Seeing how this move plays out. A base is created in December 2024. Price falling below $70 affected the commodity and a new base price formed. The markets are trying to recover from a long period of low income and low margins. We have started a new cycle.
https://www.tradingview.com/x/bMstOCk1/ My dear followers, I analysed this chart on NZDCHF and concluded the following: The market is trading on 0.5169 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.5158 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Price Action & Trend Current Price: $2,935.05 (-0.35%) Gold is in an uptrend, making higher highs and higher lows. The price has recently pulled back from a high of $2,947.56, indicating possible resistance around this level. The last few candles show a minor pullback, suggesting either profit-taking or the start of a correction. 2. Support & Resistance Levels Resistance Zone: Around $2,945 - $2,950, where price was rejected. Support Levels: $2,920 - $2,925 (Previous minor support) $2,900 (Psychological round number) $2,880 (Key swing low) 3. RSI (Relative Strength Index) Analysis Current RSI Level: 44.90 (below the neutral 50 level) Several bearish divergences (red marks) occurred previously, suggesting weakening momentum. RSI dropping below 50 may indicate further downside potential. 4. Possible Scenarios Bullish Case (Bounce from Support) If the price finds support around $2,925 - $2,920, it could resume its uptrend. A break above $2,945 - $2,950 may push price to new highs. Bearish Case (Breakdown) If the price breaks below $2,920, we may see a drop to $2,900 or even $2,880. RSI below 50 supports the possibility of further decline. Conclusion Short-term traders: Watch $2,925 - $2,920 for a potential bounce or breakdown. Trend-followers: The uptrend remains intact, but a deeper pullback could provide a better buying opportunity.
https://www.tradingview.com/x/JKHbYi9b/ Too many bottom imbalances need to be filled
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NASDAQ:AMD being bought heavily by institutions for past 3 days straight. It’s looking like it wants to breakout on the daily. There could be added excitement for NASDAQ:NVDA earnings coming up in the semi-conductor space. I have been accumulating NASDAQ:AMD April 17 115Calls @ 7.00 *Not financial advice
Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis.. XAUUSD is respecting the trendline very well and giving a up trend after touching the trendline support, now XAUUSD is Falling and can respect the support area around 2938/2932. According to me XAUUSD will continue the bullish trend and go for long for all time new high again from this support area.. XAUUSD can move to the first target around 2955 and then to second target around 2980.. First target will work as a resistance area, if Gold break this properly then it will reach to the all Time new high around 2980..I Have identified the LONG POSITION in the chart.. KEY POINTS: CURRENT PRICE 2935 SUPPORT AREA 2938/2932 TARGETS: 1st TARGET 2955 2nd TARGET 2980 CANCEL TRADE 2917
Why do I want to go long on XAUUSD ? 1. Bullish structure 2. Major resistance is broken and waiting for a reversal candlestick 3. A retest on my 50 EMA on the H1 4.
going long broke last resistance targeting our 50% of the range. blessed trading
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