Silver key trading level at 3171The Silver (XAGUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The price action creates a sequence of higher highs and higher lows. The recent consolidation appears to be breakout and a retest of a bullish pennant.
The key trading level is at 3171, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 3171 level could target the upside resistance at 3274 followed by the 3308 and 3340 levels over the longer timeframe.
Alternatively, a confirmed loss of 3171 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3125 support level followed by 3076.
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.
Metals
GOLD - XAUUSDLocally, the XAUUSD price broke through the downtrend lines. Now we are near the first resistance of 1900. The next liquidity level is near 1950.
Many experts believe that the price will move sideways until geopolitical tensions subside or until the FED raises interest rates. However, even if rates start to rise with high inflation - the real interest rates are likely to be negative. Therefore, they believe that gold will remain attractive as a defensive asset.
Rising gold = a traditional harbinger of crises and slight shocks in the stock and crypto markets. Gold is an excellent choice for those who don't particularly want to go into cash inflation but don't want to be present in dive markets.
Best regards,
EXCAVO
XAU/USD : Bull or Bear? Let's See! (READ THE CAPTION)By analyzing the 30-minute gold chart, we can see that, as expected, gold resumed its bullish momentum, successfully hitting the $2,923 and $2,929 targets with ease, and even extending its rally to $2,940.
With this move, gold filled the Fair Value Gap (FVG) mentioned in the previous analysis and reached its bearish order block.
Currently, gold is trading around $2,927, and the next move will depend on price stability:
• If gold holds above $2,929 for the next 4 hours, we could see another bullish push.
• If gold fails to hold above this key level, we might see a pullback towards $2,923 as the first corrective target.
Stay tuned for further updates!
GOLD XAUUSD ShortGold is struggling at the 2906–2907 resistance on both H1 and D1 timeframes. it is failed to break this level in H1 time frame , Now we could see a drop toward the 2883/2880 support zone. A break below that could extend the bearish move to 2864.
However, if gold manages to break and hold above 2907, expect bullish momentum to continue. Keep an eye on price action around these key levels!
XAUUSD Gold has reached a strong demand zone around 2882/2878. After a sharp decline, price action shows signs of reversal, with potential bullish momentum building up.
Price is expected to rebound from the support zone and push towards key resistance levels:
✅ Target 1: 2894
✅ Target 2: 2907
A bullish engulfing candle or a strong rejection from the support zone could validate the move.
Breaking above 2894 may accelerate the bullish momentum.
⚠️ Bearish In-validations:
A breakdown below 2882/2878 may signal further downside to 2863, the next strong support level.
Look for confirmation before entering a long trade.
Use a tight stop-loss below the demand zone for risk management.
GOLD - Price can bounce up from support line of wedgeHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Not a long time ago, price reached support level and broke it, after which made a retest and started to grow in channel.
In channel, Gold rose to $2880 level, but at once made correction to support line of channel and then continued to grow.
Soon, price broke $2880 level and rose to resistance line of channel, where it turned around and started to decline.
Gold exited of channel and continued to trades in a wedge, where it fell to support line and then bounced up.
Later it reached resistance line of the wedge, but recently it dropped to support line and now it rising near this line.
In my mind, Gold can bounce up from support line to $2950, thereby exiting from the wedge pattern.
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Silver is still flirting with its key short-term resistance areaLooking at the current technical right now, we can see that MARKETSCOM:SILVER bulls are trying to find strong grounds to lift themselves and travel back to the current all-time high. However, certain boxes have to be ticked first, before we can get a bit more comfortable with further action to the upside.
TVC:SILVER
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XAUUSD Channel Up preparing the new Bullish Leg.Gold (XAUUSD) has been trading within a Channel Up for almost 1 month. Friday's test of the 4H MA50 (blue trend-line) proved once again why this level is the strongest Support within the pattern, as it held and has initiated a relative bounce.
If this continues, it should technically be the new Bullish Leg, similar to the January 27 rebound on the 4H MA50. As you can see, even the 4H RSI sequences among those fractals follow the same pattern.
If (d) is indeed the technical RSI bottom, then we can expect a similar 1.5 Fibonacci extension rally to 2970.
