Gold prices pulled back on Thursday as bullish momentum eased following the Federal Reserve's (Fed) recent monetary policy decision and rising tensions in the Middle East. The XAU/USD pair is trading at $3,042, down by more than 0.19%. Market sentiment has shifted to the downside, while the US Dollar is rebounding, as reflected in the US Dollar Index (DXY), which measures the greenback's performance against a basket of six major currencies. Despite the Fed keeping interest rates steady at the 4.25%–4.50% range for the second consecutive meeting and announcing a slower pace of quantitative tightening (QT), gold traders were unable to push prices higher. Personal analysis: Gold is set for a short-term correction today after a series of gains, and bulls are pausing to monitor the next impetus that could boost gold prices. Daily RSI shows signs of decline after gold enters overbought zone 74 Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy Resistance zone: 3047 - 3056 - 3070 Support zone: 3025 - 3020 - 3002 Plan: ?Price Zone Setup: ?Sell Gold 3057- 3059 ❌SL: 3063 | ✅TP: 3052 - 3047 - 3040 ?Sell Gold 3040- 3042(Scalping) ❌SL: 3047 | ✅TP: 3039 – 3036 – 3030 ?Buy Gold 3024- 3026 (Scalping) ❌SL: 3018 | ✅TP: 3029 – 3032 – 3037 ?Buy Gold 3003- 3000 ❌SL: 2996 | ✅TP: 3008 – 3013 – 3020 FM wishes you a successful trading day ???
After identifying an error in the recognition of Wave D, Please be aware that price is likely to continue lower than expected and may find support at the 50% or .618 retracement areas. Trade accordingly and I will post an update later today. Last pivot high is 84,857
S ~ 4H Analysis #S Buy from here if you only have a Conviction on this coin with a short -term target of at least 10%+.
Flat opening expected in nifty. Expected opening near 23200 level. This level will act as an immediate resistance for nifty. Any downside reversal expected from this level. Downside 23000 level will act as a strong support for today's session. Any downside movement can revers from this support level. Strong upside rally expected if nifty starts trading above 23250 level. This rally can be 200-250+ points in today's session.
The Bitcoin (BTC/USDT) 4-hour chart suggests a key decision point near descending trendline resistance. BTC is testing a key descending trendline, which has acted as resistance multiple times. Rejection from this level could lead to a retracement towards the $79,000 – $78,400 support area (red arrow). If BTC breaks above the trendline with strong volume, it could signal a bullish continuation towards $88,000+ (green arrow). Immediate Resistance: $85,000 Key Support Area: $79,000 – $78,400 Breakout Target: $88,000+ If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters! Thanks for your support! DYOR. NFA
In this video I demonstrate directly why VARA network is NOT diluted. This is open for discussion as you may prove me wrong, I just am not seeing it.
Today will be flat opening expected in banknifty. After opening if it's sustain above 50050 level then expected upside rally upto 50450+ level in opening session. Any major downside only expected below 49950 level. Downside 49550 level will act as a strong support for today's session.
Daily review of my top pairs on watch for tomorrow and a trade I am currently in.
Based on the RSI and where we are with price on BTC, I think it’s important to more closely look at the bond market and equities. And overall how we look structurally within the macro economy. Biggest concern is the 12/25 MA bands have not began to compress. Compression before expansion typically. Now we could range within these level and began to compress the bands. If the bands do not began to compress and remain expanded, risk would be played better to the downside for now to the 73k level. On the flip side if we see upwards price action and compression of the bands this will lead us to rally higher to possible ATH. Use the information given to you by price and overall structure to map out where we might be headed and then let price do it’s thing. And position yourself to where you least amount of negative risk.
Gold has been dropping lower today as I said would happen last night. So what's next? Option 1: Gold keeps dropping towards $3,020. Target is very close. Option 2: We see Gold consolidate and play out a redistribution schematic within this yellow zone. Which option do you agree with more?