- Gold prices remain under pressure as stronger-than-expected job data diminished prospects for significant Fed rate cuts, bolstering the dollar. - According to UBS analyst's prediction, gold prices could reach a new record high in 2025 as investors seek safe havens amid anticipated "equity market volatility." - Investors await today's CPI data, which is expected to show persistent inflation. Combined with strong labor market trends, this may support the Fed's high-rate policy, pressuring gold and other non-yielding assets. - XAUUSD remains in a Symmetrical Triangle pattern, highlighting the sideways movement. The price fluctuated around both EMAs. The breakout direction may indicate the next developed trend. - A breakout above the upper bound around the 2700 resistance could signal the beginning of an uptrend, with the next target around 2720. - Conversely, a break below 2610 might trigger a deeper drop toward the 2560 support level.
The chart represents the daily time frame (1D) of Gold Spot/USD (XAUUSD). Here's a breakdown of the key elements and analysis: Key Observations: 1. Zones Highlighted: - Red Zone (Resistance): The area between $2,770 and $2,790 represents a significant supply/resistance zone where price is likely to face selling pressure. - Green Zone (Potential Target Area): Indicates a long position or bullish sentiment aiming for price to reach the upper red zone. 2. Key Levels: - $2,790.00: Likely a critical high or resistance level. - $2,721.61: A notable support or breakout level currently breached to the upside. - $2,606.10 and $2,582.31: Previously identified support levels. - $2,536.79 (BOS - Break of Structure): Indicates a structural low that was broken earlier, signaling bearish momentum, but this has since reversed. 3. Market Structure: - CHOCH (Change of Character): Indicates a shift from bearish to bullish market structure as buyers gained control after breaking through a key resistance. - LQ Sweep (Liquidity Sweep): A move designed to clear liquidity below a certain level, trapping sellers before reversing to the upside. - Double T LQ (Double Top Liquidity): Suggests a zone where liquidity may have been grabbed from stop-loss orders above the highs. 4. Imbalance Filled: - The chart highlights a previous price inefficiency or "imbalance" that has been filled, indicating price efficiency and potential continuation of the trend. 5. Bullish Order Flow: - The market has transitioned into bullish momentum, with higher highs and higher lows forming after the BOS and CHOCH. --- Probable Scenarios: 1. Bullish Continuation: - The price is targeting the resistance zone around $2,770–$2,790. - A breakout above this zone could lead to new highs with potential for strong bullish momentum. 2. Rejection Scenario: - If the price fails to break the resistance zone, it may retrace back to retest lower support levels, such as $2,721 or even $2,606. --- Trading Insights: - Long Bias: Entering after the CHOCH and liquidity sweep suggests the trend is bullish. Holding positions until price reaches the resistance zone is viable, but watch for rejection signals. - Risk Management: Monitor price action around $2,770–$2,790. Set stop-losses below significant support levels like $2,721 to protect against a reversal. --- Let me know if you'd like further insights or a more detailed strategy based on this chart!
GBP/USD Analysis Chart Update Hello! My analysis of the GBP/USD chart reveals a potential selling opportunity. The market is exhibiting a distinct Head and Shoulder pattern, accompanied by a downward trend. Moreover, there is no significant support zone until it reaches the main support area. That's my take. What are your thoughts on GBP/USD? Share your insights in the comments below. Thanks!
After the CPI release, resistance was formed around 1.0307 on the daily chart, with yesterday's close failing to push above this level. Meanwhile, support has been established around 1.0235. On the H4 Chart: - Current resistance is at 1.0344. - Immediate support sits around 1.0291. Possible Scenarios: - Bullish Continuation:If price closes above 1.0302, we could see a push towards the next resistance level at 1.0344 and beyond. - Bearish Breakdown: If the support around 1.0291 is not held, we may see further downside towards 1.0252, and potentially more weakness towards 1.0192. Keep an eye on these levels to assess the next direction.
Shame I didn't publish this two weeks ago when I originally had the idea, nonetheless: Very clear that Chevron will profit massively from Trump.
XAUUSD - Gold seems bearish today and might take low at 2686 & 2666. Rsi making bearish divergence. Best selling zone is between 2710 to 2703
ETHUSD in bearish trend about to hit a trend reversal, entry with a buy stop
As discussed throughout my yesterday's session commentary: "My position: As I announced that Gold is Buying every dip lately, I have engaged Buying order with #2,665.80 entry point throughout yesterday's session and closed it on #2,683.80 few moments ago. I will continue Buying Gold only if #2,692.80 final Resistance gets invalidated and market closes above it. Otherwise, small correction is due however #2,700.80 benchmark remains Short-term Target for Buyers." I have firstly engaged re-Sell order (waiting for mini correction to the downside) pre-CPI expecting same or Higher numbers on the announcement, however numbers missed their estimates and I have closed my re-Sell order with #3-point loss. However, I have engaged Buying order on #2,687.80 and closed my order near #2,700.80 benchmark. I am Highly satisfied as my returns are getting better as sessions go by. Technical analysis: Downtrend sequence on DX is what pushed Gold’s value Higher as well aggressively while the Intra-day semi decline on Gold is what Sellers were expecting. #2,700.80 psychological mark is the next Technical Support on Daily chart and Naturally as long as it holds, the bias is upwards towards the #2,727.80 Resistance in extension (and vice-versa if Resistance is to be tested). If #2,700.80 benchmark gets invalidated, the Sellers will extend their momentum towards the #2,682.80 - #2,692.80 Resistance zone which became symmetrical Support zone (many similarities with April / June Low’s). The Price-action has been in a fierce consolidation (many similarities as well with September #15 Low’s as Gold has completed #4 straight red Weeks which is a historic Long-term signal for Sellers then). Technically, all Bear cycles on Gold have started with a hit on the (#1W) Weekly chart’s #MA200. All previous Bear cycles though touched that level followed with aggressive takedown ahead and if I don't get at least (# -1.00%) drop next week (chances are #87.44% that I will), Gold is more likely to Trade sideways for rest of the January before hitting downside sequence in extension (within #Q1), where by that time Price-action should be closer to #2,600.80 psychological mark (my Long-term Target and possible stabilization zone). Also keep in mind that ceasefire deal has been signed by both sides on Middle East problematic and Gold may dip aggressively anytime. My position: Gold is now Trading comfortably above #2,700.80 benchmark and #2,700.80 remains first Support. As long as it is preserved, Buying pressure will escalate and push Gold towards #2,727.80 Resistance in extension. Trade accordingly.
Margin of Error "Adjusted" on the chart: 9 Years, 4.5 Years and 18 Months ! 1: September 2025 is our early trough 2: 2027 is our late trough 3: Or we are having one right now !
I think the chart is more than obvious and does not need any explanation long till TP on the chart Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.