Gold waterfall crashI think that gold is reaching a generational bubble peak right here and now, and I'm expecting one of the most epic crashes we've ever seen on news that these Trump tariffs have been greatly reduced & delayed.
Beyond Technical Analysis
IWM Below $195! Can it Survive the Gamma Squeeze Pressure?🧠 Macro Context
* The Trump tariff news shocked risk-on assets, and small caps were hit hardest.
* IWM broke below the $195-$199 demand zone, now sliding into dealer gamma hedging territory.
* GEX flow now clearly suggests a momentum-driven selloff, with risk of gamma acceleration if $192 breaks down.
📊 Technical Analysis (1H)
🔺 Previous Structure:
* IWM retested $201 after consolidating for days, then dumped hard, invalidating the breakout structure.
* The large red candle broke through the HVL zone ($199) and cleared multiple support levels in one move.
🔻 Current Zone:
* Trading near $192.40, where there's no immediate gamma support, making this a vulnerable spot.
Key Levels:
* Immediate Resistance:
* $198 – PUT Wall zone (2nd wall)
* $199–$201 – HVL, former support now resistance
* $203–$206 – stacked GEX CALL walls
* Support Zone:
* $191.43 – session low
* $190–$188 = potential short-term bounce zone if VIX compresses
* Below $188 = open gamma air pocket to $185
🧨 GEX + Options Sentiment
GEX Analysis (Options GEX ):
* 🔴🔴🔵 GEX = short gamma, dealers are likely short puts and hedging by selling into weakness.
* $198: 2nd PUT Wall and GEX floor — breaking this triggered the slide.
* No firm GEX support until $190, meaning price can overshoot downward.
Options Oscillator:
* IVR 40.4 / IVx avg 39.7 – moderate vol setup, but rising put pressure post-tariff.
* PUTs 21.5% – leaning bearish
* Spike in upcoming OPEX gamma positioning means dealers are reactive, not supportive.
🎯 Trade Setups
🐻 Bearish Continuation:
* Entry: Breakdown below $192.00
* Target: $190 → $188
* Stop: Above $195 reclaim
* Contracts: 0DTE or 2DTE $190P / $188P
🐂 Bounce Reversal Play:
* Only viable if $192.00 forms a strong base and we reclaim $195 with volume
* Target: $198–$201 (retest of breakdown)
* Contracts: 0DTE $195C / Spread to $198
🔍 Conclusion:
IWM is under pressure with no strong gamma cushion until $190. If $192 fails, expect volatility spikes. Dealers are likely hedging against further downside. Only reversal signal would be a strong reclaim above $195–$198, which may spark a reflex rally.
Suggested Play:
* Scalpers: $192.00 key pivot
* Swing: Bearish bias into $190 unless bulls reclaim $195 HVL zone
* Options: Puts for continuation / tight call spreads only above $198
Disclaimer: This is for educational purposes only. Always manage risk and trade with discipline.
BTC at a Crossroads: Breakdown or Fakeout to 84K?BTC Is At a Pivotal Level — Here's What I'm Watching
We're hovering around 81,300. If that breaks, I’m watching for a move down to 79K. If selling pressure continues, 74K is next. And if that fails, 64K is on the table.
But here’s the flip side — we could dip to around 81,200, hold, and squeeze up to 84K before the real drop begins. This is where traps happen. I’m staying cautious and letting price lead the way.
Kris/Mindbloome Exchange
Trade Smarter Live Better
IT COULD BE THIS EASY!No further commentary necessary here.
Comment, boost, shoot me a message, let me know that this is working for you guys too!
If you're new here, check out some of my videos and watch the market start to make sense!!
Happy Trading :)
Gold and Elliott Wave Theory.Wave 2(Green) was a Zigzag and we should expect a Flat correction for a Wave 4. An A Wave forms shortly after Wave 3 was formed and a Wave B should follow. B's have 3 waves-- two impulses and one corrective-- and in this case Wave A was a simple Wave that was corrected by a Flat for B(Black). Our last impulse is a 5 Wave move and is marked in Black. We are currently on Wave 4 which will be a Flat because 2 was a zigzag. We are currently on the last phases of the B wave(Blue) that comes before a C(Blue) also a 4(Black) in this case. A retest at the 261.8% would spark a Wave 4.
