Gold prices continue to increase from the level 2675OANDA:XAUUSD continuing the uptrend in local and medium-term timeframes. The price is once again testing strong resistance levels on the H4 chart, with prospects for a breakout toward the 2700–2750 range.
The US Dollar remains near weekly lows, touched after weaker-than-expected US PPI data on Tuesday, providing key support for the market, including gold. Attention now shifts to the upcoming CPI report, a critical release that could reshape market expectations for Fed rate cuts this year. A stronger-than-expected CPI could increase pressure on gold, while a weaker report would bolster buying momentum. Additionally, the Fed’s hawkish stance is supported by the premise that Trump, beginning his second term next week, may drive inflation higher with protectionist policies.
From a technical perspective, significant volume lies ahead, which could trigger a minor pullback toward support before the uptrend resumes.
Key short-term levels to watch:
Support: 2678, 2670
Resistance: 2690, 2697
However, in both the short and medium term, everything hinges on the upcoming scheduled news. Stay focused on these critical levels, traders!
Best regards, Bentradegold!
Longsetup
Personal opinion on the direction of gold today🔆 Gold news:
Gold prices (XAU/USD) extended gains for a third straight session on Wednesday, hitting an 11-week high of around $2,751 in Asian trading. The rise was fueled by increased safe-haven demand amid concerns over U.S. President Donald Trump’s trade policies. In addition, falling U.S. Treasury yields, supported by expectations of two Federal Reserve rate cuts this year, further supported the appeal of the non-yielding precious metal.
🔆 Technical:
Based on Fibonacci and support resistance zones to set up appropriate buy orders
🔆 Personal opinion:
Continue the uptrend, look at the 2760, 2774 price zone as this is the Fibonacci crossover and the resistance zone
🔆 Price Zone Setup:
👉 Buy Gold 2720 – 2722
❌SL: 2714 | ✅TP: 2728 – 2734 – 2740
👉SELL Gold 2774 -2776
❌SL: 2781 | ✅TP: 2767 - 2760 - 2753
Thank you for reading my comment: "FM"
Will Gold Recover After Dropping to Fibo 0.618 Level ($2717) ?🔆 Gold News:
Gold (XAU/USD) edged lower after hitting its highest since December 12 in early European trading on Tuesday but closed down at $2,717. The US dollar (USD) rebounded from a two-week low on Monday, on hopes that US President Donald Trump’s protectionist policies could boost inflation and prompt the Federal Reserve to maintain its dovish stance. Falling bond yields also contributed to gold’s gains
🔆 FM Opinion
Gold corrected lower in European trading to the 0.618 Fibonacci level ($2,717) and rebounded sharply, indicating that buying demand remains strong. The next target will be the 1.618 Fibonacci level ($2,740) which will intersect the 4H trendline.
Thank you for reading my comment: "FM"
GOLD → A very strong uptrend may get its continuationOANDA:XAUUSD is rising due to heightened geopolitical and political risks. A strong bullish trend is forming, where the price is testing the strong resistance level of 2726 and creating a false breakout of this resistance.
The upward movement is gaining momentum following threats of tariffs by Trump, which have added to the negative market sentiment regarding risk. Trump has proposed imposing tariffs on Mexico and Canada, as well as the EU and China, if trade agreements are not reached. These threats are supporting the demand for gold as a safe-haven asset. However, the strengthening U.S. dollar and expectations of a Fed rate cut are limiting gold's further upward momentum. Trading in the coming days will depend on the overall market sentiment and Trump's tariff discussions.
From a technical perspective, the false breakout of such a strong resistance level could temporarily slow the growth rate and lead to price consolidation or correction. However, there are technical nuances to consider.
Currently, it's important to note the 0.618 Fibonacci retracement level (2716) and the 0.5 Fibonacci retracement level (2711). These are significant liquidity zones that could prevent a deeper correction and push gold back into its bullish trend. A retest of the local highs at 2726 - 2732 would signal that the metal is ready for further upward movement.
Gold price analysis according to trendline and Fibonacci🔆 Gold prices have risen significantly following the inauguration of US President Donald Trump.
🔆 The increase is attributed to a weaker US dollar as markets assess the impact of economic policies during President Trump's second term. The US dollar fell about 1% after reports that any new taxes would be "moderate". The weakening of the US dollar makes gold more attractive to foreign investors.
🔆 Some of President Trump's policies could lead to higher inflation in the long term, which would continue to support safe-haven assets such as gold.
