Comprehensive Gold Analysis for the Week of January 6, 2025 Gold enters 2025 with a complex yet promising outlook, driven by a combination of macroeconomic, technical, and geopolitical factors shaping a favorable environment for investors. Below is an in-depth analysis of the current market conditions and potential scenarios for gold this week. Current Market Context Gold concluded the first trading week of January near $2,657 per ounce , consolidating its upward momentum from late 2024. This movement has been underpinned by: - Sustained central bank demand , particularly in emerging markets. - Geopolitical uncertainty , including tensions in the Middle East and Europe. - Expectations for looser monetary policies from major central banks, including the Federal Reserve (Fed). In 2024, gold achieved an exceptional annual gain of +27% , its best performance since 2010, driven by its role as a hedge against inflation and economic uncertainty. The metal reached an all-time high of $2,790 , setting the stage for continued volatility and opportunity in 2025. Key Fundamental Drivers 1. Global Monetary Policies - The Fed adopted a cautious stance in December, signaling a slower pace of rate cuts in 2025. According to the CME FedWatch Tool, there is only an 11.2% probability of a rate cut in January, suggesting short-term stability in interest rates. - In contrast, Europe and China are expected to pursue more accommodative monetary policies. China has already announced fiscal and monetary stimulus measures to counter its economic slowdown. 2. Geopolitical Risks - Ongoing conflicts in Ukraine and heightened tensions in the Middle East remain significant drivers of safe-haven demand. - Additionally, uncertainty surrounding U.S. economic policies under President Donald Trump is adding to market volatility. While some policies may bolster the dollar, others—such as trade tariffs—could increase demand for gold as a hedge. 3. Central Bank and Physical Demand - Central banks have been aggressively accumulating gold reserves since 2022, with purchases expected to exceed the historical average of 500 tons annually in 2025. - In China, a weakening yuan and a sluggish real estate market could further boost physical gold demand. Technical Analysis Gold is currently trading within a critical range that could determine its short-term trajectory: - Key Resistance Levels: - $2,666 (psychological barrier). - $2,700 (significant technical resistance). - All-time highs near $2,790 . - Key Support Levels : - $2,635 , aligned with the 50-day exponential moving average (EMA). - Lower levels around $2,600 and $2,532 , which could act as correction zones. The Relative Strength Index (RSI) hovers near neutral territory (50), indicating potential for upward movement if immediate resistance is breached. However, the range between $2,607 and $2,736 will be pivotal in defining this week’s trend. Projections for This Week Bullish Scenario A decisive breakout above $2,666 could pave the way for further gains toward psychological levels at $2,700 and potentially beyond. Catalysts for this scenario include: - Weak U.S. economic data—such as Friday’s Non-Farm Payrolls (NFP) report—supporting expectations for monetary easing. - Escalation of geopolitical tensions or clear indications of additional Chinese stimulus. Bearish or Corrective Scenario Conversely, unexpected strength in the U.S. dollar or robust economic data could exert downward pressure on gold prices. In this case: - A pullback toward support levels at $2,635 or even $2,600 would be likely before resuming the broader uptrend. Strategic Insights Gold maintains a favorable outlook for this week due to strong fundamental and technical support. However, traders should closely monitor three key factors: 1. The release of U.S. labor market data (NFP) on Friday. 2. Movements in the U.S. dollar index (DXY) and Treasury yields. 3. Emerging geopolitical developments that could shift risk sentiment. The current consolidation near critical technical levels offers opportunities for both bullish and corrective strategies. Active risk management will be essential given the anticipated volatility.
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Hey traders, XAUUSD long opportunities at the support level $2637. Target to the previous high $2664. If price stay above $2635, it is still a valid setup. Good luck trading ath_trades
Closer look at higher timeframe chart Price has already moved and on track to close gap on chart, Ideally this will drop to below the prior low with indicator divergence which would be a good place to buy for the larger move higher Profit margin on this position would be better than the MGPI position posted today as well
https://www.tradingview.com/chart/ABBV/flkWojli-ABBV-bad-news-after-bad-news/ NYSE:ABBV is ready to move now. After the stock started ignoring bad news, and made a higher low, it is showing constructive signs. It has now closed above the Daily 50 SMA now and broken out of the weekly consilidation. Currently a double inside-month contender. Gap above at ~181 and ATHs above that, so can move quickly if healthcare stocks start moving
Based on technical factors there is a Buy position in : ? ZECUSDT ? Buy Now ?Stop loss 57.20 ?Target 63.00 ? R/R 2 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?
