Silver's Bullish Momentum: Can It Rally Another +12.14%?Hey Realistic Traders, A lot of uncertainty looms after Donald Trump was officially sworn in as President. Will Safe Haven Assets, such as OANDA:XAGUSD Rise Again?
Let's dive into the analysis...
Silver has tested the EMA-200 line more than twice in the past year. This retracement often signals a strong bullish trend.
On the daily chart, Silver has formed a falling wedge pattern, followed by a breakout. The breakout, combined with a bullish MACD crossover, suggests the trend is likely to continue upward.
Based on these technical indicators, the price is projected to rise toward Target 1 at $33.0811 or potentially Target 2 at $34.5649, as long as it stays above the critical stop-loss level of $28.7040
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"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver".
Metals
XAUUSD Trade Recap & Next Big Opportunity!⭐️ Premium Club Short Trade @ 2929 - Target Achieved! 💰
Our recent short position from 2929 played out perfectly, hitting all targets with an impressive +290 pips in profit! 🎯
📉 Scalping the Golden Zone
As expected, we capitalized on the key support zone, securing an additional 100-120 pips on a quick long scalp. These fast-moving plays continue to deliver solid returns!
➡️ What’s Next for Gold?
Strong Support Zone Identified – Price has reached a critical demand area, signaling a potential short-term pullback.
1H Order Block Retest – We anticipate a retracement or a possible tag-in before further movement.
Risk-Reward Setup – A well-structured long entry from this zone could yield another profitable trade when markets open Monday.
Major Resistance in Place – Despite a bounce, selling pressure remains strong, and Friday’s momentum suggests further downside in the near term.
📈 Trading Plan:
🕹 Look for long setups at the identified support with a tight SL & proper R:R.
🕹 Keep an eye on the 1H bearish price action for confirmation of a continued move down.
🕹 If resistance holds firm, we could see another strong sell-off later in the week.
💡Stay ready for the next high-probability setup! 🚀
GOLD patience needed until this Bull Flag targets 3080.Gold / XAUUSD is correcting aggressively today on the 1day timeframe with the 1day RSI neutralized from previously overbought to just bullish now.
This is so far the strongest correction since the rally started on the December 18th 2024 low.
Based on those parameters, we believe that this is a Bull Flag similar to late September's.
We expect it to be completed by the end of the month.
Buy and target 3035 (the 1.236 Fibonacci extension).
Follow us, like the idea and leave a comment below!!
COPPER: Resistance breakout aims for 5.1985.Copper is bullish on its 1D technical outlook (RSI = 63.919, MACD = 0.127, ADX = 33.191) and having crossed today above the R1 level, it is a healthy sign of bullish continuation. This is the 3rd main bullish wave of the long term Channel Up and every time the two prior crossed above their R1 levels, the extended to a new HH. The natural target is the R2 level (TP = 5.1985).
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GOLD MARKET UPDATEHey Everyone,
Great finish to the week once again with all our chart ideas playing out, as analysed.
This is an update on our new daily chart idea which we shared on last Sunday, which also played out perfectly .
We had candle body close and ema5 above lock above 2827 leaving target to 2904 AXIS. This was hit perfectly this week completing this level and also into the channel top for the perfect finish and rejection.
We have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics.
We also need to keep in mind the channel half line below to establish floor to provide support for the range. A break below the half line will open the lower part of the channel to establish floor on the channel bottom.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Wave 5 Bull Complete?! (UPDATE)Gold prices have plummeted today, down 460 PIPS so far. Price remains within a range if you look at price on the left, so I'll be keeping an eye to see how market closes & if price will push back up again.
If price does push up, I do have a possible buy scenario in play. For now we just let price do its thing & create a structure.
XAUUSD - Potential buy incomingBased on the technical analysis of the Gold spot price against the US Dollar, we're observing an interesting setup. The price has recently shown strong bullish momentum, reaching levels around $2,940 before experiencing a pullback. There's a significant support zone highlighted by the orange box around the $2,860 level, which appears to be a crucial area to watch.
