The Dollar Index (DXY) has experienced a significant decline since President Trump’s tariff war intensified global trade tensions. From its peak on September 26, 2022, the Index has exhibited a clear bearish sequence. This decline aligns with an Elliott Wave structure, offering insights into potential future price action. The current bearish sequence is unfolding as a corrective zigzag pattern, labeled ((A))-((B))-((C)). Waves ((A)) and ((B)) have completed, and the Index is now in the ((C)) leg. Wave ((C)) leg subdivides into a strong five-wave impulse to the downside. Based on Fibonacci extensions, the projected target for this decline lies between 85.5 and 94.9. This corresponds to the 100% – 161.8% Fibonacci extension levels from the prior structure. This zone represents a critical support area where buyers may attempt to step in. In the shorter cycle, the DXY is expected to face resistance in a 3, 7, or 11-swing corrective rally. As long as the pivot at 103.5 holds, the bearish momentum should persist, driving the index toward the Fibonacci target zone. Traders should monitor these levels closely, as a break above 103.5 could invalidate the immediate bearish setup, while continued failures at resistance reinforce the downside bias. This Elliott Wave outlook suggests the DXY remains vulnerable, with the tariff war’s ripple effects continuing to pressure the dollar. Stay vigilant for price action near the 85.5 – 94.9 range for potential reversal signals.
CONCLUSION Will gold reach $3460? It’s possible. A 14% surge from here would do it. What happens afterwards is open to speculation. In the past, the gold price has declined significantly for long periods of time after approaching its previous inflation-adjusted peaks. This happened in 1980, 2011, and again in 2020. Let’s see what happens this time. https://www.kelseywilliamsgold.com/price-vs-value-will-gold-hit-3460/#more-10431
Gold has broken out of a well-formed Bullish Pennant on the 2-hour chart, supported by strong momentum and a bullish Ichimoku cloud structure. The continuation pattern confirmed the trend following a steep bullish move, and price has now reached the projected target around $3,480. Fundamentally, gold remains supported by safe-haven demand amid geopolitical tensions and persistent inflation concerns. As long as price stays above $3,400, the bullish outlook remains intact. Bias: Bullish Pattern: Bullish Pennant Target: $3,480 Support: $3,400 / $3,300 Disclaimer: This is not financial advice. Trade at your own risk. Always do your own research. If you found this analysis helpful, please support with a like and follow for more trading ideas and updates. Your support is greatly appreciated!
Bharat Forge Ltd view for Intraday 22nd April #BHARATFORG Resistance 1100 Watching above 1103 for upside movement... Support area 1085 Below 1085 ignoring upside momentum for intraday Watching below 1080 for downside movement... Above 1100 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
BNF 55304 Has breakout from round top pattern and is moving to its technical target of 56239. As FII's have started winding up contracts and profit booking we expect BNF will be moved to its technical target before reversing
Gold's 1-hour moving average continues to cross upward bullish divergence, and the gold bullish volume is still there. After breaking through 3400, gold has basically stabilized at 3400. Gold has also tested the support near 3405 several times in the US market. Gold continues to stabilize and rise. However, gold is now far away from the moving average, and we must always pay attention to the adjustment of the high position. Gold is watching the pressure around 3461
NASDAQ:QQQ +1 $508 call -1 $505 call --- -1 $405 put +1 $402 put 4/30 Expiration (WED) $50 credit, $250 max loss 5:1 risk:reward
? ? Market-Moving News ?: ? Tesla's Q1 Earnings on Watch: Tesla is set to report Q1 earnings after market close. Analysts expect EPS of $0.58 on $23.4B revenue. Investors are focused on delivery guidance, cost-cutting measures, and updates on the robotaxi program and Optimus robot. CEO Elon Musk faces pressure to refocus on Tesla amid concerns over his political engagements. ? Market Volatility Amid Tariff Concerns: U.S. markets remain volatile due to ongoing trade tensions. The S&P 500 has declined 14% from its February high, with investors closely monitoring corporate earnings for insights into the economic impact of recent tariffs. ? Key Data Releases ? ? Tuesday, April 22: ? Existing Home Sales (10:00 AM ET): Forecast: 4.20 million Previous: 4.38 million Provides insight into the housing market's health and consumer demand. ? IMF Global Financial Stability Report (10:15 AM ET): The IMF will release its latest assessment of global financial markets, focusing on systemic risks and financial stability. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
We keep this analysis simple by looking at the higher time frame and identifying our resistance as around 1.42, while our support is 1.21. Price has been ranging between these two price levels. We see that there is a supply level at 1.34, and we have to wait to see if the price will break above 1.345 either on Wednesday or after NFP next month. Entry price with pending orders Buy stop 1.34500 Take profit 1.40 Disclaimer: Not a trading advice, for educational use only. Trade it on demo If you like my analysis, please give it a boost or let me know how you want to trade it in the comment section.
XAUUSD is moving in the major direction of the rend with series of higher high and higher low with multiple liquidity grab. Currently upon daily close, there has been a break of structure with strong liquidity grab giving this instrument a strong probability to move back to the upside with new moment. Upon pullback to the trend line is an area looking to buy upon price action confirmation.