EUR/USD | Potential Reversal SetupSitting at a critical zone. Big money clustering around current levels, VRVP showing strong interest. MACD hinting at trend shift. 1.078 is the key resistance - break it, and we're looking at a nice move up. Rejection, and we might see another leg down.
Trading Plan:
1 Watch 1.078 closely
2 Bullish above, bearish below
3 Look for confirmation
i'll update that soon. the uncertainty of the tariffs april 2 will be a big catalyst to look at
Gold's April 2nd Swing: Tariffs Stir MarketsOn the morning of Wednesday, April 2nd, spot gold was trading in a narrow range, currently around $3,114 per ounce. Gold prices rose and then fell on Tuesday. Spot gold once rose to around the $3,150 mark earlier, reaching a new all - time high of $3,148.85 per ounce, but then declined due to profit - taking, closing at $3,114.03 per ounce, with a decline of about 0.3%. US President Trump planned to announce on April 2nd that comprehensive tariffs would be imposed on countries with which the US has a trade imbalance. This led to a large number of safe - haven buying orders, helping gold prices continue to rise. However, near the end, some bulls took profits in advance.
In terms of the 4 - hour - level trend, it is temporarily in a high - level range - bound oscillation, undergoing repair. Currently, the short - cycle moving averages are basically in a state of adhesion and flattening, suggesting that the trend is likely to remain in a high - level oscillation and repair within the day.
The 1 - hour moving averages of gold still show a bullish arrangement with a golden cross pointing upward. Although gold has broken below the moving average support, the strength of the bullish rebound of gold is still relatively strong. Coupled with the support of gold's safe - haven property, the bulls still have the upper hand. As long as the price does not break below $3,100, the bullish view remains unchanged. For intraday operations, it is recommended to focus on buying on dips. Pay attention to whether the support at yesterday's low of $3,100 holds. In the short term, pay attention to the resistance at $3,140 - $3,150 above.
XAUUSD
buy@3100-3110
tp:3130-3140-3150
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
EURGBP Discretionary Analysis: Dive Time, No Life Jacket NeededIt’s dive time, no life jacket needed, just that instinct telling me it’s going down.
You know that feeling when you’re about to jump in, but you’ve got no backup? That’s the vibe here.
I’m calling for a deep dive, and I’m riding it all the way. If I’m right, I’ll be making a splash with some profits. If not, I’ll just float back up and try again.
Just my opinion, not financial advice.
USDJPYHello Traders! 👋
What are your thoughts on USDJPY?
USDJPY is moving within a descending channel and has currently reached the top of the channel, just below a resistance zone.
We anticipate some consolidation in this area, followed by a potential drop toward the bottom of the channel.
For a safer sell entry, it’s better to wait for a break below the specified support level.
After the breakout, a pullback to the broken support could offer a good sell opportunity.
💡Will USD/JPY respect the channel and head lower, or break out to the upside? Share your view below! 👇
Don’t forget to like and share your thoughts in the comments! ❤️
Check if it can rise along the rising trend line (2)
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
We need to see if USDT and USDC can continue the gap uptrend.
-
(BTC.D 1M chart)
If BTC dominance rises above 62.47 and maintains or continues to rise, altcoins are likely to record a larger decline.
Therefore, you should think about how to respond to the altcoins you are trading.
If the uptrend continues, it is expected to rise to the Fibonacci ratio range of 0 (73.63) ~ 1 (77.07).
In order for the altcoin bull market to begin, it must fall below 55.01 and be maintained or show a downward trend.
-
(USDT.D 1M chart)
In order for the coin market to begin an upward trend, the USDT dominance must fall below 4.97 and be maintained or show a downward trend.
If it does not, and it rises, the coin market is likely to show a downward trend.
We need to see if it can meet resistance near the Fibonacci ratio of 0.618 and fall.
If not, the coin market will show a large downward trend as it rises to around 7.14.
-
USDT is likely to continue to rise.
This is because it is the fund that supports the coin market.
Due to this, USDT dominance is also likely to continue its upward trend.
Therefore, rather than following the overall flow of USDT dominance, it is better to look at where it starts to decline.
