Gold has rejected our $3,156 like I said it would! So what's next? Option 1: Gold keeps dropping lower towards $2,960 next. Option 2: Gold correct itself and moves higher to cover its imbalance. Which scenario do you find more likely?
Hello traders I did mention in my last idea that I have sidelined the markets but volatility can be very profitable if the correct levels are in play. My entry buy order was filled at the weekly high of 1.0889. I took profit at the 0.786 fib at 1.0990 and switched to a short. However, I will reverse again if 1.0954 holds during this session. My take is simply, how much worse can these tariffs get? The market backlash has been severe. Will the administration amp up the threats? Possible but unlikely. Even Republicans are finally speaking out against the future damage inflicted on the economy. We are faced with a plethora of contradicting elements. The job market was still strong in March even with unemployment ticking up. But let's see what April brings. I am still keeping my eye on DXY, US 10Y T-note and US 10Y yield. My sense is that the markets are losing confidence in the USA and USD. I have never made a secret of the fact that I do intraday scalping. Be assured, I am not marrying any of these trades. Best of luck.
Gold opened with a massive gap down today due to growing market panic, plunging below the $3000 psychological level. Although it briefly rebounded to $3030+, selling pressure intensified again, dragging prices back below $3000 and continuing to test lower support levels. This sharp sell-off wiped out almost two months of previous gains. While the panic is real, it’s important not to be ruled by fear. Lower prices offer entry opportunities for long-term bullish capital. In such moments, we need courage as much as caution. Rather than following fear blindly, we suggest looking for buy opportunities at lower support zones, with a combination of scalping tactics for short-term trades. ? Trading Strategy: ? Buy Zone: $2980 – $2950 ? Sell Zone: $3040 – $3060 ? Scalping Zone: $3021 – $2996
Lowkey I popped off in this video, but we looked at AMEX:SPY weekly and talk about past repeating patterns, and when this chaos could end
The Gold (XAU/USD) is falling towards the pivot which has been identifed as a pullback support and could bounce to the 1st resistance. Pivot; 2,954.94 1st Support: 2,790.01 1st Resistance: 3,132.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
This capitulation period could be the end of a bearish butterfly / failed break of the range low. If it is, then it'll be uppy from here. Very tight tolerance for stops here. If this fails it could be absolutely horrific. But markets have what I suspect to be wash out low properties. I'll try one more batch of longs and if they don't work write that off as misadventure. Best chance of a bigger rally to date so far in BTC now I think.
Good Afternoon Everyone, Hope all is well. Key corp has broken the bearish volume fight. Currently sitting on a strong support and is looking to head to the next rotation. I am a buy on this one until it hits the resistance level. Thanks
and so it begins. I'll be buying hard under the trend the deeper it goes
?Sound on!? ?Make sure to watch fullscreen!? Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
FX:EURUSD The trend is up, has gapped down to support area and bounce back, still looking like it could continue higher. Going in with a tight stop, looking to make a quick profit next week. Good luck to you