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Gold → A Bear Wedge Pattern is forming. What's Next?OANDA:XAUUSD consolidating above the 2715 level, while simultaneously a bearish wedge pattern maintains the recent upward trend. Theoretically, the price will break the support level, creating a breakout at the 2715 zone. On the H1 timeframe, the support zone of 2715-2715 has formed and price is moving towards reacting at this support area. If buyers maintain this zone, price may retest the upper boundary of the rising channel or the important psychological level of 2748 before further decline. However, a breakthrough below this level will lead to an earlier price drop. Additionally, the USD is also consolidating above the support zone, creating a corresponding reaction in the gold market. Resistance levels: 2738, 2748, 2758 Support levels: 2716, 2703, 2693 I expect a correction following the false break of the 2715 level. Price consolidation below this level will lead to a deeper decline.
OANDA:XAUUSDShort
by Bentradegold
Gold prices gain momentum from Trump's tariffsGold prices hit a more than 11-week high in afternoon trading on January 22, not far from last year's record, driven by safe-haven demand amid uncertainty over US President Donald Trump's trade policies and a weak US dollar. Spot gold rose 0.3% to $2,751.89 an ounce at 12:02 (Vietnam time), after hitting its highest since November 1 earlier in the session, and nearing a record $2,790.15 an ounce set in October 2024. US gold futures also rose 0.3% to $2,768.40 an ounce. There is still some uncertainty regarding the timing of Trump’s tariff plans with major US trading partners, which has created uncertainty about the direction of the US dollar, which is the main short-term catalyst for gold prices, said Kelvin Wong, senior market analyst for Asia Pacific at OANDA. Gold’s appeal as an inflation hedge could be dented if Mr Trump’s policies, which are seen as inflationary, lead the US Federal Reserve to maintain high interest rates for a prolonged period. Higher interest rates reduce the appeal of gold, which does not pay interest.
OANDA:XAUUSDShort
by FalCol_TradingMaster
USDSGD: Pullback Expected from Resistance ZoneThe USDSGD pair is approaching a strong resistance zone around 1.37500, which aligns with a previous supply area where price has faced significant rejection in the past. This level marks a potential turning point, with price showing signs of exhaustion as it tests this key zone. We could see sellers take control if the pair rejects this resistance. A downward move could see the price targeting the area around 1.35152. If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
USDCHF Breaks Ascending Channel – Bearish Move ExpectedThe USDCHF pair has broken below an ascending channel, signaling a shift in momentum. If the price will retest the zone at 0.91200, which previously served as channel support, this area may now act as resistance, aligning with a potential bearish continuation. The market structure suggests further downside if the rejection holds at the current levels. I anticipate that the price will move downward toward the 0.90276 level, which represents a logical target for this setup. This setup aligns with the idea of a trend reversal after a channel break, offering a shorting opportunity on rejection from resistance.
Short
by DanieIM
GBPJPY at Support – Bullish Bounce ExpectedGBPJPY is trading within a key demand zone, marked by historical price reactions and strong buying pressure. The recent bearish momentum has brought the price into this critical support zone. Given the strength of this demand area, there is a high probability of a bullish rebound if price action confirms rejection (e.g., bullish engulfing candles or long lower wicks signaling buying interest). I anticipate a bullish move toward the 192.66 level, which represents a logical target for this setup. This setup aligns with the expectation of a short-term recovery within the broader market context.
