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Gold (XAUUSD) — Technical and Fundamental Analysis 2HTechnical Outlook On the 4H chart, gold is forming a rising structure and is currently trading near the 3236–3260 resistance zone, aligned with the 1.272 Fibonacci extension. This area is expected to act as a short-term cap, with a potential corrective move ahead. 🔹 Key Levels: Resistance: 3236, 3260 Support: 3132–3140 (trendline), 3082 (horizontal zone) 🔹 Formations: Potential retracement setup after an extended impulse Expected correction toward 3132–3140 (rising trendline) If support holds, price may resume the uptrend toward 3308 (1.414 Fibonacci extension) 🔹 Indicators: RSI near overbought zone MACD shows momentum weakening EMA 50/200 continue to support the bullish trend Fundamental Drivers Inflation concerns and soft landing expectations support safe-haven flows Market is pricing in potential Fed rate cuts in H2 2025 Central banks continue to accumulate gold reserves Dollar weakness provides additional support for gold prices Scenario Base case: Rejection at 3236–3260 → pullback to 3132–3140 → continuation toward 3308 Alternative: Break above 3260 → direct move to 3308. Break below 3132 → possible slide toward 3082.
TVC:GOLD
by TotoshkaTrades
2
Gold & Silver Soar: Trade War RallyAnatomy of a Rally: How US-China Trade Tensions Propelled Gold to Record Highs and Lifted Silver Introduction The global financial landscape is frequently reshaped by geopolitical events, and few have cast as long a shadow in recent memory as the trade tensions between the United States and China. During periods of heightened friction, characterized by escalating tariffs, retaliatory measures, and pervasive economic uncertainty, markets often witness significant shifts in asset allocation. One of the most prominent beneficiaries during such times is gold. This document explores the dynamics behind gold prices reaching record highs amidst a US-China trade war, examining the multifaceted reasons for its ascent and noting the concurrent, significant rise in silver prices, which often move in tandem with the yellow metal due to overlapping market drivers. The US-China Trade War: A Catalyst for Uncertainty The trade conflict between the world's two largest economies represents more than just a dispute over tariffs and trade balances. It embodies a fundamental clash over technology, intellectual property, global influence, and differing economic models. The imposition of tariffs on hundreds of billions of dollars worth of goods creates direct economic consequences: 1. Increased Costs: Businesses face higher import costs, which can be absorbed (reducing profits), passed onto consumers (potentially fueling inflation), or lead to shifts in supply chains (causing disruption and inefficiency). 2. Reduced Trade Flows: Tariffs act as barriers, potentially dampening global trade volumes and impacting export-oriented economies. 3. Economic Growth Concerns: The uncertainty surrounding future trade policies makes businesses hesitant to invest and expand, potentially leading to slower global economic growth or even recessionary fears. 4. Supply Chain Disruptions: Companies reliant on cross-border supply chains face significant operational challenges, needing to find alternative suppliers or routes, often at higher costs and lower efficiency. 5. Currency Volatility: Trade disputes can lead to fluctuations in exchange rates, particularly involving the US dollar and the Chinese yuan, adding another layer of risk for international businesses and investors. This pervasive uncertainty becomes a powerful driver pushing investors towards assets perceived as safe. Gold: The Quintessential Safe Haven Gold's reputation as a safe-haven asset is deeply ingrained in financial history. During times of economic stress, political instability, or market turmoil, investors flock to gold for several key reasons, all amplified by a US-China trade war: 1. Store of Value: Unlike fiat currencies, which can be devalued by inflation or government policy, gold is seen as retaining its intrinsic value over the long term. Fears that trade wars could lead to competitive currency devaluations or necessitate inflationary monetary policies (like extensive quantitative easing) make gold particularly attractive. 2. Hedging Against Uncertainty: When the outlook for traditional assets like stocks and bonds becomes cloudy due to geopolitical risks like a trade war, gold offers a perceived refuge. Its price often exhibits a low or negative correlation to equity markets during downturns, making it valuable for portfolio diversification. 3. Geopolitical Risk Premium: Major international conflicts or tensions invariably add a risk premium to gold prices. A trade war between global superpowers significantly elevates perceived geopolitical risk, prompting safe-haven buying. 