Gold prices cool after tariff announcement⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) surged to a new all-time high during the Asian session on Thursday as investors flocked to safe-haven assets amid heightened risk aversion. Market sentiment took a sharp downturn after US President Donald Trump unveiled sweeping reciprocal tariffs on Wednesday evening, igniting fears of a global economic slowdown and a potential US recession.
The announcement triggered a broad sell-off in equity markets, reinforcing the risk-off mood and further fueling demand for gold as a traditional store of value.
⭐️Personal comments NOVA:
Gold hits 3167 peak, buying pressure gradually decreases. Adjustment waiting for new moves from other countries on Trump's tariff policy
⭐️SET UP GOLD PRICE:
🔥 SELL 3165 - 3168 SL 3172
TP1: $3160
TP2: $3150
TP3: $3140
🔥BUY GOLD zone: $3108 - $3110 SL $3103
TP1: $3115
TP2: $3130
TP3: $3140
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova 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
Community ideas
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
This is an update on our daily chart idea that we are now tracking for a while now. If you have only started following us, please read the updates below at the bottom from previous weeks to see how effectively we have been tracking this.
Once again another great day on the markets with our daily chart idea playing out to completion. Yesterday we updated the completion of our 1H chart route map and today we have finally completed this daily chart idea. Our last update we stated that we had the candle body close above 3052 opening 3103 axis target. This was hit perfectly this week completing this chart idea.
We will continue to update our new multi time frame route maps, as usual, with renewed chart ideas on our usual weekly updates.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
OLD UPDATES ON THIS CHART IDEA
MARCH 23RD WEEK UPDAT E
The half line of our unique channel gave the perfect bounce into the next axis target at 2904, inline with our plans to buy dips just like we stated. We now have a body close once again with ema5 cross and lock above 2904 leaving the range above open. We will continue to look for support at the ascending half-line of the channel, as we climb into the range.
PREVIOUS WEEKS UPDATE
After completing our Bullish targets we stated that the channel top will act as resistance confirmed with ema5 rejection. A break of the channel top with ema5 would confirm a continuation and failure would confirm rejection. This allowed us to identify true breakouts against fake outs.
We also stated that we need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips.
- Once again this played out perfectly as we got the rejection on the channel top followed with the channel half line test, which gave the perfect bounce like we stated. We will now either look for a continuation from this bounce or a cross and lock below the half line for a break into the lower channel floor.
EURUSD M30 I Bearish Drop Based on the M30 chart analysis, we can see that the price is testing our sell entry at 1.1096, which is a pullback resistance aligning with a 61.8 Fibo retracement.
Our take profit will be at 1.0989, a pullback support level.
The stop loss will be placed at 1.1145, a swing-high resistance level.
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'Safe Haven' Strength going to continue? YES - SELL GBPJPYAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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US500: Trend Shift - Potential Break of Key Support LevelsThis analysis focuses on the US500 chart, a representation of the S&P 500 index, a key indicator of the US stock market's performance. The chart displays price action over a 4-hour timeframe, offering a medium-term perspective. The analysis aims to identify potential support levels and assess the likelihood of further bearish movement.
2. Key Findings and Supporting Evidence:
Bearish Trend: The chart clearly shows a prevailing downtrend. The price has been making lower highs and lower lows, signifying strong selling pressure.
Breakdown of Rising Wedge: A rising wedge pattern, often considered a bearish reversal pattern, is visible between March 11th and March 27th. The subsequent breakdown from this wedge has confirmed the bearish sentiment and suggests a continuation of the downtrend.
Potential Support Levels: The chart highlights three potential support levels:
5500 (Current Level): The price is currently hovering around this level. A break below this level could trigger further selling.
5504.2 (First Target): This level is marked as the first potential target for the bearish move.
5441.3 (Second Target): This level represents a more significant support and a deeper potential target.
Trading Strategy Indication: The chart suggests a potential short-selling opportunity, with entry around the current level (5500) and targets at the identified support levels. The stop-loss is placed above the recent high to manage risk.
High Volatility: The sharp price swings and the length of the red (bearish) candles indicate high volatility, suggesting strong momentum behind the downtrend.
3. Relevant Data and Statistics (Inferred):
Timeframe: 4-hour chart.
Index: US500 (S&P 500 equivalent).
Recent High: Approximately 5800.
Recent Low: Approximately 5486.7.
Potential Support Levels: 5500, 5504.2, 5441.3.
4. Discussion of Implications and Potential Future Trends:
Market Sentiment: The breakdown from the rising wedge and the continued bearish momentum suggest a shift in market sentiment towards increased pessimism.
Economic Factors: The downtrend could be influenced by various economic factors, such as rising interest rates, inflation concerns, or geopolitical uncertainties.
Risk Management: Traders should exercise caution and implement proper risk management strategies, including stop-loss orders, due to the high volatility.
Potential for Rebound: While the current trend is bearish, it's essential to acknowledge the possibility of a rebound or consolidation at the support levels.
