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Gold Buy Signal: Bullish Momentum Alert! The gold market is on 🔥 with strong bullish momentum dominating the charts! 📈 We’ve identified a powerful upward channel that’s guiding prices higher, supported by impeccable price action setups. Key Highlights: ✨ Price is breaking key levels with confidence, signaling continued strength. ✨ Uptrend intact, with no signs of slowing down. ✨ Perfect entry opportunity to ride the wave as the market pushes toward new highs. 📌 Don’t miss out on this golden opportunity—secure your position now and capitalize on the ongoing rally! 💰
OANDA:XAUUSDLong
by afakiali2
The global economy faces many uncertainties.Gold prices rebounded overnight as Donald Trump is likely to delay imposing tariffs. According to the Wall Street Journal, Trump issued a presidential memorandum directing federal agencies to investigate trade deficits and address unfair trade and currency policies from other countries. However, the directive does not include imposing new tariffs on the first day of his inauguration, which many countries have feared. Fears of tariffs and a global trade war have significantly affected the precious metals market. Last week, gold prices rose above $2,700 an ounce, while silver prices returned above $30 an ounce, reflecting the urgency of the market. Some analysts have attributed the rise in gold and silver prices to disruptions in the global supply chain as the precious metals are moved from London to New York. Donald Trump’s tariff threats have created huge volatility in the futures and physical asset swaps market, as banks have moved large amounts of metals to the US to avoid the risk of potential tariffs. 🔥 XAUUSD SELL 2726 2628🔥 ✔️TP1: 2710 ✔️TP2: 2700 ✔️TP3: OPEN 🚫 SL: 2736
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold Trends and Signals UpdateOn the daily chart, the daily chart broke the 4-day winning streak and fell slightly on Friday. The decline at the end of the trading day caused a continuous decline. The price effectively crossed the short-term moving average and led the short-term moving average to turn downward at 2710 and 2707. Other periodic indicators also formed a short position arrangement. The Bollinger Bands as a whole shrank sharply. In addition, the MACD indicator once again crossed downward. Therefore, the 4-hour level should still be prepared for an intensified decline! Trump took office today, and the market may become complicated. Beware of abnormal market fluctuations. From a technical perspective, Huang Jin ended the strong bullish pattern last week. After a weak closing, a break of 2700 was formed, and there was a further wide adjustment in prices. Trading ideas: short-term layout of selling high and buying low. Gold fell directly after the opening of the Asian session. Gold bulls had no power to fight back. For key points, even if gold wants to go out of the downward wave, it is good for our short-term layout! In addition, today is the date when Trump takes office. The gold market will inevitably suffer from the rise of risk aversion caused by irresistible factors! That is, the market is still relatively bullish in many aspects! The 1-hour moving average of gold has begun to turn downward, and the gold bull market has temporarily come to an end. If the moving average forms a dead cross downward, the downward space of gold will increase, and the 1-hour gold is now also suppressed by the downward trend; the downward resistance moves down to around 2708, and the Asian session rebounds around 2708 and continues to sell at highs. The rebound near 2705 can be empty first. First support: 2681, second support: 2670, third support: 2662 First resistance: 2695, second resistance: 2708, third resistance: 2725 Operation ideas: BUY: 2680-2683, SELL: 2705-2708,
OANDA:XAUUSD
by Jun-GoldAnalyst
3
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
XAUUSD H4 | Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 2,727.65, which is a pullback resistance near the 61.8% Fibonacci rprojection. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 2,696.87, aligning with a significant support level, marking a logical target for the trade. The stop loss is set at 2,762.20, above the recent swing high, providing room for price fluctuations while protecting against invalidation of the bearish bias. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
Gold showing strength after Trump entered White House President Trump's recent phone call with Chinese President Xi Jinping has created a strong expectation for a more conciliatory relationship with China. In response, the dollar, which had previously surged due to fears over tariffs and inflation, has begun to weaken and gold is on a consistent upward trajectory. Goldman Sachs firmly predicts that gold will likely be exempt from widespread tariffs, asserting that there is less than a 10% chance of a 10% real tariff on gold being introduced in the next year. They also confidently forecast that the gold price will soar to $3,000 per ounce by mid-2026. XAUUSD sustains a steady uptrend within an ascending channel. The price holds above EMA21, awaiting further price triggers to test the resistance at 2720. If XAUUSD breaches above 2720, the price may gain upward momentum toward 2735. Conversely, if XAUUSD breaks below EMA21, the price may fall further to the ascending channel’s lower bound, where EMA78 coincides.
