GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
A PIPTATSIC finish to the week completing and smashing all our chart ideas across our multi time-frame analysis.
We finish off today with an update on our daily chart idea that we have been tracking for a while now, level to level, to the finishing line today!!
After completing all our targets with candle body close and/or ema5 lock confirmation, we were looking for a body close above 2797 to confirm a continuation into 2840.
- This was hit completing this chart idea for the perfect finish.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Metals
Safe-Haven Demand Surges Amid Trade Tensions (Retest or Cont.)Gold Futures Fall but Hold Near Record High on Safe-Haven Demand
The U.S. dollar gave up earlier gains after the Trump administration delayed higher tariffs on Canada and Mexico for one month. However, Washington remains firm on tariffs for Chinese imports.
With Beijing retaliating, the risk of an escalating trade war increases, casting uncertainty over global economic growth. This scenario is driving strong safe-haven demand, supporting further gains in gold prices.
Gold Technical Analysis
Gold recently recorded a new all-time high and is still pushing toward 2,856, fueled by ongoing trade tensions between the U.S. and China.
However, today the price is attempting a correction toward 2,823 before resuming its upward momentum toward 2,845 and 2,856.
The breakout level is 2,809—as long as the price remains above this level, the market remains bullish. A break below 2,809 would shift the trend bearish.
Key Levels
Pivot Point: 2834
Resistance Levels: 2845, 2856, 2865
Support Levels: 2823, 2809, 2797
Trend Outlook
Bullish while above 2823
Movement Range: 2823 – 2845
Bearish if the price breaks below 2809
COPPER at Key Resistance: Reversal Toward 4.4380?PEPPERSTONE:COPPER has reached a key resistance level, marked by previous price rejections and significant selling pressure. This area has historically acted as a strong supply area, suggesting the potential for a bearish reversal if sellers regain control.
The current market structure indicates that if the price confirms rejection within this supply zone, we could see a move downward toward the 4.4380 level, which represents a logical target within the current market structure
Traders should watch for bearish confirmation signals, such as bearish engulfing candles or rejection wicks, before entering short positions.
Gold Market Update: Bullish Momentum ResumesYesterday, gold experienced a pullback, dropping to an intraday low of around 2835.
However, the price quickly rebounded, and overnight, bulls regained control, pushing it back above 2860—a key confluence resistance level.
This move suggests that the correction may be over.
Looking ahead, the upcoming NFP data could drive further momentum, potentially leading to a new all-time high by the end of the week.
From a broader perspective, the bullish outlook remains intact as long as yesterday’s low holds. A more significant correction would only come into play if we see a weekly close below this level.
NFP LESS THAN EXPECTED. KEY LEVELS TO WATCHThe U.S. Non-farm Payrolls Changed By 143,000 In January, Compared With Expectations Of 175,000 And A Previous Value Of 256,000
KEY LEVELS.
We expect a rise in xauusd value to 2894 .
2869
2874
2883
2889
2894
2910
Alternative scenario
if 2860 is broken it may fall to 2855 and 2840 can act as a strong support.
the ultimate support for current scenario is 2833.
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SILVER at Key Resistance Zone - Sellers Ready to Step In?OANDA:XAGUSD is testing a key resistance zone, an area that has previously triggered strong selling pressure, making it a key level to watch.
If rejection occurs at this zone, such as through wicks, bearish engulfing patterns, or an increase in selling volume, sellers could regain control and drive the price lower toward the 31.650 target. This aligns with a short-term pullback scenario within the broader market structure.
