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Gold Drops Shock: Breaking Up the Upward ChannelThe 4-hour chart of gold shows a clear scenario of breaking the upward channel. After reaching a peak of nearly $3,495/ounce, the gold price has plummeted and is currently fluctuating around $3,325 – close to the EMA89 support and in the accumulation zone (green box) as per technical analysis. The EMA34 line has also been penetrated, confirming that the medium-term uptrend is losing strength. This decline is not only due to technical factors but also due to the influence of political and economic information. President Trump's statement about not firing the FED Chairman and the expectation of future interest rate cuts have helped the risk sentiment recover. US stocks have rebounded strongly, causing investors to withdraw capital from gold – a safe-haven asset – and return to stocks. Combining both technical and news factors, this deep decline is largely due to the reversal of market sentiment and strong profit-taking pressure after a prolonged increase. The chart pattern also suggests that the price may continue to fluctuate in the $3,280–$3,340 range to consolidate before a new round of volatility. If it breaks below the green box, gold could continue to correct deeper towards the $3,200 mark.
OANDA:XAUUSD
by vandogeve
GOLD Is Very Bullish! Long! Here is our detailed technical review for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 3,329.08. The above observations make me that the market will inevitably achieve 3,396.74 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAUUSDLong
by SignalProvider
1
Hellena | EUR/USD (4H): LONG to the resistance area 1.16000.Good afternoon colleagues! In the coming week I expect the upward movement to continue in wave “3” of the higher order. I believe that a small correction to the support area of 1.2176 and then rise to the resistance level of 1.16000 is possible. There are two possible ways to enter the position: 1) Market entry 2) Pending limit orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
6
Gold’s Super Bullish Breakout – Eyeing $3700 or $3200?My previous analysis played out very well, except I was concerned that we didn't reach the $3,180 area. With the ongoing trade wars and recent comments from Powell, the USD is weakening significantly, and we’re seeing a gold move unlike any I’ve experienced before—possibly the most bullish pattern yet. Based on my analysis from the edge of the market, we can identify key breakout levels that must hold to continue pushing toward $3,700. Watch the 1H and 4H wick and body formations: 1. If the 1H candle body can break above $3,500, we’ll likely continue making higher highs and higher lows toward $3,700. 2. If the 1H candle body fails to hold the $3,400 level, we might see the pullback I’ve been anticipating—possibly down to the $3,200 level >> and pullback towards $3700.
OANDA:XAUUSDLong
by mrdundeee
2
+300/+500 pips EURJPY Swing Trade Setup H4 TF🏆 EURJPY Market Update H4 chart 📊 Technical Outlook 🔸trading in well defined range 🔸Short-term: BULLS final pump 🔸Mid-term: BEARS 158.00 🔸Status: REVERSAL from S/R 🔸163.50/165.00 heavy resistances 🔸158.00/156.00 key s/r zones below 🔸Price Target Bears: 158 🔸Price Target BULLS: 1140/1160 🔸strategy: SHORT SELL 163.50 🔸SL 75 pips TP1 +300 pips TP2 +500 pips 🔸swing trade setup for patient traders 📊 Forex Market Update (April 23, 2025) 🇪🇺 EUR/USD 📉 Price: ~1.1380 💪 Pressure from strong USD 🔻 Weak German PMI; ECB may cut rates ⚠️ Key Levels: Support 1.1300 | Resistance 1.1400 🇬🇧 GBP/USD 📉 Price: ~1.3300 (Down from 7-month high at 1.3424) 🇺🇸 USD rebound on Trump's comments 🏦 Market cautious on BoE policy ⚠️ Key Levels: Support 1.3280 | Resistance 1.3420 🇺🇸 DXY (US Dollar Index) 📈 Price: 99.18 (Recovering from recent low 97.92) 🗣️ Boosted by Trump reassurance on Fed leadership ⚠️ Remains pressured by trade tensions & Fed concerns 📌 Key Levels: Support 95, 90 | Resistance 101, 107 🔔 Market Volatility Alert: Watch for geopolitical updates & central bank news closely!
Short
by ProjectSyndicate
20
Heading into Fibonacci confluence?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which acts as and overlap support. Pivot: 65.19 1st Support: 61.85 1st Resistance: 67.84 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:XTIUSDShort
by ICmarkets
2
GOLD, hibernated - and its good. More energy for MORE RISE AHEADSignal: LONG GOLD After going parabolic this past few days -- hitting a series of ATH on daily basis, Gold finally took some well deserved respite, and hibernated to tap previous resistance turned support area. Price is now basing again at this discounted zone -- an ideal seeding area. Fib tap at 38.2 has been spotted. This is where most buyers converge. The growth prospect of this next phase in progress is a bit on the generous side. A possible 2500 pip scenario from the current price range. Long at current price 3330. Target 3650. TAYOR. Trade safely.
OANDA:XAUUSDLong
by JSAL
1
Gold adjusts at a high level, continues to be short on rebound Gold risk aversion eased, and gold fell directly. After gold fills the gap, if gold cannot continue to rise, then the gold shorts will continue to exert their strength. The current gap resistance of gold is at 3382, but the market is volatile now. If the gap is filled, gold may have momentum to repair in the short term, so you can pay attention to the suppression of 3400. Trading ideas: Short gold near 3400, stop loss 3410, target 3370
TVC:GOLDShort
by Fortune-signal