4. Weakening US Dollar Potential: While the US dollar itself can act as a safe haven, a protracted trade war could raise questions about the US economic outlook or lead to policies aimed at weakening the dollar to boost exports. Since gold is typically priced in US dollars globally, a weaker dollar generally makes gold cheaper for holders of other currencies, potentially increasing demand and pushing the dollar price higher. 5. Central Bank Demand: In an environment of heightened geopolitical tension and questions surrounding the dominance of the US dollar, central banks (particularly those in emerging markets or nations seeking to reduce reliance on the USD) often increase their gold reserves. This diversification strategy provides a steady source of demand, underpinning prices. A US-China trade conflict could accelerate this trend among various nations. 6. The Mechanics of the Price Surge The record high in gold prices isn't just a passive reaction; it's driven by active market dynamics: • Increased Investor Demand: Retail and institutional investors increase allocations to gold through physical bullion, gold futures contracts, and gold-backed Exchange Traded Funds (ETFs). Large inflows into major gold ETFs are often a visible indicator of this heightened demand. • Speculative Activity: Traders in the futures market anticipate further price increases driven by the ongoing trade tensions and safe-haven flows, adding upward momentum. • Sentiment: Market psychology plays a crucial role. As prices rise and news headlines focus on the trade war and gold's rally, a positive feedback loop can emerge, drawing in more buyers afraid of missing out (FOMO). Silver's Ascent: Riding Gold's Coattails and Its Own Merits Silver prices registering a steep rise alongside gold during such a period is a common phenomenon, though its drivers are slightly more complex: 1. Monetary Asset Correlation: Silver, like gold, has a long history as a monetary metal and store of value. It often trades as "poor man's gold," attracting investors seeking safe-haven exposure at a lower price point per ounce. During strong gold rallies driven by macroeconomic fear, silver typically follows suit. 2. Industrial Demand Component: Unlike gold, silver has significant industrial applications (electronics, solar panels, medical devices). This is a double-edged sword during a trade war. While safe-haven demand pulls prices up, fears of a trade-war-induced global economic slowdown could theoretically dampen industrial demand, potentially capping silver's gains relative to gold. However, in scenarios where safe-haven buying dominates market sentiment, this factor often takes a backseat initially. 3. Higher Volatility: Silver markets are smaller and typically more volatile than gold markets. This means that significant inflows driven by safe-haven sentiment can lead to sharper percentage gains (and potentially sharper losses during corrections) compared to gold. The "steep rise" noted is characteristic of silver's higher beta. 4. Gold-Silver Ratio: Traders often watch the gold-silver ratio (the number of silver ounces needed to buy one ounce of gold). When this ratio reaches historical extremes, some investors may buy silver, betting that it is undervalued relative to gold and that the ratio will revert closer to its historical mean. A major gold rally can stretch this ratio, triggering such trades and boosting silver demand. Global Trends and Context While the US-China trade war serves as a potent catalyst, it often occurs within a broader context of global trends that can support precious metal prices. These might include accommodative monetary policies from major central banks (low interest rates reduce the opportunity cost of holding non-yielding assets like gold), existing geopolitical hotspots beyond the US-China relationship, concerns about sovereign debt levels, or nascent inflationary pressures. The trade war acts as an accelerant, amplifying the impact of these underlying factors on gold and silver. Conclusion The surge of gold prices to record highs during a period marked by an intense US-China trade war is a textbook example of the metal fulfilling its traditional role as a premier safe-haven asset. The conflict breeds deep economic uncertainty, stokes fears of currency devaluation, heightens geopolitical risk perception, and potentially influences central bank reserve policies – all factors that historically drive capital towards gold. The simultaneous sharp rise in silver prices underscores its strong correlation with gold as a monetary asset, benefiting from the same wave of risk aversion, albeit with the added complexity of its industrial demand profile. Understanding these dynamics is crucial for investors navigating volatile periods, highlighting gold's enduring appeal as a portfolio diversifier and a refuge when storm clouds gather over the global economy, particularly when sparked by friction between major world powers.
