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XAUUSD - Gold will welcome the holidays?!Gold is located between EMA200 and EMA50 in the 1-hour time frame and is trading in its short-term ascending channel. In case of a valid failure of the bottom of the channel, we can see the continuation of gold's decline and seeing the demand zone. Within the demand range of demand, we can buy with a suitable risk reward. If the upward movement continues, gold can be sold in the supply zone. Without a doubt, 2024 has been the year of the US dollar. While high inflation continued to spread across Europe and other parts of the world in 2023, the Federal Reserve reported progress in controlling price growth. Similar to last year, other central banks have been more proactive in reducing interest rates, but the slow pace of inflation containment has delayed the Federal Reserve’s rate-cutting process. Federal Reserve officials now anticipate only two 0.25% interest rate cuts in 2025. As a result, it is expected that the Federal Reserve will maintain a tighter monetary stance compared to other major central banks, except for the Bank of Japan, which is currently increasing its interest rates. This decision follows previous rate cuts implemented earlier this year, including a 50-basis-point reduction in September and a 25-basis-point cut in November. Overall, these measures have resulted in a full 1% decrease in the benchmark rate, signaling a shift in the Federal Reserve’s approach to the current economic environment. By lowering interest rates, the Federal Reserve aims to stimulate consumption while continuing to monitor inflationary pressures. Although these pressures have generally subsided, they have slightly risen in recent months. Nonetheless, the decision to reduce rates could benefit borrowers by lowering consumer interest rates, making it more affordable to buy homes, secure personal loans, or borrow funds in other areas. However, the implications extend beyond lending. Adjustments to the Federal Reserve’s interest rates could create a complex environment for investors, particularly those drawn to traditional safe-haven assets like gold. Historically, the relationship between interest rates and gold prices has been inversely proportional. Lower rates typically increase gold valuations, as the reduced cost of holding non-yielding assets like gold makes it more appealing, thereby driving up demand and prices. However, it is crucial to understand that the impact of interest rate decisions on gold prices operates within a broader network of interconnected factors beyond monetary policy. For investors considering adding gold to their portfolios, understanding this broader context is essential. In addition to Federal Reserve policies, one key driver of the gold market is central bank purchases, particularly by emerging economies seeking to diversify their reserves. These purchases have recently reached historic levels, providing substantial support for gold prices. Global trade tensions, supply chain disruptions, and evolving industrial demand—especially from technology and renewable energy sectors—also add layers of complexity to the gold market. In the first quarter of this year, India’s central bank recorded a net purchase of 77 tons of gold, followed by Turkey’s central bank with 72 tons, increasing the share of gold in its foreign reserves to 34%. Poland, with a purchase of 69 tons, was the third-largest buyer, while China, traditionally the largest gold buyer in recent years, ranked fourth with less than 30 tons. BlackRock, the world’s largest asset manager, has predicted in its 2025 global outlook report that the coming year will be marked by increased geopolitical fragmentation and the formation of rival economic and political blocs. These developments are likely to accelerate the trend of de-dollarization and bolster gold purchases. Moreover, the strength of the US dollar continues to play a crucial role in gold pricing. However, factors such as relative economic growth rates, trade balances, and international capital flows can overshadow this influence.For instance, the dollar may strengthen if major economies face significant challenges or if investors seek safe-haven currencies during market turmoil—even in a rate-cut environment. Inflation expectations also strongly influence the gold market. While moderate inflation typically supports gold as a store of value, extreme inflation may shift investment patterns, potentially reducing demand if other assets offer higher returns. Changes in consumer demand, particularly from major gold-buying countries, can also impact prices. Additionally, seasonal trends, such as increased gold purchases during festivals or weddings in these countries, may contribute to price fluctuations. Finally, US President Joe Biden signed a budget bill that will fund the government until mid-March next year, preventing a year-end shutdown. This legislation, recently approved by both the House of Representatives and the Senate, ensures government operations continue until the beginning of Donald Trump’s presidency next year.
