Analysis of gold market trend next week: Analysis of gold news: Gold prices fell on Friday (January 17), but are still expected to rise for the third consecutive week as US inflation data and dovish comments from Fed officials rekindled hopes that the central bank may cut interest rates multiple times this year. As of press time, spot gold fell 0.32% to $2,702.81 per ounce. So far this week, gold prices have risen by about 0.8%. Inflation data released by the United States earlier this week rekindled market expectations that the Federal Reserve may cut interest rates multiple times this year. It closed higher for three consecutive trading days. Gold rose about 1% this week and hit its highest point since December 12 at $2,724.61 on Thursday. The US dollar index is expected to fall by about 0.5% this week, ending a six-week rally. After the release of US core inflation data on Wednesday, traders began to digest the expectation that there may be two interest 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 has further enhanced the appeal of gold. Technical analysis of gold: I believe that everyone knows the importance of the high point near 2726. The previous two attacks have successfully ushered in a sharp decline, indicating that there is a lot of short pressure. The current attack is blocked again, and the day ushered in a volatile downward trend, breaking the slow bull market this week. In the 4-hour chart, the market has rushed up many times, but the bulls have not strengthened, and the 4-hour price has already jumped outside the upper track of the Bollinger Band, which is a bit overbought. Now that the price is so high, let's not chase high. The high position is a bit blunt and needs to be adjusted and repaired. High-altitude operations can be considered, but the position must be chosen correctly. When the short-term correction is in place, it may be easier to go long than short, but you have to be more careful and don't blindly chase more. Although the overall trend of gold is still upward, the possibility of a correction in the short term is relatively high. However, this small correction will not change the overall situation. Overall, the gold price is still on an upward trend. If the correction continues during the US trading session tonight, I think we can pay attention to the price range of 2690 to 2700 and consider buying on dips. It is unlikely that the gold price will break a new high today. It is more like an adjustment after the rise. Overall, the short-term operation strategy for gold next week is to focus on long positions on corrections and short positions on rebounds. The short-term focus on the upper side is the 2717-2722 resistance line, and the short-term focus on the lower side is the 2690-2685 support line.
The 1st Cypto Inaugural Ball is taking place tonight. This is a huge catalyst for the Crypto market and particularly for Bitcoin. This further confirms that the administration will be crypto friendly. BTC price may smash $110K soon! 2025 will be The Year of Crypto!
Lots of hype in the crypto space, im just trying to make a little jingle. doesn't bother me if its up or down. This elliot wave ABCDE pattern is making me want to bet against the hype. A to C if u copy the line and move it below over B to D it lines up perfect. Each touch of the lines is 7 days. Monday will be 7 days from D to E. Fib retracement from previous high, has a .764% coming in at around 407$. Tag of the upper line on Monday also lines up right around 407$. I give this pattern a high probability of playing out. Should it play out, the targets would be first the lower bound and then 210-250 range.. Risk, if the hype is validated and it blows through the upper bound it will likely either consolidate on top or come back to retest. So, if it blows through the line and hangs out, exit the trade. On a pattern like this you do not want to see it trading very long on top of the trendline if at all.. Entry, it should go all the way to 407$. Looking to enter 402$-406$ short. Lets see how she rides ;)
HBAR hit a key high at $0.3922 but faced rejection, suggesting the formation of a trading range or a potential ABC corrective structure. A developing head and shoulders pattern further signals possible bearish momentum in the short term. Key levels and trade setups: Short Setup: Entry: Around the 0.618 Fibonacci retracement of the current wave Stop Loss: Above the $0.3922 key high Take Profit: Targeting the Fib Retracement 0.382 at $0.34356 R:R: A favorable 5:1 if taken from the 0.618 retracement or 2:1 when entering after losing the dOpen Support Zone: Anchored VWAP, weekly level and Fibonacci speed fan 0.618, depending on timing, align near $0.34356–$0.33284. This confluence provides a robust area for potential price bounces. Long Setup: Entry: Within the support zone, contingent on bullish confirmation Stop Loss: Below the support zone
Although Bitcoin is showing signs of strength, resistance at 108K and upside cap at 105K could lead to a potential pullback. A break below 103K would challenge the current uptrend, and falling volumes during key price levels could further indicate weakness. Traders should remain cautious, especially as Trump takes office next week.
I opened this trade without clearly thinking, inspite of drawing clearly what I charted. So I kinda felt forced left a huge opening, and went super heavy. So the next analisis is what I should´ve done. We see that in a higher time frame we have a clear downtrend; so we are expecting a couple of things. Either this upward move is just a retest of previous lows to se if it continues breaking so we should be careful of the upper lightblue line (a support transformed to resistance after broken). So right now we have an open position with a stoploss at an exact 1:1 RR to see what happens also we are waiting for a low to form a valid trendline going up. For this strategy since it is a 2 Touch point trandline we use a support as confirmatión for the change of trend. We expect to at least hit the higher time frame downtrend. NOW WE WAIT AND SEE WHAT HAPPENS. WE CLOSE IF: 1. It hits and the upper resistance and gets rejected. 2. It hits stoploss at 1:1 RR 3. It breaks our uptrend trendline.
ADA rocket launcher ? Ada already breakout this pattern we can easy say 1.9-2$ soon as possible
Trump Presidency starts on Monday and the regression channel indicates a long bias. BTCUSD is building a new up trend
Hey guys, emotions are hectic as are mine. Been doing some analysis, in all the excitement this is what I have at the moment. 3 Phases in my opinion. I cant get the charts with the same Layout to show three charts on the same layout at the same time! So 0.786 large ABC pattern. 0.618. See if we break this level. I don't think it will. Post later the broader picture.
Looking for BTC to complete a confluence play here at retest 108k area. I believe a Long is like here for a few different reasons. The first on being as mentioned before, the confluence, last time we were are these price levels we ran to $108k+. So I believe confluence is likely here. Next reason being the pending orders. Naturally since the previous high there are some pending long orders to be activated and generally speaking the “institutions” would benefit from orders activating..