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.
Trend Lines
US30 Holding Above 44,404 – Breakout to 45,099 or Pullback FirstUS30 (Dow Jones) Technical Analysis – February 18, 2025
The US30 (Dow Jones) is currently holding above the pivot line at 44,404, indicating a potential bullish move. The price is consolidating within an ascending channel, and as long as it remains above this pivot zone, the trend remains bullish.
Technical Outlook
Bullish Scenario: If the price holds above 44,404, it is expected to push higher toward 44,756. A breakout above 44,756 would confirm a continuation toward 45,099 and 45,323.
Bearish Scenario: If 44,404 fails to hold, a downside move toward 43,763 could occur. A confirmed break below 43,763 would push US30 further down to 43,212 and 42,769.
Key Levels to Watch
🔹 Pivot Point: 44,404
🔹 Resistance Levels: 44,756, 45,099, 45,323
🔹 Support Levels: 43,763, 43,212, 42,769
📈 Directional Bias: The price is expected to test 44,756 before deciding whether to break higher or reject toward 44,404. Holding above this level keeps the bullish trend intact.
💬 Will US30 break resistance for new highs, or pull back first? Share your thoughts! 👇🔥
Gold Consolidating at 2,918 – Break Above 2,934 or Drop to 2,873Gold (XAU/USD) Technical Analysis – February 18, 2025
Gold is currently testing the pivot level at 2,918, with price action indicating potential consolidation before making the next move. The market structure suggests that gold may remain within the 2,918 - 2,873 range before a breakout.
Technical Outlook
Bearish Scenario: If gold fails to hold above 2,918 and closes below this level, a drop toward the 2,873 support is expected. A confirmed break below 2,873 would push the price further down toward 2,859 and 2,840.
Bullish Scenario: For gold to continue its bullish trend, it must break above 2,934, confirming further upside toward 2,956.
Key Levels to Watch
🔹 Pivot Point: 2,918
🔹 Resistance Levels: 2,934, 2,956
🔹 Support Levels: 2,873, 2,859, 2,840
📉 Directional Bias: Gold is expected to trade within 2,918 - 2,873 before a breakout. A move below 2,873 confirms further downside, while a break above 2,934 resumes the bullish trend.
💬 Will gold break 2,934 for new highs, or drop below 2,873? Share your thoughts! 👇🔥
Genuine Parts Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Genuine Parts Stock Quote
- Double Formation
* (Continuation Argument)) | Completed Survey
* Numbered Retracement & Short Entry Bias | Subdivision 1
- Triple Formation
* ABC Flat Feature | Subdivision 2
* Reversal Pattern Indication | Long Support | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
HelenP. I Bitcoin can grow to trend line, exiting from rangeHi folks today I'm prepared for you Bitcoin analytics. Recently, the price reached a support level that coincided with the support zone, followed by a correction. After this, BTC made a strong upward move to the resistance level, which also aligned with the resistance zone, breaking the support level and eventually surpassing the 102000 mark. The price then corrected back to this level, before rising to the trend line and hitting a new all-time high of 109300 points, after which it began to decline. For a while, the price traded near the 102000 level and even broke it briefly, falling below, but soon reversed and rose back to the trend line. Afterward, the price dropped to the support zone, breaking through the resistance level, and then quickly rebounded, triggering a false breakout of the 95300 level. Since then, the price has been trading within a consolidation range, and it continues to do so up to this day. I expect that BTCUSDT will decline to the support level before starting to rise again toward the trend line, slightly breaking out of the range. Therefore, my goal is set at 100800 points, which aligns with this trend line. If you like my analytics you may support me with your like/comment ❤️
SELL ON GBPJPYFirst trade of the week will be a possible 1:9RRR on GBPJPY. The pair seems to be aligning back to the bearish move on the Monthly time frame after tapping into the 61.8fib area twice.
