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XAU/USD: Spot Gold at Record Highs; Overbought?Versus the US dollar, spot gold climbed to a fresh all-time high of US$2,817 last week, though, given current chart studies, it could be due a retracement. The monthly timeframe is knocking on the door of resistance between US$2,923 and US$2,730 (formed by a 1.272% Fibonacci projection ratio and a 100% projection ratio, respectively). Additionally, the RSI recently touched gloves with resistance located in overbought territory at 87.31-82.20. While the uptrend suggests investors will continue to bid gold, a decision point from US$2,428-US$2.290 may be worth pencilling in the watchlist if a long-term correction materialises. What is interesting from a technical perspective on the daily timeframe is that Friday wrapped up in the shape of a shooting star bearish candle after refreshing record highs. Nevertheless, this week will be about support from US$2,790. Countertrend sellers will likely opt for caution at current levels, given support at US$2,790. If price manages to close south of the aforementioned line, this may prompt selling towards demand at US$2,736-US$2,763, closely followed by another layer of support from US$2,715. Conversely, were buyers to defend US$2,790, tripping stops above the shooting star’s upper shadow, refreshing all-time highs, and driving price higher into monthly resistance mentioned above at US$2,923-US$2,730 could all be on the table.
FPMARKETS:XAUUSD
by FPMarkets
Gold Retests ATH – Awaiting the Nonfarm Storm!🌍 Market Overview: Last week, gold reached a new all-time high (ATH) but is now facing strong resistance, aligning with the predicted USD rebound from our previous DXY plan. With the Lunar New Year holidays over, liquidity has returned to the market, bringing more trading opportunities in the Asian and European sessions. USD Strength: Positive U.S. economic data and the Fed’s decision to keep rates unchanged in January continue to support the dollar, creating potential pressure on gold. However, gold’s persistent breakout attempts suggest strong bullish sentiment, with price action still respecting a sustainable parallel upward trend channel from the start of the year. 📊 Key Market Events This Week: Nonfarm Payrolls (Friday): A crucial event that will determine short-term USD momentum, significantly impacting gold price action. Investors will adjust their positions accordingly, increasing volatility. ISM Services PMI (Thursday): This report will provide further insight into U.S. economic activity and could influence USD strength. Technical Market Reaction: Gold remains in an uptrend, but recent reactions at Fibonacci Extension (FE) levels indicate temporary selling pressure at key resistance zones. 📈 Technical Analysis for XAU/USD: Key Support Levels: $2781 - $2777: Immediate support in today’s session. $2770 - $2763: Stronger support for a deeper retracement. Key Resistance Levels: $2801 - $2808: Short-term resistance range for intraday trading. $2830 - $2836: Major resistance zone, critical for trend continuation. 💡 Trading Plan for Today: BUY ZONE: Entry: $2773 - $2771 SL: $2767 TP: $2776 - $2778 - $2782 - $2785 - $2790 - $2795 - ???? SELL ZONE: Entry: $2834 - $2836 SL: $2840 TP: $2830 - $2827 - $2824 - $2820 - $2815 - $2810 ⚠️ Important Notes: Market volatility is still high, and liquidity is returning, which may lead to unpredictable price swings. Caution: Adhere to TP/SL levels strictly to protect capital and avoid overleveraging. 🤔 What’s Your Take? Will gold continue its bullish momentum, or will we see a deeper correction before Nonfarm? 👉 Follow KevinNguyen-SimpleTrade for real-time updates and premium trade setups! 🚀
FXOPEN:XAUUSDShort
by KevinNguyen-SimpleTrade
The world gold market turned down sharplyAsset Strategies International president and CEO Rich Checkan predicts that gold will likely face profit-taking pressure in the short term. However, he still believes that the gold shortage in London, tariff policies from US President Donald Trump and "persistent" inflation will contribute to driving gold prices higher. After central banks announce their interest rate decisions and inflation data, this week the market will turn its attention from there to labor issues, with the December nonfarm payrolls report due. released on Friday. Gold traders will also be interested in a variety of other data expected to influence the market, such as manufacturing and services activity reports, employment numbers, and the Bank's monetary policy decision. UK goods, weekly unemployment claims in the US, and preliminary data on consumer sentiment from the University of Michigan in January.
