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Gold Price Volatility #XAUUSD The price of Gold (XAU/USD) experienced significant fluctuations this week, influenced by various market and economic factors. Monday's Surge On Monday, Gold prices reached a new record high above $2,950. This surge was driven by: 1. Upbeat Market Mood: A positive market sentiment at the beginning of the week contributed to Gold's rise. 2. Weak US Dollar: A decline in the value of the US Dollar (USD) made Gold more attractive to investors, leading to increased demand and higher prices. Tuesday's Decline On Tuesday, Gold prices dropped sharply, falling below $2,890. This decline was triggered by: 1. US Tariffs: US President Donald Trump announced that tariffs on imports from Canada and Mexico would go forward as planned. This news led to a rise in the US Dollar, making Gold less attractive. 2. China's Gold Imports: A report by Reuters revealed that China's gold imports via Hong Kong declined significantly in January. This reduction in demand from a major Gold consumer contributed to the price drop. Rebound Later on Tuesday, Gold prices staged a modest recovery, ending the day above $2,900. This rebound was driven by: 1. Decline in US Treasury Bond Yields: A sharp drop in US Treasury bond yields made Gold more attractive to investors, leading to increased demand and higher prices. Key Takeaways The Gold price fluctuations this week were influenced by various factors, including: - US trade policies - China's gold imports - US Treasury bond yields - Monetary policy expectations These factors will likely continue to impact Gold prices in the future.
Last Week : Globex opened above VAH of 6054 - 5933 HTF Range and February RTH Cost basis which gave a hold to start the week to push us into the above Edge but more strength didn't come in, instead we ended up holding under 6074 - 60s and closer to Monday RTH open price failed in the Edge giving us a move into lower Value with a close inside it. Holding under Cost Basis meant weakness for longer term buyers and triggered moves lower all week as they needed to get out closer to month end we got. Lower Edge kept giving bounces back into Value which kept building more supply and when MM Month end came on Thursday we were able to take the stops under 5930 to give us continuation to test lower Value under 5870s. To finish the week we found buying inside lower Value and what I think was end of the Week short covering before the weekend which pushed us back into the Edge in the afternoon, all momentum traders had to do was buy it up under the Edge to push price back inside which triggered stops on the way up to give us end of day squeeze back into above VAL where all the supply was. This Week : We are starting a new Month and things can be tricky to start, we are at interesting locations on Weekly, Daily and Hourly charts with quite a few options going into this week so we really have to be open to different scenarios as things are not as clear as they were last 2 weeks going into Month End. On Daily TF we have showed a failure over Daily Edge Top and at the same time have transitioned into a correction mode under it which gave us the move from Daily Edge into Daily VAH at 987 - 67 and flushed the buyers under it through Daily Mean towards Daily VAL at 846 - 28 without tagging it. End of week covering took us back into Daily VAH but left Daily TF in Correction mode under its MAs. On Weekly TF we had a long consolidation in new Weekly balance over 5950s but we never transacted through the whole balance which means no acceptance in it, instead we built up a lot of Supply inside which at the end of the Month gave us this move back into lower Balance with a strong break and close under smaller MA with price closing right at the top/bottom ( depends which way we look at it ) of Weekly Balance. For now this tells us that we could see more weakness going into this new Month, as long as we hold under Weekly Smaller MA which is around 6010s and don't accept back above Daily VAH of 5987 - 67 then that could bring in continued weakness to rotate lower back towards Daily Mean and possibly test Daily VAL and maybe see a push under it. Holding under the Daily Edge of 6073 - 43 implies continued weakness as well and will continue to target lower Daily areas all the way down into its bottom Daily Edge at 5754 - 24 which has Weak Stops and a Gap to fill under which was made during contract roll. Does not mean we will go there right away or go there at all of course BUT there are lots of things stacked up for more downside so far, of course we have to watch each area for continuation through but if there is still more sell volume to come out then we have to watch out looking for much higher prices from here and instead look for balances with weakness and rotations back down. This week could play out as an inside week with weakness towards the bottom of previous week and IF there will be stronger volume then we could see last weeks lows get taken to give us pushes towards Previous Distribution Balance that we have made back in October which would be next big spot to visit. On the Upside IF buying from Friday sticks and we start holding over 5930 - 40s then need to be careful forcing downside as we could build up enough and bring in more buying to push into above Value again, we do have trapped buyers inside it from last week so it would be a spot to be careful at as we could continue to see selling out of that Value on any pushes into it, for more strength inside that Value we would really need to push through VAL and start holding over 5970 - 90s which would signal stability and could have the price balance inside that Value and of course for anything higher we would need to take out February RTH cost basis above VAH because we have most of the buying from last few months trapped over it.
