Hi dear trader according to my Anylysis market looks bearish gold is in sell trend Gold sell from my given entry point in chart
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 148/61.80% Chart time frame: D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Buy now or Buy on 93700.0 SL @ 92400.0 TP1 @ 97990.0 TP2 @ 99900.0 TP3 @ 102950.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands
? Nightly AMEX:SPY / SP:SPX Scenarios for May 1, 2025 ? ? Market-Moving News ? ?? Q1 GDP Contraction Raises Recession Fears The U.S. economy shrank for the first time in three years, down 0.3% in Q1. Weaker government spending and a rise in imports ahead of Trump’s tariff policies are weighing on growth outlook. ? Big Tech Lifts the Market Strong earnings from Microsoft ( NASDAQ:MSFT ) and Meta ( NASDAQ:META ) have boosted sentiment. Meta’s revenue guidance and capex surge point to aggressive growth positioning in AI and infrastructure. ?️ Treasury Refunding Outlook in Focus Markets are watching the quarterly refunding announcement for clues on upcoming bond issuance. This could influence rate volatility as the Treasury balances deficits and market demand. ? Risk-On Mood Despite Macro Headwinds Global stocks notched a 4-week high as traders bet on resilient earnings and central bank policy steadiness, even as U.S. macro data softens. ? Key Data Releases ? ? Thursday, May 1: ? Initial Jobless Claims (8:30 AM ET) Tracks new unemployment filings – a key gauge of near-term labor market stress. ? Continuing Jobless Claims (8:30 AM ET) Measures ongoing unemployment benefit recipients, reflecting persistent joblessness. ?️ Construction Spending (10:00 AM ET) Reports monthly change in total construction outlays — a direct measure of real economy investment. ? ISM Manufacturing PMI (10:00 AM ET) Provides a snapshot of U.S. factory activity. Readings below 50 suggest contraction. ⚠️ 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
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 36.6/61.80% Chart time frame: D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: C A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Tools for Humanity, the startup behind the World human verification project co-founded by OpenAI CEO Sam Altman, unveiled Wednesday a mobile device designed to help people determine the difference between a human and an AI agent. Rich Heley, Tools for Humanity’s Chief Device Officer and a former Apple director, debuted the Orb Mini device during […]
World, the biometric ID company best known for its eyeball-scanning Orb devices, on Wednesday announced several partnerships aimed at driving sign-ups and demonstrating the applications of its tech. World is partnering with Match Group, the dating app conglomerate, to verify the identities of Tinder users in Japan using World’s identity verification system. Additionally, World has […]
1. Trend Identification: 15M - Bearish 1H - Bearish 4H - Bullish D - Bullish 2. Support & Resistance: Support - 54176 ( 1H & 4H ), 51894 Resistance - 55957 3. Implication : Bank Nifty is Bearish on 15m and 1h but bullish on 4h and d timeframe. So 54176 is a key level. Because 4h is bullish market may bounce from 54176. If 54176 breaks then Target will be 51894. Also watch for the level 55957, if market opens gap up or go up in the morning then market can reverse from this level. If price close above this level, then maybe we see bulls in action.
Good 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 GBP/USD Sell. Enjoy the day all. Cheers. Jim
Since Monday, I’ve been saying that Gold hasn’t finished correcting, and the price action is now confirming that view. The drop continued with breaks below two key levels: the 3300 figure and the 3270 support, which was the recent low. After some sideways action (a bit of a limbo), we finally got the clean breakdown. At the time of writing, price sits at 3248, having just bounced slightly from the 3240 support, which aligns with mid-April’s ATH. Now comes the big question: Is Gold done correcting? In my opinion, not yet – and here’s why: Technical reasons for further downside: 1. The break below 3270 is significant and opens the door to deeper correction. 2. We now have two measured targets: ? Measured range target: ~1000 pips → puts price below 3200. ? First leg down: ~2500 pips → could push price closer to the 3000 zone. Trading Plan: The strategy remains unchanged: sell the rallies. As long as price stays below 3270-3290 zone, downside continuation is the base case. A move towards at least 3200 looks very probable – and deeper levels can't be ruled out. Don’t rush to call a bottom – let the market show when the correction is really done. Until then, the bias stays bearish. ? P.S: Expect great volatility to remain Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.