Signals
Gold price update: Sharp decline from all-time high!Dear friends!
Global gold prices have fallen to their lowest level in over a week, driven by the strengthening U.S. dollar. Investors are closely watching key inflation data, which could provide important clues about the Federal Reserve’s monetary policy. Meanwhile, the U.S. dollar has risen by 0.2%, pushing the USD Index (.DXY) further away from its 11-week low. This appreciation makes gold more expensive for investors holding other currencies.
On the other hand, U.S. President Donald Trump has raised hopes of a one-month delay in imposing higher tariffs on imports from Mexico and Canada, while also proposing a 25% tariff on European automobiles and goods. This uncertainty has driven investors toward the U.S. dollar, adding further pressure on gold prices, which were already facing profit-taking pressure after reaching record highs.
EURUSD: Bearish Wave Continues to Dominate!EURUSD continued its downward trajectory on Thursday, losing nearly 0.9% and slipping below the key 1.0400 support level for the first time in nearly two weeks. The decline was driven by strong USD buying pressure across the market.
The U.S. Dollar Index (DXY) reclaimed the 107.00 level, reaching a fresh six-day high, supported by a modest uptick in both U.S. and German bond yields. The dollar’s strength reflects ongoing concerns over U.S. tariffs and fresh doubts about the health of the U.S. economy, following weaker-than-expected economic data in recent days. These factors have weighed heavily on EURUSD.
From a technical perspective, the pair has broken below an ascending trendline, confirming a shift in momentum towards the downside. This reinforces the bearish outlook, as no clear bottom formation has been established yet. If EURUSD stages a recovery, it is likely to encounter resistance near the confluence zone of the EMA 34, EMA 89, and the newly formed resistance area, which could trigger renewed selling pressure. For now, the bearish bias remains intact, with further downside potential unless a decisive recovery above the resistance zone materializes.
GBPUSD: The trend of discounts prevails?Hello everyone, great to have you back for today's discussion on GBPUSD!
Currently, GBPUSD has extended its decline, trading below 1.2600 as market pressure intensifies. Risk sentiment has worsened following a series of U.S. economic data releases, which indicate weakness in the overall U.S. economy while also signaling a persistent rise in core inflationary pressures.
From a technical standpoint, the pair has broken below the ascending trendline, confirming a bearish breakout. The bearish momentum remains strong, with no clear signs of a bottom forming yet. If GBPUSD stages a corrective pullback, it is likely to face resistance around the 0.5-0.618 Fibonacci retracement zone, which aligns with the confluence of EMA 34, EMA 89, and the newly established resistance area. This setup could reinforce selling pressure, making it a key level to watch.
Lingrid | EURUSD Drops from 1.05000 RESISTANCE. Possible ShortFX:EURUSD market formed a triangle-shaped pattern, indicating a price squeeze. Following the release of high-impact news, the price dropped, remaining mostly sideways before breaking through the upward trendline and the range zone. On the daily timeframe, the price broke and closed below the previous weekly low, forming a significant bearish candle. I think the price may continue on this bearish momentum towards the January close level. I expect the market to form an ABC pullback before pushing lower, especially if upcoming news does not drive the market higher. My goal is support zone around 1.035500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
ETH/USD Range Strategy: Key Levels for TradingThe provided content appears to be a snapshot of a TradingView chart for the Ethereum (ETH) to U.S. Dollar (USD) pair, dated February 28, 2025. Here’s an analysis and a potential trading idea based on the information:
### Analysis:
1. **Price Levels**: The chart shows Ethereum's price ranging from a low of around 1,200.00 to a high of 3,800.00. The current price seems to be fluctuating within this range, indicating potential support and resistance levels.
2. **Trend**: The chart spans several months, showing periods of volatility and consolidation. The price has experienced significant movements, suggesting that Ethereum is subject to strong market sentiment and external factors.
3. **Support and Resistance**: Key support levels are visible around 1,500.00 and 2,000.00, while resistance levels are around 3,400.00 and 3,800.00. These levels are crucial for identifying potential entry and exit points.
4. **Time Frame**: The data spans from March of one year to November of the next, indicating a medium to long-term analysis window.
**Description**:
- **Entry Point**: Consider entering a long position near the 2,000.00 support level with confirmation from bullish indicators. For a short position, consider entering near the 3,400.00 resistance level with bearish confirmation.
