Bitcoin & Gold: Weekly Options Trading Recap
Gold: 🌟 The entire past week saw a positive trend in gold trading, characterized by a continuous accumulation of vertical call spreads targeting $2925-$2950. On Friday, higher targets around $2990-$3000 were added, with expiration in August of this year. The sentiment remains positive. However, volatility increased last week and remains at a relatively high level, indicating potential turbulence in the precious metals market.
Bitcoin: 💰 Interesting portfolios aiming for $120,000-$140,000 have been observed in Bitcoin trading. These portfolios emerged on January 16 when Bitcoin was around $99,000. Within a couple of days, Bitcoin surged by 6.8% and broke the previous high around $102,500.
Metals
Silver Breakout? or FakeoutMetals look to have tailwinds with bonds finding support (real rates coming off), DXY stabilising, and the incoming trump administration. The charts are constructive with possible early breakouts. If upward momentum continues then price will likely target recent highs and then possibly higher after consolidation or pullback.
Possible risks to trade include resumption of bond decline with rising real rates and USD strength.
THE 2ND TRADE OF THE DAY TO HIT THE STOPAs I posted on the post on NASDAQ earlier, this is our 2nd trade of the day to reach our stop and to be in loss after we made a profitable one on OIL which I will link to this post below.
You can check them and read what I explained in NASDAQ's post about how to stick to your plan and not let your emotions take over your trading.
Follow for more!
LUCMF Asymmetric Trade PossibilityLuca Mining Corporation high reward:ratio — multi-month swing trade Here we have an asymmetric trade potential on LUCMF. Price has broken a long term downtrend and seems to have been creating a reversal pattern in the form of an inverse head and shoulders, as many silver miners are currently doing. This same pattern is not only present on most miners, but on the silver futures or spot charts themselves, in which silver has already broken out of; seemingly following the exact pattern of gold, in the handle portion of its cup and handle In this sense, it is safe to assume the miners are lagging silver in such a way that silver has been lagging gold — same exact pattern just slightly late to the party — this gives traders a “second chance” at catching the move in which silver is currently completing — in the miners
Long term target: $1.65.
Speculative entry point — any price above .45 in case of a false breakout
Conservative entry point — any price above the neckline breakout level (you can adjust this lower according to your risk tolerance as many smaller cap miners often produce false breakdowns)
I suspect there will be a false breakdown after seemingly confirming the breakout, which may warrant a liberal stop loss according to your personal risk preference
GOLD - 15 min ( Best Buy And Sell Scalping After Break ) In the context of Gold trading via FXCM, significant technical levels have been identified on the 15-minute time frame. A bullish outlook is established following a breakout through the key level of 2713.5, notably accompanied by high trading volume. Conversely, a bearish sentiment emerges if the price breaches the key level of 2703, also supported by substantial volume. It is imperative to note that our analysis is grounded in precision rather than numerical approximations, ensuring the provision of the most accurate trading opportunities.
⚡️GOLD / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 2713.5 Point
🚨Bearish After Break Out key level + High Volume / 2703 Point
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
GOLD - Potential Bearish Rejection at ResistanceGold is approaching a key resistance zone, which aligns with the upper boundary of the ascending channel. This area has the potential to act as a strong barrier, leading to a bearish pullback if sellers regain control.
A rejection at this resistance could push the price back toward the $2,698-$2,700 level. If this level holds, it may provide a base for buyers to attempt another rally.
However, a failure to hold above the $2,698 level could signal further bearish momentum, potentially targeting lower areas within the channel. Traders should watch for confirmation, such as bearish candlestick patterns or strong rejection wicks, at the resistance zone.
XAUUSD, EXCACTLY AS PLANNED IN OUR LAST POSTTechnical Analysis:
XAU/USD (Gold) has shown strong bullish momentum, trading comfortably above the 50-day and 200-day moving averages, which signal a sustained uptrend. The price recently broke a key resistance level at $1,950, which now acts as strong support. Momentum indicators like the RSI are in bullish territory but remain below overbought levels, suggesting room for further upside. The MACD histogram is widening, indicating increasing bullish momentum.
