The SP500 continued its decline on Friday. The downward price action is now very violent and could continue in the coming days as well. No signs of recovery still..
Gold market analysis: The weekly gold line hit a high and then fell back. The bulls reached a high of 3167. There was a big dive on Thursday and Friday, and the weekly line finally closed with a big tombstone. This morning, the lowest price of gold fell to 2971, and the range of ups and downs was very large. The daily line did not reflect it and directly broke all the support of the moving average, which means that the short-term top has appeared. In the later period, gold will begin to fluctuate at a high level and make a large structural adjustment. At present, the possibility of a large shock is relatively large, because this wave of sharp decline is caused by data and fundamentals. If the weekly line closes with a big negative again this week, it will bring a deep adjustment of the weekly line. I estimate that there will be a large shock and repair at the beginning of the week, and it will continue to fall in the second half of the week. Gold bottomed out and rebounded in the early trading, closing with a big positive line in 4 hours. The short-term decline met support and rebounded. We estimate that the range of the big repair in the white market is 3084-3000. You can make profits in this range. At present, catching its rhythm is the most important thing. Gold is swinging quite a lot, try to do it in a big position. Support 3000 and 3012, suppress 3055 and 3084, and the watershed of strength and weakness in the market is 3000. Fundamental analysis Last week's fundamentals were very stimulating. Trump's tariffs caused gold to plunge, and the positive non-agricultural data did not bring gold back to the buying momentum. Operational suggestions Gold------Buy near 3012, target 3055-3084
The S&P 500 just hit a wall at 5,074—smack in the middle of a long-term rising channel. After a steady climb since 2020, this index is flirting with a critical resistance zone (the red band). Will it break through to new highs, or is a pullback looming? The stakes are high for retail investors watching this tug-of-war. I’m curious—what’s your take on this setup?
We should see some short term relief. This is a place to buy oversold stocks after todays gap down.
Probably a low today. I expect the cash session to reach 4800-4750 by close and maybe sooner.
In this video, I break down a bearish technical setup on NZD, based on a triple bottom and descending triangle pattern, with a potential drop of over 700 pips. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Markets are in correction mode as everyone has (hopefully) noticed by now, with the NASDAQ and S&P500 breaching key lows. Forced selling like we saw on Friday usually gives us a reaction rally that can last a few days. Prices have already dropped too much already so don't try an be bold now with any agressive shorting, especially if you plan to keep positions overnight! You have to stay alert and react quickly to be able to profit on short-term setups within this bear market. Be disciplined, protect your capital, stay active—this is not an investor's market !!!
btc price vs global m2. Though, the M2 data is pending verfication
DJI showing a rising wedge which is a bearish pattern on this Daily chart Also right before the prior down movement is a double top in red Breakdown further out of this rising wedge pattern
? US30 MELTDOWN! – April 7, 2025 ? ? Historic Drop: Dow Jones tanks nearly 3,000 points in just days, crashing through all major support levels! ? Low Tagged: Price wicked into the 36,743 support zone before catching a small bounce. ? What’s Happening? This looks like panic selling—likely triggered by macroeconomic data or unexpected news. Volume is up, and structure is clearly broken.