Gold (XAUUSD) has been highly profitable after breaking a key resistance level and reaching a new all-time high. The strong bullish momentum has created a parabolic move on the daily time frame (TF), which often signals an impending retracement or correction as the market seeks stability. While the overall trend remains positive, a pullback could occur soon as price action cools down. On the 1-hour time frame (TF), key support levels are emerging where gold may find temporary stability. The first major support to watch is around $3,080, where the 200 EMA could act as a dynamic support level. If this level fails to hold, a deeper correction could push prices toward the next significant support at $3,050, which has previously acted as a strong demand zone. Despite the possibility of a short-term pullback, the broader outlook for gold remains bullish, driven by geopolitical uncertainties, inflation concerns, and central bank policies. Traders should closely monitor these support levels to assess potential buying opportunities or signs of a further downward move before the next leg higher.
Hey traders, GBPJPY has hit a key support zone, and I’m anticipating a strong bounce from this level. A powerful bullish engulfing candle has just formed on the 4-hour timeframe, swallowing the last three candles—a clear sign of buying pressure! ? Trading Idea: ? Entry: Long from 192.90 ? Target 1: 193.935 ? Target 2: 195.959 (Major resistance) ? Stop Loss: 191.998 (In case support fails) ⚠️ Remember to stick to your trading plan and manage your risk accordingly. This setup presents a great opportunity, but always trade responsibly! ? If you find this idea useful, give it a boost—your support is greatly appreciated! ?
Key arguments in support of the idea. A potential rise in U.S. car prices may positively impact the company’s sales. DRVN is expanding its footprint in the essential automotive services market, simultaneously reducing its car wash segment with more cyclical sales. Investment Thesis Driven Brands Holdings Inc. (DRVN) is the largest automotive services company in North America, operating an increasing network of approximately 5,200 franchise, independently owned businesses operated by the company across 49 U.S. states and 13 other countries. The company has a footprint in all major automotive service areas, catering to both retail and commercial customers. Its main business segments include car maintenance and repair, express car wash, bodywork and paint services. U.S. car import tariffs, introduced in March, support the trend of an increasing average age of cars on U.S. roads and may lead to higher car prices. These factors may contribute positively to DRVN’s revenue growth. On April 3, a 25% tariff on cars imported to the U.S. will take effect, and by May 3, equivalent tariffs on automotive components will be implemented. These tariffs may disrupt automakers’ production processes due to a reconfiguration of production chains. Only half of the 16 million new cars sold annually in the U.S. are produced domestically, while other autos could be subject to these tariffs. Production disruptions may result in price increases for both new and used cars. Many consumers may delay purchasing new cars, opting instead to spend more on maintaining their current vehicles. The new factors support the general long-term trend to an increasing average age of cars on U.S. roads. In 2000, the average vehicle age in the U.S. was 8.9 years; it has now grown to 12.6 years and continues to rise annually. Despite this, the total number of vehicles on U.S. roads is also steadily increasing at an average annual rate of about 1% over the past two decades. Combined with the new tariffs, the overall growth of the automotive aftermarket is likely to boost DRVN’s revenue in the upcoming years. Driven Brands continues successfully shifting its focus to essential automotive services. After 2023, the company began reducing its ownership of standalone car washes while expanding its Take 5 Oil Change locations. Take 5 Oil Change provides rapid oil change services within 10 minutes, allowing drivers to remain in their cars. In March, reports have indicated that Driven Brands plans to sell its Take 5 Car Wash chain. We suppose this deal will accelerate the expansion of the Take 5 Oil Change segment and enable the company to allocate some proceeds toward debt reduction, potentially decreasing debt service expenses by up to 20%. The valuation of DRVN stock, compared to its peers, shows potential for growth. DRVN’s valuation corresponds to 14 projected earnings for 2025, aligning with the average valuation among U.S. car dealers. Nonetheless, DRVN’s potential for revenue growth in the coming years is anticipated to surpass that of its peers. In the last three quarters alone, the Take 5 segment has demonstrated a sequential revenue increase of 10%, accounting for about 60% of the company’s total sales. We suppose that Driven Brands Holdings Inc. (DRVN) shares may exhibit positive momentum in the near term. The target price for DRVN shares over a two-month horizon is $19.90, with a “Buy” rating. We suggest setting a stop-loss at $15.50.
