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After the Fed’s Rate Cut: Gold’s Price Action and What’s NextYesterday was another wildly volatile day for OANDA:XAUUSD , with prices dropping approximately 600 pips following the Fed's rate cut. After breaking below the 2645-2650 confluence support on Tuesday, the market entered a day of consolidation with a tight trading range. However, the calm didn’t last long... Yesterday's sharp decline took prices below the 2610-2615 technical support zone and even breached the critical 2600 level. Overnight, Gold rebounded back above 2600, but in my opinion, this recovery is likely a normal retracement and does not signal a bottom for the yellow metal. For bears, the sell zone begins at 2620 and extends slightly past 2630, accounting for the heightened volatility. This area presents an opportunity to look for short entries. The initial target for this move would be yesterday's low, but I wouldn’t be surprised to see Gold drop further toward the 2525 key support level in the near future. As long as prices remain below the 2650-2660 resistance range, the outlook for XauUsd stays firmly bearish .
OANDA:XAUUSDShort
by Mihai_Iacob
Silver Rebound Offers Short Trade Potential: Targeting $28In my weekend analysis, I highlighted the potential formation of a Head and Shoulders pattern in Silver's price, with the neckline positioned precisely at the psychologically significant $30 level. Yesterday, the Federal Reserve’s rate cut triggered a drop below this key level. Currently, OANDA:XAGUSD is experiencing a normal rebound. This rebound may provide traders with an opportunity to consider short positions if the broken $30 level is retested. The next significant support level is at $28, which could serve as the target for this potential move.
OANDA:XAGUSDShort
by Mihai_Iacob
2
Trading Silver: Sell Rallies Amid XAG/USD’s Bearish MomentumLast week, OANDA:XAGUSD made several attempts to break through the 32.30 resistance zone but failed to sustain any momentum. Much like the price action in OANDA:XAUUSD , Thursday was marked by a bearish engulfing candle, which was even more significant given the preceding day's Doji formation. Following the formation of this bearish engulfing candle, the price dropped sharply, reaching a local low around the 30.30 level, marking a 2,000-pip drop from the previous high. The structure forming since mid-September resembles a potential head and shoulders pattern, although it has not been confirmed yet. If the price breaks below the 30.00 zone, it could put further pressure on the selling side, triggering more downside momentum. In this scenario, the next key support level to watch would be around 27.80, with the measured target for the pattern being approximately 25.00. At this point, resistance is positioned at 31.50, and any rallies approaching this level should be viewed as potential selling opportunities. Sellers may look to capitalize on these rallies, anticipating a continuation of the downtrend. Additionally, the bearish outlook is reinforced by a bearish Pin Bar on the weekly chart, which adds further weight to the negative bias. This combination of factors—bearish patterns on both the daily and weekly charts—suggests that the downward pressure could persist, with further downside potential for XAG/USD in the near term. In summary, traders should remain cautious about buying in the current environment. Instead, the focus should be on selling rallies, especially near key resistance levels, while keeping an eye on the 30.00 support level as a key area for potential breakdown.
OANDA:XAGUSDShort
by Mihai_Iacob
1
XauUsd- New leg down towards 2610 support?In my Friday analysis, I highlighted that while the 2660-2665 zone is a technical support, it is too obvious and very likely to fall. This prediction came true as the week closed with Gold trading below this level, forming a strongly bearish daily candle. Additionally, a Pin Bar from the 2700+ resistance zone appeared on the weekly chart, reinforcing the bearish outlook. During the Asian session last night, the price tested the ascending trendline, and as of now, Gold is trading at 2656, hinting at a potential rebound following the 800-pip drop from its recent peak. Looking ahead, if a deeper rebound occurs, the 2680 zone will be a key level for bears to monitor. This area presents an ideal shorting opportunity given its favorable risk-to-reward setup. At the moment, I’m out of the market, waiting to sell into signs of weakness, with 2610 support as my target.
OANDA:XAUUSDShort
by Mihai_Iacob
18
Tia’s Next Move: Opportunity Below $6?Tia/USDT has been lagging recently, and while other altcoins surged strongly after Trump’s election, Tia only recently managed to break above a key resistance level at $6. After reaching the recent high, the price corrected and is now back at the previous resistance level, which has turned into support. I expect this support to hold, and if it does, we could see a new upward leg for Tia. The immediate resistance is in the $7.3–$7.5 zone, and a breakout above this level could pave the way for further gains, potentially reaching the next key resistance levels at $9 or even $12. Buying below $6 could offer a solid entry point with a favorable risk-to-reward ratio.
