Tariffs ease, risk aversion drops, gold continues to be bearishAfter hitting the integer mark of 3500 yesterday, gold fell back by nearly 200 US dollars. Today's early trading opened lower and directly swallowed up the overall rise of yesterday. Will gold continue to correct or turn around?
From the current decline, the range from the high point of 3500 to the current low point of 3315 is close to 200 US dollars. Considering this round of decline, it has exceeded the range of short-term correction. Therefore, traders should guard against the probability that the gold price will enter a turning point in the short term!
After the current decline is too large, the main area is to go sideways to correct the main force. The overall rebound will not be too large.
Main area: around 3380-3400
Defensive support below: double bottom around 3280
Operation suggestion: Do not carry orders, heavy positions, lock positions in sudden change cycles, and bring stop losses! "Specific operations are subject to actual trading"
Dxyanalysis
Gold hits 3500 retracement adjustmentGold Technical Forecast:
From a technical perspective, gold is confidently moving along a bullish trajectory. There is no doubt about that. But the signals now sent by the Relative Strength Index (RSI) and other momentum indicators are worth paying attention to. The daily RSI reading is close to 80, which has entered the severely overbought area. However, this does not necessarily indicate impending doom. It just confirms what we already know: buyers are in control.
So, is the price close to a top? Possibly. But I would not sound the alarm bells just yet. These high indicators are more of a warning than a battle cry. It is more of a "stay alert" than a "get out of here".
Spot Gold Technical Levels to Watch
Gold's climb to a record $3,500 was impressive, but as expected, it has begun to retreat slightly from this psychological high, most likely due to some conventional profit-taking. There is no natural resistance above this level; all we have are round numbers. However, on the way down, the situation is different.
Technical Analysis
Initial support includes Monday's high of $3,430 and the round number mark of $3,400 on the daily chart. Looking further down, $3,357 is last week's breakout level, followed by reliable support at $3,300. If a more meaningful pullback occurs, $3,245 and $3,167 will be worth watching, both of which were previous resistance ranges and are now likely to become support levels.
Gold price breaks through a new high of 3500 and enters the key Gold price hit a new record high of 3500. After reaching this point, it showed obvious pressure and went down to find the 3461 area. This is the largest correction since the rise of 3284 last Thursday.
Today's early trading price also continued to rise and break through the new high, but there was an episode, that is, it first broke through the high of 3444, then fell sharply to 3412, and finally confirmed the strong rise at 3418 to break through the new high, and continued to break through the sprint
Until noon, it sprinted to 3495 and suppressed the decline to find 3473 support, and then pulled up again to sprint to break the high of 3500. This time the decline was relatively strong, falling to the 3461 area
So far, the rising process can be slightly slowed down and enter a wave of adjustment
Accumulate momentum to provide power for the next round of start-up
During the adjustment process, pay attention to the golden section line
This wave from Since the rise from 2970, the largest adjustment squat is 0.382, and now this position is 3417, which is close to the Asian market acceleration starting point 3418. The two together become the stabilizer of the bullish trend: 0.382 position 3417 area
This is the first focus of today. During the adjustment process, pay attention to the position of the golden section line
0.382 position is 3417, close to the acceleration starting point
0.500 position is 3391, close to the 3384 area along the channel line
0.618 position is 3366, close to the four-hour lifeline
The current price space is large and the speed is fast. Articles and analysis are only auxiliary, and are more temporary reminders. Plans cannot keep up with changes. The three key points mentioned above can be kept in mind. If there are price variables during the process, they can also be adjusted accordingly.
Gold 3500 mark is about to openThe gold market opened at 3331.4 yesterday morning, then fell back slightly to 3328.6, then strongly fluctuated and pulled up, breaking through the previous week's high of 3358 and the pressure of 3387 and the 3400 integer mark, and then reached the highest position of 3430.8, and then the market consolidated. The weekly line finally closed at 3424.8, and the market closed with a basically saturated big positive line. After this pattern ended, today's market still has bullish demand driven by risk aversion and bullish sentiment, with the target at 3465, and the break at 3480 and 3500
Elliott Wave Principles: A Study on US Dollar IndexHello friends, today we'll attempt to analyze the (DXY) US Dollar Index chart using Elliott Wave theory. Let's explore the possible Elliott Wave counts with wave Principles (Rules).
