Metals
Gold Trend Analysis and StrategiesFrom the daily chart, gold prices regained their upward trend after struggling to stand firm at $2,800. Any pullback at the beginning of the week is seen as an opportunity to buy on dips. It has killed shorts all the way up. Combined with fundamental news, it continues to refresh the historical high to around 2,880, further extending the space, but there is a sell-off above 2,880. Combined with the overbought divergence of bulls, it continues to fall. After breaking the 4-hour cycle middle track of 2,845, the gold rising pattern has initially changed!
At present, it is necessary to test the pressure conversion support of the previous high point near 2,830. Before breaking, the gold bull sentiment always occupies the market. At present, gold has not yet reached the bottom of the retracement. The 5-day moving average of 2830 cannot hold up. There will be another retracement next week. The closing line is above 2850, so it depends on the impact after the release of non-agricultural data.
After the risk aversion of gold eased yesterday, gold bottomed out, but the risk aversion sentiment was not fully released. Gold bottomed out and rebounded to stabilize again. The gold shorts made a false move, and the gold shorts did not continue. The gold longs reversed in a deep V, and the gold deep V basically had no major correction, which means that the gold longs are relatively strong and are likely to accelerate the rise.
Although gold fluctuated downward last night, it has now begun to bottom out and rebound. The gold longs reversed in a deep V. Gold fell back or continued to go long. After gold bottomed out, it began to maintain around 2850, and then continued to rise after a rest. So gold continued to go long after stepping back to 2850 in the Asian session.
Key points:
First support: 2850, second support: 2842, third support: 2831
First resistance: 2873, second resistance: 2882, third resistance: 2900
Operation ideas:
BUY: 2847-2850, SL: 2839, TP: 2870-2880;
SELL: 2880-2882, SL: 2891, TP: 2860-2850;
HelenP. I Gold can correct to the trend line, after rising moveHi folks today I'm prepared for you Gold analytics. A few days ago we can see how the price showed strong upward movement, but before this, Gold traded near support 2, which coincided with the support zone. Then it rebounded and rose to 2727 points and then made a correction even below support 2, but then it turned around and started to trades inside the wedge. Price fell to the trend line and at once rebounded up, breaking the 2nd support level, and continued to move up neat this line. So long it rose near this line, but on the fourth touch, Gold rebounded and reached 1st support level, which coincided with one more support zone. Then it made a correction to almost the trend line and then in a short time rose back to 1st support, broke it, and later exited from the wedge as well. Next, it made a retest and rebounded up to 2880 points. Now I expect that XAUUSD will make a correction movement to the trend line, which is located inside the support zone. That's why I set my goal at 2800 points, which coincides with them. If you like my analytics you may support me with your like/comment ❤️
Gold can reach resistance line again and then start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see that the price started to drop from the resistance line and quickly declined to the 2625 support level, aligning with the buyer zone before briefly dipping below it. After that, the price reversed and began to climb within an upward channel, eventually reaching 2625 again and breaking through both this level and the resistance line. However, Gold soon pulled back and consolidated within the buyer zone for a while. It then slightly corrected below this area before resuming its upward movement, ultimately breaking through the 2625 level. After a retest of the support level, Gold trended higher along the channel’s support line for an extended period before bouncing up to 2785, which aligned with a support area, followed by a minor pullback. Gold then dropped to the channel’s support line before making a strong impulse move toward the resistance line, breaking the 2785 level and successfully retesting it. Recently, the price has undergone a correction but continues to push higher. Based on this structure, I anticipate that Gold will rise toward the resistance line once again before reversing and heading down toward the channel’s support line. Given this scenario, my target is set at 2815, which aligns with the channel’s support. Please share this idea with your friends and click Boost 🚀
GOLD - Price can break support level and continue to fall nextHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price rose to resistance line, after which turned around and started to decline to support level.
In a short time, it fell below $2615 level and then started to trades between this level, after which started to grow in channel.
Soon, price broke $2615 level and continued to move up near support line of channel and later rose to $2725 level.
Then Gold broke this level, made retest, and rose to resistance line, but then it made a correction movement.
Next, price continued to move up and later rose back to resistance line of channel and then reached $2835 level.
Recently it exited from a channel, therefore I think that Gold can break support level and continue to fall to $2770
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SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the SILVER pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 30.919.
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GC - Golden Rocketship To The U-MLHWe got on the Rocket-Ship earlier and took profit.
