Harmonic Patterns
Gold price has stopped falling, can we buy higher?The short-term 4-hour middle track 3380 has been lost and has become a key counter-pressure point. As long as it does not stand above it again, it will maintain a downward correction. After breaking 3292 below, it will be the 66-day moving average of 3260. The 1-hour K-line is under pressure, After last night's consolidation and pull-up,plus MACD has a golden cross below the zero axis. This wave of $200 rapid decline has almost corrected most of it. If it continues downward for another wave, or with the help of bottom divergence, it will slowly brew a short-term bottom; today's gold rebound focuses on the resistance below 3340, below the extreme middle track 3356, it is still bearish if it cannot withstand the pressure, and it will start to consider bottom-fishing if the strong support 3260 or 3245 is stable;
Canadian Dollar vs. US Dollar. The Spring Is Compressing.In previous posts, we have already begun to look at the key drivers of the US outperformance over the past decade.
The US market dominance has been largely driven by the rapid rise of tech giants (such as Apple, Microsoft, Amazon and Alphabet), which have benefited from strong profit growth, global market reach and significant investor inflows.
Unsatisfactory International Performance
Markets outside the US have faced headwinds including multiple stifling sanctions and tariffs, slowing economic growth, political uncertainty (especially in Europe), a stronger US dollar and the declining influence of high-growth tech sectors.
The Valuation Gap
By 2025, US equities will be considered relatively expensive compared to their international peers, which may offer more attractive valuations in the future.
Recent Shifts (2025 Trend)
Since early 2025, international equities have begun to outperform the S&P 500, and European and Asian equities have regained investor interest. Global market currencies are also widely dominated by the US dollar.
Factors include optimism around the following three big themes.
DE-DOLLARIZATION. DE-AMERICANIZATION. DIVERSIFICATION.
De-dollarization is the process by which countries reduce their reliance on the US dollar (USD) as the world's dominant reserve currency, medium of exchange, and unit of account in international trade and finance. This trend implies a shift away from the central role of the US dollar in global economic transactions to alternative currencies, assets, or financial systems.
Historical context and significance of the US dollar
The US dollar became the world's primary reserve currency after World War II, as enshrined in the Bretton Woods Agreement of 1944. This system pegged other currencies to the dollar, which was convertible into gold, making the dollar the backbone of international finance. The United States became the world's leading economic power, and the dollar replaced the British pound sterling as the dominant currency for global trade and reserves.
The dollar has been the most widely held reserve currency for decades. As of the end of 2024, it still accounts for about 57% of global foreign exchange reserves, far more than the euro (20%) and the Japanese yen (6%). However, this share has fallen from over 70% in 2001, signaling a gradual shift and prompting discussions about de-dollarization.
How De-Dollarization Works
Countries looking to reduce their reliance on the dollar are pursuing several strategies:
Diversifying reserves: Central banks are holding fewer U.S. dollars and increasing their holdings of other currencies, such as the euro, yen, British pound, or new alternatives such as the Chinese yuan. While the yuan's share remains small (about 2.2%), it has grown, especially among countries like Russia.
Using alternative currencies in trade: Countries are entering into bilateral or regional agreements to conduct trade in their own currencies rather than using the dollar as an intermediary. For example, China has introduced yuan-denominated oil futures (the "petroyuan") to challenge the petrodollar system. Increasing gold reserves: Many countries, including China, Russia and India, have significantly increased their purchases of gold as a safer reserve asset, reducing their dollar holdings.
Developing alternative financial systems: Some countries and blocs, such as BRICS, are working to develop alternatives to the US-dominated SWIFT payment system to avoid the risk of sanctions and gain true economic and political independence.
Reasons for de-dollarization
The move towards de-dollarization is driven by geopolitical and economic factors:
Backlash against US economic hegemony: The US often uses dollar dominance to impose sanctions and exert political pressure, encouraging countries to seek financial sovereignty.
Rise of new economic powers: Emerging economies like China and groups like the BRICS are seeking to reduce their vulnerability to U.S. influence and promote regional integration and alternative financial infrastructures.
Geopolitical tensions: Conflicts like the war in Ukraine have intensified efforts by countries like Russia to remove the dollar from their reserves to avoid sanctions.
Implications and outlook
While the dollar remains dominant, a more de-dollarized world is already changing global economic power. The U.S. may lose some advantages, such as lower borrowing costs and geopolitical influence. For the U.S. economy, de-dollarization could lead to a weaker currency, higher interest rates, and reduced foreign investment, although some effects, such as inflation from a weaker dollar, could belimited .