The next key resistance lies at $2,000, a psychological level, followed by $2,030, a recent multi-month high. A confirmed break above $2,000 could set the stage for a move toward $2,050. On the downside, support at $1,950 and $1,920 will be critical to watch for any potential retracement.
Fundamental Analysis:
Gold's bullish outlook is driven by a combination of macroeconomic and geopolitical factors. Concerns over global economic slowdown, persistent geopolitical tensions, and central banks maintaining high levels of gold reserves are supporting safe-haven demand.
In the U.S., softer inflation data and dovish signals from the Federal Reserve have weakened the dollar, making gold more attractive for international buyers. Additionally, Treasury yields have started to stabilize, reducing the opportunity cost of holding non-yielding assets like gold.
Furthermore, with the Chinese economy showing signs of recovery and increased demand for physical gold from Asia, gold prices are expected to remain well-supported in the near term. Central bank buying also continues to provide a long-term tailwind for prices.
Key Catalysts to Watch:
U.S. economic data, particularly inflation and labor market reports.
Fed policy updates and FOMC meeting minutes.
Developments in geopolitical hotspots that could spur safe-haven flows.
Demand trends from major gold-importing countries like China and India.
Analysis of the latest trend of gold market:
Analysis of gold news: Spot gold rebounded slightly during the U.S. trading session on Thursday (January 16). The price of gold fell nearly $30 from the one-month high hit last Friday on Monday. The lowest intraday price hit $2,656.73/ounce and closed at $2,662.83/ounce. Last week's strong employment report consolidated the Fed's expectations of cautious interest rate cuts this year. The U.S. dollar rose sharply to the highest level in more than two years, and the U.S. Treasury yield hit a high of more than eight months, which blocked the gold price at the 2,700 mark. In addition, the breakthrough in the Gaza ceasefire mediation also suppressed the safe-haven demand for gold. The U.S. employment report released last Friday highlighted the strong momentum of the economy and made the outlook of the Federal Reserve unclear. The U.S. dollar index rose to 110.17, the highest since November 2022, during trading on Monday, but gave up its gains in late trading, and reported a weekly report of 109.59, a drop of about 0.05%. Trump will be sworn in as the President of the United States next week. The tariffs and protectionist policies he proposed are expected to stimulate inflation and may trigger a trade war, thereby increasing the appeal of gold as a safe-haven asset. People familiar with the matter revealed that the economic team of US President-elect Donald Trump is discussing slowly raising tariffs month by month to increase bargaining chips in a step-by-step manner while trying to avoid a surge in inflation. This has slightly cooled the market's concerns. The US December PPI data will be released this trading day, and several Federal Reserve officials will give speeches. Investors need to pay attention to them. In addition, investors need to pay attention to news related to the geopolitical situation.
Gold technical analysis: Gold's two consecutive positive daily lines have recovered the previous decline. It has re-touched the 2700 integer mark and closed at a high level at the end of the trading day. The probability of breaking today has increased. At present, the daily line structure has driven the moving average indicator to turn upward to form support, and the daily line structure has begun to change to a bullish upward trend. The daily line closed positive, and there is still a high point today. The daily support is near 2678, if it reaches it, you can go long. The Asian early trading session pulled back to 2692 and opened higher, proving that the market is still very strong. The current price of gold is close to resistance at 2719, so we will not chase it. If there is a signal above 2719, we can consider going short first. There is nothing to analyze today. Gold is bullish but cannot chase the rise.
In the bullish rising channel of the 4-hour chart of gold, the step-up rising channel is formed based on the low point of 2655. If the low point is not broken, the bulls will not change, although the process is slow. But the overall situation remains in a fluctuating rise. The 1-hour moving average of gold has entered the golden cross upward pattern again. The gold price has moved sideways and upward in the Asian session at 2685. The basic idea and direction are the same as those on Wednesday. As long as the decline stabilizes, we can continue to look at the bullish market. The market will break through 2720 points and form a new high. On the whole, our senior professional gold analyst team recommends that the short-term operation of gold today is mainly long on the pullback, supplemented by short on the rebound. The short-term focus on the upper side is 2726-2731 resistance, and the short-term focus on the lower side is 2700-2695 support.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great finish to the week with our analysis playing out perfectly. Yesterday we shared our update of the 1H chart idea with our targets all complete and today we follow up on our 4H chart idea.
We got our Bullish target at 2694 complete, which followed with ema5 lock above 2694 opening the range above, all the way into 2726. We got a nice push up clearing over 300 pips and just a few pips short of 2726, which can be considered, as done. Smashing finish to the week!!!
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold at Resistance Zone>Technical Patterns>Potential DropThe U.S. economic Indexes released on January 16, 2025 , have implications for Gold ( OANDA:XAUUSD ):
Core Retail Sales m/m : ncreased by 0.4% , slightly below the 0.5% forecast, indicating moderate consumer spending.
Retail Sales m/m : Rose by 0.4% , under the expected 0.6%, suggesting a potential economic slowdown.
Unemployment Claims : Reached 217,000 , higher than the anticipated 210,000, pointing to a softening labor market.
These factors may lead to a weaker U.S. dollar and increased demand for gold as a safe-haven asset, potentially driving gold prices higher.
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Now let's take a look at the Gold chart in the 4-hour time frame and see how much Technical Analysis can help us predict the trend of Gold in the coming hours and days.
Gold is moving in the Resistance zone($2,743-$2,700) and near the Upper line of the Ascending Channel , the upper lines of the Rising Wedge Pattern and Time Reversal Zone(TRZ) .
In terms of Classic Technical Analysis , Gold appears to be moving within the Rising Wedge Pattern .
According to Elliott's wave theory , Gold appears to be completing microwave C of the main wave Y . The wave count will change if the Resistance zone($2,743-$2,700) breaks .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to start falling at least the Support zone($2,697-$2,689) and the lower line of the ascending channel after entering the TRZ and touching the upper line of the ascending channel and the wedge pattern.
Note: If Gold can break the Resistance zone($2,743-$2,700), we can expect an All-Time High(ATH) for Gold.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SPY/QQQ Plan Your Trade For 1-17-25 : Gap Up Higher PatternToday's pattern is a Gap Up Higher in Counter Trend mode.
I believe this pattern would have resulted in a Gap Down Lower price trend related to the counter-trend setup. But it looks like the foreign markets drove the SPY/QQQ higher.
The obvious disruption to the SPY Cycle Patterns recently has come from the post-election concerns and the expectations of a broader credit/debt market crisis (which seems to be subsiding).
I believe we have to get past the Inauguration before we'll be able to see if the markets attempt to establish any defined price trend or continue to trade in a sideways price mode.
Gold and Silver are struggling to muscle higher - which I believe is the likely outcome for metals.
BTCUSD has moved back above $100k - but may struggle above the downward-sloping price channel.
Overall, at this point, I would suggest traders pull profits on any trades they have open as we move into the new Trump Administration and a slew of new EOs and new policies that may disrupt the markets.
We are very likely going to see some new price volatility over the next 30+ days.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Silver could rise above 32 (1500+ pips target)In my previous analysis on OANDA:XAGUSD , I noted that the lack of bearish continuation following the break below the 30 level suggested a high likelihood of a false breakout.
I anticipated that the price would most likely reverse to the upside, and this scenario has played out as expected.
After breaking back above the 30 level and successfully retesting it, XAG/USD is now holding steadily above this important support.
Additionally, the price has broken out of the falling wedge pattern by moving above the descending trendline.
The morning star candlestick formation observed two days ago further reinforces the bullish outlook.
Adding to the positive sentiment, a strong close today could result in a continuation pin bar on the weekly chart, further supporting upward momentum.
In conclusion, the strategy remains to buy on dips, with an ideal entry around 30.30 and a target at the technical resistance above 32.
Gold will little correct and then to continue grow in channelHello traders, I want share with you my opinion about Gold. The chart shows how the price entered to seller zone, where it reached the mirror line and then dropped to the buyer zone, breaking the 2710 level. After this, the price bounced up from the buyer zone but soon corrected back. Then Gold made a strong upward impulse to the seller zone, breaking the mirror line again. In the seller zone, the price started to decline inside the downward pennant, where it broke the 2710 level one more time and fell to the support line of this pattern, breaking the support level too. Gold some time traded below the support level and later it exited from the pennant pattern, reached this level, and broke it, after which continued to grow. When the price reached 2662 points, the price corrected the buyer zone and then started to grow inside the upward channel. In the channel, Gold rose to the resistance line and then corrected to the support line, after which continued to move up to the resistance level. Recently price reached this level and even try to break it, but failed. For this moment, I think that Gold can correct to support line of the channel and then rise to the resistance level back. After this, XAU can break this level and continue to move up inside the channel. For this case, I set my TP at 2740 points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can break support level and fall to $2660 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to wedge, where it at once made an upward impulse to resistance line, breaking $2695 level.
Next, price in a short time declined to support line, breaking $2695 level again and then exiting from a wedge.
After this, price fell below $2625 level and started to grow in a rising channel, where it traded between $2625 level.
Later, Gold broke this level and rose a little, after which made correction and then continued to grow.
Price reached $2695 level, but at once made a small correction, after which backed up and broke this level.
At the moment, I think that Gold can start to decline from resistance line of a channel to $2660, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Institutional Supply: XAU/USD shortsHey,
One of the key charts that I am focused at is GOLD.
As you can see at the chart, price is moving towards a key supply area.
It's a very basic chart, but simple works and keeps us consistent.
I'll be looking at GOLD short plays when the zone is reached...
And when the 4-hour shapes up.
Kind regards,
Max Nieveld
XAU/USD H4 Analysis: Bullish Continuation with Key Target!H4 Analysis – XAU/USD
Current Price: $2,668
Gold is currently consolidating within a well defined upward channel on the 4h timeframe. The market has exhibited steady bullish momentum after bouncing off a key support zone around $2620. Recent price movements show strong bullish momentum, pointing towards a possible move to higher resistance levels.
Key Features:
- Resistance Zone: Around $2730, where price could face selling pressure.
- Support Zone: Around $2660, aligning with the trendline, acting as a potential entry point.
- Trendline Support: The trendline drawn indicates a steady bullish climb, with price respecting this dynamic support.
- Target Zone: The ultimate target for this analysis is at $2,760, which aligns with a historical resistance level.
There are a few news events this week that could impact our analysis. I will update this idea with any potential entry opportunities.
USD/JPY: Key Pullback After 320-Pip Drops, Another Decline AheadBy analyzing the USD/JPY daily chart, we observe that after a significant drop to 155 (yielding 320 pips), the price has reacted to a key psychological level and is currently in a pullback phase. Following a short upward move, we can look for a suitable trigger to align with another potential downside move. This chart will be updated again soon—stay tuned!
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
EUR/USD Poised for Growth: Key Levels and Targets Ahead! (READ)By analyzing the EUR/USD chart on the three-day timeframe, we observe that the price is still trading around the 1.030 level, and I expect an upward move from this pair soon. With the Dollar Index likely to decline further, this could support EUR/USD's growth.
As mentioned in the previous analysis, the key upside target remains 1.044, while the significant demand levels are at 1.020, 1.005, and 0.99. Keep an eye on these levels for potential opportunities!
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
The Main Analysis :
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.
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EURCAD Falling Wedge Breakout and Support Bounce EURCAD is currently trading at 1.484, with a target price of 1.505, indicating a potential gain of over 200 pips. The analysis is based on a support and resistance strategy, highlighting a key level of support where the price has recently bounced. A falling wedge breakout has already occurred, signaling a bullish reversal pattern. This breakout suggests increased buying momentum as the price moves away from the support. The support level appears to be holding strongly, reinforcing the likelihood of upward movement. Traders are targeting the next resistance zone near 1.505 as the projected price. The setup reflects a well-defined risk-to-reward ratio, favoring long positions. Monitoring price action at key levels is crucial to confirm the trend. Overall, the pair shows strong bullish potential based on technical patterns and market dynamics.
Gold Continues Reaching Fresh Highs!!!Hey Traders, in today's trading session we are monitoring Gold for a buying opportunity around 2688 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2688 support and resistance area.
Trade safe, Joe.