Get started

DXY

GOLD → Bullish, News-Driven PriceGold (XAU/USD) Outlook: Navigating Key Support Amid Economic Uncertainty Gold prices remain in a bullish trend, rebounding from previously tested trend support and signaling a potential upside continuation. The metal’s safe-haven appeal remains intact as global economic uncertainties persist, driving investor interest. However, market sentiment is influenced by key geopolitical and macroeconomic developments. Geopolitical & Economic Factors Influencing Gold Investors remain highly cautious ahead of the upcoming US-Russia discussions in Saudi Arabia, where efforts to negotiate a resolution to the Ukraine conflict will take center stage. Any significant breakthroughs or escalations from these talks could inject volatility into the markets, impacting gold’s movement. Meanwhile, a weak risk appetite is currently supporting the US dollar. The greenback is benefiting from cautious rhetoric by Federal Reserve officials, who continue to express concerns about inflation. Policymakers are urging patience in easing monetary policy, which reduces the likelihood of imminent rate cuts. The market’s focus now shifts to upcoming Fed speeches and the release of the January FOMC meeting minutes, which could provide further insights into the central bank’s stance on interest rates. Technical Analysis: Key Levels & Market Structure In the Asian trading session, gold successfully broke above the 2905 level, which now serves as a critical support zone. This level has historically played a key role in price action, and its ability to hold could determine gold’s short-term trajectory. Immediate resistance levels: 2922 and 2938 Support levels: 2905 and 2893 The most probable scenario is a retest of the 2905 support zone, given the existing liquidity interest below this level. However, the broader bullish trend suggests that any dips are likely to be met with renewed buying pressure. Additionally, an imbalance in favor of buyers could continue pushing the price upward. A decisive breakout and consolidation above 2915 could act as a catalyst for further gains, potentially driving the price toward the next key resistance levels. Conversely, if gold fails to maintain support, a deeper retracement toward 2893 could unfold before any renewed bullish momentum takes over. Conclusion Gold’s price action remains highly sensitive to both economic and geopolitical developments. While the broader uptrend remains intact, short-term fluctuations driven by risk sentiment, Federal Reserve commentary, and geopolitical negotiations will play a crucial role. Traders and investors should closely monitor price reactions at key support and resistance levels, as well as upcoming macroeconomic events, to assess the next move in XAU/USD.
OANDA:XAUUSDLong
by lonelyPlayer0
Gold Teeters on the Edge: 2942 Retest Before the Big Leap!XAU/USD: Gold Eyes New Highs as Market Dynamics Align for Further Upside Gold (XAU/USD) is once again testing its all-time high (ATH), a critical technical level that historically increases the probability of continued upward momentum. With the psychological 3000 level gradually coming into focus, the market remains on edge, closely monitoring key economic data and geopolitical developments that could fuel the next leg higher. Current Market Conditions & Fundamental Drivers Gold’s latest consolidation phase follows an impressive rally, maintaining its long-term uptrend while digesting recent gains. The metal remains well-supported by a combination of macroeconomic and geopolitical factors that continue to favor bullish sentiment: Trump’s Tariff Plans: Former U.S. President Donald Trump has reiterated his stance on imposing tariffs if re-elected, a policy move that historically strengthens gold as investors hedge against trade uncertainty and inflationary pressures. Federal Reserve’s Dovish Shift: Market expectations for the Federal Reserve to initiate rate cuts remain elevated. While Fed Chair Jerome Powell has hinted at the necessity of monetary easing, he has refrained from providing a specific timeline. This uncertainty has kept the dollar under pressure, indirectly benefiting gold. Weakening Dollar & Falling Bond Yields: Recent Producer Price Index (PPI) data reinforced a dovish sentiment, signaling softening inflationary pressures. The dollar and U.S. Treasury yields have reacted accordingly, weakening in response and creating a more favorable environment for non-yielding assets like gold. Markets have also digested the delay in tariff implementations and mixed messages from policymakers. While the rhetoric from Powell and Trump suggests a growing consensus on the need for lower interest rates, the lack of concrete action leaves room for speculation-driven volatility. Technical Landscape: Key Levels & Price Structure Gold is currently consolidating just below its ATH, with a delicate balance between profit-taking and renewed buying pressure. The key technical levels