GOLD → A very strong uptrend may get its continuationOANDA:XAUUSD is rising due to heightened geopolitical and political risks. A strong bullish trend is forming, where the price is testing the strong resistance level of 2726 and creating a false breakout of this resistance.
The upward movement is gaining momentum following threats of tariffs by Trump, which have added to the negative market sentiment regarding risk. Trump has proposed imposing tariffs on Mexico and Canada, as well as the EU and China, if trade agreements are not reached. These threats are supporting the demand for gold as a safe-haven asset. However, the strengthening U.S. dollar and expectations of a Fed rate cut are limiting gold's further upward momentum. Trading in the coming days will depend on the overall market sentiment and Trump's tariff discussions.
From a technical perspective, the false breakout of such a strong resistance level could temporarily slow the growth rate and lead to price consolidation or correction. However, there are technical nuances to consider.
Currently, it's important to note the 0.618 Fibonacci retracement level (2716) and the 0.5 Fibonacci retracement level (2711). These are significant liquidity zones that could prevent a deeper correction and push gold back into its bullish trend. A retest of the local highs at 2726 - 2732 would signal that the metal is ready for further upward movement.
Signals
SOYBEAN at Key Resistance Level – Will Sellers Take Control?FOREXCOM:SOYBEAN has reached a significant resistance level. This level has consistently acted as a key area of interest where sellers regained control, leading to prior reversals. If the price action confirms a rejection, I anticipate a move downward toward the 1,030 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
Proper risk management is essential, given the possibility of price breaking higher. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
GBP/USD: BOE Is Ready for the Big Cut!GBP/USD shows mixed signals, remaining below 1.2350, influenced by economic and political factors in both the UK and the US. After a strong rally on Monday, the pair lost momentum on Tuesday, driven by the recovery of the US Dollar and overall disappointing UK labor market data. The rise in the unemployment rate to 4.4% and a slowdown in employment growth weigh on the Pound, despite an annual wage increase of 5.6%. From a technical perspective, the RSI on the 4-hour chart signals a loss of bullish momentum, approaching the neutral level of 50 after being in the overbought zone. Key support levels are located at 1.2230 and 1.2200, while resistances are seen at 1.2350.
The Pound is also affected by an uncertain macroeconomic context, with Trump's comments indicating potential tariffs on China, Mexico, and Canada, supporting a recovery in the Dollar due to its safe-haven status. In the absence of significant US economic data, investor focus shifts to stock market performance: a negative opening on Wall Street could support the Dollar, exerting additional bearish pressure on GBP/USD. In the short term, the pair may remain under pressure, with a potential test of key support levels, unless more solid signs of Pound strength or Dollar weakness emerge.
AAL American Airlines Group Options Ahead of EarningsIf you haven`t bought the dip on AAL:
Now analyzing the options chain and the chart patterns of AAL American Airlines Group prior to the earnings report this week,
I would consider purchasing the 18usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $1.23.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EURUSD Will Move Lower! Sell!
Take a look at our analysis for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.035.
The above observations make me that the market will inevitably achieve 1.017 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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Technical Analysis of XAUUSD Using Support and Resistance LevelsXAUUSD represents the price of gold (XAU) against the US dollar (USD). Its current price is 2724, and the target price is set at 2800. This suggests a bullish outlook, with an expected price increase of 76 points. The analysis is based on the "support and resistance" pattern, where the current price is rebounding from a strong support level. Support levels act as a price floor, where buying pressure typically overcomes selling pressure, preventing further decline. The strong support indicates high confidence among traders that the price will rise. A move toward the target of 2800 aligns with the historical price behavior near this level. Traders may monitor for confirmation signals, such as higher highs or increased volume, to validate the upward momentum. However, market conditions and external factors like economic data or geopolitical events could influence the pair’s movement. Proper risk management is essential.
CHFHUF At Key Support Zone, can it bounce to 437.900?FOREXCOM:CHFHUF is currently testing a major support area that has previously served as a strong base for bullish reversals. It could become a great potential buying opportunity if buyers confirm control.
I think an upward move toward 437.900 is very plausible. If the support fails to hold, however, further downside might happen.
Be sure to wait for clear confirmation of buyer strength before taking long positions.
AUDHUF Testing Key Demand Zone: Bullish Bounce Ahead?PEPPERSTONE:AUDHUF is currently trading within a significant demand zone, marked by historical price reactions and a concentration of buyer activity. This area has previously acted as a strong support level, suggesting the potential for a bullish reversal if buyers regain control.
The current price action indicates the market is testing this demand zone, and signs of bullish momentum, such as bullish candlestick patterns or a higher low formation, could confirm a potential upward move.
If the demand zone holds, I anticipate a move toward the 248.570 level, which is a logical target for short-term bullish momentum.