OANDA:XAUUSD
by inkicho_exness
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed early due to the U.S. market holiday, and yesterday’s and today’s daily candles will merge into one. As anticipated, the U.S. market showed an upward trend, but it is likely to exhibit sideways or downward movement during the pre-market and regular trading sessions today. While the daily chart has generated a buy signal, confirmation will only occur if today’s candle closes as a bullish one. With significant resistance levels overhead, the market needs a strong bullish candle to widen the gap between the MACD and signal line. Failure to generate such a rally may lead to repeated resistance at the upper levels and increase the likelihood of a downturn. On the 240-minute chart, no sell signal has been generated yet, but the market appears to be absorbing overhead supply. If a MACD dead cross emerges, the buy signal on the daily chart may fade, potentially reversing the trend to bearish. Avoid chasing prices and refer to yesterday’s detailed pre-market analysis for further context. CRUDE OIL Crude oil closed lower, correcting down to the 10-day moving average. After a brief consolidation at the $76 support, it declined further. The $74–$75 range serves as a critical support level and aligns with the 5-day moving average on the weekly chart. Buying on dips within this range is favorable. However, it is advisable to enter at lower levels, as rebound risks make shorting less viable. On the 240-minute chart, the MACD is falling towards the zero line, steepening its angle against the signal line. Even if oil rebounds from key support levels, it may face further selling pressure, as a MACD golden cross appears unlikely. Since yesterday’s expected downtrend materialized, today’s strategy should focus on cautious dip-buying at lower levels. GOLD Gold closed lower, finding support near the 5-day moving average as anticipated in yesterday’s analysis. The strong pullback to the 5-day moving average provides a reasonable entry point for buying on dips. However, the weekly chart indicates potential for further downside, suggesting short-term positions to manage risk effectively. On the 240-minute chart, a sell signal has emerged as a head-and-shoulders pattern broke its neckline. A further drop below 2730 could lead to additional downside toward the 2718 support level, where dip-buying may be considered. The MACD and signal line remain significantly below the zero line on the 240-minute chart, increasing the likelihood of a rebound at key support levels. Avoid aggressive short-selling and note that the broader trend remains bullish, as gold's daily chart exhibits strong buying momentum. Focus on buying near major support levels during pullbacks for a favorable risk-to-reward ratio. Manage your risk carefully and best of luck with your trades today. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21660 / 21620 / 21570 / 21510 / 21480 / 21350 -Sell: 21780 / 21880 / 21940 / 22005 Crude Oil - Bullish Market -Buy: 75.70 / 74.95 / 74.50 -Sell: 77.50 / 77.85 / 78.25 / 78.65 / 79.10 Gold - Bullish Market -Buy: 2726 / 2716 / 2708 / 2700 -Sell: 2738 / 2747 / 2753 / 2758 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!Short
by Futureguard
Gold's Reaction to Trump: Navigating the Supply Area DynamicsGold prices experienced a moderate increase on Monday, buoyed by thin liquidity in the markets as Donald Trump officially assumed office as the 47th President of the United States. The precious metal, often regarded as a safe haven, found support amidst the uncertainty surrounding the new administration's economic policies. During Trump's inauguration speech, the U.S. dollar (Greenback) weakened, reacting negatively to his decision to set aside aggressive tariff policies that some analysts believe could otherwise lead to inflationary pressures. This shift in tone suggests a more measured approach to trade, which alleviated fears of an impending trade war—an environment generally conducive to gold's appeal. Investors began to reassess how such policy changes could impact inflation and, in turn, the Federal Reserve's monetary policy stance going forward. As of the latest update, XAU/USD is trading at $2,708. Market sentiment indicates a potential short flash bearish impulse on the supply area. Traders are closely watching the $2,680 to $2,650 zone, anticipating a possible retest, which may provide an opportune moment for profit-taking, especially if market dynamics shift in favor of a stronger dollar. From a technical perspective, this supply area will be critical for traders focusing on short-term moves. A rejection of prices at these levels combined with weaker fundamentals could signal a bearish trend ahead, offering potential short plays for those looking to capitalize on market fluctuations. Conversely, if gold holds above these levels and there is a sudden shift in risk sentiment or a renewed spike in inflation fears, we could see gold prices testing resistance levels above the current trading price. In conclusion, with Trump taking office and the markets adjusting to his policies, gold is likely to remain volatile in the near term. Investors should keep a close watch on economic indicators and market sentiment, as these factors will heavily influence gold prices in the coming days. For now, navigating the recent price action within the supply area presents intriguing possibilities for both short and long positions, depending on how the market reacts to unfolding events. ✅ Please share your thoughts about XAU/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
4
Market Forecast UPDATES! Jan 20 MondayIn this video, we will update the forecasts for the following markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper 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:HG1!
by RT_Money
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our analysis playing out once again in true level to level fashion. We got our Bearish target at 2696 hit with no cross and lock below this level and therefore confirming the rejection for the bounce. We now have 2717 gap left above and will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for 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 2717 EMA5 CROSS AND LOCK ABOVE 2717 WILL OPEN THE FOLLOWING BULLISH TARGET 2737 EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 EMA5 CROSS AND LOCK ABOVE 2753 WILL OPEN THE FOLLOWING BULLISH TARGET 2768 EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET 2786 BEARISH TARGETS 2696 - DONE EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE FOLLOWING BEARISH TARGET 2675 EMA5 CROSS AND LOCK BELOW 2675 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2661 - 2647 EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE SWING RANGE SWING RANGE 2632 - 2618 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
17
GOLD at Key Resistance Zone – Potential Bearish CorrectionGOLD is at a significant resistance zone, marked by historical price rejections and heightened interest from sellers in the past. If the price confirms a rejection from this resistance level, I anticipate a short-term bearish move toward the 2,692.88 level, which represents a logical target within the current market structure. This setup aligns with the expectation of a correction after a sharp rally into resistance. Traders should monitor this zone closely for rejection signals, such as bearish candlestick formations or increased selling pressure, to confirm the likelihood of a pullback.
OANDA:XAUUSDShort
by DanieIM
1
Gold analysis: oscillating upward, strong trend Recently, gold has shown an overall high-level oscillating upward trend, and the price has shown a strong upward trend at both the daily and hourly levels. Daily level Gold successfully broke through after a period of triangle convergence, and the price slowly rose. It is currently facing pressure from the 2720 line. The overall trend shows that gold is in a strong rebound stage, and the trend continuity is strong. Hourly level The hourly line forms an obvious upward channel. The price fell after hitting the 2724 line, and rebounded after a short-term correction to the 2688 line, touching the lower edge of the channel support. The price continued to pull back in the Asian session, completing a certain technical repair. Key point analysis 1. Upper resistance 2720: It is the current key resistance level. If it can be broken through, it will open up further upward space, and gold is expected to test the 2750 line. 2724: The previous high point, pay attention to the pressure in this area in the short term. 2. Support below 2688-2689: It is an important short-term support area. If this position is lost, gold bulls may enter an adjustment, and the trend may turn weak. The downward targets are 2678 and 2660 respectively. Trading strategy Gold is currently in a strong rebound stage, and the daily and hourly lines form a resonance upward. It is recommended to operate with low-long as the main and high-short as the auxiliary: 1. Low-long strategy: When the callback to the 2700-2703 area is not broken, you can arrange long orders, set the stop loss below 2688, and target 2720 and 2750 after breaking through. 2. High-short strategy: The price hits the 2720-2724 area and is blocked. You can lightly position high-short, set the stop loss above 2725, and target 2705-2700. Risk warning In the short term, pay attention to the changes in the US dollar index and the risk aversion sentiment in the international market. If there is significant negative news in the fundamentals, the trend of gold may deviate from technical judgment. At the same time, you need to be alert to the risk of false breakthroughs, control your positions reasonably, and strictly implement stop losses.
FOREXCOM:XAUUSDLong
by RonPeter_Trading
The Direction of Gold 25.01.20Hello, this is Greedy All-Day. Today’s analysis focuses on gold. Gold Daily Chart Analysis Chart: Key Observations: Gold recently broke above its long-term descending resistance trendline. The resistance trendline began at the high on October 31, 2024, and was broken on January 16, 2025. After breaking the resistance, gold reached a high near 2761, which failed to break above the top of the orange supply zone. The current resistance stands at 2759.2, below the orange zone's high of 2761.3, leading to a short-term pullback. Support Test and Outlook: The yellow resistance trendline has turned into support after a successful retest. Although the orange box supply zone has not been broken, the overall bullish momentum remains intact. Next Resistance Levels: If 2761.3 is broken, the next resistance lies at 2772.6, the upper wick resistance level within the purple box. Breaking above 2772.6 could open the door for a potential retest of the all-time high near 2801.8. Long-Term Trendline and Supply Zones Chart: Downside Risk: A potential short-term trend reversal requires the green box to be broken. Current key support for a breakdown: 2666 (below this level, gold will likely fall out of the Ichimoku Cloud). A break below the red box supply zone’s lower boundary (2595) could signal a bearish shift in the larger pennant structure. Current Gold Levels and Trading Strategies Chart: Buy Strategy: A breakout above 2761.3 is crucial for initiating a long position. If broken, the next target is the 2772 resistance level, with further potential upside to all-time highs if 2772 is cleared. Sell Strategy: Focus on the range between 2729.2–2720.9 for sell signals. For gold to return to bearish momentum, the current support trendline (yellow) must break and turn back into resistance. If the price breaks below 2729.2–2720.9, the next support level is the red ascending trendline. Summary Bullish Scenario: A breakout above 2761.3 could signal continuation toward 2772.6 and beyond. Bearish Scenario: A break below 2729.2–2720.9 could lead to a deeper correction toward the red ascending trendline or lower levels. Stay strategic and monitor key levels carefully for potential opportunities. 🚀
COMEX:GC1!
by Greedy_allday
THE KOG REPORT THE KOG REPORT In last week’s KOG Report we said we would like to see price attempt a brief test of the high, reject and give us the move down which was successful. We then wanted to exit any short trades and find the optimal spot to long back up sticking to the bias and the bias targets as well as the red box targets and Excalibur. Combined, we got the move up from the pivot red box and managed to complete all of our bullish targets ending the week with a phenomenal pip capture tracking this precious metal at nearly every turning point up and down. A fantastic week again in Camelot not only on Gold but the other pairs we analyse and trade as well. So, what can we expect in the week ahead? For this week again we’ll stick with the bullish bias for now. The key level resistance on open is the 2715-14 price point, if rejected we should see a continuation of the move downside into the lower support levels 2700, 2690 and below that the key level and bias level support 2680-5. It’s that lower level that needs to be monitored, as building a base there and upon a clean reversal we feel the opportunity to then long the market again back up into the 2725, 2730 and above that 2740-5 region initially is what we’ll be looking for. Our weekly red box worked well last week giving the rejection we wanted, and due to the failed break, we would like to see that level attempted again to monitor whether we close above or not. This is really important for gold as another fail can result in another major correction before attempting higher pricing. KOG’s bias of the week: Bullish above 2680-5 with targets above 2720, 2730, 2735 and above that 2745 Bearish on break of 2780 with targets below 2670 and below that 2766 RED BOX TRADERS: Break above 2704 for 2710, 2716, 2735 and 2733 in extension of the move Break below 2695 for 2788, 2682, 2680 and 2665 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
35
Gold Steadies at$2700 Amid Trump Inauguration &Geopolitical CalmXAU/USD: Gold Prices Steady Near $2,700 – Outlook in a Trumpian Era Gold prices go easy Gold prices (XAU/USD) remained steady on Monday morning, fluctuating around $2,700 per ounce as Donald Trump prepared to step onto the podium. With the U.S. observing a holiday (markets are closed) in honor of Martin Luther King Jr., global attention shifts to Trump’s inauguration as the 47th President of the United States. Trump’s Market-Moving Speech Ahead Although the specifics of Trump’s speech remain uncertain, analysts speculate that tariffs and tax cuts may emerge as core topics. A softer stance on these points could ease concerns about inflation and reinforce a bullish outlook for gold. Conversely, a more aggressive approach, such as imposing 20% tariffs on imports, might heighten inflation fears and potentially weigh on gold prices. Trump’s inauguration speech is expected to impact gold prices significantly, as it sets the tone for his administration’s economic policies. Geopolitical Developments: Ceasefire in Gaza On a separate note, geopolitical tensions eased on Sunday following confirmation of a ceasefire between Israel and Gaza. The agreement was solidified with Hamas releasing three hostages after some delays, in exchange for Israel freeing 90 prisoners. While gold is traditionally viewed as a safe haven during geopolitical uncertainty, the de-escalation in the Middle East reduced immediate demand for the precious metal. Gold Technical Analysis Gold prices are currently consolidating between $2,706 and $2,722 per ounce. The bearish momentum suggests a potential stabilization within the bearish zone, contingent on key levels being breached. - Bearish Scenario: If prices stabilize below $2,712 and $2,706, further declines to $2,689 and $2,678 are likely, especially if a 4-hour candle closes below $2,706. - Bullish Scenario: To confirm a bullish trend, prices would need to break above $2,722, potentially targeting $2,739. Key Levels Pivot Point: 2712 Resistance Points: 2722, 2739, 2756 Support Points: 2689, 2678, 2665 Trend Outlook Bullish Trend: Above 2722 Bearish Trend: Below 2706
OANDA:XAUUSDShort
by SroshMayi