Gold’s Triangle Battle: Breakout or Breakdown? hello guys!
Symmetrical Triangle Formation
Gold is trading within a triangle pattern, with price approaching a key resistance zone.
The top trendline of the triangle is acting as a major resistance, while the bottom trendline provides support.
Potential Scenarios
Bullish Case: If price breaks above the minor ascending channel, Gold could test the $2,928-$2,930 zone, potentially aiming for a stronger breakout.
Bearish Case: If resistance holds, a rejection could push Gold down to retest the bottom trendline near $2,885-$2,890.
Key Levels to Watch
Breakout Above: $2,928 could trigger a bullish continuation.
Breakdown Below: $2,900 could indicate a deeper correction.
Final Take:
Gold is at a crossroads—will bulls break through resistance, or will bears drag it back down? Stay sharp, as a decisive move is coming soon! 🔥
Metals
LONG ON COPPERPrice is in Great uptrend structure from the HTF.
Price has completed its pullback all the way to a Key Demand area.
Its also built up liquidity to be swept right above that demand zone.
I expect price to swept buy side liquidity to the downside, tap into demand, then take off to the upside.
I am buying copper.
GOLD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 2912.4
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 - 2897.6
Recommended Stop Loss - 2918.8
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Gold Analysis: Bearish Reversal with Key Support Zone at 2,799hello guys!
let review what happened in gold:
Double Top Formation: The chart indicates a double top pattern, which typically suggests a potential reversal in the price movement. This pattern formed at a significant resistance level, as shown by the "internal static level" marked at the top of the chart. A double top is generally seen as a bearish signal, implying the price may fall after this formation completes.
Broken Trendline: The chart also points out a "broken trendline" that previously acted as a support level. Once the price breaks below this trendline, it suggests a weakening bullish trend, with further downside potential. This break could signal the start of a downtrend.
Main Trendline: Despite the break in the previous trendline, the "main trendline" still holds as a support level for the price. This indicates that the market might find support along this trendline and could reverse back to the upside in the near term, or it could form a lower high and continue the downtrend.
what's next?!
Targeted Support Zone: The arrows suggest a potential price target zone between 2,799.150 and 2,800.000, marked as a key support region where the price might find a base. This zone is below the broken trendline and could act as a demand zone, potentially leading to a rebound or price consolidation before further movement.
In conclusion, the chart is signaling potential bearish momentum, with the possibility of the price moving down to the support zone before either consolidating or reversing back upward. The broken trendline and double top suggest that the market might shift to a downward trend, but the main trendline and support levels must be closely watched for confirmation.
BTC/USD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE Key Insights:
1. Support Zone (Blue Area - 94,877 to 95,643)
Price recently tested this area and showed signs of rejection, indicating potential bullish momentum.
2. Entry & Target Projection
The chart suggests a buy setup with price expected to rise from the current support.
The first target is around 96,828, followed by a higher resistance level at 97,208.
3. Stop-Loss & Risk Management
Stop-loss is likely placed below 94,877 in case of further downside movement.
The risk-to-reward ratio looks favorable with a clear upward structure.
Conclusion:
If BTC holds above 95,000, buyers may push towards 96,800 - 97,200.
A break below 94,877 could invalidate this setup.
Would you like a signal update message for your channel?
Gold (XAU/USD) Technical Analysis – February 18, 2025Trend : Gold is in a strong uptrend, trading within a rising channel.
The price has consistently respected the green trendline (support).
Higher highs and higher lows confirm bullish momentum.
Key Levels:
Support: $2,750, $2,650 (major swing lows)
Resistance: $2,950, $3,000 (psychological level)
Technical Patterns:
There are multiple bullish breakouts from consolidation zones, marked by red resistance trendlines. The recent breakout above $2,850 suggests a continuation toward $3,000.
Ascending channel formation with a possible breakout to $3,250 in the long term.
Indicators:
Bollinger Bands: The price is riding the upper band, showing strong buying pressure.
