Gold at supply zone from here gold may be goes downside
Resistance Zone: Identified between $1.75 and $1.90. Support Level: Strong support near $1.20. Projected Upside: Potential rally towards $2.50.
The Chilean peso started the week with a solid appreciation of 0.95%, positioning itself as one of the best-performing currencies of the session and reinforcing a positive trajectory that has been consolidating throughout 2025, accumulating a gain of over 7% against the U.S. dollar so far. Two key factors explain this strong performance of the Chilean peso. First, the broad weakness of the U.S. dollar has facilitated a recovery in CLP. Second, and perhaps equally important, is the exceptional performance of copper, which has registered an increase of nearly 22% so far this year, providing crucial support to the Chilean currency, given the local economy's high dependence on the export of this metal. In particular, the recent strength of the Chilean peso received an additional boost following the release of a series of positive economic indicators from China, Chile's largest trading partner. At the start of this week, China reported a moderation in the decline of new home prices, marking the slowest drop in the last eight months. Additionally, industrial production exceeded expectations, growing 5.9% year-over-year in January-February, with key sectors such as computing, communication, and automobiles leading the expansion. Another factor positively received by investors is that retail sales accelerated to 4.0%. Beyond these favorable results, new government measures have emerged to stimulate domestic consumption, including subsidies for families and specific actions to strengthen Chinese consumers. This measure, in my view, is extremely relevant, especially in an environment where China is seeking to diversify its economy, which has experienced development constraints through the real estate sector and faces uncertainty in external demand due to trade tensions with the West. However, if Japan has taught us anything, it is that this process of changing consumer habits can be more complex than initially expected. Overall, this data is particularly relevant considering the current trade tensions between the United States and China. In fact, if the Chinese economy manages to remain stable despite U.S. trade aggression, this would most likely continue to benefit the Chilean peso. From an operational perspective, the market is focusing on the 900 Chilean pesos per dollar level, a key level where the currency faced resistance throughout 2024. A confirmation of this movement could open room for further peso appreciation in the short term. In summary, the current outlook presents a favorable scenario for the Chilean peso, though it will be crucial to closely monitor China's economic developments and the global context, as these are key factors for the continuation of this trend. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
? NIFTY INTRADAY TRADING PLAN – 18th March 2025 (Tuesday) ? Timeframe: 15 Min | ?Reference Closing: 22,515 ? CHART STRUCTURE EXPLAINED: Nifty closed near the middle of the Opening Resistance / Support Zone (22,508–22,547). There are clearly defined areas of support and resistance on both sides that help frame our intraday plan. Price action around these zones will provide direction for high-probability trades. ? GAP-UP OPENING (100+ points): Above 22,617 If Nifty opens above the Last Intraday Resistance (22,617), it enters a potential breakout zone. Avoid entering trades immediately after a GAP-UP above 22,617. Let the index retest this level for confirmation. If the price sustains above 22,617 for 15 minutes with higher volume, expect a continuation rally towards the Profit Booking Zone (22,727–22,801). Wait for a dip near 22,617 or even the upper band of 22,547. If the retest holds, go long with SL below 22,547. Profit booking is advised near 22,727–22,801 as this zone is likely to attract selling. Avoid fresh longs near 22,800 unless there’s a consolidation breakout. ? Educational Note: Chasing GAP-UPs leads to poor entries. The best trades happen when price retests a broken resistance and confirms support. ? FLAT OPENING (Within 22,508–22,547 Zone) This is the Opening Resistance / Support Zone — a tricky area that demands patience. Avoid trading in the first 15–30 minutes if price opens inside the 22,508–22,547 zone. It’s a chop zone, prone to false breakouts. A breakout above 22,547 with volume gives a long opportunity towards 22,617, and eventually 22,727. A breakdown below 22,508 brings the price into the Opening Support Zone (22,403–22,420). Watch for reversal signs here for possible bounce trades. Only consider directional trades once Nifty decisively exits this range. ? Tip: In tight ranges, option premiums decay faster. Avoid entering trades without confirmation. ? GAP-DOWN OPENING (100+ points): Below 22,403 If Nifty opens below the Opening Support Zone, volatility increases and levels become more critical. Support is visible at the Buyers' Zone (22,210–22,247). If the index opens around this zone, wait for a reversal pattern like bullish engulfing or double bottom on 15-min chart. If 22,210 holds with a strong bounce, a long can be initiated targeting 22,403–22,508 with SL below 22,210. However, if 22,210 breaks with conviction, bears may drag the index to 21,950–22,000 levels. Avoid shorts immediately at open—wait for either breakdown retest or confirmation below 22,210. ? Insight: Panic gap-downs often trigger short-covering rallies. Watch how price behaves in the first hour. ? RISK MANAGEMENT TIPS FOR OPTION TRADERS: ?️ Risk management is your ultimate edge in the market. Follow these key principles: Never trade options without a stop loss. Monitor levels, not just premium prices. Avoid selling far OTM options when market structure is trending. It’s a trap during sharp moves. If market is inside range, go with spreads instead of naked options to reduce Theta burn. Size your positions wisely—don’t risk more than 1–2% of total capital on a single trade. Always book partial profits at target zones and trail the rest with a stop. ? Options are like ice—they melt fast in choppy markets. Patience and timing are key! ? SUMMARY & CONCLUSION: ✅ Resistance Levels: 22,617 / 22,727 / 22,801 ✅ Support Levels: 22,403 / 22,210 ✅ Critical Zones: ⚠️ 22,508–22,547 (Opening Decision Zone) ✅ 22,403–22,420 (Support) ? 22,727–22,801 (Profit Booking Zone) ? Wait for confirmation before entering. Let market structure guide your direction, not emotions. ❗ Disclaimer: I am not a SEBI registered analyst. This plan is shared purely for educational purposes. Please consult with your financial advisor before making any trading decisions.
The chart displays Gold (XAU/USD) on a 1-hour timeframe, showing an upward movement towards the target of 3,000. Key features and annotations include: 1. SiBi (Swing In/Buy) and BiBi (Break In/Buy) zones, which highlight key areas where buying opportunities might arise as the price breaks key support or resistance levels. 2. Support Level: The price has formed a strong support around 2,990, with a potential for further upward movement once this level holds. 3. Order Block: Located around 2,950, this block suggests that there was significant buying activity here, making it a key area for price action. 4. The price is now reaching resistance levels near 3,000, showing bullish momentum. A breakout above this resistance would open the path for further gains, with the target set at 3,000. 5. The Target 3,000 is marked above the current price action, indicating a potential target to reach as the bullish trend continues. Traders should watch for confirmation of a breakout above the 3,000 resistance level for a potential continuation toward the target, using the BiBi zones for confirmation of further bullish momentum.
? BANK NIFTY INTRADAY TRADING PLAN – 18th March 2025 (Tuesday) ? Chart Timeframe: 15 Min | Reference Closing: 48,347 ? Chart Structure Summary: Bank Nifty closed near the higher band of the No Trade Zone (48,267–48,457). We have a clear structure forming, with important supply and demand levels on both sides. Watch closely how price behaves near Opening Resistance and Buyers’ Support Zones to frame directional trades. ? GAP-UP OPENING (200+ points): Above 48,550+) If Bank Nifty opens with a big GAP-UP above 48,550, we’ll likely open directly near or above the Last Intraday Resistance Zone (48,639–48,708). In this case, avoid aggressive buying at open. Wait for a pullback near 48,457–48,550, if supported, fresh longs can be considered. Target zone becomes Profit Booking Range: 48,834 – 48,894. Only if price sustains above 48,708 for 15-min, then momentum may carry us to 48,894. Book profits gradually. Avoid fresh shorts unless there’s a reversal candle from 48,834+ range. ? Educational Note: Never chase gaps blindly. Let the price cool off and give confirmation around structure zones. ? FLAT OPENING (within 48,267–48,457): No Trade Zone A flat opening inside the yellow “No Trade Zone” demands caution. Avoid trading immediately at the open if price is between 48,267–48,457. This area has been consolidation-heavy and may trigger whipsaws. Wait for a breakout above 48,457 to initiate longs with a potential move towards 48,639–48,708. If price breaks below 48,267 with volume, expect a slide towards Last Intraday Support at 48,105. ? Tip: First 30 mins is often a trap in tight-range zones. Let price action confirm strength/weakness before entering. ? GAP-DOWN OPENING (200+ points): Below 48,100) A gap-down opening near or below 48,105 or 47,950 can offer strong intraday opportunities. If price opens near Buyers’ Support Zone (47,873–47,944) and shows reversal patterns, go long with SL below 47,873. Upside target can be 48,105 initially and if sustained, then 48,267. On the contrary, if 47,873 breaks convincingly, sellers may drive prices toward 47,700–47,600 zone. Wait for structure to form before picking direction. ? Insight: Buyer zones are often tested with false breakdowns—wait for hourly candle closure to confirm breakdown. ? Risk Management Tips for Option Traders: ? Trade near structure zones. Avoid trading based purely on option premiums. Always define stop-loss levels before entering a trade. Avoid selling deep OTM options blindly during directional moves. Time decay (Theta) is your enemy in sideways markets—trade only when direction is clear. Position sizing is key—don't risk more than 1–2% of your capital per trade. ? Summary & Conclusion: ✅ Key Resistance Levels: 48,457 / 48,708 / 48,894 ✅ Key Support Levels: 48,105 / 47,873 / 47,600 ✅ No Trade Zone: 48,267–48,457 ? Trade only on confirmation and be mindful of market traps within the range. ? Focus on structure, patience, and risk control. Let the market come to you. ❗ Disclaimer: I am not a SEBI registered analyst. This plan is shared for educational purposes only. Do your own research or consult your financial advisor before trading.
Playing out as expected, now we ride the wave down and make some $$$$$
In tthe following video I will doing a recap on 2 recent videos I posted. I will going over the entries I called out.
This weekly chart looks bearish. Never know with Bitcoin but if price drop gains momentum, there is a large price range to play with. Love the tech and always bullish. Price is different. It varies. Be careful with your risk. This is not financial advice just my opinion.
- Price last candle close over resitence area in H1 -Price last candle close over resitence area in H4 - Price is expected to retest both resistence zone which should be now used as support zone * Educational purpose only