Gold 4-hour level: The last wave of pull-up started from the low point of 2999 to 3167. Yesterday, it fell back and tested the 618 split position 3063. The current support is still valid, which is also the MA66 day position; From the perspective of macd, it is still short-selling and has not been fully repaired. Wait until it crosses below the zero axis, and then slowly stabilizes and tends to golden cross in the future market, then a wave of trend pull-up will gradually form, and it will take time; if 3063 cannot be maintained, the two split positions below are 3035 and 3018, and attention should be paid to stabilization. Intraday support: 3035 3018 3005 Resistance: 3045 3070 3100
CRYPTOCAP:XRP 1D The downtrend continues, the asset is under pressure. Shorts need liquidity capture through a return to the weekly zone of interest (POI 1W). Without manipulation - entering the deal is pointless. The optimal entry point is 2.35-2.46. As soon as I open the trade, I'll let you know Targets: $1.9600, $1.9000, $1.7711, $1.6300.
for options trader, the stock is currently in demand zone that might take him above $97 to 100
Gold has been overbought technically, which was visible from RSI (it was flashing the overbought conditions positioning above the 70 point line), Bollinger Bands (price was spiking above the 2 standard deviation zone), and the price action: after the initial breakout, it was rapidly sold off not holding the buying pressure anymore. So, the most expected scenario was probably a consolidation or a correction. As we see now, the scenario of correction was triggered. As Gold served both as a protection, and as a growth vehicle, it's difficult to assume the further liquidation. The most expected scenario would be a bullish pivot and locking in a consolidation, as shown at the chart. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
Procter & Gamble is neutral on both the 1D (RSI = 47.822, MACD = 0.180, ADX = 17.832) and 1W (RSI = 49.820, MACD = 0.340, ADX = 20.781) technical outlooks as despite last week's rebound and this ones early strong rise, it pulled back and is about to close the 1W candle flat. We are exactly on the 1W MA50, which inside the 2 year Channel Up has always been a fair level to go long. The 1W RSI indicates that last week's low may be the symmetric low to December 11th 2023. This kickstarted a rally that hit the 1.5 Fibonacci extension. Consequently we are bullish long term, aiming at just under the new 1.5 Fib (TP = 190.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Gold Support level were broken by indication candle leading to continuation of down trend.
We are bearish, aren't we? With all the turmoil in the stock market (USA) caused by tarrifs (believed by the public)... 2 taps on the 0.702 fib retracement. This is it.
Dear my friends, I’m observing the Layer chart on larger timeframes. And when switching to the daily timeframe, my perspective becomes quite clear. With the RSI having dropped below support along with a divergence between price and RSI, I’m seeing two support zones that the Layer price might return to: $1.18 or $1.09. I’ll short here and wait for the price to move to these two zones before making my next decision. Best Regards,
EURJPY is on the radar. After the announcement of US tariffs, the market will stop pricing them in and will focus on other drivers. As stock indices are dipping across the globe, the carry trade remains to stay a “no brainer investment”, as borrowing costs for the Yen are still quite low, and according to consensus forecasts, inflation in Japan might have peaked. EURJPY is located in a long-term consolidation. Should hawkish expectations in the Eurozone escalate, we can observe EURJPY to break the upper side of the trading range with extension of volatility. That would represent a decent trading opportunity with a potential low risk and extended reward. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
In this video, I go through exactly how I plotted the wave counts that I published on 3rd April (linked to this idea). I also show how to estimate price target using support and Fibonacci extensions. Lastly, I talk about trading productivity again and why I recommend to take out some of your short position. There are 3 main reasons: 1. We have completed wave 3 of 3 and is now going into wave 4 (and wave 4 are notorious for being unpredictable and may even have triple combinations). 2. We are what? 80% in the money and it happens very fast. So productivity wise, it is good to take some money off the table. 3. Weekend risk. I am putting this idea as "Neutral" even though I am still expecting a wave 5 down. Reason is because we are in wave 4, and also because I pray that I can find time to update again when wave 4 ends and wave 5 of 3 starts. Good luck!