Dow Jones INTRADAY key trading levels ahead of US employmentKey Support and Resistance Levels
Resistance Level 1: 40540
Resistance Level 2: 41000
Resistance Level 3: 42000
Support Level 1: 38940
Support Level 2: 38175
Support Level 3: 37320
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XAUUSD 1H forecastLooking for a further upside on #GOLD, we have two biases but in the same direction.
1. We have an impulse pattern formation. We already have a 1-2, and we can project a 3rd wave to occur and potentially make new highs.
2. We have a correction pattern projecting; waves A and C are often equal, and we can expect the price to continue collapsing after the wave A formation.
Nifty 50 - Inverse Head & Shoulders Pattern | Potential Reversal🔍 Pattern Identified: Inverse Head & Shoulders (IHS)
We can see a classic IHS formation on the Nifty 50 Index (4H timeframe), which is a bullish reversal pattern.
📝 Key Observations:
✅ Prior Downtrend: A prolonged bearish move before the pattern formation.
✅ Left Shoulder: Initial low followed by a bounce.
✅ Head: A lower low, forming the bottom of the pattern.
✅ Right Shoulder: A higher low, signaling reduced bearish pressure.
✅ Neckline Resistance: Breakout above 23,500 could confirm the pattern.
📊 Potential Trading Plan (For Learning Purposes Only! Not Financial Advice)
🔹 Entry: Above neckline breakout (~23,500)
🔹 Target: Measured move projection (~24,500-24,700)
🔹 Stop-Loss: Below right shoulder (~22,750)
🔹 Risk-Reward: Should be favorable (minimum 1:2)
⚠️ Important Considerations:
🔹 Volume Confirmation: A breakout should have strong volume to be valid.
🔹 Retest Possibility: Price may retest neckline before moving higher.
🔹 Market Conditions: Always check global cues and sentiments before executing trades.
📢 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. I am not a SEBI-registered analyst. Always do your own research and consult a qualified financial professional before making investment decisions. Trade responsibly! ✅
BTC at a Crossroads: Breakdown or Fakeout to 84K?BTC Is At a Pivotal Level — Here's What I'm Watching
We're hovering around 81,300. If that breaks, I’m watching for a move down to 79K. If selling pressure continues, 74K is next. And if that fails, 64K is on the table.
But here’s the flip side — we could dip to around 81,200, hold, and squeeze up to 84K before the real drop begins. This is where traps happen. I’m staying cautious and letting price lead the way.
Kris/Mindbloome Exchange
Trade Smarter Live Better
Gold’s Rally Pauses – Correction Incoming!!!Gold ( OANDA:XAUUSD ) started to correct at the Potential Reversal Zone(PRZ) and near the upper line of the Ascending Channel . The question is, will we have a minor correction or a major correction(main)?
Gold is moving near Resistance lines and Fibonacci levels and was able to breaks the Uptrend lines . I view the upward movement of the last few hours as an upward correction , which will likely cause gold to fall again.
In terms of Elliott waves , it looks like Gold has completed a major wave 5 and I expect Gold to start a major corrective wave . In Gold's history , major impulse waves have completed precisely near the upper lines of ascending channels .
I expect Gold to decline at least to the Support zone($3,100-$3,085) , if gold can break the lower line of the ascending channel, we can be more confident that we are in the main corrective waves .
Do you think Gold can create a new All-Time High(ATH) again?
Note: If Gold goes above $3,130, we can expect more pumps and a new All-Time High(ATH).
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GBPAUD - One More Leg!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPAUD has been overall bullish trading within the rising channel marked in blue.
Moreover, it is retesting a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPAUD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The path of NEIRO remains bearish (1D)First of all, it's important to understand that each group of cryptocurrency tokens follows a different path NEIRO falls into the meme coin category. The performance of Layer 1 coins or other groups may differ significantly from meme coins, so keep in mind that NEIRO’s path is not the same as that of all altcoins!
Based on the point where we placed the red arrow on the chart, it seems that NEIRO's correction has started.
This corrective phase appears to be a time-consuming and exhausting symmetrical correction.
Currently, we seem to be in the middle of wave E.
The drawn path is more schematic, just to help you visualize the number and size of the waves within this corrective pattern.
The correction is expected to continue toward the lower green box, where this corrective phase is likely to end.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
4 April Nifty50 important level & trading zone #Nifty50
99% working trading plan
👆Gap up open 23273 above & 15m hold after positive trade target 23332, 23393
👆Gap up open 23273 below 15 m not break upside after nigetive trade target 23192, 23113
👆Gap down open 23192 above 15m hold after positive trade target 23273, 23332
👆Gap down open 23192 below 15 m not break upside after nigetive trade target 23113, 23063
💫big gapdown open 23113 above hold 1st positive trade view
💫big Gapup opening 23332 below nigetive trade view
📌For education purpose I'm not responsible your trade
More education following me
Bearish drop off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot and could revrse to the 1st support which acts as an overlap support.
Pivot: 1.4155
1st Support: 1.3946
1st Resistance: 1.4309
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards Fibo confluence?USD/JPY is falling towards the pivot which is a pullback support and could bounce tot he 1st resistance.
Pivot: 143.94
1st Support: 142.19
1st Resistance: 147.13
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.