The 4-hour chart fluctuates around 3100-3138 and then rises. At present, the short-term momentum of the single positive line breaking the high is strong, and there is still room for further extension. At the same time, the middle track is lost and recovered, and the middle track is still the key long defense point. The Asian session relies on 3135-3138 as a support conversion point. First, look at a wave of inertia rushing up. In terms of operation, short-term longs near 3138-3140 are used for retracement, defense 3130, target 3165-3175, long at high positions strictly with a good defense position, and timely pocket money after the rush. Today's gold short-term operation ideas suggest that the rebound is mainly short, and the callback is supplemented by long. The top short-term focus is on the 3138-3140 first-line resistance, and the bottom short-term focus is on the 3100-3110 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3175-3178, stop loss 6 points, target around 3155-3145, and look at the 3140 line if it breaks; Long position strategy: Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3138-3140, stop loss 6 points, target around 3160-3170, and look at the 3180 line if it breaks;
#QUICK is in a strong uptrend and currently testing the 0.618 Fibonacci retracement level—a golden buying zone! Technical Outlook: ? Price is consolidating at the key support level of 0.618 FIB—historically a strong reversal zone. ? A breakout above 0.02830 (previous high) could lead to new higher highs! ? High probability of a bullish continuation if momentum holds. Trading Plan: ? Entry: Current Market Price (0.02570 - 0.02490) ? Target 1: 0.02830 ? Target 2: New highs after breakout ? Stop-Loss: 0.02570 - 0.02490 What’s your take on #QUICK? Will it break 0.02830 and fly higher? Drop your thoughts in the comments! LIKE & FOLLOW for more high-probability trade setups! #QUICK #CryptoTrading #Fibonacci #Breakout #Bullish #CryptoAnalysis #TradingView
The price perfectly fulfilled my last idea . It hit the take profit level. OANDA:XAUUSD appears to have made a false break of Tuesday and Wednesday's highs before reversing. Currently, the market is forming a bearish long-tailed bar on the daily timeframe, which may indicate a deeper correction or a consolidation zone between the 3100 and 3140 levels. If the price pulls back toward the support level, I believe it may rebound from there. Given the upward trendline and channel border, this area could serve as an optimal entry point in anticipation of further upward movement. However, with high-impact news scheduled for today, we should remain vigilant, as the market may experience increased volatility. My goal is resistance zone around 3160 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
NAS100 is currently in a corrective phase, trading at $18,900, with bearish momentum suggesting a potential move toward the $18,300 support level in the coming week. If this level holds, a rebound could push the index back up toward $20,300, creating a temporary recovery phase. However, if the price struggles at $20,300 and fails to sustain bullish momentum, it would confirm the formation of a descending channel, reinforcing the broader downtrend. In this scenario, NAS100 could extend its decline toward $16,100, where the price may find support. Key structural levels to watch: Support Levels: $18,300 → $16,100 → $14,600 (Major support from 2021) Resistance Levels: $20,300 → $16,000 (Resistance from 2023) If the index reaches $16,100, this could serve as a critical level where a strong reaction may occur, as it aligns with historical price zones and previous sell-off extensions. The $14,600 support from 2021 remains a last defense level, potentially preventing deeper declines. Traders should monitor volume and price action confirmations at key levels to assess whether the index is setting up for a reversal or further downside continuation.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Buy. Enjoy the day all. Cheers. Jim
In the daily chart of Pi Network, we see substantial bullish reversal signals, the first being the Massive Bull Flag. Then, multiple timeframes of Bullish Divergence, the 3rd is the predictable Bullish Adam and Eve pattern. In any possible bullish scenario, it is undeniable that the next strong key support is the current 0.57 area
This setup idea is not finished yet, but the trade is already running. The first target is the 0.618 Fibonacci level. I will update this setup later. FunToken has not yet achieved its market capitalization of $51M. It is currently around GETTEX:26M , so there is still plenty of opportunity to jump in