Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Sell. Enjoy the day all. Cheers. Jim
Here is the alternative analysis for my earlier BK Assessment. Instead of being near the end of a Primary wave 1 in Cycle A of a Supercycle set to last into 2027, we could be in: Wave 3 of C of a corrective wave ---- or ---- Wave 3 of 3 of A of a corrective wave that will completely (waves A-C) finish within a year ---- or ---- Wave 3 of 3 of 1 of A of a large corrective wave that will complete in or after 2027. This stock is currently triggering wave 3 signals which means more near-term downside is highly likely.
PYTH:USOILSPOT Oil has been in a multi-week declining triangle pattern, lasting over 2 years so far, which will eventually break to the downside. When it does, the price target should be around $35 USD. Which is calculated subtracting the width of the triangle from the base of the triangle. When? Probably when we have a stock market crash, which could be soon. Fundamentally speaking, a global recession should reduce global demand for crude oil. Also, a resolution of the Ukraine-Rusia conflict should increase global supply of crude oil. Good luck to you
Just now open a scalp long position on litecoin. I anticipate that the market will spike up soon towards $84.5 area before pushing back down.
Summary: After Trump’s announcement on tariff details, the market became extremely volatile — swinging nearly 100 points up and down. From a fundamental perspective, the outlook still supports gold. However, during the U.S. session, gold pulled back sharply to a low of 3054, then surged back up to 3136. This back-and-forth movement raises doubts about whether bullish momentum is weakening. Given that today’s Non-Farm Payroll (NFP) data is due, Asian and European sessions may stay range-bound between 3100 and 3136. The suggested strategy for today: Sell high, buy low, use tight risk control, and wait for NFP to shake things up. Key Levels to Watch: 3170–3175: Bullish target zone 3168: ATH resistance 3150: Psychological midpoint 3136: Bullish/Bearish pivot line 3100: Round-number support 3088: Support 3076: Key intraday support 3054: Final bullish defense line Short-Term (15m) Strategy: For Shorts: Enter a SELL if the price breaks below 3110. Watch 3107 for immediate reaction; if it continues dropping, monitor 3105, 3102, and 3100. For Longs: Enter a BUY if the price stabilizes above 3116. Watch 3118 first; if momentum continues, target 3121, 3128, and 3136. ? If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support! Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
? ? Ticker: VPG (NYSE) ? Setup: Falling Wedge Breakout + Key Support Hold ? Breakout Zone: ~$21.40 (yellow zone breakout) ? Trade Plan (Long Position) ✅ Entry Zone: $21.35–$21.50 ✅ Stop Loss (SL): Below $19.47 (white support zone) ✅ Take Profit Targets: ? TP1: $24.19 (red resistance zone) ? TP2: $27.48 (green swing high) ? Risk-Reward Breakdown ? Risk: $21.40 - $19.47 = $1.93 ? Reward to TP1: $24.19 - $21.40 = $2.79 → R/R ≈ 1.45:1 ? Reward to TP2: $27.48 - $21.40 = $6.08 → R/R ≈ 3.15:1 ? Technical Highlights Falling wedge breakout with bullish confirmation Price defended yellow zone with tight candles Reversal signs near oversold levels Breakout volume rising = positive momentum ⚙️ Trade Management ? After TP1: – Move SL to breakeven – Book partial gains ? Let remainder ride to TP2 with a trailing stop below breakout structure ⚠️ Setup Invalidation ❌ Break and close below $19.47 ❌ Bearish engulfing below yellow zone ❌ Loss of breakout volume momentum
So apparently the reason why gold fell this morning is because gold has 8% tariff premium built in, that is what the March pump was all about. Turns out gold is exempt from tariffs, and so is silver, so silver dumped the entire March pump. So the fact that gold is exempt from tariffs basically means that it basically got pumped 8% today because it didn't drop like silver did. Yeah, tariffs were a shock but not 8% gold pump shock. Also, teh demand for physical gold will go down because apparently there was a lot of pre-buying in anticipation of the tariffs, plus people will have less disposable income. The play here is that if GLD posts a red bar or falls below today's open, then I'm buying puts. Futures are green so I'm not sure if that will be tomorrow or Monday.... though there may be a drop Monday regardless as people actually read news over teh weekend. I should have yesterday before I posted, lol. My bad.
ATOMUSDT is currently forming a classic inverse head and shoulders pattern on the chart—a strong technical indicator often associated with trend reversals. This bullish pattern, combined with rising volume, suggests that a breakout may be on the horizon. The neckline is being tested, and a confirmed breakout could trigger a wave of buying interest as traders anticipate a significant upside move. Volume is looking promising as buyers step in around key support zones, showing confidence in the potential of ATOM. With the broader market stabilizing and altcoins gaining momentum, ATOMUSDT could ride this wave for a projected gain of 50% to 60%+. The current technical setup aligns well with historical bullish reversals seen with this pattern. Investors are increasingly paying attention to ATOM, not just for its price action but also for its utility in the Cosmos ecosystem. With strong fundamentals backing the project and a promising technical structure, this may be the beginning of a new uptrend. A successful breakout above resistance could bring renewed momentum and fresh highs in the short to medium term. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
WUSDT has recently completed a strong breakout from a key resistance zone, signaling a potential shift in momentum and attracting significant attention from traders. The technical setup points to a confirmed breakout with increased trading volume, which typically precedes a powerful rally. This move is further supported by market participants showing renewed interest in the project fundamentals, positioning WUSDT for a potential bullish continuation. With solid volume pouring in post-breakout, WUSDT looks ready to make a major move to the upside. Current market structure indicates a healthy retest of the breakout level, setting the stage for a possible rally of 250% to 300% in the coming sessions. Such gains are within reach, especially if broader market sentiment remains positive and volume continues to climb. Investor confidence in WUSDT is growing, as many see it as an undervalued gem ready to reclaim higher levels. Its technical strength, combined with strong buying activity, presents an attractive opportunity for both swing traders and long-term holders. Watch for key psychological resistance levels to act as future targets while support holds firm below. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
XAUUSD pared recent gains following a retreat below the channel's upper bound and resistance at 3150. The price remains in an uptrend, holding above the Ichimoku Cloud and within the ascending channel. However, should the price experience a retracement, a throwback to the 3050 support may occur. Conversely, regaining its bullish momentum and closing above 3150 could prompt a further rise to the following resistance at 3220. Gold pulled back sharply from record highs after Trump's tariffs excluded precious metals, easing immediate supply concerns, but the broader backdrop remains favorable. Central bank buying, expectations of rate cuts, and persistent geopolitical risks underpin demand, even as short-term profit-taking kicks in. While volatility may persist, the metal's role as a hedge against inflation and economic uncertainty keeps its long-term bullish case intact. By Li Xing Gan, Financial Markets Strategist Consultant to Exness