DeGRAM | GOLD correction after the topGOLD is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and dynamic resistance.
The chart has formed a harmonic pattern.
We expect a correction.
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Metals
PALLADIUM Strong buy signal on the Channel Up bottom.Palladium (XPDUSD) has been trading within a long-term Channel Up, which priced its most recent Higher Low exactly a month ago (Dec 31). This coincided with a 1D MACD Bullish Cross, a formation that was also present during the pattern's previous Higher Low on August 05 2024.
This resulted in a similar Channel rebound, that initiated the new Bullish Leg, which eventually peaked after a +49.28% rise. We expect a similar technical reaction, thus turning bullish on Palladium, targeting 1330.
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Gold Is Eyeing 2800 AreaGold remains in a strong intraday five-wave bullish impulse and the recent intraday three-wave a-b-c decline indicates for wave 4 correction that stopped perfectly at the former wave "iv" swing low and 38,2% Fibonacci retracement, which is a textbook pattern by Elliott wave theory. With the current bounce, be aware of a bullish resumption within wave 5 that can send the price towards 2800 area, especially if breaks above intraday channel resistance line.
DeGRAM | GOLD is holding in a rising trendGOLD is in an ascending channel.
The price has held the lower boundary of the channel and is now approaching its historical peak.
The chart is moving from the support level where a bullish takeover was formed.
We expect XAUUSD to conquer a new top.
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Silver Analysis by zForex Research TeamSilver Surges to $31.7 on Fed Speculation and Supply Deficit
Silver jumped past $31.7 per ounce on Thursday, a six-week high, as Fed policy speculation boosted demand for non-yielding assets.
The Silver Institute projected a fifth straight annual supply deficit despite higher output from China, Canada, and Chile.
Investors also assessed industrial demand, particularly from Chinese solar panel manufacturers, a key driver of silver consumption.
Technically, the first resistance level will be 32.00 level. In case of this level’s breach, the next levels to watch would be 32.50 and 32.90 consequently. On the downside 30.90 will be the first support level. 29.80 and 29.30 are the next levels to monitor if the first support level is breached.
Gold Surges on Tariff Concerns and Global Central Bank Easing Gold neared $2,800 per ounce on Friday, hitting a record high as Trump’s renewed tariff threats fueled demand for safe-haven assets amid trade war fears.
The rally was also supported by dovish central bank policies. The ECB cut rates, the BoC ended quantitative tightening, and the Riksbank eased policy. The PBoC and RBI signaled looser monetary stances. Meanwhile, the Fed held rates steady, reinforcing expectations for two cuts later this year. Gold is on track for its biggest monthly gain since March 2024.
Technically, the first resistance level will be 2800 level. In case of this level’s breach, the next levels to watch would be 2820 and 2858 consequently. On the downside, 2730 will be the first support level. 2660 and 2630 are the next levels to monitor if the first support level is breached.
Hellena | GOLD (4H): LONG to 161.8% Fibo lvl (2797.968).This month it is extremely difficult to predict the movement of gold, because there are too strong processes in the world, which no one expects.
But I will always try and will not give up drawing waves, because it brings profit and valuable experience.
In this case, I see a continuation of the upward movement to the area of 161.8% Fibonacci extension level. This is the area of 2797.968.
Of course, I would like the price to first descend on the correction in wave “2” and reach the support area 2724, after which limit pending orders will be activated.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
XAUUSD GOLD NEXT EXPECTED MOVE ! Gold (XAUUSD) is currently in an uptrend, but we are waiting for a retracement before entering a buy position. A pullback to a key support zone will provide a better entry opportunity, allowing us to catch the next bullish move with lower risk.
If the price corrects and shows strong buying signals, we will look for confirmations to enter. This strategy helps in maximizing gains while managing risk effectively.
Stay patient and wait for the right setup before taking action! 🚀
Silver/Gold Ratio AnalysisOften you will see the Gold/Silver ratio chart get more analysis. However, I like to look at this one as I find it easier to spot the bottoms.
Rarely has silver traded at this level to gold. At .01, it means that it would take 100oz of silver to trade for 1 oz of gold.
Historically, this ratio has traded higher. With gold pushing up towards all time highs, and silver often lagging gold, the silver trade is on.
Concerns about Trump's tariff policies are boosting gold demand
Gold prices have surged to an all-time high as demand for safe haven increased significantly, driven by the concerns of Trump's tariff policy. The 25% tariff threats on Mexico and Canada are creating significant uncertainty in the trade and foreign relations of the Trump administration. Investors are turning to gold as a reliable refuge from the DeepSeek shock and the tremendously high valuations of major US tech stocks, seeking a safe haven amid the current volatility. Furthermore, the US Q4 GDP growth of 2.3% fell short of the 2.7% market forecast, intensifying the demand for gold as a safe haven.
