SPY/QQQ Plan Your Trade For 1-8-25: RALLY patternPlease take a few minutes to watch this entire video.
I spent quite a bit of time trying to explain to all of my followers why the markets are struggling to find a trend and why the volatility has been so excessive over the past 3+ months.
Simply put, the markets are trying to reprice a Trump Economy (changing from a Biden economy).
In my opinion, the new Trump economy will still be decent/good - but there will be changes and the US Fed is still trying to borrow based on past data - which traders no longer believe is going to be valid reflecting future US economic/policy actions.
Thus, yields are rising as investors demand MORE PROTECTION against unknowns.
And, THAT is one of the primary reasons why the US Dollar and Yields are really driving most of this market volatility.
Again, simply put, investors/traders are unsure of what the future US/global economy looks like (specifically with Trump suggesting he is going to "streamline" the US government/agencies, and fix the US BLOAT). To many people, that is a big unknown.
I do believe today's Rally phase in the SPY/QQQ, as well as the Rally phase in Gold, will resolve to the upside. Yesterday's move was, IMO, another "washout low".
We'll see how things play out today and see IF we get a RALLY move in the markets.
Bitcoin rolled downward right at the dual Flag levels - just as I suggested. Now we'll see Bitcoin roll back towards recent lows - trying to identify support, or break downward - targeting the $72k I suggested would be the next lower level.
Get some.
Stay ahead of these markets and remember to trade efficiently (BOOK PROFITS).
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Gold
GOLD - Price can rise a little and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined inside falling channel, where it fell to support line and then rose to resistance line.
Then Gold fell to $2615 support level, after which made a strong upward impulse, thereby exiting from channel.
Also later, price broke $2665 level and then rose to $2726 points, after which started to trades in triangle.
In this pattern, price dropped to support line, breaking $2665 with $2615 levels and then trading between $2615 level.
Later Gold finally broke $2615 level and rose to resistance line of triangle, after which made correction.
Now, I think that price can rise to almost resistance line of triangle and then start to decline to $2615 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
TP REACHED ON XAUUSDEarlier this morning I posted to sell on XAUUSD with a 1:2 target, and the market filled our TP with a total of 2 contracts, we added ourr 2nd one at the FVG we had and which the market filled.
I made a mistake in the previous post when I didn't pay attention the the levels since I placed the TP lvl a bit lower than 1:2, but on my broker and for the people I give trades to it went perfectly.
Follow for more!
Gold Buy Setup: Bullish Price Action at Fibo 61.8#GOLD has completed a short-term pullback on the H4 chart and now shows bullish price action signals at the Fibonacci 61.8 retracement level. Two consecutive pin bars support this zone, indicating a strong rejection of lower prices. The structure aligns with a 5-3 wave setup, suggesting the potential for at least a three-wave upward movement.
My initial targets are the key resistance levels at 2660 and 2700, where I anticipate significant price reactions. If these levels are cleared, it could lead to a breakout of the previous structural resistance, paving the way for a stronger bullish continuation. On the flip side, failure to break these levels may result in a bearish reversal.
This setup provides a high-probability trade with an excellent risk-to-reward ratio for upside movement.
XAU/USD : Ready for LONG? (READ THE CAPTION)Based on the 4-hour gold chart analysis, we observe that the price followed the second scenario from the previous analysis. Failing to break and hold above $2662, it experienced a deeper pullback, correcting down to $2625. Currently, gold is trading around $2633, and if it manages to hold above $2626, we can expect further upside potential. The possible targets for this upward movement are $2638, $2647, and $2656.
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
XAUUSD: Gold will continue its upward trend?!Gold is above the EMA200 and EMA50 in the 4-hour timeframe and is in its ascending channel. The continued rise of gold towards the supply zones will provide a position to sell it with a suitable risk reward.
The performance of commodities in 2024 was highly diverse. While investors turned to gold as a hedge against inflation, other commodities like iron ore experienced declines due to weak economic growth in China, the world’s largest metals consumer. It seems that the story this year will resemble that of the previous year.
Sabrina Chaudhry, Head of Commodities Analysis at BMI Research, stated, “Commodities will generally face pressure in 2025,” adding that the strong US dollar will limit demand for dollar-priced commodities.