-----------------------------------------
(BTCUSDT 1D chart)
Whether the price can be maintained above the M-Signal indicator on the 1D chart while maintaining the price above the upward trend line (2) and passing through April 4-6 is the key.
In order to continue the upward trend, it must rise above 89294.25, so if possible, we should also look at whether it can rise above 89294.25.
If it does not and falls along the downward trend line, it is possible that it will touch around 73499.86 during the volatility period around April 25.
-
The most recently formed high-point trend line is trend line (3).
And, the recently formed low-point trend line is the (2) trend line.
Since these two trend lines are not moving in one direction, we can see that we are currently in the volatility zone.
If the StochRSI indicator rises this time and forms a peak in the overbought zone and then falls, the high-point trend line will draw an upward trend line like the low-point trend line.
When that happens, it seems likely that the trend will start.
Therefore, the point of interest is whether the two volatility periods in this April, around April 5 and around April 25, will become turning points.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- This is an explanation of the big picture.
I used TradingView's INDEX chart to check the entire BTC range.
I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).
(Previous BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(Current BTCUSD 12M chart)
Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).
Fibonacci ratio 0.618 (44234.54) is not expected to fall again.
(BTCUSDT 12M chart)
Looking at the BTCUSDT chart, I think it is around 42283.58.
-
I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.
In other words, it seems likely to act as a volume profile range.
Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.
To do that, we need to look at whether it can rise with support near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.
So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).
I will explain more details when the downtrend starts.
------------------------------------------------------
Very Interesting XRPUSDT Update: Did You Know...This is very interesting for many reasons.
How are you doing my friend in the law?
It's been a while, almost a month since we last spoke.
It is truly my pleasure to write again for you and I hope that you find this information useful in someway if not entertaining.
Whatever you do, you are awesome and you are great.
Life is the best thing the Universe has to offer and you are alive... Let's get to the chart.
Cryptocurrency Market About To Boom! —XRPUSDT
This is an XRPUSDT update on the daily (24-Hours per candle) timeframe.
Why interesting? Because I am still using the same chart I used back in February and XRPUSDT continues to trade above the 3-February low point. It is hardly necessary to highlight this on the chart but, I've done it for your convenience.
So here is the thing, I will recap because it's been a while. As long as XRPUSDT trades daily, weekly, etc., above $1.70, market conditions are strongly bullish. The longer it trades above this level the better the situation for buyers. The longer the consolidation phase, the stronger the bullish wave that follows.
Even with the upswing in January XRPUSDT has been sideways since late 2024.
We can say since December 2024 so sideways for four months. How much longer will it stay sideways?
Not much longer. Worst case scenario it goes into consolidation for another 60-90 days. That's the worst case.
Normal scenario would be 30-45 days before a major bullish impulse.
Best and most likely scenario is that the next bullish wave will start within 30 days. We are in-between the last two, the first one is out of the question for now.
Caution: If the market drops, tests and pierces $1.70 the bullish bias remains. In this type of scenario, we look at the weekly and monthly timeframes.
There was a low in early February and higher-low mid-March.
On a short-term basis, trading above $1.89, the 11-March daily low, is considered bullish. (Which means that the inverse would be considered bearish.)
There are no indications or signals coming from the chart pointing towards a new bearish-trend. None. The market has been sideways after a very strong period of growth. Current action is the consolidation of the previous move. When a bullish phase ends, we tend to see a strong decline right afterward, this happens with Crypto. When a bullish move makes a pause, we see sideways and this is what we have here. Actually, this chart is a strong one but still neutral. Neutral is the accumulation period for whales whom need months to load up. Since they purchase billions worth of Crypto, it takes time to plan and to move this money around and that's why it takes so long between each phase.
I am tracking whale alerts all of the time. Most of the money is in place. After the money exchanges hands and is positioned, there is always a small pause before the action starts. Money always moves before the action and never within the action. So the money moves, pause and then lots of price movements. While prices are moving, no big transactions are taking place, these are taking care of beforehand.
Consider the fact that there are hundreds of exchanges and everything moves simultaneously and at the same time. The only way this is possible is through long-term coordination and group planning.
What to expect?
Expect the market to heat up slowly. And after a slow rise and heating up then the bullish impulse and bull-run. It will be a long process and it will develop in many months.