While sustaining a solid uptrend, XAUUSD recorded a historical high. Both EMAs continue to widen the gap, pointing to an extension of bullish momentum. If XAUUSD holds above the ascending trendline, the price could gain upward momentum toward a new high of 2850. Conversely, if XAUUSD fails to hold above the support at 2780 and EMA21, the price may retreat below the trendline.
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed higher within its range-bound market. On the daily chart, it faced resistance near the gap created on January 27. Even if the index continues to rise, it is likely to encounter strong resistance near the January 24 closing price of 21,911. Keep in mind the principle that gaps tend to get filled and that they often act as strong support or resistance levels once filled.
Since the MACD is still maintaining a buy signal on the daily chart, it is advantageous to adopt a buy-on-dip strategy. The recent move appears to be driven by dollar weakness, and similar to gold's strong rally yesterday, Nasdaq could also experience an additional upward rally. Therefore, short positions should be taken at the highest possible levels.
On the 240-minute chart, the MACD has crossed above the zero line and is now pulling the signal line upward as well. If the index continues to rise and fills the gap, both the MACD and signal line will be above the zero line, and after consolidating at the gap resistance level, the next directional movement will likely be determined. It is best to focus on buying on dips while setting strict stop-loss levels for any short positions above the gap. Proper risk management is key.
Crude Oil
Crude oil closed nearly flat but showed a meaningful breakout from the downward channel on the shorter time frames. It also created a gap-up on the daily chart and broke above the 5-day moving average. Previously, oil had been declining due to Trump's announcement regarding increased oil drilling, but this news is largely priced in now, making a technical rebound possible.
The key level to watch on the upside is $74.50, while buying opportunities exist below $73, with a stop-loss at $72.
On the 240-minute chart, bullish divergence has formed at the bottom, leading to another buy signal. Since the price appears to be building a base, additional buying momentum could emerge. While the market is still range-bound, a buy-on-dip strategy remains favorable for now.
Gold
Gold surged to new all-time highs and closed with strong gains. The rally was driven by increased demand for safe-haven assets following Trump’s tariff imposition, boosting gold prices significantly. As mentioned yesterday, the MACD turned upward again, leading to another sharp rally on the daily chart.
Since gold strongly broke out of its previous range with a large bullish candlestick, today is a buy-on-dip day, particularly near the 3-day moving average. If the price retraces in the pre-market session, it could dip toward the 3-day moving average, so traders should be mindful of this possibility. However, if gold maintains its strength and closes with another bullish candlestick, the 3-day moving average will move higher, reinforcing the uptrend.
On the 240-minute chart, the MACD and signal line have diverged significantly, reflecting the strong uptrend. Buying on dips remains effective, while selling should be avoided since RSI indicates overbought conditions. As gold's volatility is increasing, traders should consider adjusting contract sizes, using micro contracts, or lowering leverage to allow for wider stop-loss levels and better trade management.
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21680 / 21630 / 21580 / 21530 / 21465
-Sell Levels: 21770 / 21845 / 21890 / 22010 / 22055
Crude Oil - Range-bound Market
-Buy Levels: 72.90 / 72.40 / 72.00 / 71.40
-Sell Levels: 73.60 / 74.10 / 74.50 / 75.00
GOLD - Bullish Market(April)
-Buy Levels: 2845 / 2840 / 2831 / 2824
-Sell Levels: 2860 / 2866 / 2870
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 1H Intra-Day Chart 30.01.2025Gold has ONCE AGAIN created another new ATH. We seem to be creating a new all-time after all-time high. However Gold is now overbought & needs a serious correction.
Option 1: Gold pushes a little higher towards $2,800 before coming back down.
Option 2: Gold correct towards $2,780-70 before it pushes back up early next week, towards $2,816.
GOLD WILL KEEP GROWING|LONG|
✅GOLD is trading in a
Strong uptrend along the
Rising support line and the price
Is now making a bullish breakout
Of the key horizontal level
Of 2786$ which reinforces our
Bullish bias and makes us expect
A further bullish move up
LONG🚀
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GOLD FURTHER SELL OFF?! (UPDATE)Our Gold sell analysis has been invalidated, as price decided to target the last major high & psychological price of $2,790. I did point out on my first sell analysis that this round number was a potential threat to our sell bias, as round numbers are always seen as a liquidity sweep.
HOWEVER, now that this high has been swiped I will still be remaining bearish on Gold in the MID TERM. Looking for price action to settle down in the next week & provide more clear market structure. Anywhere between $2,790 - $2,840 we can see bears take over again!
Meta, time to enter?Hi everyone!
Pattern: Meta formed an ascending triangle from Jan 2024 up to Sep 2024 where it broke out of the pattern. Currently retesting the breakout level and has potential for long entry.
Price target: The price target for ascending triangle breakout pattern is the measure of the height of the triangle from its base to the resistance line. Add this to the breakout point and we get the target price of 670$
Caution: If the price fall back to the triangle, this analysis is not valid anymore.