If you're still in with a position, or if you can manage to get in with a decent Risk/Reward, you may want to aim for the U-MLH.
The Stars look good and profits are twinkling §8-)
If the 1/4 line is cracked, we will see a follow-through.
How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern.
Indeed, it is a valid and dependable chart pattern.
Let’s explore this often-recognized chart pattern in more detail.
The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns.
When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust.
Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
Silver H4 | Potential bullish breakoutSilver (XAG/USD) is rising towards a potential breakout level and could climb higher from here.
Buy entry is at 32.36 which is a potential breakout level.
Stop loss is at 31.60 which is a level that lies underneath an overlap support and the ascending trendline.
Take profit is identified between 32.90 and 33.03 which is a resistance zone that is bounded by the 61.8% Fibonacci projection and the 161.8% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAUUSD:7/2 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2900, support below 2772
Four-hour resistance 2900, support below 2855
Gold operation suggestions: Yesterday (2.6), gold was under pressure at the 2870 mark and was suppressed and fell back to fluctuate downward. The US market accelerated downward to break through the 2850 mark and reached near 2834, stabilized and rebounded, and returned to the 2850 mark and closed in a volatile manner. The daily K-line chart was blocked and fell back. The overall price continued to be suppressed below the 2870 mark yesterday after being under pressure at the 2880 mark the previous day. It ushered in a volatile adjustment.
From the 4-hour analysis, pay attention to the support of 2855 below, the support near 2772 at the daily level, and the short-term resistance above pays attention to the 2872 line. In my opinion, today's NFP data will fall first and then rise. Shorting first looks at the 2800 mark and then buys with a light position with a stop loss, and then looks at the 2772 mark to buy and continue to be bullish. Overall, rely on this range to maintain high selling and low buying.
BUY:2772near SL:2768
BUY:2800near SL:2795
Technical analysis only provides trading direction!
GOLD → Testing Key Resistance with Potential to Reach 2726-2790OANDA:XAUUSD currently testing an important resistance level from which we can expect the price to continue rising to key levels such as 2726-2790. Technically, gold has entered the buying zone and the fundamental context supports it.
Gold is supported by weak US inflation data, moderate Fed expectations, hopes for Chinese stimulus measures, and fading concerns about President-elect Trump's disruptive trade tariffs which have supported the risk-on sentiment prevailing in markets, causing the US dollar to decline sharply.
Focus shifts to other economic data releases from the US, including December Retail Sales and Weekly Unemployment Claims, which will provide more clarity on the Fed's interest rate trajectory after January. Markets have fully priced in a rate pause at the Fed's policy meeting later this month. Gold prices will also remain dependent on any speculation surrounding Trump's tariff plans.
Technically, all eyes are now on the resistance zone at 2697-2700. If gold can consolidate above this area, buyers will quickly enter the medium and long-term playing field. But don't forget about the upcoming news releases.
Best regards, Bentradegold!
Strong correction, quick recovery, pay attention to NFP dataOANDA:XAUUSD Strong correction then quickly recovered and returned to close to $2,878, an important technical level for a new up cycle to open.
In economic data released Thursday, the U.S. Labor Department reported that initial jobless claims rose 11,000 to 219,000 last week, compared with an expected 213,000.
The data has weighed on the US Dollar Index (Dxy) for some time, which hit a two-year high of 110.17 on January 13 but has fallen 2% since then.
In the absence of tariff-related news, the market is focused on today's US nonfarm payrolls report, which will be the next big influence on the US monetary policy outlook.
In the latest news, the Federal Reserve announced on Thursday local time that Federal Reserve Chairman Powell will testify in the US Congress next week. This will be the first time he has answered questions from members of Congress since last July.
Powell will testify before the Senate Banking Committee next Tuesday and testified before the House Financial Services Committee the following day.
Before the end of last year, the Fed cut interest rates by 100 basis points in three meetings. In January, the Fed voted to leave interest rates unchanged between 4.25% and 4.5%. At the press conference following last month's interest rate decision, Powell said the Fed was in no hurry to cut interest rates further.
US President Trump has toned down his criticism of Powell and his colleagues, which may help Powell's appearance go more smoothly. On Sunday, Trump said the Fed "did the right thing" by pausing interest rates.
According to LSEG data, the market now expects the Fed to cut interest rates by 25 basis points in July and a total of 46 basis points in December.