Currently the pair is giving us series of LH and LL. Waiting for a pull back into the 61.8fib which also aligns with the descending trendline will give us a sell confirmation.
USD/JPY Holding Above 151.79 – Breakout or Rejection Next?USD/JPY Technical Analysis – February 18, 2025
The price is stabilizing above the 151.79 support line, indicating a potential move toward the 153.27 resistance.
To confirm a bullish continuation, USD/JPY must break above the 153.97 trend resistance, which could push the price further toward 155.10.
However, if the price fails to hold above 151.79 and breaks below 151.04, it would signal a bearish trend toward 149.67 and 147.82.
Key Levels to Watch
🔹 Pivot Point: 151.79
🔹 Resistance Levels: 153.27, 153.97, 155.10
🔹 Support Levels: 151.04, 149.67, 147.82
📉 Directional Bias: USD/JPY is expected to test 153.27 - 153.97 before deciding whether to break out higher or reject downward toward 151.79.
💬 Will USD/JPY break resistance or face rejection? Drop your thoughts! 👇🔥
GOLD (XAU/USD) - 30M Analysis & Prediction📈 GOLD (XAU/USD) - 30M Analysis & Prediction
🔹 Key Levels & Market Structure:
✅ 2903.6 - 2605: First support zone, potential for a bounce.
✅ 2888 - 2890: Stronger demand zone, ideal for liquidity grab.
✅ 2923.4 - 2924.7: Key resistance, watch for price reaction.
✅ 2929.9 - 2933.8: Major supply zone, deep retracement possible.
🚀 Bullish Scenario:
🔹 If price holds above 2903.6 - 2605, potential rally towards 2923.4 - 2930.
🔹 Strong bullish confirmation at 2888 - 2890 could signal a long entry.
💡 Trading Plan:
✅ Look for bullish confirmations at major support levels for buy entries.
✅ Watch price action in the FVG zone for potential reversals.
✅ Break above 2928 confirms strong upside momentum.
#fxforever #XAUUSD #SmartMoney #PriceAction #ForexTrading #LiquidityHunt #Fibonacci
Trading Signals for EUR/USD sell below 1.0500 (21 SMA -6/8 M)Early in the American session, EUR/USD is trading around 1.04614 below 6/8 Murray and within the uptrend channel forming since February 2.
On the H3 chart, the euro has been struggling to consolidate above the psychological level of 1.0500 which has been putting pressure on EUR/USD and now we are seeing a technical correction.
EUR/USD could extend its upward movement and reach the top of the uptrend channel around 5/8 of Murray located at 1.0376 in the next few hours.
In case EUR/USD consolidates above 1.0498, it could extend its bullish movement and reach the top of the bullish trend channel around 1.0535. In case EUR/USD breaks this zone, it could quickly reach 7/8 Murray located at 1.0620.
Market fears are against the euro as investors are assessing the impact of the US President's tariffs on the Eurozone.
Risk sentiment could trigger a strong bearish move in the euro and we could expect it to reach 4/8 Murray around 1.0253.
Our trading plan for the next few hours is to sell EUR/USD below 6/8 Murray with targets at the 21 SMA located at 1.0448, around the 200 EMA located at 1.0396 and finally, at 5/8 Murray located at 1.0376. The indicator is showing a negative signal which supports our bearish strategy.
Sell high and buy low within the regionDear Traders,
During the rebound, gold briefly reached around 2915 but failed to sustain the move. This indicates that the 2915-2920 resistance zone remains effective in the short term, and gold is struggling to form a strong upward momentum. On the downside, after multiple tests, gold has established strong support in the 2890-2880 region.
Therefore, based on the current situation, gold is likely to continue oscillating within the 2920-2890 range in the short term. For short-term trading, we can still employ a "buy low, sell high" strategy within this range.