- **Stop Loss**: Place a stop loss just below the 1,800.00 level for long positions or above the 3,600.00 level for short positions.
- **Take Profit**: Aim for a take profit level near the 3,000.00 resistance for long positions or the 2,200.00 support for short positions.
- **Risk Management**: Ensure proper risk management by not risking more than 1-2% of your trading capital on this trade.
This strategy leverages the current range-bound movement of Ethereum, providing clear guidelines for entering and exiting trades based on key support and resistance levels. It also emphasizes the importance of risk management to protect your capital.
QQQ at Key Support Level: Potential Buy OpportunityNASDAQ:QQQ is currently testing the lower boundary of the ascending channel, aligning with a key support zone where buyers may step in.
This area has historically acted as a strong support level, suggesting that if the price confirms a bullish rejection, we could see a move higher toward the 522.00 level, which aligns with the mid-range of the channel. However, a break below this trendline would invalidate the bullish outlook and could lead to further downside.
This setup reflects a potential bounce from channel support, in line with the prevailing uptrend.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
ETHEREUM MASSIVE LONG|
✅ETHEREUM is set to retest a
Strong round support level below at 2000$
After trading in a strong downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 2531$
LONG🚀
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EUR/GBP Breakdown – More Downside Ahead? Local Short! SellAnalysis & Description:
The EUR/GBP pair is showing bearish momentum, having broken below a key horizontal resistance zone, confirming a potential downtrend continuation.
Key Observations:
✅ Break & Retest Pattern: The price has broken below the previous support (now resistance) and is retesting it before further downside.
✅ Bearish Structure: Lower highs and lower lows indicate a continuation of the downtrend.
✅ Target Level: The next bearish target is marked around 0.82441, aligning with previous support.
Trading Plan:
📉 Bearish Bias:
A successful rejection from the resistance zone could provide a selling opportunity targeting 0.82441 and lower.
⚠️ Bullish Invalidations:
If the price reclaims 0.82760, it could signal a fakeout and potential bullish reversal.
Final Thought:
EUR/GBP is in a clear bearish trend, and a rejection from the resistance zone could trigger a further decline toward the 0.82441 level. Stay cautious of any false breakouts! 📉🔥
AUD-JPY Bearish Breakout! Sell!
Hello,Traders!
AUD-JPY is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key horizontal
Level of 94.025 and the
Breakout is confirmed so
We are bearish biased
And we will be expecting
A further move down
Sell!
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EURCAD Approaching Major Resistance — Potential Sell OpportunityOANDA:EURCAD is approaching a significant resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling interest and historical price reactions, increasing the likelihood of bearish move if sellers regain control.
The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 1.49830 — a logical target based on previous price behavior and market structure.
However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
GOLD MARKET ANALYSIS AND COMMENTARY - [Feb 24 - Feb 28]OANDA:XAUUSD continued to increase for the 8th consecutive week, marking the longest increasing streak in many years. Opening the week at 2,886 USD/oz, gold price peaked at 2,955 USD/oz and closed at 2,936 USD/oz. The main reason is concern about US tariff policy causing economic instability, increasing global gold demand. In addition, many central banks, especially in the BRICS bloc, are also actively buying gold.
Gold prices will have more room to rise higher due to the ongoing geopolitical and geo-economic instability, including the Trump administration's tariff policy and the risk of political instability in Europe. Additionally, demand for investing in gold-backed exchange-traded funds is also growing.
The US PCE inflation report, released next Friday, may affect gold prices through FED interest rate adjustments. If PCE increases, the FED may delay cutting interest rates, which is detrimental to gold prices. On the contrary, if PCE drops sharply, the gold price could exceed 3,000 USD/oz.
SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Tuesday morning will see the February US Consumer Confidence report, followed by January New Home Sales data on Wednesday.
On Thursday, markets will receive preliminary reports on US fourth-quarter GDP, January Durable Goods Orders and weekly jobless claims, followed by US pending housing contract data later in the morning.
However, the most important event of the week will be the US core PCE index on Friday, along with the January personal income and personal spending reports. This is the Fed's preferred inflation gauge, helping gold traders gauge the outlook for interest rates in the near term.
📌Technically, although the gold price is still maintaining an uptrend, however, on the Weekly and Daily charts, some technical indicators such as MACD show signs that the price has diverged, the moving average lines (EMA34,89) are quite far from the price line, this shows that the gold price next week may face adjustment pressure before continuing to increase again, unless there are fundamental factors that have a strong impact on the gold price.