NICKEL: Sell Setup at Key ResistanceCAPITALCOM:NICKEL is at a key resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to prior reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the 15865.08 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
Proper risk management is essential, given the possibility of price breaking higher.
ETHFI.X in downward trend: 10-day moving averageETHFI.X in downward trend: 10-day moving average crossed below 50-day moving average on December 26, 2024
The 10-day moving average for ETHFI.X crossed bearishly below the 50-day moving average on December 26, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 3 of 3 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Price Prediction Chart
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 6 of 9 cases where ETHFI.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 67%.
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on ETHFI.X as a result. In 9 of 13 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 69%.
The Moving Average Convergence Divergence Histogram (MACD) for ETHFI.X turned negative on January 08, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 8 similar instances when the indicator turned negative. In 3 of the 8 cases the stock turned lower in the days that followed. This puts the odds of success at 38%.
ETHFI.X moved below its 50-day moving average on January 07, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETHFI.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
ETHFI.X broke above its upper Bollinger Band on January 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ETHFI.X entered a downward trend on December 27, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
EURCAD: Sell Setup at Key ResistanceEURCAD is approaching a key resistance area, marked by historical price reactions and strong selling pressure. If bearish confirmation emerges, such as strong upper wicks or bearish candlestick patterns, I expect the price to move toward 1.48645. A breakout above this resistance, however, would invalidate the bearish scenario.
Traders should remain cautious and use proper risk management when approaching this level.
EURCZK: Potential Sell Setup at ResistanceOANDA:EURCZK is at a key resistance zone that aligns with prior price rejections and key supply levels. This area has historically attracted strong selling interest, making it a critical point to watch.
If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 25.17333. Conversely, a break above this level could signal further upside and invalidate the bearish setup.
Traders should carefully evaluate price action at this zone before entering positions.
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBPNZD Is Going Up! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.174.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 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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USDCHF – Potential Bearish Continuation Toward SupportThe USDCHF pair has broken below a key ascending trendline, signaling a potential shift in momentum. This move aligns with a bearish bias, suggesting that price action may now head lower.
If the price retraces back to the broken trendline or nearby resistance levels and forms bearish confirmations—such as rejection patterns, bearish engulfing candles, or long upper wicks, it could reinforce the likelihood of further downside movement.
Should this scenario materialize, sellers may target the 0.90484 level as the next area of interest. A sustained breakdown below this support zone could pave the way for continued bearish pressure.
However, traders should remain cautious. A break back above the resistance zone or strong bullish momentum could invalidate this outlook.
Gold Gains Amid Low US Inflation – More Upside Ahead?
Looking at the gold price action on the 4-hour chart, I see some technical signals supporting the possibility of a price increase. Currently, the price is hovering around $2,699 and maintaining above the EMA 34 ($2,693) and EMA 89 ($2,672). This shows that the uptrend is still dominant. At the same time, the price bounced after touching near the EMA 34 in the recent session, reinforcing the important support role of this area.
The arrangement of the EMAs still supports the uptrend, with the EMA 34 above the EMA 89. This combined with the recovery momentum from technical support creates expectations that the price will test the important resistance zone at $2,728. A break of this level would open the possibility of a price increase to the $2,750 area and higher. However, it should be noted that the support zone at $2,693 (34 EMA) will be the first line of defense if the price corrects. If the price breaks this zone, selling pressure could push the price down to the $2,672 (89 EMA) zone.
Fundamentals: Lower-than-expected inflation data has reinforced expectations that the US Federal Reserve (FED) will continue to cut interest rates, which will weaken the USD and increase the appeal of gold as a safe-haven asset. At the same time, investors are still waiting for economic policy information after Donald Trump returns to the White House.
I see gold in a short-term consolidation but has the potential to bounce if it breaks the important resistance zone. Watch the $2,728 zone closely to assess the next market momentum.
GOLD is supported, but watch out for TrumpIn the weekend trading session on Friday (January 17), OANDA:XAUUSD Spot price decreased by 12 USD due to factors such as the recovery of the US Dollar and profit-taking activities of investors, along with some pressure from important technical areas.
TVC:DXY Rising prices have put pressure on gold prices, but with uncertainty over incoming President Donald Trump's policies and markets once again betting on further interest rate cuts, Gold remains in favor. Weakly tilted to the upside as prices broke above the key level of $2,700.
OANDA:XAUUSD hit a new high in more than a month on Thursday, just $65.60 shy of October's all-time high of $2,790.15. Gold prices rose 0.5% this week, the third straight weekly gain, after weaker-than-expected U.S. core inflation data on Wednesday fueled speculation that the Federal Reserve will cut interest rates. capacity many times.