TVC:GOLDShort
by FalCol_TradingMaster
Xauusd next move after all time high#XAUUSD update | H1 time frame 🙌 - We are observing and concluding that Resistance levels at 2818.00 which was tested 2 times in last week ❗️ - Support Clusters which were formed at 2789.00 ❗️ ● Bearish Scenario : if market able to break the Support Clusters which were at 2789.00 and closed the candle below this region then next point will be 2775 - 2770.00 and if its touched touched that point we will open our buy positions from that point While we can used buy limit also 🙌 ● Bullish Scenario : if market cant break the Support levels we were following expecting that market will again retest the Resistance level which were at 2818.00 🙌
OANDA:XAUUSDShort
by professionaltradersfx
Bullish bounce?COPPER is falling towards the support level which is a pullback support that is slightly above the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 4.1860 Why we like it: There is a pullback support level which is slightly above the 78.6% Fibonacci projection. Stop loss: 4.1137 Why we like it: There is an overlap support level which is slightly above the 71% Fibonacci retracement. Take profit: 4.2958 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:COPPERLong
by VantageMarkets
S&P 500 (March 2025) - End of January AnalysisS&P breaks the two week winning streak, finishing 1% down in rough trading conditions as China’s AI push weights amid bevy of corporate reports. With the news being released by Donald Trump that 25% tariffs will be imposed on Mexico and Canada + 10% for China, this could be seen as a bullish signal for the stock index. But sometimes bullies don’t always get their way and we could be in for a short term retracement targeting the lows of October’s bullish order block @ $5,856 - $5,776
CME_MINI:ESH2025Short
by LegendSince
Will The Price of Oil Rise in February?Will the Price of Oil Increase This Month? Oil traders are watching the charts closely as the market hovers around crucial price levels. With multiple confluences aligning, the question remains: Will the price of oil surge this month, or is a reversal on the horizon? Key Price Levels and Market Structure Currently, crude oil is sitting at a major support zone that has historically acted as a launchpad for bullish momentum. On the flip side, resistance levels above signal potential barriers that could stall upward movement. The market is at a decision point, and traders must be prepared for either scenario. Technical Confluences Supporting a Price Increase Several factors point toward a potential bullish breakout: Previous Support and Resistance: Price is retesting a significant demand zone, which has held strong in past trading sessions. Moving Averages: The 50-day moving average is acting as dynamic support, reinforcing bullish sentiment. Engulfing Candles: Recent price action has shown strong bullish engulfing patterns, indicating buyer interest. Fundamental Catalysts: Supply cuts, geopolitical tensions, and seasonal demand shifts could add fuel to the fire. The Bearish Case: What Could Send Oil Lower? While bullish signs are present, ignoring downside risks would be a mistake. If price fails to hold at key levels, we could see: Break of Support: A drop below crucial levels could trigger panic selling. Diminishing Momentum: If volume doesn’t support a push higher, a pullback is likely. Macroeconomic Factors: Weak demand or unexpected production increases could shift the market downward. How Traders Can Approach This Setup For traders looking to capitalize on the next move, here’s how to stay ahead: Set Alerts: Use TradingView to track price movements at key levels so you don’t miss the breakout or breakdown. Wait for Confirmation: A clear candle close above or below critical areas will provide more certainty before entering trades. Risk Management: No setup is a sure thing—set stop losses accordingly and manage position sizes wisely. Oil is at a make-or-break moment. Whether we see a strong rally or a sharp drop will depend on how price reacts at these crucial levels. What do you think—bullish or bearish? Drop your thoughts in the comments and let’s talk trading!
FX:USOILLong
by TLTurnerTV
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BLACKBULL:XAUUSDLong
by ForexMasters2000
Trading Signals for XAU/USD buy above $2,791 (21 SMA-8/8 Murray)Gold XAU/USD is trading around 2,786 with a bullish bias above the 21 SMA and within the uptrend channel forming since January 13. Gold is expected to reach the psychological level of $2,800 in the next few hours or it could even reach 8/8 Murray around 2,812. The instrument could even break through and reach the weekly resistance located at 2,823. If a technical correction occurs, the gold price is already reached to the good support around 2,7070 which could be seen as an opportunity to re resume buying with a target at 2,812. In case gold falls below 2,770, the outlook could be negative and we could expect a technical correction towards the 21 SMA located at 2,769. Besides, the price could even reach the bottom of uptrend channel around 2,761. The trend remains bullish for gold. Since technically, we see strong buying opportunities, we believe that gold could reach the key level of 2,812 in the coming days. The indicator is showing a positive signal, so we will look for buying opportunities in case there is a technical correction towards 2,780 or even towards 2,769.
