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Parallel Channel

GOLD → False or true resistance breakout?FX:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel and symmetrical triangle. The struggle that has not ended creates risks for both buyers and sellers. Economic problems in China and Trump's policy risk continue to support gold. Inflation expectations are rising amid rising oil prices and the outlook for trade policy in the US. Friday's NFP report showed strong employment growth, making it less likely that the Fed will significantly cut interest rates in 2025 Traders' attention is also focused on CPI data to be released on Wednesday and its impact on future Fed policy. Resistance levels: 2690, 2700 Support levels: 2685, 2678, 2665 At the moment, the price is in consolidation above previously broken resistance. If there is no bullish momentum and the price makes a false break of the channel resistance, in that case gold may go down to 2678 - 2665. BUT, a break of the local downside resistance could trigger buying and upside to targets: 2700 Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
Gold Price Analysis: Key Insights for Next Week Trading DecisionGold prices extended their rally last week, shrugging off a strong U.S. Nonfarm Payrolls (NFP) report that added 256,000 jobs in December, far exceeding expectations. The unemployment rate dipped to 4.1%, highlighting the resilience of the U.S. labour market. Despite this, inflationary concerns persist, with consumers expecting higher prices in the coming year, as revealed by the University of Michigan sentiment survey. Meanwhile, the Federal Reserve remains cautious, with mixed signals from officials on interest rate adjustments. This video analyzes Gold’s bullish momentum amid these macroeconomic factors and explores key zones for trading opportunities in the week ahead. 👉 What to expect: 📈 Price action insights for Gold (XAUUSD) 🔎 Key levels for swing trading setups 📊 Impact of economic fundamentals on market trends 📌 Don’t miss out—watch now #XAUUSD #GoldMarket #FedRates #TrumpTariffs #TradingStrategy Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by darcsherry
8
GOLD → Paranormal growth on the back of strong NFP...FX:XAUUSD is rising with the dollar and strong NFP data. Those who shouted that the metal is ceasing to play the safe haven function are very much mistaken :) The surprise of rising NFP data and rising gold, which is not specific in this context, surprised the market quite a lot. After all, rising data points to a more hawkish stance of the Fed and generally medium-term policy in the US. But based on the environment, we can say that gold is rising because of the risks of the policy of Trump, whose inauguration will be held on January 20. Now all eyes are on the US Inflation data. The upcoming week, will be quite interesting. Technically: GOLD is breaking the consolidation resistance (symmetrical triangle) and is trying to consolidate above this boundary. Most likely, the struggle will continue and the price may test the previously broken figure boundary or liquidity zone 2675 - 2664, which will determine the further development of events. Resistance levels: 2698, 2721, 2750 Support levels: 2675, 2665 The situation is quite unstable, as there are too many factors putting pressure on the prices. Accordingly: if after the retest the bulls are able to keep the price above 2680-2690, the growth may continue in the mid-term ( till January 20 approximately ). But! If the bullish structure will be broken and bears will start to keep the price below 2680, it can provoke correction to 2665, 2650. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
12
SUI Daily ChartSUI 1d Still in a valid uptrend since there is still no breakdown of the upwards channel. Price is looking to repeat previous "M" pattern where prz lies in the trendline support which also falls on the 1d/4h OB. If this holds, we can see Sui to print a NATH(new all time high). Whereas a breakdown might send price to crash between $3-$4 levels to raid all liquidities resting below. We can see from previous swing high(green circle), draw a line to mark this level and when this line & the trendline support meets, price rally upwards from this area. Expecting a repeat of the same scenario. Previous swing high(orange circle) draw a line and currently, price is looking to approach the level where line & trendline support meets again, plus there is also a 4h/1d OB in the zone. Base on past movements, this is a high probability setup offering a good Reward with minimal Risk. Invalidation would be a break below $4.
Long
by phyrix
EURO - Price can turn around from support area and start growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price declined inside falling channel, where it reached resistance line and then fell to $1.0455 level. Then price moved up to resistance line, some time traded near, and then made downward impulse. Price exited from channel, breaking $1.0455 level, and started to trades in flat, where it at once rose to resistance area. In flat, price so long traded in resistance area, after which it turned around and corrected to $1.0250 level. Euro backed up to resistance area, but at once bounced and dropped below $1.0250 level, breaking it and exiting from flat. I think that price can turn around in support area and then bounce up to $1.0365, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
HelenP. I Gold will rebound down from resistance zoneHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price rebounded from the trend line and rose to the support level, which coincided with the support zone and broke it. Then price continued to grow and later reached the resistance level, which coincided with the resistance zone and even broke this level and rose a little more. After this, Gold turned around and made impulse down to the support level, breaking the resistance level, after which turned around and started to grow. Later, Gold reached the 2690 level one more time and broke it one more time, but this time it rose a little higher than the past breakout, to 2726 points. After this movement, the price in a short time declined to the support zone, breaking resistance with the support level and also the trend line too, and then started to grow inside the upward channel. In the channel, the price grew to the trend line and recently it even entered to resistance zone, exiting from the channel. But soon, Gold started to decline and for this case, I expect that XAUUSD will enter to resistance zone and then rebound down to the channel, where it falls to 2655 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
1
