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GOLD – The bulls continue to hold the advantage!Hello, dear friends! Gary here. Today, XAUUSD continues to extend its strong upward momentum, currently trading around the 3,227 USD level. This precious metal is surging due to safe-haven flows amid growing concerns about a global recession. From a technical perspective, after close observation, we can see that price action is showing signs of repeating a familiar market structure. There’s a possibility of a short-term correction to build up more bullish momentum, especially after buyers pushed too far from the liquidity zone around 3,150 – 3,149. Meanwhile, the 34 and 89 EMA trendlines are both signaling strong support for the bulls, with no indication of a reversal so far. Therefore, pay close attention to the key resistance zone I’ve marked on the chart — this could be the breakout area that decides the next big move for this metal. If you find this information helpful, don’t forget to leave a comment and a like, let’s discuss it together!
OANDA:XAUUSDLong
by Garygoldtrader
2
Gold's Growth Sign - 11/04/2025​The gold market remains highly active, supported by capital inflows seeking safe-haven assets amid escalating U.S.-China trade tensions following President Donald Trump's decision to increase tariffs on Chinese imports.​ From a technical perspective, gold is in a strong uptrend. It is considered a hedge against instability, especially as the tariff war increases inflationary pressures and pushes bond yields higher. If the trade conflict persists, the U.S. dollar may lose its role in global trade, further supporting gold prices.
OANDA:XAUUSDLong
by FX-Toro
Nifty50 Wkly Anlysis – Strong Reversal, But Volatility AheadThe Indian stock market closed the week on an interesting note. The Nifty 50 index ended at 22,828, just 70 points lower than last week's close, after forming a significant bullish reversal from a low of 21,743 to a high of 22,923. As we mentioned in last week's market outlook, a base formation was underway—and this week's price action confirmed it. With the next week being truncated due to market holidays on Monday and Friday, traders should expect increased volatility and sideways movement. Key Technical Levels: Support: 22,200 – This is 50% of this week's candle; a break may bring bearish momentum. Resistance: 23,400 – A close above this could ignite a rally toward 23,900, 24,100, and possibly 24,414. On the global front, the S&P 500 respected the 4,800 support level, rebounding sharply to close at 5,363. However, underlying market weakness remains, so it's a sell-on-rise situation in U.S. equities. Pro Tip: Indian investors should keep an eye out for quality, fundamentally strong stocks. Any correction in the market may offer excellent long-term buying opportunities.
NSE:NIFTY
by ssudhirsharma11
GEX Analysis & Options “Game Plan”🔶 Short- and longer-term perspective in a high IV, negative GEX environment 🔶 KEY LEVELS & RANGES Spot: 221 Gamma Flip / Transition: around 250 (the turquoise zone on the chart) – This zone typically marks a “power shift.” If price decisively breaks above 250 and holds, market makers’ gamma positioning could flip from neutral/negative to positive. Put Support: 200 – A large negative gamma position has accumulated here, making 200 a strong support level. If it breaks, the downside may accelerate. Call Resistance: 400 – A major long-term “call wall” where a significant amount of OTM calls are concentrated. It’s more relevant to LEAPS; currently far from spot, so not a realistic short-term target. Call Resistance #2: 300 – A medium-term bullish objective, still above the 200-day MA. You’d need to be strongly bullish to aim for ~300 by May (e.g., going for a 16-delta OTM call). Short-Term / Intermediate GEX Levels: – There are gamma clusters around 220–230 and 250–260 . These areas often see higher volatility, possible bounces, or stalls (chop) due to hedging flows. 🔶 WHATEVER SCENARIO – SHORT TERM (0–30 DAYS) A) Upside Continuation / Rebound – If TSLA closes above 225–230 , the next target is 240–250 (transition / gamma flip). – If it breaks above 250 and holds (e.g., successful retest), market makers may shift to “long gamma,” fueling a quicker move to 260–270 . – Resistance: 250, 300, with an extreme LEAPS-level at 400. B) Downside Move / Bearish Break – If price dips below ~220 and sustains, the next targets are 210–200 (major put wall / negative gamma). – If 200 fails, negative gamma may magnify the sell-off. It’s an extreme scenario but still on the table given high IV and macro/geopolitical risks. – Support: 210, 200 — likely stronger buying interest near 200, possibly a short-term bounce. – The options chain suggests near-term hedging via puts for this scenario. C) Chop / Sideways – If TSLA stays in 210–230 , market makers (short options) might benefit from high IV/time decay. – Negative GEX, however, can trigger sudden moves in either direction; caution is advised. 