OANDA:XAUUSDLong
by bryandowningqln
Investors seek refuge and gold is providing it!! The US dollar, equity and bond markets have all been hit hard and money has not turned to US treasuries either. I guess confidence on anything directly related to the USA is very low right now. No surprise that investors chose to place their faith in Gold, a precious metal that has been bullish since 2016. However, finding a suitable entry especially in a parabolic trend is not easy. I am hoping for a pullback, perhaps in the region between 3175-3153 as shown on my chart. This region has acted as resistance earlier this month and recently, price broke above it. A pullback has not occurred yet and I am hoping this will happen this week. In the event that it does, that will provide traders a good location for entry and stop placement. Price will also narrow the gap it currently has with the 20ema (mean reversion). Initial target can be the current high of 3245.40, with the strong possibility that price will extend even higher. This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
FX:XAUUSDLong
by Trading_Vista
SILVER Massive Long! BUY! My dear friends, Please, find my technical outlook for SILVER below: The price is coiling around a solid key level - 29.588 Bias -Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 31.319 Safe Stop Loss - 28.754 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
2
Barrick Gold (strong buy) I want you guys take a look at some things real quick Current Environment Macro Landscape: Defensive + Hard Assets - Gold, Miners, Energy, Real Estate (inflation hedges) AI & Mega Cap Tech - MSFT, NVDA, AMZN — inflows China / Trade War Plays - FCX, CAT, Global Industrials Reflation / Commodity Rotation- Oil, Copper, Uranium, Ag plays gold: safe haven play amid geopolitical risk and tariffs Strong correlation with real interest rates + USD — lower rates + weaker dollar = bullish Tariffs = inflationary = bullish for gold Strong gold reserve base + relatively low AISC copper: 1. China Tariffs = Industrial Policy Countermoves If the U.S. imposes more tariffs on China, China could respond with stimulus or infrastructure spending — which increases demand for copper. China is the world’s largest consumer of copper, and its response to tariffs often includes pro-growth policies. 2. Copper is Critical for EVs, Grids, and Renewables Global push toward electrification, clean energy, EVs, etc., requires a massive amount of copper. Demand is secular, not cyclical — even if tariffs temporarily suppress growth, the long-term demand curve is strong. 3. Tight Supply Outlook Copper supply is constrained globally. Many copper mines are aging, with long lead times for new projects. Barrick is developing world-class copper assets (e.g., Reko Diq in Pakistan — one of the largest undeveloped copper-gold deposits in the world). lets not forget the most revenue being generated from operations comes from their Nevada mines.. US PRODUCTION gold barrick isnt the only mining company money is moving to, take some thought into moving money to commodities
NYSE:GOLDLong
by wilhelmthethird
XAUUSD Daily Trading Plan - Sniper EntriesXAUUSD Daily Trading Plan - Sniper Entries 🚀 🔹 Price Action Overview: Trend: Bullish (H1, H4, M15) Current Price: ~3,217 Market Sentiment: Positive, with strong bullish momentum, consolidating after breaking recent highs. Key News: Core PPI (m/m) and Prelim UoM Consumer Sentiment due today, watch for volatility during the New York session. 🚨 Potential Sniper Entry Zones: 1st Buy Entry Zone 📈 Price Range: 3,172 – 3,175 Why: Strong Order Block (OB) on M15 & M5, CHoCH confirming trend reversal with a clear liquidity grab. Confirmation: Expect a bounce from support as price retraces into the zone, offering favorable risk/reward for a buy continuation. Stop Loss (SL): 3,160 (tight risk management) Take Profit (TP): TP1: 3,200 TP2: 3,220 TP3: 3,240 2nd Buy Entry Zone 🛒 Price Range: 3,200 – 3,205 Why: Minor support with the market showing consistent bullish action around this zone. Confirmation: Watch for market structure to hold; this will be a second-tier entry in case of shallow retracements. Stop Loss (SL): 3,190 Take Profit (TP): TP1: 3,220 TP2: 3,240 TP3: 3,260 1st Sell Entry Zone 🔻 Price Range: 3,220 – 3,230 Why: Possible Premium zone as the price tests recent highs, near overbought conditions. Look for rejections here. Confirmation: Watch for FVG & Price Action rejection signals. Stop Loss (SL): 3,240 Take Profit (TP): TP1: 3,200 TP2: 3,180 TP3: 3,150 2nd Sell Entry Zone 🔻 Price Range: 3,240 – 3,250 Why: Testing the Premium area near previous highs; watch for signs of a strong reversal. Confirmation: Look for Bearish Divergence or Order Block Rejections. Stop Loss (SL): 3,260 Take Profit (TP): TP1: 3,220 TP2: 3,200 TP3: 3,180 ⏰ Key Trading Hours: New York Session (14:30 – 22:00 UTC+2): Pay attention to Core PPI data and Prelim UoM Consumer Sentiment for volatility. Watch for price reaction during these times to align with the entry zones. 🔑 Summary & Final Notes: Buy Bias is dominant in this market given the recent strong bullish momentum. However, be mindful of resistance zones as price approaches key levels. Ensure Risk-to-Reward is always favorable before entering. Monitor key news events around 3:30 PM UTC for potential market reactions. 💬 Let's trade smart! Drop a comment below if you like the setup! 🔥 Follow and subscribe for more analysis!
