OANDA:XAUUSD remains in the rising channel after a significant downward correction since the recent record price rally and investors are focused on inflation data due out later this week and the latest developments on US President Donald Trump's tax plans. OANDA:XAUUSD was trading at nearly $2,905/oz as of press time, about 60Dollar below the all-time high reached on Monday after Trump announced his administration would impose 25% tariffs on the European Union without clarifying whether the tariffs would affect all EU exports or be limited to certain products or industries. At the same time, Trump also announced US tariffs on Mexico and Canada would take effect on April 2, delaying the original March 4 effective date. Late Wednesday, U.S. President Donald Trump reaffirmed he will maintain 25% tariffs on Canada and Mexico and added the European Union to the list of countries he will punish American consumers for importing goods from. Trump added that tariffs on Canada and Mexico will take effect on April 2. Market participants will closely monitor developments surrounding Trump's next tariff policy. Tariff uncertainty could spur flows into safe assets, benefiting precious metals. Since Trump returned to power, his comments on the timing, scale and targeting of tariffs have often confused global markets and raised questions about his policies. This instability, coupled with geopolitical changes, highlights gold's role as a store of value in times of uncertainty. Gold prices have also been supported in recent days by weak U.S. economic data, which has traders expecting the Federal Reserve to make just two 25 basis point interest rate cuts this year. Lower borrowing costs typically favor gold because the metal doesn't pay interest. On the other hand, Trump's plan to raise tariffs could raise the Federal Reserve's concerns about inflation, which could convince the Fed to keep interest rates high for longer. This may limit gold's rise. Looking ahead, investors will analyze Friday's core personal consumption expenditures price index, the Federal Reserve's favored measure of inflation, for more reading and anticipation of the direction of monetary policy. Basically, gold still has a lot of potential support as the recent decline was mainly due to profit-taking and partly affected by the cooling situation in Ukraine, which was brought to the attention of readers through daily publications and short comments. https://www.tradingview.com/chart/XAUUSD/ohSTXcIN-GOLD-recovered-after-a-1-3-correction-paying-attention-to-PCE/ Analysis of technical prospects for OANDA:XAUUSD Gold continues to decline as the recovery fails to take gold price above the POC Volume Profile and the Fibonacci point extends 0.236%. On the other hand, the Relative Strength Index (RSI) is also pointing down with a significant slope, showing that the price momentum is overwhelming because profit-taking activities in the market are overwhelming. It is very likely that gold will continue to decline more with a target of around 2,865 USD, this is also the confluence position of the lower edge of the price channel with EMA21, this support position is very important for the uptrend of gold prices in the medium term. Once gold is sold below $2,865, further downside will be noticed at $2,835 – $2,790 in the short term, so long protection levels should be placed behind this price point. Regarding the current position, gold still has enough upside conditions and notable levels will be listed again as follows. Support: 2,900 – 2,880 – 2,865USD Resistance: 2,933 – 2,946USD SELL XAUUSD PRICE 2941 - 2939⚡️ ↠↠ Stoploss 2945 →Take Profit 1 2933 ↨ →Take Profit 2 2927 BUY XAUUSD PRICE 2869 - 2871⚡️ ↠↠ Stoploss 2865 →Take Profit 1 2877 ↨ →Take Profit 2 2883
? Market Situation: BTC/USD has set a new local low at $82,256.01. A bullish divergence is forming on the 1-hour (1H) timeframe based on the RSI indicator, signaling a potential trend reversal. The downside potential appears limited, as selling pressure is weakening. ? Key Levels: Support: $82,256 – a critical level for a potential reversal. If this level breaks, the next target could be $79,100. Resistance: Shifting to $89,300. For bullish confirmation, BTC must hold and stabilize above $89,300. ? Expectations & Scenarios: 1️⃣ Bullish Scenario: If BTC holds its current levels, a rebound towards $89,300 resistance is likely. 2️⃣ Bearish Scenario: If BTC fails to break resistance or faces renewed selling pressure, a retest of $79,100 is possible. ? Conclusion: A trend reversal is more likely at these levels, but confirmation is needed for an upward movement. A break and hold above $89,300 would validate a bullish scenario. This analysis reflects only certain perspectives and should not be considered as investment or trading advice. It is recommended to conduct your own analysis and develop a trading strategy or consult with a qualified professional before making any investment decisions.
Here’s a detailed analysis of the *GBP/USD sell trend* based on the provided information: --- ### Key Levels: - *Sell Zone (Demand Zone)*: 1.26250 - *1st Technical Target*: 1.25000 - *2nd Technical Target*: 1.23500 - *3rd Technical Target*: 1.22500 --- ### Trend Analysis: 1. *Sell Zone (Demand Zone) at 1.26250*: - This level acts as a key area where selling pressure may emerge. If the price approaches 1.26250 and shows signs of rejection (e.g., bearish candlestick patterns, overbought RSI), it could signal a selling opportunity. Traders may consider entering short positions near this level. 2. *1st Technical Target (1.25000)*: - This is the first downside target if the sell trend gains momentum. It represents a significant support level where traders might take partial profits or reassess the trend. 3. *2nd Technical Target (1.23500)*: - If the selling pressure continues and the price breaks below 1.25000, the next target is 1.23500. This level could act as a stronger support zone. 4. *3rd Technical Target (1.22500)*: - This is the final target if the downtrend remains strong. It represents a deeper support level and could be the ultimate goal for the sell trend. --- ### Trading Strategy: - *Sell Near 1.26250*: Enter short positions near the sell zone (1.26250), especially if there are signs of rejection (e.g., bearish candlestick patterns, overbought RSI). - *1st Target (1.25000)*: Take partial profits or reassess the trend at 1.25000. - *2nd Target (1.23500)*: If the downtrend continues, consider closing more of the position or trailing the stop-loss. - *3rd Target (1.22500)*: Close the remaining position or trail the stop-loss further. - *Stop-Loss*: Place a stop-loss above the sell zone (e.g., 1.26500-1.26750) to limit risk in case of a breakout. --- ### Conclusion: The GBP/USD sell trend is bearish, with the sell zone at 1.26250 and technical targets at 1.25000, 1.23500, and 1.22500. Traders should monitor price action around these levels and use proper risk management to capitalize on the downward movement.
I just opened a solana short position if anyone wants to follow along. Roughly 3RR Based on my analysis I think the market is gonna push to make a lower low soon and will likely fall to the $129.6 area and maybe lower but i might be a sleep so setting a hard target at that area so that Its likely to get hit. I did not wait for any special type of entry confirmation here I think its high enough and my stop is at good invalidation point in a relatively safe area and good level. I don't expect much upside movement from here. This should be an attract area for other sellers to get in.
BTC has already shown an obvious downward trend, and the next target price will reach 80K. A rise presents the best opportunity to go short. Today's trading strategy for BTC: BTCUSDT SELL@ 86K-87K TP: 82K-80K Currently, the account balance has increased from 40K to 100K in just three days. This account will create a miracle. If you also need accurate signals or want to copy my orders, you can click on the link below the article to obtain the relevant information.
Hello, Skyrexians! As you remember we have the previous analysis on CRYPTOCAP:BTC.D where we pointed out the target at 66% and the shakeout. But we were sure that it will happen in the upcoming week, but Dominance retraced again below 61% and current wave doesn't look like the wave 5. This move increased probability of more positive scenario for altcoins. Let's take a look at 12h time frame. We can see that candles were able only to touch the 62.5% and then retested the recent low. It gives us an idea that the probability that this is wave 5 decreased. Here we have two scenarios. The first one is that we are in wave 4, which is more complicated that we supposed and candles will finally reach 66%. But the second scenario now has even more than 50% probability. This pump could be already shortened wave 5. Unfortunately, Bullish/Bearish Reversal Bar Indicator can't catch such waves, but Awesome Oscillator tells us that wave 4 has been finished and we can see the divergence, which could already happened if dominance touch 66%. Now AO is reversing and this is the sign that this impulse to the upside will not continue. The clear breakdown of 60% will confirm this idea. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Do not BUY/SELL now. It is too late. Just wait @ BUYING ZONE The chart above explains. This is a follow-up to the previous idea. My charts are straightforward. So there isn't much to talk about. But TV insist that I write something or else it would not publish. TV also offers me many 'trading tools' - of course, I have to pay. But the thing is that I have no use for such tools. So in the end, I use it for FREE Thank you TV.
Bearish side till about 1.04377 then bounce towards 1.04840
Technical Analysis for February 27, 2025: 1. Current Price Action: * SPY is trading around $593, attempting to hold above $590 (key support level). * A falling wedge pattern is forming, which could signal a reversal if SPY reclaims $595-$600. * POC (Point of Control) at $594.43 is the key pivot area for direction. 2. Key Levels to Watch: * Support: $590 (Critical level), $589.56 (Last line of defense), $580 (Major downside risk). * Resistance: $595-$600 (Breakout level), $605 (Strong resistance). * Upside Targets: $610, $615, $620. 3. Indicators Analysis: * MACD: Bearish, but flattening, suggesting slowing downside momentum. * Stoch RSI: Moving higher, indicating a potential short-term bounce. * Volume Profile: Heavy liquidity between $590-$595, indicating strong accumulation or distribution. GEX & Option Strategy for Tomorrow and the Week: 1. Gamma Exposure (GEX) Insights: * Call Walls: $610, $620 → Resistance areas. * Put Walls: $590, $580 → Key downside support. 2. IV & Sentiment: * IVR: 30.8 (Low) * IVx Avg: 22.7 (Very low volatility, favoring breakouts). * Put Positioning: 102.9% bearish sentiment. * GEX Sentiment: Very bearish—needs $595+ to shift sentiment. 3. Trading Suggestions: * Bullish Setup: If SPY reclaims $595-$600, consider long positions targeting $605-$610, with a stop at $590. * Bearish Setup: If SPY fails to hold $590, short setups targeting $585-$580, stop at $595. * Options Play: Selling put spreads at $590 or call spreads near $610 resistance. ? My Thoughts & Suggestion: * SPY is sitting at a critical support zone ($590-$593)—holding here could trigger a bounce toward $600-$605. * A break below $590 could lead to accelerated selling toward $580. * Low volatility suggests a breakout move is coming, making long options attractive. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. ?
Chart shows comparison to the last two cycles which have been scaled to match this cycle. With all the differences this cycle has offered, the early run before the halving, the long drawn out mini bear market retracements, but yet all the bullish news for Bitcoin and Crypto from here on out in the U.S.A, might we not experience a traditional bear market and instead play out a Super Cycle instead? It seems to me like this is, or could be playing out like the beginning of a Super Cycle. A move that takes Bitcoin into the millions. Just the same large parabolic run, similar when you zoom out and view the traditional Dow/S&P Stock Market as a whole since the 1980s. I suppose the absence of a deep and long bear market could be another clue that indicates this theory, until then it's just a theory and time will tell all....