If you are reading this now timing is great.
Spot traders can continue to buy and hold.
For leveraged traders, I have to look at some more charts before giving any suggestions. I will feel more comfortable when I read at least 100 charts.
Market conditions are changing and improving and it will do so long-term, but we still have one more month before May when the force will be in our favor, we are still in the sideways period, accumulation/consolidation. Boring? No! Time to study and prepare. The market gives us time to be at our best before the really good action starts and this is only good, don't you agree?
A bear-market means lower lows and lower highs long-term.
2025 is a bull-market year, likely to be the strongest ever. There is a huge difference. It is like calling night when it is day. It is like saying the sun is about to go up when the sky is ready to rain.
We are about to a see and experience a rain of cash flowing into the Cryptocurrency market and this will in turn send everything up. There is no bear market, we had a correction after a major advance and this is normal. After the correction is over we get consolidation, after consolidation prices will grow. Mark my word.
I appreciate you now and always.
Thanks a lot for your continued support.
Namaste.
Tariff highlights, gold price up or down ?⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) find support from dip-buyers during the Asian session on Wednesday, pausing the previous day’s pullback from a fresh record high. Investors continue to seek shelter in safe-haven assets amid uncertainty surrounding US President Donald Trump’s sweeping reciprocal tariffs and their potential repercussions on the global economy.
Additionally, escalating geopolitical tensions provide further support for bullion. Mounting concerns over a potential US recession, coupled with growing expectations of additional Federal Reserve (Fed) rate cuts, fuel demand for the non-yielding yellow metal.
⭐️Personal comments NOVA:
Gold price is still in a very stable uptrend, market tariff information waiting for the next price increase fomo
⭐️SET UP GOLD PRICE:
🔥 ATH : SELL 3173 - 3175 SL 3180
TP: 3165 - 3150 - 3140
🔥BUY GOLD zone: $3058 - $3060 SL $3053
TP1: $3070
TP2: $3080
TP3: $3090
🔥BUY GOLD zone: $3106 - $3108 SL $3103 scalping
TP1: $3113
TP2: $3118
TP3: $3125
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Alibaba - Don't Forget Chinese Stocks Now!Alibaba ( NYSE:BABA ) still remains super interesting:
Click chart above to see the detailed analysis👆🏻
After we saw the very expected parabolic rally on Alibaba about four months ago, Alibaba is now perfectly retesting major previous structure. Yes, we could see a short term pullback in the near future but this just offers a perfect break and retest after the rounding bottom pattern.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)
QQQ Slammed Below $465! Gamma Flip Confirmed QQQ Slammed Below $465! Gamma Flip Confirmed as Tariff Panic Grips Tech Sector
🌐 Macro Context (April 2, 2025)
Trump’s new tariff announcement this morning ignited fear of inflation returning and disrupted global trade expectations. That spooked big tech and growth-heavy indices like QQQ, triggering gamma-driven liquidation and a sharp intraday breakdown.
* Traders and dealers were not positioned for this headline — the rapid IV expansion and negative delta hedging caused a cascading sell-off.
* From a GEX perspective, today’s action triggered a flip below HVL ($471), with gamma accelerating downside volatility.
📉 Technical Breakdown – 1H Chart
Price Action:
* QQQ attempted to push through $475–$480, but got rejected violently.
* The huge red candle that nuked through $471 HVL and $469 confirmed a break of structure and bearish imbalance.
Support Zones:
* $455 – being tested now; psychological and options-related level
* $453.86 – today’s session low
* $450–$447 – likely short-term gamma target if weakness persists
Resistance Levels:
* $465 – 3rd PUT Wall
* $471 – HVL (now major resistance)
* $474–$477 – stacked CALL walls and former support
🔻 Options GEX & Dealer Positioning
GEX Flow:
* 🔴🔴🔵 = Short Gamma territory, and it’s growing more negative.
* Highest GEX support has disintegrated, with dealers hedging by shorting into the drop.
* Net GEX flipped negative below $471, increasing volatility.
* Dealer gamma continues to point down, with no major PUT walls until $450 zone.
