Signals
Gold–A Bullish Revival or Just a Correction After Friday's Drop?Yesterday was a very quiet day for TRADENATION:XAUUSD traders.
After a normal rebound from the 2880 support, the price hovered around 2900 in a low-volatility environment.
Overnight, bulls found some strength and pushed the price to a high of 2916. At the time of writing, Gold is trading around 2910.
In my view, this is merely a correction following Friday’s sharp drop, not a resumption of the bullish trend. As I mentioned yesterday, I am looking to sell rallies.
My idea would be invalidated by a daily close above Friday’s high.
As for the target, in the medium term, we could see the price drop to 2850.
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.
XAUUSD Bullish Pennant Breakout: Retesting Before Targeting 3000XAUUSD is currently trading at 2934, with a target price of 3000, indicating a potential move of 66 points to the upside. This comes after the pair has already hit a 100% profit target following a bullish pennant breakout. The bullish pennant is a continuation pattern that typically forms after a strong price move, followed by a period of consolidation. After breaking the upper trendline of the pennant, prices often continue in the same direction, which in this case, is bullish. However, after the breakout, a small retesting phase is possible before the price resumes its upward momentum.
From a technical perspective, after reaching the 100% profit target, there is often a natural pullback or retest of the breakout point. This allows traders to re-enter the market with confirmation that the previous breakout was valid. The retesting phase is essential to ensure that support holds and provides a low-risk entry point for the next leg up toward the target of 3000.
Fundamentally, gold prices remain supported by a combination of factors, including ongoing inflation concerns, geopolitical risks, and central bank policies. With inflationary pressures still evident across major economies and global uncertainty around geopolitical events, gold remains a favored safe-haven asset. Additionally, the U.S. Federal Reserve's stance on interest rates will continue to play a significant role in shaping gold’s outlook, with lower rates typically supporting higher gold prices.
In summary, XAUUSD has successfully completed the bullish pennant breakout and reached the 100% profit target. A potential small retest before the next bullish move toward 3000 presents a solid re-entry opportunity. Monitoring global economic and geopolitical developments will be key to ensuring continued upward momentum for gold.
AUDJPY Sell signal below the 4H MA50.The AUDJPY pair has been trading within a Bearish Megaphone and is currently going sideways within the 4H MA200 (orange trend-line) and 4H MA50 (blue trend-line). Every time the latter broke to the downside, the pattern started its new Bearish Leg.
Assuming it hits at least the 1.236 Fibonacci extension like the first Bearish Leg, we are looking at a short-term Target of 93.750, if the 4H MA50 breaks.
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NVIDIA Rejected on the most important Resistance of all.Last time we looked at NVIDIA Corporation (NVDA) was just 20 days ago (January 29, see chart below) but we managed to get the exact bottom buy opportunity on the 1W MA50:
As the stock reacted with an immediate and relentless rally of 10 straight green 1D candles, it hit yesterday its first hurdle, the All Time High (ATH) Lower Highs trend-line and closed in red.
This Lower Highs trend-line is historically very important as every time a similar technical structure broke in the past 2 years, a strong rally followed. The early ones were stronger, which is natural to expect as the company was recovering from the 2022 Inflation Crisis and had enormous room to grow. On a side-note, the 1D RSI rebounded on its 34.00 Support, where the stock's last two bottoms were priced.
As a result, we believe that if NVIDIA breaks and closes above the current Lower Highs trend-line, it should at least repeat the last rally from its bottom (+68.69%), which translates to a $190 medium-term Target.
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BITCOIN Is the USDT dominance about to spark new rally to $150k?Bitcoin (BTCUSD) has been on a fierce consolidation the past few weeks, a lagging price action not helped at all by the recent market fundamentals.
From a technical view point though, the current BTC market structure is a Re-accumulation Phase similar to the Re-accumulation Phases of both previous Bullish Legs since the November 2022 bottom.
