Bitcoin has entered a pullback phase within the current uptrend, and the continuation of the trend is expected following this correction
1. XAU/USD recently recorded an all-time high (ATH) at the 3150 level. 2. Following a healthy retracement, we are now eyeing potential long opportunities near the 3100 zone. 3. The 3100 level presents a favorable risk-reward entry point, aligned with historical support. 4. Market sentiment remains bullish, supported by strong fundamentals and ongoing geopolitical tensions. 5. A breakout above the previous ATH could open the door for a continued rally toward higher resistance levels. 6. Our upside targets for this move are in the range of 3450 to 3500, offering considerable profit potential. 7. Price consolidation near 3100 indicates accumulation, reinforcing the long bias. 8. We anticipate renewed buying pressure as the market tests key psychological and technical levels. 9. Risk management will be crucial, with stops ideally placed just below the 3050 support region. 10. Overall, this setup offers a compelling long trade backed by technical structure and market momentum.
?News side: 1. Progress in Sino-US tariff negotiations: The United States has recently contacted China through multiple channels, releasing signals that a trade agreement may be reached. Market concerns about trade friction have significantly cooled down, weakening the safe-haven appeal of gold. 2. The U.S. non-farm payrolls report for April will be released today (expected to add 130,000 new jobs). If the data is weak, it may strengthen expectations for an interest rate cut. On the contrary, if it is stronger than expected, the interest rate cut schedule may be further delayed. ?Technical aspects: Gold bottomed out yesterday and has now rebounded to around 3250. For the current market situation, the previous low of 3260-3270 has become an important resistance level above the gold price after the top-to-bottom conversion. In addition, non-agricultural data will be released in the U.S. market today. Therefore, if gold wants to reverse upward, the first resistance will be in the 3260-3270 range. If the counter pull from the bottom fails to stabilize at 3270, then there will be a downward trend. If it breaks through this resistance range, it may test the 3286 line. Before the release of non-agricultural data, the European market can be shorted when encountering resistance at 3260-3270. Everyone is waiting patiently for the opportunity to enter. The following focuses on the important support of 3200. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
This is an illusion of my kind for the chart — when we reach "S+", opening a double short position will be the best and lowest-risk move in the chart. It's better to place the stop around 5800. CMCMARKETS:SPX500M2025
? ? Earlier today I posted an analysis on the US500, highlighting how price has traded into a weekly bearish order block ? — a key distribution zone where I believe smart money could look to unwind positions. The market is currently overextended and sitting at a premium, which raises the risk of a potential aggressive retrace ?, especially heading into the weekend. ⚠️ ? Here's a video where I break down that exact setup and walk you through my full thought process, including why I’m exercising extreme caution at these levels and what I’m looking for in terms of confirmation. ? As always, this is for educational purposes only — not financial advice. ??
Elliot wave analysis of Bitcoin's current move up. The count isn't pretty but it shows a potential 5 wave move up. This is likely the start of a larger up trend.
By Ion Jauregui – Analyst, ActivTrades The pair advanced throughout the Asian session, pushing the dollar higher against the pound sterling. A combination of discouraging UK economic data and persistent signs of macro weakness—despite mixed JOLTS employment figures in a clearly disinflationary U.S. economy—could pave the way for Federal Reserve rate cuts. Although UK PMI data beat expectations at 45.4 points last month and bank lending to individuals has been rising, the growth in money supply highlights increased household indebtedness against a backdrop of fewer mortgage approvals. Today’s dollar strength may be driven by this dovish monetary bias. Key indicators have yet to be released, but the scheduled speech by New York Fed President John Williams could offer clues about the Fed’s cut timeline. The recent dollar weakness aligns with market pricing for up to four 25-basis-point rate cuts before year-end. The latest range suggests carry-trade movements between the April 28 high at $1.34432 and today’s support zone around $1.32597. The point of control (POC) sits just above that support and below the current price. Delta zones mark strong resistance near $1.33271, a level tested on four previous occasions. The RSI rests in light oversold territory at 49.27%, having recovered from 24–26% in yesterday’s session. It’s highly likely the dollar will see pronounced moves today following the Non-Farm Payrolls (NFP) release, given the market’s bearish expectations and rumors of potential U.S. “stagflation.” The pound remains on the front foot against the dollar, supported by a macro-technical backdrop that favors further gains—provided no surprises emerge from U.S. data. The immediate focus is on employment figures and monetary policy signals. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
Diametric pattern in B-wave ? faster retracement upside (C-wave) will confirm.
Looking for a retrace into 143.9 and then a move to 149.400 weekly and monthly supply . https://www.tradingview.com/x/JQroJjht/ https://www.tradingview.com/x/kCK9gG4B/ https://www.tradingview.com/x/sQx3iRnU/
As long as the index fluctuates above the support area, the upward trend will likely continue. Otherwise, the correction will continue to the specified support levels.