Get started

Gold

GOLD Is Bearish! Short! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2,770.874. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,759.181 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
Analysis of gold market trend on Monday Analysis of gold news: Spot gold fluctuated and fell in early Asian trading on Monday (January 27), and is currently trading around $2,757/ounce. Gold prices continued to rise by 0.6% last Friday (November 24), reaching a high of $2,785.86/ounce during the session, just one step away from the historical high of $2,789.95, closing at $2,770/ounce, up 2.5% on a weekly basis, the fourth consecutive week of gains, as uncertainty about US President Trump's trade policy has caused the dollar to lose momentum, thereby boosting demand for safe-haven gold. The dollar fell 0.63% on Friday to close at 107.46, with a weekly decline of 1.77%, marking its worst weekly performance in more than a year. People expect that the tariffs imposed by U.S. President Trump will be lower than previously feared and are unlikely to Triggering an international trade war. In addition to the Fed's interest rate decision, this week will also release the US December durable goods orders monthly rate, the Bank of Canada's interest rate decision, the European Central Bank's interest rate decision, the US fourth quarter GDP data, and the US December PCE data. It can be said to be a super week, and investors need to make position adjustments in advance. The survey shows that most analysts and retail investors tend to be bullish on the trend of gold in the next week. Gold technical analysis: Gold closed higher last week, approaching the previous high of 2789, and then paused slightly in the small cycle near 2785. The overall weekly K-line closed at a high level. The overall rhythm of last week was a unilateral step-up, which was relatively stable, with a step back, but the overall upward trend was good. Although it surged on Friday, it formed a small hammer-shaped positive line with an upper shadow line. The overall trend showed signs of adjustment. Therefore, we should not chase the bullish trend and consider it when it falls back. As for the short position, it is unreasonable not to go short when it is close to the new high. From the current market, the upper pressure has moved down to the 2783 line. Gold fell back under pressure from the historical high on Friday. Gold fell. Without breaking through the historical high pressure, gold rebounded in the early Asian trading and continued to go short. The gold 4-hour chart is a step-by-step oscillatory upward channel. With the release of space, the volume energy is slightly weakened, which may be accompanied by a wash-like consolidation and correction move, and it will turn back step by step. It will accumulate momentum to recover and rise again. Combined with the weekly closing, there should be an inertial rise this week. However, after breaking through the high, the indicator in the attached picture will enter a high level, and there will be a need for correction. At that time, it will depend on the correction method in the market, whether it is a strong consolidation correction or a deep correction. The two methods should be combined with the intraday pattern. Different layouts, strong consolidation correction or sideways and then higher, deep retracement correction. It is easy to go back and forth and then rise after washing losses, which is more challenging to grasp the entry point. Try to be more prudent at the beginning of this week and set the time after the European market. Gold rose and fell in 30 minutes. Gold opened directly with a gap in the morning. The strength of gold bulls began to be insufficient. The resistance above gold still suppressed the rise of gold. Gold continued to go short at highs under the pressure of the historical high of 2790 in the morning. Gold rebounded near 2780 and could be shorted first. If gold falls below 2763, gold shorts will continue to exert force. The market is changing rapidly. Since gold cannot break through the historical high in one fell swoop, it is still difficult to break through directly in the short term. Gold will continue to be short after rebounding in early trading. On the whole, our professional and senior gold analyst team recommends rebounding shorting as the main strategy for short-term gold operations today, and callback longing as the auxiliary strategy. The short-term focus on the upper side is 2772-2777 resistance, and the short-term focus on the lower side is 2745-2740 support.
