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GOLD Reversal or Continuation? Key Levels & Fibonacci! GOLD Reversal or Continuation? Key Levels & Fibonacci! | TradeWithMky Miracle Description: Gold (XAU/USD) is at a critical level! 📊 The price is testing the 61.8% Fibonacci retracement, and a potential reversal is forming. If the price confirms a strong bearish rejection, we could see a move down to the 3,074.612 target. 🔻 However, a breakout above 3,149.644 with strong confirmation could continue the bullish momentum. 🚀 🔹 Key Analysis: ✅ 61.8% Fibonacci rejection area ✅ Potential bearish structure formation ✅ Strong resistance at 3,149.644 ✅ Target at 3,074.612 (TP1) 💡 What do you think? Will gold continue its bullish trend or start a bearish correction? Let’s discuss in the comments! 👇🔥 #Gold #XAUUSD #Trading #Forex #Crypto #PriceAction #Fibonacci #TechnicalAnalysis #TradeWithMky #MiracleStrategy
OANDA:XAUUSDShort
by TradeWithMky
Continue to short gold after the rebound!Although gold did not fall due to the negative impact of ADP data, this does not mean that the risk of gold falling has been eliminated. As long as gold does not break through the recent highs, and in the fluctuations in recent days, the resistance strength of the 3135-3145 zone has been strengthened, gold still has a considerable risk of falling before breaking through the resistance area, and once gold falls below the 3110-3100 zone, it is bound to retreat to the 3095-3085 zone! The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
FOREXCOM:XAUUSDShort
by Trader_Marvin
AUDCHF Wave Analysis – 2 April 2025 - AUDCHF reversed from the support area - Likely to rise to resistance level 0.5600 AUDCHF currency pair recently reversed up from the support area between the pivotal support level 0.5485 (which stopped the earlier impulse wave i at the start of March) and the lower daily Bollinger Band. The upward reversal from this support area formed the daily Japanese candlesticks reversal pattern Hammer Doji. Given the bullish divergence on the daily Stochastic indicator, AUDCHF currency pair can be expected to rise to the next resistance level 0.5600 (top of the previous correction ii).
Long
by FxProGlobal
A rebound is a good opportunity to short goldGold rebounds from 3100, but is the bullish momentum truly revived? I don’t see it that way. Yesterday’s retracement to 3100 has already weakened the strong bullish structure to some extent, with 3150 likely acting as a key resistance level. I believe the current rebound is merely a technical retest of the 3150 zone, reinforcing it as a potential cycle high and paving the way for a double-top formation, which could provide a bearish technical setup for further downside. Following the initial 3100 test, a second retest of this support level is likely. If gold fails to hold 3100 on the second attempt, a break lower towards 3095-3085 would become increasingly probable. I will continue to scale into short positions within the 3132-3142 zone, with an initial target of 3120-3110. If gold approaches 3100, I will closely monitor the price action to assess the likelihood of a further breakdown. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
FOREXCOM:XAUUSDShort
by Trader_Marvin
4
LTR longs potential-IS price retesting demand zone in the future? price allowing good r/r ratio LTF analysis could be seen as exhausted sellers. -remember its only revisiting zone ATM -confirmed buyers will show bullish PA if its ready or NOT we still need multiple things down here to confluence before entering in .. -zones are only zones when there's reactions - price structure has to play out firstly -stay unbias with no emotions. My NEUTRAL status until PA presents THEN TURNING shlong.
ASX:LTRLong
by Permaculture
1
Russell 2000: Squeeze Potential BuildsWith uncertainty surrounding U.S. trade policy about to be resolved and price signals turning bullish, the ingredients for a squeeze in Russell 2000 futures are now in place. Unlike other stock indices with far larger constituents, U.S. small caps have lagged this week’s rebound—potentially due to recession concerns, which wouldn’t help unprofitable cyclical firms tied to the broader economy. However, while fundamentals point to downside risks, recent price signals have been more constructive. Monday’s hammer candle formed after a reversal from known support. While Tuesday’s doji signaled indecision, it still closed slightly higher, with strong volumes going through. While signals like RSI (14) and MACD remain in negative territory, bearish momentum is starting to ebb, suggesting we may be in the early stages of a turn. Those considering bullish positions could look to establish entries above 1994.8 with a stop beneath for protection. Rallies over the past two sessions have fizzled around 2040, making that an initial focal point. If sellers there are overrun, it could encourage others to join the move, looking for a retest of horizontal resistance at 2132.5. Good luck! DS
CME_MINI:RTY1!Long
by FOREXcom