Will Monday Bring a Breakout or a Correction?Last week was characterized by extreme volatility, with price movements reflecting significant reactions across different trading sessions. On Friday, the Asian session managed to push past the $3057 mark, only for early European trading to see a pullback. However, the US session reversed course, fueling a rally that extended until market close.
Key Levels to Watch on Monday
Looking ahead, the critical question is whether the Asian session can break above $3086, potentially paving the way for a push beyond $3100. If this breakout fails, we could see a price correction similar to Friday's, especially during European trading.
At present, I'm taking a cautious approach, observing the market while many anticipate further upside. While momentum appears strong, I prefer to wait for clearer confirmations before making a move.
Potential Scenarios
Breakout Above $3086
A successful push above this level could signal continuation toward $3100+, reinforcing the bullish sentiment.
Failure at $3086 – Potential Pullback
If the market struggles to sustain levels above $3086, a decline to $3076 is likely.
A break below $3076 could see further downside to $3067 and possibly lower.
Technical Indicators & Market Sentiment
RSI (1H): Currently at 52, indicating neutral momentum.
RSI (4H): Around 90, showing overbought conditions—especially following the Asian session rally.
Market Sentiment:
Many traders expect an upward continuation, but caution is warranted given overbought signals and the possibility of a correction.
External Factors: Tariffs & Global Trends
As we approach April 2nd, when new tariffs take effect, global markets have been showing signs of weakness. Uncertainty persists, and with gold acting as a safe haven, investors may seek protection, adding another layer of complexity to Monday’s price action.
Conclusion
The start of the week will likely be dictated by whether the Asian session can achieve a breakout above $3086. If it does, bullish momentum could drive prices higher. However, failure at this level could result in a correction, with key support levels at $3076 and $3067 in focus. Given the broader market conditions and upcoming economic events, a cautious approach remains prudent.
📉 Will Monday bring a correction, or is there still room for another rally? Share your thoughts in the comments! 🚀
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
Scenario
EURUSD - 2 ScenariosHello Traders !
On Tuesday 11 March, Th EURUSD reached the resistance level (1.09374 - 1.09058).
So, We have 2 Scenarios:
BULLISH SCENARIO:
If the market breaks above the resistance level and closes above that,
We will see a bullish move📈
TARGET: 1.11580🎯
BEARISH SCENARIO:
If the price breaks and closes below the neckline,
We will see a huge bearish move📉
TARGET: 1.06350🎯
USDJPY - BULLISH SCENARIOHello Traders !
On Thursday 20 FEB, The USDJPY reached the support level (149.356 - 148.639) and failed to break it !
So, We have a bullish scenario:
If the price breaks and closes above the lower high (150.733 - 150.469),
We will see a bullish move🚀
_______________
TARGET: 153.700🎯
USDCAD - BEARISH SCENARIOHello Traders !
The USDCAD failed to break the resistance level (1.45957 - 1.46900).
Currently, The price is trading in the support level (1.43100 - 1.42610).
So, Let's expect the bearish scenario :
if the market breaks the support level and closes below that,
We will see a huge bearish move📉
__________
TARGET: 1.41100🎯
HBAR/USDT: A Potential Super Long-Term Impulse Wave Take a look at this super long-term potential impulse wave for HBAR. This chart captures a massive Elliott Wave structure that could define the next big move in the crypto market.
We’re seeing the foundation of Wave 3, with the potential for a trend-defining breakout as HBAR progresses through its impulsive phases. The critical zone? A breach of the upper trend line would validate this structure and could signal higher highs on the horizon.
This isn’t just a week-to-week setup—it’s a multi-year roadmap. If the Hurst cycles align, we’re looking at one of the most promising long-term plays.
What’s your take? Do we see confirmation, or does this remain a dream scenario? Share your thoughts and follow for more long-term crypto insights! 🚀
USDCHF - 2 SCENARIOSHello Traders !
On Wednesday 18 Dec, The USDCHF reached the resistance level (0.90504 - 0.90114).
So, We have 2 scenarios:
BULLISH SCENARIO:
If the market breaks above the resistance level and closes above that,
We will see a bullish move📈
TARGET: 0.91250🎯
BEARISH SCENARIO:
If the price breaks and closes below the higher low (0.89137 - 0.89282),
We will see a huge bearish move📉
TARGET: 0.87900🎯
BITCOIN SCENARIOThis weakly candle is very very very important, there is a scenario that btc is registering higher low in Daily timeframe to push up price, but we should have a look on interest rates cut, its not time to be panic, the market is full of fear, dont sell your BTC to BIG GAME PLAYERS.
This analysis has only an educational aspect in the form of a possible scenario and is not published for signaling purposes.
EURUSD - BULLISH SCENARIOHello Traders !
On Wednesday 26 June, The EURUSD reached a support level (1.06661 - 1.06494) and failed to break it !
Let's expect the Bullish Scenario:
if the price breaks above the resistance level (1.07614 - 1.07436) and closes above that,
We will see a bullish move📈
TARGET: 1.08065🎯
GBPUSD - BEARISH SCENARIO Hello Traders !
On the daily time frame, The GBPUSD failed to break the resistance level (1.28570 - 1.28940)
Currently, The price is trading in support level (1.26756 - 1.27015).
Let's expect the bearish scenario:
If the price breaks and closes below the support level,
We will see a huge bearish move📉
-------------
TARGET: 1.25026🎯
EURUSD - BEARISH SCENARIO (New Double TOP)
As we talked in the previous analysis:
The Price Has Pulled Back to The Resistance Line.
At the moment, the market reached the resistance level (1.08375 - 1.08851) and failed to break it !
The price formed a new double top pattern.
So Let's expect the bearish scenario:
if the market breaks the neckline and closes below that!
We will see a bearish move
--------------
TARGET: 1.07500🎯
DOLLAR INDEX - BEARISH SCENARIO 📉Hello Traders !
On Wednesday 22 May, The Dollar Index reached a resistance level (105.123 - 104.915) and failed to break it!
Let's expect the bearish scenario:
If the price breaks and closes below the higher low
We will see a bearish move📉
-------------
TARGET: 104.210🎯
GOLD - BEARISH SCENARIO 📉Hello Traders !
On Thursday 16 May, The GOLD Price Reached a Strong Resistance Level (2399.695 - 2431.590).
Let's Expect The Bearish Scenario:
if The Market Breaks and Closes Below The Higher Low (2371.010 - 2378.610)
We Will See a Huge Bearish Move📉
-------------
TARGET: 2304.000🎯
EURUSD - BEARISH SCENARIO 📉
As We Talked in The Previous Analysis:
The Price Has Pulled Back to The Resistance Line.
Currently, The Market Created a New Higher Low.
So, Let's Expect The Bearish Scenario:
if The Price Breaks The Higher Low and Closes Below That,
We Will See a Bearish Move📉
_________
TARGET 1: 1.06670🎯
TARGET 2: 1.05755🎯
EURUSD - BEARISH SCENARIO 📉
As We Talked in The Previous Analysis:
The Price Broke The Support Level (1.07431 - 1.06950) .
On Friday 3 May, The Price Has Pulled Back to The Resistance Line.
So, Let's Expect The Bearish Scenario :
if The Price Breaks The Support Line and Closes Below That,
We Will See a Bearish Move📉
_________
TARGET 1: 1.06670🎯
TARGET 2: 1.05755🎯