Metals
GOLD--> Test ATH 2942. Are buyers ready to act ?OANDA:XAUUSD testing ATH levels which could trigger growth momentum. The target of 3000 is getting closer day by day. Imminent in the near future...
Metals are consolidating after the price surge, maintaining an upward trend. Supported by Trump's tax plan and Fed easing expectations.
Meanwhile, the US Dollar (USD) and US Dollar Index (DXY) are significantly weaker. Markets are reacting to the delay in tariff implementation and comments from Trump and Powell about the need for interest rate cuts (requiring weeks or months before implementation), which has supported gold. Ahead lies potential profit-taking and impact from US Retail Sales data for January to be released.
Resistance levels: 2942, 2950
Support levels: 2929, 2923, 2908
Emphasis on key support levels. From there, price will realize growth potential. I don't rule out the possibility of retesting 2929-2922 before buyers continue their action.
Best regards, Bentradegold!
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Bitcoin is digital gold, Ethereum is digital silver!
CRYPTOCAP:BTC is gradually moving towards the market value of TVC:GOLD , then the same applies to eth silver and this is inevitable.
It should not be forgotten that crypto dynamics move faster and it will not take long for the market cap gap to be closed.
Gold → Accelerating Upwards NorthOANDA:XAUUSD returning to the trend following news (inflation). The northbound train may continue from 2907. Upcoming unemployment claims and PPI data.
Gold is supported by uncertainty surrounding Trump's tariffs and economic data from the United States. The Fed remains hawkish due to rising inflation, pushing bond yields higher and driving prices down to $2,865 briefly. However, buyers quickly returned, pushing prices back up.
Meanwhile, traders are awaiting PPI data which could influence Fed policy.
Technically, prices are consolidating in the buying zone compared to key points at 2900 and 2907. If buyers can hold and strengthen above the 2907 resistance level, gold could update ATH in the medium term. Additionally, focus is on 2918 - 2920. Price consolidation above this zone will also support prices.
Best regards,
Bentradegold!
GOLD → Accelerating northward. Targeting $3000Hello dear friends, Ben here!
Today, gold continues its strong upward momentum. Taking inspiration from previous growth - high economic risk. The price is moving increasingly closer to the previously anticipated mark of $3000.
Accordingly, gold broke above the trend channel boundary and the $2850 mark at the start of the week in the US, but growth is being limited by the strengthening dollar due to escalating trade risks. Trump announced on Sunday that he would impose new 25% tariffs on all imported steel and aluminum products, exacerbating the pain for the Euro and commodity-linked Australian Dollar (AUD) and New Zealand Dollar (NZD), thereby channeling new buying interest into the safe-haven currency - the US Dollar.
Gold prices also benefited further from the People's Bank of China (PBOC) expanding its gold reserves for the third consecutive month in January and expectations of more stimulus measures from China. However, in the coming days, USD could extend its recovery if risk flows intensify or markets return to profit-taking on USD short positions before US CPI inflation data is released on Wednesday. Moderate expectations from the Fed, hopes for Chinese economic stimulus, and lurking trade war risks will help limit gold's downside.
Technically, we are currently monitoring around the psychological area of 2904 and the main support level is 2882.
Resistance level: 2904 (unconfirmed)
Support levels: 2882, 2870, 2853
Bulls seem to remain hesitant around the 2904 area with prices potentially continuing their upward trend without any reversals. But! The most likely scenario at this point is a false break of 2904, with a short-term correction to retest liquidity before bulls head northward.
GOLD → Heading into tonight: Is 3K still a valid target ?OANDA:XAUUSD has approached the 2950 level but has yet to reach the key psychological threshold. The current price action indicates a correction phase, allowing the market to rest and accumulate liquidity ahead of key news releases, with a potential move northward on the horizon.