However, a sustained breakout above this resistance would invalidate the bearish outlook, potentially opening the door for further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
Gold Buy (194pips)Dollar Index is losing value and institutions are increasing their longs. We could soon touch $3000, pay close attention to market structures for proper buy positions. This a only a trade idea, use demo account to place trades. Happy trading OANDA:XAUUSD CAPITALCOM:DXY ECONOMICS:USINTR
"Gold (XAUUSD) Bullish Breakout Setup with 2,888–2,900 Target"This chart shows a bullish structure in gold (XAUUSD) on the 1-hour timeframe, with a rounding bottom pattern forming. Multiple break-of-structure (BOS) and change-of-character (ChoCH) points indicate a continuation of the uptrend. The price is currently consolidating near resistance, with a potential breakout targeting the 2,888–2,900 zone. If the weak high is broken, momentum could push higher. Support zones are visible around 2,840 and lower in case of a pullback. OANDA:XAUUSD
SPY/QQQ Plan Your Trade For 2-7-25: Carryover PatternAs many of you know, I'm still expecting a breakdown in the markets leading to my Deep-V pattern on the 9th and the secondary Major Bottom on the 10th.
Why haven't we started to move downward yet? I really don't know. I suspect the markets are being pushed higher by Market Makers trying to crush the shorts (premium).
Either way, we'll know how this is going to play out over the next 5+ days.
If I'm right, we'll see the SPY break downward towards 580-590 over the next 5+ days.
The QQQ should move down 510-515 throughout that same breakdown (possibly a bit lower).
I expect Gold and Silver to also move downward if this breakdown in the SPY/QQQ happens as I expect. Metals tend to move downward when the SPY/QQQ makes a sudden impulsive breakdown move.
Bitcoin also appears to be poised for a breakdown event.
It seems that all the indexes and symbols I follow in the morning video are already standing near the edge of a cliff, just waiting to jump off.
I urge traders to move into a protective mode (protecting open longs and hedging against any breakdown event) over the next 5-10+ days.
We'll eventually see another bounce/rally off some lows, but right now, everything looks ready to JUMP (off the cliff).
Get Some.
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SILVER: Short Signal with Entry/SL/TP
SILVER
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short SILVER
Entry Point - 32.196
Stop Loss - 32.628
Take Profit - 31.428
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER Set To Grow! BUY!
My dear friends,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 32.086 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 32.264
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
Gold Trend Analysis and StrategiesFrom the daily chart, gold prices regained their upward trend after struggling to stand firm at $2,800. Any pullback at the beginning of the week is seen as an opportunity to buy on dips. It has killed shorts all the way up. Combined with fundamental news, it continues to refresh the historical high to around 2,880, further extending the space, but there is a sell-off above 2,880. Combined with the overbought divergence of bulls, it continues to fall. After breaking the 4-hour cycle middle track of 2,845, the gold rising pattern has initially changed!
At present, it is necessary to test the pressure conversion support of the previous high point near 2,830. Before breaking, the gold bull sentiment always occupies the market. At present, gold has not yet reached the bottom of the retracement. The 5-day moving average of 2830 cannot hold up. There will be another retracement next week. The closing line is above 2850, so it depends on the impact after the release of non-agricultural data.
After the risk aversion of gold eased yesterday, gold bottomed out, but the risk aversion sentiment was not fully released. Gold bottomed out and rebounded to stabilize again. The gold shorts made a false move, and the gold shorts did not continue. The gold longs reversed in a deep V, and the gold deep V basically had no major correction, which means that the gold longs are relatively strong and are likely to accelerate the rise.
Although gold fluctuated downward last night, it has now begun to bottom out and rebound. The gold longs reversed in a deep V. Gold fell back or continued to go long. After gold bottomed out, it began to maintain around 2850, and then continued to rise after a rest. So gold continued to go long after stepping back to 2850 in the Asian session.
