SPY/QQQ Plan Your Trade For 1-29 : GAP ReversalToday's pattern suggests the markets are going to start off with a bit of a bang.
Although I expect the markets to try to hold up with some support, I believe, ultimately, the markets will break downward - continuing into the Deep-V Feb 9-10 bottom my cycles are projecting.
Gold and Silver are acting to attempt to hedge the global risks and could explode much higher over the next 30 - 60+ days.
Bitcoin looks like it will continue to move downward, first to 98k, then to 92k.
I'm seeing lots of Excess Phase Peak patterns in price action. This suggests the markets are struggling for direction right now and could move aggressively into a downward cycle phase before the Feb 9-10 Deep-V base/bottom.
Either way, we are going to find a lot of opportunities over the next 30+ days as traders.
Get some.
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Metals
GOLD / Toward New Record or Reversal...Gold Technical Analysis
Gold hit our 2766 target as expected. It is now attempting to reach 2753 while trading below 2759.
A 4-hour candle close below 2759 would reinforce a bearish outlook, targeting 2748 and 2739, with a break below 2731 confirming further downside.
Conversely, if 2759 holds with a strong 4-hour candle volume, gold could gain momentum toward 2772 and 2788.
Key Levels
Pivot Point: 2759
Resistance Levels: 2772, 2788, 2805
Support Levels: 2747, 2739, 2731
Trend Outlook
Bearish: If the price breaks below 2758
Bullish: While the price stays above 2759
Bullish Confirmation: Requires a break above 2759
previous idea:
SILVER Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 30.495
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 30.267
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2,669.716.
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XAU: Gold's Supply Area: A Short Opportunity?As the market for gold fluctuates, there may be an opportunity to consider a speculative short position. Currently, gold appears to be retesting a supply zone, an area where selling pressure could drive prices lower. This retest may signal a shift in market sentiment, potentially leading to a retracement back to prior demand zones.
Technical Indicators: Observing price action and key technical indicators can reveal signs of weakness in gold's bullish momentum, supporting the case for a downward move.
Risk-Reward Ratio: Although taking an aggressive stance comes with risks, a well-placed stop-loss and clear profit targets can create a favorable risk-reward scenario.
Conclusion
Given these market dynamics, a speculative short position in gold, targeted at previous demand zones, could be worth considering. As always, it's essential to stay informed and manage risks effectively. What are your thoughts on this approach?
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Learn Supply and Demand Basics in Gold XAAUSD Trading
In this article, we will discuss the basic principles of Smart Money Concepts in Gold trading.
I will explain to you how Gold price relates to supply and demand on the market. What is a fair value and how to identify it.
We will discuss a relation between a fair value and supply and demand and why is it so important to learn to recognize the imbalance.
Gold Price
First, let's briefly discuss how the price of Gold is valued .
Gold price is determined by the basic economic principles of supply and demand.
Supply is defined by the actions of the sellers and selling volumes.
While a demand is defined by the activity of buyers and the volumes they wish to purchase.
When supply exceeds demand, it leads to a decline in prices.
Increased selling pressure leads to lower prices as sellers compete to attract buyers.
Above, you can see how the excess of demand pushes Gold prices up rapidly.
When demand exceeds supply, we see an increase in the price of the financial asset.
In the example above, you can see how the excess of supply leads to a depreciation of a Gold price.
Imbalance & Fair Value
The excess of supply or demand on the market is also called an imbalance in Smart Money Concept trading SMC.
The imbalance causes strong bullish or bearish movement on the market.
However, such moves do not last forever.
At some moment, reaching a particular price level, the market will stop growing or falling, and the market will find the equilibrium in supply and demand.
Such an equilibrium is also called a fair value in SMC trading.
On the chart above, Gold was growing rapidly. After reaching some price level, the growth stopped and the market found a fair value.
Supply finally absorbed the excess of demand.
