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Pivot Points

XAUUSD - The CPI index will determine the gold path!Gold is located in a 4 -hour timeframe above EMA200 and EMA50 and is on its uptrend channel. If weaken in CPI data and market concerns about inflation, gold buying opportunities. The release of the headline stronger than the expectation of the CPI will result in the uptrend and decrease in gold. But in the secondary wave it will result in gold climbing. Gold prices have reached their highest levels in approximately four weeks, nearing the $2,700 range. Recent changes in stock markets and concerns over U.S. economic policies have driven increased demand for gold. Several key factors have contributed to the recent price surges. First, rising global tensions, particularly involving major powers such as the U.S., Russia, and China, have destabilized financial markets, prompting investors to turn to gold as a safe-haven asset to shield against potential crises. Second, persistent concerns about inflation in major economies have made gold an attractive option for preserving purchasing power. Additionally, central banks have significantly increased their gold reserves, boosting demand. Finally, expectations of interest rate cuts or potential easing by central banks, including the Federal Reserve, have further enhanced gold’s appeal. Gold prices have previously experienced sharp declines. Between 2011 and 2015, gold lost nearly 45% of its value, falling from its peak of $1,920 per ounce to $1,050 per ounce, driven by a strong dollar, rising interest rates, and an improving economy. Beyond this historical context, other scenarios could also lead to a 30% decline in gold prices. For instance, if the Federal Reserve adopts unexpectedly aggressive monetary policies and raises interest rates faster than anticipated, the strengthening dollar would exert downward pressure on gold prices. A sudden increase in gold supply could also push prices lower, whether due to the discovery of new reserves or the sale of gold holdings by central banks or large institutions. Moreover, robust improvements in global economies alongside geopolitical stability could dampen demand for gold. Finally, growing investor interest in alternative assets, such as cryptocurrencies or other commodities, could diminish gold’s perceived value. Paul Williams, CEO of Solomon Global, has forecasted that the factors driving 39 record-breaking gold price highs last year remain intact and could support further price growth in 2025. In his report, Williams stated: “The year 2024 reinforced gold’s role as a timeless and safe asset. In a world filled with geopolitical conflicts and economic uncertainties, gold has provided stability and security for investors. The record highs achieved in 2024 reflect not only market conditions but also a broader sense of caution and risk mitigation among investors. This trend appears poised to continue into 2025.” Meanwhile, The Wall Street Journal has released predictions from 17 economists on U.S. inflation data set to be announced on Wednesday, January 15, 2025. In 2024, the Federal Reserve made limited progress in curbing inflation, with most inflation indicators only slightly declining from the start of the year. Although policymakers had hoped inflation would approach the 2% target, persistent inflationary pressures have kept it near 3%. However, November’s Consumer Price Index (CPI) report offered a glimmer of hope. Prices in sectors such as housing and services, which have been major drivers of persistent inflation, have begun to ease. This may lead to an unexpected decline in Wednesday’s CPI data, although more significant decreases are likely in early 2025. Analysts predict a monthly CPI increase of 0.3%, which is lower than the 0.4% forecast from the Federal Reserve Cleveland’s Inflation Nowcast model. According to these projections, annual CPI is expected to rise from 2.7% to 2.9% in November. Given that markets currently price in only two 25-basis-point rate cuts for all of 2025, a strong CPI report may not elicit a major market reaction. However, if CPI data comes in weaker than expected, the U.S. dollar could face selling pressure.
