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Prime Buying Opportunity for Crude Oil Nearing Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend. Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading. Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy. For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
TVC:USOILLong
by Futureguard
GOLD : Consolidation with Bearish Breakout Gold Technical Analysis The price reached our bearish target of 2739, as anticipated in yesterday's analysis, starting from 2758. Currently, there is potential for the price to touch 2747 before resuming a downward movement. If a 15-minute candle closes below 2739, the price is likely to drop further, targeting 2731 and 2722. For now, the movement range remains between 2739 and 2756 until a breakout occurs. A breakout above 2759 will likely drive the price higher, targeting 2773 and 2787. A sustained 1-hour candle close below 2739 will confirm further bearish movement. Key Levels: Pivot Point: 2739 Resistance Levels: 2756, 2773, 2787 Support Levels: 2731, 2722, 2706 Trend Outlook: Bullish Trend if break above 2759 Bearish Trend if a 1-hour candle closes below 2739 Previous idea:
OANDA:XAUUSDShort
by SroshMayi
SPY/QQQ Plan Your Trade For 1-23-25 : Carryover PatternToday's Carryover pattern suggests the markets will attempt to hold near recent support while attempting to determine trend. I view it as move of an indecisive day - looking to see if the markets can break to new all-time highs or if the markets have reached the top I've been discussing. In my opinion, today will be a pause/consolidation day in the SPY/QQQ - leading to the big CRUSH pattern tomorrow. Gold and Silver are under quite a bit of pressure this morning. The metals pattern is a BOTTOM pattern. So, I expect this selling in metals to be reflective of issues that will drive the SPY/QQQ downward tomorrow (the CRUSH pattern) and likely result in a moderate downward trend in the SPY/QQQ over the next 2 weeks. Metals will recover and try to move higher as metals continues to hedge against global risks. BTCUSD is moving downward - trying to break below the Flag Support level of the EPP pattern. I believe tomorrow will be a pivotal day for the markets and today will be a fairly consolidated day overall. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
"JPY/USD Bearish Channel Analysis: Potential Reversal Near ResisThis chart shows JPY/USD moving within a clear descending channel, marked by a resistance trendline (upper boundary) and a support trendline (lower boundary). The price is respecting the structure of the channel, bouncing between these trendlines. ### Key Observations: 1. **Current Position:** The price is near the resistance trendline, suggesting a potential reversal to the downside in line with the channel's bearish trend. 2. **Projected Move:** Based on the arrow drawn, the expectation is for the price to move lower toward the support trendline. 3. **Trend:** The overall structure indicates a bearish market within this channel. ### Possible Action: - Look for selling opportunities around the resistance trendline with targets toward the lower boundary of the channel (support). - Watch for a breakout from the channel if momentum builds significantly, as this could indicate a change in the trend.
Short
by TRADE_CENTER_1
GOLD - Price can make move up and then fall to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price broke $2640 level and then declined a little, after which turned around and started to grow inside channel. In channel, price reached support area and then bounced to support line of channel, and then rose higher than $2640 level, breaking it. Next, Gold corrected and then continued to grow to resistance line of channel, after which made a small correction again. Price rose to $2720 level, broke it, and madea retest, after which it soon exited from rising channel as well. After this movement, Gold rose a little higher and then started to decline, so, now I think it can rise a little. Then Gold can continue to decline to $2710, which is located in support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
XAU/USD : Liquidity Grab at $2733, Next Trend Awaits NY Session!By analyzing the 4-hour gold chart, we see that the price finally broke out of the neutral range of $2702-$2714 today, reaching as high as $2733 and clearing liquidity above $2727. After this liquidity grab, gold experienced a slight correction, retracing to $2717. Currently, the price is trading around $2722. As the New York market opens, we’ll see if gold can establish its next trend. It’s still too early to declare a bearish shift, as the bullish trend remains intact until the price breaks and stabilizes below $2688. For now, consider these levels for positions: Supply Zones: $2727, $2742, $2753 Demand Zones: $2717, $2711, $2703 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
OANDA:XAUUSD
by ArmanShabanTrading
38
HelenP. I Gold can rebound from trend line to support levelHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price declined to the trend line and then at once rebounded from this line to support 1, which coincided with the support zone, breaking support 2. Then the price made a correction, after which reached the trend line and then rebounded and rose back to the support zone (2725 - 2715) and then dropped to the trend line. When the price fell to this line, it broke it and declined to the support zone, which coincided with support 2 and then started to grow inside the upward channel. In the channel, the price reached the support line and some time rose near this line and then bounced and in a short time rose to support 1. Soon, the price broke this level and continued to move up next and now it almost reaches the trend line. For this case, I expect that XAUUSD will reach this line and then turn around and start to decline to support level inside an upward channel. That's why I set my goal at the 2715 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
