4.7 Gold short-term operation technical strategyLast week, gold and Dow Jones started to plummet across the board, and the short-selling of the band was a carnival. First of all, our initial short-selling target of 38,500 under the Dow Jones 45,000 has been completed. The only key support is the 36,300 line, and gold has also fallen to the 2970 line. There is no bottom at present, but there is a rebound in the key support level, so don't chase the low in the morning! From the closing point of view, the weekly line finally closed with a long upper shadow line and a quasi-inverted hammer pattern. After the end of this pattern, the market has been in the short stage this week. The intraday rebound is still mainly high-altitude. The market has a large amplitude, and the small stop loss has lost its meaning. At this time, the entry position is very important. In terms of points, the intraday rebound 3045-55 area continues to be high-altitude.
Short-term support: 3038, 3018, 2980, 2960
Do a good job of pushing the position protection! ! !
Chart Patterns
TOTAL Bearish PennantThe Parameter known as TOTAL has a currently working bearish pennant formation.
Market is bearish and every green candle on Total means another Short opportuinty.
If Total breaks 2.58T (which is a montly pivot value), we can expect more dumps. 2.36 would be the main target.
When Total reachs 2.36, look for a long wick. If the daily candle close isn't happening, it's a Long opportuinty.
Heading into pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 61.8% Fibonacci retracement.
Pivot: 1.4389
1st Support: 1.3951
1st Resistance: 1.4505
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CAD/JPY breakDown trend line 1h analysis chartBased on your CAD/JPY chart analysis, here are key levels I can identify:
Entry Point:
A sell entry seems valid after a break below 104.656, confirming bearish momentum.
Stop Loss (SL105.900):
Place SL above the recent highs, likely around 105.900 , depending on your risk tolerance.
Take Profit (TP) / Target Zones:
First Support Zone: 103.500
Second Support Zone: 102.800
Final Target: 102.000 (as indicated by the large red arrow)
Support & Resistance Zones:
Major Resistance: 104.800 - 105.000
First Support: 103.500
Second Support: 102.800
Key Demand Zone: 102.000
This setup follows a breakout-retest strategy before continuation to the downside. Let me know if you need refinements!
USD/JPY 4H AnalysisUSDJPY Trade Idea: Bearish Flag Breakdown and Key Technical Levels
Trade Setup Overview
Pattern Identified: Bearish Flag breakdown (continuation pattern) after a prior downtrend.
Key Resistance: 100-period Moving Average (MA) acting as dynamic resistance.
Entry Trigger: Retest of the broken flag's lower boundary near 149.300.
Targets:
TP1: 148.30 (100 pips, aligns with the flag's measured move).
TP2: 146.60 (270 pips, targets a major swing low and psychological level).
Stop Loss: 150.00 (70 pips risk, above the flag's upper boundary and recent swing high).
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Critical Technical Factors
1. Bearish Flag Dynamics:
The flag's "pole" (prior decline) suggests a measured move target of ~148.30 (TP1).
A close below the flag confirms momentum; watch for follow-through selling.
2. Confluence with Moving Averages:
The 100-MA resistance reinforces bearish pressure. A rejection here adds confidence to the downtrend.
A break below the 200-MA (if applicable) would signal a deeper bearish shift.
3. Key Support Levels:
148.30: Near-term target (previous swing low).
146.60: Long-term support (2023 lows, 61.8% Fibonacci retracement of 2021-2023 rally).
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Risk Management
Risk-Reward Ratio:
TP1: 1:1.4 (70 pips risk vs. 100 pips reward).
TP2: 1:3.8 (70 pips risk vs. 270 pips reward).
Adjust Stops: Trail stops to breakeven if TP1 is hit to lock in gains.
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Fundamental Catalysts to Monitor
1. Fed Policy: Dovish signals (rate cuts) could accelerate USD weakness.
2. BOJ Intervention: Watch for verbal or direct action to defend JPY above 150.00.
3. Risk Sentiment: JPY strength may surge if equity markets sell off (safe-haven flows).
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Execution Plan
Sell Entry: 149.300 (wait for price to retest the broken flag boundary).
TP1: 148.30 (partial profit-taking).
TP2: 146.60 (requires sustained bearish momentum).
Stop Loss: 150.00 (avoids false breakdowns).
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Your trade plan is now structured and polished for sharing. Let me know if you need any tweaks!