to watch include: Resistance Levels: $2942.6 – The immediate barrier gold needs to clear to confirm a breakout. $2950 – A psychological and technical level that, if breached, could accelerate bullish momentum toward the much-anticipated 3000 mark. Support Levels: $2929 – A critical short-term support zone that has previously acted as a springboard for renewed buying interest. $2922 – A deeper support level where buyers may step in to defend the uptrend. $2908 – A major pivot point; a break below this level could signal a temporary shift in momentum. Potential Scenarios & Market Outlook Direct ATH Retest & Breakout If gold manages to sustain its momentum and push past $2942-$2950, a test of ATH will be imminent. A decisive breakout above this level could open the doors for a rapid move toward $2975 and beyond, with $3000 becoming a realistic short-term target. Support Retest Before Further Upside Should gold fail to break above immediate resistance, a pullback toward $2929-$2922 remains a plausible scenario. This retracement would likely serve as a healthy correction, providing stronger support for the next leg higher. Deeper Correction Toward $2908 While less likely in the absence of a major catalyst, a sharper decline could see gold testing $2908. Such a move would challenge the uptrend in the short term but might present an attractive buying opportunity for long-term bulls. Market Catalysts Ahead: U.S. Retail Sales Data The upcoming U.S. retail sales report is poised to be a key market-moving event. Strong consumer spending data could momentarily boost the dollar, exerting short-term pressure on gold. Conversely, weaker-than-expected retail numbers would reinforce the Fed’s dovish stance, adding fuel to gold’s bullish narrative. Final Thoughts: Bullish Momentum Intact, Eyes on ATH Gold remains in a strong uptrend, with macroeconomic factors and technical signals aligning in favor of further gains. While a support retest is possible before another rally, the overall trajectory remains bullish, with the 3000 milestone inching closer. Traders and investors should keep a close eye on resistance levels and upcoming economic data, as they could dictate the next major move in gold’s journey toward new highs.
OANDA:XAUUSDLong
by lonelyPlayer0
EUR/USD Poised for a Pivotal Resistance BreachEUR/USD: Eyeing a Breakout Amid Dollar Weakness The EUR/USD pair is navigating a critical juncture as it attempts to capitalize on the ongoing correction in the U.S. dollar. After a prolonged period of downward pressure, the price is now testing a crucial resistance level, hinting at the possibility of a breakout that could pave the way for renewed bullish momentum. Technical Overview Following an initial attempt to breach the overarching downtrend resistance, EUR/USD has transitioned into a consolidation phase, creating a defined trading range between 1.053 and 1.021. Within this broader structure, a more localized consolidation channel has emerged, with the price repeatedly challenging resistance at 1.038. This level is proving to be a pivotal inflection point, where market participants are carefully assessing the potential for a sustained bullish reversal. The ongoing price action suggests that the market is still in the process of determining whether the recent correction in the dollar is sufficient to establish a structural shift in trend. A successful breakout above 1.038, followed by a decisive price stabilization above this threshold, would significantly increase the probability of continued upward movement. Market Sentiment and Fundamental Factors Beyond technical considerations, the fundamental landscape remains highly complex. Global economic uncertainties, compounded by the lingering effects of trade disputes and inflationary pressures, continue to shape investor sentiment. The ongoing tariff war and economic slowdown in key regions add another layer of unpredictability, making market reactions more sensitive to macroeconomic developments. Despite these challenges, the weakening U.S. dollar provides a window of opportunity for the euro to gain traction. If the dollar correction deepens, it could further bolster the euro's position, enabling it to sustain higher levels and potentially embark on a more pronounced bullish trajectory. Key Levels to Watch Resistance Levels: 1.038, 1.053 Support Levels: 1.033, 1.021 A confirmed breakout above 1.038, supported by strong buying momentum and sustained price action above this zone, could unlock additional upside potential, allowing EUR/USD to advance further within the broader framework of accumulated market energy. Conversely, a failure to hold above this level may result in renewed downward pressure, keeping the pair trapped within its consolidation range. As the market awaits further clarity, traders and investors should remain vigilant, keeping a close eye on both technical signals and fundamental catalysts that could influence the pair's next major move.
