Gold’s Wild Ride: From Record Highs to Sudden Sell-OffsLast week was highly volatile for Gold prices.
After reaching a new all-time high on Tuesday, the price dropped sharply by approximately 800 pips. However, it began recovering on Thursday and climbed back to the 2940 zone on Friday.
In the final hours of trading, Gold experienced another sharp decline, closing the week exactly at the 2880 support level.
These repeated sell-offs from the all-time high suggest that a deeper correction may be underway, potentially confirming a double-top pattern. If this scenario unfolds, the measured target for the drop could be around 2820.
With this in mind, I will look to sell rallies against the recent 2940 all-time high.
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.
Xauusd(w)
Breaking news affects the trend of gold.Peace talks:
1. Russian media: Russian and US officials will hold a meeting on Ukraine in Saudi Arabia on the 18th.
2. European leaders: Russia-Ukraine conflict negotiations without European participation are "unacceptable".
3. Trump: A meeting with Putin is expected to take place soon; Putin hopes to end the Russia-Ukraine conflict as soon as possible.
4. US Special Envoy for Ukraine: Russia-Ukraine conflict negotiations may focus on Russia's territorial concessions and Russia's oil revenues. It is too early to say when Trump's Ukraine plan will be ready. Europe will not participate in the Russian-Ukrainian peace talks.
Under the influence of this news, the price of gold rose rapidly after the market opened, then fell rapidly to release the short pressure, and then rose sharply again to the current price of 2900.
Under the influence of the dominant news, the price of gold abandoned the original technical trend, and was influenced and guided by the news, and walked out of the independent market outside the technical aspect.
The entire short pressure has been released, and the price of gold today is still mainly buying low. The increase in the Asian market is almost the same, and now it is waiting for the longs in the London and New York markets to be released. The target that the price of gold is expected to reach today is about 2910-2920. OANDA:XAUUSD TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Trading:
BUY 1: 2879-2885
BUY 2: 2893-2896
TP: 2910-2920
SL: 2870
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains in an uptrend, and there are no clear signs that the bullish wave has ended. We still expect the price to reach at least above $3,000 in the coming period.
However, on the daily timeframe, gold has entered the overbought zone, leading to the expected corrective phase.
At this point, we anticipate a further price correction to lower levels before a new bullish move begins.
Stay patient and look for suitable buying opportunities.
Monitor price reactions to support levels to identify an optimal entry point.
The overall trend remains bullish, and the current correction may provide a good re-entry opportunity.
What’s your outlook on gold? Do you think the $3,000 target is achievable?
Don’t forget to like and share your thoughts in the comments! ❤️
World gold continues to run out of timeGold prices today in the world February 17: Trade tensions pushed gold prices to record highs
Precious metals investors have endured a volatile week, as dismal US economic data and escalating tariff threats pushed gold prices to new record highs. However, at the end of the week, some optimistic news about the US economy and the US-Russia peace negotiations caused gold to take profit and fall sharply. The downward trend has not stopped today, gold is still trading below 2,900 USD/ounce.
Unfavorable economic data from the US has also pulled the USD down, possibly creating opportunities for commodities traded in USD. Specifically, retail sales in the US in January decreased by 0.9%, in contrast to the increase of 0.7% (adjusted from 0.4%) in December, according to an announcement from the US Census Bureau on Friday. This decrease is lower than market expectations, only -0.1%.
With this situation, although gold prices are currently trending down in the short term, unstable factors from Trump's tax policy or concerns about trade wars can still create momentum to help gold prices go up in the future, especially when the demand for safe assets increases.
XAUUSD H1 | Bearish Drop Based on the H1 chart, the price is rising toward our sell entry level at 2907.615, aligning with a pullback resistance level and the 50% Fibonacci retracement. This setup suggests a potential bearish reversal.
A rejection at this level could drive prices lower toward our take profit at 2881.62, an overlap support.
The stop loss is set at 2929.14, a pullback resistance level.
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GOLD heads towards all-time levels with a more positive outlookOANDA:XAUUSD has recovered as US Treasury yields plummet amid a trade war, existential and dangerous. The increase in gold purchases by central banks has created more room for gold price increases.
US real yields, which are inversely correlated with gold prices, fell 8 basis points to 2.072%, which is positive for gold. The 10-year US Treasury yield fell 10 basis points to 4.519%.
Bloomberg said gold prices have stabilized near all-time highs after US President Trump ordered back-and-forth tariffs, increasing uncertainty in trade and the global economy.
Trump announced on Thursday local time that the United States will impose "reciprocal tariffs" on all countries exporting goods to the United States to restore a fair competitive environment in global trade, but has not yet given a specific implementation timeline.
