XAUUSD - Preparing for Healthy Pullback?Gold has exhibited remarkable strength in recent days, surging from around $2,960 to establish new all-time highs above $3,230. After this vertical move and having reached overbought conditions, the 4-hour chart indicates a likely correction phase is imminent, with price projected to retrace toward the highlighted support zone around $3,160-3,170, which previously acted as resistance. This pullback represents a natural technical rebalancing after such an explosive upward movement and would provide an opportunity to test the market's conviction about the current bull trend. The highlighted lower support zone near $2,960 should contain any deeper corrections, though the immediate focus is on the upper support level as a probable target for this corrective wave before potentially resuming the larger uptrend. Traders should monitor price action around these key levels for signs of stabilization and renewed buying interest.
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XAGUSD - Awaiting Correction Before Next Leg HigherSilver (XAG/USD) appears to be in a recovery phase after experiencing a sharp selloff in early April that found a bottom near $2,840. The 4-hour chart shows the price has rebounded significantly from those lows and we are expecting for it to form a correction pattern. Based on the projected price path, we can expect a period of consolidation with some downside movement to establish a higher low, potentially targeting the $3,060-3,080 support zone, before resuming the larger uptrend toward $3,350 and beyond. This anticipated correction provides an excellent opportunity for traders to prepare long setups at discounted prices, with the highlighted support area around $2,880 serving as a major floor that should contain any deeper pullbacks. The overall technical structure suggests this retracement will be temporary before bulls regain control of the market.
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USDJPY - Bearish Momentum Points to Further Downside PotentialBased on the USD/JPY 4-hour chart, the higher probability move appears to be to the downside. The pair has established a clear downtrend since early February, with lower highs and lower lows, and recently broke below the significant support level around 144.00. The recent steep decline from late March to early April shows strong bearish momentum, with price now hovering near 143.50 after a modest retracement. The charted projection suggests further downside movement with potential targets around 142.00-141.00 in the short term, while the highlighted support zone around 142.00 and major support at 139.64 could attract price action. With resistance firmly established in the 147.00-148.00 region and the overall bearish structure intact, sellers appear to have control of this market for the foreseeable future.
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Gold Price Analysis April 10D1 candle confirms that the buyers have returned to the market with an increase of more than 100 prices. The retest points are considered buying opportunities to break ATH
3100 is a notable point for the Buy signal in this European trading session. Today's trading strategy is quite simple when a strong uptrend has just formed, we will wait for the retest points to 3100-3080-3056 for the BUY signal to break ATH. On the other hand, if gold does not test before, we can Sell Scalp around 3133 again, when it breaks, do not SELL anymore but wait for the retest of 3133 to buy up to 3162.
Have a nice day everyone
US-China Rift: India's Golden Hour?Heightened trade tensions between the United States and China, characterized by substantial US tariffs on Chinese goods, inadvertently create a favorable environment for India. The significant difference in tariff rates—considerably lower for Indian imports than Chinese ones—positions India as an attractive alternative manufacturing base for corporations seeking to mitigate costs and geopolitical risks when supplying the US market. This tariff advantage presents a unique strategic opening for the Indian economy.
Evidence of this shift is already apparent, with major players like Apple reportedly exploring increased iPhone imports from India and even accelerating shipments ahead of tariff deadlines. This trend extends beyond Apple, as other global electronics manufacturers, including Samsung and potentially even some Chinese firms, evaluate shifting production or export routes through India. Such moves stand to significantly bolster India's "Make in India" initiative and enhance its role within global electronics value chains.
The potential influx of manufacturing activity, investment, and exports translates into substantial tailwinds for India's benchmark Nifty 50 index. Increased economic growth, higher corporate earnings for constituent companies (especially in manufacturing and logistics), greater foreign investment, and positive market sentiment are all likely outcomes. However, realizing this potential requires India to address persistent challenges related to infrastructure, policy stability, and ease of doing business, while also navigating competition from other low-tariff nations and seeking favorable terms in ongoing trade negotiations with the US.
Gold Analysis April 9D1 frame is a Doji candle with unclear buying and selling power. but the market is still in the structure of a corrective downtrend.
H4 shows a strong increase from 2970 to 3050 due to data from fundamental analysis
Trading scenario: Gold is approaching the fionacci retracement zone. Pay attention to the two SELL zones today 3063-3065 and the zone 3089-3091.
For gold to move towards the upper SELL zone, gold needs to surpass 3047. If it does not break 3047 and close below 3039, wait for a retest to SELL to 3021 in the US session. If it does not break 3021, then BUY again in this zone. If it confirms closing below 3021, hold at 2990 today.
XAUUSD Analysis: Will It Soar or Dip? Esential Levels to Monitor🚨 Attention Traders! 🚨
XAUUSD is making waves and breaking through key levels! 🔥 The price is currently battling between 2977 and 2987 — will we see a breakout soon?
Bearish Alert: A dip below this range could lead us to targets like 2960 and 2955. ⚠️
Bullish Opportunity: A move above 2987 could trigger buying opportunities, with targets around 3004 and 3030. 🚀
💬 Let’s Talk Strategy! What’s your take on this? Share your insights as we ride this golden wave together and unlock new opportunities! 💰
Temu's Price Magic: Shattered by Tariffs?PDD Holdings, the parent entity behind the popular e-commerce platform Temu, confronts a severe operational challenge following the recent imposition of stringent US tariffs targeting Chinese goods. These trade measures, particularly the dismantling of the "de minimis" rule for Chinese shipments, directly threaten the ultra-low-cost business model that fueled Temu's rapid expansion in the US market. The elimination of the previous $800 duty-free threshold for individual packages strikes at the core of Temu's logistical and pricing strategy.
The impact stems from newly enacted, exceptionally high tariffs on these formerly exempt low-value parcels. Reports indicate rates escalating to 90% of the item's value or a significant flat fee, effectively nullifying the cost advantages Temu leveraged by shipping directly from manufacturers in China. This fundamental shift disrupts the financial viability of Temu's model, which relied heavily on tariff-free access to deliver goods at minimal prices to American consumers.
Consequently, significant price increases for products sold on Temu appear almost inevitable as PDD Holdings grapples with these substantial new costs. While the company's official response is pending, economic pressures suggest consumers will likely absorb these charges, potentially eroding Temu's primary competitive advantage and slowing its growth momentum. PDD Holdings now faces the critical task of navigating this disrupted trade landscape and adapting its strategy to maintain its market position amidst heightened protectionism and geopolitical tension.
United Postal Service | UPS | Long at $92.00The United Postal Service NYSE:UPS finally closed out the last remaining price gap on the daily chart (since 2020) and entered my "crash" simple moving average zone. With a P/E of 15x, earnings forecast growth of 8.12% per year, and a dividend over 6%, NYSE:UPS "may" be a good buy and hold through these tumultuous economic/trade war times. I wouldn't place a continued price drop near $75-$85 out of the question, but I'm not in the game of calling bottoms.
At $92.00, NYSE:UPS is in a personal buy zone. Word of caution: if this stock really tanks due to trade issues and massive recession, $50s...
Targets:
$108.00
$120.00
$133.00
Gold ChatGPT: Chart Analysis for Gold (XAU/USD) – April 08, 2025 – 1-Hour Timeframe
Key Observations:
1. Trend and Price Action:
- The price of Gold is currently in a downtrend, as indicated by the red trendline showing lower highs and lower lows. The price has recently broken below the previous support level, signaling a continuation of the bearish movement.
- The resistance zone near 3,141.64 remains a significant barrier for any upward movement, while the support level at 2,960.00 is holding the price from falling further.
2. Order Block and FVG (Fair Value Gap):
- The order block located at 3,138.95 to 3,141.64 has been a key area where price rejection occurred. The price approached this area but failed to break above, indicating strong selling pressure. This …
ChatGPT: - The target for the current bearish setup is 3,021, which aligns with the support level near 2,987.47. If the price continues to decline, this target could be reached soon, with further downside movement expected.
- If the price holds at the support level and forms a bullish reversal pattern, it may head back towards the resistance zone. However, until the support level holds, the price is likely to continue the downward trajectory.
4. Volume and Market Sentiment:
- The volume shows a consistent decline, confirming the selling pressure. The recent spikes in volume near the support level suggest that the market is reacting to the critical support area.
- Market sentiment remains bearish, with the price currently below its recent highs and the resistan…
ChatGPT: - Bullish Reversal Scenario: If Gold finds support at 2,960 and forms a bullish pattern (such as a reversal candle or engulfing candle), the price might move towards 3,141.64 again.
Conclusion:
The price of Gold is currently in a downtrend, facing resistance around 3,141.64 and support near 2,960. Traders should watch for price action near these levels to assess the next move. The target of 3,021 is the key level to focus on, and a breakout below this could lead to further downside. If the support level holds, there could be a potential for a bullish rebound towards resistance.
$$$ BTCUSD MACRO-BULLISH $$$ 1W CHART $$$BITFINEX:BTCUSD 1W Chart
There are many reasons to look at this weekly chart and see that there's absolutely no reason to be bearish on Bitcoin yet.
Holding strong r/s flip support.
Holding regression trend.
Holding parabolic trend.
Stoch RSI at the bottom.
Weekly bullish divergence.
Assuming this plays out in a way that's similar to the last local bottom, the current target is around $134k-$135k.
It would take a lot to invalidate all of these bullish indicators, but if that does somehow happen, with a CLOSE of the weekly candle that invalidated these, then It's pretty much definitely over for a loooong time.
NFA blah blah blah..