Overview: The daily chart for Shreyans Industries Ltd. (SHREYANIND) highlights key price action levels, corrective wave patterns (b, (B), (C) ), and a breakout above trendline resistance. A bullish setup is forming with promising targets ahead! ? Key Levels and Zones: Wave Analysis: Corrective wave pattern identified as b, (B), and (C) . Price is currently progressing within Wave (C) , signaling potential upward movement. ? Golden Retracement Zone: Trading within the critical support zone: ₹228–₹270 . This zone acts as a foundation for the next significant move. ? Trendline Resistance and Breakout: Price has broken out of a key trendline resistance drawn from the peak of Wave (A) . Currently retesting the trendline, now acting as support—a classic bullish indicator. ? Targets and Stop Loss: First Target: ₹316 ? Second Target: ₹361 ? Stop Loss: ₹215.87 (Day Close) ? Volume Analysis: Increased volume during breakout confirms strong buying interest. ? ? Trading Plan: Entry: Enter a long position near the retested trendline resistance, now acting as support, within the ₹228–₹270 zone. Targets: First Target: ₹316 ? Second Target: ₹361 ? Stop Loss: Place a stop loss at ₹215.87 to limit downside risk. ? Short-term Trading Opportunity: The breakout and retest of the trendline resistance provide a solid setup for short-term swing trades or FN strategies. The bullish sentiment supports higher targets. Conclusion: This trading plan combines Elliott Wave analysis, trendline breakouts, and volume insights to offer actionable opportunities. Monitor the Golden Retracement Zone and trendline for confirmation of continued strength. Disclaimer: This analysis is for educational purposes only. Perform your own research or consult a financial advisor before trading.
CRYPTOCAP:ETH has been building up for a massive breakout once SIX:BTCD falls we will see CRYPTOCAP:ETH run towards 10k. The biggest memecoin on BASE Coinbases layer 2 is set to follow CRYPTOCAP:PEPE and CRYPTOCAP:ETH & outperform them both.
? KREBS BIOCHEMICALS: ! Overview: The 1-hour chart for KREBS BIOCHEMICALS & IND. reveals key price action levels, Elliott Wave patterns (b, (B), (C) ), and potential future movements. A breakout above trendline resistance signals bullish possibilities. ? Key Levels and Zones: Wave Analysis: Corrective wave structure identified as b, (B), and (C) . Price is taking support from its Wave C (extended) completion zone: ₹87–₹89 . ? Golden Retracement Zone: Trading within the crucial Golden Retracement Zone: ₹85–₹101 . This area serves as a support zone where price consolidation may occur before a significant move. ? Breakout and Trend Line: Breakout above trend line resistance confirms potential for upward momentum. Positive breakout suggests continuation of bullish sentiment. ? Targets and Stop Loss: First Target: ₹119 ? Second Target: ₹134–₹139 ? Stop Loss: ₹84 (Day Close) ? Volume Analysis: Volume activity indicates significant buying pressure during breakout. ? ? Trading Plan: Entry: Enter a long position within the Wave C (extended) completion zone: ₹87–₹89 , as the price shows support in this range. Targets: First Target: ₹119 ? Second Target: ₹134–₹139 ? Stop Loss: Place a stop loss at ₹84 to limit risk if the price fails to sustain above the Golden Retracement Zone. ? Short-term Trading Opportunity: These target zones offer ideal setups for short-term swing trades or futures and options (FN) strategies. The trendline breakout strengthens the bullish bias. Conclusion: This trading plan leverages the trendline breakout, Elliott Wave analysis, and volume trends to provide actionable insights. Monitor the Golden Retracement Zone for signs of continued strength. Disclaimer: This analysis is for educational purposes only. Conduct your own research or consult a financial advisor before trading.
At CES 2025, Samsung announced that it’s bringing a popular feature from the company’s phones and tablets to its TVs. Live Translate does what it says on the box, offering users real-time translation for live broadcasts. The feature will work in seven different languages — though it’s not entirely clear which at the time of […] © 2024 TechCrunch. All rights reserved. For personal use only.