Futures market
Gold 1 hour weekly chart with both buy and sell entriesThis week promises to be quite eventful in the markets with Donald Trump taking office on January 20th. Initially, we can expect a strong USD until the markets stabilize.
For our chart this week, I've highlighted both the upside and downside. My plan is to monitor the market opening during the Asian session. If there isn't a sudden spike, I would consider entering a buy at 2704, targeting 2717 to 2720 as the first resistance. If this level is broken, I'll add at 2720 and trail.
On the downside, I'll enter a sell at 2696, aiming for 2694 and 2684 as the first resistance levels.
Chart is 1 hour ill update as the week progresses.
Check out my other gold idea for a long position after pullback
Trade safe
Cable analysis based on seasonal dataWhen looking at this chart, I ask 3 questions:
1). Bias = What trend are we currently in?
- Downtrend, P2
2). Are we following a seasonal pattern?
- Yes, 20 years pattern
3). What does this mean?
- Seasonals show us a move to the upside, but we are in a downtrend so this is a P2
- Seasonally we expect a market high around 31/01 before a move lower, this could be around the monthly pivot point as previously highlighted for other P1's
GOLD attracts traders. ATH as a target GOLD is testing the liquidity zone and sellers are trying to put pressure at the moment. But, it is worth to realize that Trump's policy is a risk for the market. Gold is still a safe-haven asset, which is remembered when risks rise.
Scenario: We are waiting for a correction to 2710 - 2690. This is an integral part of the scenario development after the false breakout. But, based on the bulls' position, we can count on the price reversal from the mentioned zones with the purpose of resistance breakout and further growth to 2757 and ATH - 2790
Closing my Buying order with Profit / second Buy runningAs discussed throughout my yesterday's session commentary: "My position: Gold's reversal chances are now negated with Trump's Tariff speculation which delivered hard blow to DX. I do expect Gold to continue soaring and if #2,727.80 gets invalidated, expect #2,752.80 benchmark to be met. Only #2,700.80 benchmark break-out can revive Sellers interest."
My first Buying order was closed with excellent Profit (#2,722.80 - #2,745.80) on a fine #23 point run which extended decent results from last week and in general. I have engaged second Buying order on #2,743.80 which is currently running and will not close order unless #2,752.80 benchmark gets invalidated to the downside.
My position: Gold is skyrocketing due DX taking strong hits due Trump's tariff speculations and as explained many times before, such development will add heavy Buying pressure on Gold. If #2,752.80 benchmark holds as an former Resistance / new Support, #2,800.80 benchmark / record High's are in motion. My #2,743.80 entry point Buying order is still running as I will keep it for more Profits. Trade according to what I wrote above.
go short on GOLD long term periodso gold has completed its 2nd leg (wave X from WXY) and now im expecting wave Y down and making a new low....i think gold fall will start from 2766.00----2769.00 price....so i short it wid SL above the ATH and TP below the daily swing low
GOLDGold buyers defending 2716.87 during newyork session suggests that this level has become a significant support, which could lead to a bounce in price to attempt to break 2747 -2750 SUPPLY ROOF. This defense indicates that buyers are actively supporting the price at this level, preventing it from falling further.
I see a swing into 2764-2758 zone if we correct into 2735-2730 for a buy and reject this level.
the market is in sell zone ,care should be applied because of institutional rejection to price upswing. Especially at 2764 zone
THE demand floor could send price into 2797-2800 whole number on timing, if the analysis break 2764 zone supply roof
GOODLUCK
Gasoline - Continuing the up-trend as following!Hi guys , we are looking into today RBOB or Gasoline, the price formulated an amazing up-trend since we last posted about it, so we are looking to re-test the upper levels again.
After the price consolidates around the 2.19-2.20 mark we will analyse again and see what would be the next move!
Entry: 2.12
Target: 2.15
Target: 2.19
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
GOLD at Key Resistance: Will Sellers Take Control?OANDA:XAUUSD has reached a key resistance zone, an area where sellers have historically regained control. The ongoing bullish momentum may face exhaustion as price approaches this level, making it a potential turning point.
If bearish confirmation appears, such as rejection candles or a bearish engulfing pattern, I anticipate a pullback targeting the 2,740.000 level, which represents a logical target within the current market structure. This setup reflects a possible short-term correction within the broader market context.
XAU/USD $$$
XAU is strongly bullish in all TF. the zones that i specified is valid just take LTF CONFIRMATION IN IT
FOLLOW FOR MORE DAILY ANALYSIS
Gold (XAU/USD): Key Levels and Trading Opportunities
Gold (XAU/USD) remains a favorite among traders due to its characteristic volatility and safe-haven appeal. Currently, the chart indicates a potential breakout scenario, as the price approaches a critical resistance level following a steady ascent from support zones.
Chart Breakdown
Support Zone: The primary support zone lies between $2,590 and $2,620, an area where buyers have consistently stepped in to defend prices.