The market expects the Fed to cut interest rates twice before the end of this year, with Fed Governor Christopher Waller saying there could be further interest rate cuts if economic data weakens further.
Trump's policies make the market worried
The market is currently eagerly awaiting Mr. Trump's inauguration on January 20, which is expected to bring challenges to the gold market. Trump's strong rhetoric about supporting US manufacturing through trade tariffs continues to keep the US Dollar Index (Dxy) above 109 points, while also raising concerns about inflation and anxiety about a global trade war.
Aggressive markets will pay close attention to tariffs and fiscal spending policies, as these policies will directly affect economic growth, fiscal deficits and expectations of interest rate cuts by the Fed.
This week has been a pretty quiet data week. However, the event of Trump taking over the White House will be the focus, bringing expected market fluctuations that are huge fluctuations that traders need to pay special attention to.
Economic data to watch out for this week
Monday: US Presidential Inauguration, World Economic Forum Annual Meeting
Thursday: US weekly unemployment claims,
Friday: S&P Flash PMI data, US Existing Home Sales
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold has not yet been able to surpass the 0.236% Fibonacci retracement level, a position that is important resistance for a continued uptrend that readers noticed in the previous issue.
Gold has also decreased and corrected since being under pressure from the 0.236% Fibonacci level, but in general, the downward momentum is not significant with technical conditions still tilting in favor of price increases.
In the coming time, as long as gold remains in the orange price channel, above EMA21 and POC Volume Profile, it still has a bullish outlook. Meanwhile, the up trending RSI maintained its activity above the 50 level, showing that there is still wide room for price growth ahead.
Once gold breaks the 0.236% Fibonacci retracement level it could open a new bullish cycle targeting $2,750 in the short term, more than the all-time high.
The technical uptrend of gold will be noticed again by the following levels.
Support: 2,693 – 2,676USD
Resistance: 2,730 – 2,750USD
SELL XAUUSD PRICE 2741 - 2739⚡️
↠↠ Stoploss 2745
→Take Profit 1 2734
↨
→Take Profit 2 2729
BUY XAUUSD PRICE 2659 - 2661⚡️
↠↠ Stoploss 2655
→Take Profit 1 2666
↨
→Take Profit 2 2671
EURUSD - Potential Short from Resistance ZoneThe EURUSD pair is currently trading within a descending channel, indicating a continuation of bearish momentum. The price has recently bounced from the lower boundary of the channel and is now approaching a key resistance zone , aligning with the channel's upper boundary.
If the price rejects this resistance zone, it could signal a resumption of the downtrend. Confirmation of bearish momentum, such as rejection patterns, bearish engulfing candles, or long upper wicks, would strengthen the likelihood of a downward move.
In this scenario, the next target for sellers would be the 1.02029 level. A break below this support could extend the bearish trend further toward lower levels.
Traders should closely monitor price action near the resistance zone for signs of rejection or a potential breakout.
COTTON: Potential Sell from Resistance ZoneFOREXCOM:COTTON is nearing a significant resistance level that has previously acted as a ceiling for bullish momentum. The current upward move into this zone suggests potential selling opportunities if rejection signals appear.
If bearish patterns such as long upper wicks or bearish engulfing candles emerge, I anticipate a move toward 6,818.0. Traders should wait for clear confirmation before initiating short positions. If you have anything to add or a different perspective, I’d love to hear from you in the comments!
EURNOK - Potential Sell from Key Resistance ZoneOANDA:EURNOK is nearing a key resistance zone that has been a critical area for bearish reversals in the past. The current price action suggests sellers may regain control at this resistance level.
If bearish patterns appear, such as long upper wicks or bearish engulfing candles, I anticipate a move toward 11.73160. Conversely, a break above this resistance could invalidate the bearish bias and indicate potential for further upside.
Traders should monitor this area closely and use proper risk management strategies. If you have any thoughts or agree with this analysis, I’d love to hear your perspective in the comments!
USDCAD - Buy Opportunity After Resistance BreakOANDA:USDCAD has broken above a critical resistance level and is aligning with bullish trend continuation by retesting this level as support. If the support holds, I expect a move upward toward 1.45300, aligning with the bullish trend.
Conversely, if the support is broken, the bullish outlook could weaken, paving the way for further declines.
Traders should monitor this zone closely for signs of buyer strength before taking long positions. Do you see this playing out similarly? Let’s discuss in the comments below!
GBPJPY at Key Support – Bullish Bounce ExpectedOANDA:GBPJPY is approaching a significant support zone. The current market structure suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume.
If the support holds, I anticipate a move upward toward the 193.300 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside.
Traders should remain cautious and wait for confirmation before entering long positions. Monitoring candlestick patterns and volume at this critical support zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility.