From what ive observed 03MAR25 printed a -breaker block that coincided with a -fvg this was my point of interest but i was t too sure until i seen how asian session was used to sweep previous day high to tap into some underlying supply which is the breaker block that i have highlighted. Using fibs i determined that the 95% premium would be optimal for entry. Im targeting the low of Friday, 28Feb25
Market news: In the early Asian session on Thursday (March 6), spot gold fluctuated in a narrow range, the US dollar index fell to 104.31, and international gold received safe-haven support at $2,917. US President Trump will suspend the 25% tariff on cars from Canada and Mexico for one month in accordance with the trade agreement. The "small non-farm" ADP employment data was lower than expected, which promoted dovish interest rate cut expectations. Investors may begin to bet on a 100 basis point interest rate cut in 2025. Affected by the US employment data and news about Trump's tariffs, the spot gold price fluctuated violently, and the fluctuation of the gold price during the US trading session reached nearly $36. In the end, the gold price closed basically flat on Wednesday. Trump's tariff exemption decision temporarily eased trade tensions and reduced market concerns about the trade war. The weakening of risk aversion may lead investors to reduce their safe-haven demand for gold investment, which will put pressure on international gold prices in the short term. The changes in the number of initial jobless claims and layoffs in the United States will be released on this trading day. Investors need to pay attention to it, pay attention to the ECB's interest rate resolution, and pay attention to the EU special summit. The market will also focus on the U.S. non-farm payrolls report, with economists surveyed predicting that U.S. non-farm payrolls will increase by 160,000 in February. The data will be released on Friday. Technical Review: Yesterday, gold prices fell first and then rose under the poor US ADP data. After falling below the 2900 mark and the lowest 2894, it rebounded and rose to 2929 before falling back to around 2915. The bulls and bears swept back and forth. It is worth noting that the sharp decline of the US dollar index and the sharp rise of silver did not cause further rise in gold. The gold price seems to be following its own independent trend. Today, the lower support is in the range of 2900-2905, and the upper pressure is around 2940! From the current market, the daily line has been up for 2 consecutive days this week, with an increase of more than 60 US dollars, which is enough to reflect the strength of the bulls. In addition to the rise of yesterday's market, the current price is running above the Bollinger upper rail, and the short-term moving average extends upward strongly, forming support at 2895 and 2880 respectively. The daily line should tend to continue the upward trend. Gold continues to fluctuate widely, and we continue to maintain the idea of oscillation trading. The main idea is to participate in the layout with the idea of oscillation, participate in the short-term of callback low and long, and pay attention to the high-altitude band opportunities near the previous high. Focus on the 2900/2940 range during the day. Today's analysis: From the daily chart, the medium-term trend of the daily chart remains unchanged, and the price is running in the rising channel. However, the lower line is too far away from the current price, which is not very meaningful. Last night, it also returned to the platform breakthrough point of 2900 under the counter-pressure, and rebounded again in the late trading. Whether the market can break through the counter-pressure of this short-term trend remains to be seen. After intraday fluctuations, gold fell back in the US market, and the current lowest is 2894!After rising continuously on Monday and Tuesday, the short-term increase was too large, and an adjustment process was needed. The price was also under pressure near the previous opening of 2930, especially in the 4-hour cycle. It is obvious that after continuous fluctuations, the bulls began to fail, and the retracement is more conducive to the subsequent rise! From the four-hour chart, gold broke the rising trend line before. The decline on Wednesday was exactly the 2895 line given, and then went long. The short-term indicator is overbought, but the overall upward pattern has not changed. Yesterday, the K-line rebounded strongly relying on the support of ma5. The Bollinger Bands opened upward, and the MACD golden cross diverged upward. Gold is currently in a bullish trend. The short-term continues to maintain a bullish mindset. Pay attention to the support break of the 10-day moving average 2900-2895. If this position is completely held and not broken, it will strongly impact the previous high. If it breaks, it will turn to high-level fluctuations! However, it is worth noting that the market did not continue to rush up after hitting the 5-day moving average support last night, but consolidated at a high level, and the MACD red column continued to decrease, suggesting that the pressure from above is gradually increasing. Therefore, today's short-term operation is bullish and not chasing the rise. Pay attention to the short-term bulls rushing high and then diving down due to insufficient momentum. On the whole, today's short-term operation of gold is recommended to focus on callbacks and short-selling on rebounds! Operation ideas: Short-term gold 2902-2905 long, stop loss 2894, target 2930-2940; Short-term gold 2937-2940 short, stop loss 2949, target 2910-2900; Key points: First support level: 2910, second support level: 2902, third support level: 2890 First resistance level: 2930, second resistance level: 2936, third resistance level: 2948
BANKNIFTY 48000 PE MAR EXP BANKNIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The BankNifty index facing selling pressure from higher levels, presenting a potential sell-on-rise opportunity. We recommend exploring the 48000 Put Option (expiring on 27th Mar) at ₹380 - 370. Target levels: ₹420 and ₹480. Stop Loss (SL): ₹320 Regards, OptionsDaddy Research Team
Short Term Elliott Wave View in Dollar Index (DXY) suggests the decline from 1.13.2025 peak is taking the form of an impulse with extension (nesting). Down from there, wave 1 ended at 106.97 and rally in wave 2 ended at 109.88. The ETF extended lower in wave 3 which is unfolding in 5 waves in lesser degree. Down from wave 2, wave ((i)) ended at 106.12 as the 1 hour chart below shows. Rally in wave ((ii)) unfolded as a zigzag Elliott Wave structure. Up from wave ((i)), wave (a) ended at 106.79 and pullback in wave (b) ended at 106.16. Rally in wave (c) ended at 107.65 which completed wave ((ii)) in higher degree. The ETF extended lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 105.87 and wave (ii) rally ended at 106.38. The ETF extended lower in wave (iii). Expect wave (iv) rally to fail for further downside to complete wave (v) of ((iii)). Potential target lower is 100% – 161.8% Fibonacci extension of wave ((i)). This area comes at 101.59 – 103.9 where wave (v) of ((iii)) should end. Near term, as far as pivot at 107.65 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
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Dear traders here are the key levels for nifty 06-03-25 (15m), most important support and resistance for intraday based on previous day movement and market trend. Note: Intraday view only
4h, 2h swing is bearish => current is pullback. M15 swing is bullish. We can look for selling opportunities according to the bearish structure of the 4H time frame. Or we can wait for the M15 time frame to show a bearish reversal signal.
The price reached $2,000, hitting a double bottom of the macro range. The price is projected to areas of 2,600 dollars, which would give us a perfect area to buy in 1S or 1M macro charts
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?#EURNZD Sell Setup Currently Trading at 1.88400 , Sell Rise till 1.89129 For The Target 1.85743—-1.83030