Gold Trading Update: The $3K Target Achieved Gold has reached the $3,000 target as expected. Technical analysis indicates there's still room for further upside, potentially towards the overbought line of the larger uptrend channel. Notably, we're not seeing any signs of supply entering the market yet. The $3,000 level was our focus, and gold has just hit that today. We've been watching this breakout, which tested on low volume. The upward momentum continues with an extension forming, and volume is now picking up, showing improvement in the trend. What's Next for Gold Trading? The current technical indicators suggest we can still move higher. Gold has been advancing for five to six consecutive days, demonstrating persistent improvement to the upside. Supply on the way up is comparable to the previous strong area we've discussed. What makes this move particularly noteworthy is the absence of significant reactions or pullbacks. The market is showing only very small retracements, indicating bullish strength. This continued strength without substantial corrections suggests the bull run in gold may continue in the near term. Traders should watch for potential targets at the overbought line of the larger uptrend channel as mentioned in our analysis. This analysis is for informational purposes only and should not be considered investment advice.
Fellow crypto market betters, As you are all aware, daddy Brad announced that XRP case will be dropped and the price jumped from the news alone. I haven't seen any SEC announcements about the price yet, and today we do have some FOMC decisions coming out. IN MY OPINION: 1) Be careful with the whole "Buy the rumor, sell the news" dumb money thing. 2) Although price looks like it is going towards target 3, it can still go down depending on what news comes out of FOMC. News makes analysis a little more difficult because the volume and price action are many times just a "synthetic" data. It goes away pretty quick, and the price goes back to where it is supposed to be. One interesting data that I kinda don't know what to think about it yet is shown in the charts. - Both XRP and ADA have broken trend resistances in price and RSI. The pump for ADA wasn't as strong as for XRP so there's still indecision, even with the news pump we had today. At the end of the day, congratulate your XRP supremacist who've been bothering you for the past 4 years for you to buy XRP and remained faithful through the ups and downs this drama took them.
USD/JPY 4H – Short Setup at Upper Trend Channel Projection USD/JPY is currently trading within a well-defined descending channel. Price is approaching the upper trend channel projection, a key area derived from parallel structure analysis. While this level has not been tested multiple times, it aligns with the broader bearish trend, making it a potential rejection zone. If price fails to close above this projection on the 4H timeframe, a short position will be executed with a stop-loss above the recent highs. The initial target is the previous lows at 146.60, while the extended target is the lower trend channel trendline. Watching for confirmation before entry.
Nifty future and banknifty future analysis and intraday plan. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
Optimal Trading Strategies Based on Key Levels ✅ Bullish Scenario: If Price Holds Above $0.30 Entry: Above $0.31 (Confirmed breakout). Stop-Loss: Below $0.27 (Invalidation). Target 1: $0.40 (Key resistance). Target 2: $0.51 (ChoCh & major trend reversal point). Risk-to-Reward (R/R): 3:1 or better. ✅ Best Confluence: If price retests $0.30 as support after breaking above, it strengthens the long setup. Volume confirmation is key—low volume breakout = fakeout risk. ? Bearish Scenario: If Price Rejects Below $0.30 Entry: Below $0.28 (Breakdown confirmation). Stop-Loss: Above $0.32 (Invalidation). Target 1: $0.20 (Next major support). Target 2: $0.15 - $0.10 (Liquidity sweep area). R/R Ratio: 2.5:1 or better. ✅ Best Confluence: Rejection at $0.30 = Bears remain in control. If price fails to reclaim $0.30 and breaks down, it signals continuation to lower targets. ? Final Takeaway ✔ $0.30 Breakout = Early Long Signal (Targeting $0.40 - $0.51). ✔ $0.51 Breakout = Full Trend Shift Confirmation. ✔ Rejection Below $0.30 = Bearish Continuation (Targeting $0.20 - $0.10).
? Overall Trend: Gold is in a strong uptrend, showing bullish momentum. The price is currently facing resistance but remains in a bullish structure. ? Key Levels: ? Resistance Zone: 3,048 - 3,185 (A key area where price might struggle to break through). ? Support Zone (Potential Buy Zone): 2,952 - 2,956 (A strong demand zone where price could bounce back up). ? Expected Price Action: 1️⃣ The price might face rejection at the 3,048 level and pull back. 2️⃣ A potential retracement towards the 2,952 - 2,956 support zone is expected. 3️⃣ If price finds strong support in this zone, a new bullish push could begin. 4️⃣ The ultimate target for the next bullish leg is 3,185. ? Conclusion: Waiting for a pullback to the support zone before looking for buying opportunities targeting new highs.
FOMC interest rate news is due in less than 2hours . I Stayed out of the market waiting since last Thursday just to wait for FOMC news because the market will almost always goes into consolidation days before this news due to its significant impact. So its usually a good idea to avoid getting chopped in the sideways action unless you like donating money to the market instead of waiting for a new trend to emerge or a continuation of the on-going trend. After todays fomc news, we will know if we will resume dumping everything, or we'll evaluate potential short term bullish scenarios. For now, my recent BTC short analysis is still intact. I already took profit on all 8 short positions i was in on various coins i shorted along side BTC. If the FOMC news favors the bears, i'll be looking to re-enter shorts in the range 86.4k to 91k. https://www.tradingview.com/chart/BTCUSDT/mPE7L9KI-Welcome-To-The-Long-Awaited-BTC-Bear-Market/
BTC trade for FOMC #fomc #wumfxacademy #forex #newstrading
1. Trap SHORTS. -Check 2. Trap LONGS. -Ongoing 3. DUMP ON THEM -Coming at FOMC This is a warning. Position yourself properly for the FOMC. TRUST THE CHARTS. NFA. DYOR. CRYPTOCAP:BTC #bitcoin
### **Gold Futures (MCX) 4H Chart Forecast** #### **Key Levels:** - **Resistance:** - **89,500 - 91,000 INR** (Upper boundary of the trend channel) - **Support Zones:** - **87,930 INR** (First minor support) - **86,665 - 86,149 INR** (Stronger support) - **85,000 INR** (Major downside target) #### **Technical Outlook:** - Gold futures are currently trading around **88,682 INR**, still inside the **ascending channel**. - **Potential Bullish Scenario:** - If gold **sustains above 87,930 INR**, it may test **89,500 - 91,000 INR**. - **Potential Bearish Scenario:** - If gold **breaks below 87,930 INR**, it could drop to **86,665 - 86,149 INR**. - Further breakdown below **86,000 INR** could push prices toward **85,000 INR**. #### **Trading Strategy:** - **Buy on dips** near **87,930 - 86,665 INR**, targeting **90,000 INR**. - **Sell below 87,930 INR**, targeting **86,149 - 85,000 INR**. - Watch for a **breakout above 89,500 INR** for a bullish push toward **91,000 INR**.