Gold is currently testing the 2900 level following Trump’s new tariff announcement, maintaining strong demand. The primary focus remains on Powell’s speech and the U.S. inflation data, as these will be the key factors influencing expectations for a Fed rate cut, which is the main driving force behind gold’s movement... Theoretically, the situation remains unclear as gold approaches strong support levels.
From a technical perspective, a correction is a logical scenario in a strong market. Technically speaking, prices cannot rise indefinitely; they require energy, which is replenished through seller pressure.
Currently, key focus areas include 2912, Fibonacci 0.618, and Fibonacci 0.5 levels.
Resistance levels: 2912, 2930
Support levels: 2901 (Fibonacci 0.618), 2888 (Fibonacci 0.5)
Powell’s speech, scheduled for tonight, and tomorrow’s U.S. inflation data will be the main catalysts. High volatility is inevitable. However, overall economic conditions continue to support this precious metal.
Before moving higher, gold may first test 2901 and 2888. The target remains within the familiar range of 2950 to 3000.
Best regards, Bentradegold!
XAUUSD: February 14 short-term bullish, long-term target 3000Gold technical analysis
Daily resistance 2950, support below 2852
Four-hour resistance 2950, support below 2896
Gold operation suggestions: Gold bottomed out and rebounded strongly to break a new high in the shock yesterday. The price of the Asian and European sessions was under pressure and fell back to the 2922 mark and then fluctuated repeatedly. The US session fell and stabilized for the second time at the 2906 mark and ushered in a strong rebound to break a new high. The gold price stood firmly above 2925 and continued the bullish strength. Today, the gold price hit the 2930 mark again at the opening of the Asian session. The short-term gold price experienced a slight adjustment and returned to the bullish strong range.
From the 4-hour analysis chart, today's support below is around 2900-2896, and the pressure above is around 2940-45. Rely on this range to wait for low-price buying during the day. The target is 2950 and then look at the 3000 mark. The short-term bullish strong dividing line is 2896. The daily level stabilizes above this position and continues to buy at a low price.
BUY:2896near SL:2893
BUY:2910near SL:2906
BUY:2943near SL:2940
The strategy only provides trading directions.
"Gold Bullish Continuation: Waiting for Retest and Buy ConfirmatThis XAUUSD 4-hour chart shows a strong bullish trend with higher highs and higher lows. A major support zone has been identified, and price is expected to retest this area before a potential continuation to the upside. The weak high suggests liquidity above, making it a potential target. The analysis indicates waiting for a retest at the support zone and confirming a buying opportunity before targeting higher levels. OANDA:XAUUSD
GOLD Local Short! Sell!
Hello,Traders!
GOLD made a bullish
Rebound from the support
Below just as I predicted
And is now going up again
But Gold will soon hit a
Horizontal resistance
Level of 2942$ which is
Also an all-time-high
So we will be expecting
A local bearish correction
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Silver at $32.90, Asian Demand Fuels RiseSilver jumped to $32.90 on Friday morning, fueled by increased demand for safe-haven assets amid rising trade tensions and geopolitical risks. Additionally, strong demand from China and other Asian markets has further supported silver prices.
From a technical perspective, $33.15 is the first resistance level, with further targets at $33.80 and $34.50 if the price breaks higher. On the downside, $31.40 serves as the first support level, followed by $30.90 and $30.20 if selling pressure intensifies.
Gold Steady, Set for Seventh Weekly GainGold traded at $2,930 per ounce, maintaining its position for a seventh weekly gain. On Thursday, President Trump instructed federal agencies to explore ways to align U.S. tariffs with those of other countries, though without immediate implementation. While the delay eased some concerns, fears of escalating global trade tensions persisted, driving investors toward gold.
Meanwhile, U.S. producer inflation exceeded expectations, following strong consumer inflation data earlier in the week. This reinforced the view that the Fed is unlikely to cut interest rates soon. Despite this, gold remained resilient, supported by trade war uncertainties and a weaker dollar, which made the metal more affordable for foreign buyers.
