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GOLD drops sharply to $43, important support areaOANDA:XAUUSD encountered a sudden sell-off in early Asian trading on Thursday (May 1). The current price of gold is around $3,245/ounce, down sharply by $43 on the day and at a key technical position. OANDA:XAUUSD fell for a third consecutive day as signs that trade talks between the United States and China may be progressing reduced demand for safe-haven assets, Bloomberg reported on Thursday. China Central Television said the United States has been in touch with China through various channels. Bloomberg noted that concerns about the global trade outlook were also eased by news that the Trump administration was close to announcing the first of a series of deals that would reduce planned tariffs on several countries. OANDA:XAUUSD have risen about 25% this year, largely as investors flocked to the safe-haven asset as U.S. President Donald Trump’s rapidly shifting trade policies have roiled markets and stoked fears of a global economic slowdown. However, inflows into gold ETFs, central bank buying and strong speculative demand from China will also provide fundamental support for gold prices. Looking ahead, Friday’s US non-farm payrolls report could reveal the initial impact of Trump’s trade policies on the economy. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold is trading at a crucial support area for long-term bullish expectations with support from Ema21 converging with the 0.50% Fibonacci retracement. If gold is sold below $3,228, it could continue to decline further with a target of around $3,163 in the short term, the price point of the 0.618% Fibonacci retracement. On the other hand, the Relative Strength Index (RSI) is also approaching the 50 level after a period of correction, which in this case acts as the nearest support. It can be said that with the current position, gold has the most support with EMA21 converging with Fibonacci retracement 0.50% in terms of trend, and RSI approaching 50 is support in terms of momentum. During the day, the current position still shows that gold has the potential to increase in price and the notable positions will also be listed as follows. Support: 3,245 - 3,228 USD Resistance: 3,267 - 3,292 USD SELL XAUUSD PRICE 3295 - 3293⚡️ ↠↠ Stop Loss 3299 →Take Profit 1 3287 ↨ →Take Profit 2 3281 BUY XAUUSD PRICE 3195 - 3197⚡️ ↠↠ Stop Loss 3191 →Take Profit 1 3203 ↨ →Take Profit 2 3209
OANDA:XAUUSDShort
by Xayah_trading
EURUSD – Bear Flag Before Further Drop?Like most of the market, EURUSD reacted strongly on April 22–23 with a sharp move down. Since then, price has entered a consolidation phase — and thIS pause has now taken the shape of a bear flag, a classic continuation pattern that often leads to further correction once confirmed. 📉 Key levels to watch: 1.1350 – Initial trigger for the flag break 1.1300 – Confirmation of bearish momentum Target: 1.1100 Invalidation: A return above 1.1500 would negate the pattern and call for reassessment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
4
GBPUSD Analysis – Classic Spike, But Bearish Bias HoldsTwo days ago, TRADENATION:GBPUSD did what it often does – spiked above the previous high with no solid fundamental reason, likely just to hunt stops. This return into the resistance zone might look bullish on the surface, but the bigger picture remains unchanged. Has the market really resumed its up move, or was this just a trap? Despite the upward push, the overall outlook stays bearish. A drop towards the 1.3000 zone is still highly probable – but we need confirmation. Why the bearish scenario remains valid: • The spike occurred without strong fundamental backing. • Price hasn't broken the strong 1.35 resistance. • Key support for a breakdown lies at 1.3330–1.3350 – a clear break here is the signal for downside continuation. Trading Plan: Wait for a break below 1.3330–1.3350, and then look for short setups on lower timeframes. Invalidation comes only if the pair pushes and sustains above 1.3500, in which case the bearish thesis is off the table. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
2
No Bottom Yet: Gold’s Technical Targets Point LowerSince Monday, I’ve been saying that Gold hasn’t finished correcting, and the price action is now confirming that view. The drop continued with breaks below two key levels: the 3300 figure and the 3270 support, which was the recent low. After some sideways action (a bit of a limbo), we finally got the clean breakdown. At the time of writing, price sits at 3248, having just bounced slightly from the 3240 support, which aligns with mid-April’s ATH. Now comes the big question: Is Gold done correcting? In my opinion, not yet – and here’s why: Technical reasons for further downside: 1. The break below 3270 is significant and opens the door to deeper correction. 2. We now have two measured targets: 📉 Measured range target: ~1000 pips → puts price below 3200. 📉 First leg down: ~2500 pips → could push price closer to the 3000 zone. Trading Plan: The strategy remains unchanged: sell the rallies. As long as price stays below 3270-3290 zone, downside continuation is the base case. A move towards at least 3200 looks very probable – and deeper levels can't be ruled out. Don’t rush to call a bottom – let the market show when the correction is really done. Until then, the bias stays bearish. 🚀 P.S: Expect great volatility to remain Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
4
Evening Star Pattern on XAGUSD – Downtrend Ahead?Last week, XAGUSD managed to break above the 33.15 resistance level, making a local high at 33.70. However, the price quickly reversed and formed an Evening Star candlestick pattern, signaling selling pressure. At the time of writing, the price is hovering around 33.00 – a key pivot point for the next move. The bias leans toward a downside continuation: - A clear break below 33.00 opens the way for a further drop toward 32.00, - With a potential final target at 31.00. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAGUSDShort
by Mihai_Iacob
2
DAX: Target Is Down! Short! My dear friends, Today we will analyse DAX together☺️ The market is at an inflection zone and price has now reached an area around 22,461.17 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 22,275.67..Stop-loss is recommended beyond the inflection zone. ❤️Sending you lots of Love and Hugs❤️
XETR:DAXShort
by FreeXauusdSignals
1
NASDAQ Recovery Looks Fragile Below 20,500After the steep drop to 16,300, NAS100 started to recover, forming a higher low and managing to break back above the falling trendline drawn from the all-time high (ATH). While these are positive developments, in my opinion, the trend is likely to reverse to the downside soon. Technically, the index is now entering a heavy resistance zone, marked by: • The golden sell zone between the 50% and 61.8% Fibonacci retracement, • Psychological resistance at 20,000, • Major horizontal resistance around 20,500. As long as the price remains below 20,500, I favor short trades, targeting a potential drop to at least 18,000 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:USTECShort
by Mihai_Iacob
8
SOLANA's massive 1W MA200 rebound hints to enormous rally ahead.Solana (SOLUSD) made a very strong rebound on its 1W MA200 (orange trend-line) on the very first week of April. Now that the month is about to close, it has already completed three straight green 1W candles and is aiming for the critical 1W MA50 (blue trend-line) test. If broken, we expect it to turn into a long-term Support again and target the Higher Highs of the Wedge at $350. After all, the 1W MA200 rebound also made contact on the 2-year Higher Lows trend-line of the Bull Cycle, so technically it is a massive Bottom cluster. The 1W RSI also broke above its MA last week, confirmed the buying pressure. Given that the recent 3-month correction was -67.23%, identical to the last correction (May 2021) of the previous Cycle, we expect one final rally to the 2.0 Fibonacci extension at $900, if the Higher Highs trend-line breaks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
2
SMCI Is it still a buy following the Q3 revenue and profit cut?Super Micro Computer Inc (SMCI) cut its third-quarter revenue and profit expectations due to delays in customer spending, amplifying worries of a pullback in AI-linked investments and pushing its shares down -16% pre-market. It has been 6 months since we issued a major buy signal on SMCI (November 07 2024, see chart below): Even tough our $122.50 long-term Target still stands, we have to move it later on the time-line until the economic outlook shows the positive signs of 2024 again. Until then, we have a more medium-term Target of $80.00, which is on the 0.786 Fibonacci retracement level, the same level the price hit in March 2019, following the first U.S. - China Trade War in 2018. As you can see, the recovery patterns in terms of 1W RSI between the two fractals are almost identical. Right now the stock is basically consolidating within the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line), waiting for the next round of expansion news for the market, to break above the Triangle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:SMCILong
by TradingShot
2
DOW JONES Are you willing to bet against a 15 year pattern?Dow Jones (DJI) will close the month today with a massive rebound 1M candle after almost touching its 1M MA50 (blue trend-line). Since the October 2010 break above the 1M MA50, after the market recovered from the 2008 Housing Crisis, the 1M MA50 has been the ultimate long-term Buy Entry as it has always signaled rallies that ranged from +58% to +67%. The 1M MA50 has also kept the index mostly within the 0.382 - 0.786 Fibonacci range (blue zone) of the multi-year Channel Up. Given also that the 1W RSI also reached in April its ultimate Buy Zone (green), we view this as the best long-term Buy Signal the index handed to us since the September 2022 bottom of the Inflation Crisis. Since the Bullish Legs that followed have been fairly consistent on average, we expect another 58% rise minimum. Assuming a 'bad-case' scenario of being contained within the 0.786 Fib, then a 56000 long-term Target seems more than fair. Are you willing to go against this pattern? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
GOLD Is Going Up! Long! Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 3,278.91. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3,328.53 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAUUSDLong
by SignalProvider
1
GBPUSD Will Grow! Buy! Please, check our technical outlook for GBPUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.336. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.342 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Gold Plan: Waiting for the 1000 Pips Drop UnderwayYesterday, I highlighted that the 3280 support zone looked fragile and warned of a potential breakdown. However, once New York opened, bulls stepped in aggressively, pushing Gold above Friday’s close and triggering my stop loss along the way. Key Question: Has the bullish momentum changed the bigger picture? Why I Still Expect a Drop: - Despite yesterday's green close, the broader structure remains bearish. - The 3370 resistance zone is still intact, and Gold is vulnerable under it. - My target remains a move under 3280, aiming for the 3200 area. T rading Plan: I will continue to look for selling opportunities, especially on spikes toward resistance zones, targeting a 1000 pips move down. Final Words: The market needs to confirm the plan, but patience and discipline will bring the 🚀 in the right direction! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
13
NZDUSD Will Go Down From Resistance! Short! Here is our detailed technical review for NZDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.592. The above observations make me that the market will inevitably achieve 0.580 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AUDNZD Will Go Higher From Support! Long! Take a look at our analysis for AUDNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.079. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.097 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
BITCOIN This is where the real BULL started in 2017.We've mentioned on numerous occasions how Bitcoin's (BTCUSD) current Cycle resembles that of 2014 - 2017 and this evidence is self-explanatory on the chart. What we want to bring forward today, and the timing couldn't be better, is that symmetrically speaking, it was the exact same time of the year (April 2017) when the past Cycle started printing predominantly green candles that lasted until the very end of 2017 (December) and the Cycle Top. The 3W RSI sequences are identical among the two fractals with a Pivot trend-line dominating both Cycles, first as a Resistance (red arrows) and then turned into Support (green arrows). Before the end-of-year Parabolic Rally, the Bull Cycle was classified into 3 pull-back/ consolidation Phases (blue Rectangles) and, no surprise, the mini rallies started around the same times. Can this indicate that we are about to see a strong rally of predominantly green candles towards the end of the year to form the new Cycle High? What do you think? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
5