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COPPER extending a Bullish Leg to the 7-month Resistance. Copper (HG1!) has been trading within a Channel Up since the August 07 2024 Low and the last two days has resumed the uptrend, invalidating the Jan 17 rejection. This suggests that the current rally is the latest technical Bullish Leg and should be extended to the top of the pattern for a Higher High. Until then however, there is Resistance Zone 1 to consider, which is holding since June 2024, so we will be going for less risk, targeting 4.6550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
COMEX:HG1!Long
by TradingShot
XAL/USD "ALUMINIUM" Metal Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAL/USD "ALUMINIUM" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated at any price level. However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 2750.000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental & Macro Outlook 📰🗞️ Based on the fundamental & macro analysis, I would expecting a bullish outlook for XAL/USD (Aluminum) Demand and Supply: Aluminum demand has been rising due to its increasing use in the automotive, construction, and packaging industries. However, supply has also been growing, mainly driven by China's production. Inventory Levels: Global aluminum inventories have been declining, which could support prices. Production Costs: Aluminum production costs have been rising due to increasing energy costs, particularly in China. Trade Tensions: Trade tensions between the US and China have been impacting aluminum prices, as China is a significant producer and consumer of aluminum. Macro Analysis--- Global Economy: The global economy has been slowing down, which could negatively impact aluminum demand. Interest Rates: Low interest rates in major economies could support aluminum prices by increasing demand for commodities. Commodity Prices: Other commodity prices, such as copper and zinc, have been rising, which could support aluminum prices. Currency: The US dollar has been appreciating, which could negatively impact aluminum prices. Sentiment Metrics--- Sentiment Score: 0.15 (neutral) Bullish Sentiment Index: 45 (out of 100) Bearish Sentiment Index: 30 (out of 100) Neutral Sentiment Index: 25 (out of 100) Insights: The overall sentiment is neutral, indicating that market participants are uncertain about the future direction of aluminum prices. The bullish sentiment is slightly higher than the bearish sentiment, suggesting that some market participants are optimistic about aluminum prices. The neutral sentiment is significant, indicating that many market participants are waiting for clearer market signals before making a decision. Recommendation--- Based on the sentiment analysis, it's recommended to adopt a neutral stance on XAL/USD, with a slight bias towards a bullish trend. However, it's essential to continue monitoring market developments and adjust your strategy accordingly. Disclaimer---Sentiment analysis is subjective and based on publicly available data. It should not be considered as investment advice. Trading commodities involves risk, and you could lose some or all of your investment. Always do your own research and consider multiple sources before making a trade. Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
PEPPERSTONE:ALUMINIUMLong
by Thief_Trader
XAUUSD: Trump set the markets on fire!Gold is above the EMA200 and EMA50 on the 4-hour time frame and is in its ascending channel. Our initial position today will be to buy gold. If gold rises to the previous ATH, we can look for selling positions at the ceiling indicated by the upward trend line. It appears that Trump has softened his stance on tariffs, a shift that has significantly impacted the dollar. He has stated that he prefers using tariffs as a tool to control China rather than directly imposing them. Currently, a 10% tariff on Chinese imports might be implemented, though this is far from the 60% tariff he had proposed during his campaign. If Trump has taken a more lenient approach toward China, could he adopt a softer stance on other countries as well? Perhaps. Regardless, the tailwind that supported the dollar since December has officially shifted direction. The dollar seemed to hold Trump’s “trump card”—quite literally—at the start of the new year. But was that truly the case? If you recall, Trump’s stance on the dollar this time contrasts sharply with his first term in office. Now, Trump favors a weaker dollar—or at least that’s what he said last year. The only viable option to achieve this is pressuring the Federal Reserve to lower interest rates more quickly, and it seems that’s precisely what he’s trying to do. He now claims that he “understands interest rates better than the Federal Reserve” and insists that rates should be reduced “immediately.” However, this does not necessarily mean the Fed will alter its current policy. The Federal Reserve’s mandate typically operates beyond political influence, but Trump could ease the situation if he merely talks about tariffs without taking action. This would help alleviate inflation concerns, but we might need to wait a few more months to be certain, which is likely what Federal Reserve policymakers would prefer. That said, one can never rule out the possibility of Trump abruptly changing his mind. For now, however, it seems the dollar has started the new year under Trump’s influence. As tariff concerns fade, the focus will shift back to inflation and labor market data to determine where the economy heads from here.
