FX:XAUUSD in a rally. Running into a train that is already in motion is prohibited due to the lack of ability to calculate risks. Ahead of the news, a correction is possible, which will allow us to find a place to trade https://www.tradingview.com/chart/XAUUSD/58E5i5oV-GOLD-Consolidation-before-the-news-What-to-expect/ Gold continues to update an all-time high on the back of expectations of retail sales in the US and the speech of Fed chief Powell. Price growth was supported by strong data from China, increased demand for “protective assets” due to geopolitical tensions and trade risks between the U.S. and China. Additional support was provided by forecasts of gold price growth from ANZ to $3,600 by the end of the year Technically, the psychological zones of interest 3325 - 3350 are ahead, from which a correction may form. The ideal scenario is to wait for a correction to local or intermediate support levels and only there look for an entry point. Resistance levels: 3318, 3335, 3350 Support levels: 3275, 3265, 3244 On the background of a strong bull market it is worth using as a productive strategy to trade on the breakdown of resistance in order to continue growth, but in this case we need to wait for consolidation, we do not have it. Or wait for correction, support retest and only then consider buying. Regards R. Linda!
Levels marked on the chart using my free indicator which marks out all of the ICT key levels which can be used for potential POIs where price might react
We are approaching 1.33-34 for possible shorts on this pair. There is plenty of room bellow.
Key levels marked by using low volume nodes for potential key levels where we may see price react.
FX:EURUSD EURUSD gave us a brake to the downside yesterday, which the daily candle close below Monday low indicating a downward move, price went for Tuesday high we expecting more lower price action to Friday low and extend into the weekly range fig 0.705 level which we have a FVG marked out. Now we tagged in lets watch and wait. PLAN THE TRADE AND TRADE THE PLAN
I've adjusted my previous chart on LVMH. I am still waiting for a reaction at the 0.786 Fib. Nothing good happens under the 200 week moving average, so there's no rush to buy this stock. Let's wait to see how the tariffs affect the bottom line and LVMH plans to save it's US business. The Asia segment remains extremely weak too. Not financial advice.
I am looking to buy USDCAD from the london zone highlighted on my chart, if i dont find a reversal pattern, i will wait for price to drop to the NY zone i mapped out and look for reversals/by opportunity from there.... My major reversal patterns are doube bottom, divergence, or any other reversal candle stick. Good luck
Spot gold ended yesterday’s trading with a 0.6% increase, closing at 3231, and continued its upward momentum this morning, reaching a new all-time high at 3292. As the U.S. imposed a ban on the sale of Nvidia chips to China, global markets are seeing declines this morning. Additionally, Trump’s proposal to impose tariffs on precious metals has intensified the trade war, further boosting demand for safe-haven assets like gold. If the 3300 level is breached, the next target may be around 3330. On the downside, the levels of 3245 and 3227 serve as important technical support areas.
We are approaching some short term supply area and there could be some interesting setups around $33-34. We will see.
Saxo has announced the launch of a new Flexible Investment and Savings Account (ISA) following a 591% increase in demand for its Stocks and Shares ISA in January and February 2025 compared to the same period last year. The company reported a rise in new clients seeking to use their ISA allowance amid continued volatility […]