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Gold Price Analysis February 12⭐️Fundamental Analysis Asian and European traders were cautious ahead of Fed Chairman Jerome Powell's remarks to Congress. Powell said he was in no rush to adjust monetary policy and wanted to see more progress on inflation, saying the economy was in a "pretty good place." His remarks helped stabilize financial markets, helping Wall Street trim losses and the dollar recover. Powell will continue his testimony on Wednesday, and investors are also awaiting January CPI data, which is forecast to have risen 2.9% year-on-year, with core annual growth of around 3.1%. ⭐️Technical Analysis Gold is accepting the 2941 area as a top, and the decline has created quite clear structures. 2873-2871 is an important support zone in pushing gold prices to increase again. If gold prices cannot close the h4 candle above 2890, it will be considered a confirmation of a dow breakout and a downtrend wave that can extend to 2833. In the direction of gold going up again, 2807 and 2827 will be the zones that the SELL side will pay attention to in order to participate in the market.
OANDA:XAUUSD
by TVS-Trader
Bearish Flag & Quasimodo Patterns—Is EURUSD Set to Drop?First, let's have a Fundamental Analysis of EURUSD ( FX:EURUSD ). The EURUSD rate is influenced by several key fundamental factors : 1. Divergent Economic Indicators : United States : Recent data indicates a robust labor market, with job growth maintaining momentum. This strength supports the U.S. dollar, as investors anticipate potential monetary policy tightening by the Federal Reserve to manage inflationary pressures. Eurozone : Conversely, the Eurozone faces economic challenges, including unexpected inflation acceleration and declining industrial production, particularly in Germany. These factors may constrain the European Central Bank's (ECB) ability to adjust interest rates, potentially weakening the euro. 2. Central Bank Policies : Federal Reserve (Fed) : The Fed's recent communications suggest a cautious approach to interest rate adjustments, balancing economic growth with inflation control. The prospect of maintaining or increasing rates could further bolster the U.S. dollar. European Central Bank (ECB) : The ECB is grappling with rising inflation amidst a struggling economy. This scenario complicates policy decisions, as increasing rates to combat inflation might hinder economic recovery, thereby exerting downward pressure on the euro. 3. Geopolitical Developments : The U.S. administration's recent tariff threats have introduced uncertainties in global trade. Such actions typically lead investors to seek safe-haven assets, benefiting the U.S. dollar due to its perceived stability. In summary, the EURUSD is currently experiencing downward pressure , driven by stronger U.S. economic performance, proactive Federal Reserve policies, and geopolitical factors favoring the U.S. dollar. Conversely, the Eurozone's economic difficulties and the ECB's constrained policy options contribute to a weaker euro. These dynamics suggest a potential continuation of the EURUSD's bearish trend in the near term . -------------------------------------- Now, let's analyze the EURUSD chart in terms of Technical Analysis . EURUSD is moving near the Resistance zone($1.039-$1.033) , Potential Reversal Zone(PRZ) , 100_SMA(4-hour) , Monthly Pivot Point , and Resistance lines . Each of these items is considered a good resistance for EURUSD . In terms of Price Action , if we look at the EURUSD chart in the 1-hour time frame , we can see the Bearish Quasimodo Pattern , which is one of the reasons for EURUSD's fall . Educational Note : The Bearish Quasimodo Pattern is a price action reversal pattern that signals a potential downtrend. It forms when the price creates a higher high (HH) followed by a lower low (LL) and a lower high (LH), breaking the market structure. From the point of view of Classical Technical Analysis , it seems that EURUSD has managed to form a Bearish Flag Continuation Pattern . It is a good sign for the continuation of the downward trend of EURUSD . Educational Note : The Bearish Flag Pattern is a continuation pattern that signals the continuation of a downtrend. It consists of a sharp downward move (flagpole) followed by a consolidation phase in a small upward-sloping channel (flag). A breakdown from the flag confirms the pattern, indicating further price decline. According to the theory of Elliott waves , according to the volume of the previous movement, it seems that EURUSD is completing wave 4 , and it is possible that we are still in the main wave 3 even with a further fall. I expect EURUS D to fall to at least the Support zone($1.0285-$1.0255) after entering the PRZ or after breaking the lower line of the ascending channel of the bearish flag pattern, and if this zone is broken , we should expect to fall to the next Support zone($1.0222-$1.0175) and Monthly Support(1) . Note: If EURUSD touches $1.03700, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