FOREXCOM:XAUUSDLong
by Ali_PSND
GBP/USD at a Critical Support Level: What comes next?The GBP/USD pair has fallen more than 7% since September 26, 2024, largely in response to the strengthening of the USD following Donald Trump's recent victory in the US presidential election. However, it appears that GBP/USD has found significant support on the daily chart, forming a double bottom pattern in the 1.2500 region. This level has been an important reference point throughout 2023 and is poised to act as support once again. Confluence of Factors Several elements suggest a potential upward movement in GBP/USD: 7% Decline Without Significant Retracement: The pair has seen a substantial decline since September without any meaningful pullbacks. Key Support Region: The price has touched an important support level on the daily chart. Double Bottom Formation: The emergence of a double bottom pattern on the daily chart adds further support to the bullish hypothesis. Considering these points, a long setup could be contemplated if the candle on the daily chart for December 23 closes above the high of the preceding candle. This would create a bullish Engulfing Pattern, which is often viewed as an ignition signal and a buying opportunity. Potential Targets for a Long Trade 1.2800: This target is a previous resistance point that previously hindered further price increases. It also represents a round number, offering approximately 180 pips from the entry point. 1.3000: Another significant resistance level and round number, approximately 380 pips from the entry point. Stop Loss A suitable stop loss could be placed slightly below support on the daily chart at around 1.2470, providing a distance of approximately 150 pips from the entry point. Alternative Scenario Should GBP/USD break below the support level on the daily chart, the next downward movement could see it fall to the 1.2330 level, where it may find another area of support. Impact of Economic Data: UK GDP and US Consumer Confidence The upcoming release of UK GDP data should be closely monitored, as it is a critical indicator of the health of the UK economy. If the reading comes in lower than expected, the market may speculate that the Bank of England (BoE) could be forced to cut interest rates to stimulate growth, potentially leading to a depreciation of the Pound. Meanwhile, US Consumer Confidence data is likely to affect market volatility as household consumption accounts for approximately two-thirds of GDP. A reading that exceeds expectations could indicate strong consumer confidence in the economic outlook, which might lead to inflationary pressures and prompt the Federal Reserve (Fed) to consider raising interest rates, thereby strengthening the USD. As the GBP/USD pair approaches a crucial support level, the technical indicators suggest a potential for upward movement. However, traders should remain vigilant of the upcoming economic data releases and consider how they might influence market dynamics. Combining technical analysis with fundamental insights will enhance the likelihood of making well-informed trading decisions during this pivotal moment. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
BTC ( Bitcoin ) will first need a correctionBitcoin will first need a correction and then continue its upward trajectory. Given the current situation, it should correct to the highlighted area to evacuate sellers and bring in new buyers. This support area is quite strong and has the intersection of two strong technical supports. After that, it will either grow rapidly or, after a little bit of suffering and attracting liquidity from new buyers, it will start to grow incrementally. If you have followed my ideas, you will see that they always point to the desired point and have a correct prediction trend.
Short
by KingOfTheLord
Gold Long Term Analysis Dec 23rdSo we've seen the Gold price enter a ranging phase in December following the election. Volatility has dropped significantly though, the Gold price did see some fairly large moves due to economic news surrounding price inflation and the Fed's analysis for monetary policy going into 2025. Last week's close saw the gold price respect the current price channel, although we might see some more sideways movement until Donald Trump takes office. I believe the market will be looking to see how the Trump Administration's policies start to solidify and what that means for inflation. Governor Powell said in his Press Conference that the Fed has entered a new phase, noting that the cash rate is still restrictive, however the board was concerned that inflation may have stalled on its way down to the Fed's target. Saying this, there was concern that the labour market was showing signs of weakness and this may prompt the Fed to reduce rates further. What does this mean for the Gold Price going into 2025? Its not surprising that we have seen some sideways movement following the strong rise through to November. Some uncertainty still surrounds what the Trump admin will do once they take office, Tariffs are the key issue affecting the Gold price primarily what impact they might have on domestic inflation. Geopolitical risk in Russia and the Middle East, along with Central Bank purchases of Gold are providing pretty strong support for the Gold price currently. Though this might change depending on Trump's plans for the creation of a strategic crypto reserve and what he might be able to achieve on a foreign policy standpoint in those two major conflicts. I would expect the upwards trend in Gold to continue but we may see a continuation of the current ranging pattern until some more certainty arrives after Trump takes office. Although, if history tells us anything, certainty and Donald Trump don't necessarily go well together.
