One more spike up is brewing again on the 1hr tf lets see if this time bulls are able to break above and hold above the $85500 to make the base for the last 4hrs tf break out that will take place around the 22nd (if not sooner) but bulls are NOT showing muscle and TIME is running out. On the 4hrs tf there are two scenarios and both will end marking the next leg down but the higher the leg down starts (ideally above the $90k line) the less likely it will be for bears to print a lower low but make NO mistake that after the last bounce takes place price will quickly retrace to go and test at least the $80k line. Buckle up ladies and gentlemen we are heading for another wild ride.
**Gold Price (XAU/USD) – Breakdown & Trading Strategy** Chart suggests a **bullish pennant breakout**, meaning Gold could continue its uptrend. Let's analyze this move and discuss potential trade setups. **1️⃣ Technical Analysis of XAU/USD** **? Key Levels:** - **Current Price:** $3,011.695 - **Support Levels:** - **$3,005 (7 EMA) →** Short-term dynamic support. - **$2,999 (21 EMA) →** Intermediate support. - **$2,988 (50 EMA) →** Stronger support level. - **Resistance/Target Levels:** - **$3,028-$3,035 →** Minor resistance zone. - **$3,050-$3,080 →** Bullish pennant target. - **$3,100 →** Psychological resistance. **? Bullish Pennant Formation:** - A bullish pennant is a **continuation pattern** that forms after a strong upward move. - Price consolidates within a small triangle before breaking out upwards. - Based on the height of the pole before the pennant, the target extends towards **$3,050-$3,080**. **? Volume Confirmation:** - The **volume increased** during the breakout, which is a **strong bullish sign**. - If volume remains high, Gold can push towards $3,050+. **2️⃣ Trading Strategy for XAU/USD** **? Long (Buy) Trade Setup:** ✔️ **Entry:** - Enter at **current levels ($3,011-$3,015)** or on a **retest of $3,005** for a better risk-reward. - Alternatively, wait for a break above **$3,020** for confirmation. ✔️ **Stop-Loss (SL):** - **Conservative SL:** Below $2,988 (50 EMA). - **Aggressive SL:** Below $3,000 (psychological level). ✔️ **Take-Profit (TP) Targets:** 1. **$3,028-$3,035** (first resistance zone). 2. **$3,050** (bullish pennant target). 3. **$3,080-$3,100** (extended target). **⚠️ Short (Sell) Trade Setup (Reversal Scenario):** ❌ **Only consider shorting if:** - Price **rejects $3,020-$3,030** multiple times. - It **breaks below $2,988**, confirming a trend reversal. ✔️ **Entry:** Below **$2,988**. ✔️ **Stop-Loss:** Above $3,020. ✔️ **Targets:** 1. **$2,965** (next support). 2. **$2,940** (strong support zone). **3️⃣ Summary: What to Watch Next** ✅ **Bullish Bias:** As long as Gold holds above $2,988-$3,000. ⚠️ **Watch FOMC Meeting:** Wednesday’s Fed decision could drive volatility. ? **Monitor Volume & EMAs:** If price stays above the **7 EMA ($3,005)**, expect more upside. https://www.tradingview.com/x/PrHgGqKd/
Demonstrating SPY with ORB, 15 min candle, going back a few days
The pair is in negative mode, and indicators support to see likely lower levels. FIB retracement 1.8342 should attract is my personal view. Strategy SELL or ADD @ 1.8560-1.8590 range and take profit near 1.8357 for now.
1. Trend Structure & Market Bias: Overall Bullish Momentum: The chart shows a breakout from the previous bearish trendline (marked in blue). The price has moved above key resistance levels, indicating bullish strength. Break of Structure (BoS): A structural shift in the market confirms the bullish breakout. Key Resistance Levels: $3,004: A critical level that has been broken, now acting as potential support. $3,034: Next major resistance where the price could face selling pressure. Key Support Levels: $2,980: Strong support; a breakdown below this could signal a bearish reversal. $2,968 - $2,956: Lower demand zones where buyers may step in. 2. Price Action & Market Scenarios: Bullish Scenario (Most Likely): The price has broken past $3,004, suggesting bullish momentum. The dotted projection shows a potential move towards $3,034 after a possible retracement. If the price holds above $3,004, we can expect a rally towards $3,020-$3,034. Bearish Scenario (Alternative View): If price fails to sustain above $3,004 and breaks below it again, we may see a correction toward $2,980. A clean break below $2,980 could trigger further downside toward $2,968 - $2,956. 3. Trading Plan & Strategy: For Buyers (Long Trades): Entry: Look for pullbacks to $3,004 for a potential long entry. Target: First target at $3,020, then $3,034. Stop Loss: Below $2,980 to protect against trend reversals. For Sellers (Short Trades): Entry: If price rejects strongly at $3,034, a short trade can be considered. Target: First target at $3,004, then $2,980. Stop Loss: Above $3,040 to minimize risk. 4. Conclusion & Outlook: Bullish Bias Until $3,004 Holds: If price remains above this level, a rally toward $3,034 is likely. Watch for Bearish Rejection at $3,034: If price struggles, short opportunities may arise. Major Support at $2,980: A breakdown below this level could invalidate the bullish trend.
⭐️Fundamental Analysis The ceasefire between Israel and Hamas collapsed as Israel attacked targets across Gaza, killing at least 100 people. Tensions escalated further with unconfirmed reports that the US sank an Iranian intelligence-gathering vessel. These developments have pushed investors to seek gold as a safe-haven asset, especially amid geopolitical risks and global economic uncertainty due to the US-China trade war. In addition, US retail sales data for February raised concerns about an economic recession, supporting gold prices but putting pressure on the USD. However, the greenback recovered on Tuesday ahead of the Fed's policy meeting on Wednesday. ⭐️Technical Analysis Gold is near its all-time high and there is no reasonable technical analysis method to trade it. We still favor retracements and buy up with the trend. 3020 and 3040 are two psychological zones the market is waiting for. nice retracements for BUY signals are waiting around 2980 - 2960 - 2945
I am inclined to see the pair a bit lower. Most indicators are still negative, and we have room until 17.8500 area main support area. I am not suggesting we go that fare, but there is little more room to test 18.0000 - 17.9500 area before recovery I think. Strategy is suggested SELL @ 18.13509-18.1650 and take profit near 17.9850-18.0100 area.
The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
Following up on the previous trade idea , where we anticipated DXY breaking to new lows. We can now observe that the uptrend line has been broken, and a potential downtrend line is starting to form.
NIFTY 22500 CE 20TH MAR EXP NIFTY OPTIONS BUYING TRADE Hi Traders, Nifty looks good to buy and currently trading near support levels. We anticipate an upside movement from here and one can consider buying the 22500 CE (Call Option) with a 20th Mar 2025 expiry in the price range of 185 - 190. Target levels: 250, 290 Stop Loss (SL): ₹140 Regards, OptionsDaddy Research Team