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Light Crude Oil Futures (CL1!): Setting New LimitsWe’ve been patiently waiting for an entry at $58, but the market hasn’t reached our level. After reassessing the chart, we believe it’s now more profitable to play CL1! as a long following what appears to have been a fake breakout. Recent developments, including Trump’s declaration of a national energy emergency to “unlock the liquid gold under our feet” and prioritize U.S. oil and gas development, could bolster bullish sentiment in the energy sector. If our wave count is correct, we are currently in intra wave 2 of wave ((iii)). If this setup holds, a target of at least $115 seems achievable. We are placing our limit order and will patiently wait to get filled. Key Levels at the moment: Support Zone: $67.70–$64.40 Resistance Zone: $85–$88
NYMEX:CL1!Long
by freeguy_by_wmc
2025-01-23 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel continues and we are at the top again. At this point it’s possible this spikes above the channel to print 22k. Wild to live through this tbh. 21700 likely next, bears need something below 21500 and then 21380. It’s beyond climactic and overbought. current market cycle: bull trend - blow-off top key levels: 21200 - 21700 bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Nothing new to report. Channel is holding and we are just moving higher without much resistance. Nothing changed. Again. Invalidation is below 21300. bear case: Bears need to start closing the gaps. This also has not changed. The bullish channel lives and until we break out of it, there isn’t much to analyse. All of my bullish targets are met and this looks just like the climactic end but who know’s where it will stop… Bears have nothing to think about here. Way too early for any short. Invalidation is above 21700. short term: Bullish until bears do more. Trade the channel. medium-long term from 2024-01-23: Market hit 21600 and now it’s about being patient until we sell-off again. I won’t be picking tops again. I just wait now. current swing trade: None. trade of the day: Buying near the 1h 20ema as mentioned the last couple of days.
XETR:DAX
by priceactiontds
2025-01-23 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: Pretty much tapped out of this market at the moment. I thought it looked decent that we could bottom out at 75 but another strong spike down to 74.5 is wild. current market cycle: trading range key levels: 73 - 80 bull case: Bulls have their do or die moment at 73 tomorrow. Either bottom out or we likely see 70 next. The buying was so climactic upwards but now it’s the same for the selling. Tough market for me. Got honestly nothing for the bulls until they print higher highs again and trade consecutive 1h bars above 76.5. Invalidation is below 75. bear case: Bears just took this over from the high and we are selling every little rip. Amazing to see but I still think it’s tough to trade. I won’t turn bear now right at the 50% retracement and daily 20ema. Below 74 we could test 72 next and afterwards there is no more support until 70. Invalidation is above 76.5. short term: Either it finds support at the daily 20ema around 74 or it might es will just continue down to 70 again. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. current swing trade: Nope trade of the day: Shorting 76 has been profitable since Tuesday.
NYMEX:MCL1!