Adrian Ash, Director of Research at BullionVault, a gold investment services company, said investors are optimistic about gold and silver in 2025 due to pessimism surrounding geopolitical conditions and rising government debt, emphasizing gold’s role as a risk hedge.
Analysts at J.P. Morgan also predict that gold prices will rise, especially if U.S. policies take a more “disruptive” turn through increased tariffs, heightened trade tensions, and greater risks to economic growth.
Gold recorded its best annual performance in over a decade last year. According to FactSet data, gold bullion prices rose by approximately 26% in 2024, driven by central bank purchases as well as retail investment.
Data indicates that China purchased gold for the second consecutive month in December. The country’s gold reserves increased to 73.29 million ounces in December, up from 72.96 million ounces in November. China’s gold buying pace has nearly doubled, with December’s 0.33 million-ounce increase significantly surpassing the 0.16 million-ounce rise in November. The value of China’s gold reserves is now estimated at around $191 billion, while its total foreign exchange reserves stand at $3.2 trillion.
Meanwhile, Goldman Sachs has postponed its previous forecast of gold prices reaching $3,000 per ounce by the end of 2025 to mid-2026. This adjustment is attributed to expectations of a slower pace of interest rate cuts by the Federal Reserve.
A slower reduction in interest rates in 2025 is likely to limit demand for gold-backed Exchange-Traded Funds (ETFs). As a result, analysts such as Lina Thomas and Dan Stryon have forecasted gold prices to reach $2,910 per ounce by the end of the year. In a note, they mentioned that weaker-than-expected ETF inflows in December — attributed to reduced uncertainty following the U.S. elections — also contributed to a lower starting point for prices in the new year.
Analysts commented, “Counteracting forces — reduced speculative demand and increased central bank purchases — have effectively neutralized each other, keeping gold prices range-bound in recent months.”
They further emphasized that central bank appetite for gold purchases remains a key driver for prices in the long term. Analysts projected, “Looking ahead, we expect monthly gold purchases to average 38 tons through mid-2026.”
GOLD Will Move Higher! Buy!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,653.865.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,713.989 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Gold’s Next Move: Upward Momentum Building at Key SupportGold is reacting exceptionally well to the Fork.
It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations.
Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside.
In my previous post about Gold, I anticipated a rocket-like breakout. Since then, price has simply moved down to the L-MLH, finding support there. This price action, coupled with the ongoing upward pressure, confirms my analysis—albeit slightly delayed.
As NQ and S&P approach their respective targets, as outlined in my other analysis, I expect Gold to start moving upward, with targets at the CL and U-MLH.
GOLD → The calm before the storm. What to expect?FX:XAUUSD is consolidating above 2645 and trying to test the strong resistance of 2664. Downside risks are quite high and it may happen after liquidity capture.
Gold has high risks due to yesterday's favorable data in the US. Hawkish expectations for the Fed, strong economic data put the dollar back on the northbound train. Markets priced in a 35% chance of a Fed interest rate cut this month.
Trump takes office on Jan. 20 and his proposed tariffs and protectionist policies are seen as inflationary, requiring higher interest rates and a stronger U.S. dollar. If risk aversion intensifies amid renewed geopolitical tensions in the Middle East or Trump's tariff threats, that could send gold higher
A symmetrical triangle is forming on D1, which confuses everyone - where will the price go? And all because the technical situation is neutral.
Resistance levels: 2664, 2674
Support levels: 2645, 2632.
False breakdown of resistance can provoke a fall to the strong support, the border of the triangle. Gold is growing reluctantly and slowly, as if something is in the way, and the risks and pressure are increasing.
BUT! If the price goes to 2664, it is important to watch the price reaction to this level: consolidation above the level may provoke further growth to 2674. Similarly with the support of 2645
Regards R. Linda!
XAUUSD: 8/1 Today's Market Analysis and StrategyTechnical analysis of spot gold
Daily resistance 2664, support below 2580
Four-hour resistance 2664, support below 2642
Gold operation suggestions: The rhythm of the shock has not changed, the wide range of shocks in the large range, try not to make a move in the middle position, especially the long and short situation in the European session is very critical. At present, the key selling pressure above is still at the 2665 line, and the price has also hit a high and stopped here for many times. The support below the day is at the 2632 line. For the time being, it is around this range to sell high and buy low, and wait patiently before participating.
