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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.
ICMARKETS:XAUUSDShort
by ICmarkets
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.
ICMARKETS:XTIUSDLong
by ICmarkets
XCU/USD "The Copper vs US Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XCU/USD "The Copper vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade after the market pullback, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 9500.00 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ The XCU/USD (Copper) is expected to move in a bullish direction. REASONS FOR BULLISH TREND: Increasing Demand: The demand for copper is expected to increase due to the growing demand for electric vehicles, renewable energy systems, and other industrial applications. Supply Constraints: The supply of copper is expected to be constrained due to production disruptions, mine closures, and declining ore grades. China's Economic Growth: China's economic growth is expected to continue, which will drive up the demand for copper and other industrial metals. Infrastructure Spending: The US and other countries are expected to increase their infrastructure spending, which will drive up the demand for copper and other construction materials. Low Inventory Levels: The inventory levels of copper are currently low, which will lead to an increase in prices as demand increases. Strong Export Demand: The export demand for copper is expected to remain strong, driven by demand from countries such as China, India, and South Korea. Production Costs: The production costs for copper are expected to increase due to higher costs for inputs such as energy, labor, and equipment. Government Policies: The government policies in countries such as Chile and Peru are expected to support the copper mining industry, which will lead to an increase in production and higher prices. UPCOMING FUNDAMENTAL ANALYSIS: US GDP Growth: The upcoming US GDP growth report is expected to show a strong economy, which could support copper demand and prices. China's Economic Data: China's economic data, including GDP growth and industrial production, is expected to show a recovery, which could support copper demand and prices. Copper Inventories: The upcoming copper inventory report is expected to show a decline in inventories, which could support copper prices. Mining Production: The upcoming mining production report is expected to show a decline in production, which could support copper prices. MARKET SENTIMENT: Bullish Sentiment: 60% Bearish Sentiment: 30% Neutral Sentiment: 10% Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
FPMARKETS:XCUUSDLong
by Thief_Trader
XAUUSDTrade Suggestion: For the trade: Due to the presence of short-term correction signals in lower timeframes and confirmation of an uptrend in higher timeframes, the price is expected to initially decrease (with a potential correction to 2690) and then continue its upward movement. Trade Suggestion: 1. Buy trade entry: o Entry point: 2690 o Stop Loss: 2683 o Take Profit: 2707 o Entry method: Pending Order (Buy Limit) at 2690. 2. Sell trade entry (short-term): o Entry point: 2703 o Stop Loss: 2710 o Take Profit: 2690 o Entry method: Manual. • Buy trade suggestion with a high probability of success. • Sell trade suggestion as a short-term opportunity.
OANDA:XAUUSD
by trade_planning
SOYBEAN CFD Commodity Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the SOYBEAN CFD Commodity market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 1050.00. however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Target 🎯: 1130.00 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ The SOYBEAN CFD is expected to move in a bullish direction. REASONS FOR BULLISH TREND: Weather Conditions: The weather conditions in the US and Brazil, the two largest soybean-producing countries, are expected to be favorable for soybean production. This will lead to a potential increase in supply, which will put upward pressure on prices. Demand from China: China, the largest importer of soybeans, is expected to increase its imports of soybeans due to a shortage of domestic supply. This will lead to an increase in demand for soybeans, which will drive up prices. US-China Trade Deal: The US and China have signed a trade deal, which includes an agreement to increase Chinese purchases of US agricultural products, including soybeans. This will lead to an increase in demand for soybeans, which will drive up prices. Low Inventory Levels: The inventory levels of soybeans in the US are currently low, which will lead to an increase in prices as demand increases. When inventory levels are low, suppliers are less likely to offer discounts, and buyers are more likely to pay a premium to secure supplies. Strong Export Demand: The export demand for soybeans is expected to remain strong, driven by demand from countries such as China, Mexico, and Japan. This will lead to an increase in demand for soybeans, which will drive up prices. Production Costs: The production costs for soybeans are expected to increase due to higher costs for inputs such as seeds, fertilizers, and pesticides. This will lead to an increase in the cost of production, which will be passed on to consumers in the form of higher prices. Government Policies: The US government has implemented policies to support soybean farmers, such as subsidies and tariffs. These policies will help to increase the profitability of soybean farming, which will lead to an increase in production and higher prices. Market Sentiment: The market sentiment for soybeans is currently bullish, with many traders and investors expecting prices to rise. This will lead to an increase in demand for soybeans, which will drive up prices. Technical Analysis: The technical analysis for soybeans is currently bullish, with the price trading above its 50-day and 200-day moving averages. This indicates that the trend is upward, and prices are likely to continue to rise. Seasonal Trends: The seasonal trends for soybeans are currently bullish, with prices typically rising during the summer months due to strong demand from countries such as China and Mexico. These fundamental points suggest that the SOYBEAN CFD is likely to move in a bullish direction, with prices expected to rise due to strong demand, low inventory levels, and favorable weather conditions. Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