🔶 LONGER-TERM FOCUS (6–12 MONTHS, LEAPS) NET GEX = -61.97M (negative territory) suggests longer-dated positioning is also put-heavy or carries notable negative gamma. HVL / pTrans = 250 is a key pivot; cTrans+ = 400 is distant call resistance. Between these levels, there’s a mix of put/call dominance. If Tesla undergoes a fresh growth phase (AI, robotaxi, energy storage, etc.) and clears 250/300 , 400 could become the next significant call wall — but that’s more of a multi-month horizon. 🔶 STRATEGY IDEAS (High IV Environment) 1. Short-Term Bearish – If you’re bearish and expecting TSLA to test 220–210, consider a bear put spread or net credit put butterfly (lower debit) to leverage high IV. – Targeting 200, but keep in mind negative gamma may accelerate downside movement. 2. Medium-Term “Contra” Bullish (bounce to 250) – If GEX suggests a bounce off 210–220, consider a bull call spread (e.g., 220/240) or a net debit call butterfly (220/240/250). – Be mindful of sudden swings, as we remain in negative gamma territory. 3. Longer-Term Bullish (>3–6 months) – A call butterfly with upper strikes around 300–350 offers capped debit and higher potential payoff if a bigger rally materializes. – A diagonal spread (selling nearer-dated calls, buying further-out calls) exploits elevated front-end IV. 4. Neutral / Range-Bound – If TSLA stays in 200–250 , you could use Iron Condors (e.g., 200/260) to benefit from time decay and any IV collapse. – Exercise caution: negative gamma can generate abrupt, directional moves, making a neutral stance riskier than usual. 🔶 ADDITIONAL NOTES & “BIG PICTURE” High IV & Negative GEX: TSLA has a track record of large swings. Negative GEX can intensify sell-offs, while forced hedging might trigger rapid rebounds. Preferred Structures: With expensive premiums, spreads (vertical, diagonal) and butterfly configurations generally fare better than plain long options (less vulnerable to time decay). Potential Catalysts: AI announcements, Autopilot breakthroughs, new product lines, and macro changes can swiftly alter market dynamics. Keep tracking GEX updates and news flow; TSLA tends to respond dramatically to fresh developments. 🔶 Bottom line: From 221 spot, watch 210–200 on the downside and 240–250 on the upside short term. Medium-term bullish target = 300 , while 400 remains a far LEAPS scenario. High IV + negative gamma = fast, potentially volatile moves — so risk management and spread-based approaches are crucial.
NASDAQ:TSLA
by TanukiTrade
1
04/07 GEX + Historic VIX Highs: Extreme Volatility with OptionsWow, where to begin? We’ve just come through a week that even the most thorough analysts found surprising. Last Friday’s brutal sell-off triggered such a massive margin call rally that even the hedge funds were forced to exit gold—which is usually considered a safe haven—on Friday. The VIX is at a historic high — no joke. We last saw levels like this during the 2008 crisis and the COVID panic in 2020. 📌 High IV = High Theta When implied volatility (IV) is high, theta (the time decay of options) is also high. This means that maintaining long put protection becomes extremely expensive. From a broker’s hedging perspective, if they are short expensive put options, they can gradually buy back their futures positions over time (all else being equal). As IV rises, this buyback becomes increasingly attractive for them. Let’s look at our weekly SPY analysis using GEX Profile (Gamma Exposure) indicator first: It’s definitely not a cheerful chart! * Below 520: We have strikes dominated by puts. The largest negative GEX “profit-taking zone” sits at 490. If price reaches that level and the support fails (the previous major bottom from April 2024), we could move even further down into a very wide negative squeeze zone, possibly as far as 445. * HVL zone: 520–546: A choppy area around the gamma flip. * Above 546: This would signal a +10-15% rally, putting us in a positive gamma zone. However, such a scenario currently seems unlikely—at least based on the gamma levels we see right now. I won’t sugarcoat it: we’re at levels now where the market could easily move 10% in either direction. So, in my view, forget about conservative option strategies with flat delta exposure. 