by priceactiontds
GOLD heads for all-time record levelsOANDA:XAUUSD held steady near record highs on Thursday (Jan. 23) as investors awaited further guidance from the new Trump administration on trade policies and potential tax cuts. Gold prices remain near their highest levels since last October as investors consider the impact that President Trump's latest tariff threats against China and the European Union could have on with the global economy. OANDA:XAUUSD currently trading at nearly $2,752, $40 below its all-time high and up about 2% in the week to date. Gold was supported by safe-haven demand as investors weighed the new administration's stance on trade. US President Donald Trump has named China, the European Union, Canada and Mexico as potential import tariff targets, although there remains uncertainty about whether he will do so. Trump said he is considering imposing a 10% tariff on goods imported from China starting February 1. He also promised to impose tariffs on imports from Europe but did not provide further details. He had previously said that Mexico and Canada could face tariffs of around 25% on February 1. The Federal Reserve will meet next week as economic growth continues and inflation declines but faces uncertainty from the new administration's policies. The central bank is expected to leave the key interest rate unchanged at its next policy meeting on January 28-29. High interest rates reduce the appeal of non-interest-bearing gold, but with the current market context, the Fed keeping interest rates unchanged is not a potential pressure for gold to adjust significantly. European Central Bank policymakers unanimously backed further interest rate cuts on Wednesday, signaling that a rate cut next week is almost a foregone conclusion. will be implemented even as the Federal Reserve remains cautious. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold corrected very slightly but now it has all the conditions for expectations to reach an all-time high. The main uptrend is reinforced by the break above the green price channel combined with price activity above the $2,750 level noticed by readers in yesterday's edition, along with that the Strength Index Relative RSI also shows that there is still room for price growth ahead. Currently, the upside momentum is being blocked by the $2,762 technical level and once this level is broken gold could continue to rise with a subsequent target at the all-time high of $2,790. As long as gold remains above the EMA21, and above the green price channel, it remains bullish in the short to medium term and notable levels are listed below. Support: 2,750 – 2,730 – 2,725USD Resistance: 2,762 – 2,790USD SELL XAUUSD PRICE 2776 - 2774⚡️ ↠↠ Stoploss 2780 →Take Profit 1 2769 ↨ →Take Profit 2 2764 BUY XAUUSD PRICE 2720 - 2722⚡️ ↠↠ Stoploss 2716 →Take Profit 1 2727 ↨ →Take Profit 2 2732
OANDA:XAUUSD
by Xayah_trading
2025-01-22 - priceactiontds - daily update - daxGood Evening and I hope you are well. nasdaq e-mini futures comment: Market went a couple of points short of the previous lower high 22111 but it probably won’t mean much. We are close enough that we can retest the ath now. There is a big gap even on futures down to 21700 and if that stay’s open, bulls can go higher. We have the big upper bull trend line that goes to around 22600, so this could be a potential target. Bears need to get below 21900 to turn the market a bit more neutral. current market cycle: trading range (obvious bull trend on lower time frames) key levels: 21800 - 22600 bull case: Strong buying through the day and then a melt-up on US open. Bulls are in full control and have their eyes on the ath 22450. We have two bull trend lines that should hold. One is very close to 21980 which will likely be broken during the Globex session and the next around is currently at 21780. Invalidation is below 21700. bear case: I don’t think bulls should allow the market to fall that much if they want a new ath. Either we keep the momentum going or we might go sideways here and print another lower high. Bears are not doing anything right now except some after hours spikes but they go nowhere. Tuesday night was decent but no follow-through and we have just melted since. First target for the bears is to get below 21900 again and then test the other trend line below us. Invalidation is above 22600. short term: Bullish after pull-backs. I won’t look to short this until bears have shown much more strength. medium-long term - Update from 2024-01-22: Let’s see if we print a new ath and what kind of reaction follows. For now I think we go much more sideways 20000 - 22600/23000. current swing trade: None trade of the day: Buying anywhere below 22000 was pretty amazing since first hour in Globex printed the low.
CME_MINI:MNQ1!Long
by priceactiontds
Wheat- In a Clean Resistance Zone, can it reach 542.00?Wheat is already within a critical resistance zone that has times before led to bearish reversals. In any case this area, marked by previous price rejections, could once again attract selling pressure. If bearish confirmation occurs—through rejection wicks, bearish engulfing candles, or a decrease in buying volume—we could see a decline toward the 542,00 level. However, a breakout above this resistance would invalidate the bearish outlook and suggest potential for further upward movement. So keep an eye on that. Wait for clear signs of rejection before considering short positions.