Sideways Movement & Range
When the market finds a fair value, it usually starts trading in sideways . The sideways movement forms a horizontal range - a horizontal parallel channel.
Such ranges signify that the market participants agree about a current price of an asset.
Above, you can see that after a strong up movement, Gold found a fair value and a consolidation within a horizontal range started.
Fair Value Range
When you spotted the range, you should remember that the market may stay within that for a very long period of time.
The trigger that will make the market reassess the fair value is typically a some important fundamental factor, the surprising geopolitical or economic event that will create a new imbalance on the market.
A strong signal that the market strives to find a new fair value is the breakout of one of the boundaries of the range. It is a signal of a violation of a current fair value.
You can see that Gold found a fair value and was stuck for quite a long period within a wide horizontal range. Then, because of the release of significant US fundamental news, an imbalance occurred. Fair value range was violated, and the price found a new fair value higher.
Trading Tips
When the imbalance on the market occurs and it violates the fair value, the price tends to find a new fair value around significant liquidity zones.
That is why it is so critical to pay attention to them.
Also, the laws of supply and demand, imbalance and fair value work on any time frame and can be applied for any trading style.
Learn to perceive a price chart from a Supply and Demand perspective in order to master Smart Money Concept trading strategy.
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DeGRAM | GOLD pullback from resistanceGOLD is above the ascending channel.
The price is moving from the resistance level, which was previously a pullback point.
We expect the pullback to continue if the chart consolidates in the channel.
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XAUUSD - Gold awaits the Fed meeting!Gold is above the EMA200 and EMA50 on the 4-hour timeframe and is in its ascending channel. If gold rises to the previous ATH, we can look for selling positions at the ceiling marked with the target of the bottom of the ascending channel. A correction of gold towards the demand zone will provide us with its next buying position.
Sergio Ermotti, CEO of UBS, has warned that the anticipated interest rate cuts could be delayed if Donald Trump’s second-term tariffs take effect and drive inflation higher.
Speaking with Andrew Ross Sorkin of CNBC, he stated:
“I have been saying for some time that inflation is far more persistent than we initially thought. The key question now is how tariffs will impact inflation.”
He further added:
“Tariffs are unlikely to help in reducing inflation. Therefore, I do not expect rates to drop as quickly as many anticipate.”
With Trump’s trade policies in play, the risk of rising inflation is high, and a major clash between Trump and the Federal Reserve over interest rate cuts seems inevitable. Such tensions could negatively impact the U.S. dollar.
Meanwhile, Scott Bessant, the newly appointed U.S. Treasury Secretary, is proposing a gradual global tariff plan starting at 2.5%, which will increase monthly and could reach up to 20%. This strategy aims to give businesses time to adjust to the new economic landscape. The Financial Times reported this plan, citing anonymous sources for details.
At the same time, the U.S.Senate has confirmed Scott Bessant as Treasury Secretary with a majority vote. This decision comes as Trump imposes a 25% tariff on imports from Colombia, reinforcing his aggressive trade policy stance.
The Federal Reserve’s monetary policy meeting is set to conclude today, and it is widely expected that interest rates will remain unchanged. However, analysts argue that gold markets are now focusing more on Trump’s policies rather than short-term aggressive monetary measures.
Gold prices rallied after Trump’s speech at the World Economic Forum in Davos, Switzerland. In a video address to global business leaders and policymakers, he urged central banks worldwide to cut interest rates. Trump stated:
“I am strongly calling for an immediate rate cut, and this must happen globally.”
Economists note that Trump’s remarks contradict the current economic reality, as a relatively strong economy continues to fuel persistent inflation. In recent weeks, the Federal Reserve has warned consumers about growing upside inflation risks and is seeking to shorten the current monetary easing cycle.
Ahead of this week’s policy meeting, markets expect the Fed to hold rates steady, with only one rate cut projected for this year.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes that the divergent views between Trump and the Federal Reserve have created uncertainty, benefiting gold as a safe-haven asset.
