Targeting a new era peak, risks blanket the marketOANDA:XAUUSD hit another all-time high as U.S. President Donald Trump's threat of tariffs increased market fears of a global trade war, boosting safe-haven demand.
Trump's tariff policy and global market reaction
Trump said on Wednesday that he would announce new tariffs on lumber, autos, semiconductors and pharmaceuticals "next month or sooner."
Since taking office on January 20, Trump has imposed a 10% tariff on imports from China and a 25% tariff on steel and aluminum.
As trade risks increase, global central banks are likely to continue buying gold, which is one of the key supporting factors for gold prices.
Ukraine situation and the possibility of gold correction in the short term
Trump also criticized Ukrainian President Volodymyr Zelenskiy as a "dictator" on Wednesday and warned that Ukraine must quickly reach a peace deal with Russia or lose the country.
If a peace agreement between Russia and Ukraine is reached, geopolitical tensions could temporarily ease in the short term, which could put pressure on gold prices. However, gold still has enough fundamental support and the long-term uptrend could continue.
Fed policy and Swiss gold exports soar
Minutes of the Federal Reserve's latest monetary policy meeting released Wednesday showed that Trump's early economic policies have raised concerns about rising inflation. This reinforces the Fed's stance on maintaining the current interest rate policy.
According to foreign media, Swiss customs data showed that Swiss gold exports increased significantly year-on-year in January, with gold exports to the United States reaching their highest level in at least 13 years.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, after gold reached the target level of 2,946 USD, readers noted in the previous issue that the price point of the Fibonacci extension was 0.382%, it broke this level to renew its all-time high.
With the current position, if gold takes price action above the 0.382% Fibonacci extension level once again, it will have conditions to continue to increase with a target then around 2,971 USD in the short term, more than 2,996 – 3,000 USD.
The relative strength index also does not indicate any possibility of a downward correction in terms of momentum.
During the day, the short-term uptrend of gold prices will be noticed by trend, and as long as gold remains in the price channel, it still has a main bullish outlook, declines should only be considered as short-term corrections or a buying opportunity.
Notable locations will also be noticed again as follows.
Support: 2,922 – 2,915USD
Resistance: 2,954 – 2,971 – 2,996USD
SELL XAUUSD PRICE 2971 - 2969⚡️
↠↠ Stoploss 2975
→Take Profit 1 2963
↨
→Take Profit 2 2957
BUY XAUUSD PRICE 2909 - 2911⚡️
↠↠ Stoploss 2905
→Take Profit 1 2917
↨
→Take Profit 2 2923
Signals
GBPUSD: Buy or sell?Hello dear friends! What do you think about GBP/USD?
GBP/USD is holding steady after two consecutive days of losses, trading around 1.2590 during the Asian session on Thursday. However, the pair remains under pressure as concerns over tariffs from U.S. President Donald Trump continue to support the U.S. dollar.
On the chart, the price has successfully broken the ascending trendline, and after testing a strong support level, it is now retracing against the trend to test liquidity. Currently, GBP/USD is consolidating below the broken support, indicating strong selling momentum and a likely continuation of the downtrend. Given the current market structure, we are waiting for a small consolidation phase below the broken support before the next leg of the downward move resumes.
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NZDUSD Break & Retest – Bullish Continuation in Play?OANDA:NZDUSD has broken above a key resistance zone near 0.57000 and has now pulled 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 the 0.57860 level, which serves as a logical target for this setup. 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!
Bearish on GBP/USD |15M TF analysis This is my analysis on GU. We took buy side liquidity and then broke structure to the downside. Waiting for price retrace back up into a 30 minute order block with a 15M imbalance inside of it and liquidity resting right below it. Will scale down to lower timeframe 1-5M and see what price action does from this zone.
DOGEUSD Fibonacci Channel 'guarantees' rally to at least $1.Dogecoin (DOGEUSD) has held perfectly its 1W MA50 two weeks ago, rebounded and is now consolidating. This consolidation shouldn't last for too long as based on the previous Cycles, this 1W MA50 test was the new bottom the should lead to the final year (2025) rally.
As you can see, DOGE's historic pattern since its first trading day has been a Channel Up, which with the added element of the Fibonacci lines, only broke during the 2021 Top formation on its 1.5 Fib extension.
