GOLD Will Go Higher From Support! Long!
Take a look at our analysis for GOLD.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,916.729.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,961.498 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Signals
EURUSD Will Go Down From Resistance! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.050.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.045 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDJPY Will Go Lower! Sell!
Here is our detailed technical review for USDJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 148.992.
The above observations make me that the market will inevitably achieve 147.011 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.
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Why USDCAD Dropping? Technical and fundamentalsUSDCAD is currently trading around 1.44200, facing strong resistance at this level. The pair has tested this resistance multiple times and is showing signs of rejection, indicating a potential bearish reversal. If sellers gain control, we could see a downward move toward the 1.42200 target. This setup aligns with key technical patterns, suggesting that the rejection from resistance could drive further downside momentum.
From a technical perspective, the resistance level at 1.44200 has proven to be a strong barrier for buyers, leading to repeated pullbacks. If price fails to break above this zone, bearish pressure is likely to increase. A confirmed rejection with a strong bearish candlestick formation could provide further confirmation of a downtrend, making this a high-probability short setup.
Fundamentally, USDCAD’s movement is influenced by the strength of the US dollar and oil prices, as Canada’s economy is heavily linked to crude oil. Any rebound in oil prices could strengthen the Canadian dollar, adding to the bearish case for USDCAD. Additionally, market expectations regarding Federal Reserve interest rate policy and economic data releases could play a crucial role in shaping the pair’s next move.
In summary, USDCAD is facing significant resistance at 1.44200, with clear rejection signals indicating potential downside toward 1.42200. Traders should watch for further bearish confirmations while considering fundamental drivers like oil price fluctuations and central bank policies to validate the trade setup.
GOLD approaching 2,900USD, conditions for correction endOANDA:XAUUSD Spot delivery remains high after yesterday's strong increase and the current gold price is at about 2,887 USD ounce, equivalent to a decrease of 0.20% on the day, limited by the lower edge of the technical price channel and the EMA21.
Geopolitical tensions and impending tariffs have boosted gold prices. Gold prices continue to rise again, but no other price increases have been confirmed yet.
Spot gold prices rose more than 1% on Monday, recovering from a three-week low hit in last week's final trading session, as a weaker U.S. dollar and U.S. President Trump's tariff policies spurred safe-haven buying.
On Monday local time, US President Trump said at a press conference that the US would impose 25% tariffs on Canada and Mexico on March 4 and said there was no room for negotiations with these two US allies.
Additionally, the US government announced it will impose an additional 10% tariff on Chinese products exported to the US starting March 4, citing fentanyl and other issues.
Mr. Trump also said on Monday that the United States would impose "reciprocal tariffs" starting April 2 and would impose tariffs on countries that devalue their currencies as sanctions. In addition, Trump said on social networks that the United States will impose tariffs on "foreign" agricultural products from April 2.
Analysis of technical prospects for OANDA:XAUUSD
After recovering from the support area noticed by readers in the previous issue at the area of 2,850 - 2,835 USD, gold has achieved the first target level at 2,880 USD and then approached the next target level at the original price point of 2,900 USD. It is also limited by the original price point of 2,900 USD when this is also the confluence of the lower edge of the price channel and EMA21.
Once gold breaks the $2,900 level and trades above it, it will be primed to continue rising, marking the end of the downward correction with a target then $2,942 in the short term, more than the location of the all-time peak.
The relative strength index is also receiving support from the 50 level, if bullish momentum takes it back above the 60 level, this will be a positive signal for gold price upside on the technical chart.
During the day, the technical outlook for gold prices is recovery with the condition of ending the above adjustment cycle, notable positions will also be listed as follows.
Support: 2,880 – 2,868USD
Resistance: 2,900 – 2,942USD
SELL XAUUSD PRICE 2921 - 2919⚡️
↠↠ Stoploss 2925
→Take Profit 1 2913
↨
→Take Profit 2 2907
BUY XAUUSD PRICE 2858 - 2860⚡️
↠↠ Stoploss 2854
→Take Profit 1 2866
↨
→Take Profit 2 2872
EURCAD Is Bullish! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.501.
The above observations make me that the market will inevitably achieve 1.509 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.
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Gold Recovers After a Sharp Drop – What’s Next?Last week was a tough one for Gold bulls, with the price dropping sharply to a low of $2,830, breaking through multiple support levels.
However, after Friday’s close back above the $2,850 zone, the market opened on Monday with a gap. Once that gap was filled, the price rebounded, breaking back above the key $2,880–$2,890 technical zone.
Furthermore, at the time of writing, Gold is trading at $2,915, nearing the next technical resistance at $2,920.
What’s Next?
✅ Bulls currently have the upper hand, and as long as the $2,890 zone holds, new all-time highs (ATHs) could be on the horizon.
