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#202518 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. comment: Only Thursday was bullish and right now market is trying to decide if this breakout was legit or not. If bulls can stay above 95000, the breakout above has a higher chance of being succesful. Below 94000 it has likely failed and I favor the bears for more downside. current market cycle: weekly chart says continuation of the bull trend but i highly doubt it. much more likely we are in a big trading range 73000 - 110000 key levels: 85k - 100k (if bears somehow manage to get below 85k again, we test 80k next) bull case: Bulls want this breakout to be the start of the third leg up for 100000. That’s all there really is to it. Bull trends need higher lows and higher highs and if bulls fail to prevent the market from falling below the breakout bar under 94000, this was likely a bull trap. Invalidation is below 94000. bear case: Bears want a trading range 70000 - 98000 and not let market hit 100000 again because that would for sure attract more degenerates again. Bears really don’t have much here until they print a decent bear bar that gets below 94000. This looks as bullish as can be and above 98000 I expect 100k to be hit. Invalidation is above 101k. short term: Neutral. Below 94000 it’s likely a failed breakout and above 97000 we can expect 100000 or more. Above 100000 there would not be a reason not to go for a new ath, same as for other markets like dax. medium-long term - Update from 2025-04-13: Bear targets for this year are met. Now we likely range before we get new impulse to either side. I wait for market reaction around 100000 before I write more here. For now my assumption is still that this will be a trading range 73000 - 100000 for longer than a retest or even new highs.
CRYPTO:BTCUSD
by priceactiontds
1
GOLD MARKET ANALYSIS AND COMMENTARY - [May 05 - May 09]This week, the international OANDA:XAUUSD has dropped sharply from 3,352 USD/oz to 3,201 USD/oz and closed the week at 3,240 USD/oz. The reason for the sharp drop in gold prices is that US President Donald Trump said that the US is about to reach a trade agreement with India, Japan, South Korea, and is likely to reach a trade agreement with China, although the two sides have not had any official negotiations. In addition, an equally important factor is that China is on holiday from May 1 to May 5, so the demand for transactions in the world's largest gold consuming country is almost non-existent. While they have been continuously buying before even though the gold price was high. The FED meeting on May 6-7 may have a strong impact on gold prices next week. US GDP in the first quarter grew by -0.3%, while the labor market still has potential tariff risks; inflation remains stable at a high level. With these data, it is likely that the FED will maintain interest rates at current levels, but may signal that a rate cut is coming soon. According to many experts, if the FED signals that it will cut interest rates after the meeting next week, it will push gold prices to recover next week. On the contrary, if the FED maintains a wait-and-see attitude, declaring that it is not in a hurry to cut interest rates, then gold prices next week may continue to adjust. 🕹SOME DATA THAT MAY AFFECT GOLD PRICES THIS WEEK: Next week, all eyes will be on the Federal Reserve’s monetary policy meeting on Wednesday, with an interest rate decision and a press conference from Chairman Jerome Powell following keynote remarks earlier in April. Fed officials will then continue their participation in the Reykjavik Economic Conference in Iceland on Friday. Fed Governors Michael Barr, Lisa Cook, Philip Jefferson and Christopher Waller will be present at the conference as speakers in panels on topics including artificial intelligence, employment and monetary policy research. In addition, investors will also watch the ISM services PMI on Monday morning and the weekly jobless claims number on Thursday. 📌Technically, if gold prices fall below $3,200/oz next week, there is a possibility of a further decline to $3,129/oz. A deeper correction could see gold prices fall to $2,980-$3,000/oz next week. If gold prices reverse and break the $3,270/oz barrier, they could continue to rise above $3,350/oz. Notable technical levels are listed below. Support: 3,228 – 3,163USD Resistance: 3,245 – 3,267 – 3,292 – 3,300USD SELL XAUUSD PRICE 3311 - 3309⚡️ ↠↠ Stop Loss 3315 BUY XAUUSD PRICE 3119 - 3121⚡️ ↠↠ Stop Loss 3115
OANDA:XAUUSD
by Xayah_trading
GOLD recovers to initial target, confirmation point continuesOANDA:XAUUSD surged in the first half of trading on Monday (May 5), briefly surpassing the $3,270/ounce mark and marking a daily gain of more than $30. as uncertainty over U.S. tariffs spurred safe-haven flows, supporting gold prices. The Federal Reserve’s interest rate cut in June is also boosting the appeal of non-yielding gold. Bloomberg reported on Monday that US President Donald Trump plans to impose a 100% tariff on all foreign-made films, which is not a huge deal, but it does escalate the trade war. "I am authorizing the Department of Commerce and the United States Trade Representative to immediately begin proceedings to impose a 100% tariff on all foreign-made films imported into the United States," Trump wrote on his Truth Social social media platform. "We want our movies made in the USA again!" Gold prices have risen nearly 25% this year, hitting a record high above $3,500 an ounce in April, but have retreated in recent weeks. Bloomberg notes that factors driving gold’s recent rally include safe-haven buying fueled by Trump’s destructive trade and geopolitical policies, as well as speculative demand from China and buying by global central banks. According to CME's "Federal Reserve Watch" on May 5: The probability of the Federal Reserve keeping interest rates unchanged in May is 96.8%, and the probability of cutting interest rates by 25 basis points is 3.2%. The probability of the Federal Reserve keeping interest rates unchanged until June is 63.3%, the probability of cutting interest rates by 25 basis points is 35.6%, and the probability of cutting interest rates by 50 basis points is 1.1%. Technical outlook analysis OANDA:XAUUSD On the daily chart, gold is still bullish as the price action remains above the important support EMA21. At the same time, the price channel that is noted as the main long-term trend channel remains stable. On the other hand, the Relative Strength Index (RSI) is also showing signs of weakness as it falls to approach the 50 level, which is noted as the closest support in terms of momentum. Going forward, if gold rebounds above $3,245, it could rebound to the short-term target of $3,267, more than the 0.382% Fibonacci retracement level, and then the full price point of $3,300. As long as gold remains within the price channel, its long-term trend remains bullish, but the risk of a deeper correction is when the 0.50% Fibonacci retracement level is broken below, once this level is broken below gold is at risk of further selling to $3,163 in the short term. This also means that technically gold is in an ideal support area for bullish expectations, long positions should be protected below the 0.50% Fibonacci retracement level. In the coming period, gold has technical conditions that favor a bullish recovery, and the notable points will be listed as follows. Support: 3,245 – 3,228USD Resistance: 3,267 – 3,270 – 3,292USD SELL XAUUSD PRICE 3304 - 3302⚡️ ↠↠ Stop Loss 3310 →Take Profit 1 3296 ↨ →Take Profit 2 3290 BUY XAUUSD PRICE 3173 - 3175⚡️ ↠↠ Stop Loss 3169 →Take Profit 1 3181 ↨ →Take Profit 2 3187
OANDA:XAUUSDLong
by Xayah_trading
1
Gold Setup: Range or Rip? Here's the PlaybookGold’s been on a tear lately — driven by safe haven demand as real yields soften and global uncertainty lingers. But here’s where things get interesting... We’re now watching what could be a textbook head and shoulders pattern start to take shape. 📊 Current Range: Right now, price is stuck between 3380 and 3280 — and it’s acting like it knows it. ⚡ Possible Scenarios: 🔁 Scenario 1: Range Play Short near 3380 Long near 3280 Let it ping-pong and catch the edges. 📈 Scenario 2: Breakout Long Confirmation above 3380 Look for momentum follow-through into 3420+ 📉 Scenario 3: Breakdown Short Break below 3280 Eyes on the 3220s for a potential flush 🧠 The key? Drop to the lower time frames near these zones and wait for clean setups during active sessions — especially NY open or post-data volatility. 💬 How are you playing this? Breakout or bounce? Drop your take 👇 #gold #tradingview #futures #technicalanalysis #metals #xauusd #tradingstrategy #macro
COMEX_MINI:MGCM2025
by natron
3
