Gold rises and then consolidates
Currently, the price of gold is around $2,695, and the overall trend is fluctuating upward. From a technical point of view, the price is gradually climbing along an obvious upward trend line, which shows that the bulls are still dominant. The price has recently hit a high of $2,701.66 and then pulled back, and sought support at two key support areas of $2,685.71 and $2,677.78.
From the current possible trend, the price of gold may face two scenarios:
1. Rising scenario:
If the price of gold stabilizes in the current area and gets support at the rising trend line ($2,685.71 or $2,677.78), the price may continue to rebound and test the high of $2,701.66 again. Once the high is broken, it may rise further in the future, with the target pointing to higher resistance levels, such as around $2,710.
2. Pullback scenario:
If the price fails to hold the support of $2,685.71, it may test the secondary support area near $2,677.78 downward. If this area is lost, the upward trend may be threatened, and the price may further drop to a lower support area. It is necessary to focus on the effectiveness of the trend line.
Key technical indicators:
Support level: $2685.71 and $2677.78.
Resistance level: $2701.66 and $2710.
Overall, gold is still in a bull market, but there may be a small correction in the short term to release the pressure in the rally. Traders can formulate trading strategies based on support and resistance areas, while paying close attention to the market volatility and the impact of fundamental news on gold.
Metals
XAUUSD TODAY'S NEXT MOVE?Hello traders!
I have an important gold trading update to share:
GOLD (XAUUSD) Trading Opportunity Analysis:
Entry Zone: Around $2,688
Stop Loss: $2,677 (11 points)
Target: $2,730 (42 points)
Risk-to-Reward Ratio: Approximately 1:3.8
This setup offers an attractive risk-to-reward profile, with potential gains nearly four times the risk. As always, please:
Use proper position sizing
Respect your stop loss
Consider taking partial profits along the way
Conduct your own analysis before trading
Stay tuned for updates on this setup. Trade safely!
Note: This is a technical analysis perspective and not financial advice. Markets can be unpredictable, so always manage your risk appropriately.
GOLD recovers to original target, paying attention to US CPIOANDA:XAUUSD recovered strongly and is currently traded quite narrowly. US PPI data has reinforced investor confidence in the Federal Reserve to cut interest rates further this year. In addition, Trump's report on tariffs also affected the USD, helping push gold prices higher. On Wednesday, investors are focused on the US CPI, which is expected to cause a big swing in the markets.
US PPI data and Trump's tariff report influence the USD
US PPI unexpectedly came in lower than expected in December, driven by lower food costs and firm service prices, which may help ease concerns about persistent price pressure.
Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that the U.S. PPI rose 3.3% year-on-year in December, an increase less than the 3.5% expected. Core PPI, which excludes food and energy, rose 3.5% year-on-year, below expectations of 3.8%.
US PPI increased 0.2% month-on-month in December, lower than the 0.4% increase in November and below market expectations of 0.4%. Core PPI, which excludes food and energy, was unchanged from the previous month, missing economists' expectations of a 0.3% increase and the previous month's 0.2% increase.
After the US PPI data was released, the US Dollar fell again. A weaker US Dollar makes gold more attractive.
Bloomberg reports that members of US President-elect Donald Trump's incoming economic team are discussing gradually increasing taxes month by month to increase their negotiating leverage incrementally, while also helping to avoid rising inflation. mutation.
One idea is to build a progressive tax schedule with monthly increases of about 2% to 5%, said people familiar with the matter. The plan would also need to rely on executive powers granted by the International Emergency Economic Powers Act. This news also affected the US Dollar, causing gold prices to recover.
Pay attention to US CPI
Investors are now waiting for the US Consumer Price Index (CPI) released on Wednesday to analyze the Fed's policy direction.
The US CPI is expected to increase at an annual rate of 2.9% in December, higher than the previous month's 2.7% increase, while the month-on-month CPI increase in the month 12 is expected to be 0.3%. .
If Wednesday's US CPI report is lower than expected, it could increase the likelihood that the Federal Reserve will ease policy this year, which would benefit gold. And of course the opposite effect is if the data is higher than expected.
