https://www.tradingview.com/x/1WNvull0/ Yesterday, AMEX:GLD closed with a Bearish Engulfing pattern. However, rather than offering a sell-on-strength opportunity, it opened sharply lower today—a move generally favorable for risk assets. ? Key Technical Levels: First Horizontal Support: ~$294.40 (Stop) Additional Support Zones: ? $278.32 ? $272.58 (Stop) Ultimate Support: ~$261.24 (Stop) This level is unlikely to be tested unless we see a sharp reversal in macro trends like inflation, global trade dynamics, and productivity.
we may see Big correction same as old scenario, simple chart for 1h chart RSI over bought, and we may see a long correction, unless we have a strong support that keep us moving upwards
Chart Description – XAUUSD 1H (Gold Spot vs. USD) This is a multi-scenario Smart Money Concept (SMC)-based projection chart for Gold (XAUUSD), focusing on potential bullish retracements and major bearish continuations, incorporating Buy Zones, Sell Zones, and Change of Character (CHOCH) areas. ? Key Components: ? Sell Zones Two sell zones are identified, with the highest near the All-Time High (ATH) around the $3,500 mark. These are areas of expected bearish reaction if price retraces upward after a low. ? Buy Zones Located between $3,200 – $3,160 and another deeper one near $2,960, where potential bullish reactions may occur. ? CHOCH - 4H Marked in red around $3,260 area, indicating a 4-hour Change of Character, suggesting a potential shift from bullish to bearish sentiment. ? Key Price Levels $3,120: Historical support/resistance. $2,956.20: Major swing low and key demand zone. ? Projected Market Path (Colored Waves) ? Blue Path (Bullish Retracement Scenario) Price is expected to retrace into a sell zone around $3,400–$3,460 after testing the current demand. From there, a major sell-off is anticipated. ? Cyan Path (Bearish Continuation) Following the retracement, the market is projected to break below the recent low and head toward lower buy zones, potentially near the $3,120 and $2,960 regions. Shows lower-high and lower-low formation, consistent with a bearish trend. ? Market Sentiment This chart suggests a bearish outlook for Gold unless a structural shift invalidates the CHOCH zone and supply levels. The chart highlights the importance of: Waiting for confirmation in the supply zones before shorting. Considering buy opportunities only in valid buy zones with bullish reaction confirmation.
Stock on triggering level , it's target prices above 8 $ Stock was since it begun on correction Zigzag , seems it will be higher degree of combination double formation . It worths more than 4 $ and above .
Gold is currently sitting on a key support zone I’ve also observed multiple wicks rejecting lower prices around this level, suggesting buying pressure is stepping in. This trade is a short-term bounce play. I aim to catch a move back toward the 3,326–3,330 area, which aligns with minor resistance from a previous lower high.
See notes on chart for more detail. Price breaking downward trend line Price removed opposing resistnace/supply Demand created valid for pullback or wait for confirmation once price comes back.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3220 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3220 support and resistance area. Trade safe, Joe.
GBPUSD has clearly rejected the 1.3413–1.3443 resistance zone—a key area that previously acted as strong supply in September 2024. The pair has formed a bearish rejection candle and is now showing signs of downward momentum. Key Levels: Resistance: 1.3413 – 1.3443 (major rejection zone) TP1: 1.3176 (minor structure) TP2: 1.3014 (key demand zone) TP3: 1.2890 (deeper support target) Bearish Confluences: Price rejected from major resistance Bearish candle formation Previous similar reaction from the same level Momentum indicators favor downside ? Fundamental Analysis: ? UK Data Weakens Further: According to the latest S&P Global Flash UK PMI (Apr 23): Composite Output Index: 48.2 (vs 51.5 in March) – 29-month low Services PMI: 48.9 – 27-month low Manufacturing PMI: 44.0 – 20-month low This shows UK private sector activity contracting, led by a steep fall in new export orders, the worst since May 2020. ? Inflation Still High: Despite falling activity, input and output prices surged, driven by National Insurance hikes and wage growth. This makes it harder for the BoE to justify a cut, despite recession signs. ? Conclusion: The bearish rejection at 1.3413 resistance, combined with deteriorating UK fundamentals, suggests a strong downside setup for GBPUSD. A break below 1.3176 would confirm the bearish move, targeting 1.3014 and potentially 1.2890.
Hype is in big uptrend, crypto bullish, s/r flip, playing retest and entering on liquidity run. it going up, or maybe not, but i think so, so go long
BBFL is in Phase C of Wyckoff Accumulation Range It is making Higher Lows and Higher Highs on 1H TF It's expected to breakout of this accumulation zone soon Buy1 51 Buy2 49 TP1 57 TP2 66 SL 47