Options Sentiment:
* IVR 38.4 / IVx avg 35.6 – slightly elevated vol, but with more room to rise
* PUTs 55.5% – bearish lean confirmed
* Expiry in 2 days + tariff panic = likely continuation or high chop volatility tomorrow
📌 Trade Setups
🐻 Bearish Continuation (Preferred Bias)
* Entry: Below $453.50
* Target: $450 → $447
* Stop: Above $458 reclaim
* Contract Idea: 0DTE or 2DTE $455P/$450P depending on risk appetite
* Note: Gamma trap zone from $455–$450 likely to accelerate price movement
🐂 Dead Cat Bounce Setup (Low Conviction)
* Only valid if QQQ reclaims $465+ with volume + positive options flow
* Target: $471–$474
* Play with small size or debit spreads due to risk of gamma reversal
🔍 Conclusion + My Thoughts
This tariff-triggered crash was unexpected, and it created a dealer short-gamma loop in QQQ. The break below $471 HVL turned the table fast. Unless QQQ quickly reclaims $465+, we're likely heading to test $450 levels in the coming sessions.
Tech tends to react aggressively to macro policy shifts, and the lack of near-term options support shows dealers are NOT stepping in. That opens the door for continued downside or extremely choppy relief rallies. Be fast. Be nimble.
🎯 Key Levels Recap:
🔴 HVL $471 Former support → resistance
🔻 Support $455 / $453.86 Price and psychological
🚨 GEX Target $450 / $447 Dealer hedging likely
🔼 Resistance $465–$471 Gamma ceiling now
📢 Final Tip: Watch VIX, bond yields, and /NQ overnight — any panic escalation may turn this into a larger gamma-driven flush.
Disclaimer: For educational purposes only. Not financial advice. Always manage your risk and position sizing accordingly.
Breaking: $PI Dips 18% Today, Reaching New All-Time Low The price of the notable crypto asset NASDAQ:PI saw a nosedived today plummeting 18% reaching a new all time low price albeit the general crypto landscape is in a bloodbath with CRYPTOCAP:BTC dipping to $81k pivot similarly assets like CRYPTOCAP:ETH , CRYPTOCAP:SOL , $TRUMP and a whole lot of tokens saw a massive selling spree except for NYSE:FUN token that surged 55% today.
As of the time of writing, NASDAQ:PI is down 13% with the RSI at 21, this is hinting at a bullish reversal prior to the falling wedge pattern depicted in the chart. Other factors that attributed to the crypto currency and stock market downturn is the Donald Trumps' tax Tariff edict leading to Over $1.65 trillion wiped out from US stock market at open.
What Is Pi Network?
Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem
Pi Price Live Data
The live Pi price today is $0.568544 USD with a 24-hour trading volume of $437,786,014 USD. Pi is down 16.31% in the last 24 hours. The current CoinMarketCap ranking is #27, with a live market cap of $3,862,744,520 USD. It has a circulating supply of 6,794,101,040 PI coins and a max. supply of 100,000,000,000 PI coins.
Penguin Solutions, Inc. (PENG) Reports Q2 Financial Fiscal ResulPenguin Solutions, Inc. (NASDAQ: NASDAQ:PENG ) today reported financial results for the second quarter of fiscal 2025 and announced the planned retirement of Chief Operating Officer (“COO”) and President of Integrated Memory Jack Pacheco.
Second Quarter Fiscal 2025 Highlights
Net sales of $366 million, up 28.3% versus the year-ago quarter
GAAP gross margin of 28.6%, down 20 basis points versus the year-ago quarter
Non-GAAP gross margin of 30.8%, down 70 basis points versus the year-ago quarter
GAAP diluted EPS of $0.09 versus $(0.26) in the year-ago quarter
Non-GAAP diluted EPS of $0.52 versus $0.27 in the year-ago quarter
“We are pleased with the progress we are making in fiscal year 2025,” said Mark Adams, Chief Executive Officer (“CEO”) of Penguin Solutions. “Our results reinforce our capabilities in managing the complexity of AI for our valued customers. Given our strong start to the fiscal year, we are raising the midpoint of our revenue outlook for the full year.”
Despite the commendable results, shares of NASDAQ:PENG are down 5% today albeit the general crypto and stock market landscape are facing extreme selling pressures amidst Donald Trump's Tariffs war with over $1.65 trillion wiped out from US stock market at open today.
