Gold Today: Steady Climb Toward New HighsHello everyone, it’s great to have you back as we discuss and explore today’s gold price trends.
Gold continues to trade near its highs, moving in line with the BOS (Break of Structure) predictions we discussed yesterday. The precious metal has approached the $2760 resistance level and appears poised to break through at any moment.
This stable rise in gold is largely driven by movements in the US dollar. After a period of gains, the dollar experienced a significant sell-off, pushing gold to its highest levels in nearly three months. Analysts, including Han Tan from Exinity Group, suggest that gold could reach the psychological milestone of $3,000/ounce if President Trump’s policies further boost inflation hedging and demand for safe-haven assets.
What about you? What’s your take on gold’s performance today? Share your thoughts in the comments below, and don’t forget to like if you agree with this outlook!
Wishing you all profitable and enjoyable trading!
Gold
XAUUSD BUY LIMIT ORDERHi everyone.
we have a BOS in higher TF and I think we're starting a pullback. I think these two areas has a good potential to set order.
I'll Update the TPs later but for now our last TP is 2790
Let's see how it reacts to those areas.
Please always consider the risk management.
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Navid Nazarian
World gold price todayIn the international market, at 6:00 a.m. on January 24, the world spot gold price was $2,753/ounce, down $7 from the highest price in the overnight trading session of $2,760/ounce. However, the gold price later rose to a new high, around $2,770/ounce, up nearly $20/ounce compared to today.
According to Jim Wyckoff, senior analyst at Kitco Metals, recent better economic data from the US suggests that the Fed may have to delay cutting interest rates longer and the higher interest rate environment increases the opportunity cost of holding Lis gold.
This expert commented that in the US stock market, stock investors are trading very strongly, so gold is less interested.
Another factor that investors are paying attention to is that President Trump announced that he would impose tariffs on goods from the European Union and is considering applying a 10% tax on Chinese imports from February 1.
However, if these policies are considered to be inflationary, causing the Fed to maintain high interest rates for a long time, the attractiveness of gold as an inflation hedge may decrease.
XAUUSD/GOLDGold is in an uptrend. The price has a chance to make a new high. It may test the 2818-2823 level. If the price cannot break through 2823, it is expected that the price will have a chance to go down. Consider selling in the red zone.
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XAUUSD H4 I Bearish FallBased on the H4 chart, the price is approaching our sell entry level at 2,775.66, which aligns with a strong resistance level and the 161.8% Fibonacci extension and thr 61.8% FIvonacci projection. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 2,747.22, an overlap support level where price may find buying interest.
The stop loss is placed at 2,793.34, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid
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GOLD ROUTE MAP UPDATEDear Traders,
Please see the circle golden color where exactly EMA5 crossing as per our analysis.
We shared 1H time frame 2 days before as per below and all targets being achieved.
BULLISH TARGET
2765
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2738 DONE
EMA5 CROSS AND LOCK ABOVE 2738 WILL OPEN THE FOLLOWING BULLISH TARGET
2751 DONE
EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET
2763 DONE
And now wait and watch
EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2765 will be achieved for the second time.
The price fluctuated between 2751.77 and 2763.350, but quickly dropped after the EMA5 crossed below and stayed under TP2 at 2751.77. This suggests a short bearish trend with a potential move down to 2737.500.
The H1 MA21 has been touched, and the EMA5 has crossed below MA21 which caused short bearish momentum.
GOLD climbs up after Trump Speech last night?GOLD sees last All Time High as Trump speech last night. He said that inflation must be in cooling condition. Now the sentiments are positives for this non-yielding assets and buyers still in control. Next big moment that traders should care is FOMC in the end of January. If FED still hold it's decision in last FOMC and keep high rates, GOLD price could be pressed and turn back to downtrend.
Technically, GOLD already break it's last swing high in H4 timeframe and now see 2780-2782 as the resistance based on fibonacci external retracement. If GOLD still climbs up, it will be go to the ATH before correction back to around 2720-2750.
Just insight, trade wisely and don't forget to set stop loss.
