Price action is in an uptrend(higher high)and has touched the 0.5 confirmed Fibonacci level, the price is also "sitting" on the weekly and 2-week moving average and a strong multi-year horizontal trend line(the purple one just beneath the 0.5), But, Everything can change at any moment, and the market can resume the broader market's downtrend because of the uncertainty surrounding it. Wishing you good luck
it will be bullish for short term i think bec USDT.D chart will hit on support again for the third time
? #ONDO Analysis ?? ??In 1hr chart we can see a formation "Rising Wedge Pattern in #ONDO. There is a strong resistance zone near at $0.8840 and we could see a rejection from that level but if the price breaks the resistance zone then we would see a bullish move ?? ? Current Price: $0.8640 ⏳ Target Price: $0.9350 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #ONDO. ?? #ONDO #Cryptocurrency #DYOR #PotentialBreakout
?? Gold Continues to Shine – What’s Next? ?✨ After closing a full daily candle above 3030, gold continued its upward momentum, reaching 3045 and then 3057 so far. A daily close above 3055 could push prices further toward 3095, especially with renewed geopolitical tensions ??. ? Technical Outlook: ? RSI remains in the bullish zone, indicating that the uptrend is not over yet, with the potential to reach new levels before any corrective move. ? Key Levels to Watch: ? A daily close below 3005 may lead gold back to 2980/2965 ? Holding above 3055 strengthens the bullish trend and opens the door for 3095 ? #Gold #Trading #MarketAnalysis #Investing #TechnicalAnalysis
Silver hovered near $33.60 after the Fed held rates at 4.25%-4.5%, signaling 50 bps cuts by 2025. Despite trade-war fears and Trump’s policies, silver remains near a five-month high. Lease rates surged as stockpiles shrank, especially in London, with silver flowing to the US for higher prices, widening market price gaps. Spot silver is up 17% this year, outperforming other commodities. Tariffs strain silver transfers from Canada and Mexico, tightening supply and fueling fears of a prolonged “silver squeeze.” If silver breaks above $34.05, the next resistance levels are $34.85 and $35.00. On the downside, support is at $33.80, with further levels at $33.15 and $32.75 if selling pressure increases.
Gold hovered near a record $3,050, supported by Fed rate cut expectations and safe-haven demand. The Fed reaffirmed plans for 50 bps cuts this year amid rising economic uncertainty, driving gold. Middle East tensions escalated as Israel resumed ground operations in Gaza after an airstrike ended a two-month ceasefire. The US continued strikes on Houthi targets, with Trump warning Iran over future incidents. Trade concerns persisted ahead of new tariffs in April, following the US’s 25% duty on steel and aluminum in February. Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
Analysis done directly on the chart Link for bank holiday: https://www.dukascopy.com/plugins/fxMarketWatch/?holiday_calendar This is the volume inconsistency, suddenly heavy push from beginning of the week and cool off by the end of the week. Trade carefully, trade safe. Not financial advice, DYOR. Market Flow Strategy Mister Y
GBP/USD held near 1.3000 as sentiment stayed upbeat after the Fed reaffirmed 2025 rate cuts, though delayed. Markets still expect a 25 bps cut in June, with Powell highlighting strong US growth and a healthy labor market. The Fed lowered its 2025 GDP forecast to 1.7% from 2.1% and acknowledged trade policy risks but sees inflationary effects as short-lived. Focus now shifts to the BoE’s Thursday rate decision, with no changes expected. On Friday, the UK’s GfK Consumer Confidence is projected to fall to -21.0 from -20.0. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
EUR/USD fell for a second day, nearing 1.0900 in the Asian session. The pair found support as the dollar weakened on falling Treasury yields after the Fed reaffirmed plans for two rate cuts. However, uncertainty over Trump’s tariff policies kept sentiment cautious. In Europe, German lawmakers approved a debt plan by likely Chancellor Friedrich Merz to increase growth and defense spending. A shift from Germany’s conservative fiscal stance could drive inflation and influence ECB policy. Investors await ECB President Lagarde’s speech on economic and monetary affairs in Brussels on Thursday. Key resistance is at 1.0950, followed by 1.1000 and 1.1050. Support stands at 1.0880, with further levels at 1.0800 and 1.0730.
The yen strengthened past 148.5 per dollar, rising for a second session as the dollar weakened after the Fed reaffirmed two rate cuts this year. Fed Chair Powell downplayed Trump’s tariffs as short-lived. The BoJ kept rates at 0.5% on Wednesday, adopting a cautious stance amid global risks, especially US tariffs. It also emphasized monitoring forex markets and their impact on the economy. Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.