He further stated that the recent bullish momentum in the gold market suggests that the $2,800 price level may just be the beginning. Hansen concluded:
“As long as this uncertainty persists, I see no risk of overheating. Any downside break could trigger fresh buying interest.”
Silver Declines as Trump’s Tariff Threats Shake MarketsSilver fell to $30 per ounce on Wednesday, extending losses as the dollar rebounded amid Trump’s escalating tariff threats. Trump announced tariffs on chips, pharmaceuticals, steel, aluminum, and copper to boost domestic production. Traders remained cautious ahead of the February 1 tariff deadline for China, Mexico, and Canada.
Meanwhile, the Fed is expected to keep rates unchanged this week. In China, overcapacity in the solar panel industry led firms to adopt a government-led self-discipline program, potentially limiting silver demand.
Technically, the first resistance level will be 31.00 level. In case of this level’s breach, the next levels to watch would be 31.80 and 32.50 consequently. On the downside 29.85 will be the first support level. 28.80 and 28.50 are the next levels to monitor if the first support level is breached.
Gold Extends Gains as Trump’s Tariff Plans Fuel Market AnxietyGold trades around $2,765 per ounce, extending its recovery as US tariff uncertainty increases safe-haven demand.
Trump announced tariffs on computer chips, pharmaceuticals, and steel, while the White House confirmed plans for Canada and Mexico tariffs on February 1, with China also under consideration.
Investors now await the Fed’s policy meeting, where rates are expected to remain unchanged. Higher rates typically weigh on gold, while markets also watch for the Fed’s response to Trump’s calls for rate cuts.
Technically, the first resistance level will be 2790 level. In case of this level’s breach, the next levels to watch would be 2800 and 2820 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.
Silver- Bulls need 30.50 breakAs I mentioned in my previous posts, I’m bullish on OANDA:XAGUSD and expect a rise to $32.
However, the price action lately has been choppy and constrained in a range between $31 and around $30.
The good thing is that bulls have defended the $30 zone well so far. At the time of writing, silver is trading just under the $30.50 median of the range. A break above this level should help clarify things and open the door to $31, with potential acceleration toward my $32 target.
I’ll remain bullish as long as the price stays above $30 on a daily close basis.
Today analysis for Nasdaq, Oil, and GoldNASDAQ
NASDAQ successfully rebounded and closed higher. Yesterday was a day where selling at the 3-day moving average was possible, and after rebounding to the 3-day line, it faced resistance and closed at that level. The rebound appears to be a recovery from the excessive drop on Monday due to overblown concerns about China's Deepseek.
On the daily chart, the MACD remains above the signal line, maintaining a buy signal, which suggests further attempts to rebound are likely. Additionally, today’s FOMC meeting and major corporate earnings reports will be pivotal in determining whether the downward gap created on Monday will be filled.
On the 240-minute chart, the MACD is attempting a golden cross after the sharp drop and subsequent rebound. If the golden cross is not confirmed and the index falls again, it may test the double-bottom level, so caution is advised when chasing a buying position.
However, if the golden cross is confirmed, it would be advisable to adopt a buy-on-dip strategy, as buying momentum remains strong. Today’s primary strategy should be selling at the 5-day moving average resistance level, making it advantageous to sell at resistance areas near the 5-day line. With strong upward momentum and potential pre-market consolidation due to economic data announcements, a box-range trading approach would be ideal.
OIL
Oil closed higher, encountering resistance near the $74 level. The daily chart shows that the 240-day moving average acted as support, with a bullish candle forming as oil prepares for another rebound attempt. The MACD still signals a sell trend, but consistent buying efforts could continue.
As mentioned earlier, even if oil rises, it’s likely to face pullbacks at certain levels. On the 240-minute chart, a buy signal has been confirmed, with a double-bottom pattern forming alongside a lower shadow, indicating a favorable buy-on-dip strategy.
If a strong rebound occurs, prices could rise to the 10-day moving average around $75.50. Selling positions should be avoided for now, with a focus on buy-on-dip strategies. Additionally, be mindful of price volatility due to today’s inventory report.
GOLD
Gold closed higher, supported by the 10-day moving average on the daily chart. The MACD and signal line on the daily chart still show separation, and gold has recovered both the 3-day and 5-day moving averages, making a buy-on-dip strategy effective.
For April contracts, it is crucial to see whether gold can break above $2,815 on the weekly chart and form a bullish candle. Be cautious of increased volatility in gold prices resulting from today’s FOMC meeting outcomes.
On the 240-minute chart, the MACD is on the verge of a golden cross. If gold fails to see additional significant gains, the price could form the right shoulder of a head-and-shoulders pattern. If the MACD fails to build further upward momentum and starts to fall, a third wave of selling could occur, so keeping this scenario in mind is advised.
The clear trend will likely be determined after today’s FOMC meeting, so monitoring gold’s movement after the announcement will be key.
■Trading Strategies for Today
NASDAQ - Range-bound Market
-Buy: 21,520 / 21,475 / 21,410 / 21,375 / 21,290
-Sell: 21,610 / 21,700 / 21,770 / 21,900
OIL - Range-bound Market
-Buy: 73.65 / 73.10 / 72.60
-Sell: 74.60 / 75.00 / 75.50 / 76.00
GOLD - Bullish Market(April)
-Buy: 2,791 / 2,787 / 2,783 / 2,775
-Sell: 2,804 / 2,809 / 2,821
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 - 15 min ( Buy Scalping After Break 2750 Area ) In the context of FXCM's analysis of gold trading opportunities, a notable bullish trend has emerged following the breach of a key level, particularly in the 2750 area, supported by heightened trading volume. This significant movement suggests a favorable environment for traders, as the analysis provided emphasizes precision rather than mere numeric indicators. Consequently, the focus remains on delivering the most accurate trading opportunities to enhance informed decision-making.
⚡️Gold / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break key level + High Volume / 2750 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
GOLD ROUTE MAP UPDATEHey Everyone,
Once again another great day on the charts with our analysis playing out, as analysed.
Yesterday after completing each of the bearish gaps 2768, 2757 and 2746 confirmed with cross and lock, we stated that we now have a lock below 2746 opening 2732.
- This was hit perfectly today followed with no further lock confirming the rejection and the bounce into the Goldlturns above, inline with our plans to buy dips, just like we stated yesterday. This allowed us to catch the move up.
We are now seeing 2757 being tested and will need ema5 cross and lock above 2757 to open the range above. Failure to lock above will follow with a rejection and drop to test the lower Goldlturns again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2778
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE
SWING RANGE
2707 - 2697
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
THE KOG REPORT THE KOG REPORT
In last week’s KOG Report we said we would be looking price to attempt the 2715 price point and if rejected we would be looking for the short into the lower red box but sticking with the bullish bias levels. We got the move exactly into the red box support we wanted initially giving us the move upside completing not only KOGs bullish above targets but also the red box targets and the Excalibur targets. We update traders through the week with the plan and continued to remain with the long of the lows up to where we ended the week.
A phenomenal week in Camelot on gold hitting 7 targets and the team completing about 12 targets on the other pairs we trade and analyse.
So, what can we expect in the week ahead?
It’s going to be a frustrating week of expected ranging and choppy price action for traders due to it being the last week of the month and with FOMC pending. For that reason, we will use this KOG Report for the first half of the week and then update traders with the KOG Report FOMC before the release.
For this week we’re not looking to long unless we get a deep pull back either into the order region 2750-55 or further below that the 2730-35 region. It’s actually this levels we will want to test the short trades in to from the higher red box regions. We do have a red box active now at 2827, however, due to where the price is at the moment we’re not comfortable to long up here. If we can open and stay below the 2777 level, we feel an opportunity to short is available into the first region of 2765 which needs to be monitored for the break, and level that the order region of 2750-55. That’s where we will want to test the first long trade, but, as we said above, due to FOMC we can’t expect a clean move.