✅ I'm currently out of the market, but if the price stabilizes above $2,900, buying dips should be the preferred strategy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPNZD Maintains Bullish Momentum - Is 2.27040 the Next Target?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off the midline suggests buyers are maintaining control, supporting a potential continuation of the uptrend.
As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.
A potential upside target is 2.27040, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.
However, a decisive break below the channel’s lower boundary or the support zone would invalidate the bullish outlook and could signal a shift in market sentiment.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
Lingrid | PEPEUSDT the "Dead Cat Bounce" in the MarketsThe price perfectly fulfilled my previous idea . It reached the target. BINANCE:PEPEUSDT market initially took liquidity above the range zone before pulling back and making a lower low. The entire crypto market appears to be experiencing a "dead cat bounce." On the monthly timeframe, the price formed a significant bearish candle, indicating a potential further downward move. I think that the price will retest the middle of the range zone, as it often acts as a support or resistance level and then push lower September low. My goal is support zone around 0.00000585
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBP/CAD Analysis – Key Levels & Trade Scenarios📊 Timeframe: Weekly (1W) | Current Price: ~1.8391
📈 Bullish Context:
Resistance at 1.8391:
Price is testing a strong supply zone (dark red area).
A breakout above this level could open the door to further upside.
Support at 1.8233 & 1.7677:
1.8233: Short-term support where buyers have stepped in.
1.7677: Major support level, previously tested multiple times.
📉 Current Outlook:
Price has aggressively moved up, breaking through previous resistances.
Approaching a critical resistance area, where rejection is possible.
If a rejection occurs, a retracement toward 1.8233 or 1.7677 could be seen.
📈 Trade Setups:
🔼 Long (Breakout Play):
Entry: Above 1.8400 with confirmation.
Target 1: 1.8600
Target 2: 1.8800
Stop Loss: Below 1.8230 to avoid fakeouts.
🔻 Short (Rejection Scenario):
Entry: Bearish rejection from 1.8391 with confirmation.
Target 1: 1.8233
Target 2: 1.7677
Stop Loss: Above 1.8450.
📌 Final Thoughts:
GBP/CAD is at a critical resistance; a breakout could lead to new highs.
A rejection would confirm a pullback toward support levels.
Key macroeconomic data may impact momentum and direction.
Gold prices are no longer affected by investor reactions.Gold and silver prices posted strong gains on safe-haven demand amid escalating geopolitical tensions, with the US dollar index falling sharply as the trading week began.
Market risk appetite was heightened at the start of the week, following a tense meeting on Friday between US President Donald Trump and Ukrainian President Volodymyr Zelensky, which raised concerns about US-Ukraine relations and the prospects of a ceasefire between Ukraine and Russia.
Meanwhile, US trade tariffs on Mexico, Canada and China are set to take effect on Tuesday. Gold prices started the week on a strong note after posting its worst weekly performance in three months.
For April gold futures, the bulls still have the upper hand in the short term, but the uptrend on the daily chart has been temporarily invalidated. The next target for the bulls is to close above solid resistance at the contract high of $2,974/oz.
Meanwhile, the bears' target is to push the price below the key support at $2,800/oz. The first resistance is at $2,920/oz, followed by $2,942/oz. The first support is at the overnight low of $2,866.3/oz, followed by $2,850/oz.
GOLD suffered a fierce sell-off, the US Dollar was strongerOANDA:XAUUSD Continuing to endure a fierce sell-off fueled by market profit-taking and a stronger US dollar, the US Dollar Index rose to a 10-day high on Friday of 107.66 amid concerns about US trade policy and data that raised fears of a recession.
US President Trump confirmed 25% tariffs will be imposed on Mexican and Canadian products next week, March 4. This increases market uncertainty.
Canadian Prime Minister Trudeau said Canada does not want to get into a trade war with the United States, but if the United States imposes tariffs on Canadian goods on March 4, Canada "will immediately have an extremely strong response."
Bloomberg said currency traders bought the dollar after US President Trump confirmed he would impose 25% tariffs on Canada and Mexico next week.
On Friday, the Atlanta Federal Reserve's GDPNow model predicted that U.S. GDP growth in the first quarter of 2025 would be -1.5%, compared with a previous forecast of 2.3%. The US Dollar was boosted after the data was released due to concerns about an economic recession.
OANDA:XAUUSD fell to lows in early New York trading on Friday as Wall Street's major indexes opened weak as investors remained cautious about the potential for price pressure from President Trump's policies.
As US PCE inflation data was in line with expectations, the data suggested the Federal Reserve may be more cautious in cutting interest rates, which helped the dollar remain at a two-week high.
The US core personal consumption expenditures (PCE) price index rose 0.3% month-on-month and 2.6% year-on-year in January, in line with expectations. The overall PCE price index in the United States increased 0.3% month-on-month and 2.5% year-over-year in January, also in line with expectations.
However, “personally” believes that PCE data does not significantly change Fed price expectations, so it essentially has a small impact on gold prices.
Spot gold prices fell 2.7% in the past trading week, the largest weekly decline since November last year.