Downward pressure on XAUUSD concerning geopolitical developmentReports of a ceasefire between Israel and Lebanon have emerged. If confirmed, this could reduce gold's appeal as a safe-haven asset, potentially exerting downward pressure on its price . On February 8, 2025, Lebanon formed a new government led by Prime Minister Nawaf Salam, ending a prolonged political deadlock. The new administration aims to implement reforms to address Lebanon's economic crisis and to ensure the reconstruction of areas damaged during the recent conflict with Israel. The ceasefire agreement with Israel, initially set to expire, has been extended to February 18, 2025. OANDA:XAUUSD
OANDA:XAUUSDShort
by Shriyans_Singh
Gold going to new all time high read the caption Economists predict that Nonfarm Payrolls will rise by 170,000 jobs in January, following a 256,000-job increase in December. The Unemployment Rate is anticipated to remain steady at 4.1% during the same period. Average hourly earnings, a key indicator of wage inflation, are expected to show a 3.8% year-over-year growth in January, slightly below the 3.9% increase recorded in December. After the January policy meeting, the Federal Reserve kept the benchmark rate within the 4.25%-4.50% range. However, the tone of the
OANDA:XAUUSDLong
by Mrsam36
XAU/USD: A Possible Correction? (Read the caption.)Analyzing the gold chart on the 30-minute timescale reveals that, as expected, the price corrected to $2858 following yesterday's study. However, it rapidly recovered, gaining 240 pips to set a new all-time high of $2882. Today, we finally had a pullback from $2882 to $2848, and gold is currently trading around $2868. If the market manages to stabilize below $2873.5 and is strongly rejected from this level, we may witness a fall down to depths under $2850. With increasing market volatility and important macroeconomic events on the horizon, traders should exercise caution. Price activity near these levels will be key in deciding the next move, as gold responds to fundamental variables such as inflation data and geopolitical developments. Monitoring price activity near support and resistance levels will be critical for spotting potential trading opportunities. Please support me with your likes and comments to encourage me to share more analysis with you and share your thoughts on the potential trend of this chart with me! By Nexus Trades Zone
FX_IDC:XAUUSDShort
by NexusTradesZone
Gold confirm buy we see strong bull candle read the caption Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts
OANDA:XAUUSDLong
by Mrsam36
EUR/USD : Get Ready for the next Bearish move (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that after rising to the upper limit of the supply zone at 1.046 - 1.055, the price has finally corrected and is currently trading around 1.042. If the price stabilizes below this level, we can expect further declines in EURUSD. However, keep in mind that in about 2.5 hours, we have the significant CB Consumer Confidence report, which could strongly impact the market! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
9
US30 market analysis US30 Analysis: • Bullish Momentum: The price is breaking through a fair value gap, indicating strong bullish intent as liquidity is being grabbed. • Support Zone: The current breakout likely retests lower demand zones before continuation. • Upside Potential: If price sustains above 44,500 and shows further volume confirmation, it could target higher resistance levels, potentially aiming for significant upside gains. • Recommendation: Look for bullish continuation patterns and monitor for pullbacks to support zones as optimal entry points for a big buy setup.
BLACKBULL:US30Long
by US30EMPIRE
EURUSD Hits Support Zone—Is a Bullish Reversal Coming!!!As I expected , the EURUSD ( FX:EURUSD ) fell to the target I set yesterday. EURUSD is moving near Support zone($1.039-$1.033) and 100_SMA(4-hour) . According to the theory of Elliott waves , it seems that the EURUSD has succeeded in completing the corrective Zigzag(ABC/5-3-5) , and we should wait for the EURUSD to rise again. One of the signs of completion can be a Bullish Engulfing Candlestick Pattern with a suitable volume . I expect EURUSD to rise to Resistance zone($1.0534-$1.0448) after breaking the Resistance lines . Note: If EURUSD goes below $1.0333, we can expect more dumps . Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
15
US Economic Data Impact: Will EURUSD Test Support zone Again?Today, key U.S. economic data was released , including GDP , Unemployment Claims , and the GDP Price Index . These data points had a direct impact on the U.S. dollar, resulting in volatility in the EURUSD pair . The weaker-than-expected GDP and lower inflation caused a temporary weakening of the USD, but the strong labor market data still supports the dollar, potentially limiting further downside for EURUSD. This was an analysis of the US economic data that was released today. ------------------------------------ EURUSD ( FX:EURUSD ) entered the Resistance zone($1.054-$1.044) again, and it seems that this move is a Pullback to the ascending channel (broken) . According to Elliott's wave theory , pullback appears to be a Zigzag corrective wave(ABC/5-3-5) . I expect EURUSD to attack the Support zone($1.039-$1.033) again, 100_SMA(4-hour) , and decline to at least the width of the broken ascending channel . Was the bullish candle the previous hour in the role of a pullback or the start of another upward trend for EURUSD? Note: If EURUSD goes over $1.049, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11