EUR/USD : Possible Fall Ahead? (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that the price finally hit the 1.044 target, delivering a 250-pip return. Currently, EUR/USD is trading around the 1.041 level. If a strong rejection occurs at this zone, we can anticipate a potential drop toward 1.035 as the first target and 1.025 as the second target. This analysis will be updated accordingly! The Main Analysis : 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
22
XAUUSD - Gold Awaits Weekend Data Releases?!Gold is trading above the EMA200 and EMA50 on the 4-hour timeframe and is in its ascending channel. If gold rises towards the channel ceiling and supply zones, we can look for short positions targeting the channel midline. The gold market has kicked off 2025 with one of its best starts since 2023 and is on track to achieve its strongest monthly performance since September. Prices are currently testing the high range near $2,750 per ounce. A fund manager noted that this robust start to January could signal another strong year for the precious metal, even after gold recorded a 27% price increase last year. In his 2025 outlook report, Eric Strand, founder of the precious metals-focused AuAg Funds, projected that gold prices will surpass $3,000 per ounce this year. He stated: “We expect gold to break the $3,000 barrier during the year and possibly reach even higher levels by year-end, with a realistic target of $3,300.” Strand’s bullish target represents a 20% increase from current levels. Strand suggested that the new Trump administration might usher in a period of more accommodative monetary policies and larger government stimulus programs. In his report, he explained: “Both Donald Trump and Elon Musk have built their empires on extensive borrowing while driving forward at full speed. This approach will likely persist for the next four years as governments strive to avoid an economic downturn at any cost to create a positive boom. However, the price of this strategy will be monetary inflation. Such an inflationary boom creates a financial environment where commodity prices, including gold, rise significantly.” As U.S. national debt has reached unprecedented levels, now exceeding $36 trillion, Strand highlighted that the United States is not alone in facing this challenge. He emphasized that governments worldwide continue to increase spending through deficit financing. He noted: “The amount of money circulating in the system is increasing without generating substantial real growth, which naturally means each unit of currency becomes less valuable.” Meanwhile, gold prices remain near all-time highs against major currencies such as the euro, British pound, Chinese yuan, Canadian dollar, and Australian dollar. Gold continues to stand out as a safe-haven global asset as the trend of de-globalization accelerates. Countries are moving away from dependence on the U.S. dollar and diversifying their currency reserves. (De-globalization refers to the process of reducing or reversing global integration, including less free trade, restricted capital flows, reduced interdependence, and a rise in nationalist and local policies.) Strand stated: “We have seen the beginning of de-globalization, and it appears to be gaining momentum, particularly as the U.S. seeks to impose conditions that serve its own interests. Policies such as ‘America First’ and high tariffs may benefit the U.S. economy, but they also undermine trust in the country as a leader in free-market economies.” He added: “This new phenomenon is likely to create inflationary pressures and may lead to waves of currency devaluation in other nations as they attempt to offset the effects of tariffs.”
FOREXCOM:XAUUSDShort
by Ali_PSND
GOLD PRICES RETREAT AS STRONG DOLLAR PREVAILS AND ECONOMIC DATA Economic Data Impacting the Market On December 12, 2024, the U.S. Bureau of Labor Statistics released important economic data. The Producer Price Index (PPI) rose by 0.4% in November, higher than the expected 0.2%, and showed a 3.0% increase over the year, marking the largest gain since February 2023. Additionally, the core PPI, which excludes food and energy, went up by 0.2% for the month and 3.5% annually. Initial jobless claims for the week ending December 7 reached 242,000, significantly above the expected 220,000, indicating rising unemployment. These mixed signals highlight ongoing inflation pressures alongside a weakening job market. Fed Rate Cut Expectations Shift According to the CME FedWatch Tool, the probability of a rate cut by the Federal Reserve in December has decreased to 96.70% from 97.50% a day ago, signalling changing market expectations.
OANDA:XAUUSDShort
by DynamicCapital-FX
Gold Today: Buy or Sell ?Hello everyone, what do you think—should we buy or sell gold today? Currently, gold remains highly attractive to bullish investors, climbing to its highest levels in weeks, supported by a sharp decline in the USD Index, with prices hovering around the $2750 region. On the 4-hour technical chart, gold consistently shows BOS (Break of Structure) patterns, signaling that the bullish momentum may continue for now. Key levels to watch are the $2760 resistance and $2720 support zones, which are critical areas for potential breakouts and strength for the metal. Personally, I lean toward a buying strategy. What’s your take? Don’t forget to set your TP and SL when trading!
OANDA:XAUUSD
by WIN_Vachirawit
1
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
Gold → A Bear Wedge Pattern is forming. What's Next?OANDA:XAUUSD consolidating above the 2715 level, while simultaneously a bearish wedge pattern maintains the recent upward trend. Theoretically, the price will break the support level, creating a breakout at the 2715 zone. On the H1 timeframe, the support zone of 2715-2715 has formed and price is moving towards reacting at this support area. If buyers maintain this zone, price may retest the upper boundary of the rising channel or the important psychological level of 2748 before further decline. However, a breakthrough below this level will lead to an earlier price drop. Additionally, the USD is also consolidating above the support zone, creating a corresponding reaction in the gold market. Resistance levels: 2738, 2748, 2758 Support levels: 2716, 2703, 2693 I expect a correction following the false break of the 2715 level. Price consolidation below this level will lead to a deeper decline.