If this support zone holds and the price maintains above the orange box, we could expect a continuation of the bullish trend. The recent price action suggests there's still buying pressure in the market, and as long as the support at $2,860 remains unbroken, the path of least resistance appears to be to the upside.
The technical structure shows a series of higher lows and higher highs before the recent pullback, which is typically indicative of a healthy uptrend. A bounce from the current support level could potentially lead to a test of the recent highs and possibly beyond.
However, traders should remain cautious and monitor the price action around this support zone, as a break below it could invalidate this bullish scenario. Risk management is crucial, and any trading decisions should be made with appropriate stop-loss levels in place.
Gold turns lowerGold has turned lower on the session - making for a more interesting end to the week. Indeed, the markets have been quite intriguing this week, with the US dollar at the centre of the action. Despite hotter-than-expected inflation data, the greenback softened following Trump’s more measured stance on tariffs, while the euro found support amid his expressed willingness to end the Ukraine conflict.
Previously, gold was ignoring all the dollar strength and was rallying, breaking the historic negative relationship. That seems to be the case again today with the metal falling despite a weaker US dollar.
Is this the start of the correction I was eyeing?
I guess, time will tell.
To be fair, it needs a correction in the near future to remove some speculative froth. That said, a confirmed reversal signal would be needed before adopting a bearish short-term outlook on XAU/USD.
Trump’s declaration that he intends to bring an end to the conflicts in Gaza and Ukraine raises the prospect of reduced haven demand, should he succeed. At the same time, his protectionist stance and expansive spending plans could keep US inflation elevated, delaying rate cut expectations and lending support to bond yields.
By Fawad Razaqzada, market analyst with FOREX.com
PLATINUM - Sell Setup at Key Resistance ZoneOANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area has previously acted as a key supply zone, making it a level to watch for potential rejection.
If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the $1,021 level.
However, a strong breakout and hold above resistance could invalidate the bearish outlook, potentially leading to further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
There are opportunities for short-term buying and selling todayGold continues to rise on the daily chart, and bulls increase their volume! The structure remains intact, and the moving average and K-line remain in a bullish arrangement. At present, the price of the daily chart continues to move up from the high point of the MA5-day moving average, and the MA10/7-day moving average keeps opening and moves up to 2880/2898. The price continues to extend to the upper track of the Bollinger Band. The RSI indicator daily chart is close to 80 again. It should be noted on Friday that when the gold price hits a new record high again, the indicator signal may be overbought. On the weekly chart, the gold price has risen for 8 consecutive weeks.
The short-term four-hour moving average also keeps opening upward, and the price moves up from the MA7-day moving average. The moving average keeps opening upward, and the price is running in the upper track of the hourly chart and the four-hour chart Bollinger Band channel. The trading idea on Friday is still mainly to pull back low and long, and then go short after the historical high or previous high key resistance test in the European and American markets.
Yesterday, gold fluctuated downward in the Asian and European sessions. The price in the NY market fell to 2864 and then started to counterattack. As of today, it has risen to 2932. Judging from yesterday's trend, the first half of the session was running well, and the NY market made a desperate counterattack. At the same time, today's rebound high exceeded our expectations. From the current market, the daily chart has signs of V. Yesterday's bottoming and rebounding directly limited the range of today's adjustment!
Gold is now under pressure at the top of the entity in the previous 4 hours, and gold has begun to stagnate. From the trend chart, the oscillating upward trend has not changed. If gold cannot go up in 1 hour, then gold may still form a double top structure. Before gold breaks through strongly, gold is currently blocked at a high level and falls back. Even if you go long, you must wait patiently for opportunities after the decline, and don't chase more at the top. So from a strategic point of view, both long and short positions have opportunities!
Key points:
First support: 2922, second support: 2915, third support: 2902
First resistance: 2938, second resistance: 2948, third resistance: 2957
Operation ideas:
BUY: 2913-2915, SL: 2904, TP: 2930-2940;
SELL: 2958-2960, SL: 2969, TP: 2930-2920;
GOLD / USD Long (Looking for Target 2 )After the news impact GOLD tends to move strongly.
