After a consolidation phase where late buyers got trapped at the top, we've seen price drop to the downside liquidating multi-billions in buy orders in the past few weeks. I believe this Wave 4 shakeout will be followed by another bull run.
From the 4-hour gold trend analysis, we focus on the 2870-2875 support line on the bottom and the 2903-08 short-term suppression line on the top. In terms of operation, we can do some shock operations around this range, and once a breakthrough occurs, we will be able to continue to follow up in the later stage. In the middle position, we should watch more and do less, chase orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: 1. Short gold at 2903-08 when it rebounds, stop loss at 2916, target at 2870-75; 2. Long gold at 2870-75 when it falls back, stop loss at 2862, target at 2900-03,
Bitcoin Long term view for upcoming days for educational purpose only.
Simple ascending channel following the S&P 500 out of the Great Depression through the present day. Tariffs aside, we hit resistance.
After analyzing the chart across multiple timeframes, we have identified a Falling Wedge pattern, signaling a potential bullish breakout. Additionally, bullish divergence is visible on most timeframes, reinforcing the likelihood of upward momentum. Currently, the price is trading above a strong support level at 146.213, indicating a solid base. Our nearest resistance stands at 147.807—a breakout above this level could pave the way for further gains. The next key targets align with the 38.2% and 50% Fibonacci retracement levels, offering potential profit opportunities. As always, stick to your risk management strategy to protect your capital. Stay disciplined and trade wisely!
Last Friday was Non-Farm Payroll day, and there were hints within the circle: After the European market opened, gold experienced a downward trend. After correcting the drop from the European morning session for half an hour after the U.S. market opened, it continued to fluctuate.** On the daily chart, Thursday closed with a bearish candle, and gold showed a series of small bearish candlesticks. Considering attempting to enter short positions, the upward trend for gold this week has ended. However, we still need to wait for Friday's Non-Farm Payroll data to confirm. On the 4-hour chart, gold's fluctuating market is waiting for the Non-Farm Payroll data to guide the direction. Considering the bearish trend on the daily chart, we are waiting for new short signals on the 4-hour chart and looking for entry opportunities on the 1-hour chart to short gold. It is recommended to wait for trading opportunities after the Asian session next Monday. On the daily level, gold closed bearish on Monday, confirming the reversal at point B on the daily chart. Based on the bearish formation at the daily level, look for short signals below the EMA resistance line on the 4-hour chart to short gold. Key focus is on the candlestick reversal pattern in the 2895-2905 range. Gold short targets: TP1: 2859 TP2: 2846 TP3: 2833
CME_MINI:NQH2025 - PR High: 19461.50 - PR Low: 19370.25 - NZ Spread: 204.0 Key scheduled economic events: 10:00 | JOLTS Job Openings Value decline continues, finding 19200s inventory - Advertising continued selling, keeping slight gap above previous session high open - Holding auction above previous session close at the lows Session Open Stats (As of 12:35 AM 3/11) - Session Open ATR: 498.26 - Volume: 83K - Open Int: 297K - Trend Grade: Neutral - From BA ATH: -13.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
✈️ As we see the bullish imbalances print on the hourly chart, we will attempt to use these as support for higher targeting ? Clear targets right above the range and clear support levels make for great long opportunities. My bias is still remaining bearish for the moment as you all know we only change bias when we get a close to the other side. We have yet to have the opportunity to close bullish on the daily (our bias time frame), so we play our targets close since these bullish targets are technically counter trend. Share with a friend in need of great levels ?
As of March 10, 2025, concerns are mounting over the Ethereum Foundation’s (EF) financial stability due to the ongoing decline in Ethereum (ETH) prices.
Bro, this is our next target. Look, the market will come down in the next two hours