Gann
Gold price falls back and continues to go long!Gold price breaks low and rises, breaks high and falls, 2920-2893 breaks through to determine the right to speak
Overnight, we went long at 2900 for gold, there are many layouts at this position, the big positive line went straight up to the sky, directly reached above 2920, and realized the harvest of long orders. At present, it is still in the form of longs. We still choose to go long at 2900, and low long is inevitable. The upper side is still looking at the historical high of 2956
Gold, beware of a high-rise fallGold maintained a shock-washing mode yesterday, but eventually pulled up again to around 2930. In yesterday's article, the emphasis was on the idea of going long. Yesterday, we saw gold fall in the morning and evening, both suggesting going long. No matter how the market moves, no matter how the main force washes, direction is above all else, and the point determines the outcome. In a shock market, although it is bullish, once it enters the middle position, it will be extremely passive, so it is necessary to get stuck and be patient.
At present, from the technical trend, this wave of rise has been under pressure near 2930, and the short-term upward momentum is insufficient. The short-term maintains a high-level shock operation. Although it broke a new high yesterday, the momentum was obviously insufficient. After being under pressure near 2930, it fell again. It is not recommended to continue chasing highs in the short term. According to the current trend, there is a high probability of shocks around a high-level large range. Even if it does not break through, the short-term is just a callback again, and the possibility of a sharp drop is not great. The gold price will continue to shock in a high-level large range, and the medium-term trend is still bullish.
Operation plan, the long positions last night are still held after reducing positions. Today, focus on whether it will break through 2930 again. If it still cannot break through 2930 to create a new high, all long positions need to be exited. If it breaks through 2930 again, it is not recommended to chase high. The strong pressure area above is concentrated in the 2930-2945 area, and the possibility of a sharp rise in the short term is not great. In the short term, once the pressure area is touched and a short signal appears, the short-term intraday short-term can wait for the opportunity to go short and see the support area below the retracement is concentrated in the 2900-2890 area. At the same time, this area is the area where pressure turns to support after the breakthrough. Therefore, to do more, you also have to wait for the retracement to this area again before there is room for operation. Since it has been characterized as a volatile market, do not chase the rise and sell the fall, and wait patiently for the operation position.
NIFTY 50 KEY LEVELS FOR 06/03/2025// All credit goes to Tony for the concept of this indicator. His Trading View link: tradingview.com/u/tony_fx_sm/
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue:
👉 "If you get one level, you get all levels."
Everything else—the way I nail it the method and applied it—is my own work. I respect the original idea, but my approach is independent.
Explanation:
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
Entry/Exit Points:
- Entry/Exit Lines: Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- Stop Loss: For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- Take Profit: For long trades, target the next RED line above. For short trades, target the next BLACK line below.
Timeframe:
Use a 5 mins timeframe for trading.
Risk Disclaimer:
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details
BANKNIFTY KEY LEVELS FOR 06/03/2025// All credit goes to Tony for the concept of this indicator. His Trading View link: tradingview.com/u/tony_fx_sm/
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue:
👉 "If you get one level, you get all levels."
Everything else—the way I nail it the method and applied it—is my own work. I respect the original idea, but my approach is independent.
Explanation:
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
Entry/Exit Points:
- Entry/Exit Lines: Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- Stop Loss: For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- Take Profit: For long trades, target the next RED line above. For short trades, target the next BLACK line below.
Timeframe:
Use a 5 mins timeframe for trading.
Risk Disclaimer:
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details
PiNetwork ($PI) Analysis
#Pi Network is showing signs of consolidation near a key Fibonacci retracement level📊
➡️ Key Observations:
The price is currently hovering around the 1.05 support zone, a critical area for potential bullish reversal 📈
Fibonacci levels indicate possible retracement before continuation towards higher targets
Resistance zone around $2.40 - $2.60 aligns with the 0.618 Fibonacci level
⏳ Price Targets:
First target: $2.40
Second target: $3.00
Potential breakout: $3.60+
A strong bounce from support could confirm a bullish continuation towards these levels! 🚀
Crypto Total Market Capitalization💰
The chart reinforces a bullish outlook on the crypto market, showing a structure similar to CRYPTOCAP:BTC 📊.
🔹 Key Zone:
#TOTAL is retesting the Major Resistance Zone and so far, the retest looks positive ✅.
Support Confluence: EMA 50 + MA 50 + Supertrend—which previously marked market bottoms twice☝️.
🔹 Market Outlook:
If the bullish momentum continues, we might see some consolidation here before a strong rally📈.
🧐 Keep a close watch on this structure and Traditional Finance (TradFi) markets, as they could provide additional confirmation.
XRP USDT💰#XRP Analysis
CRYPTOCAP:XRP is consolidating below the resistance confluence of its All-Time High (ATH) and Ascending Resistance 🧐.
This setup suggests that price discovery mode may be approaching ✈️.
🔗Key Support: $1.90 – Holding above this zone strengthens the bullish case.
💬First Target: $3.86
💬Second Target: $5.05
ADA is on the move!After Trump tweeted about a Crypto Strategic Reserve that includes XRP, SOL, and ADA, the crypto market went wild.
And the best performer from the list? You guessed it—ADA.
ADA has surged over 80%.
What’s next?
- A retest of the $0.84 structure could offer trend-following long opportunities.
- A breakout above the $1.17 range would signal a long-term bullish takeover.
Is ADA gearing up for another explosive move? Stay ahead of the game—follow us for real-time market insights, expert analysis, and the latest crypto trends! 🚀
Disclaimer:
This content is for informational purposes only and should not be considered financial or investment advice. Always do your own research and consult with a professional before making any investment decisions.
Gold: Today’s short-term trading opportunitiesGold has risen in the past two days due to risk aversion, reaching a high of 2927 before starting to fall, and rebounded and consolidated at 2900. If risk aversion is alleviated, then gold shorts will make a comeback. Gold rebounds below 2927 in the Asian session and continues to sell at highs. Gold rebounds above 2920 and can continue to short.
Gold's 1-hour moving average is now starting to diverge upwards in a golden cross, reflecting a bullish trend. However, gold's rise was blocked and then fell back. In addition, there are many data in the second half of this week, so the shape of the gold moving average is easy to change. Yesterday, gold rebounded in the second half of the NY market and continued to fall under pressure near 2920. Wait for a rebound in the Asian session and continue to sell!
Key points:
First support: 2903, second support: 2886, third support: 2873
First resistance: 2928, second resistance: 2936, third resistance: 2948
Operation ideas:
BUY: 2896-2899, stop loss 2887, target 2920-2930;
SELL: 2923-2927, stop loss 2935, target 2905-2895;
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