Gold Futures Hit Record for Fifth Consecutive Session on Safe-Haven Demand Gold futures surged to a fresh all-time high (ATH) for the fifth consecutive session amid ongoing geopolitical uncertainty. Gold Technical Analysis The price recorded a new ATH at 2877 per ounce and continues to maintain bullish momentum, as we highlighted yesterday from 2833. Today, a potential retest of 2857 is possible before another upward push. However, if 2857 is broken, the price may decline further toward 2839. On the other hand, if a 4-hour candle closes above 2870, the price is likely to rise toward 2895 and 2918. Key Levels Pivot Point: 2870 Resistance Levels: 2895, 2918, 2937 Support Levels: 2854, 2839, 2823 Trend Outlook Bullish above 2870 Movement Range: 2870 – 2839 Bearish if the price breaks below 2855 previous idea: https://www.tradingview.com/chart/XAUUSD/6MySg1Ix-Safe-Haven-Demand-Surges-Amid-Trade-Tensions-Retest-or-Cont/
Price was in a strong downtrend, however the descending trendline is broken successfully which indicates that bulls are assuming control of the price action. Moreover, there is also divergence on weekly and daily time frames which further indicates that the price has bottomed out. Price has also given a breakout above alligator. Targets are mentioned on the chart.
traders here's my New idea, what you think on it share your thoughts in comment section In My Personal Analysis Of 2-hour Time Frame Price Movement of gold Gold 2876 has reached its strongest level but there is still an upward trend he is constantly breaking his barrier and the MA cross is also giving us an upward signal We can only consider buying XAUUSD if it touches 2854 XAUUSD Buy Entry Point: 2854 Target: 2900 Target: 2925 Stop loss: 2835
Bias : Bullish Bias. Looking at retracement before entry to take a long position if the Fair value gap holds. Just posting on my bias as part of my trading journal effort. Cheers. More detail and content to come
AMEX:SPY February 5, 2025 15 Minutes. Moving averages have converged. Need to hold 598 today. For the fall 609*.18 to 595.5 NYSE:SPR has retraced 61.8% to 602 levels yesterday. Hence a pull back. AMEX:SPY forming HH Hl pattern. Long bars have sorted out. Above 602.5 we have a target 604-605 levels. If 597 is broken 595 will be support as of now which is 61.8% retracement for the last rise from 590.5 to 602.31.
Google traded higher into earnings only to have a decent pullback afterhours. Its trading into support which in my opinion is a decent buying opportunity. AMD also sold off below 110 and has finally reached a measured move from the start of its sell off last summer.
In water utilities we are seeing a possible bottom and that is indicative of the Anti pattern which is a reversal pattern. Catching this pullback can keep us in this trade for a longer period of time. The healthcare industry is showing a lot of strength on many different charts. NASDAQ:INGN is just one of many but, it is my favorite setup today.
Self evident updated chart Needs a big red candle to wipe out the bulls and get rid of the bears Poss as deep as 73k most likely 76/77k to the neckline of the IH&S pattern. Assuming the pattern is valid so as not to invalidate it.
Market Structure Analysis * SPY is consolidating near the $599-$600 level after a recent bounce off the $590 support zone. This indicates a short-term range between $595 and $601. * The MACD is flat and slightly bullish, suggesting indecision but with a potential upward momentum if buyers sustain pressure above $600. * The Stochastic RSI is near the overbought zone, signaling caution for potential pullbacks or consolidation. GEX (Gamma Exposure) Insights https://www.tradingview.com/x/HI9jdJQT/ * Put Wall: Significant put support at $590, indicating strong downside protection. * Call Resistance: Notable resistance at $610 and $615, suggesting a challenging path for SPY to break above these levels in the current session. * Gamma Bias: With 71.8% puts, the market sentiment leans bearish, but the strong gamma support at $590 suggests limited downside. Directional Bias * The GEX data and technical levels indicate a neutral-to-slightly-bullish bias as long as SPY holds above $595. If the price breaks below this level, expect increased bearish momentum. Trading Suggestions 1. Call Option Strategy: * Buy a 7 DTE call option if SPY breaks above $601 with strong volume. * Entry: Above $601 * Target: $605-$610 * Stop-Loss: Below $599 2. Put Option Strategy: * Buy a put option if SPY breaks below $595 with increased selling volume. * Entry: Below $595 * Target: $590-$585 * Stop-Loss: Above $597 Key Levels to Watch * Resistance Levels: $601, $605, $610 * Support Levels: $595, $590, $580 Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your research, manage your risk, and consult a financial advisor before trading. The GEX indicator updates every 15 minutes; check real-time data for informed decision-making.
I expect movements that give indications of a reversal in the rise of gold... Given the world scenario that we are experiencing at the moment, it seems that investors are betting on covering themselves from possible turbulence in the metal... an important area would be 2850 to take into account, after a structural break it could be the signal of the possible reversal that we are waiting for...