Those Re-accumulation Phases took place when the USDT dominance (chart on the right) posted a peaking 1D RSI struture similar to today's and the DXY (blue trend-line) was having a pull-back.
The current technical sequences matches the exact Re-accumulation Phases of BTC, which took place around the 0.5 Fibonacci level. If we apply this Fib structure now, even assuming the less ideal scenario that the 0.5 Fib is on the January 13 Low and not in the middle of the Re-accumulation, we get a potential Target for the upcoming rally at $150k.
SO what do you think? Can this unique USDT dominance pattern spark a new rally on Bitcoin to 150000? Feel free to let us know in the comments section below!
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Gold Bulls Are Insatiable—Is a Breakout Above 2940 Next?Yesterday, Gold continued its rebound from Friday’s sell-off. Although I expected a new leg down from my 2920-2925 sell zone, the price exceeded that level and retested the all-time high zone for the third time in just eight days.
This type of price action—strong reversals after a sell-off—could indicate that bulls are not done yet, making a breakout above 2940 likely.
At this point, I’ve cut my losses and exited the market, waiting to see if the price confirms the potential for a new all-time high this week.
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.
Lingrid | NZDUSD Trend Continuation Trade. LongFX:NZDUSD market continues to establish higher highs and higher lows, showing bullish momentum. It broke and closed above the key level of 0.570000. Overall, the market is forming an ABCD move. The price pulled back towards the support level, then bounced off it, taking out the liquidity below. Furthermore, on the daily timeframe, the price made a fake breakout of the previous day's low. Considering this fake breakout, it could signal a trend continuation, completing the ABCD move. I expect the price moving higher, potentially retesting the November low. My goal is resistance one around 0.57800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SPX500USD Will Go Down From Resistance! Short!
Take a look at our analysis for SPX500USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 6,134.7.
The above observations make me that the market will inevitably achieve 6,040.9 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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ETHUSD Will Go Lower! Sell!
Please, check our technical outlook for ETHUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,711.4.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,156.7 level soon.
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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GBPJPY Will Go Down! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 191.536.
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 188.947 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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AUDCHF Will Move Lower! Sell!
Take a look at our analysis for AUDCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.575.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.571 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 | SOLUSDT monthly Low FALSE Break. Potential BUYThe price perfectly fulfilled my previous idea. The market has reached the January low, as I predicted in my previous post. It has also almost touched the November low. I believe the market might bounce off the support level around the 150 level, a significant psychological level, and then move higher. Before the recent drop, the price formed a triangle pattern, which on the weekly timeframe looks like a potential fakey pattern. This pattern suggests a reversal. If the price closes above 175 at the end of this week, there is a high probability of the market moving to higher levels. I expect some consolidation at this support zone before a further upward movement, especially given the fake breakout of the previous month's low. My goal is resistance zone around 200
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NZD/USD Strength Persists: Dips Remain Buying OpportunitiesOver the past two weeks, I have drawn attention to major USD pairs, suggesting that a reversal could be imminent and that an upside correction might follow the downtrend from the last quarter of 2024.
NZD/USD is no exception. After finding strong support around the 0.5550 zone, the pair began to reverse to the upside. Following last week’s higher low, it broke resistance on Friday. After an initial correction and confirmation, bulls have regained control.
I expect NZD strength to continue, and as long as 0.5650 holds, there is a high probability of a move toward 0.58 or higher.
In conclusion, buying dips remains a favorable strategy, aiming for a risk-reward ratio of at least 1:2.
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.
The gold market has largely recovered after the sharp sell-offGold prices have been suppressed, but this is about to end as supply is tight and gold flows out of London and the US could re-price gold.
Andy Schectman - President of Miles Franklin Precious Metals said that one of the most worrying problems in the current gold market is that it is increasingly difficult to find and buy physical gold. "Currently, the LBMA takes six to eight weeks to deliver gold - in essence, this is almost a form of default," he said.