FOREXCOM:XAUUSDShort
by Ali_PSND
ADAUSD What does SeekingPips think? ADA Key PRICE what about TIMAs you know my now SeekingPips often consider TIME more important than PRICE when analysing any TIME and PRICE chart. 🟢 There is no difference here with ADA. ADAUSD is not really something that has really been on our radar but NOW THINGS MIGHT CHANGE. ⭐️TIME & PRICE have met in a crucial space and SeekingPips likes what he sees.⭐️ 🟢 The next 9 hours are very important for the longer term PRICE on this. 🟢 Our key level is shared on this chart. Currently favour the long side but we have no valid trigger to get involved. 🟢 SeekingPips will be watching this one closely this morning. ✅️ Have a GREAT DAY & Like Always Manage Your Risk and the PROFITS will take care of themselves. ⭐️ PLEASE LIKE AND FOLLOW SEEKINGPIPS NOW FOR OUR LATEST ANALYSIS⭐️
CRYPTO:ADAUSDLong
by seekingpips
Is Tesla TSLA ready to resume HIGHER? TSLA Buy Opportunity?🟢Tesla has been real good to us in our long term portfolio. 🟢Yes we took some profit in 2024 Q4 last year but hey we trade and invest for a living so we have to pay ourself sometimes. ✅️ Our higher time frame next major level remails at $722. Is TESLA creating a nice base for a new rally time will tell but current TIME and PRICE structure looks good. The low at 373 remains a key price level if this base is to materialise. WHILST 373 STAYS UNTOUCHED WE REMAIN ALERT FOR OUR BUY TRIGGER. ⭐️REMEMBER NO TRIGGER NO TRADE⭐️ 🟢 FOLLOW SeekingPips NOW TO STAY IN THE LOOK ON OUR LATEST IDEAS💡
NASDAQ:TSLALong
by seekingpips
Canadian Dollar Rises Amid Tariff Concerns and Oil GainsHello, FX:USDCAD : The Canadian dollar slightly rose against the U.S. dollar, with bond yields reaching multi-month highs, partly recovering from recent declines due to U.S. trade tariff threats. The loonie traded at 1.4405 to the U.S. dollar, recovering from a near 5-year low in December. Concerns about potential U.S. tariffs and their impact on the Bank of Canada have influenced the market. Despite strong job data in December, investor confidence in further BoC rate cuts has waned. Speculators have increased bearish bets on the Canadian dollar. Meanwhile, the U.S. dollar gained against major currencies as expectations for Federal Reserve rate cuts diminished. Oil prices rose 2.9% to $78.82 per barrel due to anticipated U.S. sanctions on Russian oil. The Canadian 10-year yield increased to 3.507%, marking its highest level since July 9. For this pair a bearish reversal is still anticipated in the near future! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Short
by TradeWithTheTrend3344
EUR/USD Bearish Setup Short Opportunity at Key Resistance ZoneThis chart suggests a potential short setup for EUR/USD The price has been in a downward trend, making lower highs and lower lows. The current price action indicates a potential retracement towards the marked resistance zone near 1.02820 - 1.03117, which aligns with a possible supply zone. This zone could act as a strong resistance due to previous selling pressure. The price is likely to reject this resistance and resume the downward movement, following the overall bearish trend. A breakdown from the resistance zone could lead to a short opportunity targeting 1.01764 as the first support level. If bearish momentum continues, the price might further decline toward lower levels. Key levels to watch Resistance: 1.02820 - 1.03117 (entry zone for shorts if rejection occurs) First Target: 1.01764 (potential take-profit level) Stop Loss: Above 1.03117 (to protect against a breakout) Confirmation of rejection through candlestick patterns or bearish momentum near the resistance zone is crucial before entering the trade.
Short
by wolfchemist
2
NZD/USD: Confidence Boost Signals Potential ReversalHello, OANDA:NZDUSD : Business confidence in New Zealand improved in the fourth quarter, reaching its highest level since Q2 2021, according to a private think tank on Tuesday. The NZIER's quarterly survey showed that a net 16% of firms expect better business conditions, compared to just 1% expressing pessimism in the previous quarter. This suggests we may see further support tests before a potential bullish reversal. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Long
by TradeWithTheTrend3344
Bulls or Bears? Who’s going to be Top Doge!The market remains in a critical state, with key levels in play that will determine the next major move. The price has failed to break the .41 level, confirming the development of a 3-wave move up. This signals that the market may be entering a period of consolidation or correction, rather than continuing its upward trajectory. Currently, the price has broken below key support and is facing rejection at this level. This rejection suggests that bearish momentum could be taking hold, with the potential for an impulse move down in the near future. For bulls, the immediate focus is on reclaiming the .35 level. If the price fails to regain this level, the next potential target could be .28. Traders should remain vigilant as the market tests these crucial levels. Key Levels to Watch .35 Level For bullish traders, reclaiming .35 is critical. If the price breaks back above this level, it would signal potential strength and might open the door for further gains. A failure to reclaim this level, however, could signal the start of a deeper pullback. .28 Level Should the bulls fail to reclaim .35, the .28 level becomes the next major point of interest with a potential of going deeper. This level could act as strong support, but a break below it may lead to further downside potential. Potential for Impulse Down At the moment, the market shows signs of a possible impulse move down, especially if the bulls cannot regain control above .35. If the price continues to reject at key levels, the market may quickly shift toward bearish pressure, with .28 coming into play as the next potential target.