XAUUSD
Long trade went incredibly great.
First Target has been meet.
GOLD looking for solid move towards target 2.
After target 2(which a major resistance for Gold) we might see a reversal
Best Regards,
The Panda
CAPITALCOM:GOLD
OANDA:XAUUSD
FX:XAUUSD
Gold (XAU/USD) |ATH Breakout or Correction? Key Levels to Watch! Gold (XAU/USD) – Technical Analysis (4H Chart)
🔹 Market Overview:
Gold is trading near its ATH and maintains strong bullish momentum. A 4H candle close above 2,934 will confirm further upside toward new highs.
🔹 Current Price Action:
The bullish trend remains intact as long as Gold stays above 2,918 - 2,895.
A break above 2,934 will confirm bullish continuation to 2,956 and 2,974.
If price fails to hold above 2,918, a bearish correction toward 2,895 - 2,880 is possible.
🔥 Potential Bullish Scenario:
✅ A 4H close above 2,934 → Bullish breakout confirmed 🚀
📌 Targets:
📍 2,956 (first resistance)
📍 2,974 - 2,986 (next major resistance & extension target)
⚠️ Potential Bearish Scenario:
❌ A 4H close below 2,918 may trigger a pullback.
📌 Support Targets:
📍 2,895 (minor support)
📍 2,880 (strong demand zone)
🔑 Key Levels:
📍 Pivot Point: 2,934
📍 Resistance: 2,956 | 2,974 | 2,986
📍 Support: 2,918 | 2,895 | 2,880
📌 Conclusion:
✅ Gold remains bullish above 2,934, targeting 2,956+.
🚀 A breakout above 2,974 opens the door for 2,986+.
⚠️ Break below 2,918 may trigger a correction to 2,895 - 2,880.
💬 Will Gold push to new ATHs or pull back first? Drop your thoughts! 👇🔥
SPY/QQQ Plan Your Trade For 2-14-25 : CRUSH PatternHappy Valentine's Day - everyone.
Tell the people around you how much they mean to you and how important they are to your life.
Today's SPY Cycle Pattern is a CRUSH pattern. These types of patterns are usually very large range bars that attempt to REVERT back to a mean price level - in this case - DOWNWARD.
Near the end of this video, I discuss some of my Custom Indexes and explain why the data tells me we are moving into a topping pattern for the US and global markets. Many of you watch my Plan Your Trade videos and probably think I make things up as I go.
Actually, a lot of data and research go into my decision-making. Ninety-nine percent of that data (usually in predictive modeling, Custom Indexes, and other resources) delivers a clear outcome. In this case, the result is "the markets are TOPPING."
So, even though the markets didn't cooperate with my Deep-V breakdown from Feb 10 to 13, I urge you to watch this video until the end, when I start sharing some Custom Index data/charts. Pay attention to what that data tells us.
Notably, the Smart Money Index and the Accumulation Phase Index are screaming, "The markets are TOPPING."
Gold and Silver move into a Gap-Revert-Stall-Flush pattern, again representing a reversion to the mean price level.
I believe today will be another moderately downward-trending Friday, as we've continued to see over the past three or more weeks.
Please spend a little time hitting the pause button and checking out some of my Custom Index charts. They are the data that drives much of my decision-making.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD--> Test ATH 2942. Are buyers ready to act ?OANDA:XAUUSD testing ATH levels which could trigger growth momentum. The target of 3000 is getting closer day by day. Imminent in the near future...
Metals are consolidating after the price surge, maintaining an upward trend. Supported by Trump's tax plan and Fed easing expectations.
Meanwhile, the US Dollar (USD) and US Dollar Index (DXY) are significantly weaker. Markets are reacting to the delay in tariff implementation and comments from Trump and Powell about the need for interest rate cuts (requiring weeks or months before implementation), which has supported gold. Ahead lies potential profit-taking and impact from US Retail Sales data for January to be released.
Resistance levels: 2942, 2950
Support levels: 2929, 2923, 2908
Emphasis on key support levels. From there, price will realize growth potential. I don't rule out the possibility of retesting 2929-2922 before buyers continue their action.
