Gold Wave 5 Bull Complete?! (UPDATE)Gold prices have plummeted today, down 460 PIPS so far. Price remains within a range if you look at price on the left, so I'll be keeping an eye to see how market closes & if price will push back up again.
If price does push up, I do have a possible buy scenario in play. For now we just let price do its thing & create a structure.
Xauusd(w)
XAUUSD - Potential buy incomingBased on the technical analysis of the Gold spot price against the US Dollar, we're observing an interesting setup. The price has recently shown strong bullish momentum, reaching levels around $2,940 before experiencing a pullback. There's a significant support zone highlighted by the orange box around the $2,860 level, which appears to be a crucial area to watch.
If this support zone holds and the price maintains above the orange box, we could expect a continuation of the bullish trend. The recent price action suggests there's still buying pressure in the market, and as long as the support at $2,860 remains unbroken, the path of least resistance appears to be to the upside.
The technical structure shows a series of higher lows and higher highs before the recent pullback, which is typically indicative of a healthy uptrend. A bounce from the current support level could potentially lead to a test of the recent highs and possibly beyond.
However, traders should remain cautious and monitor the price action around this support zone, as a break below it could invalidate this bullish scenario. Risk management is crucial, and any trading decisions should be made with appropriate stop-loss levels in place.
Gold turns lowerGold has turned lower on the session - making for a more interesting end to the week. Indeed, the markets have been quite intriguing this week, with the US dollar at the centre of the action. Despite hotter-than-expected inflation data, the greenback softened following Trump’s more measured stance on tariffs, while the euro found support amid his expressed willingness to end the Ukraine conflict.
Previously, gold was ignoring all the dollar strength and was rallying, breaking the historic negative relationship. That seems to be the case again today with the metal falling despite a weaker US dollar.
Is this the start of the correction I was eyeing?
I guess, time will tell.
To be fair, it needs a correction in the near future to remove some speculative froth. That said, a confirmed reversal signal would be needed before adopting a bearish short-term outlook on XAU/USD.
Trump’s declaration that he intends to bring an end to the conflicts in Gaza and Ukraine raises the prospect of reduced haven demand, should he succeed. At the same time, his protectionist stance and expansive spending plans could keep US inflation elevated, delaying rate cut expectations and lending support to bond yields.
By Fawad Razaqzada, market analyst with FOREX.com
XAUUSD: A new Bias On Gold, What you all think?Dear Traders,
Our last two Gold Setups did not work out in our favour, and that is why we had to rethink about our bias. Now we expect a continuous growth in gold prices as we expected changes in government policies.
Show support by liking and commenting our ideas that will means a lot to us!
Thank you
There are opportunities for short-term buying and selling todayGold continues to rise on the daily chart, and bulls increase their volume! The structure remains intact, and the moving average and K-line remain in a bullish arrangement. At present, the price of the daily chart continues to move up from the high point of the MA5-day moving average, and the MA10/7-day moving average keeps opening and moves up to 2880/2898. The price continues to extend to the upper track of the Bollinger Band. The RSI indicator daily chart is close to 80 again. It should be noted on Friday that when the gold price hits a new record high again, the indicator signal may be overbought. On the weekly chart, the gold price has risen for 8 consecutive weeks.
The short-term four-hour moving average also keeps opening upward, and the price moves up from the MA7-day moving average. The moving average keeps opening upward, and the price is running in the upper track of the hourly chart and the four-hour chart Bollinger Band channel. The trading idea on Friday is still mainly to pull back low and long, and then go short after the historical high or previous high key resistance test in the European and American markets.
Yesterday, gold fluctuated downward in the Asian and European sessions. The price in the NY market fell to 2864 and then started to counterattack. As of today, it has risen to 2932. Judging from yesterday's trend, the first half of the session was running well, and the NY market made a desperate counterattack. At the same time, today's rebound high exceeded our expectations. From the current market, the daily chart has signs of V. Yesterday's bottoming and rebounding directly limited the range of today's adjustment!
Gold is now under pressure at the top of the entity in the previous 4 hours, and gold has begun to stagnate. From the trend chart, the oscillating upward trend has not changed. If gold cannot go up in 1 hour, then gold may still form a double top structure. Before gold breaks through strongly, gold is currently blocked at a high level and falls back. Even if you go long, you must wait patiently for opportunities after the decline, and don't chase more at the top. So from a strategic point of view, both long and short positions have opportunities!
Key points:
First support: 2922, second support: 2915, third support: 2902
First resistance: 2938, second resistance: 2948, third resistance: 2957
Operation ideas:
BUY: 2913-2915, SL: 2904, TP: 2930-2940;
SELL: 2958-2960, SL: 2969, TP: 2930-2920;
GOLD / USD Long (Looking for Target 2 )After the news impact GOLD tends to move strongly.
XAUUSD
Long trade went incredibly great.
First Target has been meet.
GOLD looking for solid move towards target 2.
After target 2(which a major resistance for Gold) we might see a reversal
Best Regards,
The Panda
CAPITALCOM:GOLD
OANDA:XAUUSD
FX:XAUUSD
Gold (XAU/USD) |ATH Breakout or Correction? Key Levels to Watch! Gold (XAU/USD) – Technical Analysis (4H Chart)
🔹 Market Overview:
Gold is trading near its ATH and maintains strong bullish momentum. A 4H candle close above 2,934 will confirm further upside toward new highs.
🔹 Current Price Action:
The bullish trend remains intact as long as Gold stays above 2,918 - 2,895.
A break above 2,934 will confirm bullish continuation to 2,956 and 2,974.
If price fails to hold above 2,918, a bearish correction toward 2,895 - 2,880 is possible.
🔥 Potential Bullish Scenario:
✅ A 4H close above 2,934 → Bullish breakout confirmed 🚀
📌 Targets:
📍 2,956 (first resistance)
📍 2,974 - 2,986 (next major resistance & extension target)
⚠️ Potential Bearish Scenario:
❌ A 4H close below 2,918 may trigger a pullback.
📌 Support Targets:
📍 2,895 (minor support)
📍 2,880 (strong demand zone)
🔑 Key Levels:
📍 Pivot Point: 2,934
📍 Resistance: 2,956 | 2,974 | 2,986
📍 Support: 2,918 | 2,895 | 2,880
📌 Conclusion:
✅ Gold remains bullish above 2,934, targeting 2,956+.
🚀 A breakout above 2,974 opens the door for 2,986+.
⚠️ Break below 2,918 may trigger a correction to 2,895 - 2,880.
💬 Will Gold push to new ATHs or pull back first? Drop your thoughts! 👇🔥
XAUUSD is still on bullish rally In our previous commantary we mentioned have 2930 on mark.
As we have closed our buy orders at 2928 and
our entry was 2908.
What possible scenario do we have?
At moment selling is limited, we are expecting a little correction at 2930-28 ,where we have possible buying options till 2950 first 2963 in extension.
On the other hand, if 2930 invalidated then our buying will be invalid and we'll wait for the structural support at 2920.
Below 2920 we have 2880 on mark.
News TradingLet’s talk about news trading in Forex . While news trading is extremely lucrative it’s one of the most risky things a trader can do and experience. News and data cause extreme volatility in the market and as we always say “volatility can be your friend or your enemy” . Let’s take a deeper dive into news trading, which news and data affect the TVC:DXY precious metals such as OANDA:XAUUSD and other dollar related currency pairs. We will also cover having the right mindset for trading the news.
1. Understanding News Trading in Forex
News trading is based on the idea that significant economic data releases and geopolitical events can cause sharp price fluctuations in forex markets. We as traders, aim to profit from these sudden price movements by positioning ourselves before or immediately after the news hits the market. However, due to market unpredictability, it requires a strategic plan, risk management, and quick decision making.
