XAUUSD: Approaching the 3k top. Correction expected to 2,850.Gold has turned overbought again on its 1D technical outlook (RSI = 71.094, MACD = 56.680, ADX = 55.310), recovering last week's losses and ia marching towards a new ATH. Technically we expect it to approach the psychological level of 3k and once it gets as close to the HH trendline as possible, correct. The signal is given by the 3D RSI whose LH trendline has marked both Gold's highs in the past 12 months. The technical corrections aimed at the 0.382 Fibonacci level, so go short there and TP = 2,850.
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Gold
Gold XAUUSD Intra-day Move 18.02.2025📊 Market Structure & Price Action Analysis:
Key Support Zone: $2,903 - $2,906 (buy zone)
Key Resistance Target: $2,921 - $2,927
Liquidity Grab: Possible fakeouts below $2,903 before a bounce.
Trend Bias: Short-term bullish momentum, expecting a bounce off support.
📈 Intraday Scalping Trade Setup:
✅ Buy Entry: $2,903 - $2,906 (Look for price reaction confirmation)
🎯 Take Profit (TP1): $2,915
🎯 Take Profit (TP2): $2,921 - $2,924 (Partial close & trail stop)
🛑 Stop Loss (SL): Below $2,898 (Tight SL for quick exit)
⚖ Risk-Reward Ratio: 1:2 to 1:3
🕵 Scalping Confirmation Checklist:
✅ Bullish Rejection Wicks at $2,903 - $2,906
✅ Increased Volume on the bounce
✅ Break & Retest of minor intraday resistance
✅ Monitor Order Flow for buy-side momentum
⚠ Risk Management:
Exit Quickly if price fails to hold above $2,903
Move SL to Breakeven once TP1 is hit
Avoid Chasing Entries if price already starts moving up
📌 Scalping Tip: Use smaller lot sizes with quick execution to secure profits efficiently.
Follow, like and share.
Gold extends rebound after Friday’s dumpGold is caught between a rock and a hard place, as it holds above the technically-important $2,900 level. On the one hand, the existing bullish momentum means traders are happy to continue buying every dip they can get their hands on – which looks to have again been the case after Friday’s dump. But on the other, speculation is running high, and many traders would welcome a correction to shake out froth, particularly if geopolitical risks start to ease. Trump’s stated ambition to resolve conflicts in Ukraine and Gaza could dent safe-haven demand should he succeed. His protectionist policies and aggressive spending plans may also fuel inflationary pressures, delaying rate cut expectations and supporting bond yields.
Given these considerations, traders are treading carefully. While the broader trend remains intact, the risk of a deeper pullback cannot be ignored at these elevated levels. For gold to reach the $3K without first staging a short-term correction, it may take an escalation in the geopolitical risks, particularly about Ukraine.
For now, though, the buyers have returned. Keep an eye on support around $2900-$2906 area which needs to hold for gold to maintain its short-term bullish bias.
Short-term resistance comes in around $2920-$2925, which was being tested at the time of writing. This area was the last support zone pre Friday’s breakdown, making it a key battleground.
By Fawad Razaqzada, market analyst with FOREX.com
SPY/QQQ Plan Your Trade For 2-18 : GAP PotentialAs the markets continue to struggle to break away from the current consolidated/sideways price trend, one thing is certain: The current FLAG/EPP pattern is setting up an explosive price move.
My expectations are for a price breakdown, as my predictive modeling and GANN Cycle Patterns suggest that Major Bottoms will set up near February 21 and March 21-23.
These major Bottoms suggest a strong potential for a price breakdown, reflecting uncertainty for the first half of 2025.
Additionally, I believe the strength of the US Dollar is driving a "Capital Shift," where foreign capital is actively moving away from currency and economic risks, pooling aggressively into the safest currency and assets. This translates into capital pooling into US, UK, and EURO assets to avoid broader currency devaluation events.
The dynamics of the global markets are very interesting right now. The influx of capital into the strongest economies with the strongest currencies may present a MELT-UP type of market trend. However, the uncertainty related to future US economic growth and performance may prompt some deep downturns/pullbacks in price.
I don't see how the US markets can move past the economic turmoil of broad government restructuring until after June/July 2025.
Therefore, I continue to urge traders to stay cautious of any melt-up trend. The markets want to move higher, but there are currently extreme volatility risks related to any potential price breakdowns.
I'm watching Gold/Silver and Bitcoin to see if we move back into any euphoric phase. And right now, I'm seeing metals starting to move into a type of panic selloff while Bitcoin is struggling to regain any real strength.