Long
by DanieIM
4
XAUUSD - what will happen next?Here is our view and update on XAUUSD . Potential opportunities and what to look out on the pair and sharing possible entries and important Key Levels . Alright so, we have completed our long-term analysis on OANDA:XAUUSD here we can take a look at it now: We got a lot of questions such as; what will gold do now? Buy or sell? Let’s break it down. XAUUSD is currently trading at around 2750s . We are sharing a few possible scenarios on gold and these scenarios are written from just a TA (Technical Analysis) point of view. Scenario 1: BUYS -We above 2763. With the break of today’s highs at 2763 we can expect more upside on gold potentially slowly coming up to golds ATH (All Time High) sitting at 2790. With this in mind we can buy in at the breaks of 2763. Scenario 2: SELLS -We broke below 2750. With the break of 2750 we can expect more sells on gold after such a massive upside move. As long as we are trading below 2750 we can expect pullbacks down to 2720s or deeper pullbacks even up to 2700. Keeping this in mind, we can hop into sells at the breaks of the 2750 Key Level. IMPORTANT KEY LEVELS: -2763; breaks above would result in gold revisiting ATH (All Time High) -2750; breaks below would result in sells -2740; breaks below confirming lower levels -2720; breaks below confirming lower levels -2690; breaks below would confirm gold is bearish and we should see lower levels (2590..) Personal opinion: After gold has completed our longterm pre-planned analysis and has made such a massive upside move, we can expect some short term sells. Be careful at the breaks of mentioned levels and don’t rush into trades. As of now we are in a “no trade zone” until we break either to the upside or downside. KEY NOTES - XAUUSD breaking above 2763 would confirm buys and higher levels. - XAUUSD breaking below 2750 would confirm sells. - Breaks below 2740 would confirm lower levels. - Trades are only valid if we break the mentioned levels. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
1
AUDCHF Having a strong rebound on the 1.5 year Support.Last time we looked at AUDCHF (October 01 2024, see chart below), we took a long-term short trade based on the multi-year Channel Down: The 0.56000 Target got hit and yet again the 1.5 year Support Zone (since August 2023) held. Sooner or later, this demand zone should break the pattern upwards and reverse the bearish trend. Until then, we can continue buying on the Support Zone and target the Lower Highs. This time that trend-line happens to be where the 1W MA50 (blue trend-line) is headed at, so our Target is now 0.58000. Apart from the Support Zone, we will only buy if the price breaks above Resistance 1, which will be past a Channel Down bullish break-out also, and target the 1W MA200 (orange trend-line) and Resistance 2 at 0.61000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NETFLIX New Bullish Leg to $1140 has started.Netflix (NFLX) has been trading within a long-term Channel Up since the October 18 2023 Low. Every time that the price broke below and later recovered the 1D MA50 (blue trend-line), it was the most efficient buy signal of the pattern. This is what took place yesterday, we had the first recovery above the 1D MA50 since the break below it on Jan 10. Along with the inevitable Bullish Cross below the 0.0 level on the 1D MACD (which again has been the best buy signal all these years), we expect the new technical Bullish Leg of the Channel Up to start. So far we've had 5 core Bullish Legs and as you can see the tend to rise by roughly the same amount two at a time. The first two have been roughly +40%, then the next two +25% and the one before +38.71%. It is fair to assume that the one that has just started will be of around +38.71% too. As a result, we can place our Target a little lower for less risk and aim at $1100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
Analyzing USDCHF Using Support and ResistanceUSDCHF (US Dollar vs. Swiss Franc) is currently trading at 0.904, with a target price of 0.890, indicating a bearish outlook. This presents a potential gain of 100+ pips if the target level is achieved. The analysis is based on a support and resistance pattern, suggesting that the current price is below a key resistance level, which acts as a barrier to upward movement. The next support level is identified at the target price of 0.890, where the price is expected to stabilize or reverse. This implies a short-selling opportunity to profit from the anticipated price drop. The strategy assumes the price will continue its downward trend without breaking above the resistance level. Traders should closely monitor the price action near the resistance and support levels for confirmation. Effective risk management is crucial to account for potential price rebounds. The setup is ideal for technical traders focusing on price action and key levels. This plan is aligned with the overall market trend, reinforcing its validity.
Long
by AndrewsMarket-Mastery
XAG/USD Analysis: Falling Wedge Breakout Signals More UpsideAs I mentioned in my previous analysis, I am bullish on OANDA:XAGUSD , in addition to Gold. The price has now clearly broken above the falling wedge’s resistance. Since Monday, this breakout has proven to be genuine, with dips being consistently bought by traders. Currently, the price is facing minor resistance just below the 31.00 level. If this resistance is broken, we could see an acceleration toward my target of 32.00. As long as the 30.00 level remains intact, Silver maintains its bullish outlook, and buying dips should remain the preferred strategy.
