Gold Steadies at$2700 Amid Trump Inauguration &Geopolitical CalmXAU/USD: Gold Prices Steady Near $2,700 – Outlook in a Trumpian Era
Gold prices go easy
Gold prices (XAU/USD) remained steady on Monday morning, fluctuating around $2,700 per ounce as Donald Trump prepared to step onto the podium. With the U.S. observing a holiday (markets are closed) in honor of Martin Luther King Jr., global attention shifts to Trump’s inauguration as the 47th President of the United States.
Trump’s Market-Moving Speech Ahead
Although the specifics of Trump’s speech remain uncertain, analysts speculate that tariffs and tax cuts may emerge as core topics. A softer stance on these points could ease concerns about inflation and reinforce a bullish outlook for gold. Conversely, a more aggressive approach, such as imposing 20% tariffs on imports, might heighten inflation fears and potentially weigh on gold prices.
Trump’s inauguration speech is expected to impact gold prices significantly, as it sets the tone for his administration’s economic policies.
Geopolitical Developments: Ceasefire in Gaza
On a separate note, geopolitical tensions eased on Sunday following confirmation of a ceasefire between Israel and Gaza. The agreement was solidified with Hamas releasing three hostages after some delays, in exchange for Israel freeing 90 prisoners. While gold is traditionally viewed as a safe haven during geopolitical uncertainty, the de-escalation in the Middle East reduced immediate demand for the precious metal.
Gold Technical Analysis
Gold prices are currently consolidating between $2,706 and $2,722 per ounce. The bearish momentum suggests a potential stabilization within the bearish zone, contingent on key levels being breached.
- Bearish Scenario: If prices stabilize below $2,712 and $2,706, further declines to $2,689 and $2,678 are likely, especially if a 4-hour candle closes below $2,706.
- Bullish Scenario: To confirm a bullish trend, prices would need to break above $2,722, potentially targeting $2,739.
Key Levels
Pivot Point: 2712
Resistance Points: 2722, 2739, 2756
Support Points: 2689, 2678, 2665
Trend Outlook
Bullish Trend: Above 2722
Bearish Trend: Below 2706
USD
EURUSD Top of the Channel Down. How to trade this.The EURUSD pair gave us a solid short-term buy last time (January 13, see chart below) that easily hit the 1.02850 Target:
The price remains near the top of the 5-week Channel Down and technically this is a sell signal. Our Target is 1.01250, which is the -2.30% minimum decline that has taken place within this pattern as a Bearish Leg.
If the price rises more however and breaks above the 4H MA200 (orange trend-line), it will be the first time to do so since October 01 2024, and a technical buy signal. In that case, take the loss on the sell and go long instead, targeting 1.06250, which is both marginally below the starting level (Resistance 1) of the Channel Down, as well as significantly below the 2.0 Fibonacci extension.
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USDCHF, follow the current trendOANDA:USDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous weeklyrange.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Macro high.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo
Potential bearish reversal?The Gold (XAU/USD) has reacted off the pivot and could drop to the 61.8% Fibonacci support.
Pivot: 2,717.07
1st Support: 2,633.49
1st Resistance: 2,789.99
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish momentum to extend?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 78.09
1st Support: 76.04
1st Resistance: 80.79
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The Aussie has a strong bearish momentum, could it drop further?The price is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 0.6250
1st Support: 0.6144
1st Resistance: 0.6301
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the Swissie reverse from here?The price is rising towards the pivot which acts as a swing high resistance and could drop to the 1st support which has been identified as an overlap support
Pivot: 0.9195
1st Support: 0.9016
1st Resistance: 0.9284
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into 38.2% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 1.2364
1st Support: 1.2099
1st Resistance: 1.2531
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURUSD 20-24 Jan 2025 W4 - Weekly AnalysisThis is my Weekly analysis on EURUSD for 20-24 Jan 2025 W4 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment Weekly Chart AnalysisDaily Chart Analysis4H Chart AnalysisEconomic Events for the Week
Market Sentiment
Interest Rate Differentials: The widening gap between US and Eurozone interest rates favors the USD. Higher US yields attract capital flows, supporting the USD against the euro.
Inflation Trends: While inflation in the Eurozone remains subdued, the US continues to grapple with sticky inflation, keeping the Fed cautious about easing policy. This divergence further supports the USD.
Energy Prices: Elevated energy prices, driven by geopolitical tensions or supply disruptions, could weigh on the Eurozone’s trade balance and economic growth, adding pressure to the euro.
Weekly Chart Analysis
1️⃣
🔹Swing Bearish
🔹Internal Bearish
🔹In Swing Discount
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS)
3️⃣
🔹After the bearish iBOS we expect a pullback, price tapped into liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase.
🔹Expectations is for price to start a pullback phase from the Weekly demand zone / or from the liquidity sweep from the Nov 2022 low (Require Daily/4H confirmation).
Daily Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹Following the Bearish Swing BOS, INT Structure continuing bearish approaching the weekly demand zone.
3️⃣
🔹After the receint iBOS, price pulled back to EQ (50%) of the INT Structure but currently failed to create a new iBOS with a Bullish CHoCH forming a new Demand.
🔹Expectations is not clear as we could start a deep pullback to intiate the Weekly Pullback Phase required or the current failure to creare a new Bearish iBOS is just a pause in market for more bearish move to at least the Weekly Demand. More development required from LTFs.
4H Chart Analysis
1️⃣
🔹Swing Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Fractal)
2️⃣
🔹After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that price is contained within it.
3️⃣
🔹Price is currently ranging between Supply and Demand which clearly makes price indecisively have a clear direction. More developments required on LTFs to have a clear expectation.
Economic Events for the Week
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.0332
1st Support: 1.0175
1st Resistance: 1.0464
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards pullback support?XAU/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,690.10
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,674.73
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 2,718.81
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop off pullback resistance?USD/JPY is rising towards the resistance level which is a pullback resistance that is slightly below he 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 156.78
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
Stop loss: 158.12
Why we like it:
There is a pullback resistance level.
Take profit: 155.02
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAUUSD 19/01/25This week, our analysis on XAU continues with the same bullish bias from last week. After a clean bullish shift last week, we anticipate gold to maintain its upward momentum. As always, Orion guides us on the trading direction, and we follow accordingly.
Currently, we are targeting lows as potential buy zones and highs as key levels to trade into. With recent developments, including Trump becoming president and the current moves in gold, another bullish run appears to be the most probable scenario.
Stick to the plan, trade from the lows into the highs, and always manage your risk effectively.
Trade safe, follow Orion, and stay disciplined.
Bullish bounce?USD/CHF is falling towards the support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and coul;d bounce from this level to our take profit.
Entry: 0.9135
Why we like it:
There is a pullback support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 0.9100
Why we like it:
There is a pullback support level.
Take profit: 0.9173
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD 19/01/25
Here's the revised version without bullet points:
This week marks a special occasion as we celebrate the birthday of our head mentor!
Heading into the week, we maintain the same bias as last week: focus on the lows being taken out, while the highs serve as key entry areas. The game plan is straightforward. Look for a solid pullback to sell into the lows, or wait for the lows to be run and then target a pullback to current highs or newly formed highs yet to emerge.
Our bias remains bearish, so patience is key. Wait for a run on the highs before taking action. There’s no need to overcomplicate things—if you’ve been following Orion, everything is already in place.
Trade safely, trust Orion, and always stick to your risk management plan.
Xauusd | Weekly Prediction ( 19/January/2025 ) Xau usd | Weekly Prediction ( 19/January/2025 )
Hey guys hope you are doing well !
- This analysis is based on pure Educational Purposes
- Market closing was at 2702 point and we are expecting that 2698 and strong support level at 2693-92.00 which were clearly shown in our Chart .That point is also our Observing point so we will take decisions on the based of it
• Bullish Scenario : if market cant break our Support area which is at 2693-92 our targets would be 2700 - 2710 - 2720
• Bearish Scenario : if market close the candle below that region we are expecting a bearish trend until 2660 we decided to take hold at 2620 or not !
Additionally : Trump oath and Fomc Week be Ready for more updates
DXY - ANALYSIS👀 Observation:
Hello, everyone! I hope you're all doing well. Today, I want to share my personal view on the Dollar Index (DXY) with you.
Based on what I see on the chart, I expect the Dollar Index (DXY) to reach the resistance zone of 110.668 to 110.877 . After a small pullback, I anticipate it will start its bullish movement upwards.
If the 107.750 level breaks downward and consolidates on the 1H timeframe, a further decline could follow.
📈 Expectation:
After a minor pullback, the DXY is likely to initiate a bullish movement and continue its upward trend.
💡 Key Levels to Watch:
Resistance Zone: 110.668 - 110.877
💬 What’s your view on the Dollar Index this week? Share your thoughts in the comments below!
Trade safe
Staring at the SOLI’m just going to leave this here. Anytime we see a break of a ATH we can expect to see the bull run begin. As we all wait patiently for the 20th we see some movement in the market with Bitcoin dominance in fluctuation. I’ll be holding some SOL to see if we can reach the sun.
We could see over $1000 per SOL just for fun.
Good luck and have fun with it.
USDCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.90600 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area.
Trade safe, Joe.
Weekly FOREX Forecast Jan 20-24thThis is an outlook for the week of Jan 20-24th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is at a higher time frame Supply Zone. This coincides with the Inauguration Day for Trump. The USD Index will potentially start to turn over here, if the 2016 Inauguration Day is used as a model. No selling until a bearish break of structure! But stay vigilant, and be careful buying into a HTF Supply Zone!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Ruthless 500% (top gainer)As called previously I hope you all held though the boring part. But for a 500% return that’s not a bad wait. I have pulled a majority of my profits as I was heavily invested more than I should have been but have reentered for a quick scalp or continuation hold.
If it is not a scalp I’m selling and waiting for the market to retrace
A break below the uptrend (black line) invalidates the immediate continuation but could bounce back with a bear trap
I could see as low as $0.00555
But the potential upside past $0.017
Is nearly $0.05 as it next stop
We see a “W” forming in the 15 min
We see a lot of support in the 15min and 4hr
And in the daily it’s very bullish obviously but we know crypto I can reap 500% in a quick retrace so keep an eye out.
Good luck and have fun with it.