Silver Remains Volatile Amid Trade War and Recession FearsSilver stayed above $30.50 per ounce on strong safe-haven demand amid U.S.-China trade tensions. Prices held a 3.5% gain after President Trump announced a 90-day tariff pause and a 10% rate for all but China, which now faces a 125% tariff. China raised tariffs on U.S. goods to 84%, and the EU approved duties on €21 billion of American exports. Fed minutes showed concerns about stagflation and the impact of Trump’s trade policies. Markets now await March U.S. inflation data on Thursday for clues on the Fed’s next move.
Technically, the first resistance level is located at 31.50. In case of its breach 32.15 and 33.30 could be monitored respectively. On the downside, the first support is at 30.20. 29.50 and 29.20 would become the next support levels if this level is passed.
Chartanalysis
Gold Jumps 3% on U.S.-China Tariff BattleGold jumped over 3% to above $3,095 per ounce on Wednesday as U.S.-China trade tensions escalated. President Trump announced a 90-day tariff pause and a reduced 10% rate for all but China, which now faces a 125% tariff. Treasury Secretary Bessent said the lower rate would apply during talks, excluding China and some sectors. In response, China raised tariffs on U.S. goods to 84%, and the EU approved levies on €21 billion worth of American exports. Fed minutes showed policymakers expect higher inflation from tariffs but remain uncertain about its scale and duration.
Supporting gold’s rally further, the World Gold Council reported that gold-backed ETFs attracted 226.5 metric tons in inflows during Q1, totaling $21.1 billion in value.
Key resistance is at $3,135, followed by $3,165 and $3,200. Support stands at $3030, then $3010 and $2956.
GBP/USD Awaits CPI After Tariff-Driven GainGBP/USD hovered near 1.2830 on Thursday morning, holding its upward momentum for a third straight session. The pair remained supported as market sentiment improved following Trump’s tariff pause. All eyes are now on today’s U.S. inflation data, which is expected to influence the next move.
If GBP/USD breaks above 1.2860, resistance levels are at 1.2900 and 1.2940. Support is at 1.2715, followed by 1.2650 and 1.2600.
SUPPORT AND RESISTANCE BREAKOUT ALERT!🚨 Attention Traders! 🚨
XAUUSD is on fire, breaking records with power! 🔥 Here's the latest:
Current Range: We're seeing a fierce battle between 3017 and 3043. Will we break out soon?
Bearish Scenario: Watch out for a possible dip below this range. If that happens, targets like 2988 and 2978 could be in play. ⚠️
Bullish Scenario: A breakout above 3043 opens up buying opportunities! Watch for movement above 3072, with targets at 3124 and 3150. 🚀
💬 Join the Discussion! What are your thoughts? Let’s ride this wave and make the most of the opportunities ahead! 💎
Euro Steady as EU Retaliates on TariffsThe euro hovered around 1.0980 on Thursday, supported by rising trade tensions and renewed political stability in the Eurozone. Sentiment favored the currency after China raised tariffs on all U.S. goods to 84% from 34%, retaliating against Washington’s hike to 104% on Chinese imports. The European Commission also approved retaliatory tariffs on €21 billion worth of U.S. goods, including soybeans, motorcycles, and orange juice. The escalation pushed investors away from typical safe havens like the dollar and Treasuries. Political stability in Germany further supported the euro, as the CDU/CSU and SPD finalized a coalition, clearing the way for Friedrich Merz to become Chancellor next month. The ECB is also expected to cut rates by 25 basis points later this month.
Key resistance is at 1.1020, followed by 1.1100 and 1.1150. Support lies at 1.0880, then 1.0810 and 1.0730.
EUR/CHF Bullish Reversal Setup – Support Zone Entry with 1:4 Ris1. Trend & EMAs:
The EMA 200 (blue) and EMA 30 (red) are displayed.
Price is below both EMAs, indicating a bearish trend overall.
However, there's a potential reversal or retracement trade being considered.
2. Trade Setup (Long Position):
Entry Point: 0.92750
Stop Loss: 0.92526 (about 22.4 pips below entry)
Target (Take Profit): 0.93643 (about 89.3 pips above entry)
Risk-Reward Ratio (RRR): Approx. 1:4, which is favorable
3. Support & Resistance:
The entry zone is based on a demand/support area where price previously bounced.
The target
SUI: Toward All-Time Low?SUI broke the support at $1.97 and tested it once again from below with yesterday's brief countermovement. It should now proceed downward so that the turquoise corrective wave 2 can be properly completed. Subsequently, the turquoise impulse wave 3 should provide new upward momentum, racing toward new all-time highs. The resistance at $5.36 should only be a milestone.
