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Gold's Crucial Test: Break Below $2930 for a Bearish Shift? hello guys! as I published before: the downward movement didn't happen as I expected! in return the top line of pattern breakout! if this candle close lower than $2930.24 area then this scenario will happen! 1-Triangle Formation with Key Level at $2930.24 Gold is consolidating within a triangle pattern, with the top line acting as resistance and the bottom line as support. $2930.24 is the key level to watch. If the price closes below this level, it could signal a breakdown from the triangle. 2-Support Areas to Watch: If the breakdown happens, the first support area near $2923 will be tested. A further drop could lead to the next support area around $2899. 3-Bearish Scenario: A close below $2930.24 would suggest a shift in momentum, likely leading to a deeper correction and testing the support levels below. Conclusion: If Gold fails to hold above $2930.24, expect a bearish move with the potential for further declines to $2899. Watch this level closely for confirmation!
OANDA:XAUUSD
by melikatrader94
5
GOLD Approaching New Highs | Will It Hit $3000 Soon?GOLD Analysis | February 20, 2025 Gold continues its strong uptrend, pushing above the ATH and confirming its bullish momentum as we mentioned before. The price is currently trading around 2951, holding above the pivot line of 2935, indicating stability within the breakout structure. Bullish Scenario: As long as 2935 holds as support, the price is expected to continue its movement toward the resistance zone of 2956 - 2975. A strong breakout above 2975 could signal further bullish momentum, with the next key target around 3000. Bearish Scenario: A rejection from the ATH could lead to a retest of 2935 and 2918. If a 4H candle closes below 2918, this may trigger a correction toward 2873 before any potential rebound. 📌 Key Levels: 🔹 Pivot Point: 2956 🔹 Resistance Levels: 2975, 2985, 3000 🔹 Support Levels: 2935, 2918, 2873 💬 Will Gold sustain its momentum and reach new highs, or is a correction coming? Drop your thoughts below! 👇🔥
OANDA:XAUUSDLong
by SroshMayi
GOLD Is Going Up! Buy! Take a look at our analysis for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,953.88. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,994.97 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
FOREXCOM:XAUUSDLong
by SignalProvider
1
XAGUSD - How far will silver go?!Silver is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. If we see a correction, we can re-enter the silver purchase and accompany it to the ceiling of the ascending channel. Then we can sell within the specified supply zone with an appropriate reward for risk. In recent weeks, analysts have warned investors that gold prices breaking strongly above $2,800 suggest an overbought market.Therefore, it is not surprising to see some profit-taking finally occurring, especially since gold prices have surged by more than 11% since the beginning of the year. In contrast, silver has been notably underwhelming. Despite having strong bullish fundamentals, it has not experienced price increases on par with gold. Moreover, silver is more unpredictable, as its volatility is twice that of gold. In recent days, U.S. President Donald Trump has taken bold steps in trade and foreign relations. On Tuesday night, he announced plans to impose a 25% tariff on imported cars, pharmaceuticals, and semiconductor chips. This decision comes at a time when global markets are grappling with heightened uncertainties, while hopes remain for an end to the Ukraine conflict. A 25% tariff on imported cars could significantly impact the global automotive industry, which has already been facing challenges. Trump has long criticized what he perceives as “unfair treatment” of American car exports in foreign markets. For instance, the European Union imposes a 10% tariff on imported cars—four times higher than the 2.5% tariff the U.S. levies on passenger vehicles. Similar tariffs are planned for pharmaceuticals and semiconductor chips, starting at 25% and set to increase significantly next year. However, Trump did not specify an exact timeline for implementation, stating that he wants to give pharmaceutical companies and chip manufacturers time to establish production facilities in the U.S. to avoid these tariffs. Beyond their immediate impact on specific industries, these tariffs could have long-term repercussions, such as higher business costs and rising prices for consumers. Trump also indicated that he expects major corporations to invest more