Fundamentals Gold prices surged for the fifth consecutive day, reaching a historic high of US$2,877 on Wednesday. The price increased by over 2.5% this week. Key Drivers: Weak U.S. Economic Data: Strengthens the case for the Federal Reserve to consider another interest rate cut. Trade Tariff Concerns: Heightened tensions over increased tariffs with major trading partners have further driven gold prices. Gold Demand Trends (World Gold Council): Total Demand Growth: Expected to grow 1% YoY in 2024, reaching a record high of 4,974.5 tons. Value of Demand: Estimated at US$382 billion due to high gold prices and investor interest in safe-haven assets. Q4 Demand: Achieved a record value of US$111 billion. Expert Insight: Louise Street, Senior Market Analyst at the World Gold Council: "Geopolitical uncertainty remains high, which will always be a factor supporting investment in gold." Anticipates elevated uncertainties in 2025, with central banks viewing gold as a stable strategic asset. Technical Analysis Upcoming Market Movement: As Chinese traders return from the Lunar New Year holiday, a catch-up rally is expected. Brief declines or pullbacks may present buying opportunities. Key Levels to Watch: Pivot Point (Support): First Support Level: US$2,831 Next Support Level: US$2,818 Below US$2,800: US$2,785 (high from January 24) Weekly Low: US$2,771 Resistance Levels: First Resistance Level: US$2,869 Next Key Levels: US$2,880, US$2,900 Psychological Barrier: US$3,000
As we can see NIFTY closed in more like sideways to native as expected as it took resistance from the trendline. Now as long as a NIFTY manages to remain itself below the trendline, we can see sideways to bearishness with intense volatility as budget is on the door hence for future continuation it must sustain itself above 23800 so plan your trades accordingly and keep watching
? DOMO (NASDAQ) - 30-Min Chart Short Trade Setup Breakdown ? ? Stock: DOMO (NASDAQ) ⏳ Timeframe: 30-Min Chart ? Setup Type: Bearish Breakdown ? Trade Plan: ✅ Entry Zone: Below $8.82 (Breakdown Confirmation) ? Take Profit 1 (TP1): $8.41 (First Support) ? Take Profit 2 (TP2): $8.01 (Extended Bearish Target) ? Stop-Loss (SL): Above $9.24 (Key Resistance) ? Risk-Reward Ratio: Favorable for a bearish continuation ? ? Technical Analysis & Setup: ✅ Pattern: Rising Trendline Breakdown ? ✅ Breakdown Confirmation Needed: Price dropping below $8.82 with strong selling volume ✅ Support Zones: $8.41: First Key Support $8.01: Extended Target if selling pressure continues ✅ Momentum Shift Expected: Breakdown could trigger further downside pressure ? ? Trade Strategy & Refinements: ? Volume Confirmation: Look for increasing selling volume below $8.82 ? ? Trailing Stop Strategy: Once price reaches TP1 ($8.41), adjust SL lower to secure profits ? ? Partial Profit Booking: Take partial profits at $8.41 and let the rest ride toward $8.01+ ? ⚠️ Fake Breakdown Risk: If price rebounds back above $8.82, reconsider entry ❌ ? Final Thoughts: ✅ Bearish Breakdown Expected – High probability of continuation lower ? ✅ Strong Resistance at $9.24 – Ideal short entry for risk-reward optimization ? ✅ Momentum Shift Possible – A drop below $8.41 could accelerate downside move ? ? Trade Smart & Stick to the Plan! ?? ? #ShortTrade #StockTrading #DOMO #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfittoPath ?? Would you like me to create a TradingView post template for consistent and professional market updates? ?
BINANCE:OMUSDT - the only narrative that matters. Lock in as RWA will make a lot many millionaires.
Today we had PMI services data and unemployment change figures which were mixed for the dollar.This week we have faced a declining dollar up from weekly highs on Monday @ 110.00. So before NFP data on Friday I expect GBPUSD price to go to record new highs close to 1.26 before we get further momentum. Waiting on Friday's data to get monthly bias on USD based pairs. During this period, what's important is securing your capital so as not to miss important moves in the market and Risk Management in case of slippage because we are trading in very volatile times. All the luck traders.
this time market was running to 2870 i thing market was folling down 2870 to 2830
Bitcoin failed to close above its all-time high and only managed to close outside my shaded blue box once, indicating a lack of willingness to push higher at this time. From a technical perspective, the SMT divergence between Bitcoin and Ethereum showed weakness, as ETH couldn't even approach its all-time high. Now, I'm watching to see if the inversion daily FVG sends the price lower toward the sellside. However, I wouldn’t be surprised if Bitcoin suddenly spikes to 79K—so be cautious when going long, guys!
https://www.tradingview.com/x/8Tl8A1BU/ Hello,Traders! DXY has been making some Pretty wild moves on the Recent geopolitical news Lately so we need to be Trading this index with Caution, however, the Dollar index is approaching A horizontal support of 107.000 From where we will be Expecting a local Bullish correction Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
Today we have a trade recap from EUR/USD and GBP/USD making a solid 2R position.
a buy executed based on this score of +5 where Silver still has to go the way of Gold. This metal can still touch the 35 points. With that position the metal has only reached the high of October but if it imitates Gold it can go much further. We have placed a buy at 32,452.