A key characteristic of the final year of each Bull Cycle is that after a 1W Golden Cross is formed, the price has always first hit the Mayer Multiple Bands (MMB) 2SD above (thin orange trend-line) and shortly after the MMB 3SD above (thin red trend-line).
So far the current Cycle had hit the MMB 2SD on its December High and based on the pace with which this Cycle is unfolding (the higher the cap the slower the pace), it is unlikely to see a MMB 3SD test shortly.
However the Fibonacci Channel along with the MMB gives in our opinion two Target levels for this final year of the Cycle, a fair one and an optimistic. The fair one is at $1.00, which would make a perfect test of both the MMB 3SD and the 1.0 Fib ext at the top of the Channel Up. The optimistic is at $3.5 (potentially even higher), which would be exactly on the 1.618 horizontal Fibonacci extension (still below the 1.5 Channel Fib), which was the January 2018 Cycle Top and of course was greatly exceeded during the May 2021 Cycle Top.
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Lingrid | GOLD bulls Maintain CONTROL as MARKET Pushes HigherFollowing the news release, OANDA:XAUUSD market surged higher, reaching the resistance zone/equal highs level. Currently, the price is testing the previous week high, and it may close above it. Historically, the market often breaks and closes above a key level on the third or fourth attempt. Considering the current bullish momentum, we could see the price surge towards the 3000 level this week. If the price pulls back, it may form an ascending triangle pattern, a trend continuation pattern. Overall, I expect the market continuing to push towards higher levels. My goal is resistance zone around 2975.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Another attempt for the 101-102K bounceMorning folks,
So market stands in the narrow range for the 3rd week already and not leaving hopes to show the bounce up to 101-102K area. Last attempt (in the way of cup pattern that we've discussed last time) has failed.
We don't care about it because mostly stay focused on weekly bearish DRPO pattern. Thus, any bounce here we consider first as a chance to Sell. And only second as a possible upside continuation.
For now BTC is trying to make an another attempt and form reverse H&S pattern on 1H chart. So target remains the same 101-102K. We have no intention to go long right now. But, if you trade intraday or just search chances to buy - maybe be this setup might be useful to you.
Supposedly 96K is an area where decision on position taking has to be made.
I keep the "bearish" mark for this setup. But, as now as last time - the bounce to 101-102K area are not excluded.
DXY Is Very Bearish! Short!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 106.963.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.002 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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GOLD Is Going Up! Buy!
Take a look at our analysis for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,953.88.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,994.97 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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EURUSD Will Fall! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.043.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.041 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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GBPUSD Will Go Higher From Support! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.261.
The above observations make me that the market will inevitably achieve 1.268 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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Lingrid | AUDUSD capitalizing on the BULLISH ContinuationFX:AUDUSD market continues to make higher highs, indicating that bulls are in control. The price has formed a range zone near last week's high, and there is a chance it may break above and reach higher levels. The market formed a small pause before continuing, as the price closed above the psychological level of 0.63000. On the daily timeframe, the price took liquidity below the previous day's low, and the subsequent move higher demonstrates bullish dominance. I expect the price to move toward the upper border of the channel. My goal is resistance zone around 0.64380
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | BNBUSDT anticipating BEARISH Shift in the SHORT RUNThe price perfectly fulfilled my previous idea. It hit the target. BINANCE:BNBUSDT market recently tested the area above the 700 level then pulled back by taking liquidity. Currently, the market appears calm and is moving sideways. However, on the 1h timeframe, the price is forming an ABC pattern from the resistance zone. Recently, it broke and closed below the consolidation zone, followed by a pullback to retest this area. I think the price might retest the key support level around 600, as it is moving within the range formed in the previous week. I expect short-term bearish move from the consolidation zone. My goal is support zone around 615
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD's rise has been steady, limited by its all-time peakDuring the Asian trading session, OANDA:XAUUSD spot delivery at about 2,930 USD/ounce; Yesterday the price of gold skyrocketed to 36USSD. On this trading day, the Federal Reserve meeting minutes are expected to cause major volatility in the gold market.
On Tuesday, as US President Trump's tariff plan sparked market concerns about US economic growth, funds poured into the gold market in search of a safe haven. Spot gold closed up 36.28 USD, equivalent to 1.25%, at 2,934.87 USD/ounce.
The Federal Reserve will release the minutes of its January monetary policy meeting at 02:00 Hanoi time on Thursday. The market expects more information from the minutes on how decision-makers assess the risks of a global trade war that could be triggered by Trump's tariff policy.
