The corrective phase is complete and an impulse move appears likely. A strong buy above the A-B-C channel could target levels around 30 - 37 - 45 or higher. Good entry is possible above 26. However, if conditions worsen, further corrections may ensue. I will update further information soon.
Gold clings to gains above $3,110, closes in on all-time high Gold builds on Wednesday's impressive gains and trades above $3,110 on Thursday. The broad-based selling pressure surrounding the US Dollar and retreating US bond yields on growing fears of a deepening trade war between China and the US fuel XAU/USD's rally.
Seeing bearish opportunity on Gold. CMP is 3122.75 Im anticipating bearish market sentiment with a final TP at 2955.30
Nifty 50 Daily Chart Analysis – 10th April 2025 1. Price Trend and Structure: Nifty recently faced strong resistance near the 24,000–24,200 zone and has since reversed. The index is moving within a downward sloping channel, confirming a short-term bearish structure. The pattern shows lower highs and lower lows, signaling continued bearish pressure. 2. Fibonacci Levels: A key support zone was tested around 21,964, corresponding to the 0.618 Fibonacci retracement level. If this level fails to hold, the next downside targets could be near 21,500 and then 20,800 (based on Fibonacci extensions). 3. Support and Resistance: Immediate support: 21,964 Immediate resistance: 22,918 to 22,953 (horizontal level and EMA confluence) A breakout above 23,000 would be a signal for potential trend reversal or bullish momentum. 4. EMA Stack Strength Meter: The EMA histogram is turning deep red, indicating bearish alignment of exponential moving averages. Momentum is clearly negative, with no strong bullish signs yet. 5. ADX Meter Line: The ADX-based meter shows predominantly red bars. This indicates rising trend strength, but with the -DI being stronger than +DI, confirming bearish dominance. Very few green bars suggest limited bullish activity. Expectations: As long as Nifty stays below the 22,950–23,000 zone, the bias remains bearish to sideways. A break below 21,964 could open further downside toward 21,500 or even 20,800. Sustained recovery and a close above 23,000, along with rising ADX and +DI dominance, would be needed to confirm a bullish reversal. Key Factors to Monitor: Price action at the channel support. Direction of ADX and DI lines. Volume activity on any potential bounce.
: ? Trade Setup Alert – BUY Signal Activated ? I've analyzed the chart and identified a strong Buy Signal based on technical indicators and support levels. Here's the detailed breakdown of the trade: ? Entry Point: 3118 (Confirmed breakout entry) ? Support Levels: Support 1: 3070 (Major support zone) Support 2: 3100 (Intermediate support) ? Target 1: 3160 ? Target 2: 3180 ? Technical structure looks solid, with price respecting key support levels and showing bullish momentum. As long as 3070 holds, this setup has high potential for upside movement. Stay disciplined, manage risk, and let the levels play out. ??
SELL 1.10750 | STOP 1.11650 | TAKE 1.09550 | Since the beginning of April, the price continues to move in a wide sideways channel. Probably consolidation is turned to further strengthening of the US dollar. Accordingly, we expect the price to go down and consolidate under the level of 1.09000 with further downward movement.
BitGo has entered a strategic partnership with the Polymesh Association, marking a significant step in its real world asset (RWA) tokenization efforts. The collaboration establishes Polymesh as BitGo’s first purpose-built layer 1 blockchain for RWA infrastructure, following BitGo’s recent acquisition of Brassica to strengthen its presence in the tokenization space. BitGo will integrate its custody […]
Bitcoin (BTC) prices received a significant boost yesterday following an announcement by former U.S. President Donald Trump, stating that tariffs imposed on a majority of countries would be postponed by 90 days. This unexpected move injected optimism into global markets, offering much-needed relief to traders across asset classes. Equity indices around the world surged in […]
Das Spiel des Jahres zum Release im PS Plus? Sony verwöhnt uns! Blue Prince kommt in den PS Plus Katalog - ein gutes Zeichen für den Online-Dienst oder ein schlechtes Zeichen für Blue Prince?
Playstation Plus im April mit Hogwarts Legacy, Blue Prince RoboCop: Rogue City und dem verspäteten Abschluss von Lost Records: Bloom & Rage. Außerdem diesen Monat: RoboCop: Rogue City, Lost Records: Bloom & Rage - Tape 2 und die Fortsetzung des Survival Horror Klassikers Alone in the Dark.