FOREXCOM:XAUUSD
by Caesar_Gorman01
Gold follows the trend and is bearish. The target below is 2725Gold technical analysis Daily resistance 2800, support below 2700 Four-hour resistance 2790, support below 2750-25 Gold operation suggestions: Last Friday, gold continued to be extremely strong and unilateral in the technical aspect. The Asian and European sessions opened high and broke through and stood above the 2770 mark, continuing the strong rise. The US session accelerated to break through the 2785 mark and was blocked and fell back to consolidate. The daily chart strongly fluctuated to a new high. The overall gold price relied on the 5-day moving average to form a strong unilateral upward pattern of bulls. From the analysis of the 4-hour market, gold opened and stepped back and currently fluctuated at the 2750 line. Pay attention to the short-term suppression of the 2770 line above. We pay attention to the support near 2725 below, and focus on the 2700 integer mark. The daily level stabilizes above this position and continues to maintain the rhythm of buying at a low price. Any step back is a main opportunity to trade with the trend. SELL:2760near BUY:2725near BUY:2700near Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
SPY/QQQ Plan Your Trade For 1-27 : Consolidation PatternToday is an incredible day in my world. I have been warning of a major peak/top near Jan 20-23 for more than 45+ days. I have continued to warn traders of a major top/peak near the Inauguration and how I believe the markets would suddenly shift downward - targeting the Feb 9-11 Deep-V bottom. All of my predictive analysis is based on Gann, Tesla (Energy frequency, amplitude, vibration) and Fibonacci research. The reason I state this is because I want you to start thinking of price action in terms of energy expulsion and consolidation. Price is the ultimate indicator. My research proves we can attempt to predict future price moves (tops, bottoms, strength, weakness, and others) with a moderate degree of accuracy. As I continue to expand my research, tools, and resources, I will continue to improve my analysis/predictive capabilities. To me, this is very exciting. Today, I would expect the markets to consolidate in a fairly wide/volatile range. Gold and Silver will likely continue to try to recover/rally out of these flagging/pennant formations. Silver is set in more of a range-bound price channel, whereas Gold is clearly moving into a Pennant/Flag setup. BTCUSD appears to have broken the EPP Flag channel and should attempt to move down to GETTEX:92K over the next 5+ days. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
Xauusd | Market break the point 2770-2769 ?XAUUSD 2,770 885 | 27/January/2025 ( Market break the point 2770-2769 ) - This video is based on Educational Purposes In Our Past Commentary we discuss that market should close the candle below the 2770-2769 area and Currently market is at 2770.885 which is quite close So what will be the Possible Scenarios ? - Bearish Scenario : If Market closed the candle below our Observation point we will hold our positions to 2760 point and we are confident market will touched at 2750.00 so basically there are two regions (2750 and 2739) which are indicated trying to push from levels .Although if candles closed below this region our expectations would be to touched 2680.00 area a new lowest point - Bullish Scenario : if Market cant break the Support level which is at 2770 - 2769 area we are going to expect the All time high at 2790 to 2800.00 area
OANDA:XAUUSDShort
by professionaltradersfx
The Market Matrix - Gold, Crude, Nasdaq & DXY for Jan 26 2025This weeks edition of The Market Matrix. Disclaimer The information provided in this content is for educational and informational purposes only and should not be construed as financial advice, investment recommendations, or an offer to buy or sell any securities or financial instruments. Trading financial markets involves significant risk, including the potential loss of capital. Past performance is not indicative of future results. You are solely responsible for your trading decisions and should conduct your own research or consult with a licensed financial advisor before making any financial decisions. The creator of this content assumes no liability for any losses or damages resulting from reliance on the information provided. By engaging with this content, you acknowledge and accept these risks.
CME_MINI:NQ1!
by Tradius_Trades
XAUUSD Analysis: Potential Bearish Pullback Towards Key Support📉 XAUUSD Daily Analysis 🔍 🚨 Potential for a Bearish Pullback 🚨 Gold (XAUUSD) is showing signs of a potential downward move after rejecting a key resistance level. If this momentum continues, we could see the price heading towards the support zone at 2680/2670. 💡 Key Insights: 📌 Market rejection at resistance = possible bearish momentum. 📌 Target support area: 2680/2670. 📌 Risk Management: Stick to 1-2% risk on trades. ⚠️ Historical Note: When the market last hit an all-time high, it saw a sharp one-day drop. Stay cautious! 💬 Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively.
