1-hour price chart of Gold (CFDs on Gold, US$/OZ) : Key Observations: 1. Ascending Channel: The price is moving within an upward-sloping channel, suggesting an uptrend. The upper and lower trendlines are acting as resistance and support, respectively. 2. Breakout Scenario: The chart has annotations showing a possible scenario where the price may break below the channel. A potential breakdown from the channel could signal a bearish move. 3. Support Zone: There is a highlighted horizontal blue zone around the 2,780 level, indicating a key support area. If the price falls, this level may act as a potential buying area or demand zone. 4. Possible Price Action: The price could either break out to the upside for a continuation of the uptrend. Alternatively, a breakdown below the channel could trigger a move towards the 2,780 support level. Conclusion: Bullish Case: If the price breaks above the channel, expect further upside momentum. Bearish Case: A breakdown from the channel could push the price toward 2,780, where further price action will determine the next move.
Gold is trading above EMA200 and EMA50 on the 1-hour timeframe and is in its ascending channel. A correction towards the demand zone will provide us with the next buying opportunity with a good risk-reward ratio. Donald Trump has announced his intention to impose a 25% tariff on imports from Canada and Mexico due to the fentanyl issue, emphasizing that these tariffs will take effect starting Saturday. He also stated that China will eventually have to pay tariffs as well, and that the U.S. is already implementing trade restrictions against Beijing. Trump further asserted that the era of passively watching BRICS nations attempt to distance themselves from the U.S. dollar is over. He declared that these countries must commit to neither creating a new BRICS currency nor supporting any alternative to the powerful U.S. dollar. Otherwise, they will face 100% tariffs and lose access to the thriving American economy. He insisted that BRICS has no chance of replacing the U.S. dollar in global trade, and any country attempting to do so will face severe economic consequences. (Translation continues…) Continuation of the English Translation: Trump’s repeated tariff threats have raised concerns among American consumers and introduced economic risks for the United States. Even the mere discussion of such tariffs can have significant economic effects by influencing consumer behavior. Evidence suggests that many Americans are seriously worried about the potential consequences of these policies. According to a survey conducted by economists from the University of Texas, the University of California, and the University of Chicago, Americans expect substantial tariffs to be imposed on all major trade partners—50% on Chinese imports and 35% on imports from Canada and Europe. Contrary to Trump’s claims, most citizens believe these tariffs will directly impact them by driving up prices. When asked about a hypothetical 20% tariff, half of the respondents stated that the majority of the costs would be passed directly to consumers. Political differences are also evident in the perception of these tariffs. Democrats and Republicans disagree on the extent to which consumers will bear the costs. Democrats estimate that 68% of the tariff burden will fall on consumers, whereas Republicans believe it will be around 41%. Regardless of political stance, the financial strain from these tariffs is expected to be significant, particularly for consumers already weary of inflation. Both the public and economists recognize that tariffs on imports can also raise prices for domestically produced goods. The economic impact of tariffs was clearly demonstrated during Trump’s first term. A study found that the tariffs imposed in 2018 on washing machines from South Korea and China led to a nearly equivalent price increase for washing machines in the U.S.—and even drove up the price of dryers as well. Even if these new tariffs are not implemented, their mere threat can lead to price hikes. Many consumers, anticipating higher costs, are choosing to make purchases in advance. In a survey, 43% of respondents stated that they would buy products before the tariffs take effect to avoid potential price increases.Another survey in January found that 20% of people believed that now was the right time to buy durable goods because prices were likely to rise. Businesses are responding in a similar fashion. Many companies are stockpiling inventory ahead of potential tariff hikes or shifting their supply chains to countries that would not be affected. This behavior has contributed to a surge in exports from China to the U.S., with December marking the second-highest export level on record—at least partly driven by efforts to preempt new tariffs. These strategies, however, come with additional costs, much of which will likely be passed on to consumers. The COVID-19 pandemic provided a clear example of how supply chain disruptions can lead to widespread cost increases. For instance, higher import costs for auto parts eventually resulted in more expensive vehicle repairs and insurance premiums. Stimulating inflation under current economic conditions—even temporarily—would be costly. The Federal Reserve has paused further interest rate cuts, waiting for clearer signs of sustained inflation reduction. Rising prices for key goods, particularly automobiles, halted progress in lowering inflation in the fourth quarter of last year. Additional inflationary pressures caused by tariff expectations could delay the Fed’s next rate cut and keep interest rates elevated for an extended period. The uncertainty surrounding future tariffs reinforces the Fed’s cautious stance. Inflation is not the only concern stemming from tariff threats. A third of survey respondents indicated that the likelihood of widespread tariffs would lead them to cut spending and increase savings. The greater the uncertainty surrounding trade policy, the stronger the incentive for precautionary savings. American consumers have been the driving force behind the nation’s economic recovery. However, the recent wave of tariff threats has created deep concerns, potentially putting the U.S. economy—widely regarded as one of the strongest in the world—at risk.
GOLD is in an ascending channel between the trend lines. The price is moving from the upper boundary of the channel and dynamic resistance. The chart has formed a harmonic pattern. We expect a correction. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Summary and possible scenarios for Friday, January 31: 1. The price is currently in an upward trend within the long-term time frame, aiming for 3000. It has encountered the first resistance range (2795 - 2800). The 2783 level is a good support level for Friday. If a further correction occurs, the strong support levels are at 2771 and 2765.There are expectation is for a reversal from these support levels towards the target of 2830. 2. If the 2795 - 2800 range is broken, there is a possibility of an upward move to 2830.
Buddy'S dear friend ? SMC Trading Signals Update ??️ crypto Traders SMC-Trading Point update you on New technical analysis setup for crypto BTC USDT trade BTC USD take breakout of bearish trand channel ? ? I see it holding up trand bullish trade 109k I'm expecting a successfully breakout one said that entry Short or bull ? trand Key Resistance level 106602 + 107124 + 109649 Key Support level 103838 - 100231 Mr SMC Trading point Pales support boost ? analysis follow)
FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains https://www.tradingview.com/x/Ma1YfkLx/ Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps. Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level. Resistance levels: 2798.5, 2800, 2810-15 Support levels: 2790, 2785, 0.5 fibo In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news. Regards R. Linda!
RVNL, fine the levels on chart. green line is our entry point and red line is our SL. DISCLAIMER : I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
☕️ A cool trend continuation pattern - a “cup with a handle” is drawn on the #TAO chart An interesting description of the project in the direction of AI development, cute tokenomics - only 21 million coins in circulation ( CRYPTOCAP:BTC says hello) Let's try to buy a #Bittensor coin for our investment portfolio and copytrading. ? The price of OKX:TAOUSDT.P should not fall below $380-390. ✔️ Well, the goals for long-term growth are modest for some, and grandiose for others!) - $1800 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Nobody knows how high we'll go or when it'll get there, but there are indicators that WILL tell you when the top is IN for this cycle. Don't be left holding the bag.
Although #ARB overall technical outlook is not favorable and a bit forced, a bullish scenario is valid as long as it holds above $0.46 (the stop-loss). Breaking it invalidates this idea. Passing $0.95 confirms going higher, with the first possible target around ~$1.90 (supply zone). #Arbitrum