Gold finally ready for retracement/correctionEasy to read bearish correction. All metals had already gathered a bearish close on daily, gold gave great FVG short entry on hourly this morning.
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Candlestick Analysis
NAS still stuck in consolidation Market open is looking bearish on the session to end the week. Levels are clear but PA is stuck between the levels.
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XAU/USD M30 Trade IdeaIf price break 3026 and restest this area, it is a good posibility to take a sell with TP in the TP Area and SL above 3031.
Solid Comeback by Nifty on Weekly Chart. 1 hurdle remaining. Nifty made a solid comeback gaining 4.26% this week. One major hurdle remaining which is 23403. If Nifty can close above this level the next resistances will be at 23809, 24030, 24215, 24443, 24667 and 24873 before Nifty can regain 25K levels. The supports for Nifty on the lower side if it is not able to cross the major hurdle at 23403 will be 23109, 22789, 22334 and 21974. As of now the Bulls have done well turning the shadow of the candle positive for the next week.
However there is also a small possibility of 23403 becoming Achilles heel for the rampant Bulls. Weekly RSI is at 48.89 which means it has entered the bullish territory. MACD or the Moving Average Convergence and Divergence has not fully moved into the Bullish territory but it has certainly taken the turn towards the convergence.
So overall it was a great week for bulls after a long time but one final hurdle of the Bear 'Chakravyuh' remains to be conquered.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
XAUUSD Update – 21 March 2025 Good morning from London, 10:46 AM.
Price is in premium on the daily swing and has tapped into the daily imbalance.
Yesterday we took longs from the wick and closed them early in the Asia session.
Currently watching for a push up into intraday resistance, followed by a possible move down into 1H and 4H points of interest.
Key areas of interest for Shorts: 3042–3045.
Intraday longs are in play.
Will look for short setups if price gives a signal on the 15M chart.
Bias remains fluid – we’ll respond to what the market prints.
Let’s see what unfolds.
Potential 30 minute quick scalp on GER30.Price has broken below the previous support after some consolidation. So watch out for retracement to the support (now turned into resistance level) and continuation downwards.
This idea is valid if the 30 minute candle closed below the red resistance level. It is important to wait for a pullback to that zone again to allow price to pick liquidity before moving down.
US30 UpdateIf we see a pullback around 19650 and then price rejecting that area again, it should open doors for more downside.
Conversely, if price breaks 19650, and we see a healthy 30 minute candle closing above that level, then we look to take some buy scalps from that zone.
NZDUSD: Bullish Continuation From Support 🇳🇿🇺🇸
There is a high chance that NZDUSD will continue growing today.
The price formed a cup & handle pattern on a key daily support.
We can expect a bullish movement at least to 0.5774 resistance.
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Gold quick scalp from supportIf the current 15 minute candle pulls back and breaks the previous 15 minute candle high.
GBPAUD: Pullback From ResistanceThe GBPAUD pair appears to be showing a bearish trend on the 4-hour time frame after testing a significant intraday resistance.
An inverted cup & handle pattern was formed on the hourly chart, along with strong bearish momentum this morning, indicating a potential downward movement.
I believe that the market may retrace back to the 2.0500 support level at the very least.
Nasdaq analysis: 21-MAR-2025Good morning, traders! Today's Nasdaq analysis will help you achieve your trading goals. Let's work together towards success.
Gold trading zones: 21-MAR-2025Good morning! Find today's Gold trading zones and enhance your market analysis.
London session sell setup on USD/CADGood morning traders
USD/CAD for the London session we expecting to see price deliver lower to take out yesterday’s low marked sellside liquidity. Good luck
GOLD (XAUUSD): Correctional Movement Ahead?After experiencing a strong uptrend, ⚠️Gold appears to be overbought.
By analyzing the 4H chart, we can see a complete head and shoulders pattern.
A bearish trend will be confirmed if the price breaks below the horizontal neckline.
If a 4-hour candle closes below 3022, we can anticipate a significant pullback to around 3000.
Bitcoin - Shot-Term Relief Rally to $88k?Pay close attention to bitcoin and the stock index markets. In the past, we have seen closer and closer correlation between the higher timeframe movements of both markets, noticeably Nasdaq and Bitcoin.
Low hanging fruits is important here as we are still trading inside of a range but with the high impact news events releasing this week, its possible for a bullish draw to FWB:88K
Rate Announcement Will Cause EXTREME Levels Of Volatility!With a tremendous amount of high impact news being released next week, you can expect very high levels of volatility especially coming up towards the first rate announcement.
Last weeks price action delivered to the upside as expected but I do still believe there is unfinished business at the 4.343% - 4.404% weekly PD array.
I expect price to expand to the upside following the high impact news being released next week. This can lead to investors chasing higher yields in risk off conditions
GBPJPY Daily AnalysisPrice action has not been clean, and the recent upside has found a resistance at around 195 level. We are not keen on any sells at the moment but will look for buys if 195 level breaks and price sustains there for some time (30 minute of 1 hour closure should be enough). That will open doors for price to target around 197 levels. Alternatively, if price drops towards the green support zone, then we can look for buys again after watching for any reaction in that zone (30 minute of 1-hour bullish candle). We need more information for any sells at the moment.
Gold Daily AnalysisPrice has been ranging in the lower timeframes after making a fresh high of around 3057. There are no significant data releases today so it could range further between the red resistance and green support zone. However, since today is Friday, we could see an end of week profit booking, which could make the way for some sells. But beware that gold has been in a massive uptrend fueled by geopolitics, and it could make a way up at any time. Any sells may have to be accompanied by regular profit booking and continuous monitoring since price to spike up at any time based on war tensions or tariff news.
BTC Daily AnalysisPrice has been forming a bearish flag pattern and it may bounce around in the parallel channel before making any significant move towards either side. But, based on the bearish momentum over the last couple of weeks and the previous daily, it is increasingly likely that the next move could be downwards at the break of this channel.
Boldly short gold, the bear has awakened!📌Bros, as mentioned in the previous article, Marvin invites you to grab a cup of coffee and quietly watch the dancing bears.
📍As I just said, if gold cannot break through the 3040-3050 area, it will build a head and shoulders structure in the short-term structure, and gold may accelerate downward to the 3020-3010 zone.
🔎Xauusd: @3040-3050 Sell
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BTC: Capture buying opportunities accurately📍Fundamentals: From a macro perspective, with increased government endorsement, cryptocurrencies are gaining greater credibility and popularity in the market.
📍Technical Analysis:The downward momentum of BTC is showing signs of exhaustion, with multiple rebounds forming a structural bottom that provides strong support. Overall, the bullish trend remains intact. The key support zone to monitor is 83000-82000.
📌If BTC fails to break below this level in the short term, a rebound is likely, with upside potential targeting the 88000-89000 range.
🔎Trade Idea:
BTCUSD: Buy at 83000-82000
Target (TP):88000-89000
Stop Loss (SL):Adjust according to risk tolerance.
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
SILVER (#XAGUSD): Bearish Reversal ConfirmedSilver formed a classic head and shoulders pattern on the 4-hour chart.
Following the release of US fundamentals today, the price quickly dropped significant and broke below the pattern's neckline.
The price currently retesting the broken neckline, suggesting a potential continuation of the bearish reversal.
The next support levels to watch for are at 33.05.
USDJPY ShortBulls have been pushing UJ higher since the NY open. With price being overall bearish on USDJPY right now I am looking at adding to my position on a retracement of this initial profit taking bear candle.
