The high at $3223.123 may provide another shot at goal for those who are bearish on gold at these levels.
Hello everyone! After in-depth research and analysis of the recent market conditions, I believe that the current market has entered the stage of accelerating to the top. From a technical point of view, such as the MACD top divergence sign, the KDJ indicator oversold, etc., all signs show that the market's upward momentum is gradually weakening, while the price is rising rapidly, which is often a typical feature of the peak stage. The focus needs to be on the 3225-3235 area. This range has important resistance significance and has dense locked-in disks. On the other hand, through technical analysis tools such as the Fibonacci sequence, this range is also an important pressure range. For investors with short trading rights, this is a rare opportunity to go high and short. When the price reaches the 3225-3235 area, it is a relatively ideal time to enter the short market. The one-hour moving average golden cross is formed, but after the upper rail of the Bollinger band is broken, the technical overbought risk increases, and the support near 3150 is effective. 80 points are also possible, so don't look at the current trend with a conventional perspective.
Gold has once again made history, surging to 3,220. The international trade situation remains tense, which further drives up the safe-haven demand for gold. The US dollar has witnessed a substantial decline, while gold continues its upward trend. Today, we need to focus on the speeches of multiple Federal Reserve officials and the performance of the March Producer Price Index (PPI) data. Under the influence of a multitude of data, there may be significant price swings with strong upward and downward momentum that could trigger stop-loss sweeps. Traders should exercise caution when trading. Before the release of the news, it is advisable to mainly follow a strategy of going long at relatively low prices and conduct transactions with a light position. Trading Strategy: buy@3200 TP:3220-3230 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
A big zigzag wave (ABC) with an elongated "C' wave. Let's dive into the 'c' wave. wave 1 - expanded leading edge diagonal wave 2 - retraced 61.8% of wave 1. wave 3 - a subdivided 5 wave counted wave (1) - leading edge diagonal wave (2) - zigzag wave (3) - extended wave wave (4) - contracting triangle wave (5) - extended wave wave 4 - double three (WXY) wave W - zigzag wave X - flat wave Y - contracting triangle Note that there are alternations among three waves. Retraced 0.236 of wave 3. wave 5 - an impulsive wave, 0.618 of wave 1. The correction should be over. And we should see a new record price of bitcoin.
✅ Overview: Pattern Identified: Bullish BAT Current Trend: Bearish Reversal Zone: Near 0.886 Fibonacci level (Potential PRZ – Potential Reversal Zone) Bias: Short-term bearish ➝ Medium-term bullish ? Pattern Structure: X to A: Initial bullish leg A to B: Retracement ~38.2%–50% B to C: Extension to ~88.6% C to D: Final bearish leg completing near 0.886 of XA → D point is the potential long entry zone ? Trade Plan – LONG Setup (Once PRZ is Hit) Entry: Buy near the 0.886 level of XA leg (watch for reversal candles or structure break) Wait for confirmation on lower timeframes (1H or 4H) Stop Loss: Below the X-point or slightly below 0.886 zone Targets: TP1: 0.382 retracement of AD TP2: 0.618 retracement of AD TP3 (Optional): Break and retest of structure above B point R:R Goal: At least 1:2 ⚠️ Key Considerations: Short-term DXY is still bearish; wait for reaction at PRZ Ideal to pair with bullish divergence or support zone confluence Watch for fundamental catalysts (CPI, NFP, Fed speakers) impacting USD strength
A Fibonacci 50% Retracement on Silver, provides another shot at goal for those looking for lower values!
https://www.tradingview.com/x/5NbVFACZ/ Cheap? After major sell-off in the stock market, time to collect la. TAYOR
Gap up opening near 23000 level expected in nifty. After opening if nifty starts trading above 23050 level then expected further upside rally upto 23250+ level in opening session. Downside 22800 level will act as a strong support for today's session. Any major downside rally only expected if nifty not sustain above level and starts trading below 22750 level.
??? Gold news: ➡️ Gold prices hit an all-time high of $3,219 during Friday’s Asian session, supported by a weaker U.S. dollar and escalating trade tensions between the United States and China, which boosted demand for traditional safe-haven assets. Meanwhile, expectations of a more dovish Federal Reserve also contributed to the rally. Earlier U.S. economic data released the same day weighed on the greenback, as inflationary pressures eased more than anticipated in March, according to the Consumer Price Index figures. Personal opinion: ➡️ Fomo selling pressure is too strong, and it is very risky to sell now. So waiting for prices to fall to technical levels and buying is the most reasonable decision ➡️ Note: update the latest information on tariffs and the US-China trade war. This is the focus in the coming time ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: ? Price Zone Setup: ?Buy Gold 3174- 3176 (Scalping) ❌SL: 3169 | ✅TP: 3180 – 3185– 3190 ?Buy Gold 3156- 3158 ❌SL: 3150| ✅TP: 3163 – 3170 – 3180 ?Sell Gold 3235- 3237 (Scalping) ❌SL: 3243| ✅TP: 3230 – 3225 – 3220 ?Sell Gold 3255- 3257 ❌SL: 3262| ✅TP: 3250 – 3245 – 3240 FM wishes you a successful trading day ???
Today will be strong gap up opening expected in banknifty. Expected opening above 51000 level. If banknifty starts trading and sustain above 51050 level then expected further upside rally upto 51450+ level and this can be extends for further 400-500+ points if gives breakout of 51550 level. Below 50950 level expected downside movement in index upto 50550 support level.