Surge Energy (SGY) Elliott Wave Outlook26/04/25 SGY Update
I’ve been long Surge Energy since Jan 24. Price did move higher initially following my entry but has since ground lower in what looks like an ending diagonal pattern in red C of a larger ABC zig zag correction. There is RSI divergence on the weekly time frame which helps the case that SGY could be bottoming, but that will of course be effected by what the price of oil does.
Any further downside on SGY I will be looking at the yellow zone which contains the 786 retracement at $3.9, measured move target of the red A wave at $3.28 & 886 retracement at $2.64. There is an ending diagonal invalidation level at $3.2, if this is tagged, I will need to adjust the current count.
The completion of Red C will complete the (X) wave of the higher degree (W)(X)(Y) in yellow, from these levels the (Y) wave target will be $16-$17.
Commodities
USOIL: Bears Are Winning! Short!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 63.133 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 62.366..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
SILVER My Opinion! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 33.100
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 33.330
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GOLD - Price can continue to move up inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Long time price rising near the support line, but later it made a correction movement, breaking this line.
Then price had a sharp impulse that confirmed bullish structure and started to grow inside a rising channel.
After reaching the top boundary, the price reversed and started a pullback to the support area near $3265.
This zone also aligns with the channel base and acted as a bounce point before, making it a strong technical level.
Now the price is consolidating above this support, forming a higher low, which may confirm continuation.
As long as price holds, and I expect it to bounce from support line and push toward $3480 channel resistance.
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SILVER Will Go Up! Long!
Here is our detailed technical review for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,308.7.
The above observations make me that the market will inevitably achieve 3,462.2 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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ENIC, 1W Trend Reversal Setup and Breakout AnticipationOn the weekly chart of ENIC, a broad expanding triangle formation transitioning into a base accumulation structure is visible. The price is now approaching a critical resistance zone around $3.90–$4.00, an area that previously triggered major reversals. Currently, the market is consolidating just below this resistance, forming a platform for a potential breakout and retest.
Technical structure:
- EMA 50, EMA 100, and EMA 200 are starting to converge, signaling the potential for a bullish crossover — a key indicator of mid-term trend reversal.
- The 0.618 Fibonacci retracement at $3.25 has been broken and price is stabilizing above it, reinforcing the bullish setup.
- Higher lows and higher highs have been established — a clear early sign of a new upward trend.
- Volume during the consolidation phase remains stable without signs of heavy distribution or capitulation.
Fundamental analysis of Enel Chile:
- Sector: Energy, Renewable Energy Transition
- Enel Chile is aggressively expanding into green energy, reducing its coal generation portfolio and investing heavily in solar and wind projects.
- Financials: The company maintains stable dividend payouts and holds a manageable debt-to-cash-flow ratio.
- Chile’s national energy policy shift towards renewable energy and international demand for clean energy solutions provide strong long-term tailwinds.
- Global trends favor companies with sustainable energy models, positioning Enel Chile strategically for growth.
Structural targets:
After a successful breakout above $3.90 and a retest confirmation, the next upside targets are:
- $4.61 (0.382 Fibonacci retracement)
- $5.45 (0.236 Fibonacci retracement)
- Extended channel and Fibonacci target: $6.81
Enel Chile (ENIC) is building a mature base structure for a long-term bullish reversal. A confirmed breakout above $3.90, combined with bullish EMA alignment, would unlock a strong upside scenario toward and beyond $6.00. Both technical formation and fundamentals strongly support this outlook. This is a structure you don't want to miss.
GOLD Support Ahead! Buy!
Hello,Traders!
GOLD is making a local
Bearish correction but
It is trading in a long
Term uptrend so we
Are bullish biased and
We will be expecting
A local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD ROUTE MAP UPDATEHey Everyone,
A great finish to the week with all our chart ideas completed, as analysed.
This is our 4h chart update that started with the open Bullish target and then all the way to the top into our final target with a few pips short and then followed with a perfect rejection on our final Goldturn.
The price dropped into each lower Goldturns for support and gave the 30 to 40 pip bounces like we always state. The final drop went and completed the open bearish target at 3282, completing this chart idea top to bottom.
BULLISH TARGET
3330 - DONE
EMA5 CROSS AND LOCK ABOVE 3330 WILL OPEN THE FOLLOWING BULLISH TARGET
3372 -DONE
EMA5 CROSS AND LOCK ABOVE 3372 WILL OPEN THE FOLLOWING BULLISH TARGET
3414 - DONE
EMA5 CROSS AND LOCK ABOVE 2414 WILL OPEN THE FOLLOWING BULLISH TARGET
3457 - DONE
EMA5 CROSS AND LOCK ABOVE 3457 WILL OPEN THE FOLLOWING BULLISH TARGET
3503 - DONE (FELL SHORT BY A FEW PIPS)
BEARISH TARGETS
3282 - DONE
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD My Opinion! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 3339.9 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 3323.8
Recommended Stop Loss - 3347.3
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GOLD LONG-TERM FORECAST UPDATEMonthly Chart: Gold is forming an internal high and low, indicating a potential reversal.
Weekly Chart: Inside bar formation, waiting for market sweep. Expecting a bullish move after sweep.
Daily Chart: CRT pattern confirmed, targeting lower levels. Our bullish area remains at $2580-
Stay tuned for further updates!
GOLD: Long Trading Opportunity
GOLD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GOLD
Entry - 3271.6
Sl - 3260.0
Tp - 3293.6
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
Chevron: The Chart’s Reaching a Critical PointChevron is starting to look very interesting again — but let’s be clear from the start: Chevron, like every oil giant, lives and dies by the price of oil. If oil rips higher or collapses due to global politics, supply shocks, or economic chaos, Chevron NYSE:CVX follows. No exceptions.
That said, what we’re seeing on the chart right now is increasingly pointing toward a deeper correction — specifically down to the $113–$100 zone. That would make sense structurally as a Wave 4 retracement.
But there’s a technical nuance here. Wave 1’s high sits at $103 — and depending on how strict your Elliott Wave rules are, Wave 4 dipping into Wave 1 is bad territory. Personally, I’m okay with a brief touch into that range, but I don’t want to see price hanging around below $103 for long.
From a trend perspective, we’re clearly in a downward channel. We just saw a textbook bull trap:
Chevron broke out with a solid +7% move over two weeks,
Followed immediately by a massive 22% drop,
One of the sharpest two-week declines since — yeah — March 2020, pandemic levels.
Now, price is hovering around $130, and the setup is simple:
If this level holds, great — maybe we’re bottoming.
If it breaks, I’m looking to buy between $113 and $100. That’s where the structure aligns, the volume kicks in, and risk/reward starts to make sense again.
So here’s the real question:
Do we see $200 first — or $100?
I’m leaning $100 first.
Not because I’m bearish long-term— but because that level would clean up the chart, shake out the noise, and give us a real shot at riding the next strong leg higher with conviction.
Would love to hear what you think — where’s your bet?
Gold Retreats After Trump Confirms China Talks 📌 Gold Retreats After Trump Confirms China Talks – Political Noise Drives Volatility 🧨📉
Gold (XAU/USD) saw a sharp intraday drop following comments from President Trump, who confirmed that trade talks with China are “ongoing” — despite China denying any official negotiations had taken place. The market interpreted this as a signal of de-escalation, prompting a short-term price correction.
Gold had previously rallied past $3,500/oz, supported by a weaker USD and strong demand from bargain hunters after last week’s sharp decline. However, the current political contradictions and tariff headlines are creating erratic moves across all asset classes.
🌍 Fundamental Context
The USD weakened, stocks lost momentum, and risk sentiment shifted after a confusing round of statements from the US and China.
Meanwhile, US jobless claims rose slightly, reflecting a resilient labour market amid tariff-related headwinds.