2. What to Do in News Trading
1. Know the Key Economic Events – Monitor economic calendars to stay updated on high-impact news releases.
The most influential events include:
Non-Farm Payrolls (NFP) – A report on U.S. job growth that heavily influences the U.S. dollar.
Consumer Price Index (CPI) – Measures inflation, impacting interest rate decisions and currency valuation.
Federal Open Market Committee (FOMC) Meetings – Determines U.S. monetary policy and interest rates, affecting global markets.
Gross Domestic Product (GDP) – A key indicator of economic growth, influencing currency strength.
Central Bank Statements – Speeches by Fed Chair or ECB President can create large market moves.
2. Use an Economic Calendar – Websites like Forex Factory, Investing.com, or DailyFX provide real-time updates on economic events.
3. Understand Market Expectations vs. Reality – Markets often price in expectations before the news is released. If actual data deviates significantly from forecasts, a strong price movement may occur.
4. Trade with a Plan – Whether you are trading pre-news or post-news, have clear entry and exit strategies, stop-loss levels, and a defined risk-to-reward ratio.
5. Monitor Market Sentiment – Pay attention to how traders are reacting. Sentiment can drive price action more than the actual data.
6. Focus on Major Currency Pairs – News trading is most effective with liquid pairs like FX:EURUSD , FX:GBPUSD , FX:USDJPY , and OANDA:USDCAD because they have tighter spreads and high volatility.
3. What NOT to Do in News Trading
1. Don’t Trade Without a Stop-Loss – Extreme volatility can cause sudden reversals. A stop-loss helps prevent catastrophic losses.
2. Avoid Overleveraging – Leverage magnifies profits but also increases risk. Many traders blow accounts due to excessive leverage.
3. Don’t Chase the Market – Prices may spike and reverse within seconds. Jumping in late can lead to losses.
4. Avoid Trading Without Understanding News Impact – Not all economic releases cause the same level of volatility. Study past reactions before trading.
5. Don’t Rely Solely on News Trading – Long-term success requires a balanced strategy incorporating technical analysis and risk management.
4. The Unpredictability of News Trading
News trading is highly unpredictable. Even when a report meets expectations, market reactions can be erratic due to:
Market Sentiment Shifts – Traders might focus on different aspects of a report than expected.
Pre-Pricing Effects – If a news event was anticipated, the market might have already moved, causing a ‘buy the rumor, sell the news’ reaction.
Liquidity Issues – Spreads widen during major news events, increasing trading costs and slippage.
Unexpected Statements or Revisions – Central banks or government agencies can make last-minute statements that shake the market.
5. How News Affects Forex, Gold, and the U.S. Dollar
1. U.S. Dollar (USD) – The USD reacts strongly to NFP, CPI, FOMC statements, and GDP reports. Strong economic data strengthens the dollar, while weak data weakens it.
2. Gold (XAU/USD) – Gold is an inflation hedge and a safe-haven asset. It often moves inversely to the USD and rises during economic uncertainty.
3. Stock Market & Risk Sentiment – Positive economic news can boost stocks, while negative reports may trigger risk aversion, benefiting safe-haven currencies like JPY and CHF.
6. The Right Mindset for News Trading
1. Accept That Volatility is a Double-Edged Sword – Big moves can mean big profits, but also big losses.
2. Control Emotions – Fear and greed can lead to impulsive decisions. Stick to your strategy.
3. Risk Management is Key – Never risk more than a small percentage of your capital on a single trade.
4. Adaptability – Be prepared to change your approach if market conditions shift unexpectedly.
5. Patience and Experience Matter – The best traders wait for the right setups rather than forcing trades.
Thank you for your support!
FxPocket
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains in a strong uptrend, but buying at the current levels carries high risk. We anticipate a price correction down to the identified support level, where we will look for potential buying opportunities.
The best approach is to wait for a correction before entering a buy position.
Don’t forget to like and share your thoughts in the comments! ❤️
Gold accuracy 99%Gold technical analysis: From the perspective of technical pattern analysis, since the price hit the key point of 2583, the gold price has shown a step-by-step upward trend. In the rising process, although there are negative lines, the number of negative lines does not exceed two at most, and the price adjustment cycle has never exceeded two trading days. After completing the closing yesterday, today has become a key time node for the gold market trend. Whether today can successfully close positive will directly determine whether the subsequent market can continue the strong pattern. According to the cyclical pattern of the previous gold market price trend, this trading day should first be treated as a strong market, and the price is expected to turn positive.
In addition, the current trend rhythm of the gold market is in the callback stage after the upward trend, which is not a fundamental turning point of the trend. Looking back at the historical market data, the change of the upward trend usually requires the appearance of typical turning patterns such as large negative lines arranged continuously and a large negative line engulfing multiple positive lines. For example, the trend change of gold prices at the historical high of 2790 in the previous period and the two declines after being under pressure at 2725 points were accompanied by such significant turning signals. However, the gold market has not shown similar morphological characteristics at present, so it can be firmly judged that the current market is only a relay correction stage in the process of bullish rise. The purpose of this correction is to accumulate strength and create favorable conditions for the further rise of gold prices in the future. Based on the above analysis, it is recommended to maintain a low-long strategy for today's gold market. In terms of specific operations, we should carefully select the points to arrange long orders, continue to maintain an optimistic expectation of the rise in gold prices, and expect the bullish forces to exert their strength again after completing the correction to start a new round of upward market. In terms of point selection, focus on the gold price falling back to the integer mark of 2900. Once the stop-loss signal appears at this point, follow up with long orders and continue to look at the price upward. Overall, today's short-term operation strategy for gold is to focus on long positions on pullbacks and short positions on rebounds. The short-term focus on the upper side is 2929-2934, and the short-term focus on the lower side is 2900-2895.
GOLD--> Test ATH 2942. Are buyers ready to act ?OANDA:XAUUSD testing ATH levels which could trigger growth momentum. The target of 3000 is getting closer day by day. Imminent in the near future...
Metals are consolidating after the price surge, maintaining an upward trend. Supported by Trump's tax plan and Fed easing expectations.
Meanwhile, the US Dollar (USD) and US Dollar Index (DXY) are significantly weaker. Markets are reacting to the delay in tariff implementation and comments from Trump and Powell about the need for interest rate cuts (requiring weeks or months before implementation), which has supported gold. Ahead lies potential profit-taking and impact from US Retail Sales data for January to be released.
Resistance levels: 2942, 2950
Support levels: 2929, 2923, 2908
Emphasis on key support levels. From there, price will realize growth potential. I don't rule out the possibility of retesting 2929-2922 before buyers continue their action.
Best regards, Bentradegold!
Gold (XAU/USD) Bullish Momentum: Key Buy Zone & Targets Identify gold (XAU/USD) analysis on the 1-hour chart indicates a strong bullish trend with a clear buying opportunity. Here are the key observations:
**Analysis & Key Levels:**
1. **Uptrend Formation:**
- The price is consistently making higher highs and higher lows.
- A trendline is supporting the move, confirming bullish momentum.
2. **Support & Buying Zone:**
- The chart highlights a **possible buy zone** around 2,930–2,920.
- This area coincides with a prior resistance-turned-support, making it an ideal re-entry for buyers.
3. **Resistance & Target Levels:**
- **1st target:** Around **2,943** – a short-term resistance level.
- **2nd target:** Around **2,960–2,970**, indicating a higher timeframe resistance where price might slow down.
**Trading Plan:**
- A potential buy entry could be near the **support zone (2,930–2,920)** if price pulls back.
- If the price remains above the trendline, the bullish move is likely to continue toward 2,943 and potentially 2,970.
- A break below the trendline could invalidate the bullish move, leading to a deeper correction.
USD/CAD Retest Nearing Completion, Strong Bullish Wave Incoming USD/CAD is trading at approximately 1.4170.Our target price of 1.8000 suggests an anticipated upward movement of over 38,000 pips, indicating a highly bullish outlook. You note that the pair is completing a retesting period, potentially leading to a strong bullish wave.
