Metals
Bullish momentum to extend?The Gold (XAU/USD) is reacting off the pivot and could potentially rise to the 1st resistance which lines up with the 127.2% Fibonacci extension.
Pivot: 2,787.21
1st Support: 2,715.57
1st Resistance: 2,858.98
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GOLD BREAKOUT CONFIRMED|LONG|
✅GOLD went up just as
We predicted in our previous
Analysis and the confirmed
The breakout of the key
Horizontal level of 2788$
While trading in an uptrend
Which reinforces our bullish
Bias and we will be expecting
A further bullish move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Bullish bounce?COPPER is falling towards the support level which is a pullback support that is slightly above the 78.6% Fibonacci projection and could bounce from this level to our take profit.
Entry: 4.1860
Why we like it:
There is a pullback support level which is slightly above the 78.6% Fibonacci projection.
Stop loss: 4.1137
Why we like it:
There is an overlap support level which is slightly above the 71% Fibonacci retracement.
Take profit: 4.2958
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bullish momentum to extend?XAU/USD is falling towards the support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,778.98
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 2,751.17
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 2,813.09
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bullish Momentum Catching Up in SilverThe Price has been on a quite choppy rise. It gives rise to several possible interpretations for the structure, but after several weeks of waiting it seems like it was creating a strong accumulation of orders, setting a base if you may, before taking off strongly to the upside. In the Wave Principle context we might be seeing a series of waves 1 & 2, no finally moving into the latter stages of a minor wave three.
The commodities market tends to display its strongest phase of the cycle in its last leg, leading me to believe that we are about to experience an aggressive rally during the minor wave five of higher degree wave three.
The rally hit a minor pause on Thursday and moved sideways for the rest of the week, however the break up should come swiftly after this coming week starts.
I do need to see the price respect the Friday low at around 31.12 for the view to hold. We might see some slight variations on the theme but a continued move below said level throw a wrench on the setup as a whole.
Happy Trading :)
Platinum towards Key Resistance. Watch Closely for Confirmation OANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area is a great zone to watch for potential rejection.
If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the $1,010 level at least. In this recording I will be explaining in more detail why I think this is a possibility and what to look for.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Inflation vs gold correlation 60's to 80's Pattern.Gold seems to like inflation. Or, is inflation food for gold? These are chars that no one is showing you.
According to this chart, Gold has a seven year bull run ahead of it that should top at some point in 2032.
This a chart of the US Inflation rate on the 2 month (Blue line) right from the horses mouth, Bureau of labour statistics. On the top in gold or yellow is the gold chart. As you can clearly see, in the seventies gold was very heavily correlated with inflation. This is not my opinion this is a fact, and it will be again.
THIS IS A 2 FOR ONE GUYS. INFLATION AND GOLD FORCAST ALL IN ONE!!
Let me know what you think down below.
Kind regards,
WeAreSat0shi
XAUUSD (1H) - Bullish Trend with All-Time HighOANDA:XAUUSD
📶 Technical Analysis:
🟢 Bullish Trend: Since the beginning of the year, Gold has been in a clear bullish trend on the 1-hour chart. The price has been consistently moving between the trendline support and trendline resistance, with multiple breaks and retests of resistance levels.
🟢 Last week, Gold reached a new all-time high of $2,817, marking the peak of the current rally.
🟡 Currently, Gold could face a potential correction towards the trendline support and the 200 MA, which is near the $2,770 level. This zone could act as a key support area where the price might bounce and resume its bullish trend.
🟠 If the trendline support is broken, we may see a limited bearish move, but the overall outlook remains bullish for now, as fundamental factors and economic uncertainty continue to support Gold.
🟢 As long as the trendline support holds, the bullish trend remains intact. The key support to watch is around $2,770, with resistance at the previous all-time high near $2,817.
🆕 Fundamental Analysis:
🟢 President Trump has threatened to impose 100% tariffs on BRICS nations and a 25% tax on goods from Canada and Mexico starting February 1, boosting demand for safe-haven assets like Gold, the Japanese Yen, and US bonds.
🟢 US GDP grew 2.3% in Q4 2024, lower than the expected 2.6%, which has sparked expectations that the Fed might not raise rates anytime soon.
🟢 There are growing concerns about a potential global recession, driven by factors like slowing economic growth, rising inflation, and geopolitical tensions. A recession could lead to weaker consumer demand, business cutbacks, and tighter financial conditions. This could result in a downturn for certain markets and an increased demand for safe-haven assets like Gold.
🔤 Conclusion:
🟢 Bullish Outlook for Gold: I remain bullish on Gold and am watching for a correction on the 1H chart, potentially around key support levels.
🟢 Support Levels: Look for bullish signals near these support levels, especially around the $2,770 zone, where the trendline and 200 MA could act as strong support.
🟠 Trend Breakout: A breakout of the trendline could signal a limited bearish movement, but as of now, the overall outlook remains bullish.
🟡 Economic Monitoring: Pay close attention to economic factors like GDP growth, inflation, and unemployment data, as these are crucial for defining future expectations and potential market shifts.
XAUUSD 2/2/25XAUUSD remains clearly bullish this week. We can see this through price action and, of course, the Orion bias, which is also bullish. We've maintained a bullish bias since the last weekly low was created, and we’ve successfully followed this entire upward move over the past couple of weeks.
If you followed along, congratulations on a strong long-term trade! However, we are now focusing on intraday and day trading opportunities. Please note that we currently have no target, as price is sitting around the all-time high. We expect price action to continue reaching new highs, but exercise caution, as we are in an exploration phase, meaning price is moving into uncharted territory. Look for rebalancing, which presents opportunities to buy back into the next expansive move.
We have the V2 Entry Level Indicator running, and the dotted lines represent our high-volume lows—key areas of interest for identifying expansive moves into new highs. Right now, we have two priority lower areas, which we will monitor for potential re-accumulation of long positions. However, since we are in an exploration phase, price may continue moving higher without retracing to these levels.
Watch for one of two scenarios:
A pullback into the lower areas, followed by an expansive move upward.
Continuous expansive moves, with new lows developing along the way.
Regardless of how price unfolds, our bias remains the same unless the bias changes with the daily—we anticipate further expansion to the upside.
Trade within your risk parameters, follow your rules, and always let Orion guide you.
Weekly and Monday analysis for Nasdaq, Oil, and GoldNASDAQ
NASDAQ filled the gap and closed lower after facing resistance. As mentioned last Friday, the 21,911 level was a likely resistance zone due to the nature of the gap. This resistance played a significant role, and coincidentally, concerns over tariffs imposed by former President Trump on Mexico and Canada intensified, leading to a decline into the afternoon session.
Since the monthly candle has closed, let's first analyze the monthly chart. Last month, I mentioned that a decline to the 5-day moving average (20,880) was possible before a rebound, and indeed, the index rebounded from 20,700. Given that the price sequentially bounced from the 3-day and 5-day moving averages after breaking out of the monthly range, this month presents a challenging situation for determining direction. While further upside is possible, the monthly MACD may attempt to reduce its gap with the signal line, making a strong rally less likely. If a sharp rally occurs, the upper Bollinger Band at 22,736 should be considered as resistance. On the downside, the monthly 5-day moving average at 21,084 may be tested this month. Since the market could move in either direction, chasing momentum on the monthly chart should be approached with caution.
On the weekly chart, a sell signal remains active, with the MACD failing to cross above the signal line, suggesting that further downside remains likely.
On the daily chart, while the MACD has not yet crossed below the signal line, today's bearish candle close may trigger a sell signal, opening the possibility of a move toward the lower Bollinger Band and the 120-day moving average. If the MACD does not break down and instead turns higher while the price rises, it will be crucial to see if the 21,911 gap is decisively broken and closed with a bullish candle.
On the 240-minute chart, a buy signal is still in place, and the index remains in a large range. Buying on dips remains favorable, but if a sell signal appears, the current moving average setup suggests a high probability of sharp declines.
