After approaching parity with the dollar, the euro is now showing small increases that it has become a suitable target for investors. This does not mean that the price will increase strongly, but we can expect the euro to increase to a price of 1.05 - 1.06 - 1.07 Sasha Charkhchian
Its been a wild week in the markets. Traders are loving the volatility. Will big tech and semi's hold up or has their time come to give up some gains? More earnings will tell.
Gold has had a positive start to the day, coming close to breaking through $2,780. This takes it back above Friday’s close, so making back all of Monday’s losses and more. Today’s gains have come despite a rally in the US dollar, something that can create a headwind for gold prices. Gold is just over $10 away from its all-time high of $2,790 hit at the end of October. The daily MACD has flattened out a touch but still suggests that momentum remains to the upside. However, it is getting close to ‘overbought’ levels which means bulls should exercise some caution. The big question remains whether gold can make a fresh record high on its current upside run, or if there’s a pull-back first. Silver is looking perkier this morning, having traded above $31 per ounce for the first time in nearly seven weeks. Its daily MACD is pointing higher, having recently broken above neutral levels. That’s all positive. But to get potential buyers really interested, silver needs to break back above, and then hold, the $32 level.
Safe-Haven Gold Rises Amid Trump Tariff Concerns Gold prices climbed on Thursday as investors sought safety amid concerns over potential U.S. import tariffs under President Donald Trump. Additionally, market participants are closely watching a key inflation report to assess the Federal Reserve's future policy direction. Gold Technical Analysis Gold has followed our forecast precisely, reaching our target at 2,772, and is continuing its upward movement toward 2,788, as previously anticipated. Market volatility is expected today due to the GDP release and ongoing tariff concerns. The bullish trend is likely to continue, aiming for a new all-time high (ATH). However, if the 4-hour candle closes below 2,788, bearish momentum may develop, targeting 2,772 and 2,759. Conversely, a 1-hour or 4-hour candle close above 2,788 would confirm further upside potential, driving the price toward 2,805. Key Levels Pivot Point: 2772 Resistance Levels: 2788, 2805 Support Levels: 2759, 2748, 2739 Trend Outlook Bullish: As long as the price remains above 2,772 Next Bullish Confirmation: A break above 2,788 Bearish: If the price falls below 2,772 Previous idea: https://www.tradingview.com/chart/XAUUSD/uuFNMQNu-GOLD-Toward-New-Record-or-Reversal/
Hi there! It is possible that correction will start from here. Standard 3-3-5 with target at 100% extension also at previous high! Good luck traders!
mean reversion trade, AUDCAD to regain its main trend CAD tariff news as risk Feb 1st imo possible people will start derisking from CAD in general rather than double down at this point of time
GOLD is in an ascending channel. The price has held the lower boundary of the channel and is now approaching its historical peak. The chart is moving from the support level where a bullish takeover was formed. We expect XAUUSD to conquer a new top. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
The daily chart shows a nice down trend channel that has created a change of character and a break of structure. It is also within the discounted zone making it more favorable to short than long.
OANDA:EURJPY is approaching a key demand zone, an area where buyers have historically stepped in. The current market structure suggests the possibility of a bullish bounce if the price confirms a rejection from this zone. The target at 161.857 is based on the expectation of buyers gaining momentum. If bullish price action confirms the demand zone as valid support, this setup offers a high-probability scenario. Keep an eye on bullish confirmation signals, such as strong wicks or bullish engulfing candles, to validate the setup. What’s your take on this analysis? Do you think the demand zone will hold, or do you anticipate further downside? Share your perspective below!
SPX500USD - 24h expiry Price action looks to be forming a top. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Further downside is expected although we prefer to sell into rallies close to the 6058 level. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 6058 (stop at 6099) Our profit targets will be 5942 and 5920 Resistance: 6102 / 6190 / 6235 Support: 6030 / 5980 / 5940 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.