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Technical Analysis

GOLD DAILY CHART MID/LONG TERM UPDATEHello Everyone, Here’s the latest update on the daily chart we’ve been tracking and trading, providing an overview of the current range. On the daily timeframe, there’s a strong resistance level at 2790, which may cause a rejection. Below this resistance, there is a Fair Value Gap (FVG) at 2740, which could provide support and help the price hold above. To simplify your trades, we’ve included entry levels and take profit (TP) targets (TP1, TP2, TP3) aligned with the EMA5. The EMA5 crossing and holding above these weighted levels will determine the subsequent targets. Key Update: EMA5 lock is now in place, providing additional confirmation for the gap. Strategy Highlights: ENTRY LEVEL: 2744 If a candle closes above this level and EMA5 crosses it for confirmation, we’ll look to enter bullish positions. First Target (TP1): 2804 Apply the same strategy to determine TP2 and TP3. Rejection Scenario: For ranging markets, focus on smaller timeframes (15M, 1H, 4H, 12H) to buy dips from weighted levels. Target clean 40-60 pips moves, which work well in these conditions while avoiding the risks of long-term swings. Dip-Buying Strategy: Continue buying dips at our support levels, targeting 40–60 pips per trade. Each level structure offers a 40–60 pip bounce, ideal for precise entry and exit points. Monitor the EMA5 crossing and locking above or below the ENTRY LEVEL to confirm the next directional range. Stay focused and trade wisely! TheQuantumTraders
TVC:GOLD
by TheQUANTUMTraders
XAUUSD NEW SIGNALHello everyone Right now market is moving sideways on 30min time frame we can see strong support and resistance We have to wait for it to be break for confirm trade we have two scenarios 1) If candle break and close above our resistance and the next candle breaks its high then we can buy long 2) Or If any candle break and close below our support and the next candle breaks its low then we can sell short Always remember to follow proper money management Risk 10% of your trade GOOD LUCK
OANDA:XAUUSD
by Paw_Trades_Official
2
EUR/USD: Inverse Head and Shoulders Pattern AppearsDear friends, On the D1 timeframe, EUR/USD is showing promising signs with the formation of an inverse head and shoulders pattern, signaling a potential reversal of the downward trend. At the time of writing, the pair is trading around 1.039, down by 0.12% for the day. However, this could simply be a minor pullback before a significant breakout. The focus is now on the 1.034 support area, which is seen as a crucial foundation for the market to stage a strong rally. If this level holds, EUR/USD has a high chance of advancing toward the 1.045 resistance level, where we could anticipate a potential breakout. Notably, a solid consolidation above 1.045 would pave the way for EUR/USD to climb further, with no significant barriers in sight to prevent the pair from reaching the 1.060 target. What are your thoughts on the upcoming trend? Can EUR/USD break through the 1.045 level and surge toward 1.060? Share your opinions and predictions in the comments below – let’s discuss and exchange insights!
Long
by Joegoldwave
Pound Awaits Direction Ahead of PMI DataMacro: The pound weakened due to the absence of significant economic data as markets look for new catalysts. Today's movement is expected to align with dollar trends while traders focus on tomorrow's S&P Global PMI releases. UK and US Jan PMI figures are anticipated to show mixed results, with services slowing and manufacturing rebounding. Technical: - GBPUSD failed to break above its resistance of 1.2320/70, coinciding with EMA21. The price is below both EMAs, indicating that downward momentum persists. - If GBPUSD remains below 1.2320, the price could shrink to its next support of 1.1940.  - Conversely, staying above 1.2320/70 may prompt a retest at its nearby resistance 2520. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Short
by DatTong
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 → False or true resistance breakout?OANDA:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel. The struggle that has not ended creates risks for both buyers and sellers. The weakening USD, coupled with the lack of clarity surrounding President Donald Trump's policy plans and ongoing trade wars, continues to provide support for gold. Inflation expectations are rising amid a period of economic and geopolitical uncertainty, forcing the Federal Reserve (Fed) to maintain high interest rates for an extended period to control increasing price pressures. Since taking office, President Trump has provided little detail on his proposed tariffs, raising questions about the seriousness of these measures and their potential impact. In the coming days and weeks, the precious metals market will be influenced by constantly shifting news from Washington. Resistance levels: 2758, 2770 Support levels: 2750, 2745, 2730 Currently, prices are consolidating above previously broken resistance levels. If there is no bullish momentum and the price breaks through a false resistance channel, gold may decline toward 2745 - 2730. However, a breakout above the local resistance level could trigger buying and push the price to the target: 2770. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
4
Nightly $SPX / $SPY Predictions for 1.23.2024🔮 📅 Thu Jan 23 🗓️ Day 4 📍 WEF Annual Meetings ⏰ 8:30am 📊 Unemployment Claims: 221K (prev: 217K) ⏰ 11:00am 🎙️ President Trump Speaks 🛢️ Crude Oil Inventories: -0.1M (prev: -2.0M) 💡 Market Insights: 📈 GAP ABOVE HPZ: If we gap up once more, we will break all-time highs. This will be met by a big decline to juice liquidity. 📊 OPEN WITHIN EEZ: Only resistance left, looking for a small pop up into the weekly zone to get a drop back down into the HCZ and HEL. 📉 GAP BELOW HCZ: We will likely get a small bounce, hold, and chop down. #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SP:SPXShort
by PogChan
GOLD/XAUUSD Aiming for New Highs? While the US and BRICS (Brazil, Russia, India, China, and South Africa) aren’t in a formal trade war, tensions are rising. BRICS nations are working to reduce reliance on the US dollar, challenging its dominance in global trade. This “de-dollarization” effort and geopolitical shifts, like sanctions on Russia and US-China disputes, are fueling uncertainty. The USD surged by over 7.1% and was the only currency to see a positive growth in 2024. What This Means for Gold? Gold thrives during uncertainty. As BRICS push for alternatives to the dollar and tensions with the US escalate, demand for gold could rise: Hedge Against Currency Risks: If BRICS reduce dollar usage, the dollar might weaken, boosting gold’s appeal. Geopolitical Tensions: Gold is a safe-haven asset investors flock to during economic instability. Global economic shifts are driving gold’s narrative. Trade wisely! Apex out!