OANDA:XAUUSDShort
by MrStellanSight
2
Gold XAUUSD | SELL After Elliot's 5-WaveWave Analysis: Wave 1 (Initial Upswing): Price moved from 2661 to 2723, marking the start of the bullish trend. This wave is typically smaller as the market begins to establish direction. Wave 2 (Correction): A corrective pullback, retracing part of Wave 1. Price moved down but respected the Fibonacci retracement zone (likely between 50% and 61.8%). Wave 3 (Strong Upswing): The strongest and most extended wave, moving from 2695 to 2759. This wave aligns with higher momentum, reflecting a surge in bullish sentiment. Wave 4 (Consolidation): A sideways or shallow pullback, correcting Wave 3. This wave is less aggressive than Wave 2, often reflecting profit-taking and market indecision. Wave 5 (Final Push): The last leg of the upward impulse, with prices rising from 2743 to 2786. Momentum begins to weaken, and divergences on indicators like RSI or MACD might appear, suggesting exhaustion of the trend. Current Market Outlook: Trend Exhaustion: The completion of Wave 5 at 2786 suggests that the bullish trend is nearing its end. The possibility of a trend reversal or a corrective move downward is high. Potential Correction: After the completion of the impulsive wave, an A-B-C corrective structure is likely to unfold. Wave A could lead to an initial sell-off. Wave B might be a temporary rebound or retracement. Wave C would finalize the correction, potentially testing the 2661 level (Wave 1 origin). Key Support Levels: 2743 (Wave 5 origin): The first major support. 2695 (Wave 3 origin): The second support level to watch for. 2661: A full retracement target if the correction deepens. Resistance: 2786 (Wave 5 high) remains the key resistance level. A break above this might indicate an extension of the bullish trend. Trading Signal: Sell Entry: Upon confirmation of a break below 2743. Targets: First Target: 2710 (Wave 4 area). Second Target: 2695 (Wave 3 origin). Third Target: 2661 (Wave 1 origin). Stop-Loss: Above 2786 to avoid risk from a potential upward extension. Alternate Scenario: If prices break and sustain above 2786, it could indicate the continuation of the bullish trend. Look for further upside toward 2800–2820. Conclusion: Gold appears to have completed its five-wave impulsive structure. The next likely scenario is a corrective A-B-C wave formation or a trend reversal. Monitor key levels and confirmation signals before executing trades.
OANDA:XAUUSDShort
by Quinn901
1
XAUUSD ( GOLD ) | 1 DAY | SWING TRADING | ICT STRATEGY Hey there, friends! 👋 I’ve prepared a gold analysis for you using the swing trading style. 📊 Currently, the daily analysis aligns with the ICT market maker sell model. However, for these models to work, we need to see some sort of reaction in the market. Patience is key, so hang tight and wait for my analysis to be updated. ⏳ Once I spot a reaction, I'll share a golden target with you! 🎯 Don’t forget to hit the like button to stay tuned for updates! 🚀
OANDA:XAUUSD
by TraderTilki
Weekly and Monday analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ closed lower, finding support at the 5-day moving average. Last Friday unfolded as expected, with a correction to the 5-day line being part of the wave pattern, making a sell-oriented approach the best strategy for the day. The downward wave emerged in the afternoon rather than during the pre-market, resulting in extended consolidation. On the weekly chart, it formed a bullish candle, reaching the upper range of the box zone; however, the MACD has yet to fully cross above the signal line. This week, the area between the 3-day and 5-day moving averages (20,800–20,600) could act as a short-term pullback buying zone. If this area fails to hold and prices close lower with a bearish candle, the market might revert to maintaining a wide-ranging box zone. Therefore, it's crucial to close the week with a bullish candle to confirm a buy signal. On the daily chart, the MACD and signal line are positioned above the zero line, indicating that buying pressure could persist. However, the Bollinger Bands are narrowing, suggesting that significant additional surges are unlikely. A short-term correction perspective is advisable. If prices fail to decisively break above the 3-day moving average near 21,950, a correction to the 10-day moving average should be considered. The 240-minute chart shows the emergence of a long bearish candle forming a double top. If Friday’s low at 21,844 is breached, there’s a strong likelihood of filling the gap created on January 22. The MACD and signal line still show a significant gap from the zero line, so there could be support and a rebound at the lower levels. In summary, while a short-term sell perspective is