Thu 10th Apr 2025 BTC/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim
Technical Analysis
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for selling opportunity around 0.85700 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85700 support and resistance area.
Trade safe, Joe.
Zinc (ZINC) – Technical Analysis 1WThe price has broken below the 1W trendline, confirming a bearish scenario. After a fake breakout, the price moved downward and is now targeting 2551 and 2283. A breakdown below these levels could accelerate the decline. RSI shows weakening momentum, MACD signals a bearish crossover, and EMA 50/200 suggest further downside. Fundamentally, zinc prices depend on industrial demand, macroeconomic conditions, and USD strength. The main scenario is a drop to 2551 and 2283, while a recovery above 2900 could push prices toward 3100.
BTC ANALYSIS📊 #BTC Analysis
✅There is a formation of Falling Wedge Pattern on 12 hr chart and currently trading around its major support zone🧐
Pattern signals potential bullish movement incoming after a breakout
👀Current Price: $78,150
🚀 Target Price: $84,900
⚡️What to do ?
👀Keep an eye on #BTC price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#BTC #Cryptocurrency #TechnicalAnalysis #DYOR
CRUDE OIL (WTI): Important Support Clusters to Watch
On a today's live stream, we discussed potentially significant
historic supports on WTI Crude Oil to watch.
Support 1: 57.0 - 59.0 area
Support 2: 52.5 - 54.6 area
Support 3: 48.8 - 50.4 area
Support 4: 40.6 - 43.7 area
The price is currently testing a lower boundary of Support 1.
It perfectly matches with a completion point of a harmonic ABCD pattern.
It looks like we may see some pullback soon.
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Markets On Edge: Gold Soars, Dollar Stumbles, Bitcoin Bounces 🔍 Midweek Market Outlook: What’s Driving DXY, Gold & Bitcoin Right Now?
We’re in the middle of one of the most eventful trading weeks of the year.
The U.S. Dollar is retreating under policy pressure
Gold has officially gone parabolic, smashing through $3,000
Bitcoin is pulling back hard, down nearly 30% from its highs
These aren’t just price moves — they’re reflections of real economic stress and shifting capital flows.
In this week’s outlook, I break down:
📌 The key macro drivers behind these moves
📌 How the latest inflation data, Fed tone, and geopolitics are shaping sentiment
📌 Why gold is rallying like it’s 1980 all over again
📌 And what traders should anticipate next on DXY, XAUUSD, and BTCUSD
If you trade or invest in these markets, this is one of those weeks where fundamentals can’t be ignored.
🧠 Insights. 🎯 Forecasts. 🛠️ Trade Prep.
Check it out — link in the comments.
NZDCAD: Bullish Move From Support 🇳🇿🇨🇦
There is a high chance that NZDCAD will go up from the underlined support.
As a confirmation, I spotted a cup and handle pattern on an hourly chart.
Goal - 0.792
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GOLD MARKET UPDATE – Trend Breakouts and Market Structure Shift🟡 GOLD MARKET UPDATE – Trend Breakouts and Market Structure Shift
Gold has broken through both the parallel ascending channel and a narrow triangle pattern at the edges, resulting in a strong buying momentum (FOMO BUY). This move can be attributed to a mild positive shift in the US stock market yesterday, along with some upward momentum in the Asian and European markets today.
📉 Current Situation: It’s still unclear whether this movement is tied to positive news about tariffs, but an important level to watch is 3075 – 3077. If this level is breached, it may be time to reassess the outlook and consider shifting towards a BUY.
💡 Currently, there’s strong buying activity during the European session. It’s recommended to avoid jumping into BUY positions at these levels and to refrain from selling too aggressively.
📌 Scenario for Today: Look for potential BUY opportunities at the important levels 3030 – 3018 during the European session, and stay tuned for updates regarding FOMC tonight.
🔮 Be Cautious: The FOMC meeting will take place later today, which could lead to significant market movements. Be prepared for potential volatility and liquidity sweeps in less liquid areas.
🧭 Key Technical Levels:
🔺 Resistance: 3075 – 3090 – 3110
🔻 Support: 3030 – 3018 – 3000 – 2988 – 2974
🎯 Trade Setup:
🔴 SELL ZONE: 3074 – 3076
SL: 3080
TP: 3070 – 3066 – 3062 – 3058 – 3054 – 3050 – 3040
🟢 BUY ZONE: 2976 – 2974
SL: 2970
TP: 2980 – 2984 – 2988 – 2992 – 2996 – 3000
📌 Reminder: The market is currently very sensitive, so stick to risk management rules, ensure full TP/SL implementation, and avoid making hasty decisions.
