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Gold Price Analysis February 12⭐️Fundamental Analysis Asian and European traders were cautious ahead of Fed Chairman Jerome Powell's remarks to Congress. Powell said he was in no rush to adjust monetary policy and wanted to see more progress on inflation, saying the economy was in a "pretty good place." His remarks helped stabilize financial markets, helping Wall Street trim losses and the dollar recover. Powell will continue his testimony on Wednesday, and investors are also awaiting January CPI data, which is forecast to have risen 2.9% year-on-year, with core annual growth of around 3.1%. ⭐️Technical Analysis Gold is accepting the 2941 area as a top, and the decline has created quite clear structures. 2873-2871 is an important support zone in pushing gold prices to increase again. If gold prices cannot close the h4 candle above 2890, it will be considered a confirmation of a dow breakout and a downtrend wave that can extend to 2833. In the direction of gold going up again, 2807 and 2827 will be the zones that the SELL side will pay attention to in order to participate in the market.
OANDA:XAUUSD
by TVS-Trader
Gold price analysis February 7⭐️Fundamental Analysis Gold prices maintained a slight upward trend in today's European trading session, hovering near the all-time high reached earlier. Safe-haven demand for gold continued to increase due to concerns about US-China trade tensions and the negative impact of the Trump administration's hawkish policies. Meanwhile, the USD struggled as the market bet that the Fed would cut interest rates twice this year. US Treasury yields plunged, further strengthening the appeal of non-yielding gold. Investors are now focused on the US NFP employment report to determine the next trend of the market. ⭐️Technical Analysis Gold prices continue to head towards all-time highs. The 2873 area has attracted a lot of attention from sellers before the ATH. resistance zone above note around 2898. more predicted downtrend for gold specifically a sharp fall to 2811 or deeper to 2786. pay attention to noted resistance zones for best trading strategy.
OANDA:XAUUSD
by TVS-Trader
2
Gold (XAU/USD) Price Analysis: Bearish TReversal from ResistanceThis is a technical analysis chart of Gold (XAU/USD) Key Observations: 1. Resistance Zone: A resistance area is marked in the upper part of the chart, where the price struggles to break through. The price reached this zone and faced rejection, indicating selling pressure. 2. ABC Correction Pattern: The chart displays an ABC corrective structure: (A) represents the initial upward movement. (B) shows a pullback. (C) marks a final upward push before reversing. 3. Bearish Reversal Indication: The price failed to sustain above the resistance zone and started declining. The red arrow suggests a potential downward move. A short position (sell trade) is highlighted in the red-shaded area. 4. Key Support Zones: The price is approaching a highlighted support region where buyers may step in. A deeper pullback could lead to the lower support box. 5. Volume and Momentum: If bearish momentum increases, price might break support and continue downward. If buyers hold support, a bounce back towards resistance is possible. Conclusion: The market is currently showing bearish signs after hitting resistance. A short trade setup appears in play, targeting lower support zones.
TVC:GOLDShort
by FOREX_QUEEN_10
Gold Price Analysis: Potential Pullback After Hitting Resistance 1. Uptrend Channel Formation: The price has been moving upwards within a parallel ascending channel (blue zone). The midline (red dashed line) acts as a dynamic support/resistance level. 2. Current Price Action: The price recently touched the upper boundary of the channel and faced resistance at around $2,798. A rejection occurred, as indicated by the red arrow suggesting a potential pullback. Key Support & Resistance Levels: Resistance: Near $2,800 - $2,805 (upper boundary of the channel). Support: $2,780 - $2,770 (midline red dashed area). $2,740 - $2,720 (lower channel boundary). Potential Scenarios: 1. Bearish Correction (Likely Scenario) If the price fails to hold above $2,780, it could test the $2,760-$2,740 support area. A break below the channel may lead to a deeper correction. 2. Bullish Continuation If buyers defend the $2,780-$2,760 support, the uptrend could resume, aiming for new highs above $2,800. Trading Considerations: Short-term traders: Watch for price action near $2,780-$2,760 for potential buy signals. Breakout traders: A confirmed break below $2,740 could indicate a shift in trend.
