Gold (XAUUSD) is currently trading around 3049 after bouncing strongly from the highlighted support zone near 2950. Price is now testing the 2st resistance area, and a rejection here could lead to a bearish move toward the target zone just below. ? XAUUSD Bearish Trade Plan Entry Zone: 3045–3050 1st Target: 3030 2nd Target: 3015 Stop-Loss: Above 3060 (just above recent highs and the edge of the 2nd resistance zone) ?️ Why 3060 as Stop-Loss? It's above both the 1st and 2nd resistance zones. If price breaks above 3060 with momentum, it could signal buyers are in control and invalidate the short setup. This gives you about 30–35 pips of risk for a potential 30–35 pips gain to the 1st target, and up to 60–65 pips to the 2nd — offering a solid risk-to-reward ratio.
The 2960 zone is the first target, offering the potential for a moderate downside move. Here's why: Previous Support: The 2960 level has acted as support in the past, with price bouncing upward several times from this region. If the sell-off begins from 3065, we could expect the price to dip toward this support area before encountering potential buying interest. Trend Reversal Confirmation: A break below 3065 and a move towards 2960 would confirm that the bullish trend is weakening, and the market is shifting toward a more bearish bias. Liquidity Zone: In addition to being a support level, 2960 is also a liquidity zone where traders may look to book profits or enter long positions. As a result, the market may pause or consolidate at this level before deciding whether to continue lower.
??? GBP/USD news: ➡️ The British Pound (GBP) extended its previous day’s rebound, rising toward 1.2850 against the U.S. Dollar (USD) during Wednesday’s European session. The GBP/USD pair gained as the U.S. dollar remains under selling pressure amid growing concerns that the United States may enter a recession this year. TheU.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, dropped sharply toward the 102.00 level. ➡️ A renewed escalation in the U.S.-China trade conflict has heightened fears of a U.S. trade conflict. recession. recession. On Tuesday, President Donald Trump signed an order raising tariffs on Chinese goods to 104% after Beijing responded with retaliatory measures. Trump also accused China of currency manipulation to offset the impact of higher tariffs. Personal opinion: ➡️ The US-China trade war is getting hotter, which will be detrimental to the USD, supporting the GBP/USD currency pair. Therefore, GBP/USD remains within the uptrend line. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: ?Price Zone Setup: ?Buy GBP/USD 1.2815 – 1.2800 ❌SL: 1.2760 | ✅TP: 1.2865 – 1.2900 FM wishes you a successful trading day ???
Some participants in stock markets had hoped for negotiations to make some progress in the first week of April and at least some countries to be exempted quickly from the latest round of tariffs. However, now it’s a full-scale trade war: China in particular, under 104% tariffs, is very unlikely to back down. The main uncertainty for markets now is less how major countries such as China will continue to react and more whether the American government has discipline of policy to stick to what was announced. So far there hasn’t been a full-day close below 5,000, which suggests that this area is still a support and it’d be possible to see another attempt at a bounce soon. However, it’s important to consider the bigger picture: the current retracement has barely touched the highs from late 2021 and early 2022 plus the losses in the last two months haven’t so far been bigger than in early 2022, just faster. A very obvious bullish interpretation of the chart would be inverted head and shoulders, suggesting a return to 6,000 around this time next month. Perhaps obviously, that’s very questionable given how quickly the trade situation can change. Traders also need to monitor the upcoming earnings season in the USA, particularly banks’ reports on Friday 11 April, and sentiment on the Fed’s upcoming meetings. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
The EUR/USD is looking somewhat positive. I assume because the Exports to the US is under 1 -2% per country, it won't cause major havoc for Europe's GDP even though it's still not great. Investors are finding a safe haven within the EUR and out of the USD. Other reasons for the EUR/USD include: ?? U.S. Tariffs & Uncertainty Trump's new 104% tariffs spooked markets and hurt the dollar. ?? ECB Support Talk The ECB said it's ready to step in to keep inflation on track. ? Dollar Weakness Investors are pulling out of the dollar amid global slowdown fears. ? Sentiment Shift Traders are betting on the euro with the dollar under pressure. TECHNICALS Inv Head and SHoulders and the Neckline has finally broken up signalling upside for the EUR. Price 20 and 200 MA Target 1.1610 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Since the announcement of higher than expected new American tariffs, especially on China, oil’s decline has been dramatic. The very high tariffs on China are important because China is the largest importer of oil, so economic headwinds there usually have a significant effect on demand. OPEC+ decided last week to increase supply next month. 