This 1-hour chart for Gold Spot (XAU/USD) shows a recent bearish trend after a strong bullish movement. The price moved within a rising channel until peaking around April 22, after which it entered a descending channel. The Supertrend indicator (10,3) has shifted to bearish (red), suggesting selling pressure dominates currently. However, a potential short-term bullish reversal is indicated by the black arrow, showing that the price may bounce after testing a support level around 3,338 USD. Key resistance levels are around 3,414 and 3,431 USD, as highlighted Explaination Trend: The chart shows two phases: an upward trend (highlighted blue channel) and a downward trend (highlighted red channel). Supertrend Indicator: Initially green (bullish) but now red (bearish), indicating sellers are stronger. Price Levels: Current Price: 3,338.065 USD Resistance: 3,414.218 USD and 3,431.213 USD Support: Close to 3,338 USD (being tested). Prediction: The black arrow suggests a possible small dip and then a bounce upward, indicating a corrective move or potential trend reversal. Market Sentiment: Bearish in the short term but watching for a reversal.
Observe a 5 wave count for bitcoin and I will label it as wave (1). We will be seeing a wave (2) correction, bringing it down to the region of 82 K, as depicted in the chart.
Chart Analysis Summary Pair: XAU/USD Timeframe: 2H (2-Hour) Trend: Recently broken bullish trendline (trendline break to the downside) --- Entry Point: Sell Entry: Around 3,336.235 --- Support & Resistance Levels: Resistance Levels: 1. 3,336.235 – Previous structure, acting as immediate resistance after the trendline break 2. 3,354.275 – Recent high before the drop Support Levels: 1. 3,280.059 – First major support zone (TP1) 2. 3,240.000 – Intermediate structure level 3. 3,201.285 – Final target (strong support zone) --- Take Profit Targets: TP1: 3,280.059 Final TP: 3,201.285 --- Trendline Break: The ascending trendline was broken strongly, signaling potential shift to bearish momentum. --- Trading Plan to Share: > Gold (XAU/USD) 2H Bearish Setup Sell Entry: 3,336.235 TP1: 3,280.059 Final Target (TP2): 3,201.285 Resistance: 3,336.235 / 3,354.275 Support: 3,280.059 / 3,240.000 / 3,201.285 Price broke below the ascending trendline indicating potential bearish continuation. I’m targeting support zones below for a short-term and mid-term drop
In the early Asian session on Wednesday, spot gold opened nearly $40 lower and hit $3,313.51 per ounce, down nearly $200 from the historical high of 3,500 hit on Tuesday. Because U.S. Treasury Secretary Benson hinted that international trade tensions would ease, which stimulated optimism in the stock market and boosted the dollar to a near one-week high; spot gold closed down 1.2% on Tuesday, closing at $3,380.95 per ounce. Bob Haberkorn, senior market strategist at RJO Futures, said: The latest remarks suggest that the trade war with the Asian giant may ease, but this is the time to start selling. After Benson said that the tariff deadlock was unsustainable, the U.S. stock market rose by more than 2%, suppressing the safe-haven buying demand for gold, and the rebound of the U.S. dollar also suppressed the price of gold. Quaid believes that its roller coaster trend is still continuing. I hope traders will pay attention to the speeches of several Fed officials later this week, hoping to find clues to future monetary policy at a time when people are worried about the independence of the Fed. And I will analyze it for you as soon as possible and give you reasonable suggestions. Current strategy: Relative to the market situation: as long as the price can continue to rise, it means that the current situation is just a volatile market, not a peak retracement, which is also a feature of the volatile trend; at the same time, the current market is not extremely strong after a sharp drop, and it is still in a volatile rise; therefore, do not go long, but go long after the retracement support.
Gap up opening expected in nifty. After opening if nifty sustain above 24250 level then upside rally upto 24500+ level expected in index. Upside 24500 level will act as a strong resistance for today's session. Any further strong rally only expected after breakout of this level. Any downside movement only expected if nifty starts trading below 24200 level.
?GEX Analysis (Options Sentiment) SPY is showing an impressive surge off the 508 HVL zone, with a clean stair-step climb supported by options flow. Gamma exposure is shifting favorably: * Strongest Call Wall sits at 528–530, where we see the highest positive NETGEX—aka the Gamma Wall. * Price is currently testing the 536 level, and the bulls are targeting 549 and potentially 561+ if momentum continues. * Options Oscillator shows notable GEX alignment (???) and IVR 48.8, suggesting room for more expansion. ➡️ Calls are in control (48.6%), and no major PUT pressure remains above 508. With IV contraction, theta decay is less brutal. This opens the door for short-dated call entries (0DTE to 3DTE) above 530.31 with stops below 526.61. https://www.tradingview.com/x/XK7YtF62/ Price Action & Trading Plan On the 1H chart, SPY has broken out from a CHoCH + BOS structure, and we’re currently in a bullish continuation move. * Trend Strength: Strong Bullish * Market Structure: In premium but bullish hold. * Candle Volume: Thin, but breakout is supported by prior strong demand. * Setup: Long is forming – waiting for follow-through. ? Key Levels: * Entry: Above 530.31 * Targets: 549 (RRR 1), 561.53 (RRR 2) * Invalidation: Below 526.61 ? My Thoughts SPY is building momentum and options are reinforcing the move. The breakout through the HVL zone, combined with SMC-confirmed structure and GEX tailwinds, tells me the path of least resistance is up. Volume isn’t overly strong yet, so we need to monitor follow-through and not get trapped if a reversal forms near 540–549. If bulls defend 530, this could turn into a "home run" leg into the week. ? Disclaimer This analysis is for educational purposes only. It does not constitute financial advice. Always do your own due diligence and manage your risk accordingly.
Today will be gap up opening expected in index near 55950 level. After opening expected banknifty will trade in between level of 55550 to 55950 zone in starting session. Strong upside rally expected if banknifty gives breakout of 56000 level and starts trading above 56050. This upside rally can goes upto 56450+ level in today's session. Any major downside only expected below 55450 level.
Right at the 50% fib retracement & the trendline. We are not out of the woods just yet. Careful tomorrow.
BINANCE DELISTING IS THERE STILL HOPE FOR THESE COINS? Binance has delisted the trading pairs for STMX, NULS, BAL, and FIRO. So, is there still a chance for these tokens? Currently, these pairs still have liquidity on a few other exchanges. Now, let’s dive back into the charts to see if there’s anything worth exploring. Overall, the Weekly (W) and Monthly (M) cycles are in a downtrend. The Weekly cycle is nearing the completion of its bottom and starting to rise. We will enter at the current price based on the D1 cycle. Once the D1 cycle forms a peak, we will exit our spot positions. The green line zone represents the expected profit area for this upward move. Stay disciplined and trade according to the D1 cycle, no longer. LOOK CHART: STMXUSD https://www.tradingview.com/x/zilrWtpF/ BALUSD https://www.tradingview.com/x/P3lJVmze/ NULSUSD https://www.tradingview.com/x/aUAJ120X/
Gamma Pressure + SMC Confirmation Align ? QQQ is showing strong signs of continuation as we head into the next session. Let's break it down using both Options GEX sentiment and Smart Money Concepts (SMC) structure. ? GEX Outlook (Options Sentiment) * Highest positive NETGEX sits at the 445–448 range, acting as a magnet. * We’ve already reclaimed the HVL support at 430, and the Options Oscillator is lighting up bullish. * Calls make up 26.9% of the flow and GEX flipped full green, meaning market makers are likely long gamma — pushing price toward resistance. * Resistance clusters: * 445–448: GEX9 and 2nd Call Wall. * 466.35 & 479.02: Target zones from price action. ? Options Trade Idea: 445C or 450C (0DTE–2DTE) — scalp toward the GEX magnet zone. 460C+ (Next Week) — swing if price holds above 447.8 and you want to play the extension to 466–479 range. ? Technical Analysis (SMC + Structure) https://www.tradingview.com/x/6K3GBDJ1/ * MTF trend bias: 30m & 1h bullish. * Strong bullish structure with ChoCH → BOS → rally confirmation. * Thin volume during this leg up is a cautionary flag — be selective with entries. * Price must hold above 447.8 to remain in bullish continuation. * If volume steps in, this could be a session high sweep with fuel left. * Setup: Bullish Hold * Entry: Await confirmation near 447.8 zone. * Target 1: 466.35 * Target 2: 479.02 * Stop: Below 441.01 ? My Thoughts: This looks like a textbook GEX compression + SMC breakout alignment. MM positioning is bullish and technicals are lining up with a classic continuation pattern. However, thin volume could mean a stall or trap — I’d stay nimble, scale in on dips, and tighten stops once we push into the 455–460 zone.