TVC:GOLDShort
by FOREX_QUEEN_10
Bitcoin (BTC/USD) Breakdown: Bearish Trend Continues After UptreThis is a Bitcoin (BTC/USD) 1-hour chart Key Observations: 1. Uptrend Channel (Green Lines - Past Trend) Bitcoin was in an upward channel for several days, moving within parallel trendlines. The price was making higher highs and higher lows, indicating a bullish trend. 2. Breakdown of the Uptrend The price broke below the lower boundary of the green channel, signaling a bearish reversal. This suggests a shift from an uptrend to a downtrend. 3. Downtrend Confirmation (Red Arrow & Trendline) A steep downward trendline (red) has been drawn, showing continuous lower highs and lower lows. The red arrow suggests further bearish movement, possibly targeting lower price levels. 4. Economic Events (U.S. Flag Icons) The U.S. flag icons indicate upcoming economic events that could impact Bitcoin’s price. These events might be related to economic data releases (such as interest rates, employment reports, or CPI data), influencing market sentiment. 5. Current Price Action Bitcoin is trading at $99,648, down 0.98% at the time of the chart. The price is struggling to hold above $98,000, with a possibility of further declines if selling pressure continues. Conclusion: The bearish trend is dominant after breaking the previous uptr
BITSTAMP:BTCUSDShort
by FOREX_QUEEN_10
5
Bitcoin (BTC/USDT) Bearish Breakdown: Price Drops with Further DThis chart is a Bitcoin/USDT (BTC/USDT) Key Observations: 1. Downtrend Pattern: The price is in a clear downtrend, as indicated by the curved red and blue downward channel. A bearish momentum is evident, with multiple price levels showing declines. 2. Price Declines and Targets: The price dropped by -4,538.43 USDT (-4.48%) in 1 day and 10 hours, reaching 97,896.12 USDT. A further drop of -5,255.01 USDT (-5.19%) is projected within 1 day and 19 hours, reaching 96,072.88 USDT. 3. Failure Zone: A "FAILURE" label is marked near the lower price target, indicating a possible breakdown zone where further declines might occur. 4. Resistance and Support Levels: 98,542.86 USDT is a key level where price is currently at (as per the latest timestamp). 96,000 USDT region is a critical support level. Conclusion & Possible Next Moves: Bearish Sentiment: The price action suggests further downside pressure, possibly testing the 96,000 USDT level. Potential Breakdown: If support at 96,000 USDT fails, more downside risk could follow. Reversal Signal?: A strong bounce from support zones would be required to shift momentum back to bullish. Trading Considerations: If you’re shorting BTC, consider trailing stops to protect profits.
Short
by FOREX_QUEEN_10
Gold Price Analysis: Bearish Breakdown with Potential RecoveryThis chart is a 1-hour time frame of Gold CFDs (US$/OZ) Key Observations: 1. Current Price: The market is trading at $2,779.935, showing a -0.63% decline. 2. Resistance & Support Levels: Resistance Zone (Green Box at the top): Around $2,795 - $2,801. Support Zone (Green Box at the bottom): Around $2,728 - $2,740. 3. Trendlines & Patterns: ABC Pattern: A corrective wave structure is visible: (A) - Initial Uptrend (B) - Continuation Higher (C) - Market Reversal Downward Bearish Breakdown: After reaching the peak at (C), the price broke below an upward trendline (blue). 4. Potential Price Movements (Forecasted Scenarios): Bearish Move (Red Arrow & Box): A downward move is expected, targeting the lower support zone (~$2,740). Bullish Recovery (Upward Arrow): If support holds, a possible recovery towards $2,795 - $2,801 could occur. Conclusion & Trading Strategy: Bearish Bias: If price stays below $2,784, a further decline towards $2,740 is likely. Bullish Recovery: A strong rejection from $2,740 could push the price back up to $2,795+. Key Levels to Watch: $2,784 (minor resistance) and $2,740 (major support).
TVC:GOLDShort
by FOREX_QUEEN_10
Gold Struggles at Trendline Resistance: What’s Next?Gold Weekly Analysis Trendline Resistance: Gold's price has repeatedly struggled to break above the rising trendline, signaling strong resistance in this area. Support Zone Strength: The previous resistance zone has flipped into a solid support level, providing a safety net for any pullbacks. Next Move: A breakout above the trendline could trigger a strong bullish continuation. A rejection here may lead to a pullback, with support near $2,387 acting as the critical level to monitor.
