Gold Bulls Are Insatiable—Is a Breakout Above 2940 Next?Yesterday, Gold continued its rebound from Friday’s sell-off. Although I expected a new leg down from my 2920-2925 sell zone, the price exceeded that level and retested the all-time high zone for the third time in just eight days.
This type of price action—strong reversals after a sell-off—could indicate that bulls are not done yet, making a breakout above 2940 likely.
At this point, I’ve cut my losses and exited the market, waiting to see if the price confirms the potential for a new all-time high this week.
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.
Candlestick Analysis
Long trade
Buyside Trade
Date: Tuesday, 18th February 2025
Time: 6:05 AM (NY Time)
Session: Tokyo Session PM
Timeframe: 5-Minute (Entry TF)
Trade Details:
Entry: 2661.05
Profit Level: 2719.46 (+2.19%)
Stop Level: 2648.24 (-0.48%)
Risk-Reward Ratio (RR): 4.56
Reason: Buyside trade is based on short-term bullish structure, liquidity sweeps, and demand zone confirmation
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GBPCAD: Your Detailed Trading PlanTake a look at ⚠️GBPCAD
This week, the pair broke an important structure resistance and closed above it.
Currently, the price is consolidating within a tight horizontal range and retesting the broken structure on the 4-hour chart.
To confirm a bullish trend for intraday buying, look for a breakout above the resistance of the range.
A 4-hour candle closing above 1.7924 will confirm this breach.
If this occurs, a bullish continuation towards 1.7967 levels can be expected.
GOLD (XAUUSD): Waiting For ConfirmationGold is currently trading in a strong bullish trend.
After setting a new higher high higher close on a 4H time frame, the pair started to consolidate within a horizontal trading range.
I am anticipating a bullish breakout above the resistance level of the range.
A 4-hour candle closing above 2943 will indicate the buyers' strength, confirming a bullish continuation.
The next target for buyers will be 2980.
NZD/USD - 1H Analysis & Prediction📉 NZD/USD - 1H Analysis & Prediction
🔹 Key Levels & Market Structure:
✅ 0.5754 - 0.57588: First supply zone, potential rejection.
✅ 0.57817 - 0.57937: Major resistance, watch for liquidity grab.
✅ 0.5706 - 0.5708: Key support, possible bullish reaction.
✅ 0.56713: Critical downside target if supply zones hold.
🚀 Bearish Scenario:
🔹 If price rejects 0.5754 - 0.57588, a drop toward 0.5706 - 0.5708 is likely.
🔹 A deeper rejection from 0.57817 - 0.57937 could accelerate the downside move.
💡 Trading Plan:
✅ Look for bearish confirmations near resistance for short entries.
✅ Watch Fibonacci retracement zones for potential reversals.
✅ Break below 0.5706 confirms strong downside momentum.
#fxforever #NZDUSD #SmartMoney #PriceAction #ForexTrading #LiquidityHunt #Fibonacci
NZD/USD: Flipping the Script at .5700?NZD/USD struggled above .5700 recently, but now that it’s pushed through, maybe the opposite will hold true. Price action around today’s RBNZ decision—where the bank delivered a third straight 50bp cut and flagged at least two more, possibly three—suggests it might.
The post-decision dip below .5700 was snapped up quickly, casting doubt on the bearish signal from the three-candle evening star pattern completed Tuesday.
If the rebound holds, minor resistance sits at .5723 (Jan 24 high), with a tougher test at .5750, where last week’s rally ran out of steam. A break there puts .5800 and .5888 in play. It’s too early to say whether the rising wedge pattern the Kiwi is trading in will be respected, but that’s another thing for longs to watch.
The price has run a long way just while writing this, but dips towards and below .5700 look like solid long entry points, improving risk-reward while offering nearby levels for stops, like the 50DMA.Momentum indicators are flashing bullish, favouring dip-buying and bullish breaks in the near term.
If NZD/USD were to close beneath the 50DMA, the bullish bias would be nixed.
Good luck!
DS
Long trade
Pair: AUDNZD
Date: Tuesday, 18th February 2025
Time: 6:45 PM (NY Time)
Session: London to NY Session PM
Trade Details:
Entry: 1.10996
Profit Level: 1.11679 (+0.62%)
Stop Level: 1.10895 (-0.09%)
Risk-Reward Ratio (RR): 6.76
Reason: Buyside trade is based on a bullish market structure, liquidity grabs, and demand zone validation.
USOIL READY TO EXPLODE?! DON’T MISS THIS CRUCIAL MOVE!📊 USOIL (Crude Oil) Analysis – February 17
What’s up, traders? Mr. Blue Ocean FX here with another deep dive into the markets, and today, we’re breaking down US Oil (Crude Oil) and the major opportunities setting up. Let’s get straight into it.
📉 Weekly Time Frame Insight
• Last week’s candle closed with exhaustion, printing a low at 70.30 but losing volume compared to previous bearish moves.
• Key Resistance: 71.55 area was broken, signaling potential bullish momentum.
• Impulse Move: Price pushed as high as 79.44 (Jan 13th), breaking past the 77.90 October high before retesting that level.
📊 Daily Time Frame Setup
• USOIL is currently ranging in a consolidation zone, and we are at the lower region of this range.
• Buy Zone Identified:
• Three bottom touches suggest a strong support level.
• Higher low structure forming at 70.58, above the previous Feb 6th low of 70.34.
• If bulls hold this zone, we could see a strong push to the upside.
🕒 4H Time Frame Execution Plan
• Structure Confirmation: After a deep retracement, price failed to print a new low.
• Liquidity Sweep: A wick below 70.16 may have stopped early buyers before price reclaimed.
• Entry Plan:
• Buy near 70.68 (entry level).
• Stops below the recent low.
• Targeting 72.04, then 73.32, with further upside potential to 74.21+ if consolidation breaks.
• Channel Formation: USOIL is respecting an upward-sloping trend channel that could continue bouncing before a major breakout or breakdown.
🚀 What’s Next?
If bulls maintain control, we could see an explosive breakout, targeting higher liquidity zones above 74.21. However, if price breaks down, we may see another leg lower before a final push up.
🔥 What do you think? Will oil rally higher or break down? Drop your thoughts in the comments!
📢 If you found this breakdown valuable:
✅ Boost this post
✅ Share it with a fellow trader
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Let’s catch these moves! 🚀💰 #USOIL #CrudeOil #Trading #Forex #MarketBreakdown
Gold Shorts (Active)Active Swing trade idea on XAUUSD. The price of Gold imo is too inflated and was just the result of panic in the world due to the US Election. Price rejected this area previously and price is returning to the area with less volume. I react to the market rather than trying to predict however the amount of scale in opportunities that will be available make it worth the risk.
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.
Nifty stopped by Trendline and Mid-Channel Resistance. Nifty again today was stopped by the trendline and mid channel resistance inside the falling channel. A closing above mid-channel around 22967 will enable some strength to Nifty. However closing above the Mid-Channel will not be enough as there are 50 hours resistance line or the Mother line of hourly chart nearby as well. This Mother line is at 23043. The next resistance if we get a closing above 23043 will be near 23200. After this hurdle is crossed the next hurdle is near 23307. 23307 is the Father line of hourly chart. Post crossing this area the channel top will be near 23494. Supports for Nifty right now are at 22802, 22745. If 22745 is broken channel bottom support is near 22451 and post that trend bottom support near 22114. The closing was negative today but shadow of the candle is neutral to positive. Which can be considered a possible sign of reversal. However it is to early to call it a clear reversal until we get a closing above 23494.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
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!