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Gold Price Facing Resistance After Channel Breakhello guys! Broken Channel: The price recently broke out of a rising channel, signaling a potential shift in trend. Following the breakout, it retested the broken channel boundary, indicating that this level now acts as resistance. Double Top Formation: A double-top pattern can be observed near the upper resistance zone around $2,710–$2,730, suggesting that the price struggled to maintain upward momentum. This is a bearish signal, implying a potential reversal in the near term. Middle Line of the Larger Channel: The price touched the middle line of the larger upward channel before retracing, highlighting the importance of this level as a key resistance zone. Potential Path: if the price fails to break above the resistance zone ($2,710–$2,730), it could decline sharply toward the next support levels around $2,580 and $2,540.
OANDA:XAUUSDShort
by melikatrader94
5
Gold - This Resistance Decides Everything!Gold ( TVC:GOLD ) is retesting massive resistance: Click chart above to see the detailed analysis👆🏻 All bullruns will eventually end with a consolidation or a correction but on Gold it is clearly not certain whether this bullrun is actually over or not. We are seeing a lot of indecision price action lately but in order to turn bullish, Gold has to break this resistance. Levels to watch: $2.700, $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
8
USD/JPY: Key Pullback After 320-Pip Drops, Another Decline AheadBy analyzing the USD/JPY daily chart, we observe that after a significant drop to 155 (yielding 320 pips), the price has reacted to a key psychological level and is currently in a pullback phase. Following a short upward move, we can look for a suitable trigger to align with another potential downside move. This chart will be updated again soon—stay tuned! 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
Short
by ArmanShabanTrading
9
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Great finish to the week with our analysis playing out perfectly. Yesterday we shared our update of the 1H chart idea with our targets all complete and today we follow up on our 4H chart idea. We got our Bullish target at 2694 complete, which followed with ema5 lock above 2694 opening the range above, all the way into 2726. We got a nice push up clearing over 300 pips and just a few pips short of 2726, which can be considered, as done. Smashing finish to the week!!! We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
GOLD - Price can break support level and fall to $2660 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it at once made an upward impulse to resistance line, breaking $2695 level. Next, price in a short time declined to support line, breaking $2695 level again and then exiting from a wedge. After this, price fell below $2625 level and started to grow in a rising channel, where it traded between $2625 level. Later, Gold broke this level and rose a little, after which made correction and then continued to grow. Price reached $2695 level, but at once made a small correction, after which backed up and broke this level. At the moment, I think that Gold can start to decline from resistance line of a channel to $2660, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
SPY/QQQ Plan Your Trade For 1-17-25 : Gap Up Higher PatternToday's pattern is a Gap Up Higher in Counter Trend mode. I believe this pattern would have resulted in a Gap Down Lower price trend related to the counter-trend setup. But it looks like the foreign markets drove the SPY/QQQ higher. The obvious disruption to the SPY Cycle Patterns recently has come from the post-election concerns and the expectations of a broader credit/debt market crisis (which seems to be subsiding). I believe we have to get past the Inauguration before we'll be able to see if the markets attempt to establish any defined price trend or continue to trade in a sideways price mode. Gold and Silver are struggling to muscle higher - which I believe is the likely outcome for metals. BTCUSD has moved back above $100k - but may struggle above the downward-sloping price channel. Overall, at this point, I would suggest traders pull profits on any trades they have open as we move into the new Trump Administration and a slew of new EOs and new policies that may disrupt the markets. We are very likely going to see some new price volatility over the next 30+ days. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
3
XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717. If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction. Stay tuned for updates once the confirmations are in place! 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:XAUUSDShort
by ArmanShabanTrading
10
Gold at Resistance Zone>Technical Patterns>Potential DropThe U.S. economic Indexes released on January 16, 2025 , have implications for Gold ( OANDA:XAUUSD ): Core Retail Sales m/m : ncreased by 0.4% , slightly below the 0.5% forecast, indicating moderate consumer spending. Retail Sales m/m : Rose by 0.4% , under the expected 0.6%, suggesting a potential economic slowdown. Unemployment Claims : Reached 217,000 , higher than the anticipated 210,000, pointing to a softening labor market. These factors may lead to a weaker U.S. dollar and increased demand for gold as a safe-haven asset, potentially driving gold prices higher. --------------------------------------------------- Now let's take a look at the Gold chart in the 4-hour time frame and see how much Technical Analysis can help us predict the trend of Gold in the coming hours and days. Gold is moving in the Resistance zone($2,743-$2,700) and near the Upper line of the Ascending Channel , the upper lines of the Rising Wedge Pattern and Time Reversal Zone(TRZ) . In terms of Classic Technical Analysis , Gold appears to be moving within the Rising Wedge Pattern . According to Elliott's wave theory , Gold appears to be completing microwave C of the main wave Y . The wave count will change if the Resistance zone($2,743-$2,700) breaks . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to start falling at least the Support zone($2,697-$2,689) and the lower line of the ascending channel after entering the TRZ and touching the upper line of the ascending channel and the wedge pattern. Note: If Gold can break the Resistance zone($2,743-$2,700), we can expect an All-Time High(ATH) for Gold. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
7
GOLD - 15 min ( Best Buy And Sell Scalping After Break ) In the context of Gold trading via FXCM, significant technical levels have been identified on the 15-minute time frame. A bullish outlook is established following a breakout through the key level of 2713.5, notably accompanied by high trading volume. Conversely, a bearish sentiment emerges if the price breaches the key level of 2703, also supported by substantial volume. It is imperative to note that our analysis is grounded in precision rather than numerical approximations, ensuring the provision of the most accurate trading opportunities. ⚡️GOLD / FXCM Best Break Our / Key level's 15m Tf 🚨Bullish After Break Out key level + High Volume / 2713.5 Point 🚨Bearish After Break Out key level + High Volume / 2703 Point ⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
CAPITALCOM:GOLD
by GentleGoldenEngine
GOLD → Correction after a false breakout. What's next?FX:XAUUSD reaches a key resistance that stops a strong rally. A false breakdown triggered a correction, which could be a chance for comfortable buys. The gold price stabilized around $2,725 after a three-day climb, remaining under profit taking pressure. Strong data on China's economy failed to inspire the market as real estate concerns and possible U.S. tariffs dampened optimism. Expectations of Fed rate cuts continue to support gold despite mixed data on the US labor market and retail sales. The Fed chief's statements about possible rate cuts in the first half of the year are adding support to the metal. Next week, traders' attention will be focused on US housing and industrial production data. Support levels: 2700, 2697 Resistance levels: 2712, 2721 Global and local trend is bullish. Counter-trend correction is being formed. Technically, the correction may reach the zone of interest 2700 - 2697, from which we should expect a rebound, for example, to 2712, or even the recovery of the bullish trend. Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
Silver could rise above 32 (1500+ pips target)In my previous analysis on OANDA:XAGUSD , I noted that the lack of bearish continuation following the break below the 30 level suggested a high likelihood of a false breakout. I anticipated that the price would most likely reverse to the upside, and this scenario has played out as expected. After breaking back above the 30 level and successfully retesting it, XAG/USD is now holding steadily above this important support. Additionally, the price has broken out of the falling wedge pattern by moving above the descending trendline. The morning star candlestick formation observed two days ago further reinforces the bullish outlook. Adding to the positive sentiment, a strong close today could result in a continuation pin bar on the weekly chart, further supporting upward momentum. In conclusion, the strategy remains to buy on dips, with an ideal entry around 30.30 and a target at the technical resistance above 32.
OANDA:XAGUSDLong
by Mihai_Iacob
2
Gold will little correct and then to continue grow in channelHello traders, I want share with you my opinion about Gold. The chart shows how the price entered to seller zone, where it reached the mirror line and then dropped to the buyer zone, breaking the 2710 level. After this, the price bounced up from the buyer zone but soon corrected back. Then Gold made a strong upward impulse to the seller zone, breaking the mirror line again. In the seller zone, the price started to decline inside the downward pennant, where it broke the 2710 level one more time and fell to the support line of this pattern, breaking the support level too. Gold some time traded below the support level and later it exited from the pennant pattern, reached this level, and broke it, after which continued to grow. When the price reached 2662 points, the price corrected the buyer zone and then started to grow inside the upward channel. In the channel, Gold rose to the resistance line and then corrected to the support line, after which continued to move up to the resistance level. Recently price reached this level and even try to break it, but failed. For this moment, I think that Gold can correct to support line of the channel and then rise to the resistance level back. After this, XAU can break this level and continue to move up inside the channel. For this case, I set my TP at 2740 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
Gold market trend analysis next week: Analysis of gold news: On Friday (January 17), the rise in the U.S. dollar put pressure on gold prices, but due to uncertainty about incoming President Donald Trump’s policies and the market once again bet on further interest rate cuts, gold prices The key $2,700 level was breached, so gold remains on track for a weekly gain. Gold prices hit a new high in more than a month on Thursday, just $65.6 shy of October's all-time high of $2,790.15. Gold prices have gained 0.5% so far this week, their third straight weekly gain, after weaker-than-expected U.S. core inflation data on Wednesday fueled speculation the Federal Reserve will cut interest rates more than once. Traders expect the Federal Reserve to cut interest rates twice before the end of the year, and Federal Reserve Governor Christopher Waller hinted that the Fed may cut interest rates further if economic data weakens further. Despite gold's recent strong performance, some analysts say the metal still needs to break out of the consolidation period of the past two months to achieve greater gains. ​ ​ The market is now eagerly awaiting Trump's inauguration on January 20, which analysts expect will bring challenges to the gold market. Trump's aggressive rhetoric about supporting US manufacturing through trade tariffs continues to push the US dollar index to a high of more than 109 points, while raising inflation concerns and worries about a global trade war. Outgoing U.S. Treasury Secretary Yellen said that the Treasury Department will take special accounting operations starting on January 21 to avoid breaching the debt ceiling. She again urged lawmakers to take steps to raise or suspend the statutory ceiling. Yellen wrote in a letter to bipartisan leaders of Congress on Friday that she is informing lawmakers that the Treasury Department will use extraordinary measures starting January 21. Fed Governor Waller said that if US economic data weakens further, three or four rate cuts this year are still possible. Traders expect two rate cuts before the end of the year, with Fed Governor John Waller suggesting more could come if economic data weakens further. Gold is often seen as a hedge against inflation and political uncertainty, has no yield, and can benefit from lower interest rates. Gold prices fell on Friday (January 17) as U.S. inflation data and dovish comments from Federal Reserve officials reignited hopes that the central bank could cut interest rates multiple times this year. U.S. inflation data released earlier this week rekindled market expectations that the Fed could cut interest rates multiple times this year. It closed higher for three consecutive trading days. Gold hit its highest point since December 12, 2024 on Thursday this week at $2,724.61. The dollar index is expected to fall about 0.5% this week, ending a six-week winning streak. After the release of U.S. core inflation data on Wednesday, traders began to digest the expectation that there could be two rate cuts this year. Gold has been supported this week by weaker-than-expected U.S. economic data such as PPI and CPI data and dovish comments from Fed policymakers. The continued uncertainty in 2025 further enhances the appeal of gold. Gold technical analysis: I believe that friends are aware of the importance of the high point near 2,726. The previous two shocks have successfully ushered in a sharp decline, indicating a large amount of short suppression. At present, the impact is blocked again, and the day has ushered in a volatile downward trend, breaking this week's slow bullish trend. On the 4-hour chart, the market has surged upward many times, but the momentum of the bulls has not increased. Moreover, the 4-hour price has moved outside the upper Bollinger Band, which is a bit overbought. Now that the price is so high, let's not chase the price higher. The high position is a bit passivated and needs to be adjusted and repaired. High-altitude operation can be considered, but the position must be chosen correctly. When the price of gold has corrected in place, it may be easier to go long at a low level than short at a high level. You just need to pay more attention and don't blindly chase long positions. Judging from the structure of the 1-hour chart, gold has started to rise since around 2596, and the highs and lows have gradually risen. As long as it has not fallen below the key support line, we'd better follow the bullish thinking and let's go again. Looking at the technical indicators, the DIFF line and DEA line in MACD have crossed downward, which shows that the short-term trend is not optimistic. Although the overall trend of gold is still upward, the possibility of a correction in the short term is relatively large. However, this small correction will not change the overall situation. On the whole, gold prices are still trending upward. If the gold price continues to pull back, our team of senior professional analysts believes that we can focus on the price range of 2690 to 2700 and consider buying on dips. Taken together, in terms of short-term operation ideas for gold next week, our senior professional analyst team recommends mainly longs at low levels during callbacks, supplemented by shorts at rebound highs. The upper short-term focus will be on the 2717-2722 first-line resistance, and the lower short-term focus will be on the 2690-2685 first-line support. .
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
EUR/USD Poised for Growth: Key Levels and Targets Ahead! (READ)By analyzing the EUR/USD chart on the three-day timeframe, we observe that the price is still trading around the 1.030 level, and I expect an upward move from this pair soon. With the Dollar Index likely to decline further, this could support EUR/USD's growth. As mentioned in the previous analysis, the key upside target remains 1.044, while the significant demand levels are at 1.020, 1.005, and 0.99. Keep an eye on these levels for potential opportunities! 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 The Main Analysis :
Long
by ArmanShabanTrading
1
The upward trend is good, waiting for buying opportunitiesGold continued to rise and close on the daily chart, and the price continued to run in the trend. The MA10/7-day moving average of the daily chart kept opening and moving up to 2678/2690, and the RSI indicator kept turning upward and running above the central axis. The price of the short-term four-hour chart continued to move up along the 7-day moving average, and the Bollinger Bands kept opening upward, and the price continued to run along the middle and upper tracks. The trading idea remains unchanged, and the trend is low and long to participate in the transaction Gold is still in a bullish trend now. The decline is an opportunity to go long. Gold has hit a recent high again. The bulls are better. Gold is directly long near 2700! Now it is the home court of the bulls, so continue to go long with the trend. The gold 1-hour moving average continues to diverge upward, and the gold bulls will continue. The gold highs continue to set new highs, and the lows are also raised in turn. Gold is still in an obvious bullish trend in 1 hour. After gold broke through 2700 yesterday and stood firm at 2700, gold held 2700 today and continued to go long. Gold can enter the market near 2700 first. First support: 2707, second support: 2701, third support: 2693 First resistance: 2725, second resistance: 2736, third resistance: 2748 Operation ideas: BUY: 2698-2700, SL: 2690, TP: 2720-2730; SELL: 2728-2730, SL: 2739, TP: 2700-2710;
OANDA:XAUUSDLong
by Jun-GoldAnalyst
1
Hellena | GOLD (4H): Long to area of 2726.976.Friends, it's been pretty hard lately to draw waves on a gold chart and I realize that not everyone likes it, but I'm trying to be objective. The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete. I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”. But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry. In both cases I expect to reach the area of 2726.976. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
8