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HelenP. I Gold may correct to trend line and then start to growHi folks today I'm prepared for you Gold analytics. Recently, the price began to rise from the trend line and quickly approached Support 2. After breaking this level, which aligned with the support zone, it made a slight upward movement before pulling back to the trend line. Following this correction, the price resumed its upward momentum and soon reached Support 1, another level that matched the support zone. At this point, Gold traded around Support 1 for some time before making a minor correction. Then it reversed direction and decisively broke through Support 1, entering a consolidation phase. Within this range, the price initially climbed to the upper boundary before retracing back to Support 1. Gold lingered near this level for a while and eventually rose again to the upper part of the range, only to reverse and start declining. Currently, Gold has reached a support level and is trading near it. In my view, XAUUSD will likely drop further into the support zone, touch the trend line, and then begin moving upward toward the top of the consolidation range. For this scenario, I have set my target at 2940 points, which aligns with the upper boundary of the range. If you like my analytics you may support me with your like/comment ❤️
Gold at a Crossroads – Break 2934 for ATH or Drop to 2873? Gold (XAU/USD) Technical Analysis – February 17, 2025
Market Overview
Gold prices remain volatile amid ongoing concerns over U.S. tariff policies and anticipation of Federal Reserve officials' speeches, which could provide clues about future interest rate decisions. With U.S. markets closed for President’s Day, liquidity is expected to be lower, potentially increasing price swings.
Technical Outlook
Gold's price action suggests a potential corrective move toward 2918 before resuming a bearish trend targeting 2873. A decisive H1 or H4 candle close below 2873 would strengthen the bearish momentum, leading to further downside targets at 2859 and 2823.
On the upside, for gold to regain a bullish trend, it must break above the All-Time High (ATH) at 2934. If successful, the next resistance targets would be 2956 and 2974.
Key Levels to Watch
🔹 Pivot Point: 2906
🔹 Resistance Levels: 2918, 2934 (ATH), 2956, 2974
🔹 Support Levels: 2873, 2859, 2840
📉 Bearish Scenario: Below 2873, expect further declines to 2859 and 2823.
📈 Bullish Scenario: A breakout above 2934 would open the door to 2956 and 2974.
💬 Will Gold break 2934 for new highs or correct lower first? What's your outlook? Drop your thoughts below! 👇🔥
DeGRAM | GOLD lower volatilityGOLD is under an ascending channel above the trend lines.
Price is moving towards the $2943 resistance level.
The chart volatility has decreased.
Indicators are pointing to a bearish divergence formed on the 1H Timeframe.
We still expect a correction. The asset is overheated and its correction is only a matter of time.
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GOLD → Price is confirming the flat. Emphasis on 2905FX:XAUUSD within the 2% correction that happened on Valentine's Day confirmed that one should not fall in love with the market. Technically the market is still bullish, the price is inside the range of 2880 - 2940
Investors are waiting for the meeting between Trump and Putin, which may influence the Russian-Ukrainian conflict and reduce geopolitical risks.
Additional support for gold is provided by expectations of Fed rate cuts after weak US retail sales data. At the same time, the markets are watching the escalation of the tariff confrontation between the US and the EU. High volatility is possible in the coming days due to holidays in the USA and speeches of the Fed representatives
The key figure is the ascending support, relative to which a false breakdown and the range of 2880 - 2940 is formed. If the price holds in the buying zone, under the bullish support, we can still see the growth.
Resistance levels: 2904.7, 2922.6
Support levels: 2893, 2880
A pre-breakdown consolidation is forming around 2904.7. If the resistance is broken and the bulls can keep the defense above this zone, the gold may continue its strengthening. I do not exclude a retest of the support at 2893 - 2880 before further growth.
Regards R. Linda!
XAU/USD Pullback or Reversal? Key Support Zone in Focus!📊 Gold (XAU/USD) Daily Chart Analysis – Feb 16, 2025
🔹 Current Price: $2,882.48 (-1.57%)
🔻 Recent High: $2,939.98
🔻 Recent Low: $2,877.03
🔴 200 EMA: $2,562.04 (Long-term support)
🧐 Key Observations:
✅ Strong Uptrend: Price has been in a bullish trend since late 2024.
✅ Support Zone: A key demand zone around $2,850 - $2,870 (highlighted in blue).
✅ Trendline Retest: The price is testing the trendline, which could act as support.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers step in at the support zone, we could see a bounce towards $2,950 - $3,000 🚀.
🔹 Bearish Case: A breakdown below $2,850 may trigger a deeper pullback to $2,800 - $2,750 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for bullish confirmation (e.g., reversal candles) in the support zone before entering long.
📌 Sell Setup: If the price closes below $2,850, short positions could be considered with targets near $2,750.
🔥 Final Thoughts: Despite today’s pullback, gold remains bullish unless key support levels break. Watching price action around the blue zone will be crucial!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #Gold #XAUUSD
SILVER Is Very Bearish! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 32.444.