This is a new escalation in the trade war after Trump announced an additional 25% tax on all steel and aluminum imported into the US.
The World Gold Council (WGC) revealed that central banks purchased more than 1,000 tons of gold for the third consecutive year in 2024. According to the World Gold Council, the amount of gold purchased by central banks increased by more than 54% year-on-year to 333 tons after Trump won the election.
Central banks, including China's increased gold holdings and expansion of exchange-traded funds backed by the metal, have also supported gold's 12% gain so far this year.
Today's key financial data and events: Friday, February 14, 2025
① 17:00 Eurozone revised annual GDP rate in the fourth quarter
② 17:00 Eurozone seasonally adjusted initial employment rate in the fourth quarter
③ 20:30 Canadian monthly wholesale rate for December
④ 20:30 US monthly retail sales rate
in January
⑤ 21:30 US monthly import price index ratio for January
⑥ 21:15 US monthly industrial output rate for January
⑦ 22:00 US monthly commercial inventory ratio in December
⑧ 01:00 the next day Total number of oil rigs in the United States as of week ending February 14
Analysis of technical prospects for OANDA:XAUUSD
Gold continues to rise for the second day after gaining support from the confluence of the upper channel edge and the 0.236% Fibonacci extension, and with its current position it has the conditions to continue rising with a target of all-time highs in the short term, more likely new era highs targeting around 2,952 USD.
The bullish technical structure has not changed, with the short-term trend highlighted by the price channel, while the Relative Strength Index is still pointing up with the green uptrend showing no signs of a possible downside correction.
During the day, as long as gold remains within the price channel, it still has a bullish outlook. Pullbacks do not see the RSI go below 80, and below EMA21 should only be considered a short-term correction and a short-term buying opportunity.
Along with that, notable levels will be listed as follows.
Support: 2,900 – 2,891USD
Resistance: 2,927 – 2,942 – 2,952USD
SELL XAUUSD PRICE 2951 - 2949⚡️
↠↠ Stoploss 2955
→Take Profit 1 2943
↨
→Take Profit 2 2937
BUY XAUUSD PRICE 2892 - 2894⚡️
↠↠ Stoploss 2888
→Take Profit 1 2900
↨
→Take Profit 2 2906
Bullish bounce?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2,790.01
1st Support: 2,721.96
1st Resistance: 2,929.89
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Pre market evaluation for XAUUSD - Potential moves for todayReviewing how the higher timeframe candles have closed as of the end of last week we can see that;
Monthly = Bullish
Weekly = Closed back into the range
Daily - Formed bearish CISD
This information suggests to me that the month overall may close bullish, but anticipating a further retracement.
Based on this, the weekly FVG circa 2855 to 2817 is an attractive draw for shorts should price action reveal its hand to continue lower today.
What my plan of attack for today will be;
- If price first pulls back into the range, respects a POI, its likely to continue lower to Weekly FVG and I will be looking for short opportunities targeting this level .
- If price continues to rage lower on the open, I will be waiting and looking for long opportunities form the weekly FVG level.
Lets see what price prints, remaining dynamic and fluid in our assessments reacting to what the market provides once it shows its hand.
Good luck this week everyone.
Cheers,
GOLD REBOUND AHEAD|LONG|
✅GOLD went down from
The resistance of 2942$ just
As we predicted in our previous
Analysis and keeps falling
So now Gold is locally oversold
And after the retest of the
Horizontal demand level below
Around 2868$ a local bullish
Correction is to be expected
LONG🚀
✅Like and subscribe to never miss a new idea!✅
XAU/USD 30-Min Analysis – Bullish Reversal & Breakout SetupGold (XAU/USD) - 30-Minute Chart Analysis 🏆📊
Key Observations:
Market Structure Shift (CHOCH - Change of Character) 🔄
The chart marks a CHOCH, signaling a potential shift from bearish to bullish momentum.
This suggests that the recent downtrend may have concluded, and buyers are stepping in.
Liquidity Grab & Stop Hunt 🎯
The price dipped below the SELL STOP level, likely triggering stop-loss orders.
A sharp rejection followed, indicating strong buying interest at lower levels.
200 EMA (Exponential Moving Average) as Dynamic Support 📈
The price tested the 200 EMA (2,885.011) and bounced off, reinforcing the bullish case.
This suggests that institutional traders might be accumulating positions near this zone.
Bullish Breakout Potential 🚀
The highlighted grey box represents a potential order block or accumulation zone.
A breakout above this area could confirm the bullish continuation towards the target level (2,942.963).
Trade Setup:
Entry Zone: Retest of the grey accumulation zone (around 2,894 - 2,899).
Stop-Loss: Below the recent low (around 2,880).