Momentum: Continues to favor bulls unless there’s a breakdown below $2,850.
1-Hour Chart (Second Image) Analysis
Short-Term Trend:
Gold recently retested support around $2,880 and is consolidating.
Price is trading above the green trendline, maintaining a bullish structure.
Bearish Pullback Areas:
The bearish wick at $2,940 suggests rejection from strong resistance.
A break below $2,880 may signal a temporary correction toward $2,850.
Key Intraday Levels:
Support: $2,880, $2,850
Resistance: $2,940, $3,000
Possible Setups:
Breakout Buy: Above $2,940 → Target $3,000.
Support Buy: Around $2,880–$2,850 with stop loss below $2,840.
Short-term Sell: If price rejects $2,940 again, targeting $2,880.
Trading Ideas & Strategy
1. Swing Trading (Daily Chart Perspective)
Long Entry: Buy on a pullback near $2,850–$2,880, targeting $3,000–$3,250.
Stop Loss: Below $2,820.
2. Intraday Trading (1H Chart)
Buy: If price reclaims $2,940 → Target $3,000.
Sell: If price rejects $2,940 again → Target $2,880 with a stop loss at $2,955.
3. Risk Management
Keep SL tight (~$20-$30 range) due to Gold’s volatility.
Use trailing stop loss to secure profits as price moves higher.
Conclusion
Bullish Trend Dominates: Gold remains in a strong uptrend, and as long as it holds above $2,850–$2,880, buying dips remains the best approach.
Short-term Rejections Possible: If resistance at $2,940 holds, a small pullback may happen before another push higher.
Long-term Target: $3,000–$3,250 remains achievable in the coming weeks if bulls maintain control.
XAUUSD: Feb 17 intraday strategyTechnical analysis of spot gold
Daily resistance 2950, support below 2852
Four-hour resistance 2950, support below 2852
Gold operation suggestions: Gold was under technical pressure at the 2939 mark last Friday and ushered in a unilateral decline. The price in the Asian session relied on the 2920 mark and slightly rebounded. The European session broke through and stood on the 2930 mark and showed a strong rise. Before the US session, the gold price accelerated to break through the 2939 mark and fell back into shocks. Finally, it ushered in a unilateral decline in the US session. The gold price fell back and broke through the 2900 integer mark and closed weakly. The daily chart formed an engulfing decline.
From the current trend of gold, today's support below is around 2852, and the pressure above is around 2908-13. If the daily support 2852 is not broken, it will be seen as a shock operation. The trend is bullish. If the closing line breaks 2852, it will be seen as a deep correction. Overall, relying on this range to maintain high selling and low buying, patiently wait for key points to enter the market.
If it falls below 2876 in the short term, it may accelerate the correction to 2864, or even test the support of 2853
BUY:2852near SL:2847
BUY:2880near SL:2875
SELL:2910near SL:2915
SELL:2878near SL:2885
Technical analysis only provides trading direction!
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so SILVER 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 30.934.
✅LIKE AND COMMENT MY IDEAS✅
Silver Faces Resistance After Recent RallySilver remained above $32 per ounce on Sunday after recent volatility, supported by a weaker dollar on soft US economic data and easing global trade war concerns.
On Friday, silver hit a three-month high, driven by strong industrial demand, particularly in electrification and manufacturing. Reports showed China added 357 gigawatts of solar and wind power in 2024, boosting industrial silver use. Meanwhile, India’s Oil and Natural Gas Corp pledged INR 1 trillion for renewable energy, and Indonesia aims to add 17 gigawatts of solar capacity.
Key resistance is at 33.15, with further levels at 33.80 and 34.50. Support stands at 31.40, followed by 30.90 and 30.20.
Gold Extends Gains as Trade War Fears MountGold climbed above $2,900 per ounce, extending its gains for a second day as fears of a global trade war fueled demand. Concerns over President Donald Trump’s proposed reciprocal tariffs added to market uncertainty, increasing gold’s appeal. However, hawkish Fed comments capped further gains.
