Accumulating uptrend above 2800 zone ! XAU / USD✍️ NOVA hello everyone, Let's comment on gold price next week from 02/03/2025 - 02/07/2025
🔥 World situation:
Gold prices hover near record highs above $2,800 on Friday as risk aversion grows following the White House’s clarification on US tariff plans. Contrary to earlier Reuters reports, Press Secretary Karoline Leavitt confirmed that 25% tariffs on Canada and Mexico will take effect on February 1, not March 1, and announced a 10% duty on Chinese imports. At the time of writing, XAU/USD trades at $2,797, up 0.15%.
🔥 Identify:
Gold price creates new ATH this week: 2817, market has great potential. In the context of the Trump administration applying tax on Canada and Mexico, the dollar is certainly affected to decrease, under pressure from the tax again, opportunity for gold price to continue to grow.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2817, $2833, $2850
Support : $2788, $2762, $2718
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Longsetup
Why did gold prices surge and hit a new ATH over the weekend ?Gold News:
🔆 New US Tax Policy : The Trump administration announced plans to impose a 25% tariff on imports from Mexico and Canada. This increased concerns about trade tensions, causing investors to seek gold as a safe-haven asset.
🔆 Weak US economic data : US GDP in the fourth quarter of 2024 increased by only 2.3%, lower than the forecast of 2.6%, raising expectations that the US Federal Reserve (Fed) may have to cut interest rates in the coming months. This weakened the USD, supporting gold prices.
🔆 US bond yields fell : The yield on the 10-year US Treasury bond maintained its downward trend to 4.54%, making gold more attractive than fixed-income assets.
🔆 Global Risk Aversion : In addition to the uncertainties from the US, the market also reacted to the geopolitical situation in the Middle East and Europe, with news of escalating tensions between Iran and Israel.
🔆All these factors pushed the price of gold to a record high, reaching a new peak of $2,817/ounce
Technical analysis and commentary:
🔆The current gold price is still maintaining an upward trend, however, the RSI shows that gold is correcting down, which could create a stronger upward momentum. Economic data is leaning towards buyers and there is no clear sign that sellers will join in. The analysis is based on support and resistance levels combined with Fibonacci to come up with a reasonable plan.
Resistance: $2,817, $2,838, $2,850
Support: $2,788, $2,765, $2,734
Thank you for reading my comment: "FM"
"ANON at a Turning Point: Reversal or More Downside?"Current Trend Overview
The price has been in a clear downtrend with multiple Break of Structure (BOS) confirming bearish sentiment.
Change of Character (CHOCH) attempts indicate some reaction from buyers, but they have not yet succeeded in shifting momentum.
The red shaded area represents a bearish supply zone acting as resistance.
Upside Reversal Potential
The price is currently testing a discount zone (demand area) where buyers have stepped in before.
MACD Analysis:
The MACD line (blue) is crossing above the signal line (orange), indicating early bullish momentum.
The histogram is also turning less negative, which suggests a potential reversal.
If buyers can hold above the current support zone (around $7.80 - $8.00), then an upside move could develop.
Key Accumulation Zones (Buy Areas)
Strong Accumulation Area: $7.50 - $8.00 (Highlighted demand zone).
Aggressive Entries: Around $8.00, with stop-loss below $7.50.
Safer Accumulation: If price retests $7.50 - $7.60 again and confirms buying pressure.
Support & Resistance Levels
Immediate Support: $7.80 - $8.00 (current demand zone).
Next Major Support: $7.50 (in case of a deeper correction).
Resistance Levels (Profit Targets):
First target: $9.00 - $9.50 (Equilibrium Zone).
Second target: $10.50 - $11.00 (Previous supply area & resistance).
Major Resistance: $12.00 - $12.50 (End of the downtrend structure).
Conclusion
The price is at a potential reversal zone, but confirmation is needed.
Ideal Strategy: Accumulate in the $7.50 - $8.00 range with targets at $9.00 - $10.50, while keeping a stop below $7.50.
Breakout Confirmation: If price breaks above $9.00 with volume, it increases the probability of a sustained uptrend.
Gold Trends in European and US Trading SessionsNews:
🔆XAU/USD hit a record high of $2,817.23 an ounce on January 31 after US President Donald Trump imposed 25% tariffs on imports from Canada and Mexico, along with a 10% tariff on goods from China, raising concerns about a global trade war.
🔆Gold prices are forecast to reach $3,000 an ounce by the end of 2025, based on expectations of interest rate cuts and increasing global uncertainty.
🔆However, gold prices fell nearly 1% on Monday. The decline was largely due to President Trump's tariff policies, which have strengthened the US dollar in the short term.
Technical analysis:
Support: The $2,770 area (European trading session) is considered a key support level. If gold holds above this level, the uptrend could continue.
