Gold Shows Great Resilience, Buying Interest Is Still Accelerating

Commodity

Summary:

Gold bulls are extremely strong. Gold has recovered most of the losses after the U.S. election and may aim for a new all-time high.

BUY XAUUSD

Close Time

CLOSED

2747.95

Entry Price

2788.00

2743.00

2752.71 -18.09 -0.65%

49.5

Pips

Loss

2743.00

2742.44

Exit Price

2747.95

Entry Price

2788.00

Fundamentals

Over the past period, the market has expected a slower pace of interest rate cuts by the Fed. Meanwhile, the U.S. dollar and U.S. Treasury yields surge. However, gold has still soared all the way, recovering most of the losses after the U.S. election. Apart from central banks' continuous gold purchases, gold ETFs and futures have also been sought after by funds. New long positions have been increasing continuously, which has become the main driving force behind the recent rise in gold.

Trump was officially inaugurated as the U.S. president, while his tariff policies were as aggressive as expected. Moreover, the U.S. dollar weakened, and the market's demand for risk-hedging was boosted by the uncertain policies, both consolidated the strong upward trend of gold. In the short term, the bulls seem irresistible. This sentiment may amplify the market's inertial movement, and gold may reach its all-time high.

Technical Analysis

Gold Shows Great Resilience, Buying Interest Is Still Accelerating _1

XAUUSD has generally been oscillating upward within an uptrend channel in the 1H chart. It has now accelerated and crossed through the upper edge of the channel. Although the short-term increase is significantly overbought, the bulls are extremely strong and clearly dominant. The short squeeze has led to a large number of short coverages. In addition, there is a "FOMO" (fear of missing out) sentiment spreading in the gold market to boost the gold price, and new bulls keep pouring in to join the chasing-up trend. Judging from the price movement, the correction strength is relatively small. In the short term, there is a possibility that the price will accelerate its upward movement to its all-time high of 2790 or even 2800. However, there is also a possibility of a significant short-term correction. When buying, try to enter and exit quickly.

It is better to buy once gold retraces to 2747. The target price is at 2790 and the stop-loss should be put below 2747.

Trading Recommendations

Trading direction: Buy

Entry price: 2748

Target price: 2788

Stop loss: 2743

Support: 2725/2730/2747

Resistance: 2790/2800/2763

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Manuel

Forex

Economic

Summary:

The EUR/USD pair has been struggling to sustain gains after reaching the 1.0450 level, which aligns with the 100-period moving average on the 12-hour chart.

SELL EURUSD

Close Time

CLOSED

1.04124

Entry Price

1.02500

1.05200

1.04618 -0.00294 -0.28%

107.6

Pips

Loss

1.02500

1.05210

Exit Price

1.04124

Entry Price

1.05200

President Trump recently proposed a potential 10% tariff on Chinese goods, tying the move to broader concerns over fentanyl trafficking. He also suggested that other countries could face similar trade measures, reinforcing his administration’s firm stance on protecting U.S. economic interests. This announcement follows earlier speculation that the White House might delay immediate tariff actions, underscoring a recurring pattern of mixed messaging on trade policy.

Despite the noise around tariffs, the U.S. Dollar remains resilient, supported by the nation’s strong economic fundamentals. Analysts argue that the uncertainty surrounding tariffs is only a temporary disruption, and the Dollar is likely to reassert itself as a dominant force in global currency markets once clarity is restored.

With the Federal Reserve gearing up for its January 29 interest rate decision, officials have entered their traditional pre-decision media silence. Markets widely expect a rate cut in July, in line with the consistently strong U.S. economic data. However, some market participants are cautious, as much depends on the central bank’s outlook for the remainder of the year.

Currency strategists encourage traders to look beyond the short-term political noise and focus on the robust economic backdrop, which remains supportive of the U.S. Dollar.

Meanwhile, the European Central Bank (ECB) finds itself with limited options to influence market expectations significantly. President Christine Lagarde’s public appearance earlier this week did little to sway sentiment, reflecting the constrained policy tools available to the ECB at this time.

Attention now turns to Friday’s Purchasing Managers’ Index (PMI) releases from both the EU and the U.S. The results are anticipated to be mixed, with services activity expected to decline or remain flat in the EU, while manufacturing could see a modest recovery. U.S. PMI data, on the other hand, is likely to reflect a more resilient economy, though any unexpected deviation from forecasts could trigger market volatility.