We've used the daily time frame chart here, which suggests that the primary cycle degree in Black weekly wave ((A)) and ((B)) waves have already occurred. Currently, wave ((C)) is in progress.
Within wave ((C)) in Black which are Weekly counts, Subdivisions are on daily time frame, showing Intermediate degree in blue wave (1) & (2) are finished and (3) is near to completion. Post wave (3), we can expect wave (4) up in Blue and then wave (5) down in Blue, marking the end of wave ((C)) in Black.
Additionally, within blue wave (3) Intermediate degree, we should see 5 subdivisions in red of Minor degree, which is clearly showing that waves 1 & 2 are done and now we are near to completion of wave 3 in Red. followed by waves 4 and 5, which will complete blue wave (3).
Key Points to Learn:
When applying Elliott Wave theory, it's essential to follow specific rules and principles. Here are three crucial ones:
1. Wave 2 Retracement Rule: Wave two will never retrace more than 100% of wave one.
2. Wave 3 Length Rule: Wave three will never be the shortest among waves 1, 3, and 5. It may be the largest most of the time, but never the shortest.
3. Wave 4 Overlap Rule: Wave four will never enter into the territory of wave one, meaning wave four will not overlap wave one, except in cases of diagonals or triangles.
Invalidation level is a level which is decided based on these Elliott wave Principles only, Once its triggered, then counts are Invalidated so we have to reassess the chart study and other possible counts are to be plotted
The entire wave count is clearly visible on the chart, and this is just one possible scenario. Please note that Elliott Wave theory involves multiple possibilities and uncertainties.
The analysis we've presented focuses on one particular scenario that seems potentially possible. However, it's essential to keep in mind that Elliott Wave counts can have multiple possibilities.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Interpretation of gold US market operation ideas! ! !Gold continued to be bullish in the morning, and the 3400 mark has been broken. How will it evolve next?
The US dollar index directly fell on Monday morning, and the US Y index fell by more than 8% this year, causing gold to rise in a variable. The rise in gold caused by this situation will be greatly adjusted due to the recovery of the US dollar! The key to winning or losing tonight lies between 20 and 22 o'clock.
If the US stock market opens, it will fall below the 98 mark due to the southward movement of the US dollar, creating a new low since April 2022! The market's trust in the US dollar as a global reserve currency has declined! The possibility of turning to other safe-haven assets has increased, thereby increasing the variable of gold rising.
If based on this logic, tonight's 20-23 o'clock cycle is the main winning or losing day of this week!
Hypothetical principle: If it is postponed to the north during the day, everyone should pay attention to the selling pressure near 3415. As the price changes, the selling pressure is more likely to occur! And the defense line will rise in each round of corrective retracement!
Short-term defense line: 3355-3370-3383-3392
Pressure level above: 3430-3458
Risk notice: 1. When everyone is paying attention, long positions may fall at any time, and the range will not be less than 50-80 points!
2. The decline of the US dollar index will lead to a collapse in futures, which will trigger a chain reaction. Traders will face the possibility of gold settlement to fill the gap in other markets!
Gold is hard to break through 4000, short sellers are coming
Gold prices rose strongly in the Asian session on Monday, approaching the historical high of $3,400 per ounce, as concerns about the global trade situation intensified and the dollar fell to a two-year low due to concerns about economic recession. Despite the overbought signal on the technical side, the market's expectations of the Fed's rate cut and trade concerns continue to attract safe-haven funds to flow into the gold market.
Technical side:
Gold opened higher on Monday and has now risen from 3330 to 3394, with a range of $65. At present, gold indicators are expected to be severely overbought and a large correction may be needed at any time. In addition, the main force continues to push up gold to prevent the main force from fleeing. Gold is mainly shorted at highs below the 3400 mark!
SELL: 3394 Stop loss 3405
TP1: 3375
TP2: 3360
Dollar index (DXY) Analysis DXY Analysis – General Outlook
This week’s analysis is more of a general overview, and it closely aligns with my view on EUR/USD. While I don’t trade DXY directly, I use it heavily as a confluence tool, so marking out its likely direction is key for aligning trades across other USD-related pairs.