The first resistance is at $2,949, with further levels at $2,975 and $3,000 if the price moves higher. On the downside, $2,885 is the first support level, followed by $2,830 and $2,760 if selling pressure increases.
Gold on the Rise: Is the Bullish Trend Back?Hello, passionate traders! What’s your take on gold?
Gold has returned to its record highs, regaining its bullish momentum. In the short term, it is gaining strength as it moves above the EMA 34 and 89, signaling further upside potential.
With a close analysis of today’s chart, combined with the current economic landscape, we continue to prioritize buying. The best strategy is to buy at marked support levels and enter after a confirmed breakout above resistance.
🚀 Wishing you all a successful and profitable trading session! 🚀
GOLD Is Very Bullish! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,933.30.
Considering the today's price action, probabilities will be high to see a movement to 2,963.64.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Gold H1 | Falling to pullback supportGold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2,920.70 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 2,904.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 2,942.59 which is a swing-high resistance that aligns with the all-time high.
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XAUUSD (2H) - Strong Bullish TrendOANDA:XAUUSD
📶Technical Analysis:
🟢 Early February, the price tested the resistance zone at 2880.0, forming an all-time high. This level was retested twice before the strong breakout on February 10, pushing the price to a new all-time high around 2940.0.
🟢 After the new high, the market entered a correction phase, testing the support level at 2880.0 again. On February 12, the price revisited this zone, forming a strong bullish candle with a large lower shadow. This candle suggests a morning star pattern, a classic trend reversal signal, with buyers stepping in after the retracement.
🟢 The morning star pattern was followed by another bullish candle, confirming the potential reversal and support holding at 2880.0. This indicates that the market is likely to continue its bullish trend if the support level at 2880.0 holds.
🟠 The next critical level for XAUUSD is 2940.0. If the price fails to break above this resistance, a short-term reversal or sideways movement may occur. Watching for price action and candles around this level will be key for future trades.
🔤 Summary:
🟢 Support: 2880.0 (tested on February 12)
🔴 Resistance: 2940.0 (previous all-time high)
🟡 Given the bullish candle patterns and support holding at 2880.0, the trend appears to be strong, and a continuation higher could be expected. However, caution should be taken at the next level of resistance around 2940.0, where the previous high was formed
Gold price rally continues from resistance level 2934 !Hello everyone, today is the last trading session of the week, let's see how the gold price fluctuates!
⭐️Market Summary:
- Gold has broken the resistance level of 2919-2921 to form a continued uptrend in today's Asian trading session, and the resistance zone of 2919-2921 will be formed to create a new support zone here
- If we observe and trade on the H1 time frame, we can see the price increasing in a clear trend according to Dow theory.
Trading plan:
Wait for the price to consolidate above the resistance level and continue following the Buy wave
👨💻XAUUSD Buy zone 2931 - 2933
🔹SL 2929
🔹TP 2935 - 2937 - 2940
Wishing you all FULL TP ❤️❤️
Gold XAUUSD Possible Move 13.02.2025Market Analysis (XAU/USD)
Trend: The market appears to be in an overall uptrend with a recent pullback.
Support & Resistance:
Resistance Level: Around 2,940 (marked with a red horizontal line).
Support Levels: Key levels at 2,864 and 2,900 (marked in blue and pink).
Indicators:
Moving Averages & Bollinger Bands: The price is trading near the upper Bollinger Band, suggesting possible continuation or a short-term pullback.
Higher Lows Formation: The price is making a series of higher lows, which indicates bullish momentum.
Price Action:
A strong bullish move has been seen after bouncing from support at 2,864.
The price is currently consolidating near 2,917, which is a minor resistance zone.
Trade Signal:
Entry: Buy above 2,909.
Target: 2,930 - 2,940.
Stop Loss: Below 2,900.
Risk/Reward Ratio: Favorable bullish setup.
Signal: Buy (Bullish Setup)
Reason: Higher lows, price above moving averages, strong rejection from key support.