Bros, do you know how to execute the high-sell-low-buy trading method in the area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GBPCHF is in the Selling from ResistanceHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USNAS100 | Breakout Confirmed! Will ATH Hold or Push Higher?📊 NASDAQ 100 (USNAS100) – Technical Analysis (4H Chart)
🔹 Market Overview:
The price has broken the key resistance zone and stabilized above it, confirming bullish momentum. The bullish volume pushed the price up quickly to reach ATH at 22,100 before facing some resistance.
🔹 Current Price Action:
A correction toward 21,900 is likely before another push higher.
As long as price trades above 21,900 and 21,807, the market remains bullish and can target 22,292 next.
🔥 Potential Bullish Scenario:
✅ As long as price holds above 21,900 - 21,807 → bullish continuation expected!
📌 Targets:
📍 22,100 (ATH Retest)
📍 22,292 (Key Resistance Target)
📍 22,412 (Major Resistance Level & Channel Top)
⚠️ Potential Bearish Scenario:
❌ A 4H close below 21,807 would signal a short-term pullback.
📌 Support Targets:
📍 21,900 (first support zone)
📍 21,807 (critical pivot area, potential bounce zone)
🔑 Key Levels:
📍 Pivot Zone: 21,900 - 21,807
📍 Resistance: 22,100 | 22,292 | 22,412
📍 Support: 21,900 | 21,807 | 21,570
📌 Conclusion:
✅ Bullish bias remains intact while price holds above 21,900.
🚀 Break above 22,100 = new bullish leg toward 22,292+.
⚠️ Failure to hold 21,807 could lead to a drop toward 21,570.
💬 Do you think we break 22,100 or correct first? Drop your thoughts below! 👇👇
Trading Signals for GOLD buy above $2,904 (21 SMA -5/8 Murray)Early in the American session, gold is trading around 2,911 within the bullish trend channel forming since February 20, below the 21 SMA, and above the 5/8 Murray. Gold maintains its bullish bias, consolidating around the psychological level of $2,900.
Over the past few weeks, gold has been under strong volatility due to the US President's comments regarding tariffs. His policy has generated concern among investors and in turn, has benefitted gold as a safe-haven asset, boosting its price.
We can see that the price has formed a double-top pattern on the H4 chart, which means that gold could continue its bearish bias.
We should wait for a confirmation in the next few days whether gold breaks and consolidates below the uptrend channel around 2,890
On the other hand. if XAU/USD consolidates above the 21 SMA located around 2,904 in the next few hours, the price will likely continue its rise and could eventually reach 6/8 Murray located around 2,968.
The indicator is showing oversold signs. So, we believe that in case there is a technical correction in the next few days and if the price consolidates above 5/8 Murray, any technical bounce will be seen as an opportunity to buy gold.
We must be on the lookout for a breakout of the bullish trend channel, which could lead to a sharp drop in gold and the instrument could reach the 200 EMA located at 2,789.
ASX 200 SPI Futures Test Key Support as RBA Decision LoomsWith disappointing earnings from major names like Westpac and BHP in recent days, and with more than three rate cuts priced for this year, ASX 200 SPI futures look vulnerable to downside heading into today’s RBA policy decision.
They’re now testing major uptrend support—a level that has attracted buyers in recent months. While it’s holding for now, the technical picture is far less convincing for bulls than on previous occasions.
Friday’s false break above the former record highs formed a shooting star daily candle, a clear reversal signal. While the price bounced off the uptrend again on Monday, unlike past instances, this one didn’t last with the price quickly gravitating back towards it.
RSI (14) has diverged from price, flashing a bearish signal, while MACD is curling up and looks close to confirming with a crossover from above.
Everything comes across as heavy.
A break of the uptrend would put the 50DMA in focus as an initial target for bears, with further downside levels at 8280, 8135, and the key 200DMA. A stop above the uptrend would help manage reversal risk.
If support holds, an alternative approach would be to set longs ahead of it with a stop beneath for protection. Potential upside targets include 8546 and 8581.
Good luck!
DS