PEPPERSTONE:WHEATShort
by TrendDiva
3
Approaching 2,750 USD, the prospect of a new bull cycleInfluenced by Trump's tariff threats, investors flocked to the safe-haven asset gold. Gold prices soared to their highest level in more than two months. As of the time of writing, spot gold was trading at 2,749 USD/oz, an increase equivalent to 0.17% on the day and close to the target level of 2,750 USD. US President Trump said he is considering imposing 25% tariffs on Mexico and Canada: "I think we will do this on February 1." According to Reuters, Trump confirmed that general tariffs on all US imports are also being considered and will be implemented at a later stage. During Trump's election campaign, he proposed a "comprehensive tariff" of 10% to 20% on all imported goods. Trump also threatened to impose tariffs on the continent soon, saying he would "resolve the deficit with the EU by imposing tariffs or asking the EU to buy our oil and gas". Trump's sweeping trade tariffs are expected to spur further inflation and spark a trade war, which could increase gold's safe-haven appeal. Looking back at history in 2017, the first year of Trump's final term in the White House, gold prices rose 13%, marking the best year in seven years. In addition, the US Dollar index fell sharply from its peak on Tuesday and only recovered slightly at the beginning of today's Asian trading session Wednesday, January 22 which is also considered a favorable condition for prices. Yellow. In the Middle East, the ceasefire agreement between Israel and Hamas stalled when Israeli forces began operations in the West Bank city of Jenin. In response, Hamas called for an escalation of fighting against Israel. Gold is considered a safe investment in times of economic and geopolitical instability, and this Middle East factor is also seen as a supportive factor for gold prices in the current context. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold achieved a target gain at $2,730 then broke out and approached the next target loss at $2,750. In the short term, if gold continues to break above $2,750 it is likely to continue its uptrend with a target that could be an all-time high. In terms of conditions, gold still has the main prospect of rising prices with the green price channel as the main trend, main support from EMA21 and the Relative Strength Index RSI showing that there is still wide room for growth in the market. front. During the day, as long as gold remains above the green price channel, it remains bullish with expectations for a new bull run once $2,750 is broken and notable levels will be listed again as follows. Support: 2,730 – 2,725USD Resistance: 2,750 – 2,790USD SELL XAUUSD PRICE 2773 - 2771⚡️ ↠↠ Stoploss 2777 →Take Profit 1 2766 ↨ →Take Profit 2 2761 BUY XAUUSD PRICE 2708 - 2710⚡️ ↠↠ Stoploss 2704 →Take Profit 1 2715 ↨ →Take Profit 2 2720
OANDA:XAUUSDLong
by Xayah_trading
2025-01-21 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel/expanding triangle, doesn’t matter. Trade it until clearly broken. No one knows how high this can go and I said, until we clearly see consecutive big bear bars, bulls are in full control and you should look for longs instead of shorts. Market is beyond overvalued and overbought but that does not matter for now. current market cycle: bull trend key levels: 21000 - 21500 bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Bears have spikes and that’s it. Bulls are buying everything and just melting this higher. Invalidation is below 21000. bear case: You can not start looking for shorts until bears have closed a 1h bar below 21000. This is probably true for most traders. Are you 1 in a million and can make money trading both sides on this? Good for you but for the rest of us, we better come with easy to follow, tested and profitable strategies and try to survive. Trend is your friend. Don’t fight it. Was I wrong about the bearish outlook? Timing-wise, yes. But that will never stop me form changing my mind and trade what’s in front of me. I am here to make money and not to be proven right. Invalidation is above 21500. short term: Bullish until bears do more. Trade the channel. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Buying big previous support around 21000.
EUREX:FDXS1!
by priceactiontds
2025-01-21 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: One again we saw a huge Globex sell spike but now follow-through. Bulls are on their way to 6100 and there we will see how many buyers we can find to retest the ath 6186. Plan is simple, trade the bull channel/expanding triangle until clearly broken. current market cycle: trading range (obvious bull trend on lower time frames) key levels: 6000 - 6100 (above 6100 comes 6200 into play) bull case: Bulls are in BTFD mode and making higher highs again. 6100 is their next target and the last resistance until 6186. Problem for the bulls is that we get decent sell spikes and holding through them is tough. That is probably why we see bigger profit taking when we print new highs. Invalidation is below 6000. bear case: Bears ask themselves how many pushes on whatever time frame bulls can honestly get. The 6100 likely won’t hold but how many are willing to buy above 6100 when we could easily pull-back 100 points. We will find out tomorrow. Bears don’t have many arguments. We have a clear bull pattern upwards and the best they can hope for is to scalp short on new highs for a decent pull-back. Until bears can close consecutive bars below 6000, I would not look for bigger shorts. Given the current erratic price action due to orange man tweets, it’s a wild ride. Trade smaller and with wider stops. Invalidation is above 6120. short term: Bullish for 6100, then Neutral until clearly breaking out above again. Targets above are 6186 and then 6200. medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg. current swing trade: None trade of the day: Buying 6000, duh. Otherwise literally every touch of the 1h 20ema.
CME_MINI:MES1!
by priceactiontds
ES Futures Trade Idea - Trump Inauguration MLK weekMacroeconomic News: US markets were closed yesterday for Martin Luther King Jr. Day. ES, NQ and YM futures saw mild gains yesterday, RTY futures outperformed. As the 47th president of the United States, Donald Trump took the oath of office promising to protect the border, address inflation, and restructure trade policies. In addition to withdrawing from the Paris Climate Treaty and signing orders to cancel 78 Biden-era acts, he also started energy production reforms, such as drilling for oil in the Arctic. Trump discussed agreements over TikTok ownership, threatened global tariffs, and suggested imposing duties on the EU, Canada, and Mexico. He urged a speedy conclusion to the conflict in Ukraine and gave top priority to evaluating China's adherence to trade agreements. Trump stopped importing oil from Venezuela, emphasized energy independence, and lifted sanctions on Israeli settlers. The goal of bold measures is to put American workers and security first. Following yesterday's strong selling pressure, which was brought on by the announcement that President Trump would not impose tariffs on the first day of his presidency, the dollar is now showing signs of recovery. Nevertheless, Trump's statement that he is considering 25% tariffs on Canada and Mexico and believes they would be implemented on February 1st shattered trade confidence overnight. In our opinion, buy the rumor-sell the fact, sell the rumor-buy the fact, will likely be a key theme during Trump’s presidential term. ES Futures update: As we can see in the chart above, ES futures are currently above our Line in the Sand, Yearly Open at 5,949.25. ES futures also made a higher low on Jan 13th, 2025 compared to Nov 4th, 2024 swing low. ES futures formed a bull flag after the Dec 18th, 2024 FOMC announcement. Price has now broken out of the bull flag channel. Key Levels to Watch Key levels represent areas of interest and zones of active market participation. The more significant a key level, the closer we monitor it for potential reactions and trade setups in alignment with our trading plan. Jan 6th Weekly Hi: 6,068.25 Jan 13th Weekly Hi: 6,051.50 Yearly Open | LIS (Line in Sand): 5,949.25 Resistance R1: 6,105 - 6,115 Resistance R2: 6,145 - 6,155 All time highs: 6,184.50 Scenario 1: Breakout continuation Price has broken out of bull flag formation from the Dec 18th, 2024 FOMC announcement. Break above current area of consolidation marked in Blue zone forming the area between Jan 6th and Jan 13th Weekly Highs. Price heads towards R1, R2 and R3 targets. Scenario 2: Further consolidation Price further consolidates this week awaiting a catalyst to trend higher next week. Strong earnings season propels US futures and stocks higher. We encourage you to monitor these levels closely and incorporate them into your trade planning. Share your thoughts or insights on these key levels in the comments below.