Notable technical levels are listed below.
Support: 2,922 – 2,915USD
Resistance: 2,946USD
SELL XAUUSD PRICE 3001 - 2999⚡️
↠↠ Stoploss 3005
BUY XAUUSD PRICE 2834 - 2836⚡️
↠↠ Stoploss 2830
EURAUD at Key Resistance Zone – Will Sellers Step In?OANDA:EURAUD has reached a significant resistance zone, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control.
If the price confirms resistance within this zone through bearish price action (e.g., wicks or rejection candles), we could see a move toward 1.66260, which aligns with a logical target based on recent structure.
However, if the price breaks and holds above this resistance area, the bearish outlook may be invalidated, potentially opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Gold’s Sell-Off Continues: Is 2850 the Next Target?It has been a rough week for Gold bulls.
After reaching a new all-time high on Monday, Gold experienced a sharp sell-off, breaking multiple support levels—just as I highlighted in my recent analyses.
Yesterday, I pointed out that the 2880 support level was unlikely to hold and that a drop toward 2850 was the most probable scenario. Overnight, Gold hit a low of around 2856, which now raises the key question: is the correction nearing its end, or is there more downside ahead?
What’s Next?
✅ Bearish Continuation: Now the mid-term trend turned bearish. Gold is known for its strong directional moves, and history suggests that once momentum picks up, the asset rarely stops immediately. As long as Gold trades below 2880, the path of least resistance remains to the downside.
✅ Key Resistance at 2880: This level, previously a support, has now turned into a significant resistance zone. A retest of this area could present new selling opportunities for traders looking to join the trend.
✅ Potential Rebound from 2850: Although the trend favors further downside, the 2850 zone is a critical area of interest. Given the size of the recent decline—nearly 1,000 pips in just a few days—a short-term bounce cannot be ruled out. However, any bullish move would need strong confirmation before considering long positions.
Conclusion:
Selling rallies into resistance remains the safer strategy, while buyers should exercise caution and wait for clear signals before stepping in.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Is NASDAQ Losing Steam? A Reality Check for TradersHey Realistic Traders, Is CAPITALCOM:US100 Out of Steam? Let’s Dive Into the Analysis…
On the daily timeframe, the Nasdaq remains above the EMA-100, which has served as strong support through multiple successful rebounds. Simultaneously, the price has moved above the bullish trendline, reinforcing the ongoing uptrend.
Within wave 4, the price formed a falling wedge pattern, followed by a breakout. This signals the initiation of wave 5, which could potentially extend beyond the length of wave 1, given that wave 3 did not exceed the 1.618 Fibonacci ratio. Meanwhile, the MACD indicator has already formed a bullish crossover, adding further confirmation of a positive outlook for the Nasdaq.
Considering these strong technical signals, the price is likely to move upward toward the first target at 23,538 , or potentially the second target at 24,356.
However, this bullish scenario depends on the price staying above the critical stop-loss level at 20,833.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Nasdaq."
US30 Will Go Up! Buy!
Take a look at our analysis for US30.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 43,381.39.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,680.64 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GOLD Will Move Higher! Long!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,863.303.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,902.672 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPJPY Is Very Bearish! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 189.489.
Taking into consideration the structure & trend analysis, I believe that the market will reach 188.370 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GOLD → False breakdown before further declineOANDA:XAUUSD updating lows within the changing local trend structure. The price is currently testing the liquidity zone at 2852, with a potential rebound before further downside movement.
Gold registered its lowest level in two weeks, dropping below $2,900 in Asia on Friday, breaking an eight-week bullish streak. The metal remains under pressure from the stronger U.S. dollar, influenced by Trump's tariff policies and U.S. economic conditions. Trump confirmed that tariffs on Canada and Mexico will take effect as scheduled on March 4 and also threatened to impose a 25% tariff on European Union imports, along with an additional 10% on Chinese goods. Additionally, weak U.S. GDP data (2.3% in Q4) and rising jobless claims have further supported the dollar. Traders are now awaiting the U.S. PCE Price Index to assess the Fed's interest rate outlook and its impact on gold.
A false breakdown at 2852 could trigger a retracement toward the 0.618 Fibonacci imbalance zone at 2877 or the 0.5 level at 2885 before resuming the decline. Given both weak fundamental and technical conditions, gold may attempt to retest its recent lows.
Best regards, Bentradegold!