Fed Governor Michelle Bowman reiterated caution on rate cuts due to inflation risks, while Governor Christopher Waller suggested delaying reductions until inflation eases. Investors now await Wednesday’s Fed meeting minutes for more policy insights. Meanwhile, geopolitical tensions persist as markets watch for updates on a potential Russia-Ukraine ceasefire.
Key resistance levels are at $2,949, $2,975, and $3,000. Support is at $2,880, with further levels at $2,830 and $2,760.
XAGUSD M15 | Falling from the 61.8% Fibo?Based on the M15 chart, the price is approaching our sell entry level at 32.81, aligning the 61.8% Fibonacci retracement.
A rejection at this level could drive prices lower toward our take profit at 32.24, a pullback support level.
The stop loss is set at 33.39, a swing high resistance level.
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Stratos Markets Limited (fxcm.com/uk):
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
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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 fxcm.com/au
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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.
XAUUSD H1 | Bearish Drop from 61.8% Fibo?Based on the H1 chart, the price is rising toward our sell entry level at 2914.99, aligning with a pullback resistance level and the 61.8% Fibonacci retracement.
A rejection at this level could drive prices lower toward our take profit at 2885.34, a pullback support level.
The stop loss is set at 2942.44, a swing high resistance.
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 (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au):
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 fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
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.
Trade Idea : XAUUSD LONG (BUY LIMIT)Market Analysis:
1. Daily Chart:
• XAUUSD is in a strong uptrend, making higher highs and higher lows.
• MACD is significantly bullish, confirming strong momentum.
• RSI is at 65.74, approaching overbought levels but not signaling a reversal yet.
• Price is currently near 2892, a key psychological level.
2. 15-Min Chart:
• Shows recent consolidation after a significant pullback.
• The price is stabilizing above 2890, forming potential support.
• MACD is neutral to slightly bearish, indicating short-term weakness but not a full reversal.
• RSI is 32.24, suggesting oversold conditions and a possible bounce.
3. 3-Min Chart:
• A minor downtrend is visible, with price testing intraday support at 2890.
• RSI at 27.32 indicates oversold conditions.
• MACD is slightly bearish but showing signs of potential reversal.
Trade Setup:
• Bias: Long (Buy)
• Entry: 2892.50 (near current price after confirmation of support holding)
• Stop-Loss (SL): 2885.00 (below recent intraday lows)
• Take-Profit (TP): 2908.50 (targeting the next resistance level)
• Risk-Reward Ratio (RRR): 2:1 FUSIONMARKETS:XAUUSD
XAUUSD : Key Levels & Trading Strategy Hello, traders! What’s your outlook on gold prices? Let’s analyze this precious metal together!
Market Overview
Gold experienced significant volatility in the previous session, fluctuating within the 2940 - 286x range on the larger timeframes.
🔹 Key drivers behind the movement:
✅ Market sentiment shifts as Trump introduces new tariff policies, raising fears of a potential trade war.
✅ The crypto market crisis is pushing investors toward safe-haven assets like gold.
✅ Geopolitical tensions in Russia-Ukraine and the Middle East continue to support gold prices.
Technical Analysis
📉 On the H4 timeframe, gold experienced a sharp drop but is now recovering, reacting around the EMA 34 and 89.
📌 If the price breaks below 287x, a short-term downtrend could unfold.
📌 Today’s focus: Monitor price reactions carefully to refine trading plans.
📌 Important Trading Notes:
⚠️ Avoid trading tomorrow due to market uncertainty.
⚠️ Reduce position sizes to protect capital.
📍 Key Levels to Watch:
🔹 BUY zones: 2830 - 2835, 2880 - 2885
🔹 SELL zones: 2905 - 2910, 2920 - 2925
🚀 Wishing everyone a profitable trading day! Don’t forget to set your TP and SL! 🚀💰
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq rose within a small range, forming a box consolidation pattern. On the daily chart, buying pressure remains strong, and today’s candlestick will merge with yesterday’s due to the holiday. As mentioned previously, today is a key session where the 5-day moving average may provide support, meaning a pullback to this level is possible.