4 April was American light oil’s lowest weekly close since August 2021, so it’s difficult to estimate the next potential support. The 78.6% monthly Fibonacci retracement is around $40, but even in the circumstances that’s a very long way from where the price is now. The unusual strength of the oversold signal and the size of recent candlesticks call into question whether the price might continue immediately lower unless significant fresh trade news reaches markets. Equally, buying oil now looks like trying to ‘catch the knife’. Fundamentals are quite strongly negative and 7 April’s failed bounce suggests that demand is likely to remain low for some time unless there’s another round of strong losses or the tone of the news changes. Short-term trading of retracements seems to be the least bad option now. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
Bitcoin (BTCUSD) is hanging on its 1W MA50 (blue trend-line) amidst the market chaos and especially following last night's stronger 104% trade tariffs to China from the U.S. This is a simple yet powerful classic chart, displaying Bitcoin against the U.S. Dollar Index (DXY, black trend-line). This shows the long-term negatively correlated pattern they follow on their Cycles. Every time DXY entered an aggressive sell-off in the final year of the 4-year Cycle, Bitcoin started its final parabolic rally of its Bull Cycle. This time the DXY peaked exactly at the start of the year (2025) and is on a selling sequence up until today but due to the ongoing Trade War, BTC not only didn't rise but is on a correction too. Can an even stronger DXY sell-off save the day and complete the 4-year Cycle with a final rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
The price perfectly fulfilled my last idea . It hit the take profit level. OANDA:XAUUSD market bounced off the 3000 support level, potentially signaling the end of the corrective move. However, examining the 1H timeframe reveals the price still remains within the consolidation zone. If the price breaks and closes above the 3050 resistance zone, we can anticipate a continuation of the bullish move. I expect the price may continue moving sideways until the next trading day. However, if the price retests the psychological level below, we can look for buying opportunities. My goal is resistance zone around 3100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
https://www.tradingview.com/x/lLJ4QwPP/ USOIL SIGNAL Trade Direction: long Entry Level: 57.67 Target Level: 66.44 Stop Loss: 51.82 RISK PROFILE Risk level: medium Suggested risk: 1% Timeframe: 12h 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 COMMENT MY IDEAS✅
As I wrote earlier, April is the most powerful seasonal growth period in the first half of the year. The first half of the month was under selling pressure against the background of the continuation of the trend of the previous month and quarter, but as we approach the middle of the month, the activity of buyers is likely to begin to increase and from the second half of this week we can expect breakouts in coins with a subsequent trend. To date, coins with the monitoring tag that are not included in the delisting announcement have a high probability of growth, because They are the most oversold due to concerns related to the announcement, but now they have time to wait for the next announcement. Wing was the first to react, and it retains the probability of a new wave of up to 50%+ this month. But today I want to focus on the pda, where the main goal is to retest the range of 0.021-25 at least and attempt a test of 0.035-50 with sufficient volatility. Even with growth towards the immediate goal, the profit will be up to 150%+. VIB and alpaca have similar potential. More interesting assets for speculators are only the coins from the delisting announcement, because due to the minimal capitalization, even a small influx of buyers gives a large percentage of growth. In this regard, before the actual delisting, there is a possibility of powerful exit pumps this week, as it already was on vidt. In particular, according to uft, the momentum may reach several x's by the end of the week. Cream and troy have less potential, but they can also show profitable growth impulses in the event of increased customer activity in the market. I would like to note that uft and troy have very high non-closed targets on the retest of 0.21-25 and 0.0031-35, which may lead to growth after delisting from binance at the expense of other exchanges.