XAU/USD Trend Today - Wide and Unpredictable Trading Range🔔🔔🔔 Gold news:
➡️ The price of gold (XAU/USD) continues its decline after reaching an all-time high on Thursday, though it remains above the $3,100 level in early European trading. Optimistic traders are taking profits and scaling back their positions amid mildly overbought conditions. However, persistent concerns over potential economic harm from President Donald Trump's reciprocal tariffs are expected to support the safe-haven appeal of the precious metal.
Personal opinion:
➡️ The effects of the gold price increase are too much. Therefore, the current decline in the gold price to the 3125 area compared to the peak of 3167 is just profit-taking by buyers. Consider strong technical resistance - support zones to get the best profit for you
➡️ Analyze based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy
Resistance zone: 3137 - 3150 - 3165
Support zone: 3113 - 3100 - 3184
Plan:
🔆Price Zone Setup:
👉Sell Gold 3150 - 3148 (Scalping)
❌SL: 354 | ✅TP: 3145 - 3142 - 3139
👉Sell Gold 3165- 3167
❌SL: 3172| ✅TP: 3160 – 3155 – 3150
👉Buy Gold 3086- 3084
❌SL: 3079| ✅TP: 3090 – 3095 – 3110
👉Buy Gold 3100- 3102 ( Scalping)
❌SL: 3095 | ✅TP: 3106 – 3112 – 3120
FM wishes you a successful trading day 💰💰💰
Community ideas
Do Or Die!The past few weeks have caught out many bulls as Trump tariffs wreck the markets.
41K support today may just be the bottom, this area must hold, otherwise we are heading not just for a correction but a bear market.
The falls have been consistent and steady, no real plunges which points to a correction, although we do have a double top from the Dec highs and early Feb highs.
Gold and silver have been the standout performers, 3000 gold will be blown away.
A mix of Trump threats of tariffs and many beginning to wake up to media attention in PM's....a hedge against turmoil.
Any close below the Dow low is a short, from here bottom fishing just may produce a rally of significance, perhaps a rally to sell.
Appreciate a thumbs up and God Bless you all!
EUR/GBP Triangle Pattern - Bearish Breakdown SetupProfessional Analysis of the EUR/GBP Chart
This EUR/GBP (Euro/British Pound) daily chart from OANDA, published on April 3, 2025, highlights a key technical setup based on price action analysis, chart patterns, and support/resistance levels.
1. Market Context: Accumulation & Transition to a Triangle Pattern
Curve Zone Formation (Rounded Bottom):
The market initially exhibited a rounded bottom structure (curve zone) from July 2024 to February 2025, indicating a gradual accumulation phase.
This phase often signals a shift in market sentiment, where sellers lose dominance, and buyers start stepping in.
Breakout from Accumulation:
After reaching the support zone (~0.8250 - 0.8300), price rebounded sharply in March 2025, confirming strong buyer interest.
However, it failed to sustain upward momentum near the resistance zone (~0.8470 - 0.8500), leading to consolidation.
2. Formation of a Symmetrical Triangle Pattern
Lower Highs & Higher Lows:
Price action began forming a symmetrical triangle, a classic consolidation pattern that typically precedes a strong breakout.
The market is currently trading near the apex of the triangle, indicating that a breakout is imminent.
Potential Breakout Direction:
Symmetrical triangles are neutral patterns, meaning they can break either upward or downward.
However, the price structure and resistance rejection suggest a higher probability of a bearish breakdown.
3. Key Levels & Trading Setup
Resistance & Support Zones:
🔴 Resistance Zone (~0.8470 - 0.8500):
This area has repeatedly acted as strong resistance, where sellers have consistently pushed prices lower.
A breakout above this zone would indicate a bullish invalidation of the current bearish bias.
🟢 Support Zone (~0.8250 - 0.8300):
This level has held price multiple times, acting as key support.
A break below this zone would confirm bearish momentum, targeting lower price levels.
4. Bearish Trade Setup
📉 Entry Strategy (Short Position):
Wait for a confirmed breakout below the triangle’s lower trendline (~0.8320 - 0.8350).
A retest of the broken support turning into resistance would provide the best short entry.
📌 Stop-Loss Placement (~0.84764):
Positioned above recent highs and the resistance zone to minimize risk.
This ensures the trade is protected against potential false breakouts.
🎯 Profit Target (~0.81190 - 0.81134):
The projected move aligns with historical support levels, making it a logical target.
This level represents a previous market structure where buyers stepped in.
5. Conclusion & Trade Considerations
✅ Bearish Bias: The price action and pattern suggest a higher probability of a downside breakout.
✅ Defined Risk & Reward: A well-structured stop-loss and target level ensures a solid risk management strategy.
✅ Watch for Confirmation: Traders should wait for a confirmed breakout before entering a trade to avoid false moves.
📊 Overall Verdict: A high-probability short setup is forming, with a clear entry, stop-loss, and take-profit strategy. If the market respects the triangle breakdown scenario, this could lead to a significant bearish move toward the 0.81190 target.
NYA THE ONLY BULLISH WAVE COUNT 4th WAVE TRIANGLE on NEWSThe chart posted is that of the NYSE NYA this is the only Elliot wave Structure that is BULLISH I have now moved into calls in the SPY 540 and QQQ calls 450 dec 2026 . This is a HIGH RISK TRADE BUT I AM WILLING TO TAKE A 25 % position the sp cash was at 5415and qqq were at BEST at 452 put call above 1 and vix above 28.5 the fear greed was at 9 best of trades WAVETIMER
ZETA: Bullish Setup with Harmonic Pattern & Breakout Retest! Timeframe: 15-Minutes
Pattern: Harmonic Formation
Breakout & Retest Confirmation
#ZETA has formed a bullish harmonic pattern and successfully broken above resistance. Currently, it's retesting the breakout zone, a classic confirmation for a strong upside move!
Why This is a High-Probability Long Trade?
Harmonic pattern aligns with bullish momentum
Resistance breakout & retest—a textbook entry signal
Strong confluence of technical factors confirming the uptrend
Entry: At CMP 0.27 - 9.2750
Targets: 0.2890 - 2950
Stop-Loss: 0.2490
What’s your take on this setup? Are you taking this trade? Drop your thoughts in the comments!
Follow for more high-quality trade setups & insights!
XAUUSD retracement for the long to another ATH📝 Key Observations:
Break of Structure (BoS) - Price recently broke previous support levels, indicating a shift in market direction.
Strong Bullish Momentum - The aggressive move up suggests that buyers are stepping in at the demand zone.
H1 Supply Zone - Price is currently reacting to an H1 supply zone, which may cause a pullback.
M15 Demand Zone - A key support area around $3,055 has been marked, where price may revisit before continuing upward.
Bullish Projection - The red arrow suggests a potential retracement into the demand zone before continuing higher.
📌 Trade Consideration:
✅ Entry Opportunity: If price retraces into the M15 demand zone and shows bullish confirmation (e.g., engulfing candles, wicks rejecting lower prices).
✅ Target: The next significant resistance level around $3,147.
✅ Stop-Loss: Below the M15 demand zone ($3,055) for a good risk-to-reward ratio.
⚠️ Risk Factors:
If price fails to hold at the demand zone, further downside movement is possible.
Supply zone rejection could trigger a deeper correction before continuing up.
NIL ANALYSIS (4H)The NIL correction started from the point we marked as Start on the chart.
This correction appears to be a Diametric, and it seems we are currently in wave E of this pattern. The price is expected to follow the path indicated by the arrow.
A daily candle close above the invalidation level will invalidate this analysis.
invalidation level: 0.521$
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
OPPORTUNITY FOR SELL EURNZDWe have identified the following indicators for the SELL opportunity:
• Low volume, suggesting a potential reversal from the current direction.
• Reflection from the top of the parallel channel.
• Return/re-test to the 3M high and 1M high.
We have defined 3 target points (TPs):
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
*** Please pay attention to the scenarios from 2015 and 2020, when there were extreme peaks. However, these peaks were temporary, and it’s a matter of good money management, only.
SPY - support & resistant areas for today April 4 2025The key support and resistance levels for SPY today are above.
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My group in my signature, get these first, then ideas, and then minds; I also post these for QQQ TSLA META VIX in my group, so join if y'all haven't.
Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions.
Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change.
If you find this information beneficial and would like to receive these insights every morning at 9:30 AM, I invite you to support me by boosting this post and following me @OnePunchMan91.
Your engagement is greatly valued! However, please note that if this post doesn’t receive more than 30 boosts, I will have to reconsider providing these daily updates. Thank you for your support!
Need any other charts daily, Or how to trade this? Comment on this.
Gold Market Eyes 3140 Liquidation Amid Bullish Trend CorrectionGold market remains on a bullish stance as it eyes liquidation at 3140. After reacting to 3120 and retracing to mitigate 3088, the market now poises for a bullish trend correction. Momentum builds for the next breakout or retracement—stay sharp as price action unfolds! follow for more insights . comment , and boost idea
EURJPY What Next? BUY!
My dear followers,
I analysed this chart on EURJPY and concluded the following:
The market is trading on 160.85 pivot level.
Bias -Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 161.67
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
$LUCE Gearing For A Comeback Amidst Bullish Symmetrical TriangleLUCE token ( LSE:LUCE ) a token created on the Solana ecosystem is set for a parabolic surge after breaking out of a symmetrical triangle pattern.
The asset has undergone multiple trough and crest pattern prior the market's volatility. So many assets faced extreme selling pressure for the past 2 days amidst Donald Trump's Tax Tariff laws, a move that saw about $2.85 trillion wiped out from the US stock market yesterday.
However, LSE:LUCE managed to break of a symmetrical triangle pattern despite the dip, setting its compass above the 1-month high. Should LSE:LUCE breakout of the 1-month high resistant point, a move to a $50 million market cap will be inevitable.
With listings from Bybit, Gateio, MEXC, Bitget, BingX, HTX and quiet a number of exchanges, LSE:LUCE could be the catalyst to spark the next cycle of memes in the Solana blockchain.
LUCE Price Live Data
The live LUCE price today is $0.013456 USD with a 24-hour trading volume of $7,003,198 USD. LUCE is up 0.75% in the last 24 hours, with a live market cap of $13,455,554 USD. It has a circulating supply of 999,999,996 LUCE coins and a max. supply of 1,000,000,000 LUCE coins.
Chainlink LongAfter a few months of waiting on the sidelines we are back with a chainlink long after a deep retrace.
Link is showing bullish divergence on the lower timeframes after double bottoming at this crucial support and completing an 886 retracement of an informal Gartley. The support level can be seen across time below.
The only question would be to either wait until the end of the day for this support candle to print or to go in now before confirmation. We will go in with 50% of our ideal position size now and then allocate at the end of the day or tomorrow.
Key Observations: Elliott Wave CountThe chart shows a completed five-wave impulse structure, labeled from (1) to (5).
The final wave (5) has ended, with sub-waves i, ii, iii, iv, v marked within it.
This suggests that the impulsive bullish trend is over.
Bearish Reversal Indicated:
There is a strong downward movement after wave (5), confirming a possible trend reversal.
Potential Targets for the Decline:
Price has already begun declining from around $3,110.
The first major support areas could be around $2,900–$2,800, based on previous price action.
Deeper corrections could bring the price toward $2,600–$2,500.
Key Levels to Watch:
Resistance: The previous high near $3,160 is critical. If the price breaks above, the bearish scenario might be invalidated.
Support: Watch $3,000 as a psychological level. A break below would confirm further downside.
Conclusion:
The chart signals a potential correction after a strong uptrend.
The bearish wave count suggests a move lower toward key support zones.
Traders should watch for confirmation with momentum indicators and volume.
GOLD/XAUUSD SWING UPDATESHello folks, Gold are on a trend right now. Waiting for this zone for shorts? 3180 might be the high or 3200.
The Initial targets at 3066 zone.
This idea base on my previous idea on fibonacci, Full updates once price goes 3066 zone.
Idea on the new highs maybe later on High impact news.
The idea here is short.
Trade at your own risk.
Follow for more.
I will update once this zones mitigated. Good luck! pewwpeww