Gold rebounds and continues to riseThe market opened with a big positive rise in the morning, and then it kept fluctuating sideways, and then gradually rose in the European session, showing an overall fluctuating upward pattern.
For the current gold, this trend is in line with the technical market. On the one hand, the short trend fell sharply last week, and the market needs time to switch between long and short positions, not a linear fluctuation up and down.
On the other hand, it takes energy to accumulate through fluctuations from rebound to upward trend, so the market will not strengthen all at once in the initial stage, and it will rise in stages.
Therefore, for the time being, gold still maintains the idea of rebounding. The slow rise in the European market may continue in the evening. Focus on the first-line pressure of 2885-2887, where there may be some pressure to fall back. The lower support is at 2870-2871.
Chart Patterns
ETH, Next Stop => $2,750Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 ETH rejected the lower bound of the falling channel and the $2,100 - $2,250 support zone.
What’s next?
ETH remains in a correction phase, and a move toward the upper bound of the channel at $2,750 is expected.
🏹 As it retests the support zone, we will be looking for new short-term long opportunities.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Nifty Review & Analysis - DailyPrice Action :
Nifty closed flat of much drama
Technicals:
Nifty opened gap up in line with global cues to find sellers at every high. Nifty made new low around 22000 and bounced back to close flat below all DEMAs
The momentum indicator, RSI - Relative Strength Index closed below 30 suggesting oversold markets.
Support/Resistance
Major Support 21900
Immediate Support 22000
Immediate Resistance 22250
Major Resistance 22400, 22500
Trend:
Overall Trend is Bearish, Sell on Rise
Options Data:
Highest CE OI was at 22500 with highest addition at 22400 - Resistance
Highest PE OI was at 21900, highest Put writing seen at 22000, 21900 - No major support
PCR is 0.7 which indicates Bearishness
Futures Data:
FII Long/Short ratio at 16%/84%
FII Future positions saw little addition in longs +3K with no change in shorts
Nifty Futures price was flat with small addition of OI
Outlook for Next Session:
Nifty is weak Sell on every rise
Approch:
Short at higher levels for target 21500 with SL 22600
My Trades & Positions:
Holding Shorts in March monthly contract from 22850 levels (booked half at 22050 levels)
TSLA’s Next Big Move: Collapse or Skyrocket? Key Levels to WatchTesla (TSLA) is approaching key price levels that will determine its next move.
Potential Downside:
-If TSLA drops below $297, the next level to watch is $292.
-A break below $292 could lead to $283.
-If $283 fails, the price may drop significantly toward $222.
Potential Upside:
-If TSLA reverses, it could rise back to $384.
-A breakout above $384 could push it to $431 and beyond.
If this analysis added value to you, please like and share!
Kris/Mindbloome Exchange
Trade Smarter Live Better
NZDUSD capped by resistance at 0.5690The NZD/USD currency pair remains in a bearish trend, supported by the longer-term prevailing downtrend. However, recent intraday price action suggests sideways consolidation, indicating a potential buildup before the next significant move.
Bearish Scenario:
The key level to watch is 0.5690, aligning with the previous consolidation zone.
A potential oversold rally toward 0.5690, followed by a bearish rejection, could reaffirm the downtrend.
If sellers regain control, downside targets include 0.5580, followed by 0.5560, with 0.5530 acting as a key longer-term support.
Bullish Scenario:
A confirmed breakout above 0.5690 on a daily close would challenge the bearish outlook.
This could trigger further upside momentum, leading to a test of 0.5716, followed by 0.5770 if bullish pressure strengthens.
A sustained move above 0.5770 could indicate a broader trend shift.
Conclusion:
The overall sentiment remains bearish, but short-term consolidation suggests a possible test of 0.5690 before the next directional move. A bearish rejection at this level would reinforce the downtrend, while a breakout above 0.5690 would open the door for further upside. Traders should monitor price action closely at this key resistance zone for confirmation.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURCHF Complex Correction Pattern developmentEURCHF Complex Correction Pattern development
EURCHF is currently developing a complex correction, influenced by both technical and fundamental factors.
Technically, it appears that EURCHF has completed the C wave down of a larger pattern, with the price now rising to complete another D wave.
It remains uncertain whether the pair will move down again or if this could lead to an even larger bullish wave.
After any correction, EURCHF is expected to rise to 0.9470, and potentially up to 0.9500.
Be careful because EURCHF is a risky currency pair for the time being.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDJPY: Bears Will Push Lower
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USDJPY pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
Are gold bulls back?Today, gold retraced its lowest to 2859 and then started to rebound. Gold is currently trading around 2870. Are gold bulls back?
After opening in the morning, it showed a volatile upward pattern. As far as the current trend of gold is concerned, although gold continues to rebound, this rebound is not strong and can only be regarded as a technical repair. From the hourly chart, the short-term resistance above is suppressed in the 2880-2890 area. When the price touches this area, we can consider shorting gold in a timely manner. The target area below is the 2865-2855 area.
Brothers, profit is the ultimate goal of trading, and accumulating profits is what changes your life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals, make stable profits, or want to learn the correct trading logic and skills in depth, you can consider joining the channel at the bottom of this article.