🤔 What Can We Do? Important: This analysis reflects my personal opinion only. It’s primarily for those looking to speculate in this highly uncertain environment. If you’re holding put options strictly as a hedge, then this may not be directly relevant to you. In these conditions, the number one rule is to survive—hedges are meant to protect assets or guard against margin calls, not to make profit. Currently, IV (implied volatility) and VIX are at historic highs. For them to stay this elevated, we’d need new negative headlines and further major market drops. While that could certainly happen, statistically it becomes less and less likely as time goes on. Buying Put Options …. no way? First off, there are plenty of challenges if you plan to buy put options right now—most of all their cost. Put options are nearly twice as expensive as calls in many cases. Does this mean I recommend selling puts or put spreads? I’m not saying you shouldn’t, but be aware: this isn’t for the faint-hearted or for beginners (the risk is high!). It might be worth exploring butterfly or vertical debit spread strategies, as our goal remains the same as always: to maximize the risk–reward ratio. 🐂 If You’re Bullish This might sound like a ninja move, but one possibility is to buy call butterfly spreads. Yes, the market could still drop—that’s absolutely possible. But statistically, it’s becoming less likely that we’ll see another huge leg down without some form of rebound. - Slight Move Up: In the event of a mild rise, call spreads and call butterfly strategies can significantly outperform a simple long call. The short legs in a spread/fly offset high theta costs and mitigate the negative effects of falling IV. - Even with a +10% Move: A long call is often still not the best choice in this environment—even if the option goes deep in the money. Where Call Spread/Butterfly Can Fail If stocks rally 15–20% or more and IV also increases (which would be unprecedented in just a few days). If the market crashes and VIX spikes above 100 (IV would skyrocket, raising the cost of all options further). Cheap Bullish Calendar Spread In a situation like this, even a cheap calendar spread can be a good play — the risk is relatively low, especially if managed well and the breakeven range is wide. Of course, if implied volatility drops, the spread could narrow, but that would likely come with a market rally, which theta can help capitalize on. 🐻 If You’re Bearish I strongly advise against buying single-leg puts, even on a 0DTE (zero-days-to-expiration) basis. If you’re convinced the market will keep dropping, I’d only consider debit spreads, aiming for a solid risk–reward ratio (in my case, I look for at least 1:2 risk-to-reward). ⚖️ If You Want to Stay Neutral / Omni bullish If you prefer not to pick a direction, you could try to capitalize on historically high IV with a May-expiration Iron Condor. This is the classic TastyTrade approach, with the caveat that you must monitor GEX levels and IV daily and adjust the far side as needed. Risk Management: If the spot price threatens one of your short strikes, you probably shouldn’t wait around in this volatile environment. It’s usually better to close the position and take a small loss than to hope for a reversal—hoping can become very expensive! Conclusion The market is extremely volatile, and expensive options mean traditional strategies may not work as well as they usually do. Stay cautious, manage risk meticulously, and don’t be afraid to close out losing trades quickly. As always, surviving to trade another day is the most important rule.
AMEX:SPY
by TanukiTrade
5
SPY - support & resistant areas for today April 11 2025The key support and resistance levels for SPY today are above. Follow me to get this notified when I publish in the morning. My group in my signature, get these first, then ideas, and then minds; I also post these for QQQ TSLA META VIX in my group, so join if y'all haven't. Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions. Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change. If you find this information beneficial and would like to receive these insights every morning at 9:30 AM, I invite you to support me by boosting this post and following me @OnePunchMan91. Your engagement is greatly valued! However, please note that if this post doesn’t receive more than 30 boosts, I will have to reconsider providing these daily updates. Thank you for your support! Need any other charts daily, Or how to trade this? Comment on this
AMEX:SPY
by OnePunchMan91
XAUUSD continues to increase pricesHello dear friends! Spot gold (XAU/USD) surged strongly yesterday following the implementation of U.S. tariff measures, which have sparked a new wave of trade tensions. On the analysis chart: the descending trendline has been broken, and price action is now showing strong potential for further upside. The next bullish momentum is further supported by the crossover of the EMA 34 and 89, which act as an ideal cushion for optimistic investors. Therefore, it would come as no surprise if the bulls set their sights on previous highs or the $3,165 level, with the nearest support found around $3,065. If you find this information useful and valuable, don’t forget to like and follow to receive the latest updates!