AFTERPRIME:SOYBEANLong
by Thief_Trader
1
Gold Gains Amid Low US Inflation – More Upside Ahead? Looking at the gold price action on the 4-hour chart, I see some technical signals supporting the possibility of a price increase. Currently, the price is hovering around $2,699 and maintaining above the EMA 34 ($2,693) and EMA 89 ($2,672). This shows that the uptrend is still dominant. At the same time, the price bounced after touching near the EMA 34 in the recent session, reinforcing the important support role of this area. The arrangement of the EMAs still supports the uptrend, with the EMA 34 above the EMA 89. This combined with the recovery momentum from technical support creates expectations that the price will test the important resistance zone at $2,728. A break of this level would open the possibility of a price increase to the $2,750 area and higher. However, it should be noted that the support zone at $2,693 (34 EMA) will be the first line of defense if the price corrects. If the price breaks this zone, selling pressure could push the price down to the $2,672 (89 EMA) zone. Fundamentals: Lower-than-expected inflation data has reinforced expectations that the US Federal Reserve (FED) will continue to cut interest rates, which will weaken the USD and increase the appeal of gold as a safe-haven asset. At the same time, investors are still waiting for economic policy information after Donald Trump returns to the White House. I see gold in a short-term consolidation but has the potential to bounce if it breaks the important resistance zone. Watch the $2,728 zone closely to assess the next market momentum.
OANDA:XAUUSD
by nini_gone
GOLD is supported, but watch out for TrumpIn the weekend trading session on Friday (January 17), OANDA:XAUUSD Spot price decreased by 12 USD due to factors such as the recovery of the US Dollar and profit-taking activities of investors, along with some pressure from important technical areas. TVC:DXY Rising prices have put pressure on gold prices, but with uncertainty over incoming President Donald Trump's policies and markets once again betting on further interest rate cuts, Gold remains in favor. Weakly tilted to the upside as prices broke above the key level of $2,700. OANDA:XAUUSD hit a new high in more than a month on Thursday, just $65.60 shy of October's all-time high of $2,790.15. Gold prices rose 0.5% this week, the third straight weekly gain, after weaker-than-expected U.S. core inflation data on Wednesday fueled speculation that the Federal Reserve will cut interest rates. capacity many times. The market expects the Fed to cut interest rates twice before the end of this year, with Fed Governor Christopher Waller saying there could be further interest rate cuts if economic data weakens further. Trump's policies make the market worried The market is currently eagerly awaiting Mr. Trump's inauguration on January 20, which is expected to bring challenges to the gold market. Trump's strong rhetoric about supporting US manufacturing through trade tariffs continues to keep the US Dollar Index (Dxy) above 109 points, while also raising concerns about inflation and anxiety about a global trade war. Aggressive markets will pay close attention to tariffs and fiscal spending policies, as these policies will directly affect economic growth, fiscal deficits and expectations of interest rate cuts by the Fed. This week has been a pretty quiet data week. However, the event of Trump taking over the White House will be the focus, bringing expected market fluctuations that are huge fluctuations that traders need to pay special attention to. Economic data to watch out for this week Monday: US Presidential Inauguration, World Economic Forum Annual Meeting Thursday: US weekly unemployment claims, Friday: S&P Flash PMI data, US Existing Home Sales Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has not yet been able to surpass the 0.236% Fibonacci retracement level, a position that is important resistance for a continued uptrend that readers noticed in the previous issue. Gold has also decreased and corrected since being under pressure from the 0.236% Fibonacci level, but in general, the downward momentum is not significant with technical conditions still tilting in favor of price increases. In the coming time, as long as gold remains in the orange price channel, above EMA21 and POC Volume Profile, it still has a bullish outlook. Meanwhile, the up trending RSI maintained its activity above the 50 level, showing that there is still wide room for price growth ahead. Once gold breaks the 0.236% Fibonacci retracement level it could open a new bullish cycle targeting $2,750 in the short term, more than the all-time high. The technical uptrend of gold will be noticed again by the following levels. Support: 2,693 – 2,676USD Resistance: 2,730 – 2,750USD SELL XAUUSD PRICE 2741 - 2739⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2734 ↨ →Take Profit 2 2729 BUY XAUUSD PRICE 2659 - 2661⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2666 ↨ →Take Profit 2 2671
OANDA:XAUUSD
by Xayah_trading
USOIL H1 | Potential Bearish BreakoutBased on the H1 chart, the price is approaching our sell entry level at 77.058, which is a pullback resistance. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 75.240, a pullback support level, marking a logical target for the trade. The stop loss is set at 79.010, above the recent swing high, providing room for price fluctuations while protecting against invalidation of the bearish bias. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILShort
by FXCM
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. 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.