Target: 2,942.963 (previous resistance & psychological level).
Risk-Reward Ratio: ~2.5:1 (optimal for a trade execution).
Final Thoughts:
🔸 If price holds above the breakout zone, we could see a strong rally towards 2,942.
🔸 If it fails to hold and falls below 2,880, expect further downside retracement.
🔸 Bullish sentiment is favored, but confirmation is key! ✅
XAU/USD Breakout – Targeting $2,950?XAU/USD (Gold) 1H Chart Analysis 🏆📊
🔹 Current Price: $2,926.285
🔹 Recent High: $2,927.305
🔹 Recent Low: $2,923.840
🔹 200 EMA Support: $2,870.242 (far below current price)
Key Observations & Setup
✅ Breakout Confirmed: The price has broken out of a descending trendline, signaling bullish momentum.
✅ Target Zone: The red resistance zone near $2,945 - $2,950 is the next potential target.
✅ Potential Move: Price is expected to climb toward this resistance area before facing rejection or continuation.
✅ Support Levels: If the breakout fails, the previous resistance (now support) around $2,915 - $2,920 could be tested.
Trading Plan 📈💡
Bullish Play: If price holds above the breakout level, targeting $2,945 - $2,950 could be a solid setup.
Bearish Rejection: Watch for rejection at the resistance zone for possible short opportunities.
EMA Support: The 200 EMA remains far below, reinforcing overall bullish sentiment unless a major pullback occurs.
📢 Final Thoughts: This is a classic breakout & retest scenario. If momentum sustains, we could see a push into the resistance zone. Stay cautious for any rejection signals! 🚀🔥
GOLD Risky Long! Buy!
Hello,Traders!
GOLD is making a strong
Bearish correction and
Looks locally oversold so
After it hits the horizontal
Support level of 2868$
We will be expecting a
Local bullish rebound
And a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Will the dove of peace take off?
A large number of heavy bombs made in the United States arrived in Israel late at night. At 12:53 Norwegian time, Israeli Prime Minister Netanyahu delivered an important speech: We will eliminate the military capabilities of Hamas. Unless all our hostages are released, the gates of hell will open. All our war goals will be achieved.
From the news perspective, the news that affects the gold price over the weekend is mixed. The good news is that the dove of peace is about to fly, and the bad news is that the war bomb is about to explode. It depends on whether it is just a "talk".
From my personal understanding, I tend to go long on the gold price at a low level. Because the gold price will retreat, this is based on technical support. From the graph, the MA cross pattern is about to form. After touching the larger MA200 support below, the speed of the XAUUSD price decline is reduced. It is just a buffer, not a real stop, and then it closes. At the same time, combined with the technical pattern trend of MACD, the kinetic energy column below is still expanding, and the selling pressure in the market still exists. This selling pressure will be concentrated at the next opening. Release. COMEX:GC1! COMEX_MINI:MGC1! TVC:GOLD OANDA:XAUUSD
Back to the chart, we observe the price changes, the current price is 2882. As mentioned above, the gold price has not stopped falling significantly, so we pay attention to whether the small-level support near 2860 can stop the gold price from falling. I think it is about the same. This is what we need to pay attention to. The gold price may quickly retreat to this position and then rebound. Then this is a good time to buy.
From the price, it is reflected that it will fall directly or adjust first and then fall. For short selling, some profits can be obtained, but remember that the gold price will not fall all the time, because after short selling, it is necessary to go long at the right time to make a profit.
Breaking news, an important news that will affect the market! ! According to the news, senior US and Russian officials will meet in Saudi Arabia next week to prepare for the Trump-Putin summit, which will be held at the end of the month at the earliest. The details of the meeting and the list of participants are still being worked out. Saudi Arabia has invited representatives from the United States, Russia and Ukraine to attend the meeting in Riyadh.
According to the report, the goal is to finalize a date for Ramadan, which starts in March.
1. At first glance, this news may not be very relevant to businessmen, but it is not.
There are three major themes dominating the current global financial market:
First, the Trump administration;
Second, the Federal Reserve’s interest rate cut
Third, the possibility of a ceasefire between Russia and Ukraine
The market has been hyped for many rounds on the first two points, and the market has become immune to these two factors in the short term (lost interest). The third point is the speculation that has just emerged, and the market has not yet fully priced it. 50% of the factors for the decline of the US dollar this week are due to news from Russia and Ukraine. The market also has a probability expectation for the "possibility of a ceasefire between Russia and Ukraine", just like the expectation of a rate cut by the Federal Reserve. This probability has exceeded 50% this week (30% last week).