CME_MINI:ES1!Long
by EdgeClear
GOLD skyrocketed, Trump's influence provided strong supportIn the Asian market today, Tuesday, January 21, influenced by Trump's tariff comments that stimulated risk aversion, OANDA:XAUUSD suddenly jumped to 17 USD in the short term and are currently approaching the mark of 2,725 USD/ounce. Trump was sworn in as the 47th President of the United States in the Oval Office of the Capitol. US President Trump recently announced that he plans to impose tariffs on Mexico and Canada no later than February 1, possibly up to 25%, and reiterated his view that the two neighboring countries America's neighbors are allowing illegal immigration and drugs into the United States. Complaining about fentanyl and migrants crossing the northern U.S. border, Trump called Canada a “very bad abuser” and said the target date for tariffs would be “I think February 1st. " Trump made the remarks shortly after returning to the Oval Office to sign a series of executive orders. The executive orders cover everything from regulation to energy to immigration. This is an early sign that Trump has increasingly focused on trade since taking office. These comments have stimulated risk aversion in the market to increase rapidly. Not only did gold strengthen, but the safe-haven Dollar also increased strongly. Impacting the market, we can see that recently both gold and Dollar, which have a negative correlation, have increased in price together. Trump's sweeping trade tariffs are expected to spur further inflation and spark a trade war, which could increase gold's safe-haven appeal. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has approached the $2,725 level that was the initial upside target noticed by readers in the previous issue, followed by the $2,730 price point of the 0.236% Fibonacci retracement. Technically, gold still has all the conditions for price increases with the trend being noticed by the green price channel, main support from EMA21 and the nearest support is the 0.382% Fibonacci retracement level. Meanwhile, the uptrend of the Relative Strength Index also creates an uptrend and is still quite far from the overbought level, showing that there is still wide room for price growth ahead. Moving forward, the technical outlook for gold remains bullish and notable levels are listed below. Support: 2,700 – 2,693USD Resistance: 2,725 – 2,730 – 2,750USD SELL XAUUSD PRICE 2746 - 2744⚡️ ↠↠ Stoploss 2750 →Take Profit 1 2739 ↨ →Take Profit 2 2734 BUY XAUUSD PRICE 2684 - 2686⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2691 ↨ →Take Profit 2 2696
OANDA:XAUUSD
by Xayah_trading
2025-01-20 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel is what you should trade for now. I do think the top is near though. My plan for tomorrow is to see if market stalls more around 21170/21200 and if bears come around to short this down to 21000 again. There I expect bulls to appear again and try another higher high. The bull channel is valid until broken and if bears could break it, first target would be 20850. current market cycle: trading range key levels: 20900 - 21200 bull case: Bulls want to continue inside the bull channel. That’s it. Look for pull-backs to long if bulls print a good signal bar. 21200 is my max target though, so I don’t expect market to go much beyond. Invalidation is below 20100. bear case: Bears need to break the bear channel. That’s also everything there is to this right now. Bulls are in full control until then and you should look to long this much more than shorting. It’s overbought, climactic, bubbly, yesyesyes and all of that. Does not matter one single bit until we clearly see much bigger selling pressure. Invalidation is above 21250. short term: Neutral in the middle of the channel but otherwise bullish until bulls clearly lost interest buying above 21000. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. Bears need to do much more before I want bigger shorts again. trade of the day: Buying 21000 has been profitable 3 times today. Trade the channel.
EUREX:FDXS1!
by priceactiontds
2025-01-20 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: We have touched the bear trend line and my bullish targets are met. The daily bar closed on it’s low and is decent enough for bears to get potential follow-through into the end of the week. I would want either very strong confirmation for shorts below 73 or a lower high below 75 before I short this. No interest in longs. current market cycle: trading range key levels: 71 - 75.5 bull case: Bears are not getting anywhere with this weak selling. It does look much more like a pull-back that will be bought soon than a bear trend that will accelerate. Bulls want to keep it above 76 and try again to get above 80. They are trading far above the daily ema and inside a perfect bull channel. They have all the arguments to buy this tomorrow and make bears cover again. 75 is a possibility but I would be very cautious with longs below. Invalidation is below 75. bear case: 3 consecutive daily bear bars but they are overlapping and market is still above 76. The next touch of this bull channel will most likely be bought and bears know it. Best they can hope for here is to stay below 77 and go sideways for longer. Invalidation is above 80.5. short term: Looking for longs around 76 for target 80. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. Trade the bull channel until it’s clearly broken again. current swing trade: Nope trade of the day: Market did not find acceptance above 77.4 today and the sell-off at 2 p.m. cet was strong enough to just short it but it was going fast and I also missed it because I’m dumb.