Today’s Core Retail Sales data in the US could add more volatility heading into the weekly candle close.
It’s Friday — expect possible liquidity sweeps and aggressive price spikes as the market prepares for weekend risk-off moves.
📊 Trading Outlook – 26 April
We're seeing signs of a tactical pullback, but long setups should be delayed until political headlines stabilise. Focus on intraday reaction zones — not aggressive positioning.
🔻 SELL ZONES
3384 – 3386
• SL: 3390
• TP: 3380 → 3376 → 3372 → 3368 → 3364 → 3360 → ???
3406 – 3408
• SL: 3412
• TP: 3400 → 3396 → 3392 → 3388 → 3384 → 3380 → 3370 → 3360
🟢 BUY ZONES
3288 – 3286
• SL: 3282
• TP: 3292 → 3296 → 3300 → 3304 → 3310
3270 – 3268
• SL: 3264
• TP: 3274 → 3278 → 3282 → 3286 → 3290
🛡️ Final Notes & Strategy
Avoid rushing BUY entries — allow Price to complete its corrective phase and wait for structure and confirmation.
Today’s Core Retail Sales (US) could trigger a fresh wave of volatility.
It’s also weekly close Friday, so prepare for potential false breaks and stop hunts.
✅ Stick to your TP/SL. Protect your capital first — clarity will come when the dust settles.
💬 Are you watching for a short-term bounce or planning to fade strength near resistance? Let us know in the comments below! 👇👇👇
SILVER: Move Up Expected! Long!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 32.982 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
GOLD: Strong Bearish Sentiment! Short!
My dear friends,
Today we will analyse GOLD together☺️
The market is at an inflection zone and price has now reached an area around 3,270.77 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 3,242.15..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
XAUUSD:25/4 Today's Market Analysis and StrategyGold technical analysis
The resistance level of the four-hour chart is 3370, and the support level is 3260
The resistance level of the one-hour chart is 3328, and the support level is 3260
The resistance level of the 30-minute chart is 3320, and the support level is 3287.
Gold rose to 3370.7 in the Asian session today and then fell sharply to 3287.4. It is currently trading around 3293. The technical side shows a fierce game between long and short positions.
If it falls below 3287, the decline will extend to 3260-3250. Then we will continue to short to 3200 next week.
If it breaks through 3328 upward, it will turn strong in the short term and continue to be bullish.
It is recommended to follow the trend trading after the breakthrough. The volatility is too large and it is not suitable for the strategy of selling high and buying low
SPY/QQQ Plan Your Trade For 4-25 : Inside Breakaway patternToday's Pattern is an Inside Breakaway pattern. I suggest this pattern could play a pivotal role in how the markets setup for the May 2 Major Bottom pattern I'm expecting.
You'll see in this video how any move to the upside could present a broadening of the consolidation range - resulting in even bigger price volatility going forward.
Yet, I believe the markets will stall and roll a bit downward/sideways today. Possibly resulting in a move back into the lower consolidation range as we ROLL off resistance.
As I suggested last weekend, I see no reason to assume the markets are "cleared for take-off" yet. Tariffs and political concerns are still driving uncertainty.
I think we are seeing Q1 earnings inflate the markets while the fundamental elements of the global markets are still somewhat unsettled.
I urge traders to HEDGE any open trades going into this weekend. If the markets don't make any clear moves today, hedge any positions you hold into next week.
Gold & Silver are showing signs of minor panic selling. I see that as traders wanting to retest the $3300/$33 levels for Gold/Silver.
I still believe Gold/Silver will skyrocket higher. But, probably not going to happen today.
BTCUSD is making an interesting move higher. Potentially invalidating the previous EPP pattern and/or setting up a very broad consolidation range.
It will be interesting to see how BTCUSD continues to trend over the next few months.
Remember, I'm hopefully helping all of you find ways to improve your trading and find better results.
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