In China, some major banks have announced they have run out of gold products due to strong demand. In South Korea, the country's mint has temporarily stopped selling gold bars because of tight supply.
The world's largest gold ETF - SPDR Gold Trust (GLD) has just withdrawn 16 tons of gold. He said this could be a sign that institutional investors are withdrawing physical gold from the fund, reflecting a loss of confidence in the "paper gold" market.
SILVER Growth Ahead! Buy!
Hello,Traders!
SILVER made a bullish
Breakout of key horizontal
Level of 32.60$ and the
Breakout is confirmed
Which combined with the
Fact that Silver is trading in
A strong uptrend makes us
Bullish biased and we will
Be expecting further growth
Buy!
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GOLD STRONG BULLISH BIAS|LONG|
✅GOL D made a strong bullish
Rebound from the horizontal
Support below of 2868$ just as
We predicted in our previous
Analysis and and is going up now
Which combined with the fact
That gold is trading in a strong
Long-term uptrend along the
Rising support line makes us
Bullish biased and IF we see a
Bullish breakout of the
Horizontal resistance level above
Around 2940$ this will serve as
A confirmation of our bullish
Bias and we will be expecting
A further bullish continuation on Gold
SWING LONG🚀
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#IOUSDT remains under strong selling pressure📉 SHORT BYBIT:IOUSDT.P from $1.235
🛡 Stop Loss: $1.258
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:IOUSDT.P continues its downward movement, trading near the $1.235 level, which acts as a potential breakdown zone.
➡️ The highest liquidity area (POC) is at $1.41, significantly above the current price, indicating strong seller dominance.
➡️ The price has broken a key support level, confirming the bearish trend.
➡️ If the price consolidates below $1.235, further declines to target levels are expected.
⚡ Plan:
➡️ Enter short below $1.235 upon confirmation of bearish momentum.
➡️ Risk management through Stop-Loss at $1.258 to protect against sudden reversals.
🎯 TP Targets:
💎 TP1: $1.210
🔥 TP2: $1.185
🚀 BYBIT:IOUSDT.P remains under strong selling pressure, and a breakdown below $1.235 could accelerate the downward move.
GOLD Very Risky Short! Sell!
Hello,Traders!
GOLD is trading in an
Strong uptrend but the
Price will soon hit a strong
Horizontal resistance level
Of 2943$ which is an
All-time-high so after the
Retest we will be expecting
A local bearish correction
Sell!
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XAUUSD - Consolidation, what’s next?Here is our in-depth detailed view on XAUUSD . Potential opportunities and what to look out for. This is a detailed overview on the pair sharing possible entries and important Key Levels.
Alright first, taking a look at XAUUSD from a lower time-frame . For this we will be looking at the m15 time-frame .
As of right now, we are consolidating on OANDA:XAUUSD The best “signal” for now is to sit on our hands and wait for a clear break. Right now we are in a range from around 2905.6 and 2896 . Until we get a clear break , we can’t know the direction of the pair just yet. So, breaking down everything and understanding the importance of Key Levels we have several outcomes possibly in play.
Scenario 1: BUYS at the break to the upside (from the consolidation area)
- We broke above our consolidation area.
With the break to the upside, we can expect to see 2915 or a deeper revisit of 2920. At this point we would have to see if we make any pullbacks, possibly revisiting the top of the consolidation area (now becoming our support).
Scenario 2: SELLS at the break to the downside (from the consolidation area)
- We broke below our consolidation area.
With the break to the downside, we can expect to see lower levels such as 2880. At this point we would have to see if we make any pullbacks and continue chugging away to the downside. With the breaks of current lows we have on gold, we can expect drops even down to 2840.
KEY NOTES
- XAUUSD is consolidating.
- Breaks to the upside would confirm buys.
- Breaks to the downside would confirm sells.
- Possible deeper digs to the upside from 2915.
Happy trading!
FxPocket