Markets today belong to the US Nonfarm Payrolls (NFP) data, US nonfarm payrolls are expected to fall to 170,000 from 256,000 in January. The unemployment rate is expected to remain unchanged at 4.1%.
The strong labor market is boosting economic growth and prompting the Fed to pause interest rate cuts as it assesses the inflationary impact of Trump's fiscal, trade and immigration policies.
Analysis of technical prospects for OANDA:XAUUSD
Gold decreased and corrected then recovered when it gained support from the upper edge of the price channel, the Fibonacci extension 0.618% and Fibonacci 0.50%. Now that the rapid recovery has brought it back close to the target level of $2,878, the Fibonacci extension position is 0.786% and if the gold price is trading above this key technical level it will have conditions for a new bullish cycle with a target of around $2,900 in the short term, more than $2,918.
The relative strength index (RSI) is operating in the overbought area, but does not show any signs of a possible correction; a correction signal will be identified when the RSI folds below the 80 level.
During the day, the uptrend still dominates the technical chart, so the current pullbacks should only be considered a short-term correction without changing the trend. Along with that, notable locations will be listed as follows.
Support: 2,846 – 2,834 – 2,824USD
Resistance: 2,878 – 2,900 – 2,918USD
SELL XAUUSD PRICE 2878 - 2876⚡️
↠↠ Stoploss 2882
→Take Profit 1 2871
↨
→Take Profit 2 2866
BUY XAUUSD PRICE 2839 - 2841⚡️
↠↠ Stoploss 2835
→Take Profit 1 2846
↨
→Take Profit 2 2851
GOLD → False or true resistance breakout?OANDA:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel. The struggle that has not ended creates risks for both buyers and sellers.
The weakening USD, coupled with the lack of clarity surrounding President Donald Trump's policy plans and ongoing trade wars, continues to provide support for gold.
Inflation expectations are rising amid a period of economic and geopolitical uncertainty, forcing the Federal Reserve (Fed) to maintain high interest rates for an extended period to control increasing price pressures. Since taking office, President Trump has provided little detail on his proposed tariffs, raising questions about the seriousness of these measures and their potential impact.
In the coming days and weeks, the precious metals market will be influenced by constantly shifting news from Washington.
Resistance levels: 2758, 2770
Support levels: 2750, 2745, 2730
Currently, prices are consolidating above previously broken resistance levels. If there is no bullish momentum and the price breaks through a false resistance channel, gold may decline toward 2745 - 2730.
However, a breakout above the local resistance level could trigger buying and push the price to the target: 2770.
Best regards, Bentradegold!
XAUUSD H1 I Potential Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 76.05, which is an overlap resistance
Our take profit will be at 2838.63, an overlap support level.
The stop loss will be at 2883.65, above a swing high resistane and the 127.2% Fivobacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
The Friday Forecast; Best Setups Frr Feb 7This market outlook will cover 15 markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
Non Farm Payroll news tomorrow! This is likely to inject a lot of volatility into the markets.
I recommend to wait until after the news is announced before executing on any trades. You never know where the market will go!
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.
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed slightly higher with low volatility. As mentioned yesterday, the daily chart shows that the index is holding support at the 3-day moving average, while the MACD remains in an upward buy trend. However, resistance is evident along the upper trendline connecting previous highs.
Today, a pullback toward the 5-day moving average should be considered, and the Non-Farm Payroll (NFP) report will be a key catalyst in determining whether the uptrend continues.
On the 240-minute chart, both the MACD and Signal line remain above the zero line, suggesting a consolidation phase that could gradually lift moving averages before another bullish wave emerges. Overall, a buy-on-dip approach remains favorable, particularly if a pre-market pullback toward the 5-day MA occurs. However, given the potential for increased volatility from today's data release, risk management is crucial.
Crude Oil
Crude oil closed lower after facing resistance at the 3-day moving average. However, downside support remains strong, making further declines difficult, which favors buy-side positioning. Since oil has now tested the 3-day MA, today’s strategy should focus on selling near the 5-day MA if a rally occurs.
Both long and short positions should factor in weekly closing dynamics, as weekend geopolitical risks may lead to gap openings on Monday.
On the 240-minute chart, oil remains in a downward trend, but signs of base formation are emerging. The MACD is nearing a potential golden cross, so traders should watch closely for a momentum shift.