NYMEX:MCL1!
by priceactiontds
BITCOIN AT ATH IS SHOWING WHO IS THE KING OF THE JUNGLETechnical Analysis Rising Wedge Pattern: The chart displays a rising wedge pattern (bearish reversal structure). The price is likely at the breakdown point from the wedge. Key support and resistance lines are marked, showing potential pullback zones. Indicators: RSI (Relative Strength Index): Shows overbought conditions as it hovers near 70. A pullback or consolidation may occur to relieve overbought pressures. Stochastic Oscillator: The oscillator is in the overbought zone, signaling a potential short-term reversal or cooling-off period. Money Flow Index (MFI): Indicates significant inflows of capital, but nearing overbought conditions, suggesting caution. Price Levels: Key support zones: $95,697, $91,721, and $88,671 (blue horizontal lines). Key resistance zones: Wedge top (~$108,000) and further price targets above $112,000 and $120,000. Trend Analysis: The overall trend appears bullish in the medium term. A short-term retracement (to test lower support levels) is anticipated before further continuation upward. The breakout target from the rising wedge suggests a potential correction to the $95,000–$96,000 range, followed by an upward move. Trading Plan Entry Strategy Scenario A: Retracement to Support Zones If Bitcoin pulls back to $95,000–$96,000, consider opening a long position, as this level aligns with historical support and a confluence of demand zones. Scenario B: Bullish Continuation If Bitcoin breaks above $112,000 with strong volume, open a long position targeting $120,000 and higher. Stop-Loss Placement: Place a stop-loss just below $94,500 for long positions to minimize risk, as a breach below this level could signal further bearish movement. Take-Profit Levels: Primary Target: $112,000 (previous high). Secondary Target: $120,000 (psychological level and technical extension). Risk Management: Limit risk to 1–2% of your trading capital per trade. Avoid over-leveraging as the rising wedge breakdown could result in increased volatility. Monitoring the Trade: Keep an eye on macro indicators (e.g., interest rate announcements, broader market sentiment). Watch for divergence in RSI or Stochastic Oscillator, which could indicate trend exhaustion. Bitcoin is at a critical juncture. A short-term correction is likely to test support levels before resuming its bullish trend. The outlined trading plan provides strategies for both pullback and breakout scenarios, ensuring disciplined risk management.
CRYPTO:BTCUSDLong
by elfabiiani
3
GOLD is supported, but watch out for TrumpIn the weekend trading session on Friday (January 17), OANDA:XAUUSD Spot price decreased by 12 USD due to factors such as the recovery of the US Dollar and profit-taking activities of investors, along with some pressure from important technical areas. TVC:DXY Rising prices have put pressure on gold prices, but with uncertainty over incoming President Donald Trump's policies and markets once again betting on further interest rate cuts, Gold remains in favor. Weakly tilted to the upside as prices broke above the key level of $2,700. OANDA:XAUUSD hit a new high in more than a month on Thursday, just $65.60 shy of October's all-time high of $2,790.15. Gold prices rose 0.5% this week, the third straight weekly gain, after weaker-than-expected U.S. core inflation data on Wednesday fueled speculation that the Federal Reserve will cut interest rates. capacity many times. The market expects the Fed to cut interest rates twice before the end of this year, with Fed Governor Christopher Waller saying there could be further interest rate cuts if economic data weakens further. Trump's policies make the market worried The market is currently eagerly awaiting Mr. Trump's inauguration on January 20, which is expected to bring challenges to the gold market. Trump's strong rhetoric about supporting US manufacturing through trade tariffs continues to keep the US Dollar Index (Dxy) above 109 points, while also raising concerns about inflation and anxiety about a global trade war. Aggressive markets will pay close attention to tariffs and fiscal spending policies, as these policies will directly affect economic growth, fiscal deficits and expectations of interest rate cuts by the Fed. This week has been a pretty quiet data week. However, the event of Trump taking over the White House will be the focus, bringing