PMI figures are not typically market-moving unless they deviate significantly from expectations. However, due to the low response rates in the surveys, traders are advised to approach the data cautiously, as it may not fully capture the current economic picture. Sales Could Resume the Downtrend From Resistance Levels_1

Sales Could Resume the Downtrend From Resistance Levels_1

Technical Analysis

The EUR/USD pair has been struggling to sustain gains after reaching the 1.0450 level, which aligns with the 100-period moving average on the 12-hour chart. This technical area also coincides with slight convergence on the RSI indicator, suggesting that overbought conditions may be forming. Convergence occurs when RSI makes higher highs while prices fail to break above previous levels, often signaling a potential reversal or a pause in momentum.

Currently, the EUR/USD remains under strong bearish pressure, with the 1.0400 zone acting as a key resistance level. Sellers appear to be defending this area, and a continuation of the bearish trend could push the pair toward lower support levels at 1.0200 and eventually 1.0100.

On the upside, a break above 1.0500 would challenge the current bearish outlook, potentially opening the door for buyers to regain control. This scenario would likely require a catalyst, such as weaker-than-expected U.S. economic data or a dovish shift from the Federal Reserve.

Trading Recommendations

Trading direction: Sell

Entry price: 1.0410

Target price: 1.0250

Stop loss: 1.0520

Validity: Jan 31, 2025 15:00:00

Risk Warnings and Disclaimers

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Eva Chen

Commodity

Economic

Summary:

Due to the impact of energy production increase policies and uncertain demand prospects, the market may continue to trade on concerns of supply and demand surplus in the short term.

BUY WTI

EXP

TRADING

75.831

Entry Price

82.730

72.000

73.716 -0.641 -0.86%

0.0

Pips

Flat

72.000

Exit Price

75.831

Entry Price

82.730

Fundamentals

The newly inaugurated President Trump plans to impose a 25% tariff on Canada and Mexico, raising a series of new trade concerns that seem to have put WTI crude oil in a precarious position, thereby dampening the outlook for this energy commodity. On Tuesday, international oil prices continued to decline, with WTI crude's main contract falling by 1.91% and Brent crude's main contract dropping by 0.55%.

Additionally, Trump has declared a national energy emergency and will sign a series of executive orders aimed at vigorously promoting the exploration and extraction of traditional energy sources to increase oil and gas production and reduce energy costs. This policy continues the energy production expansion strategy that Trump initiated after taking office in 2017, which previously propelled U.S. crude oil production to record highs in 2018. With expectations of sustained increases on the supply side, and considering that OPEC and the EIA have repeatedly downgraded their forecasts for crude oil demand growth through 2025, market concerns about future supply-demand imbalances have intensified.

The upcoming inventory reports from the API and EIA may influence midweek oil price movements; a significant reduction in inventories could reassure investors that demand remains supported, while an unexpected increase in inventories might indicate that production is keeping pace.

Finally, influenced by the energy production expansion policy and uncertain demand prospects, the market is likely to continue trading on concerns over supply-demand imbalances in the short term, with oil prices expected to trend weakly. Investors should closely monitor the implementation of policies and market reactions, exercising caution in their trading.

Set the Foundation Amid Obscure Outlook_1

Technical Analysis

WTI crude oil has breached the support level of the ascending trend line, indicating a potential reversal of the upward trend. The price may still undergo a rapid retest before resuming its decline.

The latest sell-off reveals levels that bears may be targeting. The 61.8% Fibonacci level is near the previous trend line at US$74.66, followed by the 50% level at US$73.66. The bottom line for the pullback is the 38.2% Fibonacci level at US$72.33; a drop below this level could signal the imminent end of the upward trend.

However, the current 100 SMA is above the 200 SMA, suggesting that buying pressure still prevails, although the gap between the indicators is narrowing, reflecting a weakening bullish momentum and the potential for a bearish crossover. These SMAs are approaching the 38.2% Fibonacci level, which enhances its strength as resistance.

Additionally, the stochastic indicator still has some room for upward movement before reaching the overbought zone, indicating that the adjustment may continue until the overbought condition is met. The relative strength index is positioned in the middle and is moving sideways, reflecting a consolidation phase.