advisable, buying opportunities could emerge near the gap-filling zone around 21,700 during pullbacks. OIL Oil closed higher at $74, finding support and forming a bullish daily candle for the first time in six trading sessions. This bounce establishes a foothold at the key support level of $74. On the weekly chart, prices found support at the 5-day moving average. Although the MACD has crossed above the zero line, the signal line is still slightly below it. If a bullish candle forms this week, it will confirm a buy signal on the weekly chart, favoring buy-oriented strategies. On the daily chart, prices could rise again, finding support at the 20-day moving average. However, the sharp downward angle of the recent decline from $79 and the ongoing sell signal from the MACD indicate that any rally may face resistance and pullbacks. If prices rebound to the $77–$78 range, there is a high probability of a pullback. The $74–$79 range is likely to hold, with a period of consolidation allowing moving averages to converge. On the 240-minute chart, bullish divergence is forming near $74, and the MACD is on the verge of generating a buy signal. A buy-oriented strategy on pullbacks is advisable. GOLD Gold closed higher with an upper shadow on the daily candle. On the weekly chart, prices reached the upper Bollinger Band. The MACD, however, has yet to achieve a golden cross above the signal line, keeping the sell signal intact. A strong rally with a long bullish candle would be required to confirm a buy signal. If additional upward momentum fails and prices start to decline, the MACD may turn downward again. The current gap between the MACD and signal line suggests that an immediate buy signal might not be achievable. On the daily chart, buying pressure remains strong, and as long as the 10-day moving average holds, a one-way buying trend is likely. On the 240-minute chart, resistance is evident at higher levels, and divergence in the MACD could occur. It’s advisable to avoid chasing prices higher. Given the staircase-like upward movement, a buy-oriented approach on pullbacks is recommended. This Week’s Key Events: FOMC meeting (Wednesday) Tesla and Meta earnings reports (Wednesday) Apple earnings report (Thursday) Expect heightened volatility on Wednesday and Thursday. Good luck with your investments this week! ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21,850 / 21,785 / 21,720 / 21,630 / 21,530 -Sell: 21,970 / 22,010 / 22,055 / 22,105 OIL - Range-bound Market -Buy: 74.15 / 73.40 / 72.80 / 72.40 -Sell: 75.20 / 75.95 / 76.40 / 77.10 GOLD - Bullish Market -Buy: 2,774 / 2,768 / 2,762 / 2,752 -Sell: 2,782 / 2,793 / 2,799 / 2,816 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Analysis of the latest gold market trends: Analysis of gold news: In the U.S. market on Friday (January 24), spot gold surged higher but encountered resistance and fell back. Spot gold bottomed out and rebounded on Thursday, falling to $2,735.83/ounce earlier in the session, but the change in the number of initial jobless claims in the United States performed worse than market expectations, and the dollar weakened after U.S. President Trump called for lower interest rates. Gold prices recovered all losses and closed at $2,754.59/ounce. Market attention remains focused on the broad impact of Trump's policies. Daniel Pavilonis, senior market strategist at RJO Futures, said: "Part of the reason is the dollar. The dollar rose early on Thursday and then was sold off, so it pushed gold off its lows. Thursday's trend is just a recognition of the direction of the White House. I think some of the volatility is due to this expectation." In his speech at the World Economic Forum, Trump emphasized his commitment to reverse inflation and announced that he hopes to cut interest rates immediately. He also urged other countries to take similar measures to address global economic challenges. However, according to the CME FedWatch Tool, traders believe that there is a 99.5% chance that the Fed will keep interest rates unchanged at the January 28-29 meeting. The uncertainty of Trump's future policies has prompted market participants to flock to safe-haven assets such as gold to hedge against volatility. Investors need to pay attention to Trump's dynamic news and changes in market sentiment. This trading day also needs to pay attention to the Bank of Japan's interest rate decision and the January PMI data of European and American countries. Gold technical analysis: The trend of gold prices is in line with our expectations. It has fallen back and risen many times during the period, and it has been emphasized many times recently that the 2790 line is the ultimate goal, and it is getting closer and closer! Gold first stepped back and then