#202518 - priceactiontds - weekly update - oilGood Evening and I hope you are well. comment: Bears defended the breakout area and kept the market in a bear trend. Bulls tried to print a higher low with a decent bull reversal bar on Thursday. Now what? No idea. Oil below 60 is a big thing and staying below is somewhat low probability, given the past 6 years. The chart is still pretty bearish and if you want to be a bull and look at this, would you be thrilled to buy it at 58? I’m not sure. If you could hold below 53 and add lower as well, sure but as of now, bulls have not done enough to convice me this is a credible bottom. current market cycle: trading range on monthly tf and bear trend on the daily key levels: 54 - 65 bull case: Bulls want to keep Thursday the higher low and go up from here. Above 60 they are slightly favored to test 62/64 again but one could also draw another bear trend line from 71.66 to 63.9 from last Monday. So buying here is not favorable, no matter how you look at this chart. Only above 65 do bulls take control again and can test the next bigger bear trend line around 67. Invalidation is below 54. bear case: Bears kept the bounce around the breakout area from the W1 low. Now they need to make lower lows to confirm the acceleration of this bear trend. If they fail, this will become fuel for the bulls to test back up to either 67 or even the W2 high at 71.66. My line in the sand for the bears is a daily bull bar close above the daily 20ema. If bulls can get that, I think more bears will give up. Until then, bears are slightly favored, especially below 56.29 to test 54.48 again. Invalidation is a daily close above 62 and for sure anything above 65. short term: Neutral around 58. Below 56.29 I think we can do 54.48 or lower and above 62 I expect more upside for 64 or higher. medium-long term - Update from 2025-04-27: This does look like another bear trap below 60, which was to be expected.
NYMEX:MCL1!
by priceactiontds
#202518 - priceactiontds - weekly update - nasdaqGood Evening and I hope you are well. comment: Bulls want at least 20536 now and run all the stops from before the big sell-off. Bears are not doing anything at all, so bulls will likely get it. This could be a breakout-retest and I marked the area for that with the red rectangle. Small chance bears come around next week but for now it’s too early to short and buying into 9 consecutive bull days is statistically beyond moronic. current market cycle: trading range key levels: 15500 - 23000 (upper range is a guess, could also become 21000 but for now we don’t know so I assume the higher price) bull case: 20536 and then 21000. Those are the next targets and bulls are in full control of the market. The measured move from the buy spike at the lows is around 22350 and it’s possible that we get there. I think we need to see a pullback and how deep that will be. If we get only another sell spike and immediate buying for higher highs, we can also assume much higher prices. Above 21100 there is no reason not to go for 23000. Invalidation is below 19100. bear case: Bears have nothing. Below 19100 market is neutral but until then, selling this is dumb. Wait for more bears to appear or at least seeing something that resembles a topping pattern. Like a lower high on the 1h chart. Don’t try to be the lucky bear who shorted the exact high. Invalidation is above 21100. short term: Neutral. No interest in buying such a buy climax but it’s way too early for shorts. Patience is key. medium-long term - Update from 2024-04-26: My most bearish target for 2025 was 17500ish. Now I assume we will be in a trading range 16000 - 23000 for much longer.
CME_MINI:MNQ1!
by priceactiontds
BTC - Liquidity Mapping to Predict MovementAs a part II to my previous post on “Bull Market OR Bearish Retest?” - Here is a 2 day liquidity map on BTC’s chart. I’m anticipating a sharp drop to 7,000 - why is this number significant? There is a mass amount of liquidity in the chart down towards 7,000-10,000. This liquidity is in the form of long stop loss orders. In layman’s terms - the sell orders required to take price to this extreme low are already within the chart. It is a pre-set consequence to traders decisions in a market dominated by leveraged buys and sells. If we consider what the “floor” price of BTC is (IE all long term secured holders) - we first have to seperate out the leveraging liquidity used in the futures market. How much of the BTC market cap is injected liquidity from futures / derivatives? In my view, anything above 7,000. This liquidity can flow in and out, and the business and function behind it isn’t affected. This liquidity is extremely fluid. It can drop 90,000 and rise 90,000 shortly after without any affect on the fundamental value of Bitcoin. Sure there is a psychological consequence with perceived value and market stability - but the fact is, leveraged liquidity can enter the market and leave the market with no impact at all on the wallets of market makers. Food for thought - happy trading.
Short
by DickDandy
2
Gold: Will 3,260 Flip From Supply to Springboard?Micro Gold Futures — 30 min chart BULLISH ABOVE 3,260 | BEARISH BELOW 🗺️  Structure in Focus Macro bias (4 h/1 D): remains bearish — lower highs & lows since late‑April. Intraday context: price climbing in a rising channel; buyers defend each channel low since 1 May. Grey zone 3 255‑3 260: • 61 %‑78 % Fib retrace of the last leg down • Breakdown base now acting as supply • Mid‑channel + intraday VWAP overhead A decisive H1 close above 3 260 plus a bullish retest flips the bias long toward ≈ 3 280. 🧭  Trade Map 🔴 Base‑case short • Trigger – bearish reaction inside / below 3 255‑60 • Targets – 3 230, then 3 210 (-27 % Fib extension) • Invalidation – H1/H4 close > 3 260 🟢 Flip‑bull plan • Trigger – H1 close above 3 260 and zone holds as support • Target – 3 280 supply (channel top + prior S/R) • Invalidation – H1 close back under 3 250 (Risk ≤ 1 % per idea; scale out at interim levels.) 📊 Narrative to Watch Fed speakers & US data could jolt real yields and gold flow. Asia session often sets the tone—watch Shanghai physical premium chatter. Softening DXY gives the upside‑break thesis a tail‑wind. What’s your play—fade the zone or ride the breakout? Smash the boost 🔥 and follow for live updates! Not financial advice; just sharing my plan. Tags: #Gold #XAUUSD #Futures #PriceAction #Fib #TechnicalAnalysis
COMEX_MINI:MGCM2025Short
by natron
1
WEEKLY ANALYSIS TO HELP YOUR TRADING: Nasdaq, NQ, NAS100A pretty accurate week from my last video analysis if I do say so myself. This week, I'm anticipating more bullish price action, however, there's also a strong chance for an inside bar which could have price working within last week's trading range. Based on the levels discussed in this video, price has reason to try and close bullish yet again, so I'll be watching price action for entries into longs and managing my risk accordingly. Happy Trading, The Meditrader
CME_MINI:NQ1!Long
by TheMeditrader
Easing market risks put pressure on GOLDOANDA:XAUUSD fell to a two-week low on Thursday (May 1), mainly due to signs of easing trade tensions and a long holiday in China, the world's largest gold consumer. Investors will be looking ahead to the US non-farm payrolls report due today (Friday), which is expected to cause major market movements. Easing trade tensions between the US and other countries have kept investors optimistic throughout the week. In addition, easing US-China trade tensions have also added to the pressure on gold as there are no additional risks to stimulate safe-haven demand. US President Donald Trump has decided to exempt some tariffs on the auto industry and made progress on deals with India, South Korea and Japan. On Wednesday local time, Trump said there was a great chance of reaching a trade deal with China and that there were "potential" trade deals with India, South Korea and Japan, and that he was working to reach agreements with the three countries. The Trump administration hopes to reach preliminary trade agreements with several trading partners within weeks, U.S. Trade Representative Greer said Wednesday. U.S. Commerce Secretary Mattis Lutnick said at least one trade deal is close to being announced, several others are close to being finalized, and Trump may be waiting for an opportunity to announce them all at once. Data released on Wednesday showed the US economy contracted in the first quarter and the personal consumption expenditures (PCE) price index was flat in March, turning investors' attention to the non-farm payrolls report due out today (Friday). The US non-farm payrolls report for April will be released on May 2 (8:30 a.m. ET). Expectations for the non-farm report are that traders and economists expect the report to show 133,000 new jobs in the US, average hourly earnings increased 0.3% month-on-month (up 3.9% year-on-year), and the U3 unemployment rate remained unchanged at 4.2%. Fed policymakers said they would keep interest rates on hold until there are clear signs that inflation is falling toward the 2% target or there is a possibility that the job market is deteriorating. Technical Outlook Analysis OANDA:XAUUSD Technically, gold remains in the best position for bullish expectations with support from the EMA21 and the 0.50% Fibonacci retracement. Meanwhile, the Relative Strength Index (RSI) is also reacting to the 50 level, which is considered the closest support in terms of momentum. In the short term, if gold returns to trade above $3,270, it will be considered the best condition for a bullish recovery to end the broad-based correction. However, if gold is sold below $3,228 and maintains its price action below this level, it will likely continue to decline with a subsequent target of around $3,163 in the short term. In the day, considering the current position, gold still has conditions for a bullish outlook technically and the notable price levels will be listed as follows. Support: $3,228 – $3,163 Resistance: $3,267 – $3,270 SELL XAUUSD PRICE 3270 - 3268⚡️ ↠↠ Stop Loss 3275 →Take Profit 1 3262 ↨ →Take Profit 2 3256 BUY XAUUSD PRICE 3174 - 3176⚡️ ↠↠ Stop Loss 3170 →Take Profit 1 3182 ↨ →Take Profit 2 3188
OANDA:XAUUSDShort
by Xayah_trading
4
Sugar futures are falling. But is it just seasonality?Looking at the futures of MARKETSCOM:SUGAR , we can see that the price continues to slide and we are currently at historic lows. This can be explained by seasonality and by the fact that Brazil is currently introducing a lot of sugar into the market. Let's dig in... Let us know what you think in the comments below. Thank you. 77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:SUGAR
by Marketscom
GOLD may enter accumulation when the market lacks impact Spot OANDA:XAUUSD prices were broadly steady in Asian trade on Friday (April 25) after a sharp rise in the previous trading day. The current price of gold is around $3,341/ounce, down from the $3,371 price target that readers noted in yesterday's edition. Spot gold prices jumped on Thursday, snapping a nearly 3% decline the previous day, helped by a weaker US dollar and bargain-hunting as investors kept a close eye on the latest news on tariff negotiations. Market Highlights Gold prices rebounded on Thursday after their biggest drop this year as bargain hunters entered the market, Bloomberg reported. China's official broadcaster CCTV reported Thursday that the Wall Street Journal reported that Trump is considering a plan to impose tiered tariffs on China, and White House press secretary Levitt said Trump's stance on tariffs on China "has not softened." "This is all fake news. As far as I know, China and the United States have never consulted or negotiated on tariffs, let alone reached an agreement. This tariff war was initiated by the United States, and China's attitude is consistent and clear: if you want to fight, we will fight to the end; if you want to negotiate, the door is open. Dialogue and negotiation must be equal, respectful and mutually beneficial," said Chinese Foreign Ministry spokesman Guo Jiakun. Cleveland Fed President Hammack made it clear in an interview on Thursday that the Fed has essentially ruled out a rate cut in May. But she also delivered a key message, saying that if there is clear evidence of the economy’s direction, there will be room for policy action in June. When asked if a rate cut was possible in June, Hammack said: “If we get clear and compelling data in June, then I think the committee will act, assuming we have a clear understanding of the right path for policy at that point.” Markets reacted quickly after Hammack’s remarks, with interest rate swaps indicating the likelihood of a rate cut by the Federal Reserve in June rising to around 65%. Technical Outlook Analysis OANDA:XAUUSD After achieving the target increase twice, which readers should pay attention to in the previous day's publication at 3,371 USD, the price point of the Fibonacci retracement of 0.236%, the recovery momentum of gold is being controlled and limited. In the short term, gold is likely to enter a sideways accumulation phase, waiting for more fundamental breakthroughs. The expected accumulation area is around 3,371 - 3,292 USD, which are the positions of the Fibonacci retracement of 0.236% and 0.382%. However, with the current position, the main outlook is still bullish in the long term with the trend from the price channel as the main trend and support from the EMA21 as the main support. During the day, the expectation of short-term accumulation in the main uptrend will be noted by the following levels. Support: 3,300 – 3,292 USD Resistance: 3,371 USD SELL XAUUSD PRICE 3411 - 3409⚡️ ↠↠ Stop Loss 3415 →Take Profit 1 3403 ↨ →Take Profit 2 3397 BUY XAUUSD PRICE 3204 - 3206⚡️ ↠↠ Stop Loss 3200 →Take Profit 1 3212 ↨ →Take Profit 2 3218
OANDA:XAUUSDLong
by Xayah_trading
19
GOLD drops sharply to $43, important support areaOANDA:XAUUSD encountered a sudden sell-off in early Asian trading on Thursday (May 1). The current price of gold is around $3,245/ounce, down sharply by $43 on the day and at a key technical position. OANDA:XAUUSD fell for a third consecutive day as signs that trade talks between the United States and China may be progressing reduced demand for safe-haven assets, Bloomberg reported on Thursday. China Central Television said the United States has been in touch with China through various channels. Bloomberg noted that concerns about the global trade outlook were also eased by news that the Trump administration was close to announcing the first of a series of deals that would reduce planned tariffs on several countries. OANDA:XAUUSD have risen about 25% this year, largely as investors flocked to the safe-haven asset as U.S. President Donald Trump’s rapidly shifting trade policies have roiled markets and stoked fears of a global economic slowdown. However, inflows into gold ETFs, central bank buying and strong speculative demand from China will also provide fundamental support for gold prices. Looking ahead, Friday’s US non-farm payrolls report could reveal the initial impact of Trump’s trade policies on the economy. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold is trading at a crucial support area for long-term bullish expectations with support from Ema21 converging with the 0.50% Fibonacci retracement. If gold is sold below $3,228, it could continue to decline further with a target of around $3,163 in the short term, the price point of the 0.618% Fibonacci retracement. On the other hand, the Relative Strength Index (RSI) is also approaching the 50 level after a period of correction, which in this case acts as the nearest support. It can be said that with the current position, gold has the most support with EMA21 converging with Fibonacci retracement 0.50% in terms of trend, and RSI approaching 50 is support in terms of momentum. During the day, the current position still shows that gold has the potential to increase in price and the notable positions will also be listed as follows. Support: 3,245 - 3,228 USD Resistance: 3,267 - 3,292 USD SELL XAUUSD PRICE 3295 - 3293⚡️ ↠↠ Stop Loss 3299 →Take Profit 1 3287 ↨ →Take Profit 2 3281 BUY XAUUSD PRICE 3195 - 3197⚡️ ↠↠ Stop Loss 3191 →Take Profit 1 3203 ↨ →Take Profit 2 3209
OANDA:XAUUSDShort
by Xayah_trading
ETH ANALYSIS🔮 #ETH Analysis  🚀🚀 💲💲 #ETH is trading between support and resistance area. There is a potential rejection again from its resistance zone and pullback from trendline. If #ETH sustains above major resistance area then we will a bullish move till its major resistance area 💸Current Price -- $1,755 ⁉️ 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
Long
by ZEUS_Market_Alerts
2
GOLD trades around $3,300, market lacks major impactOANDA:XAUUSD sare trading lower around the $3,300/oz flatline as easing US-China trade tensions dampen the appeal of gold as a safe-haven asset, while investors await US economic data to gauge the Federal Reserve's policy direction. OANDA:XAUUSD have been trading in a narrow range recently as the market awaits details of the first trade deal, which is expected to be announced this week or next. OANDA:XAUUSD has reversed to a downside correction since last week as Trump made some very positive comments and the risk of stagflation was further ruled out, and gold prices continued to fall. Stagflation has pushed gold higher and as the market starts to price in this risk, a correction is natural, especially considering that “buying gold” has become the top trade and it is technically in overbought territory. Looking at the larger picture, gold prices remain in an uptrend as real yields are likely to continue to fall amid the Fed’s easing. But in the short term, more positive news on tariffs could see gold prices continue to fall as the market adjusts to the new conditions. OANDA:XAUUSD , traditionally seen as a hedge against political and financial uncertainty, hit a record high of $3,500.05 last week amid heightened uncertainty. Investors will be watching economic data for the rest of the week, including Wednesday's personal consumption expenditure report and Friday's non-farm payrolls report. Technical Outlook OANDA:XAUUSD On the daily chart, gold continues to move sideways as the accumulation state takes place as the market has no fundamental impact of any sudden change. With the current position, gold is not qualified to increase or decrease significantly with the sideway area of ​​​​attention in the range of 3,371 - 3,292 USD being the positions of the Fibonacci