OANDA:XAUUSD
by GoldFxMinds
USD/JPY Under Pressure – Bears Take the Lead After Break of Supp📊 USD/JPY Daily Technical Outlook – April 11, 2025 Overview: The USD/JPY pair experienced a significant decline on Friday, opening at 145.22, reaching a high of 145.50, and a low of 142.04, before closing at 142.30. This downward movement reflects the continuation of the bearish trend from earlier in the week, influenced by safe-haven flows into the Japanese yen amid escalating trade tensions and weaker U.S. economic data. ​ Mitrade 📈 Current Market Structure: After a period of consolidation, the pair broke below key support levels, signaling strong selling momentum. This move comes amid concerns over the U.S. economic outlook and increased demand for the Japanese yen as a safe-haven currency. ​ 🔹 Key Resistance Levels: 143.45: The previous support level, now acting as immediate resistance. A break above this level could indicate a potential reversal.​ 145.08/145.91: A significant resistance zone. A move above this area could challenge the bearish outlook. ​ 147.85: A major resistance area, which could be a target for buyers if the bullish trend resumes. ​ FOREX24.PRO 🔸 Key Support Levels: 142.04: The low for the day, which acts as immediate support. A stay above this level may prevent further declines. ​ Mitrade 139.59: A significant support level. A break below this could signal a continuation of the downtrend. ​ FX.co 137.92: Strong support, marking a previous high from March 2023. ​ FX.co 📐 Price Action Patterns: The strong bearish candles in recent days indicate dominance by sellers. The breakout below previous support levels and the formation of lower lows support the continuation of the downtrend. However, traders should watch for potential reversal patterns as the price approaches key support areas.​ 🧭 Potential Scenarios: ✅ Bullish Scenario: If USD/JPY holds above 142.04, the pair may attempt a rebound towards 143.45 and potentially 145.08/145.91, driven by short-term profit-taking and potential easing of risk-off sentiment.​ ❌ Bearish Scenario: If USD/JPY fails to sustain above 142.04, a decline to 139.59 could occur. A break below this level could lead to further declines towards 137.92.​ 📌 Conclusion: USD/JPY is exhibiting strong bearish momentum, influenced by safe-haven flows into the Japanese yen and concerns over the U.S. economic outlook. A sustained break below support levels could lead to further declines. Traders should monitor key support and resistance levels and stay informed on global economic developments.​ Mitrade Note: This analysis is based on data available up to April 11, 2025. Always monitor the latest developments and apply appropriate risk management when trading.
