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GOLD FURTHER SELL OFF?! (UPDATE)Gold has pushed up extremely bullish today, so far 320 PIPS. It has stayed below the last ATH of $2,790 keeping the market structure valid so far. BUT, it has surpassed the important price point of $2,780 which makes market structure very difficult to navigate right now. I'm waiting on the weekly candle closure to get a better idea of what Gold could possibly do next. The next few trading days should develop price action & make future direction more clear. Being patient right now.
OANDA:XAUUSDShort
by BA_Investments
1
BoJ hikes rates, yen pares gainsThe Japanese yen gained as much as 0.8% earlier today but has failed to consolidate these gains. In the European session, USD/JPY is trading at 156.03, dwon 0.02% on the day. The Bank of Japan hiked its policy rate by 25 basis points earlier today, as expected. This brings the policy rate to 0.5%, its highest level since October 2008, during the global financial crisis. The Japanese yen climbed sharply after the decision but was unable to consolidate these gains. The BoJ has been signaling that it planned to raise rates at today's meeting, although the BoJ tends to surprise the markets and a rate hike, while expected, was not a given. The BoJ statement expressed hope that this year's wage negotiations would result in strong wage increases, as was the case last year. Governor Ueda has said in the past that he would raise rates provided that inflation was driven by higher wages, which would show that inflation was sustainable. Wage growth has been moving higher and this resulted in today's rate hike. Japan's inflation rate has been moving higher and the December inflation report, which came out today, showed core CPI climbed to 3%, up from 2.7% in November and in line with the market estimate. The core rate has hovered above the BoJ's 2% target for 2.5 years and at today's meeting, the BoJ upgraded its inflation outlook to above 2% until 2026. Predictably, Governor Ueda didn't provide a timeline for the next rate hike at his post-meeting press conference, but a May rate hike is on the table if the wage negotiations result in higher wages and inflation does not weaken unexpectedly. Another key factor in the timing of the next rate hike will be President Trump's trade policy. Trump had promised to levy tariffs on US trading partners on his first day in office but has delayed the tariffs until at least Feb. 1. The BoJ will want to see which direction Trump's trade policy is going before raising rates again. There is support at 154.78 and 153.27 156.49 and 158.00 are the next resistance lines
by OANDA
Gold Hits $2,770 Target – Will It Break Historical Highs Today?Analyzing the 4-hour chart of gold, we observe that the price reacted to the expected levels of $2,755, $2,757, and $2,759 yesterday, followed by a strong breakout to hit our anticipated target of $2,770. Currently trading at $2,777, gold shows no signs of rejection or a significant pullback. As the final trading day of the week unfolds, the big question remains: will gold surpass its previous historical high of $2,790? With today's growth reaching $2,780, it's just 100 pips away from breaking that record. The opening of New York markets could provide the decisive momentum. A new historical high and even targets beyond $2,800 seem within reach! Stay tuned for updates, and don't forget to support this analysis with your reactions to keep the momentum going. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
19
Bank of Japan Raises Rates, Yen StrengthensBank of Japan Raises Rates, Yen Strengthens The Bank of Japan (BOJ) has raised short-term interest rates to 0.5%, the highest level in 17 years. While this move was anticipated, the currency market responded with a significant strengthening of the yen, with USD/JPY falling by approximately 0.6%. At a press conference, BOJ Governor Ueda stated that there is no predetermined course for future rate adjustments. Meanwhile, media reports cite analysts’ opinions suggesting that the rate could be raised again before the end of 2025. Technical analysis of the USD/JPY chart shows the formation of a descending channel (highlighted in red) at the start of 2025. The news of the rate hike enabled bears to launch another attack on the psychological level of 155 yen per dollar—a level that had previously served as support earlier this month. As of the morning of 24 January, bulls are managing to defend this level, but how long can they hold out if bearish pressure persists? Key points to note: → The USD/JPY trend resembles a rounding-top pattern. → The yen's strength is also supported by the dollar’s weakness, influenced by some uncertainty surrounding the introduction of international trade tariffs promised by US President Trump. Today, at 17:45 GMT+3, the Purchasing Managers' Index (PMI) figures will be released, potentially triggering heightened volatility in financial markets. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Trump, BOJ could be the ideal divergent theme for USD/JPY bearsWe've just seen the BOJ deliver a hawkish hike, where they upgraded their inflation forecasts and cited rising wage pressures. This leaves the door open for further hikes this year. Meanwhile, Trump is now trying to strongarm the Fed and global central banks to lower interest rates immediately. Together, this is the ideal divergent theme currency traders crave. And the icing on the cake for USD/JPY bears would be if Trump begins his attack on a strong USD (which I think he will). Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
1
Potential bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 156.59 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 158.13 Why we like it: There is a pullback resistance level. Take profit: 154.74 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
XAU/USD : Liquidity Grab at $2733, Next Trend Awaits NY Session!By analyzing the 4-hour gold chart, we see that the price finally broke out of the neutral range of $2702-$2714 today, reaching as high as $2733 and clearing liquidity above $2727. After this liquidity grab, gold experienced a slight correction, retracing to $2717. Currently, the price is trading around $2722. As the New York market opens, we’ll see if gold can establish its next trend. It’s still too early to declare a bearish shift, as the bullish trend remains intact until the price breaks and stabilizes below $2688. For now, consider these levels for positions: Supply Zones: $2727, $2742, $2753 Demand Zones: $2717, $2711, $2703 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
38