OANDA:XAUUSDLong
by FX-Toro
Latest XAUUSD update for today!Hello to all passionate and prosperous traders! What’s your take on gold prices today? In this analysis, I’ll be discussing the long-term uptrend of gold using the 4-hour chart. At the time of writing, XAUUSD is showing a strong upward surge with a series of bullish candles and no sign of slowing down. This precious metal is trading around $3117, marking a gain of over 350 pips in just one day. The market appears to be placing its confidence in the bullish outlook for gold, especially with a series of major U.S. economic data releases scheduled for today, including the FOMC meeting minutes, the CPI index, and initial jobless claims. If the FOMC takes a dovish stance, it would strengthen the expectation that the Fed might soon cut interest rates. Additionally, forecasts indicate that both monthly and yearly CPI figures may decline, suggesting that inflationary pressures are easing, which would increase the likelihood of monetary policy easing. The rise in jobless claims also signals a weakening labor market — all of which are supportive of higher gold prices. From a technical perspective, gold remains firmly within its upward trend channel, with strong support from the key psychological level at $3000. Further upside potential is reinforced by the bullish crossover between the EMA 34 and EMA 89, serving as a psychological cushion for optimistic investors. My bias remains bullish. What about yours?
OANDA:XAUUSDLong
by Garygoldtrader
2
XAUUSD: Buy or Sell ?Hello everyone, let’s take a look at OANDA:XAUUSD and plan the latest strategy for this afternoon! Currently, this precious metal is trading around the 3039 USD level, recording a 1.94% gain on the day. The main driver of the rally comes from the news that the United States will impose tariffs of up to 104% on imports from China starting Wednesday. This decision has sparked concerns about a potential global economic recession, thereby boosting demand for safe-haven assets like gold. In addition, the market is expecting the Federal Reserve (Fed) to begin a rate-cutting cycle soon, with over a 60% chance of it happening as early as May, and a projected five more rate cuts in 2025. This expectation is weakening the USD, further supporting gold prices. Although some Fed officials continue to deliver hawkish signals, concerns that tariffs could increase inflation remain and are putting pressure on the Fed's upcoming policy decisions. From a technical standpoint, an effort to shift the trend has formed above the resistance of the descending trend channel, and price is now reacting near the key resistance level at 3055. A breakout and price consolidation above 3055 will trigger the continuation of the current upward move. A retest of the previous broken consolidation resistance at 3020 may also occur. The market structure is fully bullish. A breakout above key resistance or a pullback to support levels will likely lead to the next phase of growth, but if the 3055 level is broken earlier than expected, it could eventually push this metal up to 3110. If you find this information useful, don’t forget to like and follow Gary to stay updated with the latest insights!
OANDA:XAUUSDLong
by Garygoldtrader
XAUUSD continues to fall sharplyHello everyone, it’s great to see you again in our discussion about gold prices today. Last night, gold prices dropped sharply as investors took profits, U.S. bond yields rose, the USD strengthened, and gold plummeted. At one point, gold even touched the level of 2,955 USD; however, it quickly adjusted to limit the decline, although it has not yet managed to revive the trend. At the time of writing, XAUUSD is moving around the 3,006 USD mark, achieving a recovery of over 200 pips. Accordingly, technical analysis shows that gold is forming waves according to Dow theory, with the correction target aimed at the 0.618 - 0.5 Fibonacci area before sellers regain control, as the current environment still puts gold at a disadvantage.
OANDA:XAUUSDShort
by FX-Toro
4
XAUUSD: Bears continue to lead the trend !Hello everyone, let’s explore and build a strategy for gold prices today! As of now, gold has officially lost the psychological level of 3000 USD. This metal is currently moving around the 2980 USD mark and continues to drag its downtrend since last Friday. Accordingly, gold is trading in a negative environment as the USD continues to benefit. In the early days of the week, gold lacks momentum due to the absence of any new announcements, causing buyers to remain hesitant and unable to intervene deeply in the market. Looking at the technical picture, the descending channel remains strongly active and shows no signs of stopping. In the short term, the Bears are expected to stay dominant as the EMA 34 and 89 have issued reversal signals. The current defense level is set around 2965 USD. If this level is broken, selling should continue to be considered. On the other hand, the resistance level at 3020 USD should also be watched, as it represents an ideal selling point, aligning with the upper boundary of the trend channel. Wishing you all happy and profitable trading!
OANDA:XAUUSDShort
by FX-Toro
Opening (IRA): TLT May 16th 84 Short Put... for a 1.59 credit. Comments: High IVR; back in range of 52-week lows. Working both ends of the stick in 20 year+ paper with a covered call on one end of the stick, short puts on the other ... . Metrics: Buying Power Effect: 82.41/contract Max Profit: 1.59 ROC at Max: 1.93% 50% Max: .80 ROC at 50% Max: .96% Since I want to potentially pick up additional shares at a lower price, I will run this to expiry or approaching worthless (e.g., .05).