In the 1-hour trend, gold hit a high and was suppressed by 2665, then fell to 2642 and rebounded. It rebounded to 2655 in the late trading and then fell again. Today, it continued to fall to 2645 in the Asian session, but has not yet fallen below the overnight low of 2642. Then the European session will focus on 2642 and 2655. The breakthrough will be postponed to a certain extent, but it is still difficult to escape the repeated sawing of the large range. It is temporarily on the sidelines during the day. The middle position is to shuffle back and forth repeatedly. Don't rush to enter the market. Pay attention to the trend of the European session and put the trading time in the US session. Try to trade at the edge of 2632-2665.
It should be noted that if it breaks through 2665, it may form a unilateral rise, and then it will follow the trend and buy.
BUY:2642near
BUY:2627near
SELL:2664near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Pay attention to ADP and FOMC minutes of the dayOn this trading day, Wednesday January 8, investors will need to focus on US ADP jobs data and Federal Reserve meeting minutes, which are expected to causing major fluctuations in the market.
On Wednesday, US ADP employment change data for December will be released. This data is called "small non-farm" and is expected to create a major trend in the market.
Surveys show that US ADP employment is expected to increase by 140,000 in December. Previously, US ADP employment increased by 146,000 in November.
On the same day, one of the Federal Reserve's most influential senior officials, Governor Waller, will give a speech on the economic outlook at the OECD meeting.
On Thursday, the US Federal Open Market Committee (FOMC) will release the minutes of its December monetary policy meeting. The minutes could provide more information about the future policy roadmap, especially whether the Fed will actually become hawkish or not.
At its December meeting, the Fed cut interest rates by 25 basis points as expected, and officials forecast just two rate cuts in 2025. Fed Chairman Jerome Powell said further adjustments will be made. depends on inflation developments.
The accumulation state on the daily chart of gold prices is still continuing. After yesterday's recovery, the upward momentum is limited by the 0.50% Fibonacci retracement level. Attention readers in the previous issue there.
Up to now, the price activity position is becoming increasingly narrower, gradually entering the corner of the accumulation price triangle. This shows hesitant market sentiment, and predicts an impending spike in amplitude.
Regarding the overall picture, the gold price trend is still neutral, sticking around EMA21 and the Fibonacci level of 0.618%. With upside limited by 2,664 – 2,693USD and downside limited by 2,604 – 2,600 – 2,592USD.
Along with that, the Relative Strength Index is still sticking around 50, also showing the market's hesitant psychology.
Before the fundamental impact creates price structural mutations, gold still has a neutral outlook, with a cumulative sideways trend, and notable levels will be listed as follows.
Support: 2,634 – 2,604 – 2,600USD
Resistance: 2,664 – 2,693USD
SELL XAUUSD PRICE 2677 - 2675⚡️
↠↠ Stoploss 2661
→Take Profit 1 2670
↨
→Take Profit 2 2665
BUY XAUUSD PRICE 2617 - 2619⚡️
↠↠ Stoploss 2513
→Take Profit 1 2624
↨
→Take Profit 2 2629
NASDAQ Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20,900 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 20,900 support and resistance area.
Trade safe, Joe.
Analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed lower due to disappointment following Nvidia's new product announcement. On the daily chart, the MACD failed to converge with the Signal line, turning downward, and strong selling pressure emerged. If the weekly chart shows a candle with an upper wick breaking below the 10-day moving average, a dead cross on the MACD is likely. On the daily chart, the index has found support twice at the 60-day moving average. However, if it breaks below this level during the current selling wave, there’s potential for further declines toward the monthly 5-day moving average at 20,880.
The 240-minute chart has triggered a sell signal around the MACD zero line, indicating the possibility of steep declines if selling continues. The Nasdaq is currently forming a pattern of lower highs, favoring sell-side strategies. However, with Friday's non-farm payroll data approaching, pre-market movement may remain range-bound.
Oil
Oil closed higher, finding support at the 5-day moving average. Although it hasn’t pulled back to the 3-week moving average on the weekly chart, continued gains this week could result in a candlestick pattern that reflects support at this level. Strong buying momentum persists on the daily chart, making buy-side strategies advantageous. Selling opportunities may arise if oil challenges the previous high at $76.