Resistance: The record high of $2,817.23/ounce is now a major resistance level. Breaking through this level could open up new bullish momentum for gold.
Conclusion:
🔆Gold prices are still in a strong uptrend. However, gold prices are in a correction phase due to the strengthening of the US dollar. However, the demand for gold as a safe-haven asset could limit the decline. Monitoring economic and political developments, especially trade policies and fluctuations in the US dollar, will be important to predict the gold price trend in the coming time.
Analysis based on resistance - support zones combined with Fibonacci
Plan:
🔆Setting a price range:
👉 Buy gold 2768 - 2770 (EUROPEAN TRADING SESSION)
❌SL: 2761 | ✅TP: 2773 – 2780 – 2790
👉 Sell gold 2817 -2820
❌SL: 2824 | ✅TP: 2812 - 2806 – 2800
👉 Buy gold 2748 – 2750
❌SL: 2744 | ✅TP: 2755 – 2762 – 2770
Thank you for reading my comment: "FM"
Tata Motors Forms Reverse H&S, Targets 61.8% Fibonacci Level?Tata Motors trying to form a reverse head and shoulders pattern, a bullish indicator suggesting a potential price reversal. As the stock continues to rise, it is anticipated to touch the 61.8% Fibonacci retracement level possibly before the upcoming announcement of Quarterly results (17% up move from current levels), a critical point often associated with significant price movements. Investors should watch for confirmation of this pattern to gauge potential upward momentum.
View invalidates below 720 on Daily close.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
BTC / USDT : Holding strong at 92K - Bounce incoming ?Bitcoin (BTC/USDT): Holding Strong at GETTEX:92K – Bounce Incoming?
Bitcoin is showing resilience at the GETTEX:92K support level, holding firm despite market fluctuations. This critical level has acted as a strong demand zone, and if buyers step in, we could see a bullish bounce from here. The next move will be crucial in determining BTC’s short-term trend.
Key Insights:
1️⃣ Major Support at GETTEX:92K : BTC has been testing this level, and a strong rebound could trigger a move towards higher resistance zones.
2️⃣ Volume Confirmation: A noticeable increase in buy volume would signal strength and confirm the potential bounce.
3️⃣ Bullish Indicators: Momentum indicators like RSI and MACD are showing signs of reversal, suggesting that bulls might be ready to take control.
Steps to Confirm the Bounce:
✅ Strong 4H or Daily Close Above GETTEX:92K – A solid candle close above this level would confirm demand.
✅ Volume Surge During the Rebound – Watch for increasing buying pressure to validate the move.
✅ Retest Holding as Support – If BTC retests GETTEX:92K and holds, it strengthens the bullish case.
⚠️ Beware of Fakeouts – Sudden dips below GETTEX:92K followed by quick recoveries could indicate stop-hunt moves.
Risk Management Strategies:
🔒 Use Stop-Loss Orders – Protect your capital in case of unexpected breakdowns.
🎯 Position Sizing – Ensure your trade aligns with your overall strategy and risk tolerance.
This analysis is for educational purposes only and not financial advice. Always DYOR before making any investment decisions. 🔍
USDCAD currency pair trend after US imposes 25% tariff on CanadaNews:
🔆The Canadian dollar weakens as Donald Trump imposes 25% tariffs on Canada on February 1
🔆 Monetary policy : The Bank of Canada (BoC) has cut its benchmark interest rate to 3.00% by January 2025, following previous cuts. This rate cut could weaken the CAD, while the US Federal Reserve (Fed) is also in an easing cycle.
🔆 Oil prices : Canada is a major oil exporter, so oil price movements have a significant impact on the CAD. Oil prices have recently risen on expectations of higher demand from China, which could support the CAD.
Technical analysis:
🔆 Long-term trend : USD/CAD continues its strong uptrend, especially after breaking out of its previous short-term trading range.
🔆 Support and Resistance : If the uptrend continues, the next resistance level could be in the 1.4900–1.5000 range. Conversely, if there is a downside correction, the key support level to watch is 1.4280.
Future Outlook:
CAD is expected to strengthen in 2025 as lower interest rates stimulate economic growth and increase investor risk appetite. However, this outlook depends on the recovery of the global economy and demand for commodities, especially oil. Additionally, Canada is also considering a delicate tariff policy approach with the US to limit CAD weakness against the USD
Conclusion:
The USD/CAD pair is currently in a strong uptrend, supported by technical and fundamental factors. However, traders should be cautious and closely monitor economic developments, monetary policies and oil price fluctuations to make sound trading decisions.
Is Gold Price Heading for an All-Time High?🔆News:
• Gold prices remained elevated heading into the European session on Friday, hitting a fresh multi-month high near $2,778 in the final hour. Comments from US President Donald Trump, declaring that he did not want to impose tariffs on China, eased concerns about a trade war and inflation. This pushed US Treasury yields further lower, as Trump called for lower interest rates, pushing the US dollar to a one-month low and boosting demand for the non-yielding precious metal.
