I think we might see some bearish price action today We could consolidate into London London could then manipulate higher to take out Asia High. During New York we could then see distribution further to the downside into previous day low. If we manipulate into asia high, I will await the reaction there and see if we can frame a short idea on the lower time frames. For new york we should be cautious, as there is some US news coming out at 8:30am.
Gold finally broke through the range of 2890-2930 yesterday. With the help of CPI, it bottomed out and rebounded in the evening. The highest price in the US market reached 2940, and it fell slightly in the early morning and closed above 2930. The direction of the range fluctuation is clear, and the probability of the bulls returning strongly and continuing to rise today is very high. This wave of rise fills the last part of the V-shaped gap. The focus today is whether the previous high of 2956 can form a substantial upward break. If it breaks through strongly, the 3000 mark will not be a problem. If the high-rise fall is only pierced by the shadow line, and finally closes with a large cross or inverted hammer, we must be careful of the double top suppressing the decline, forming a top pattern, then the probability of reversal is relatively high. For today's gold, it will continue to rise during the day. In the morning, it slightly broke the high and focused on the 2936 first-line support. When the price reaches here, it will inevitably hit the 2956 high. The watershed is at 2928. The upper pressure is near the 2956 high. It can be expected to fall back after the first touch. In terms of trading, the accurate prediction of gold yesterday was fully realized. The long position of 2906-2910 rose as expected. As long as it is done, the profit will not be small. We firmly believe in the principle of long and not short. The intraday 2909 long stop profit at 2920, winning 11 US dollars; the evening 2907 second long stop profit at 2924, winning 17 US dollars; the two orders made a profit of 28 US dollars, and some bottom positions were left to gamble on breaking the high.
Xrp is dropping after going from $1.90 to $2.27 the difference is approximately 37 cents. XRP is anticipated to drop between $2.158 and $2.183 Time to load up. This is a temporary short on a long-term uptrend to $2.58
◉ Fundamental Rationale ● Gold prices remain steady despite a strong US dollar, supported by a softer-than-expected US CPI report. ● The US CPI report showed a 0.4% rise, lower than the forecasted 0.5%, easing inflation concerns. ● Weaker US inflation data reduces the likelihood of a rate hike, making gold more attractive to investors. ● The strong US dollar, fueled by a surge in US Treasury yields, failed to dent gold's appeal. ● Prices are expected to remain supported as investors seek safe-haven assets amid economic uncertainty. ◉ Technical Observations ● Gold prices have broken free from a Symmetrical Triangle pattern and surged upward. ● Currently trading near all-time highs, the rally is expected to continue, propelling prices beyond the previous high.
hello traders. what are your thoughs on USD/JPY. my idea is . Trade Setup: Entry: Around 148.153, aligning with the pullback area. Stop Loss: Above 148.624, placed strategically to avoid minor fluctuations. Take Profit Levels: First Target: 147.596 – a potential support level where price may find temporary stability. Final Target: 147.167 – deeper support level indicating further bearish continuation.
??? Gold news: ? February’s data increased the odds that the Federal Reserve (Fed) might cut interest rates thrice in 2025. Nevertheless, Fed officials, led by Chair Jerome Powell, had expressed that they did not look at just one month of data. ? In the meantime, US Treasury yields climbed amid fears that the global trade war could push prices higher. Consequently, the US Dollar Index (DXY), which tracks the Greenback’s value against six currencies, gains 0.14% to 103.55. ? On Wednesday, 25% US tariffs on steel and aluminum took effect at midnight as US President Donald Trump is battling to reduce the trade deficit by applying duties on imports. ?The non-yielding metal is poised to extend its rally, even though there is progress on a truce between Ukraine and Russia. ? The World Gold Council (WGC) revealed that central banks continued to purchase Gold. The People’s Bank of China (PBoC) and the National Bank of Poland (NBP) added 10 and 29 tonnes in the first two months of 2025, respectively. Personal opinion: ? Gold has found new momentum to maintain its upward momentum, the 3000 da level is not far away. ?Technically, RSI (1H) has entered the overbought zone and is showing signs of a reversal in the short term. This may be the best time to buy gold at a good price for you. Analysis: ? Based on important resistance - support and Fibonacci levels combined with Pivot points to come up with a suitable strategy ? Resistance level: 2.948 2.956 2.70 ? Support level: 2.930 2.920 2.905 Plan: ? Price Zone Setup: ?Buy Gold 2.930 – 2.933 ❌SL: 2.926 | ✅TP: 2.937 – 2.942 – 2.949 ?Sell Gold 2.955 – 2.957 (Scalping) ❌SL: 2.961 | ✅TP: 2,952 – 2,948 – 2,943 ?Sell Gold 2,970 – 2,972 ❌SL: 2,976 | ✅TP: 2,965 – 2,960 – 2,955 FM wishes you a successful trading day ???
USDJPY: Rejection from 4H Bearish Engulfing Sell Zone The USDJPY pair has encountered a rejection from the bearish engulfing sell zone on the 4-hour chart, indicating a potential reversal in the upward momentum. Key Insights: - The rejection from the bearish engulfing sell zone suggests a shift in market sentiment, favoring a downside move. - We anticipate a decline towards the marked black lines, which coincide with key support levels. Market Analysis: The 4-hour chart indicates a clear rejection from the sell zone, with the bearish engulfing pattern suggesting a potential trend reversal. With this rejection, we expect sellers to regain control, driving the price towards the marked support levels. Risk Management: - Avoid getting stuck on the buy side, as the rejection from the sell zone increases the likelihood of a downside move. - Consider adjusting stop-loss levels and position sizing to manage potential losses. Stay informed and adapt to changing market conditions!
❤️ THIS POST AND I WILL SHARE NEXT pair Troy Trade is a global prime broker specialized in crypto trading and asset management. ANY THOUGHTS ON CSE:TROY ?
BTC set up for a bullish move Setup for R/R over 4.4 Manage your risk. Don't trade your whole account. Trading is a game of the patient. Check out the chart for Entry / TP / and SL 1 hour chart setup
Hang Seng Tech futures look like they’re running out of rocket fuel after the recent surge, hinting that a fresh catalyst may be needed to recalibrate the trajectory higher. That could mean a pullback before another move up. Price, oscillators, and volumes have rolled over in unison, putting the uptrend established in January firmly on the radar. It’s found today around 5630, with minor support just above at 5710. A break and close beneath the uptrend would strengthen the case for a trend reversal, pressuring weak longs and likely encouraging bears to target additional downside. Levels to watch include 5484, 5300, and 5140 on the downside, while 5710 and 6209 remain in focus on the topside if the uptrend holds. Good luck! DS