Gold short-term analysis, follow up and buyPolicy expectations and news are dominating the market. Tariffs have been upgraded again. Gold rose sharply to 3099.4 in late trading, close to the 3100 mark, and retreated sharply by more than $50 to 3048 before closing. The daily chart closed sharply higher. The New York closing price of the daily chart once again stood on the MA10 daily average, with a daily increase of more than 3%.
From a technical point of view, the rebound to 2956 at the beginning of the week ushered in a rebound, and the lows gradually moved up. The big rise closed on Wednesday, so the previous 2956 position formed a bottoming performance, and the Bollinger Bands narrowed more and more obviously. The technical conditions for this wave of bottoming have been met, so there was a bullish outbreak in the US market on Wednesday. As long as the current gold market stands firmly at 3100, it can continue to look up to 3136 or even 3167 or higher.
In the 4-hour chart of gold, we can see that the market has been rising all the way, forming a bottom low at 2956, and 2970 is the shoulder of the head and shoulders bottom. In the short term, we will first see whether it can stand above 3100, and then see whether it can form a unilateral surge and reach a new high. Therefore, trading should still be based on buying.
The lower support can refer to the resistance turning into support after breaking through 3100, followed by the US market retracement position of 3062 on Wednesday. Make effective purchases above these positions, and wait for the next support position to continue to go long after breaking through. As long as these two positions are maintained, the short-term bullish trend will remain unchanged.
Key points:
First support: 3100, second support: 3073, third support: 3062
First resistance: 3118, second resistance: 3136, third resistance: 3154
Operation ideas:
Buy: 3098-3102, SL: 3090, TP: 3120-3130;
Buy: 3062-3065, SL: 3053, TP: 3090-3100;
Sell: 3133-3136, SL: 3145, TP: 3100-3080;
Gann
ALE's Long-Term Price Projection
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#SUI/USDT#SUI
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 1.86.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 1.90
First target: 1.99
Second target: 2.10
Third target: 2.19
The Bearish Cycle of SPX has begun.TL Overshort, rejected, recent price action(PA) has been bearish, the market seems to be overvalued.
The AI rush will subside due to the lack of data storage, and questions about how to sustain energy consumption, among other concerns about the sustainability of the tech rush, remain.
I think the tech industry will be the leading factor in the bearish cycle as the market continues finding lower levels from higher highs (HH). The forecast predicts a movement towards 4,400 points on the S&P 500 (SPX).
DXY: Will Go Up! Long!
My dear friends,
Today we will analyse DXY together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 102.250 will confirm the new direction upwards with the target being the next key level of 102.798 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
SILVER: The Market Is Looking Down! Short!
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 30.436 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❤️
EURUSD: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The market is at an inflection zone and price has now reached an area around 1.10453 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 1.10992.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
GOLD: Bears Are Winning! Short!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,082.61 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the next key level of 3,023.93..Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
XAUUSD: 7/4 Today's Market Analysis and StrategyGold technical analysis
Daily chart resistance 3080, support below 2950
Four-hour chart resistance 3050, support below 2970
One-hour chart resistance 3035, support below 3010.
The global stock market crash has triggered a large amount of funds to sell gold to cover stock market positions, but the central bank's demand for gold purchases (such as China's increase in gold holdings in March) provides long-term support. If the panic in the stock market eases and funds flow back to the gold market, it may push the gold price to rebound to $3050-3070. If the DXY index rises or the US stock market is sold more violently, the gold price may fall to the support band of $2950-2970.
Technical short-term bearish but need to guard against rebounds after oversold, pay close attention to US stock market fluctuations and geopolitical events, if panic escalates, it may trigger a simultaneous decline in gold and the stock market
Sell: 3040 SL: 3045
Sell: 2980 SL: 2985
Nifty Daily view on Friday (April 11, 2025)According to my analysis, the Nifty is still bearish on a daily basis. However, I foresee an opportunity in the bullish signals on April 11, 2025. Since I am considering the gaps on the either direction, traders should follow technical analysis before entering into trades.
EURUSD SHORT UPDATED Q2 W15 D9 Y25EURUSD SHORT UPDATED Q2 W15 D9 Y25
Welcome Traders! Let's be dynamic. Here an image of my updated thoughts regarding EURUSD short position. Can price action snap the lows of Asia, creating bearish price actions, Leaving a point of interest for us to short from?
Lets see how it plays!
Until then !
FRGNT X