VANTAGE:XAUUSDLong
by VantageMarkets
Bullish momentum to extend?COPPER is falling towards the support level which is an overlap that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 4.2584 Why we lik eit: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 4.1845 Why we like it: There is a pullback support level that is slightly below the 50% Fibonacci retracement. Take profit: 4.4151 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.
VANTAGE:COPPERLong
by VantageMarkets
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.
FX:XAUUSD
by PipSurfingSociety
#202503 - priceactiontds - weekly update - oilGood Evening and I hope you are well. comment: 4th consecutive bullish weekly bar but the tails above are getting bigger (weekly chart). The volume is also increasing, which could be a sign of more participants thinking it’s a good time to scale into shorts and out of longs. If there would be a run on oil because macro reason xyz, volume would have been bigger already is what I reckon. Does not matter much though, because bears need to do more before we can turn more bearish. First decent pull-back will be bought, so it will most likely be better to look for longs after a pull-back than to try and pick the top. current market cycle: trading range - on lower time frames it’s also obviously a bull trend key levels: 77 - 81 bull case: Bulls are in full control and want to break above the 2024-04 high 80.03. We are close enough to expect market to get there soon. Problem for the bulls is, this rally is parabolic and unsustainable. The last time we printed 5 consecutive bull bars on the weekly chart was mid of 2023. For now we can’t expect to see bigger bearish price action because bulls have been making money buying every small dip. Invalidation is below 76. bear case: Bears have made the first lower high which now looks like an ugly head & shoulders. I think the odds of this breaking down for a measured move to sub 72 are very low. Much more likely is that bears would exit fast on another push up and try again to keep it below 80. The current lower bull channel line runs through 75ish and it’s reasonable to expect a bigger pull-back over the next 1-2 weeks. Invalidation is above 80. short term: Bullish for 80 and then looking to short for a bigger pull-back down to the bull channel. A strong close above 80 would change my mind. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. Trade the bull channel until it’s clearly broken again. current swing trade: None chart update: Added potential bear targets.
NYMEX:MCL1!
by priceactiontds
GOLD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast: While the price is below the resistance 2789.95, beginning of downtrend is expected. We make sure when the support at 2475.27 breaks. If the resistance at 2789.95 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: A trough is formed in daily chart at 2582.95 on 12/19/2024, so more gains to resistance(s) 2726.10 and maximum to Major Resistance (2789.95) is expected. Take Profits: 2657.88 2601.87 2532.10 2475.27 2380.00 2279.87 2219.63 2145.04 2087.89 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
FX:XAUUSD
by ForecastCity
23
GOLD 30m CHART ROUTE MAP & TRADING PLAN FOR DAILYGold (XAU/USD) Outlook for the Upcoming Week: The outlook for XAU/USD in the coming week depends on a combination of technical, fundamental, and economic factors, including the Federal Reserve's policy, economic data, and the strength of the U.S. dollar. Here's an analysis based on the provided chart: Technical Analysis: Overall Trend: The chart shows a medium-term uptrend, with higher highs and higher lows forming. A small pullback is observed toward the end of the chart, which could potentially act as a retracement before resuming the uptrend. Key Levels: Support Levels: $2,700 is the nearest support level. A deeper support is located at $2,685. Resistance Levels: Immediate resistance lies between $2,715 and $2,720. A breakout above this zone could push prices toward $2,735. Indicators (if applicable): Indicators such as RSI or MACD (not shown in the chart) can confirm whether gold is in overbought or oversold territory. If RSI is above 70, it might suggest selling pressure could emerge soon. Fundamental Analysis: U.S. Economic Data: Key economic releases, such as inflation data (CPI) or employment reports, could influence the dollar. Weak U.S. data typically supports gold prices. Federal Reserve Policy: Any dovish signals from the Fed, such as reluctance to raise interest rates further, would be bullish for gold as a non-yielding asset. Geopolitical Risks: Heightened geopolitical tensions could increase demand for gold as a safe-haven asset. Forecast for the Week: If prices hold above the $2,700 support level and break the $2,720 resistance, a continuation of the uptrend is likely. Failure to hold $2,700 could lead to a decline toward $2,685 or even $2,665.
SAXO:XAUUSD
by hesamdrgym
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
OANDA:XAUUSDShort
by professionaltradersfx