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A new paper from AI lab Cohere, Stanford, MIT, and Ai2 accuses LM Arena, the organization behind the popular crowdsourced AI benchmark Chatbot Arena, of helping a select group of AI companies achieve better leaderboard scores at the expense of rivals. According to the authors, LM Arena allowed some industry-leading AI companies like Meta, OpenAI, […]
? Chart Context & Overview Chart Type: Candlestick Time Frame: Appears to be Daily (based on price action and spacing of dates) Current Price: ~$40,798.4 Indicators: EMA 50 (Red): ~40,065.2 EMA 200 (Blue): ~41,475.6 Trend Structure: Ascending channel with higher highs and higher lows forming since early April. ? Technical Breakdown ? Trend Analysis The price is moving within a rising parallel channel, respecting both upper and lower boundaries. The recent bullish candles indicate momentum building towards a breakout or test of resistance. ? EMA Confluence Price is above the 50 EMA, showing short-term bullish momentum. EMA 200 is acting as overhead resistance (~41,475), aligned with the top of the channel—a key decision zone. ? Support & Resistance Levels Immediate Resistance: ~41,475 (EMA 200 & upper channel boundary). Support Levels: ~40,065 (EMA 50) ~39,000 (mid-channel support zone) ~38,000 (lower channel boundary) ? Scenarios to Watch ✅ Bullish Case: A clean breakout above the channel and the 200 EMA (~41,475) with strong volume could trigger a trend continuation toward: 42,500 – next psychological and historical resistance Potentially higher if macro sentiment aligns ⚠️ Bearish Case: Rejection at 200 EMA or the upper channel could lead to: A pullback to the mid-channel zone (~39,800–40,000) Further downside to retest the lower channel support (~38,000) ? Outlook The chart currently supports a bullish bias within an uptrend structure, but the key resistance zone (41,475) must be broken decisively for confirmation. Watch for volume and candle structure near that level to assess breakout validity.
During the US trading session on Wednesday (April 30), spot gold prices maintained a consolidation trend and traded around $3,306. After US President Trump signed an executive order to relax tariffs on auto parts and said that trade negotiations had made progress, gold saw profit-taking for the second consecutive day. As signs of easing trade tensions increase, the upward momentum of gold prices seems to be weakening. Short-term outlook: Gold prices may maintain a consolidation trend in the range of $3,260-3,380. If the Federal Reserve sends a stronger signal of interest rate cuts at the May meeting, or global trade tensions escalate again, gold prices are expected to break through the $3,500 mark and advance to $3,600. However, if trade tensions ease further and the improvement of US economic data leads to the Fed's postponement of interest rate cuts, gold prices may face a deeper correction and even test the psychological level of $3,100. Gold technical analysis: From the current market, gold continues its recent pattern, rising in the morning and then falling, fluctuating in the European session, and stabilizing in the US session. Around this rhythm, we can focus on the effectiveness of the $3,300 support level during the day. If the support can still be maintained after the European session fluctuates, and the US session stabilizes here, we can consider buying on dips. As the consolidation cycle continues to lengthen and the range continues to shrink, it indicates that the market is about to break the current volatile pattern. After the impact of Trump's tariff policy gradually fades, the market is re-pricing gold, and it is inevitable that the trend will be repeated in this process. At the daily level, gold has been supported above the key low of $3,260 for 5 consecutive trading days. The overall situation is the previous two trading days. Although there was a decline later, it fell back. The price did not refresh the low point. The overall trend is more inclined to correct the real market after the low. Usually, the real decline or peak reversal is often accompanied by continuous weakening, rather than the current range repetition. In summary, the previous idea remains unchanged. Today, we still look for low points to buy more, and the lower support above 3268 and 3260 remains bullish. As for the test of the upper suppression level. Once it breaks through 3330, or even further breaks through 3352, it will indicate that the bottom structure is becoming more stable. The current repeated shocks are actually building a new rising support platform, laying a solid foundation for the subsequent rising market. For the bottom, focus on 3260 and continue to be bullish. Overall, today's short-term operation strategy for gold is to focus on callbacks and rebounds. The short-term focus on the upper side is 3300-3310 resistance, and the short-term focus on the lower side is 3260-3250 support.
RENDER appears to be reacting to the fibonacci levels. Currently finding resistance @ the 382. If price starts to break above this level I believe the next natural step would be the 236 Conditional order long if we break 4.52 (which also represents a break of a downtrend on the micro Timeframe - zoom into the hourly) Setting TP @ 6.3 which is just underneath key resistance points.