Bull TIMEThe image is a Bitcoin (BTC/USD) price chart from TradingView, dated April 7, 2025. It shows the price movement of Bitcoin over several months, with key levels and potential trends indicated. Here's a breakdown:
Current Price: $77,837
Timeframe: November 2024 to May 2025
Key Levels:
Resistance around $109,356
Support around $77,385
XAUUSD Today's strategyCurrently, the gold market is witnessing continuous and precipitous drops, with the crucial threshold of 3,000 US dollars having already been breached. As the reciprocal tariffs have officially come into effect, panic sentiment in the market has erupted in full force, and a succession of stampede-like sell-offs have occurred. The bullish camp has been engulfed in panic selling, and the selling pressure has spread rapidly like wildfire. In such a market environment, if one remains stubbornly fixated on a bullish stance, it is tantamount to exposing oneself to significant risks.
Although in the long run, gold may regain its upward momentum in the future, investors need to focus on the present and clearly recognize the current situation. Last week, the trend of gold had already deviated significantly from its normal trajectory. Now that the 3,000 US dollar mark has been broken, a new wave of selling is poised to be unleashed at any moment, like an arrow on the bowstring.
Looking back at 2011, after the gold price reached a record high of 1,921 US dollars, the market was caught up in a bullish frenzy, and investors rushed to buy gold. However, in the following three years, the gold price plunged sharply and once fell below 1,200 US dollars. This historical episode serves as a reminder that the market is highly unpredictable, and one should not be overly optimistic blindly.
In conclusion, in the short term, the downward trend in the gold market is evident. Trying to bottom-fish at this time is like reaching for chestnuts in the fire. Since the market has not yet reached its bottom and there is still room for further decline, investors should exercise caution and patiently wait for a more opportune time to enter the market.
XAU/USD
sell@3050-3040
tp:3000-2980-2960
sl:3060
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BTC/USDT 4H Chart Update. Current Price: ~$78,336
BTC has broken below the symmetrical triangle and is testing the key horizontal support between $78,424 and $79,183.
A wick is visible below the support, but the candle closed within the area, indicating a potential fakeout or demand absorption.
Resistance (downtrend line): ~$85,500
Support Zones:
Primary: $78,424
Secondary: $79,183
Immediate Resistance: $82,000 – $83,000 (recent breakdown zone)
Outlook & Scenarios:
Bullish Reversal Scenario (Green Arrow):
The green arrow projection suggests a potential bounce from this demand zone.
If BTC reclaims $80K+ with strong momentum, it could aim for the descending trendline near $85K.
A bullish confirmation would be a 4H candle close above $80.5K–$81K.
Bearish continuation (if support fails):
If the price fails to hold this support zone, the next downside targets could be:
$76,000
$73,500
Sentiment factor:
The previous sentiment (Fear & Greed Index: 28 – Fear) reflects ongoing market caution.
Price action near key support in the fear zone could trigger a short squeeze or panic sell-off, depending on volume and reaction.
Summary:
BTC is at crucial support, and unless volume confirms a deeper breakdown, the bounce is likely to be short-lived.
Moving back above $80K would signal that bulls are regaining control.
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DYOR. NFA
Is it time to short Tesla? If so TSLQ might be of interest.Tesla's ongoing turbulence is getting harder and harder to ignore even amongst some of the permabulls. Notably, Wedbush Securities' Dan Ives, a long-time Tesla bull, recently slashed his 12-month price target by a whopping 43% reduction noting concerns over CEO Elon Musk's political entanglements and the impact of new tariffs under President Trump's administration.
If you think TESLA is likely to keep going down, you might want to consider NASDAQ:TSLQ a leveraged short position. TSLQ aims to deliver twice the inverse (-200%) of Tesla's daily performance.
Its important though to understand that these types of leveraged trades are really only meant to be shorter term and if the stock starts to go up, then you will be losing at 2x the rate as well. Overtime, any wiggle up and down tends to work against you - even if the stock continues to go down.
Definitely not trading advice, but something I was asked about today, and the current climate doesn't look overly positive for Tesla or Elon.
TSLA article: finance.yahoo.com
TSLQ info: www.tradretfs.com
ES1! Open Gap AlertAll futures gaps will fill... but who knows when? We already had an open gap above.
This time around, virtually everything has an open gap. Gold futures have a small open gap, BTC futures have a big ass one, Nikkei, FDAX, the rest of Europe and Asia, oil, silver, and other commodities as well.
XLF will complete the H&S pattern tomorrow, so maybe we get a bounce Tuesday, who knows? Everything's oversold with open gaps, but there's farther to drop if the tariffs aren't reversed somehow. The GOPs in the House aren't ready to cross Trump, so it's up to negotiations or the court system. That's gonna take weeks or months.
Pay attention to the news. Unfortunately, I can't update during the day, and barely have time to read the news myself anyways. Good luck, sorry that I'm not more help.
I'm selling USDCADThe market is absolutely volatile and this is when you make the quickest gain or loose fast too.
I think UCAD will continue its downtrend . The purple lines will guide you in taking profits.
A more conservative approach will be to wait for break and retest of that hourly counter-trendline.
Either way, the trend is down