The support point has already being broken with eyes set on the 1-month low as the support should selling pressure increased as there is more space for a cool off as hinted by the RSI at 40.
Analyst Forecast
According to 8 analysts, the average rating for PENG stock is "Strong Buy." The 12-month stock price forecast is $24.75, which is an increase of 40.87% from the latest price.
USD/JPY Trend Before and After Tariff Announcement✍ ✍ ✍ USD/JPY news:
➡️ Federal Reserve officials have indicated that interest rates should remain in the current range of 4.25%–4.50% for an extended period until they can assess the impact of Trump’s tariffs on inflation and economic growth.
➡️ Stronger-than-expected US ADP data provided significant support for the sharp rise in USD/JPY.
➡️ Meanwhile, the Japanese Yen (JPY) weakened against other currencies, as Trump’s policies could have a significant impact on Japan’s economic growth, given its status as one of the US’s key trading partners.
Personal opinion:
➡️ Trump’s tariff policies will significantly impact the economy nhant65. So JPY will weaken and USD/JPY will be strongly supported
➡️ Analyze based on physical dimensions - support and quantify reasonable volume with EMA to come up with a suitable strategy
Plan:
🔆Set up price zone:
👉Buy USD/JPY 149.75 – 149.85
❌SL: 149.40| ✅TP: 150.45 – 150.95
FM wishes you a successful trading day 💰💰💰
Bitcoin Price Trap Alert! Don't Get Fooled🚀 BTC is showing a small price hike, but DON'T mistake it for an uptrend! 🚀
📉 The market is still in a downtrend, and the price is entering a Bearish Order Block, which is a strong resistance zone. Many traders fall for this trap, thinking the market is reversing, but it's just a liquidity grab before another drop.
⚠️ Be cautious! Smart money waits for confirmations instead of jumping in blindly. Don't FOMO into the trap!
📊 Chart insights:
✔️ BTC is rejecting from a key resistance level
✔️ Downtrend is still intact
✔️ High chance of a bearish move from here
🔥 Stay smart, trade safe, and don't get caught in the bull trap! 🔥
#Bitcoin #CryptoTrading #BTC #TradingAlert #BearishTrap
XAG/USD Bullish Setup - Falling Wedge Breakout Towards TargetChart Overview
Asset: Silver / U.S. Dollar (XAG/USD)
Timeframe: 1-hour (1H)
Date and Time: Published on April 2, 2025, at 11:17 UTC
Publisher: GoldMasterTraders on TradingView
Current Price (at the time of the chart):
Open: 33.82300
High: 33.89005
Low: 33.79435
Close: 33.88880
Change: -0.05780 (-0.20%)
Price on the Right Axis: The price scale ranges from approximately 32.80000 to 35.25000, with the current price around 33.88880.
Chart Elements and Technical Analysis
1. Candlestick Price Action
The chart displays a 1-hour candlestick representation of XAG/USD, showing price movements from late March to early April 2025.
Trend Context:
Prior to the formation of the pattern, the price experienced a sharp rally from around 32.80000 (March 21) to a high near 34.60000 (March 27). This indicates a strong bullish trend.
Following this rally, the price entered a consolidation phase, forming lower highs and lower lows, which is characteristic of the Falling Wedge pattern.
Recent Price Action:
On April 2, the price appears to have broken out of the wedge pattern, closing above the upper trendline with a strong bullish candle. The current price of 33.88880 is above the breakout level, suggesting a potential continuation of the uptrend.
2. Chart Pattern: Falling Wedge
Pattern Identification:
The chart highlights a Falling Wedge pattern, a bullish chart pattern that can act as either a reversal or continuation pattern. In this case, given the preceding uptrend, it’s likely a continuation pattern.
A Falling Wedge is characterized by two converging trendlines:
Upper Trendline (Resistance): Connects the lower highs, sloping downward.
Lower Trendline (Support): Connects the lower lows, also sloping downward but at a less steep angle than the upper trendline.
The wedge started forming around March 27, after the price peaked near 34.60000, and continued until the breakout on April 2.
Pattern Dynamics:
The narrowing range between the trendlines indicates decreasing selling pressure and a potential buildup of buying interest.