Gold is considered a hedge against inflation, but due to its non-interest-bearing nature, a high interest rate environment weakens its investment appeal.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is still trading very narrowly but as mentioned to readers in previous publications that gold has achieved the initial technical conditions for a possible price increase.
With the short-term trend formed by the green price channel and support from EMA21, POC Volume Profile.
After the previous correction, gold has also recovered from the 0.50% Fibonacci retracement level to reach the initial target at 2,676 USD, the next target will be around 2,693 - 2,700 USD. Meanwhile, the Relative Strength Index maintained above 50 is a positive signal for an uptrend in the near future while still quite far from the overbought area.
During the day, the technical outlook for gold is bullish, notable points will also be listed as follows.
Support: 2,664 – 2,650USD
Resistance: 2,676 – 2,693 – 2,700USD
SELL XAUUSD PRICE 2701 - 2699⚡️
↠↠ Stoploss 2705
→Take Profit 1 2694
↨
→Take Profit 2 2689
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2645
→Take Profit 1 2656
↨
→Take Profit 2 2661
Today analysis for Nasdaq, Oil, and GoldNASDAQ
The NASDAQ closed higher, digesting the release of the CPI data. On the weekly chart, it faced resistance at the 5-week moving average, forming an upper wick. After a downtrend early this week, the market rebounded significantly. On the daily chart, the index rose to around the 20-day moving average but has yet to see the MACD cross above the signal line, making it premature to confirm a buying signal. Even if the uptrend continues, it would be prudent to wait for a golden cross in the MACD before committing to a buy position. Moreover, there is significant resistance from prior supply zones, making a sell strategy around higher levels valid.
On the 240-minute chart, as mentioned previously, a failed dead cross led to a rebound, forming an inverse head-and-shoulders pattern. The MACD is trending upwards and diverging from the signal line. However, since the signal line is still below the zero line, a sideways consolidation phase may be necessary before a sustained move higher. Today, it is advisable to focus on range-bound trading within a box, managing risks carefully with sell strategies at higher levels.
OIL
Crude oil closed higher as it absorbed inventory data and the pipeline shutdown news. On the daily chart, it found support at the 5-day moving average and broke strongly above $78 (March futures), the upper boundary of the monthly chart. However, the sharp upward move has created significant gaps between the moving averages, suggesting the potential for a corrective phase today.
On the 240-minute chart, a buy signal has triggered a sharp rise, but the MACD has not yet surpassed its previous high. A failure to rally further could create bearish divergence. A significant correction and support at previous resistance levels, such as the $74–$75 range, could present a buying opportunity. Meanwhile, profit-taking may dominate as the market digests the recent rally. A box range approach with buy strategies on dips and sell strategies at higher levels is recommended.
GOLD
Gold closed higher after digesting the CPI data. On the daily chart, both the MACD and the signal line have moved above the zero line, signaling a confirmed buy trend. Further upside is expected, as it has also broken above the resistance line of a triangular consolidation pattern. A buy-focused strategy remains valid.
On the 240-minute chart, a buy signal preceded continued gains. Should the MACD and signal line diverge further, this would increase confidence in the uptrend. Even if gold consolidates instead of continuing to rally, the signal line above the zero line indicates a neutral-to-positive outlook. Considering that the 10-year U.S. Treasury yield is showing signs of peaking and pulling back, gold’s strong upward trend is worth monitoring closely. As numerous data releases are expected today, stay cautious and trade wisely.
■Trading Strategies for Today
NASDAQ - Range-bound Market
-Buy: 21325 / 21270 / 21190 / 21140
-Sell: 21440 / 21500 / 21550 / 21590
Crude Oil - Bullish Market (March futures)
-Buy: 78.10 / 77.50 / 76.90 / 76.30
-Sell: 79.70 / 80.10 / 80.80 / 81.30
Gold - Bullish Market
-Buy: 2717 / 2709 / 2700 / 2696 / 2690
-Sell: 2726 / 2732 / 2738 / 2745 / 2754
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!
Forecast UPDATES! Jan 15, WedIn 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.
A Golden Opportunity in a Bull Market USAUThis report provides an in-depth analysis of U.S. Gold Corp. NASDAQ:USAU using the Momentum Reversal Indicator (MRI) and incorporates insights from recent articles highlighting USAU's strong potential within a bull market for gold. By examining daily, weekly, and monthly timeframes, this report aligns USAU's technical setup with broader market fundamentals to provide actionable trading strategies.