The continued sideways trend of Bitcoin leads me to believe the euphoria is diminishing, and reality may be setting in. That means we may be in for a bumpy ride over the next 90+ days.
Stay fluid and stay cautious of any big breakdowns.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Best Strategies to Identify a Bearish Reversal in Gold Trading
In this article, I will explain to you 4 efficient strategies to identify a bearish reversal with technical analysis in Gold trading.
You will learn price action, SMC and technical indicator strong bearish signals.
First, let me remind you that different bearish signals may indicate a different magnitude and a degree of a potential reversal.
While some signals will be reliable for predicting short term reversals, some will be more accurate in projecting long-term ones.
One more thing to note is that one of the best time frames for bearish reversal confirmations on Gold is the daily. So, all the cases that will be explained will be on a daily time frame strictly.
XAUUSD Bearish Reversal Signal 1 - Bearish Price Action Pattern.
One of the perfect indicators of the overbought state of a bullish trend on Gold is bearish price action patterns.
I am talking about classic horizontal neckline based patterns like head & shoulders, inverted cup & handle, double/triple top and descending triangle.
Typically, these patterns leave early bearish clues and help to predict a coming downturn movement.
A strong bearish signal is a breakout of a horizontal neckline of the pattern and a candle close below.
The price may continue falling at least to the next key support then.
Above is the example of a head and shoulders pattern on Gold, on a daily. Its formation was the evidence of the overheated market. Bearish breakout of its neckline confirmed that, and the price continued falling.
Bearish Reversal Signal 2 - Rising Channel Breakout.
When the market is trading in a healthy bullish trend, it usually starts moving with the boundaries of a rising channel.
It can be the expanding, parallel or contracting channel.
Its support will represent a strong vertical structure , from where new bullish waves will initiate after corrections .
Its breakout will quite accurately indicate a change of a market sentiment and a highly probable bearish reversal.
Look at this rising parallel channel on Gold chart on a daily. The market was respecting its boundaries for more than 3 months.
A bearish violation of its support was an accurate bearish signal that triggered a strong bearish movement.
Bearish Reversal Signal 3 - Change of Character & Bearish Price Action.
One of the main characteristics of a bullish trend is the tendency of the market to set new higher highs and higher lows. Each final high of each bullish impulse is always higher than the previous. Each final low of each bearish movement is also higher than the previous.
In such a price action, the level of the l ast higher low is a very significant point.
The violation of that and a formation of a new low is an important event that is called Change of Character CHoCH.
It signifies the violation of a current bullish trend.
After that, one should pay attention to a consequent price action, because CHoCH can easily turn into just an extended correctional movement.
If the market sets a lower high and a new lower low then, it will confirm the start of a new bearish trend.
That is the example of a confirmed Change of Character on Gold on a daily. To validate the start of a new bearish trend, we should let the price set a lower high and a form a bearish impulse with a new lower low.
Bearish Reversal Signal 4 - Death Cross.
Death cross is a strong long-term bearish reversal signal that is based on a crossover of 2 moving averages.
On a daily time frame, it is usually based on a combination of 2 Simple Moving Averages: one with 50 length and one with 200 length.
The signal is considered to be confirmed when a 50 length SMA crosses below 200 length SMA.
It is commonly believed that it signifies that the market enters a long-term bearish trend.
On the chart, I plotted 2 Moving Averages. When the blue one crosses below the orange one, a global bearish trend on Gold will be confirmed
The 4 bearish signals that we discussed will be useful for predicting short term, mid term and long term bearish reversals on Gold.
While price action patterns will indicate local bearish movements, Death Cross will confirm a global trend change.
Learn to recognize all the signals that we discussed to make more accurate trading and investing decisions.
❤️Please, support my work with like, thank you!❤️
GOLD rises above 2,900 USD again, attention to Trump and PutinOANDA:XAUUSD Spot delivery increased significantly due to factors such as a weaker US Dollar, geopolitical risks and uncertainty in US trade policy. As of the time this article was completed, spot gold increased to 2,909 USD/oz, an increase equivalent to 0.39% on the day.
The World Gold Council revealed central banks purchased more than 1,000 tons of gold for the third consecutive year in 2024. According to the World Gold Council, central banks' gold purchases increased 54% year-on-year to 333 tons after Trump won the election.
On Monday local time, at the suggestion of French President Macron, leaders of many European countries held an emergency meeting in the French capital Paris to discuss issues such as the situation in Ukraine and collective European security.
According to French press reports, the biggest disagreement at the meeting that day was whether to send troops to Ukraine under the peacekeeping framework or not. British Prime Minister Starmer said the UK is ready to send ground troops if necessary. Germany and Spain objected.
At the same time, Ukraine's peace negotiations also became the focus of market attention. Russian Foreign Minister Sergei Lavrov said on Monday that he would travel to the Saudi capital Riyadh and hold talks with US representatives on Tuesday.
US President Donald Trump said on Sunday that he will soon meet Russian President Vladimir Putin in Saudi Arabia.
If a peace agreement is reached between Russia and Ukraine, this may be the driving force for gold to be able to adjust significantly down in the near future. On the contrary, if the agreement "goes nowhere", gold will continue to increase in price because geopolitical risks once again increase.
Analysis of technical prospects for OANDA:XAUUSD
From the support level of 2,881 USD, note to readers in the previous issue that gold has surpassed the initial target level at the original price point of 2,900 USD and currently maintains price activity above this level.
With the current position, gold has conditions to continue to increase in price with the goal of reaching an all-time peak rather than renewing the previously achieved all-time peak.
The upward relative strength index shows that the bearish momentum is also weakening, giving way to overwhelming buying force.
In general, in terms of the overall technical picture, gold still tends to be completely bullish, and notable positions will be listed as follows.
Support: 2,900 – 2,881 – 2,857USD
Resistance: 2,942USD
SELL XAUUSD PRICE 2921 - 2919⚡️
↠↠ Stoploss 2925
→Take Profit 1 2913
↨
→Take Profit 2 2907
BUY XAUUSD PRICE 2849 - 2851⚡️
↠↠ Stoploss 2845
→Take Profit 1 2857
↨
→Take Profit 2 2863
XAUUSDAffected by the holiday in the USA, the gold price fluctuated in a narrow range yesterday, with a slight increase on the daily line. The overall trend is in line with our expectations. The price failed to form an effective continuation after the decline. After rising to 2940 last week, it encountered secondary suppression and then fell sharply. This week, the price did not break the previous low, continuing the pattern of nearly a year. The price briefly stabbed the support and then quickly repaired the decline. The main chart currently shows a weak short signal, but further confirmation is needed. The sub-chart MACD indicator is glued at a high level, with signs of forming a dead cross, suggesting a risk of decline.
If the 4-hour candle falls below the support, it will rise sharply, and the price will temporarily recover some of the lost ground, but the rebound strength is weak. Focus on the recovery of the 26-day moving average. If the price re-stands on the moving average, it is expected to start a wide range of oscillations.
In the medium and long term, the gold price is still in an upward trend, and a decline of tens of dollars in the short term is unlikely to change the trend direction. Regardless of whether 2942 is a stage top, the construction and confirmation of the head pattern requires a repeated process.
From the daily chart, gold is still in an upward trend, and the trend has not changed, but the current momentum is gradually weakening, and the upper 2942 is also the previous high position, which is of reference significance from a technical perspective. The market may form a wide range of fluctuations at a high level.
From the 4-hour chart, the gold bullish arrangement is still intact, and it can rebound effectively when it touches the middle track of the Bollinger Bands. At present, it encounters resistance at 2942 near the previous high, and there is a potential double top to be played. And due to the excessive stretching of the previous bulls, it often takes a period of adjustment. Therefore, without further news stimulation, it is unlikely that gold will rise fiercely, and you can capture the callback market.
This week, pay attention to the competition between the high point 2942 and the neckline 2865. After the second high and then falling back, the 4-hour chart has the possibility of constructing a double top callback. This week, focus on the neckline 2865. The loss of this position will further deepen the adjustment space. Intraday trading is mainly based on callback buying, supplemented by rebound selling!
Key points:
First support: 2888, second support: 2880, third support: 2873
First resistance: 2910, second resistance: 2918, third resistance: 2924
Operation ideas:
BUY: 2883-2885, SL: 2874, TP: 2910-2920;
SELL: 2910-2913, SL: 2922, TP: 2890-2880;
Gold Consolidating at 2,918 – Break Above 2,934 or Drop to 2,873Gold (XAU/USD) Technical Analysis – February 18, 2025
Gold is currently testing the pivot level at 2,918, with price action indicating potential consolidation before making the next move. The market structure suggests that gold may remain within the 2,918 - 2,873 range before a breakout.
