Gold Wave 5 Bull Complete?! (UPDATE)Gold has been absolutely crazy since market open last night! With a huge 350 PIPS move up on market open, price crashed back down 600 PIPS overnight. This impulse move down is a strong indication the top for Wave 5 could be in.
Time for market structure to form its corrective phase now📉
Metals
Trade Idea: XAUUSD Short ( SELL STOP )Technical Analysis:
• Daily Chart:
• Clear strong bullish momentum with price at 2906.68, trending above key moving averages.
• RSI at 77.97, indicating overbought conditions, suggesting potential for short-term retracement.
• MACD shows strong bullish momentum.
• 15-Minute Chart:
• Recent retracement from a high around 2932 suggests temporary resistance.
• RSI around 55.81, indicating a balanced market, with no immediate divergence signals.
• MACD shows waning bullish momentum but still trending positively.
• 3-Minute Chart:
• Evidence of intraday recovery from the recent drop, with price approaching resistance near 2907.
• MACD shows recovery signals, and RSI at 61.07 indicates room for further upside.
Fundamental Analysis:
• Recent strong gold prices likely driven by macroeconomic uncertainty and possible dollar weakness.
• Central bank buying and geopolitical factors remain supportive for gold prices.
• However, overbought technical levels may trigger profit-taking.
Trade Idea (Short Position - Countertrend):
Given the overbought daily RSI and potential for a short-term correction:
• Entry: 2905
• Stop Loss: 2920
• Take Profit: 2875
This provides a 2:1 Risk-Reward Ratio (15 points risk, 30 points reward).
SILVER - Finally Following Gold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈SILVER has been in a correction phase and it is currently approaching the lower bound of the blue rising wedge pattern.
Moreover, the green zone is a strong structure and support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #XAGUSD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Silver is in the Bearish trend after testing ResistanceHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
SPY/QQQ Plan Your Trade For 2-11 : GAP DefenderThe GAP Defender pattern is where price struggles to maintain a recent open GAP - attempting to defend against closing that GAP.
In my mind, this is the lower GAP window between 601.30 and 602.75 (yesterday's opening GAP range).
If this recent gap is filled, then I suggest the SPY will attempt to move downward (into my Deep-V breakdown) trying to target the lower GAP near 584.29.
Watch Gold and Silver as they continue to breakdown. Any big breakdown in metals should be considered a warning sign the markets are moving into a PANIC phase (selling).
We have lots of news today (Powell and other Fed members testifying) while we just found out Trump initiated a larger tariff on steel. I believe the strength of the US Dollar will continue to put pressure on global currencies - possibly leading to even more foreign market distress. This may result in a broader global market breakdown over the next 5-10 trading days.
Remember, we have the Deep-V pattern setting up this week and another Major Bottom pattern setting up on Feb 21. I interpret this as a dual-breakdown event - where price attempts to move downward and tries to identify solid support.
Bitcoin will likely follow this trend downward over the next 5 to 10+ days.
Buckle up.
It looks like today may be the day my Deep-V breakdown starts to drive prices lower for the SPY/QQQ and other major sectors.
We'll see how things play out.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD Under Pressure! SELL!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 2903.84
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2880.90
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
XAUUSD: Channel Up correcting but will now resume bullish trend.Gold is overbought on its 1D technical outlook (RSI = 71.385, MACD = 54.590, ADX = 56.363) and today's pullback comes as a natural technical correction inside the Channel Up pattern. The 4H MA50 is the short term support and as long as it holds, we anticipate an extension of the bullish wave now that the P1 level (former Resistance) is hit, same to what happened on February 3rd. Aim for a full +5.50% extension (TP = 2,980).
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Gold dips $50 from ATHGold has dropped more than $50 from its overnight high, when it set a new a record at $2942. It is now back below $2900 as rising bond yields and the dollar provides counterbalance to haven demand amid trade wars.
At the time of writing, it was testing short-term support near $2880/84 area, where it had previously found resistance, before breaking to new all time highs.
But is this a mere dip from severely overbought levels, or a potential turning point?
Despite today's reversal, gold remains firmly in an uptrend, consistently setting new highs. However, signs of exhaustion has now started to emerge. Let's see how much of selling pressure will the bears bring here.
The price of gold had reached extreme levels amid insatiable demand lately. Indeed, the Relative Strength Index (RSI) was flashing overbought signals across multiple timeframes: the daily RSI was sitting near 78 before today's drop, while the weekly was also above 70 with negative divergence, and the monthly had pushed beyond 79. These levels suggest that a pullback or consolidation may be on the horizon, which may now be underway.
However, a clear reversal signal is needed before we can turn tactically bearish. Perhaps, if we see a complete engulfing of yesterday's range, that might be the trigger?
Anyway, this goes to show that the overbought RSI conditions serve as a warning for bulls to remain vigilant, and that one should not take anything for granted in trading.
By Fawad Razaqzada, market analyst with FOREX.com
Gold Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2885 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2885 support and resistance area.
Trade safe, Joe.
