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Harmonic Patterns

Gold price today continues to be forecast to increaseBrian greets everyone, let's discuss the gold price forecast for next week from 03/31/2025 - 04/04/2025. Global Situation: Last week, the market witnessed intense volatility in gold prices as it continuously broke previous highs to establish new records. The precious metal closed the final trading session at a new all-time high of $3,085 per ounce, approximately $60 higher than the previous week's closing. In the Wall Street survey, 20 analysts participated, with 85% forecasting continued upward movement in gold prices, only 5% predicting a decline, and the remaining 10% expecting sideways movement. Similarly, in the Main Street online survey, 202 investors responded, with 64% anticipating further price increases, just 19% expecting prices to cool down, and the remainder predicting sideways movement. Analysis: Gold prices are rising, with early April expected to see a breakthrough to NEW all-time highs. Forecast: Strong buying demand persists from central banks, Chinese consumers, and North American investors - particularly from the US, where potential remains untapped. Additionally, concerns about tariffs and inflation will drive investors toward gold as a safe haven. Gold prices could potentially reach $3,200 or $3,300 if tariff measures are implemented. Technical Analysis: Based on gold's resistance and support zones on the H4 timeframe, Brian identifies these key areas: Resistance: $3100, $3132, $3150 Support: $3070, $3050 IMPORTANT NOTES: Note: Brian emphasizes proper capital management for traders: Use appropriate lot sizes based on your capital Take profits at 4-6% of account balance Set stop losses at 2-3% of account balance The winner is the one who stays in the market the longest.
OANDA:XAUUSDLong
by BrianCarter
Gold fluctuates and pulls back, will it break 3100 again?The bullish trend of gold continues, but be alert to adjustments before 3086 stabilizes. Today it opened high at 3090 and approached 3100. Pay attention to whether 3086 can be broken. If not, it may pull back.On the whole, gold is in a continuous upward trend, with bulls climbing steadily, lows constantly moving up, and highs constantly refreshing. At present, the price of gold still has room to rise. Short-term operations are mainly based on pullbacks and long positions. For the support below, pay attention to the area around 3075. Above, continue to test the 3090-3100 area or higher. Don't chase long positions for the time being. If you want to go long, wait patiently for a pullback, otherwise the adjustment at a high level may also be large Operation suggestion Gold falls back to 3070-75, long position, stop loss at 3065, target 3095-3100, short position at 3100 for the first time, stop loss at 3105, target 3085-80
TVC:GOLDLong
by MarjorieMatthew
WHY GBPUSD BULLISH ?? DETAILED TECHNICAL AND FUNDAMENTALSThe GBP/USD currency pair is currently trading around 1.2950, exhibiting a bullish pennant pattern—a continuation signal that often precedes further upward movement. This pattern forms after a strong price surge, followed by a consolidation phase marked by converging trendlines. A breakout above the pennant's upper boundary could propel the pair toward the target price of 1.3100, indicating a potential gain of 150 pips. Fundamentally, the British pound has demonstrated resilience, bolstered by the UK's robust economic performance and the Bank of England's measured approach to interest rate adjustments. Recent data indicates that the UK economy has maintained steady growth, with inflation rates aligning closely with the central bank's targets. Conversely, the US dollar has experienced fluctuations due to mixed economic indicators and evolving monetary policy expectations from the Federal Reserve. These dynamics contribute to the supportive environment for the pound against the dollar. Technical analysis reinforces the bullish outlook for GBP/USD. The pair has been trading above key moving averages, with oscillators indicating strong upward momentum. The formation of the bullish pennant suggests a continuation of the prevailing uptrend. Key resistance levels to monitor include 1.3000 and 1.3040, with a sustained break above these points potentially paving the way toward the 1.3100 target. Additionally, the Relative Strength Index (RSI) remains in bullish territory, suggesting that the current uptrend has room to continue. Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.
