Gold Rebounds Off Key Support — Next Leg to $4,200 = 124,000 PIP
View our previous 120,000 PIPs (target hit) Gold trades at the bottom of this page.
Following our previously fulfilled short trade from the top of the ascending channel (TP2 hit at $2,960), gold has now landed precisely at confluence support — aligning with the psychological $3,000 level, ascending channel support, the quarterly dynamic support, and the prior swing high zone. We are now flipping bias long, with a macro continuation in mind, while still respecting the shorter-term range structure.
Structure & Setup:
Another clean reaction from the ascending channel’s lower boundary reaffirms the structure’s technical validity. Price has now tapped the $3,000 round number support, intersecting with the channel base and our prior short target zone — offering strong risk-defined long opportunities.
Macro Context Holds:
Our long-term thesis targeting $4,270 remains intact, backed by structural breakout on the quarterly chart and fundamental gold demand. This move is potentially the start of the next impulsive leg in a broader macro expansion, though we expect the asset to oscillate within the channel boundaries until at least July.
Entry Logic:
This long setup is based on:
– Channel base bounce
– $3,000 psychological round number
- $2,960 quarterly dynamic support
– Reversal at former Take Profit 2 (TP2) short target
– Tight invalidation just below $2,960
– Favourable 1:11+ R:R targeting macro highs
Invalidation:
A clean break and close below $2,960 would invalidate the long thesis and suggest breakdown risk. Until then, structure holds.
Pip Potential:
From $2,960 to $4,200 = 124,000 pips upside potential — aligning with macro projections and Fib extensions from previous cycles (-1.414 & -1.618 zones).
Outlook:
While $4,200 remains our long-term target, we anticipate ranging between $2,960–$3,200 for the next several months. This accumulation phase may precede a breakout leg that targets historical Fibonacci confluence zones.
Summary:
Short trade complete — bias flipped long. We’ve now transitioned from a completed 1:4 R:R short into a 1:11+ macro long off textbook technical levels. Price action is behaving cleanly within the multi-month channel, and this latest support reaction adds further credibility to the bullish continuation thesis.
Let price consolidate — buy positions accordingly. The macro expansion to $4,200 is likely underway.
Previous Short:
75,000 PIP idea (Target hit):
45,000 PIP idea (Target hit):
Technical Analysis
NZDCHF May Drop, Here is WHY 🇳🇿🇨🇭
NZDCHF is trading in a strong bearish trend on a daily.
After a yesterday's pullback caused by FOMC,
the price reached a key horizontal resistance.
After a consolidation on that, the pair leaves clear bearish clues.
I see a formation of a bearish imbalance candle and a remaining
bearish pressure after US CPI.
Chances are high that the pair will drop at least to 0.4712
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Bitcoin (BTC/USD) Slammed Back Into Channel SupportBitcoin shed -2.46% today, reversing sharply lower from the top of its descending channel and the 50-day SMA, reaffirming resistance just below $88,700. The rejection puts focus back on the 200-day SMA and mid-channel support.
🔻 Price remains firmly inside the falling channel
📉 MACD is flattening below zero — no bullish crossover yet
⚖️ RSI sits at 44 — modest bearish momentum without being oversold
If price breaks below $79,000, eyes may turn to the lower channel boundary near $72,000, and eventually the long-term trendline closer to $68,000.
Momentum is weak and trend pressure remains tilted downward unless bulls can reclaim the 50-day SMA and break out of this channel decisively.
-MW
EUR/USD Clears Resistance, Eyes 1.1200 RetestThe euro jumped +1.66% on the day, decisively clearing the key 1.0940 resistance level with a powerful bullish candle that now opens the door to a retest of the August 2024 high near 1.1200.
🔹 MACD remains in bullish territory, reaffirming upward momentum
🔹 RSI is climbing near 69, approaching overbought but not flashing reversal yet
🔹 Price now trades well above the 50-day and 200-day SMAs, both rising
Momentum is clearly in the bulls' favor. As long as EUR/USD holds above 1.0940, pullbacks may be seen as buying opportunities ahead of a potential break toward 1.1200.
Trend shift confirmed. Bulls back in charge.