Short
by Saeed966
7
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, After completing our 1h Chart route map, please see update on our 4h chart idea, also completed perfectly! We started the week with the drop into the weighted retracement level. No ema5 lock below confirmed the rejection, inline with our plans to buy dips and then we saw price climb up nicely clearing all our bullish targets. BULLISH TARGET 3045 - DONE 3078 - DONE EMA5 CROSS AND LOCK ABOVE 3078 WILL OPEN THE FOLLOWING BULLISH TARGET 3109 - DONE EMA5 CROSS AND LOCK ABOVE 3109 WILL OPEN THE FOLLOWING BULLISH TARGET 3137 DONE EMA5 CROSS AND LOCK ABOVE 3137 WILL OPEN THE FOLLOWING BULLISH TARGET 3170 DONE BEARISH TARGETS 3016 - DONE EMA5 CROSS AND LOCK BELOW 3016 WILL OPEN THE FOLLOWING BEARISH TARGET 2987 - DONE We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
33
Gold’s deleveraging pullback spurs fresh demandSpot gold's initial response to the steepest US trade barriers in more than 100 years was a move to a fresh record high of USD 3,167 per troy ounce on heightened inflation risks, before surging volatility in response to collapsing stock markets saw traders turn their attention to capital preservation and deleveraging—the dash-for-cash focus hurt all leveraged positions across the commodities sector, including those in silver, which experienced a brutal 16.5% top-to-bottom slump, but also bullion, which despite its safe haven label during times of turmoil fell by around 4% before finding solid support around USD 2,950. As the dust begins to settle following one of the worst risk reduction periods in recent years, demand for silver and especially gold has re-emerged, with gold has reaching a fresh all-time-high above USD 3,200, while silver has managed to retrace half of what was lost during the first week of April, both strongly suggesting that underlying concerns remain. A combination of heightened global economic tensions, the risk of stagflation – a combination of lower employment, growth and rising inflation - a weaker dollar, will, in our opinion, continue to support bullion, and to a certain extent also silver. Adding to this is a market that is now aggressively positioning for the Fed to deliver more cuts this year—at current count more than 75 basis points of easing by year-end, and not least continued demand from central banks and high net worth individuals looking to reduce or hedge their exposure to US government bonds and the dollar. With all the mentioned developments in mind, we maintain our forecast for gold reaching a minimum of USD 3,300 this year, while silver, given its industrious exposure and recession worries, may struggle to materially outperform gold as we had previously forecast. Instead, based on the XAU/XAG ratio returning below 90 from above 100 currently, we see silver eventually making it higher towards USD 37.
SAXO:XAUUSD
by Saxo
GOLD short-term analysis, continue to buyGold closed yesterday with a daily increase of more than $100. This kind of single-day increase is extremely rare in more than 10 years. With a rise of $200 in two trading days, the market has been extremely crazy. On Thursday, gold hit a new high in the US market. Market sentiment completely followed the tariff war. Technical analysis has become invalid. We can only control risks and reduce positions to operate. The gold price stood on the middle track and the short-term moving average 5MA, that is, 3030-3040, and the closing price was just above the MA10 daily line. In today's Asian session, gold continued to rise strongly relying on the MA10 daily line, and the current highest has reached 3220. With such a strong impact, the rapid decline of the daily line in three trading days has turned into a bottoming out and rebound. It is still a bull correction to continue to break highs, but because of the impact of the tariff war, the amplitude and time have accelerated. According to the previous large increase, if the bulls continue to be emotional, the next position will be 3300. Gold has risen strongly, continuously setting new historical highs, and the bulls are strong! At the 4-hour level, the support level has moved up. The 1-hour moving average of gold has formed a golden cross upward bullish arrangement, indicating that gold bulls still have the power to rise further. At present, the price of gold has set a new record high, and it is not advisable to rush to chase the rise at this time. The short-term operation strategy can wait for the price to fall back, and after stabilizing below, combine the support level to go long. Today, the highest price of gold in the Asian session has risen to 3220, and the demand for risk aversion has increased. Most people have a high degree of attention and willingness to buy gold. Judging from the trend of the market, gold has stabilized at the previous high of 3167, and the bullish trend has been continued. The daily increase of gold in the past few days has exceeded 100 US dollars. I believe that the increase in the price of gold today will not be too small, and today's gold is expected to further move towards the 3300 mark. Wait for a correction during the session and go long! Key points: First support: 3200, second support: 3185, third support: 3170 First resistance: 3223, second resistance: 3236, third resistance: 3250 Operation ideas: Buy: 3177-3180, SL: 3168, TP: 3200-3210; Sell: 3233-3236, SL: 3245, TP: 3210-3200;
TVC:GOLDLong
by Jun-GoldAnalyst
1