For other countries, de-dollarization could mean greater economic independence and less exposure to U.S. policy risks. However, no currency currently matches the dollar’s liquidity, stability, and global recognition, so a full transition is unlikely in the near future .
Summary
De-dollarization is a complex, ongoing process that reflects a gradual shift away from the global dominance of the U.S. dollar. It involves diversifying reserves, using alternative currencies and assets, and creating new financial systems to reduce dependence on the dollar.
Driven by geopolitical tensions and the rise of emerging economic powers, de-dollarization challenges the entrenched role of the dollar but is unlikely to completely replace it anytime soon.
Instead, it is leading to a more multipolar monetary system in international finance, increasing demand for alternative investments to the U.S.
Technical task
The main technical chart is presented in a quarterly breakdown, reflecting the dynamics of the Canadian dollar against the US dollar FX_IDC:CADUSD in the long term.
With the continued positive momentum of the relative strength indicator RSI(14), flat support near the level of 0.70 and a decreasing resistance level (descending top/ flat bottom) in case of a breakout represent the possibility of price growth to 0.80, with the prospect of parity in the currency pair and strengthening of the Canadian dollar to all-time highs, in the horizon of the next five years.
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Best wishes,
Your Beloved @PandorraResearch Team 😎
Lord MEDZ's GCAT Chronicles: Forecasting the Reversal Realm As the moons align over the charts of GCAT/USDT, we observe a tale of patience and pressure unraveling on the 2-hour scrolls of the KCEX exchange.
The Great GCAT, having soared valiantly into higher realms, has retreated into the shadows near the Order Block (OB) of ancient lore—marked clearly on our sacred fib lines and fortified by the elusive Rejection Block. Volume across the battlefield has dwindled, suggesting that the bears, after a tireless siege, may be nearing exhaustion.
Using the sacred Goldbach signal, a potential Reversal Zone has revealed itself—right at the edge of this low, where price meets prophecy. This is no random line in the sand; it is a historically honored area where buyers have drawn their swords before. Should this zone hold, we may witness a phoenix-like ascension to the 0.0072 territory, a colossal +1300% rally if fate aligns.
Notably, we’re sitting just above a high-confluence demand zone where previous rejection occurred—highlighted by the low-volume test candles and a notable slowdown in bearish momentum. Buyers may soon reclaim the battlefield.
🐱 What is GCAT?
GCAT (Gorecats) isn’t just another meme token prowling in the cryptic wilderness—it's a feline force of chaos and cuteness, fusing community strength with bold tokenomics. With claws sharp and vision clear, GCAT aims to carve a niche in the memecoin kingdom while rewarding its loyal tribe with fast-paced, low-market-cap opportunities.
⚠️ Disclaimer from the Desk of Lord MEDZ
This is not financial advice—merely a trading observation from your humble chart sorcerer, Lord MEDZ. Study the runes yourself before you take any quests. May the candles always close in your favor.
XRP at its strongest resistance, LONGS be careful!!Join our community and start your crypto journey today for:
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Let's analyze XRPUSDT on lower time frame:
XRP recently experienced a significant 470% surge within a month. However, this rapid rally is suspected to be a bull trap. Historical data, particularly the 2021 pump followed by an 80% decline, suggests weak investor sentiment. As XRP is currently trading near its strongest resistance, a potential pullback or sideways movement is anticipated. A retest of support levels seems likely before any further upward movement.
RSI overbought (LTF): Indicates potential correction.
MACD slowing momentum (LTF): Suggests a possible pullback.
Key support zones:
$2.22
$1.85
$1.41
Key resistance levels:
$2.9
$3.2
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Happy Trading!!
SoFi Technologies (SOFI) Shows Signs of Wyckoff Shakeout Near 20Stock Analysis – SoFi Technologies Inc. (NASDAQ: SOFI)
SoFi Technologies (SOFI) is showing a classic Wyckoff shakeout pattern, signaling that a strong upside move could be imminent. The stock has successfully defended its 200-day moving average, a major technical level, and is now displaying signs of renewed strength.
After flushing out weak holders during the recent shakeout, SOFI rebounded quickly – a textbook "spring" move in Wyckoff terms. This sharp recovery, accompanied by a rise in buying volume, suggests that smart money may be accumulating shares in anticipation of a breakout.
With current price action stabilizing above the 200-day MA and momentum starting to build, SOFI appears ready to break out of its consolidation zone. A decisive move above nearby resistance could trigger a strong rally, potentially catching many off guard.
