Hello traders! Today, we’re going to break down the XAU/USD (Gold) 4-hour chart using a combination of price action and key indicators. Let’s dive straight in and see what’s happening in the markets. 1. Market Structure & Trend Analysis Looking at the bigger picture, Gold has been in a strong uptrend since late January, with a series of higher highs and higher lows. The price has been respecting the 34 EMA (gray line) as dynamic support, but recently, it has dipped below it and tested the 89 EMA (yellow line) – a key area of interest. ? Key observation: The trend remains bullish, but the recent pullback shows signs of short-term weakness. Price action indicates a retest of the 89 EMA, which is acting as a key support zone around $2,899 – $2,900. The 200 EMA (red line) at $2,834 remains a critical long-term support. 2. Key Support & Resistance Levels ? Resistance Levels: $2,928 – $2,930 (Near-term resistance at 34 EMA) → If price breaks above this, it could resume the uptrend. $2,960 (Recent swing high) → The next key upside target. ? Support Levels: $2,899 – $2,900 (89 EMA Support) → Bulls need to defend this level to maintain the trend. $2,835 – $2,840 (200 EMA Support) → A deeper pullback could bring price to this zone. 3. Price Action Insights Now, let’s analyze the candlestick behavior at these key levels: Rejection wick at the 89 EMA → Indicates buyers stepping in. Bearish momentum before the bounce → Suggests profit-taking or early short-sellers. Volume spike on the recent dip → Possible liquidity grab before the next move. ? What this means: If price stays above the 89 EMA and breaks the 34 EMA, we could see a bullish continuation. However, a sustained break below $2,899 might lead to a deeper pullback. 4. Trading Strategy Ideas ✅ Trend-Following Buy Setup (Higher Probability) ? Entry: Look for a bullish confirmation around the 89 EMA ($2,900 zone) ? Stop Loss: Below recent lows ($2,890) ? Target 1: $2,928 – $2,930 (Near-term resistance) ? Target 2: $2,960 (Swing high) ? Confirmation Needed: Bullish engulfing candle or strong push off the 89 EMA. ❌ Short-term Countertrend Sell Setup (Riskier Play) ? Entry: If price rejects the 34 EMA ($2,928 – $2,930) ? Stop Loss: Above recent highs ($2,935) ? Target: $2,900 (89 EMA) ? Key Condition: Need to see a clear rejection candle with strong selling pressure. 5. Final Thoughts & Risk Management Bullish bias remains intact as long as price holds above the 89 EMA ($2,900 zone). A break above $2,930 signals trend continuation. A break below $2,899 could open the door for a deeper correction. Always wait for confirmation and use proper risk management (no overleveraging!). ? Actionable Plan: If price holds above $2,900 and reclaims $2,930, buy the dips with a target of $2,960+. But if it struggles at resistance, be prepared for a pullback! That’s it for today’s analysis. Trade safe and let the market come to you! ? If you found this helpful, don’t forget to stay tuned for more updates!
? ? ? Market-Moving News ?: ??? U.S. Consumer Confidence Dives ?: American consumer confidence fell to 98.3 in February (down from 105.3 in January), The steepest one-month drop since 2021. ??? German GDP Contracts ?: Germany’s economy shrank by 0.2% in Q4 2024 (quarter-on-quarter), confirming a downturn in Europe’s largest economy. Recession concerns in the Eurozone could influence global growth sentiment as exports and industry show signs of weakness. ??? Fed Rate Cut Bets Trimmed ?: Markets are now pricing in only one 25bps rate reduction in 2025 (versus two previously expected), ? Key Data Releases ?: ? Wednesday, Feb 26: ? MBA Mortgage Applications (7:00 ET) ?: Last week’s applications fell -6.6% amid rising interest rates. Traders will watch if lower demand continues, as higher borrowing costs cool the housing market. ? New Home Sales (10:00 ET) ?: Consensus expects around 680K units (vs 698K in December). This Jan report will show if higher mortgage rates are slowing home sales or if housing demand remains resilient to start 2025. ?️ EIA Crude Oil Inventories (10:30 ET) ?️: Last week, inventories rose to about 432.5 million barrels. A larger-than-expected draw could boost oil prices, while a build might ease price pressures (and inflation concerns). ? Fed’s Bostic Speaks (12:00 ET) ?: Markets will monitor his commentary for any hints on monetary policy or growth/inflation views. ? #trading #stockmarket #tomorrow #news #trendtao #charting #technicalanalysis
Short for eurusd is what I’m seeing from this level. Our main trend is down and I’m expecting a continuation down before we reverse back up for the high time frame consolidation.
Price is moving in bullish trend. No bearish divergence is formed. Entry is at retracement at LH.