Long
by AndrewsMarket-Mastery
3
Gold price next week will continue to conquer the new peak?Brian Hello Everyone, Let's Comment on Gold Price Next Week From 31/03/2025 - April 5, 2025 World situation: Gold prices continue to reach new highs as investors flock to this safe-haven asset, amid growing concerns about the global trade war triggered by US tariff policies. Currently closing at $3,085, up 0.94%, the yellow metal remains the optimal choice in the face of mounting worries about tariffs, trade tensions, and geopolitical instability. US trade policy, fiscal policy, geopolitical factors, and growth slowdown will support gold prices. Forecasts suggest that $3,100 per ounce will be the next important milestone for gold prices. Identify: The upward trend will continue into next week, with support levels indicated on the chart providing backing for gold. Pay attention to the new all-time high, from which the upward momentum will continue to be triggered. Technically: Based on the 34 & 89 EMAs and clear support-resistance zones, these buy setups align with the current bullish momentum. Pullbacks to EMA zones offer good re-entry opportunities, especially when price respects structure and bullish candle formations are confirmed. NOTE: Note: Brian 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by BrianCarter
Bitcoin Purchase Program!The chart uses Fibonacci retracement from a low of around $60,290 to a high of $107,187 to find potential support and resistance levels. Key levels: 0.236 (23.6%) at $96,119 (resistance) 0.382 (38.2%) at $89,272 0.5 (50%) at $83,738 (current price zone) 0.618 (61.8%) at $78,205 (strong support) 0.786 (78.6%) at $70,326 Current Price Action BTC is currently trading around $83,361. It has retraced to the 50% Fibonacci level, which is often seen as a critical zone for trend continuation. Trend Projection A downward trendline was broken, suggesting a possible trend reversal. A bullish move (red arrow) is projected, targeting the green resistance box around $116,000 - $120,000. The price needs to break above $89,272 and $96,119 to confirm this upward move. Key Takeaway If BTC holds above the 50% retracement level and continues upward, it could be aiming for a new high. If it fails, it may retest the $78,205 or $70,326 support levels before another attempt at breaking out.
BITSTAMP:BTCUSDLong
by Abbas_GoatEon
spx slip up Let me start by saying SPX is my baby—this market gave me vision and taught me what I now call Cerberus. It pains me deeply to see such sloppy price engineering lately. These folks have gotten real careless with their price delivery, and that sloppiness is starting to spill into the broader global market. However, it's clear from the Thursday error that they aren't planning to completely collapse the market just yet—just wanted to instill some pain and signal to everyone it's time to gear up for the long road ahead. Here's what's about to go down, so pay close attention: Price will sweep below the low of 3.10.25, trigger a profit-booking event, and restore some hope in the market since it'll mark the second leg of the three-drive pattern currently forming. Now, let me flex real quick: SPX WILL HIT THE 4950 AREA BEFORE MAY 2026—mark my words. Now, back to tradable events: Mark 5680 as your sell level. Price will accumulate around the 5480-5460 range, and the real end of this bounce comes at 5350. Once these trades manifest, your buy-side target is 5790. Again, don't be the fool who tries to swing-trade buy ideas before these key levels get hit. You've been warned.
