GOLD Daily, H4, H1 Forecasts, Technical Analysis & Trading IdeasDaily Timeframe:
TVC:GOLD has been rising rapidly recently but has almost stopped since February 11, when it hit its uptrend channel line.
With the RSI hitting resistance at 77 and showing signs of falling, there is a high probability that a corrective wave is about to begin.
Four-hour Timeframe:
A rising wedge pattern has formed in the price.
As long as the price does not break the resistance at 2955 and the red line of the rising wedge continues upwards, a downward wave is expected to begin.
A strong bearish divergence has also formed in the RSI.
One-hour Timeframe:
A head and shoulders pattern is forming.
If the price can break the neckline downward and the blue trend line of the rising wedge is also broken, the probability of a downward wave will be very high.
Shortterm
BTC - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stagnant for a while, trading within a short-term bearish range!
But the wait is almost over, as BTC is now approaching the $100,000 mark, which represents the upper boundary of the bearish zone.
📈 Short-Term Bullish:
If BTC breaks above the $100,000 level, it is expected to enter a short-term bullish phase, potentially retesting its previous all-time high of $109,000.
However, as long as BTC remains below $100,000, the overall bias will stay bearish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD/CAD Trend During US Trading SessionUSD/CAD news:
🔆The USD/CAD pair rose to 1.4200 during the European session on Friday, after hitting a three-day low of 1.4166. The pair gained momentum as the US dollar recovered, with the US Dollar Index bouncing back near 106.65 after hitting a yearly low of 106.30 the previous day.
🔆However, the greenback's recovery appears to be temporary, as its risk premium eases while investors assess US President Donald Trump's tariff policies
🔆On monetary policy, Federal Reserve officials kept interest rates at current levels, citing uncertainty over Trump's trade and tax plans.
🔆Investors are now awaiting Canada's December Retail Sales data and a speech by BoC Governor Tiff Macklem at an event in Mississauga, Ontario.
Personal opinion:
🔆The dollar continues to decline, mainly due to President Trump's unclear tariff policies. Although traders still believe that the Bank of Canada (BoC) will further loosen monetary policy.
Technical analysis:
🔆Based on important support - resistance and Fibonacci levels combined with SMA indicator
Plan:
🔆 Price Zone Setup:
👉Sell USD/CAD 1.4198 – 1.4215
❌SL: 1.4255 | ✅TP: 1.4160 – 1.4120 – 1.4080
FM wishes you a successful trading day 💰💰💰
NZD/USD Trend for Upcoming US FOMC MeetingNZD/USD news:
🔆The Reserve Bank of New Zealand (RBNZ) delivered a widely expected 50 basis point rate cut, reducing the Official Cash Rate (OCR) to 3.75%, in line with both previous expectations and the central bank’s previous guidance. However, the most notable dovish change came from the updated OCR guidance, which indicates a faster approach to the median 3% by year-end, now projected at 3.1% rather than the previous forecast of 3.6% in November. The revised trajectory suggests a further 50 basis point cut in the second quarter, likely split into two 25 basis point cuts in April and May, followed by a 25 basis point cut in the third quarter and a potenti
🔆Inflation forecasts point to a divergence between tradable and non-tradable goods. The RBNZ has revised its tradable goods inflation forecast upward, citing the depreciation of the NZD, rising oil prices and trade uncertainty. Meanwhile, non-tradable inflation is expected to continue to decline due to weak domestic demand and a cooling labour market. Growth forecasts remain subdued, with the output gap widening further into negative territory. The RBNZ believes the market reaction has been measured, as early easing has been priced in.
🔆While maintaining their final rate forecast at 3% for the end of the year, they revised their forecast to account for a further 25 basis point cut in Q2, bringing their Q2 end forecast to 3.25%, down from their previous estimate of 3.50%. Their Q3 forecast remains unchanged at a 25 basis point cut, taking the OCR to 3.00%, down from their previous forecast of 3.25%, with a possible pause until the end of the year. The risk remains that the RBNZ could accelerate the pace of easing if growth weakens further or slow the trajectory if inflation becomes more persistent.
Personal opinion:
🔆The USD is expected to strengthen after the FOMC meeting tonight, the NZD is currently being sold off after the Official Cash Rate announcement and is expected to continue to decline in the short term.
Technical analysis:
🔆Based on important resistance - support zones and trend lines combined with published basic economic information
Plan:
🔆 Price Zone Setup:
👉Sell NZD/USD 0.5700 – 0.5720
❌SL: 0.5760 | ✅TP: 0.5660 – 0.5610 – 0.5570
FM wishes you a successful trading day 💰💰💰
XAUUSD Trend in US Trading SessionGold News:
🔆US President Donald Trump has signed an order imposing reciprocal tariffs, saying: "Whatever tariffs they charge, we will charge." He added that there would be no tariffs if the product was made or manufactured in the United States and that tariffs on cars would soon follow in addition to steel and aluminum. This sent gold prices higher in Asian and European trading.
🔆The DXY index has fallen to its lowest level since January 27 and is showing signs of recovery.
🔆The World Gold Council (WGC) revealed that, following Trump's election victory, central bank gold purchases increased by more than 54% year-on-year to 333 tonnes, according to WGC data. Increased demand from central banks could put upward pressure on bullion prices.
Personal opinion:
🔆US 10-year Treasury yield maintains intraday gain (0.44%)
🔆Expectations that the US Federal Reserve (Fed) will maintain a dovish stance and keep interest rates high for longer could drag the non-yielding yellow metal lower.
🔆RSI shows DXY is entering oversold territory, which could lead to a short-term decline in gold prices
🔆Recent economic data has been positive for the US economy, so traders will be watching the release of US Retail Sales for January today to decide on the appropriate strategy
Plan:
🔆 Price Zone Setup:
👉Sell Gold 2968 -2970
❌SL: 2975 | ✅TP: 2963 - 2958 – 2950
👉Sell Gold 2943 -2945 (Scalping)
❌SL: 2950 | ✅TP: 2938 - 2932 – 2925
👉Buy Gold 2905 -2907
❌SL: 2899 | ✅TP: 2912 - 2918 – 2928
What is the trend of GBPUSD pair?GBP/USD News:
🔆The British pound (GBP) strengthened for the fifth consecutive day in early Asian trading, climbing back above the 1.2600 mark following a weak US retail sales report that indicated American consumers were cutting back on spending. The GBP/USD pair reached 1.2626, gaining over 0.50%.
🔆Market sentiment was heavily influenced by US President Donald Trump's tariff policies, with the US dollar remaining stable. US retail sales declined by more than -0.9% month-on-month in January, falling short of expectations of -0.1%, although December's numbers were revised up by 0.7%.
🔆In contrast, industrial production in the US rose by over 0.5% month-on-month in January, a slowdown from December's 1% increase but still above analysts' predictions of 0.3%.
🔆Meanwhile, stronger-than-anticipated UK GDP data contributed to the upward momentum of the GBP/USD pair.
Personal opinion:
🔆GBP will continue to rise in the short term and will wait for the speech of BOE Governor Bailey and the upcoming FOMC meeting minutes for investors to orient their upcoming strategies
Analysis:
🔆Based on economic information and tariff policies of the United States and related countries
Technical based on Resistance - Support Zones and important Fibonacci levels.
Plan:
🔆 Price Zone Setup:
👉Buy Gold 1.2330 – 1.2350
❌SL: 1.2280 | ✅TP: 1.2400- 1.2450 – 1.2500
👉Sell GBPUSD 1.2700 – 1.2715
❌SL: 1.2760 | ✅TP: 1.2650 – 1.2600– 1.2550
Still long $NVDAThe NASDAQ:NVDA Blackwell architecture is a game-changer, powering next-gen AI chips that giants like NASDAQ:MSFT and NASDAQ:META are scrambling to acquire. The upcoming RTX 50 series (including the RTX 5090) will bring AI-powered capabilities to gamers and creators in 2025. While some analysts project an average price target of 17.86, we're taking more cautious short-term view with a 140 target, following the stock's recent 12% dip.
Personal opinion on EURUSD pair🔆 Key factors affecting EUR/USD include:
👉Yesterday's CPI (inflation) index, which will strongly affect the USD.
👉If inflation is higher than expected: The Federal Reserve (Fed) may maintain high interest rates for a longer period of time, causing the USD to strengthen and EUR/USD may fall.
👉On the contrary, if CPI is lower than expected: The Fed may ease policy, pushing the USD down and helping EUR/USD rise.