Trading Recommendations

Trading Direction: Buy

Entry Price: 73.80

Target Price: 82.73

Stop Loss: 72.00

Valid Until: February 6, 2025 23:55:00

Support: 74.95, 74.61, 73.72

Resistance: 76.27, 77.03, 77.77

Risk Warnings and Disclaimers

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Alan

Forex

Economic

Summary:

The UK labor market is showing signs of weakness, and economic growth is underperforming expectations, which has intensified market expectations for a rate cut at the Bank of England's (BoE) February monetary policy meeting.

SELL GBPUSD

Close Time

CLOSED

1.23215

Entry Price

1.19800

1.23900

1.24499 -0.00264 -0.21%

68.5

Pips

Loss

1.19800

1.23900

Exit Price

1.23215

Entry Price

1.23900

Fundamentals

On Tuesday, the UK's Office for National Statistics (ONS) reported that the unemployment rate, as measured by the International Labour Organization (ILO), unexpectedly rose to 4.4%, up from 4.3%. Employment numbers also fell sharply, marking the largest decline since November 2020. This indicates a weakening trend in the UK labor market and paves the way for a potential rate cut at the BoE's monetary policy meeting on February 6.

Moreover, inflation data released last week showed a surprising slowdown, while December retail sales data indicated that economic growth is lagging behind expectations. As a result, the market widely anticipates that the BoE will cut the benchmark interest rate by 25 basis points to 4.5% at its next policy meeting. The rising expectations for a BoE rate cut are likely to put downward pressure on the pound.

On the US dollar side, the market generally expects the Federal Reserve to hold interest rates steady at its late-January meeting. This means the dollar is likely to remain supported, and the GBPUSD pair may be more inclined to decline in the short term.

Technical Analysis

As BoE Rate Cut Expectations Rise, the Pound May Face Pressure and Weaken_1

The daily chart of GBPUSD shows a clear downtrend, with the price consistently held below the moving averages, which are in a bearish alignment. This indicates strong bearish momentum and a high likelihood of the trend continuing.

Currently, after breaking below the 1.2350 support level, GBPUSD has continued to fall sharply. However, a short-term rebound to around 1.2350 has been triggered by a minor pullback in the US dollar. The upward pressure is increasing, and the 4-hour chart is showing signs of further weakness, suggesting that the downtrend is likely to persist.

Traders are advised to focus on short positions on rallies. The first downside target is to watch whether the pair can break below 1.2100. If this level is breached, it could open up further downside potential for GBPUSD.

Trading Recommendations

Trading Direction: Sell

Entry Price: 1.2320

Target Price: 1.1980

Stop Loss: 1.2390

Valid Until: February 5, 2025, 23:00:00

Support: 1.2098/1.2036/1.1930

Resistance: 1.2358/1.2473/1.2575

Risk Warnings and Disclaimers

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Eva Chen

Forex

Economic

Summary:

The risk of the EURUSD falling to parity has currently diminished, but the underlying fundamentals remain less than optimistic.

SELL EURUSD

EXP

TRADING

1.04328

Entry Price

1.00970

1.06600

1.04618 -0.00294 -0.28%

0.0

Pips

Flat

1.00970

Exit Price

1.04328

Entry Price

1.06600

Fundamentals

The EURUSD has paused after a strong rebound during the European session on Wednesday, with the fundamental outlook for the euro remaining bleak. The Eurozone economy is struggling to find its footing on the path to recovery, as ongoing political turmoil continues to undermine the Eurozone, while Trump's presidency poses the greatest challenge to the Eurozone.

Trump aims to eliminate the U.S. trade deficit with the EU and has threatened to impose tariffs on all EU exports to the U.S. This presents a significant issue for the EU, which is seeking ways to strengthen its relationship with the U.S. to avert the worst-case scenario, all while grappling with high energy prices and the implications of the war in Ukraine.

However, Trump did not immediately implement punitive trade tariffs following his inauguration, which has mitigated the risk of the euro falling below parity with the U.S. dollar in the first quarter of this year. His statements have clearly been less impactful than potential actions. Currently, the risk of the EURUSD falling below parity this quarter has diminished, although it may still pose a risk in the second quarter. Investors must remain vigilant regarding the threat of trade tariffs.

Bearish Sentiment Could Resurface as Fundamentals Do Not Appear Optimistic_1

Technical Analysis

The EURUSD continued its upward trend on Wednesday morning, recovering some of its recent losses. This brief resurgence in the EURUSD can be attributed to President Trump's decision not to impose tariffs on the EU at the onset of his administration.

So far, the short-term upward breakout in the EURUSD has alleviated expectations of a more significant downward trend; however, this respite appears to be temporary, as the correction has been minimal and constrained by a solid barrier provided by the 23.6% Fibonacci retracement level between 1.1214 and 1.0177, with recent attempts at recovery facing repeated limitations.

The overall technical outlook predominantly reflects a bearish trend, indicating that larger bears are likely to regain full control following the current consolidation phase, as the greater resistance to the short-term upward trend lies between 1.0555 and 1.0690, which continues to exert pressure on price movements.

Meanwhile, the death cross formed by the 100-day and 200-day SMAs has intensified negative signals, while the relative strength index has also dipped below the neutral zone, suggesting that the short-term bias is expected to remain bearish.

Trading Recommendations

Trading Direction: Sell

Entry Price: 1.0457

Target Price: 1.0097

Stop Loss: 1.0660

Valid Until: February 6, 2025 23:55:00

Support: 1.0305, 1.0260, 1.0224

Resistance: 1.0478, 1.0534, 1.0555

Risk Warnings and Disclaimers

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Adam

Commodity

Summary:

On January 22, 2025, the price of gold (XAU/USD) is trading around $2758.16, down slightly after reaching a short-term peak at $2763. This correction reflects increased selling pressure as the price of gold approaches the resistance zone...

SELL XAUUSD

Close Time

CLOSED

2757.47

Entry Price

2750.00

2765.00

2752.71 -18.09 -0.65%

56.7

Pips

Profit

2750.00

2751.80

Exit Price

2757.47

Entry Price

2765.00

Market Overview

Gold prices have made a steady recovery in the recent trading session thanks to a weaker US dollar and increased safe-haven sentiment amid concerns over global economic growth. However, this growth is facing corrective pressure as the gold market hits important resistance levels.

Main influencing factors:

USD: The weakness of the USD in previous sessions has supported gold, but now the greenback is showing signs of a slight recovery, putting pressure on gold prices.

US bond yields: US 10-year bond yields remain high, reducing the appeal of gold – a non-yielding asset.

Market sentiment: Investors are currently cautious as gold prices approach technical resistance, with money shifting slightly to riskier assets.

Market psychology

Investor sentiment towards gold is currently in a state of hesitation, with a balance between selling pressure from high prices and safe-haven buying. The CCI (14) indicator on the M15 chart is at 21.17, near the neutral zone, reflecting that the upward momentum has weakened significantly.

Trading data shows that large institutions have started to take profits after the recent rally, which could add to bearish pressure in the short term.

Technical analysis

Gold (XAU/USD) Weakens After Short-Term Top: Downtrend Likely to Continue?_1

The XAU/USD M15 chart provides important technical signals, clarifying the possibility of a short-term downside correction:

Bollinger Bands: Gold prices are currently hovering near the upper boundary of the Bollinger Bands, signaling a potential correction as bullish momentum runs out. The moving average at $2755 will act as the nearest support.

CCI (14): The CCI indicator has fallen sharply from the overbought zone, indicating a downtrend is forming.

MA (Moving Average): Price is still above the 50 MA ($2752), but the gap is narrowing, signaling weakness in the uptrend.

Resistance: $2763 (recent high) and $2770 (psychological resistance).

Support: $2755 (Bollinger moving average) and $2750 (important psychological support level).

Trading Recommendations

Based on technical analysis and fundamental factors, the proposed short selling trading strategy is as follows:

Entry: Sell at $2758 - $2760 when price fails to break above resistance zone.

Take profit: $2755 - $2750, corresponding to technical support levels.

Stop loss: $2765 to protect capital if price breaks above nearest resistance zone.

In the short term, gold prices are likely to correct to the $2,750 support zone if selling pressure continues to increase. However, if the market receives positive macro signals, such as a stronger weakening of the USD or a decrease in bond yields, gold prices could recover to the $2,763 - $2,770 zone.

Traders should maintain caution and tight risk management as the gold market is trading in a sensitive zone, with the USD's moves and US economic data being the key influencing factors.

Risk Warnings and Disclaimers

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Adam

Cryptocurrency

Summary:

thereum is trading at $3,310.92, remaining in the accumulation zone after major fluctuations in recent sessions. The H1 chart shows ETH is fluctuating within the Ichimoku cloud with support signals from technical indicators, signaling the possibility of a short-term price increase...

BUY ETH-USDT

Close Time

CLOSED

3314.85

Entry Price

3350.00

3290.00

3142.20 -172.90 -5.22%

248.5

Pips

Loss

3290.00

3289.67

Exit Price

3314.85

Entry Price

3350.00

Market Overview

The cryptocurrency market, led by Ethereum, is showing a steady recovery after a correction period. ETH price remains around $3,300 thanks to increased demand from large investors and an overall improvement in market sentiment.

Ethereum 2.0 Integration: ETH staking demand remains strong, as Ethereum 2.0 continues to build confidence in the blockchain platform. This helps reduce ETH selling pressure on the spot market.

DeFi Market: Decentralized finance (DeFi) protocols are still attracting large capital flows, increasing demand for ETH as collateral.

At the same time, the USD slightly decreased amid expectations that the US Federal Reserve (Fed) will maintain a stable monetary policy, facilitating cash flows into risky assets such as cryptocurrencies.

Market psychology

Market sentiment for Ethereum is currently quite positive, with steady inflows from investment funds and institutions. On-chain transaction data shows that large wallets (whales) are increasing their ETH holdings, reinforcing the bullish outlook.

The Stochastic (5,3,3) indicator is currently at 61.55, suggesting that there is still room for upside, although the $3,330 resistance level needs to be closely watched. This reflects a cautious yet bullish sentiment among investors.

Technical analysis

Ethereum hovers around $3,310: Will the bull run break out?_1

Ethereum's H1 chart shows that the price is fluctuating within the Ichimoku cloud – a neutral but bullish signal as the price has crossed the Kijun-sen line.

Ichimoku Cloud: ETH price is above the Tenkan-sen line ($3,307), a positive sign for bullish momentum. If the price breaks above the cloud (around $3,320), the bullish case will be reinforced.

Bollinger Bands: The Bollinger Bands are narrowing, signaling consolidation ahead of a breakout. The current price is near the moving average, indicating a balance between buying and selling pressure.

Stochastic (5,3,3): This indicator is pointing up, giving a bullish signal in the short term, with the first resistance at $3,330.

MACD: The MACD line is about to cross above the signal line, reinforcing the bullish signal.

Important threshold:

Support: $3,300 (Kijun-sen line) and $3,280 (recent bottom).

Resistance: $3,330 (recent high) and $3,360 (upper Bollinger band).

Trading Recommendations

Ethereum has the potential to break above the $3,330 resistance zone if money continues to flow into DeFi protocols and staking demand increases. However, in case selling pressure emerges, ETH price could retest the $3,280 support zone before continuing to rise.

Based on the technical signals and market context, the recommended "buy" trading strategy is as follows:

Entry: Buy at $3,310 - $3,320 if price holds above support zone.

Take Profit: $3,350 - $3,360, corresponding to the nearest resistance levels.

Stop loss: $3,290 to minimize risk in case of deep price drop.

In the short term, traders should remain cautious, prioritize risk management, and use support/resistance levels as a basis for decision making. With the positive outlook from the DeFi market and staking demand, ETH is expected to maintain its upward momentum in the coming days.

Risk Warnings and Disclaimers

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Gold Shows Great Resilience, Buying Interest Is Still Accelerating

Fundamentals

Technical Analysis

Trading Recommendations

Sales Could Resume the Downtrend From Resistance Levels

Technical Analysis

Set the Foundation Amid Obscure Outlook

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Technical Analysis

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As BoE Rate Cut Expectations Rise, the Pound May Face Pressure and Weaken

Fundamentals

Technical Analysis

Trading Recommendations

Bearish Sentiment Could Resurface as Fundamentals Do Not Appear Optimistic

Fundamentals

Technical Analysis

Trading Recommendations

Gold (XAU/USD) Weakens After Short-Term Top: Downtrend Likely to Continue?

Market Overview

Market psychology

Technical analysis

Trading Recommendations

Ethereum hovers around $3,310: Will the bull run continue?

Market Overview

Market psychology

Technical analysis

Trading Recommendations

Risk Disclosure