rose, closing higher at the end of the day. It stepped back to the 2736 line on the middle track of the 4-hour chart and stabilized and then rose and closed at a high level. The long channel remains unchanged, and the trend of rising while consolidating and correcting. The daily line is still strong and the strong consolidation correction replaced the retracement correction, closing at a high level in late trading. There is a high probability of breaking the high momentum the next day. Gold prices also opened up without hesitation in the Asian morning session. If it continues to break through the high of 2763 today, today's high will go directly to 2790! During this period, we will continue to maintain the idea of ​​falling back and going long! Gold is running in the 4-hour rising channel, which is also a step-up rising channel. Yesterday, it stepped back close to the critical point of the middle track. It has been emphasized before that in a unilateral market, the middle track is a strong and weak dividing point. Keep the middle track and look long. Yesterday, it perfectly stepped back to the middle track, which is equivalent to a perfect opportunity to enter the long position. The strong market is afraid of not giving the opportunity to enter the market. As long as there is a gold step-back, it is an opportunity to go long. The defensive position can be moved up to 2736. Traders who do not have any trading orders also choose to step back to go long at a low position. Because the gold price has also adjusted in the process of yesterday's downward exploration, and this wave will also be a new wave of rising waves, gold will inevitably rise and break through the previous high of 2763 and move towards a higher point! On the whole, our professional gold analyst team recommends that the short-term operation strategy for gold should be mainly long on pullbacks, supplemented by shorting on rebounds. The short-term focus on the upper side is the 2793-2798 resistance line, and the short-term focus on the lower side is the 2765-2760 support line.
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our analysis playing out as analysed with our level breaks giving us confirmation range to range. We like to see these corrections down, which then allows us to buy dips safely riding the long term trend. We got our bearish target hit at 2768, which followed with a cross and lock opening 2757 and a further lock below 2757 opening 2746. Both targets were hit perfectly. We are now seeing a lock below 2746 opening 2732. We were able to take our weighted level bounces on the way down clearing 30 to 40 pips on each weighted level just like we analysed. Failure to lock below any weighted levels will see reactional bounces to test upper Goldturns. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2778 EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET 2787 EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET 2808 BEARISH TARGETS 2768 - DONE EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET 2757 - DONE EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET 2746 - DONE EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET 2732 EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE SWING RANGE 2707 - 2697 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
XAUUSD - Gold Enters the Last Week of January!On the 4-hour timeframe, gold is above the EMA200 and EMA50 and is in its ascending channel. If gold rises to the previous ATH, we can look for selling positions at the ceiling indicated by the target of the midline of the ascending channel. A correction of gold towards the demand zone will provide us with its next buying position. Last week, the gold market showcased one of its most stable and impressive performances in recent months, seemingly adapting to the shocks and uncertainties introduced by the newly established U.S. administration. Darin Newsom, Senior Market Analyst at Barchart.com, highlighted that given global markets’ reaction to the unpredictability of the new U.S. president, there appear to be few barriers to new record highs for gold. He stated, “At this point, we can set aside technical and fundamental analysis. Gold is acting as a safe haven against the chaos stemming from the new U.S. government. No one knows what the next statement or action will be.” According to the latest U.S. Purchasing Managers’ Index (PMI) report released by S&P Global, the services sector index dropped to 52.8, marking its lowest level since April of last year and falling below market expectations of 56.5. Meanwhile, the manufacturing PMI rose to 50.1, exceeding the forecasted 49.7. The composite PMI also decreased to 52.4. Although confidence in the services sector has declined from its 