Resistance Levels: The immediate resistance is at $2,640, where price is currently testing the breakout level. If cleared, the next significant resistance lies around $2,670, with a potential rally toward the $2,700 zone, a level that aligns with recent highs.
Potential Scenarios
Bullish Case: A breakout above $2,640 could open the door to further upside, targeting $2,670 as the first milestone and $2,700 as a secondary target. The ascending trendline further supports bullish momentum, providing dynamic support.
Bearish Case: A failure to breach $2,640, combined with selling pressure, could see prices revisiting the $2,620 support zone. A breakdown below this level could send gold back toward $2,590 or even lower, around $2,550, where a stronger demand zone is evident.
Trading Plan
Bullish Setup:
Entry: Above $2,640 with confirmation of a breakout.
Target 1: $2,670
Target 2: $2,700
Stop-Loss: Below $2,620
Bearish Setup:
Entry: Below $2,620, especially if the ascending trendline breaks.
Target 1: $2,590
Target 2: $2,550
Stop-Loss: Above $2,640
What’s your outlook on Gold? Will it break higher, or is a retracement imminent? Let’s discuss in the comments below! 📈📉
⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always perform your own analysis before trading.
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GOLD BULLISH EXTENSION IN NEWYORK SESSIONGold is bullish on the weekly, the daily, the 4h, the 30m and the 15m signaling continuation in bullish momentum in the New York session. Gold has been bullish for a long while now and many traders expect it to form a top and then retrace to below 2750. However, the technicals are strongly bullish for today. 🚀
FX:XAUUSD
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 POSSIBLE BUY Patience is painful but it fruit is sweet, but understand what you're waiting for will make you benefit the sweet, 1:2 RR gotten, target was reached for the first entry, let's see if price will reach second entry
CHECK GOLD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
Gold trading signals technical analysis satup👇🏼
I think now gold ready for sell trade gold sell zone enter point (2760) to (2762)
First tp (2752)
2nd tp (2745)
stop loss (2770)
Tachincal analysis satup
Fallow risk management
XAUUSD : Rise or Fall?For the time being, I will place my bet on FALL - until the price proves me wrong.
Good luck.
Gold has all the fuel it needed for today. I'm long for the rest of the day.
Be careful with money management.
Gold1) A symmetrical triangle breakout
2) previous trend break
Order type : Buy Stop
EP : 2728.30
SL : 2583.68
TP : 2872
Analysis of the latest gold trend on January 21
Gold has been rising since the early Asian session today, and the high point of the European session has reached 2732. Combined with the current trend of the US dollar index, the rise of gold during the day is mainly due to the market's extreme bullish sentiment. However, this kind of extreme sentiment is not easy to control. In the future, a steady stream of bullish injections are needed for gold to remain strong. However, judging from the expectations of future fundamentals, this possibility is still relatively low, so for the current gold price If it is strong, you must still maintain a high degree of vigilance and do not blindly chase the rise.
Combined with the daily and hourly chart structures, the current gold trend is still beyond the normal operating rules, but there is also a fight around 2733 today, so we must also be wary of this pressure. The lower part of the U.S. market focuses on the competition for the 5-day line of 2710. Technically, we still hope that the market will fall back to the 5-day line and conduct a regular technical correction. Otherwise, the current emotional trend will still have a great unconventional risk.
For US market operations, it is recommended to sell short at 2730/2732, and look down to 2720 and 2712.
Closing my Buying order with Profit / second Buy runningAs discussed throughout my yesterday's session commentary: "My position: Gold's reversal chances are now negated with Trump's Tariff speculation which delivered hard blow to DX. I do expect Gold to continue soaring and if #2,727.80 gets invalidated, expect #2,752.80 benchmark to be met. Only #2,700.80 benchmark break-out can revive Sellers interest."
My first Buying order was closed with excellent Profit (#2,722.80 - #2,745.80) on a fine #23 point run which extended decent results from last week and in general. I have engaged second Buying order on #2,743.80 which is currently running and will not close order unless #2,752.80 benchmark gets invalidated to the downside.
My position: Gold is skyrocketing due DX taking strong hits due Trump's tariff speculations and as explained many times before, such development will add heavy Buying pressure on Gold. If #2,752.80 benchmark holds as an former Resistance / new Support, #2,800.80 benchmark / record High's are in motion. My #2,743.80 entry point Buying order is still running as I will keep it for more Profits. Trade according to what I wrote above.
XAUUSD is on correction Gold prices are rising sharply because the US Dollar (DX) is weakening due to Trump's tariff speculations. This situation is creating strong buying pressure on gold. If the price stays above the key level of $2748-50 support area the next target could be $2790 or even record highs.
I entered a sell position at 2758 and it is still active. I plan to hold this position to gain more profit. Follow this strategy if it aligns with your trading goals.
If 2750 turns invalidate, next gold will be on 2740 mark.