Short
by CryptoKnee
Emerging Swing Trade OpportunityHello, GBPUSD sees more downside as the dollar stays strong as doubts about fed rate cuts grow so the UK struggles to find a way out of the market slump that it is currently in.Early gains of +0.15% were seen as the USD came under pressure late in NY, following a +0.05% close. Trump advisors considering gradual tariff hikes led to USD selling in late NY. A survey shows UK firms reduced headcount late last year in response to a tax hike. Mixed daily momentum studies and expanding 21-day Bollinger bands are noted in charts. The 5, 10, and 21-DMAs are sliding, with weeklies remaining bearish, indicating a strong negative slip. The focus is on testing the 1.2038 low from October 2023, followed by the 1.1805 low in March 2023. Friday's high of 1.2322 and the well-tested 1.2465 21 DMA are the first resistance levels. Bulls need a close above the 1.2465 21-DMA to gain excitement. A swing trade opportunity is emerging, with strong daily and weekly resistance at 1.226201/1.241555 which have to confirm upside along the way and act as supports. Ultimately, we want the monthly initial support at 1.24809 to hold, ensuring a guaranteed upside. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Long
by TradeWithTheTrend3344
Japan's Economic Outlook: Steady Progress Amid UncertaintiesHello, FX:USDJPY will see downside as Japanese economic data remain positive, with recovery ongoing. The BOJ's outlook appears accurate, as the economy continues to progress steadily. Although uncertainties persist, they are unlikely to prevent the BOJ from raising rates in the future. The current account surplus is now Y3.3525 trillion, with a Y2.6911 trillion surplus anticipated. December bank loans increased by 3.1% year-on-year, following rises of 2.9% in November and 2.6% in October. Robust bank loans indicate that Japan Inc is progressing smoothly. There are uncertainties regarding new US Trump administration policies in 2025. Nonetheless, the domestic economy is stable, with trade with the US being the only question. This will be a solid bearish opportunity that will unfold shortly! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Short
by TradeWithTheTrend3344
XAGUSD Poised for Bearish Move Amid Dollar StrengthHello, OANDA:XAGUSD appears poised for a bearish move. The dollar index recently reached a two-year high following the U.S. jobs report, which reinforced the Federal Reserve’s cautious stance on policy easing this year amid concerns about inflation linked to potential import tariffs under Trump. A stronger dollar makes greenback-priced bullion more costly for foreign buyers. With Trump set to take office on January 20, some economists warn that his proposed tariffs could trigger trade wars and inflation. In such conditions, gold and silver, often viewed as hedges against inflation and economic uncertainty, could see increased demand. However, in the near term, XAGUSD is expected to trend lower this week, potentially revisiting its previous three-month low of 28.747. Should this level fail to hold, the one-year pivot point could come into play. Upside movement may become more likely later when Trump officially assumes office. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAGUSDShort
by TradeWithTheTrend3344
XAU/USD: Downside Risks Amid Strong U.S. DataHello, OANDA:XAUUSD is expected to face initial downside pressure, with the first key level to test being the 1-month pivot point (PP) at 2644.402. If the price establishes itself below this level, it may then target the 3-month low at 2536.855, followed by the 6-month low at 2353.13. Each confirmed breach of these levels could signal further downside potential. Key Developments Recap: Strong U.S. jobs data (NFP: 256K vs. 200K forecast) highlighted economic resilience and reduced expectations for Fed rate cuts. Mixed signals from Trump on trade policy have added to market uncertainty. Fed officials have broadly indicated a preference for gradual rate adjustments, maintaining a cautious stance on cuts. The U.S. monetary policy remains robust, with solid job data reducing the likelihood of rate cuts. The current drivers include labor market strength, a hawkish Fed outlook, and rising yields. Upcoming Key Releases: U.S. CPI (Wednesday): A critical indicator for the Fed’s rate path, with consensus expecting 2.4% y/y. A stronger-than-expected CPI reading could reinforce gradual USD strength. In the long term, there is potential for the price to test the 1-year pivot point (PP), depending on how these factors evolve. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSDShort
by TradeWithTheTrend3344
BTC capitulation and holdBTC finally had that downside wick I've been waiting for, and on the exact day I have been planning for. This downside wick and heavy lift and support afterwards should be the final flush out. Many professional traders were just washed out in the whip saw price action we have seen. I would be very surprised if this was not the monthly low here. My upside target is 138k for March 31st, but we will need to retake 105k with conviction. We have 11 weeks, if you dont already have a position the risk and reward has been laid out. If we close below 85k I think the cycle is over. I remain bullish but I have derisked some alts into HIMS stock.
BINANCE:BTCUSDLong
by Apollo_21mil
2