Next, the Non-Farm Payroll (NFP), (ADP) and Consumer Price Index (CPI) reports will become important market data. If inflation data rises too high, it could trigger a sharp sell-off in gold, and the opposite effect if slowing inflation data stimulates market bets on the Fed's ability to cut interest rates.
Of course, further analysis of the above data will be sent to readers in daily publications.
Economic data to watch next week
Monday: Euro Flash CPI Estimates, US ISM Manufacturing PMI
Wednesday: ADP jobs report; ISM US Services PMI
Thursday: European Central Bank Monetary Policy Decision, US Weekly Jobless Claims
Friday: US nonfarm payrolls.
Analysis of technical prospects for OANDA:XAUUSD
In addition, investors will also pay attention to the European Central Bank's (ECB) monetary policy decision, which could have an impact on gold prices next week. The ECB is expected to cut interest rates again next week, which could partially support the USD, thereby negatively impacting gold prices next week.
With its current position, gold does not have enough conditions to continue falling in price as long as gold maintains price activity above 2,835 USD and Fibonacci retracement of 0.382%, along with the Relative Strength Index above 50. On the other hand, a confirmation signal for gold price to end the downward correction cycle is price activity returning to the price channel.
However, traders also need to be careful as a new bearish cycle will open up once RSI goes below 50, the price chart is sold below 2,814 USD, so protective positions should be placed behind 2,814 USD.
In the short term, gold is still in a downward correction cycle and the notable points will be listed as follows.
As for "personally", I continue to defend the view that declines are only short-term corrections and not a sustainable trend, declines can also be considered an opportunity to buy.
Support: 2,835 – 2,814USD
Resistance: 2,868 – 2,900USD
SELL XAUUSD PRICE 2896 - 2894⚡️
↠↠ Stoploss 2900
→Take Profit 1 2888
↨
→Take Profit 2 2882
BUY XAUUSD PRICE 2819 - 2821⚡️
↠↠ Stoploss 2815
→Take Profit 1 2827
↨
→Take Profit 2 2833
GBP/JPY Analysis – Key Levels & Trade Scenarios📊 Timeframe: Weekly (1W) | Current Price: ~189.90
📉 Bearish Context:
Resistance at 192.04:
Strong supply zone (red rectangle) where price previously reversed.
Aligned with moving averages (likely 50 & 100 periods), acting as dynamic resistance.
Support at 184.63:
Marked in blue as a significant demand zone.
Historical reaction area, where buyers may step in again.
📉 Current Outlook:
Price rejected 192.04, forming a bearish structure.
Price currently consolidating below resistance, indicating weakness.
If selling pressure continues, a move toward 184.63 is likely.
📈 Trade Setups:
🔻 Short (Bearish Bias):
Entry: Below 189.50 with a bearish confirmation.
Target 1: 186.00
Target 2: 184.63
Stop Loss: Above 192.00 to avoid fakeouts.
🔼 Long (Reversal Play):
Entry: Strong bullish reaction from 184.63.
Target: Retest of 192.04, with SL below 184.00.
📌 Final Thoughts:
The bearish trend remains dominant unless 192.04 is broken.
A clean break below 189.50 strengthens the bearish outlook.
Macro factors and volatility could influence upcoming price action.
EURUSD Approaching Key Resistance – Will Sellers Step In?OANDA:EURUSD is approaching a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a supply zone, where sellers have stepped in, leading to notable price reversals. The current price action suggests a potential bearish reaction if the resistance holds.
If sellers maintain control, we could see a decline toward the 1.03940 level, which represents a logical target based on the current market structure. Confirmation signals—such as a bearish engulfing candle, rejection wick, or increased selling volume—would strengthen the bearish outlook.
However, if the price breaks above this resistance zone and sustains momentum, the bearish outlook may be invalidated, signaling a potential shift in favor of buyers.
Monitoring how price reacts to this zone is crucial for identifying entry opportunities. As always, applying proper risk management is essential given the potential for volatility.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
GBPUSD Approaching Major Resistance — Potential Sell SetupOANDA:GBPUSD is approaching a significant resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling interest and historical price reactions, increasing the likelihood of a bearish move if sellers regain control.
The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 1.25770—a logical target based on previous price behavior and market structure.
However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EURAUD – Bullish Continuation Toward 1.68270OANDA:EURAUD is currently trading within an ascending channel, maintaining a strong bullish structure. The price has broken above a key resistance zone and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward 1.68270, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have! 🚀📈
GBPAUD - Bullish Continuation Toward 2.04040OANDA:GBPAUD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.
With momentum favoring the upside, the next logical target is 2.04040, aligning with the upper boundary of the ascending channel. As long as the price remains above the support level, the bullish bias stays intact.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
EUR-AUD Bullish Breakout! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 1.6777
And the breakout is confirmed
So we will be expecting a
Further bullish move up
Buy!
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