#NEIROETHUSDT maintains bearish momentum❗️Keep an eye on the BYBIT:NEIROETHUSDT.P — the structure suggests a possible local rebound or a breakout of the wedge to the upside. Opening a short here goes against the structure and lacks confirmation
📉 SHORT BYBIT:NEIROETHUSDT.P from $0.01612
🛡 Stop loss $0.01693
🕒 Timeframe: 1H
✅ Overview:
➡️ The chart shows BYBIT:NEIROETHUSDT.P forming a bearish continuation move after breaking out of a consolidation range.
➡️ Entry at $0.01612 corresponds to a retest of former support turned resistance.
➡️ Selling volume is increasing, supporting bearish pressure.
➡️ The POC level at $0.02084 remains far above the current price, highlighting downward imbalance.
🎯 TP Targets:
💎 TP 1: $0.01586
💎 TP 2: $0.01535
💎 TP 3: $0.01500
📢 Additional scenario notes:
📢 A false breakout above the entry zone is possible — wait for confirmation of the $0.01620 break.
📢 Watch for volume spikes near TP1 and TP2 — could signal partial take profits.
📢 If price reclaims $0.01693, the setup becomes invalid.
🚀 BYBIT:NEIROETHUSDT.P maintains bearish momentum — downside move expected!
WILL GOLD PUMP AGAIN IN FOMC NEWS ALERT🚨 XAUUSD Market Update! 🚨
Gold is on the move, battling key levels between 3040! Will we see a breakout soon? 🔥
Bearish Watch: If the price drops below this range, we could target 3015 and 3020. ⚠️
Bullish Opportunity: A break above 3042 could signal a buying surge, with targets set at and 3100. 🚀
💬 What’s Your Move? Join the conversation and share your thoughts! Let’s navigate this golden opportunity together and aim for new highs! 💰
Yields and Trade Wars Induce Silver InstabilitySilver dropped below $30 per ounce, hitting $29.57 on April 4, its lowest since mid-January, as rising U.S. Treasury yields made non-yielding assets less attractive. The U.S. announced a 104% tariff on Chinese imports starting at midnight, intensifying trade war concerns. Although over 70 countries have reportedly requested tariff relief, market sentiment remains cautious. The EU’s retaliatory tariff plans further fueled risk aversion, pressuring industrial metals. Still, expectations of Fed rate cuts and safe-haven demand offer some support.
Technically, the first resistance level is located at 30.90. In case of its breach, 31.40 and 32.50 could be monitored respectively. On the downside, first support is at 29.00. 28.40 and 27.50 would become the next support levels if this level is passed.
Gold Experiences Surge with Economic FearsGold soared to around $3,000 per ounce as investors sought refuge from intensifying trade war concerns and recession risks. The U.S. confirmed a new round of tariffs with no exemptions, China faces a record 104% hike. Trump also warned of a forthcoming pharmaceutical import tariff. The market is now focused on the Fed's March meeting minutes, set for release later today, for potential rate cut clues. Ongoing central bank purchases and strong ETF demand, China’s ETF added 233,000 ounces, also supported the rally.
Key resistance is at $3,035, followed by $3,085 and $3,105. Support stands at $2,956, then $2,930 and $2830.
Sterling Remains Firm Despite Inflationary PressuresGBP/USD traded around 1.2830 on Wednesday, holding gains from the previous session. However, ongoing global trade tensions and fears of goods dumping from China and Europe weighed on sentiment. Though U.S. tariffs are relatively lower on the UK, broader economic concerns persist. At the same time, rising inflation risks may lower expectations for rate cuts, providing some support to the pound.
If GBP/USD breaks above 1.2850, resistance levels are at 1.2900 and 1.2940. Support is at 1.2715, followed by 1.2650 and 1.2600.
Dollar Under Pressure from Recessionary SignalsEUR/USD climbed about 80 pips to 1.1040 on Wednesday as the dollar index slipped below 105.5, marking a second day of losses. The U.S. dollar weakened amid growing fears of recession, triggered by President Trump's sweeping tariffs. China now faces a 104% levy, with Beijing vowing to "fight to the end." Market sentiment remained cautious as trade negotiations stalled, despite Trump’s outreach to major partners. Concerns that the escalating trade war may tip the U.S. into recession have increased expectations of further Fed rate cuts, weighing on the dollar.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.0900, then 1.0850 and 1.0730.
Yen Appreciates with Trade TurmoilThe Japanese yen rose above 146 per dollar on Wednesday, extending gains as Trump's looming tariffs drove safe-haven flows. The dollar weakened on recession fears tied to escalating trade tensions and potential Fed rate cuts. New U.S. tariffs include a 24% duty on Japanese goods and a 25% car import levy. Trump confirmed that Japan will send a delegation to renegotiate terms, while PM Ishiba urged a policy rethink. Domestically, Japan's current account surplus hit a record in February, supported by strong exports and reduced imports, boosting the yen further.
Key resistance is at 148.70, with further levels at 152.70 and 157.70. Support stands at 145.60, followed by 143.00 and 141.80.
Innovative Industrial Properties: Low AheadThe stock of Innovative Industrial Properties managed to stabilize somewhat at the upper edge of our green Target Zone (coordinates: $53.48 – $16.80) but should soon initiate the next downward impulse. In the short term, we expect a final corrective movement deeper into our green Target Zone to establish the low of the overarching wave in green. Once the wave low is settled, the impulsive wave in green should take over and carry the stock beyond the resistance at $137.90.
$AMD $75 support targetHi, NASDAQ:AMD short may be activated here looking at the daily and weekly. I personally think we are in a bearish trend market wide with the uncertainty and unknowing's of global economics and policies. I believe NASDAQ:AMD will tap into my support zone, in my opinion we have a local resistance of $88-$90.
WSL.
Silver Holds Ground as Markets Eye Fed CutsSilver hovered around $30 per ounce on Monday, staying volatile as markets reacted to Trump’s escalating trade war. The metal dropped 16% over three sessions as recession fears sparked a broad selloff, with traders liquidating metals to cover losses. China retaliated with tariffs after the US imposed levies on all countries, with others expected to follow. Trump’s tariffs excluded copper, gold, energy, and certain minerals. Despite the slump, silver may regain support as markets bet on more Fed rate cuts this year.
Technically first resistance level is located at 30.90. In case of its breach 31.40 and 32.50 could be monitored respectively. On the downside, the first support is at 29.00. 28.40 and 27.50 would become the next support levels if this level is passed.
Gold Jumps on Fresh Trade War WorriesGold rose above $2,995/oz on Tuesday, rebounding from a 4-week low as trade war fears fueled haven demand. Trump threatened a 50% duty on China starting Wednesday unless it drops its 34% tariffs, while the EU proposed 25% counter-tariffs on U.S. goods. Markets await Fed minutes (Wed), CPI (Thu), and PPI (Fri) for policy clues. Despite recent losses, gold is still up over 14% YTD.
Key resistance is at $3,050, followed by $3,085 and $3,105. Support stands at $2,956, then $2,930 and $2830.
Euro Firms as U.S.-China-EU Trade Rift WidensThe euro hovered near $1.10, its highest since October 2024, as the dollar weakened and trade tensions escalated. China plans to impose 34% tariffs on all U.S. goods from April 10, following Trump’s 10% tariff on all imports, including 20% on EU and 34% on Chinese goods. France urged firms to halt U.S. investments, and the EU is preparing countermeasures. Markets now price in a 90% chance of an ECB rate cut in April, with the deposit rate seen falling to 1.65% by December from 2.5%.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.0900, then 1.0850 and 1.0730.
XAUUSD (Gold) Technical Chart Analysis XAUUSD (Gold) Daily Chart Analysis
Current Price:
$3,011.89, up +0.96% today
High: $3,014.23 | Low: $2,978.59
*Technical Overview:
🔹 Trend:
Gold remains in a strong uptrend, forming consistent higher highs and higher lows since late 2023.
However, the recent price action shows a pullback after reaching new highs.
🔹 Stochastic RSI:
%K = 4.55, %D = 23.48 → Oversold zone
Indicates potential for a short-term bounce if momentum picks up.
🔹 MACD:
Bearish crossover in progress, histogram turning red.
Suggests short-term bearish pressure, though it's likely a healthy correction within a larger bullish trend.
🎯 Strategy Outlook:
🔸 Short-Term Strategy:
Wait for a bullish confirmation near the $2,975 support zone.
Watch for reversal signals from oversold Stoch RSI.
Consider short-term buys if price stabilizes above $2,980–$3,000.
🔸 Long-Term Strategy:
As long as the price holds above $2,900–$2,950, the overall uptrend remains intact.
Dips could be seen as buying opportunities in the long run.
Use pullbacks to scale in gradually with proper risk management.
*Thoughts :
Gold is currently in a technical pullback but still bullish in the bigger picture. Short-term traders should stay cautious, while long-term bulls can look for dips to buy.
Tencent: Significant Decline!Tencent's stock took a significant hit, creating a noticeable gap in the chart. Nevertheless, for now, our primary assumption remains that the price is currently working on the turquoise wave 3 and will soon move toward the resistance at HK$715. Afterward, a corrective movement should follow during wave 4. However, if the stock falls below the support at HK$364.80, downward pressure will mount significantly and make it increasingly likely that the price will drop to new lows below the nearest marks at HK$261 and HK$188.60 to develop a new low of the large wave alt. in green (probability: 36%).