OANDA:XAGUSDLong
by Mihai_Iacob
DOW has a full Bull year ahead based on PRESIDENT'S CHEATSHEETDow Jones (DJI) has started the year on a positive note and that is anything but a coincidence. On this 1W chart you can see Dow's price action since the early 2009 bottom of the U.S. Housing Crisis. That happened to be Obama's 1st year of Presidency. As you can see, 2009 was an incredibly bullish year with the index rising more than +60% from the year's bottom. Four years later in 2013, which was the 1st year of Obama's 2nd term in office, Dow had again a strong year, rising by +25% (naturally the previous term was more aggressive as the market had tremendous upside potential to recover from one of the worst economic crises in history). Moving forward again 4 years (2017), we can see yet another bullish (+35%) 1st year of Presidency, this time Trump's first term. Biden also had his fair share of bullish 1st year of Presidency in 2021 (+23%). The pattern is evident and shows the euphoria the market has when the U.S. President assumes his duties on his 1st year. It also shows that (excluding as mentioned 2009, which was natural to see a stronger recovery) on average it is fair to expect a price increase during the 1st year of around +25% to +30%. In fact, the price action that led to the current 1st year of Presidency that has just started (Trump's 2nd term), is very similar to the one that preceded Obama's 2nd term (2013). Both formed a Channel Up after the 1W MA200 (orange trend-line) was tested and held. That pattern pushed the price higher until the 1st year of Presidency, that found the index on the 1W MA50 (blue trend-line). Even the 1W MACD sequences that preceded this, are similar between the two fractals. As a result, investors have a strong reason to be bullish in 2025 and if pattern achieves the bear minimum of 2021 (+23%), we can expect to see 51000 by the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
2
TRUMP With Big buying OpportunityThe TRUMPUSDT coin is currently trading at $41, with a target price of $100, indicating a potential gain of over 250%. The coin is forming a Bullish Pennant pattern, which suggests a potential breakout. This pattern is typically seen as a continuation pattern, indicating that the coin's price may continue to rise after the breakout. The Bullish Pennant pattern is characterized by a series of higher lows and lower highs, forming a triangular shape. A breakout above the upper trend line of the pennant could confirm the bullish trend. However, it's essential to exercise caution and consider other technical and fundamental factors before making any investment decisions.
Long
by CryptoWithJames
3
EURUSD → Efforts to shift the global trendFX:EURUSD breaking the boundaries of the prolonged downtrend channel, the pair is currently struggling below the resistance level at 1.0448, aiming for consolidation that could set the stage for a further rally of at least 100 to 200 pips. The global trend remains bearish, and it is still too early to confidently declare a reversal. Prices are facing significant pressure at the critical resistance level of 1.0448. However, signs of a potential breakout are beginning to emerge in this area. If the US dollar continues its corrective movement, EURUSD could have a chance to confirm a shift in the current trend. A decisive breakout above 1.0448, followed by consolidation, could pave the way for the next bullish momentum. Key levels to watch: Resistance levels: 1.0448, 1.0607 Support levels: 1.033, 1.0222 Currently, all eyes are on the critical resistance level of 1.0448. A breakout and stability above this level could provide an attractive entry point for long positions, setting the stage for the next phase of growth. Sincerely, Bentradegold!
Long
by Bentradegold
Why I Like Chainlink: A Technical Perspective with 40$ targetAs I’ve mentioned before, one of the reasons I favor BINANCE:LINKUSDT is its strong adherence to technical patterns. This characteristic makes it a reliable asset for chart-based trading strategies. Let’s break down the past: • Accumulation Phase: From May 2022 to October 2023, LINK underwent a long, one-and-a-half-year accumulation phase. This created a solid foundation for future price action. • Breakout and Corrections: After the accumulation ended, LINK experienced an upward move, followed by a correction that perfectly tested the resistance of the previous accumulation zone. • New local Highs: A subsequent rally took the price to around $30, followed by another correction. This time, the correction confirmed a previously broken resistance level as new support, which acted as a springboard for another reversal upward. The technical behavior of LINK stands out as methodical and predictable, with clear levels of support and resistance consistently respected. Looking ahead, I anticipate that LINK will continue its upward trajectory, with a potential target of $40. My strategy is buying dips. However, a definitive break below recent support would force a reassessment of this outlook. In conclusion, LINK’s well-structured price movements make it an excellent candidate for those who favor technical analysis in their trading approach.
Long
by Mihai_Iacob
2