-MW
Gold (XAU/USD) Bounces Sharply After Retesting TrendlineGold surged +1.43% to close at $3,126.77, delivering a strong bullish engulfing candle after bouncing off both the trendline and 50-day SMA support zone near $2,960.
🔹 MACD is curling back higher, hinting at a bullish momentum reset
🔹 RSI sits at 63.40, supportive of continued upside without being overbought
🔹 Key higher low structure remains intact above the trendline
The rejection of lower prices and follow-through strength reinforce the bull trend. Unless the price breaks below $2,960, buyers remain firmly in control.
Momentum was tested—and it passed. The bull trend remains intact.
-MW
Bitcoin -Weekly, Daily, H4, H1 Forecasts, Trading IdeasMidterm forecast, Weekly Timeframe:
While the price is above the support 70550.04, resumption of uptrend is expected.
We make sure when the resistance at 91037.20 breaks.
If the support at 70550.04 is broken, the short-term forecast -resumption of uptrend- will be invalid.
BITSTAMP:BTCUSD MARKETSCOM:BITCOIN
Daily Timeframe:
A trough is formed in daily chart at 74545.70 on 04/09/2025, so more gains to resistance(s) 86499.57 and maximum to Major Resistance (91037.20) is expected.
Take Profits:
86499.57
91037.20
94505.46
98675.19
101430.12
105431.17
109932.89
115000.00
120000.00
125000.00
130000.00
140000.00
H4 Timeframe:
H1 Timeframe:
________________________________________________________________
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ForecastCity Support Team
Ethereum Potential DownsidesHey Traders, in today's trading session we are monitoring ETHUSDT for a selling opportunity around 1800 zone, Ethereum is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1800 support and resistance area.
Trade safe, Joe.
EURCAD: Bullish Move From Support Confirmed 🇪🇺🇨🇦
EURCAD may continue growing after a strong bullish
reaction to a key daily support.
The market was accumulating for some time on that
within the intraday horizontal range.
Its resistance was broken with both 4H/1H candles.
Next goal - 1.5592
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XAU/USD Outlook: Gold's Bullish Momentum Strengthens 📌 XAU/USD Analysis: Gold on a Strong Bullish Momentum Amid Economic Optimism 📈💰
✨ Overview:
Gold (XAU/USD) is currently demonstrating significant bullish momentum, driven by improved global economic sentiment. The recent 90-day tariff suspension among major global economies and hints from the recent FOMC meeting about potential rate cuts later this year are fueling investor optimism.
📊 Technical Analysis:
🔹 Key Resistance Levels:
3,146
3,162
3,168
🔸 Key Support Levels:
3,096
3,078
3,066
3,052
📈 Moving Averages Analysis:
MA 13 (Short-term): Clearly supports bullish momentum, offering buy signals as price sustains above this MA.
MA 34 (Medium-term): Supporting bullish sentiment with prices comfortably above.
MA 200 (Long-term): Reinforces the robust long-term bullish outlook with price consistently trading above this level.
🚀 Trading Strategy & Recommendations:
BUY Strategy (Preferred Scenario):
Entry Zone: 3,094 – 3,096
Stop Loss: 3,090
Take Profit Levels: 3,100 | 3,104 | 3,108 | 3,112 | 3,116 | 3,120
SELL Strategy (Cautious Approach):
Entry Zone: 3,164 – 3,166
Stop Loss: 3,170
Take Profit Levels: 3,160 | 3,156 | 3,152 | 3,148 | 3,144 | 3,140
🌍 Fundamental Context:
Positive Market Sentiment: The global economic outlook has turned favorable due to tariff suspensions and strong performance in equity markets.
Interest Rate Outlook: Recent signals from the FOMC regarding possible interest rate cuts are providing further support for gold’s upward trajectory.
⚠️ Risk Management:
Emphasize caution when engaging in short positions, given the prevailing bullish conditions.
Always implement strict stop-loss measures and maintain risk-to-reward ratios of at least 1:2.
Avoid over-leverage and ensure trades are sized appropriately.
💡 Conclusion & Final Thoughts:
Gold remains strongly bullish, backed by both technical indicators and a positive fundamental backdrop. Traders are encouraged to focus primarily on buy opportunities near significant support levels and remain alert to potential trend reversals at key resistance zones.