BINANCE:TIAUSDLong
by Mihai_Iacob
3
Gold Market Update: Indecision Dominates Ahead of FEDYesterday, OANDA:XAUUSD broke below the key confluence support at 2645. However, the drop lacked meaningful follow-through. After reaching a local low at 2633, the price reversed and closed right at the confluence level. As of now, gold remains virtually unchanged from Friday's close. Monday saw a spike up to 2665, while yesterday marked a dip to 2633, reflecting market indecision. Technical Perspective: At the time of writing, gold is trading below this critical level, currently at 2643. If the break below support proves genuine, bears will likely target the 2610-2615 zone, as highlighted in my previous analyses. Conversely, if the price climbs back above 2655, the recent dip would be considered a false breakout, shifting the focus to the upside, with the 2680 zone as the next target. FED's Influence: The market awaits clarity from the Federal Reserve’s announcement and press conference today, which could provide direction for gold in the coming days.
OANDA:XAUUSD
by Mihai_Iacob
4
EUR/USD: Poised for a Reversal?On November 23, FOREXCOM:EURUSD broke below the critical 1.05 support zone, reaching a low of 1.0336. However, the pair quickly reversed course and has since been trading in a range between 1.0450 and 1.06. A closer look at the price action suggests the pair has established a strong floor and is awaiting a catalyst for an upward reversal. That catalyst could very well come today, with the anticipated Federal Reserve rate cut and subsequent press conference. Given the accumulated market tension, an accelerated move to the upside seems likely. Key Levels to Watch : Support: Any dips below 1.05 should be viewed as buying opportunities, with the potential for a rebound. Resistance: A target around 1.0750 appears realistic in the current context. Invalidation Level: If the price falls back below 1.04, this bullish scenario would be negated.
Long
by Mihai_Iacob
EurNzd could rise to 1.85On October 1st, EUR/NZD reached a local low at the psychological level of 1.75, followed by a reversal that lasted until November 1st, gaining nearly 1300 pips. A normal correction then occurred, and from mid-November, the pair started consolidating between the 1.78 and 1.80 levels. December brought a breakout above the key 1.80 level, and since then, EUR/NZD has been in a nice uptrend. As of now, the price is 1.8230, and it looks like a breakout above resistance is imminent. In this scenario, the next target for the bulls is the 1.85 level.
Long
by Mihai_Iacob
EurAud could accelerate to the upside (1.7 target)After dipping below the key 1.6 level—both a technical and psychological threshold—at the end of November, EUR/AUD quickly rebounded and began climbing in a constructive manner. Recently, it established solid support at the 1.6350-1.6360 zone, with two notable reversals from this area observed last week. As of now, EUR/AUD is trading at 1.6507, just below a technical resistance level, with the price action showing signs of a buildup. The odds favor an upward breakout, and if this materializes, it could lead to a sharp acceleration higher. In this scenario, my swing trade target is the 1.7 mark. For now, my strategy is to buy on dips, anticipating the breakout and preparing for the upside momentum.
Long
by Mihai_Iacob
10
XAU/USD Strategy: Selling Rallies Amid Bearish StructureIn my analysis of XAU/USD yesterday, I highlighted that after the 800-pip drop, a rebound was likely. However, given the weekly Pin Bar and the bearish daily structure, I emphasized that any upward move should be viewed as a correction and an opportunity to sell. Indeed, the market did see a rebound, but it was weak and short-lived. After reaching the 2665 zone, the price reversed to the downside and ended the day with minimal change. Currently, the price sits at 2652, with the recent lows now acting as confluent support, reinforced by the rising trendline from the recent bottom. A decisive break below this support zone would shift focus to the next key level at 2610-2615. My strategy remains unchanged: I continue to look for selling opportunities on rallies.
