Bullish momentum to extend?XAU/USD is falling towards the support level which is an overlap support that aligns with the 61.8% and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,812.53
Why we like it:
There is an overlap support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 2,776.95
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Take profit: 2,871.83
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.
D-XAU
Gold might revert to the trend line following a rising riseHello everyone, today I'm ready to provide you with Gold analytics. A few days ago, we saw a big upward movement in the market, but before that, Gold traded near support 2, which coincided with the support zone. Then it rebounded and surged to 2727 points before correcting even below support 2, but then it reversed and began trading inside the wedge. Price plummeted below the trend line and immediately rebounded, shattering the second support level and continuing to climb higher along this line.Gold ascended for a long time along this line, but on the fourth touch, it rebounded and reached the first support level, which corresponded with another support zone. Then it corrected to practically the trend line before quickly rising back to the first support, breaking it, and exiting the wedge. It then retested and increased its score to 2880 points. Now, I expect XAUUSD to make a correction to the trend line, which is positioned within the support zone. That's why I set my target at 2800 points, which corresponds to them. If you appreciate my analytics, please support me with a like or remark.
Gold Retreat Slightly but Bullish Momentum Remains IntactGold Futures Slip but Stay Near Record Highs; Bull Market to Persist, Citi Says
Gold Technical Analysis
Gold reached an all-time high (ATH) of 2,882 yesterday before reversing.
Currently, Gold is expected to correct towards the breakout level near 2,809. Initially, the price may attempt to test 2,841, and a 1-hour or 4-hour candle closing below this level could lead to a drop toward 2,823.
On the other hand, if a 1-hour candle closes above 2,861, the price could reach 2,873. Furthermore, a 4-hour candle closing above 2,873 would confirm a bullish continuation toward 2,895 and 2,918.
Key Levels
Pivot Point: 2861
Resistance Levels: 2873, 2895, 2918
Support Levels: 2841, 2823, 2809
Trend Outlook
Bullish confirmation above 2873
Expected movement range: 2861 – 2841
Bearish scenario if the price remains below 2861
Gold Update: $3,000 Is Not the Final DestinationGold futures broke above minor consolidation, so the map should be updated.
Wave 3 becomes extended (blue small waves) and it is looking to test the trendline resistance near magic $3,000 level.
But that's not all as we didn't see wave 4 yet.
It should be complex to alternate wave 2, which was simple.
Wave 4 could hit the $2,500-2,550 area to complete correction.
We can measure it after wave 3 will be completed.
And finally, wave 5 is usually extended in commodities.
It could be huge, wave 3 already travelled over $1,000,
imagine where wave 5 could rocket then.
It will depend on how deep wave 4 would retrace first.
Stay tuned, share your thoughts below, lucky trades to all of you!
XAUUSD - Where will gold go?!US President Donald Trump has raised serious concerns among global economies and financial markets by threatening to impose punitive tariffs on the country’s largest trading partners. So far, he has imposed a 10% tariff on goods imported from China, delayed the implementation of 25% tariffs on imports from Mexico and Canada, and indicated that the European Union will be the next target of his trade policies. However, beyond the political hype, tariffs have important practical and economic effects.
Tariffs are actually a type of tax on imported goods that, like other taxes, are a source of revenue for the government. Many countries impose these taxes to protect domestic production, as tariffs increase the price of foreign goods and therefore strengthen the competitiveness of domestic products. Trump, however, is using this tool not only to support domestic industries but also as leverage in his foreign policy. One example of this policy is his decision to postpone the imposition of new tariffs on imports from Mexico and Canada, which was made after the two countries agreed to implement stricter measures to control immigration and combat drug trafficking at their common borders.
Tariffs were once a major source of revenue for the US government, but their share has declined significantly over the past century. According to an analysis of official data by the Federal Reserve Bank of St. Louis, as of last year, tariffs accounted for less than 3 percent of total federal revenue.
If the tariffs were to be permanently imposed, as Trump initially proposed, the total additional costs to American importers over the next decade could reach $1.1 trillion. The nonpartisan Tax Foundation estimates that the policy could lead to tax increases of up to $110 billion by 2025 alone. The think tank also estimates that tariffs on China, which began under Trump and expanded under Biden, currently generate $77 billion in revenue for the U.S. government annually.
Economic studies show that ultimately, American consumers and businesses will bear the brunt of these tariffs. While some foreign producers may lower their prices or accept some of the costs from American importers, in many cases, companies will raise the prices of their goods to compensate for the additional costs, and those costs will be passed on to consumers.
A look at recent U.S.-China trade relations provides a clear example of the impact of tariffs. During Trump’s first term, he imposed a series of tariffs on Chinese imports, including steel, aluminum, and industrial engines. The policy has reduced China’s share of U.S. imports from about 20 percent in 2018 to 14 percent by 2023.
Meanwhile, official demand for gold continues to play a major role in the precious metal’s market, keeping prices near record levels. It’s not just emerging market central banks buying gold to protect their currencies.
Krishan Gopal, senior analyst for Europe, the Middle East, and Africa at the World Gold Council, pointed to data released by the International Monetary Fund (IMF) in a social media post that showed Taiwan’s central bank increased its gold reserves in October. According to the report, the official gold reserves of the Central Bank of Taiwan reached 424 tons three months ago.
Despite the recent volatility in the gold market, analysts believe that the continued purchases of central banks will continue to be the main factor in maintaining the bullish trend of the precious metal. Joy Yang, global head of index product management at MarketVector Indexes, said that with the increasing geopolitical uncertainties caused by Trump’s economic policies and the slogan of “America First”, central banks are looking for more neutral assets to preserve the value of their reserves. According to him, these policies of the Trump administration have made gold a more attractive option for countries that want to protect themselves against economic risks and reduce their dependence on the US dollar and Treasuries.
Katie Kriski, commodity market strategist at Invesco, also believes that the high demand for gold by central banks continues to create significant value for retail investors. He also predicted that this trend will not stop in the near future, citing the People’s Bank of China as one of the most prominent examples of this behavior in the global gold market.
Gold is above the EMA200 and EMA50 on the 1-hour timeframe and is in its ascending channel. A correction towards the demand zone for gold will provide us with the next buying opportunity with a good risk-reward ratio.
GOLD - Prise will correct and then continue grow to $2830 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it soon reached support area and then made a correction.
Then price bounced from support line and soon rose to $2730 level, broke it, and continued to move up.
Price made a small correction and soon rose to resistance line of channel and exited from this pattern.
After this, price started to trades in between resistance line and with support line and at once fell to support line.
Next, Gold in a short time rose to $2785 level and broke it, after which corrected and now continues to grow.
So, in my mind, XAU can correct to support level and then continue to move up to $2830 resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Signal gold📉 Signal 1: Entering a Short Trade
🔹 Entry Conditions:
If the price fails to break 2,806 - 2,813 and shows bullish weakness, a short trade can be considered.
Entry around 2,789 is suitable.
🔹 Stop Loss:
Above 2,800
🔹 Take Profit:
First target: 2,777
Second target: 2,764
Third target: 2,764 (if the downtrend continues)
🔹 Risk Management:
If the price stabilizes above 2,813, reassess the trade.
If 2,777 support is broken, the downtrend will strengthen.
📈 Signal 2: Entering a Long Trade
🔹 Entry Conditions:
If the price holds the 2,777 - 2,789 support and reversal candles appear, a long trade can be considered.
Entry around 2,818 is suitable.
🔹 Stop Loss:
Below 2,806
🔹 Take Profit:
First target: 2,850
🔹 Risk Management:
If 2,764 is broken, reassess the long trade.
If the 2,813 resistance is broken, the uptrend will strengthen.
✅ Overall Conclusion:
If the price reaches 2,806 - 2,813 and shows weakness, a short (sell) trade is preferable.
If the price reaches 2,777 - 2,789 and shows bullish reversal signs, a long (buy) trade is logical.
Entry confirmation should be based on price action and candlestick patt
Bullish momentum to extend?The Silver (XAG/USD) is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 31.73
1st Support: 31.19
1st Resistance: 32.33
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.
Levels to watch out I’ve exited my long positions and am staying on the sidelines for now. I won’t be selling into the current strength just yet, as there’s still room for exhaustion around the 2850 level. I’ll consider entering shorts if the market closes below 2725, with targets closer to 2000.
History is likely to repeat itself, with retailers jumping into the FOMO at 3000.
Bullish momentum to extend?The Gold (XAU/USD) is reacting off the pivot and could potentially rise to the 1st resistance which lines up with the 127.2% Fibonacci extension.
Pivot: 2,787.21
1st Support: 2,715.57
1st Resistance: 2,858.98
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.
GOLD BREAKOUT CONFIRMED|LONG|
✅GOLD went up just as
We predicted in our previous
Analysis and the confirmed
The breakout of the key
Horizontal level of 2788$
While trading in an uptrend
Which reinforces our bullish
Bias and we will be expecting
A further bullish move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Bullish momentum to extend?XAU/USD is falling towards the support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,778.98
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 2,751.17
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 2,813.09
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.
XAUUSD 2/2/25XAUUSD remains clearly bullish this week. We can see this through price action and, of course, the Orion bias, which is also bullish. We've maintained a bullish bias since the last weekly low was created, and we’ve successfully followed this entire upward move over the past couple of weeks.
If you followed along, congratulations on a strong long-term trade! However, we are now focusing on intraday and day trading opportunities. Please note that we currently have no target, as price is sitting around the all-time high. We expect price action to continue reaching new highs, but exercise caution, as we are in an exploration phase, meaning price is moving into uncharted territory. Look for rebalancing, which presents opportunities to buy back into the next expansive move.
We have the V2 Entry Level Indicator running, and the dotted lines represent our high-volume lows—key areas of interest for identifying expansive moves into new highs. Right now, we have two priority lower areas, which we will monitor for potential re-accumulation of long positions. However, since we are in an exploration phase, price may continue moving higher without retracing to these levels.
Watch for one of two scenarios:
A pullback into the lower areas, followed by an expansive move upward.
Continuous expansive moves, with new lows developing along the way.
Regardless of how price unfolds, our bias remains the same unless the bias changes with the daily—we anticipate further expansion to the upside.
Trade within your risk parameters, follow your rules, and always let Orion guide you.
Gold can reach resistance line of channel and then start declineHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price entered to upward channel, broke the 2620 level and reached the resistance line of the channel. After this, Gold made a correction to the buyer zone and then turned around and quickly rose back. Then the price made a correction again and continued to move up inside the channel, and soon it reached the second support level (2700) which is located inside the support area and at once corrected to the support line of the channel. Next, the price some time traded near this line and soon reached the 2700 level and broke it, after which made a retest and continued to move up next. Later Gold rose to the current support level, which coincided with one more support area, and corrected the support line of the channel. Price some time traded near this line, again, and later rebounded up to the 2780 level and broke it too. At the moment, the price continues to move up and I think that Gold can reach the resistance line of the channel and then start to decline to the support line, breaking the support level. That's why I set my TP at 2770 points. Please share this idea with your friends and click Boost 🚀
XAUUSD - Gold hits new ATH!Gold is trading above EMA200 and EMA50 on the 1-hour timeframe and is in its ascending channel. A correction towards the demand zone will provide us with the next buying opportunity with a good risk-reward ratio.
Donald Trump has announced his intention to impose a 25% tariff on imports from Canada and Mexico due to the fentanyl issue, emphasizing that these tariffs will take effect starting Saturday. He also stated that China will eventually have to pay tariffs as well, and that the U.S. is already implementing trade restrictions against Beijing.
Trump further asserted that the era of passively watching BRICS nations attempt to distance themselves from the U.S. dollar is over. He declared that these countries must commit to neither creating a new BRICS currency nor supporting any alternative to the powerful U.S. dollar. Otherwise, they will face 100% tariffs and lose access to the thriving American economy. He insisted that BRICS has no chance of replacing the U.S. dollar in global trade, and any country attempting to do so will face severe economic consequences.
(Translation continues…)
Continuation of the English Translation:
Trump’s repeated tariff threats have raised concerns among American consumers and introduced economic risks for the United States. Even the mere discussion of such tariffs can have significant economic effects by influencing consumer behavior. Evidence suggests that many Americans are seriously worried about the potential consequences of these policies.
According to a survey conducted by economists from the University of Texas, the University of California, and the University of Chicago, Americans expect substantial tariffs to be imposed on all major trade partners—50% on Chinese imports and 35% on imports from Canada and Europe. Contrary to Trump’s claims, most citizens believe these tariffs will directly impact them by driving up prices. When asked about a hypothetical 20% tariff, half of the respondents stated that the majority of the costs would be passed directly to consumers.
