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Harmonic Patterns

Gold Hits New Highs Amid Rising UncertaintyGold ended last week at historic levels, closing near $3,085 per ounce, amid rising economic uncertainty and renewed tariff-related rhetoric from the U.S. President, particularly concerning the automotive sector. During late trading hours yesterday, fresh developments regarding trade tensions—along with references to potential geopolitical escalation—were noted. These factors appeared to contribute to a gap-up opening for gold, which reached a new all-time high of $3,125 per ounce. While future price movements remain uncertain, market participants may monitor the following levels: * The $3,125 high could serve as a key reference point; any revisit to this level may draw attention to the $3,150 area. * A moderation in momentum near $3,125 might result in a revisit to the $3,112 level. * Should prices fall below $3,110, the $3,100 area—commonly observed as a psychological benchmark—may become relevant. * A continuation below $3,100 might bring the previous high of $3,085 back into focus.
EASYMARKETS:XAUUSD
by Ram-Karavadra
META Can it hold its 1W MA50?Meta Platforms (META) has been trading within a 1-year Channel Up and yesterday it hit its 1W MA50 (red trend-line), breaching the 1D MA200 (orange trend-line) which held the correction last week. Even though the bottom of the Channel Up is currently $40 lower, holding he 1W MA50 is critical because it has been kept intact since the February 02 2023 bullish break-out. The first signs are encouraging as the 1D RSI is on Higher Lows, despite the stock's Lower Lows, which is a Bullish Divergence. So as long as this Channel Up bottom Zone holds, we expect META to initiate its new Bullish Leg and test initially its previous Resistance (ATH) as it did on July 05 2024 and August 22 2024. Our Target is $740. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:METALong
by TradingShot
WTI OIL Approaching a potential rejection level.Our last short-term analysis (March 18, see chart below) on WTI Oil (USOIL) hit the $70.00 Target and is currently extending the uptrend: We believe however that this uptrend may be coming to a temporary end as not only does it approach the 1D MA200 (orange trend-line) that has been intact since February 03, but also the 73.40 Symmetrical Resistance that kick started the -7.70% September 24 2024 rejection. As you can this this is also where the 1D RSI 67.00 Resistance is, which has also caused 2 rejections. Based on that, we will wait for a short on the 1D MA200 to target $68.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
4.1 Gold is out of control, and long positions at low levels con4.1 Gold is out of control, and long positions at low levels continue Gold has been bullish since it easily broke through the 3000 line. From the pullback in February to now, it has been giving up the gains all the way. Today, it has risen with 3125 as the support point. There has just been a small pullback, and this pullback is just for correction. Remember one thing, the end of the rising market is not to look at the high point, but to look at the support, that is, the breakthrough of the key support position can determine the short-term direction. Pay attention to the support point rather than guessing the high point, there is no highest, only higher Now gold has fallen from the 3148 line to the top and bottom conversion position, and 3125 is the support of the rising area Key point: The key to long and short defense and decision-making is 3100. Warning: Find a position in the bull market, don't guess the top, the top is walked out, not guessed! Current strategy: Long-term strategy: 3125-3128 Stop loss: 3115 Target: 3160-3165 If you are interested in my article, please leave a message to discuss. Thank you.
PYTH:XAUUSD
by Grace_00007
USTEC Sell Limit Trade Idea⏳ Expires: 02/04/2025 - 12:00 Market Outlook A 5-wave bearish count has completed at 18,818, indicating potential downside. The 261.8% Fibonacci extension from 20,363 to 19,765 is located at 18,796, reinforcing bearish momentum. Equities opened higher due to an overnight positive theme, but previous support at 19,423 has now turned into resistance. Trade Details Entry (Sell Limit): 19,415 Stop Loss: 19,555 (-140 points) Take Profit: 19,125 (+290 points) Risk/Reward Ratio: 2.07:1 Key Levels Resistance: R1: 19,415 (Bespoke Resistance) R2: 19,423 (Previous Support Turned Resistance) R3: 20,636 Support: S1: 19,157 S2: 19,124 S3: 18,796 (Fibonacci Extension Target) Technical & Fundamental Factors ✅ Bearish 5-Wave Count Completed – Suggests potential for further downside. ✅ Fibonacci Resistance at 18,796 – Aligns with key technical levels. ✅ Previous Support Turned Resistance – 19,423 may act as a rejection zone. ⚠️ ISM Manufacturing PMI Release (01/04/2025 at 15:00) – Potential market-moving event to watch. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:USTECShort
by Signal_Centre1