🗨️ Engage with Us:
What are your current strategies for gold? Share your insights and views in the comments section below! 💬👇
DOW JONES INDEX (US30): Bearish More From Resistance
It looks like US30 is returning to a bearish trend again.
I see a strong bearish sentiment after a test of a key daily resistance.
The price formed an inverted cup and handle pattern and we see
a strong bearish imbalance with London session opening.
Goal - 39.685
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WHY GBPUSD BULLISH ?/ DETAILED ANALYSISGBPUSD has successfully completed a textbook retest of a major demand zone around 1.2650–1.2700, and we’re now seeing signs of bullish strength returning to the pair. After a corrective move from recent highs, price respected this zone with high precision, forming a strong bullish rejection candle that signals a potential reversal. With the market pushing back above 1.2850, we now have a clean higher low structure forming, indicating the next bullish leg is likely in play.
Technically, the 12H chart structure aligns well with a bullish continuation model. Price broke structure to the upside, came back to retest the neckline of the previous impulse leg, and is now bouncing with solid momentum. This is a classic demand zone reaction paired with a clean V-recovery pattern. As long as GBPUSD holds above 1.2700, I am targeting the 1.3400–1.3460 region in the coming weeks. The risk-reward setup here is highly favorable, with clearly defined invalidation below 1.2650 and upside potential aligned with macro sentiment.
On the fundamental side, GBP remains supported by persistent wage growth and sticky inflation in the UK economy, leading the market to price in fewer near-term rate cuts from the Bank of England. Meanwhile, the US dollar has started to show cracks as softer inflation data and slower NFP numbers last week are reducing expectations for further Fed tightening. This divergence in policy outlook between the BoE and the Fed is fueling GBPUSD upside, especially as the pair trades around key psychological levels.
Overall, with a strong confluence of technical bounce from demand, bullish fundamentals, and market sentiment shifting toward risk-on, GBPUSD looks well-positioned for further upside. A break and hold above 1.2900 will likely accelerate the move toward 1.3460. I'll be watching closely for momentum continuation setups as the pair builds bullish pressure in this zone.
WHY NZDUSD BULLISH ?? DETAILED TECHNICALS AND FUNDAMENTALSNZDUSD has just completed a clean technical retest at a key demand zone around the 0.5560–0.5600 region and is now showing signs of a strong bullish reversal. The recent structure formed a classic “V-shape” recovery, and price is holding firmly above the psychological level of 0.5700. The market has now reset its lower time frame structure and is preparing for a potential bullish continuation toward the 0.6100 target zone in the coming sessions.
Technically, the pair respected its support zone perfectly after a sharp corrective move from the March highs. The retest confirms previous support turned demand, with the 12H chart indicating a potential bullish breakout setup. With the rejection wicks and impulsive bullish engulfing candle seen in the latest session, the momentum has clearly shifted back in favor of the bulls. I'm eyeing a steady climb toward the 0.6000–0.6100 range, especially if we break above the 0.5800 resistance level decisively.
On the fundamental side, the US dollar is showing signs of exhaustion ahead of key inflation data. Market sentiment is slightly dovish on the Fed’s rate trajectory due to softening labor data and a cooling services sector, while New Zealand is holding a relatively steady economic outlook. Although RBNZ remains cautious, commodity demand and improving risk sentiment are currently supporting the Kiwi. Traders are pricing in reduced rate hike expectations from the Fed, which gives NZD a comparative edge in short to mid-term flows.
With positive technical confluence, shifting fundamentals, and improving global risk appetite, NZDUSD looks poised for a solid upside run. As long as the price stays above 0.5600, I remain bullish. A break above 0.5800 could act as the catalyst for acceleration toward 0.6100, providing a favorable risk-reward opportunity in the current market conditions.
Nightly $SPY / $SPX Scenarios for April 10, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸📈 U.S. Tariff Pause and Increased Tariffs on China: President Donald Trump announced a 90-day pause on tariffs for most trading partners but increased tariffs on Chinese imports to 125%. This move led to a surge in global stock markets, with the S&P 500 rising by 9.5% and the Dow Jones by 7.9%.
🇨🇳📈 China's Retaliatory Tariffs: In response, China imposed additional tariffs of 84% on U.S. goods, escalating trade tensions and impacting global markets.
