Gold fell back and continued to reboundFrom a technical perspective, gold fell slightly in the Asian session and stabilized at the 2880 mark, bottoming out and rebounding strongly. In the afternoon, the European session accelerated its upward breakthrough and stood above the 2900 mark, continuing its strong upward trend. In the evening, the U.S. session accelerated its upward breakthrough to pierce the 2927 line and fell under pressure and closed in a volatile market. The daily K-line closed strongly and rebounded for two consecutive days. The overall gold price returned to the bullish strong range after breaking through and standing above the 2900 mark. Gold rose in the past two days as a safe haven, but gold fell under pressure at the 2927 line. The hourly moving average of gold is now beginning to form a golden cross and diverge upward, but gold has begun to rise and fall. In addition, there are many data in the second half of this week, and the shape of the gold moving average is very easy to change. Gold rebounded near 2920 in the second half of the night and continued to fall under pressure. We have repeatedly reminded people not to chase highs, and there is a need for technical adjustments.
Judging from the current gold trend, today's lower support is focused on the second low point of yesterday's US market at 2897-2903, and the upper pressure is focused on around 2925-27. During the day, we will continue to rely on this range to maintain the main tone of high-altitude low-multiple cycles. In the middle position, we should watch more and do less, and be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold operation strategy: Buy at 2897-2903 when gold rebounds, and buy at 2888-90 when it falls back. Stop loss at 2883, target at 2920-25, and continue to hold if it breaks.
Chart Patterns
Gold (XAUUSD) Breakout Setup – Targeting $3,014Gold is showing strong bullish momentum on the 1H timeframe, forming a breakout structure with a well-defined resistance and support zone.
Key Levels:
📌 Resistance: Around $2,940 (previous rejection zone)
📌 Support: Around $2,900 (previous consolidation zone)
📌 Target: $3,014 (+3.16% move)
Technical Analysis:
🔹 Gold recently broke out of a bullish flag pattern after a strong uptrend.
🔹 Price successfully retested the support zone and is now pushing higher.
🔹 A breakout above $2,940 could trigger a sharp rally towards the $3,014 target.
🔹 Volume confirmation and strong momentum support further upside potential.
Trade Plan:
✅ Long above $2,940 with a target of $3,014
❌ Stop-loss below $2,900 to protect against fake breakouts
Gold remains bullish, and if the price holds above the breakout zone, we could see a strong move higher! 🚀
XAU / USD 4 Hour ChartHello traders. Happy mid week Wednesday. Watching the market over the last few days as gold carved out it's potential paths for this week. On the 4 hour chart I have marked my area of interest for scalp buys / sells. Not enough trading volume for me at this point so I will paper trade it. Let's see how the daily finishes. Lower time frame confirmations are a must, so don't force or rush a trade. Big G gets all my thanks. Be well and trade the trend.
US OILUS OIL is making a falling triangle pattern on the weekly timeframe. The new administration in US is skeptical on high prices of oil, it is assumed that the US will want lower prices of oil in order to boost up economic activity amidst cease fire in the middle east region. Having all this is consideration and reviewing the pattern on the chart we can expect the oil prices to fall drastically once it breaks down the triangle. As the analysis is on weekly timeframe, it might take a few months to achieve the levels of 45 to 50. On the other hand if there is such a development that can shoot up the oil prices than this analysis should be considered null and void. As you all may know oil prices is one of the few commodities that is driven by news and events rather than pure charts analysis.
Xauusd surely fly XAU/USD trades near a fresh weekly high of $2,929.65, with higher highs in sight. The bright metal benefited from the broad US Dollar’s (USD) weakness, the latter affected by tepid United States (US) data and President Donald Trump’s massive tariffs on trade partners.
President Trump addressed Congress late on Tuesday and played down the potential negative effects of his latest round of tariffs. “. There'll be a little disturbance, but we're okay with that. It won't be much,” Trump said, adding that reciprocal tariffs on trading partners will come into effect
Bitcoin Cash ($BCH) Surged 35% Today Gearing Up for 70% SpikeThe peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and larger block size Surged 35% Today amidst crypto market volatility potentially gearing up for a 70% spike to the $500 resistance.
Bitcoin cash ( SET:BCH ) was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC) in 2017. Bitcoin cash ( SET:BCH ) chart pattern exhibited series of consolidation pattern that connotes to an upcoming surge and the 35% surge is a prelude to what's coming.