• Trump said his discussions with Chinese President Xi Jinping were friendly and expressed optimism about securing a trade deal without resorting to tariffs. This eased concerns that his protectionist measures could fuel inflation, while also reinforcing expectations of further monetary easing by the Federal Reserve, which supported gold prices.
• Market participants are now waiting for the fast-moving PMI data to get a clearer picture of the health of the global economy. Any deterioration in risk sentiment could boost XAU/USD.
🔆 Opinion:
• The 1H Relative Strength Index (RSI) is approaching overbought levels, suggesting a possible minor pullback before the next significant rally towards the crucial 1.618 Fibonacci level at $2,790, which is a strong resistance zone.
• On the downside, the nearest support lies between $2,760 and $2,758. A break below this range could push gold prices down to retest recent lows, with the final buy zone located between $2,720 and $2,723.
🔆 Plan:
Price Zone Setup:
👉 Buy Gold 2720 – 2723
❌SL: 2715 | ✅TP: 2730 – 2737 – 2745
👉SELL Gold 2788 -2790
❌SL: 2794 | ✅TP: 2784 - 2780 - 2775
Thank you for reading my comment: "FM"
Xau/Usd Comments for Today's US Trading SessionFactors Affecting Gold Price Today
1. Waiting for US Advance GDP q/q và Unemployment Claims
One of the important events that the market is watching today is Advance GDP q/q và Unemployment Claims. If the numbers are lower than expected, this could put pressure on gold.
2. Fed Monetary Policy
The Fed kept interest rates unchanged at its most recent meeting and stressed that it is in no rush to cut. Chairman Jerome Powell said that more data is needed to ensure that inflation is actually falling before considering a policy adjustment.
Currently, the market is betting on the possibility of the Fed cutting interest rates in May or June, which will support gold prices in the medium term.
3. USD and US bond yield movements
The USD index stabilized around 108, while the US 10-year bond yield hovered around 4.5%, maintaining a downward trend after peaking on January 14. If the USD weakens or yields continue to fall, gold prices may continue to rise.
4. Impact from geopolitical tensions and tariffs
US President Donald Trump is considering new tariff policies, which may impact risk sentiment in financial markets. If concerns about trade policies increase, safe-haven demand for gold may increase.
Conclusion
In the short term, gold is still under pressure from monetary policy, but in the long term, expectations of a Fed rate cut may support gold prices to rise. Investors should closely monitor market developments and important economic data to have appropriate trading strategies.
Plan:
🔆 Set price range:
👉 Buy gold 2730 – 2733
❌SL: 2725 | ✅TP: 2738 – 2745 – 2752
👉SELL Gold 2788 -2790
❌SL: 2796 | ✅TP: 2783 - 2777 - 2770
Thank you for reading my comment: "FM"
ETH - POTENTIAL SETUPThe ETH/USDT daily chart is showing a potential bullish setup with a Falling Wedge pattern, which often indicates a trend reversal to the upside. Additionally, a Bullish ABCD Harmonic Pattern aligns with key Fibonacci levels, suggesting that the 2817-2700 support zone could act as a strong reversal point.
The RSI is in oversold territory on 4H, hinting at a possible bounce soon. If the price breaks out of the wedge, the first target would be 4,112 (46.10% gain), with a second target at $5,002 (77.18% gain). For traders, entering near 2817-2700 offers a good opportunity, with a stop loss placed just below $2,496 to minimize risk.
AEVO LONG DEVIATION For the past 7 months, AEVO has ranged between $0.60 and $0.25. It seems to have broken below this range, creating a new low. However, for those with patience, this presents an ideal setup for a long position in this coin.
At the moment, market psychology suggests the following:
Traders who bought at the support zone are now losing money and likely closing their positions or even opening shorts, adding liquidity.
Meanwhile, whales that shorted from $0.64 down to the current levels are likely accumulating below support.
These whales could push the price higher to liquidate short positions.
As the price rises, short sellers may be forced to close in losses or add to their losing positions, creating further fuel for an upward move.
If the price re-enters the range, this would confirm that the breakdown was just a stop hunt, signaling a good opportunity to open a long-term position.
Wormhole (W) – A Strong Buy Opportunity Amidst Reversal SignalsWormhole (W) is showing a strong bullish setup, making it a prime opportunity for investors looking to capitalize on a potential reversal.
📉 Technical Analysis: Strong Support and Bullish Reversal Signals
Discount Zone Support 📊
W has recently taken strong support from the discount zone, a key area where institutions and smart money often accumulate positions before an upward move. This suggests that selling pressure is weakening, and a reversal is imminent.