This week, Google's earnings report on Tuesday and the Non-Farm Payrolls (NFP) report on Friday are key events to watch. Additionally, with the potential impact of Trump’s tariff policies increasing market volatility, traders should manage leverage carefully and remain cautious.
Crude Oil
Oil closed near breakeven but surged in after-hours trading following reports that Canadian energy imports may face new tariffs.
On the monthly chart, oil remains within a range, but the MACD is persistently attempting to cross above the signal line. Last month’s breakout from a four-month consolidation range suggests that buying on dips at the 3-day moving average may be a favorable strategy.
On the weekly chart, the buy signal remains intact. Despite some pullback, the large gap between the MACD and the signal line suggests that a sharp breakdown is unlikely.
On the daily chart, as previously mentioned, the $72 level remains a strong buy zone. The MACD is in a steep downtrend, but given the presence of prior demand zones and the 240-day moving average acting as support, a technical rebound could be strong after two weeks of declines.
On the 240-minute chart, the MACD has bounced off the signal line, forming a bullish divergence, making long positions more favorable. Given the characteristics of the 240-day moving average, a rebound toward $74.50 is technically reasonable.
Overall, buying on dips remains a preferred approach, but market volatility is increasing due to geopolitical uncertainties, so trade cautiously.
Gold
Gold pulled back as profit-taking emerged after a sharp rally, closing lower after finding support at the 3-day moving average.
On the monthly chart, gold formed a strong bullish breakout candle, making dips toward the 3-day moving average (2,770) a favorable buying opportunity this month. A pullback to this level should be expected.
On the weekly chart, a buy signal appeared last week, but the MACD’s lower value compared to the previous peak suggests a potential bearish divergence. This means that despite breaking above prior highs, if the MACD fails to confirm with strong upward momentum, the rally may weaken. Caution is advised when chasing momentum.
On the daily chart, today is a key day for buy setups near the 5-day moving average, making a pullback likely. However, the broader trend remains bullish, so rather than shorting, traders should look for opportunities to buy on pullbacks at key support levels.
On the 240-minute chart, gold is facing resistance and declining. The MACD is at a high level, meaning even if a bearish crossover occurs, attempts to move higher may persist. Buying near support remains the preferred approach.
With Trump’s increasing policy activity and China’s Deepseek issues, market volatility is expected to rise. Always prioritize risk management and trade safely. Wishing you a successful trading month!
■Trading Strategies for Today
NASDAQ - Bullish Market
-Buy : 21,530 / 21,460 / 21,420 / 21,370 / 21,290
-Sell : 21,590 / 21,690 / 21,775 / 21,850 / 21,930
Crude Oil - Range Market
-Buy : 73.50 / 72.90 / 72.40 / 72.00
-Sell : 74.50 / 75.00 / 76.00 / 76.40
Gold - Bullish Market
-Buy : 2,825 / 2,820 / 2,812 / 2,807 / 2,804
-Sell : 2,841 / 2,846 / 2,852 / 2,856 / 2,860
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!
LITECOIN BITCOIN (BEST-CASE)Like Bitcoin, CRYPTOCAP:LTC is first and foremost a digital currency that can be exchanged peer-to-peer, untrusted and securely, very quickly and at minimal cost.
The modifications made to the Bitcoin blockchain to give rise to Litecoin’s blockchain required only minor efforts in terms of IT development, as most of the innovation came from Bitcoin.
Nevertheless, Litecoin’s strength lies in the fact that these changes are few but significant:
A ”proof of work” that uses the Scrypt hash function rather than SHA-256 for Bitcoin
Block creation four times faster, with an average interval of 2.5 minutes instead of 10 minutes
Total number of units four times greater, with 84 million instead of 21 million
Mining difficulty changes every two and a half days instead of every two weeks
On the other hand, as with Bitcoin, the issuance of new litecoins is halved every 4 years (halving): since August 2019, miners have received 12.5 litecoins as a reward for each block validated.