Bitcoin can exit from pennant and rise to 97300 resistance levelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago started to trade inside the upward channel, where it at once rebounded from the buyer zone and rose a little. After this, it corrected to the support level and then in a short time rose to the resistance level, which coincided with the seller zone, but when it reached this level, BTC at once made a small correction. Next, the price finally broke this level and rose to the channel's resistance line, after which it made a correction and some time traded inside the seller zone. Later, the price made an upward impulse, exiting from the upward channel and when it reached 102K points, BTC turned around and started to decline inside the downward pennant. In this pattern, the price dropped to the support line of the pennant, breaking the 97300 and 93300 levels, after which it started to grow. Recently, Bitcoin reached the resistance line of the pennant pattern, breaking the 93300 level. So, given the current market conditions, I expect that BTC can exit from the pennant and then make a correction to the support level. After this movement, the price can start to move up to the 97300 resistance level. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Nifty looking weak after closing below Mid-channel. Nifty looking very weak after closing below Mid-channel support and 50 weeks EMA Mother line support. Mother line support or the 50 Week EMA was at 23442 and the closing we got is at 23431. If Nifty does not recover quickly and claims the Mid-Channel and 50 Weeks EMA, we might be in for more fall with supports at 23273, 22800 (Major Support Zone). If we get a weekly closing below 22800 we will fall totally into bear territory. In such a scenario bears can drag Nifty further down to 22025, 21294 or even near channel bottom of 20813. 20813 will again be a major Parallel chanel bottom support. Resistances on the upper side will be at 23442, 23938, 24525 and 24948 before we can reclaime 25K levels. Later in the year when we get a closing above 25K levels we may again face the 25782, 26277 previous Nifty peak will be major resistances. Nifty channel top post recovery seems to be at 27255. We may reach there in hopefully by mid or end H2 2025. Value Investors can start looking out for bottom fishing and value buying opportunities specially in the Large and selective mid and small caps. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
NZDUSD Wave Analysis 10 January 2025 - NZDUSD falling inside weekly impulse wave C - Likely to fall to support level 0.5500 NZDUSD currency pair recently reversed down from the lower trendline of the wide weekly down channel from the start of 2023 (which is acting as the resistance after it was broken in December). The downward reversal from this down channel accelerated the active impulse C-wave of the weekly downward ABC correction (2) from the start of last year. Given the strong downtrend on the weekly charts, NZDUSD currency pair can be expected to fall toward the next long-term support level 0.5500 (which stopped the sharp weekly downtrend at the end of 2022).
Short
by FxProGlobal
GBPUSD Wave Analysis 10 January 2025 - GBPUSD broke key support level 1.2300 - Likely to fall to support level 1.2100 GBPUSD currency pair recently broke the key support level 1.2300 (former multi-month low from April of 2024, as can be seen below from the daily GBPUSD chart below). The breakout of the support level 1.2300 accelerated the active medium-term impulse wave (3). Given the medium-term downtrend on the daily charts, GBPUSD currency pair can be expected to fall toward the next support level 1.2100 (former major support from the end of 2023).
Short
by FxProGlobal
GOLD → The market is nervous ahead of NFP. What's next?$FXCM:XAUUSD continues its strong upward movement, but along with the growth there are growing risks of a strong fall. NFP is ahead, and the situation is quite tense.... Fundamentally the situation is confusing, the main nuance is Trump's policy and the hawkish stance of the Fed, which creates pressure on the market, but gold, as we see, is rising due to the growing economic and geopolitical risks associated with Trump's policy, the crisis in the Middle East, Eastern Europe and economic problems in China. NFP is ahead, which creates additional risks: either an aggressive rise or a breakdown of strong support and the formation of a strong downward momentum. A weaker NFP may bring back expectations of an aggressive Fed rate cut, causing a broad correction in the US dollar, which could favor gold. Conversely, an upside surprise in NFP and wage inflation data could reinforce hawkish Fed rate hikes. Resistance levels: 2678, channel, 2693 Support levels: 2675, 2671, 2665 Technically, a strong bullish structure is forming. A break of resistance and favorable news could strengthen the rise to 2700. But, there is an additional scenario: Break of support of the rising structure or 2665 - 2671 may provoke capitulation and fall to 2655 - 2640. Regards R. Linda!
FX:XAUUSDLong
by RLinda
26
AUDUSD → Trigger breakdown will trigger a fallFX:AUDUSD is approaching the trigger that can provoke a strong fall. Against the backdrop of a strong and rising dollar, the Aussie doesn't stand a chance yet. The price is testing the level from the weekly timeframe, the breakdown of which will open the way to the abyss. There is no support until 0.54-0.55. Based on Trump's policy, the Fed's stance and the potential of the Australian dollar we can say that the odds are generally quite high that the price will continue its decline in the medium term expectation. Technically, on 4H the price is approaching the level of 0.6179. A pre-breakdown consolidation is forming in relation to the level. I do not exclude an attempt to retest the local resistance before further breakout, but the general technical and fundamental situation hints at a decline. Resistance levels: 0.6199, 0.622, 0.6274 Support levels: 0.6179 Downward channel, retest of support after false breakdown of resistance (deceptive maneuver before a strong fall). Emphasis on the trigger at 0.6179. Breakdown and price consolidation below the level will trigger a fall Regards R. Linda!
Short
by RLinda
8
HelenP. I Gold will correct and then continue rise in channelHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded from support 1 and then dropped to the trend line, thereby breaking support 2, which coincided with the support zone. After this, the price started to grow inside the upward channel, where it soon broke support 2 one more time but later made a correction back to the trend line. Some time later Gold finally broke support 2 and then made a retest, after which some time traded near this level and even made a fake breakout of it with a trend line. After this, the price backed up to the channel and continued to grow and later reached support 1, which coincided with the resistance zone and broke this level. Gold rose to the resistance line of the channel and then made a correction movement to the trend line (support line of the channel) and then quickly backed up to the resistance zone. At the moment, the price continues to trades in this area and I think that XAUUSD will make a correction below the support level and then continue to grow inside the upward channel. For this case, I set my goal at 2670 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
5