in the U.S. soon, although he did not provide further details. Amid these trade developments, Trump has initiated negotiations with Russia, signaling a potential shift in diplomatic relations between the two nations. On Tuesday, senior officials from both countries took steps toward rebuilding ties, agreeing to collaborate on ending the Ukraine conflict, increasing financial investments, and restoring diplomatic relations. This meeting marks a significant shift following three years of U.S. efforts to isolate Moscow. Meanwhile, a massive influx of gold and silver has entered the U.S., as major banks and market players hedge against potential tariff threats. This surge in demand has driven up gold and silver prices, creating notable premiums in North American markets. However, a research firm argues that concerns over tariffs may be exaggerated. In a report by BCA Research, commodity analysts revealed they had taken a short position in silver as a contrarian play against tariff fears. They stated, “There is a strong likelihood that the U.S. will not impose import tariffs on gold, silver, platinum, or copper. There is no compelling economic or political motivation for the U.S. to take such action.” They added, “Since the recent surge in precious metal prices has been driven by tariff concerns, investors may react negatively to these price increases.” BCA also noted that if the U.S. were to impose tariffs on gold and silver, they would likely be introduced alongside steel and aluminum tariffs. Analysts concluded, “The silver market is relatively shallow and less liquid, making it more vulnerable to short-term price declines than gold. However, any short-term weakness presents an attractive opportunity for cyclical and structural positioning in this precious metal.”
OANDA:XAGUSD
by Ali_PSND
WTI - Will oil return to the upward trajectory?!WTI oil is located between EMA200 and EMA50 on the 4-hour timeframe and is moving in its medium-term descending channel. In case of a downward correction towards the support area, the next opportunity to buy oil with a reward at a reasonable risk will be provided to us. A valid break of the drawn downtrend line will pave the way for oil to reach the drawn areas. Goldman Sachs has stated that even if hostilities in Ukraine cease and sanctions are eased, Russia’s oil exports are unlikely to see a significant increase. The bank believes that Russia’s crude oil production will remain capped at 9 million barrels per day, not primarily due to sanctions, but rather because of the country’s commitments under the OPEC+ agreement. OPEC+, which is responsible for nearly half of the world’s oil production, has decided to delay its planned production increase, which was originally scheduled between April and July. Meanwhile, Trump has announced that additional negotiations with Russia are set to take place in an effort to bring an end to the war in Ukraine—an event that could impact the outlook of global energy markets. Russia remains one of the key oil suppliers worldwide and plays a significant role in price fluctuations. Goldman Sachs predicts that the price of Brent crude will rise to $79 per barrel by the end of this month, while it is currently trading at around $76 per barrel. Ukrainian President Volodymyr Zelensky stated that the United States has, in some ways, helped Vladimir Putin break out of his isolation. He emphasized that Trump’s team must gain a better understanding of Ukraine’s actual situation and made it clear that he has no intention of “selling” his country. Zelensky also highlighted the strength and resilience of the Ukrainian military and added that Trump’s envoy should ask ordinary Ukrainians how they perceive him following his recent statements. Meanwhile, Vladimir Putin announced that the rapid reconstruction of the Caspian Pipeline is not feasible. He explained that Western-made equipment used in the Caspian Pipeline Consortium has sustained severe damage due to recent attacks. Putin emphasized that the restoration of this pipeline would not be completed swiftly, as critical components rely on Western technology and have been significantly impaired. The pipeline, which transports Kazakh oil to global markets, has experienced a 30-40% reduction in oil flow following a drone attack on one of its pumping stations in southern Russia. This reduction equates to approximately 380,000 barrels per day (bpd). This development was not entirely unexpected, as Russian Deputy Prime Minister Alexander Novak had previously stated that repairs to the pipeline could take several months.