Be cautious and watch the market movements closely!
— AD | Money Market Flow
#BTCUSDT at a Turning Point: Volume, Pattern & Macro Analysis🚀 BYBIT:BTCUSDT.P is potentially entering the final phase of a correction, but key levels have not yet been broken or confirmed — caution and reliance on validated signals are essential.
✅ Technical Analysis:
📈 Overall Timeframe Context:
➡️ 1H (hourly chart): A “double bottom” structure is forming, suggesting potential for a local rebound. Volume is gradually increasing at the second reversal point (Bottom 2), confirming growing buyer interest. A resistance zone is forming near the POC (83,236.9), but the price has yet to firmly break above 77,000.
➡️ 4H (4-hour chart): A more distinct “double top” pattern (Top 1 / Top 2) has already played out. Price broke down from the sideways range, falling below the lower boundary of the rectangle. It is currently trading near the key support level of 74,907.8 with an attempt to bounce back upward.
➡️ 1D (daily chart): A key observation is the breakdown of the ascending wedge, followed by the formation of a falling wedge — a potentially bullish pattern. The price is testing the lower edge of this wedge. A sharp increase in volume may indicate the start of an accumulation phase.
📍 Key Point:
➡️ The 74,907.8 level has been tested twice with strong volume response, reinforcing its role as a critical support zone.
➡️ A large liquidity cluster around the 83,000–84,000 POC zone could act as a price magnet in the event of a reversal.
📊 Volume Profile Analysis:
➡️ Across all timeframes, the POC is shifting toward the upper part of the range, confirming that buyers previously dominated the market. Redistribution now appears to be underway.
➡️ Most of the volume activity has been concentrated in the 83,000–85,000 range — if price returns to this zone, strong resistance is expected.
🔄 Market Structure:
➡️ A transition is underway from a distribution phase to a potential accumulation phase.
➡️ The downtrend remains active on the daily chart, but there are signs of momentum slowing and attempts to form a bottom.
✅ Fundamental Analysis:
🌐 Macroeconomic Outlook:
➡️ In early April, discussions about a potential Federal Reserve interest rate cut are expected to continue — a moderately positive factor for risk assets, including cryptocurrencies.
➡️ BYBIT:BTCUSDT.P remains in the spotlight for institutional investors (with ongoing inflows into BYBIT:BTCUSDT.P ETFs), though geopolitical uncertainty and dollar liquidity pressure persist.
🏦 Capital Flows:
➡️ Trading volume remains high, but there is a lack of significant inflows, suggesting that major players may be adopting a wait-and-see stance.
📢 Recommendations for BYBIT:BTCUSDT.P :
📢 Closely monitor the price reaction in the 74,900–75,000 zone — a breakout or confirmation of support will determine short-term direction.
📢 The 78,279.2 level is a key resistance — its breakout could attract new buyers.
📢 Watch how price behaves within the falling wedge (1D); if the structure tightens and volume increases, a breakout may follow.
📢 Keep monitoring macroeconomic events — particularly U.S. inflation data and upcoming Fed meetings.
📢 Pay close attention to volume activity at local lows — this may be the key to spotting a trend reversal.
Will Gold Shine Again Once The Tariff Storm Is Settled?Macro:
- Gold prices have fallen since Trump's 'Liberation Day' tariff announcement, as global stock market pressure and hedge fund margin calls forced asset liquidations, including gold.
- Despite the short-term drop, gold remains a key medium-term hedge against recession risks and ongoing uncertainty once markets stabilize.
- High volatility may persist until tariff disputes are resolved and central banks clarify potential support measures.
Technical:
- XAUUSD fluctuates within the range of 2957-3055. The price is between both EMAs, indicating an intact sideways structure.
- If XAUUSD breaks below the support at 2957, the price may retest the following support at 2880.
- On the contrary, breaking above 3055 may lead to a record-high retest at around 3135.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
#NIFTY Intraday Support and Resistance Levels - 09/04/2025Today will be slightly gap down opening expected in nifty. After opening if nifty starts trading below 22450 level then possible sharp downside rally in index upto 22250 level. 22250 will act as a strong support for today's session. Any major downside in index expected below this support level. Upside rally expected if nifty starts trading and sustain above the 22550 level in today's session
[INTRADAY] #BANKNIFTY PE & CE Levels(09/04/2025)Today will be flat opening expected in index. After opening if banknifty sustain above 50550 level then expected upside movement upto 50950 in today's session. Major downside expected if banknifty starts trading below 50450 level. This downside rally can goes upto 50050 support level. 50000-50050 is the important support for index. Any Strong downside only expected below this support zone.
Nightly $SPY / $SPX Scenarios for April 9, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸📈 Implementation of New U.S. Tariffs: As of April 9, the U.S. has imposed a 104% tariff on Chinese goods, escalating trade tensions and raising concerns about a potential global economic slowdown.
🛢️📉 Oil Prices Decline Sharply: In response to escalating trade tensions, oil prices have fallen nearly 4%, reaching their lowest levels since early 2021. Brent crude dropped to $60.69 per barrel, while West Texas Intermediate (WTI) declined to $57.22.
📊 Key Data Releases 📊
📅 Wednesday, April 9:
📦 Wholesale Inventories (10:00 AM ET):
Forecast: 0.3%
Previous: 0.8%
Indicates the change in the total value of goods held in inventory by wholesalers, reflecting supply chain dynamics.
🗣️ Richmond Fed President Tom Barkin Speaks (11:00 AM ET):
Remarks may shed light on economic conditions and policy perspectives.
📝 FOMC Meeting Minutes Release (2:00 PM ET):
Provides detailed insights into the Federal Reserve's monetary policy deliberations from the March meeting.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
#VOXELUSDT is in an uncertain zone📊 BYBIT:VOXELUSDT.P Scenario – Potential for Movement in Both Directions!
🚀 BYBIT:VOXELUSDT.P is forming a bullish Falling Wedge pattern — a breakout to the upside could provide a great risk/reward long opportunity!
At the current stage, the BYBIT:VOXELUSDT.P market is shaping a scenario where both directions — long or short — are possible, depending on the reaction to key levels.
✅ Overview
➡️ The chart shows two key formations:
🔻 Bearish Pennant – a bearish continuation pattern, which has already played out to the downside.
🔻 Falling Wedge – a potentially bullish pattern, and price is now near the lower boundary of the wedge.
➡️ A weak bounce on volume is visible, and price is approaching a key resistance zone — a potential target if the wedge breaks out upward.
➡️ If the wedge plays out, a bullish impulse is expected.
Timeframe: 1H
📈 LONG BYBIT:VOXELUSDT.P from $0.03406
🛡 Stop loss: $0.03322
🎯 TP Targets:
💎 TP 1: $0.03456
💎 TP 2: $0.03526
💎 TP 3: $0.03586
➡️ This scenario becomes viable if price breaks and consolidates above the $0.03126–$0.03200 zone, opening the path toward the POC zone at $0.03676.
➡️ Volume should increase on the breakout to confirm momentum.
📉 SHORT #VOXELUSDT from $0.03016
🛡 Stop loss: $0.03126
🎯 TP Targets:
💎 TP 1: $0.02960
💎 TP 2: $0.02900
💎 TP 3: $0.02860
➡️ This scenario activates if the price fails to rise and pulls back below $0.03000.
➡️ Volume should confirm seller pressure.
➡️ The chart shows lower highs — risk of further decline remains.
📍 The price is currently in a critical decision zone , between the short entry level and the potential breakout zone for a long.
📍 The support below is strong — it has held the price several times already. No clean breakdown has occurred yet, which increases the chances of the wedge breaking upward.
📍 Avoid rushing into a position — wait for a clear confirmation in either direction (e.g., strong impulse on volume and consolidation above/below key levels).
📢 General advice on this asset:
📢 Wait for direction confirmation — both long and short setups are valid.
📢 Stay flexible and adjust to the move.
📢 Manage your risk carefully — do not enter without a signal.
🚀 BYBIT:VOXELUSDT.P is in an uncertain zone — the signal could play out in either direction. Watch the key levels and enter only after confirmation!
Foundation of Technical Trading: What Makes a Chart Tradable?The Foundation of Technical Trading
There is an abundance of information on price charts, technical methods, indicators, and various tools. However, the required first step is to understand basic market structure. Without this foundational knowledge, technical applications risk becoming inconsistent and disconnected from broader market behavior.
It is also important to question whether technical charts and tools are effective at all. What makes the market responsive to a trendline, a pattern, or an indicator? And why, at other times, do these tools seem entirely irrelevant? Is the market random? If certain events are predictable, under what conditions can such occurrences be expected?
Experiment: Random Charts
Here is an illustration of four charts; two showing real price data and two randomly generated. While some visual distortion gives away subtle differences, there are more refined methods to construct this experiment that makes telling the difference between real and random almost impossible.
All these charts show viable patterns and possible applications. When presented with these, even experienced people tend to construct narratives, whether or not structure is present. This raises a fundamental question; how can one distinguish real occurrences from coincidental formations on a chart? In case all movements are considered random, then this should indicate that applied methods perform no better than coincidence?
Bias and Distortion
It’s also important to comprehend the influence our perception. As humans we are wired to find patterns, even in random data, which can lead to various cognitive biases that distort our interpretation. For example, confirmation bias may lead us to focus only on evidence that supports our expectations, while apophenia causes us to see patterns where none exist. Similarly, hindsight bias can trick us into believing past patterns were obvious, which can develop overconfidence in future decisions. Awareness of these biases allows us to approach technical tools and charts with greater objectivity, with more focus on probabilistic methods and calculated risks.
Experiment: Random Levels
Perform the following experiment; open a chart and hide the price data. Then draw a few horizontal lines at random levels.
Then reveal the price again. You’ll notice that price can touch or reverse near these lines, as if they were relevant levels.
The same thing can happen with various indicators and tools. This experiment shows how easy it is to find confluence by chance. It also raises an important question, is your equipment and approach to the markets more reliable than random?
Market Disorder
Financial markets consist of various participants including banks, funds, traders and algorithmic systems. These participants operate with different objectives and across multiple timeframes resulting in a wide range of interpretations of market behavior. Trades are executed for various reasons such as speculation, hedging, rebalancing, liquidation or automation; directional intent could be unclear. For instance, the prior may serve to offset exposure, and portfolio rebalancing could require the execution of large orders without directional intent.
Technical and chart-based trading likely makes up a minor segment of the overall market; even within this subset, there is considerable variation in perception and interpretation. There could be differences in timeframe, reference points, pattern relevance and responses to similar information. The market is broader, more complex and less definitive than it appears. The point is that markets contain a high degree of structural disorder, which means most assumptions should be questioned and perceived as estimative.
The effect of buying and selling pressure on multiple timeframes sets the foundation for oscillation in price movements, rather than linear and monotonic movements. This pattern of rising and falling in a series of waves sets the points for where the current structure transitions between balance and imbalance. An overall equilibrium between buying and selling pressure results in consolidative price movement, whereas dominance leads to trending or progressive movement.
Volatility Distribution
To answer the main question: What differentiates real market behavior and charts from random data, and ultimately makes it tradable, is the distribution of volatility. This forms the basis for the phenomenon of volatility clustering, where periods of high volatility tend to follow high volatility, and low volatility follows low volatility. It is rare for the market to shift into a volatile state and then immediately revert to inactivity without some degree of persistence. Research supports the presence of this volatility persistence, though with the important caveat that it does not imply directional intent.
Volatility Cycles
These phases tend to occur in alternation, known as volatility cycles, which set the foundation for tradable price structures. This sequence consists of a contractive phase, marked by compression in price movements, followed by an expansive phase, characterized by increased volatility and directional movement. The alternation reflects shifts in underlying buying and selling pressure. This behavior offers a practical approach to interpret market behavior. A more detailed explanation of the concept could be explored in a future post.
Conclusion
While the idea of profitability through technical trading is often questioned, it remains a viable approach when based on sound principles. The edges available to the average trader are smaller and less frequent than commonly presumed. The concepts of volatility and the ability to locate areas of imbalance forms the basis for identifying conditions where market behavior becomes less random and more structured. This sets the foundation for developing technical edges.
The content in this post is adapted from the book The Art of Technical Trading for educational purposes.
NZDUSD: Support & Resistance Analysis and Key Levels 🇳🇿🇺🇸
Here is my latest structure analysis and
important supports & resistances on NZDUSD.
Support 1: 0.5506 - 0.5538 area
Support 2: 0.5470 - 0.5479 area
Resistance 1: 0.5644 - 0.5683 area
Resistance 2: 0.5796 - 0.5854 area
Consider these structures for pullback/breakout trading.
❤️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.
Ripple May Face Another Rally This YearRipple with ticker XRPUSD hit all-time highs for the final blue wave V as expected, so we should be aware of limited upside this year. However, despite recent slowdown, which we see it as an ABC correction within red subwave (IV), there can still be room for another rally this year, at least up to 4-5 area to complete final subwave (V) of V of an impulse on a daily chart.
Levi Strauss Drops to $13.5 Despite Strong Q125 Earnings Report Levi Strauss & Co. (NYSE: NYSE:LEVI ) closed at $13.50 on April 7, falling 2.81%. Despite strong Q1 results, macroeconomic pressures and tariff-related uncertainties weighed on the price.
In its Q125 earnings report released on April 07th, 2025, the company reported a 9% organic net revenue growth in Q1 2025. Direct-to-consumer sales rose 12%, driven by strong e-commerce activity. Wholesale revenue increased 5%, with the U.S. segment growing by 8% and international sales rising 9%.
Levi achieved a record gross margin of 62.1%, up 330 basis points from last year. Adjusted EBIT margin expanded by 400 basis points to 13.4%. The adjusted diluted EPS came in at $0.38, marking a 52% year-over-year increase.
SG&A expenses grew 2% to $744 million while inventory levels were up 7% from last year. The company also declared a dividend of $0.13 per share, up 8%.
In regional performance, the Americas led with an 11% increase in revenue. The U.S. segment alone contributed an 8% rise. Europe posted a 3% gain, led by growth in the UK and Germany. Asia saw a 10% revenue increase, with a 14% boost in direct-to-consumer sales.
Despite strong numbers, challenges persist. The company shut down 21 net stores, including 51 franchisee locations in China. The China business was flat year-over-year. Moreover, tariff-related risks remain a concern, potentially impacting pricing and margins.
Technical Analysis: Stock Near Double Support in Descending Channel
NYSE:LEVI is trading within a descending channel from its $24.34 high recorded in June 6th 2024. Price action shows consistent lower highs and lower lows. Currently, the stock is approaching a double support zone around $12.0 to $13.0. This area has acted as a strong floor in past cycles.
Its 3-day RSI currently reads at 26.32, signaling oversold conditions. This could indicate a potential bounce if the support zone holds.
If the price breaks below the $12.0 level, the next downtrend could open and target the $11 or $10 psychological level.
Next Move: Bullish Breakout or Bearish Continuation?
Should the price hold support, a short-term reversal may follow, with resistance at $15.25, and then the descending channel upper band at around $17.00.
A confirmed break above $17.00 would shift momentum to the upside. Until then, the downtrend remains intact. Volume during the recent drop reached 10.7 million shares, showing strong selling interest.
The next earnings report is expected between June 24 and June 30. Watch for signs of reversal or further decline near this key support.
Ethereum Future: Limited Upside Ahead?Ethereum price dropped roughly 25% since April 2 due to an overall market crash following Trump’s tariffs implementation.
Compared to the almost 40% drop back in February after the first tariff announcement, this time the correction wasn’t as harsh or brutal.
So what can we expect next from Ethereum in the coming weeks?
The main hope for ETH price remains the upcoming Pectra upgrade.
Historically, major Ethereum upgrades have acted as bullish catalysts — for example, ETH roughly doubled in price ahead of both the Merge and the Shanghai upgrade.
If history rhymes, we could see a similar pre-upgrade pump this time too.
However, even if that rally materializes, I expect it to be limited to the $3,000–$3,400 range. The market lacks the kind of momentum or macro tailwinds needed to push ETH beyond 4k in this cycle — unless there’s a major shift in sentiment.
Overall, I remain cautious. The broader crypto market seems to be rolling over, and Ethereum hasn't even reclaimed its ATH.
With the next bear cycle approaching, long-term bullish targets might need to be revised — at least for now.
Short-term bounce possible thanks to Pectra hype, but don’t expect miracles. ETH likely capped below 3.4k unless something big changes.
ETH ANALYSIS🔮 #ETH Analysis :: Support & Resistance Trading
💲💲 #ETH is trading between support and resistance area. If #ETH sustains above major support area then we will a bullish move and if not then we will see more bearish move in #ETH then could expect a pullback.
💸Current Price -- $1564
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR
GOLD MARKET OUTLOOK – Investor Panic After Fake News🟡 GOLD MARKET OUTLOOK – Investor Panic After Fake News, Bearish Bias Remains
📉 Current Strategy: Focus on SELL setups at key resistance zones – short-term bearish outlook remains valid
📌 US Session Recap:
Gold saw a sharp sell-off after a fake news report circulated about the US delaying its planned tariff policy.
→ While the White House later confirmed it was misinformation, the damage was done — panic selling hit across global markets.
💥 As a result, gold dropped aggressively and reached the 295x zone, aligning perfectly with AD’s previous short bias.
Meanwhile, US equities also continued to bleed red.
🧠 Market Sentiment: “Cash is King” is Back
With global instability and fear on the rise:
🔹 Investors are hoarding cash
🔹 USD demand increases, along with inflows into US government bonds
🔹 Risk assets like gold, stocks, and crypto are being dumped
💡 This could be part of Trump’s larger play — forcing global capital to flow back into US Treasuries while applying pressure on speculative markets.
🔮 AD’s View:
Unless we see a clear shift in investor sentiment, the base case remains: → Sell rallies through midweek, then reassess.
🧭 Key Technical Zones to Watch:
🔺 Resistance: 3005 – 3016 – 3035 – 3056 – 3076
🔻 Support: 2980 – 2969 – 2956 – 2930 – 2912
🎯 TRADE PLAN:
🟢 BUY ZONE: 2930 – 2928
SL: 2924
TP: 2934 – 2938 – 2942 – 2946 – 2950
🔴 SELL ZONE: 3034 – 3036
SL: 3040
TP: 3030 – 3026 – 3022 – 3018 – 3014 – 3010 – ???
📌 Keep an Eye on DXY:
The US Dollar Index is currently testing a major 3-year support level.
→ If equities fail to recover and fear persists, DXY could bounce — and gold would likely continue its correction lower.
⚠️ Final Note:
We’re in a highly volatile and uncertain environment.
→ Stick to the plan. Respect your SL/TP levels. Avoid emotional decisions.
—
📣 Found this perspective useful? Follow for daily macro-backed trade ideas and real-time market structure breakdowns.
Clarity. Consistency. Risk Management.
— AD | Money Market Flow
Gold Rejects Channel Highs — Retracement to $3,000 Before HigherGold has printed another clean rejection at the upper boundary of a short-term ascending channel on the 6H timeframe. This latest rejection adds further validity to the structure, suggesting that we may now see a healthy technical pullback toward the equilibrium line of the channel — and potentially down to the lower support boundary near the $3,000 psychological level.
Technical Outlook:
Another rejection from channel resistance confirms structural validity.
1:4 risk-to-reward short opportunity with clear invalidation and confluence.
Targets:
– TP1: $3,005 — channel midline + psychological level
– TP2: $2,955 — previous swing high + dynamic quarterly support
$3,000 psychological levels are often retested before continuation.
Fundamentals & Geopolitical Context (as of April 1, 2025):
Gold's Macro Bull Trend Remains Intact
Despite this short-term setup, the broader macro backdrop continues to support gold:
– Central banks accumulating gold amid global de-dollarization
– Real yields remain negative across key regions
– Oil trading above $100 fuels inflationary pressure
Geopolitical Flashpoints Supporting Volatility
– Russia-Ukraine war shows no signs of easing
– Middle East tensions rising (Israel–Hezbollah conflict)
– Taiwan-U.S.-China escalation continues post-military exercises
Bitcoin Weakness = Gold Rotation Potential
– BTC struggling at $70K, showing early signs of distribution
– Miner pressure increasing ahead of halving
– Targeting possible correction to $50K = capital rotation into gold
Conclusion:
Technical rejection at resistance aligns with macro expectations of a short-term pullback.
$3,000 key psychological level likely to be retested before further upside.
Gold remains in a macro bull market; this move is likely corrective within a larger expansion leg.
Long Term Gold Bull Target $4,200:
Previous Long (Target hit and closed at $3,100):
Previous Intra Long (Target hit and closed at $3,100):