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Gold will continue to break out and riseGold opened at 3024 in the morning, briefly rose to 3026, and then fell under pressure, hitting an intraday low of 3013. Subsequently, the gold price stabilized at a low level and is currently hovering around 3025. With the European session approaching, the market focus is on the resistance range of 3030-3032 above. From a technical point of view, if the gold price can effectively break through this resistance, it is expected to further climb to a high of 3045-3050. The lower support is located in the solid area of ​​3013-3009. The gold market still maintains a bullish trend in the big cycle, and it is recommended to continue to buy on dips in the medium and long term. For the short-term market, the current gold correction is nearing its end, and it is expected to fall into high-level fluctuations during the European session. In terms of operation, it is recommended to try to buy on dips with a light position. Operation strategy 1: It is recommended to buy more near 3022, stop loss at 3012, and the target is 3035-3040 and break to 3050.
OANDA:XAUUSDLong
by BenedictLuc8
Is there still room for gold to fluctuate and fall?Technical analysis of gold: Last Friday, gold rose slightly and fell, and once fell to the 3000 line during the session. The daily chart closed at 3023 with a negative line with a lower shadow. From the current market, although the bulls recovered half of the daily chart in the late trading, the overall adjustment is still at a high level. At least the daily chart is a continuous negative line. For today, from the daily chart, the price pierced the upper line on Friday, but the guide line did not follow. It is expected that it will continue to fluctuate and consolidate downward. It will not be able to get out of the unilateral pattern until all are closed. The weekly line closed with an upper shadow after three consecutive positive lines, and the short-term upward trend slowed down slightly. The daily K-line turned negative and retreated for correction, and the cross K-line received a correction and correction from the mid-yin line, with partial adjustment. Today's gold short-term operation ideas suggest that the rebound is mainly short, and the callback is supplemented by long. The top short-term focus is on the 3028-3030 first-line resistance, and the bottom short-term focus is on the 2999-2980 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3026-3028, stop loss at 3055, target around 3015-3005, and look at the 3000 line if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it falls back to around 2998-3000, stop loss at 8 points, target around 3010-3015, and look at the 3020 line if it breaks;
OANDA:XAUUSDShort
by BenedictLuc8
Latest gold trend analysisCan gold break through 3000? Will the market trend turn bearish? How should we view gold today? At the end of last week, gold fell by 57 US dollars from 3057-3000. Yesterday, it fluctuated downward, and the daily line closed negatively and touched the short-term moving average. From the perspective of long correction, the adjustment has not yet been in place, and there is still a possibility of further decline. The probability of breaking the 3000 mark is very high. However, the current market has entered a period of volatility, and the long continuity is very poor. Yesterday, it fluctuated upward during the day, and it began to fall after 10 o'clock in the evening. It closed at a low level in the early morning. The overall trend is still a volatile trend. Today, the bottom was bottomed out and rebounded this morning. The price broke through the high of 3014 in the early morning, but it is not recommended to chase blindly. Focus on the trend of the European session. If the European session goes up, it will be regarded as a shock in the evening. If the upper pressure is touched at 3035-3038, you can go short.
OANDA:XAUUSDShort
by BenedictLuc8
Gold intraday operation, range oscillation to be brokenThe hourly gold line is now oscillating in the range box. Only after gold breaks through the box, will the gold market appear. However, gold is at a high level after all, and it has fallen back after many highs. The pressure from above is relatively strong, so if the rebound is under pressure and does not break, you can go short Judging from the 4-hour trend, the upper short-term resistance is around 3030-35, and the lower support is around 3000-3005. Relying on this range, maintain the layout of the long and short oscillation range. In the middle position, watch more and do less, chase orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: 1. Buy when gold falls back to 3008-3010, and add more when it falls back to 3000-05, stop loss at 2995, target at 3030-3035, continue to hold if it breaks;
OANDA:XAUUSDLong
by BenedictLuc8
