FAKE OUT, OR BREAK OUT? Definitive down trend confirmation since topping in late JAN and then a hard rejection and move down in MID FEB. I believe we have a bottom in early April and are beginning to set a new trend up, but could be a fake breakout and continuation of Down trend. PREVIOUS NOTE (LISTED ON CHART from MID FEB) RED HORIZONTAL LINE "2021 resistance HEAVY. Now could be HEAVY support? Down trend continues on close below red horizontal line. Keep going to re-test rectangle. Double confirmation above higher down trend line signals reversal to retest $218.50 up at" New potential channel has it trying to break above that red line and rejecting slightly.. rebound this week and close above red horizontal?? OR Head down to $171-172.50 range to test bottom of potential new channel. For now.. WAITING to see what this week brings Checking for next week right before fed meeting, trade deals being announced etc. Big impact on Amazon NUETRAL. Would love to hear thoughts. DISCLAIMER: This is not for TRADING This is specifically for DCA in @ solid buy levels building portfolio over time long term. Last purchase @ $165.50 on dip. Looking for next entry.
On the morning of April 30, the world gold price fell to 3,318 USD/ounce, down 20 USD compared to the same time the previous day. The strong increase in USD and high US bond yields at 4.23% made gold lose its appeal in the eyes of investors. The recovery of US stocks and the decline in oil prices further depressed market sentiment. On the H4 chart, gold has not yet escaped the sideways zone around EMA34 - a sign that buying power is weakening.
Under current market conditions, the area near 148.3 has been identified as a critical resistance zone, where the AI model detects a high-probability trade setup. From a technical perspective, a clear directional bias based on recent price action patterns. Suppose the market demonstrates increased volume and price stability above key moving averages in the 148.3 area. In that case, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum. Profit targets are defined at 145.0 and 140.2, corresponding to logical technical support zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
From the perspective of intraday trading rhythm, gold has continued its recent pattern. It rose sharply in the morning and then declined, fluctuated during the European trading session, and stabilized and surged during the US trading session. Based on this rhythm, today we can mainly focus on the effectiveness of the support level at $3,300. If this support level can still hold after the fluctuations in the European trading session and the price stabilizes at this level during the US trading session, one can consider going long on dips. As the consolidation period continues to lengthen and the trading range keeps shrinking, it indicates that the market is about to break the current volatile pattern. After the impact of Trump's tariff policies gradually fades away, the market is re-pricing gold, and it is inevitable that the trend will be erratic during this process. Regarding the subsequent trend, we should focus on how gold tests the resistance levels above. Once it breaks through $3,330 and even further breaks through $3,352, it will signal that the bottom structure is becoming more stable. The current repeated fluctuations are actually about constructing a new upward support platform, laying a solid foundation for the subsequent upward trend. Overall, there is no need to be overly concerned about the short-term fluctuations, as the overall upward rhythm of gold has not changed. Investors can closely monitor the breakthrough of key levels and seize trading opportunities. XAUUSD buy@3290-3300-3310 tp:3300-3340-3350 I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Market Update: Bitcoin Holding Strong Amid Broader Market Weakness As mentioned earlier, Bitcoin has shown resilience amid broader market declines triggered by Trump-era policies and ongoing tariff tensions. While it's not on par with gold as a traditional safe haven, Bitcoin has remained well above the critical 73K risk zone. Global trade negotiations continue, with a particular focus on US-China relations. Progress in this area suggests potential easing of tensions, which could support broader market sentiment. Technical Outlook: On the daily and weekly charts, Bitcoin has broken above trend resistance and moved from the sell zone into a buy zone, attracting renewed interest. Currently, it's consolidating within the 92K–95K range. A recent false breakout at resistance triggered a correction, and we’re now closely watching for where that correction stabilizes—this will help define key support for potential consolidation. Resistance levels: 95K, 100K, 102.5K Support levels: 93.5K, 92.9K, 92K, 91K To break above 95K and aim for 100K+, Bitcoin needs to establish a solid consolidation pattern. At present, such a formation hasn’t developed. The key zone to monitor is 95K–92K. If Bitcoin holds this range and resumes testing the 95K level, we could see a breakout toward 100K. Failure to hold this support may open the door for a deeper correction down to 91K–88K. Please hit the like button and Leave a comment to support for My Post! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, JAMES_GOLD_MASTER_MQL5 Thank you.
Der Goldpreis befindet sich nach einem vollständigen 5-teiligen Aufwärtstrend aktuell in einer ABC-Korrektur, wobei die Welle C möglicherweise am 0.382 Fibonacci-Level (ca. 3.292 USD) bereits abgeschlossen wurde. Technische Strukturen wie Higher Lows, ein Change of Character (Choch) und seitliche Konsolidierung deuten auf eine mögliche bullische Fortsetzung hin. Ein kurzfristiger Rücksetzer bis in den Bereich von 3.229 – 3.164 USD bleibt möglich, bevor der übergeordnete Aufwärtstrend wieder aufgenommen wird. Geopolitisch wirkt die weltweite Unsicherheit (Nahost, Taiwan, Osteuropa) stützend für Gold, ebenso wie die weiterhin hohe Inflation trotz straffer Zinspolitik. Gold bleibt als sicherer Hafen attraktiv. Fazit: Die technische und fundamentale Lage spricht mittelfristig für steigende Goldpreise – eine kurzfristige Korrektur ist jedoch nicht ausgeschlossen.
