Gold Outlook: Bullish Bias Builds🧠 Combined Market Intelligence Report
Focus Asset: XAU/USD (Gold/USD)
Current Price: $3,381.65
🌍 Macro Overview: Key Weekly Market Themes
🏦 Central Bank Policy Divergence
Federal Reserve: Held rates steady; Powell struck a more cautious tone. Seven members now forecast no cuts in 2025. Rate cut probability softened early in the week, then revived after Fed Governor Waller hinted at a possible July cut.
Swiss National Bank (SNB): Cut rates to 0.00%, surprising markets and signaling potential for negative rates if needed.
Bank of Japan (BOJ): Maintained rates at 0.50%, slowed bond tapering, signaled caution amid trade and inflation uncertainty.
ECB & BOE: Mostly neutral/dovish tones. ECB may cut in 6 months; BOE remained split.
🧩 Implication: Diverging monetary paths and policy uncertainty support demand for neutral reserve assets like gold.
⚔️ Geopolitical Risk: Israel-Iran Conflict
Markets opened bullish on gold due to de-escalation signals from Iran, but risk-off sentiment returned midweek after:
Trump’s “unconditional surrender” demand
Iran’s “irreparable damage” threat
Reports of possible U.S. strikes
By Friday, Trump hit “pause” for 2 weeks of diplomacy.
🧩 Implication: Geopolitical tension is unresolved. Gold remains a top safe-haven hedge as military conflict risk persists.
📉 Macro Data Weakness
U.S. Retail Sales: -0.9% (vs. -0.4% expected)
U.S. Industrial Production: -0.2%
Philly Fed Manufacturing: -4.0
UK Retail Sales: -2.7% m/m
Eurozone Wage Growth: 3.4% y/y (missed expectations)
Australia Jobs: -2.5k (vs. +15k expected)
🧩 Implication: Global slowdown signals strengthen gold’s appeal as a defensive and inflation-hedging asset.
📊 Technical Outlook for XAU/USD (Gold)
🔹 Current Price: $3,381.65
🔸 Key Indicators (1D)
Indicator Value Signal
RSI 55.65 Slightly bullish (>50)
Stochastic %K / %D 51.23 / 53.33 Neutral zone
Williams %R -44.18 Mid-range, no strong signal
Bollinger Mid-Band 3,381.55 Price = BB midline (balance point)
Keltner Mid-Channel 3,381.94 Matching price (consolidation)
📍 Key Price Levels
Support: $3,360 → $3,345
Resistance: $3,410 → $3,430
Breakout Point: Close above $3,410 confirms upside momentum
Breakdown Point: Close below $3,360 confirms renewed selling pressure
📈 Forecast for Gold (XAU/USD) – Next 1–5 Days
🔮 Fundamental Bias: 🔼 Mildly Bullish
Unresolved geopolitical tension = sustained safe-haven flows
Global economic softness = pressure on real yields
Mixed Fed tone, SNB cut = supportive macro backdrop for gold
📉 Technical Bias: 🔁 Neutral to Bullish
RSI above 50, price above major midlines = buyers still in control
Consolidation at key pivot level ($3,381) suggests accumulation, not exhaustion
If price breaks above $3,410 and sustains, rally toward $3,430–3,460 is likely
If price breaks below $3,360, watch for a retest of $3,345–3,330 support zone
🎯 Final XAU/USD Forecast Summary
Time Frame Direction Price Targets Confidence Risk Catalyst
1–2 Days 🔁 Sideways-to-Bullish $3,390 → $3,410 Moderate News on Fed, Trump-Iran
3–5 Days 🔼 Bullish $3,430 → $3,460 High Breakout + geopolitics
Bearish Case 🔽 If < $3,360 $3,345 → $3,330 Moderate Peace deal + strong USD
⚠️ Trade Considerations
If bullish breakout (> $3,410) → potential swing trade toward $3,460
If failed breakout (< $3,360) → reversion trade toward $3,330
Avoid aggressive positions until volatility picks up, as current setup is range-bound with breakout potential.
The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Support and Resistance
GOLD (XAUUSD) – Daily Outlook for June 24, 2025Sunday’s open saw Gold gap nearly 200 pips due to rising US-Iran tensions, but the move was quickly filled as headlines cooled off. Despite the initial volatility, Gold has now broken its intraday bullish trend, closing below 3344.03.
I’m now expecting a potential test of the higher timeframe bullish trendline that has held since December 2024. If price taps into that zone, I’ll look for high-risk/high-reward buys at 3274.00.
Trade Setup:
HRHR Buys: 3274.00
Safe Buys: Break & hold above 3380.00
Safest Buys: Break above 3428.00
Bearish Bias: Below 3230.00 only
Until then, it’s a waiting game as we track structure and momentum.
Gold Fails to Hold the Fear – Ceasefire Triggers 500+ Pip DropIn yesterday’s analysis, I pointed out that despite the weekend escalation in the middle-east, which triggered a gap up in Gold, the price action didn’t confirm the fear narrative. Gold failed to hold its gains – a clear sign of weakness.
📌 What happened next?
Throughout the day, Gold attempted multiple pushes toward 3400 – but each effort was met with strong selling pressure.
Then came the ceasefire announcement… and Gold dropped hard, now trading around 3320, locking in over 500 pips of profit from my short setup.
________________________________________
❓ More importantly, what’s next for Gold?
More important than the short-term noise is what the charts are now telling us:
📉 Weekly chart? Bearish.
🕯️ Daily chart? Also turned bearish after last week’s indecisive price action.
________________________________________
📌 Strategy remains the same:
I continue to sell rallies, and I’m now watching the 3280 support zone for a possible test in the coming hours.
Patience. Discipline. Let the market come to you. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
XAUUSD: Likely rebound at major point within Ascending ChannelPrice is currently undergoing a corrective phase after being strongly rejected at the upper boundary of the ascending channel. The recent pullback has pushed price back to the lower boundary of the channel, where buyers are now attempting to step in.
If buyers manage to defend this support level, we could see a move toward the midline of the channel, with the next key target at 3,420 USD. A breakout above this midline would confirm the continuation of the bullish trend, potentially driving price back to the upper boundary.
However, failure to hold the trendline support could weaken the bullish outlook, leading to a potential breakdown and further downward pressure. Price action near this critical area will be key to determining the next directional move.
Traders should watch for candlestick patterns and volume confirmation. As always, effective risk management is essential when trading this setup.
If you have any thoughts on this setup or additional insights, feel free to share them in the comments!
CADCHF: Confirmed Bearish Trap?! 🇨🇦🇨🇭
There is a high chance that CADCHF will bounce from the underlined
blue support.
As a confirmation, I see a cup & handle pattern on an hourly time frame
that compose a bearish trap.
Goal - 0.5926
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
ETHUSDT minor trendsEthereum BINANCE:ETHUSDT is downtrend with lower highs from the bottom is nearly finished 📉 . For a stronger rise, it needs to stabilize above $2500 ⚡. Mid-term targets are $3300 (end of second leg) and $3700 (major resistance) 🎯. Key supports are $2500, $2070, $1800, and $1550, the base where the uptrend began 🛡️.
Supports & Resistances:
Supports: \$2500, \$2070, \$1800, \$1550
Resistances: \$2500 (critical level), \$3300, \$3700
Crude Could Rally to $75 — Entry Opportunity Still Alive at $68Brent Crude Oil is setting up for a potential bullish continuation on the 4-hour timeframe. After a sharp pullback from its recent high near $76.28, price found support around the $65.93–$66 zone—an area that previously acted as strong resistance and now serves as a bullish flip level. The price is consolidating above this reclaimed support and forming a base within the Ichimoku cloud, indicating a possible accumulation phase before the next leg higher.
Ichimoku components support the bullish outlook: the cloud remains green, the Tenkan-sen is curling upward, and price is stabilizing above both the Kijun-sen and the flat Senkou Span A. These are typically early signs of a bullish continuation. The bullish thesis is further strengthened by broader geopolitical risks, particularly Iran’s increased influence over the Strait of Hormuz, which remains a critical oil transit route. Any disruption in this corridor could immediately pressure global supply and send oil prices higher.
This aligns with recent bullish projections (not exactly with the pricing but with the intent): Citi forecasts Brent could reach $75–78 if Iran related disruptions cut 1.1 mbpd, while Goldman and JPMorgan warn $100–120+ spikes if the Strait of Hormuz is threatened. The Guardian notes the shipping chokepoint transports ~20% of global oil, and even brief disruptions could add $8–30 / barrel in volatility.
Trade Setup:
• Entry: $67–$68
• Stop-Loss: $65
• Take Profit: $75
This provides a risk-reward ratio of 1:4, with nearly 12% upside potential. Given the convergence of strong technical structure and real-world catalysts, this setup offers a compelling opportunity for bullish Brent traders aiming to catch the next breakout.
NZD/CADSince April, NZD/CAD has been consolidating within a defined range between 0.83198 and 0.81597. Recently, price has broken below the 0.81597 support level, indicating a potential shift toward a bearish trend. I am currently monitoring price action for confirmation through bearish engulfing candles or other reversal patterns before considering a short position.
While this setup appears promising, I remain cautious of potential false breakouts and will ensure continued bearish momentum before entering. I will be observing this pair closely over the coming sessions.
"Patience is not the ability to wait, but how you act while you're waiting." — Joyce Meyer
USD/CAD: Failed Break Leaves Bears in ControlWhether it’s Monday’s bearish pin candle, the rejection at the 50-day moving average, or what increasingly looks like an evening star pattern forming, directional risks for USD/CAD look to be skewing lower following the false break of 1.3750.
Those looking to position for renewed weakness could initiate shorts beneath 1.3750, with a stop above the level to guard against a reversal. 1.3650 and 1.3550 both stand as prospective targets, depending on the risk-reward profile you're seeking.
While momentum indicators are off their lows, with RSI (14) rolling over beneath 50 and MACD still in negative territory, the overall picture continues to favour downside over upside.
For those considering the setup, be aware Canadian inflation data will be released later Tuesday, with the key core rate (the average of the median and trimmed mean reads) expected to ease marginally to an annual clip of 3%. While offshore factors remain the dominant driver of USD/CAD moves, a stronger-than-expected result would likely benefit the trade.
Good luck!
DS
BTCUSDBTCUSD remains in a bullish leg with a projected target at 107,848, aligning with point B of a potential ABCD harmonic structure. Should price reach this level, we will closely monitor for a bearish reversal setup.
From a Smart Money Concepts (SMC) standpoint, we are identifying two key zones of interest for potential short entries:
A newly formed supply zone (order block) at 108,660,
The 107,848 level, corresponding with the anticipated completion of the B leg.
A valid short scenario will require confirmation through SMC triggers — such as a liquidity grab, followed by a break of structure (BOS) or change of character (CHOCH), ideally accompanied by displacement. Upon such confirmation, we will look to initiate short positions with appropriate risk management.
ETHEREUM → Rally and liquidity capture. Up or down?BINANCE:ETHUSDT.P is strengthening following Bitcoin. This is a reaction to developments in the Middle East, namely Trump's comments on peace. But there are doubts...
The crypto market is reacting to the situation in the Middle East, namely Trump's statements about peace. But apart from him, no one else is talking about peace. No agreements have been reached, so the level of risk is quite high.
Another nuance hinting at the general mood in the market: 66% of the largest traders on Hyperliquid are currently shorting crypto — Cointelegraph
ETH, technically, has stopped in the trend resistance zone as part of a local rally in the Pacific session.
If there is not enough potential to break through the trend resistance and the price forms a false breakout of 2390, the local trend may continue
Resistance levels: 2433, 2475
Support levels: 2390, 2313
The inability to continue growth will confirm the fact of bearish pressure (market distrust of the bullish momentum). The past momentum, in hindsight, can be considered manipulation (liquidity capture). Consolidation below 2390 may trigger a decline.
Best regards, R. Linda!
