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim
XAUUSD BUY NOW this week big movement gold strongly bullish soonThanks for the clarification. Based on the chart you provided and the bullish bias toward the resistance target of 2950, here’s a "disruption" or alternative analysis—a contrarian scenario that challenges the bullish view:
Bearish Disruption Analysis:
1. False Breakout & Rejection Scenario:
Current price hovering around 2910.795 shows a struggle to break higher.
Price previously failed to sustain above the minor resistance zone near 2918–2920, showing rejection wicks.
This may indicate buying exhaustion, and if no fresh momentum comes in, price could reverse.
2. Support Weakening:
The 2906 support zone has already been tested multiple times.
Each retest of this support weakens the buyers' defense.
A break and close below 2906 would open doors to deeper pullbacks — potential targets:
First target: 2895 (psychological and historical intraday support).
Extended target: 2880–2885 zone.
3. Volume Divergence:
Noticeable reduction in buying volume on recent attempts to move higher.
Without increasing volume, it's hard for price to break out toward 2950.
4. Potential Bearish Formation:
Formation of a lower high pattern, suggesting a potential trend reversal from bullish to bearish in this short-term timeframe (H1)
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
The EURUSD pair has recently risen over the past few days, reaching a key resistance zone. At this level, we anticipate a correction before the price resumes its upward movement.
After pulling back to the identified support level, the pair is expected to continue its bullish trend toward the specified targets.
What are your thoughts on EURUSD’s next move? Share your insights below!
Don’t forget to like and share your thoughts in the comments! ❤️
Gold (XAUUSD) - Liquidity Grab & Potential ReversalGold has been showing interesting price action around key levels, forming a potential double top structure. The market tested the 2,930.19 resistance level, rejecting it sharply and showing signs of exhaustion.
Possible Scenario:
- Point A : Price is currently reacting from a key resistance level where liquidity is stacked.
- Point B : A potential sweep of liquidity around 2,874.04 , where price could create a demand zone before reversing.
- Point C : If buyers step in after the liquidity grab at B, we could see a rally back into the resistance zone, targeting a break of 2,930.19 .
However, if the structure breaks lower without a strong buyer reaction, further downside could come into play, possibly targeting 2,820 as the next liquidity zone.
Key Considerations:
- Monitoring fundamental catalysts such as economic data and interest rate decisions. With NFP and Fed updates this week, volatility is expected!
- Watching for confirmation of bullish intent after the liquidity grab.
- Tracking volume to gauge potential momentum.
🚀 Do you think gold will hold above 2,874.04 , or will bears take over? Drop your thoughts below! 🚀
#Tradingview
FOREXCOM:XAUUSD
USDCHF: Channel Down bottomed. Buy opportunity.USDCHF turned oversold on its 1D technical outlook (RSI = 30.423, MACD = -0.005, ADX = 28.684), hitting the LL bottom of the Channel Down. The 4H RSI has made a Double Bottom and this is technically an ideal level to start buying the pair again. We expect a +2.60% rise like the late January bullish wave that will test the 4H MA200. The trade is long, TP = 0.89900.
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Fri 7th Mar 2025 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim