Event summary: Goldman Sachs releases another "gold bomb"! The Wall Street giant raised its gold price target for the third time, predicting that gold will soar to $3700 per ounce in 2025, and even warned that it may exceed $4500 in extreme cases! In just a few months, the expected price of gold has soared like a rocket, and the market is completely boiling-this is not an investment, but this time, it may be an unprecedented super market! Level analysis: The early fluctuations of gold were not large, and it has always shown a trend of oscillating sideways. However, the current surge has directly given everyone a big surprise. How should we view the upward trend? The surge in gold directly broke through the oscillation area. The daily line continued to attack after a break. The trend is still in a strong form, so it is better to follow and do more in the short term! Trading signal: 3240-50 long, stop loss 3230, take profit 3285. I am Quaid. After seeing my analysis strategy, I hope you can achieve an investment breakthrough with my help and turn every tide in the gold market into our wealth wave.
A lot of traders jump into Pine Script or apply a script on TradingView without understanding one key difference: Indicators and Strategies are not the same — especially when it comes to real-time performance and backtesting. What’s the Key Difference? ? Indicators These are visual tools — designed to help analyze price action in real time. They don’t place trades or track performance automatically. You can use them for alerts, overlays, signals, etc. ✅ Great for: Signal generation, confluence stacking, chart visuals. ? Strategies Strategies are built to backtest how your logic would’ve performed in the past. They use strategy.entry, strategy.exit, and simulate trade performance based on candle closes. ✅ Great for: Historical testing, validating logic, optimizing entries/exits. BUT… here’s the catch: Many traders think a strategy will behave exactly the same when used live. That’s not the case. Why Forward Testing Isn’t Perfect TradingView strategies only execute trades at candle close — not during the candle. That means: ❌ No intrabar execution ❌ No slippage simulation ❌ No real-time price spikes ❌ Delayed entries/exits during live market action So your live trades using alerts from a strategy may not match your backtest results. Especially in fast-moving or volatile markets. Takeaway If you're using strategies with alerts, it's important to understand how they work: TradingView strategies are designed for backtesting — a powerful way to test trade logic over historical data. However, during live market use, strategies only execute at candle close and don’t simulate intrabar movement, slippage, or real-time volatility. That’s why we always recommend: Forward-testing the strategy on paper trading or demo for a few days Monitoring live signals with alerts to see how it behaves in real market conditions And tweaking inputs based on your asset and timeframe While there is strategy that is designed with this awareness — and while it can be used in real-time, it’s best run with a clear understanding of these limitations.
Reacted off the daily resistance, double top with break of neckline on H1.
Price is set to make another bullish move upto $3330 per ounce. This comes after we have an impulsive bullish movement which confirms the readiness of buyers to take price higher from the current price. A buy opportunity is envisaged from the current market price
Gold prices rose sharply after correction. Stimulated by the global trade war caused by tariffs, gold prices have maintained a strong posture and continued to rise. If the market breaks through the previous high, the resistance level of the previous high of 3245 will be converted into a short-term support level to continue to see if 3298 can be reached. The main idea is to wait for the retracement below to touch around 3255 to go long, stop loss at 3245, and target point 3275; after breaking the position, wait for the retracement to 3268 to continue to go long and bullish, and look at the position of 3298; if it fluctuates above 3252 during the day, it is recommended to go long directly.
The pair is in an complex frame, whereby part is move lower longer term, but shorter time frame it is buoyant in character. We should see higher levels near 19.4500 again I feel. Strategy BUY @ 18.9575 - 19.0200 range and take profit near resistance 19.3300.
As I mentioned, I was wrong in the previous analysis. And this time, I would short again with the stop loss above where I put the end of E wave.
Technical Outlook: EUR/GBP has broken above the descending trendline and is now retesting it from above near 0.8540–0.8560. This zone is critical — holding it confirms a trend reversal. If successful, the next upside targets are 0.8625 and 0.8680. RSI remains above 50, and MACD continues to support bullish momentum. Fundamentals: Dovish expectations from the BoE weigh on the pound. The euro gains support from improving inflation outlook and capital inflows. Interest rate differentials now favor EUR. Scenarios: ? Main: bounce from 0.8540–0.8560 → move to 0.8625 and 0.8680 ? Alt: break below 0.8540 → retracement to 0.8500–0.8480
ROSY REPORT Chart Pattern: Symmetrical Triangle Upper trendline: Formed by descending highs. Lower trendline: Formed by ascending lows. Convergence point: Price is nearing the apex of the triangle, suggesting an imminent breakout. Key Levels & Scenarios Current price: 142.667 Resistance Target (if breakout occurs): 144.500 Bullish scenario: If price breaks above the upper trendline, it may rally towards the 144.500 resistance area. Support Target (if breakdown occurs): 141.500 Bearish scenario: If price breaks below the lower trendline, a drop towards 141.500 is expected. Additional Observations Volume: Typically, volume contracts within a triangle and expands on breakout—watch for volume confirmation. Timing: Breakout is expected around April 17, judging by the chart's projection and triangle apex. News Events: Several event icons suggest upcoming news that may act as a catalyst. Strategy Tip Wait for confirmation (candle close outside the triangle) before entering a trade. Use proper risk management: place stop-loss just below the breakout candle for longs or above for shorts.
Today will be slightly gap up opening expected in nifty. After opening if nifty sustain above 23300 level then possible upside rally upto 23500 in opening session. This rally can be expected for further 200+ points in case nifty gives breakout and starts trading above 23550 level. Any major downside only expected below 23250 level.