With the Relative Strength Index (RSI) at 65, SET:BCH is more than ready to capitalize on the current bullish engulfing pattern exhibited on the chart.
As of the time of writing, SET:BCH is up 21.78% with data from DefiLlama showing about $7.28M locked in Bitcoin cash network With about $1.92 Billion in volume for the past 5 days.
Bitcoin Cash Price Live Data
The live Bitcoin Cash price today is $388.10 USD with a 24-hour trading volume of $1,009,964,576 USD. We update our BCH to USD price in real-time. Bitcoin Cash is up 25.15% in the last 24 hours. The current CoinMarketCap ranking is #20, with a live market cap of $7,699,166,324 USD. It has a circulating supply of 19,838,141 BCH coins and a max. supply of 21,000,000 BCH coins.
EUR_USD SHORT FROM RESISTANCE|
✅EUR_USD will be retesting a resistance level soon at 1.0824
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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Sula's hangover...over??There is some buying from this level....plenty of resistances it has to cross, there is the immediate upper resistance, it is in a downward channel....so those who want a short to medium term hold, can start accumulating and keep multiple sell orders till 444....my targets go on till 600....Use your own risk management....
BTC to fall soon...stay tunedDon't let the pro-crypto / economy narrative fool you, there are many people hurting and tons of people lost money on BTC. It is now touching the top of the bollinger bands and lower increases over the last few days, and noting that it fall through 80k price level. If it would be a pizza, I'd send it back.
Always do your own due diligence, best of luck!
BTCUSDT#BTC
📊 Bitcoin Weekly Outlook:
Buyers have stepped in on the weekly timeframe, neutralizing panic from recent declines 🏦.
🔹 A double V-shaped recovery is forming, indicating a possible trend reversal 🤔.
🔹 Key Level: Weekly close above $90,000 could confirm bullish sentiment and open opportunities for speculative entries 📈.
💡 Potential Targets:
✅ Short-term: $92,500 - $95,000
✅ Mid-term: $100,000+
Chainlink (LINK): Looking For Bullish Move of 35%Chainlink has a chance of pushing from here once we see a proper break from 200 EMA.
We see a bullish momentum is building up and our first target is going to be 200EMA (upon which we suggest tightening the stop loss a little bit more).
Once we break it, this would be our confirmation for a bullish move to the upper resistance zone near the unfilled CME gap.
From there we will be looking for a similar movement but to lower zones!
Swallow Team
$ROKU Bullish Reversal?I have taken a 1/2 size position here on $ROKU. It had a nice big earnings gap and has since pulled back. It looks to me that it is now ready to reverse higher. See notes on chart.
I have taken the fact that it broke (just barely) the Downtrend Line and put in what looks to be a reversal candle. My stop will be just below yesterday's low.
This is my idea. If you like it, please make sure it fits within your trading rules. While I consider this a low risk trade, you may not. Thanks for looking. Comments always welcome.
Oil Under Pressure Amid Tariff Tensions and OPEC+ UncertaintyMacro:
- Oil prices stabilised after hitting multi-month lows as the market weighed potential output increases in Apr and escalating tariff tensions among Canada, Mexico, China, and the EU.
- Meanwhile, the halted US military aid to the Eastern Europe conflict, and OPEC+ production decisions continue to pressure oil.
Technical:
- USOIL remains in a downtrend, consistently making lower lows while trading below both EMAs, signalling persistent bearish momentum. However, the price is nearing the oversold zone, supported by multiple key levels.
- If USOIL continues declining, it may retest 66.90 and 65.80, aligning with the 78.6% Fibonacci Extension.
- Conversely, holding above 66.90 could lead to a short-term sideways movement, with a potential retest at 70.20, confluence with EMA21, and the descending channel’s upper bound.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
AUD/JPY potential shortYesterday AUD/JPY was bullish after a couple weeks of bearish run. Long term price action is still bearish and it’s still respecting the curve. Before placing any position for shorts make sure to wait for price action to confirm with a rejection candle ( long wick, rejection, or engulfing candle or another lower low) before placing a bearish trade. Remember to never chase a trade
Make it or Break it Situation.
Currently at Rectangular Channel Bottom.
Few Green Candles at Current level may bounce
the price but 254 - 257 is a Resistance area that
needs to be Crossed & Sustain.
Next Important Resistance level is around 288 - 290.
However, if the Current Level is broken, we may
see further selling pressure & it may touch 240 & then
may be the range of 210 - 222 in worst case.