Political differences are also evident in the perception of these tariffs. Democrats and Republicans disagree on the extent to which consumers will bear the costs. Democrats estimate that 68% of the tariff burden will fall on consumers, whereas Republicans believe it will be around 41%. Regardless of political stance, the financial strain from these tariffs is expected to be significant, particularly for consumers already weary of inflation.
Both the public and economists recognize that tariffs on imports can also raise prices for domestically produced goods. The economic impact of tariffs was clearly demonstrated during Trump’s first term. A study found that the tariffs imposed in 2018 on washing machines from South Korea and China led to a nearly equivalent price increase for washing machines in the U.S.—and even drove up the price of dryers as well.
Even if these new tariffs are not implemented, their mere threat can lead to price hikes. Many consumers, anticipating higher costs, are choosing to make purchases in advance. In a survey, 43% of respondents stated that they would buy products before the tariffs take effect to avoid potential price increases.Another survey in January found that 20% of people believed that now was the right time to buy durable goods because prices were likely to rise.
Businesses are responding in a similar fashion. Many companies are stockpiling inventory ahead of potential tariff hikes or shifting their supply chains to countries that would not be affected. This behavior has contributed to a surge in exports from China to the U.S., with December marking the second-highest export level on record—at least partly driven by efforts to preempt new tariffs.
These strategies, however, come with additional costs, much of which will likely be passed on to consumers. The COVID-19 pandemic provided a clear example of how supply chain disruptions can lead to widespread cost increases. For instance, higher import costs for auto parts eventually resulted in more expensive vehicle repairs and insurance premiums.
Stimulating inflation under current economic conditions—even temporarily—would be costly. The Federal Reserve has paused further interest rate cuts, waiting for clearer signs of sustained inflation reduction. Rising prices for key goods, particularly automobiles, halted progress in lowering inflation in the fourth quarter of last year. Additional inflationary pressures caused by tariff expectations could delay the Fed’s next rate cut and keep interest rates elevated for an extended period. The uncertainty surrounding future tariffs reinforces the Fed’s cautious stance.
Inflation is not the only concern stemming from tariff threats. A third of survey respondents indicated that the likelihood of widespread tariffs would lead them to cut spending and increase savings. The greater the uncertainty surrounding trade policy, the stronger the incentive for precautionary savings.
American consumers have been the driving force behind the nation’s economic recovery. However, the recent wave of tariff threats has created deep concerns, potentially putting the U.S. economy—widely regarded as one of the strongest in the world—at risk.
GOLD WILL KEEP GROWING|LONG|
✅GOLD is trading in a
Strong uptrend along the
Rising support line and the price
Is now making a bullish breakout
Of the key horizontal level
Of 2786$ which reinforces our
Bullish bias and makes us expect
A further bullish move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GOLDEN HOUR - Central Bankers Are Buying Dear followers,
Recent data shows that gold purchases of central banks hit their all time high since 1967.
---- History doesn't repeat itself but often rhymes -----
The only difference this time is that there is a new player in town. A digital gold named Bitcoin.
However, having long exposure in physical gold TVC:GOLD won't harm you over the next couple months.
Stay tuned for updates and shares this message to support my channel!
Gold Rises on Tariff Concerns & GDP Impact: Key Levels & TrendSafe-Haven Gold Rises Amid Trump Tariff Concerns
Gold prices climbed on Thursday as investors sought safety amid concerns over potential U.S. import tariffs under President Donald Trump. Additionally, market participants are closely watching a key inflation report to assess the Federal Reserve's future policy direction.
Gold Technical Analysis
Gold has followed our forecast precisely, reaching our target at 2,772, and is continuing its upward movement toward 2,788, as previously anticipated.
Market volatility is expected today due to the GDP release and ongoing tariff concerns. The bullish trend is likely to continue, aiming for a new all-time high (ATH). However, if the 4-hour candle closes below 2,788, bearish momentum may develop, targeting 2,772 and 2,759.
Conversely, a 1-hour or 4-hour candle close above 2,788 would confirm further upside potential, driving the price toward 2,805.
Key Levels
Pivot Point: 2772
Resistance Levels: 2788, 2805
Support Levels: 2759, 2748, 2739
Trend Outlook
Bullish: As long as the price remains above 2,772
Next Bullish Confirmation: A break above 2,788
Bearish: If the price falls below 2,772
Previous idea: