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Gold --> Consolidation before the news. Increase trendOANDA:XAUUSD entering a strong growth phase after a false breakout from support as part of the correction process. The previous high at 3127 is now acting as a robust support for buyers. Strong news is about to be released... Fundamentally, the market is shifting towards defensive assets amid speculation from the WSJ that Trump is considering imposing global tariffs of up to 20% on most of the United States' trading partners while rejecting plans to scale back tariffs. This could create inflationary pressure and stagnation, weakening the dollar and bond yields, thus supporting gold prices. Central banks and investors continue to build positions in gold, but there may be some adjustments before the announcement of tariffs and the release of U.S. economic data. Theoretically, any reaction to U.S. data is likely to be short-lived, as the main event risk on the so-called 'Liberation Day' is Trump's major tariff revelation. The strong resistance level is at 3135. A breakout and consolidation above this level would foster continued growth. However, given the upcoming news, gold may test the area of interest and liquidity between 3025-3020 before further advancing.
FX:XAUUSDLong
by AdrianBennett
Nightly $SPY / $SPX Scenarios for April 3, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 President Trump's 'Liberation Day' Tariffs Implemented: On April 2, President Donald Trump announced a series of new tariffs, referred to as "Liberation Day" tariffs, aiming to address trade imbalances. These include a baseline 10% tariff on all imports, with higher rates for specific countries: 34% on Chinese goods, 20% on European Union products, and 25% on all foreign-made automobiles. The administration asserts these measures will revitalize domestic industries, though critics warn of potential price increases for consumers and possible retaliatory actions from affected nations. 📊 Key Data Releases 📊 📅 Thursday, April 3: 📉 Initial Jobless Claims (8:30 AM ET): Forecast: 225,000​ Previous: 224,000​ Measures the number of individuals filing for unemployment benefits for the first time during the past week, providing insight into the labor market's health.​ 📈 Trade Balance (8:30 AM ET): Forecast: -$76.0 billion​ Previous: -$131.4 billion​ Indicates the difference in value between imported and exported goods and services, reflecting the nation's trade activity.​ 🏢 ISM Services PMI (10:00 AM ET): Forecast: 53.0​ Previous: 53.5​ Assesses the performance of the services sector; a reading above 50 suggests expansion.​ ⚠️ 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
AMEX:SPYLong
by TrendTao
$RIOT / 3hEventually All Waves Settle!! #RiotPlatforms has worked well, rising by 17% in three consecutive days this week. According to the prior analysis in the same frame, NASDAQ:RIOT could have concluded the entire correction in its Minor degree wave 2 by an ending expanding diagonal in wave (c) of ((y)) on the Fib 1.618 expansion level (very close to the anticipated target at 6.87). And technically, continuing to advance towards the origin point of the diagonal wave((c)) at 11.92, that would trace out a five-wave sequence in an impulse as well will highly confirm turning the trend to the upward. Technical Initial Target >> 11.92 #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
2025-04-02 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: This is the event bears have prayed for, full blown trade war and this market is not positioned for any downside risk. Let’s see where we close this week. Below 21500 would be amazing but let’s close below 22000 first. current market cycle: trading range key levels: 21800 - 23000 bull case: Tbh, best bulls can hope for, is to stay above 22000. I can’t see this going above 22800 for the near future. If bulls do it, I am clearly wrong. Invalidation is below 21900. bear case: Bears got the event gift and now it’s about how fast do they want to get out of this. I expect the worst but stops for now are 22800. First target is a strong move below 22300, then bears need to break 22000 and print a lower low. If they do that, we most likely freefall to 22000. If things become real bad, we hit the big bull trend line from August tomorrow, likely around 21800. Invalidation is above 22800. short term: LFG. Trade small with wide stops. medium-long term from 2024-03-16: Germany takes on huge amount of new debt. Dax is rallying hard and broke above multi-year bull trends. This buying is as real as it gets, as unlikely as it is. Market is as expensive as it was during the .com bubble but here we are and marking is pointing up. Clear bull channel and until it’s broken, I can not pound my chest and scream for lower prices. Price is truth. Is the selling around 23000 strong enough that we could form a top? Yes. We have wild 1000 point swings in both directions. Look at the weekly chart. Last time we had this volatility was 2024-07 and volume then was still much lower. We are seeing a shift from US equities to European ones and until market closes consecutive daily bars below 22000, we can’t expecting anything but sideways to up movement. current swing trade: None trade of the day: Big up, big down. Triangle on the 4h chart and both sides made decent money today.
EUREX:FDXS1!Short
by priceactiontds
gbpusd📊 GBP/USD Analysis – Bullish Outlook with a Short-Term Correction The GBP/USD pair is in an uptrend and approaching a key resistance zone. A short-term correction is expected before the price resumes its upward movement from the 1.29578 support level. 📈 🔹 Resistance Zone: The red area where sellers may step in. 🔹 Key Support Level: 1.29578, which could serve as a potential buy entry. 🔹 Indicators: ✅ MACD shows weakening bullish momentum. ✅ Stochastic is in the overbought zone, signaling a possible correction. 📌 If the price breaks above this resistance zone, a stronger bullish move could follow! What’s your take? 💬🔥 #GBPUSD #ForexAnalysis #PriceAction #Forex
by rezaabdollahjahani
EUR/USD Coils Below Resistance at 1.0940The euro is attempting to build bullish momentum against the U.S. dollar, but the pair remains capped by key resistance at 1.0940. Today’s bounce to 1.0852 (+0.55%) keeps the pair above both the 200-day (1.0732) and 50-day (1.0603) SMAs, suggesting the broader structure has turned constructive. 🔹 MACD is flat, showing waning upside momentum. 🔹 RSI is trending upward, now at 60.13, approaching overbought territory. 🔹 Price is consolidating in a shallow bullish flag pattern above the 200-day average. A break above 1.0940 would confirm bullish continuation, potentially targeting 1.1050–1.1100. On the flip side, failure to clear resistance could prompt a pullback toward 1.0750 or the 50-day SMA. This consolidation is getting tighter – a breakout looks imminent. -MW
by FOREXcom
Tariff storm is comingGold is just like waiting for Trump's tariff announcement today, and the fluctuations are not big. As of now, gold is fluctuating around 3121, waiting for the tariff announcement data to guide the direction. The recent trend of gold has been bullish, and the retracement is to give opportunities to go long. Since breaking through the 3100 line this week, we have also been long at the 3100-3105 line many times, covering positions, and all of them have perfectly reached the profit target. Gold has also bottomed out twice. As I often emphasize to everyone, the technical adjustment of gold is not a reversal of the market. The trend is still bullish. If your current gold operation is not ideal, I hope to make your investment less detours. Welcome to communicate! From the 4-hour analysis, the short-term support below is around 3110-3116, and the focus is on the 3100-3105 line. The daily level stabilizes above this position and continues to maintain the low-multiple rhythm of the trend. The idea of ​​​​retracement to go long remains unchanged. Go long and hold the long space with the trend, and try not to go against the trend. I will remind you of the specific operation strategy during the session, and pay attention to it in time. Gold operation strategy: (Under the stimulus of tariff news, the operation strategy is subject to the interpretation of the news) 1. Buy gold when it falls back to 3110-3116, and continue to buy when it falls back to 3100-3105. The target is 3130-3135. Continue to hold if it breaks through;
OANDA:XAUUSDLong
by HarveyAckerman
Some history....GOLD HISTORY: 1970 TO 1980: Gold has a strong bubble rise that falls 50% when it breaks. 2001 to 2011: 10 year up trend Gold rises further with virtually no setbacks until 1919, but then collapses to $1019. 2015 to 2025: 10 year up trend still at the moment. The gold price has increased from $1019 in December 2015 to well over $3155 today without serious dips or pullbacks. It is easy to see why this attracts investors, especially when compared to the turbulence in the stock market over the same period of time. It is also easy to see why people might expect that gold will continue to rise after watching it gain consistently for well over a decade. However, history shows that asset prices cannot continue to go up indefinitely. There are always pull backs, crashes, and bear markets. The last time this happened to gold is a distant memory, but we all remember recent examples such as the tech stocks in the '90s and home prices in the '00s. Now, lets see Elliot wave principle. When an extending wave 5 ends ( we are at one at the moment), we will see a swift correction down to sub wave 2 of this wave 5. So, the opportunity presents in two ways. First, we know it will be a rapid correction, which means we will not have to wait long for realizing our profits. Secondly, we know approximately how far the down move will likely travel. At this moment , we are looking for the same escenario as 2008. Wave 3 travels 5.618 from wave 1, then wave 4 made a correction to the 38.2% zone, and finally wave 5 was equal to the entire previous 1-3 movement. This is what is happening right now as welll. It is always easier to identify assets that are bubbling than to predict when the bubble will pop. Gold has much more downside than upside at this point, but this has been true for years without slowing price gains. Home prices and tech stocks also suggest that bubbles can exist for years even after objective measures (e.g. P/E ratios or rent to buy ratios) show that markets are out of equilibrium. It is anybody's guess when gold will correct, but it is very likely that it will be ugly when it does.
OANDA:XAUUSD
by TRADINGACPVIP