Technical Outlook
Bearish Scenario: If gold fails to hold above 2,918 and closes below this level, a drop toward the 2,873 support is expected. A confirmed break below 2,873 would push the price further down toward 2,859 and 2,840.
Bullish Scenario: For gold to continue its bullish trend, it must break above 2,934, confirming further upside toward 2,956.
Key Levels to Watch
🔹 Pivot Point: 2,918
🔹 Resistance Levels: 2,934, 2,956
🔹 Support Levels: 2,873, 2,859, 2,840
📉 Directional Bias: Gold is expected to trade within 2,918 - 2,873 before a breakout. A move below 2,873 confirms further downside, while a break above 2,934 resumes the bullish trend.
💬 Will gold break 2,934 for new highs, or drop below 2,873? Share your thoughts! 👇🔥
Gold Rallies Above $2,900 Again, Will it Hold? Gold has retested the record high of 2,940 twice, raising concerns about a potential double or triple-top formation, as the RSI hovers near overbought levels last seen in November 2024—after which Gold retreated nearly 100 points.
However, the latest price action still indicates strength to the upside, driven by haven demand amid unresolved negotiations concerning the Russia Ukraine war.
Ahead of the talks, the EU reaffirmed support for Ukraine, while Ukraine rejected any agreement made on its behalf, as discussions shifted exclusively between the US and Russia.
Possible scenarios:
🔹 Bullish Scenario: A close above 2,940 could extend gains toward $3,000 and $3,050.
🔹 Bearish Scenario: If the 2,940 resistance holds, Gold could retrace to support levels at 2,860, 2,790, and 2,720, respectively
- Razan Hilal, CMT
DeGRAM | GOLD start of correctionGOLD is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and dynamic resistance.
The chart has formed a harmonic pattern.
We expect the pullback to continue.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Gold’s Triangle Battle: Breakout or Breakdown? hello guys!
Symmetrical Triangle Formation
Gold is trading within a triangle pattern, with price approaching a key resistance zone.
The top trendline of the triangle is acting as a major resistance, while the bottom trendline provides support.
Potential Scenarios
Bullish Case: If price breaks above the minor ascending channel, Gold could test the $2,928-$2,930 zone, potentially aiming for a stronger breakout.
Bearish Case: If resistance holds, a rejection could push Gold down to retest the bottom trendline near $2,885-$2,890.
Key Levels to Watch
Breakout Above: $2,928 could trigger a bullish continuation.
Breakdown Below: $2,900 could indicate a deeper correction.
Final Take:
Gold is at a crossroads—will bulls break through resistance, or will bears drag it back down? Stay sharp, as a decisive move is coming soon! 🔥
GOLD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 2912.4
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2897.6
Recommended Stop Loss - 2918.8
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
Gold Analysis: Bearish Reversal with Key Support Zone at 2,799hello guys!
let review what happened in gold:
Double Top Formation: The chart indicates a double top pattern, which typically suggests a potential reversal in the price movement. This pattern formed at a significant resistance level, as shown by the "internal static level" marked at the top of the chart. A double top is generally seen as a bearish signal, implying the price may fall after this formation completes.
Broken Trendline: The chart also points out a "broken trendline" that previously acted as a support level. Once the price breaks below this trendline, it suggests a weakening bullish trend, with further downside potential. This break could signal the start of a downtrend.
Main Trendline: Despite the break in the previous trendline, the "main trendline" still holds as a support level for the price. This indicates that the market might find support along this trendline and could reverse back to the upside in the near term, or it could form a lower high and continue the downtrend.
what's next?!
Targeted Support Zone: The arrows suggest a potential price target zone between 2,799.150 and 2,800.000, marked as a key support region where the price might find a base. This zone is below the broken trendline and could act as a demand zone, potentially leading to a rebound or price consolidation before further movement.
In conclusion, the chart is signaling potential bearish momentum, with the possibility of the price moving down to the support zone before either consolidating or reversing back upward. The broken trendline and double top suggest that the market might shift to a downward trend, but the main trendline and support levels must be closely watched for confirmation.
BTC/USD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE Key Insights:
1. Support Zone (Blue Area - 94,877 to 95,643)
Price recently tested this area and showed signs of rejection, indicating potential bullish momentum.
2. Entry & Target Projection
The chart suggests a buy setup with price expected to rise from the current support.
The first target is around 96,828, followed by a higher resistance level at 97,208.
3. Stop-Loss & Risk Management
Stop-loss is likely placed below 94,877 in case of further downside movement.
The risk-to-reward ratio looks favorable with a clear upward structure.