At the moment, I’m favouring Scenario A, where I expect DXY to move a bit lower, accumulate, and then react from the 2-day demand zone. If that happens, we could see a bullish move on DXY, which would naturally result in bearish pressure for other pairs like EU and GU.
However, if price decides to retrace upwards first, there’s a clean supply zone that still needs to be mitigated. If that zone holds, DXY could continue its bearish structure for longer—meaning more bullish momentum across other major pairs.
Interpretation of technical analysis of gold market opening operDue to the influence of Easter, the market was closed on Friday this week. After hitting a high of 3357, gold also ushered in a short-term adjustment! In the previous interpretation, we also emphasized to everyone that after hitting a new high, we should guard against the pullback caused by profit-taking. Especially at the critical time point when the market is about to close, but this does not mean the end of the bullish trend. After the sharp rise in gold, although there is selling pressure, gold still rose by 2.5% this week and closed above 3300.
So how should we trade gold next week?
The biggest driving factor for the rise in gold prices this time is Trump’s repeated tariff policy, coupled with the recent tense geopolitical situation, and the pace of global central banks buying gold. In the medium and long term, it is still a driving force for gold to rise.
Short-term operation: Pay attention to the first support level, which is 3310, which has been touched many times.
Short-term key support below: 3285-90
Short-term focus on high points above: 3340-45
If the breakthrough accelerates to the historical high point, everyone should be cautious in chasing more!
DXY / Dollar Index Market Heist Plan (Scalping/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑 💰💸✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DXY / Dollar Index Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk ATR Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout (103.300) then make your move - Bullish profits await!"
however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level.
📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊."
📍 Thief SL placed at the recent/swing low level Using the 1H timeframe (101.700) Day / Scalping trade basis.
📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 105.000 (or) Escape Before the Target
💰💸💵DXY / Dollar Index Market Heist Plan (Scalping / Day Trade) is currently experiencing a bullishness,., driven by several key factors.👇👇👇
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⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
DXY / Dollar Index Market Heist Plan (Scalping / Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑 💰💸✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the DXY / Dollar Index Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout (104.550) then make your move - Bullish profits await!"
however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level.
📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑:
Thief SL placed at the recent/swing low level Using the 1H timeframe (103.800) Day trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 105.400 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
DXY / Dollar Index Market Heist Plan (Scalping / Day Trade) is currently experiencing a bullishness,., driven by several key factors.
📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Index-Specific Analysis, Positioning and future trend targets.. go ahead to check 👉👉👉
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
DXY The Fake Dance- One of the most important barometers for global currencies and markets in the world.
- Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..)
- When they don't start the printing machine, DXY keeps is strength.
- When they start to print DXY starts to dip and markets boom up.
- it's really basic and based on "BRRR Machine".
- i had a hard time to decrypt this fake peace of resilience.
- actually there's none visible divergences on the 1M or 3M Timeframes.
- So i decided to push my analysis to 6M Timeframe and noticed few things :
- You can notice that from 2008 ( Post crises ), DXY was in a perma bullish trend.
- So now check MACD and will notice this fake move on January 2021 ( in graph the red ? )
- MACD was about to cross down, columns smaller and smaller, then a Pump from nowhere lol.
- i rarely saw that in my trading life on a 6M Timeframe.
- So to understand more this trend, i used ADX (Average Directional Index)
- ADX is used to determine when the price is trending strongly.
- In many cases, it is the ultimate trend indicator.
- So if you look well ADX columns, you will notice that a strong divergence is on the way.
- First check the Yellow Doted Line in July 2022 when DXY reached 115ish and look the size of the green columns.
- Now check today (red doted Line), and look again the ADX green columns is higher, but DXY diped to 105ish.
- So like always, i can be wrong, but i bet on a fast DXY dip soon or later.
- it's possible to fake pumps, but it's harder to fake traders.
Happy Tr4Ding !
DXY Bullish Reversal Setup – Long Entry from Support Zone TowardEMA 30 (Red Line): Currently at 99.700 — tracks short-term trend, and price is hovering near this level.
EMA 200 (Blue Line): At 100.935 — indicates long-term trend, acting as dynamic resistance above.
📈 Trade Setup
✅ Entry Point:
Price: 99.699
Rationale: This level has been tested multiple times, forming a support zone. A bounce here signals a potential long entry.
🎯 Target Point (Take Profit):
Price: 102.738
Distance: ~3.04 points or 3.43% potential move upward.
