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Gold Skyrockets to New Heights – Is $3,000 the Next Stop?🚀 Gold Breaks Records Again – Is $3,000 Next? 🚀 Gold has done it again! A new all-time high (ATH) has been set, proving once more that the market’s hunger for safe-haven assets is at an all-time high. With rising geopolitical tensions, inflationary fears, and economic uncertainty, investors are pouring into gold, looking for stability amidst the chaos. But is this just the beginning? 🔥 Gold’s Unstoppable Surge – What’s Driving It? 🔹 The USD’s Strength Can’t Stop Gold – Despite a strong dollar, gold continues to push higher, signaling extreme demand from institutions and retail investors alike. 🔹 Geopolitical Uncertainty & Trade Wars – Trump’s latest tariff policies on Canada, Mexico, and China have spooked global markets, fueling demand for safe-haven assets. 🔹 Stock Market Volatility & Crypto Struggles – The S&P 500 and Bitcoin are facing major resistance, while gold is thriving. This shift in capital flows suggests that gold is currently the #1 preferred asset for wealth preservation. 📈 What’s Next for Gold? 💡 Shorting Gold Right Now is Dangerous! The FOMO effect is in full swing, and the technical structure remains bullish. Even traditional indicators like Elliott Wave, Fib Extensions, and RSI overbought levels are being ignored as price surges past resistance levels with ease. Is there a correction ahead? Of course, markets never move in a straight line. However, until we see a true breakdown in structure, every dip remains a buying opportunity. 💰 How to Trade This Market 🔹 Manage Your Risk – Extreme volatility means trading without stop-losses is reckless. 🔹 Follow the Momentum – Don’t fight the trend. Gold is moving higher for a reason. 🔹 Stay Updated – The macroeconomic landscape is shifting fast. Follow along to stay ahead! 💬 What’s Your Prediction? 👉 Will gold smash through $3,000 in the coming weeks, or are we in for a sharp correction? Drop your thoughts in the comments! 💛 Follow for daily insights & real-time trade strategies! 🚀
OANDA:XAUUSD
by KevinNguyen-SimpleTrade
Gold Retests ATH – Awaiting the Nonfarm Storm!🌍 Market Overview: Last week, gold reached a new all-time high (ATH) but is now facing strong resistance, aligning with the predicted USD rebound from our previous DXY plan. With the Lunar New Year holidays over, liquidity has returned to the market, bringing more trading opportunities in the Asian and European sessions. USD Strength: Positive U.S. economic data and the Fed’s decision to keep rates unchanged in January continue to support the dollar, creating potential pressure on gold. However, gold’s persistent breakout attempts suggest strong bullish sentiment, with price action still respecting a sustainable parallel upward trend channel from the start of the year. 📊 Key Market Events This Week: Nonfarm Payrolls (Friday): A crucial event that will determine short-term USD momentum, significantly impacting gold price action. Investors will adjust their positions accordingly, increasing volatility. ISM Services PMI (Thursday): This report will provide further insight into U.S. economic activity and could influence USD strength. Technical Market Reaction: Gold remains in an uptrend, but recent reactions at Fibonacci Extension (FE) levels indicate temporary selling pressure at key resistance zones. 📈 Technical Analysis for XAU/USD: Key Support Levels: $2781 - $2777: Immediate support in today’s session. $2770 - $2763: Stronger support for a deeper retracement. Key Resistance Levels: $2801 - $2808: Short-term resistance range for intraday trading. $2830 - $2836: Major resistance zone, critical for trend continuation. 💡 Trading Plan for Today: BUY ZONE: Entry: $2773 - $2771 SL: $2767 TP: $2776 - $2778 - $2782 - $2785 - $2790 - $2795 - ???? SELL ZONE: Entry: $2834 - $2836 SL: $2840 TP: $2830 - $2827 - $2824 - $2820 - $2815 - $2810 ⚠️ Important Notes: Market volatility is still high, and liquidity is returning, which may lead to unpredictable price swings. Caution: Adhere to TP/SL levels strictly to protect capital and avoid overleveraging. 🤔 What’s Your Take? Will gold continue its bullish momentum, or will we see a deeper correction before Nonfarm? 👉 Follow KevinNguyen-SimpleTrade for real-time updates and premium trade setups! 🚀