retracement of 0.236% and 0.382%. However, overall, gold is still inclined to increase in the long term with the price channel as the main trend and support from EMA21 as the main support. As long as gold remains above/within the price channel, above EMA21, it still has the technical conditions for the main trend to be up, the declines should only be considered as short-term corrections and not an official trend. During the day, the sideways accumulation state with the main uptrend will be noticed again by the following positions. Support: 3,292 – 3,267 USD Resistance: 3,371 USD SELL XAUUSD PRICE 3382 - 3380⚡️ ↠↠ Stop Loss 3386 →Take Profit 1 3374 ↨ →Take Profit 2 3368 BUY XAUUSD PRICE 3283 - 3285⚡️ ↠↠ Stop Loss 3279 →Take Profit 1 3291 ↨ →Take Profit 2 3297
OANDA:XAUUSDLong
by Xayah_trading
1
GOLD accumulate as the market lacks major fundamental impactSpot OANDA:XAUUSD moved significantly in early morning trading on Tuesday (April 29) and is currently trading at $3,315/oz, down 0.87% on the day at the time of writing. OANDA:XAUUSD reversed losses on Monday and rebounded, having earlier dipped to around $3,268. The US Dollar (Dxy) fell broadly on Monday, supporting gold as investors cautiously awaited more news on US trade policy and braced for a week of in-depth economic data that could provide early indications of whether US President Trump’s trade war is having an impact. The U.S. Dollar Index TVC:DXY fell 0.7% on Monday to close at 98.91, its lowest close in four trading days. The DXY has fallen 4.89% in April and is set to post its biggest monthly decline since July last year as Trump has shaken confidence in the reliability of U.S. assets. A majority of economists polled by Reuters see a high risk of a global recession this year, with many saying that U.S. President Donald Trump’s tariffs have hurt business confidence. Bessant said on Monday that major U.S. trading partners have made “very good” proposals to avoid U.S. tariffs and one of the first deals to be signed would likely be with India. Fed officials, including Chairman Jerome Powell, have said they are ready to cut rates if risks to economic growth become clear. But most officials appear to want to determine the impact of Trump’s tariffs on real economic indicators like inflation and employment before taking action. This week, the US will also release first-quarter GDP data and the Fed's preferred inflation measure, core PCE, while Europe will also release preliminary GDP and inflation data. Investors are also awaiting the US April jobs report on Friday, which is expected to show that employment is still growing, albeit at a much slower pace than a month ago. Investors will also pay attention to the US JOLT jobs data for March and the second round of US-Japan tariff talks, due out today. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold continues to move sideways as there is no fundamental impact big enough to break the structure to create a short-term trend. But in terms of position, gold is currently likely to decline as the RSI is pointing down quite far from 50, 50 in this case acts as the nearest target support indicating that there is still room for downside ahead in the short term. However, in the overall picture, gold is still trending up mainly due to supporting factors such as the trending price channel as the main trend, the main support from EMA21 and as long as gold is above EMA21, in/above the price channel, it is still in the main uptrend, the declines should only be considered as short-term corrections or a buying opportunity. During the day, gold is expected to accumulate with the main uptrend, the notable positions will be listed as follows. Support: 3,292 – 3,267 – 3,245 USD Resistance: 3,371 USD SELL XAUUSD PRICE 3382 - 3380⚡️ ↠↠ Stop Loss 3386 →Take Profit 1 3374 ↨ →Take Profit 2 3368 BUY XAUUSD PRICE 3287 - 3289⚡️ ↠↠ Stop Loss 3283 →Take Profit 1 3295 ↨ →Take Profit 2 3301
OANDA:XAUUSDLong
by Xayah_trading
$ES = More downside, the bear flag and $3914 - $4376 targetsIf you look at the chart, you can see that ever since April 7th, we've been consolidating in a bear flag. I think what's most likely here is that we break down and hit one of the targets below. The reason being, if we look at the chart since the start of the correction, we've seen 4/5 waves so far, so it would make sense that there'd be a final leg down. Let's see if we end up hitting one of the targets. If we do, it'll mark the bottom of the correction.
CME_MINI:ES1!Short
by benjihyam
2