At present, the tariff shock continues. There were rumors of a 90-day tariff suspension, which stimulated the rapid rise in gold prices, but it was later confirmed to be false news and the price fell back quickly. This shows that the market selling sentiment may continue if the tariff shock remains unchanged. Yesterday's midnight prompt 2963/58 long positions also rose as expected. Technically, gold is currently at 2982, and there are signs of accumulating strength to rush up in the morning. In terms of operation, it is recommended to do more on the pullback and to do more on the rebound. Pay attention to the resistance of 3020-3025 on the top and the support of 2956-2950 on the bottom. Operation strategy 1: It is recommended to go long on the pullback of 2973-2966, stop loss at 2960, and the target is 2995-3015. Operation strategy 2: It is recommended to go short on the rebound of 3020-3025, stop loss at 3033, and the target is 2990-2955.
I shared with you a couple days back my last gold perspective around this equal lows swept, is already done and I want to see a new bullish run #gold #turtlesoup #ict #oversold #2025
Since the beginning of the year, Gold has been on an impressive uptrend, gaining over 5000 pips, culminating with last week's ATH at 3167. As I highlighted throughout last week's analyses, even though we're in a strong uptrend, the price was too far deviated from the mean, making a correction inevitable. ✅ Friday Recap: After testing the resistance zone formed at 3135-3140, Gold dropped hard, closing the week 1000 pips lower from its peak during Friday's session. ? Recent Developments: The correction continued yesterday, with Gold recently touching an important confluence support around 2950. ? What's Next? I expect an upward movement and resumption of the uptrend, with targets at: • 3050 zone ? • 3080 zone ? ? Plan: Buy dips near support, aiming for the mentioned targets. The analysis would be negated if we see a clear break below 2950. ? Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
The USD/JPY pair's recent decline to 147.88 reflects an emerging shift in yield dynamics, with the US 10-year Treasury at 4.20% against Japan's approximate 1.10% yield. While this 310 basis point differential historically supported dollar strength, markets are now pricing in potential Fed rate cuts against speculation of BOJ policy normalization, narrowing the anticipated future yield gap. This fundamental realignment has accelerated yen appreciation despite the still-significant current yield advantage for the dollar. The yen looks undervalued given Japan’s improving economy and rising prices, while the US may start cutting rates soon. The yen likely deserves a stronger level around 135–140 instead of the current 147.88, so despite short-term moves, the dollar still has room to fall against the yen in the coming months.
Gold rebounds or continue to short. Although gold surged after filling the gap in 1 hour, the upper shadow line quickly came down. The overall trend is still weak. It is under pressure near 3050 in the short term. It can continue to short when it rebounds under the resistance of 3012. The market is changing rapidly. Although gold seems to rebound strongly, it eventually surges and falls. Gold is still the home of shorts. However, it is now more volatile. Be patient and wait for a rebound. The volatility should not be underestimated. However, the idea is to continue to keep a high-altitude mindset. On the whole, the short-term operation strategy for gold is to short on rebound and long on pullback. The short-term focus on the upper side is 3012-3015 resistance, and the short-term focus on the lower side is 2950-2956 support. Gold operation strategy reference: Short order strategy: Short 20% of the position in batches near 3012-3015 when gold rebounds, stop loss 6 points, target near 2980-2970, break to see 2956; Long order strategy: Long 20% of the position in batches near 2953-2956 when gold pulls back, stop loss 6 points, target near 2970-2980, break to see 3000;
? ? ? Market-Moving News ?: ??? NFIB Small Business Optimism Index Release: The National Federation of Independent Business (NFIB) will release its Small Business Optimism Index for March at 6:00 AM ET. This index provides insights into the health and outlook of small businesses, which are vital to the U.S. economy. ?️ Federal Reserve Speeches: San Francisco Fed President Mary Daly is scheduled to speak at 8:00 AM ET. Chicago Fed President Austan Goolsbee will deliver remarks at 7:00 PM ET. ? Key Data Releases ? ? Tuesday, April 8: ? NFIB Small Business Optimism Index (6:00 AM ET): Forecast: 100.7 Previous: 102.8 Assesses the health and outlook of small businesses, which are vital to the economy. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Gold to Silver ratio during Covid crash (1:120+) vs Tariff crash (1:100+). Could silver outperform gold from here? It could in my opinion.
Today, there hasn’t been any significant movement on this chart, and we predict the start of larger movements in the coming days. well, if you had a buy position at these two levels, you’ve likely exited with either a small profit or around 50 pips of profit. The price at the second level has reversed in a very attractive way. :))
Just now opened a short position on Wif. Anticipating a fall all the way back down to 30 cents. Its currently high and bulls are losing strength. Setup is in accordance to DTT- Direction, Target and Timing. It might mess around for a little bit still for next 1.5hrs but good place for entry. Feel free to use a wider stop if anyone following
Hey there. According to last analysis in Daily TF, market will go up, but in Lower Time frame a new Lower Low is needed. then market will go down and make a new low then fly and make a new high. be happy and have a great life(wink)