🔆Geopolitical situation:
👉Trade tensions and conflicts in Europe may affect the strength of the Euro.
👉If instability increases, money flows may shift to the USD, putting downward pressure on EUR/USD.
🔆In short:
👉EUR/USD is in the accumulation phase, signaling strong volatility ahead. Traders should be cautious and wait for a breakout signal to determine a clear trend. Follow PPI news from the US today to predict the next movement more accurately.
🔆 Plan:
Price Zone Setup:
👉Buy EUR/USD 1.0345 – 1.0360
❌SL: 1.0300 | ✅TP: 1.0400 – 1.0440
Gold Trends After Powell's Congressional TestimonyGold Market Update:
🔆On Tuesday, the key market event was Federal Reserve Chair Jerome Powell's testimony to Congress, which was less hawkish than expected and could weaken the U.S. dollar.
🔆Powell reaffirmed that no immediate policy changes are planned, maintaining the Fed’s 2% core inflation target. While he acknowledged that inflation remains elevated, he emphasized a patient approach to monetary adjustments.
🔆With Powell taking a neutral stance on interest rates and trade policy, the Fed is expected to keep rates steady at 4.25%-4.50% in March.
🔆Meanwhile, the U.S. 10-year Treasury yield remained firm at 4.55%, continuing its rebound from last week’s yearly low of 4.40%. Additionally, the Fed's sentiment indicator on the daily chart suggests a slight softening in the central bank’s previously hawkish stance.
Technical Analysis:
🔆Using the RSI (1H) indicator in combination with trend lines and key resistance-support levels.
Personal Outlook:
🔆The DXY index and U.S. 10-year bond yield are seeing slight gains, which could put downward pressure on gold prices. With Powell’s neutral stance, gold may experience a short-term decline after recently hitting all-time highs. Investors are also monitoring potential developments in Trump’s tariff policies and the ongoing Gaza conflict to adjust their strategies accordingly.
Plan:
🔆 Price Zone Setup:
👉Sell Gold 2905 -2907
❌SL: 2912 | ✅TP: 2900 - 2995 – 2987
👉Buy Gold 2869 -2871 ( Asian session)
❌SL: 2864 | ✅TP: 2875 - 2880 – 2890
👉Buy Gold 2833 -2835
❌SL: 2827 | ✅TP: 2840 - 2850 – 2860
XAUUSD pair trend after US CPI newsGold News:
🔆Surge in US inflation dampens chances of Fed rate cut
🔆Solid US CPI could support dollar, ease tensions from Washington
🔆Federal Reserve Chairman Jerome Powell says policy needs to remain accommodative amid rising inflationary pressures and US President Donald Trump's tariff threats, signaling a more dovish Fed in the future
Analysis:
🔆Based on rising trend lines combined with support-resistance zones and Fibonacci
Plan:
🔆Price Zone Setup:
👉Buy Gold 2905 -2907 (European session)
❌SL: 2900 | ✅TP: 2912 - 2918 – 2925
👉Sell Gold 2943 -2945
❌SL: 2950 | ✅TP: 2938 - 2932 – 2925
👉Buy Gold 2883 -2885
❌SL: 2877 | ✅TP: 2890 - 2895 – 2900
Thank you for reading FM news.
GBPUSD pair trend up or down nextGBPUSD Comments:
🔆GBP/USD edged higher toward 1.250, gaining 0.31%, as the US dollar faced selling pressure during the Asian session. Market sentiment improved due to the absence of new developments regarding former US President Donald Trump’s trade policies and Federal Reserve Chairman Jerome Powell’s cautious stance on the policy outlook.
🔆Traders are now focused on the UK’s preliminary GDP data set to be released today. Given the recent weak economic indicators from the UK, expectations for the GDP report remain negative for the British pound. Meanwhile, the US economy continues to show resilience with strong data.
🔆The 1.250 level acts as a key psychological resistance, making a short-term pullback in GBP/USD likely.
Plan:
🔆Price Zone Setup:
👉Sell GBPUSD 1.2495 - 1.2510
❌SL: 1.2550 | ✅TP: 1.2455 - 1.2400 – 1.2350
EURUSD - H4, H1 forecasts, Technical Analysis & Trading IdeasIntraday forecast
The downtrend is broken, and the price is in an impulse wave.