TVC:USOILLong
by Ali_PSND
1
GOLD's rise has been steady, limited by its all-time peakDuring the Asian trading session, OANDA:XAUUSD spot delivery at about 2,930 USD/ounce; Yesterday the price of gold skyrocketed to 36USSD. On this trading day, the Federal Reserve meeting minutes are expected to cause major volatility in the gold market. On Tuesday, as US President Trump's tariff plan sparked market concerns about US economic growth, funds poured into the gold market in search of a safe haven. Spot gold closed up 36.28 USD, equivalent to 1.25%, at 2,934.87 USD/ounce. The Federal Reserve will release the minutes of its January monetary policy meeting at 02:00 Hanoi time on Thursday. The market expects more information from the minutes on how decision-makers assess the risks of a global trade war that could be triggered by Trump's tariff policy. Last week's data showed the US consumer price index (CPI) rose at its fastest pace in nearly 18 months in January, reinforcing the Federal Reserve's stance that it is in no rush to cut interest rates. The minutes will be closely scrutinized for clues about the Fed's path forward, especially in light of recent data showing solid price growth, weak consumer sentiment and weaker-than-expected retail sales. If the Fed meeting minutes have a tough stance, the US Dollar could be boosted, which would put gold prices at risk of falling. And vice versa, if the minutes show the possibility that the Fed will continue with its goal of cutting interest rates, the USD will weaken and create room for gold prices to increase. CME Group's FedWatch tool now shows that the market actually sees no chance of a rate cut in March and about a 20% chance of a 25 basis point cut in May. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold's gains were temporarily halted by its all-time high but the technical outlook remains overwhelmingly bullish. The technical structure remains unchanged with the price channel as the main trend and main support by EMA21. As long as gold remains within the price channel, above EMA21, pullbacks should only be considered short-term corrections without changing the trend, and should be seen as a buying opportunity. On the other hand, the Relative Strength Index has not really sent out any reliable signals for a possible downward correction. To summarize, the intraday technical outlook for gold is bullish, notable positions will be listed as follows. Support: 2,911 – 2,900 – 2,881USD Resistance: 2,942USD SELL XAUUSD PRICE 2951 - 2949⚡️ ↠↠ Stoploss 2955 →Take Profit 1 2943 ↨ →Take Profit 2 2937 BUY XAUUSD PRICE 2904 - 2906⚡️ ↠↠ Stoploss 2900 →Take Profit 1 2912 ↨ →Take Profit 2 2918
OANDA:XAUUSD
by Xayah_trading
2
GOLD MARKET ANALYSIS AND COMMENTARY - [Feb 17 - Feb 21]OANDA:XAUUSD have leveled off after a series of record increases, ending the week below 2,900 USD/oz due to strong profit-taking activities. The main reason is that geopolitical tensions in Eastern Europe have eased, reducing the need for safe havens. President Donald Trump had a phone call with Russian President Vladimir Putin about ending hostilities in Ukraine and suspending tariffs until a review is completed in April 2025. Gold prices may continue to adjust in the short term, but in the long term, safe haven demand due to economic instability and trade war will push prices up. In addition, central banks stepped up gold purchases, with more than 1,000 tons in 2024 - much higher than the average level in the 2010-2021 period, contributing to supporting the rise of gold. China launched a pilot project allowing 10 insurance companies to invest up to 1% of assets in gold. It is forecast that these companies can buy up to 28 billion USD of gold (about 300 tons), accounting for 6.5% of annual physical gold demand, contributing to boosting the market. SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK: Tuesday: Empire State Manufacturing Index (economic index measuring business conditions of the manufacturing industry in New York state, USA. This index is announced monthly by the US Federal Reserve (FED) New York branch, based on a survey of manufacturers in the region). Wednesday: US housing data (New homes and construction permits), FED meeting minutes. Thursday: US Weekly Jobless Claims, Philadelphia Fed Manufacturing Survey. Friday: S&P Flash PMI, US Existing Home Sales 📌Technically, on chart D1, after surpassing the peak at 2790, the gold price increased another 150 and tends to adjust again. Currently, the support level to pay attention to is around the dynamic resistance level as well as the hard resistance level at 2790, while the resistance level is set around 2942. Next week, if the gold price maintains the trading level above the 2800 threshold, it is expected that the momentum will increase to set a new record high price. In case the price declines and adjusts too deeply, there is a risk that the gold price will be subject to downward selling pressure. Notable technical levels are listed below. Support: 2,881 – 2,857USD Resistance: 2,900 – 2,942USD SELL XAUUSD PRICE 2951 - 2949⚡️ ↠↠ Stoploss 2955 BUY XAUUSD PRICE 2789 - 2791⚡️ ↠↠ Stoploss 2785