SPY/QQQ Plan Your Trade For 4-11 : Break-Away in CarryoverToday's Break-away pattern suggests the SPY/QQQ will attempt to move (break) away from yesterday's Body range. I believe this trend, after the recent Ultimate Low in price, will be to the upside. I know a lot of people are asking, "why do you think the markets are going to rally now - after you suggested the markets would trend downward?" Things have changed now that we have a 90-day pause in the tariff wars. Yes, China is still an issue - but the rest of the world seems to have a pause on the tariff wars as negotiations continue. I believe the removal of the tariff pressure on the markets will result in a moderate upward trend as we move into Q1:2025 earnings season. Still, I don't believe we will see new ATHs anytime soon. But I do believe the 580+ level on the SPY is a potential high price level that can be reached before the end of April 2025. Gold and Silver are moving into a GAP trend move today. I believe the GAP will be to the upside and I believe Gold and Silver will continue to rally. Silver is really low in terms of comparison to Gold. Silver could make a very big move to the upside over the next 30+ days. BTCUSD is still consolidating into the narrow range I suggested would happen before the bigger breakdown event near the end of April (into early May). Everything is playing out just as I expected. The big change is the removal of the tariffs for 75+ nations (for now). That will give the markets some room to the upside and we need to understand how price structure is playing out into an A-B-C wave structure. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
NASDAQ:QQQLong
by BradMatheny
22
GOLD: Bulls Are Winning! Long! My dear friends, Today we will analyse GOLD together☺️ The market is at an inflection zone and price has now reached an area around 3,233.80 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 3,265.51.Stop-loss is recommended beyond the inflection zone. ❤️Sending you lots of Love and Hugs❤️
FOREXCOM:XAUUSDLong
by FreeXauusdSignals
1
GOLD - Price can bounce down from resistance line of triangleHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago, the price moved inside a rising channel, steadily growing and forming higher highs on the chart. Then Gold touched the upper boundary, made a reversal, and exited from the channel with a sharp impulse. After that, the price reached $2970 support level and bounced, forming a triangle pattern with a narrowing range. Recently, it made a breakout above $3095 zone but quickly faced resistance at the upper line of triangle. Now, Gold trades inside triangle structure and shows weakness near resistance area without strong breakout. In my opinion, Gold can decline and reach $3015 support line of triangle during the next corrective wave. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
News analysisGold technical analysis: 4-hour chart resistance 3250, support below 3178 1-hour chart resistance 3235, support below 3195. Yesterday's CPI was lower than expected, and gold broke through 3200. Today's US PPI data continues to guide the market direction. If the data results are lower than expected (forecasted to be 3.3%), it may strengthen the expectation of interest rate cuts and push gold prices to continue to break new highs. After the breakthrough, the next stage will be 3250~3280; if it exceeds expectations, it may suppress gold prices to 3175-3150 If it stands at $3235 after the news, the next upward target is 3250-3280 If the 1-hour chart K-line entity falls below $3180 after the news is released, it may test the support of 3160-3150 downward For more daily analysis, please see the update →
TVC:GOLDLong
by ActuaryJ
1
GBP/USD Resistance Test: Will the Pound Maintain its Strength?📊 GBP/USD Daily Technical Outlook – April 11, 2025 Overview The GBP/USD pair saw a notable rally on Friday, opening at 1.2970, reaching a high of 1.3046, and a low of 1.2967, before closing at 1.3007. This upward movement reflects the continuation of the bullish trend from earlier in the week, supported by positive economic data from the UK and a weakening U.S. dollar. The pair is currently moving in a strong bullish phase, with the market eyeing higher resistance levels. 📈 Current Market Structure After a period of consolidation, the pair broke above key resistance levels, signaling strong buying momentum. This move follows positive GDP data from the UK, which showed a 0.5% growth in February 2025, the highest growth in 11 months. 🔹 Key Resistance Levels: 1.3046: The highest point of April 11, 2025. This is immediate resistance, and a break above it could lead to further upside. 1.3100: Psychological resistance level. A break above this could extend the rally further. 1.3200: A major resistance area, which could be a target for buyers if the bullish trend continues. 🔸 Key Support Levels: 1.2967: The low for the day, which acts as immediate support. A stay above this level reinforces the bullish outlook. 1.2900: A significant support level. A break below this could signal a short-term pullback. 1.2820: Strong support, marking the bottom of the previous price range. 📐 Price Action Patterns: The strong bullish candles in recent days indicate dominance by buyers. The breakout above previous resistance levels and the formation of higher highs support the continuation of the uptrend. However, traders should keep an eye on potential reversal patterns as the price approaches resistance. 🧭 Potential Scenarios: ✅ Bullish Scenario: If GBP/USD holds above 1.3046, the next targets could be 1.3100 and potentially 1.3200, driven by strong momentum from positive UK data and a weakening dollar. ❌ Bearish Scenario: If GBP/USD fails to sustain above 1.2967, a pullback to 1.2900 could occur. A break below this level could lead to further declines towards 1.2820. 📌 Conclusion: GBP/USD is showing strong bullish momentum, supported by positive economic data from the UK and a weakening U.S. dollar. A sustained break above resistance levels could open the door for further gains. Traders should watch for potential pullbacks at key support levels and monitor economic developments closely. Note: This analysis is based on data available up to April 11, 2025. Always monitor the latest developments and apply appropriate risk management when trading.