🔆 However, it is important to note that President Trump's policies, while likely to boost inflation, could also prompt the US Federal Reserve to maintain or raise interest rates, affecting the appeal of gold. Gold typically thrives in a low-interest-rate environment.
🔆 Overall, gold prices are reacting positively to current political and economic developments, especially the new administration's trade and fiscal policies.
🔆Analysis:
Based on Fibonacci, Trendline, resistance - support zones to come up with a reasonable method
🔆Price Zone Setup:
👉 Buy XAU 2700 – 2702
❌SL: 2695 | ✅TP: 2708 - 2716 – 2724
👉SELL XAU 2740-2742
❌SL: 2746 | ✅TP: 2735 - 2729 - 2720
Thank you for reading my comment: "FM"
Canada CPI to be released soon, USD/CAD currency pair trend🔆The USD/CAD currency pair is being influenced by important economic and political developments.
🔆US President Donald Trump has announced that he is considering imposing a 25% tariff on goods imported from Canada and Mexico. But instead of taking effect immediately, the policy could take effect in February. The announcement immediately sent the USD sharply lower, giving CAD a breather.
🔆Canada’s December CPI inflation data will be released today. If inflation rises higher than expected, this could support the CAD and affect the trend of the USD/CAD pair.
🔆Technical Analysis:
The USD/CAD pair is currently trading around 1.444. The Relative Strength Index (RSI) remains in favor of the bulls. The pair is likely to test the 200-EMA at 1.440 before continuing to bounce towards the 1.45 area. In the near future, the market is waiting for Canada's CPI information for further assessment. Moreover, the US tariff policy will strongly affect the trend of this currency pair in the coming time.
🔆Advice:
Investors should closely monitor economic and political information, especially decisions related to tariffs and inflation data, to have a suitable trading strategy for the USD/CAD pair.
Thank you for reading my comment: "FM"
SHIB1000USDT: Reversal or Breakdown?
📉 BYBIT:SHIB1000USDT.P is currently trading at a critical support zone around 0.019900 USDT . After multiple tests of this level, buyers are stepping in, but is it enough to trigger a rally?
---
🔑 Key Levels:
Support:
0.018347 USDT — the last support level, a breakdown here could lead to further downside.
0.019825 USDT — current liquidity accumulation area.
Resistance:
0.022000 USDT — the first target in case of a bounce.
0.026403 USDT — a liquidity zone that could act as a magnet if the price breaks through local resistances.
---
🚩 Trading Strategy:
Entry Point:
- Consider a long position if 0.019825 USDT holds with increasing volume.
Stop-Loss:
- Below 0.018347 USDT to minimize risks in case of a breakdown.
Take-Profit Targets:
0.022000 USDT — first target for partial profit-taking.
0.026403 USDT — potential target if a bullish impulse kicks in.
---
📈 Technical Analysis:
The price is testing a support level with repeated buyer reactions.
A breakout could trigger a recovery phase with potential movement towards 0.026403 USDT.
If the support fails, a drop to 0.018347 USDT is likely.
---
💡 Conclusion:
The price is at a crossroads: a bounce could yield great profits, but a breakdown could spell trouble. Stay alert! What’s your take? Waiting for a retest or already in? Let’s discuss in the comments! 🚀
Boeing is ready for next leg up to $200On December 10, 2024, we had a look at the weekly chart of NYSE:BA Boeing and it was a very good opportunity to get into this stock. Since then, we made over 20% in under one month.
After consolidating for nearly three weeks, we may have another chance to get in for the next leg up to $200. The only thing to worry about are the earnings on January 28. Those could have a huge impact on the stock price, but chances are the impact will be positive. Since 2024 was a very challenging year for Boeing with lower net orders booked compared to Airbus the comparisons are much easier to beat than it is for Airbus.
Boeing experienced a decline in various metrics last year. The company recorded 569 gross orders, representing a 61% decrease compared to the previous year. Cancellations increased by 50 units, mainly due to the anticipated cancellation of 135 jets ordered by Jet Airways. Net orders fell by 71% to 377 orders, and the net order value also decreased by 71% to $33 billion. This reduction in orders is attributed to the uncertainty surrounding Boeing's production schedule, which makes it less attractive for airplane orders. Deliveries fell by 34% to 348, and the delivery value decreased by 35% to $26.1 billion due to the grounding of the Boeing 737 MAX 9 and a subsequent strike.
If we assume no further crashes or problems with Boeing aircrafts the numbers are easier to beat, and we come from a very low base. In addition, most analysts are quite conservative right now.