Technical Analysis
1. Monthly Chart: Primary Trend
- Trend : Bullish, with consecutive Green Setups ( 1, 2, 3, 4 ) signaling sustained upward momentum.
- Support and Resistance :
- Support: Monitor TI Setup Trend Support or the most recent swing low.
- Resistance: Potential resistance near Green 8 or 9, which indicates trend exhaustion.
- Outlook : The primary trend aligns with projections of sustained bullish momentum in the gold market.
2. Weekly Chart: Intermediate Trend
- Trend : Transitioning to bullish, forming Green Setup 1 after Red Setup 5.
- Key Confirmation :
- Await Green Setup 2 closing above Green Setup 1 to confirm bullish continuation.
- Support and Resistance :
- Support: Near TI Setup Trend Support or recent swing lows.
- Resistance: Previous swing highs or Fibonacci retracement levels.
- Outlook : A confirmed bullish reversal will reinforce the broader market outlook.
3. Daily Chart: Entry and Exit Points
- Trend : Bullish continuation, with Green Setups progressing from Green 2 to Green 5 .
- Reversal Levels :
- Monitor Green 8 or 9 for potential trend exhaustion or reversal signals.
- Support and Resistance :
- Support: TI Setup Trend Support or prior swing lows.
- Resistance: Green 9 or Fibonacci retracement levels.
- Outlook : Short-term bullish opportunities align with weekly trends but require caution near Green 9.
Fundamental and Market Outlook
Recent analyses highlight key factors that underscore USAU's investment potential within a strong gold market:
1. Record High Gold Prices :
- Gold has reached record highs, with forecasts predicting prices to potentially hit $3,000 per ounce by the end of 2025 and even higher by 2030.
2. Undervalued Gold Mining Companies :
- Companies like USAU are poised for growth as they are undervalued relative to the surge in gold prices.
3. USAU's Unique Advantages :
- Analyst Price Targets :
- Roth MKM : Initiated coverage with a Buy rating and a price target of $10.00 .
- HC Wainwright & Co. : Maintained a Buy rating, raising the price target from $11.00 to $13.00 .
- Alliance Global Partners : Maintained a Buy rating with a price target of $18.00 .
- Strong Development Pipeline : USAU’s projects position it for near-term production and long-term growth.
- Experienced Team : Proven management with gold exploration and development expertise.
- Dual Exposure : Opportunities in both gold and copper markets.
- M&A Potential : USAU's assets could attract acquisition interest in a rising gold market.
---
Trade Recommendations
1. Bullish Continuation Trade
- Timeframe : Weekly and daily charts.
- Action : Enter long after Green Setup 2 confirmation (weekly) or a breakout above Green 6 (daily).
- Entry Point :
- Weekly: After Green Setup 2 closes above Green Setup 1.
- Daily: On breakout above Green 6 or 7.
- Stop-Loss : Below the last swing low or TI Setup Trend Support.
- Take-Profit :
- Weekly: Near swing highs or resistance zones.
- Daily: Near Green 8 or 9.
Risk Management
- Risk-Reward Ratio : Maintain a minimum of 1:2 for all trades.
- Stop-Loss Orders :
- Use strict stop-loss orders to cap potential losses.
- Trailing Stops :
- Implement trailing stops to lock in profits as trades progress favorably.
Conclusion
U.S. Gold Corp. NASDAQ:USAU presents a compelling opportunity for traders and investors within a robust gold market. The company’s strong technical signals and bullish market fundamentals suggest significant upside potential. However, cautious risk management is essential, especially as the stock approaches key resistance levels or trend exhaustion points on the daily chart.
Disclaimer
This report is for informational purposes only and should not be considered financial advice. Investing involves risk, and past performance is not indicative of future results. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
XAUUSD bullish upon holding the MA50 (1h). Targeting 2720.Gold is trading inside a Channel Up and is currently on the new bullish wave.
Today it held the MA50 (1h), which is a strong bullish sign that the wave will continue to a new higher high.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2720 (the 1.618 Fibonacci extension).
