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Fibonacci

audusd 4h buy ideaOn the AUDUSD 1D chart, a large bullish channel has formed. Within this channel, a smaller channel broke downward, and the price is now pulling back. Currently, the price is rising with a bearish pattern, and another smaller pattern has formed inside it. The price is testing its previous high and appears to be rejecting downward. The key level and Fibonacci 0.618 retracement align at the lower point, suggesting that the price may rise toward the previous key level at 0.64584, which is also the upper boundary of the channel. This chart only includes the smaller timeframe channel for reference.
Long
by Tellmenn_TrADeR
Gold Upward Trend Continues with $2975 Target in SightThe gold market is currently experiencing a bullish trend, and technical indicators suggest that this momentum is likely to continue. Based on the 4-hour chart analysis, gold is approaching a new high, with the next key price target set at $2975. Technical Analysis & Market Outlook Price Trend & Momentum Gold prices are on an upward trajectory, indicating strong bullish sentiment. The market is showing a consistent push toward higher price levels. Fibonacci Retracement Signals Bullish Continuation The Fibonacci 0.5 retracement level has been successfully completed. This technical confirmation suggests that the correction phase has ended, and the price is likely to continue its upward movement. Key Resistance & Support Levels The next major resistance level is at $2975, which serves as a potential price target. On the downside, if the market faces any pullback, previous support zones $2878 will play a crucial role in stabilizing the price. Market Expectations Given the technical setup, gold is expected to maintain its bullish momentum in the short term. Traders and investors should monitor key resistance levels, while also keeping an eye on macroeconomic factors such as inflation data, interest rates, and geopolitical developments, which can influence gold prices further. In conclusion, with the Fibonacci retracement completed and the market pushing toward new highs, gold is well-positioned to reach $2975 in the coming sessions
OANDA:XAUUSDLong
by AndroMarkets
1
Mexican Peso Shows Resilience Despite ChallengesThe Mexican peso advanced 0.35% during the session, demonstrating remarkable resilience amid negative signals from the Mexican industrial sector and economic uncertainties in the United States. However, the near-term outlook for the currency presents considerable challenges. In Mexico, recent industrial data has raised concerns among investors. The Monthly Indicator of Industrial Activity (IMAI) fell 0.4% in January, accumulating an annual decline of 2.8%. The most significant deterioration came from the mining and extraction sector, particularly oil and gas, which saw sharp contractions of 8.8% and 10.7%, respectively. Additionally, the construction sector remained weak with an annual drop of 6.7%, while manufacturing declined slightly by 0.8%, with textiles, machinery, and metal goods suffering the most pronounced losses. On the international front, the recent moderation in U.S. inflation has provided some support to the Mexican peso. The Producer Price Index (PPI) remained unchanged in February, coming in below market expectations. Additionally, the recent slowdown in the U.S. Consumer Price Index (CPI), which fell to an annual rate of 2.8%, reinforces expectations of a potentially more dovish Federal Reserve. This scenario could benefit emerging market currencies, including the Mexican peso. However, significant risks remain. Global trade tensions and concerns about a potential U.S. recession could drive an increase in risk aversion, negatively impacting the peso in the short term. Market attention will be focused on the upcoming Federal Reserve monetary policy decision. A dovish stance would clearly favor the peso, while a more aggressive monetary approach would strengthen the U.S. dollar, putting additional pressure on the Mexican currency. For now, the peso has shown resilience, but it will navigate cautiously while awaiting clarity on these key fronts. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Nasdaq Hits Double Top Target – What's Next?Amid declining economic confidence and economic growth forecasts, stimulated by expanding trade wars, the Nasdaq has reached the double top pattern target formed between the December 2024 and February 2025 peaks at 19,100. This level also aligns with the 0.618 Fibonacci retracement of the uptrend from the August 2024 low (17,230) to the February 2025 high (22,245). The 19,000 barrier holds significant technical weight, as it coincides with: The golden Fibonacci ratio and the double top pattern target. Oversold conditions on the daily RSI, previously seen in August 2024 and dating back to similar levels in 2022 on the 3-day time frame. Key Levels to Watch: 🔻 Downside Risk: If market turbulence intensifies and the Nasdaq drops below 19,000, the next key level is the 0.786 Fibonacci retracement at 18,300, with potential interim support at 18,700. 🔺 Upside Potential: If markets respond to oversold momentum conditions, a break above the short-term resistance at 19,700 could trigger rallies toward 20,000, 20,300, 20,700, and 21,000. A strong hold above 21,000 could extend bullish momentum back toward record highs. Key Events to Watch: US PPI Data (Today) US-Canada Trade War Developments US Consumer Sentiment Report (Friday) - Razan Hilal, CMT
FOREXCOM:NAS100
by FOREXcom
relief pumpSeems like election bull was already priced in, new money got washed. Bonds are making a comeback, cash is a position. Expecting more downturn after a relief pump, coinciding with yields retracement. Yields trending with equity price are usually signs of either economical expansion or economical fears, such as slowdown or recession, during up and downs. The markets just jumped from one narrative to the other: expansion(trump gets in office) ---> slowdown(tariffs imposed) I think the expansion narrative will take a while to settle back(end of Q2 at least) after all the executive orders signed. Although, I'm still long for the month of March, nice opportunity for a relief pump, before resuming of slowdown narrative.