NASDAQ:TLTLong
by NaughtyPines
XAUUSD: Downtrend intact as bears tighten their gripOANDA:XAUUSD is continuing to move within a clearly defined descending channel on the H1 timeframe. The price structure shows that the Bears still control the market as each pullback is rejected right at the upper trendline. Currently, price is reacting around the confluence zone between the dynamic resistance line and the previous distribution area. There is no sign that buying pressure is strong enough to break the descending channel. Instead, price action is showing weakness and hesitation from the buyers. The support zone around 2,955 continues to serve as the final foothold for the current downtrend. If this area is breached, the sell-off could accelerate sharply, pushing price toward the 2,880 region, where the lower boundary of the channel quietly awaits. Until the technical structure changes, the downtrend remains the main scenario. There is no reason to look for buying opportunities at this time.
OANDA:XAUUSDShort
by Garygoldtrader
8
EURUSD: Are buyers reviving the trend ?Hello everyone, let’s talk about the EURUSD pair today! EUR/USD saw a slight bullish rebound on Wednesday, ending a 3-day losing streak and posting some late gains just before the broad “reciprocal” tariffs from the Trump administration took effect on April 9. Currently, EURUSD continues to extend above the 1.100 level. Accordingly, the recent upward momentum has been supported by the weakening of the USD after President Donald Trump announced new tariffs on imports from several countries, including a 20% tariff on the European Union. This sparked concerns over a global trade war, prompting investors to reduce USD holdings and seek alternative assets. Additionally, due to a shift in market sentiment, the increase in trade tensions and growing fears of a U.S. economic recession have driven investors to search for safer assets, including the euro. From a technical standpoint, buyers successfully broke out of the descending channel and completed a retest of the previous breakout, with the support level now firmly reinforced by the EMA 34 and 89 – acting as a strong launchpad for EURUSD to climb higher in a favorable environment.
Long
by Garygoldtrader
5
Gold continues the trend of reduced from 3100 USD ?Hello everyone! Gary here, it's great to see you again in today's gold price analysis! Generally, XAUUSD has experienced a significant price decline at the beginning of the week, dropping below the 3055 USD level. It is currently trading at a new level of 3005 USD, showing little change compared to yesterday's trading session. So, what are the reasons and strong factors currently affecting gold prices? Regarding influencing factors: The daily market factors include a weaker dollar and a pause in rising U.S. bond yields. The market is reacting to the escalating trade tensions between the United States and China, including the threat of a new 50% tariff and potential countermeasures from Beijing. Growing expectations for a Fed rate cut and a recovery in risk appetite also support gold's growth, but the uncertainty of global trade policy leaves investors uncertain. Regarding the new outlook for XAUUSD: On the 1H chart, as Gary mentioned earlier, XAUUSD is currently receiving strong support at the 2970 USD level. A break below this level will lead to a significant price drop, while maintaining this level will result in an increase. Upon close observation, it can be seen that the precious metal has broken through the previous support level of 3055 USD, establishing it as a new key resistance level. Both short-term and medium-term outlooks indicate that the downtrend is gradually strengthening. Therefore, as long as the resistance levels within the descending channel are well protected, the Sell strategy remains the top priority. If you find this information useful, don't forget to like and follow Gary for the latest updates!
OANDA:XAUUSDShort
by Garygoldtrader
Today is XAUUSD: The price continues to decreaseHello everyone, let's take a moment to reflect on the movement of OANDA:XAUUSD this week: will it rise or fall? Here are some detailed insights and analysis from Toro regarding this metal. When looking at the chart, it seems that the long-term upward trend of XAUUSD is showing signs of weakening, especially as it starts to decline from the peak near $3,170. The trend appears to be shifting to a sideways movement and may continue to fall closer to the support turned resistance level at $3,055. Furthermore, the decline was triggered by profit-taking amid the strong news from the previous week. Additional pressure was created by the strong NFP report released on Friday, adding even more downward pressure on this metal. Based on these signs, Toro sets a target and expects that XAUUSD may drop back to the $3,000 level. The next support level lies at the one-month low of $2,971, which corresponds to Fibonacci 1. Below this level, the range of $2,867 - $2,868, corresponding to Fibonacci 1.618, will be tested. If you find this information helpful, please leave a like and follow Toro for the latest updates!
