Precious metals declined due to US President Donald Trump's unpredictable tariff policies but remained anchored at high levels because of this. On February 25, Mr. Trump directed a study of the possibility of imposing new tariffs on imported copper to rebuild US production of metals critical to electric vehicles, military hardware, power grids and many other consumer goods. He also announced he would soon expand his trade war to include a 25% tariff on goods from the European Union (EU)... Investors are waiting for the US personal consumption expenditures index (PCE) report, a favorite inflation measure of the Federal Reserve (FED), scheduled to be announced on February 28. How inflation develops can affect the FED's interest rate policy this year and impact the precious metals trend. Higher-than-expected inflation could strengthen the possibility that the US Central Bank will continue to delay further interest rate cuts. Meger added that as one of the key hedges against inflationary pressures, gold should appreciate more.
New to Technical Analysis here but I am loving my learning journey. Watch this absurdly long video to see my thoughts on where I think we are in relation to past cycles and how after deep thought on the Elliot Wave Patterns I have found it astonishingly lines up to a tee with past cycles. I didn't modify it anyway to make it line up ------ it just did!
//@version=5 strategy("XAU/USD Breakout Bot", overlay=true) // Define breakout range (Previous High & Low) length = 20 highestHigh = ta.highest(high, length) lowestLow = ta.lowest(low, length) // Entry conditions breakoutLong = ta.crossover(close, highestHigh) breakoutShort = ta.crossunder(close, lowestLow) // Risk-Reward Setup risk = 1.0 // Define risk per trade stopLoss = strategy.position_avg_price - risk takeProfit = strategy.position_avg_price + (risk * 4) // Execute Trades if (breakoutLong) strategy.entry("Buy", strategy.long) strategy.exit("TP", from_entry="Buy", stop=stopLoss, limit=takeProfit) if (breakoutShort) strategy.entry("Sell", strategy.short) strategy.exit("TP", from_entry="Sell", stop=strategy.position_avg_price + risk, limit=strategy.position_avg_price - (risk * 4)) // Plot breakout levels plot(highestHigh, title="Resistance", color=color.red) plot(lowestLow, title="Support", color=color.green)
Today will be flat opening in index near 48550 level. After opening this is the important support for banknifty. Any major downside only expected below this support level. If banknifty starts trading below 48450 then possible sharp downside upto 48050 level. Upside 48950 level will act as a resistance. Any upside rally can reversal from this level.
Bitcoin trending bullish. With 2 more days until candle close, we get 2 options to anticipate. Wick below 89,029 OR Close below 89,029. If wick below, liquidity grab, bulls still in control. If a close below, highly probable to tap into Demand zone between 79k & 49k.
?EUR/NZD 1H Technical Analysis ▪️Market Structure & Trend: The market is in a bullish structure, forming higher highs and higher lows. The recent price action suggests a potential pullback before continuing the uptrend. ▪️Key Levels - Support (Point of Interest - POI): 1.83660 - Resistance (Target Area): 1.84930 - Current Price: 1.84052 ▪️Price Action & Expected Movement: - The price has reached a short-term resistance zone and is showing signs of consolidation. - A retracement to the POI (1.83660) is likely before further upside movement. - If buyers step in at this demand zone, a bullish continuation toward the 1.84930 target is expected. ▪️Trade Considerations - Bullish Scenario: Look for confirmation of support at the 1.83660 zone before entering a long position. - Bearish Scenario: A break below the POI could indicate further downside, invalidating the bullish bias. ▪️Conclusion: The market remains bullish, but a short-term pullback to the 1.83660 support zone could offer an optimal buy opportunity for a move toward 1.84930. Traders should watch for bullish confirmation signals at the POI before entering a trade. ?Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
In this analysis, we’ll explore how big news events and market behavior affect Bitcoin's price, focusing on political changes. Impact of Big News Events: - When significant news hits, like a change in government, it can drive markets in a certain direction. For example, when Trump won the election, it created a surge of energy that pushed Bitcoin’s price up. - This shows how big events and public sentiment can cause major shifts in cryptocurrency prices. Technical Analysis and Market Behavior: - Technical analysis looks at how traders' emotions and predictions shape market movements. For instance, traders often use the Fibonacci sequence to make trading decisions. Current Market Situation: - The chart shows we are experiencing a sell-off, which is a temporary drop in price. This drop is part of a normal correction that we expect to bounce back up from the trend line. - We’re in the second wave of this new trendline. Elliot wave theory means you can generally expect 5 waves before a major reversal. The next upward move is expected after all the selling has settled, especially in the long green candle area. (Imbalance to be filled) Expected Market Behavior: - In cryptocurrency trading, it’s common to see prices dip below trend lines before bouncing back up strongly. - We can expect Bitcoin to dip further below the trendline before bouncing back up with more force, like a trampoline. This is 100% necessary to absorb the liquidity of market makers, retail investors, and institutional long positions to rally the digital asset to new heights ? That being said, Never trade more than you can afford to lose. DYOR, and keep in mind black swan events can happen like a major war to shift the trend line a different direction
Short Term Elliott Wave View in Amazon (AMZN) suggests that rally to 242.52 on 2.5.2025 high ended wave III. The stock then did a double three Elliott Wave correction ((W))-((X))-((Y)). Wave ((W)) ended at 221.77 and wave ((X)) ended at 234.81. Wave ((Y)) lower unfolded as a zigzag Elliott Wave structure. Down from wave ((X)), wave (A) ended at 225 and wave (B) ended at 234.81. Wave (C) lower subdivided into 5 waves impulse. Down from wave (B), Wave 1 ended at 228.06 and wave 2 ended at 233.92. The stock then resumed lower in wave 3 towards 210.7 and wave 4 ended at 213.18. Final wave 5 lower ended at 204.16 which completed wave (C) of ((Y)) of IV in higher degree as the 30 minutes chart below shows. The stock has turned higher in wave V. Up from wave IV, wave (1) ended at 218.16. Pullback in wave (2) is now in progress to correct cycle from 2.26.2025 low before the stock resumes higher. Near term, as far as pivot at 204.16 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.
this is my personal view for xauusd. at the moment the ideal scenario is the price to break above 2930 ad gives us sell set up. invalidation above ATH. target min to break 2890 the bst case below 2888. dotn risk over 2% would be wise.
A gap opening occurs when the opening price of an index (like Bank Nifty) or a stock is significantly higher (gap-up) or lower (gap-down) than the previous day's closing price. This is usually driven by overnight news, global market trends, or changes in market sentiment.