Gold surged to nearly $3,500, but multiple indicators now point to a potential top. A short-term correction or consolidation phase appears likely before any new highs. Bearish Signals Across the Board: RSI Divergence: RSI failed to confirm recent highs, showing bearish divergence. Momentum Fading: MACD & momentum oscillators rolled over → rally exhaustion. Volume Shift: Rising on down moves, drying up on rallies → classic distribution. Bearish Candlesticks: Spinning tops + bearish engulfing patterns signal reversal risk. Elliott Wave: Likely completed 5-wave impulse → next up: ABC correction? Cycles: April top aligns with intermediate cycle peak → watch May for cycle low. Seasonality: Historically weak May–June period approaching. COT Data: Speculators still long, but commercials heavily short → caution warranted. ? Trade Setups Short-Term (1–5 Days) ? Short Entry: ~$3,400 ? Target: $3,270 → $3,215 ? Stop: Above $3,460 Medium-Term (1–4 Weeks) ? Short below $3,215 → Target $2,970 ✅ Or go long on confirmed bounce at $3,150–$3,180 Long-Term (1–6 Months) ? Bullish bias after correction completes ? Buy zones: $2,960–$2,720 ? Targets: $3,540 → $3,900+ ⛔ Stop: Below $2,700 ? Outlook Summary: Bias: Cautiously Bearish (short-term) → Bullish (long-term) Gold likely topped in April — expect weakness or sideways action before the next major leg higher. Be patient for a better buying opportunity later this spring/summer.
Geometrically, a touch of $145 will be a perfection. Above all key MAs. Trading near ATH. Showing incredible strength in a volatile market.
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (LINKUSDT 1D chart) https://www.tradingview.com/x/C4qjVZ3y/ In order to continue the uptrend, the price must be maintained above the M-Signal indicator on the 1M chart. Accordingly, we need to see if it can rise above the Fibonacci ratio of 0.382 (15.82). Therefore, the key is whether it can rise after receiving support near 14.81. - If not, it should fall, and we need to check whether it supports near 12.49. - Trading strategies can be created based on whether there is support near the HA-Low and HA-High indicators. It is not suitable to start trading because it has already risen from the current HA-Low indicator (12.49). Accordingly, when it receives support near 12.49 and rises to the Fibonacci ratio 0.382 (15.82), you can check whether there is support and start trading. This trade requires a short and quick response. Therefore, it is recommended to try to keep the stop loss point. If it rises above the Fibonacci ratio 0.382 (15.82) and maintains the price, 1st: 19.52 2nd: 23.98 It is expected to rise to the 1st and 2nd above. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - This is an explanation of the big picture. To check the entire range of BTC, I used TradingView's INDEX chart. I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) https://www.tradingview.com/x/z7KccUWy/ Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) https://www.tradingview.com/x/qnPyNIaV/ Based on the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely that they will act as volume profile ranges. Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range. In order to do that, we need to see if it is supported and rises near 2.618 (134018.28). https://www.tradingview.com/x/QXrexgiP/ If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%. Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the bear market starts. ------------------------------------------------------
Appears to be a Wave 3 in motion. At the recent high, the measurement was 1:1 of the first wave has been achieved. I expect a bigger move. In theory, wave 3 is never the shortest and often extends past the 1.618 level to 2.618, 3.618 . . . The major gold companies are going to start catching attention and explode. It might take another quarter or to in order to see that expanded earnings/cash flows. are for real.
This is my current opinion on $SIREN. It looks set to fly up again. Pls manage your risk, this is not in any way a financial advise
Usd stronger and trend will be uptrend after correction. Look at AO indicator against actual price there is different LL and High
Looking at SEIUSDT - for a bullish candle move off the support zone. Would like to see a move into the $0.30 - $0.50 cent range. And why not scoop some up at these lower levels.
Yesterday candle shows buyer is controlling the market. I'm expecting market will do a healthy pullback before it goes up again. where to buy? I'm waiting at H1 doji area. that is the sweetest spot to go for long. monitor the lower timeframe price action and wait for the reversal sign is the best IMO. Good Luck
Gold behaved as predicted yesterday. It dropped heavily from 3374-3385 and broke 3297 38.2% Fibo line. Currently it opened the day with price above this Fibo line. I will closely monitor the 3317-3332 resistance. If it holds, we could see the price drop again and likely touch 3235 50% Fibo line. However, if it closes above the resistance, it may resume bullish trend.
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