Why SOFI Could Be Ready to Surge:
Clear Wyckoff shakeout + spring formation
200-day MA providing reliable support
Volume picking up on green days – accumulation signal
Breakout above resistance could ignite a sharp bullish move
Technical traders and investors watching the Wyckoff method will recognize the pattern unfolding: SOFI looks ready for a powerful upward move, and early positioning could offer a favorable risk-reward setup.
Key Test of Resistance on QQQKey remount of the QQQ. We are over the 9ema and 20sma now and testing a huge supply zone that we need to eat thorugh. This ownt be easy as this 470 level is a huge supply but this can be the start of something. A couple days of chop here while we grind under the supply zone could set us up for higher prices. They key is to see how we react into this zone as the first test into that 470 we might get rejected in absence of news but we need the see the nature and structure of that pullback. We are by no way means out of the bear market this is a traders market but there are some green shoots. The market is shrugging off bad news and the trump team is trying to keep this market afloat by anymeans!
GLD Will TOP SOON - Good For Crypto and AltsGLD has been on a tear lately, but I believe the rally will come to an end next week. This will be good for BTC and Alts. First looking at the RSI on GLD we can see it is now overbought on a monthly and this somehow coincides with the April 2 deadline on Tariffs. IMO I think this is a trap and GLD will begin to fall after it reaches just above the line I have in the chart.
Tesla - The Next 7 Days Decide Everything!Tesla ( NASDAQ:TSLA ) is sitting at a crucial structure:
Click chart above to see the detailed analysis👆🏻
Despite the -60% correction which we have been seeing over the past couple of months, Tesla still continuously validates its overall uptrend. That's exactly the reason for my strong bullish thesis and the assumption, that after we see bullish confirmation, Tesla will reject the current support area.
Levels to watch: $250, $400
Keep your long term vision,
Philip (BasicTrading)
Meta - The Correction Is Officially Over!Meta ( NASDAQ:META ) is retesting the previous all time high:
Click chart above to see the detailed analysis👆🏻
For more than 7 years, Meta has been perfectly trading in a reverse triangle formation. And just three months ago, Meta once again retested the upper resistance trendline and reversed towards the downside. But with the retest of the previous all time high, this correction is over.
Levels to watch: $500, $800
Keep your long term vision,
Philip (BasicTrading)
Bitcoin Macro View – Post-Halving StructureThis monthly chart outlines Bitcoin’s long-term ascending channel with key horizontal resistance levels. Following the April 2024 halving (highlighted), price action has continued respecting the macro uptrend with higher lows. Blue projection suggests potential for continued bullish momentum, testing upper channel boundaries into late 2025.
Key zones:
• Major support: GETTEX:23K (2022 low, Fibonacci zone)
• Resistance: $60K–$69K range (previous ATH supply zone)
• Current structure: Bullish continuation above trendline support
Watching for confirmation of a breakout above previous highs, with potential upside extension toward $90K–$100K by 2026 if momentum sustains. 📊🚀
#Bitcoin #Crypto #BTC #TechnicalAnalysis #BTCUSD #HalvingCycle #CryptoTrading #MacroView
How is gold going? What to do now?After reaching the psychological high of $3500, it entered a correction phase, which was also affected by the slight easing of the US-China tariff conflict...
After failing to hit the 3250 area of concern, gold prices will be slightly stronger. Meanwhile, the market is looking forward to the US PMI data. Earlier, gold prices hit an all-time high of $3500, but fell back on hopes of a easing of the US-China trade war and the US Treasury Secretary's remarks about a possible "detente".
The dollar recovered in the correction, but investors doubted Trump's predictability and gold prices began to pull back at this time. The focus is on the S&P Global PMI index: the results of this index may affect expectations for the federal funds rate and bring a new direction to the market.
From a technical point of view, gold prices are in a correction and confirm the bearish structure. But any unexpected remarks from Trump may attract a lot of buying.
Quaid data analysis:
Upward resistance: 3340, 3360
Downward support: 3280, 3250
Quid believes that buying can be considered when retesting the support level or closing above 3370.
Traders, do you agree with Quaid's idea? Please leave your thoughts. I'll be happy that way.
Still Bullish, if we think all is good, we are wrong.Under new administration it can't be good anymore, technically yellow matal is still bulish after cool down a little bit RSI. So I am still bullish and looking for daily support and demand zones. Here are some of my zones that I am looking for near future to take a chance of buying again.
Potential bearish drop?S&P500 (US500) has reacted off the pivot and could drop to the 1st support.
Pivot: 5,480.90
1st Support: 5,099.50
1st Resistance: 5,778.60
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