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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
AUDCAD Intraday trade 15/01/2025On the daily timeframe, #AUDCAD remains in a clear bearish trend, but as discussed earlier, the pair is currently in a pullback phase, forming a potential lower high. At present, price is hovering around the 0.88966 level, which serves as a key area of interest for sellers. Traders should be watching closely for signs of rejection or bearish confirmation at this level, which could present a solid selling opportunity in line with the prevailing trend. Alternatively, if the pullback extends further, the next significant level to monitor is around 0.89667, where deeper retracement could offer another opportunity to enter short positions. It's important to remain patient and allow price action to dictate the next move within this ongoing bearish structure. Happy Trading
Long
by Thetraderscollective
Trading Signals for GOLD (XAU/USD) for January 15-18, 2025:Gold is trading around 2,681 below the 21 SMA within the uptrend channel forming since December 23. Gold could continue its fall in the next few hours until it hits the pivot point of 2,656. On the other hand, in case gold bounces within the uptrend channel, it will be seen as an opportunity to buy with the target at 2,675. If the price breaks and consolidates above this area, we could expect it to hit the psychological level of $2,700. Another important support is located around the 200 EMA at 2,649. This level could offer a last chance for gold to continue rising. So, it could favor a new rally that could take the gold price up to 6/8 Murray at 2,737 On the contrary, with consolidation below 2,650 on the H4 chart, the outlook for gold could be negative. Therefore, we could expect it to reach 2/8 Murray at 2,578 in the short team. The metal could even cover the gap it lift at 2,562 and finally, reach the psychological level of $2,500. Our trading plan for the coming days will be to buy above 2,700 and sell below 2,675. Below 4/8 Murray, the outlook could be negative for the coming days.
FOREXCOM:XAUUSDLong
by CEO-PREMIUM-ANALYSIS
Macro $BTC Trend - Weekly IH&SZoomed out view of BITSTAMP:BTCUSD on weekly view. Macro inverted head and shoulders with a falling wedge. Chart also has previous trend channels. On a macro basis, I think this is bullish. My guess is that we might get rejected by the 8 week VWAP and retest the prior trend line at ~$88k. However... I could also see this getting momentum and breaking out of the falling wedge. I tend to err on the side of caution here and with an election about to happen, I don't plan on scaling back in until ~February. Keeping a close eye on this one. If it does breakout of the wedge to the upside, it should be a very quick move to the $130k+ range.
INDEX:BTCUSDLong
by rfc4
FTSE 100 futures: Buy the dip for resistance retest?FTSE futures continue to coil in a triangle pattern dating back nearly a year. While that suggests we may eventually see a decisive break at some point, today’s setup looks at playing the existing range. The price has been well supported on dips towards and through 8200 recently, bouncing on four consecutive occasions. Considering the price action, one setup to consider would be to buy above this level with a stop beneath Tuesday’s low for protection. Despite recent weakness, momentum indicators like RSI (14) and MACD continue to trend higher, making the preference to buy dips over selling rips. The January 9 high is one potential target, another triangle resistance located just below 8400. Good luck! DS
ICEEUR:Z1!Long
by FOREXcom
AUDUSD InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost button and subscribe! Key Points - According to foreign media reports, President-elect Trump’s economic team is reportedly considering a gradual increase in tariffs by 2–5% per month, interpreted as a strategy to minimize a sharp rise in inflation. - The market has shown relief regarding inflation after both the December PPI headline and core figures came in significantly below expectations, shifting focus to the upcoming CPI. - Concerns over stagflation risks and rising fiscal deficits persist as the yield on the UK’s 30-year government bond reaches its highest level since 1998. - In Australia, November retail sales rose 0.8% month-on-month, marking the largest increase in 10 months, while November CPI reached 2.3%, nearing the target range and raising expectations for a rate cut in February. Major Economic Events This Week + January 15: UK December Consumer Price Index (CPI), US December Consumer Price Index (CPI) + January 16: UK November GDP, Germany December Consumer Price Index (CPI), US December Retail Sales + January 17: UK December Consumer Price Index (CPI) AUDUSD Chart Analysis Recently, the AUD/USD pair has experienced significant downward pressure due to the US dollar's strength and rising expectations of a rate cut by the Reserve Bank of Australia. During this decline, the pair broke below the 0.62000 level. However, it has since rebounded, recovering to around the 0.62000 level as it finds support. That said, the upward movement may be short-lived, with a high likelihood of continuing its downward trend toward the 0.60000 level after confirming a peak. If the upside momentum unexpectedly strengthens, I will quickly adjust the strategy accordingly.
