Silver Update – April Rollercoaster Ends in Bullish Setup?What a month it has been for Silver also!
In early April, the metal broke down from a rising wedge pattern, triggering a waterfall drop of around 6,000 pips. The plunge took us right into the 28 zone, but the reversal that followed was nothing short of spectacular.
In just two trading days, Silver rocketed back above the key 30 level, and the rally didn’t stop there. By mid-month, it reclaimed the 32 support – a level previously broken during the drop.
📉 Last week, however, price action turned quiet compared to the volatility in Gold, with Silver entering a tight consolidation.
But here’s the key point:
➡️ Despite the sharp early-month drop, the structure is now bullish again and remains so as long as 32 holds.
💡 Trading Plan:
I'm looking to buy dips near 32 in anticipation of a breakout above 33.15 – the upper boundary of the recent consolidation.
If that level gives way, Silver could accelerate its gains and make a new attempt toward 35.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Futures market
Policies may drive the pace.Regarding the Federal Reserve Chair's statement indicating a halt to drastic interventions, it has, to a certain extent, bolstered the sentiment in the equity market, leading to an outflow of some funds from the gold market. Meanwhile, the market is also assessing the potential pace of subsequent policies. There remains a divergence in the market's expectations for Federal Reserve interest rate cuts in the coming months. The persistent phenomenon of policy stance reversals within the United States has resulted in inconsistent views on the macroeconomic outlook among market participants. Influenced by the aforementioned factors, after surging significantly to around $3,500 in the earlier period, the gold price experienced profit-taking. Technically, gold oscillated and declined all the way from around the high of $3,500 yesterday, reaching a low of $3,291, with a decline of over $200. In the short term, the decline in the gold price has halted, and the bullish sentiment persists. In actual trading, today, long positions were opened around the bottom of $3,302. After the decline in the evening, long positions can be further established.
If your current gold trading performance is not satisfactory and you hope to avoid detours in your investment, you are welcome to communicate and exchange ideas with us!
breakdown of chart analysis for XAU/USD (Gold Chart Analysis Summary
Pair: XAU/USD
Timeframe: 2H (2-Hour)
Trend: Recently broken bullish trendline (trendline break to the downside)
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Entry Point:
Sell Entry: Around 3,336.235
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Support & Resistance Levels:
Resistance Levels:
1. 3,336.235 – Previous structure, acting as immediate resistance after the trendline break
2. 3,354.275 – Recent high before the drop
Support Levels:
1. 3,280.059 – First major support zone (TP1)
2. 3,240.000 – Intermediate structure level
3. 3,201.285 – Final target (strong support zone)
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Take Profit Targets:
TP1: 3,280.059
Final TP: 3,201.285
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Trendline Break:
The ascending trendline was broken strongly, signaling potential shift to bearish momentum.
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Trading Plan to Share:
> Gold (XAU/USD) 2H Bearish Setup
Sell Entry: 3,336.235
TP1: 3,280.059
Final Target (TP2): 3,201.285
Resistance: 3,336.235 / 3,354.275
Support: 3,280.059 / 3,240.000 / 3,201.285
Price broke below the ascending trendline indicating potential bearish continuation. I’m targeting support zones below for a short-term and mid-term drop
Gold Swing Short Trade Setup**Gold Market Analysis: Potential Reversal Formation**
Gold is finally showing strong signs of a potential top formation after an extended bullish run. After weeks of anticipation, yesterday's price action delivered a significant rejection candle at the psychologically important 3500 level, which could indicate the reversal signal we've been waiting for.
It's essential to recognize that in a robust bullish rally, tops can take longer to form than initially expected, as we've observed recently. The market often exhibits both time and price extensions in such conditions. Nevertheless, the rejection at 3500 in conjunction with the current technical setup suggests that we may be seeing a reversal pattern taking shape.
**Trading Perspective:**
From a trading standpoint, I am currently awaiting a confirmation candle (a follow-up to yesterday's rejection) to validate that the top is in place. If we witness follow-through selling pressure today or tomorrow, it could present an excellent swing short opportunity, with the following targets established:
- **Target 1 (TP1):** 3295
- **Target 2 (TP2):** 3250
- **Target 3 (TP3):** 3200
- **Target 4 (TP4):** 3170
- **Target 5 (TP5):** 3070 (psychological support level)
Stay vigilant and ready for potential short opportunities as the market unfolds. Let’s see if the signals align for a successful trade. Happy trading! OANDA:XAUUSD OANDA:XAUUSD EIGHTCAP:XAUUSD EIGHTCAP:XAUUSD
X3: FUTURES NQ SCALP 1:1 Pending OrderFUTURES NQ SCALP 1:1FUTURES NQ SCALP 1:1 Pending Order
Risking 1% to make 1%
If price comes down and long not triggered: cancel it, I will update in comment.
NAS100, US100, NQ, NASDAQ short for day trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
Risking 1% to make 1%
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
Trump's remarks and policy moves: Stirring the financial marketsTrump's remarks have sent shockwaves through financial markets and had a substantial impact on gold prices😰! He declared that he would not dismiss Fed Chair Powell, yet simultaneously called for interest rate cuts. His prior threats to remove Powell had stoked fears among investors regarding the Federal Reserve's policy, compelling them to turn to gold as a safe haven, which caused the price of gold to soar🚀. However, his most recent statement alleviated investors' concerns, leading funds to flow back into dollar - denominated assets and causing gold to decline from its peak levels📉
When it came to trade, Trump showed signs of leniency during the talks with China, aiming to reach a swift agreement that would reduce tariffs by 145% (although not to zero)🤝. The past unpredictability in trade relations had driven up the price of gold, and potential future easing measures might dampen the demand for gold as a safe haven asset⏳
Currently, the upward movement of XAU/USD has been put on hold⏸️. A large amount of capital has rushed into the virtual currency market, resulting in a significant surge in the price of BTC📈
⚡⚡⚡ XAUUSD ⚡⚡⚡
🚀 Sell@3300 - 3280
🚀 TP 3260 - 3240 - 3220 -3200
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 💰
XAU.usd watch the 22's: 3,322 then 3,222 likely targets for dip Gold may have topped, unless bulls can hold $3,322.95
Looking for minimum first Target zone $3258.64-3259.57
After a bounce we may see another leg down to $3222.15
It topped "for good" then we will quickly hit major support $3062.69-3082.58
.
Previous Analysis that caught the last Bounce at $2,964 EXACTLY:
===================================================================
Gold shorts are rampant! Can the 3300 mark be maintained?Yesterday, the international gold price fell from 3,500 USD/ounce to 130 USD, breaking through several important support levels. As of today, the lowest price reached 0.328, around 3291, which has given up all the gains this week. Focus on 0.382, 3291, within the day. If there is no break, the bulls will resist. After the break, the bears will continue to attack and look at around 3243-3228.
Spot gold today's operation strategy and key points analysis
Core view: The daily pressure adjustment continues, pay attention to the effectiveness of 3293 support in the short term, and the 3228-3240 area may become the end point of the adjustment;
The rebound is mainly high-altitude, pay attention to the 3340-3356 resistance area, and maintain a bearish outlook before stabilization;
1. Spot gold intraday operation plan
Resistance and short-selling area
Rebound: 3340-3356-3471 (4-hour middle track and MA5 daily resistance golden section 0.236)
Strategy: If the rebound is under pressure near 3340 (hourly chart K-line closes negative or stagflation signal), try shorting with a light position, stop loss above 3358, and target 3293-3280.
Aggressive short order: If the rebound is unable to break through 3335 (MA10 hourly moving average), you can enter the market in advance.
Support and potential bottom-picking area
First support: 3291 (Daily MA10 382 retracement)
Observation signal: If it rebounds and recovers 3291 after a rapid decline, you can short (light position), stop loss 3285, target 3340.
Strong support area: 3228-3240 (50% retracement, previous starting point)
Strategy: When it touches around 3228 for the first time, combined with bottom divergence or long lower shadow, try long with light position, stop loss 3210, target 3280-3300.
Breakthrough market response
Unexpectedly break through 3358: If the hourly chart closes at 3358, short orders will be temporarily exited, pay attention to the counter-pressure of 3380 (4-hour middle track), and short orders can still be tried.
Potential opportunities for bottom-picking in the market: focus on 3240-3228-3167
IV. Summary
Main idea: rebound high and high, focus on 3340-3356-3371*, if it does not break, continue to adjust;
Bottom-picking opportunity: wait for the stabilization signal in the 3228-3240-3167 area, and it is safer to trade on the right side;
Short-term trading depends on the system, and the market depends on the level. Short-term trading is high frequency, fast in and fast out. It is obviously impossible to pursue a high success rate in this model. Therefore, it can only rely on the system to win. There is a clear trading system, stop loss and stop profit system and risk control system. As long as these are done well, short-term trading can also make money. Moreover, short-term trading is a compulsory course for every trader. The market is the core of the real path to profitability, leapfrogging and successful trading, which requires considerable accumulation and precipitation, including the accumulation of mentality, funds, and technical level, and the market is also the path that every trader must reach and must eventually reach and move towards.
MNQ!/NQ1! Day Trade Plan for 04/22/2025MNQ!/NQ1! Day Trade Plan for 04/22/2025
📈18210 18365
📉17910 17760
Thanks to all my followers! Truly appreciate the support!
Please like and share for more NQ levels Tues & Thurs 🤓📈📉🎯💰
*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
Educational - Rollback with ConfirmationI have a buy analysis on XAUUSD due to the formation of a strong reversal candlestick (bullish engulfing), which has broken out from the previous bearish structure. After this movement, the price returned to a Fair Value Gap (FVG) region, highlighted in blue, indicating a possible imbalance zone where buyers can return to action. The entry is positioned within this region, with a target on the previous tops, signaling an expectation of continued upward movement.
Gold extends slump as risk assets rallyGold has extended its slump, now off by more than $230 (-6.5%) from yesterday's record high of $3.5K. Unwinding of "Sell America" trades continue as risk assets rally on Trump's trade optimism.
Key levels to watch
With short-term support broken at $3,342, this level has already turned into resistance.
The next support was at $3,284. This level has just been taken out. Therefore, we could this level turn into resistance in the next few hours.
Untested old resistance at $3,245 is now the next downside objective. Below that $3,200 and then $3,167 (old resistance).
How to trade gold?
Trade gold from level to level, as it unwinds from significantly overbought levels. Could be a while before it starts trending higher again. Equally, given the long-term bullish trend, the bears should be looking to book profit some profit at every potentially key support.
By Fawad Razaqzada, market analyst with FOREX.com
Gold's Cup and Handle: Historical Analysis, post completionThe recent completion of a Cup and Handle pattern on Gold price action leaves an open question about the historical performance after such a technical formation plays out. While Cup and Handle patterns are generally considered bullish, there are legitimate historical reasons to question maintaining a long position after the pattern completes.
Pattern completion often marks exhaustion points
======================================
Historically, the completion of a Cup and Handle pattern indicates near term exhaustion of buying pressure rather than the beginning of a sustained move higher. This occurs because:
1) The pattern completion itself often represents the culmination of a buildup in speculative long positioning.
2) Technical traders who entered based on the pattern may take profits once their target is achieved.
3) The psychological milestone of completing the pattern can trigger selling from larger institutional players.
For example, the technical Bull flag of 2001 on completion saw a 40% following correction. Were that to happen on the Cup and Handle pattern upon completion price action would return to $1950
2001 Bull flag
Monetary policy transition periods
======================================
Historical analysis shows that gold's technical pattern reliability decreases significantly during periods of monetary policy transitions. If the Cup and Handle completion coincides with a shift in central back policy stance (particularly Federal Reserve policy), historical precedent suggest heightened risk of pattern failure.
Looking left, breakouts in the Bond market resulted in serious downside pressure for Gold price action, the Federal Reserve may not have a choice in the months ahead. Especially as the cost of servicing the debt grows and foreign entities increase Bond market selling pressure.
10 year Bond breakout
Conclusion
======================================
While the Cup and Handle pattern is traditionally viewed as bullish, historical data specific to gold markets suggest caution about maintaining long position immediately following pattern completion. The historical tendency toward mean reversion, pattern reliability concerns, volatility expansion, and correlation breakdowns all suggest that a more measured approach may be warranted.
Ww
Gold price stabilized again, trading around 3300⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) found fresh buying interest during the Asian session on Wednesday, pausing its pullback from the previous day’s record high near $3,500. Attempts by the US Dollar (USD) to rebound from multi-year lows faltered, as investor confidence in the US economic outlook continues to erode amid President Donald Trump’s erratic tariff policy shifts.
Additionally, growing expectations of more aggressive monetary easing by the Federal Reserve (Fed) have triggered renewed selling pressure on the greenback. This, in turn, has reinforced demand for the non-yielding yellow metal, helping gold regain upward momentum as investors seek shelter from mounting economic and policy uncertainty.
⭐️Personal comments NOVA:
The slowdown and downward adjustment of gold are inevitable. Profit-taking psychology and cooling news of tariffs and Russia-Ukraine military forces caused gold prices to fall.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3410- 3412 SL 3417
TP1: $3390
TP2: $3380
TP3: $3370
🔥BUY GOLD zone: $3281 - $3283 SL $3276
TP1: $3290
TP2: $3300
TP3: $3315
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD - $6,200+ BULL RUN?! (MONTHLY TF)I believe we’re in for another huge bull run towards Wave 5 ($6,200), after a Wave 4 correction towards $2,800. Waiting on a final move down to liquidate late buyers.
Confluences👇
⭕️Wave 3 Peaked at Psychological Number of $2,500 (LQ Point).
⭕️Wave 4 & 5 Pending.
⭕️Overbought Market Conditions.
Gold 1H Bearish Setup – Targeting 3,290 and 3,240 Support ZoneGold (XAUUSD) on the 1-hour chart has formed a bearish structure after rejecting the 1st Resistance zone, showing a clear break of structure (BoS) and change of character (ChoCh). Price is currently pushing lower, aligning with the bearish momentum and sitting just above the 1st Support Zone.
If price breaks below the 1st Support Zone, the next target would be the 2nd Support Zone, around the 3,240 area. Both zones are potential areas for a bullish reaction, but momentum favors further downside for now unless a strong reversal or consolidation forms.
- 1st TP (Take Profit): Around 3,290, which aligns with the 1st Support Zone. This is your initial target where you may expect partial profit-taking or a possible bounce.
- 2nd TP (Final Target): Around 3,240, located at the 2nd Support Zone. This is a stronger support area where price may either reverse or consolidate.
So for a sell setup from the current price (~3,330):
- TP1: 3,290
- TP2: 3,240