Today analysis for Nasdaq, Oil, and GoldNASDAQ
The NASDAQ closed higher, supported by the 3-day moving average on the daily chart. After a recent surge, it has reached the upper Bollinger Band, with both the MACD and signal line crossing above the zero line, confirming a buy signal. However, due to the sharp rally, there is potential for a pullback today. If the price retraces to the 5-day moving average, it could consolidate within a range, allowing moving averages to converge.
Should the NASDAQ fall further, the key question is whether it will fill the gap near 21700. If the gap remains unfilled and the price breaks higher, the daily buy signal would stay intact, potentially accelerating bullish momentum.
On the 240-minute chart, the sell signal remains active despite a rebound. Selling at higher levels is preferable, while watching if the MACD avoids falling below the zero line and instead forms a golden cross with the signal line. Focus on dip-buying and selling at resistance, keeping the potential for a pullback to the 5-day moving average in mind.
CRUDE OIL
Crude oil closed lower, falling below the $75 level. It ended near the midpoint of the large bullish candle from January 10 ($74.66) after further downside pressure. This week’s decline reflects President Trump’s push to lower oil prices.
Currently, crude is near the 20-day moving average and within the $74–$75 support zone, which aligns with the weekly 5-day moving average. This area is suitable for swing trading and dip-buying strategies.
On the daily chart, the MACD has crossed below the signal line, creating a short-term sell signal. However, the significant divergence from the zero line suggests that crude may consolidate with bullish candles before attempting another upward move.
On the 240-minute chart, the MACD has not yet formed a golden cross with the signal line, but selling pressure has weakened significantly. If a golden cross occurs, a strong rebound could follow. Avoid chasing shorts and focus on buying dips at key levels.
GOLD
Gold rebounded from key support levels, closing flat with a lower wick on the daily candle. The daily chart shows that bullish momentum remains strong, making dip-buying at major support levels the preferred strategy.
Gold touched the upper Bollinger Band on the weekly chart before pulling back, indicating that a clear trend may not emerge until next week.
On the 240-minute chart, a sell signal formed at the recent high, with the MACD divergence leading to a sharp decline. While the price is recovering, the sell signal remains active, increasing the likelihood of another pullback.
Gold appears to be consolidating within a range, building energy for the next leg higher. Today, focus on box-range trading with selling at resistance and buying at support. Be mindful of major economic data releases before the main session, and manage risks carefully. Best of luck with your trades, and have a successful end to the week!
■Trading Strategies for Today
NASDAQ - Bullish Market
-Buy: 21980 / 21910 / 21870 / 21790 / 21720
-Sell: 22040 / 22075 / 22110
Crude Oil - Range-bound Market
-Buy: 74.10 / 73.40 / 73.00 / 72.40
-Sell: 75.10 / 75.70 / 76.20 / 76.75 / 77.10
Gold - Bullish Market
-Buy: 2750 / 2743 / 2737 / 2731
-Sell: 2770 / 2774 / 2779 / 2785
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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Gold - 15 min ( Gentle Buy and Sell Scalping After Break Out )In the analysis of gold trading via FXCM, it is imperative to recognize the critical breakout levels on the 15-minute timeframe. A bullish outlook is suggested upon the successful breach of the key level around the 2763 area, accompanied by high trading volume. Conversely, a bearish sentiment may be warranted if the price breaks below the crucial level of 2750.50, also supported by significant volume. This approach focuses on delivering the most precise trading opportunities and analyses, emphasizing quality over quantity in our assessments.
⚡️Gold / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 2763 Area
🚨Bearish After Break Out key level + High Volume / 2750.50 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
XAUUSD Still a great multi year investment. Why it can reach $40Gold / XAUUSD recovered the November-December 2024 correction and resumed the long term bullish trend.
On this 1W chart, it is evident that the yellow metal is incredibly bullish after crossing over the top of the multi year Cup pattern in March 2024.
This Cup started on the 2011 High (All Time High then) and was practically the Bear Cycle after the golden multi year rally that followed Gold's ETF lauch in the early 2000s.
Right now we have started Gold's new Bull Cycle and with the 1week MA50 supporting, we expect another 5 years of growth.
Gold remains a sound long term investment, especially in a highly inflationary environment.
