The price perfectly fulfilled my previous idea. It hit the target level. The price broke above the February high and is now testing the psychological level at 3000. I think it makes sense to expect some pullback from this key resistance zone. Considering the bullish momentum, the market may just continue moving higher toward the next levels. If we do see a pullback, we have an opportunity to go long at the support zonel and the upward trendline zone. Given that we have high-impact news on the horizon, it could push the price lower, however I expect the weekly candle to close strongly with minimal retracement. My goal is resistance zone around 3030 Traders, If you liked this educational post?, give it a boost ? and drop a comment ?
As anticipated, SPCE (Virgin Galactic) has reacted within the key Fibonacci zone, between the 1.618 level ($3.41) and the 1.786 level ($2.92), triggering a strong rebound. Our first target is set at $6.16, followed by $7.05, where partial profit-taking could occur. However, the stock still has more room to rise, with potential for further upside if volume supports and key resistances are broken. We continue to closely monitor the price structure to confirm the trend’s continuation. ??
DAX Poised for Further Gains Risk sentiment remains positive, and the DAX could benefit from a potential market turnaround. Despite recent weakness, hedging options suggest a recovery, with put option levels possibly marking a bottom. Meanwhile, a declining VIX signals easing market anxiety. DAX Outlook: - Supported by improving global sentiment - Potential Ukraine ceasefire could boost momentum - Falling oil prices may further support economic growth At the same time, uncertainty could drive gold and silver higher, with silver benefiting from the positive stock market environment. Conclusion: The DAX remains well-positioned for further gains. A decisive breakout above resistance levels could fuel the next leg of the rally.
? XAUUSD: High Tide – Wave 5 Incoming! ?? Gold (XAUUSD) has completed Elliott Wave 4 and is now advancing toward Wave 5 in a strong bullish setup. Key signals confirm this move: ✅ Reverse Wedge Formation – Breakout expected as price action aligns with wave theory. ✅ Alligator Indicator – The "mouth" has opened wide, signaling momentum toward Wave 5. ✅ Bullish Pressure – High tide volume confirms buyers are in control. ? Key Resistance Levels: ? Support to Watch: Expecting a strong rally as gold moves in sync with Elliott Wave theory. Let’s ride the trend! ? ? Do you agree? Drop your thoughts below! ?? #XAUUSD #Gold #ElliottWave #Forex #TradingView
In this video, I'm finally breaking my silence. I can’t hold back my bearish outlook any longer, so I’m launching a series of videos to break down exactly why I see trouble ahead and what it could mean. While I won’t cover everything in this first video, I’m kicking off the conversation now that the floodgates are open—thanks, in part, to the circus in Washington, D.C. (or so you think). From crypto and stocks to bond yields and beyond, I’ll cover it all. Stay tuned so you’re not left chasing false hope in a dead-cat bounce.
After the bearish CH, supply zones have formed on the chart. Currently, the price is consuming an OB. Each time this OB has been consumed, lower highs have been formed. Additionally, the number of touches on this OB has been high, meaning many orders from this OB have been absorbed. It is expected that the price will eventually reach the lower demand zone and then react strongly to the upside. The closure of a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
GOLD: Geopolitical and Economic Turbulence During the last three weeks, there have been significant developments in the geopolitical and economic arenas. But what exactly happened? Geopolitical and Economic Developments: Trump's Tariff Threats: President Trump continues to threaten with tariffs, increasing market uncertainty. His recent comments have even suggested that his actions could push the US into a recession. Ukraine Peace and Minerals Deal: Initially, Ukraine did not accept the peace and minerals deal but has now agreed to sign it with the US. Russia is also ready to sign the agreement soon. USD Devaluation: EURUSD devaluated by over 500 pips in just five days, showing significant weakness. The DXY (US Dollar Index) decreased by nearly 4% during this period. Gold's Recent Performance: Over the past three weeks, gold has been in a correction phase, trading without significant volume between 2928 and 2900. Summary: The recent bullish movement in gold is a clear sign of market manipulation by big hedge funds and Central Banks, which continue to increase their gold reserves. If gold were to react, it should have done so within the past three weeks when the USD was weak and Trump created the mess, not after. Market Caution: Be cautious, as the market is highly manipulated. Everything can happen under such conditions. Gold's Bullish Outlook: Gold remains bullish and is very risky to sell. Consider this analysis for the areas where the price may react. One key area is 3000, a strong psychological price zone observed by all market participants. The second area is 3030, marking the completion of the bearish Harmonic Pattern. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Gold 3000 finally arrived There is still room above 3000. Don't chase too hard if you don't see the waterfall. After gold broke through the new high, the daily line closed with a big bald positive line, showing a strong bullish momentum. The previous sideways consolidation provided sufficient power for the bulls, and the closing at a high level at the end of the day also indicated that the strong trend may continue, and further upward space can be expected. Technical analysis: 4H cycle: gold prices are expected to rise further after the correction. The key support below is near 2956. 1H cycle: The support level is near 2975, and support may be obtained at this position in the short term. Upward target: The upper target can be seen at the 3000 point mark. It is not recommended to blindly guess the top and short in the short term. Operation suggestions: Entry point: Long near 2975. Stop loss: set at 2967 to control risks. Target: The first target is 2990, and the second target is 3000. Risk warning: Although the bullish momentum is strong, the market may pull back at any time, and the effectiveness of the support level needs to be closely monitored. Do not blindly chase high prices, reasonably control positions, and strictly implement stop losses. Overall: The short-term bullish trend of gold is relatively obvious, and the operation is mainly based on retracement and low-level longs, and pay attention to the breakthrough of key support and resistance levels.
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Gold Price Nears $3,000 for the First Time in History As shown in the XAU/USD chart today, gold is at a record high, just $5 away from the key psychological level of $3,000. Moreover, on the futures market, COMEX data indicates that gold futures have already surpassed this barrier. Bullish sentiment is driven by: → Low US inflation data (released on Wednesday), which boosted gold prices due to growing expectations of a more dovish Federal Reserve policy. → Uncertainty surrounding Trump’s tariffs, escalating global trade tensions. According to the latest reports, the US president has warned of a 200% tariff on European wine and other alcoholic beverages after the EU imposed a 50% tariff on American whiskey. https://www.tradingview.com/x/aA2NWGPd/ Technical Analysis of XAU/USD In our previous post on 6 March, we identified an upward channel (marked in blue) and suggested that its lower boundary would act as support, providing bulls with an opportunity to push towards the $3,000 level. As indicated by the arrow, this scenario played out: → 10–11 March: The price rebounded from the lower blue boundary. → The price then broke through $2,930. The large bullish candle formed on 13 March signals strong buyer dominance, suggesting that: → $2,930 and $2,950, which previously acted as resistance, could now provide support for bulls. → This month, gold may exceed the $3,000 mark for the first time, reaching the upper boundary of the long-term channel (marked in yellow). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.