FXOPEN:XAUUSDShort
by KevinNguyen-SimpleTrade
Nonfarm Ahead: The Decisive Moment for USD and Gold Trends!🌍 Market Overview: As the highly anticipated Nonfarm Payrolls report approaches, both USD and gold markets are poised for significant volatility. This report, alongside other key economic indicators, will set the tone for market sentiment and trading opportunities in the week ahead. 📊 Key Economic Updates for the Week: Nonfarm Payrolls (Friday): Expected to show solid job growth, influencing USD strength. Gold may react inversely to USD performance based on labor market data. ISM Services PMI (Thursday): Offers insights into economic activity and inflation trends. Fed Watch: Traders will monitor speeches from Federal Reserve officials for clues on future rate decisions. 📈 Technical Analysis for Gold (XAU/USD): Resistance Zones: $2,797 - $2,811: Key levels to watch for potential sell opportunities if price action shows exhaustion. $2,834: Major resistance zone aligning with previous highs. Support Zones: $2,762 - $2,748: Short-term support; potential buy zone for a bounce. $2,734 - $2,720: Deeper support aligned with FVG (Fair Value Gap). Key Observations: Gold is currently trading near the upper boundary of a rising channel. Price action suggests a potential pullback to fill liquidity gaps before continuing its trend. 💡 Strategic Insights: USD (DXY): Recent strength in the USD has created upward pressure. A robust Nonfarm report could further boost the DXY. Gold (XAU/USD): Any signs of labor market weakness could support gold as investors hedge against economic uncertainties. ⚠️ Cautionary Notes: Nonfarm Payrolls week is often marked by market volatility and unpredictable movements. Traders are advised to manage risk carefully, adhere to stop-loss levels, and avoid over-leveraging. 🤔 What's Your Take? Do you think Nonfarm data will push USD higher or bring more support for gold? 👉 Follow me for timely updates and trade setups to capitalize on this week’s volatility! 🚀
OANDA:XAUUSD
by KevinNguyen-SimpleTrade
2
Liquidity Crisis Drives Gold Down: Seize the Market Opportunity!📉 Daily Plan: Global Gold Sell-Off Creates Big Opportunities 🚀 🔍 Market Overview Gold prices dropped more than 1% amidst a strong sell-off in the global market, driven primarily by the decline in global stock markets rather than just interest rates or currency movements. This sell-off is tied to liquidity issues, as gold is being sold alongside other risk assets, reflecting a minor liquidity crisis. 💡 Key News: Fed Policy Meeting (29/01): Policymakers are expected to maintain current interest rates, but all eyes will be on signals regarding future decisions. Trump’s Tariff Policies: His actions could fuel inflation, creating additional volatility for USD and gold. 📊 Technical Analysis & Strategy Summary Yesterday’s analysis played out perfectly, with the market aligning with predictions. Clear corrections delivered 400 PIPS profit from the daily plan and nearly 1,000 PIPS from PREMIUM_SIGNAL. Today, focus remains on retracement waves to find key SELL opportunities at resistance zones. 💡 Trading Strategies SELL SCALP: Entry: 2749 - 2751 SL: 2755 TP: 2745 - 2743 - 2740 - 2735 - 2730 SELL ZONE: Entry: 2760 - 2762 SL: 2766 TP: 2756 - 2752 - 2748 - 2742 - 2735 - 2730 BUY SCALP: Entry: 2732 - 2730 SL: 2725 TP: 2735 - 2738 - 2742 - 2746 - 2750 BUY ZONE: Entry: 2719 - 2717 SL: 2713 TP: 2723 - 2726 - 2730 - 2735 - 2740 - 2746 ⚠️ Important Notes Wide price range: Recent days have seen broad ranges, like yesterday’s 60-point swing, so trade cautiously. Risk management: Always adhere to Take-Profit (TP) and Stop-Loss (SL) levels to safeguard your account. 📢 Take Action Now! 👉 Follow KevinNguyen-SimpleTrade to get daily market insights and winning strategies! 🚀 👉 Wishing you successful trades and profitable sessions ahead! 💰
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