The steep divergence between current prices and daily moving averages suggests the need for some price or time correction to bring the moving averages closer. On the 240-minute chart, a sell signal emerged but was followed by a short-term rebound. Given the divergence and angles of the MACD and Signal lines, an immediate breakout to the upside seems unlikely. If prices rise but the MACD fails to form a golden cross, a pullback is likely. Avoid chasing the rally; instead, focus on buying dips at key levels and selling at highs.
Gold
Gold closed higher with an upper wick, showing significant volatility following economic data releases. On the daily chart, gold continues to consolidate within a range. As Friday’s non-farm payroll data approaches, further consolidation is likely, so avoid chasing buying at highs or selling at lows. The MACD and Signal lines on the daily chart show minimal divergence, indicating a range-bound movement.
On the 240-minute chart, another buy signal has appeared, but given the upcoming data releases, it’s more practical to approach this as part of a range-bound strategy rather than expecting a breakout. Exercise caution and focus on range-trading until clearer trends emerge.
■Pre-Market Trading Strategies
Nasdaq - Range-bound Market
-Buy Levels: 21,280 / 21,230 / 21,160 / 21,060 / 20,990
-Sell Levels: 21,450 / 21,505 / 21,555 / 21,600 / 21,680
Oil - Bullish Market
-Buy Levels: 74.20 / 73.80 / 73.10 / 72.70
-Sell Levels: 74.90 / 75.40 / 76.40 / 77.20
Gold - Range-bound Market
-Buy Levels: 2,659 / 2,654 / 2,649 / 2,644 / 2,635
-Sell Levels: 2,669 / 2,676 / 2,681
These strategies are applicable only during pre-market hours, with profit-taking and stop-loss levels set as follows: Nasdaq: 15 points, Oil and Gold: 15–20 ticks.
Trade successfully while keeping an eye on market indicators!
GOLD WILL FALL|SHORT|
✅GOLD is approaching a supply level of 2665$
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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XAUUSD: One last pullback possible, but bullish long term.Gold is neutral on its 1D technical outlook (RSI = 51.979, MACD = -4.490, ADX = 14.647) as once more it got rejected on the 1D MA50, struggling to close a 1D candle over it since December 12th 2024. Technically though, it is on a slow rise on the bottom of the Channel Up, potentially a bottom formation like June 2024. Even though one last pullback like June 26th 2024 is possible, the long term trend remains bullish as long as the 1D MA200 holds. As the July rally did, we aim for a little under the 2.0 Fibonacci extension (TP = 2,850).
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GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts today with our analysis playing out to perfection!!
Yesterday after bouncing off the retracement range we stated that 2611 was a weighted level and as long as we see no lock below 2611, we should see a continuation of the bounce into completing the Bullish gap at 2661
- This played out perfectly with our bullish target 2661 being hit today completing this range. Lovely catch from yesterdays update.
No lock above 2661 confirmed the rejection. We will see play between 2661 and 2633, until one of the weighted levels break and lock to confirm the next range.
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
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2681
EMA5 CROSS AND LOCK ABOVE 2681 WILL OPEN THE FOLLOWING BULLISH TARGET
2711
BEARISH TARGETS
2633 - DONE
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE FOLLOWING BEARISH TARGET
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE FOLLOWING BEARISH TARGET
2593
EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE
SWING RANGE
2570 - 2551
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
GOLD → Price buyback, local bull characterFX:XAUUSD is in a narrow channel, in consolidation, which complicates intraday movement, but nevertheless traders have a chance for possible growth. There is a lot of important news ahead that may give traders a chance.
Despite the strong intraday movement in gold, we can say that the price is standing still in the range of 2600 - 2660. Quite a difficult place for the price due to the huge density of volumes, levels, tails... Traders are refraining from new directional bets ahead of the release of crucial data on ISM Services PMI and JOLTS job openings in the US.
After a strong fall the price was bought back and returned to resistance 2648 - 2650, most likely further struggle will be for this area. The falling dollar broke the support line, thus giving an advantage to gold.
Gold and the dollar are already starting to feel Trump's power and are reacting to his statements as quickly as they did during the last period of his presidency....
Resistance levels: 2649, 2664, 2674
Support levels: 2632, 2610
Until the price leaves the channel 2600 - 2665, most of the movements will not be very clean (nature of price movement inside consolidation). At the moment the emphasis is on 2649. If the bulls will keep the defense above this zone, then in the short term the price may show growth to the local maximum
Regards R. Linda!