FOREXCOM:SPX500Short
by BIGPOPPA999
Gold continues to hit new highs! Trend analysisGold hit a new record high again, rising from 2858 to 3086. After four rounds of surges, gold is now close to the 3100 mark. The overall bull market is still there, and the general trend is still bullish. For gold's upper pressure, pay attention to the breakthrough of 3085-90 US dollars, which is the upper track position of the weekly Bollinger band. For upward breakthrough, pay attention to the integer position of 3100 US dollars, which is also the upper track position of the daily Bollinger band. Strategy: Gold 3070 long, stop loss 3060, target 3100
TVC:GOLDLong
by MarjorieMatthew
How to interpret the rise or fall of gold at the opening?From the 4-hour chart of gold, since the low point of 3012 stabilized, it has been rising strongly all the way. 3086 briefly suppressed a negative line. As long as it maintains a strong unilateral trend, this negative line is likely to be a single negative line. Then we must hold the MA5-day support of 3070. If it cannot be held, the MA10-day position below 3054, which is also the intraday low, will support it. From the hourly chart, it closed strongly at a high level overnight, and continued to rely on the MA10-day moving average to rise. It is in a forced short and slow rise, and fell back to the low point of 3066. You can go long near this position on Monday. But if it is particularly strong, don't give it a chance. However, before the key resistance of 3087 is broken, it is not recommended to be too aggressive. Aggressive people can stop loss again. If the market breaks through 3087 on Monday, look at about 10 US dollars, and then you can continue to go short, unless the market closes and stabilizes at 3100. Pay attention to the support around 3066. Gold may have a double top in 30 minutes. Don't chase more for the time being. If you want to go long, wait patiently for a decline, otherwise the adjustment range at high level may be large. On the whole, the short-term operation strategy of gold next Monday is to go long on pullbacks and short on rebounds. The short-term focus on the upper resistance of 3097-3100 and the short-term focus on the lower support of 3057-3060. Friends must keep up with the rhythm. Control the position and stop loss, set stop loss strictly, and do not resist single operation. When gold falls back to around 3066-3070, buy two-tenths of the position in batches, stop loss at 3045, target around 3080-3090, and look at 3100 if it breaks;
OANDA:XAUUSDLong
by PageEvan
XAUUSD on correction As we can see that that weekly closing was above the 3080 however,market was not able to close above 3085. For Now Below 3080 we'll do sell and our retest target will 3065 then 3055. if candle closes above 3085 we'll Buy and 3105 will be my target. Entries should be taken if all the rules are applied If market gives closing below 3080 again then stay with selling other wise stay our of sell. Overall im expecting a retracement then continuing bullish trend.
FOREXCOM:XAUUSDShort
by Forexmaestro121
gold is disguting While everyone is loving these easy gold buys, it's about to take a nasty dive. Now, I'll admit I don't trade gold often, but trust me, I'm still better than all you scrub gold traders, so listen closely. Gold's run time is almost over—enjoy these highs and start booking your profits because, believe me, the big boys Powell and NEM aren't about to let Trump slide with this coordinated attack on the dollar. You think these folks spent over 100 years suppressing gold prices just to watch it fly now, especially when they're trying to grab that digital gold too? Lol, the West is putting on a hall-of-fame shitshow performance, and it's got all you noobs knee-deep in gold. Bottom line: those boys in the West feel played, and they're not about to sit back quietly. I'll be jumping in on this easy money profit-booking starting tomorrow—Merry Christmas!
FXOPEN:XAUUSDShort
by BIGPOPPA999
eu50 Despite the narrative around Europe and its markets, there's surprisingly a sharp turnaround ahead. It's all thanks to those egregious errors engineered back in February. Whatever hand forced them to print has already lost their position and is now out of the market. The current sells we're seeing are just data entries setting up an explosive measured move toward the 88 level on the 1W chart. A quick glance at the 1W chart will entice all the noobs to start stacking sells and going all-in short, creating easy order pairing. Since the EU is in no hurry to show their hand, they'll simply ride the bearish narrative until the real global market sell-off happens. By timing it this way, they'll set up for an astonishing bounce while most markets slip lower. Part of their buy-side confidence probably comes from belief in their AI unicorns—Europe does have a formidable trio backing them up. The daily chart screams a sell-squeeze nuke is incoming. I'll enjoy watching the flood of "EU economy in trouble" articles hitting the wires this month, but mark my words—they will have a face-melting bounce. I'd call it a full turnaround, but knowing Europe and their track record, I wouldn't be surprised if they somehow mess up their beautiful CC entry.
CAPITALCOM:EU50Long
by BIGPOPPA999