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Harmonic Patterns

4.6 Analysis of current gold trend4.6 Analysis of current gold trend Trend judgment: K-line breaks the middle track of Bollinger Bands, short-term bearishness dominates; Bollinger Bands open downward, and the downward wave continues. Key signals: 3000 mark: If it falls below, it will open up downward space (target 2980-2950); if it stabilizes, it may rebound technically (target 3030-3050). 3030-3050 area: If the K-line fluctuates in this area, it can be regarded as a second bottoming out; if it stands firmly at 3055, be alert to a rebound to 3070. Strategy 1. Short order (preferred) Entry: 3050-3055 light position to try short, if it rebounds to 3065-3068, increase the position (stop loss above 3072). Target: 3030→3015→3000 (step reduction). 2. Long order (caution) Entry: Long after the 3005-3010 area stabilizes (stop loss 2997). Target: 3030→3045 (quick in and quick out). 3. Follow up after the break Lower position breaks 3000: chase short (stop loss 3010), target 2980→2950. Upper position breaks 3070: wait and see whether it will fall back to 3055 and stabilize, then consider short-term long (target 3080). Risk warning Sweep market continues: recent volatility is drastic, avoid chasing ups and downs, and wait for key positions to be confirmed. Data and events: Pay attention to the Fed's policy expectations and geopolitical situation. If there is a sudden positive news, the rebound may accelerate.
FOREXCOM:XAUUSD
by Emily357537
Basis for the Future Trend of AUD/USDRecently, the changes in the global economic landscape, geopolitical uncertainties, combined with the fluctuations in US tariff policies and key economic data, have significantly affected the Australian Dollar to US Dollar (AUD/USD) exchange rate, causing substantial fluctuations in it. The following analyzes its trends from multiple aspects. 1. Main Influencing Factors 1.1 US Tariff Policies On April 2nd, Trump announced the imposition of a "minimum baseline tariff" on trading partners. Although there have been no immediate adjustments targeting Australia for now, this move has disrupted the global trade order. As a resource-exporting country, Australia's export industry may be indirectly impacted. If the US imposes tariffs on Australia in the future, the export costs of Australia will rise, its economy will be hit, the expectations for the Australian dollar will decrease, and AUD/USD will decline. 1.2 Non-farm Payroll Data The data released on April 4th showed that the number of new non-farm jobs in the US in March far exceeded expectations, the unemployment rate increased slightly, and the hourly wage rose, causing the US dollar to increase slightly. Generally, positive non-farm payroll data will drive the appreciation of the US dollar and the decline of AUD/USD. However, the US economic growth is slowing down, and the market's expectations for the Federal Reserve's monetary policy are divided, which limits the increase of the US dollar, and the downward pressure on AUD/USD is relatively limited. 1.3 Global Trade Situation Australia's economy relies on exports. The US's imposition of tariffs has triggered trade frictions, and the demand and prices of its export commodities may be affected. When trade tensions rise, investors will sell the Australian dollar, and AUD/USD will decline. When the situation eases, the demand for the Australian dollar will increase, and AUD/USD will rise. 1.4 Australian Economic Data Economic data such as Australia's GDP, employment, and inflation directly affect the trend of the Australian dollar. When the data is positive, the Australian dollar appreciates; conversely, when the data is poor, the Australian dollar depreciates, driving AUD/USD to move in the same direction. 1.5 Federal Reserve's Monetary Policy When the Federal Reserve raises interest rates, the attractiveness of US dollar assets increases, the US dollar strengthens, and AUD/USD declines. When the Federal Reserve implements interest rate cuts or quantitative easing policies, the US dollar weakens, and AUD/USD may rise. 2. Fundamental Analysis 2.1 Australia Australia has a mild inflation rate, a recovering real estate market, and a rising consumer confidence index, which provide support for the Australian dollar. Moreover, it has not been directly impacted by the US tariff policies for now, and the driving force for economic recovery still exists. 2.2 The United States The US economic growth is slowing down, and some economic data are not satisfactory. Although the non-farm payroll data in March was positive, the overall economic outlook is uncertain. The Federal Reserve Chairman said that the impact of tariff hikes exceeds expectations, and the market's expectations for the Federal Reserve's monetary policy are divided, creating conditions for the rise of AUD/USD. 3. Expectations for the Future Trend of AUD/USD 3.1 Improvement in the Global Trade Situation is Expected to Boost the Australian Dollar If trade negotiations can ease trade frictions, Australia's exports will benefit, and the Australian dollar is expected to appreciate, driving the rise of AUD/USD. If the US reduces tariffs on Australia, the Australian dollar will have stronger upward momentum. 3.2 The Expectation of Australia's Economic Recovery is Strengthened Australia has introduced a series of economic stimulus policies. If the subsequent economic data is positive, the market's confidence in the Australian dollar will increase, which will support the rise of AUD/USD. 3.3 The Possibility of the Weakening of the US Dollar Increases With the slowdown of US economic growth and the market's expectation that the Federal Reserve may implement loose monetary policies, if the subsequent non-farm payroll data is poor, the US dollar is likely to weaken, and AUD/USD will gain upward momentum. Overall, under the combined influence of various factors, AUD/USD has become more stable. Based on technical and fundamental analysis, as well as future market changes, AUD/USD is expected to rise. Investors can pay attention to market dynamics and operate at the right time. However, the foreign exchange market is highly volatile, and risk management should be carried out properly. 💎💎💎 AUDUSD 💎💎💎 🎁 Buy@0.59500 -0.59800 🎁 TP 0.62000 - 0.64000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Long