2. Judging from the news itself, Trump seems eager to reach an agreement with Russia, prompting Russia and Ukraine to accelerate the ceasefire. It means that the geopolitical game has entered a new stage of "open talks and secret wars", and the market pricing mechanism will switch between risk on/off modes more frequently.
More content:
The location is Saudi Arabia, and Saudi Arabia may mediate in the middle - Saudi Arabia had a tense relationship with the United States before, but recently it has also cooperated with Russia in OPEC+
The United States bypassed Europe and directly contacted Russia at a high level - the two sides may be testing a certain "post-conflict framework", and "interest exchanges" in certain areas are not ruled out (possibly involving energy cooperation or lifting of some sanctions)
3. The subsequent progress of negotiations will have a certain impact on the financial market.
The analysis strategy is as follows:
As far as the crude oil market is concerned, any progress in negotiations may trigger a decline.
For the gold market, if the sudden plunge on Friday night is related to the "increased probability of a ceasefire between Russia and Ukraine", then there may be further declines in the future.
The agricultural product market may also be a major trading country, because Ukraine is a food exporter, and any ceasefire or agreement may improve food exports and lower prices.
In addition, Russian assets may also be revalued.
It is important to note that the Ramadan time window is mentioned as (March 10-April 9) - history shows that the conflicting parties often reach a temporary ceasefire at this stage. If it fails to achieve this time, it may trigger a reverse bet in the market.
OANDA:XAUUSD TVC:GOLD
Gold price analysis February 13⭐️Fundamental analysis:
Bullion traders are ignoring the US Consumer Price Index (CPI) data for January due out on Wednesday. Traders are also ignoring the possibility of a peace deal being struck with US President Donald Trump and Russian President Vladimir Putin, who spoke by phone to outline a meeting soon to hammer out the outlines of a peace deal. Despite these significant tail risks, gold is rallying, indicating a firm commitment from traders to continue to hold onto the safe-haven asset.
Meanwhile, traders are looking ahead to two testimonies from Federal Reserve (Fed) Chairman Jerome Powell on Capitol Hill before lawmakers. The release of January CPI data on Wednesday demonstrates that the Fed is on the right track to keep interest rates steady for longer.
⭐️Technical Analysis
Gold is falling and heading towards support at 2883, when closing below 2883 there is a zone of 2836. Resistance is focused on the zones of 2929 and 2940. Looking at the h4 frame, we can see the market's wave structure being pushed up to 2880 and forming an uptrend, proving that the buyers are very strong around 2880 and 2865 is being noticed by the buyers to jump into the market for a decline. The H4 candle that just closed shows that there is selling pressure but it is not clear yet. The next H4 candle plays an important role when it closes beyond 2910, becoming a Downtrend as analyzed and closing above 2910
GBPUSD analysis week 7🌐Fundamental Analysis
The US dollar is under heavy selling pressure, opening the door for GBP/USD to rise as risk-on flows dominate financial markets.
US President Donald Trump refrained from announcing new reciprocal tariffs on Thursday, instead explaining that he has tasked his economic team with drawing up plans to impose reciprocal tariffs on every country that taxes US imports, triggering a risk-on rally.
At press time, US stock index futures were trading sideways on the day. Should major Wall Street indices open on a bullish note and continue higher into the weekend, GBP/USD could extend its weekly gains.
🕯Technical Analysis
GBPUSD is pulling back to 1.250 and is looking for some buying interest towards the 1.272 resistance. The support at 1.250 is supported by two EMAs and a trendline. This trading range is the focus next week and it is quite difficult to break this trading range.
📈📉Trading Signals
BUY GBPUSD 1.250-1.248 Stoloss 1.245
SELL GBPUSD 1.272-1.274 Stoploss 1.277
Gold poised to extend rally to 3010 pointsHello traders, I want share with you my opinion about Gold. Looking at this chart, we can observe that a few days ago the price entered an upward channel and began to rise steadily. Shortly after, it climbed to the 2660 support level, which aligned with the buyer zone, and even broke through it. However, before making further progress, XAU corrected to the channel’s support line. Following this correction, the price retested the level and resumed its upward movement, eventually reaching the second support level located within a support area. Initially, there was another correction to the channel’s support line, but soon after, the price broke through the 2770 level as well and kept moving higher. Eventually, the price broke out of the first channel and transitioned into a new upward channel, where it reached the current support level, which also coincided with another support area. Gold managed to surpass the 2880 level and continued its bullish momentum. At the moment, the price is still climbing, and I anticipate that XAU will correct back to the channel’s support line before continuing its upward movement within the channel. For this scenario, I’ve set my TP at 3010 points, which aligns with the channel’s resistance line. Please share this idea with your friends and click Boost 🚀
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2905 and a gap below at 2872. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2905
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX