CandleStickGuru

CandleStickGuru Updated 

Gold is consolidating between a rising wedge pattern at the moment. It is still in an undecided territory at the moment because the momentum in the past few days has been clearly down, but yesterday's daily candle managed to close above the previous daily resistance level of 3,345. If we see healthy candles closing below that level (which will also break the lower...

CandleStickGuru Updated 

Need the 30 minute candle to close above 83900, then wait for a retracement for the next candle and enter at the break of the high. Potential target is 84800. Retracement for the move can come up to 83200. If price breaks below that level, then we can exit the trade.

CandleStickGuru Updated 

Since the NYSE brings a lot of volume, we can look for both buy and sell ideas depending on how the candles behave. I will wait for the first 5-minute candle after the NYSE open to plan my trade. Higher timeframes (weekly, 4H, and the hourly) all look bearish except for the bullish close yesterday, so my bias is still bearish. Unless we see some tariff related...

CandleStickGuru Updated 

If the price breaks the 15 minute high, we can take a quick scalp on US30.

CandleStickGuru Updated 

Unless we see some news come out on tariffs, we could see some downside on US30 today. It is falling inside a wedge pattern right now, and I expect the price action to fall within that wedge with a potential to go down during the New York session. I will be waiting for a break of the upper green zone (around 42150), then a pullback and rejection, to take sells...

CandleStickGuru

Following significant buying activity during the Asian session today, spurred by Trump's announcement on auto tariffs, gold prices have begun to cool off and are retracing towards the 3050 region. If the price reaches this level and forms support on the lower timeframes (30-minute to 1-hour charts), there may be an opportunity to take quick buy positions similar...

CandleStickGuru

Bitcoin has been selling off throughout the day today and looks set to tap into a major support level at 84500 to 85000. If we see a bounce from that level then we can anticipate price to reach around 86200, which could give us a good opportunity to ride the train down again. If the major support area does not hold, then we can look for candle closure below that...

CandleStickGuru Updated 

As highlighted in today's earlier update, the price has successfully retested the 3030 level and subsequently tested the 3037 level, which serves as a 30-minute resistance. If the price closes above this level and retraces to gather liquidity around the 3035 area, it could provide greater potential for upside scalping opportunities. For those who entered around...

04:28

CandleStickGuru Updated 

Gold has successfully broken above the critical 3030 level, at least on the shorter time frames of 30 minutes and 1 hour. It has closed above this level and is now retracing slightly, possibly to test the area again. If the price holds above this level during the London session, further upward momentum is likely. The first target could be a retest of the 3050...

CandleStickGuru Updated 

Gold has been in a strong uptrend recently, but towards the end of last week and the beginning of this week, selling pressure has emerged, leading to increased downside momentum. It’s worth noting that this week marks the final full week of March 2025, signaling the end of the first quarter. During this period, money managers and funds may rebalance their...

CandleStickGuru Updated 

Waiting for the 5-minute candle to close below the 3020 level, then a break of the previous candle low to take the price to 3010 area. If the price does not close below 3020, then the trade idea is invalid.

CandleStickGuru Updated 

Price has broken below the previous support after some consolidation. So watch out for retracement to the support (now turned into resistance level) and continuation downwards. This idea is valid if the 30 minute candle closed below the red resistance level. It is important to wait for a pullback to that zone again to allow price to pick liquidity before moving down.

CandleStickGuru Updated 

If we see a pullback around 19650 and then price rejecting that area again, it should open doors for more downside. Conversely, if price breaks 19650, and we see a healthy 30 minute candle closing above that level, then we look to take some buy scalps from that zone.

CandleStickGuru Updated 

If the current 15 minute candle pulls back and breaks the previous 15 minute candle high.

CandleStickGuru

Price action has not been clean, and the recent upside has found a resistance at around 195 level. We are not keen on any sells at the moment but will look for buys if 195 level breaks and price sustains there for some time (30 minute of 1 hour closure should be enough). That will open doors for price to target around 197 levels. Alternatively, if price drops...

CandleStickGuru

Price has been ranging in the lower timeframes after making a fresh high of around 3057. There are no significant data releases today so it could range further between the red resistance and green support zone. However, since today is Friday, we could see an end of week profit booking, which could make the way for some sells. But beware that gold has been in a...

CandleStickGuru

Price has been forming a bearish flag pattern and it may bounce around in the parallel channel before making any significant move towards either side. But, based on the bearish momentum over the last couple of weeks and the previous daily, it is increasingly likely that the next move could be downwards at the break of this channel.

CandleStickGuru Updated 

if this 30 minute candle retraces and breaks the high, then we can go for a quick scalp with SL below the previous 30 minute candle low.