The current market environment is generally bullish, and gold prices still have a large upward space in the future. Based on the above analysis, the intraday operation recommendation is to focus on long positions on pullbacks, supplemented by high positions on rebounds. The short-term focus on the upper resistance level is 3375-3380 US dollars, and the short-term focus on the lower support level is 3300-3305 US dollars. The target is the 3360-3365 US dollar area or higher price;
AUD/USD Sell Trade Signal Entry Zone: Sell around 0.63700 - 0.63800 (after confirmed rejection or bearish setup) Take Profit Targets: • TP1: 0.63300 • TP2: 0.62800 • TP3: 0.62000 Stop Loss: • SL: 0.64446 (above recent high / liquidity zone) Analysis Summary: Price appears to be rejecting a resistance zone around 0.63700 - 0.63800 after a bullish move. A short setup is anticipated with the potential for a significant downside move based on the descending structure and bearish projections. The chart suggests a clean breakdown toward lower support levels, with TP3 targeting the 0.62000 region. Risk-Reward: Favorable RRR with tight SL and multiple TP levels for scaling out profits. NOTE: TRADE AT YOUR OWN RISK AND DO PROPER RISK MANAGEMENT.
Gold looks to have hit it's ATH target. We may be in for some risk off for longer than we want.
After the S&P break to the downside on the daily chart, the expectation is that on Thursday the market will trade inside the range of Wednesday's action as the market absorbs what happened with fundamental comments on Wednesday. New bearish news could push the market lower but that is not expected for Thursday.
ict liquidity sweep followed by a market structure shift entry into an fvg
ECONOMICS:GBIRYY 2.6% March/2025 source: Office for National Statistics https://www.tradingview.com/x/Uls0C7VW/ - The annual inflation rate in the UK slowed to 2.6% in March 2025 from 2.8% in February and below market and the BoE's forecasts of 2.7%. The largest downward contributions came from recreation and culture (2.4% vs 3.4%), mainly games, toys and hobbies (-4.2%) and data processing equipment (-5.1%). Transport also contributed to the slowdown (1.2% vs 1.8%), largely due to a 5.3% fall in motor fuel prices. In addition, prices rose less for restaurants and hotels (3%, the lowest since July 2021 vs 3.4%), mostly accommodation services (-0.6%); housing and utilities (1.8% vs 1.9%); and food and non-alcoholic beverages (3% vs 3.3%). In contrast, the most significant upward contribution came from clothing and footwear (1.1% vs -0.6%), with prices usually rising in March as spring fashions continue to enter the shops. Compared to the previous month, the CPI edged up 0.3%, slightly below both the previous month’s increase and expectations of 0.4%. Annual core inflation slowed to 3.4% from 3.5%.
ECONOMICS:CNGDPYY 5.4% Q1/2025 source: National Bureau of Statistics of China https://www.tradingview.com/x/tMXkyX1c/ - China’s economy grew 5.4% year-on-year in Q1 of 2025, maintaining the same pace as in Q4 and exceeding market expectations of 5.1%. It remained the strongest annual growth rate in 1-1/2 years amid Beijing's ongoing stimulus. The latest GDP readings were also buoyed by robust March activity: industrial output rose at its fastest pace since June 2021, retail sales posted the biggest gain in over a year, and the surveyed jobless rate eased from a two-year high. Fixed asset investment also slightly surpassed expectations in the first quarter. On the trade front, exports recorded their strongest growth since October as firms accelerated shipments ahead of looming tariffs, while a drop in imports narrowed. The statistics bureau said the Chinese economy was “off to a good and steady start” and highlighted the growing role of innovation. However, intensifying trade tensions with the U.S. have quickly darkened the outlook, increasing pressure on Beijing to roll out additional support measures.
As you can see on chart gold may go down 800 - 1000 pips from here If 3365 hold Good luck WEgo
Zoom says its platform is back online after suffering an outage for much of Wednesday afternoon. “Service has now been restored after the earlier outage, and we sincerely appreciate your patience and understanding,” Zoom said in a post on X at around 2 p.m. Pacific. The trouble began around 11:40 a.m., according to The Verge, […]
Chapter, a Medicare advisory startup co-founded by former Republican presidential hopeful Vivek Ramaswamy, has closed a $75 million funding round at a valuation of $1.5 billion led by private equity and venture firm Stripes. The startup helps seniors choose Medicare health plans analyzing doctors, hospitals, and prescription drug coverage. Unlike many other Medicare insurance brokers, […]