OANDA:XAUUSDLong
by Apexfx_Alpha
TradeCityPro | IOTAUSDT Identifying a Re-Entry Point for Buying👋 Welcome to TradeCityPro Channel! Let’s analyze one of the oldest coins in the market that has recently experienced a bullish move. Together, we’ll find our entry and exit points. 🌐 Overview Bitcoin As always, before analyzing IOTA, we’ll take a quick look at Bitcoin on the 1-hour timeframe. Bitcoin is currently undecided, consolidating below its resistance and ATH while undergoing a correction. The positive aspect of this is that the volume is decreasing during the correction phase. If you missed the previous entry, you can open a long position at the 106996 resistance with a wide stop-loss at 99851. This level can also act as your spot trading trigger, but only if you don’t hold Bitcoin. Personally, I would wait for Bitcoin’s dominance to drop and then switch my focus to altcoins. 📊 Weekly Timeframe On the weekly chart, IOTA has been within a falling wedge pattern, which is inherently bullish and capable of reversing the primary trend. After breaking the 0.1423 trigger, the bullish move was activated. Before the breakout, the weekly candle engulfed the three previous candles, signaling that bearish momentum had ended and giving an early signal to add this coin to the watchlist. If you entered at 0.1423 or 0.2022, it would have been logical to secure your initial investment and continue holding the remaining coins. For now, there aren’t any clear weekly triggers for a new entry. 📈 Daily Timeframe On the daily timeframe, IOTA has been performing better than most altcoins. While many altcoins have retraced to their daily boxes, IOTA remains above the 0.382 Fibonacci level, which is a strong bullish signal. Momentum entered the coin after breaking the 0.1888 resistance—the top of the daily box—with a strong candle and good volume. At that point, it was possible to enter with a risky stop-loss at 0.1485 or a safer stop-loss at 0.1081. Afterward, the price moved up to 0.4999, showing signs of weakening momentum with smaller candles indicating a potential pullback. If you’ve already entered during the breakout, hold your position for now. You can exit if the price stabilizes below the 0.28 support, but I personally wouldn’t, as the chart still shows a bullish posture. If you’re looking to re-enter or add more, wait for a breakout above 0.4018, which could initiate a new primary bullish trend. The 0.1081 fake breakout triggered a significant reversal, marking the start of a new bullish move. This behavior highlights the importance of recognizing fake breakouts as trading opportunities. If 0.28 is broken, the next support levels to watch are 0.2365 and 0.1888, though it’s unlikely for the price to drop below these levels at this stage. As long as the price stays above 0.28, IOTA remains bullish , Wait for a breakout above 0.4018 to confirm a new bullish trend , Support levels are 0.28, 0.2365, and 0.1888 , IOTA continues to show strength, making it an interesting candidate for long-term holding or strategic trading. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
5
ALTcoins Have Still Space For More GainsHello Crypto traders! Crypto market remains nicely bullish as expected and if we take a look at OTHERS Crypto market cap chart, which excludes top 10 cryptocurrencies, it's looking for a bullish break into a 5th wave out of wave (4) bullish triangle pattern that can send the price into all-time highs and 500B area. Bullish confirmation is above upper triangle line and 400B area. So, with current risk-on sentiment and while stocks have space for more upside, still watch out for more gains in the Crypto market once current consolidation fully unfolds, especially if we consider USDollar weakness.
CRYPTOCAP:OTHERSLong
by ew-forecast
Netflix (NFLX): Explosive growth, but caution aheadNetflix ( NASDAQ:NFLX ) is set to open 14% higher after adding a record-breaking 18.9 million subscribers in Q4—nearly double Wall Street’s expectations and well above the early 2020 peak of 15.8 million. These incredible numbers have sparked a strong market reaction, and the enthusiasm is well-justified. Following this update, we’ve re-evaluated the chart. While we anticipate the potential for more upside, it’s unlikely that NASDAQ:NFLX will continue climbing without a significant correction at some point. The trendline since May 2022 has proven its importance, serving as resistance nine times before being flipped into support and holding firm on a key retest. Currently, Netflix is approaching the significant psychological level of $1,000. If this level is reclaimed, a further push toward $1,070 and even $1,300 could materialize. However, we’re exercising caution as major levels and target zones have already been achieved. There is a chance—albeit slim—that today’s earnings gap could mark the top of wave ((v)) and wave 3. For now, we’re waiting for further developments and will decide our next steps as the stock’s trajectory becomes clearer. Stay tuned for updates.
NASDAQ:NFLXLong
by freeguy_by_wmc