Copper Set to Rally: Bullish Setup with Massive Upside PotentialCopper is holding firmly at a key support level and poised for a potential breakout. The combination of bullish macroeconomic factors and tightening supply suggests significant upside potential.
China’s Growth Push:
Chinese leaders are targeting 5% annual growth in 2025, with plans to boost domestic consumption and infrastructure spending, key drivers of copper demand.
Robust Demand Drivers:
Industries like EVs, power grids, and air conditioning continue to drive structural demand for copper, aligning with the global shift toward electrification and renewable energy.
Supply Challenges:
Multi-month low inventories in Shanghai warehouses signal tight supply conditions.
Peru’s flat output and Chinese smelter profitability issues add further pressure to global supply.
With these factors converging, copper prices are primed for a bullish move from current levels.
Trade Setup
TP1: $4.3498
TP2: $4.6347
TP3: $5.000
Stop Loss: $3.8622
This trade setup offers an excellent risk-to-reward ratio, with tightening supply and robust demand creating a solid foundation for bullish momentum.
Gold Bullish Run: Targeting $2,900 - Time to Ride the Wave! 📈 Gold Analysis: Bullish Setup
🟢 Current Price: 2,607
🎯 Take Profit 1: 2,635
🎯 Take Profit 2: 2,680
🎯 Take Profit 3: 2,790
🎯 Take Profit 4: 2,900
🔹 Stop Loss: 2,524
📈 Why This Trade?:
Gold continues to trade within a bullish channel, having broken above 2,144 back in March. With higher highs and higher lows consistently forming, the trend remains strong.
The stop loss is positioned below both the 50MA and recent lows at 2,524, allowing for market fluctuations while keeping risk under control.
⚠️ Risk Management Reminder:
Although the bullish trend remains intact, trends can change quickly. Always apply proper risk management and ensure you’re not over-leveraging. A drop below 2,524 would signal a potential shift in the market, invalidating this setup.
Stay tuned for updates! 🚀
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2807 and a gap below at 2794. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
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
2807
EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET
2819
EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET
2832
EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET
2845
BEARISH TARGETS
2794
EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET
2778
EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET
2764
EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE
2753 - 2739
EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE
SWING RANGE
2722 - 2707
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 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 and price play between two weighted levels with a gap above at 2800 and a gap below at 2772. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
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
2800
EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET
2826
EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET
2852
BEARISH TARGETS
2772
EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE
2744 - 2712
EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE
SWING RANGE
2685 - 2655
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 DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range and how we have been hitting targets after targets.
Previously we stated that we have a candle body close above 2686 opening 2760 and we now also had ema5 lock to further confirm this gap, which was hit perfectly completing this target and allowing plenty of time after the confirmation to get in for the action.
We then had a candle body close above 2760 with a gap above at 2797, which was hit last week completing this target.
2797 has left no further candle body close and therefore we may see some rejection here. We will now look for a body close above this level to confirm a continuation or we will see lower Goldturns tested for support to establish long term range. We have now also updated the retracement and swing range on this chart.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range.
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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our monthly chart idea for our long term/range analysis.
Previous month in December we stated that the month started with a detachment to ema5 below for a correction, which was highlighted with a small mini circle on the chart for visual purpose.
- This detachment to ema5 was completed perfectly.
We also stated last month in December that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce.
- This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702.
We then stated that we had two days for month end and will need a body close above 2702 for confirmation for a further continuation or a body close below 2589 to confirm the channel top test below. We also stated that if price closes this month in this range without the body closes, then we are likely to see play between this range for another month with not much detachment on the next monthly candle to ema5, which means the likely dynamic support should be provided by ema5 from the beginning of the month.
- This played out perfectly in January as the the ema5 provided the dynamic support right from the start, which followed with a nice push up. We now also have a candle body close above 2702 leaving a gap to 2825 Axis our long term target that we have been tracking over the months.
We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend.
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
BRIEFING Week #5 : Still Patient...Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil