Get started

Trend Analysis

Gold: Soaring on Tariffs, Testing Technical WatersIn the early trading session of the Asian market on Thursday (April 3rd), spot gold continued its upward trend and once reached a new all - time high of $3,167 per ounce. This was because US President Donald Trump said on Wednesday that he would impose a benchmark tariff of 10% on all goods imported into the United States and impose higher tariffs on some of America's largest trading partners. This move will lead to an intensification of the trade war that he initiated after returning to the White House, causing the market's risk - aversion sentiment to soar sharply. However, given the rapid increase in the gold price, one should not blindly chase after buying more gold. On the one hand, the rapid rise in the gold price has accumulated a certain amount of pressure for a correction, and there is a high probability that a pullback and subsequent recovery rally will occur. On the other hand, the highly anticipated Nonfarm Payrolls data will be released tomorrow. On the eve of its announcement, the market will not quickly break out of a well - defined trading range and price level. On the daily chart level, gold entered a downward adjustment mode on Tuesday, breaking the previous consecutive upward trend with positive candles. However, the current moving - average system still maintains a pattern of diverging upwards. Today, the key focus is on whether the downward movement of the market is sustainable. Firstly, we need to pay attention to the support effectiveness of the short - term moving average MA5. Currently, this moving average is roughly located around 3098, which is extremely close to yesterday's low of 3100 when the price dropped. If this support level can hold, then in the short term, gold can still be regarded as being in a strong pattern. XAUUSD buy@3105-3115 tp:3140-3160
FOREXCOM:XAUUSDLong
by JohnGonzalez7
2
PEPE/USDT RSI, MACD, WTO all showing reversal potential1. Price Chart & Falling Wedge Pattern PEPE is currently trading within a falling wedge, a pattern that typically signals a bullish reversal upon breakout. Price just bounced from a key support zone around 0.000000525 - 0.000000690, forming a potential double bottom. Still hugging the lower wedge boundary, meaning a breakout or a strong bounce is possible. 2. Ichimoku Cloud Price is below the Kumo cloud, confirming a bearish long-term trend. However, both Tenkan-sen and Kijun-sen are flat, hinting at a potential squeeze before a big move. The future cloud is narrowing, showing reduced resistance in case of a bullish breakout. 3. RSI (Relative Strength Index) RSI is around 30.12, entering oversold territory. It's starting to curl upward, suggesting a possible bullish divergence. 4. WTO (Wave Trend Oscillator) WTO is deep in the oversold zone, and a green signal dot just appeared. This often indicates early signs of momentum reversal or upcoming bounce. 5. MACD MACD just flipped bullish with a crossover below the zero line — a classic early reversal signal. The histogram is turning green, confirming the downtrend is losing strength. 6. Cluster Algo Both green and red lines are in deep oversold conditions, hovering close together — a sign of consolidation. A green dot just flashed, another indication that a bullish move may be coming. Summary ✅ Bullish signals: Price sitting on major support + falling wedge pattern. RSI, MACD, WTO all showing reversal potential. Early signs of bullish divergence. ⚠️ Caution: Long-term trend still bearish (below Ichimoku cloud). No significant volume spike yet to confirm a breakout. Suggested Strategy (Not financial advice): Speculative entry: around 0.00000070 – 0.00000073 Stop-loss: below 0.00000052 Take-profits: TP1: 0.00000105 (Fibonacci 0.5) TP2: 0.00000131 (Fibonacci 0.618) TP3: 0.00000223 (Fibonacci 0.786)
Long
by Bicoinmoney
1
XAUUSD:Continue to go longAfter Trump made remarks about imposing additional tariffs, it once again caused significant volatility in the market. The main players also took this opportunity to conduct consecutive washouts in the market. After reaching around 3170 at its highest point, almost all short positions were cleared out. Currently, the market has rapidly dropped to around 3100. If you bought gold at a high price, you would also experience serious losses in your account. When the market is extremely unstable, the trading volume should be reduced, as the risks cannot be controlled. This is exactly why I have been emphasizing that novice traders should withdraw from the market this week. Otherwise, they are very likely to incur losses. Although the decline is quite substantial, it is still uncertain that the upward trend has ended. For short-term trading, one can try to go long again. xauusd buy@3100-3105 tp:3120-3130 I will continuously send out accurate signals, and all signals have been profitable. If you need accurate signals, please click the link below the article.
FOREXCOM:XAUUSDLong
by KentJessie6
1
Gold market trend analysisGold risk aversion pushed up gold prices, but the bulls failed to continue, and gold prices fell after rising. From a technical perspective, the 4-hour gold price remained above the moving average, and the bullish trend remained unchanged. Structurally, the rise in gold prices was symmetrical in time and space, and the early decline was in line with expectations. The hourly chart showed a weak bearish signal and diverged. The upper resistance is currently at 3137-3141, and the lower support is at 3111-3106. In terms of operation, I suggest that the callback is mainly long, and the rebound is supplemented by high short. Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3092, and the target is 3130-3150. Operation strategy 2: It is recommended to sell at 3139-3144, stop loss at 3150, and the target is 3120-3105.
OANDA:XAUUSD
by EmmaSaxton
1
GOLD Is Bullish! Buy! Here is our detailed technical review for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 3,128.13. The above observations make me that the market will inevitably achieve 3,167.36 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
2
Will Bitcoin Continue Its Dip After Trump's Tariff Announcement?Macro: - President Trump's recent tariff announcement has triggered sharp volatility in the crypto market, with Bitcoin falling below $84,000 amid fears of a global trade war and economic slowdown. - The Crypto Fear and Greed Index remains in "Extreme Fear," signalling cautious investor sentiment. - Despite the turbulence, institutional interest in Bitcoin remains strong, with firms like Strategy continuing to increase their holdings, showing long-term confidence in the asset. Technical: - BTCUSD is captured within a descending channel. The price rejected EMA21 after retesting it, indicating bearish momentum. - If BTCUSD closes below the support at around 82000-82300, the price may retest the following support at 73000. - On the contrary, closing above the resistance at 88500 may lead the price to approach the next resistance at 92000. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Short
by DatTong
1
GBPAUD - Already Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPAUD has been bullish trading within the rising channels in orange and red. Currently, GBPAUD is retesting the upper bound of the channels. Moreover, the $2.085 - $2.1 is a strong resistance zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper trendlines and green resistance zone. 📚 As per my trading style: As #GBPAUD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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.
Short
by TheSignalyst
1
Capitulation Might be Close, but A Big Low Could Be Also.I've explained for a while my idea if 5500 isn't support for SPX then we see a capitulation period to the 5100 sort of area. I think the case for this is picking up increasing merit. For a while I've not really been sure what to expect if that happened. My natural tendency to fade moves would make me naturally bullish but some different outcomes I considered would have that move being an important break and us only consolidating before heading lower. With the way all of this is shaping up, I think if I see a capitulation period now I have a strong bull bias. I do think we might be setting up a much larger decline overall but a sharp drop here would usually give some sort of bull trap. There are different ranges of bull traps. Shallow, mid and deep and spike out. Modern day markets run perpetually on hard-mode so it's reasonable to expect the most tricky one. Big bull bias for the immediate term if we put in a capitulation swing. I built up a position into the rally today. Which was not a lot of fun during sections of the day and harrowing for a moment late in the day but has me positioned well into the rally. I'm looking for a move down to under 5200 and close to 5100. My target would be 5150 or so at biggest with aggressive locking in near 5200. If this move hits (especially if it hits with bad news), will be super bullish for the near term - but I would consider this an important bear break if it comes.
SP:SPXShort
by holeyprofit
1
Tesla Bull Trap is copiumThere is currently 0% probably of a substantial breakouts in either direction. Tesla is crabbing and will likely continue to crab with high volatility until May. Nothing about the fundamentals has changed, and no technicals in terms of trend, volume, momentum, volatility and options chains suggests a reversal is nessary. The overall damage Elon has done to the brand is likely irreversible at this point. Sales in Germany are down I believe 90%, and more than 50% in the US, meanwhile in China BYD is dominating. Moreover, China or Germany could seize the gigafactory in retaliation for tarrifs if they wanted. That only leaves Texas and Nevada as manufacturing hubs on products without any sales. The promise of a fleet is a pipedream because FSD is not safe. Though this regime may push it through for Elon's benefit, it would only serve to incr3ase liabilities on their balance sheet and further damage the brand so it's not the moon shot he presents it to be. The entire brand was built on climate pledges and hope. The CEO has now endorsed big oil, he's running massive gas generators for AI, supports the regime that backed out of the Paris Agreement (again) and the protests are growing in momentum without any sign of slow down. In short TSLA is in the "find out" phase.
