Resistance Levels (Potential Selling Zones): 18,480 – 18,590: Immediate resistance at the 0.382 Fibonacci retracement (18,480) and the session high of 18,589.49. 19,140: Stronger resistance (horizontal level and 0.236 Fib), though likely out of range for next week unless a sharp rally occurs. Support Levels (Potential Buying Zones): 17,930 – 17,945: Critical support combining the 0.5 Fibonacci level (17,945) and the horizontal line at 17,931.91. 17,410: Next support at the 0.618 Fibonacci retracement (17,411). 17,000: Psychological support level (round number). Key Notes: The index closed at 18,285.16 (down 0.35%), suggesting bearish pressure in the short term. A break above 18,590 could signal bullish momentum, while a drop below 17,930 may trigger further downside toward 17,410.
Bullish Scenario: The CAC (F40) index maintains a bullish outlook, supported by the prevailing longer-term uptrend. The recent intraday price action indicates a bullish breakout above a period of sideways consolidation. The key level to watch is 8100, which marks the breakout zone and aligns with the rising support trendline. A corrective pullback that finds support at 8100, followed by a bullish rebound, could trigger further upside movement towards 8265, with extended targets at 8308 and 8354 over a longer timeframe. Bearish Scenario: A confirmed breakdown below the 8100 level, particularly with a daily close beneath this support, would negate the bullish outlook. This would expose the index to a deeper retracement, with immediate support at 8017, followed by 7983 and 7928, indicating a potential shift towards a corrective phase. Conclusion: The broader trend remains bullish, but 8100 is a pivotal level. Holding above this zone reinforces upside potential, while a decisive break below it could lead to increased selling pressure. Traders should monitor price action around this key level to confirm the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Euro bulls open champagne, But a bloody clown with a saw is roaming the fields. Disclaimer. Not a trading idea. Mind the gap.
I am showing you (Silver-Gold) pair . MCX:GOLD1! is Showing a bearish pattern while MCX:SILVER1! is showing a bullish pattern. Also the Silver-Gold Pair is showing a break out after consolidating. Looking all these is likely we can see the pair moving from 11k to 23K-24K. This post is just my perception and for study purpose only. I am not a SEBI registered analyst. As stock market has risk of loosing money. Please invest your hard earned money carefully. I cannot be held responsible for any loss in the stock/Commodities market.
Hello everybody, I hope you are doing well and you have a profitable day. I'm back with new idea for gold. Im expecting that gold will fall because there are multiple reasons, Gold has liquidate the sellers stop losses and now gold is about to falling, After falling gold will fly my target is gold will touch 2890-2880 and then fly to the 2930. Reasons : H4 Bearish Eng + Supply H1 Liquidity + sell pattern + Supply M30 Supply + Sell confirmation Kindly share thoughts here
? Bullish Bias ✅ Breakout Above Trendline Resistance - Signals bullish momentum shift. (+2) ✅ FVG Retest Holding Support - Price finding support in Fair Value Gap zone. (+2) ✅ Higher Low (HL) Formation - Structure favors continued upside. (+1) ✅ Potential Targets: 2,955.25 and 3,000.00 - If resistance at 2,956.29 is cleared, further upside is likely. (+1) ? Total Bullish Score: 6 ? Sources: Gold Price Momentum & Breakout - XTB Gold Market Structure & FVG - IFC Markets ? Bearish Bias ✅ Key Resistance at 2,955.25 - If price fails to break this level, rejection may occur. (+2) ✅ Fib Retracement Support at 2,871.07 & 2,833.29 - A deeper pullback is possible before continuation. (+2) ✅ USD Strength on Fed Rate Speculation - A strong dollar may cap gains for gold. (+1) ? Total Bearish Score: 5 ? Sources: USD Strength from Fed Policy - Bloomberg Key Resistance & Market Reaction - RoboForex ? Sentiment & Market Factors ? Central Bank Gold Demand (+ Bullish) - Institutional buying remains strong. Source? Stronger USD Weighing on Gold (- Bearish) - Fed rate expectations limit gold upside. Source? Inflation Hedge Demand (+ Bullish) - Rising inflationary concerns supporting gold. Source ? Final Bias: Slightly Bullish (Score: 6 vs 5)
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish CHoCH according to analysis and bias dated 28 February 2025. Price is currently trading within an established internal range. Intraday Expectation: Price is now trading in premium of 50% internal EQ where we could see a reaction at any point. Price could also target H4 supply zone before targeting weak internal low, priced at 2,832.720 Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: https://www.tradingview.com/x/TUIzp3MI/ M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis and bias remains the same as analysis dated 03 March 2023. As mentioned in my analysis dated 28 February 2025, whereby price printed a bullish CHoCH but stated I would continue to monitor price. On this occasion I have marked the previous bullish CHoCH in red as price did not pull back deeply enough to warrant internal structure breaks, additionally, there was minimal time spent . Price has printed a further bullish CHoCH which is now confirmed. Price is not trading within an established internal range. Intraday Expectation: Price to continue bullish, react at either premium of internal 50% EQ, or M15 supply zone before targeting weak internal low priced at 2,832.720. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart: https://www.tradingview.com/x/9vThKyC4/
XAU/USD (Gold) Market Update The gold price is currently trading near key rejection zones. We anticipate a potential rejection from the marked yellow resistance zone, which may trigger a move to the downside. Trade Implication: A rejection from the yellow resistance zone may provide a trading opportunity for those looking to enter a short position. Market Alert: All traders are advised to monitor the gold price closely, as a potential downside move may be imminent.
DXY is in a descending channel below the trend lines. Price is moving from the lower boundary of the channel. The chart has formed a harmonic pattern. On the 4H Timeframe, the indicators are indicating oversold. We expect a bounce. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPCHF: Resistance Zone Tested, What's Next? GBP/CHF: The pair has been fluctuating within a range trading pattern for several days. Both currencies remain strong, influenced by different factors. The Swiss Franc (CHF), known as a safe-haven currency, continues to maintain its status. Given that GBP/CHF has already tested a strong resistance zone near the top, there is a possibility that the pair could move down again to the 1.1310 level. Let's observe how the price action develops this time. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.