Trade Idea 1: Short Position Setup: The price is currently near an area of supply (highlighted in red on the chart) and has shown signs of rejection, forming a bearish candlestick pattern. The stochastic oscillator also indicates overbought conditions, suggesting potential downside. Entry: Enter a short position near the current price level of $3,079. Stop Loss: Place the stop loss above the area of supply at $3,120 to account for potential false breakouts. Take Profit Targets: First Target: $2,930 (near the 0.236 Fibonacci level). Second Target: $2,800 (near the 0.382 Fibonacci level). Trade Idea 2: Long Position Setup: If the price retraces to the demand zone (highlighted in green on the chart) near $2,680–$2,700, this could be a strong area for a reversal based on historical price action and Fibonacci confluence (0.786 level). Entry: Enter a long position within the demand zone at $2,680–$2,700. Stop Loss: Place the stop loss below the demand zone at $2,640 to minimize risk. Take Profit Targets: First Target: $2,880 (near the 0.382 Fibonacci level). Second Target: $3,000 (psychological resistance level and previous swing high). Macroeconomic Considerations Gold prices are influenced by macroeconomic factors such as: Interest Rates: If central banks signal dovish policies or rate cuts, gold may rally due to its appeal as a safe-haven asset. Inflation Data: Higher inflation increases gold's attractiveness as a hedge. Geopolitical Tensions: Any escalation in global tensions could further support gold prices. Monitor news events and economic data releases closely to confirm directional bias before entering trades.
**Gold (XAU/USD) Technical Analysis – 1H Chart** **Current Price:** ~$3,018.51 **Resistance Levels:** ~$3,030, ~$3,045 **Support Levels:** ~$3,010, ~$2,995 *? Bullish Scenario:** - **Break Above Resistance (~$3,030-$3,045):** A sustained move above the nearest resistance zone could push gold toward $3,050 and beyond. - **Moving Averages Support:** If short-term moving averages (blue/black lines) provide support, bulls could regain momentum. - **Positive Risk Sentiment:** Any dovish signals from the Fed or safe-haven demand could fuel a rally. **Target:** $3,045–$3,060 *? Bearish Scenario:** - **Break Below Support (~$3,010-$2,995):** If gold drops below this level, it could test the next support zone around $2,990. - **Failure to Hold Above $3,020:** A rejection at resistance might increase bearish pressure. - **Stronger USD & Risk-On Sentiment:** If the US Dollar strengthens or risk appetite improves, gold could face downward pressure. **Target:** $2,995–$2,980 ** Conclusion :** Gold is currently consolidating near key levels. A breakout above $3,030 could lead to further gains, while a drop below $3,010 may trigger a sell-off. Keep an eye on market sentiment and economic data for confirmation. ?? https://www.tradingview.com/x/C4rvMopA/
https://www.tradingview.com/x/bgh3DNPV/ HI,Traders ! GOLD was trading Beneath the falling Resistance line but now We are seeing a bullish Breakout, pullback and a Rebound so we are locally Bullish biased now and we Will be expecting a further Local bullish move up ! Comment and subscribe to help us grow !
DISCLAMER ON !!! PSAB buy 264 target 1 340 target 2 376 sl 230
Gap up opening expected in nifty near 23750 level. After opening 23750 level will act as a resistance for the opening session. In case nifty starts trading and sustain above 23800 level then expected upside rally upto 24000+ level. Major downside expected below 23500 level.
The setup pattern from swing to swing on the orange arrows shows the same pattern in the next sequence. Could this indicate a **hyper rally** for altcoins in 2025 before entering a bear market in 2026?
Today will be slightly gap up opening expected in index. After opening if banknifty sustain above 51550 level then expected upside movement upto 51950+ level in opening session and this rally can extend for further 400-500+ points in case banknifty starts trading above 52050 level. Any major downside expected below 51450 level.
Looking to join the bears if UJ we can find failure in this structure zone.
Currently, the position of NCF1! or Newcastle Coal is within wave 5 of wave (C) of wave , indicating that Newcastle Coal remains vulnerable to further corrections toward the 86.55–96.15 range, as represented by the black labels. A similar pattern is observed in the red labels, where Newcastle Coal is also nearing the completion of wave (5) of wave . We observe continued pressure on coal demand due to weak consumption and oversupply, as many countries are increasingly investing in renewable energy sources amid slower global economic growth.
https://www.tradingview.com/x/imdkUfQ7 Bullish , I like 15myr to be booked to