OANDA:XAUUSDShort
by FX-Toro
Where will gold price go today?Hello dear friends, a new week has arrived, wishing you a lot of energy! At the beginning of the new trading week, gold continues to extend its previous downward trend. The precious metal once dropped below the $3,000 mark but quickly regained some recovery, although it has not yet fully stabilized. Currently, the trading level is moving around the $3,027 area, marking a decline of more than 0.32% at the time of writing. Regarding the outlook, global economic and political factors indicate an unfavorable environment for gold prices during this period. Accordingly, this week, 16 experts participated in the Kitco News Gold Survey, and the results show that Wall Street has reversed its extremely optimistic view from the previous week. Five experts (31%) predict that gold prices will recover this week. Eight (50%) believe that gold prices will continue to decline. The remaining three (19%) think that gold prices will move sideways around the current low levels. Meanwhile, the Kitco online survey attracted 273 retail investors to participate. Retail investor sentiment only slightly decreased compared to the previous week. A total of 167 people (61%) expect gold prices to rise this week; 70 people (26%) predict a decline; while the remaining 36 people (13%) think prices will move sideways. What about you, what do you think about the gold price trend this week?
OANDA:XAUUSD
by Garygoldtrader
5
SPY - support & resistant areas for today April 7 2025The key support and resistance levels for SPY today are above. Follow me to get this notified when I publish in the morning. My group in my signature, get these first, then ideas, and then minds; I also post these for QQQ TSLA META VIX in my group, so join if y'all haven't. Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions. Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change. If you find this information beneficial and would like to receive these insights every morning at 9:30 AM, I invite you to support me by boosting this post and following me @OnePunchMan91. Your engagement is greatly valued! However, please note that if this post doesn’t receive more than 30 boosts, I will have to reconsider providing these daily updates. Thank you for your support! Need any other charts daily, Or how to trade this? Comment on this.
AMEX:SPY
by OnePunchMan91
1
XAUUSD under selling pressure: Will Gold’s downtrend continue?At the end of the last trading session, XAUUSD continued its downward trend, currently quoted at 3037 USD, corresponding to a 2.46% decline on the day. The main reason for this decline is the escalating trade war, which has raised concerns about a global economic recession, leading to panic and a sell-off in gold to cover losses from other assets. Additionally, the recovery of the USD during the day also put pressure on gold. Meanwhile, Federal Reserve Chairman Jerome Powell stated that President Donald Trump's new tariffs are "larger than expected" and that the new tax policies could have stronger-than-anticipated effects on the U.S. economy, increasing inflation and slowing economic growth. Therefore, the current environment remains risky for XAUUSD, and as long as the resistance levels within the downward trend channel are protected by the sellers, our target price will be limited to the lower boundary of the descending channel. What about you? Do you think gold will continue to fall?
OANDA:XAUUSDShort
by Garygoldtrader
GOLD --> Reducing "shock" makes many people bewilderedHello, dear friends, it's great to see you again to discuss gold today. Yesterday, gold just experienced a "shocking" price drop. The precious metal plummeted vertically from 3136 to 3015 USD, equivalent to more than 800 pips in just a few hours when the market announced the news. The recent continuous decline in gold is believed to be due to the release of the U.S. Nonfarm Payrolls (NFP) report. Specifically, the positive Nonfarm Payrolls (NFP) report with 228,000 jobs (forecast of 135,000) created optimism about the U.S. economy, strengthening the USD and pushing gold prices down. Escalating trade tensions due to Trump's announcement of new tariffs also made traders worry about a global economic recession, leading to panic and gold sell-offs to cover losses from other assets. From a technical perspective, the decline in gold is marked by the formation of a price channel and signs of a reversal from the EMA 34, 89. The recent bottom formation is considered a short-term correction, and the current price adjustment is expected to continue until it reaches the Fibonacci retracement level of 0.5 - 0.618. We can expect gold to continue declining after this consolidation phase. Selling is the preferred option, my friends! What about you? Do you think gold will continue to fall?
OANDA:XAUUSDShort
by FX-Toro
EURUSD: Struggling to maintain the 1.115 peak amid USD pressureHello dear friends! Recently, EURUSD has faced difficulties in maintaining the peak of 1.115. The bullish momentum of EURUSD has been hindered by the Non-Farm Payroll (NFP) report, which again shows that the strength of the U.S. economy has recovered, leading to an increase in the USD, putting significant pressure on EUR/USD. As mentioned on the 4-hour chart, although the bullish trend on the fundamental basis is still technically supported, there are signs indicating a potential peak forming at 1.115. The current support level is around 1.095. If this level is broken, EURUSD may continue to decline, potentially reaching the 1.083 mark, coinciding with the EMA test of EURUSD. If you find this information useful, please leave a like and follow Toro for the latest updates!
Short
by FX-Toro