Conclusion:
If BTC holds above 95,000, buyers may push towards 96,800 - 97,200.
A break below 94,877 could invalidate this setup.
Would you like a signal update message for your channel?
Gold (XAU/USD) Technical Analysis – February 18, 2025Trend : Gold is in a strong uptrend, trading within a rising channel.
The price has consistently respected the green trendline (support).
Higher highs and higher lows confirm bullish momentum.
Key Levels:
Support: $2,750, $2,650 (major swing lows)
Resistance: $2,950, $3,000 (psychological level)
Technical Patterns:
There are multiple bullish breakouts from consolidation zones, marked by red resistance trendlines. The recent breakout above $2,850 suggests a continuation toward $3,000.
Ascending channel formation with a possible breakout to $3,250 in the long term.
Indicators:
Bollinger Bands: The price is riding the upper band, showing strong buying pressure.
Momentum: Continues to favor bulls unless there’s a breakdown below $2,850.
1-Hour Chart (Second Image) Analysis
Short-Term Trend:
Gold recently retested support around $2,880 and is consolidating.
Price is trading above the green trendline, maintaining a bullish structure.
Bearish Pullback Areas:
The bearish wick at $2,940 suggests rejection from strong resistance.
A break below $2,880 may signal a temporary correction toward $2,850.
Key Intraday Levels:
Support: $2,880, $2,850
Resistance: $2,940, $3,000
Possible Setups:
Breakout Buy: Above $2,940 → Target $3,000.
Support Buy: Around $2,880–$2,850 with stop loss below $2,840.
Short-term Sell: If price rejects $2,940 again, targeting $2,880.
Trading Ideas & Strategy
1. Swing Trading (Daily Chart Perspective)
Long Entry: Buy on a pullback near $2,850–$2,880, targeting $3,000–$3,250.
Stop Loss: Below $2,820.
2. Intraday Trading (1H Chart)
Buy: If price reclaims $2,940 → Target $3,000.
Sell: If price rejects $2,940 again → Target $2,880 with a stop loss at $2,955.
3. Risk Management
Keep SL tight (~$20-$30 range) due to Gold’s volatility.
Use trailing stop loss to secure profits as price moves higher.
Conclusion
Bullish Trend Dominates: Gold remains in a strong uptrend, and as long as it holds above $2,850–$2,880, buying dips remains the best approach.
Short-term Rejections Possible: If resistance at $2,940 holds, a small pullback may happen before another push higher.
Long-term Target: $3,000–$3,250 remains achievable in the coming weeks if bulls maintain control.
XAUUSD: Feb 17 intraday strategyTechnical analysis of spot gold
Daily resistance 2950, support below 2852
Four-hour resistance 2950, support below 2852
Gold operation suggestions: Gold was under technical pressure at the 2939 mark last Friday and ushered in a unilateral decline. The price in the Asian session relied on the 2920 mark and slightly rebounded. The European session broke through and stood on the 2930 mark and showed a strong rise. Before the US session, the gold price accelerated to break through the 2939 mark and fell back into shocks. Finally, it ushered in a unilateral decline in the US session. The gold price fell back and broke through the 2900 integer mark and closed weakly. The daily chart formed an engulfing decline.
From the current trend of gold, today's support below is around 2852, and the pressure above is around 2908-13. If the daily support 2852 is not broken, it will be seen as a shock operation. The trend is bullish. If the closing line breaks 2852, it will be seen as a deep correction. Overall, relying on this range to maintain high selling and low buying, patiently wait for key points to enter the market.
If it falls below 2876 in the short term, it may accelerate the correction to 2864, or even test the support of 2853
BUY:2852near SL:2847
BUY:2880near SL:2875
SELL:2910near SL:2915
SELL:2878near SL:2885
Technical analysis only provides trading direction!
Gold Extends Gains as Trade War Fears MountGold climbed above $2,900 per ounce, extending its gains for a second day as fears of a global trade war fueled demand. Concerns over President Donald Trump’s proposed reciprocal tariffs added to market uncertainty, increasing gold’s appeal. However, hawkish Fed comments capped further gains.
Fed Governor Michelle Bowman reiterated caution on rate cuts due to inflation risks, while Governor Christopher Waller suggested delaying reductions until inflation eases. Investors now await Wednesday’s Fed meeting minutes for more policy insights. Meanwhile, geopolitical tensions persist as markets watch for updates on a potential Russia-Ukraine ceasefire.
