Based on the provided chart: ### Key Observations: 1. **Trend**: The price is trading within an upward-sloping channel, indicating a bullish trend on the 2-hour timeframe. 2. **Structure**: - BOS (Break of Structure) and ChoCh (Change of Character) annotations highlight the market respecting structure levels while maintaining its upward trajectory. - Recent formations suggest a continuation of the bullish trend after a corrective phase. 3. **Cup Formation**: A rounded bottom ("cup") pattern is visible, often interpreted as a bullish continuation signal. The breakout above the rim of the cup suggests potential further upside movement. 4. **Targets**: - Immediate resistance lies near the upper boundary of the channel (around 2,700–2,710). - A breakout above the channel may lead to more significant gains. ### Potential Trade Scenarios: 1. **Bullish Scenario**: - Enter on a confirmed breakout of the rounded bottom pattern. - First target: 2,700 (upper channel boundary). - Second target: 2,730 (extension beyond the channel). 2. **Bearish Scenario**: - If the price rejects the upper channel boundary or fails to maintain momentum, expect a pullback toward the midline of the channel, around 2,660–2,670. - In case of a breakdown, key support lies near 2,640–2,650. ### Additional Notes: - Monitor volume on any breakout or rejection for confirmation. - Keep an eye on key economic events or news that might influence gold prices, as these can affect momentum.
XAU-USD Price 2671, becomes today's invalidation level, ⚠️⚠️⚠️ Price above 2671 target increase ?2682,000 ?2689,500 ?2701,000 ⚠️⚠️⚠️ Price below 2671 target decrease ?2664,000 ?2652,000 ?2645,000 Stay Save your MM,
CME_MINI:NQH2025 - PR High: 20977.00 - PR Low: 20938.50 - NZ Spread: 86.0 Key scheduled economic events: 08:30 | CPI (Core|YoY|MoM) 10:30 | Crude Oil Inventories Previous session printed volatile swings raising emotional value of participants - Holding auction inside 21000 range - Daily print advertising to indecision narrative - Another AMP temp margin increase for expected economic news event vol spike Session Open Stats (As of 12:35 AM 1/15) - Weekend Gap: N/A - Gap 10/30/23 +0.47% - Session Open ATR: 372.13 - Volume: 17K - Open Int: 252K - Trend Grade: Bull - From BA ATH: -6.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
Gold is trading around 2,681 below the 21 SMA within the uptrend channel forming since December 23. Gold could continue its fall in the next few hours until it hits the pivot point of 2,656. On the other hand, in case gold bounces within the uptrend channel, it will be seen as an opportunity to buy with the target at 2,675. If the price breaks and consolidates above this area, we could expect it to hit the psychological level of $2,700. Another important support is located around the 200 EMA at 2,649. This level could offer a last chance for gold to continue rising. So, it could favor a new rally that could take the gold price up to 6/8 Murray at 2,737 On the contrary, with consolidation below 2,650 on the H4 chart, the outlook for gold could be negative. Therefore, we could expect it to reach 2/8 Murray at 2,578 in the short team. The metal could even cover the gap it lift at 2,562 and finally, reach the psychological level of $2,500. Our trading plan for the coming days will be to buy above 2,700 and sell below 2,675. Below 4/8 Murray, the outlook could be negative for the coming days.
Price has broken kill-zone that consists of triple top and double top. So I expect stepping up swing movement on 15m chart. This is a good time to draw action-reaction set. It captures previous price movements wonderfully. And we have nice risk/reward entry if we place our stop behind this kill-zone
Market Overview The SPX500USD index is currently trading within a moderate downtrend with a Trend Score of -40, as identified by BreadWinners INDI v2. The price is hovering near the Point of Control (POC) at 5,889, showing significant selling pressure. Short-term indicators suggest bearish momentum, but long-term moving averages hint at potential support near 5,800, which could lead to a reversal. The SPX500USD is currently in a moderate downtrend , with selling pressure dominating near resistance levels. Support zones between 5,827 and 5,752 remain critical for potential bullish defense. Traders should monitor these key levels closely, using the suggested entry and stop-loss levels for disciplined trading. Patience and risk management are key in this volatile environment. Resistance Levels: Primary Resistance: 5,889 (Point of Control). Secondary Resistance: 5,922.84 (BreadWinners Stop Loss level). Support Levels: Primary Support: 5,827 (BreadWinners Entry Price). Secondary Support: 5,752 (Lower Point of Control). Oscillators The oscillators indicate a mixed sentiment, with most leaning neutral and some showing divergence in momentum. Relative Strength Index (14): 39.65 (Neutral) Stochastic %K (14, 3, 3): 26.98 (Neutral) Momentum (10): -132.47 (Buy) MACD Level (12, 26): -35.46 (Sell) Stochastic RSI (Fast): 19.95 (Buy) Williams %R (14): -71.91 (Neutral) The Momentum and Stochastic RSI indicate potential for a short-term recovery, while the MACD remains bearish. Moving Averages Short-term moving averages continue to signal a sell, reinforcing bearish momentum, but long-term moving averages suggest support levels could hold. Exponential Moving Average (10, 20, 30): Sell Simple Moving Average (10, 20, 30): Sell Exponential Moving Average (200): Buy Simple Moving Average (200): Buy Hull Moving Average (9): Buy Trade Strategy Bearish Setup (Short Positions): Entry Zone: 5,889–5,900 (Primary POC and resistance zone). Stop Loss: Above 5,922.84. Target 1: 5,827 (Primary Support). Target 2: 5,752 (Secondary Support and Lower POC). Bullish Setup (Long Positions): Entry Zone: 5,827–5,752 (Key support levels). Stop Loss: Below 5,740. Target 1: 5,889 (POC and resistance retest). Target 2: 5,922 (Short-term breakout level).
STPTUSDT (STP) Daily timeframe range. we can see 2 wicks toward 0.08291 thats buyers trying to clear out sellers on resistance. if retail interest keeps up its not hard to get over 0.08291. its holding well even through market dump till now. recent support at 0.06287.
dji managed to hold above its uptrend support, neat channel easy to play...
The EURUSD might rise today, especially if U.S. inflation falls below the 2.9% projection. However, it's important to note that rent has been the biggest driver of inflation over the past two years. U.S. rental market experts predict rent will continue to increase into 2025, driven by low housing supply and high demand. If inflation is slightly weaker than expected and the EURUSD pushes toward 1.0357 without breaking above 1.0438, traders may see this as an opportunity to short, targeting 1.0236 and 1.0182. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
"Bullish on gold" is a term used to describe when a trader or analyst believes the price of gold will increase. A bullish trend is when the price of an asset increases over time.