Monitoring Gold (XAUUSD) for Short Opportunity at 2892I’m looking to go short on Gold (XAUUSD) around the 2892 level. While Gold is currently at the 2875 resistance, it is not reacting due to pending news and the US market opening. I’ll monitor for a potential spike to 2892 to enter the short position.
MLCF – Breakout vs. Fakeout – What to Watch?
:
The stock is testing a long-term resistance trendline, which has previously acted as a strong barrier.
A breakout should be confirmed with strong volume for sustainability.
If a rejection occurs, price action could see a short-term pullback before retesting resistance.
Key price target post-breakout: 58+ PKR
Potential Buying Zones:
Buy-1: Around 48-16%
Buy-2: Around 44-22%
Gold fell sharply below the low and continued to shortGold fell below the low of 2890-2888 yesterday, and the lower support line of the rising channel was also broken. The short-term trend turned bearish, opening up the space below, which means that the magnitude of this round of retracement will be relatively large.
The daily line closed with a big negative below the short-term moving average. Gold will continue to fall today. Focus on the support of the 30-day moving average, which is about 2850. If we look at the entire increase from 2853 to 2956, the retracement support level of 283 is at 2813.
Gold continued to fall at the opening in the morning, with the lowest price hitting 2856. In the afternoon rebound, focus on the pressure at 2876, and expect a second decline. The watershed is at 2885, and the support below is around 2850. The strong support is at 2834-2835, and a rebound may be expected.
GOLD - Price can continue to grow and exit from wedgeHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
The price started to grow inside the rising channel, first reaching the support line and then rising to the $2835 support level.
Next, Gold broke this level and continued to move up and rose to $2930 level, after which started to fall in wedge.
Gold exited from a channel and continued to decline near support line of wedge, but later it bounced to resistance area.
Long time XAU trades in this area and reached resistance line of wedge, after which turned around and started to fall.
Price broke $2930 level and fell to support line of wedge, after which bounced and made a gap.
So, I expect that Gold can correct little and then rise to $2930 level, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDCHF sideways consolidation The USD/CHF currency pair remains in a bullish trend, supported by the longer-term uptrend. However, recent intraday price action has been consolidating near the previous breakout zone, signaling a potential buildup before the next directional move.
Bullish Scenario:
The key level to watch is 0.8950, which aligns with the previous consolidation range and the support trendline zone.
A corrective pullback toward 0.8950, followed by a bullish bounce, could reinforce the uptrend.
If buyers regain control, upside targets include 0.9050, followed by 0.9074, with 0.9120 acting as a key longer-term resistance.
Bearish Scenario:
A confirmed breakdown below 0.8950 on a daily close would weaken the bullish outlook.
This could trigger a deeper retracement toward 0.8913, with further downside potential extending to 0.8860 if selling pressure persists.
A sustained move below 0.8860 could indicate a broader shift in trend, increasing the risk of further declines.
Conclusion:
While the overall trend remains bullish, the ongoing sideways consolidation suggests a potential retest of 0.8950 before the next move. A bounce from this level could reaffirm the uptrend, while a break below 0.8950 would expose further downside risks. Traders should monitor price action around this critical support zone for confirmation of the next trend direction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
CADJPY BULLISH CADJPY – Potential Bullish Reversal Setup
CADJPY has been in a sustained bearish trend; however, signs of a potential reversal are emerging. A bullish divergence has been identified on the RSI, signaling weakening bearish momentum. Additionally, the price has broken out of a parallel descending channel, further supporting the possibility of a trend reversal.
Moreover, the structure has shifted as the previous Lower High (LH) has been broken, indicating the first sign of bullish strength. Based on this confluence of factors, I am entering a buy position immediately, anticipating further upside continuation.
Key Confluences:
RSI bullish divergence
Breakout of the descending parallel channel
Structure break of the previous Lower High (LH)
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always manage your risk accordingly.
NATURALGAS BREAKOUT WATCH: BULLISH MOMENTUM?📊 Natural Gas Detailed Analysis – 1HR Timeframe 📊
Pattern Formation & Breakout Potential: Natural Gas has been trading within a falling wedge pattern, a bullish reversal structure, indicating potential upside momentum.
A breakout attempt is visible as the price is trying to sustain above the wedge resistance.
Key Observations
✅ Resistance Zone: 343 - 345 (previous supply zone, acting as resistance)
✅ Support Zone: 330 - 335 (previous accumulation area)
✅ Volume Spike: Increased buying interest indicates strong demand near the lower levels.
✅ EMA (55): Currently acting as dynamic resistance near 342-343. A sustained breakout above this could trigger a further upside move.
🎯 Target Levels:
First Target: 350
Second Target: 354
Extended Target: 360 (if momentum sustains)
🛑 Stop-Loss Strategy: Placing SL below 338 ensures a safe risk-reward ratio in case of a false breakout.
A breakdown below 330 invalidates the bullish setup.
If price breaks above the resistance zone and sustains with strong volume, it can trigger bullish momentum towards 350-354 levels.
However, failure to hold above resistance can result in sideways consolidation or a pullback before the next leg of movement.
Disclaimer: Traders should watch price action closely and wait for confirmation before entering positions.
📢 Stay alert for market developments and manage risk accordingly! 🚀🔥
#NaturalGas #TradingAnalysis #Breakout #CommodityTrading #MCX