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Technical Analysis

XAUUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing great. Let me share my personal view on XAUUSD (Gold) with you. Based on what I see on the chart, I expect gold to make a small pullback to the 2760–2763 zone. From there, it might push higher, aiming for new all-time highs. However, if 2735.67 is broken, I anticipate a further decline. 📈 Expectation: Bullish Scenario: A pullback to 2760–2763 followed by a rally targeting: 1️⃣ 2,800 (Psychological Level) 2️⃣ 2,825 (Psychological Level) 3️⃣ 2,850 (Psychological Level) Bearish Scenario: A break below 2735.67 may lead to further downside movement. 💡 Key Levels to Watch: Resistance Levels: 2800 / 2825 / 2850 Support Level: 2735.67 💬 What’s your perspective on XAU/USD ? Share your analysis in the comments! Trade safe
FX:XAUUSDLong
by PouyanTradeFX
Nightly $SPX / $SPY Predictions for 1.24.2024🔮 📅 Fri Jan 24 ⏰ 8:30am 📊 Core PCE Price Index m/m: 0.1% 📊 Employment Cost Index q/q: 0.8% ⏰ 9:45am 📊 Chicago PMI: 36.9 💡 Market Insights: 📈 GAP ABOVE HPZ: A further gap up would lead to it holding for a little, then dropping back down into the EEZ. 📊 OPEN WITHIN EEZ: Trump mentioned he will try to lower the rates. Let’s see how the markets adjust to it, but definitely expecting a little more bullishness to the upside. 📉 GAP BELOW HCZ: A large recovery will allow the markets to tag the red lines before closing slightly lower below the weekly HPZ. #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SP:SPXLong
by PogChan
GOLD DAILY CHART MID/LONG TERM UPDATEHello Everyone, Here’s the latest update on the daily chart we’ve been tracking and trading, providing an overview of the current range. On the daily timeframe, there’s a strong resistance level at 2790, which may cause a rejection. Below this resistance, there is a Fair Value Gap (FVG) at 2740, which could provide support and help the price hold above. To simplify your trades, we’ve included entry levels and take profit (TP) targets (TP1, TP2, TP3) aligned with the EMA5. The EMA5 crossing and holding above these weighted levels will determine the subsequent targets. Key Update: EMA5 lock is now in place, providing additional confirmation for the gap. Strategy Highlights: ENTRY LEVEL: 2744 If a candle closes above this level and EMA5 crosses it for confirmation, we’ll look to enter bullish positions. First Target (TP1): 2804 Apply the same strategy to determine TP2 and TP3. Rejection Scenario: For ranging markets, focus on smaller timeframes (15M, 1H, 4H, 12H) to buy dips from weighted levels. Target clean 40-60 pips moves, which work well in these conditions while avoiding the risks of long-term swings. Dip-Buying Strategy: Continue buying dips at our support levels, targeting 40–60 pips per trade. Each level structure offers a 40–60 pip bounce, ideal for precise entry and exit points. Monitor the EMA5 crossing and locking above or below the ENTRY LEVEL to confirm the next directional range. Stay focused and trade wisely! TheQuantumTraders
TVC:GOLD
by TheQUANTUMTraders
XAUUSD NEW SIGNALHello everyone Right now market is moving sideways on 30min time frame we can see strong support and resistance We have to wait for it to be break for confirm trade we have two scenarios 1) If candle break and close above our resistance and the next candle breaks its high then we can buy long 2) Or If any candle break and close below our support and the next candle breaks its low then we can sell short Always remember to follow proper money management Risk 10% of your trade GOOD LUCK
OANDA:XAUUSD
by Paw_Trades_Official
2
Pound Awaits Direction Ahead of PMI DataMacro: The pound weakened due to the absence of significant economic data as markets look for new catalysts. Today's movement is expected to align with dollar trends while traders focus on tomorrow's S&P Global PMI releases. UK and US Jan PMI figures are anticipated to show mixed results, with services slowing and manufacturing rebounding. Technical: - GBPUSD failed to break above its resistance of 1.2320/70, coinciding with EMA21. The price is below both EMAs, indicating that downward momentum persists. - If GBPUSD remains below 1.2320, the price could shrink to its next support of 1.1940.  - Conversely, staying above 1.2320/70 may prompt a retest at its nearby resistance 2520. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Short
by DatTong
Gold → A Bear Wedge Pattern is forming. What's Next?OANDA:XAUUSD consolidating above the 2715 level, while simultaneously a bearish wedge pattern maintains the recent upward trend. Theoretically, the price will break the support level, creating a breakout at the 2715 zone. On the H1 timeframe, the support zone of 2715-2715 has formed and price is moving towards reacting at this support area. If buyers maintain this zone, price may retest the upper boundary of the rising channel or the important psychological level of 2748 before further decline. However, a breakthrough below this level will lead to an earlier price drop. Additionally, the USD is also consolidating above the support zone, creating a corresponding reaction in the gold market. Resistance levels: 2738, 2748, 2758 Support levels: 2716, 2703, 2693 I expect a correction following the false break of the 2715 level. Price consolidation below this level will lead to a deeper decline.
OANDA:XAUUSDShort
by Bentradegold
Nightly $SPX / $SPY Predictions for 1.23.2024🔮 📅 Thu Jan 23 🗓️ Day 4 📍 WEF Annual Meetings ⏰ 8:30am 📊 Unemployment Claims: 221K (prev: 217K) ⏰ 11:00am 🎙️ President Trump Speaks 🛢️ Crude Oil Inventories: -0.1M (prev: -2.0M) 💡 Market Insights: 📈 GAP ABOVE HPZ: If we gap up once more, we will break all-time highs. This will be met by a big decline to juice liquidity. 📊 OPEN WITHIN EEZ: Only resistance left, looking for a small pop up into the weekly zone to get a drop back down into the HCZ and HEL. 📉 GAP BELOW HCZ: We will likely get a small bounce, hold, and chop down. #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SP:SPXShort
by PogChan