? Chart Context & Setup Chart Type: Candlestick Timeframe: Likely 4H or Daily Indicators Used: EMA 50 (Red) — 32.814 EMA 200 (Blue) — 32.559 ? Key Technical Levels Resistance Zone: 33.600 – 33.950 Price faced repeated rejection in this zone, confirming it as a valid supply/resistance area. Support Zone: 30.600 – 31.100 Marked as the next potential demand zone, aligning with previous accumulation and reaction levels. Current Price: ~32.618 Just below the 50 EMA and slightly above the 200 EMA. ? Market Structure The market experienced a strong bearish impulse in early April, followed by a bullish correction that reclaimed the 200 EMA. Multiple internal liquidity (INT.LQ) sweeps were taken before forming a potential lower high (LH) at the resistance zone. The recent bearish move broke below the EMAs and previous structure, indicating a possible shift back to bearish momentum. ? Bearish Scenario Outlook (Most Probable as of Now) The chart shows a projected lower high formation, likely leading into a continuation of the bearish move. If price fails to break back above 32.800–32.900, we could expect a sell-off toward the support zone (30.600–31.100). This move aligns with: Breakdown below EMAs Failed bullish continuation Rejection from a strong resistance zone ? EMA Analysis EMA 50 > EMA 200, but the price is now sandwiched and showing signs of weakness. If price sustains below both EMAs, momentum is likely to favor bears in the short to medium term. ⚠️ Risk Factors to Watch Any strong bullish engulfing candle reclaiming the 33.000 zone could invalidate the bearish thesis. Fundamentals like USD volatility, inflation data, or geopolitical tension could impact Silver drastically. ✅ Conclusion The chart currently suggests a bearish continuation setup, with the potential for price to revisit the $31.00–$30.60 support zone after rejecting resistance. A retest of broken structure around 32.700–32.800 might provide an ideal entry for sellers.
Thursday looms as an important session for Australian ASX 200 SPI futures, with the price approaching a tough layer of technical resistance overhead. Horizontal resistance at 8135, the 200-day moving average at 8142, and the October 2023 uptrend around 8180 all stand between a potential run back towards the record highs set earlier this year or a possible reversal towards 8000. The price has already broken below the uptrend established from the April lows, although the late fightback in overnight trade suggests bulls won’t give up just yet. Momentum indicators continue to trend higher in positive territory, favouring a bullish bias that prefers buying dips over selling rips. If price fails to break and close above the 200DMA, it creates an opportunity to establish shorts targeting a pullback to 8000, a psychologically important level. The 50-day moving average is also nearby at 7956. A stop above the 200DMA would protect against a continuation of the prevailing trend. Alternatively, a break and close above the 200DMA would flip the setup, allowing for longs to be established with a stop below for protection. 8280—having acted as both support and resistance earlier this year—would be a logical upside target. Beyond that, a retest of the former record highs would be on the cards. Good luck! DS
? Technical Analysis Overview 1. Breakout from Downtrend Channel The price has clearly broken out of a descending channel, confirmed by a clean breakout above the upper trendline. This is a bullish signal, indicating the end of the prior downtrend and the start of a possible uptrend or reversal. 2. Moving Averages (EMA 50 & EMA 200) EMA 50 (Red): 18,965 EMA 200 (Blue): 19,409 Price is currently trading above both EMAs, which is another strong bullish indicator. A bullish crossover (where EMA 50 crosses above EMA 200) is likely imminent if upward momentum continues—this would form a Golden Cross, further confirming bullish sentiment. 3. Structure and Market Behavior After the breakout, price retested the breakout zone and showed a bounce, forming a higher low, which is characteristic of a bullish structure. The chart includes projected price action with higher highs and higher lows—suggesting a bullish continuation pattern. 4. Volume & Momentum (Not shown but implied) Breakouts are typically validated by volume. Although volume is not shown, the sharp upward movement and breakout above resistance suggest strong buying pressure. ? Key Levels to Watch Resistance: 20,000 psychological level; above that, 20,500–21,000 may act as resistance. Support: 19,400 (near EMA 200), and 18,965 (EMA 50); a break below may invalidate the bullish setup. ? Conclusion The chart shows a clear breakout from a descending channel, supported by the price moving above both key EMAs. The structure favors bullish continuation, especially if price holds above the 19,400–19,500 support zone. Upside targets lie around 20,500 to 21,000.
Technical Confluence: Daily Chart: • Strong bullish engulfing recovery from recent support (~37,700). • MACD starting to curl back up from deeply negative levels — possible trend reversal. • RSI recovering above 50 (currently 52.49), suggesting bullish strength resuming. 15-Min Chart: • Sustained uptrend with pullbacks respecting the moving average. • MACD crossing positive territory. • RSI at 64.77 with room to move higher before hitting overbought levels. 3-Min Chart: • Tight consolidation after a sharp breakout to 40,766 — forming a potential bull flag. • RSI at 58.89 — mid-level with upward momentum potential. • MACD histogram shrinking — possible continuation breakout imminent. ⸻ Fundamental Context: • Market Sentiment: U.S. markets are generally supported due to strong earnings reports and decreasing recession fears. Treasury yields have stabilized, and risk appetite is returning. • Upcoming Events: FOMC rate decision is key — bullish bias if they hold or soften tone. ⸻ Trade Details: • Entry: 40,770 • Price is consolidating just under this resistance. Enter on breakout with volume confirmation. • Stop Loss (SL): 40,350 • Below recent support on the 15M chart and under the moving average. Conservative SL with volatility in mind. • Take Profit (TP): 41,450 • Measured move from the flag pattern and aligns with Fibonacci extension and historical resistance. FUSIONMARKETS:US30
This is a classical technical analysis trade. It is forming a bullish pendant and breakout is imminent. stop loss is just a guide as to when to buy more. 5 dollars is the short-term target for now based on the flag of the bullish pendant. Aside from a technical standpoint, ETFs are imminent, swift replacement, and mass bank implementation. Trust me, you will want to buy....