At the moment, we are suffering because I can imagine such a move for him according to the pattern below
The market expects the interest rate decision to keep the interest rate unchanged, which will have a certain negative impact on gold prices.From the technical perspective of gold, yesterday gold broke through and rose strongly.
After setting new highs ahead of the Fed meeting, the gold market undergoes a trend correction while maintaining its bullish momentum. As the DXY weakens, gold’s trajectory remains strong, with further gains anticipated following key market reactions. follow for more insights , comment , and boost idea
GOLD Gold reached the bullish target of 3038, as expected. However, today's market is highly sensitive due to the FED rate decision and geopolitical tensions, both of which could drive volatility. How the News May Impact Gold: Bullish Scenario: If the FED hints at rate cuts or Powell signals monetary easing, gold may gain strength and push higher. Bearish Scenario: If Powell confirms that rates will stay high, gold could face selling pressure. Technical Movement: Above 3038 → Gold could continue toward 3058, breaking higher to 3080. Below 3022 → A 1H or 4H candle close below 3022 could support bearish momentum toward 2994, a strong support level. Stability below 3038 will make a retest to 3022 Pivot Line: 3038 Resistance: 3048 | 3058 | 3080 Support: 3022 | 3010 | 2994
Tempted to sell here because this setup looks perfect, and is in my watchlist for some time and seems riped now according to what I waited for it to become. Price rejected the Daily Time Frame's Resistance area and has now came down with this consolidation towards the downside. I am looking to enter on the Hourly Time Frame, but I will not enter it for real, just eyeballing. I do it in this way because I am practicing restrain. There's no need to hop onto every setup you see, for now, especially when I am still not profitable in the long run which means something I done definitely isn't right. I think one of it is because I deviate from my strategy after I traded for some time, and I deviate due to emotional and PNL issues which didn't hit my goals. Just see and look. Take 1 to 3 trades, and take a break for awhile, maybe a week or so. Don't do this seeing and looking thing either, especially when you haven't been outside for some time taking in the yang energy from outside, but has been simmering in the yin energy at home for too long. How to know if long is too long? If you have cabin fever or symptoms like such, or if your hair is longer than you usually like it to be, or unkempt, messy room, unwashed dishes, unpaid bills etc. Too much yin energy. Too little yang energy, no balance. I think I shouldn't be seeing and looking, but since I already am seeing and looking, then I would have to practice some restrain and go out tomorrow. I have too much yin energy now. Especially when its raining outside, too. Monsoon season. Singaporeans overall are actually not really rich. They are just paper rich, and their paper rich is being restricted when they do want to materialise their gains. Not that there's anything wrong, just one or two big overwhelming issues would use up all the gains they gotten, and become dirt poor, just like any other people from other countries. So, nothing special here. The thing however is just like any first world country, you will survive if you get a job. If you would thrive or not, or recoup your losses depends on how you manage your current holdings. I am talking about myself. See you when I see you. 2041SGT 19032025
They are having problems holding 5650 and so unless they can get over that level, the bias is down and the chances of going further down is likely. I thought we would triangle overnight, but right now this looks like a compressed bear pennant.
As price broke above the ending diagonal strongly, my bias is now bullish for usd, it should rise higher before another leg lower. Good luck
The British Pound is dancing to a bearish tune, and our strategy has spotted a rhythmic opportunity in the GBP/USD currency pair. Like a seasoned hunter tracking its prey, the market has been carving out a downward trajectory, and now presents a textbook short opportunity that whispers promises of profit. GBP/USD Short Position Analysis: Market Setup: Entry Price: 1.29715 Stop Loss: 1.29942 First Target (1.5R): 1.29204 Technical Confirmation: 30-Minute Chart: Bearish signal and trend EMA Alignment: Confirmed Setup Type: Continuation (CR) Risk Profile: Tight stop of 0.00227 Clear downward momentum Validates multiple strategy checkpoints Key Observations: Trade follows established bearish trend Strong technical setup with multiple confirming indicators Clean entry with well-defined risk parameters Trading Plan: Close 50% at 1.5R (1.29204) Move stop to breakeven after initial profit Keep final portion as a trailing position Trading isn't just about numbers; it's about understanding the market's rhythm. Right now, GBP/USD is moving like a jazz musician - unpredictable, yet following a subtle, underlying structure. Our strategy isn't just trading; it's interpreting the market's musical score. Recommendation: Ride the bearish wave, but with the discipline of a seasoned surfer. Watch the 30-minute candles like a hawk, be ready to adjust your stop, and let a portion of your trade run free with the 55 EMA as your trailing companion. The market is calling. Are you ready to answer?
? Entry: 1.09074 ? Stop Loss: 1.08901 ? Take Profit: 1.09616 ? Risk-Reward Ratio: ~3:1 Analysis: ✅ Demand Zone Rejection – Price has bounced from a strong support level, indicating buyers stepping in. ✅ Bullish Momentum – Market structure shows signs of higher lows forming. ✅ Targeting Supply Zone – TP is set near the 1.09616 supply zone, where sellers might react. ✅ Confluence with News Events – Upcoming USD news could provide volatility in favor of the move. ? Plan: ? Enter long at 1.09074 after confirmation. ⚠️ Stop loss is placed below the recent support to minimize risk. ? Take profit is set near resistance to maximize gains. ? Let me know your thoughts in the comments! ? --- This keeps it engaging, professional, and structured for TradingView. Let me know if you want any modifications! ?
OctaTrader receives the ‘Best Fintech Product of the Year’ award from Global Business Magazine because it is Octa Broker’s proprietary trading platform. This modern trading solution has earned several respected acknowledgments in the market because it employs artificial intelligence tools and develops advanced technical advances. The Global Business Magazine posthumously recognized OctaTrader for its position […]