OANDA:XAUUSDShort
by Mihai_Iacob
1
Ethereum towards new ATH?After testing the resistance above 4,000, the flash crash in Alts impacted ETH/USD as well, resulting in a sharp drop to 3,500. However, the strong support established at this level held firm, preventing further declines. Now, the price is approaching the resistance zone once again. At this point, it seems the bulls are gaining momentum, making a breakout above the resistance highly likely. If this breakout materializes, the price could accelerate significantly, with 5,000 emerging as the next logical target.
COINBASE:ETHUSDLong
by Mihai_Iacob
2
Very important cleso for the week. Multi-T.F AnalysisThis week’s close on OANDA:XAUUSD is poised to be crucial for determining the next directional move. Key levels to monitor include critical support zones and resistance thresholds that will shape market sentiment. A close above significant resistance could signal a bullish breakout, while a close below vital support might confirm bearish continuation. Traders should also observe intraday trends and confirm with higher time frames for alignment. Stay alert for any economic or geopolitical news impacting gold’s price.
OANDA:XAUUSDShort
by Mihai_Iacob
Will Gold also test the next resistance level?It’s been a highly bullish week for OANDA:XAUUSD traders, with prices not only reaching but surpassing all my targets one by one. As I outlined in Monday's outlook, if the bulls manage to break above the 2655–2660 resistance zone, the 2785 level would be exposed, and more importantly, the price would very likely move beyond 2700. Yesterday, that prediction materialized as we saw a decisive break above this critical milestone, with FOREXCOM:XAUUSD reaching the 2718 target—and even surpassing it. Overnight, the price briefly dropped from 2725, touching the newly formed support at 2700 before reversing strongly upward. The overall structure remains extremely bullish, with every dip being bought by traders. This momentum should guide our strategy moving forward, focusing now on the next resistance zone at 2755–2760.
FOREXCOM:XAUUSDLong
by Mihai_Iacob
1
Silver is pressing for an up breakIn my Monday analysis, I noted that Silver was gathering momentum just below the 31.40 resistance level, with a high probability of breaking upward. Such a breakout could pave the way for a significant rise of approximately 2000 pips. As anticipated, the price broke above 31.40, climbing nearly 1000 pips before beginning a period of correction and consolidation. My bullish outlook remains firmly intact, and I continue to expect a move toward the 33.50 level. The strategy of "buying on dips" should remain the focus for traders. Additionally, a decisive break above 32.50 would confirm the next leg of the rally, potentially unlocking another 1000-pip rise toward the target.
OANDA:XAGUSDLong
by Mihai_Iacob
4
XauUsd target done. What's next?As expected, the 2655–2660 resistance zone gave way, and after a confirmed breakout, OANDA:XAUUSD moved higher, surpassing the initial target of 2685 and hitting a local high above 2700. The price then formed a double top around the 2704 level (5m chart) before entering a normal correction phase. During this pullback, it tested the 2675 zone, which held as a strong support area due to its confluence. Currently, Gold is showing signs of resuming its upward trend and is trading around 2693. My outlook remains bullish as long as the 2670–2675 support zone holds. For now, buying during dips remains the best strategy. If the price can break back above 2700, the next key resistance to watch is at 2718.
OANDA:XAUUSDLong
by Mihai_Iacob
1
GbpAud- Long term outlookAfter a strong reversal from the 1.6 low, which gained 4,000 pips, GBP/AUD encountered significant resistance around the 2.0 zone. This resistance led to a prolonged consolidation phase lasting over a year. On the weekly chart, this consolidation appears to have formed an ascending triangle, a bullish continuation pattern. At this point, there is a high probability of a genuine breakout to the upside. If the breakout occurs and holds, we can anticipate a continuation of the uptrend, potentially adding another 2,000 pips to the pair's upward movement. Interim resistance lies near the 2.08 level, which could serve as a target for swing traders or a key area to monitor for price action.
Long
by Mihai_Iacob
Gold- Towards target after confirmation?In yesterday's post, I highlighted the high probability of an upward breakout above the 2655–2660 resistance zone. As anticipated, XAU/USD successfully broke through this key level, confirming its importance. Following the breakout, the price reached a high near 2675 before undergoing a normal correction. This pullback was healthy for the trend, as it retested and confirmed the previously broken resistance zone (2655–2660) as new support. This successful retest reinforces the strength of the bullish momentum. Looking ahead, my outlook remains optimistic. I anticipate a new leg higher, with the price likely targeting the 2685 resistance zone. I will maintain my bullish stance as long as the 2660 area holds firm as support. My preferred strategy is to "buy the dips," taking advantage of pullbacks within the broader uptrend.