Forecast:
1- Correction wave toward the Buy Zone
2- Another Upward Impulse wave toward Higher TPs
SL: Below 1.0331
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The Next Trend of XauusdGold Trend Update:
🔆Gold has now dropped to 2882 and is recovering to 2895.
🔆RSI (1H) remains in strong sell zone
Personal opinion:
🔆Markets are awaiting Fed Chairman Powell’s testimony in the next hour and the Fed is expected to take a hawkish stance. This signals increased dollar strength, so gold is likely to fall in the short term
🔆Note: Prioritize assessing the potential risks of tariffs on inflation and then monetary policy.
Plan:
🔆Price Zone Setup:
👉Sell Gold 2899 -2901
❌SL: 2908 | ✅TP: 2892 - 2886 – 29880
👉Buy Gold 2858 -2860
❌SL: 2852 | ✅TP: 2865 - 2870 – 2875
GBP/USD pair, signaling a downtrend ?GBP/USD News:
🔆GBP/USD broke a three-day winning streak, trading around 1.2490 in Asian trade on Thursday
🔆More upbeat UK inflation data was overshadowed by concerns about slowing growth. The pound could face downside pressure amid expectations that the Bank of England will resume its policy easing cycle, expected to cut interest rates by 25 basis points to 4.5% later in the day.
🔆GBP/USD could resume its downtrend if policymakers signal dovishness. The more dovish the forecast, the more likely GBP will fall as low interest rates will be less attractive.
🔆The trade war launched by President Trump remains a major factor today. The UK is not among Trump’s top opponents but is still in his crosshairs.
🔆On the other hand, if policymakers prove tough, GBP/USD is likely to gain further upside traction.”
Personal opinion:
🔆There are many negative forecasts for GBP
🔆The RSI (1H) indicator is entering the oversold zone and shows no signs of reversal, the next support level is 1.240. If it continues to fall, it may return to the trend line to communicate with the next support line
Thank you for reading my comment: "FM"
Which way will the Eur/USD pair go?EUR/USD Market Update:
🔆The US dollar continued to strengthen amid ongoing developments in President Trump’s tariff policies. While the widely debated 25% tariffs on Canadian and Mexican imports have been postponed, the 10% tariffs on Chinese goods remain unchanged. The lack of clarity and uncertainty from the White House initially led investors to unwind their long positions in the dollar early last week.
🔆However, the greenback regained momentum over the weekend after President Trump announced plans to introduce a new 25% tariff on all steel and aluminum imports into the US, in addition to the current tariffs on these metals.
🔆Investors are now closely watching Fed Chair Powell’s speech today. In the past, the Fed has maintained a hawkish stance amid concerns over Trump’s trade and fiscal policies. Meanwhile, the ECB recently cut interest rates by 25 basis points in an effort to address slowing economic growth and persistent inflation above its 2% target.
Personal Insight:
🔆The euro faces significant headwinds. A robust US dollar, diverging monetary policies between the Fed and the ECB, and internal challenges within the eurozone—such as Germany’s economic slowdown—could all put downward pressure on the single currency. While short-term rebounds are possible, the euro’s long-term trajectory remains uncertain, especially as global trade tensions, including those involving the EU, continue to unfold.
Technical Outlook:
🔆Analysis based on the RSI (4H) indicator, Fibonacci confluence trendlines, and key resistance-support levels.
Plan:
🔆 Price Zone Setup:
👉Buy EUR/USD 1.0330 -1.0345
❌SL: 1.0400 | ✅TP: 1.0300 – 1.026 – 1.021
NZDCHF - Trend-Following TA signals short!NZDCHF overall bearish, looking for trend-following shorts on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SOLUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
155.100 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A peak is formed in daily chart at 295.850 on 01/19/2025, so more losses to support(s) 186.409, 175.250 and minimum to Major Support (155.100) is expected.
Take Profits:
218.928
243.197
264.400
294.450
350.000
__________________________________________
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Will the GBPUSD pair continue its bullish recovery?News:
🔆GBP/USD rose 0.6% on Tuesday as tariff concerns eased.
🔆President Trump’s trade war rhetoric is easing.