If you are a long term investor, buy and hold until $4000.
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GOLD → The bulls are fighting for 2750. ATH is close!FX:XAUUSD is in a bull run phase due to rising risks. The price is testing new highs and trying to consolidate above key resistance. Trump's speech is ahead and high volatility should be expected.
Gold price is consolidating in the bullish zone after breaking through the three-top resistance. Traders are analyzing the impact of President Trump's tariff policies, which have caused uncertainty in the markets and weakened demand for the dollar and bonds. Meanwhile, support for gold prices is provided by optimism from China's measures to stimulate stock markets.
Investors' attention is focused on US economic data, including weekly jobless claims and Friday's PMI from S&P Global, which could affect expectations for a Fed rate cut. Weak statistics will reinforce forecasts of two rate cuts this year, which supports interest in gold.
Technically, the focus is on 2750. If bulls hold their defenses above this zone, gold could head towards ATH.
Resistance levels: 2750, 2762
Support levels: 0.5 fibo, 2732
Bullish trend, high risks, politics. Lots of reasons that support the metal. But, today is Trump's speech, and this man knows how to make noise in the market. High volatility is possible. But, in general, gold looks as if it is ready to go up, perhaps it can even renew ATH
Regards R. Linda!
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our update form yesterday playing out, as stated.
We completed 2717, 2737 and 2753 with cross and lock confirmation giving us plenty of time to get in for the action all week. 2768 was open yesterday but we stated that we will not chase this now, as a correction is due and we will use our lower Goldturn for support instead inline with our plans to buy dips.
- This played out perfectly, as the gap remained open and we got the correction into the lower Goldturn 2737 for the perfect bounce and reaction with price now heading back up like we analysed.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2717 - DONE
EMA5 CROSS AND LOCK ABOVE 2717 WILL OPEN THE FOLLOWING BULLISH TARGET
2737 - DONE
EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET
2753 - DONE
EMA5 CROSS AND LOCK ABOVE 2753 WILL OPEN THE FOLLOWING BULLISH TARGET
2768
EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET
2786
BEARISH TARGETS
2696 - DONE
EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE FOLLOWING BEARISH TARGET
2675
EMA5 CROSS AND LOCK BELOW 2675 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2661 - 2647
EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE SWING RANGE
SWING RANGE
2632 - 2618
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold: Potential Correction After Testing Key Resistance Levelshello guys!
Key Resistance Zone: The price has reacted strongly at this confluence of resistance, signaling the potential exhaustion of the recent bullish momentum.
Correction Scenario: A pullback to the breakout (BO) level, represented by the blue area, appears likely as the price consolidates below the resistance. This region could provide a strong support level, potentially around $2,710-$2,730.
Channel Dynamics: The price is still within an ascending channel, suggesting that a retracement would be corrective rather than a trend reversal. The lower bounds of the blue area or the midline of the channel could serve as dynamic support.
Confirmation Needed: If the price fails to hold above the BO level (blue area), the next support targets would lie near $2,678 (Fibonacci retracement zone), which aligns with the prior market structure.
__________________________
Strategy for Traders:
For Shorts: Short-term traders can look for rejection signals at the current resistance, targeting the BO level for potential profit-taking.
Prime Buying Opportunity for Crude Oil Nearing
Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend.
Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading.
Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy.
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GOLD FURTHER SELL OFF?! (UPDATE)Gold has successfully climbed up towards our 'Option 2' price zone & sellers have been rejecting that zone nicely, pushing price back down.
However, $2,737 - $2,732 is a crucial zone for Gold. If buyers keep rejecting this zone, then there's a chance that price could start another bull run from this price & push upwards of $2,800+. Keeping a close eye here.
GOLD : Consolidation with Bearish Breakout Gold Technical Analysis
The price reached our bearish target of 2739, as anticipated in yesterday's analysis, starting from 2758.
Currently, there is potential for the price to touch 2747 before resuming a downward movement. If a 15-minute candle closes below 2739, the price is likely to drop further, targeting 2731 and 2722.
For now, the movement range remains between 2739 and 2756 until a breakout occurs.
A breakout above 2759 will likely drive the price higher, targeting 2773 and 2787.