Long
by lonelyPlayer0
Daily Market Outlook: BTC, Forex & SPX Setups (#4)Hope you’re all having a great start to the week! I’m Skeptic , and today we’ll break down BTC, Forex, and a key setup on SPX. 📉 BTC Analysis – Stuck in a Range, But Not for Long! BTC is currently range-bound after getting rejected from $107K. The range is wide and indecisive, signaling that the market is waiting for a strong catalyst before making its next move. 📊 Key Observations: Low volume & high volatility = poor R/R for trades inside the range. Breakout traders should wait for confirmation: ✅ Bullish Breakout : Above $98,455, or even earlier if momentum kicks in. 🔻 Bearish Breakdown : Below $95K, which could trigger a stronger move down. ⚠ Until a breakout happens, trading inside this range isn’t ideal due to stop hunts and fake moves. 📊 BTC.D Dropping – Is Altcoin Season Heating Up? BTC dominance (BTC.D) has been declining recently, which suggests capital rotation into altcoins. 📊 Why This Matters? Coins like XRP, BNB, and CAKE have started to gain traction. Watching BTC.D is crucial—it helps determine if money is staying in BTC or shifting to alts. A continued BTC.D drop could mean more upside for alts. 📉 DXY (Dollar Index) – Entering a Deeper Correction? We’ve been talking about DXY weakness for a while, and now, after breaking below 107.311, we’re seeing a deeper correction. 📊 Potential Targets Based on Fibonacci: ✅ 105.677 (first level) ✅ 103.306 (deeper retracement) 💡 Since DXY is weak, we might see strength in EUR pairs and stock indices this week. 📈 SPX500 – Major Breakout Watch! SPX500 has been in a long consolidation phase after hitting an all-time high of 6113.92. Now, it’s approaching 6128.89—its key resistance level. 📊 Trade Setup: ✅ Long Entry: Above 6128.89, with confirmation. ✅ Why This Level? A breakout and confirmation could signal continuation of the uptrend. ✅ Extra Tip: Using momentum indicators like SMA & RSI can help filter out fake breakouts. Final Thoughts & Risk Management ⚠ BTC is still ranging—stay patient and wait for clear structure before trading. ⚠ DXY weakness could support stocks & EUR pairs this week. ⚠ SPX breakout setup looks promising but needs confirmation. 💬 I’m Skeptic , and I’ll see you tomorrow with another market breakdown! 🚀 ⚠ Disclaimer: These trade setups are based on my personal analysis and are not financial advice. If you don’t have a solid risk management plan, these triggers may not be suitable for you. Always do your own research (DYOR) and trade at your own risk. 💡
by SkepticWise
4
EURUSD - what to expect?Here is our in-depth view and update on EURUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels . Alright first, let’s take a step back and take a look at EURUSD from a bigger perspective. For this we will be looking at the H4 time-frame and following our original analysis posted on February 4th (check image below). Now after we broke to the upside we are waiting to make a pullback on the pair (based on the H4 time-frame). As of now we are sitting on our hands and patiently waiting on the pullback to happen or possible reverses and join the uptrend. TVC:EXY has seen some strength last week regardless of the positive data for the TVC:DXY which gave back gains after U.S. President Donald Trump said in a social media post that he had spoken with Russian President Vladamir Putin about starting negotiations to end the war in Ukraine. This still holds positive weight on the EUR overall. Considering this, we can pre-plan some possible outcomes including both fundamental analysis and technical analysis. Scenario 1: BUYS at the break the highs (1.05140) - We broke above 1.05140. With the break of this level we can expect a possible move towards the upside without even creating a deeper pullback. The technical analysis and fundamentals would be on our side. Scenario 2: BUYS at the pullback (1.04360) - We came down to our PBA (Pullback Area) at around 1.04360. With the pullback completed and the price respecting this area, we could potentially see more upside on this pair from this KL (Key Level). Long-term buys at this price would be valid. Again technical and fundamentals analysis would both be on our side. KEY NOTES - EXY (EUR) showing strength after last week’s positive “news”. - Breaks to the upside would confirm higher highs. - Respecting our PBA (Pullback Area - 1.04360 would give us a buy opportunity. - Possible resolutions between Ukraine and Russia. Happy trading! FxPocket
by FxPocket
1