GBPUSD - An Opportunity To Meet Magic 33I don't normally pay much attention to the forex markets, but a friend on Twitter went into a cable short last month, had some immediate success, and then more or less got stopped out when she went rippy rip to start July. After looking at it 6 times, I think that my friend's bias that the pound is bearish is legit, but that it's too soon to get short. The reason is, if you look at cable on the monthly, it ran out the COVID lows and has clearly been in a confirmed reversal for months. Now, I don't believe in supply and demand zones. If you ask me, certain high price areas are where "supply" is as evidenced by distribution and certain low price areas are where "demand" is as evidenced by accumulation. Hence, on cable, the 1.31 to 1.35 range is where the real "supply" zone is and it's the soonest place you're very likely to find genuine bearish reversals. And the Petrodollar has been in a very strangely not-bearish position all year, which I outlined here when the propaganda machine tried telling us that Wagner Group was about to decapitate Vladimir Putin. DXY - The US Petrdollar And The "Prigozhin Coup" In Russia On the above note, if you crack in the phrase "China-Taiwan War Rhetoric" into the Brave search engine (Google Duck Bing only propaganda), you can find an article that points out that international propaganda outlets have suddenly started pushing heavily narratives about a war between China and Taiwan being close to breaking out. What's really going on is that the Chinese Communist Party is about to fall, and since China is 5,000 years old, the largest country, and abundant in natural resources and skilled labour, everyone is circling the wagons, trying to figure out how to get control of China. But Xi Jinping may just dump the CCP overnight instead, seizing the initiative in the chess match. If that were to really happen, Xi would weaponize the 24-year-long persecution of Falun Gong by the Jiang Zemin faction, which much of the world's governments and corporations have been complicit in as they've courted the toads in Shanghai (Babylon) all these years. So the situation is very geothermal. Very tectonic. Very dangerous. Things can happen any day, and they may happen any day. When that day comes, bond yields up, DXY up, gold down, equities down. VIX 80. Limit down. Big gap limit down. If you want to get long on risk assets right now, you need to be hedged long volatility So, back to cable: If we zoom in on the weekly, we find ourselves quite the obvious spectacle: Inside the most obvious "supply" zone is a weekly gap, that just so happens to sit at the Masonic 1.33. If you want to have yourself a lol, then Google "Rishi Sunak 33" and click the images tab and look at what the state messagers ran for headline photos when he was appointed Prime Minister. So, cable made a new high and that should be bullish. How can we go short, right? This is actually sound logic, because if you go short over old highs you can get gapped and ran on and then liquidated, because the forex market makers are absolute lunatics and like to do this kind of thing. But here's a super notable divergence between Cable and the DXY: Since lines are just lines, just look at the blips that compose the farthest right portion. Notice that cable made a higher high but DXY actually made a higher low? This indicates that DXY is likely about to pump, or at least that Cable making a higher high is really a stop raid. Moreover, look at the maximum "FAFO" that's emerged last week, which started in June, between the "Risk Free Rate" 10Y yield (ZN1 10Y TBond futures, an inverse representation of the yield) and the DXY. Going back to 2022, this has never happened before: Something is up for sure. And so the call for this is simple. Although there's no reversal pattern emerging yet on the cable hourly: If we see one appear on Sunday, or especially Monday London or New York session, it's equitable to find a short to take out the mid June pivot. You've got a potential 300+ pips on a raid back towards the June lows to set up a run to 1.33, which will net a potential 900+ pips if you do it right. If you feel the idea is suspect, well, just take a look at ES SPX Futures, which just did really the same thing and will probably take the low this week: I think the markets are set to decline heavily this year, which means risk off, USD up, something that I outline here: SPX/ES - An Analysis Of The 'JPM Collar' But I also think that we're about a month too early. Well. Do give it your best.
