GBPAUD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is below the resistance 2.02967, beginning of downtrend is expected.
We make sure when the support at 1.94297 breaks.
If the resistance at 2.02967 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 2.01490 on 02/03/2025, so more losses to support(s) 1.97390, 1.95896 and minimum to Major Support (1.94297) is expected.
Take Profits:
1.99134
1.97390
1.95896
1.94297
1.92784
1.91271
1.89131
1.85883
1.82533
1.80340
1.77000
1.72489
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Longterm
ATH 2880 XAU, can it be reached today?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Trump extended a 30-day delay on the 25% tariffs for Canada and Mexico, sparking optimism that a global trade war may be avoided. However, this does little to weaken the bullish outlook for the safe-haven metal. Meanwhile, Wednesday’s US economic calendar includes the ADP private-sector employment report and ISM Services PMI, which could impact the USD and create short-term trading opportunities for gold.
⭐️ Personal comments NOVA:
Gold price continues to maintain the uptrend, waiting for new ATH 2880 or 2900 this week, waiting for ADP-NF and NF results this week
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2900 - $2902 SL $2905 SCALPING
TP1: $2895
TP2: $2890
TP3: $2885
⭐️ 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
Will gold continue to hit new ATH?Gold News:
🔆Gold prices hit a fresh record high above $2,860 on Wednesday morning as concerns over the economic fallout from Trump’s trade tariffs and China’s retaliation continued to boost demand for traditional safe-haven assets.
🔆Gold prices took advantage of a weaker US dollar as trade tensions escalated
🔆The escalation of the US-China trade war weighed on the greenback, with the US Dollar Index (DXY) falling below 108.00.
🔆The benchmark 10-year US Treasury yield remained at bear market levels at 4.51%.
🔆Gold’s uptrend remains intact as price momentum picked up, as depicted by the Relative Strength Index (RSI). RSI (2-hour time frame) gives an overbought signal, but due to the strength of the trend, the most extreme level has increased from 70 to 80 and there is no sign of a reversal
Comment:
🔆Overall, the upward trend of gold prices is supported by fundamental factors such as trade tensions and safe-haven demand. In addition, investors should refer to today's US economic data such as ADP Non-Farm Employment Change and ISM Services PMI to make reasonable trading decisions.
🔆Analysis based on Trend Line combined with Fibonacci and Resistance - Support Zone.
🔆Support level: $2,843 $2,820 $2,800
🔆Resistance level: $2,888 $2,900
Plan:
🔆Price Zone Setup:
👉Buy Gold 2840 -2843 (European session)
❌SL: 2835 | ✅TP: 2849 - 2855 – 2862
👉 Sell Gold 2843 – 2845
❌SL: 2850 | ✅TP: 2839 – 2833 – 2825
👉 Buy Gold 2818 – 2820
❌SL: 2813 | ✅TP: 2825 – 2832 – 2840
Thank you for reading my comment: "FM"
Will Xauusd hit a new ATH today?News:
🔆Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, raising optimism that a full-blown trade war can be avoided. However, the continued heavy tariffs on China and China's retaliatory moves raise the bullish outlook for the safe-haven metal.
🔆On the other hand, the US economic calendar on Wednesday includes ADP Non-Farm Employment Change and ISM Services PMI, which could be a breakout to make a higher ATH or a recovery to accelerate the main trend
Personal opinion:
🔆RSI 1H from the extreme overbought zone above 80 is showing a slight recovery and showing signs of retracement to test the trend line
🔆Gold price remains in an uptrend, new ATH expected at 2890 or 2900, waiting for ADP Non-Farm Employment Change and ISM Services PMI
Plan:
🔆Price Zone Setup:
👉Sell Gold 2899 -2900
❌SL: 2905 | ✅TP: 2895 - 2890 – 2885
Thank you for reading my comment: "FM"
Will Xauusd reach a new all-time high today?Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, bolstering hopes that a full-fledged trade war will be avoided. However, the continuation of high tariffs on China, as well as China's retaliatory steps, point to a bullish prognosis for the safe-haven commodity.
In contrast, the US economic calendar on Wednesday includes ADP Non-Farm Employment Change and ISM Services PMI, which might be a breakout to make a higher ATH or a recovery to accelerate the main trend.
Personal opinion
The RSI 1H from the severe overbought zone above 80 shows a little rebound and signals of retracement to challenge the trend line.
Gold price stays in an uptrend, with a new ATH forecast at 2890 or 2900, depending on ADP Non-Farm Employment Change and ISM Services PMI.
Plan By Nexus Trades Zone
Price Nexus Trades Zone
Sell Gold 2899-2900
SL: 2905: TP: 2895-2890–2885
AUDUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
0.63475 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
A peak is formed in daily chart at 0.63295 on 01/24/2025, so more losses minimum to Trend Hunter Buy Zone (0.61710 to 0.61000) is expected.
Take Profits:
0.62874
0.63475
0.64388
0.65385
0.66210
0.66846
0.67965
0.69410
0.71541
__________________________________________
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Trade War, Will Gold Hit New ATH?News:
🔆 Trump postpones tariffs on Mexico and Canada, but not on China. The US 10-year bond yield continued to rise in the short term, reaching 4.57%. This caused the US dollar to recover in the short term, leading to a slight correction in gold prices during the Asian trading session.
🔆 However, China immediately imposed tariffs on US imports in response to the new US tariffs on Chinese goods, triggering a trade war between the world's two leading economies.
Commentary:
🔆 Gold prices are having a slight correction after reaching a new ATH. However, the latest developments in the trade war between countries are causing investors to consider gold as the top safe haven. Gold is expected to decline and then continue to rise in line with the main trend.