Falling Wedges typically resolve with a breakout to the upside, as the price breaks above the upper trendline, signaling a resumption of the prior trend (bullish in this case).
Breakout Confirmation:
The price broke above the upper trendline of the wedge on April 2, with a strong bullish candle closing at 33.88880. This breakout is a key signal for a potential upward move.
The breakout level appears to be around 33.85000–33.90000, and the price is currently holding above this level, which is a positive sign for bulls.
3. Key Support and Resistance Levels
Support Level:
A horizontal support zone is marked around 33.58553 (approximately 33.58–33.60).
This level acted as a significant support during the wedge formation, with the price bouncing off this zone multiple times (e.g., on March 28 and March 31).
The support level aligns with the lower boundary of the wedge, reinforcing its importance as a key area of buying interest.
Resistance Level:
A resistance zone is marked around 34.60000 (approximately 34.60–34.80).
This level corresponds to the high reached on March 27, before the wedge formation began. It represents a significant barrier where selling pressure previously emerged.
After the breakout, the price is expected to test this resistance as part of the bullish move.
Target Level:
The target for the breakout is projected at 34.82470 (approximately 34.82).
This target is likely calculated using the standard method for wedge patterns: measuring the height of the wedge at its widest point (from the highest high to the lowest low within the pattern) and projecting that distance upward from the breakout point.
The target of 34.82470 is just above the resistance zone, suggesting that a break above 34.60000 could lead to further upside toward this level.
4. Stop Loss and Risk Management
Stop Loss:
The stop loss is suggested below the support level at 33.58553.
Placing the stop loss below this level ensures that if the breakout fails and the price falls back into the wedge, the trade is exited with a controlled loss.
The distance from the breakout level (around 33.90000) to the stop loss (33.58553) is approximately 0.31447, which represents the risk on the trade.
Risk-Reward Ratio:
The chart indicates a risk-reward ratio of 0.9467 (2.80% / 9,469.7).
The potential reward is the distance from the breakout level (33.90000) to the target (34.82470), which is approximately 0.92470, or a 2.80% gain.
The risk is the distance to the stop loss (0.31447), making the risk-reward ratio approximately 2.94:1 (0.92470 / 0.31447), which is favorable for a trading setup.
5. Additional Annotations
Arrows and Labels:
A blue arrow labeled “Falling Wedge” points to the pattern, clearly identifying it for viewers.
A green arrow labeled “Support Level” points to the 33.58553 zone, indicating where buyers have stepped in.
A red arrow labeled “Resistance Level” points to the 34.60000 zone, highlighting the next significant barrier.
A blue arrow labeled “Target” points to 34.82470, showing the projected price objective.
A blue arrow labeled “Stop Loss” points to 33.58553, indicating the risk management level.
Price Labels on the Right Axis:
The right axis shows key price levels, with the current ask price at 33.89900 (red) and bid price at 33.88558 (black), reflecting the live market spread.
Trading Setup Breakdown
Based on the chart, here’s the detailed trading setup:
Entry:
Position: Long (buy) XAG/USD.
Entry Point: The setup suggests entering after the price breaks out above the upper trendline of the Falling Wedge, which occurred around 33.85000–33.90000 on April 2.
Confirmation: The breakout is confirmed by a strong bullish candle closing above the trendline, with the current price at 33.88880, slightly below the high of 33.89005 but still above the breakout level.
Traders might wait for a retest of the breakout level (now acting as support) for a safer entry, though this isn’t explicitly suggested in the chart.
Stop Loss:
Level: Place the stop loss below the support level at 33.58553.
Rationale: This placement protects against a false breakout. If the price falls back below the wedge’s upper trendline and breaches the support, the bullish thesis is invalidated, and the trade should be exited.
Risk: The distance from the entry (33.90000) to the stop loss (33.58553) is 0.31447, or approximately 0.93% of the entry price.
Take Profit/Target:
Level: The target is set at 34.82470.
Rationale: This target is derived from the height of the wedge projected upward from the breakout point. It also aligns with a logical extension beyond the resistance at 34.60000.
Reward: The distance from the entry (33.90000) to the target (34.82470) is 0.92470, or approximately 2.80% of the entry price.
