Weekly Market Update: GOLD, EURUSD & ETHUSD, Jan 20th – 26th, 2025

NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.

GOLD – XAUUSD: Buying On A Breakout Of Current Inside Bar Pattern

Comments: Price formed an Inside Bar Pattern on Friday, Jan 17th.

Price moved higher from the recent Inside Bar Pattern that had formed on Tuesday, Jan 14th (We did not consider trading this pattern).

Potential Trade Signal 1: For more aggressive traders, we are looking to buy on a breakout of the current Inside Bar Pattern that had formed on Friday, Jan 17th.

Buy Stop: 2725
Stop Loss: 2687
Take Profit: 2801
Risk Reward: 1:2

Potential Trade Signal 2: We are looking to buy on a deeper retracement lower and after a price action buy signal, at or within the $2643 – $2666 short-term support area.

To Trade This Market With Our Preferred Broker, CLICK HERE

EURUSD: Selling On A Breakdown Of Bearish Pin Bar + Multiple Inside Bar (Combination setup)

Comments: Price formed a Double Bearish Pin Bar + Multiple Inside Bar (Combination setup) on Friday, Jan 17th.

Price formed a Bearish Pin Bar Signal (Yet To Trigger) just below the 1.0332 – 1.0341 short-term resistance area, on Wednesday, Jan 15th (We suggested selling on a retracement higher into the range of this signal in the Jan 16th daily newsletter).

Potential Trade Signal 1: We are looking to sell on a breakdown of the current Bearish Pin Bar + Multiple Inside Bar (Combination setup) that had formed on Friday, Jan 17th.

Sell Stop: 1.0256
Stop Loss: 1.0370
Take Profit: 1.0028
Risk Reward: 1:2

Potential Trade Signal 2: We are looking to sell on a retracement higher to within the range of the recent Bearish Pin Bar Signal that had formed on Wednesday, Jan 15th.

Below is the actual signal posted on Jan 16th.

Sell Limit: 1.0305 – This Trade is Active
Stop Loss: 1.0370
Take Profit: 1.0175
Risk Reward: 1:2

To Trade This Market With Our Preferred Broker, CLICK HERE

ETHEREUM – ETHUSD: Selling On Retracement Higher & After Price Action Signal At Or Below $3480 – $3542 Resistance Area.

Comments: Price formed a Giant Multi-Bar Bearish Fakeout Setup overnight (We are not considering trading this setup).

Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or just below the $3480 – $3542 short-term resistance area.

To Trade This Market With Our Preferred Broker, CLICK HERE

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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.

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