expected market fluctuations that are huge fluctuations that traders need to pay special attention to. Economic data to watch out for this week Monday: US Presidential Inauguration, World Economic Forum Annual Meeting Thursday: US weekly unemployment claims, Friday: S&P Flash PMI data, US Existing Home Sales Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has not yet been able to surpass the 0.236% Fibonacci retracement level, a position that is important resistance for a continued uptrend that readers noticed in the previous issue. Gold has also decreased and corrected since being under pressure from the 0.236% Fibonacci level, but in general, the downward momentum is not significant with technical conditions still tilting in favor of price increases. In the coming time, as long as gold remains in the orange price channel, above EMA21 and POC Volume Profile, it still has a bullish outlook. Meanwhile, the up trending RSI maintained its activity above the 50 level, showing that there is still wide room for price growth ahead. Once gold breaks the 0.236% Fibonacci retracement level it could open a new bullish cycle targeting $2,750 in the short term, more than the all-time high. The technical uptrend of gold will be noticed again by the following levels. Support: 2,693 – 2,676USD Resistance: 2,730 – 2,750USD SELL XAUUSD PRICE 2741 - 2739⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2734 ↨ →Take Profit 2 2729 BUY XAUUSD PRICE 2659 - 2661⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2666 ↨ →Take Profit 2 2671
OANDA:XAUUSD
by Xayah_trading
#ES_F Day Trading Prep Week 1.20 - 1.24Market closed outside of Value after failing under 6074 - 54 HTF Edge. We are set to open inside 6064 - 23 Intraday Range unless market gaps under/over after Mondays Holiday but if we open inside it then that tells us we are over Value and there are two thing we can do here, continue grinding/balancing inside the Intraday Range and try to push towards/into above Edge ? Or do we find more selling over Value that would bring us back into/under VAH, if we get under VAH we would be under Daily Stops so that could trigger moves towards the Mean/VAL of the range. If we do get back inside the Value we could find support and holds around it BUT careful if we take out out and get under Value, that can bring in more weakness for lower targets where we would watch for any continuation. IF the strength from last week stays, for us to see any bigger prices out of this HTF Range we would need to hold over VAH and have a strong push into or over the above Edge that would stay over, until then we have December supply trapped over 6050 - 74 so we may stay under this area and most of December Supply is valued over 930 - 70s and we have January month end approaching which means if more size needs to lighten the bag that could trigger some lower destinations.
CME_MINI:ES1!
by HollowMn
GOLD MARKET ANALYSIS AND COMMENTARY - [January 20 - January 24]This week, OANDA:XAUUSD fluctuated strongly, increasing from 2,656 USD/oz to 2,724 USD/oz, then decreasing and closing at 2,702 USD/oz. The main reason is due to the prediction that Donald Trump may implement his tariff commitments after his inauguration, increasing the risk of inflation in the context of the FED maintaining current interest rates. If this policy is implemented, the risk of a US-China trade war and global economic instability will increase, even leading to stagflation. These factors may continue to support gold prices to increase next week. Mr. Trump can promote expansionary fiscal policy, increasing US public debt and the risk of global financial instability, thereby strengthening gold's role as a haven. However, next week's gold price may decrease if Mr. Trump delays or delays the imposition of tariffs, although this possibility is considered very low. In the short term, gold prices may increase with the USD due to the impact of Mr. Trump's policies, instead of having a negative correlation as before. However, in the long term, if inflation increases sharply, forcing the FED to raise interest rates to curb inflation, this will put downward pressure on gold prices. Next week, in addition to Mr. Trump's inauguration, the US will also release weekly unemployment claims and S&P Flash PMI data and existing home sales... However, these economic data may will not have much impact on the gold price trend next week. 📌In terms of technical analysis, if the gold price next week surpasses the threshold of 2,725 USD/oz, it can continue to conquer the strong resistance area at 2,790 USD/oz, and the gold price next week could even exceed 2,800 USD/oz. /oz if Mr. Trump's tariff commitment comes true after his inauguration. Meanwhile, the important support level for gold price next week is at 2,650 USD/oz. (Around the moving average EMA34, 89) Notable technical levels are listed below. Support: 2,700 – 2,693 – 2,676USD Resistance: 2,730 – 2,750USD SELL XAUUSD PRICE 2791 - 2789⚡️ ↠↠ Stoploss 2795 BUY XAUUSD PRICE 2649 - 2651⚡️ ↠↠ Stoploss 2645