Additionally, geopolitical risks are increasing, with Trump tightening sanctions on Iran, adding to oil market volatility. Given these conditions, buying dips remains the preferred approach, but risk management is essential.
Gold
Gold closed lower, facing a sharp pullback after reaching the psychological level of 2900. The deep retracement suggests profit-taking at key resistance levels.
Despite this correction, the daily chart still maintains a buy trend, and as long as gold holds above the 10-day moving average on a closing basis, the overall bullish bias remains intact. However, given that the MACD is completing its third bullish wave, a consolidation phase is likely as the MACD and Signal line begin to narrow. For now, buyers should focus on entering at lower levels to optimize risk-reward.
On the 240-minute chart, a sell signal has emerged, leading to the current pullback. However, the MACD and Signal line are significantly below the zero line, meaning that despite the downtrend, buying interest could emerge on any further dips. This structure reduces the appeal of chasing short positions.
Today's Non-Farm Payroll (NFP) report is a major risk event, known for triggering extreme volatility in gold. As one of the most critical economic indicators for gold traders, managing exposure ahead of the release is crucial. Expect range-bound price action before the report, with a potential breakout afterward.
Stay disciplined and manage risk carefully, as today’s NFP release will drive market volatility. Wishing you a successful trading day! 🚀
■Trading Strategies for Today
Nasdaq - Bullish Market
-Buy Levels: 21820 / 21750 / 21710 / 21625 / 21510
-Sell Levels: 21870 / 21930 / 22010 / 22070 / 22135
Crude Oil - Range-bound Market
-Buy Levels: 70.20 / 69.80 / 69.20 / 68.30
-Sell Levels: 71.30 / 71.80 / 72.20 / 72.70
GOLD - Bullish Market
-Buy Levels: 2876 / 2871 / 2862 / 2855
-Sell Levels: 2885 / 2892 / 2896 / 2902
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.
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Why XAU/USD Is a Day Trader’s Dream: Volatility, Liquidity, and XAU/USD is one of the most popular instruments for day traders due to its high liquidity, volatility, and strong correlation with macroeconomic events. Gold is considered a safe-haven asset, meaning its price tends to react sharply to global uncertainties, such as inflation, interest rate changes, central bank policies, and geopolitical tensions. This constant flow of market-moving news creates frequent trading opportunities, making it ideal for short-term strategies. Additionally, the forex market operates 24 hours a day, allowing traders to capitalize on price movements at any time, especially during key trading sessions like London and New York, where volume surges. The high liquidity of XAU/USD ensures tight spreads and smooth trade execution, reducing slippage and enhancing profitability for active traders. Moreover, the availability of leverage allows traders to control larger positions with smaller capital, amplifying potential returns. Technical analysis also plays a crucial role in XAU/USD trading, as gold tends to respect key support and resistance levels, trendlines, and Fibonacci retracements, making it suitable for traders who rely on chart patterns and indicators. With its combination of volatility, liquidity, and responsiveness to economic catalysts, XAU/USD remains a top choice for day traders seeking both momentum and profit potential in the markets. OANDA:XAUUSD
Gold Wave 5 Bull Complete?! (4H UPDATE)We've seen an initial rejection from our resistance zone, with Gold down 470 PIPS so far. We have seen most of today's downside wiped, as Gold has pushed back up again.
We have NFP data tomorrow, so how Gold moves & the weekly candle closes, will indicate if we still have some further upside left next week.
INTRADAY SUPPORT AND RESISTANCE FOR XAUUSDSupport Zone: 2854–2859
Pivot: 2854.00
CURRENT TREND
Long positions over 2854.00, with targets of 2879.00 and 2890.00 in extension.
BREAKOUT
Below 2854.00, expect for further fall with objectives of 2840.00 and 2830.00.
The next resistances are at 2879.00 and 2894.00.
Supports and Resistances
2900.00
2890.00
2879.00
2867.09
2854.00
2840.00
2830.00
Trade closed: target reached
it reached target of 2840
Gold is overbought.GOLD is in an upward channel.
The indicators hint to overbought.
The chart has created a harmonic pattern.
We foresee a correction.
-------------------
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Trade Active
GOLD is in an upward channel between the trendlines.
The price is moving away from dynamic resistance and the channel's upper boundary.
The chart has created a harmonic pattern.
We expect XAUUSD to fall within the channel.