USDJPY InsightHello to all our subscribers.
Please share your personal opinions in the comments. Don't forget to boost and subscribe.
Key Points
- Iran launched a total of 14 missiles toward U.S. air bases, but most were intercepted. U.S. President Trump stated, "I want to thank Iran for giving advance notice and ensuring there were no casualties or injuries," and the market interpreted the event as a "staged confrontation" where Iran saved face.
- President Trump said on Truth Social, “Israel and Iran have fully agreed to a comprehensive and complete ceasefire.” Reuters, citing a senior Iranian official, reported that Iran accepted the ceasefire proposal mediated by Qatar and suggested by the United States.
- Iranian Deputy Foreign Minister Abbas Araghchi stated that "if Israel halts its 'illegal attacks' on Iran by 4 a.m. on the 24th (Tehran time), Iran has no intention to further respond." Israel has not yet made an official statement.
- Federal Reserve Vice Chair Bowman said, “If inflationary pressures continue to ease, I will support lowering the policy rate as early as the next meeting to bring it closer to a neutral level and to maintain a healthy labor market.”
Key Economic Events This Week
+ June 24: Testimony by Fed Chair Jerome Powell
+ June 25: Testimony by Fed Chair Jerome Powell
+ June 26: U.S. Q1 GDP
+ June 27: U.S. May PCE Price Index
USDJPY Chart Analysis
After breaking through the 145 level, the pair showed a sharp upward move and formed a peak around the 148 level before reversing downward. It is expected to form a bottom in the 144–145 range during this pullback and potentially rise to the 151 level. However, if it unexpectedly breaks below the 144 level, there is also a possibility it could fall to around 140.
Hong Kong 50: Bulls Back in Business Above 23,700Monday’s bounce from support at 23,200 has seen the Hong Kong 50 push above minor resistance at 23,700, generating a potential long setup to play the broader improvement in risk appetite seen in recent hours.
Longs could be initiated above 23,700 with a stop beneath for protection, initially targeting the June 12 high of 24,429. A break above that would open the door for a possible run towards the March 20 swing high of 24,895.
RSI (14) has broken its downtrend and remains above 50, suggesting bullish momentum may be starting to build again. While not yet confirmed by MACD, it’s beginning to curl back towards the signal line above zero, hinting that too may not be far away.
Good luck!
DS
Bitcoin Stock Chart Fibonacci Analysis 062325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 100,622/61.80%
Chart time frame:C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Zcash Stock Chart Fibonacci Analysis 062325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 38.3/61.80%
Chart time frame:C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Litecoin Stock Chart Fibonacci Analysis 062325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 81/61.80%
Chart time frame:C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
XLM Stock Chart Fibonacci Analysis 062325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 0.24/61.80%
Chart time frame:C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Doge Coin Stock Chart Fibonacci Analysis 062325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 0.15/61.80%
Chart time frame:C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$BTC Bullish Momentum Building Bitcoin has successfully broken CRYPTOCAP:BTC Bullish Momentum Building
Bitcoin has successfully broken above both the $100K support and the 50 EMA at $103K, showing strong signs of bullish continuation. A retest of $103K may occur, but structure now favors the upside.
🔸 Support Now at 103,000 – 100,000 (Acting as Support):
The breakout above $103K flips this zone bullish. If a retest holds, it confirms strength and could launch the next leg up.
🔸 Upside Target: 110,324 and Higher
Now that BTC is trading above $103K, a move toward $110K+ is likely. If momentum continues, a breakout beyond the previous high could follow.
🔸 Risk Level at 103K:
As long as BTC holds above this level on retest, bulls remain in control. A break back below would weaken the setup.
🔸 Outlook:
🔹 Watch for a successful retest of $103K – that’s your long trigger.
🔹 Target zone: $108K → $110K+
🔹 Invalidation: Close back below $103K
Momentum shifting bullish — setup favors continuation higher unless invalidated. Stay alert for breakout volume.
Ripple Stock Chart Fibonacci Analysis 062325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 1.96/61.80%
Chart time frame:B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.