The above observations make me that the market will inevitably achieve 30.847 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2,779.525 area.
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My thoughts for GCIm looking for areas of consolidation on a higher time frame preferably the one hour then on the 5min wait for a bullish engulfing to print to enter for buys, now Monday is a holiday so I know NYSE will be closed so for the entries already taken, during Asian opening will only be technical trades, but there is high impact news, and depending on descolations with
Russia, I plan for contiunation buys, but I plan to watch the dollar and the yields for any potential reversals to the. downside
Gold Price ActionHello Traders,
Take a look at the higher timeframe (4H)—it's clear that the market is in an uptrend. Here, we can see a rally-base-rally formation, indicating a continuation of the trend.
We can follow the market momentum and look for opportunities near the 15M zone or even before the price reverses. Keep a close watch and consider going long, but always remember to manage your risk properly.
Wishing you all the best and happy trading!
Thank you.
This is about the 4-hour golden roadmap and trading planHi, everyone. Gold prices have stabilized, and the market is evaluating whether the previous rally is excessive. After experiencing the biggest one-day drop in two months last Friday, gold prices remain around $2,900 per ounce. Previously, technical indicators showed that gold prices entered the overbought area, causing investors to worry that the short-term rally may be too fast, which will trigger a correction.
News impact:
Expectations of a Fed rate cut have increased, supporting the long-term upward trend of gold prices
Weak US economic data and rising expectations of rate cuts are good for gold. The latest data from the US Department of Commerce showed that the decline in retail sales data in January was the largest in nearly two years, exacerbating market concerns about the slowdown in the US economy and prompting investors to further bet on the Fed to cut interest rates this year. According to the latest futures market pricing, the possibility of a Fed rate cut in September has increased.
Global central bank gold purchases and safe-haven demand still provide support
Global central banks continue to buy gold, boosting the market's long-term bullish sentiment. Recent data show that major central banks around the world, especially major Asian central banks, are still increasing their gold reserves, providing solid support for gold prices. The latest market data shows that the pace of central bank gold purchases has not slowed down, and gold ETF holdings have also shown signs of recovery, reflecting that institutional investors are still optimistic about the long-term prospects of gold. In addition, there is still great uncertainty in the Trump administration's tariff policy. Although the market tends to believe that the tariff threat is more of a negotiating strategy, trade tensions may still trigger safe-haven demand, thereby supporting gold prices.
Viewpoint:
The recent volatility in the gold market reflects that investors need to adjust after a strong rebound, but in the long run, the direction of the Federal Reserve's monetary policy will still be the core driver of gold prices. If the US economic data continues to be weak in the future, the Fed's interest rate cuts may accelerate, further pushing up gold prices. In addition, the trend of global central banks buying gold has not slowed down, indicating that the market still has confidence in gold as a long-term safe-haven asset.
Analysis and suggestions:
In the short term, the gold market may face certain technical adjustment pressures, but as long as the Fed's policy expectations remain loose and global trade and geopolitical uncertainties continue to exist, gold still has a good basis for rising. In the future, the focus of the market will be on US economic data, central bank gold purchases and the Fed's policy statement. Investors need to pay close attention to the further impact of the above factors on gold prices.
Buy trading suggestions
Buy 1: 2878-2883
Take profit 1: 2896-2903
Stop loss: 2862
Sell trading suggestions:
Sell: 2905-2915
Take profit: 2895, 2886
Stop loss: 2921
Mr. Baker
This is the next 4-hour gold roadmap and trading planHi, everyone. Gold prices have stabilized, and the market is evaluating whether the previous rally is excessive. After experiencing the biggest one-day drop in two months last Friday, gold prices remain around $2,900 per ounce. Previously, technical indicators showed that gold prices entered the overbought area, causing investors to worry that the short-term rally may be too fast, which will trigger a correction.
News impact:
Expectations of a Fed rate cut have increased, supporting the long-term upward trend of gold prices
Weak US economic data and rising expectations of rate cuts are good for gold. The latest data from the US Department of Commerce showed that the decline in retail sales data in January was the largest in nearly two years, exacerbating market concerns about the slowdown in the US economy and prompting investors to further bet on the Fed to cut interest rates this year. According to the latest futures market pricing, the possibility of a Fed rate cut in September has increased.