Note: Marked as EA TARGET POINT, which suggests a calculated area possibly based on previous resistance or algorithmic strategy.
🛑 Stop Loss:
Price: 98.624
Reasoning: Just below the defined support zone (highlighted purple area), ensuring protection against downside breakouts.
📊 Risk-to-Reward Ratio
Entry: 99.699
Target: 102.738 → Gain of ~3.04
Stop: 98.624 → Risk of ~1.08
R/R Ratio: ~2.8:1 — favorable setup
📌 Overall Sentiment
This chart indicates a bullish reversal setup from a strong support zone, possibly targeting a mean reversion or trend reversal toward the 200 EMA and beyond.
However, keep in mind:
The price is currently below both EMAs, so the trend is still bearish.
The trade is counter-trend, relying on support holding and momentum shifting.
DeGRAM | DXY has broken the downward structureThe DXY is under a descending channel above the trend lines.
The price has broken the upper trend line.
The chart maintains a harmonic pattern and has already broken the descending structure.
We expect a rise after consolidation above the resistance level.
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DeGRAM | DXY dropped below 100 pointsDXY is in a descending channel between trend lines.
On the downside, the price has formed a gap and dropped below 100 pips and has already reached the lower trend line.
The chart maintains a descending structure but has already formed a harmonic pattern and a descending wedge.
On the major timeframes, the index relative strength is in the oversold zone and on the 30m Timeframe it is forming a bullish convergence.
We expect a reversal after a support retest.
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U.S. Dollar Index (DXY) – Key Resistance & Bearish Target Analys📊 Key Observations:
🔵 Resistance Zone (📍~103.5 Level)
A strong resistance area (🔵 blue box) is marked, indicating potential selling pressure if the price reaches this level.
The price is moving upwards (📈) towards this resistance, so watch for rejection or breakout.
🔵 Support/Target Zone (📍~101.5 Level)
A lower support zone (🔵 blue box) is marked as the bearish target 🎯.
If the price fails at resistance, it may head downwards (📉) to this level.
📉 Recent Price Action:
🚀 Sharp drop followed by a rebound (📈).
The price is currently moving back up (🔼), possibly forming a lower high before another drop.
📌 Exponential Moving Average (DEMA 9 - 102.488)
The price is hovering above the 9-period DEMA (📏), showing short-term bullish momentum.
If the price rejects resistance and falls below the DEMA, a bearish continuation (📉) is likely.
🚀 Potential Scenarios:
✅ Bullish Breakout: If price breaks above 🔵 resistance, it may continue rising (📈) to higher levels.
❌ Bearish Rejection: If price fails at resistance, expect a drop (📉) towards 101.5 🎯.
4.11 Interpretation of gold technical ideas4.11 Interpretation of gold operation ideas: Gold prices rose sharply to a new high. How to trade next?
The daily line closed with a big positive line, and the closing price was far away from the previous high. This is a truly effective breakthrough!
There are two types of breakthroughs: 1. The amplitude and strength of the breakthrough! 2. The closing price after the breakthrough!
At present, the intraday pattern of gold prices is unbalanced. The rise and fall depends entirely on the international situation. The US dollar has fallen below 100 points, which has led to panic selling by investors and a sharp rise in gold prices. Therefore, if the situation eases, we must be wary of a rapid decline in gold prices. After a wave of accelerated rises in the morning, today's main focus is on the trend of the afternoon and US markets.
At present, the price of gold is hovering in the 3210 range. If it falls back, it is expected to rebound in the 3200-3190 range. If the European market breaks through the high for the second time and continues to strengthen during the day, then the US stock market will usher in a bullish opportunity again.
The market is always full of opportunities! The above strategies are for reference only, and personal opinions are for reference only. The specific operation is subject to real-time operation. If you want to obtain core member signals and increase account profits, please contact Ailen❤️❤️❤️
DeGRAM | DXY broke the triangle downwardDXY is in a descending channel under a triangle.
The price is moving from the upper boundary of the channel, resistance level and upper trendline, which previously acted as a pullback point.
The chart failed to form an ascending structure, but it formed a harmonic pattern and broke down the mirror support level, which now acts as resistance.
On the main timeframes, the relative strength index is below 50 points.
We expect the decline to continue.
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