We have the levels above now active at 2827-30 which we feel is where they may want to take this to open up the 2800’s. If we do continue higher, that’s where we will be watching for a RIP IF we get there!
KOG’s bias for the week:
Bullish above 2750 with targets above 2784, 2793 and above that 2810 pre-event
Bearish on break of 2750 with target below 2735
Red boxes:
Break above 2780 for 2793, 2795, 2806 and 2827 in extension of the move
Break below 2770 for 2765, 2757, 2755, 2750 and 2743 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Silver/Gold Ratio signals Lower Interest Rates AheadWhen OANDA:XAGUSD (Silver) does well relative to OANDA:XAUUSD (Gold), it means the economy is strong and interest rates tend to rise when that happens. The opposite is also true. When Silver is weak relative to Gold, interest rates tend to fall.
See how it works historically? The 1997 drop in rates when the silver/gold ratio shot up is the rare exception
Why does it work? Silver is an economic metal used in industry and gold is a precious metal which used to be used for technology in the 1970's.
Well - it shows now that rates should be going down because the economy is flat, weak or recessionary. However you want to label it, the economy can afford lower interest rates.
This LONG TERM indicator has worked quite well and deserves to be on your list of indicators to track the likely path of interest rates. OF COURSE, the more important factor is WHO is at the head of the Fed.
Lower rates would make sense especially if the profligate Government spending machine slows down its aggressive spending. The global war on covid didn't help and the clear message that the market is telling us is that we needed to slow down the price hikes but we now have a US Gov't deeply in debt and struggling to be able to justify lower rates.
Here's to clarity on the future moves by the Fed, which if you were just looking at this indicator you would be cutting rates steadily for the foreseeable future.
Cheers,
Tim
11:47AM EST January 28, 2025
Dollar Index Bullish to $111.350 (UPDATE)The Dollar has melted down to our second POI, down to $107 & so far has bounced back up. It is possible that price might still drop a little lower, but overall I expect the Dollar to turn bullish again.
We've seen Wave 4 correction complete, followed by a 'BOS' above Wave 3 high confirming the bull run will continue. Retest of supply zone completed, now time for the move up to continue📈
XAU/USD : Get Ready for more correction before the next bullrun!Analyzing the gold chart on the 4-hour timeframe, we observe that in the last trading day of the previous week, before attempting to establish a new high, the price faced a correction from the $2786 level and has since declined, reaching as low as $2747. Currently, gold is trading around $2761, and if the price stabilizes below $2780, we can expect further corrections.
The potential targets for this decline are $2756, $2751, and $2747, respectively. This analysis will be updated soon!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
SPY/QQQ Plan Your Trade For 1-28 : Temp Bottom PatternToday's SPY Cycle Pattern is a Temp Bottom.
After yesterday's big breakdown and consolidation, I believe the SPY will attempt to identify support, possibly near 597, and attempt to move higher a bit today.
Ultimately, a Temp Bottom pattern is where the price seeks out support (moving downward or retesting recent support levels) and then rolls to the upside, creating a base/bottom type of pattern.
The QQQ should follow the same pattern.
Gold and Silver seem trapped for the next 2-3 days (possibly melting a bit higher as the US Dollar appears to be moving downward a bit).
I don't see Gold/Silver starting to make any big moves until Jan 31 or in early Feb.
Bitcoin will likely stall out, just like the SPY/QQQ, over the next 2-3 days, then move into a downward price phase - attempting to move back towards $92k.
I believe the markets are stalling and in a bit of shock at the moment. Don't get too aggressive in any trades unless you are confident in your ability to manage risk levels.
Some sectors/symbols will trend. But the SPY/QQQ will likely stall out for another 2-3 days before making another big move.
Get some.
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