Gold (XAUUSD) Trade Idea – Short Position ( SELL LIMIT )Based on technical analysis, the price has recently seen a sharp drop after a strong uptrend, indicating a potential reversal or correction. The daily RSI (72.27) is overbought, suggesting downside pressure. The MACD on the lower timeframes (M15 and M3) is bearish, confirming short-term momentum shift. Price action on M3 and M15 shows a lower high and a break of structure, signaling further downside.
From a fundamental perspective, if risk sentiment improves (equities rising, DXY strengthening, or bond yields increasing), gold could face additional selling pressure.
Trade Details
• Position: Short (Sell)
• Entry: 2892 (near minor resistance after a pullback)
• Stop Loss (SL): 2902 (10 pips above entry, covering recent highs)
• Take Profit (TP): 2872 (20 pips lower, respecting 2:1 RRR)
• Risk-Reward Ratio (RRR): 2:1
Trade Confirmation
1. Wait for price to retrace to 2892 before entering.
2. Watch for rejection candles (e.g., bearish engulfing or pin bars) on M3/M15 to confirm selling pressure.
3. Monitor fundamental factors such as USD strength, bond yields, and risk sentiment.
GOLD Is Very Bullish! Long!
Here is our detailed technical review for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,902.777.
Considering the today's price action, probabilities will be high to see a movement to 2,977.804.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Ready for CorrectionGold drops to 2830 to return to its trend line.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Xauusd Gold-Bullish Pennant PatternGold is currently forming a bullish pennant pattern, a strong continuation signal indicating potential upward movement. This pattern emerges after a sharp price rally, followed by a brief period of consolidation within converging trendlines, creating a small symmetrical triangle.
Key Characteristics:
✅ Strong Uptrend: The pennant forms after a significant bullish impulse, showing continued buyer dominance.
✅ Tight Consolidation: Price is trading within a narrowing range, indicating a temporary pause before the next move.
✅ Breakout Potential: A breakout above the resistance trendline with strong volume could trigger the next leg up.
What to Watch For:
🔸 A decisive break above the pennant’s upper trendline may lead to a continuation of the bullish trend.
🔸 Increasing volume on the breakout adds confirmation for a potential rally.
🔸 Key resistance levels above could act as profit targets.
If Gold successfully breaks out, we may see a surge toward new highs, offering a great opportunity for bullish traders. Keep an eye on confirmation signals before entering long positions!
DeGRAM | GOLD money flows into goldGOLD is in an ascending channel between the trend lines.
The chart has reached the important psychological level of $2900.
Indicators point to overbought.
We expect XAUUSD to start a correction soon, but there is a margin left before reaching the upper boundary of the channel.
-------------------
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GOLD (XAUUSD): Important Supports & Resistances to Watch
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Rising trend line
Horizontal Structures
Support 1: 2869 - 2886 area
Support 2: 2770 - 2790 area
Resistance 1: 2941 - 2950 area
Resistance 2: 2998 - 3003 area
Consider these structures for pullback/breakout trading.
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SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 30.518 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair.
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GOLD Targets New Highs - Will It Reach 2,919?TVC:GOLD is trading within a well-defined ascending channel, signaling strong bullish momentum. The price has consistently respected the channel boundaries, forming higher highs and higher lows, which aligns with the continuation of the uptrend.
If the price maintains its current trajectory, I anticipate a move toward the 2,919 level, which aligns with the upper boundary of the channel. This setup reflects the potential for further bullish movement as buyers continue to dominate the market.
Traders should monitor for pullbacks, as these areas may offer potential buying opportunities. Look for bullish confirmation signals to validate entries.
Gold, boring? I don’t think so! PipGuard’s Guide PT.2 Gold, boring? I don’t think so! PipGuard’s Guide PT.2 ✨
Hello, friends! 😎
Have you already read Part 1 ? If not, I encourage you to check it out right now! I’d love to hear your thoughts and, most importantly, see if you’ve placed your trust in your friend PipGuard. Come on, trust me now , won’t you? 😜✨
Before we start: an important reflection 🧐
Always evaluate the quality of information ! Don’t settle for pretty charts or superficial analysis. Dig deeper , stay curious , and, most importantly, be consistent . If you find my analyses useful, let me know with a comment or a boost . Every feedback is like gold … just like our protagonist today! 😏
Good morning again, everyone! 🌅
I’ve been a bit less active here on TradingView lately, but I’ve been working hard on my project. I haven’t forgotten about you, I promise! Those who follow me know that PipGuard never stops . 💪🔥
Today, we’re back with the second part of my gold analysis. The first part? Well, it performed perfectly as predicted… but is that really surprising? We are PipGuard! 😜 So, my friends, we are in an uptrend . Surprised? I wouldn’t think so! The price seems to be heading towards $3000 , just to add a little spice to the global economy. Don’t worry, we’ve got this covered! 💎
Note: This analysis is NEUTRAL 🧐
We have 2 possible options . Even though we are in an uptrend , nothing can be ruled out . Let’s follow every detail carefully.
Flashback: When we were at $700...