Despite the current bearish momentum observed in the EUR/CHF currency pair, I believe it's crucial that the price does not trade below the level of 0.92863 before we see a potential bullish reversal. A sustained move above this threshold could signal the beginning of a bullish trend with the potential to breach the three-month buy stop range or the open float positioned around the 0.95177 level. Therefore, I will be closely monitoring the market developments, particularly as we approach Q2 of this year. I'm optimistic about identifying a significant trading opportunity during this period, as it could allow for a well-structured entry point for a long position, paving the way for a robust upward momentum.
Sell Target for XAU/USD Entry Zone: Around 2,858 Target 1: 2,805 (Support level) Target 2: 2,688 (Lower support in the upward channel Trade Plan Summary: The chart indicates a sell-off from the resistance zone. A potential retest at 2,900 before further decline. Key support at 2,805, with a deeper drop to 2,688 if momentum continues. Would you like additional confirmation with indicators (RSI, moving averages, etc.)? ; This is a technical analysis chart for Gold (XAU/USD) on the 4-hour timeframe. Here are some key observations: 1. Uptrend Structure: The chart shows a clear bullish momentum with an upward trendline. A breakout occurred earlier, leading to higher highs. A triangle pattern formed near the resistance zone. 2. Resistance Zone: Price has reached a resistance zone around $2,953 - $2,963. A sell-off happened after the price touched the top. 3. Potential Price Action: A possible retracement is forming, targeting around $2,900 before further movement. If price breaks below $2,900, it could test the $2,805 support level. The overall upward channel remains intact, suggesting potential bullish continuation in the longer term. Would you like a more detailed analysis or trading suggestions based on this?
(Gbpjpy)Alternative (Bullish) Analysis 1. Breakout Above Resistance at 190.070 The chart suggests rejection from 190.070, but if price breaks and holds above this level, it could signal further upside momentum. Instead of a bearish move, price could consolidate above 190.165 and push toward 191.003 or higher. 2. Strong Accumulation in the Support Zone (187.800) The support area at 187.800 has already been tested multiple times, and each time, price has rebounded. This could indicate a strong demand zone, meaning buyers are stepping in aggressively. If buyers push price back to resistance and break through, a new bullish trend may emerge. 3. Liquidity Grab Below 188.000 The previous dip below 188.000 may have been a liquidity grab to stop out weak hands before a bullish reversal. If this assumption holds, price may now aim for higher highs rather than another rejection from resistance. 4. Market Structure Shift Instead of forming a lower high at resistance, a higher low formation could suggest an uptrend. If price finds support around 189.000 instead of dropping to 187.800, a bullish continuation pattern would be confirmed
Final liquidity run rapidly approaching as we come off news of strategic reserve! Ensure LIMIT buy orders are placed at .50 area or just below to ensure they get filled. Just below the last big wick on daily/4hr tf. This news will be manipulated once again to trap over-leveraged bulls & then bears imo. Perfect opportunity to enter cheap once again & then ride it to 20-50$ buy cycle targets over upcoming months.
while I believe we may turn into a bit of a bearish market, I also know that I know nothing and will be on the lookout for price action to tell the story
QQQ has formed a double top, a classic bearish reversal pattern indicating potential trend exhaustion. The price has broken below the neckline, confirming the pattern and signaling further downside. If selling pressure continues, we could see a move toward the target zone. This breakdown suggests that bulls are losing momentum, and unless QQQ can reclaim the neckline, the bearish bias remains intact. However, false breakdowns can occur, so it's important to watch for a potential retest of the neckline before further downside. ? Key Levels: ? Entry: Breakdown confirmation below support ? Stop Loss: 524.65 ? (Invalidation level if price reclaims this zone) ? Target: 458.59 ✅ (Measured move from the pattern) ? Watch for: ? A retest of the neckline as resistance ? Increased volume confirming the breakdown ? Possible continuation if sellers remain in control This setup presents a strong risk-to-reward opportunity for bears, but staying cautious of any reversals is key.
Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!