Resistance Tap at $86K: Price tapped the descending trendline and horizontal resistance near ~$86k, which has historically acted as a strong supply zone Correction Target Around $81K: Yellow arrow suggests a potential pullback to retest prior breakout support at ~$81,553. This aligns with horizontal structure and previous demand. Bearish Continuation Risk: Failure to hold $81K could accelerate downside momentum toward the FWB:73K support region at the triangle base.
My Weekly Recap (Apr 7 – Apr 11, 2025) This week was explosive for gold. I watched XAUUSD surge past key levels and close out one of the strongest bullish weeks I’ve seen recently. We cleared the $3,200 level with authority and tapped into a new all-time high around $3,245 before closing the week near $3,235. Daily candles were huge – $40–$50 swings weren’t unusual. The main catalyst was the ongoing U.S.-China tariff escalation. I saw risk sentiment shift heavily, and the market turned defensive, pouring into gold. On top of that, inflation data came in soft mid-week, which added fuel to the rally. The dollar fell hard, giving gold even more room to run. I marked major zones throughout the week: $3,150–$3,200 flipped from resistance to strong support, and $3,245 is now my key short-term resistance to watch. My Outlook for Apr 14 – 18, 2025 I’m approaching next week with a bullish bias, but with some caution. The uptrend is intact, but gold has moved fast and may need to cool off a bit. I’ll be watching the $3,200 level closely. If we hold above it early in the week, I’ll look for long entries targeting $3,280, $3,300, and possibly $3,320 if momentum stays hot. If we get a pullback, I’m planning to look for buys between $3,180–$3,150. That zone acted as a breakout base and should attract buyers. If we lose $3,150, I’ll reevaluate – deeper support lies around $3,100 and $3,000. Here’s how I’ll mark my chart: - **Support Zones:** - $3,150–$3,200 (green box) - $3,100 (minor support) - $3,000 (major psychological support) - **Resistance Levels:** FPMARKETS:XAUUSD https://www.tradingview.com/x/kSi7rE7d/ - $3,245 (current high – red line) - $3,280 (extension target) - $3,300–$3,320 (next psychological/fib zone) - **Trendline:** - I’m drawing a rising trendline from the March lows through early April higher lows – it’s still valid and supporting the move My strategy is to buy dips as long as we stay above $3,150. If price breaks above $3,245 with strong momentum, I’ll look for breakout entries too. I’ll keep stop-losses tight given the speed of the move, and I might trail stops aggressively if we test $3,300. If momentum fades and we fall below $3,100, I’ll wait for signs of reversal before jumping back in. It’s a shortened trading week due to Good Friday, so I’m also preparing for potential volatility in thinner conditions. I’ll be selective and keep my risk managed. Overall, I’m still bullish – gold looks like it has more room to run if the macro drivers don’t change. Let’s see what next week brings!
Gold has exhibited remarkable strength in recent days, surging from around $2,960 to establish new all-time highs above $3,230. After this vertical move and having reached overbought conditions, the 4-hour chart indicates a likely correction phase is imminent, with price projected to retrace toward the highlighted support zone around $3,160-3,170, which previously acted as resistance. This pullback represents a natural technical rebalancing after such an explosive upward movement and would provide an opportunity to test the market's conviction about the current bull trend. The highlighted lower support zone near $2,960 should contain any deeper corrections, though the immediate focus is on the upper support level as a probable target for this corrective wave before potentially resuming the larger uptrend. Traders should monitor price action around these key levels for signs of stabilization and renewed buying interest. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
https://www.tradingview.com/x/q43ppvqu/ My dear subscribers, SPY looks like it will make a good move, and here are the details: The market is trading on 534.03 pivot level. Bias - Bullish My Stop Loss - 519.46 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 560.94 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
after reading the COT report/ and oil hitting heavy lows from last week. COT report is showing big institutional players are buying oil for the coming week. as we can see, buyers have already entered the market. we may get a pullback down to 57.0000 area before a push up, looking to take profit around 67 /68.00000 4 hour support areas.
I believe that this month is decision month for OYAKC.Either 600 days accumulation or 600 days ATHs. Any TURP problem could occur in Turkey so check the levels. Monthly Close below 25.6 - SL I'll be buying it till 2030. DYOR.
With a 5% downside risk Airtel will gain around 7% to 20% in the short to medium term.
Watchlist for this week. Most have two tight days and higher lows Above $20, ADR of 3%+: NASDAQ:PLTR NYSE:IONQ NYSE:BROS NASDAQ:FTNT NYSE:OKLO NYSE:RBRK NYSE:TOST NYSE:SNOW Below $20, ADR of 3%+: NASDAQ:RKLB NYSE:QBTS Thematic: NASDAQ:AAPL NASDAQ:AAPU NASDAQ:NVDA NASDAQ:NVDL AMEX:SOXL
https://www.tradingview.com/x/wdf4Sbor/ Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy USDJPY. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
I think the Nasdaq will retest the recent low and it is likely to break and get to fib extension 14500-15000