How to break the gold shock pull?Judging from the overall situation, gold is definitely rising in a bull market. It has already tested the 3,000 mark twice and found support, indicating that buying is still strong. What needs to be focused on now is whether the "W" bottom pattern of 3,000 can be effectively established. If it successfully breaks through the 3,035 watershed, it is expected to test the pressure near 3,045 and the historical high of 3,057. On the contrary, if the slight upward trend cannot be continued today, it will continue to maintain the 3,030-3,000 oscillation range. The 4-hour level currently forms a small double bottom support near 3,000. Today, the intraday rise has continued, and the K-line has re-stood above the short-term moving average. The short-term trend is strong. The current middle rail resistance has been broken. If it is stabilized again, the upper side will further see the upward rail pressure. The lower side 3013 will become the short-term long-short watershed. Whether the market will step back to confirm the continued rise or return to the bottom to continue to oscillate, focus on the next closing situation. Today's gold short-term operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the 3036-3038 first-line resistance, and the lower short-term focus is on the 3010-3015 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3036-3038, stop loss at 3055, target around 3025-3020, and look at the 3015 line if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 3013-3015, stop loss at 8 points, target around 3025-3030, and look at the 3038 line if it breaks;
OANDA:XAUUSDLong
by BenedictLuc8
XAGUSD Channel Up aiming for the new Higher High.Silver (XAGUSD) has been trading within a Channel Up for exactly year (since the March 27 2024 Low). Its current Bullish Leg started on the December 31 2024 (Higher) Low after almost touching the 1W MA50 (red trend-line). Once the price broke above the 1D MA50 (blue trend-line) on January 28 2025, it remained above it ever since, which is what happened on both previous Bullish Legs. We expect a +30% rise and a test of the 1.382 Fibonacci extension as the previous Higher Highs. Our Target is just below that at 37.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
1
Brent Crude INTRADAY oversold bounce back The Brent Crude Oil price action remains bearish, in line with the prevailing downtrend. The recent move suggests an oversold bounce, but overall sentiment remains weak unless a significant breakout occurs. Key Levels to Watch: Resistance Levels: 74.25 (critical level), 74.90, 75.90 Support Levels: 71.70, 70.70, 69.13 Bearish Scenario: A rejection from the 74.25 resistance level could confirm the bearish outlook, leading to further downside movement toward 71.70, with extended losses targeting 70.70 and 69.13 in the longer timeframe. Bullish Scenario: A breakout above 74.25 with a daily close above this level would challenge the bearish sentiment, opening the door for further gains toward 74.90, followed by 75.90. Conclusion: The market sentiment remains bearish, with the 74.25 level acting as a key resistance zone. A rejection from this level could reinforce the downside trend, while a confirmed breakout would shift the outlook to bullish, favoring further upside. Traders should closely monitor price action at this critical level for confirmation. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
WTI Crude INTRADAY oversold bounce back on maritime ceasefireThe WTI Crude Oil price action remains bearish, aligning with the prevailing downtrend. The current movement suggests an oversold bounce, but the broader outlook remains weak unless a significant breakout occurs. Key Levels to Watch: Resistance Levels: 70.50 (critical level), 71.30, 72.11 Support Levels: 67.95, 67.00, 65.40 Bearish Scenario: A rejection from the 70.50 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 67.95, with further downside targets at 67.00 and 65.40 over the longer timeframe. Bullish Scenario: A breakout above 70.50 with a daily close above this level would challenge the bearish sentiment, paving the way for further gains toward 71.30, followed by 72.11. Conclusion: The market sentiment remains bearish, with the 70.50 level acting as a crucial resistance zone. A rejection at this level could reinforce the downside trend, while a confirmed breakout would shift the outlook to bullish, favoring a potential rally. Traders should watch price action at this key level for further confirmation. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
Why XAUUSD is Bullish ?? Detailed analysis XAU/USD currently trading at approximately $3,030, forming a bullish pennant pattern—a continuation signal that typically precedes further upward movement. This pattern emerges after a strong price surge, followed by consolidation marked by converging trendlines. A breakout above the pennant's upper boundary could propel gold prices toward the target of $3,100, aligning with the prevailing bullish trend Fundamental factors support this optimistic outlook. Recent geopolitical tensions and concerns over escalating inflation have heightened demand for gold as a safe-haven asset. Additionally, the Federal Reserve's dovish stance, including potential interest rate cuts, has weakened the U.S. dollar, making gold more attractive to investors. These elements collectively contribute to the bullish sentiment surrounding gold. Technical indicators further reinforce this perspective. Gold has recently surpassed the significant $3,000 threshold, reaching new all-time highs. The formation of the bullish pennant suggests a continuation of this upward momentum. Key support levels to monitor include $2,961 to $2,965, while resistance is anticipated around $3,021 to $3,030. A decisive break above these resistance levels could confirm the pennant breakout, paving the way toward the $3,100 target. Traders should exercise prudent risk management strategies, such as setting appropriate stop-loss orders, to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.
FOREXCOM:XAUUSDLong
by AndrewsMarket-Mastery
3