Microscalps are risky, 93.8k reached as i mentioned and 93.2 is left, if volume supports, the following is listed. Its on 15m TF so beware!
I've been waiting for this pullback for weeks/months. The DOJ civil suit against UNH last week 2/21 felt like the first domino.
Analysis of gold news: On Monday, the international gold price continued to rise strongly driven by many uncertain factors, and once again set a new historical high. Although the minutes of the Federal Reserve's January meeting emphasized that the US economy is still facing inflationary pressure, the gold price has not been suppressed. Trump plans to impose a 25% tariff on imported cars and drugs, which will further increase the risk of trade friction and the market's risk aversion sentiment is high. On the whole, gold still has the potential to rise, but the short-term increase has been large, and investors need to be wary of the risk of large fluctuations at high levels. The market fundamentals were flat on Monday, and the US economic indicators had limited impact on the gold price. The market will continue to pay attention to tariff policies and geopolitical situations, and the interest rate decision in March is also approaching. Analysis of gold technical aspects: After the gold price bottomed out during the day, it once again strongly broke through the 2930 line and stood firmly above this position. At present, the short-term moving average is arranged in a bullish pattern, which clearly shows that the bulls have a dominant advantage. The bulls maintain an upward trend of shocks, the Bollinger Bands open upward, and various indicators are running at high levels. From the perspective of short-term indicators, the gold price still has the momentum to rise. However, it should be noted that the daily line has been oscillating in a high range for 4 consecutive trading days. This oscillating trend has both advantages and disadvantages for both long and short parties, and it is very likely to be a signal that the bulls have reached their peak. However, given that the gold price continued to rise after several pullbacks last week, there is also the possibility of a bull correction pattern. Therefore, it is recommended to start with the range shocks during the day, and once the market breaks through, it is necessary to leave the market in time. At present, the upper pressure level of gold is maintained at 2955, which can be regarded as the key suppression point of the short term; the lower support level is at 2920. Taken together, in terms of gold's short-term operation today, our professional and senior gold analyst team recommends to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2955-2960 first-line resistance, and the bottom short-term focus will be on the 2925-2920 first-line support. 2.24 Gold operation strategy reference: Long order strategy: Strategy 1: Go long (buy up) when gold pulls back to around 2920-2925, stop loss 2915, target around 2935-2945, break to see 2955 line;
After reaching the blue trendline and having an upward reaction, BTC faced the dynamic resistance of the dotted trendline and dumped. It seems BTC is going to cross below the blue trendline and is going to touch 89,000 zone and this time, it will probably cross below that level as well.
The analyst believes that the price of XAGUSD will decrease within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend. ___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
The chart is my work in the US/YEN I have NOT ALTER the Wave structure . We will now see a BOTTOM on the short term here or a minor new low .From here we should see a rather nice RALLY up in an ABC to .382 /.50% of this decline .This is friendly for the SPY and QQQ . BEST OF TRADES WAVETIMER
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This Bitcoin/USD (BTCUSD) weekly chart on Coinbase includes: Fibonacci retracement levels from ~50K to ~97K. Three historical uptrends, marked with white trend lines, aligning with previous bull runs. SMA 50 (blue line) at ~$75K, acting as a major support level. Current BTC price at ~$93K, testing previous all-time highs. Fibonacci extensions suggesting potential targets: 1.618 (~$127K) 2.618 (~$174K) - The white trend lines represent Bitcoin's historical bull runs, showing a repeating pattern of parabolic uptrends before a major correction. Here's what they reveal: 1️⃣ 2017 Bull Run Steep incline leading to BTC’s first real mania phase. Price surged from sub- MIL:1K to ~$20K before a massive correction. The trend line broke, confirming the end of that cycle. 2️⃣ 2020-2021 Bull Run Similar structure to 2017, but with more consolidation before lift-off. Price rallied from ~$10K to ~$69K before breaking down. The trend line served as an early warning of the 2022 bear market. 3️⃣ 2023-2024 Bull Run (Current) The trend line is still intact, meaning BTC is respecting the current bullish structure. Price is testing previous ATH (~97K zone). Break above? 127K-174K targets in play (Fibonacci extension). Break below? 75K SMA becomes a key level to watch.
The analyst believes that the price of XAUUSD will decrease within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend. ___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
The AUDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The recent oversold bounceback is retesting major resistance at 95.47 (intraday swing low). The key trading level is at 96.30, which is the current swing high and falling resistance trendline level. An oversold rally from the current levels and a bearish rejection from the 96.30 level could target the downside support at 94.43 followed by 94.10 and 93.55 levels over the longer timeframe. Alternatively, a confirmed breakout above 96.30 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 96.90 resistance followed by 97.70 levels. 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.