Tips:
1. The RSI (1h) is forming the exact same pattern as the previous bullish wave, currently following the January 7th structure.
Please like, follow and comment!!
Notes:
Past trading plan:
SPY/QQQ Plan Your Trade 1-15 Followup: Rally Into Jan 20-23This video was started to highlight the incredible predictive capabilities of my SPY Cycle Patterns and longer-term Cycle Research.
It seems almost impossible to be able to somewhat accurately predict future price moves - but I'm able to do it with moderate success - sometimes months and years into the future.
What does that mean to you - well, it should mean you want to pay attention to my research/videos and learn how to take advantage of my continued research.
This video highlights why the Doom-sayers are wrong. The markets will continue to trend upward until the 2030-2033 peak. That's when traders need to be prepared for a broad market downtrend.
But, it sure is fun getting emails and announcements from all the people that are now calling for a "great reset" to take place.
It may happen in certain countries, but this is a market of economies - not a single economic market. What happens in some countries does not always happen to all countries.
As the old saying goes - this is a market of stocks, not a stock market.
Get ready - the next 5+ years should be full of incredible opportunities for skilled traders.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold - 15 min ( Sell Scalping Target range 150 PIP ) The current analysis of Gold trading within the FXCM framework indicates a significant bearish reversal at the key level of 2694 points, evidenced by heightened trading volume. The identification of this critical level on the 15-minute time frame underscores the potential for market repositioning. We emphasize the provision of precise opportunities and analytical insights, prioritizing accuracy over numerical metrics in our assessments.
⚡️GOLD / FXCM
Best Break Our / Key level's 15m Tf
🚨Bearish Reversal Out key level + High Volume / 2694 Point
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
GOLD - Potential Pullback to Retest SupportGold is trading near a key resistance zone within an ascending channel, suggesting a potential pullback. If price rejects the resistance zone, this could present an opportunity for sellers to re-enter the market.
The immediate target for sellers lies at $2,677.99, a key support zone where buyers might re-enter. A decisive break below this level could pave the way for further downside, with the broader ascending channel potentially invalidated.
This setup reflects a clear shorting opportunity if the price fails to sustain above resistance. Traders should wait for bearish confirmations before considering short positions.
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC day on the charts once again!!!
Yesterday after completing the bearish target at 2665, we confirmed the rejection with no lock below. The bounce gave us a nice push up, all the way into 2694 our Bullish target, perfectly inline with our plans to buy dips. We were able to secure over 100 pips clean!!
We are now looking for ema5 lock above 2694 for a continuation to the next Goldturn or failure to lock above will follow with a rejection back to lower Goldlturns for a bounce.
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
2694 - DONE
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE FOLLOWING BEARISH TARGET
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE SWING RANGE
SWING RANGE
2600
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
Gold 1H Intra-Day Chart 15.01.2025Gold has started the year of really bullish. But I see this as a liquidity grab, so my next step would be to look for shorting zones.
Option 1: Shorting at current market price towards $2,650.
Option 2: Once price reaches $2,650, next target would be $2,620 or a small retracement back up towards $2,680.
GOLD – Potential Bullish ContinuationGOLD has recently broken above a key resistance level, signaling sustained bullish momentum within the broader ascending channel structure. This breakout aligns with the ongoing upward trend, reflecting the market's current bullish sentiment.
If the price revisits the $2,678.17 level for a retest and displays strong bullish confirmation—such as a rejection pattern, bullish engulfing candles, or consistent buying pressure—it would strengthen the case for further upside potential. Should this scenario unfold, the next target for buyers is the $2,691.72, a level that has previously attracted significant selling interest.
This setup reflects the broader bullish structure, offering potential opportunities for continuation trades. However, a failure to hold the retest level or a breakdown of the ascending trendline could challenge this outlook.
Traders are encouraged to monitor price action closely at the retest zone for clear signs of bullish momentum before committing to long positions.
SPY/QQQ Plan Your Trade For 1-15 : Inside BreakawayToday is going to be a very interesting day.
Mortgage data came in very strong, while CPI data came in moderately weaker. That is setting up a very strong GAP RALLY phase in the markets.