Risk-Reward Ratio:
The risk-reward ratio is approximately 2.94:1, which is attractive for a trading setup. For every unit of risk (0.31447), the potential reward is nearly 3 units (0.92470).
Trade Management:
Trailing Stop: Once the price approaches the resistance at 34.60000, traders might consider trailing the stop loss to lock in profits, especially if the price shows signs of stalling.
Partial Profit Taking: Some traders might take partial profits at the resistance level (34.60000) and let the remaining position run toward the target.
Broader Market Context
Trend Analysis:
The broader trend before the wedge was bullish, as evidenced by the rally from 32.80000 to 34.60000. The Falling Wedge, therefore, acts as a consolidation within this uptrend, and the breakout suggests a continuation of the bullish trend.
The price action after the breakout will be critical. A strong move toward 34.60000 with high volume would confirm the bullish momentum.
Volume and Momentum:
The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of a Falling Wedge breakout includes:
Volume: An increase in volume on the breakout candle, indicating strong buying interest.
Momentum: A bullish signal from indicators like RSI (e.g., moving above 50 or 70) or MACD (e.g., a bullish crossover).
Traders should check these indicators to validate the breakout’s strength.
Market Factors:
Silver prices are influenced by factors like U.S. dollar strength, interest rates, inflation expectations, and geopolitical events. On April 2, 2025, traders should consider:
U.S. Dollar Index (DXY): A weakening dollar typically supports higher silver prices.
Economic Data: Key releases like U.S. non-farm payrolls, inflation data, or Federal Reserve statements around this time could impact silver.
Geopolitical Events: Any risk-off sentiment (e.g., due to global tensions) could drive safe-haven demand for silver.
Potential Risks and Considerations
False Breakout:
If the price fails to hold above the breakout level (33.85000–33.90000) and falls back into the wedge, the setup is invalidated. The stop loss at 33.58553 mitigates this risk.
Resistance at 34.60000:
The resistance level has previously capped the price, and there’s a risk of rejection at this level. Traders should watch for bearish price action (e.g., a shooting star or bearish engulfing candle) near 34.60000.
Market Volatility:
Silver can be volatile, especially on a 1-hour timeframe. Unexpected news or economic data could lead to sharp price swings, potentially triggering the stop loss prematurely.
Timeframe Limitations:
This is a short-term setup on a 1-hour chart, so the target might be reached within hours to a couple of days. However, intraday noise could lead to choppy price action, requiring active trade management.
Conclusion
The TradingView chart by GoldMasterTraders presents a well-structured bullish trading setup for XAG/USD based on a Falling Wedge pattern. The price has broken out above the wedge’s upper trendline on April 2, 2025, signaling a potential move toward the target of 34.82470. Key levels include support at 33.58553 (where the stop loss is placed) and resistance at 34.60000, which the price must overcome to reach the target. The setup offers a favorable risk-reward ratio of approximately 2.94:1, making it an attractive trade for short-term traders.
However, traders should confirm the breakout with additional indicators (e.g., volume, RSI) and monitor broader market conditions, as this chart is a snapshot from April 2, 2025, and market dynamics may have evolved since then. If you’d like to search for more recent data on XAG/USD or check the outcome of this setup, I can assist with that!
NIO Charging UpNIO looking 🔥
Up up up — this weekly dip is a gift.
Strong support holding, volume picking up, and momentum building.
This is a textbook buy point on the weekly.
Charging up for the next run. ⚡️
GOLD will go for a nice dip before trying to make a higher atte.GOLD will go for a nice dip before trying to make a higher attempt.
Sell At my giving zone a strong sell at tge 15m-30m zone after manipulation targeting atleast 100-200pips in this sell.
EUR/USD Ready to Soar? Bullish Setup Unfolding!Hi traders! Analyzing EUR/USD on the 1H timeframe, spotting a potential entry:
🔹 Entry: 1.0831 USD
🔹 TP: 1.0983 USD
🔹 SL: 1.0672 USD
EUR/USD is respecting a key trendline support, suggesting a potential bullish continuation. RSI is holding above 60, and MACD shows signs of bullish momentum. If the price remains above the support line, we could see a push toward 1.0983 USD. Keep an eye on price action!
⚠️ DISCLAIMER: This is not financial advice. Trade responsibly.