Last week's data showed the US consumer price index (CPI) rose at its fastest pace in nearly 18 months in January, reinforcing the Federal Reserve's stance that it is in no rush to cut interest rates.
The minutes will be closely scrutinized for clues about the Fed's path forward, especially in light of recent data showing solid price growth, weak consumer sentiment and weaker-than-expected retail sales.
If the Fed meeting minutes have a tough stance, the US Dollar could be boosted, which would put gold prices at risk of falling. And vice versa, if the minutes show the possibility that the Fed will continue with its goal of cutting interest rates, the USD will weaken and create room for gold prices to increase.
CME Group's FedWatch tool now shows that the market actually sees no chance of a rate cut in March and about a 20% chance of a 25 basis point cut in May.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold's gains were temporarily halted by its all-time high but the technical outlook remains overwhelmingly bullish.
The technical structure remains unchanged with the price channel as the main trend and main support by EMA21.
As long as gold remains within the price channel, above EMA21, pullbacks should only be considered short-term corrections without changing the trend, and should be seen as a buying opportunity.
On the other hand, the Relative Strength Index has not really sent out any reliable signals for a possible downward correction.
To summarize, the intraday technical outlook for gold is bullish, notable positions will be listed as follows.
Support: 2,911 – 2,900 – 2,881USD
Resistance: 2,942USD
SELL XAUUSD PRICE 2951 - 2949⚡️
↠↠ Stoploss 2955
→Take Profit 1 2943
↨
→Take Profit 2 2937
BUY XAUUSD PRICE 2904 - 2906⚡️
↠↠ Stoploss 2900
→Take Profit 1 2912
↨
→Take Profit 2 2918
GOLD MARKET ANALYSIS AND COMMENTARY - [Feb 17 - Feb 21]OANDA:XAUUSD have leveled off after a series of record increases, ending the week below 2,900 USD/oz due to strong profit-taking activities. The main reason is that geopolitical tensions in Eastern Europe have eased, reducing the need for safe havens. President Donald Trump had a phone call with Russian President Vladimir Putin about ending hostilities in Ukraine and suspending tariffs until a review is completed in April 2025.
Gold prices may continue to adjust in the short term, but in the long term, safe haven demand due to economic instability and trade war will push prices up. In addition, central banks stepped up gold purchases, with more than 1,000 tons in 2024 - much higher than the average level in the 2010-2021 period, contributing to supporting the rise of gold.
China launched a pilot project allowing 10 insurance companies to invest up to 1% of assets in gold. It is forecast that these companies can buy up to 28 billion USD of gold (about 300 tons), accounting for 6.5% of annual physical gold demand, contributing to boosting the market.
SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Tuesday: Empire State Manufacturing Index (economic index measuring business conditions of the manufacturing industry in New York state, USA. This index is announced monthly by the US Federal Reserve (FED) New York branch, based on a survey of manufacturers in the region).
Wednesday: US housing data (New homes and construction permits), FED meeting minutes.
Thursday: US Weekly Jobless Claims, Philadelphia Fed Manufacturing Survey.
Friday: S&P Flash PMI, US Existing Home Sales
📌Technically, on chart D1, after surpassing the peak at 2790, the gold price increased another 150 and tends to adjust again.
Currently, the support level to pay attention to is around the dynamic resistance level as well as the hard resistance level at 2790, while the resistance level is set around 2942. Next week, if the gold price maintains the trading level above the 2800 threshold, it is expected that the momentum will increase to set a new record high price. In case the price declines and adjusts too deeply, there is a risk that the gold price will be subject to downward selling pressure.
Notable technical levels are listed below.
Support: 2,881 – 2,857USD
Resistance: 2,900 – 2,942USD
SELL XAUUSD PRICE 2951 - 2949⚡️
↠↠ Stoploss 2955
BUY XAUUSD PRICE 2789 - 2791⚡️
↠↠ Stoploss 2785
EURJPY Approaching Major Support – Will Buyers Step In?OANDA:EURJPY is approaching a significant support zone, highlighted by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bounce if buyers step in.
The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 160.000 level, a logical target based on past price behavior and structural confluence.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
GOLD steadies at high levels despite FOMC looks toughDuring the early morning trading session on Thursday (February 20), spot gold prices suddenly increased rapidly in the short term and gold prices stabilized above 2,940 USD/ounce, approaching the historic high set in the previous trading day.
