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Parallel Channel

GBPUSD → False breakdown can cause growthGBPUSD is bumping into the support of the local descending channel after a rather strong fall. The fundamental background has changed a bit, which in general gives a chance to the forex market On the weekly chart the price is testing the strong level of 1.211 against which a double bottom is formed on a global scale. But this does not indicate a change in the global trend, no, it is just a hint of a possible rebound, but we need to watch the price reaction to this area. The PPI that was released yesterday slightly disappointed dollar buyers, which supported the forex market and we see a small correction. CPI is ahead, which may also support the market Resistance levels: 1.2217, 1.235, 1.2488 Support levels: 1.213 If the bulls keep the price above the nearest resistance at 1.2217, it will give the price a chance to strengthen to the nearest resistance or to the channel resistance. Regards R. Linda!
Long
by RLinda
7
GOLD → What could trigger a fall?FX:XAUUSD is forming a false breakdown of the key resistance and as a consequence - passes into the phase of realization of the bearish pattern “Wedge”. If the general background persists, the price will be able to update the lows.... On the back of upcoming inflation data (PPI and CPI), traders have reduced expectations of a Fed rate cut to one this year. Forecasts point to a rise in PPI, which could strengthen demand for the dollar and cause a correction in gold prices. However, the weak data has the potential to push gold to $2,705. Additionally, markets are watching Trump's policies and the possible introduction of new US tariffs, which could affect the dynamics of gold. Despite inflation risks, the metal has corrected from a one-month high, remaining a key hedge against inflation. Technically, we have a correction forming after a false breakdown. Quite an important phase in the market. If the bears can keep the price below 2675 - 2681, the decline will continue in the short to medium term. Resistance levels: 2675, 2681, 2690 Support levels: 2667, 2656 At the moment the price is testing 0.5 fibo, on the background of the secondary retest the zone can be broken (I do not exclude a false breakout and consolidation below 0.5 fibo, which will also lead to a fall) and the price will head to the retest of the imbalance zone, which can put pressure on gold. The most likely scenario is a retest of the zone of interest 2675 - 2681 before further decline Regards R. Linda!
FX:XAUUSDShort
by RLinda
31
Goldman Sachs ($GS): Trend Channel in FocusGoldman Sachs has been trending higher since our analysis two months ago, prompting us to reevaluate our stance. We’ve concluded that it makes more sense to remain bullish for now and not anticipate a bearish scenario at this stage. We are particularly encouraged by how consistently NYSE:GS has respected its trend channel, which strengthens our belief that it will continue to hold. However, there is a significant concern: we don’t want to see NYSE:GS losing this trend channel or creating a false breakdown, only to trap bears and continue higher. Goldman Sachs has its earnings call scheduled for the same day as BlackRock and JP Morgan this Wednesday. This adds pressure, and with additional uncertainty from the upcoming political shifts, such as the inauguration of Trump, the potential impact on NYSE:GS , NYSE:BLK , and NYSE:JPM remains unclear. Setting a limit at the 23.6%-38.2% Fibonacci levels feels too risky given the current environment and the uncertainty in the near future. While we favor this updated bullish scenario over the previous one, the bearish scenario isn’t entirely off the table. It could quickly come back into play if NYSE:GS loses key support levels. For now, NYSE:GS needs to touch the $536–$489 zone and reclaim the trend channel promptly to validate our bullish scenario. If it fails to do so, we’ll need to approach with extreme caution, and as a result, we are not rushing into a trade at the moment.
NYSE:GS
by freeguy_by_wmc
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