Based on the M15 chart analysis, the price is falling toward our buy entry level at 148.94, a pullback support. Our take profit is set at 149.53, a pullback resistance that aligns close to the 61.8% fibo retracement. The stop loss is placed at 148.56, a swinglow support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
The issue is we are in a tug of war, and no clear directions at all. The 6-horuly always was positive, even when we were lower at 18.3150 area, and it stayed true to that. Now we are touching cloud resistance, but in fact we are not positive overall as long below 18.6700 which is the longer term resistance right now. Strategy is NEUTRAL range but slight BUY bias.. BUY @ 18.3850 -18.4150 and take profit near 18.5450... but I prefer to stay out of it.
Gold has broken out of its previous sideway range, falling sharply from the $2,950 zone and reaching a low near $2,878. The breakout from the ascending trendline has intensified selling pressure, confirming a bearish shift in momentum. Currently, gold is attempting a slight recovery, trading around $2,919, but it remains vulnerable to further downside moves. If the price fails to reclaim the $2,930 - $2,940 zone, the bearish structure will likely persist, pushing the price towards Target 1 at $2,896 and possibly extending to Target 2 near $2,878. Good luck to you
Based on the H4 chart, the price is approaching our sell entry level at 1.4317, a pullback resistance that aligns with the 23.6% Fibonacci retracement. A rejection at this level could drive prices lower toward our take profit at 1.4241, an overlap support. The stop loss is set at 1.4398, a pullback resistance that aligns with the 38.2% Fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NASDAQ:DJT is soon in my mind to begin the most insane of rallies. This chart for me is as clean as they come! Recent Price Action From the peak of October 2024 to recent days in February 2025 - the stock has seen a ~46% correction, in what is likely the completion of an Elliott Wave 2 correction (in X,Y,Z form). This after a bullish initial Wave 1 formation saw it go beyond even the most bullish of bullish initial price targets, in just 2 weeks flat. Price had prior to that been compressed inside a downwards-pointing wedge pattern (orange lines), since late March 2024. This is one of my most favourite bullish chart patterns. It often leads to explosive price action. After breaking out of the wedge, it is now not-only putting the finishing touches to an Inverse Head & Shoulder pattern (grey text)... but when it does so it will also complete a massive Cup & Handle formation (white arrows). Future Price Targets The initial target (T1) from this move would be $570 (20x) in a very short period. Perhaps even by end of June 2025. This would coincide with the 1.414 fibonacci level. Drawn from its initial introduction to public markets to its peak just weeks later. Thereafter, an extended 5th wave target of $1,020 (43x) could be reached sometime around late November 2025 and January 2026. This coincides with the 1.618 fibonacci level (darker blue T2 line). Price as of today has overshot the 0.382 fibonacci line and back-tested the previously-formed left shoulder. It is likely to find support here on the yellow line. Next Up... Volume has been pitiful of late. Watch it ramp-up again in the next few days, just like we saw in September 2024 when it completed its full retrace. It is my expectation that we will see rest of the markets surprising bears, with a huge reversal before March, perhaps even combined with a significant dollar devaluation. During this time when volume picks-up, a sharp reversal to the upside out of its latest wedge (dark red lines) is possible before the week ends on 28th February. If this occurs, this will likely confirm the end to Wave 2 of 5. If there is any further downside to come, the absolute worst case scenario will likely be ~$18 - coinciding with the 0.238 fib. However this is not expected, just something to be wary of. NASDAQ:DJT from here is ready to begin the most volatile of Elliott Waves, Wave 3. If volume persists, price will be drawn like a magnet to the horizontal sloping trend line in bold white. Possible Elliott Waves Wave 1 - $12 to $55 Wave 2 - $55 to $24 Wave 3 - $30 to $570 Wave 4 - $570 to $175 Wave 5 - $175 to $1,020 Ridiculous targets, right? So what could be the catalyst? With the appointment of Kash Patel, we may now start seeing legal action taken against entities & individuals involved with naked short positioning. NASDAQ:DJT even in it's short history has been a prime target for this since 2022. NASDAQ:DJT may be partially or heavily-involved with the Sovereign Wealth Fund being discussed for the United States. NASDAQ:DJT may also complete the long-rumored acquisition of Bakkt Holdings ( NYSE:BKKT ). Perhaps even obtaining a minority stake in TikTok. Short squeeze, M&A, fraudulent recovery, purchases of ETHUSD or just plain old organic price discovery - you pick your poison. But if you thought you'd seen NASDAQ:DJT reach its peak prior to the elections, be prepared to rethink your views. NASDAQ:DJT has a LOT of room to the upside still from here. Make sure at the very least, you keep this one on your watch-list. ---- Note : This post was originally published on 2nd November 2024 in the lead-up to the election. It was popular but was hidden due to an error on my part including a private indicator. It has now been updated to account for recent price action & timing.
XAUUSD Pivot Point 2920 - If the price is higher than the pivot, open long target TP1 at 2930, TP2 at 2940, and cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 2906, TP2 at 2896, cut loss if the price is higher than the pivot. *** Please money management***