Short
by shawntime_academy
Nikola Corp (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nikola Corp (Extended Hours) Stock Quote - Double Formation * A+ Set Up)) | Completed Survey | Subdivision 1 * (Neckline) At 6.0100 USD | (No Trade)) - Triple Formation * Numbered Retracement | Subdivision 2 * 012345 | Wave Count | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NKLAShort
by TradePolitics
Oil - Double top bearish divergenceOn the above 3-day chart Crude oil has enjoyed a massive 400% rally since the buy signal in April 2020. A number of reasons now exist to be bearish, very bearish. This should really be the start of peak inflation for the moment. So why bearish? 1) The ‘great sell’ signal with 90% probability. 2) Double top bearish divergence. RSI prints a lower high on the price action double top (pink line). 3) Price action support breakout. Is it possible price action continues to rally? Absolutely. A back test of support to confirm resistance is possible. Is it probable? No. Be risk on folks. ww
OShort
by without_worries
2
#TradeWithMky ETH still Sleeping I suggest that to subscire channel to dont lose next analysiss This is not a financial advise its only a Analysis that I created by some difrrents strategies such as #PriceAction #PivotPoints #SmartMoneyConcept and #ClassicPatterns next bullish movement on ETH can surge us to targets in this case u should be aware about passsing at least next resistance and also if price made a DownTrend line price should break it It will happen soon o late but Money Managements is More important that Time Managments # ETH can make at least 4800$ again I wiill edit this post next 6 Weeks again and answer your Comments bellow lets make a comunication in comments ♥
Long
by TradeWithMky
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
AUDUSD Selling Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity on AUDUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
1
NVDA - Bearish Pressure Can Turn Into Bullish OutcomeBullish on NVDA. My thought is that the stock will be taking some pressure this week. Bears are having their time. With some possible price movement trending upwards in the coming day after going down some. I see NVDA as a strong company who continues to surprise. 5 Contracts Purchased @ 11:00 AM - Today. NVDA - JAN 24 - $140 CALLS - Per contract price = $0.97/Contract. $495 USD Position. Let us see where the wave takes this one!! Bullish. Happy New Year !!
NASDAQ:NVDALong
by TorontoTrading93
ENA/USDT on the Edge Major Breakdown Signals Big Moves Ahead!The chart showcases ENA/USDT breaking down from a well-established channel pattern, signaling potential bearish momentum. This breakdown indicates a shift in market sentiment, as bulls have failed to hold the key support levels. The price action now reflects a retest of the broken channel's lower boundary, which is likely to act as a significant resistance area. ENA has exited the channel pattern, with the price moving decisively below the structure. This breakdown is a critical bearish signal, as it invalidates the previous trend's upward momentum. The levels of $0.84 and $0.89 will act as key resistance points. The $0.84 level represents the immediate resistance derived from the channel's lower boundary, while $0.89 aligns with a historical supply zone, where sellers are likely to dominate if the price approaches this level. A failure to reclaim these levels will reinforce the bearish bias, encouraging sellers to push the price lower. If the price fails to reclaim the resistance levels, the bearish breakdown could extend toward $0.73, which is the first significant demand zone, followed by $0.66, a mid-level support identified from previous accumulation zones, and $0.58, the ultimate bearish target if selling pressure accelerates. The breakdown has been accompanied by increased sell-side volume, indicating strong participation by sellers. Any attempts to reclaim the resistance levels must also show increasing volume on the buy side to invalidate the bearish structure. The breakdown below the channel has likely shaken bullish confidence. When the price retests the resistance zone between $0.84 and $0.89, short positions may dominate, targeting the lower support levels. Traders should watch for price action near the $0.84 to $0.89 resistance range. A clear rejection at this zone, coupled with low bullish volume, will confirm the bearish continuation. Conversely, if bulls manage to reclaim and hold above $0.89, it could invalidate the bearish outlook and signal a recovery toward $1.00. ENA/USDT has shown significant bearish signs with the channel breakdown and subsequent retest of resistance levels. The likelihood of further downside remains high unless bulls reclaim the $0.89 level. Traders should exercise caution and focus on price action around the key resistance and support zones for optimal trade entries.
Short
by wolfchemist