FOREXCOM:XAUUSDLong
by Ali_PSND
Analysis of the latest gold trend on January 22 On Wednesday (January 22), spot gold fluctuated in a narrow range at a high level in the Asian session, currently trading around $2,751/ounce. Gold prices rose 1.39% on Tuesday, jumping to a more than two-month high of $2,745.83/ounce and closing at $2,744.59/ounce, supported by a weaker dollar. Under the uncertainty of possible tariffs imposed by US President Trump, the market flocked to safe-haven gold. The U.S. dollar index fell back after its rebound on Tuesday was blocked. It once refreshed a two-week low to 107.86 during the session and closed down 0.12% at 107.94, making gold cheaper for holders of other currencies. Affected by Trump's tariff threats, investors flocked to safe-haven assets such as gold, and the US dollar's highs and declines, US Treasury yields plummeted, and gold prices soared to their highest point in more than two months. US President Trump also said on Tuesday that he might impose sanctions on Russia if Russian President Vladimir Putin refused to negotiate an end to the war in Ukraine. This also provided safe-haven support for gold prices. Trump did not disclose specific details of possible additional sanctions. The United States has imposed severe sanctions on Russia since the Russian-Ukrainian conflict. Trump said his administration is also looking into sending weapons to Ukraine and said he believes the European Union should do more to support Ukraine. In early Asian trading on Wednesday, Trump said he would impose tariffs on the European Union. Affected by this news, the euro had a short-term dive of about 30 points, and the price of gold did not fluctuate much in the short term, but investors need to pay attention to the further fermentation of market sentiment. Gold is considered a safe investment in times of economic and geopolitical uncertainty, but the policies proposed by Trump are widely seen as inflationary, which may prompt the Federal Reserve to maintain higher interest rates for a longer period of time to curb price pressures. It is expected that Trump's extensive trade tariffs will further stimulate inflation and trigger a trade war, which may increase the safe-haven appeal of gold. The market may also be waiting for the Federal Open Market Committee (FOMC) meeting of the Federal Reserve next week and the personal consumption expenditure (PCE) price index, especially the inflation data. I don't think anyone is expecting the Fed to take any action next week, but will certainly be watching the policy statement closely for hints about the rest of the year. "Analysts say Trump's immigration, tax and tariff policies may boost economic growth but also spur inflation. The Fed is expected to keep interest rates steady this month but remain vigilant against inflation. According to calculations by the London Stock Exchange Group (LSEG), the market expects the Fed to cut interest rates by about 38 basis points this year and may resume cutting interest rates at the June meeting. There are relatively few economic data on this trading day. Continue to pay attention to Trump-related dynamic news and changes in market sentiment, and pay attention to the Davos Economic Forum and the speech of European Central Bank President Lagarde. Gold technical analysis: The recent trend of gold has continued to fluctuate and rise, and the high and low points can be switched flexibly. At present, the gold price has once again refreshed the high of 2750 in early Asian trading. Gold has started a new round of rise. The daily positive line of gold closed higher, breaking the recent The upper track of 2725 in the wide range hit another high point this week. As the daily line consolidates, it rises again after pulling Yang. The daily line has further momentum to reach higher levels. Yesterday, it fell back to the lowest level of 2702 and started to rise steadily. In line with expectations of an immediate rise in the Asian market yesterday. It's just that the upside space has been increased after a direct breakthrough. Yesterday, it was also emphasized that the bulls will look further if it breaks through 2725. At the same time, when it is confirmed by stepping back, it will be a second opportunity to enter the long position. The higher closing price on the daily line will drive further short-term gains during the day. ​The 4-hour chart is running in the ascending channel. In the strong unilateral market, the middle track of Bollinger Bands moves upward as the critical point for bulls. Combined with the support of breaking the high point of 2726 and the retracement of the 2716 line after breaking the high yesterday, the price started to stabilize for the second time. This is the defensive critical point of the bulls. The strong market will not be stepped on deeply, and the breaking high conversion point of the previous day will not be lost. The bulls will still maintain their momentum. From the perspective of the 1-hour structure, the bullish trend remains good, and the adjustment is also a short-term behavior. The general direction is still continuing to rise, especially after breaking through 2730 US dollars, the European session on Tuesday quickly fell back to below 2720 to complete the top and bottom conversion. The focus after today's retracement is on the position of 2738-2742, which is also the retracement of the previous high point. The European session should also pay attention to the retracement confirmation. From the perspective of time, since the 21st trading day of gold's rebound from 2583, that is, Monday this week, the change of the market has not been successful, then the next change of the market time node will focus on next Friday, which is the 55th trading day of the rise of 2536. Therefore, in terms of operation, gold is now entering a stage of accelerated rise. Today, our professional and senior gold analyst team recommends buying with the trend near 2740, and the upper target is further up to 2765-2770 area! Taken together, in terms of today's short-term gold operation ideas, our professional and experienced gold analyst team recommends to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus is on the first-line resistance near 2765, and the bottom short-term focus is on the first-line support of 2738-2742.
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
XAUUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing great. Let me share my personal view on XAUUSD (Gold) with you. Based on what I see on the chart, I expect gold to make a small pullback to the 2760–2763 zone. From there, it might push higher, aiming for new all-time highs. However, if 2735.67 is broken, I anticipate a further decline. 📈 Expectation: Bullish Scenario: A pullback to 2760–2763 followed by a rally targeting: 1️⃣ 2,800 (Psychological Level) 2️⃣ 2,825 (Psychological Level) 3️⃣ 2,850 (Psychological Level) Bearish Scenario: A break below 2735.67 may lead to further downside movement. 💡 Key Levels to Watch: Resistance Levels: 2800 / 2825 / 2850 Support Level: 2735.67 💬 What’s your perspective on XAU/USD ? Share your analysis in the comments! Trade safe
FX:XAUUSDLong
by PouyanTradeFX
World gold price todayIn the international market, at 6:00 a.m. on January 24, the world spot gold price was $2,753/ounce, down $7 from the highest price in the overnight trading session of $2,760/ounce. However, the gold price later rose to a new high, around $2,770/ounce, up nearly $20/ounce compared to today. According to Jim Wyckoff, senior analyst at Kitco Metals, recent better economic data from the US suggests that the Fed may have to delay cutting interest rates longer and the higher interest rate environment increases the opportunity cost of holding Lis gold. This expert commented that in the US stock market, stock investors are trading very strongly, so gold is less interested. Another factor that investors are paying attention to is that President Trump announced that he would impose tariffs on goods from the European Union and is considering applying a 10% tax on Chinese imports from February 1. However, if these policies are considered to be inflationary, causing the Fed to maintain high interest rates for a long time, the attractiveness of gold as an inflation hedge may decrease.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD H4 I Bearish FallBased on the H4 chart, the price is approaching our sell entry level at 2,775.66, which aligns with a strong resistance level and the 161.8% Fibonacci extension and thr 61.8% FIvonacci projection. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 2,747.22, an overlap support level where price may find buying interest. The stop loss is placed at 2,793.34, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
GOLD ROUTE MAP UPDATEDear Traders, Please see the circle golden color where exactly EMA5 crossing as per our analysis. We shared 1H time frame 2 days before as per below and all targets being achieved. BULLISH TARGET 2765 EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET 2738 DONE EMA5 CROSS AND LOCK ABOVE 2738 WILL OPEN THE FOLLOWING BULLISH TARGET 2751 DONE EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2763 DONE And now wait and watch EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2765 will be achieved for the second time. The price fluctuated between 2751.77 and 2763.350, but quickly dropped after the EMA5 crossed below and stayed under TP2 at 2751.77. This suggests a short bearish trend with a potential move down to 2737.500. The H1 MA21 has been touched, and the EMA5 has crossed below MA21 which caused short bearish momentum.
FXOPEN:XAUUSD
by TheQUANTUMTraders
GOLD climbs up after Trump Speech last night?GOLD sees last All Time High as Trump speech last night. He said that inflation must be in cooling condition. Now the sentiments are positives for this non-yielding assets and buyers still in control. Next big moment that traders should care is FOMC in the end of January. If FED still hold it's decision in last FOMC and keep high rates, GOLD price could be pressed and turn back to downtrend. Technically, GOLD already break it's last swing high in H4 timeframe and now see 2780-2782 as the resistance based on fibonacci external retracement. If GOLD still climbs up, it will be go to the ATH before correction back to around 2720-2750. Just insight, trade wisely and don't forget to set stop loss.