Since yesterday’s high remained in a consolidation phase, the pre-market and regular session today could see some downside movement. The reason is that the market has yet to test a key level, which increases the likelihood of a short-term pullback.
On the 240-minute chart, the buy signal remains intact, but low-volume choppy price action persists. If a sell signal emerges on the 240-minute chart, the Nasdaq could correct down to the 5-day MA, making this a key area to consider buying dips.
Since today’s candle will be a combined session with yesterday, traders should expect price swings that normally unfold in one day to play out over two sessions.
Crude Oil
Crude oil closed higher within a neutral range, forming a bullish daily candle. The key focus now is whether oil can sustain its double-bottom structure, leading to further upside.
For the MACD and signal line to maintain a sell signal on the daily chart, oil must break decisively below $70 by the daily close. If this does not happen, a double-bottom reversal could trigger a rebound, meaning traders should be cautious with short positions.
On the 240-minute chart, a buy signal has appeared, following a false breakdown and a potential double-bottom formation. If holding short positions, be aware of the risk of a sudden price surge.
With ongoing Ukraine-Russia peace negotiations, oil volatility could increase, so traders should remain cautious. A break above $72 would be a bullish confirmation, while a failure to hold $70 support could lead to another leg down. Risk management is crucial.
Gold
Gold rebounded on the daily chart, closing higher. The MACD has not yet crossed below the signal line, meaning that the market remains in a buy-biased structure, increasing the likelihood of continued upside.
While buying dips remains the preferred strategy, gold has already tested the 3-day and 5-day moving averages, meaning traders should now focus on lower time frames for entry confirmation.
If gold continues to rise today and breaks above the 3-day and 5-day moving averages, the MACD could turn higher again, confirming that the buy trend remains intact. However, if gold declines and the MACD forms a bearish crossover, traders should prepare for a potential move down toward the 20-day moving average, adjusting their strategy accordingly.
On the 240-minute chart, the MACD has dropped below the zero line, but the signal line remains above zero, suggesting that rebound attempts are likely. However, since the MACD’s downward slope is steep, a quick bullish crossover is unlikely. Even if gold rises, it may face resistance and pull back again, meaning traders should avoid chasing breakouts.
If the signal line falls below zero, this would be a bearish confirmation, making it safer to trade within a range—selling near highs and buying at lower support levels.
Given yesterday’s holiday, today could see increased volatility as markets adjust. Additionally, Wednesday’s FOMC meeting minutes release is expected to introduce further market swings.
Risk management is key—stay disciplined, and have a successful trading day! 🚀
If you like my analysis, please follow me and give it a boost!
For additional strategies for today, check out my profile. Thank you!
Why You Should Avoid Trading XAUUSD on a USD Bank HolidayTrading XAUUSD (gold vs. the U.S. dollar) during a USD bank holiday is generally a bad idea due to reduced liquidity and unpredictable price movements. With U.S. banks and financial institutions closed, major market participants are absent, leading to lower trading volumes. This lack of liquidity can cause erratic price action, wider spreads, and unexpected volatility spikes, making it harder to execute trades at desired levels. Additionally, with fewer institutional traders influencing the market, technical patterns and key support/resistance levels may not hold as expected. Instead of taking unnecessary risks in an illiquid market, it’s often better to wait for normal trading conditions when price action is more reliable and spreads are tighter.
FUSIONMARKETS:XAUUSD
Gold - A Bullish Close Would Be Insane!Gold ( TVC:GOLD ) has to close bullish now:
Click chart above to see the detailed analysis👆🏻
Just since the end of 2022, Gold rallied about +80% which is simply unbelievable looking at the already significant market cap of the precious metal. However this bullrun does not seem to be over and if Gold confirmes the trendline breakout, another rally of +40% will follow soon.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said we would be looking for price to start with an incline into the lower support regions in order to give us another long opportunity into the target level 2902 initially, which was our Excalibur target. Gold however had another plan and started the move from the open, this allowed us to trade on the red boxes and trade the move upside surpassing the target level into the highs that we witnessed last week.
During the week, we update our traders with the path upside and suggested looking for the short trade from the Red box active level, which worked perfectly giving the move downside that we saw on Friday.
It was a fantastic week in Camelot, not only completing 8 Gold targets on Excalibur, but also all the bias level and red box targets. Not to mention the targets completed on all the other pairs we share and analyse. Well done to the traders who followed!
So, what can we expect in the week ahead?
This week we’re looking for price to potentially give us further opportunities to short, however, we have a key level above of 2910! Support on the intra-day stands at 2870-65, which if targeted early session could give buyers the confidence they need to take that long into the 2890-5 region and above that 2904. There is an extension of the move into the 2910 region, but anywhere between the 2904-10 region are the levels we want to monitor for RIPs, and if they present themselves, the opportunity to take that swing short may be there again.
The key order region (liquidity pool) is sitting below at 2850-55 which is a decent level for price to attempt, but this region needs to be broken to go lower! If broken, we won’t be looking to go long again until we’re closer to lower 2800’s, so please trade with caution this week.
We do have higher targets on Gold, but, there needs to be a correction and if this is it, we’ll make sure to take advantage of it just like we have done for years, up, down, where ever it goes, we’ll trade it with our trusted pal Excalibur, the EA and our Red box indicators.
Not much more to say, low volume news this week, Monday could be a ranging day so expect choppy and whipsawing price action.
KOG’s bias for the week:
Bullish above 2865 with targets above 2885, 2895, 2902 and above that 2910
Bearish on break of 2865 with targets below 2855, 2850, 2843, 2835 and below that 2828
RED BOXES:
Break above 2885 for 2888, 2902, 2910 and 2913 in extension of the move
Break below 2875 for 2870, 2865, 2857, 2855 and 2850 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
The latest trend and trading analysis of gold and crude oilOANDA:XAUUSD Analysis of gold news: Spot gold rebounded slightly in the late trading period of the U.S. market on Monday, but the strength was limited. The daily decline on Friday reached 1.5%, falling from the historical high. However, it should be noted that the price volatility increased significantly after the long squeeze, and the high-level operation caused the long profit-taking, which led to the adjustment of the gold price. The gold price is approaching $2,905/ounce, a surge of more than $22 a day. At present, the Trump administration plans to formally impose tariffs on auto imports on April 2, which may have a wide impact on the global supply chain. Although some investors believe that Trump's tariff policy is mainly a negotiation strategy, the market remains cautious about possible uncertainties in the future. In addition to safe-haven demand, the continued purchase of gold by central banks is also a key factor in maintaining high gold prices. According to market surveys, major central banks around the world, especially those in major Asian countries, continue to increase their gold reserves to hedge against global economic uncertainties. Monday is the U.S. President's Day holiday. The U.S. stock market is closed and the precious metals market is closed in advance. Market trading may be limited. Pay attention to the speech of Federal Reserve Board Director Bowman and Trump's dynamic news, and pay attention to news related to the situation in Russia and Ukraine. There are relatively few economic data this week, mainly due to the US real estate market data and the initial value of the US SPGI manufacturing PMI in February. Pay attention to the interest rate decisions of the Reserve Bank of Australia and the Reserve Bank of New Zealand. TVC:GOLD TVC:USOIL
Technical analysis of gold: The daily line of gold shows a trend of falling with a high-level big negative, and the Bollinger Bands also show signs of closing. However, from the current technical perspective, it is not enough to determine the formation of the top. The main basis is that the unilateral moving average has not broken, and the 5-day moving average and the 10-day moving average have not turned downward, which means that gold still has the possibility of rising. If the daily line continues to close with a big positive this week, the double top position of 2942 above may also be broken. It can be seen that the current technical aspect shows an overall bullish trend. If the unilateral moving average does not break, the downward trend will be difficult to continue; and if the key resistance level of 2942 is not broken, it will be difficult for gold to usher in a new round of substantial gains. Based on this, it is expected that gold will maintain a long-term volatile trend at a high level. Focus on the two key resistance levels of 2930 and 2942 on the top, and pay attention to the support of 2875 and 2830 on the bottom. The limit support is expected to be 2800.
In terms of small cycles, special attention should be paid to the volatile market of the H4 cycle. Above 2878, the H4 cycle closed above the lower Bollinger track with a small cross star, and the 60-day moving average did not break, so it is normal to rebound under the bullish trend. Then the big sun closed up, and the Bollinger band closed, which also laid a bullish tone for the market at the beginning of the week. In this case, it is necessary to wait for the end of the rising market of the H4 cycle, and then judge whether there is room for adjustment. Pay attention to the resistance levels of 2915 and 2930 on the top. On the whole, it is recommended to focus on callbacks and high-altitude rebounds in today's short-term operation of gold. Focus on the resistance of 2905-2915 in the short term, and focus on the support of 2885-2880 in the short term.
Analysis of the latest trend of crude oil market:
Analysis of crude oil news: On Monday (February 17, Beijing time), US crude oil traded around $70.95 per barrel. International oil prices rose slightly in the Asian session, benefiting from the recovery of fuel demand and the news that the United States postponed the implementation of global reciprocal tariffs, which eased the market's risk aversion. The Iraqi Kurdish Autonomous Region may resume exports, and the outlook for Russian oil supply is uncertain. Recently, the chairman of the Iraqi Kurdish Autonomous Region said that oil exports from the region may resume next month. This means that after nearly two years of interruption, oil supplies from northern Iraq will return to the international market, bringing additional supply pressure to the crude oil market. At the same time, US President Trump plans to meet with Russian President Putin to seek to promote peace talks in Ukraine. Although traditional European allies have been marginalized in the process, Trump said that Ukrainian President Zelensky will participate in the discussion of the peace agreement. This development may affect Russia's sanctions policy on oil exports and lead to changes in the global supply pattern in the future.
Technical analysis of crude oil: From the daily chart level, the medium-term trend of crude oil tested the upper edge of the wide channel and then fell, which just matched the fundamentals. The K-line closed with negative entities continuously, and the moving average system showed signs of turning downward. The performance of short-term momentum was dominant, and the medium-term trend returned to the range. The overall trend was mainly downward within the range. The short-term trend of crude oil (1H) rose first and then fell, and oil prices continued to fall and hit a new low. The moving average system was arranged in a short position, and the short-term objective trend direction was downward. In the main downward trend rhythm of crude oil in the early Asian session, short-term momentum was dominant. Patiently wait for the formation of the secondary rhythm. It is expected that the trend of crude oil will maintain low consolidation during the day and gradually test 70. On the whole, the operation strategy of crude oil today is recommended to rebound high and supplemented by retracement. The short-term focus on the resistance line of 72.0-72.5 on the upper side and the short-term focus on the support line of 70.0-69.5 on the lower side.
Summary: The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider the first question every time they trade: they think that as long as they predict the rise and fall of the market, they can do this transaction. This approach of focusing on direction and ignoring position makes traders fail miserably. In fact, there is a big difference between the "trend" and the "direction" of following the trend, because the direction of the market movement presents a fluctuating form, and the market trend is often global. What I can do here is to help you control your positions reasonably, use the support and resistance levels to place orders, and make each order reasonable and traceable. Buying and selling points should not be entered at will, please be responsible for your own funds. If you really can't grasp the market, you can leave a message, and always remember one sentence, professionals do professional things.
Mr. Baker
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea already off to a flying start.
We started with our Bullish target at 2905 hit and now seeing price resist here and ranging due to low volume currently due to US holiday.
We are now looking for ema5 to lock above 2905 for a continuation to the range above or failure to lock above will see price reject into the lower Goldturns for support ad bounce. Ema5 lock will confirm level to level direction and range to range.
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
2905 - DONE
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
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