🔆The tariffs, which were originally set to take effect on Tuesday, have been postponed for another 30 days. This is the third time in a row that President Trump has backed off his threat, after securing significant concessions from other countries
Personal view:
🔆GBP/USD has recovered to the 1.248 – 1.250 resistance zone and is expected to trade in this range as it awaits further direction from the US ADP Non-Farm Payrolls data and the Bank of England’s interest rate decision.
🔆The Bank of England (BoE) is widely expected to announce a 0.25% interest rate cut on Thursday. The move could weaken the Pound against the US Dollar, which remains on a strong trend against other currencies.
Plan:
SELL GBPUSD zone: 1.2480 – 1.2500 ❌SL 1.2550
✅TP: 1.2420 – 1.2380 – 1.2300
What will be the next trend of EUR/USD ?🔆The EUR/USD pair is being influenced by a number of economic and political factors, leading to significant volatility in recent times.
🔆 Technical Analysis:
The EUR/USD pair is currently in an uptrend, with the price trading above both the 34 EMA and the 89 EMA, suggesting a bullish bias in the short term. The next resistance level is identified at 1.0530 as the 1.618 Fibonacci line intersects the resistance zone; if the price reaches this level, a corrective rally is expected.
🔆 Fundamental Analysis:
A trade war between the US and Europe could push the euro to parity with the US dollar. New tariffs from the US could further weaken the eurozone economy, putting downward pressure on the euro.
The US dollar is expected to maintain its strength against the euro as the US Federal Reserve (Fed) may cut interest rates more gradually than expected as President Trump's policies may increase inflation.
🔆 Conclusion:
The trend of the EUR/USD pair in the coming period will depend on the developments of the above economic and political factors. Forecast Traders should closely monitor key support and resistance levels, along with macroeconomic information and monetary policies from both sides to make appropriate trading decisions.
Thank you for reading my comment: "FM"
USDCHF - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
0.89147 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.89147 is broken.
Technical analysis:
A trough is formed in daily chart at 0.89645 on 01/27/2025, so more gains to resistance(s) 0.91497, 0.92218, 0.94400 and more heights is expected.
Take Profits:
0.85510
0.86286
0.87474
0.88195
0.89147
0.90367
0.91497
0.92218
0.94400
0.96000
0.99200
1.01453
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GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is below the resistance 199.790, resumption of downtrend is expected.
We make sure when the support at 182.782 breaks.
If the resistance at 199.790 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:
The descending flag taking shape suggests we will soon see another leg lower.
A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected.
Take Profits:
196.006
193.510
191.884
189.477
186.231
182.782
178.409
Total Profit: 3204 pip
Closed trade(s): 1584 pip Profit
Open trade(s): 1620 pip Profit
Trade Setup:
We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO.
Closed Profit:
TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit.
TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit.
TP3 @ 191.884 touched at 2025-01-13 with 480 pip Profit.
TP4 @ 189.477 touched at 2025-01-17 with 720 pip Profit.
67 + 317 + 480 + 720 = 1584 pip
Open Profit:
Profit for one SELL trade is 196.68(open price) - 192.632(current price) = 405 pip
4 trade(s) still open, therefore total profit for open trade(s) is 405 x 4 = 1620 pip
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GOLD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast:
While the price is below the resistance 2789.95, beginning of downtrend is expected.
We make sure when the support at 2475.27 breaks.
If the resistance at 2789.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 2582.95 on 12/19/2024, so more gains to resistance(s) 2726.10 and maximum to Major Resistance (2789.95) is expected.
Take Profits:
2657.88
2601.87
2532.10
2475.27
2380.00
2279.87
2219.63
2145.04
2087.89
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Will the GBP/USD downtrend continue ?UK economic news:
• UK interest rates expected to fall more than expected
• The BoE's decision to pause and possibly end its tightening policy suggests interest rates are no longer supported.
• Weaker inflation, higher unemployment and gloom from policymakers
• Some news shows UK economy slowing, gloomy forecast points to continued pressure on sterling
• The UK economic outlook is not expected to be favourable for the Pound.
• Prolonged recession, BoE cuts interest rates much sooner than financial markets price
• BoE's less aggressive approach to weakening sterling
Personal opinion:
GBP/USD is struggling to capitalize on its modest recovery from the 1.2100 level reached earlier this week, but the backdrop of poor UK economic data is holding the pair back. Meanwhile, the Dollar Index remains on the rise, with US Treasury yields providing the main driver, helping to limit the USD’s losses.