NASDAQ:TSLA
by livingdracula
2
S&P 500 Index Hits 2025 Low Following Trump's TariffS&P 500 Index Hits 2025 Low Following Trump's Tariff Announcement As shown on the S&P 500 Index (US SPX 500 mini on FXOpen) chart, the benchmark US stock index dropped below 5,450 points for the first time in 2025. This decline reflects the US stock market’s reaction to the tariffs imposed by the White House on international trade. According to Reuters: → President Donald Trump announced a 10% tariff on most goods imported into the United States, with Asian countries being hit the hardest. → This move escalates the global trade war. "The consequences will be devastating for millions of people worldwide," said European Commission President Ursula von der Leyen, adding that the 27-member EU bloc is preparing to retaliate if negotiations with Washington fail. Financial Markets’ Reaction to Trump’s Tariffs → Stock markets in Beijing and Tokyo fell to multi-month lows. → Gold hit a new all-time high, surpassing $3,160. → The US dollar weakened against other major currencies. The S&P 500 Index (US SPX 500 mini on FXOpen) is now trading at levels last seen in September 2024, before Trump's election victory. Investor sentiment appears to have turned bearish, with growing concerns over the impact of Trump's tariffs, as fears mount that they could slow down the US economy and fuel inflation. Technical Analysis of the S&P 500 Index (US SPX 500 mini on FXOpen) The bearish momentum seen yesterday signals a continued correction, which we first identified in our 17 March analysis. At that time, we mapped out a rising channel (blue) that began in 2024, suggesting that selling pressure might ease near its lower boundary. However, Trump's policy decision has reinforced bearish confidence, and now the price may continue fluctuating within the two downward-sloping red lines. This suggests that the long-term blue growth channel is losing its relevance. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:SPXM
by FXOpen
1
What Is an ABCD Pattern, and How Can You Use It in Trading?What Is an ABCD Pattern, and How Can You Use It in Trading? Are you looking to improve your trading strategy and technical analysis skills? The ABCD trading pattern may be just what you need. This tool may help you identify potential market reversals and decide when to enter a trade. Keep reading to learn more about the ABCD pattern and how to apply it to your trading strategy. What Is an ABCD Pattern? The ABCD pattern is one of the basic harmonic patterns. It gives traders an idea of where the market might reverse. Therefore, when combined with other forms of technical analysis, it may be a great addition to your trading arsenal. The ABCD pattern comprises two legs, AB and CD, and one retracement, BC, with D as an entry point. More specifically, an ABCD can be identified by: - AB Leg: A trend starts at A and makes a high or low at B. - BC Retracement: The price retraces from B to C. - CD Leg: The trend continues from C to D. - D Entry Point: Once another high or low forms and traders enter at D. These price movements create the “zig-zag” or “lightning bolt” shapes. In fact, ABCD patterns are present across every market and every timeframe. The up-down movements in financial assets represent opportunities to identify and trade ABCD patterns. Why Use the ABCD Pattern in Your Trading Strategy? Before we move on to identifying and trading the ABCD pattern, it’s worth explaining why you might want to consider using it. Here are a few reasons traders favour the ABCD pattern: - It’s one of the harmonic patterns suitable for traders of all experience levels. - It’s versatile and works for stocks, commodities, and cryptocurrencies*, not just forex trading. - Traders use ABCD patterns to make informed decisions about potential turning points in the market. - It can form the basis of a working trading strategy if used correctly alongside other forms of technical analysis. - It provides quite an effective risk/reward ratio if reversals are caught. How Traders Identify an ABCD Trading Pattern The first step in finding ABCDs is to look for that classic zig-zag shape. Once you’ve found one, it’s time to apply Fibonacci ratios to confirm the pattern. If you’re struggling, you can consider using pre-made ABCD pattern indicators or scanners to help your eyes get used to spotting them. The ABCD pattern requires that the BC leg is between a 38.2% to 78.6% retracement of AB, ideally between 61.8% and 78.6%. This means that if you put a Fibonacci retracement tool at A and B, C should be between 0.382 and 0.786. The second CD leg should be a 127.2% to 161.8% extension of the BC retracement. For extra confirmation, consider specifying that AB is equal to the same length as CD. While it can be tempting to start trading based on these conditions, you’ll find that, in practice, identifying point D can be trickier than it seems. That’s why traders typically use Fibonacci ratios, key levels, candlestick patterns, and higher timeframe convergence to confirm their entries, which we will touch on shortly. ABCD Pattern Examples Now that we understand how to identify the ABCD pattern, we can start applying it to real price action. Note that the ratios won’t always be perfect, so allowing for slight variability above or below the defined ratios is acceptable. Bullish ABCD Pattern For a bullish formation, the following must be present: - The AB leg should be between the high A and low B. - The BC bullish retracement should be between the low B and high C, which is below the high A. - The CD leg should be between the high C and low D. - BC is a 38.2% to 78.6% retracement of AB, preferably between 61.8% and 78.6%. - CD is a 127.2% to 161.8% extension of BC. Additionally, you may look for AB to be an identical or similar length to CD. Entry: Traders set a buy order at D. Stop Loss: The theory suggests traders place a stop below a nearby support level or use a set number of pips. Take profit: Traders place take-profit orders at the 38.2%, 50%, or 61.8% retracement of CD or hold for higher prices if they believe there’s the potential for further bullishness. Bearish ABCD Pattern The bearish ABCD chart pattern is essentially the same, just with the reversed highs and lows. As such: - The AB leg should be between the low A and high B. - The BC bullish retracement should be between the high B and low C. - The CD leg should be between the low C and high D. - BC is a 38.2% to 78.6% retracement of AB, preferably between 61.8% and 78.6%. - CD is a 127.2% to 161.8% extension of BC. You can choose to apply the same AB = CD rules in a bearish ABCD pattern if desired. Entry: Traders typically place a sell order at D. Stop Loss: A stop may be placed above a nearby resistance level or at a set number of pips. Take profit: Traders often take profits at the 38.2%, 50%, or 61.8% retracement of CD or hold for lower prices if there’s a bearish trend on a higher timeframe. ABCD Pattern Strategy A momentum-based ABCD trading strategy can help traders confirm potential reversals by incorporating indicators like the RSI (Relative Strength Index). This approach often adds an extra layer of confluence. Entry - Traders may wait for point D to form and for the RSI to indicate overbought or oversold conditions, typically above 80 or below 20. - Additional confirmation can be sought if there is a divergence between price and RSI, signalling weakening momentum. - Once the RSI crosses back into normal territory, it can suggest a reversal, providing an opportunity to enter the market. Stop Loss - A stop loss is often placed slightly above or below point D, depending on whether the formation is bearish or bullish, respectively. This helps potentially manage risk in case the reversal doesn’t hold. Take Profit - Traders can consider taking profits at Fibonacci retracement levels of leg CD, such as 38.2%, 50%, or 61.8%. - Another common target is point C, but traders may also hold the position for longer if further price movement is anticipated. Looking for Additional Confluence Given that trading the ABCDs usually relies on setting orders at specific reversal points, consider looking for extra confirmation to filter potential losing trades. Below, you’ll find three factors of confluence you can use to confirm your entries. Key Levels If your analysis shows that D is projected to be in an area of significant support or resistance, there’s a greater chance that the level will hold and the price will reverse in the way you expect. ABCD Timeframe Convergence One technique to potentially enhance the reliability of ABCD chart patterns is to check for multiple timeframes. When you identify the formation on a lower timeframe—say, the 5-minute chart—you can then look to a higher timeframe chart, such as the 30-minute or 1-hour chart to see the overall trend. If the pattern converges with the longer-term trend, it strengthens the analysis and increases the likelihood of an effective trade. Candlestick Patterns Some traders look for particular candlestick patterns to appear. The hammer and shooting star patterns are commonly used by ABCD traders for extra confirmation, as are tweezer tops/bottoms and engulfing candles. You could choose to wait for one of these candlesticks to form before entering with a market order. Common Mistakes to Avoid When Identifying an ABCD Chart Pattern Of course, ABCD patterns aren’t a silver bullet when it comes to effective trading. There are several common mistakes made by inexperienced traders when trading these types of patterns, such as: - Confusing the ABCD with other harmonic patterns, like the Gartley or three-drive pattern. - Trading every potential ABCD formation they see. It’s preferable to be selective with entries and look for confirmation. - Not being patient. ABCDs on higher timeframes can take days, even weeks, to play out. Experienced traders wait for the pattern to develop before making a trading decision. - Ignoring key levels. Instead, you could allow them to guide your trades and look for the ABCD pattern in these areas. The Bottom Line The ABCD pattern is a versatile tool that can enhance a trader’s ability to identify potential market reversals and refine their overall strategy. When combined with other forms of technical analysis, such as momentum indicators, an ABCD trading strategy can be an invaluable addition to your trading arsenal. For traders looking to apply the ABCD pattern in forex, stock, commodity, and crypto* markets, consider opening an FXOpen account and take advantage of low-cost, high-speed trading across more than 600 assets. Good luck! FAQ What Is an ABCD Trading Pattern? The ABCD trading pattern is a simple harmonic pattern used by traders to identify potential market reversals. It consists of three price movements: the AB leg, BC retracement, and CD leg, with point D marking a potential entry for a reversal trade. It helps identify changes in trend direction. How Can You Use the ABCD Pattern in Trading? Traders identify the ABCD pattern by finding the characteristic zig-zag shape and using Fibonacci ratios to confirm it. Entry points are typically placed at point D, with stop losses and profit targets based on the formation’s structure. Confluence with other technical analysis tools improves its reliability. Is the ABCD Pattern Bearish or Bullish? The ABCD pattern can be either bearish or bullish. A bullish ABCD indicates a potential upward reversal, while a bearish ABCD suggests a downward reversal. The structure remains the same, but the highs and lows are reversed. What Is the ABCD Strategy? The ABCD strategy revolves around identifying trend reversals using the formation and confirming entry points through tools like Fibonacci retracements or momentum indicators like the RSI for added accuracy. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Gold Reclaims Momentum – RSI Enters Overbought TerritoryGold is on fire again, closing at $3,126.45 (+0.38%) and continuing to ride a steep uptrend supported by the 50-day SMA (2,925.58) and a well-respected ascending trendline. 🔹 MACD is trending higher with widening separation – bullish momentum is building again. 🔹 RSI just breached 75.80, putting gold deep into overbought territory. 🔹 No immediate resistance above – price is in discovery mode. The trend is strong and healthy, but the overbought RSI suggests short-term pullbacks can't be ruled out. Still, buyers remain firmly in control above $3,000. As long as the trendline holds, gold’s shine won’t fade. -MW
FOREXCOM:XAUUSD
by FOREXcom
1
XAUUSD: Continuing the journey to increase sharply?Hello to all speculators! After carefully examining our 1-hour chart, it is evident that the uptrend remains intact. Despite some minor corrections, the upward momentum persists, especially after gold successfully broke through the previous resistance barrier. There are no signs of slowing down, indicating that the global uptrend foundation remains solid. A potential new bullish wave may emerge at this high level, continuing the long-term upward trend observed in recent weeks. Gary's target is to surpass the peak of $3,167 and aim for new highs in the near future. If you find this information helpful, don’t forget to like and follow Gary for the latest updates!
OANDA:XAUUSDLong
by Garygoldtrader
4
Lingrid | AUDCHF shorting OPPORTUNITY from Previous WEEK's HighThe price perfectly fulfilled my last idea . It hit the target zone. FX:AUDCHF market is currently moving towards the previous week's high after completing an ABC move. In addition, we have the upper boundary of the channel and a trendline, along with the significant round number at 0.56000 above. Since overall trend on higher timeframes remains bearish, I think that the price may rebound from this resistance level again, especially if the market shows the end of this retracement. Overall, I expect the market to form a fake breakout followed by a bearish move from the resistance. My goal is support zone around 0.55285 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
2