Palantir: Successful!PLTR effectively initiated a directional change within our now-gray Target Zone, and potential long trades opened within this range should already be significantly in the black. We locate the price in the corrective movement of the green wave , which should develop through the magenta waves (A) to (E) within a pink triangle formation. Ideally, the stock should remain above the low of wave (A), which has just been settled in our Target Zone. Only after the corrective movement has concluded do we expect the transition into the green wave , which should lead the stock to new highs. A premature breakout above the $125.40 mark is possible in our alternative scenario, but it is only rated with a 33% probability.
Chartanalysis
Perfect Bearish Setup Trendline Breakout Alert!Hello Trader! 👋
Scenario 1: 📉
Picture this: You're analyzing a solid bearish trend on the M3 or H1 chart, and you've just spotted a trendline break with serious potential for a sell opportunity. 🔥 The momentum is strong, and everything aligns perfectly. 🚀 The market is pushing lower, and it looks like it’s ready to move further down.
The entry signal is solid, confirming a valid opportunity to take a short position! 📉
Now, the exciting part—the target zone! 🎯 We’re eyeing a liquidity area around 3000, which is a key level where price could see some action. 🔄 But wait, there's more! Your secondary target level is around 2990, which could offer even more potential for profit as the market drives lower. 💰
Of course, always follow your risk management**—control your position size, set your stops wisely, and let the market do the work! 🛑⚖️ Trading is all about discipline , and with the right mindset, you'll maximize those winning moves. 🏆
Stay focused, keep an eye on the price action, and be ready to react! 💪 Let’s trade smart and make those profits! 😎💥
Silver Rises as Markets Eye Trump TariffsSilver rose above $33 on Tuesday, rebounding as trade and economic concerns supported safe-haven demand. Hopes that Trump may adopt a more targeted tariff plan ahead of the April 2 deadline offered some relief, though his new pledges to tax autos and pharmaceuticals added uncertainty. Expectations of further Fed rate cuts also supported silver. Markets now anticipate one cut in June, another in September, and growing chances of a third in December.
If silver breaks above $33.80, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
Safe-Haven Demand Keeps Gold ElevatedGold edged above $3,020 on Wednesday, near record highs, supported by safe-haven demand amid uncertainty over upcoming US reciprocal tariffs. Trump's April 2 tariff plan is expected to be more targeted than past proposals but still signals a major escalation in trade tensions.
Markets now await Fed officials’ speeches and Friday’s US PCE data for policy clues. Meanwhile, a U.S.-brokered pause in sea and energy attacks between Ukraine and Russia, along with possible sanctions relief for Moscow, slightly eased bullion's appeal.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
Pound Slips to $1.29 on Soft InflationThe British pound dipped to around $1.29 as traders reacted to softer inflation data and looked ahead to the Spring Statement. UK annual inflation eased to 2.8% in February, below the 2.9% forecast but in line with the BoE's outlook. Services inflation remained at 5%.
The BoE expects inflation to rise toward 4% later this year. Markets see a 92% chance of a 25bps rate cut in August and about a 60% chance of another by year-end. Chancellor Rachel Reeves is set to outline the economic outlook and announce major government spending cuts.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
Yields Weigh on EUR/USD: Euro at 1.0820EUR/USD is trading around 1.0820 on Monday, rebounding slightly from last week’s low of 1.0795. The euro has pulled back from its recent high of 1.0955 with uncertainty over Germany’s fiscal policy and rising global trade tensions.
Caution persists before the April 2 announcement of new U.S. tariffs, which could weigh on the eurozone. Despite the modest recovery, the euro remains under pressure from stronger U.S. Treasury yields and demand for the dollar.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0800, with further levels at 1.0730 and 1.0670.
Eurozone Growth Slows, ECB Leans DovishThe euro hovered near $1.08, its weakest since March 6, as investors digested PMI data and ECB comments. Eurozone private sector activity grew at its fastest pace since August but missed expectations, with manufacturing rebounding and services slowing.
ECB’s Cipollone and Stournaras signaled growing support for a rate cut, possibly in April, citing faster disinflation. Lagarde warned of weaker growth but downplayed inflation risks from EU-U.S. trade tensions, suggesting no rate hikes. De Galhau also noted room for further easing.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0730, with further levels at 1.0660 and 1.0600.
Yen Steady Near 150.7 as Dollar StrengthensThe Japanese yen hovered near 150.7 per dollar on Tuesday as the U.S. dollar strengthened. Concerns grew over Japan’s exports following Trump’s proposed tariffs on autos and pharmaceuticals. BOJ minutes showed officials remain open to future rate hikes, with one member suggesting a 1% rate by late FY2025. The central bank kept rates steady at 0.5% last week, citing global uncertainties.
Key resistance is at 151.70, with further levels at 152.70 and 154.00. Support stands at 147.00, followed by 145.80 and 143.00.
Tariff Fears Drive Silver to $33.10Silver rose above $33.10 per ounce on Tuesday, snapping a four-day losing streak. The market focused on U.S. diplomatic efforts in the Russia-Ukraine conflict and escalating violence in the Middle East after an Israeli airstrike on a Gaza hospital.
A weaker U.S. dollar also supported silver, with concerns growing that Trump’s proposed tariffs could slow economic growth, fueling speculation of further Fed rate cuts. Meanwhile, investors assessed China’s outlook after Premier Li Qiang urged global cooperation to stabilize economic conditions.
If silver breaks above $33.75, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
Gold Nears $3,010, PCE in FocusGold hovered around $3,010 per ounce after three straight losses as markets observed Trump’s mixed tariff signals. He suggested possible levies on cars and Venezuelan oil but hinted some countries may be exempt from next week’s reciprocal tariffs, creating uncertainty.
Gold remained supported, though pressure came from Fed official Raphael Bostic, who forecast slower inflation progress and just one 25bps rate cut this year. Friday’s PCE data is now awaited for more clues on the Fed’s next move.
GBP/USD Stable at $1.292: Budget AwaitedGBP/USD is trading steadily around $1.292 as markets await British finance minister Rachel Reeves’ spring budget update. Despite dollar strength from solid U.S. data and rising Treasury yields, the pound remains resilient, supported by cautious optimism over the UK’s fiscal outlook. Traders are watching the upcoming budget for clues on spending and economic forecasts, which could impact GBP/USD in the near term.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
US PMI Strength Drives Dollar HigherEUR/USD is trading at $1.08 as the U.S. dollar strengthens on solid U.S. services PMI data, which signaled economic resilience and pushed yields higher. Confidence in the dollar was further enabled by Trump’s remarks suggesting not all April 2 tariffs will be implemented, with possible exemptions for some countries. Meanwhile, the euro is under pressure as its recent rally fades and Eurozone economic signals weaken, keeping EUR/USD on a downward path driven by dollar strength.
Key resistance is at 1.0860, followed by 1.0950 and 1.1000. Support stands at 1.0730, with further levels at 1.0660 and 1.0600.
Japan's Tariff Worries and BOJ Rate Hike HintsThe Japanese yen remained weak around 150.7 per dollar on Tuesday, near a three-week low, as the U.S. dollar gained strength. Trump's plan to impose tariffs on autos, pharmaceuticals, and other sectors raised concerns for Japan’s export-driven economy.
BOJ minutes from January showed officials remain open to future rate hikes depending on wage and inflation trends, with one member suggesting a possible increase to 1% in late fiscal 2025. Still, the BOJ kept rates steady at 0.5% last week, maintaining a cautious stance with global tensions.
Key resistance is at 151.70, with further levels at 152.70 and 154.00. Support stands at 147.00, followed by 145.80 and 143.00.
Descending Channel in XAU/USD (Gold)Trade Setup for Descending Channel in XAU/USD (Gold)
**📉 Bearish Trade Setup (Sell Strategy)**
Since the price is trending within a descending channel, the best trade approach is to **sell at resistance** and **target support levels**.
**📌 Entry Points:**
🔹 **Sell Entry #1:** Near the upper boundary of the descending channel (~3,020 - 3,030).
🔹 **Sell Entry #2:** If price retests and fails to break above the 21 EMA (~3,015 - 3,018).
**🎯 Target Levels (Take Profit - TP):**
✅ **TP1:** 3,000 (Psychological level and lower channel support)
✅ **TP2:** 2,980 (Next major support zone)
✅ **TP3:** 2,960 (Extended target if the trend continues)
**🔒 Stop Loss (SL):**
🚨 **SL Above 3,035-3,040:** If price breaks out above the descending channel, it invalidates the setup.
**📊 Trade Confirmation:**
✅ **EMA Rejection:** Watch for price rejecting the **21 EMA (Blue Line)** as resistance.
✅ **Volume Analysis:** Look for increased selling volume when price approaches resistance.
✅ **Bearish Candlestick Patterns:** Such as **bearish engulfing, shooting star, or evening star** near resistance.
**📈 Alternative Bullish Setup (If Trend Breaks Upward)**
If price **breaks above 3,040 with strong volume**, it could signal a trend reversal. In this case:
🔹 **Buy Entry:** After a confirmed breakout & retest above 3,040.
🎯 **Targets:** 3,060 - 3,080.
🚨 **SL:** Below 3,030.
**Conclusion:**
🔻 **Primary Strategy: Sell on Rallies within the Channel.**
🔺 **Alternative Plan: Wait for a Bullish Breakout Before Buying.**
📉 **Stay disciplined with Stop Loss & Risk Management!*
GOLD 1H | Bearish POI Reaction Setup – Clean Flow by CelestiaPipPrice is reacting to a high-probability POI formed via supply + imbalance on GOLD 1H.