TVC:GOLDLong
by unichartz
XAU: Gold's Supply Area: A Short Opportunity?As the market for gold fluctuates, there may be an opportunity to consider a speculative short position. Currently, gold appears to be retesting a supply zone, an area where selling pressure could drive prices lower. This retest may signal a shift in market sentiment, potentially leading to a retracement back to prior demand zones. Technical Indicators: Observing price action and key technical indicators can reveal signs of weakness in gold's bullish momentum, supporting the case for a downward move. Risk-Reward Ratio: Although taking an aggressive stance comes with risks, a well-placed stop-loss and clear profit targets can create a favorable risk-reward scenario. Conclusion Given these market dynamics, a speculative short position in gold, targeted at previous demand zones, could be worth considering. As always, it's essential to stay informed and manage risks effectively. What are your thoughts on this approach? ✅ Please share your thoughts about XAU 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
2
Gold (XAU/USD): Analyzing the 4-Hour ChartAs we delve into the gold market, it's clear that the recent economic and geopolitical developments are having a profound impact on XAU/USD. The 4-hour chart provides an insightful snapshot of the current market dynamics and potential future movements. Currently, gold is trading at $2,760.790, reflecting a slight decrease from its opening price of $2,762.960. The highest price reached in this session was $2,763.680, with a low of $2,753.618, showing some volatility in the market. The closing price stands at $2,760.790, marking a minor decline of -0.08%. The chart highlights several critical support and resistance levels. Resistance is noted at $2,795.558, $2,721.846, and $2,696.912, while support levels are identified at $2,790.417, $2,739.758, $2,666.224, and $2,633.618. These levels will be crucial in determining future price movements, as traders look to these points for potential reversals or continuations of the trend. A notable feature on the chart is the upward trend channel, formed by two black trend lines. This channel indicates a bullish trend in the gold market, suggesting that prices are likely to continue their upward trajectory. However, the presence of two red arrows projecting potential future movements indicates a possible short-term correction before the trend resumes. At the bottom of the chart, the Relative Strength Index (RSI) stands at 66.03, signaling that the market is approaching overbought conditions. This is important for traders to consider, as it may indicate a potential pullback in the near term before gold resumes its upward march. In conclusion, the 4-hour chart of XAU/USD reveals a bullish outlook for gold, driven by the ongoing economic uncertainties and geopolitical tensions. The weakening US dollar, inflationary pressures, and safe-haven demand for gold are key factors supporting this trend. Traders should keep a close eye on the support and resistance levels, as well as the RSI, to make informed trading decisions. As always, staying informed and considering all aspects of the market will be crucial for navigating the gold market successfully. follow for More ideas.
TVC:GOLDLong
by MasterProTradings
1
TRUM VS GOLDAttention traders! 💥 XAUUSD is on fire, setting new highs with precision! ⚡ Check this out: XAUUSD Insight: 📉 Locked in a fierce contest between 2700 and 2706. 🧐 Is a breakout near? 🔻 Downside Watch: 🔻 Stay cautious for potential drops if it dips below this range! 🎯 Targets: 2696 💹 Upside Watch: 💹 Look for buying signals if it rises above! 🎯 Target 2712, 2716 💬 Engage with Us: 💬 Share your thoughts as we navigate this exciting market! 📢 Let’s achieve greatness together! 🚀✨
OANDA:XAUUSD
by Syed_Fx_Lab
Gold Idea 📈 Market Bias: Bullish Analyzing the daily timeframe on Gold, we see clear signs of bullish momentum. The price action suggests a potential move upward, targeting the liquidity above the current levels. Key insights: ✨ Liquidity Grab: Watch for price to sweep above significant highs, triggering buy-side liquidity. ✨ Daily FVG (Fair Value Gap): A critical imbalance lies above, making it a probable magnet for price action. The narrative aligns with bullish order flow, indicating a high likelihood of continuation to fill the daily FVG. Stay patient and wait for confirmations if you're planning to enter. 💡 Trading Reminder: Always follow your trading plan and manage risk effectively. The market often surprises, so protect your capital! What’s your bias on Gold? Bullish or bearish? Drop your thoughts below!
TVC:GOLDLong
by mofx01
Gold to stall at previous highs?Gold - Intraday Selling posted close to the previous high of 2726.0. 2721.3 has been pivotal. Offers ample risk/reward to sell at the market. Bearish divergence is expected to cap gains. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look to Sell at 2718.5 (stop at 2738.5) Our profit targets will be 2668.5 and 2658.5 Resistance: 2724.5 / 2735.0 / 2750.0 Support: 2709.7 / 2700.0 / 2690.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
3