TVC:US10YLong
by Osmanomics
Gold’s Next Move: A Pullback Before the Breakout?🔵 Current Market Overview: Gold in Consolidation Gold has been consolidating in a tight range following a strong bullish impulse, as seen in the highlighted zone on the chart. This phase of sideways movement suggests that the market is gathering momentum before the next major move. Consolidation typically occurs when buyers and sellers are in temporary equilibrium, and a breakout or pullback often follows. Despite this consolidation, gold remains fundamentally strong, largely due to macroeconomic factors and global uncertainties. The demand for gold as a safe-haven asset has been increasing, which has contributed to its strong performance. However, before continuing higher, gold might seek liquidity at lower levels, triggering a retracement before the next leg up. 📉 Technical Analysis: Why a Pullback is Likely 🔹 Key Levels to Watch Support Line – A rising trendline acts as a strong dynamic support level, aligning with potential retracement zones. Golden Pocket Zone (0.618 - 0.65 Fibonacci Retracement) – A historically significant level where price often reverses. Local Resistance (Consolidation Range) – The price is struggling to break out of this range, indicating that liquidity may still need to be gathered at lower levels. 🔹 Expected Price Action Gold is currently consolidating, meaning price is moving sideways after a large bullish impulse. A retracement towards the golden pocket and trendline support is a high-probability scenario before gold resumes its uptrend. Once the price reaches this zone, we can anticipate a strong bounce if buyers step in, aligning with the overall bullish momentum in the market. 🔹 Confluence Factors Supporting This Setup Trendline & Fibonacci Alignment – The golden pocket overlaps with a key trendline, adding extra support. Liquidity Zones – Large players often push price lower before a continuation to shake out weak hands. Market Structure – A classic bullish retracement before continuation upwards. ⚡ Fundamental Strength of Gold While technical analysis points to a short-term retracement, the broader macroeconomic landscape supports gold’s long-term strength. 🌍 Key Fundamental Factors Driving Gold’s Strength Global Economic Uncertainty – Ongoing geopolitical tensions, inflation concerns, and central bank policies are increasing demand for safe-haven assets like gold. Inflation & Interest Rates – Central banks’ policies regarding interest rates significantly affect gold. With concerns about inflation still present, gold continues to attract investors looking for stability. Stock Market Volatility – As riskier assets experience turbulence, gold remains a favored hedge against economic instability. Institutional Demand – Central banks and large financial institutions have been increasing their gold reserves, adding to its bullish outlook. Given these factors, gold’s long-term trajectory remains bullish, but short-term pullbacks are a natural part of market movement. ✅ Trade Strategy & Execution Plan 🔹 Entry Plan Wait for price to retrace into the golden pocket zone (0.618 - 0.65 Fib retracement) before entering a long position. Look for bullish confirmation signals such as reversal candlestick patterns (hammer, engulfing, etc.), increased buying volume, or RSI divergence. Consider a staggered entry approach, scaling into the trade as confirmation builds. 🔹 Risk Management Stop-loss placement: Below the golden pocket and key support levels to allow room for volatility while protecting capital. Position sizing: Risk no more than 1-2% of your capital per trade. Potential invalidation: If price breaks below the golden pocket zone and fails to recover, reconsider the setup. 🔹 Take-Profit Targets First target: Recent highs around $2,920 - $2,930 Second target: Potential breakout above $2,950+ if bullish momentum continues. Final target: Depending on momentum and market conditions, gold could push towards new all-time highs. Conclusion: This trade setup presents a compelling opportunity for a high-probability pullback and bounce trade. Gold remains fundamentally strong, but a short-term retracement to a key technical level is likely before resuming its uptrend. By waiting for price to reach the golden pocket and support zone, traders can position themselves for a high-reward trade with a favorable risk-to-reward ratio. As always, proper risk management is essential to navigate market volatility effectively. __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
CAPITALCOM:GOLDLong
by TehThomas
29