Today, gold continues to attract some buyers after yesterday's retreat from record highs amid persistent safe-haven demand, driven by concerns about a global economic recession due to tariffs. Furthermore, expectations of Fed rate cuts and lack of interest in buying USD provide additional support for XAU/USD. Currently, the metal is moving around $3,130 and upside potential remains highly rated as the EMA 34 and 89 lines continue to act as dynamic support levels. Additionally, historical bullish patterns are repeating themselves, suggesting that after this period of retreat and consolidation, an impressive upward movement is expected.
When btc dominance will reach 65 % btc rally will completed After that altcoin will create facking bull run
Today will be slightly gap up opening expected in nifty. After opening if nifty starts trading below 23200 level then expected sharp downside upto 23050 level in opening session. Upside 23450 level will act as a strong resistance for today's session. Any bullish side rally can reversal from this level.
So hello guys welcome to everyone. Before sharing my Idea I I am telling please if you know about the money management then you can investment on your risk but please research on your risk here I am sharing about the market trend structure and behaviour so let's talk about what happen here. Already market previous momentum is bullish and major level so far so again market move to the major level so here I drawn buyer supportive train line and minor seller supportive trend line seller's supportive telling break so most chances to market again control by the buyer
Daily timeframe still bullish, we can consider these 4H bearish trend is the correction phase. But careful, for scalping only (Realistic TP), because 4H is still bearish. If you want to aim for TP at last 1D swing High, wait for break and retest on 1H last swing High
Today will be slightly gap up opening expected in index near 51000 level. After opening it will face strong resistance at this level and expected reversal direction towards the 50550 level. This downside rally can extend for further 400-500+ points in case banknifty starts trading below 50450 level. Any bullish side rally only expected if banknifty starts trading and sustain above 51050 level.
There’s a well-known saying in trading: “The trend is your friend.” I firmly believe in this principle. However, when price movements become too extreme—too fast and too far—it’s wise to exercise caution, even if you’re not ready to take the opposite side of the trade. And right now, I believe that’s exactly the case with Gold. ________________________________________ Why a Major Gold Correction is Likely As I’ve been repeating like a broken record since Monday, Gold’s price is severely deviated from the mean, signaling that a brutal correction is on the horizon. After reaching a new all-time high of 3,150, Gold retraced yesterday, dropping to 3,100—a support level formed earlier in the week. A rebound followed, but as I’ve explained in an educational article, this price action looks more like a stepwise distribution rather than true buying strength. The key point? ➡️ Support isn’t holding because buyers are stepping in—it’s holding because big sellers have paused selling. ________________________________________ Still Bullish, But a Drop is Coming There’s no doubt that Gold is in a strong uptrend. But even if it drops 1,000 pips, the overall bullish trend would still be intact. Key Technical Signs of Weakness ? Trendline Break – Yesterday, Gold broke below the rising trendline, marking the first sign of weakness. ? Failed Rebound – Despite a short-term bounce, the price is now more likely confirming the break rather than invalidating it. ? Lower High in Progress? – The next minor support sits at 3,120. If Gold breaks below this level, we’ll have confirmation of a lower high, which strengthens the bearish case. ________________________________________ Targeting the Correction If Gold breaks below 3,120, I expect a move below 3,100, targeting: ? Soft target: 3,080 ? Likely target: 3,030 – 3,040 I believe it’s only a matter of time before this brutal correction plays out. Let’s see how it unfolds! ? 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.
Volatility has receded with less than 20-hours to go until Trump's tariffs are officially implemented, with traders now clearly in watch-and-wait mode. So while headline risks around tariffs remain in place, moves could remain limited unless traders are treated to any last-minute negotiations. Typically, risk has benefitted when it has been expected that tariffs have been watered down. If that turns out to be the case by Trump's speech at 4pm ET Wednesday, indices could rise alongside the US dollar and the yen weaken. Bit of course, the opposite is true. And that could weigh on USD/JPY. Rightly or wrongly, I'm feeling optimistic and now seeing a bounce on USD/JPY. Two bullish pinbars found support and close above the 20-day SMA and monthly pivot point. The bias remains bullish while prices remain above Monday's low, and a break above 150 brings the 200-day SMA, February VPOPC and 152 handle into focus. Matt Simpson, Market Analyst at City Index and Forex.com
? ? Ticker: GEO (NYSE) ? Setup Type: Falling Trendline Break + Support Bounce ? Breakout Price: ~$29.93 ? Trade Plan (Long Position) ✅ Entry Zone: $29.80–$29.95 (break + retest of yellow resistance zone) ✅ Stop Loss (SL): Below $29.40 (structure support / white line) ✅ Take Profit Targets: ? TP1: $30.68 (red zone – resistance) ? TP2: $31.66 (green zone – prior high) ? Risk-Reward Analysis ? Risk: $29.93 - $29.40 = $0.53 ? Reward to TP1: $30.68 - $29.93 = $0.75 → 1.41:1 R/R ? Reward to TP2: $31.66 - $29.93 = $1.73 → 3.26:1 R/R ? Technical Highlights ? Break above falling trendline (pink) with volume pickup ? Strong ascending support (pink triangle) forming a breakout base ? Yellow zone = key reaction level ? Chart shows tightening price action before bullish expansion ⚙️ Trade Management Strategy ? After TP1: — Move SL to breakeven — Book partial profits ? Hold remainder for TP2 with a trailing SL strategy ⚠️ Setup Invalidation ❌ Close below $29.40 ❌ Rejection from yellow zone without volume ❌ Breaks trendline without retest confirmation
? ? ? Market-Moving News ?: ??? President Trump’s 'Liberation Day' Tariff Announcement: President Donald Trump is set to announce new reciprocal tariffs on April 2, aiming to align U.S. import duties with those imposed by other countries on American goods. This move is expected to impact various sectors, including automotive and manufacturing, and may lead to market volatility as investors react to potential shifts in trade policies. ? Key Data Releases ? ? Wednesday, April 2: ? Factory Orders (10:00 AM ET): Forecast: 0.6% Previous: 1.7% Indicates the dollar level of new orders for both durable and non-durable goods, reflecting manufacturing demand. ⚠️ 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