DXY Is Bearish! Short! Please, check our technical outlook for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 106.448. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.539 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:DXYShort
by SignalProvider
1
NAS100 - Nasdaq is setting a new ATH!The index is trading above the EMA200 and EMA50 on the 4-hour timeframe and is trading in its ascending channel. If the index corrects towards the marked trend line, which is also intersecting the demand zone, we can look for further buying opportunities in Nasdaq. At the start of the week, the U.S. dollar strengthened significantly after President Donald Trump announced a 25% tariff on steel and aluminum imports. He also stated that any country imposing tariffs on American products would face reciprocal tariffs from the U.S. Later, Federal Reserve Chairman Jerome Powell, in his congressional testimony, emphasized that the central bank is in no hurry to implement further rate cuts. Additionally, data from the U.S. Consumer Price Index (CPI) for January came in higher than expected, further supporting the dollar. Although the dollar experienced a slight correction on Thursday and Friday, these factors, combined with a strong non-farm payroll report for January, led investors to anticipate a rate cut of only 30 basis points for the year. This outlook is more hawkish than the Federal Reserve’s own forecast of a 50-basis-point reduction. In other words, traders in financial markets have fully priced in just a single 0.25% rate cut by December. Kevin Hassett, Chairman of the White House Council of Economic Advisers, revealed in an interview with CBS’s Face The Nation that he meets regularly with Federal Reserve Chairman Jerome Powell. He stressed that these meetings are not intended to influence interest rate policy and that Powell’s independence is respected, although the President’s views are still conveyed. Hassett also pointed out that long-term yields have declined, with a 40-basis-point drop in the 10-year Treasury yield, indicating market expectations of lower inflation. Retail sales data showed a 0.9% decline following an upwardly revised 0.7% increase in December. Out of 13 reported categories, nine recorded declines, with the largest drops observed in automobiles, sporting goods, and furniture stores. Following a tense week filled with impactful economic news, the upcoming week is expected to be quieter and shorter, as U.S. markets will be closed on Monday in observance of Presidents’ Day. Key economic events for the week include the release of the Empire State Manufacturing Index on Tuesday, the minutes from the latest Federal Reserve policy meeting, and U.S. housing starts and building permits data on Wednesday. On Thursday, weekly jobless claims and the Philadelphia Fed Manufacturing Index will be released. Finally, Friday will see the publication of preliminary S&P Flash PMI reports and existing home sales data.
CAPITALCOM:US100Long
by Ali_PSND
1
Bearish drop?The US Dollar Index (DXY) has reacted off the pivot and could drop to the pullback support that lines up with the 100% Fibonacci projection. Pivot: 107.51 1st Support: 105.72 1st Resistance: 109.67 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.
TVC:DXYShort
by ICmarkets
2
EUR/USD on high time frame "Regarding EUR/USD on high time frames, as per my recent analysis, the price has shifted towards a bullish momentum. I anticipate the price to surpass the mitigated order block on the 4-hour chart and reach the 1/1 price zone on the weekly and daily time frames. However, this analysis would be invalidated if the price closes below 1.02 on the daily time frame." If you have any specific questions or if you need further assistance with your text, please let me know!
Long
by somayehbasiri
SHORT! US Dollar.....For nowUSD is in a clear wave 2 down for many reasons. - Tariffs speculation - Inflation data higher than expected - US M2 money supply increase - US manufacturing output drops and Retail sales drop Moreover, the dollar for now is bearish until reversals in the aforementioned list of causes for its recent decline. Primarily, look for the FED to hold off on any future rate cuts until later in the year. Treasury Yields(Bond Sell off) rising recently is an indication that the market does not expect any FED rate cuts happening anytime soon. This could spur demand for the US Dollar as other Central Banks globally look to continue to cut rates (i.e. ECB and BOE).
TVC:DXYShort
by UCHE9121
2