FOREXCOM:XAUUSDShort
by CEO-PREMIUM-ANALYSIS
1
Rising Wedge Break Puts January Lows on RadarHang Seng futures have broken out of the rising wedge formed since early January, leaving them vulnerable to downside. Bulls stepped in ahead of the 50DMA earlier today, paring losses, but price action into the close could be key in determining near-term direction. Momentum signals are mixed—RSI (14) has broken its uptrend, but MACD has yet to confirm. A slide into the close could open the door for shorts targeting a retest of the January swing low, with the 50DMA and minor support at 19,430 found in between. A stop above Monday’s high would provide protection. Good luck! DS
HKEX:HSI1!Short
by FOREXcom
Leap Ahead with a Regression Breakout on Crude OilThe Leap Trading Competition: Your Chance to Shine TradingView’s “The Leap” Trading Competition presents a unique opportunity for traders to put their futures trading skills to the test. This competition allows participants to trade select CME Group futures contracts, including Crude Oil (CL) and Micro Crude Oil (MCL), giving traders access to one of the most actively traded commodities in the world. Register and compete in "The Leap" here: TradingView Competition Registration . This article breaks down a structured trade idea using linear regression breakouts, Fibonacci retracements, and UnFilled Orders (UFOs) to identify a long setup in Crude Oil Futures. Hopefully, this structured approach aligns with the competition’s requirements and gives traders a strong trade plan to consider. Best of luck to all participants. Spotting the Opportunity: A Regression Breakout in CL Futures Trend reversals often present strong trading opportunities. One way to detect these shifts is by analyzing linear regression channels—a statistical tool that identifies the general price trend over a set period. In this case, a 4-hour CL chart shows that price has violated the upper boundary of a downward-sloping regression channel, suggesting the potential start of an uptrend. When such a breakout aligns with key Fibonacci retracement levels and existing UnFilled Orders (UFOs), traders may gain a potential extra edge in executing a structured trade plan. The Trade Setup: Combining Fibonacci and a Regression Channel This trade plan incorporates multiple factors to define an entry, stop loss, and target: o Entry Zone: An entry or pullback to the 50%-61.8% Fibonacci retracement area, between 74.60 and 73.14, provides a reasonable long entry. o Stop Loss: Placed below 73.14 to ensure a minimum 3:1 reward-to-risk ratio. o Profit-Taking Strategy: First target at 76.05 (38.2% Fibonacci level) Second target at 77.86 (23.6% Fibonacci level) Final target at 78.71, aligning with a key UFO resistance level This approach locks in profits along the way while allowing traders to capitalize on an extended move toward the final resistance zone. Contract Specifications and Margin Considerations Understanding contract specifications and margin requirements is essential when trading futures. Below are the key details for CL and MCL: o Crude Oil Futures (CL) Contract Details Full contract specs: CL Contract Specifications – CME Group Tick size: 0.01 per barrel ($10 per tick) Margin requirements vary based on market conditions and broker requirements. Currently set around $5,800. o Micro WTI Crude Oil Futures (MCL) Contract Details Full contract specs: MCL Contract Specifications – CME Group Tick size: 0.01 per barrel ($1 per tick) Lower margin requirements for more flexible risk control. Currently set around $580. Choosing between CL and MCL depends on risk tolerance and account size. MCL provides more flexibility for smaller accounts, while CL offers higher liquidity and contract value. Execution and Market Conditions To maximize trade efficiency, conservative traders could wait for a proper price action into the entry zone and confirm the setup using momentum indicators and/or volume trends.   Key Considerations Before Entering Ensure price reaches the 50%-61.8% Fibonacci retracement zone before executing the trade Look for confirmation signals such as increased volume, candlestick formations, or additional support zones Be patient—forcing a trade without confirmation increases risk exposure Final Thoughts This Crude Oil Futures trade setup integrates multiple confluences—a regression breakout, Fibonacci retracements, and UFO resistance—to create a structured trade plan with defined risk management. For traders participating in The Leap Trading Competition, this approach emphasizes disciplined execution, dynamic risk management, and a structured scaling-out strategy, all essential components for long-term success. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
NYMEX:CL1!Education
by traddictiv
2