Long
by Saeed966
6
SILVER rising trendline support retest Silver maintains a bullish sentiment, in line with the prevailing uptrend. Recent intraday price action suggests a corrective pullback, potentially retesting the previous consolidation zone for support. Key Level: 3090 This zone represents a significant area of prior consolidation and now acts as a key support level. Bullish Scenario: A pullback toward 3090 followed by a bullish bounce would confirm continued upside momentum. Immediate resistance targets include 3266, with extended upside potential toward 3350 and 3450 over the longer term. Bearish Alternative: A confirmed breakdown and daily close below 3090 would negate the current bullish outlook. This would open the door for a deeper retracement toward 3028, followed by 2945. Conclusion: Silver remains technically bullish while trading above 3090. A successful retest and rebound from this level would support further upside. However, a daily close below 3090 would shift sentiment bearish in the short term, increasing the risk of a deeper correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:XAGUSD
by TradeNation
Massive Breakout in EUR/USD – Time to Ride the Trend?📊 EUR/USD Daily Technical Outlook – April 11, 2025 The euro-dollar pair (EUR/USD) continued its upward momentum on Friday, reaching a high of $1.1473 before closing at $1.1352. This movement reflects a significant appreciation of the euro, influenced by a weakening U.S. dollar amid escalating trade tensions and a selloff in U.S. Treasuries. 📈 Current Market Structure: After consolidating earlier in the week, EUR/USD broke above key resistance levels, indicating strong bullish sentiment. The pair's movement suggests a potential shift in market dynamics, with investors seeking alternatives to the dollar. 🔹 Key Resistance Levels: $1.1473: Immediate resistance. A break above this level could signal further bullish continuation. $1.1500: Psychological resistance and a potential target for bulls. $1.1600: A more substantial resistance area that could be tested if momentum continues. 🔸 Key Support Levels: $1.1300: Recent support. A break below this level could indicate a short-term pullback. $1.1200: Next significant support, representing a potential bounce point. $1.1100: A critical support level that, if breached, could lead to a shift in market sentiment. 📐 Price Action Patterns: The pair's recent breakout above previous resistance levels suggests a strong bullish trend. The formation of higher highs and higher lows supports this view. However, traders should watch for potential reversal patterns near resistance areas. 🧭 Potential Scenarios: ✅ Bullish Scenario: If EUR/USD breaks and holds above $1.1473, it could target $1.1500 and potentially $1.1600. Continued weakness in the U.S. dollar and positive Eurozone data would support this move. ❌ Bearish Scenario: Failure to sustain above $1.1300 may lead to a retest of $1.1200, with further declines possible toward $1.1100 if bearish momentum increases. 📌 Conclusion: EUR/USD is exhibiting strong bullish momentum, breaking through key resistance levels. Traders should monitor upcoming economic indicators and geopolitical developments that may influence the pair's direction. 💬 What's your outlook for EUR/USD? Do you anticipate continued strength in the euro, or will the dollar regain its footing? Share your thoughts below! Let me know if you'd like this analysis tailored for a specific platform or with additional details!
Long
by Saeed966
4
GOLD Bullish breakout above ATHGold remains in a bullish trend following a breakout above previous all-time highs. The recent price action suggests strong upward momentum, with buyers currently in control. Key Levels to Watch: Support: 3150 – Key level from recent consolidation; likely to act as strong support. 3134 and 3074 – Deeper support levels if 3150 fails. Resistance: 3270 – First major resistance target. 3285 and 3310 – Additional upside targets on continued strength. Scenarios: Bullish: A pullback to 3150 followed by a bounce could trigger a move toward 3270 and beyond. Bearish: A daily close below 3150 would weaken the bullish setup, potentially leading to a drop toward 3134 or 3074. Conclusion: Gold is currently showing bullish momentum, but watch for a possible pullback to 3150. A bounce from that level would confirm continued strength, while a break below it would shift the short-term bias to neutral or bearish. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:XAUUSD
by TradeNation