RSI Bullish Crossover 🔄
The Relative Strength Index (RSI) has given a bullish crossover, signaling that the asset is transitioning from an oversold state to a potential uptrend. Historically, such crossovers have led to strong price recoveries.
Break of Structure (BOS) & Change of Character (ChoCH) 🏗
The chart also indicates a break of structure (BOS) in key levels, which suggests that previous downward trends are losing momentum. The Change of Character (ChoCH) is another confirmation that buyers are stepping in aggressively.
🔼 Upside Potential and Target Levels
Immediate Resistance: $0.28 – A break above this level could trigger rapid price movement.
Short-Term Target: $0.50 – A key psychological and technical resistance level.
Mid-Term Target: $1.00 – A major milestone for price recovery.
Long-Term Potential: All-Time High (ATH) – If momentum sustains, W could aim for a full retracement to its ATH.
🔥 Fundamental Catalysts & Recent Developments
Strategic Airdrop Announcement 🎁
Wormhole has recently announced a community airdrop to reward early adopters and active users.
This move boosts engagement and attracts new investors, increasing demand for the token.
Growing Institutional Interest 💰
Recent on-chain data suggests accumulation by large wallets, indicating confidence in the project’s long-term potential.
Expanding Ecosystem & Partnerships 🌎
Wormhole continues to expand its cross-chain interoperability solutions, making it a key player in blockchain infrastructure.
Partnerships with major DeFi projects are enhancing adoption and utility, driving organic growth.
💡 Why This is a Strong Buying Opportunity?
✅ Technical Reversal in Play – RSI crossover, BOS, and ChoCH indicate a shift in momentum.
✅ Fundamental Strength – Airdrops, partnerships, and institutional interest bolster confidence.
✅ Massive Upside Potential – Aiming for $0.50, $1.00, and possibly its ATH.
⚡ Final Thoughts
Wormhole (W) is presenting a rare opportunity at current levels. With strong support, a confirmed bullish structure, and key fundamental catalysts, the token is well-positioned for significant price appreciation.
🚀 Now is the time to accumulate before the next breakout!
ALONUSDT Technical Analysis (4H Chart)The price is currently in a descending triangle pattern, consolidating near the lower range. A strong breakout above the trendline could signal a bullish move with minimal risk.
📌 Entry Strategy:
Enter after a confirmed breakout above the descending trendline with volume.
Keep a tight stop-loss below the breakout candle to minimize risk.
First target: The previous resistance level (around 0.025 USDT).
💡 Risk-Reward Ratio: Favorable setup, as risk is limited while the potential reward extends to the upper channel resistance.
📊 Wait for confirmation before entering. If price closes above resistance with strong bullish momentum, it could lead to a high-probability trade. 🚀
PCE news - gold continues to make new ATH⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices remain steady despite the Fed’s hawkish stance, as the central bank unanimously held rates at 4.25%–4.50% on Wednesday, citing a resilient economy, slow inflation progress, and a recovering job market. Meanwhile, uncertainty lingers over Trump’s tariff plans, with a Saturday deadline for 25% tariffs on Mexico and Canada and hints at broader levies exceeding the 2.5% previously suggested by Treasury Secretary Scott Bessent. The swaps market anticipates 50 bps of Fed rate cuts in 2025.
⭐️Personal comments NOVA:
Bullish Market FOMO - Waiting for New ATH 2816 to be Reached Today
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2815 - $2817 SL $2822
TP1: $2808
TP2: $2800
TP3: $2790
🔥BUY GOLD zone: $2764 - $2766 SL $2759
TP1: $2772
TP2: $2780
TP3: $2790
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
ETH ANALYSIS🔮 #ETH Analysis - Update 🚀🚀
💲 We can see a formation of Bullish Flag Pattern in #ETH with a breakout of the pattern which indicate a bullish momentum.
💸Current Price -- $3560
📈Target Price -- $4400
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #Breakout #DYOR
chz buy midterm"🌟 Welcome to Golden Candle! 🌟
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Downward correction - waiting to create ATH in US session⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices remain steady despite the Fed’s hawkish stance, as it unanimously kept interest rates at 4.25%–4.50% on Wednesday, citing economic resilience, slow inflation progress, and a strengthening labor market. Meanwhile, uncertainty surrounds Trump’s trade policies, with a Saturday deadline for 25% tariffs on Mexico and Canada, alongside plans for broader levies exceeding the 2.5% previously suggested by Treasury Secretary Scott Bessent. The swaps market currently prices in 50 bps of Fed rate cuts for 2025.
⭐️ Personal comments NOVA:
Gold price is still sideways around the price range of 2785 - 2800, accumulating and waiting for PCE news in the US session.
⭐️SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2786 - $2784 SL $2781
TP1: $2790
TP2: $2795
TP3: $2800
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account