Wyckoff type 1 accumulation system We expect the beginning of an upward trend, where any setback within the accumulation scheme will be areas to start making upward positions.
In terms of gold, the minutes of the Federal Reserve meeting show that Federal Reserve Chairman Jerome Powell's overall stance remains rather cautious, expressing uncertainties on multiple occasions. He only emphasized that the potential impact of the Federal Reserve's reduction of tariffs might accelerate the pace of interest rate cuts. The US Dollar Index has been fluctuating and trading at a low level. Gold has rebounded and continues to maintain a strong pattern. Yesterday, after surging to around 3044, it quickly dropped back to around 3022 in one wave and then stabilized and rebounded. After repeated fluctuations, following the release of the meeting minutes in the evening, gold strongly surged to around 3054. It closed with three consecutive bullish daily candles, indicating a strong performance in the short term. However, the risks at high levels have started to increase, as most of the bullish factors have already been realized. Therefore, in trading operations, one must wait for a pullback before entering long positions. At high levels, it is advisable to appropriately take short positions to anticipate a decline. XAUUSD Trading Strategy: buy@3035-3040 TP:3055-3060 sell@3058-3065 TP:3040-3030 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
OI rises but CVD is decreasing! 1h and 2h OBV looks a little bit different! not that clear where are we going. Depends on USDT.D and BTC.D Daily and VAH is broken. Marked yellow level could be a nice short. Eyes on it ... Follow for more ideas/Signals. ? Look at my other ideas ? Just donate some of your profit to Animal rights and rescue or other charity :)✌️
All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade then this is how you will gain consistency in you trading and build confidence https://www.tradingview.com/?aff_id=109100
Hello, everyone! Earlier we made analysis on CRYPTOCAP:BTC.D where pointed out that it can reach 66% before altseason or reverse from 62.5%. Now it looks like we can see the second scenario because momentum is almost gone and we are about to see the second confirmation of trend change. Let's take a look at the weekly chart. Like the previous time we still have active red dot signal on Bullish/Bearish Reversal Bar Indicator . We have the great angulation with the alligator. This time we also have the double divergence with Awesome Oscillator which has been almost confirmed. We wanna see the three red columns in a row and this reversal is going to be strongly confirmed. The minimum target is 0.5-0.61 Fibonacci zone, but in case of true altcoin season we can see the new all time low. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
It has a broken above a small base pattern with bullish momentum signals. Wave 5 seems to have started.
Paras defense making a good bounce. Chk abv 1050 for 1100..1200…1290. ?️
It has retested a multi-year breakout zone and now seems to have broken above a small base pattern. On the Elliott Wave front - it has started Wave 3 up.
OANDA:XAUUSD have now fallen to around $3,048/ounce, down $9 from the historic high reached in early Asian trading today, March 20. On Thursday, the US Federal Open Market Committee (FOMC) announced its interest rate decision and summarized economic expectations; Federal Reserve Chairman Powell held a press conference on monetary policy. The FOMC kept its policy rate unchanged at 4.25% - 4.50% after the Trump administration imposed tariffs, while officials raised their inflation forecasts for this year and lowered their economic growth forecasts. After concluding a two-day monetary policy meeting, the Federal Reserve announced at 2 p.m. ET on Wednesday that it would maintain its benchmark interest rate at 4.25% to 4.5% and announced it would slow the pace of its balance sheet reduction starting in April. The Fed also released its FOMC statement, predicting rising U.S. inflation and lowering its economic growth forecast. Amid signs of stagflation, the Fed still announced that it would cut interest rates twice by 2025, similar to the dovish signal it gave when it cut interest rates sharply last September. The statement noted that recent indicators show that economic activity continues to grow at a solid pace. In recent months, unemployment has remained low, labor market conditions have remained strong, and inflation has remained moderately elevated. Federal Reserve Chairman Powell first mentioned tariffs at a press conference after the meeting, acknowledging that Trump’s policies have affected the economy. Powell also indicated that the policies of the new Trump administration will affect the economy, but he will be careful to avoid making too clear assessments of this impact. Powell also used the word “uncertainty” several times. He reiterated that there is still uncertainty about the potential impact of tariffs on the U.S. economy and highlighted the risks to the Fed’s expectations for employment and inflation. – Bloomberg – Last week, US President Trump raised tariffs on steel and aluminum imports to 25% and said new reciprocal tariffs and industrial duties would take effect on April 2. On the geopolitical front, hostilities between Russia and Ukraine continued despite a 30-day ceasefire aimed at halting attacks on energy facilities. Meanwhile, conflict in the Middle East escalated as Reuters reported that an Israeli airstrike on Tuesday killed 400 people. Two UN staff were killed in an attack on the UN building in Deir el Balah, central Gaza Strip, a UN source told AFP on Wednesday. Gold prices have risen more than 15% this year. Gold has long been seen as a safe investment in times of economic or geopolitical uncertainty, and since it does not yield interest, it is even more attractive in a low-interest-rate environment. https://www.tradingview.com/chart/XAUUSD/AsaupvEC-Gaza-conflict-and-Trump-tariffs-push-GOLD-higher-again/ Technical outlook for OANDA:XAUUSD Gold continues to refresh its all-time highs as it finds support from the 0.50% Fibonacci extension noted by readers in yesterday’s edition and currently has no technical barriers ahead, with the next upside target being the 0.618% Fibonacci extension. While all technical conditions are in favor of the upside with the channel acting as short-term support and the RSI showing no signs of a significant downside correction, downside corrections when they do occur are typically strong after a long period of hot growth like the current one. Traders can definitely prepare for a downside correction with a target of around $3,037 in the short term and the 0.618% Fibonacci extension is a position that can fit this expectation. I will try to describe that if you try to sell around the 0.618% Fibonacci level is a counter-trend decision, but since the RSI has been operating in the overbought area and 6 consecutive bullish sessions have occurred, there is a possibility for a downside correction. However, the need to do for the expectation (Adjustment) means that the open short positions should be completed in the short term because it is counter-trend. During the day, the uptrend in gold prices with the expectation of a downside correction will be noticed again by the following technical levels. Support: $3,037 – $3,021 – $3,000 Resistance: $3,065 SELL XAUUSD PRICE 3101 - 3099⚡️ ↠↠ Stoploss 3105 →Take Profit 1 3093 ↨ →Take Profit 2 3087 BUY XAUUSD PRICE 2999 - 3001⚡️ ↠↠ Stoploss 2995 →Take Profit 1 3007 ↨ →Take Profit 2 3013
https://www.tradingview.com/x/McYtU7GV/ HI,Traders ! EUR-JPY broke the rising Support line and the breakout Is confirmed so we are Bearish biased and we Will be expecting a Further move down ! Comment and subscribe to help us grow !