OANDA:XAUUSD
by Xayah_trading
1
Hellena | GOLD (4H): LONG to area of 2972.207.Colleagues, if you look at this upward movement, what can you say? Of course the lower order wave “3” continued and updated its top. This means that we can expect 2 variants of events: 1) Price will continue the development of wave “3”. 2) Wave “4” will make a correction and then wave “5” will start. The target is the area of 2972.207. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
13
XAU/USD Short Trade Setup – Bearish Rejection from ResistanceGold is showing **signs of weakness** near the **$2,903 - $2,863** resistance zone, which aligns with the Fibonacci retracement and previous price action. This setup favors a short position, aiming for a deeper retracement. ### 🔹 **Trade Setup:** - **📍 Entry:** Around **$2,903 - $2,863**, key resistance levels. - **🛑 Stop Loss:** Above **$2,942**, to avoid false breakouts. - **🎯 Take Profit Targets:** - **First TP:** **$2,843** (early support zone) - **Second TP:** **$2,824** (-0.5 Fibonacci level) - **Extended TP:** **$2,785** (-1 Fibonacci level for a deeper correction) ### 📊 **Trade Rationale:** ✅ **Key Resistance Zone:** Price is struggling around $2,903 - $2,863, suggesting a potential reversal. ✅ **Fibonacci & Market Structure:** The setup aligns with key retracement levels and past support zones. ✅ **Bearish Confirmation Needed:** Watching for rejection wicks or lower timeframe breakdowns before full commitment. ### ⚠️ **Risk Management:** - If price **breaks above $2,942** with strong momentum, I will **exit** the trade. - Monitoring **volume and candlestick patterns** for additional bearish confirmation. Let’s see how this setup unfolds! 🚀📉 Would you adjust any levels, or does this match your plan? 🤔
TVC:GOLDShort
by me22_
Roughly another $50 and we are at $3000The recent performance of TVC:GOLD has been spectacular. It seems, the precious metal can't find a ceiling. MARKETSCOM:GOLD has a good chance of travelling towards the psychological 3000 mark. Let's dig in! 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:GOLD
by Marketscom
Gas Prices Catch Fire: 25-Month High Reached Amid Winter's FuryNatural gas futures have reached a 25-month high, marking a significant price increase. This surge is attributed to two primary factors: 1. Cold Weather: Unusually cold temperatures in key regions have increased demand for natural gas, as it is a primary source of heating. 2. Supply Disruptions: Issues in natural gas production or distribution have tightened supply, further driving up prices. ◉ Technical Observations ● After breaking out of the Inverted Head & Shoulders pattern, the price soared to $4.350. ● Subsequently, the price faced a significant pullback to around the $3.30 mark. ● However, the price rebounded from this point and is now at a 25-month high, with expectations for continued growth.
OANDA:NATGASUSDLong
by NaranjCapital
USDCHF Bullish Flag: Breakout Targeting 0.94000USDCHF is currently trading at 0.90200, with a bullish flag pattern forming, signaling a potential breakout toward the 0.94000 target. The bullish flag is a continuation pattern that typically follows a strong upward move, followed by a period of consolidation before the next leg higher. If the price successfully breaks above the flag’s upper trendline, it could trigger a bullish wave, pushing USDCHF toward its next resistance levels. From a technical perspective, the flag’s consolidation phase suggests temporary indecision in the market. However, as long as the price remains above key support levels and breaks out with strong volume, the bullish momentum is likely to continue. A confirmed breakout above the resistance could provide an entry opportunity for traders aiming for the 0.94000 target. Fundamentally, the US dollar remains supported by the Federal Reserve’s cautious stance on interest rate cuts. Recent economic data from the US, including inflation figures and labor market strength, have kept the dollar strong against the Swiss franc. Meanwhile, the Swiss National Bank (SNB) maintains a relatively dovish stance, which could further weaken CHF and support the bullish case for USDCHF. In summary, USDCHF is forming a bullish flag pattern, awaiting a breakout for further upside movement. A strong breakout above the resistance level could trigger a rally toward 0.94000, supported by both technical and fundamental factors. Traders should closely monitor price action and key economic events to confirm the bullish continuation.