by BenGray9
ICPUSDT READY TO FLY AGAIN ?? ICPUSDT is currently forming a classic falling wedge pattern on the chart, which is widely recognized as a bullish reversal signal. The price has been compressing within this narrowing range and is now approaching a key point where a breakout is highly likely. With strong support being respected and buyers gradually stepping in, the setup is aligning well for a potential upside move. Volume levels have been steadily increasing, confirming growing investor interest in Internet Computer (ICP). This increasing participation from traders and investors alike can often serve as a reliable indicator that a breakout may occur soon. Technical indicators such as RSI and MACD are also hinting at a momentum shift that aligns with a bullish scenario. Given the strength of this chart formation and the positive volume dynamics, ICPUSDT could potentially see a price gain in the range of 90% to 100%+ from current levels. The risk-to-reward ratio is favorable, especially for those who are entering early before the breakout confirms with stronger candles above resistance. A retest of the wedge breakout, if it happens, could also provide a second opportunity to enter. ICP is also gaining traction among long-term investors due to its unique blockchain technology aimed at decentralizing the internet. The ongoing development and community support around the project adds more fundamental strength to this setup. Keep an eye on it for confirmation of the breakout! ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
COINBASE:ICPUSDLong
by Alpha-GoldFX
Basis for the Future Trend of EUR/USDThis analysis delves into multiple factors swaying EUR/USD. Trump’s April 2nd tariff executive orders pushed EUR/USD down as EU industries faced higher costs. April 4th non - farm payroll data strengthened the dollar, though a US economic slowdown capped its upside. Eurozone GDP, employment, and inflation data directly impacts the euro, and divergent EU - US monetary policies also matter. Presently, Eurozone inflation is moderate, and the ECB keeps rates stable. However, the US economy is decelerating. Although trade negotiations might ease tensions, fresh tariff measures could emerge. If US economic data surprises on the upside or the Fed tightens unexpectedly, EUR/USD could decline further. Amid such market volatility, investors must manage risks carefully. 💎💎💎 EURUSD 💎💎💎 🎁 Sell@1.09500 - 1.09800 🎁 TP 1.08600 - 1.08000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Short
by BenGray9
GOLD NEXT POSSIBLE MOVE.As you know FOMO increase in gold prices is starting to show signs of stopping due to concerns about economic recession Gold prices will continue to decline back to the price range below 3000, stabilizing the market again Technically: Based on the resistance and support areas of the gold price according to the H4 frame,, Zakir identifies the important key areas as follows: Resistance: $3054, $3076, $3105, $3135 Support: $2998, $2953. Best of luck to all.
TVC:GOLDShort
by Al-Zakir_Traders
#GALA/USDT#GALA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a bounce from the lower boundary of the descending channel, this support at 0.01443. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 Moving Average. Entry price: 0.1460 First target: 0.01476 Second target: 0.01500 Third target: 0.01530
Long
by CryptoAnalystSignal
EURUSD BULLISHPrice formed a Higher High, confirming an uptrend. Current pullback respected the Fibonacci 0.618 level, which often acts as a strong support zone during healthy retracements. We’re now expecting a Higher Low to form Bullish candle with strong wick rejection at 0.618 USD is under pressure due to expected Fed rate pause or potential cuts later this year. EUR is stable but watch for ECB commentary—hawkish tone supports EUR. DXY is weakening — supports EURUSD uptrend.
Long
by shahid767
EURUSD H4 | Bullish Bounce OffBased on the H4 chart analysis, the price is falling toward our buy entry level at 1.0842, a pullback support that aligns close to the 78.6% Fibonacci retracement. Our take profit is set at 1.0947, a pullback resistance. The stop loss is placed at 1.0731, a swing low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
EUR/USD Testing Demand Zone: What Are the Next Moves...?The EUR/USD currency pair is trading at the 0.5 Fibonacci retracement level on the 4-hour timeframe, indicating a potential point of support or resistance. This level is often referred to as the "golden zone," a critical area for traders looking for reversals or continuation patterns. When we examine the 15-minute timeframe, we can see that the price action is consolidating within a defined range. This consolidation suggests that market participants are indecisive, with neither buyers nor sellers gaining a clear advantage at this moment. To identify a potential trading opportunity, we should closely monitor the upper and lower boundaries of this consolidation zone. A break above the upper boundary could signal a bullish continuation, prompting us to look for long positions, especially if it's accompanied by increasing volume or other confirming indicators. Conversely, a break below the lower boundary may indicate bearish momentum, suggesting a potential entry for short positions. As we await a decisive breakout from this range, it's important to remain cautious and patient, ensuring that any trade setup aligns with our overall trading strategy and risk management protocols. Keeping an eye on external factors such as economic news or events can also provide additional context for making informed trading decisions.
by Kartik_Elkunchwar
A Calm Mind Sees Better – Gold OutlookPrice reacted strongly from the highs, showing signs of a shift in momentum. Watching the green zone closely—it’s an area of interest where the market might reveal its next intention. As long as the higher structure holds, there’s still room for continuation. No need to rush—sometimes, the best trades are the ones that come to you. Plan with patience. Let price lead. #XAUUSD #Gold #SmartMoney #PriceAction #SupplyDemand #ForexForecast #MarketStructure
OANDA:XAUUSD
by northernmonkeyscircle