Entry 2990 Last week's price action in XAUUSD was dramatic. Initial surges, driven by tariff announcements, propelled the pair to record highs. However, this was followed by a significant correction, leaving the market in a state of uncertainty as we enter the new week. Considering the current market context (tariff implications, upcoming US economic data, central bank commentary) and the potential for continued volatility, this swing trade idea is indeed ambitious. The Core Strategy: We are anticipating a further decline in XAUUSD to a major support level. The key to this trade will be observing a strong rejection at this support, indicating renewed buying pressure. The ultimate goal is to capitalize on this potential rebound and ride the momentum towards making new all-time highs. Key Considerations for the Coming Week: Identify the Major Support Level: Pinpointing this level is crucial. It could be a significant previous swing low, a key Fibonacci retracement level, or a strong psychological barrier. Careful technical analysis is required to determine the most probable zone. Confirmation of Rejection: We will be looking for clear bullish price action at the identified support. This could include bullish candlestick patterns (e.g., engulfing bar, pin bar), positive divergence on momentum indicators, or a break of a short-term downtrend line. Risk Management: Given the ambition of targeting new all-time highs after a significant correction, robust risk management is paramount. This includes setting a well-defined stop-loss order below the identified support level to protect capital in case the rejection doesn't materialize. Position sizing should also be carefully considered. Potential Catalysts: Be aware of the upcoming economic data and central bank commentary, as these events could significantly impact price action and either support or invalidate this trade idea. Patience is Key: This is a swing trade, and the anticipated move may take time to develop. Avoid premature entry and wait for clear confirmation of the rejection at the support level. In essence, this is a contrarian swing trade based on the expectation that the underlying bullish drivers for gold will reassert themselves after the recent correction. We are aiming to buy low at a significant support level with the high-conviction target of reaching new all-time highs. Disclaimer: This is a potential trade setup idea and not financial advice. Trading Forex involves significant risk, and you could lose your capital. Conduct thorough research and analysis before making any trading decisions.
USD CHF was moving within a descending channel and has broken through the lower support, which has now turned into resistance. If the price rises, it might face rejection at the horizontal support that has also become resistance. let us see
Dow Jones has Head & Shoulder breakdown, With this it will have following targets possible, 37700 - 37200 - 36500
From the point marked on the chart, the STRAT correction of AKT has started. This correction appears to be a diagonal. We are currently in wave E. We are looking for buy/long positions in the green zone. Targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
The daily timeframe already shows signs of sellers entering the market. On the 1-hour timeframe, the low is already sweep, indicating a potential trend change on the 1-hour timeframe. To follow the trend, the entry area is located in the supply zone on the 15-minute and 30-minute timeframes.
What a week, two days of plunge and the Dow sits below where Tariff Trump won. World markets were ripe for this situation, waiting for the trigger... the trigger no doubt was Trump. The charts do not lie, the news does not matter as much as price action, the question now is where we bottom for a while and bounce...any rally is to be sold. Don't try and catch a falling knife, but be very careful shorting here at this point, expect a bottom this week. Expect further selling Monday to a degree, but we are at a bottom fishing level. Gold and especially silver were clobbered Thursday and Friday, we expected this earlier in the week and warned of toppy price action on our gold update. PM's are in a wave 4 down sideways move and next comes minor wave 5 up...long term holders have little to worry about...any pullback is a buying opportunity...$3000 gold is major support. Appreciate a thumbs up...God Bless you all and good trading!
Gold forecast and technical analysis H1 Time Frame next move possible. Supply and demand zones marks. Not financial advice.
Recommende buy level 3046 Recommended sell level 3030 Bullish Momentum Early Week: The pair started the week with strong bullish momentum, continuing the trend from the previous week. Concerns about the global economy and geopolitical factors fueled this upward movement, with XAUUSD testing and breaking above the $3110 level, reaching new record highs. Tariff-Driven Surge and Correction: Mid-week saw a further surge in gold prices following the announcement of tariffs by the US. XAUUSD reached a record peak of around $3167-$3168. However, this was followed by a sharp and deep correction heading into the weekend. Powell's Hawkish Comments: Comments from Fed Chair Powell regarding tariff-driven inflation contributed to the downward pressure on gold towards the end of the week. Profit-Taking: After reaching record highs, profit-taking also played a role in the significant correction observed towards the end of the week. Technical Levels: Support was seen around the $3050 and $3100 levels at different points, while the $3115-$3125 zone acted as a resistance after the initial surge. The $3035 zone is also being watched as potential support. Overall Negative Bias: Despite the early week gains, XAUUSD traded with a negative bias for the second straight day on Friday, consolidating around the $3100 mark. For the week as a whole, despite the volatility and correction, gold was still on track for its fifth consecutive weekly gain due to the initial surge related to tariff concerns. For the coming week Tariff Implications: The market will continue to assess the broader economic implications of the announced tariffs and any potential retaliatory measures. Escalating trade tensions typically support gold as a safe-haven asset. US Economic Data: Key US economic data releases, such as employment figures and inflation data, will be closely watched for their potential impact on Federal Reserve policy and the US dollar, which inversely affects gold prices. Central Bank Rhetoric: Any further comments from central bank officials regarding monetary policy and inflation will be important catalysts for price action. Technical Outlook: Potential for Rebound: Following the sharp correction, there is potential for a technical rebound, with the $3080-$3100 area being a possible initial target. Some analysts see the $3025-$3030 zone as a key demand area for a potential W-shaped recovery. Key Resistance: The $3115-$3125 zone and the recent record high around $3167-$3168 will act as significant resistance levels. Key Support: Support levels to watch include $3050, $3035, and potentially the psychological $3000 mark. A break below $3015-$3020 could increase bearish pressure. Elliott Wave Analysis: Some Elliott Wave analysis suggests a potential further drop towards the $2830-$2574 range if the $3167.80 level holds as critical resistance. Conversely, a break above $3167.80 could lead to further gains towards $3300-$3500. Market Sentiment: Overall market sentiment, particularly regarding risk aversion due to geopolitical or economic uncertainties, will continue to play a crucial role in gold's performance. Trading Strategies: Some analysts suggest looking for buying opportunities on pullbacks, particularly around support zones. Others point to potential shorting opportunities from corrections below the recent high. Waiting for clear price action and confirmation around key levels is generally advised given the recent volatility.
??? Gold news: ➡️ Gold (XAU) continued to decline on Friday, hitting a seven-day low of $3,015 before recovering slightly following a speech by Federal Reserve (Fed) Chair Jerome Powell, who warned that inflation could reaccelerate due to tariffs. XAU/USD is trading at $3,037, down 2.70%. ➡️ Financial markets remain volatile as the trade war between the United States and China intensifies. Additionally, Powell dampened expectations of Fed easing, stating that tariffs could impact the U.S. economy by slowing growth and pushing inflation higher. Personal opinion: ➡️ XAU/USD is under pressure from Powell's hawkish tone. But there are also concerns that Trump's retaliatory tariffs could dampen global economic growth and trigger a U.S. recession. Therefore, it would be prudent to wait for a sharp sell-off before confirming that XAU/USD has topped and positioning for a deeper corrective decline. ➡️ Look at the Strong Technical Zones to Get the Best Profit for You Resistance Zone: 3075 – 3108 - 3133 Support Zone: 3000 - 2953 - 3060 FM wishes you a successful trading Week ???
BTCUSD Forecast and technical analysis H1 Time Frame next move possible. Not financial advice