Looking at the technical setup we just bounced from the 0.382 fib from the current upward movement. Below the fib we have another support at around $160 as well as a resistance at $200 with an open gap. Assuming no surprises during the earnings we’re up for another leg up to $200 (15% ROI).
Target Zones
$198-200
Support Zones
$165
$160
Will GBP/USD rise after new economic data is released?The GBP/USD currency pair is being influenced by a number of key economic and political factors.
The rise is attributed to a weaker US dollar as markets assess the impact of economic policies in a second term for President Trump. The US dollar fell around 1% following news that any new tariffs would be applied in a “moderate” manner.
The pound has gained against other major currencies, although weak economic data from the UK has put pressure on government bond yields. Experts predict the Bank of England (BoE) could cut interest rates by 100 basis points this year.
However, today's economic data on Claims Change and Average Earnings Index 3M/Y is positive for GBP, so the currency could trend higher in the short term
Forecast:
GBP/USD is currently trading around 1.225… and will follow an upward trend towards the 4H trend line with a target of 1.24xx before falling. However, it should be noted that factors such as BoE monetary policy, US economic developments and Trump administration policy decisions will strongly influence the trend of this currency pair in the coming period.
Thank you for reading my comment: "FM"
ADBE near Confluence Support - 33% ROI PossibleNASDAQ:ADBE is currently nearing a confluence support (an area where multiple support elements are combined) at around $410-$420. Nevertheless, opening a first position right now is already an option given the attractive valuation and the horizontal support (blue zone). In addition there are two big daily gaps (red zones) above the current price giving us some potential pulling factor towards $580. The trendline you can see is very weak and has only two real re-tests in October 2022. So, take that with a grain of salt and try to concentrate more on the horizontal support and the $410-$420 area (61.8 fib).
Looking at fundamentals (I know most of you are not really interested in such things, but they do help with swing trades) we can see a price-to-sales ratio of 9.xx suggesting upside of 50% when comparing it to the long-term average of 14.xx. ARR increased 23% YoY to $3.48B. In terms of AI, firefly generated more than 16 billion assets so far, and FY24 revenue increased by a little more than 11% to $21.51B. Current PE ratio is just short of 22.
So, adding here and more towards that $410 will give us a huge potential ROI over the next couple of months.
Support Zones
$440
$410-420
Targe Zones
$540
$580-600
Break H4 and continue uptrend 2740⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues to gain traction for the second consecutive day, reaching its highest level since November 6, around $2,726 during Tuesday's Asian session. Renewed trade war concerns, sparked by US President Donald Trump's suggestion of imposing tariffs on Canada and Mexico, have increased demand for the safe-haven precious metal.
Additionally, a drop in US Treasury bond yields—driven by expectations that the Federal Reserve (Fed) will implement two rate cuts this year amid signs of easing inflation—further supports the appeal of non-yielding Gold.
⭐️Personal comments NOVA:
Gold price continues to increase in large frame, break 2725 and buying power is stronger
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2701 - $2703 SL $2696
TP1: $2710
TP2: $2720
TP3: $2730
🔥SELL GOLD zone: $2740 - $2742 SL $2747
TP1: $2732
TP2: $2720
TP3: $2710
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
USDJPY: Correction before dropping to 153.00-152.00Hello everyone, Ben here!
USDJPY has yet to resume its upward trend. Rumors about potential actions from the Bank of Japan (BoJ) are beginning to surface. Meanwhile, the US dollar continues to gain strength.
The 158.46 level represents a strong resistance zone established by the sellers. Strong expectations for an additional interest rate hike by the BoJ this week are also lending support to the JPY. Overall, this influence appears relatively weak but could still provide significant backing for this currency pair.
In theory, any upward movement of this major pair might be limited due to trade policy risks from the soon-to-be-inaugurated US President Donald Trump, which have constrained any significant bullish moves for the safe-haven JPY.
The focus this week will be on Trump’s inauguration speech on Monday and the highly anticipated two-day BoJ policy meeting beginning on Thursday.
From a technical standpoint, the price is attempting to break out of a major range and test key support levels. A false breakout around the 156.56 level could lead to the price targeting newly formed resistance zones. However, if the price settles below 156.56 or even drops under 155.95, it could trigger strong selling pressure sooner than expected.
Best regards, Bentradegold!
Trump, Gold, and FVGs: The Ultimate Plot Twist to 2726!Gold continues its overall bullish bias, as evidenced by its respect for the HTF daily FVG, supported by a 1-hour FVG that aligns with the broader structure. The green zone OB presents a potential entry point, reinforcing the upside momentum.