Long
by LordWrymouth
2
What Now With GBPUSD ?- Key points: 1- The fall statement came in the context of weak economic growth, high inflation rates and high interest rates. The Office of the Balance Sheet projected that the UK would be in recession from the third quarter which would last for just over a year until the third quarter of 2023, with GDP falling 2.1% during that time. 2- Retail sales volumes are estimated to have increased 0.6% in October 2022 after a 1.5% decline in September (revised from a 1.4% decline) which was affected by the additional state funeral bank holiday. 3- On November 3, the Bank of England's Monetary Policy Committee (MPC) announced that it had raised interest rates for the eighth consecutive meeting. Rates were raised 0.75 percentage points to 3.0%, the largest increase since "Black Wednesday" in 1992. - Technical Analysis: Diving into the technical part, we can see that there's a bearish structure starting from level 1.18700 approx. on the daily timeframe. In addition to that, considering 50&200 MA's starting from 1 hour timeframe is taking a downtrend path, which means things will take time on the daily until things payoff a bit and go bearish. Now speaking of oscillators, even from the daily and down they're all taking the downtrend path. Same with MACD, starting from 4H, and getting to the peak on daily before breaking down. Now channels, donchian, supertrend; were kind of reaching the peak on the daily while as on smaller ones they already broke down. Now, as a nutshell, all these meetings the EoB and the UK did during the last week, due to their importance and the reports they gave in which everyone was waiting for to know what's next, was very necessary to the currency as well for traders to know what path the GBP will take for the next days or even weeks. Now for those who are asking what's the next checkpoint if it went bearish? Well, on smaller timeframes, like the 1H and 2H, there is a major orderblock on a level of 1.17670 approx. In which the price would go for a reversal, or break down more. And to do so, economical events must play it's major role. It depends on interest rates and inflation, as well as the CPI, stuff like these...
Short
by JawadShoukeir
1
Bitcoin holds above $40k after Fed hikeBitcoin (BTC) held above the $40,000 level on Thursday amid a broader uptick in global equities as the U.S. Federal Reserve (Fed) hiked rates by 0.25% as expected. Fed chair Jerome Powell signaled the U.S. economy was “very strong” and could handle monetary tightening, causing a jump in equities. Meanwhile, the Bank of England will also holds its policy meeting on Thursday and is expected to raise interest rates to their pre-Covid levels. U.S. futures shed 0.51% in European hours while brent crude jumped 4% to near $100. Europe’s Stoxx 600 rose 0.22%, while Asian markets added a second day of gains with Hong Kong’s Hang Sang index rising 7% and Japan’s Nikkei 225 increasing 3.46%.
BITSTAMP:BTCUSDLong
by chalgfetelec
GBPCAD: Why Buy????? Go On - Shooter_ForexHi, my name is Shooter_Forex . - Pay attention to add GBPCAD. - Zone D1 a bullish signal appears nice price at hard support ( 1.72000 ). - Here, you need to follow more because you need to see The market broke the top (at H1, H4) and if you return, a new bullish signal can BUY up. *** Note areas in order: Demand zone D1, Demand D1 + Demand H4, Demand D1 + Demand H4 + Round Number 1.72000 (Signal = reversal candlestick patterns) I use the following methods: 1. Price Action 2. Supply Demand Zone 3. Risk management: Investment capital ( 4% / deal )
Long
by Shooter_Forex
1