Global central bank gold purchases and safe-haven demand still provide support
Global central banks continue to buy gold, boosting the market's long-term bullish sentiment. Recent data show that major central banks around the world, especially major Asian central banks, are still increasing their gold reserves, providing solid support for gold prices. The latest market data shows that the pace of central bank gold purchases has not slowed down, and gold ETF holdings have also shown signs of recovery, reflecting that institutional investors are still optimistic about the long-term prospects of gold. In addition, there is still great uncertainty in the Trump administration's tariff policy. Although the market tends to believe that the tariff threat is more of a negotiating strategy, trade tensions may still trigger safe-haven demand, thereby supporting gold prices.
Viewpoint:
The recent volatility in the gold market reflects that investors need to adjust after a strong rebound, but in the long run, the direction of the Federal Reserve's monetary policy will still be the core driver of gold prices. If the US economic data continues to be weak in the future, the Fed's interest rate cuts may accelerate, further pushing up gold prices. In addition, the trend of global central banks buying gold has not slowed down, indicating that the market still has confidence in gold as a long-term safe-haven asset.
Analysis and suggestions:
In the short term, the gold market may face certain technical adjustment pressures, but as long as the Fed's policy expectations remain loose and global trade and geopolitical uncertainties continue to exist, gold still has a good basis for rising. In the future, the focus of the market will be on US economic data, central bank gold purchases and the Fed's policy statement. Investors need to pay close attention to the further impact of the above factors on gold prices.
Buy trading suggestions
Buy 1: 2878-2883
Take profit 1: 2896-2903
Stop loss: 2862
Sell trading suggestions:
Sell: 2905-2915
Take profit: 2895, 2886
Stop loss: 2921
Mr. Baker
Gold short-term analysisFrom the current market, the unexpected plunge of gold not only caused the 2900 mark consolidated last week to be lost again, but also formed a weak daily line to close sharply, and the closing of 2882 made the advantages accumulated by the bulls vanish. However, although gold has lost its upward advantage at present, I do not recommend being overly bearish or chasing shorts this week!
Because firstly, the overnight gold price plunge was not caused by the essential reason, but was stimulated by the outside world, which triggered the market to sell. In this case, the follow-up force is difficult to maintain;
Second, the decline trend on Friday and Tuesday is somewhat similar. Although the possibility of a lower test cannot be ruled out, with the break of the 2900 mark, the support strength obtained by the bulls will become stronger;
Third, in addition to the known fundamentals that are favorable to gold, the current gold ETF holdings are still rising, which means that the market is still enthusiastic about buying gold, so it is optimistic that the gold price will return to the 2900 mark this week.
From a technical perspective, the weekly line has rarely risen for 8 consecutive weeks. Last week, a rising candle with a long upper shadow line was closed, which is favorable for the shorts. However, given that other periodic indicators maintain a bullish arrangement, the Bollinger Bands are running upward as a whole, and the weekly level is generally biased towards the bulls.
In terms of the 4-hour level, after the obstructed decline on Friday this week, the short-term moving average has completed a downward turn, and the short-term moving average extends downward in a dead cross pattern. Among them, the 5-day moving average and the 20-day moving average overlap in the 2908 area, forming a double suppression. The Bollinger overall intends to open, and the MACD indicator dead cross downward pattern shows sufficient downward momentum. From this point of view, the 4-hour level is still dominated by the shorts. On the whole, the short-term operation strategy of gold today is recommended to focus on rebound selling, supplemented by retracement buying!
Key points:
First support: 2873, second support: 2862, third support: 2853
First resistance: 2893, second resistance: 2900, third resistance: 2908
Operation ideas:
BUY: 2865-2868, SL: 2857, TP: 2890-2900;
SELL: 2897-2900, SL: 2908, TP: 2870-2860;
World gold continues to run out of timeGold prices today in the world February 17: Trade tensions pushed gold prices to record highs
Precious metals investors have endured a volatile week, as dismal US economic data and escalating tariff threats pushed gold prices to new record highs. However, at the end of the week, some optimistic news about the US economy and the US-Russia peace negotiations caused gold to take profit and fall sharply. The downward trend has not stopped today, gold is still trading below 2,900 USD/ounce.
Unfavorable economic data from the US has also pulled the USD down, possibly creating opportunities for commodities traded in USD. Specifically, retail sales in the US in January decreased by 0.9%, in contrast to the increase of 0.7% (adjusted from 0.4%) in December, according to an announcement from the US Census Bureau on Friday. This decrease is lower than market expectations, only -0.1%.
With this situation, although gold prices are currently trending down in the short term, unstable factors from Trump's tax policy or concerns about trade wars can still create momentum to help gold prices go up in the future, especially when the demand for safe assets increases.