Key points:
First support: 2850, second support: 2842, third support: 2831
First resistance: 2873, second resistance: 2882, third resistance: 2900
Operation ideas:
BUY: 2847-2850, SL: 2839, TP: 2870-2880;
SELL: 2880-2882, SL: 2891, TP: 2860-2850;
HelenP. I Gold can correct to the trend line, after rising moveHi folks today I'm prepared for you Gold analytics. A few days ago we can see how the price showed strong upward movement, but before this, Gold traded near support 2, which coincided with the support zone. Then it rebounded and rose to 2727 points and then made a correction even below support 2, but then it turned around and started to trades inside the wedge. Price fell to the trend line and at once rebounded up, breaking the 2nd support level, and continued to move up neat this line. So long it rose near this line, but on the fourth touch, Gold rebounded and reached 1st support level, which coincided with one more support zone. Then it made a correction to almost the trend line and then in a short time rose back to 1st support, broke it, and later exited from the wedge as well. Next, it made a retest and rebounded up to 2880 points. Now I expect that XAUUSD will make a correction movement to the trend line, which is located inside the support zone. That's why I set my goal at 2800 points, which coincides with them. If you like my analytics you may support me with your like/comment ❤️
Gold can reach resistance line again and then start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see that the price started to drop from the resistance line and quickly declined to the 2625 support level, aligning with the buyer zone before briefly dipping below it. After that, the price reversed and began to climb within an upward channel, eventually reaching 2625 again and breaking through both this level and the resistance line. However, Gold soon pulled back and consolidated within the buyer zone for a while. It then slightly corrected below this area before resuming its upward movement, ultimately breaking through the 2625 level. After a retest of the support level, Gold trended higher along the channel’s support line for an extended period before bouncing up to 2785, which aligned with a support area, followed by a minor pullback. Gold then dropped to the channel’s support line before making a strong impulse move toward the resistance line, breaking the 2785 level and successfully retesting it. Recently, the price has undergone a correction but continues to push higher. Based on this structure, I anticipate that Gold will rise toward the resistance line once again before reversing and heading down toward the channel’s support line. Given this scenario, my target is set at 2815, which aligns with the channel’s support. Please share this idea with your friends and click Boost 🚀
GOLD - Price can break support level and continue to fall nextHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price rose to resistance line, after which turned around and started to decline to support level.
In a short time, it fell below $2615 level and then started to trades between this level, after which started to grow in channel.
Soon, price broke $2615 level and continued to move up near support line of channel and later rose to $2725 level.
Then Gold broke this level, made retest, and rose to resistance line, but then it made a correction movement.
Next, price continued to move up and later rose back to resistance line of channel and then reached $2835 level.
Recently it exited from a channel, therefore I think that Gold can break support level and continue to fall to $2770
If this post is useful to you, you can support me with like/boost and advice in comments❤️
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the SILVER pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 30.919.
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GC - Golden Rocketship To The U-MLHWe got on the Rocket-Ship earlier and took profit.
If you're still in with a position, or if you can manage to get in with a decent Risk/Reward, you may want to aim for the U-MLH.
The Stars look good and profits are twinkling §8-)
If the 1/4 line is cracked, we will see a follow-through.
How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern.
Indeed, it is a valid and dependable chart pattern.
Let’s explore this often-recognized chart pattern in more detail.
The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns.
When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust.
Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
Silver H4 | Potential bullish breakoutSilver (XAG/USD) is rising towards a potential breakout level and could climb higher from here.
Buy entry is at 32.36 which is a potential breakout level.
Stop loss is at 31.60 which is a level that lies underneath an overlap support and the ascending trendline.
Take profit is identified between 32.90 and 33.03 which is a resistance zone that is bounded by the 61.8% Fibonacci projection and the 161.8% Fibonacci extension.
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XAUUSD:7/2 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2900, support below 2772
Four-hour resistance 2900, support below 2855
Gold operation suggestions: Yesterday (2.6), gold was under pressure at the 2870 mark and was suppressed and fell back to fluctuate downward. The US market accelerated downward to break through the 2850 mark and reached near 2834, stabilized and rebounded, and returned to the 2850 mark and closed in a volatile manner. The daily K-line chart was blocked and fell back. The overall price continued to be suppressed below the 2870 mark yesterday after being under pressure at the 2880 mark the previous day. It ushered in a volatile adjustment.
From the 4-hour analysis, pay attention to the support of 2855 below, the support near 2772 at the daily level, and the short-term resistance above pays attention to the 2872 line. In my opinion, today's NFP data will fall first and then rise. Shorting first looks at the 2800 mark and then buys with a light position with a stop loss, and then looks at the 2772 mark to buy and continue to be bullish. Overall, rely on this range to maintain high selling and low buying.
BUY:2772near SL:2768
BUY:2800near SL:2795
Technical analysis only provides trading direction!