OANDA:XAUUSDShort
by Bentradegold
GOLD → False or true resistance breakout?OANDA:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel. The struggle that has not ended creates risks for both buyers and sellers. The weakening USD, coupled with the lack of clarity surrounding President Donald Trump's policy plans and ongoing trade wars, continues to provide support for gold. Inflation expectations are rising amid a period of economic and geopolitical uncertainty, forcing the Federal Reserve (Fed) to maintain high interest rates for an extended period to control increasing price pressures. Since taking office, President Trump has provided little detail on his proposed tariffs, raising questions about the seriousness of these measures and their potential impact. In the coming days and weeks, the precious metals market will be influenced by constantly shifting news from Washington. Resistance levels: 2758, 2770 Support levels: 2750, 2745, 2730 Currently, prices are consolidating above previously broken resistance levels. If there is no bullish momentum and the price breaks through a false resistance channel, gold may decline toward 2745 - 2730. However, a breakout above the local resistance level could trigger buying and push the price to the target: 2770. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
4
Gold prices gain momentum from Trump's tariffsGold prices hit a more than 11-week high in afternoon trading on January 22, not far from last year's record, driven by safe-haven demand amid uncertainty over US President Donald Trump's trade policies and a weak US dollar. Spot gold rose 0.3% to $2,751.89 an ounce at 12:02 (Vietnam time), after hitting its highest since November 1 earlier in the session, and nearing a record $2,790.15 an ounce set in October 2024. US gold futures also rose 0.3% to $2,768.40 an ounce. There is still some uncertainty regarding the timing of Trump’s tariff plans with major US trading partners, which has created uncertainty about the direction of the US dollar, which is the main short-term catalyst for gold prices, said Kelvin Wong, senior market analyst for Asia Pacific at OANDA. Gold’s appeal as an inflation hedge could be dented if Mr Trump’s policies, which are seen as inflationary, lead the US Federal Reserve to maintain high interest rates for a prolonged period. Higher interest rates reduce the appeal of gold, which does not pay interest.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher on news of President Trump’s plans to expand AI investments. It surged strongly to the upper Bollinger Band on the daily chart, lifting the MACD above the zero line. However, a gap formed due to Netflix's earnings report, and there is a possibility that this gap could be filled during future corrections. While the signal line remains below the zero line on the daily chart, indicating the potential for a pullback, strong buying momentum on the 240-minute chart suggests the NASDAQ could rise further to the 22200–22300 zone. A sell-off might emerge only if the MACD on the 240-minute chart dead crosses the signal line, signaling a shift to a bearish trend. There is also upside potential to 22250, the upper boundary of the weekly chart, so it's wise to keep this level in mind. For now, focus on buying dips, but keep an eye on the transition from an uptrend (positive alignment) to a downtrend (negative alignment) on the short-term charts. If the 240-minute MACD dead crosses, it could signal a correction, so monitor the price movements closely. CRUDE OIL Crude oil closed lower, consolidating in a box range near the $75 level. The large bullish candle from January 10 serves as a key reference point, with the midpoint of that candle acting as a support level. For a rebound on the daily chart, a bullish candle needs to form. Currently, the MACD is closely aligned with the signal line. If the MACD avoids a dead cross and turns upward, there’s a high chance of a third bullish wave. Keep an eye on the upcoming crude oil inventory data to see if it triggers a trend reversal. On the 240-minute chart, the MACD is attempting to cross above the signal line in the oversold zone, showing a potential for a rebound. With prolonged consolidation around $75, a strong upward move could follow any breakout. Avoid chasing shorts, and if the price drops to $74, it could provide a great buying opportunity. GOLD Gold closed higher, breaking above the 2760 resistance level. This breakout opens the possibility of further gains to the upper Bollinger Band on the weekly chart, around 2780. However, the divergence between the MACD and the signal line on the weekly chart makes a further golden cross less likely, meaning a correction could occur in the next week or two. On the daily chart, the bullish trend remains strong, making it advisable to avoid short positions. The 240-minute chart shows a third bullish wave following a golden cross of the MACD, supporting further gains. Ideally, continued strength above 2780 would prevent a divergence from forming on the MACD, which could lead to a sharp decline if unaddressed. For now, use 2760 as support and focus on range-bound trading while monitoring for a potential breakout above key levels. Always be prepared for volatility and manage risk carefully. Positive market momentum is being driven by new government policies and plans, including tariffs, the Stargate Project, and expanded AI infrastructure investments. These developments could act as catalysts for further gains. Stay updated on these issues, and as always, manage your risks carefully. Best of luck with your trading today! ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21920 / 21870 / 21790 / 21720 -Sell: 22035 / 22075 / 22135 / 22230 Crude Oil - Range-bound Market -Buy: 75.10 / 74.70 / 74.30 / 73.60 -Sell: 75.70 / 76.20 / 76.75 / 77.10 Gold - Bullish Market -Buy: 2759 / 2754 / 2748 / 2738 -Sell: 2771 / 2778 / 2783 / 2794 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