Confirmation: If the price breaks above 2,920, it could trigger further bullish momentum toward 2,940.
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Gold's Bear Trap—Ready for a Bullish Breakout?Today’s US inflation data came in hotter than expected, reinforcing concerns about persistent price pressures. Core CPI rose 0.4% (vs. 0.3% expected ), while headline CPI jumped 0.5% (vs. 0.3% expected ). Annual inflation also exceeded forecasts at 3.0%. In his speech , Fed Chair Powell signaled no urgency in cutting rates, further strengthening the US dollar ( TVC:DXY ).
According to the published US indexes , Gold ( OANDA:XAUUSD ) suddenly fell but started to rise again from the Support line and created a Bear Trap .
Educational Tip : Basically, after every Bull or Bear Trap , the market moves against the created Trap.
Gold is moving near the Support zone($2,889-$2,878) , 100_SMA(1-hour) and has managed to break the Resistance line , any pullback can be a good opportunity for us to take a Long position . Of course, you can enter the position in another way ( be sure to follow the capital management ).
According to Elliott's wave theory , Gold seems to have completed the Double Three Correction(WXY) . One of the signs of completion can be the breaking of the resistance line .
I expect Gold to attack the Resistance zone($2,915-$2,905) in the coming hours .
Note: If Gold breaks the Support zone($2,889-$2,878), we should expect more fall and break the support line. Especially if Gold goes below $2,863.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 15-minute time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed higher, breaking through resistance near 22,000. Although Trump held a press conference on tariffs, the market interpreted the grace period as a bullish signal, driving a breakout from the previous range with a strong bullish candlestick.
On the daily chart, the MACD remains in an upward trend, and since the index has broken out of its previous range, today’s strategy should focus on buying at the 3-day moving average, which aligns closely with the previous range high.
Today marks the weekly close, making the Retail Sales data release a crucial event. If price action sustains its bullish momentum, it will be important to check whether a weekly buy signal is confirmed on the closing price.
On the 240-minute chart, a buy signal has emerged, reinforcing the breakout above the range. Buying on dips remains the preferred strategy, but traders should stay mindful of potential volatility spikes around the Retail Sales report.
Crude Oil
Crude oil closed higher, bouncing off the $70 support level with a long lower wick. Despite this rebound, both the MACD and signal line remain below the zero line on the daily chart, indicating that selling pressure is still dominant. However, this area also represents a strong historical support zone, making buying on dips a favorable strategy.
As mentioned earlier this week, oil is forming a potential double-bottom pattern, which could provide further upside potential. The key trigger would be either a bullish MACD crossover near the zero line or a bearish continuation if the crossover fails, leading to a strong directional move.
On the 240-minute chart, price action has exhibited a false breakdown, followed by a bullish divergence, suggesting that a bottoming process is underway. Buying on pullbacks remains the most effective approach, but traders should be cautious with weekend risk, as Ukraine-Russia peace negotiations could bring unexpected developments.
Gold
Gold closed higher, digesting the PPI data while trading near previous highs. The key focus is whether gold is forming a double-top pattern at this level. The recent rally can largely be attributed to global inflation fears stemming from Trump’s tariff policies.
On the daily chart, the buy signal remains intact, but traders should be cautious, as a corrective pullback could emerge at any time. The MACD and signal line tend to converge naturally, so chasing momentum at current levels carries increased risk.
On the 240-minute chart, gold has bounced off the 2,900 support level, triggering a buy signal. However, there is now a wide divergence between price and MACD, meaning that even if gold breaks above previous highs, the MACD may fail to surpass its previous peak, potentially signaling a bearish divergence.
If a divergence forms and price pulls back, the correction could be sharp, as overbought conditions often lead to strong reversals. However, since the MACD and signal line remain well above the zero line, even a pullback is likely to find support, leading to a range-bound structure. The safest approach is to buy only at key support levels.