18-month peak in December, it remains the second-highest level recorded in the past year.Additionally, the services sector experienced the fastest rate of job creation in 30 months. Input costs and selling prices across sectors also rose at the fastest pace in four months. Chris Williamson, Chief Economist at S&P Global, commented on the data, stating that U.S. businesses began 2025 with optimism about the new administration’s policies. In particular, growth expectations in the manufacturing sector have increased due to anticipated government support. He also noted that while GDP growth slowed slightly in January, sustained business confidence suggests this slowdown may be temporary. The rise in hiring rates, driven by improved business outlooks, is another encouraging sign. However, Williamson warned about increasing inflationary pressures. Companies reported that rising supplier costs and higher wages, driven by labor shortages, have led to price increases. If this trend continues, concerns about inflation could intensify, prompting the Federal Reserve to adopt more hawkish policies. Rich Checkan, President and COO of Asset Strategies International, predicted that gold might experience a price correction in the short term. He explained, “While the long-term trend for gold remains bullish, thanks to the mismanagement of fiat currencies, I anticipate a price correction this week. Gold has approached historical highs today, but uncertainties surrounding the upcoming Federal Open Market Committee (FOMC) meeting could prompt investors to take profits, leading to a temporary price pullback.” This week, officials from major central banks worldwide will convene to make critical decisions. These meetings come as discussions about President Trump’s tariff threats resurface. The Federal Reserve, the European Central Bank (ECB), and the Bank of Canada (BoC) are all scheduled to hold their monetary policy meetings this week.
FOREXCOM:XAUUSDLong
by Ali_PSND
How to Enter a BUY In GOLD This Week! Step By Step!This is how I do it every trading day, and I want to share it with my viewers! Make sure your time frame alignment is one of the following: Weekly - 4H - 15m - 1m Daily - 1H - 5m - 1m Then make sure your bias is aligned on each one of those TFs. Then enter your trade on the 15m or 5 minute. You're all set! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!
by RT_Money
2
XAGUSD POSSIBLE TRADE SETUPPotential Trade Setup on XAGUSD The price just got rebounded from a very strong resistance, just to go back and retest the range bottom (support) zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market. The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade. A BUY opportunity is at the top above the weekly Low at $30.953. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FOREXCOM:XAGUSDShort
by Adefxc
GOLD MARKET ANALYSIS AND COMMENTARY - [January 27 - January 31]Last week, the gold market continued to benefit from concerns related to tariffs and US President Donald Trump's statements on interest rates, along with a decrease in US bond yields and the USD, and gold prices traded. trading near a 3-week high of above 2,750 USD/ounce. Ahead of the monetary policy meeting next week, it is predicted that the US Central Bank will keep interest rates unchanged and there will only be one interest rate cut this year, while Mr. Trump called on banks to Global central banks lower interest rates. This means there may be disagreements between Mr. Trump and the Fed. This is something that traders are paying attention to and gold prices are likely to benefit from its role as a safe haven asset. This week's economic calendar will focus on central banks globally, with the US Federal Reserve and Bank of Canada announcing interest rate decisions on Wednesday, followed by an announcement from the European Central Bank. Europe on Thursday. The market will also pay attention to some US economic data, including the December new home sales report released on Monday, durable goods and consumer confidence reports on Tuesday, GDP Fourth quarter weekly unemployment claims and pending home sales on Thursday, and PCE, personal income and personal spending on Friday morning. 📌Technically, on the H4 chart, this week's gold price has broken out of the Downtrend line and the important resistance level at 2725, gaining momentum to near the 2790 resistance threshold. Next week, if the 2790 resistance mark is broken, broken, gold prices will continue to set record high prices for early 2025. Notable technical levels are listed below. Support: 2,730USD Resistance: 2,770 – 2,762 – (All-time high) SELL XAUUSD PRICE 2831 - 2829⚡️ ↠↠ Stoploss 2835 BUY XAUUSD PRICE 2712 - 2714⚡️ ↠↠ Stoploss 2708
OANDA:XAUUSD
by Xayah_trading