After the sweep and minor bullish correction, we’re now back into the rejection zone.
As long as price holds below 3030 , we could see continuation toward 2981 .
Key levels, invalidation zone, and structure mapped clearly.
Watch how price responds — setup in motion.
— CelestiaPips
Bullish Divergence on Weekly TF.Bullish Divergence on Weekly TF.
Seems like taking Support from a Very Important
fib. level around 10.30 - 11.40
Falling Wedge Pattern on Daily TF.
10.90 Should be Sustained on Monthly Basis, otherwise
we may witness further Selling pressure till 8.
Important Resistance is around 12.30 - 12.65 as of now.
Gold (XAU/USD) Head & Shoulder Chart Pattern H4Gold (XAU/USD) Head & Shoulder Chart Pattern
**Bearish Breakdown Confirmation (📉 Downtrend Risk)**
- **Head & Shoulders Breakdown:** The price formed a **head and shoulders pattern**, signaling a potential reversal.
- **Sell Zone:** Price is trading below the **21 EMA ($3,027)** and **7 EMA ($3,028)**, confirming bearish pressure.
- **Support Test:** Price is approaching the **50 EMA ($3,000)**, which is a key level. A break below this could accelerate selling.
- **Bearish Confirmation:** If gold fails to reclaim the **$3,028-$3,030 zone**, further downside toward **$2,980-$2,960** is likely.
- **Entry Points:** A rejection from **$3,025-$3,030** is ideal for sellers, while a breakdown below **$3,000** confirms further weakness.
📌 **Conclusion:**
- **Below $3,030 = Bearish outlook toward $3,000 & $2,980**
- **Break below $3,000 = Strong downside toward $2,960**
- **Above $3,030 = Bulls regain control**
Trading Plan:
🔴 Sell near resistance ($3,025-$3,030) with a stop above $3,035.
🟢 Take profit at $3,000, then $2,980 if breakdown occurs.
Break or Bounce? EUR/USD OpportunityHi Traders! The price is in a descending channel and is testing the lower boundary.
🔹 Scenarios:
Buy if it breaks above 1.0845, with a stop loss at 1.0790 and targets at 1.0870, 1.0900, and 1.0950.
Sell if it breaks below 1.0780, with a stop loss at 1.0830 and targets at 1.0750, 1.0720, and 1.0700.
📊 RSI is in the oversold zone—a potential bounce is possible! Watch the price action closely.
📢 Stay updated with live market movements!
🔥 Smash that like button and show some energy! Let’s trade like pros!
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade at your own risk.
Meta: Further DownwardWe locate the META in a broader wave IV correction, which should unfold in a three-part - - structure. The current wave should push the price below the key support at $547.57. Once that level is broken, we anticipate a corrective rebound during wave , which should temporarily lift the price back above $547.57. The wave top should be followed by wave , which is expected to complete the overall correction with a final low inside the beige Target Zone between $491.53 and $414.50. This bottom should mark the end of wave IV. However, if the stock instead breaks out to the upside and overcomes the resistance at $740.91, we will have to expect a new high in wave alt.III before wave IV resumes its downward course (30% probability).
Silver's Limited Rebound at $33.06Posting a modest rebound after last week’s dip, silver currently trades around $33.06 per ounce. The recovery is limited as easing geopolitical tensions compete with the pressure from a strong U.S. dollar. Demand stays strong due to tariff uncertainty and inflation risks, but weak industrial outlook, mainly from China, and hopes for a Russia-Ukraine ceasefire are limiting silver’s gains. Still, tightening supply and global economic concerns are helping keep silver near five-month highs.
If silver breaks above $33.75, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
Ukraine Talks and Gaza Tensions Influence XAUUSD Gold dipped to around $3,015 per ounce as hopes for a Russia-Ukraine peace deal grew after talks between Ukrainian and U.S. officials. Further negotiations with Russia are expected later today.
Despite the drop, gold remains supported by the tension over U.S. tariffs and Fed rate cut expectations. The Fed kept rates steady last week while signaling two potential cuts this year. Meanwhile, geopolitical pressures remain high as Israel resumed airstrikes on Hamas targets in Gaza.
Key resistance stands at $3082, with further levels at $3100 and $3,150. Support is at $3000, followed by $2,980 and $2,916.
Dollar Pressure Support GBP/USD at 1.2915GBP/USD is trading around 1.2915, supported by a weaker U.S. dollar and steady investor sentiment. The pound benefits from political stability and steady UK economic expectations with the focus on the upcoming April 2 U.S. tariff announcement. The pair is rebounding from recent lows but remains range-bound as traders await new drivers, especially from U.S. trade actions and global growth indicators.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.