Today’s Retail Sales report could drive significant market volatility, particularly as it will influence the weekly close.
Always focus on the larger trend, manage risk effectively, and stay disciplined. Wishing you a successful trading day! 🚀
Today's strategy will only be provided until the end of this week. Thank you.
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 22000 / 21945 / 21900 / 21840
-Sell Levels: 22160 / 22240 / 22300 / 22360
Crude Oil - Range-bound Market(March)
-Buy Levels: 71.10 / 70.45 / 69.85
-Sell Levels: 71.85 / 72.55 / 73.00
GOLD - Bullish Market
-Buy Levels: 2945 / 2936 / 2930 / 2921
-Sell Levels: 2966 / 2974 / 2985
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.
If you liked this analysis, please follow me and give it a boost!
Gold is in an extremely strong setupWhile a weaker USD is the main driver pushing gold prices higher, this stems from two factors, including tariff concerns and January's Producer Price Index (PPI) report.
Anxiety continues to increase after US President Donald Trump's announcement of imposing reciprocal tariffs on countries that tax imports from the US. Besides, the US has just released the January PPI index, showing that producer prices increased by 0.4% this month.
"Gold is in an extremely strong setup. As the USD strengthens, we are seeing a surge in gold buying from Asia, including central banks, retail investors, and financial funds."
Will Geopolitical and Trade War Uncertainty boost GOLD?GOLD now seen climbs to it's last ATH. Technically, GOLD just made a minor wave and stopped just at 38.2 fibonacci TF H1. I see GOLD still high chance to reach it's last ATH and still have rooms to make a new ATH again.
Current geopolitical and trade war sentiment just boost gold. Traders also can check dollar index which move lower amid strong inflation data. This show us that 'big whale' have some worries on current uncertainty.
I just take buy chance at 2925 and see 2940 as take profit target with a narrow stop loss at 2921,80. Please do your research guys before entry to market because GOLD could be more volatile.
Profit taking action, GOLD decreased significantlyOANDA:XAUUSD fell significantly as investors took profits after hitting record highs, but remained optimistic as US President Donald Trump's new tariffs raised fears of a global trade war.
Trump has sharply increased tariffs on steel and aluminum imports to 25% with "no exceptions or exemptions," a move he hopes will help struggling U.S. industries but could also spark a trade war on multiple fronts.
Traders will need to keep an eye on US inflation data today (Wednesday) for fresh clues on the outlook for interest rates in the world's largest economy.
Federal Reserve Chairman Jerome Powell said the central bank is in no rush to cut interest rates because the economy is "strong overall" and inflation remains above its 2% target.
Powell's comments were part of an opening statement he prepared for a Senate Banking Committee hearing.
Inflation data is in focus this trading day, and higher-than-expected inflation data could extend the Fed's pause on interest rate hikes, which could lead to a slowdown in gold's performance in the short term.
The impact is also reversed if inflation data is lower than expected, which further boosts market sentiment about the possibility of the Fed cutting interest rates next quarter.
Gold is considered a hedge against inflation, but higher interest rates will reduce the appeal of this non-yielding asset.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold corrected sharply but in general the position and technical structure still support the possibility of price increases. While the trend from the short-term price channel remains stable and the Relative Strength Index has not provided a clear bearish signal.
At the same time, the support levels from the 0.382% and 0.236% Fibonacci extension positions are also slowing down the correction momentum. As long as gold remains within the price channel, the short-term technical outlook remains bullish.
The current downward corrections should be seen as an opportunity to buy. Notable locations will be listed as follows.
Support: 2,881 – 2,869USD
Resistance: 2,900 – 2,909USD
SELL XAUUSD PRICE 2931 - 2929⚡️
↠↠ Stoploss 2935
→Take Profit 1 2923
↨
→Take Profit 2 2917
BUY XAUUSD PRICE 2859 - 2861⚡️
↠↠ Stoploss 2855
→Take Profit 1 2867
↨
→Take Profit 2 2873