📊 Key Data Releases 📊
📅 Thursday, April 10:
📈 Consumer Price Index (CPI) (8:30 AM ET):
Forecast: 0.1%
Previous: 0.2%
Measures the average change over time in the prices paid by consumers for goods and services, indicating inflation trends.
📉 Initial Jobless Claims (8:30 AM ET):
Forecast: 219,000
Previous: 225,000
Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions.
🗣️ Fed Governor Michelle Bowman Testifies to Senate (10:00 AM ET):
Provides insights into the Federal Reserve's perspective on economic conditions and monetary policy.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Thu 10th Apr 2025 USD/SGD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/SGD Sell. Enjoy the day all. Cheers. Jim
Thu 10th Apr 2025 BTC/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for selling opportunity around 0.85700 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85700 support and resistance area.
Trade safe, Joe.
Zinc (ZINC) – Technical Analysis 1WThe price has broken below the 1W trendline, confirming a bearish scenario. After a fake breakout, the price moved downward and is now targeting 2551 and 2283. A breakdown below these levels could accelerate the decline. RSI shows weakening momentum, MACD signals a bearish crossover, and EMA 50/200 suggest further downside. Fundamentally, zinc prices depend on industrial demand, macroeconomic conditions, and USD strength. The main scenario is a drop to 2551 and 2283, while a recovery above 2900 could push prices toward 3100.
BTC ANALYSIS📊 #BTC Analysis
✅There is a formation of Falling Wedge Pattern on 12 hr chart and currently trading around its major support zone🧐
Pattern signals potential bullish movement incoming after a breakout
👀Current Price: $78,150
🚀 Target Price: $84,900
⚡️What to do ?
👀Keep an eye on #BTC price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#BTC #Cryptocurrency #TechnicalAnalysis #DYOR
CRUDE OIL (WTI): Important Support Clusters to Watch
On a today's live stream, we discussed potentially significant
historic supports on WTI Crude Oil to watch.
Support 1: 57.0 - 59.0 area
Support 2: 52.5 - 54.6 area
Support 3: 48.8 - 50.4 area
Support 4: 40.6 - 43.7 area
The price is currently testing a lower boundary of Support 1.
It perfectly matches with a completion point of a harmonic ABCD pattern.
It looks like we may see some pullback soon.
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Markets On Edge: Gold Soars, Dollar Stumbles, Bitcoin Bounces 🔍 Midweek Market Outlook: What’s Driving DXY, Gold & Bitcoin Right Now?
We’re in the middle of one of the most eventful trading weeks of the year.
The U.S. Dollar is retreating under policy pressure
Gold has officially gone parabolic, smashing through $3,000
Bitcoin is pulling back hard, down nearly 30% from its highs
These aren’t just price moves — they’re reflections of real economic stress and shifting capital flows.
In this week’s outlook, I break down:
📌 The key macro drivers behind these moves
📌 How the latest inflation data, Fed tone, and geopolitics are shaping sentiment
📌 Why gold is rallying like it’s 1980 all over again
📌 And what traders should anticipate next on DXY, XAUUSD, and BTCUSD
If you trade or invest in these markets, this is one of those weeks where fundamentals can’t be ignored.
🧠 Insights. 🎯 Forecasts. 🛠️ Trade Prep.
Check it out — link in the comments.
NZDCAD: Bullish Move From Support 🇳🇿🇨🇦
There is a high chance that NZDCAD will go up from the underlined support.
As a confirmation, I spotted a cup and handle pattern on an hourly chart.
Goal - 0.792
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GOLD MARKET UPDATE – Trend Breakouts and Market Structure Shift🟡 GOLD MARKET UPDATE – Trend Breakouts and Market Structure Shift
Gold has broken through both the parallel ascending channel and a narrow triangle pattern at the edges, resulting in a strong buying momentum (FOMO BUY). This move can be attributed to a mild positive shift in the US stock market yesterday, along with some upward momentum in the Asian and European markets today.
📉 Current Situation: It’s still unclear whether this movement is tied to positive news about tariffs, but an important level to watch is 3075 – 3077. If this level is breached, it may be time to reassess the outlook and consider shifting towards a BUY.
💡 Currently, there’s strong buying activity during the European session. It’s recommended to avoid jumping into BUY positions at these levels and to refrain from selling too aggressively.
📌 Scenario for Today: Look for potential BUY opportunities at the important levels 3030 – 3018 during the European session, and stay tuned for updates regarding FOMC tonight.
🔮 Be Cautious: The FOMC meeting will take place later today, which could lead to significant market movements. Be prepared for potential volatility and liquidity sweeps in less liquid areas.
🧭 Key Technical Levels:
🔺 Resistance: 3075 – 3090 – 3110
🔻 Support: 3030 – 3018 – 3000 – 2988 – 2974
🎯 Trade Setup:
🔴 SELL ZONE: 3074 – 3076
SL: 3080
TP: 3070 – 3066 – 3062 – 3058 – 3054 – 3050 – 3040
🟢 BUY ZONE: 2976 – 2974
SL: 2970
TP: 2980 – 2984 – 2988 – 2992 – 2996 – 3000
📌 Reminder: The market is currently very sensitive, so stick to risk management rules, ensure full TP/SL implementation, and avoid making hasty decisions.
Be cautious and watch the market movements closely!
— AD | Money Market Flow
#BTCUSDT at a Turning Point: Volume, Pattern & Macro Analysis🚀 BYBIT:BTCUSDT.P is potentially entering the final phase of a correction, but key levels have not yet been broken or confirmed — caution and reliance on validated signals are essential.
✅ Technical Analysis:
📈 Overall Timeframe Context:
➡️ 1H (hourly chart): A “double bottom” structure is forming, suggesting potential for a local rebound. Volume is gradually increasing at the second reversal point (Bottom 2), confirming growing buyer interest. A resistance zone is forming near the POC (83,236.9), but the price has yet to firmly break above 77,000.
➡️ 4H (4-hour chart): A more distinct “double top” pattern (Top 1 / Top 2) has already played out. Price broke down from the sideways range, falling below the lower boundary of the rectangle. It is currently trading near the key support level of 74,907.8 with an attempt to bounce back upward.
➡️ 1D (daily chart): A key observation is the breakdown of the ascending wedge, followed by the formation of a falling wedge — a potentially bullish pattern. The price is testing the lower edge of this wedge. A sharp increase in volume may indicate the start of an accumulation phase.
📍 Key Point:
➡️ The 74,907.8 level has been tested twice with strong volume response, reinforcing its role as a critical support zone.
➡️ A large liquidity cluster around the 83,000–84,000 POC zone could act as a price magnet in the event of a reversal.
📊 Volume Profile Analysis:
➡️ Across all timeframes, the POC is shifting toward the upper part of the range, confirming that buyers previously dominated the market. Redistribution now appears to be underway.
➡️ Most of the volume activity has been concentrated in the 83,000–85,000 range — if price returns to this zone, strong resistance is expected.
🔄 Market Structure:
➡️ A transition is underway from a distribution phase to a potential accumulation phase.
➡️ The downtrend remains active on the daily chart, but there are signs of momentum slowing and attempts to form a bottom.
✅ Fundamental Analysis:
🌐 Macroeconomic Outlook:
➡️ In early April, discussions about a potential Federal Reserve interest rate cut are expected to continue — a moderately positive factor for risk assets, including cryptocurrencies.
➡️ BYBIT:BTCUSDT.P remains in the spotlight for institutional investors (with ongoing inflows into BYBIT:BTCUSDT.P ETFs), though geopolitical uncertainty and dollar liquidity pressure persist.
🏦 Capital Flows:
➡️ Trading volume remains high, but there is a lack of significant inflows, suggesting that major players may be adopting a wait-and-see stance.
📢 Recommendations for BYBIT:BTCUSDT.P :
📢 Closely monitor the price reaction in the 74,900–75,000 zone — a breakout or confirmation of support will determine short-term direction.
📢 The 78,279.2 level is a key resistance — its breakout could attract new buyers.
📢 Watch how price behaves within the falling wedge (1D); if the structure tightens and volume increases, a breakout may follow.
📢 Keep monitoring macroeconomic events — particularly U.S. inflation data and upcoming Fed meetings.
📢 Pay close attention to volume activity at local lows — this may be the key to spotting a trend reversal.