Been chatting a lot about them on H&B on Sunday Mornings... Partnership with Netflix for WWE Now going to have a new partnership for UFC. Whatever network UFC chooses to go with (as long as they don't resign with Disney(ESPN)) will add to their revenue, viewership etc as it has for WWE. Also will add major revenue and accounts for the platform they choose to go with as you see with NETFLIX blowing past revenue targets for Q1 which just so happens to coincide with WWE beginning on the platform 1/1/25... Im bullish overall on TKO and think they are just beginning a long reign atop of sports entertainment. Big squeeze about a week ago and rocket ship since. $163-166 is big level. Needs to hold above to continue. One more dip to $150 if not before continuing back up to retest ATH? News regarding partnership for UFC could be the big factor to give it a boost. BULLISH but looking to buy Dip down to and under $155. May only get to see $160 depending on how soon and big the UFC deal is. DISCLAIMER: This is NOT TRADING This is for long term investing with TKO in portfolio. DCA Strategy on dips or @ key levels is my strategy. Comments to help are always appreciated
⭐️GOLDEN INFORMATION: Gold price (XAU/USD) continues its downward trajectory, slipping toward $3,315 during early Asian trading on Wednesday as improving global risk sentiment and signs of easing trade tensions weigh on demand for the safe-haven asset. Market participants remain cautious ahead of key US economic data releases, including the ADP Employment Change, the Core PCE Price Index, and the preliminary Q1 GDP figures, all scheduled for later in the day. Meanwhile, US President Donald Trump is reportedly aiming to reduce the overall impact of automotive tariffs by avoiding cumulative duties on foreign vehicles and loosening restrictions on imported parts used in domestic production. Treasury Secretary Scott Bessent added that major trade partners have made “very good” proposals to avert further US tariffs. Furthermore, exemptions on select US goods from retaliatory duties suggest a growing intent to de-escalate ongoing trade disputes. ⭐️Personal comments NOVA: Gold price maintains accumulation range of 3265 - 3360, temporary stability awaits big fluctuations ⭐️SET UP GOLD PRICE: ?SELL GOLD zone : 3368- 3370 SL 3375 TP1: $3350 TP2: $3340 TP3: $3330 ?BUY GOLD zone: $3264 - $3262 SL $3257 TP1: $3280 TP2: $3300 TP3: $3318 ?BUY GOLD zone: $3285 - $3283 SL $3280 scalping TP1: $3290 TP2: $3295 TP3: $3300 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
Let's close the day with a classic —RSI bullish divergence. Polygon Ecosystem Token (POL) has been moving lower and hit bottom on the 7th of April. It's RSI on the other hand isn't doing the same, it bottomed in early July 2024. While POLUSDT went on to produce lower lows, its 3D RSI has been doing higher lows. This is a very strong bullish divergence and also a classic reversal signal. https://www.tradingview.com/x/nx0KvAqQ/ This signal coupled with volume and marketwide action confirms that the bottom is in. This pair is going through a pause now, a small one, before additional-huge growth. The market is giving us one last chance to buy all we want before massive growth. When the next move starts, there will never be a chance to buy at prices like we have now today. This is good. Cryptocurrency will evolve and the entire world will benefit. This is a friendly reminder. Time to work. Wake up! It is not too late. Namaste.
OANDA:XAUUSD sare trading lower around the $3,300/oz flatline as easing US-China trade tensions dampen the appeal of gold as a safe-haven asset, while investors await US economic data to gauge the Federal Reserve's policy direction. OANDA:XAUUSD have been trading in a narrow range recently as the market awaits details of the first trade deal, which is expected to be announced this week or next. OANDA:XAUUSD has reversed to a downside correction since last week as Trump made some very positive comments and the risk of stagflation was further ruled out, and gold prices continued to fall. Stagflation has pushed gold higher and as the market starts to price in this risk, a correction is natural, especially considering that “buying gold” has become the top trade and it is technically in overbought territory. Looking at the larger picture, gold prices remain in an uptrend as real yields are likely to continue to fall amid the Fed’s easing. But in the short term, more positive news on tariffs could see gold prices continue to fall as the market adjusts to the new conditions. OANDA:XAUUSD , traditionally seen as a hedge against political and financial uncertainty, hit a record high of $3,500.05 last week amid heightened uncertainty. Investors will be watching economic data for the rest of the week, including Wednesday's personal consumption expenditure report and Friday's non-farm payrolls report. https://www.tradingview.com/chart/XAUUSD/gLnTLqOy-GOLD-accumulate-as-the-market-lacks-major-fundamental-impact/ Technical Outlook OANDA:XAUUSD On the daily chart, gold continues to move sideways as the accumulation state takes place as the market has no fundamental impact of any sudden change. With the current position, gold is not qualified to increase or decrease significantly with the sideway area of attention in the range of 3,371 - 3,292 USD being the positions of the Fibonacci retracement of 0.236% and 0.382%. However, overall, gold is still inclined to increase in the long term with the price channel as the main trend and support from EMA21 as the main support. As long as gold remains above/within the price channel, above EMA21, it still has the technical conditions for the main trend to be up, the declines should only be considered as short-term corrections and not an official trend. During the day, the sideways accumulation state with the main uptrend will be noticed again by the following positions. Support: 3,292 – 3,267 USD Resistance: 3,371 USD SELL XAUUSD PRICE 3382 - 3380⚡️ ↠↠ Stop Loss 3386 →Take Profit 1 3374 ↨ →Take Profit 2 3368 BUY XAUUSD PRICE 3283 - 3285⚡️ ↠↠ Stop Loss 3279 →Take Profit 1 3291 ↨ →Take Profit 2 3297