Technical analysis indicates that USD/CAD has been consolidating around recent highs, with the market awaiting key economic data to determine its next direction. A significant support level to monitor is 1.3950; a break below this level could shift the bias from bullish to bearish. Conversely, maintaining support above this level may reinforce the bullish scenario.
Fundamentally, the Canadian dollar has recently strengthened, reaching a two-month high against the U.S. dollar. This appreciation was driven by a decrease in U.S. bond yields and positive Canadian labor market data, including a drop in the unemployment rate to 6.6% and the addition of 76,000 new jobs in January 2025. These factors have eased concerns about an economic slowdown in Canada.
In summary, while the USD/CAD pair is currently exhibiting consolidation, the completion of the retesting period could lead to a strong bullish wave toward your target price. Traders should closely monitor key support levels and upcoming economic data releases to make informed decisions.
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.
Gold → Accelerating Upwards NorthOANDA:XAUUSD returning to the trend following news (inflation). The northbound train may continue from 2907. Upcoming unemployment claims and PPI data.
Gold is supported by uncertainty surrounding Trump's tariffs and economic data from the United States. The Fed remains hawkish due to rising inflation, pushing bond yields higher and driving prices down to $2,865 briefly. However, buyers quickly returned, pushing prices back up.
Meanwhile, traders are awaiting PPI data which could influence Fed policy.
Technically, prices are consolidating in the buying zone compared to key points at 2900 and 2907. If buyers can hold and strengthen above the 2907 resistance level, gold could update ATH in the medium term. Additionally, focus is on 2918 - 2920. Price consolidation above this zone will also support prices.
Best regards,
Bentradegold!
GOLD → Accelerating northward. Targeting $3000Hello dear friends, Ben here!
Today, gold continues its strong upward momentum. Taking inspiration from previous growth - high economic risk. The price is moving increasingly closer to the previously anticipated mark of $3000.
Accordingly, gold broke above the trend channel boundary and the $2850 mark at the start of the week in the US, but growth is being limited by the strengthening dollar due to escalating trade risks. Trump announced on Sunday that he would impose new 25% tariffs on all imported steel and aluminum products, exacerbating the pain for the Euro and commodity-linked Australian Dollar (AUD) and New Zealand Dollar (NZD), thereby channeling new buying interest into the safe-haven currency - the US Dollar.
Gold prices also benefited further from the People's Bank of China (PBOC) expanding its gold reserves for the third consecutive month in January and expectations of more stimulus measures from China. However, in the coming days, USD could extend its recovery if risk flows intensify or markets return to profit-taking on USD short positions before US CPI inflation data is released on Wednesday. Moderate expectations from the Fed, hopes for Chinese economic stimulus, and lurking trade war risks will help limit gold's downside.
Technically, we are currently monitoring around the psychological area of 2904 and the main support level is 2882.
Resistance level: 2904 (unconfirmed)
Support levels: 2882, 2870, 2853
Bulls seem to remain hesitant around the 2904 area with prices potentially continuing their upward trend without any reversals. But! The most likely scenario at this point is a false break of 2904, with a short-term correction to retest liquidity before bulls head northward.
GOLD → Waiting for news. What next?OANDA:XAUUSD during the adjustment period, we are monitoring key risk zones from which the trend may continue or the correction could extend longer...
The focus today is on the scheduled US CPI data release, which could provide new momentum for gold.
Markets remain concerned about Trump's tariffs potentially triggering inflationary pressures, which could allow the Fed to maintain its hawkish stance.
The US dollar strengthened significantly following speculation that the Fed will keep interest rates unchanged in the near future, putting pressure on gold prices for the second consecutive day on Wednesday.
However, Trump also hinted at considering additional tariffs on goods, raising concerns about a global trade war and serving as a catalyst for this safe-haven precious metal.
Gold's next movement depends on inflation data and Trump's tariff levels. If CPI exceeds forecasts, the dollar will strengthen and gold prices will decline. Conversely, weak data could support the metal's growth.
Resistance levels: 2898, 2911, 2930
Support levels: 2880, 2870, 2855
From a technical perspective, breaking above the support level at 2880 indicates the market remains bullish and quite aggressive. If buyers maintain prices above 2880-2885, then in the short and medium term, we should expect prices to rise to 2930-2950.
If gold breaks below 2880 and stays under this zone, market liquidation could occur and prices may fall to 2855, 2848, after which we can expect gold's growth to resume.
GOLD → Heading into tonight: Is 3K still a valid target ?OANDA:XAUUSD has approached the 2950 level but has yet to reach the key psychological threshold. The current price action indicates a correction phase, allowing the market to rest and accumulate liquidity ahead of key news releases, with a potential move northward on the horizon.
Gold is currently testing the 2900 level following Trump’s new tariff announcement, maintaining strong demand. The primary focus remains on Powell’s speech and the U.S. inflation data, as these will be the key factors influencing expectations for a Fed rate cut, which is the main driving force behind gold’s movement... Theoretically, the situation remains unclear as gold approaches strong support levels.
From a technical perspective, a correction is a logical scenario in a strong market. Technically speaking, prices cannot rise indefinitely; they require energy, which is replenished through seller pressure.
Currently, key focus areas include 2912, Fibonacci 0.618, and Fibonacci 0.5 levels.
Resistance levels: 2912, 2930
Support levels: 2901 (Fibonacci 0.618), 2888 (Fibonacci 0.5)
Powell’s speech, scheduled for tonight, and tomorrow’s U.S. inflation data will be the main catalysts. High volatility is inevitable. However, overall economic conditions continue to support this precious metal.
Before moving higher, gold may first test 2901 and 2888. The target remains within the familiar range of 2950 to 3000.
Best regards, Bentradegold!
XAU/USD 14 February 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 11 February 2025.
As mentioned in yesterday's analysis dated 10 February 2025 that it is highly likely price will print a bullish iBOS is how price printed.
Price is currently trading within an internal low and fractal high.
ChoCH positioning to indicate, but not confirm bearish pullback phase initiation is denoted with a blue dotted line.
Intraday Expectation:
Price to continue bearish and react at either discount of internal 50%, or H4 demand zone, before targeting weak internal high, priced at 2,942.780.
Alternative scenario:
Given HTF (Daily and Weekly) have also printed bullish iBOS' it would not come as a surprise if price printed a bearish iBOS.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 11 February 2025.
Price printed as per yesterday's analysis whereby it was mentioned price to print bearish CHoCH to indicate bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of 50% internal EQ or nested H4/M15 demand zone before targeting weak internal high priced at 2,942.780.
Alternative Scenario:
As all HTF's are in bearish pullback phase it would be viable if price targeted strong internal low, printing a bearish iBOS.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD: February 14 short-term bullish, long-term target 3000Gold technical analysis
Daily resistance 2950, support below 2852
Four-hour resistance 2950, support below 2896
Gold operation suggestions: Gold bottomed out and rebounded strongly to break a new high in the shock yesterday. The price of the Asian and European sessions was under pressure and fell back to the 2922 mark and then fluctuated repeatedly. The US session fell and stabilized for the second time at the 2906 mark and ushered in a strong rebound to break a new high. The gold price stood firmly above 2925 and continued the bullish strength. Today, the gold price hit the 2930 mark again at the opening of the Asian session. The short-term gold price experienced a slight adjustment and returned to the bullish strong range.
From the 4-hour analysis chart, today's support below is around 2900-2896, and the pressure above is around 2940-45. Rely on this range to wait for low-price buying during the day. The target is 2950 and then look at the 3000 mark. The short-term bullish strong dividing line is 2896. The daily level stabilizes above this position and continues to buy at a low price.
BUY:2896near SL:2893
BUY:2910near SL:2906
BUY:2943near SL:2940
The strategy only provides trading directions.