Trump just issued another tariff threat
On Wednesday evening local time, US President Trump reiterated that he will announce tariffs on cars, semiconductors and pharmaceuticals.
“I will announce tariffs next month or sooner on autos, semiconductors, chips, pharmaceuticals, lumber and a number of other items that have a significant impact on the United States,” Trump said.
On Tuesday, Trump said he intended to impose tariffs of "about 25%" on autos, along with similar tariffs on imported semiconductors and pharmaceuticals.
Earlier this month, the United States announced a 10% tariff on imports from China and a 25% tariff on steel and aluminum.
Gold prices hit a record high on Wednesday, but the Fed meeting minutes sent gold prices down a bit
Gold prices hit an all-time high in early trading on Wednesday as U.S. President Donald Trump's threat of tariffs rattled investors, but later retreated from record highs as the dollar strengthened following a tough Federal Reserve meeting minutes.
"Participants said that, as long as the economy remains near maximum employment, they would like to see inflation progress further before making additional adjustments to the target range of the federal funds rate," minutes of the Federal Open Market Committee's Jan. 28-29 meeting said.
Assessment: The meeting minutes highlight the cautious approach of policymakers after they cut interest rates by 100 basis points in the final months of last year. Some officials have said they want to see inflation continue to fall toward the Fed's 2% target before supporting another rate cut.
Minutes from the Federal Reserve meeting showed concerns about inflation risks, dampening expectations for interest rate cuts. Gold prices decreased after the Fed meeting minutes, but in general this is not a significant impact because the market is still accepting risks from President Trump.
Analysis of technical prospects for OANDA:XAUUSD
Technically, gold is up 0.30% on the day, temporarily in front of the 0.382% Fibonacci extension considered the nearest resistance.
Once gold breaks above $2,946, it will likely continue to renew its all-time high with a target then around $2,971 in the short term.
The intraday technical outlook for gold is bullish, notable positions will be listed as follows.
Support: 2,921USD
Resistance: 2,942 – 2,971USD
SELL XAUUSD PRICE 2971 - 2969⚡️
↠↠ Stoploss 2975
→Take Profit 1 2963
↨
→Take Profit 2 2957
BUY XAUUSD PRICE 2909 - 2911⚡️
↠↠ Stoploss 2905
→Take Profit 1 2917
↨
→Take Profit 2 2923
XAUUSD gains traction above 2876James, hello everyone.
Last week, we saw a significant drop in gold prices. At one point, the price of gold fell to a low of $2,876. Currently, the price of gold is trading around $2,898, stable for the week.
It is clear that the price of gold is starting a new week on a positive note, supported by the continued weakness of the US dollar (USD) and US Treasury yields.
Regarding the volatility of gold this week, the price of gold has also increased sharply due to tensions surrounding the upcoming tariff war between the United States and the European Union (EU). "The European Commission will consider strict import restrictions on some foods produced according to different standards to protect its farmers, reflecting the reciprocal trade policy of US President Donald Trump," the Financial Times (FT) reported on Sunday.
Additionally, it should be noted that gold prices could be volatile in the coming day as a US national holiday is likely to add to the action. Speeches by Fed officials Christopher Waller, Patrick Harker and Michelle Bowman will be closely scrutinized ahead of the Fed Minutes on Wednesday.
SPY Bullish Breakout! Buy!
Hello,Traders!
SPY is trading in a strong
Uptrend and the index made
A bullish breakout of the key
Horizontal level around 608$
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!
USDMXN at Key Support - Potential Buy SetupOANDA:USDMXN is currently trading at a major demand zone, where buyers may step in to support the price. This level has historically acted as a strong support area, leading to bullish reversals.
If the price confirms a rejection from this demand zone, we could see a move upward toward the 20.4440 target level. A bullish reaction from this zone would align with the expectation of a short-term correction within the broader market structure.
NZDCHF at Key Resistance: Potential Sell Setup OANDA:NZDCHF is currently trading at a key resistance zone, where sellers may regain control. This level has been a significant area of interest in the past, leading to reversals. The recent push into this zone suggests a potential for bearish continuation if price action confirms rejection.
If the market provides a clear rejection pattern, such as bearish engulfing candles or wicks signaling rejection, I anticipate a move downward toward the 0.51500 target level. This setup aligns with the expectation of a short-term correction within the broader market context.
If you have additional insights or an alternative perspective, feel free to share your thoughts!