A sustained 1-hour candle close below 2739 will confirm further bearish movement.
Key Levels:
Pivot Point: 2739
Resistance Levels: 2756, 2773, 2787
Support Levels: 2731, 2722, 2706
Trend Outlook:
Bullish Trend if break above 2759
Bearish Trend if a 1-hour candle closes below 2739
Previous idea:
SPY/QQQ Plan Your Trade For 1-23-25 : Carryover PatternToday's Carryover pattern suggests the markets will attempt to hold near recent support while attempting to determine trend. I view it as move of an indecisive day - looking to see if the markets can break to new all-time highs or if the markets have reached the top I've been discussing.
In my opinion, today will be a pause/consolidation day in the SPY/QQQ - leading to the big CRUSH pattern tomorrow.
Gold and Silver are under quite a bit of pressure this morning. The metals pattern is a BOTTOM pattern. So, I expect this selling in metals to be reflective of issues that will drive the SPY/QQQ downward tomorrow (the CRUSH pattern) and likely result in a moderate downward trend in the SPY/QQQ over the next 2 weeks.
Metals will recover and try to move higher as metals continues to hedge against global risks.
BTCUSD is moving downward - trying to break below the Flag Support level of the EPP pattern.
I believe tomorrow will be a pivotal day for the markets and today will be a fairly consolidated day overall.
Get some.
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"JPY/USD Bearish Channel Analysis: Potential Reversal Near ResisThis chart shows JPY/USD moving within a clear descending channel, marked by a resistance trendline (upper boundary) and a support trendline (lower boundary). The price is respecting the structure of the channel, bouncing between these trendlines.
### Key Observations:
1. **Current Position:** The price is near the resistance trendline, suggesting a potential reversal to the downside in line with the channel's bearish trend.
2. **Projected Move:** Based on the arrow drawn, the expectation is for the price to move lower toward the support trendline.
3. **Trend:** The overall structure indicates a bearish market within this channel.
### Possible Action:
- Look for selling opportunities around the resistance trendline with targets toward the lower boundary of the channel (support).
- Watch for a breakout from the channel if momentum builds significantly, as this could indicate a change in the trend.
GOLD - Price can make move up and then fall to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price broke $2640 level and then declined a little, after which turned around and started to grow inside channel.
In channel, price reached support area and then bounced to support line of channel, and then rose higher than $2640 level, breaking it.
Next, Gold corrected and then continued to grow to resistance line of channel, after which made a small correction again.
Price rose to $2720 level, broke it, and madea retest, after which it soon exited from rising channel as well.
After this movement, Gold rose a little higher and then started to decline, so, now I think it can rise a little.
Then Gold can continue to decline to $2710, which is located in support area.
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XAU/USD : Liquidity Grab at $2733, Next Trend Awaits NY Session!By analyzing the 4-hour gold chart, we see that the price finally broke out of the neutral range of $2702-$2714 today, reaching as high as $2733 and clearing liquidity above $2727. After this liquidity grab, gold experienced a slight correction, retracing to $2717. Currently, the price is trading around $2722.
As the New York market opens, we’ll see if gold can establish its next trend. It’s still too early to declare a bearish shift, as the bullish trend remains intact until the price breaks and stabilizes below $2688. For now, consider these levels for positions:
Supply Zones: $2727, $2742, $2753
Demand Zones: $2717, $2711, $2703
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HelenP. I Gold can rebound from trend line to support levelHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price declined to the trend line and then at once rebounded from this line to support 1, which coincided with the support zone, breaking support 2. Then the price made a correction, after which reached the trend line and then rebounded and rose back to the support zone (2725 - 2715) and then dropped to the trend line. When the price fell to this line, it broke it and declined to the support zone, which coincided with support 2 and then started to grow inside the upward channel. In the channel, the price reached the support line and some time rose near this line and then bounced and in a short time rose to support 1. Soon, the price broke this level and continued to move up next and now it almost reaches the trend line. For this case, I expect that XAUUSD will reach this line and then turn around and start to decline to support level inside an upward channel. That's why I set my goal at the 2715 level. If you like my analytics you may support me with your like/comment ❤️