OANDA:XAUUSDLong
by Mihai_Iacob
2
Gold- 2655-2660 zone remains key for bulls on medium-termLast week's price action was mostly range-bound, characterized by sharp spikes in both directions but lacking a clear trend—challenging conditions for medium-term swing traders. In my last two posts, I shared a moderately bullish bias and even managed a sniper entry at the NFP low. However, Gold failed to sustain upward momentum, so I opted to close the trade with a modest 100-pip profit. Looking at the bigger picture, bulls have shown resilience around the 2620 level. Even last night’s losses were quickly reversed after the market opened, which is another encouraging sign for bullish momentum. That said, a critical resistance level around 2655 continues to cap any medium-term uptrend. For a more substantial move—potentially 400-500 pips—this resistance must be decisively broken . I maintain my bullish outlook and will look to enter on dips. If and when the price breaks above the 2655 resistance level, I plan to double my position to capitalize on the potential upside. However, a daily close below 2620 would invalidate this scenario and prompt me to reassess my strategy.
OANDA:XAUUSDLong
by Mihai_Iacob
9
Is Bitcoin Losing Momentum? Correction to 85K LikelyYesterday, Bitcoin experienced another drop, falling from above 100K and reaching a low of just over 94K, briefly touching the ascending trendline that dates back to the time of Trump’s election. While the price action since November 5 has been characterized by higher highs and higher lows—usually a sign of bullish momentum—the broader structure appears to signal a potential reversal. This pattern suggests that Bitcoin is struggling to sustain its highs, raising doubts about its ability to maintain upward momentum, at least for now. Although a new all-time high remains a possibility, I believe it is unlikely that Bitcoin will hold gains above 100K for an extended period. Instead, the more probable scenario involves a correction toward the 85K level. A critical area to monitor lies between 92,500 and 93,000. A decisive break below this support zone would confirm my bearish outlook and could signal the beginning of a deeper correction.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
Will NFP give Gold a boost?In my comment yesterday, I mentioned that the price was trading within a tight range, making it better to stay on the sidelines until there is more clarity. Although the price briefly broke below both the 2635 and 2620 support levels, it quickly reversed and moved back above them. This suggests that bulls remain strong above the 2600 level, indicating that a higher low might be forming. With this in mind, I anticipate the price to continue moving upward today and in the coming days, with a clear breakout above 2650. If that happens, Gold could gain momentum and potentially reach the next significant resistance level around 2680. For now, I’m looking to buy on dips, but I will reconsider this approach if Gold closes the week below yesterday’s low.
OANDA:XAUUSDLong
by Mihai_Iacob
EurUsd- Buy under 1.05 In last week's analysis, I mentioned that EUR/USD could reverse to the upside, with the 1.0330 zone likely marking a short-term bottom. As anticipated, the pair has climbed back above the 1.05 support level, indicating a false breakout. I still expect this correction to extend further, with the pair potentially reaching the 1.0670 resistance level. In conclusion, any dips below 1.05 should be seen as buying opportunities, targeting the aforementioned resistance level.
Long
by Mihai_Iacob
4
Bitcoin- Very risky sell, or wait to buy at 85kLast week, Bitcoin came tantalizingly close to the significant milestone of $100,000 but fell just shy of breaching it. After this near miss, the cryptocurrency experienced a minor correction. Yesterday, Bitcoin tested the $100,000 level once again, only to retreat once more, indicating a persistent struggle to decisively break through this psychological barrier. Like many traders, I am anticipating a more substantial correction in the near term. One potential strategy could involve selling around the $97,000 level, assuming Bitcoin retraces upward before a deeper pullback. However, this is undeniably a high-risk trade for two reasons. First, selling at this level goes against the prevailing bullish trend. Second, with so many market participants eyeing a correction, there’s a risk that the anticipated move might not play out as expected. A safer and potentially more rewarding approach could be to wait for a more pronounced correction, targeting a buy around the $85,000 level. This strategy would align with expectations of a continuation of the broader upward trend, with Bitcoin eventually breaking past $100,000. If the correction materializes, this level might offer a solid entry point to capitalize on the next leg of the rally.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
3