Gold prices are said to be negative in the short termWorld gold prices recovered slightly amid a decline in the US dollar. At 9:45 a.m. on March 3, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 107.130 points (down 0.4%).
Gold prices will continue to decrease. “There is no reason to think that this profit-taking correction will not last for a while longer. But we need to remember that so far gold has only fallen less than 4% from its peak, after rising 12% this year.”
The fundamentals that drove gold demand over the past two years remain intact, so any possible decline to as low as $2,600 an ounce would be short-lived.”
In addition to strong demand from central banks, I also expect capital flows into gold ETFs to increase as interest rates fall, making gold more attractive to investors.
“However, this factor may be somewhat affected by speculators reducing their net buying positions in the gold futures market. Currently, the net buying position remains very high as concerns about lingering tariffs from the administration of US President Donald Trump cause investors to seek safe haven assets such as gold."
Signals
Gold📌 **Sell:**
✔ In short-term timeframes (M1, M5, M15), both MACD and Stochastic indicate overbought conditions and a potential downward correction.
✔ The M30 timeframe is still in an uptrend, but a pullback to the downside is possible.
🎯 **Conclusion:**
Success rate for selling: ✅ **70%** (more reliable than buying in the short term).
📌 **Strategy:** Short-term selling with a tight stop-loss and a corrective target towards lower support levels.
📌 **Buy:**
✔ In H1 and H4 timeframes, signs of a trend reversal are emerging, but MACD has not yet given a solid confirmation.
✔ If MACD turns bullish on H1 and Stochastic exits oversold territory, buying will be a safer option.
🎯 **Conclusion:**
Success rate for buying: ✅ **55%** (higher risk, requiring more confirmation).
📌 **Strategy:** Wait for MACD confirmation on H1, then enter a buy position upon resistance breakout.
🚀 **Final Recommendation:**
🔹 Enter short-term sell positions in lower timeframes with a tight stop-loss and proper risk management.
🔹 Wait for a confirmed buy signal on H1 and H4, as MACD has not yet turned fully bullish.
🚀 **Short-term selling (scalping) is more probable**, but additional confirmation is needed for a buy position.
### **Suggested Targets Based on Timeframes & MACD + Stochastic Analysis**
🔴 📉 **Sell Targets:**
Considering overbought conditions in lower timeframes and a potential downward correction, the best sell targets based on different timeframes are:
✅ 📌 **First Target:** 2850 (Short-term support in M5 & M15)
✅ 📌 **Second Target:** 2842 (Key support in M30)
✅ 📌 **Third Target:** 2830 - 2825 (Strong support in H1, aligning with the moving average)
🛑 **Stop Loss for Sell Positions:**
🔹 **2862** (Breakout of the current resistance in M15 & M30)
🔹 **2868** (If the price reaches this level, the trend may reverse)
---
🟢 📈 **Buy Targets:**
A **full confirmation from MACD in H1 and H4** is required for a buy setup. However, if the price rebounds from the **2830 support zone**, the following targets are expected:
✅ 📌 **First Target:** 2865 (Initial resistance in H1)
✅ 📌 **Second Target:** 2880 - 2890 (Strong resistance zone in H4)
✅ 📌 **Third Target:** 2915 (Long-term target if resistance levels are broken)
🛑 **Stop Loss for Buy Positions:**
🔹 **2825** (If this level is broken, the downtrend is likely to continue)
🚀 **Suggested Strategy:**
📌 **Short-term sell (scalping) from 2857**, targeting **2850 and 2842**, with a **stop loss at 2862**.
📌 **Buy if confirmed at 2830 - 2825**, targeting **2865 and 2880**, with a **stop loss at 2825**.
🔍 **Important:** Before entering positions, confirm with **trading volume and candlestick patterns in higher timeframes**. 🚀
EURUSD: The downtrend remains intact!Dear traders!
Currently, EURUSD is pausing its three-day losing streak, trading around 1.0417 during the Asian session on Monday. The pair's recovery is driven by a weaker US dollar, following the release of the January Personal Consumption Expenditures (PCE) inflation data on Friday, which aligned with forecasts and eased concerns over an unexpected inflation spike in the US.
However, the upside remains challenging, as the downtrend channel is still intact, and there are no significant reversal signals from the EMA 34 and 89. If the resistance levels within the channel hold firmly under bearish pressure, the downward trajectory is expected to persist, potentially pushing EURUSD towards 1.0363 (gap-filling level) and even lower, towards the lower boundary of the trend channel, as indicated on the chart.
Gold price today: The decline continues!Dear traders! What do you think about OANDA:XAUUSD – Buy or Sell?
Yesterday, gold continued its downward trend, dropping $27 from its highest point in the previous session at $2,885 per ounce. On March 1, gold closed the week negatively at $2,858 per ounce.
The main reason for this sharp decline in gold prices was the strengthening US dollar. The USD Index surged to 107.66, its highest level in the past 10 days, as financial markets grew concerned over the US administration's aggressive trade policies.
Specifically, former President Donald Trump confirmed a 25% tariff on imports from Mexico and Canada, effective March 4. Additionally, he announced an extra 10% tariff on Chinese goods. This policy has fueled uncertainty in the market, pushing investors toward the USD as a safe-haven asset, which has negatively impacted gold.
ETHEREUM Growth Ahead! Buy!
Hello,Traders!
ETHEREUM is trading in an
Uptrend and we are seeing
The coin make a strong rebound
From the horizontal support
Line of 2070$ so we are
Bullish biased and we
Will be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
DXY Will Grow! Buy!
Hello,Traders!
DXY is trading in an uptrend
And the index is already making
A bullish rebound from the
Rising support line so we are
Bullish biased and we will be
Expecting a further bullish
Reaction and move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
NATGAS POTENTIAL LONG|
✅NATGAS is about to retest a key structure level of 3.70$
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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ETHUSD WEEKLY CHARTS (ETHUSD)Alternative (Bullish) Analysis
1. Potential Breakout Above 2835 Resistance
The current analysis assumes Ethereum will reject from the 2835 resistance and drop back to 2146.
However, given the strong upward momentum (+13.46%), ETH could break above 2835 instead of reversing.
A daily close above 2835 could trigger a rally toward 3000+.
2. Support Holding at Higher Levels
Instead of expecting a drop to 2146, ETH may form a higher low around 2400 – 2500, which would confirm bullish continuation.
If it retests 2500 and holds, it could bounce back up toward the resistance and push higher.
3. Volume & Momentum Confirmation
The sharp breakout suggests strong buying pressure.
If volume remains high, ETH could invalidate the resistance level and start a new uptrend.
4. Market Sentiment & Macro Factors
If Bitcoin remains bullish, Ethereum will likely follow suit, pushing above resistance levels.
The broader crypto market’s strength could support a continuation rather than a rejection.
Conclusion
Instead of expecting a double-top rejection at 2835, traders should watch for a potential breakout. If ETH stabilizes above 2500, it could lead to a move toward 3000, rather than a drop to 2146
Btcusd weekly chart (btcusd)Alternative (Bullish) Analysis
1. Potential Continuation Above Resistance (95,300)
The current analysis assumes rejection at 95,300 and a drop toward 78,118. However, a strong breakout above 95,300 could trigger a rally toward 100,000 or higher.
If Bitcoin consolidates above 95,300, it may act as a new support, rather than a rejection zone.
2. Volume Confirmation on the Breakout
The price surged significantly (+9.09%), suggesting strong bullish momentum.
Instead of expecting an immediate rejection, watch for high volume confirming a potential continuation upward.
3. Higher Low Formation Instead of a Drop
The chart expects a fall back to 78,118, but the price may form a higher low around 85,000 – 88,000 before resuming the uptrend.
A retracement to this range (not all the way down to 78,118) would still be healthy in a bull market.
4. Market Sentiment Shift
The sharp upward movement suggests buying pressure rather than an exhaustion move.
If 95,300 is tested again and breaks, it could lead to a parabolic move instead of a reversal
GBPJPY weekly analysis (Gbpjpy)Alternative (Bullish) Analysis
1. Breakout Above Resistance at 190.070
The chart suggests rejection from 190.070, but if price breaks and holds above this level, it could signal further upside momentum.
Instead of a bearish move, price could consolidate above 190.165 and push toward 191.003 or higher.
2. Strong Accumulation in the Support Zone (187.800)
The support area at 187.800 has already been tested multiple times, and each time, price has rebounded.
This could indicate a strong demand zone, meaning buyers are stepping in aggressively.
If buyers push price back to resistance and break through, a new bullish trend may emerge.
3. Liquidity Grab Below 188.000
The previous dip below 188.000 may have been a liquidity grab to stop out weak hands before a bullish reversal.
If this assumption holds, price may now aim for higher highs rather than another rejection from resistance.
4. Market Structure Shift
Instead of forming a lower high at resistance, a higher low formation could suggest an uptrend.
If price finds support around 189.000 instead of dropping to 187.800, a bullish continuation pattern would be confirmed
Xauusd weekly charts gold big fall soon opportunity (XAUUSD) Alternative (Bullish) Analysis
1. Support Strength at 2820
The chart suggests that price may drop to 2820, but this area has shown strong support historically
Instead of further breakdown, a strong bounce from this level could lead to a bullish reversal.
2. Potential False Breakdown
The resistance at 2864 is marked as a selling zone, but if price breaks above it, it could trigger stop-losses for short positions, fueling a rally.
If price consolidates above 2864, it could invalidate the bearish projection.
3. Trend Line Reversal
The chart shows a downtrend, but if price breaks above the descending trend line, it would signal a trend reversal rather than continuation.
A bullish breakout above 2864 could target 2900+ levels.
4. Economic Events Impact
The economic events marked (likely U.S. data releases) could trigger volatility.
If these reports are weaker than expected, gold could rally as investors seek safe-haven assets.
Conclusion
While the original chart suggests a bearish move, there's a strong case for a bullish reversal if the support at 2820 holds and price breaches the 2864 resistance. Instead of shorting aggressively, traders should watch for confirmation signals before committing to a bearish or bullish bias
GOLD MARKET ANALYSIS AND COMMENTARY - [March 03 - March 07]OANDA:XAUUSD this week were under pressure to take profits. After opening this week at 2,934 USD/oz, gold prices rose to 2,956 USD/oz, but then continuously dropped to 2,832 USD/oz and closed the week at 2,858 USD/oz. Thus, gold prices this week dropped sharply after 8 consecutive weeks of increases.
The reason why gold prices dropped sharply this week is because the USD continued to increase strongly compared to many other major currencies. Market sentiment changed slightly after the US announced the Personal Consumption Expenditure Index (PCE) for January 2025. Accordingly, PCE increased by 2.5% over the same period last year, thus down from 2.6% in December 2024 and in line with market expectations. Meanwhile, core PCE, excluding fluctuating food and energy prices, also increased 2.6% year-on-year, but down from 2.9% in December 2024 and in line with forecasts.
Notably, in the recent meeting, US President Donald Trump and Ukrainian President Volodymyr Zelensky had many disagreements and could not reach any agreement to contribute to an early end to the war between Russia and Ukraine. This is a factor that may increase gold's role as a haven, but it is unlikely to push gold prices up sharply next week, perhaps just a slight recovery before adjusting again.
There will be a lot of data released next week, but the US February non-farm payrolls (NFP) report will be of particular interest to investors. According to forecasts, NFP is expected to reach 156,000 jobs, compared to 143,000 jobs in January. If NFP reaches the forecast level, it will not affect the Fed's interest rate policy direction, unless NFP increases far beyond the threshold of 200,000 jobs. Therefore, NFP news is likely to have little impact on gold prices next week.
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.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Next week, the market will focus on jobs data, with the US February non-farm payrolls report released on Friday morning.
Other key economic events include the Eurozone FMCG and US ISM manufacturing PMI on Monday, the ADP jobs report and US ISM services PMI on Wednesday, and weekly unemployment data on Thursday.
The other big event of the week is the European Central Bank's (ECB) monetary policy decision on Thursday, with many experts expecting the ECB to make another interest rate cut.
📌Technically, gold prices next week may continue to adjust, with the level of 2,790 USD/oz being an important support level. If next week's gold price stays above this level, it will increase slightly to 2,900 USD/oz. On the contrary, if gold prices fall below 2,790 USD/oz next week, there is a risk of a deeper correction.
Notable technical levels are listed below.
Support: 2,814 – 2,835USD
Resistance: 2,900 – 2,868USD
SELL XAUUSD PRICE 2951 - 2949⚡️
↠↠ Stoploss 2955
BUY XAUUSD PRICE 2739 - 2741⚡️
↠↠ Stoploss 2735
DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 107.566.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 108.420 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USDCAD Will Fall! Sell!
Here is our detailed technical review for USDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.445.
The above observations make me that the market will inevitably achieve 1.435 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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EURUSD Potential Short Setup - 1HR Swing TradeThis trading idea proposes a short position in EURUSD on the 1-hour timeframe, based on the expectation of a continued downward move. The entry point is strategically located at a resistance level, with a stop-loss order to manage risk and a take-profit target set at a potential support zone.
Disclaimer :
This analysis is based on the provided image and should not be considered financial advice. Trading involves risks, and it is essential to conduct your own research and consult with a financial advisor before making any trading decisions.