Gold futures declined on Thursday, ending a three-day winning streak after the White House postponed car import tariffs, easing investor concerns. Markets now await the European Central Bank's interest rate decision and U.S. unemployment claims data, which could influence the U.S. dollar and, in turn, gold prices. Currently, the price is undergoing a correction process toward 2904. From this level, we anticipate a decline, with the price expected to break below 2893. Notably, 2893 has been confirmed as a strong support level. If the price moves below this point, it is likely to reach 2879 and 2858. However, if the price closes above 2904 on either the 1-hour or 4-hour timeframe, an upward movement is expected, potentially reaching 2918. Bearish target: 2893, 2879, 2858 Bullish target: 2904, 2918, 2935
As discussed throughout my yesterday's session commentary: "My position: My #2,908.80 entry point Buy order is up and running with Stop on break-even towards #2,927.80 Resistance. If this fails, I will add one last Buy as near as #2,900.80 benchmark. If that fails (less likely), I will Sell Gold on spot below #2,900.80 benchmark towards #2,852.80 in extension. However I give more probabilities to the upside and will keep Buying every dip / local Low's which Gold delivers." Gold delivered Stop-hunt towards #2,892.80 Support extension throughout yesterday's session and as I mentioned many times throughout my remarks / every dip is Buying opportunity, I have Bought Gold with #2,894.80 entry point and closed the order on #2,914.80 delivering excellent Profit. My position: This morning I engaged #2,900.80 entry point Buying order with wide Stop and re-Bought Gold once again with #2,892.80 entry point. I have closed second Buying order on #2,900.80 delivering #8-point Profit and kept second Buying order. I will keep Buying every dip on Gold and as many Sellers contacted me recently I repeat / do not expect more serious decline on Gold as long as DX is Trading on such disappointing numbers. I will keep Buying Gold on every dip expecting excellent returns / Profits to continue.
Price: ₹1,336.50 Target: ₹1,500 Stop Loss: ₹1,250 MGL shows solid support at ₹1,250 and potential resistance at ₹1,400. Watch for bullish momentum if RSI crosses above 60. A strong buy opportunity as demand for clean energy rises. Disclaimer: This is not investment advice. Conduct your own research.
OANDA:GBPUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area has acted as a key supply zone, making it a level to watch for potential rejection. If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the 1.27720 level. However, a strong breakout and hold above resistance could invalidate the bearish outlook, potentially leading to further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
OANDA:GBPAUD made a significant bullish run and interestingly, the move was pretty fast. Looking back in history, Price has hit a major Resistance and created a new low around the 2.03801. This area has been further broken and retested which suggests a possible bearish opportunity. I would recommend to trade this with some caution as the overall bullish move is still potentially on. Results are not typical, past results does not guarantee future results, so do your due diligence. Let's talk about your trade ideas too ;-)
Markets Bouncing Like Gummy Bears – What’s Next? | SPX Market Analysis 06Mar 2025 The market is bouncing around like a gummy bear on gummy juice—up one day, down the next, sometimes both in the same session. But now, a short-term price range is forming, making trade setups much clearer. This new range, which is easier to see on ES futures, aligns perfectly with my 6 money-making patterns, guiding bullish, bearish, and neutral scenarios. ADD is at an upper extreme, overnight futures are selling off, and we have tariff wars & red flag news on deck—so patience continues to rule the day. The market is setting up for its next big move, and I’ll be ready when it fires. --- Deeper Dive Analysis: The markets continue to whipsaw traders, creating choppy and indecisive price action. But amidst the chaos, a short-term range is forming, providing clearer trade setups based on my 6 money-making patterns. ? The Market Setup – A Tight Range is Emerging A short-term, well-defined price range is forming (visible on ES futures) This creates clear "what to do" signals based on my system Three possible scenarios: Bullish breakout – if buyers take control Bearish breakdown – if sellers push through support Neutral range-bound action – if price continues to chop around ? Key Market Observations Today ADD is at an upper relative extreme – signalling a possible short-term pullback Price is near the upper boundary of the range – a natural resistance level Overnight futures are already selling off – adding to the bearish bias ? What Could Trigger the Next Big Move? Tariff wars unfolding – potential for market-moving headlines Red flag news this month – major economic reports could act as a catalyst Markets at a tipping point – just waiting for the right push ? How I’m Trading This: ✅ Hedged for movement in either direction—no need to predict, just react ✅ Waiting for confirmation before making a move—patience wins ✅ Watching for breakouts or failures at range extremes This is a textbook setup—range-bound markets lead to breakouts, and I’ll be ready to capitalize on the move when it comes. --- Fun Fact ? Did you know? In 2009, a Twitter hoax claiming President Obama was injured caused the S&P 500 to drop 1% in minutes, wiping out billions in market value—before bouncing back when the truth came out. ? The Lesson? The market reacts to headlines before verifying facts—a reminder that patience and confirmation matter in trading.
Please remember that this idea does not constitute investment advice. NYSE:WOLF After a personal analysis of the institutional value of the COT, buy and sell program levels are outlined. Since the asset is at its minimum, the idea is to wait for the price to head inside the buy program, wait for a swing to form in the direction of the target level (the first sell program) and open the trade at the break of this. The position is medium-term (from 1-2 weeks to 1-2 months); without financial leverage and the maximum profit area is that outlined by the sell program. Personally I do not use stop loss as the trade does not involve the use of financial leverage, however if a level for the stop loss were to be identified, this would be below the buy program. For any clearly ask me.
Yesterday, I kept saying to go long on BTCUSD, and those who followed me made huge profits. So is there more room to go long or short today? BTCUSD: The highest impact of the Asian market is around 92800, which is also very close to the range I mentioned (93000-94500). At present, with Trump's call, the demand for Bitcoin has been improved. As a strategic reserve currency, the short-term upward trend has been finalized, but the position near 92800 has not been stabilized, and the London market has fallen again. Pay attention to whether the small support near 90000 is stable. If it is unstable, take a step back and focus on buying around 88,000. Buy at a low level 90000 BUY 85000 BUY TP 92000 TP93000 TP94500 SL 87000 Remember to refer to it when trading. Pay attention to risk control,
Thursday March 6 Data: US January trade balance, wholesale trade sales, initial jobless claims, UK February construction PMI, Germany February construction PMI, Eurozone January retail sales, Canada January international merchandise trade, Sweden February CPI Central banks: ECB's decision, Fed's Waller speaks, BoE's DMP survey Earnings: Broadcom, Costco, JD.com, Merck KGaA, Universal Music Group, Reckitt Benckiser, Hewlett Packard Enterprise This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
https://www.tradingview.com/x/SVUWNB69/ Hello, Friends! Previous week’s red candle means that for us the GBP/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 191.478. ✅LIKE AND COMMENT MY IDEAS✅