Many were expecting a drop as soon as we hit $800 . And yet… surprise! Not only did the price not fall, but it kept climbing, reaching a whopping $2900 . So, beware: the most obvious things are often the most costly . Think about it. 🤔✨
Today’s analysis: let’s focus on the latest impulse! 📈
The latest key movement ranges between $2835 and $2942 . Now, let’s break it down and analyze:
- Bullish Fibonacci : Between $2875 and $2860 , where the price might be attracted and reverse upward.
- Bearish liquidity :
1. First zone: $2896 – potential reversal point at the end of the retracement.
2. Second zone: Between $2887 and $2877 .
3. Third zone: Between $2870 and $2865 .
- If the price doesn’t react in these areas, watch out for the next liquidity zone! 😏
And to the upside? 🚀
- First confirmation: A close above $2911 – the first bullish signal.
- Second hurdle: Bearish liquidity between $2918 and $2921 . A close above this level? Bullish confirmation , and the target becomes the all-time high! 🎯
Let’s recap the key levels 🔑 :
- Pivot level: $2910 .
- Above: Bullish .
- Below: Bearish .
🎯 PipGuard’s exclusive targets:
- ** Bullish **: $2960-$2950 .
- ** Bearish **: $2865-$2860 .
If you enjoyed this analysis, leave a boost or a comment ! 📬 Every piece of feedback motivates me to keep delivering my best. See you soon, my friends.
Best regards, PipGuard 🚀💛
I’m already in the trade: entries at $2916/$2913/$2910 short .
GOLD - WEEKLY SUMMARY 3.2-7.2 / FORECAST🏆 GOLD – 13th week of the base cycle (15-20+ weeks), 3rd phase of the cycle. The pivot forecast on February 3 worked as a reversal of Monday’s overnight tariff hysteria. The major trend from the December 18 extreme forecast continues.
⚠️ By Friday’s close, we saw a breakout of the previous top at the October 28 extreme forecast level (2800 on the current futures contract). This level may now become strong support. I believe strong hands didn’t fall for the tariff hysteria and held their long positions from the January 29 extreme forecast. Next extreme forecast: March 3. Next pivot forecast: February 11.
Levels to watch In my earlier post, I mentioned that gold still has potential for upside, with $3000 being a possible target or a sign of FOMO. I’m not planning to sell into strength, but instead, I’ll wait for a close below $2800 before adding shorts, with a stop at the highs and a target closer to $2050.
GOLD skyrocketed then corrected down, main trend structureOANDA:XAUUSD Spot trading fluctuated strongly, sometimes soaring to a record high, but then plummeting nearly 40 dollars to the highest level. However, gold prices still increased during the day.
On Monday local time, US President Trump signed an executive order announcing a 25% tariff on all steel and aluminum imports into the United States. Trump said there will be "no exceptions or exemptions" to these requirements. Trump also said he is considering imposing tariffs on cars, french fries and medicine, and will hold meetings on cars, medicine and french fries over the next four weeks.
During the Asian trading session on Tuesday, gold prices soared to 2,942.72 Dollar/ounce, setting a new record high. But then the price of gold suddenly dropped sharply, to the lowest level of 2,905.10 Dollar/ounce.
Gold prices then recovered and are currently at about 2,922 Dollar/ounce, up 0.49% on the day.
A stronger dollar, coupled with overbought conditions on the daily chart, has prompted some gold profit-taking. However, Trump-related worries seem to be limiting the downside of gold prices and is still the most potential support at present, which can impact gold's price increase at any time.
Federal Reserve Chairman Powell will attend congressional hearings on Tuesday and Wednesday, and the market is also paying attention to whether Powell's policy stance will affect gold price trends.
Powell will testify before the Senate Banking Committee on February 11. Testify before the House Financial Services Committee the next day. This is the first time he has answered questions from congressional delegates since July last year.
Powell's speech will be closely watched for clues about the Fed's interest rate cut roadmap, which will in turn affect the short-term dynamics of the US Dollar and create new directional momentum for gold prices.
Analysis of technical prospects for OANDA:XAUUSD
Gold has initially achieved the conditions for a new bullish cycle by breaking above the rising price channel, with a price action above the 0.618% Fibonacci extension level that will help it potentially move towards the $2,950 – 2,952 level which is the area of the 0.786% Fibonacci extension.
For the Relative Strength Index RSI, there is still no signal indicating the possibility of a downward correction. The signal for a downward correction is that the RSI bends and falls below the 80 level.
During the day, as long as gold remains in/above the price channel, the main outlook remains technically bullish. Notable levels will be listed again as follows.
Support: 2,909 – 2,900USD
Resistance: 2,927 – 2,950 – 2,952USD
SELL XAUUSD PRICE 2951 - 2949⚡️
↠↠ Stoploss 2955
→Take Profit 1 2944
↨
→Take Profit 2 2939
BUY XAUUSD PRICE 2861 - 2863⚡️
↠↠ Stoploss 2857
→Take Profit 1 2868
↨
→Take Profit 2 2873