Key resistance levels are at $2,949, $2,975, and $3,000. Support is at $2,880, with further levels at $2,830 and $2,760.
XAUUSD H1 | Bearish Drop from 61.8% Fibo?Based on the H1 chart, the price is rising toward our sell entry level at 2914.99, aligning with a pullback resistance level and the 61.8% Fibonacci retracement.
A rejection at this level could drive prices lower toward our take profit at 2885.34, a pullback support level.
The stop loss is set at 2942.44, a swing high resistance.
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Trade Idea : XAUUSD LONG (BUY LIMIT)Market Analysis:
1. Daily Chart:
• XAUUSD is in a strong uptrend, making higher highs and higher lows.
• MACD is significantly bullish, confirming strong momentum.
• RSI is at 65.74, approaching overbought levels but not signaling a reversal yet.
• Price is currently near 2892, a key psychological level.
2. 15-Min Chart:
• Shows recent consolidation after a significant pullback.
• The price is stabilizing above 2890, forming potential support.
• MACD is neutral to slightly bearish, indicating short-term weakness but not a full reversal.
• RSI is 32.24, suggesting oversold conditions and a possible bounce.
3. 3-Min Chart:
• A minor downtrend is visible, with price testing intraday support at 2890.
• RSI at 27.32 indicates oversold conditions.
• MACD is slightly bearish but showing signs of potential reversal.
Trade Setup:
• Bias: Long (Buy)
• Entry: 2892.50 (near current price after confirmation of support holding)
• Stop-Loss (SL): 2885.00 (below recent intraday lows)
• Take-Profit (TP): 2908.50 (targeting the next resistance level)
• Risk-Reward Ratio (RRR): 2:1 FUSIONMARKETS:XAUUSD
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq rose within a small range, forming a box consolidation pattern. On the daily chart, buying pressure remains strong, and today’s candlestick will merge with yesterday’s due to the holiday. As mentioned previously, today is a key session where the 5-day moving average may provide support, meaning a pullback to this level is possible.
Since yesterday’s high remained in a consolidation phase, the pre-market and regular session today could see some downside movement. The reason is that the market has yet to test a key level, which increases the likelihood of a short-term pullback.
On the 240-minute chart, the buy signal remains intact, but low-volume choppy price action persists. If a sell signal emerges on the 240-minute chart, the Nasdaq could correct down to the 5-day MA, making this a key area to consider buying dips.
Since today’s candle will be a combined session with yesterday, traders should expect price swings that normally unfold in one day to play out over two sessions.
Crude Oil
Crude oil closed higher within a neutral range, forming a bullish daily candle. The key focus now is whether oil can sustain its double-bottom structure, leading to further upside.
For the MACD and signal line to maintain a sell signal on the daily chart, oil must break decisively below $70 by the daily close. If this does not happen, a double-bottom reversal could trigger a rebound, meaning traders should be cautious with short positions.
On the 240-minute chart, a buy signal has appeared, following a false breakdown and a potential double-bottom formation. If holding short positions, be aware of the risk of a sudden price surge.
With ongoing Ukraine-Russia peace negotiations, oil volatility could increase, so traders should remain cautious. A break above $72 would be a bullish confirmation, while a failure to hold $70 support could lead to another leg down. Risk management is crucial.
Gold
Gold rebounded on the daily chart, closing higher. The MACD has not yet crossed below the signal line, meaning that the market remains in a buy-biased structure, increasing the likelihood of continued upside.
While buying dips remains the preferred strategy, gold has already tested the 3-day and 5-day moving averages, meaning traders should now focus on lower time frames for entry confirmation.
If gold continues to rise today and breaks above the 3-day and 5-day moving averages, the MACD could turn higher again, confirming that the buy trend remains intact. However, if gold declines and the MACD forms a bearish crossover, traders should prepare for a potential move down toward the 20-day moving average, adjusting their strategy accordingly.
On the 240-minute chart, the MACD has dropped below the zero line, but the signal line remains above zero, suggesting that rebound attempts are likely. However, since the MACD’s downward slope is steep, a quick bullish crossover is unlikely. Even if gold rises, it may face resistance and pull back again, meaning traders should avoid chasing breakouts.
If the signal line falls below zero, this would be a bearish confirmation, making it safer to trade within a range—selling near highs and buying at lower support levels.
Given yesterday’s holiday, today could see increased volatility as markets adjust. Additionally, Wednesday’s FOMC meeting minutes release is expected to introduce further market swings.
Risk management is key—stay disciplined, and have a successful trading day! 🚀
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