SAXO:XAUUSDLong
by vicariuzchrist
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher, supported by the 3-day moving average on the daily chart. After a recent surge, it has reached the upper Bollinger Band, with both the MACD and signal line crossing above the zero line, confirming a buy signal. However, due to the sharp rally, there is potential for a pullback today. If the price retraces to the 5-day moving average, it could consolidate within a range, allowing moving averages to converge. Should the NASDAQ fall further, the key question is whether it will fill the gap near 21700. If the gap remains unfilled and the price breaks higher, the daily buy signal would stay intact, potentially accelerating bullish momentum. On the 240-minute chart, the sell signal remains active despite a rebound. Selling at higher levels is preferable, while watching if the MACD avoids falling below the zero line and instead forms a golden cross with the signal line. Focus on dip-buying and selling at resistance, keeping the potential for a pullback to the 5-day moving average in mind. CRUDE OIL Crude oil closed lower, falling below the $75 level. It ended near the midpoint of the large bullish candle from January 10 ($74.66) after further downside pressure. This week’s decline reflects President Trump’s push to lower oil prices. Currently, crude is near the 20-day moving average and within the $74–$75 support zone, which aligns with the weekly 5-day moving average. This area is suitable for swing trading and dip-buying strategies. On the daily chart, the MACD has crossed below the signal line, creating a short-term sell signal. However, the significant divergence from the zero line suggests that crude may consolidate with bullish candles before attempting another upward move. On the 240-minute chart, the MACD has not yet formed a golden cross with the signal line, but selling pressure has weakened significantly. If a golden cross occurs, a strong rebound could follow. Avoid chasing shorts and focus on buying dips at key levels. GOLD Gold rebounded from key support levels, closing flat with a lower wick on the daily candle. The daily chart shows that bullish momentum remains strong, making dip-buying at major support levels the preferred strategy. Gold touched the upper Bollinger Band on the weekly chart before pulling back, indicating that a clear trend may not emerge until next week. On the 240-minute chart, a sell signal formed at the recent high, with the MACD divergence leading to a sharp decline. While the price is recovering, the sell signal remains active, increasing the likelihood of another pullback. Gold appears to be consolidating within a range, building energy for the next leg higher. Today, focus on box-range trading with selling at resistance and buying at support. Be mindful of major economic data releases before the main session, and manage risks carefully. Best of luck with your trades, and have a successful end to the week! ■Trading Strategies for Today NASDAQ - Bullish Market -Buy: 21980 / 21910 / 21870 / 21790 / 21720 -Sell: 22040 / 22075 / 22110 Crude Oil - Range-bound Market -Buy: 74.10 / 73.40 / 73.00 / 72.40 -Sell: 75.10 / 75.70 / 76.20 / 76.75 / 77.10 Gold - Bullish Market -Buy: 2750 / 2743 / 2737 / 2731 -Sell: 2770 / 2774 / 2779 / 2785 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!
CME_MINI:NQ1!Short
by Futureguard
6
Gold - 15 min ( Gentle Buy and Sell Scalping After Break Out )In the analysis of gold trading via FXCM, it is imperative to recognize the critical breakout levels on the 15-minute timeframe. A bullish outlook is suggested upon the successful breach of the key level around the 2763 area, accompanied by high trading volume. Conversely, a bearish sentiment may be warranted if the price breaks below the crucial level of 2750.50, also supported by significant volume. This approach focuses on delivering the most precise trading opportunities and analyses, emphasizing quality over quantity in our assessments. ⚡️Gold / FXCM Best Break Our / Key level's 15m Tf 🚨Bullish After Break Out key level + High Volume / 2763 Area 🚨Bearish After Break Out key level + High Volume / 2750.50 Area ⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
CAPITALCOM:GOLD
by GentleGoldenEngine
7
XAUUSD Still a great multi year investment. Why it can reach $40Gold / XAUUSD recovered the November-December 2024 correction and resumed the long term bullish trend. On this 1W chart, it is evident that the yellow metal is incredibly bullish after crossing over the top of the multi year Cup pattern in March 2024. This Cup started on the 2011 High (All Time High then) and was practically the Bear Cycle after the golden multi year rally that followed Gold's ETF lauch in the early 2000s. Right now we have started Gold's new Bull Cycle and with the 1week MA50 supporting, we expect another 5 years of growth. Gold remains a sound long term investment, especially in a highly inflationary environment. If you are a long term investor, buy and hold until $4000. Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDLong
by TheCryptagon
GOLD → The bulls are fighting for 2750. ATH is close!FX:XAUUSD is in a bull run phase due to rising risks. The price is testing new highs and trying to consolidate above key resistance. Trump's speech is ahead and high volatility should be expected. Gold price is consolidating in the bullish zone after breaking through the three-top resistance. Traders are analyzing the impact of President Trump's tariff policies, which have caused uncertainty in the markets and weakened demand for the dollar and bonds. Meanwhile, support for gold prices is provided by optimism from China's measures to stimulate stock markets. Investors' attention is focused on US economic data, including weekly jobless claims and Friday's PMI from S&P Global, which could affect expectations for a Fed rate cut. Weak statistics will reinforce forecasts of two rate cuts this year, which supports interest in gold. Technically, the focus is on 2750. If bulls hold their defenses above this zone, gold could head towards ATH. Resistance levels: 2750, 2762 Support levels: 0.5 fibo, 2732 Bullish trend, high risks, politics. Lots of reasons that support the metal. But, today is Trump's speech, and this man knows how to make noise in the market. High volatility is possible. But, in general, gold looks as if it is ready to go up, perhaps it can even renew ATH Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
Micro Copper Futures Headed to ~6 dollarsThe daily chart should be headed to ~5 and then ~6 dollars give or take. It already has a confirmed double bottom that is currently re-testing its neck after reaching the top of the larger wedge here and getting stopped there. If LTFs moves down to re-test 4.27 or even a pullback below it around the EMAs occurs, and these levels are held or reclaimed as supports, that would be a successful re-test of the double-bottom's neckline. That double-bottom's initial target would lead to a breakout of the larger wedge, after a failed breakdown (making it more likely already). A daily wedge break targets $5.97 as its initial take profit target, around $5.14 as the halfway point towards it. Good luck!
COMEX_MINI:MHG1!Long
by dudebruhwhoa
1
GOLD ROUTE MAP UPDATEHey Everyone, Once again our update form yesterday playing out, as stated. We completed 2717, 2737 and 2753 with cross and lock confirmation giving us plenty of time to get in for the action all week. 2768 was open yesterday but we stated that we will not chase this now, as a correction is due and we will use our lower Goldturn for support instead inline with our plans to buy dips. - This played out perfectly, as the gap remained open and we got the correction into the lower Goldturn 2737 for the perfect bounce and reaction with price now heading back up like we analysed. 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 2717 - DONE EMA5 CROSS AND LOCK ABOVE 2717 WILL OPEN THE FOLLOWING BULLISH TARGET 2737 - DONE EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 - DONE EMA5 CROSS AND LOCK ABOVE 2753 WILL OPEN THE FOLLOWING BULLISH TARGET 2768 EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET 2786 BEARISH TARGETS 2696 - DONE EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE FOLLOWING BEARISH TARGET 2675 EMA5 CROSS AND LOCK BELOW 2675 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2661 - 2647 EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE SWING RANGE SWING RANGE 2632 - 2618 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
OANDA:XAUUSD
by Goldviewfx
19
Gold: Potential Correction After Testing Key Resistance Levelshello guys! Key Resistance Zone: The price has reacted strongly at this confluence of resistance, signaling the potential exhaustion of the recent bullish momentum. Correction Scenario: A pullback to the breakout (BO) level, represented by the blue area, appears likely as the price consolidates below the resistance. This region could provide a strong support level, potentially around $2,710-$2,730. Channel Dynamics: The price is still within an ascending channel, suggesting that a retracement would be corrective rather than a trend reversal. The lower bounds of the blue area or the midline of the channel could serve as dynamic support. Confirmation Needed: If the price fails to hold above the BO level (blue area), the next support targets would lie near $2,678 (Fibonacci retracement zone), which aligns with the prior market structure. __________________________ Strategy for Traders: For Shorts: Short-term traders can look for rejection signals at the current resistance, targeting the BO level for potential profit-taking.
OANDA:XAUUSDShort
by melikatrader94
14
Prime Buying Opportunity for Crude Oil Nearing Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend. Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading. Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy. For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
TVC:USOILLong
by Futureguard