OANDA:XAUUSD
by dgowty
AKT/USD 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 # AKT/USD Stock Quote - Double Formation * Trend Line 1&2 | Completed Survey | Subdivision 1 * Retracement Area | Not Numbered - Triple Formation * 012345 | Hypothesis | Entry Bias | Subdivision 2 * Wave Count | Numbered | Impulsive Condition * Daily Time Frame | Behavioural Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:AKTUSD
by TradePolitics
Unveiling the Path: Silver's JourneyHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD 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
OANDA:XAGUSDLong
by ForexMasters2000
AUDUSD buy Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD 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 Chart
Long
by ForexMasters2000
GBPAUD buy Trade IdeaHello Traders In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET today GBP/AUD analysis 👆 🟢This Chart includes_ (GBP/AUD market update) 🟢What is The Next Opportunity on GBP/AUD 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
Long
by ForexMasters2000
1
BTC/USDT: Rising Channel Pattern | Critical Support TestBINANCE:BTC/USDT - 4H TIMEFRAME 🎯 CURRENT ANALYSIS: ━━━━━━━━━━━━━━━━ ✦ CURRENT PRICE: $95,921.70 (-1.21%) ✦ CHANNEL SUPPORT: ~$92,500 ✦ CHANNEL RESISTANCE: ~$114,000 ✦ KEY TIMEFRAME: 4H TECHNICAL STRUCTURE: ━━━━━━━━━━━━━━━━ 1. CHANNEL FORMATION: • Price trading within ascending channel • Strong support at lower channel boundary • Upper boundary showing resistance 2. PRICE ACTION FORECAST: • Potential volatility increase ahead • Projected movement (white line): - Initial bounce to $105,000 - Further rise to $114,000 - Possible reversal back to support 3. CRITICAL LEVELS: • Major Support: $92,500-$95,000 • Key Resistance: $107,000-$108,000 • Channel Top: ~$116,000 TRADING IMPLICATIONS: ━━━━━━━━━━━━━━━━ SHORT-TERM OUTLOOK: • Channel boundaries providing clear trading ranges • Current price testing support zone • Volatility expected to increase RISK FACTORS: • Break below channel support (~$92,000) • Increased selling pressure at resistance • Market sentiment shifts KEY OBSERVATIONS: ━━━━━━━━━━━━━━━━ • Price currently testing critical support • Channel structure remains intact • Projected movement suggests volatility ahead • Trading volume will be crucial for confirmation RISK DISCLOSURE: ━━━━━━━━━━━━━━━━ This technical analysis is for educational purposes only. Always manage risk appropriately and never trade more than you can afford to lose. #Bitcoin #BTC #TechnicalAnalysis #CryptoTrading #TradingView Tags: @TradingView
Long
by Supachai-Taechapisit
Bullish on ZCash!!This is one of my current trades. KRAKEN:ZECUSD has been holding up really well and bouncing strong off of current BTC down movements. Have two take profit zones, one at previous high around $67.11, and at a long term horizontal line at around $74.95. Around this area I expect some resistance and consolidation. If it can break past this level, next target is around the $115 area. I Need to work a little on entry as I was at a loss for a little during the drop this week, but have a decent entry with a lot of upside potential.
KRAKEN:ZECUSDLong
by Mr_Maravish
EURUSD Will be in bearish direction after Breaking ChannelHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD 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
Long
by ForexMasters2000
PEOPLE Reversal Setup at Channel Bottom | 100% Potential Return BINANCE:PEOPLE/TETHERUSHTTPS - 4H TIMEFRAME 🎯 SETUP STRUCTURE: ━━━━━━━━━━━━━━━━ ✦ ENTRY: $0.03578 ✦ TARGET: $0.07380 ✦ STOP LOSS: -3% Below Entry ✦ RISK:REWARD: 35:1 ✦ TIMEFRAME: 4H ✦ POSITION TYPE: SWING TRADE TECHNICAL CONFLUENCE: ━━━━━━━━━━━━━━━━ 1. PRICE ACTION: • Descending Channel Bottom Test • Multiple Timeframe Support Zone • Previous Strong Demand Area 2. MARKET STRUCTURE: • 6-Month Downtrend Exhaustion • Potential Double Bottom Formation • Clear Volume Profile Support 3. KEY CATALYSTS: • Oversold RSI Divergence • High-Volume Accumulation Zone • Strong Historical Support Level TRADE MANAGEMENT: ━━━━━━━━━━━━━━━━ ENTRY STRATEGY: • Scale in between $0.03578-$0.03600 • Initial position: 40% of total size • Add on first confirmation: +30% • Final add on trend confirmation: +30% TAKE-PROFIT STRATEGY: TP1: $0.05000 (25% of position) TP2: $0.06200 (50% of position) TP3: $0.07380 (25% of position) INVALIDATION: • Break below support with volume • Loss of 4H market structure • Failure to hold entry zone after 4H RISK DISCLOSURE: ━━━━━━━━━━━━━━━━ Trading involves substantial risk of loss. This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your own research and trade responsibly. #USDT #TechnicalAnalysis #Trading #CryptoTrading #SwingTrading Tags: @TradingView
Long
by Supachai-Taechapisit
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY 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
Long
by ForexMasters2000
Bitcoin BEARISH 4 Hour Chart - Trend Line Support BrokeBitcoin has broke down through an important trend line support level on the 4 hour chart. It is currently in the process of re-testing the line before a continuation down again. It's possible that Bitcoin may gain short-term up to around $100000 before the re-testing is complete. Or it may just start falling like a rock before then. The trend line was tested multiple times and is a reliable signal of what is to come. This also agrees with my analysis on the weekly chart too. Both charts indicate a potential drop for Bitcoin to around $75000. Please note: this is a crazy world and anything could happen, but this is my analysis based solely on the chart. I would say the same if it were corn, copper, or whatever else. Be cautious buying Bitcoin anytime soon based solely on hype! As I said above, it could gain short term to re-test the line which is now resistance, but it will probably be short-lived.
COINBASE:BTCUSDShort
by EACoders
1
Gold entered into a bearish structureHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD 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
OANDA:XAUUSD
by ForexMasters2000