Global gold is in an uptrend, and the key level this week is $2900. If $2900 holds, the bullish momentum may continue toward the $3000 zone. If gold drops below $2900, the correction will extend to the next support levels at $2862 and $2813 before a potential recovery. Do you think gold will break $3000 or see further correction?
We still insist on being bearish on crude oil today. Crude oil has broken the major support of 70. It closed with a big negative again last week. The daily moving average began to rush down. This week, the new short position will be below the moving average. Our idea this week is still to rebound short. The short-term suppression position is 68.30, and the super pressure is 70.00. The new strong support of the main weekly line is around 65.20, which is also the strong support of the previous K-shaped big drop and rebound. Short positions need to be avoided if they get close. Operation suggestion Crude oil-----sell around 68.00, target 66.00-65.00
Gold (XAUUSD) is now rangebound (2893-2928) round about 350 pips price in range. The consoludations periods will end with a high-pressure move. On the other hand, the US Index is at the support level. The rangebound market is good for scalpers like price movement in range; they buy from the bottom and sell from the top. But in my view, the market makes 4 times the top and gives them the respect, and 5 times the bottom level. Now wait for the breakout and the confirmations of the breakout. The possible best setups is following: Selling Zone: 2922-2928 Stop loss should be above 2932 Take Profit Level: 2917, 2908 and 2890 The buying level should be 2896-2892 Stop loss; 2886 Take profit levels: 2905, 2916, and 2928. Keep in mind; The market price changed every second, and do follow the analysis with your own risk and take 1% of the account.
⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US labor market showed signs of slowing last month, reinforcing expectations that the Federal Reserve will proceed with multiple rate cuts this year. This sentiment pressured the US Dollar while boosting the price of USD-denominated commodities. Data from the US Bureau of Labor Statistics (BLS) on Friday revealed that Nonfarm Payrolls (NFP) rose by 151,000 in February, following January’s upwardly revised 125,000 (previously 143,000), falling short of the 160,000 market forecast. Meanwhile, the Unemployment Rate edged up to 4.1% from 4.0% in January, while annual wage inflation, measured by Average Hourly Earnings, ticked higher to 4.0% from 3.9%, though it was revised down from an initial 4.1%. ⭐️Personal comments NOVA: Gold price is sideways around 2910 at the beginning of the week, H1 frame shows head and shoulders pattern, downtrend ⭐️SET UP GOLD PRICE: ?SELL GOLD zone: $2928 - $2930 SL $2935 TP1: $2920 TP2: $2910 TP3: $2900 ?BUY GOLD zone: $2891 - $2893 SL $2886 TP1: $2900 TP2: $2910 TP3: $2920 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
Key Points in this Chart : Break of Structure Consolidation Phase HH - HL Support / Resistance Triple Top
How I see it: Pair broke through key confluence of support last week. I need you to get the confluence: NOW RESISTANCE EXACTLY RIGHT. Resistance Zone Coordinates: Above = 148.960 Below = 148.023 - Potential "SHORT" Targets - TP 1 = 145.930 TP 2 = 144.530 Thank you for taking the time to study my analysis.
Hello, Skyrexians! Yesterday morning we did a big warning that altcoins will drop again. We expected the dump on Monday, but it has been started the next hour after our post. BINANCE:XRPUSDT is not an exception and dumped with the entire market, but for this coin correction is not likely to be over. Let's take a look at the daily chart. We can see the clear 5 Elliott wave structure inside the previous wave of growth. The bearish divergence signaled that trend is over and now it's time to fasten your seatbelt. Correction has the shape on zigzag, wave A was impulsive, wave B was ugly and now price is printing wave C, which has to consists of 5 waves as well. The target is $1.5. There we have to see the green dot on the Bullish/Bearish Reversal Bar Indicator for the potential uptrend continuation. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Study chart for pre breakout analysis.Stoploss maximum 3% target around 10%+ See this how it perform.
AUDCHF Short: Trade Closed ✅ | +240 Pips | 8R This trade was built on a strong confluence of factors: ? Trend Analysis – Downtrend confirmed a sell bias ? Overbought Conditions – A prime reversal setup ? Sell Story – Price action aligned with short positions ? COT Data CHF: Bullish positioning from institutional traders AUD: Bearish positioning, reinforcing downside momentum ? Sentiment – Bearish AUD, Bullish CHF ? Technical Factors: No VIX Fix – No volatility spike signaling reversal .382 Daily Level – Key Fibonacci resistance zone Mean Reversion – Price returned to equilibrium Executed, managed, and secured the move for a +240 pip gain at an 8R reward. Another lesson in patience and execution. ? ? On to the next setup! #Forex #AUDCHF #PriceAction #COT #FXTrading
NIFTY 22600 PE 13TH MAR EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The Nifty index is facing selling pressure on higher levels, presenting a potential sell-on-rise opportunity. We recommend exploring the 22600 Put Option (expiring on 13th Mar) at ₹110. Target levels: ₹160 and ₹190. Stop Loss (SL): ₹80 Regards, OptionsDaddy Research Team