Best regards, Bentradegold!
ehereum x silverCRYPTOCAP:ETH x NASDAQ:XAG 🔃
Bitcoin is digital gold, Ethereum is digital silver!
CRYPTOCAP:BTC is gradually moving towards the market value of TVC:GOLD , then the same applies to eth silver and this is inevitable.
It should not be forgotten that crypto dynamics move faster and it will not take long for the market cap gap to be closed.
Gold → Accelerating Upwards NorthOANDA:XAUUSD returning to the trend following news (inflation). The northbound train may continue from 2907. Upcoming unemployment claims and PPI data.
Gold is supported by uncertainty surrounding Trump's tariffs and economic data from the United States. The Fed remains hawkish due to rising inflation, pushing bond yields higher and driving prices down to $2,865 briefly. However, buyers quickly returned, pushing prices back up.
Meanwhile, traders are awaiting PPI data which could influence Fed policy.
Technically, prices are consolidating in the buying zone compared to key points at 2900 and 2907. If buyers can hold and strengthen above the 2907 resistance level, gold could update ATH in the medium term. Additionally, focus is on 2918 - 2920. Price consolidation above this zone will also support prices.
Best regards,
Bentradegold!
GOLD → Accelerating northward. Targeting $3000Hello dear friends, Ben here!
Today, gold continues its strong upward momentum. Taking inspiration from previous growth - high economic risk. The price is moving increasingly closer to the previously anticipated mark of $3000.
Accordingly, gold broke above the trend channel boundary and the $2850 mark at the start of the week in the US, but growth is being limited by the strengthening dollar due to escalating trade risks. Trump announced on Sunday that he would impose new 25% tariffs on all imported steel and aluminum products, exacerbating the pain for the Euro and commodity-linked Australian Dollar (AUD) and New Zealand Dollar (NZD), thereby channeling new buying interest into the safe-haven currency - the US Dollar.
Gold prices also benefited further from the People's Bank of China (PBOC) expanding its gold reserves for the third consecutive month in January and expectations of more stimulus measures from China. However, in the coming days, USD could extend its recovery if risk flows intensify or markets return to profit-taking on USD short positions before US CPI inflation data is released on Wednesday. Moderate expectations from the Fed, hopes for Chinese economic stimulus, and lurking trade war risks will help limit gold's downside.
Technically, we are currently monitoring around the psychological area of 2904 and the main support level is 2882.
Resistance level: 2904 (unconfirmed)
Support levels: 2882, 2870, 2853
Bulls seem to remain hesitant around the 2904 area with prices potentially continuing their upward trend without any reversals. But! The most likely scenario at this point is a false break of 2904, with a short-term correction to retest liquidity before bulls head northward.
GOLD → Heading into tonight: Is 3K still a valid target ?OANDA:XAUUSD has approached the 2950 level but has yet to reach the key psychological threshold. The current price action indicates a correction phase, allowing the market to rest and accumulate liquidity ahead of key news releases, with a potential move northward on the horizon.
Gold is currently testing the 2900 level following Trump’s new tariff announcement, maintaining strong demand. The primary focus remains on Powell’s speech and the U.S. inflation data, as these will be the key factors influencing expectations for a Fed rate cut, which is the main driving force behind gold’s movement... Theoretically, the situation remains unclear as gold approaches strong support levels.
From a technical perspective, a correction is a logical scenario in a strong market. Technically speaking, prices cannot rise indefinitely; they require energy, which is replenished through seller pressure.
Currently, key focus areas include 2912, Fibonacci 0.618, and Fibonacci 0.5 levels.
Resistance levels: 2912, 2930
Support levels: 2901 (Fibonacci 0.618), 2888 (Fibonacci 0.5)
Powell’s speech, scheduled for tonight, and tomorrow’s U.S. inflation data will be the main catalysts. High volatility is inevitable. However, overall economic conditions continue to support this precious metal.
Before moving higher, gold may first test 2901 and 2888. The target remains within the familiar range of 2950 to 3000.
Best regards, Bentradegold!