Gm. I just opened a long position on ada. I expect market to up a bit before Trump liberation a day speech. Trend is also bullish. Time sensitive ! Dtt strategy applied
1- Bullish divergence 2- Price has bounced from Support Zone. 3- Bullish Flag Pattern. 4- AB = CD anticipated. Therefore, one can expect a move to the upside.
The first quarter of 2025 saw significant price movements in many different asset classes. Traders saw equity indices broadly selling off with the ES contract falling near 10% from the highs while Gold continued to push higher to all time high levels. There are many factors contributing to the price movement, including a shift in the administration in the U.S., geopolitical tensions globally, and critical tariff announcements looming. There are also questions about the Fed environment and the strategy that will be implemented this year to begin cutting interest rates. Looking at the CME Fed Watch Tool today, it seems the market is pricing another rate pause for the May meeting and a near 60% chance of rate cuts coming in June. There is a large slate of economic date coming out for the rest of the week that could add great volatility to this uncertain market, including: Tariff Announcement Initial Jobless Claims Nonfarm Payroll Unemployment Rate Average Hourly Earnings This morning, traders saw the ADP Nonfarm Employment Change come in higher than expected and the markets are having a mixed reaction. President Trump will be speaking at 3:00 P.M. Central Time to introduce the tariff plan and how it will be rolled out, adding a level of clarity for the market moving forward into Q2. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/ *CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. **All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
USDCAD should see a massive rise soon. This is due to a bullish flag pattern which has formed on the daily chart. This should be a nice trade heading towards nfp release.
Gold fell back under pressure at 3150, testing the 3100 mark, breaking the previous trend line that had been rising for several days. The market gradually slowed down from strong bulls, and the daily line turned negative for correction. Don't expect the market to turn to short and fall sharply when it reaches here. The long-short conversion needs time to brew, and it is still a bullish trend now, so the probability of forming a volatile trend here is relatively high, with a range of 3138-3100. Only when it breaks below 3100 can we see the market turning to short. If the daily line is just a single negative correction, it will not change the overall upward trend. It depends on whether it can continue to close negative. The previous trend line support broke and turned into a pressure line, which basically coincides with the 3135-3138 line of pressure. If the decline weakens, then the third test of 3100 may break. If it continues to strengthen and break through 3138, it will also hit the high point of 3148-3149.
Overnight, gold prices encountered resistance near $3,150 and then fell back as traders took some profits near the all-time high. The current gold price is $3,123.39/oz, up 0.31%, with a high of $3,135.60/oz and a low of $3,107.29/oz. If gold falls below $3,100, it will move toward the nearest support level of $3,050-3,060. If gold stays above $3,100, bulls will remain in control. If the rally continues, the first resistance will be the all-time high of $3,149, followed by the $3,200 mark. From the daily chart of gold, the high and low of gold on Tuesday moved up from the previous trading day, which limits the bearish potential of gold. All moving averages are still far below the current gold price level and continue to rise. The 20-day simple moving average (SMA) is currently around $3001.00/ounce. Although the daily line has pulled back, the trend has not changed. There is a certain peak pullback pressure in the short term. The current trend has not fallen below the 5-day moving average support. The bulls still have expectations of strengthening again. Therefore, before closing below the 5-day moving average, it is still bullish. From the 4-hour chart of gold, the technical indicators are steadily falling, but they are still above the midline. There is a repair trend today, and the main focus is on whether 3150 can be broken. From the trend of the past two days, we can get several signals. Although the bulls are strong, the gold price has exceeded dozens of points when it has a wave of pullbacks at high levels. Another is that the low point of the pullback on Tuesday did not fall below the low point on Monday, and even the low point of the pullback in the US market has just been touched. Therefore, today's thinking is to treat it as a bull first. Gold prices rose again at the opening today, mainly affected by the tariff news. As of press time, gold prices were trading around 3125. At the hourly level, although it is bullish, we need to pay attention to whether yesterday's high of 3148 can be broken. Only after breaking through can we continue to look at 3173, followed by the extreme extension of 3218. For specific operation ideas, I suggest waiting for a pullback near 3115 to intervene in long orders, with the primary target at 3148 and the secondary target at 3173-3178.
Snowflake has been trading within a wide range between 108 and 240 over the past three years. During this period, revenue growth has remained steady, but operating and R&D expenses have consistently increased. This is a company that prioritizes growth and invests heavily in research, expanding its product offerings and business relationships. However, the recent downturn, driven by tariffs and the broader selloff in AI and cloud-related stocks has exposed Snowflake's vulnerabilities. https://www.tradingview.com/x/A2HN0NWS/ The company reports reflect this caution. Recently, SNOW has received both downgrades and buy signals, highlighting analyst and market indecision. In such an environment, the stock’s performance will likely lean heavily on broader index movement. With a beta above 1.5, SNOW is expected to react more sharply to market swings. The consensus 12 month target still shows 38% upward potential. Currently, Snowflake is finding support at the 200-day simple moving average. If the market manages to weather the impact of the April 2 tariffs and potential countermeasures, SNOW could stage a solid rebound. On the downside, the 130–135 zone stands out as a key support area just below the moving average.
The risk aversion in the early trading pushed up the gold price, but the bulls failed to continue and the gold price fell back after rising. From a technical perspective, the 4-hour gold price is above the moving average and the bullish trend remains unchanged. Structurally, the rise of gold prices is symmetrical in time and space, and the early decline is in line with expectations. The current upper resistance is at 3137-3141, and the lower support is at 3111-3106. In terms of operation, it is recommended to focus on long positions on callbacks and auxiliary on rebounds from high altitudes. Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3092, and the target is 3130-3150. Operation strategy 2: It is recommended to sell at 3139-3144, stop loss at 3150, and the target is 3120-3105.
These charts are very good signals for me. Don't over think it when Gold drops it'll be time to see a rally for BTC until then we wait.
Gold befindet sich in einem aufsteigenden Kanal zwischen Trendlinien. Der Preis entfernt sich vom dynamischen Widerstand, der bereits zweimal als Rückzugspunkt fungierte. Der Chart hat die obere Begrenzung des Kanals bereits erreicht und ist nach dem Test des 62%-Retracement-Levels unter den Widerstand gefallen. Im 1-Stunden-Zeitraum zeigen die Indikatoren, dass XAU/USD begonnen hat, die gebildete bärische Divergenz zu überwinden. Wir erwarten einen Rückgang. ------------------- Teilen Sie Ihre Meinung in den Kommentaren mit und unterstützen Sie die Idee mit einem „Gefällt mir“. Vielen Dank für Ihre Unterstützung!