Long
by AndrewsMarket-Mastery
Gold Analysis GOLD Analysis and Trade Setup Gold is currently testing a historically significant resistance level that has repeatedly acted as a barrier to price advancement. Given the strength of this resistance zone, it is reasonable to anticipate a potential rejection or pullback. Historically, such levels often prompt a reversal, particularly after a retest of the structure, which could further confirm the resistance's validity. The likelihood of a rejection at this level is supported by the principles of technical analysis, as repeated tests of a resistance level tend to reinforce its significance. In summary, while the current setup suggests a potential pullback from the resistance level, traders should remain cautious and monitor key technical and fundamental factors.
OANDA:XAUUSDShort
by LegendaryTom
GOLD steadies at high levels despite FOMC looks toughDuring the early morning trading session on Thursday (February 20), spot gold prices suddenly increased rapidly in the short term and gold prices stabilized above 2,940 USD/ounce, approaching the historic high set in the previous trading day. Trump just issued another tariff threat On Wednesday evening local time, US President Trump reiterated that he will announce tariffs on cars, semiconductors and pharmaceuticals. “I will announce tariffs next month or sooner on autos, semiconductors, chips, pharmaceuticals, lumber and a number of other items that have a significant impact on the United States,” Trump said. On Tuesday, Trump said he intended to impose tariffs of "about 25%" on autos, along with similar tariffs on imported semiconductors and pharmaceuticals. Earlier this month, the United States announced a 10% tariff on imports from China and a 25% tariff on steel and aluminum. Gold prices hit a record high on Wednesday, but the Fed meeting minutes sent gold prices down a bit Gold prices hit an all-time high in early trading on Wednesday as U.S. President Donald Trump's threat of tariffs rattled investors, but later retreated from record highs as the dollar strengthened following a tough Federal Reserve meeting minutes. "Participants said that, as long as the economy remains near maximum employment, they would like to see inflation progress further before making additional adjustments to the target range of the federal funds rate," minutes of the Federal Open Market Committee's Jan. 28-29 meeting said. Assessment: The meeting minutes highlight the cautious approach of policymakers after they cut interest rates by 100 basis points in the final months of last year. Some officials have said they want to see inflation continue to fall toward the Fed's 2% target before supporting another rate cut. Minutes from the Federal Reserve meeting showed concerns about inflation risks, dampening expectations for interest rate cuts. Gold prices decreased after the Fed meeting minutes, but in general this is not a significant impact because the market is still accepting risks from President Trump. Analysis of technical prospects for OANDA:XAUUSD Technically, gold is up 0.30% on the day, temporarily in front of the 0.382% Fibonacci extension considered the nearest resistance. Once gold breaks above $2,946, it will likely continue to renew its all-time high with a target then around $2,971 in the short term. The intraday technical outlook for gold is bullish, notable positions will be listed as follows. Support: 2,921USD Resistance: 2,942 – 2,971USD SELL XAUUSD PRICE 2971 - 2969⚡️ ↠↠ Stoploss 2975 →Take Profit 1 2963 ↨ →Take Profit 2 2957 BUY XAUUSD PRICE 2909 - 2911⚡️ ↠↠ Stoploss 2905 →Take Profit 1 2917 ↨ →Take Profit 2 2923
OANDA:XAUUSD
by Xayah_trading
XAUUSD M15 I Bearish Drop ?Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 2942.88, which is an overlap resistance. Our take profit will be at 2928.91, a pullback support level. The stop loss will be placed at 2955.79, above the 127.2% Fibonacci extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
1