#KPJ 17.4.2025 ep - 2.70 sl - 2.55 (5.56%) tp - 2.94 (8.89%) rrr - 1.6X
Yesterday, the gold market opened at 3230 and then fell back slightly to 3229.4. After that, it fluctuated upward all the way. After breaking through the integer mark of 3300 during the session, the US market accelerated its rise. The daily line reached a high of 3342.8 and then the market consolidated. The daily line finally closed at 3342.2 and the market closed with a basically saturated large positive line. After ending in this pattern, today's market still has bullish demand. In terms of points, it directly rose to 3355 at the opening and tried to short stop loss at 3361. The targets are 3341 and 3332. If it falls below, it will exit near 3328 and 3320 to prepare for daily level long orders.
Recent rejections at the highs have prompted a deeper analysis, and the findings are quite intriguing. Based on a detailed wave review, there's a possibility we're currently trading within an expanded Wave B zig-zag pattern that has yet to find a bottom. If this scenario holds and we see a break below the 83,000 support level, price could potentially decline toward the 74,517 area. On the upside, resistance is observed at 86,506 and 85,493.
An example of a strong move out of the current down channel on TOTAL2 This breakout could continue to a position of strong resistance which i have labelled with the horizontal line Good time to buy alt coins 2Hr chart
EGLD Scrolling through Chat, this is another coin mentioned that Goliath either has bought or thinking to buy... This coin is one that has higher risk of death. Again this TA is on the 2 week chart, but notice that there is no bullish hammer as with ONDO, but only continuation of a very steep downtrend: https://www.tradingview.com/x/u9T5QECK/ Notice the high volatility whipsaw of the last bounce; its a retracement Golden Window failure. From there the trend has accelerated to the downside and that whipsaw appears to complete a 3 wave correction. That 3 wave correction appears to be a continuation pattern that connects the high time frame bear market downtrend form 2021 peak into the next wave down which began at the aforementioned whipsaw. ... On that basis we can use our ratio tools to project the depth of the current downtrend. So taking the extremities of the bear market as the first two pivots and the upper extremity of the continuation pattern as the third, will provide us with a correct "trend based fib-extension." Considering possible extension Golden Windows, this should not stop at the 1:0.618 Golden Window because that is a weak ratio that only occurs in a weakening downtrend. But as you can see on the chart, the trend is picking up pace in in this current wave down. So the minimum extension it will likely get to will be the 1:1 @$3.1. That would be a 76% haircut from current price and actually 95% loss from the whipsaw peak. In addition, if the trend does not shallow out and maintains this pace then more likely it will get to the 1:1.618 @ $0.42 before the next high time frame correction / reversal. ... This chart signals that this is a coin that may well maintain a perpetual bear market this cycle. It will be interesting to see what some of these ultra bearish charts do if crypto has a next wave up. If EGLD did somehow print a strong high time frame whipsawing bullish candle, then that could signal a selling climax into the start of a recovery. But it does appear that we may be passing through one of those moments that the winners are printing those bullish candles. And EGLD did not print one. ... This is a very dangerous game and these coins are constantly shifting gear. Some coins will perform well for a time and become very dangerous later on and vice versa... Some will be winners but others will die - just like MASK, LUNA etc ?. Not advice
Gold is extremely bullish right now due to Tariff wars! So what's next? Option 1: Gold pushes higher into $3,362 - $3,367 before rejecting and dropping down towards $3,326. Option 2: Gold climbs a little higher towards $3,372 which will confirm a bullish bias towards $3,460. But after touching $3,372 we will see a cool off towards $3,270. Which scenario do you find more likely?
? ? ? Market-Moving News ?: ?? ECB Expected to Cut Rates Amid Trade Pressures: The European Central Bank is anticipated to reduce its deposit rate by 25 basis points to 2.25% during its meeting on April 17. This expected move aims to counteract the economic impact of recent U.S. tariffs and a strengthening euro, which have contributed to disinflationary pressures in the eurozone. ? German Inflation Decline Supports Easing: Germany's inflation rate fell more than expected in March, dropping to 2.3% from 2.6% in February. This decline, driven by falling oil prices and a sluggish economy, bolsters the case for further interest rate cuts by the ECB. ? AI Enhances ECB Policy Predictions: A study by the German Institute for Economic Research indicates that artificial intelligence significantly improves the accuracy of forecasting ECB monetary policy decisions. By analyzing ECB communications, AI models can better anticipate policy shifts. ? Key Data Releases ? ? Thursday, April 17: ? Housing Starts (8:30 AM ET): Forecast: 1.420 million Previous: 1.501 million Indicates the number of new residential construction projects begun, reflecting housing market strength. ? Philadelphia Fed Manufacturing Survey (8:30 AM ET): Forecast: 3.7 Previous: 12.5 Measures manufacturing activity in the Philadelphia region, providing insights into sector health. ? Initial Jobless Claims (8:30 AM ET): Forecast: 223,000 Previous: 223,000 Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions. ⚠️ 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
The Cyprus Securities and Exchange Commission (CySEC) has slapped Lee Ron More, the Executive Director, President, and Shareholder of Itrade Global (Cy) Ltd, with a €50,000 fine and banned him from management roles for three years due to “significant governance lapses.” Itrade Global operates three retail FX brands, InvestFW, TradeFW and Tradedwell. However, the CySEC’s […]
? NASDAQ:AAON Update – Potential Bullish Double Bottom! ? ? NASDAQ:AAON has formed a potential Double Bottom pattern, which is typically bullish. ? If the price breaks out above the red resistance zone, it could trigger a move to fill the gap (potential 12% target) and reach the green line levels! Keep a close eye on NASDAQ:AAON for a potential breakout!
☕ NASDAQ:SSRM Update – Potential Bullish Cup & Handle! ? ? NASDAQ:SSRM appears to be forming a potential Cup and Handle pattern, which is typically bullish. ? Keep an eye on the development of the handle and watch for a potential breakout above the resistance level of the cup.