OANDA:XAUUSD
by Xayah_trading
SL HIT ON NASDAQAs I post my winning trades, I'm going to post my losing one, so people, especially beginners know that trading isn't always wins and wins, and no strategy always brings back profits for you. Every strategy has downsides and upsides, this is the first thing I teach to my students who fully understands it. In case you wondered how I trade, I'm a reversal based trader. hich means I trade reversals, ans as every strategy it works 80% of the time and having a losing day of the week, but the unforgivable thing is to let your emotions take over your trading and lose all the profits you made. The first thing I teach is don't let your emotions take over your trading, and don't make more than 2 losing trades a day. STICK TO THE PLAN. Follow for more!
FX:NAS100
by YassineAnalysis
GOLD is close to the target level of 2,730 USDIn the Asian trading session, today's weekend January 17, OANDA:XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce. OANDA:XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish comments from Federal Reserve officials. The U.S. Department of Labor reported Thursday that initial jobless claims for the week ended Jan. 11 increased by 14,000 to a seasonally adjusted level of 217,000. Economists had expected 210,000 initial jobless claims last week. Slightly weaker-than-expected US core CPI data led to a sharp fall in real yields, which should support further gains in gold prices on inflation fears and repricing of taper expectations interest rate. Federal Reserve officials said data showed inflation in the US was continuing to slow, but they also noted growing uncertainty in the coming months as they wait for early policy signs. from the incoming administration of US President Donald Trump. Potential tariffs from the Trump administration could exacerbate inflationary pressures. The dollar fell, moving slightly from recent highs, as cooling US inflation data pulled bond yields down, continuing to support gold prices. And this is what we can most easily see about the alignment in these correlations in the market. Meanwhile, geopolitically, the ceasefire and hostage agreement between Israel and Hamas has weakened demand for gold as a safe haven asset. Last year, as tensions in the Middle East increased, gold hit several new highs on safe-haven demand and expectations that major central banks like the Federal Reserve would ease monetary policy further. again. But this is not enough because geopolitical factors can have a sudden impact, but they are never sustainable long-term causes. Analysis of technical prospects for OANDA:XAUUSD Gold has continued to break out, approaching the target level of 2,730 USD. Note to readers in the previous edition the price point of the 0.236% Fibonacci retracement level. Along with that, the uptrend is still dominating the daily chart, the uptrend price channel is highlighted by the green price channel, and the uptrend RSI maintains its above activity. The 50 level is still quite far from the overbought area, showing that there is still wide room for price increases ahead. The main support is still at the POC Volume Profile level and the EMA21 line. As long as gold remains above the EMA21, it still has the potential to increase in price in the near future. Currently, the 0.382% Fibonacci retracement level has also become the closest support currently. During the day, the uptrend of gold prices will be noticed again by the following notable technical levels. Support: 2,700 – 2,693USD Resistance: 2,730USD SELL XAUUSD PRICE 2736 - 2734⚡️ ↠↠ Stoploss 2740 →Take Profit 1 2729 ↨ →Take Profit 2 2724 BUY XAUUSD PRICE 2684 - 2686⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2691 ↨ →Take Profit 2 2696
OANDA:XAUUSD
by Xayah_trading