Key Observations:
-The FVG entry aligns perfectly with the bullish structure, adding confluence to the trade.
-Price is expected to target the buyside liquidity at 2726.195 this week.
-However, market fluctuations due to the USD and Trump inauguration period could introduce volatility.
Conclusion: Maintain a bullish outlook while being mindful of potential short-term fluctuations. The 2726.195 buyside liquidity target remains achievable if the current structure holds.
DYOR!
$NU will be 15+ before end of FY 2025- This bank has phenomenal growth, expanding TAM in latin america.
- Numbers speaks for themselves, It's poised for success for rising middle class consumers in latin america.
- Digital Banking will provide immense value in latin america where typical banks were the only way to do banking in the past.
ETH/USDT Analysis - Bullish Breakout PotentialThe chart demonstrates a clear descending channel pattern that has been forming over the past few weeks. Ethereum has respected the boundaries of this channel, bouncing between support and resistance levels.
Current Observation:
Pattern:
A descending channel often indicates consolidation after a strong trend. It can act as a continuation pattern when the price breaks out in the direction of the prior trend.
Ethereum is currently trading near the middle range of the channel.
Key Levels to Watch:
Resistance: The upper boundary of the channel around $3,600-$3,800 is the critical resistance. A breakout above this level can lead to a strong bullish momentum.
Support: The lower boundary near $3,000-$3,100 is acting as strong support, holding the price from further decline.
Volume and Momentum:
A breakout above the resistance line with increased volume would confirm a bullish continuation.
Projection:
If Ethereum breaks out of the descending channel on the upside:
The next target could be around $4,200-$4,300, aligning with previous high levels.
Key Considerations:
A failed breakout could push the price back into the channel, retesting lower levels of support.
Always manage risk with stop-loss orders placed below the channel support.
D.Trump officially becomes US President , a Big bang for Gold? Gold prices continued to fall below $2,700 during the Asian session on Monday. Among the factors driving the decline were higher US Treasury yields, easing tensions between Israel and Gaza, and the market awaiting the inauguration of US President Donald Trump.
Investors are waiting for President Trump to issue the first order on the US President's diamond so they can make specific investments.
Technically:
Determined based on the H4 time frame and following the trend line as follows:
Resistance: $2724, $2748
Support: $2660, $2635
Price Zone Setup:
👉 Buy XAU 2686-2684 (Asia-Europe Session)
❌SL: 2679 | ✅TP: 2691 - 2698 – 2710
👉 Buy XAU 2662-2660
❌SL: 2654 | ✅TP: 2668 - 2674 – 2780
👉SELL XAU 2748-2750
❌SL: 2755 | ✅TP: 2742 - 2737 - 2730
Thank you for reading my comment: "FM"
BTC/USD chart Analysis Hello Guy's Must Support Me And Share Your Thoughts In Comments Section Thanks Trade Safely
BTC/USD chart Analysis
Technical Analysis:
1. Resistance and Support Zones:
Resistance: The price is approaching the resistance zone near $108,500, marked as the TP2 zone.
Support: Multiple supports are evident near $102,000 and $96,000.
2. Trend:
The price has formed a higher high (point 7), suggesting bullish momentum. However, potential resistance at the $107,000 (TP1) level could lead to temporary consolidation.
3. Patterns:
The price has shown repeated bounces from support zones (points 2, 4, 6), indicating strong buying interest at those levels.
4. Targets:
Short-term: TP1 at $107,000.
Medium-term: TP2 at $108,500.
Fundamental and Geopolitical Context:
1. Fundamentals:
Recent global adoption trends or news related to Bitcoin may be driving increased demand.
Macroeconomic factors, such as inflation and central bank policies, could be influencing the bullish sentiment.
2. Geopolitical Influence:
Any geopolitical instability may be enhancing Bitcoin's appeal as a hedge, pushing prices upward.
Regulatory news or acceptance in key markets may further support this trend.
Conclusion:
The trend is bullish, with strong momentum toward resistance at $108,500. Traders should watch for a breakout above resistance or a potential pullback to the $102,000 support. Fundamental and geopolitical factors may further reinforce Bitcoin's upward movement.
NOTE: This Analysis For Educational Purposes Only Not A Trading Advice
ETH ANALYSIS🔮 #ETH Analysis - Update 🚀🚀
💲 As we said earlier #ETH performed same and retest its support level. Now we can see a formation of Bullish Flag Pattern in #ETH. Breakout of the pattern will indicate a bullish momentum.
💸Current Price -- $3425
📈Target Price -- $4400
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #Breakout #DYOR