Technical Analysis:
🔆 Based on trend lines combined with Fibonacci and Support - Resistance levels
Plan:
🔆Price Zone Setup:
👉Sell Gold 2829 -2830 (European session)
❌SL: 2835 | ✅TP: 2825 - 2820 – 2815
👉 Sell Gold 2843 – 2845
❌SL: 2850 | ✅TP: 2839 – 2833 – 2825
👉 Buy Gold 2770 – 2772
❌SL: 2765 | ✅TP: 2777 – 2783 – 2790
Thank you for reading my comment: "FM"
Will GBP/USD rise after new economic data is released?The GBP/USD currency pair is being influenced by a number of key economic and political factors.
The rise is attributed to a weaker US dollar as markets assess the impact of economic policies in a second term for President Trump. The US dollar fell around 1% following news that any new tariffs would be applied in a “moderate” manner.
The pound has gained against other major currencies, although weak economic data from the UK has put pressure on government bond yields. Experts predict the Bank of England (BoE) could cut interest rates by 100 basis points this year.
However, today's economic data on Claims Change and Average Earnings Index 3M/Y is positive for GBP, so the currency could trend higher in the short term
Forecast:
GBP/USD is currently trading around 1.225… and will follow an upward trend towards the 4H trend line with a target of 1.24xx before falling. However, it should be noted that factors such as BoE monetary policy, US economic developments and Trump administration policy decisions will strongly influence the trend of this currency pair in the coming period.
Thank you for reading my comment: "FM"
XRP 1hour and 5min time frame, my idea what will happen. time 14:21, price is $2.43
1st profit taker: $2.46
sell order on $2.46 with potential profit taker $2.36 around time 15:50
What i use:
✔ 1H Chart: Identifies trend direction using EMA 50.
✔ 5M Chart: Confirms entries in the direction of the 1H trend when price pulls back to EMA 9 or EMA 21.
✔ Added: RSI or MACD for extra confluence.
🔹 Ideal for day traders and scalpers looking to trade XRP with higher accuracy. 🚀
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"
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"
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.
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"
USDCHF - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
0.89147 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.89147 is broken.
Technical analysis:
A trough is formed in daily chart at 0.89645 on 01/27/2025, so more gains to resistance(s) 0.91497, 0.92218, 0.94400 and more heights is expected.
Take Profits:
0.85510
0.86286
0.87474
0.88195
0.89147
0.90367
0.91497
0.92218
0.94400
0.96000
0.99200
1.01453
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WTI - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is above the support 64.000, resumption of uptrend is expected.
We make sure when the resistance at 80.100 breaks.
If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 66.510 on 11/18/2024, so more gains to resistance(s) 75.446, 77.920 and maximum to Major Resistance (80.100) is expected.
Take Profits:
75.446
77.920
80.100
83.961
87.000
93.882
100.802
109.192
126.350
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Bearish trends in the days ahead. Hello,
To all my folks who are trading forex. Right now everything has been going crazy with all the news across the world.
One thing can be sure is the USD is reigning supreme. With a guy sitting at the big White House in DC. Be rest assured he wants to be first at everything. He wants US first in everything. It’s only a matter of time before things start to reflect certain aspects of that. Especially the USD.
So let’s take a look at what the EUR has been doing for a while! What it has been doing for a long time is falling.
Things will continue to be that way. If we extend the times on the chart to 4hrs, day, week and even month. You can see that things are looking to trace back to low’s that haven’t been hit in years.
Of course, things will always have to retrace, you will have your support and resistance levels. That’s a gimme. It’s what we do at those levels is what will define these future trades.
At this time. It’s time to throw the towel in and admit. We are in a EUR/USD downtrend for a long time to come.
As always, research your entries, confirm your strengths and look for opportunities to trade smarter. If you enjoy this publish idea, please follow and boost this up.
- Thank you
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is below the resistance 199.790, resumption of downtrend is expected.
We make sure when the support at 182.782 breaks.
If the resistance at 199.790 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:
The descending flag taking shape suggests we will soon see another leg lower.
A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected.
Take Profits:
196.006
193.510
191.884
189.477
186.231
182.782
178.409
Total Profit: 3204 pip
Closed trade(s): 1584 pip Profit
Open trade(s): 1620 pip Profit
Trade Setup:
We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO.
Closed Profit:
TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit.
TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit.
TP3 @ 191.884 touched at 2025-01-13 with 480 pip Profit.
TP4 @ 189.477 touched at 2025-01-17 with 720 pip Profit.
67 + 317 + 480 + 720 = 1584 pip
Open Profit:
Profit for one SELL trade is 196.68(open price) - 192.632(current price) = 405 pip
4 trade(s) still open, therefore total profit for open trade(s) is 405 x 4 = 1620 pip
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TAO ANALYSIS📊 #TAO Analysis
✅There is a formation of Falling Wedge Pattern on daily chart with a breakout and currently trading around its major resistance area🧐
Pattern signals potential bullish movement incoming after a breakout of major resistance zone
👀Current Price: $479
🚀 Target Price: $659
⚡️What to do ?
👀Keep an eye on #TAO price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#TAO #Cryptocurrency #TechnicalAnalysis #DYOR
etc longterm buy"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
SOL - Two Massive Longs Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SOL is currently approaching an interesting zone as it nears the upper bound of the channel and its previous all-time high.
🏹For SOL to enter the price discovery phase and reach new ATHs, a daily candle close above $260 is required.
On the other hand, if it retests the green structure and the lower trendline, it would present a massive opportunity to accumulate at a discounted rate.
For now, we wait! ⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
US500 - Short-Term Pain!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈US500 has been in a correction phase and it is currently approaching the lower bound of the blue channel.
Moreover, the blue zone is a strong demand and structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #US500 approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
If the blue intersection is broken downward, a deeper correction towards the green intersection would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich