📉 Stocks Fall as Fed Rally Fades
📌 U.S. stocks declined on Thursday, reversing gains from the previous session after the Federal Reserve maintained its outlook for two rate cuts in 2025.
🔹 Market Movement:
✅ Tesla fell 1% premarket, extending its March losses to nearly 20%.
✅ Alphabet and other tech stocks saw losses of around 1%.
✅ Technology Select Sector SPDR Fund (XLK) also dipped by 1%.
📊 Gold Making Potential Bearish Head and Shoulders Pattern
📌 Gold (XAU/USD) peaked at $3,057 after breaking the psychological $3,000 level. However, momentum is fading, and a potential bearish Head and Shoulders pattern is forming.
🔎 Levels to Watch:
Neckline Support: $3,025 – A decisive break below this level could signal further declines.
Bearish Targets:
✅ $3,005
✅ $2,993
✅ $2,980
📈 Outlook:
A confirmed pattern breakdown could accelerate selling pressure.( $2960-$2940 Range)
Failure to break the neckline may see gold remain range-bound or attempt a rebound.($3060-$3080 Range )
💰 Traders should stay cautious and monitor technical signals for potential price shifts! 🚀📉
📌 U.S. stocks declined on Thursday, reversing gains from the previous session after the Federal Reserve maintained its outlook for two rate cuts in 2025.
🔹 Market Movement:
✅ Tesla fell 1% premarket, extending its March losses to nearly 20%.
✅ Alphabet and other tech stocks saw losses of around 1%.
✅ Technology Select Sector SPDR Fund (XLK) also dipped by 1%.
📊 Gold Making Potential Bearish Head and Shoulders Pattern
📌 Gold (XAU/USD) peaked at $3,057 after breaking the psychological $3,000 level. However, momentum is fading, and a potential bearish Head and Shoulders pattern is forming.
🔎 Levels to Watch:
Neckline Support: $3,025 – A decisive break below this level could signal further declines.
Bearish Targets:
✅ $3,005
✅ $2,993
✅ $2,980
📈 Outlook:
A confirmed pattern breakdown could accelerate selling pressure.( $2960-$2940 Range)
Failure to break the neckline may see gold remain range-bound or attempt a rebound.($3060-$3080 Range )
💰 Traders should stay cautious and monitor technical signals for potential price shifts! 🚀📉
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.