Shorts are going to get SQUEEZED HARD this morning, and I suspect we may see a carry-through rally lasting most of the day.
Be cautious of a pullback after the big GAP opening (higher) this morning.
Gold and Silver are attempting to move higher - which is perfect if the US Dollar weakens moderately. Overall, Gold and Silver are attempting to hedge risk factors into 2025.
Bitcoin will likely run into resistance just below $100k and attempt to fall downward again.
This is a very exciting week because it appears the markets are shaking off the debt/credit/yields concerns and moving back to normal.
Remember, where else will investors place their capital for Growth and Returns - other than the US? As I see it, the US markets are still the 900lb Gorilla in the global markets simply because of the ability of the US economy to rebound and recover much quicker than other foreign economies.
Get some.
BIG SHORT SQUEEZE this morning.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD - Price can reach resistance level and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few days ago price declined in falling channel, where it at once broke $2715 level and fell to support line of channel.
Then price moved up to resistance line of channel and then continued to decline to $2536 points.
Gold broke $2605 level but soon it made an upward impulse, exiting from a channel and breaking $2605 level again.
Also, price started to trades inside flat, where it twice reached resistance level and then dropped to support line.
After this, Gold exited from flat and started to grow near support line, and later it bounced from this line.
Now, I think that XAU can reach resistance level and then start to decline to $2625 support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold will touch trend line and then start to declineHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price reached the resistance level, which coincided with the resistance zone, broke it, and rose to the trend line. Then Gold started to decline inside the wedge and soon broke the 2690 level, after which dropped until to the support level and even lower the support zone to 2584 points (support line of wedge) and then turned around. Some time, the price trades below the support level and tries to break it, but it does this on the third try. Then Gold rose a little and made a correction to the support level, after which rebounded and started to grow to the resistance level. When XAU reached this level, it broke it and touched the trend line, after which made a correction movement, breaking the resistance level one more time. Then it turned around and rose to the resistance level one more time and touched the trend line again, after which started to decline. In my mind, XAUUSD will reach the trend line one more time and then continue to decline in the wedge. For this case, I set my goal at 2660 points. If you like my analytics you may support me with your like/comment ❤️
Gold is rising!If we look closely at the gold chart, we have broken a good pattern up and we have an untouched point as a target. We expect to move towards the specified target after a short correction. Of course, next week the correction may be much smaller than expected! Selling deals are a bit more risky at the moment
Technical analysis of gold trend
Price review and key levels
As can be seen from the chart, gold has recently fluctuated between $2,684 and $2,691. The current price is at the upper edge of the rising channel, showing certain upward potential. Fibonacci retracement levels provide important support and resistance levels:
Fibonacci 0.236 ($2,678): The current price is close to this resistance level, and breaking through this position may open up further room for growth.
Fibonacci 0.382 ($2,666): In the recent adjustment, this level has provided short-term support.
Fibonacci 0.618 ($2,646): Shows strong support and is an important support point for the current upward channel.
Technical pattern analysis
1. Rising wedge: The red trend line shows that the price of gold is fluctuating along the rising wedge, and the rising wedge usually indicates that the trend will continue.
2. Double top signs: A double top pattern appeared at the recent high, but the neckline was not broken, indicating that the bulls still have a certain degree of dominance.
3. Potential pullback: If the upper edge fails to break through in the short term, the support level of $2,675 (lower edge of the channel) may be tested again.
Upward target
Short-term target: If the price successfully breaks through the previous high of $2,697, the next target will be $2,705 or even higher.
Long-term target: The channel extension trend shows that if the bulls are strong, the price has the potential to test the psychological barrier of $2,730.
Risk factors and operation suggestions
1. Risk: If it falls below the lower edge of the channel (near $2,660), it may trigger more selling pressure, and the key support below is $2,640.
2. Trading suggestions:
Long: It is recommended to wait for the price to break through $2,697 and then chase long with a light position, with a target of $2,705-2,720.
Short: If it falls below $2,660, you can short with a light position, with a target of $2,646.
Gold is currently in an upward trend, and in the short term, pay attention to the breakthrough of the $2,697 resistance level. The operation is mainly based on trends, and flexible responses are taken in combination with key support and resistance levels.