Gold daily level includes a positive hammer line with a long lower shadow. Gold fluctuates and hovers. There have been four oscillating daily lines, all running below the 3370 line. The probability of continued fluctuation is high. Based on the above analysis, it can be concluded that gold bottomed out and rebounded, and bulls took the initiative. In terms of operation, consider retreating and arranging long orders first, and high shorts as a supplement. Pay attention to the resistance of 3370-3400 US dollars on the top, and the support of 3310-3260 US dollars on the bottom.
Here is my 2-minute take on the ASX 200 futures daily chart, where I discuss my hunch that a pullback could be due and how that could set us up for a better long setup further out. Matt Simpson, Market Analyst and Forex.com and City Index
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 21,510/61.80% Chart time frame:D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
This is just for accountability purposes...I want to track at least one trading idea to see how things go: //////////////////////////////////////////////////// 4/28/25 - APP: new BUY signal chosen by a rules based, mechanical trading system. APP - BUY Stop Loss @ 219.37 Entry BUY @ 284.98 Target Profit @ 470.19 Analysis: Higher timeframe: Prices have stayed above the lower channel line of the ATR (Average True Range) Keltner Channel and reversed. Higher timeframe: Victor Sperandeo's (Trader Vic) classic 1-2-3/2B BUY pattern...where the current lowest bottom breakout price is greater or only slightly peaking lower than the preceding bottom price.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 450/61.80% Chart time frame:D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: C A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Gmt is looking promising and could see an increase in price after the completion of a corrective pattern
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 82.3/61.80% Chart time frame:D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
The Dollar Index is one of the most important charts right now. A weak dollar means looser financial conditions. This is good for US stocks, bitcoin and gold. The fundamentals are bearish. Both the US and China want a weaker dollar. There are issues in the US bond market, and it's a self-reinforcing cycle as US stock positions need to be currency hedged. The backdrop to all this is, of course, massive debt and dollar debasement with more money printing on the horizon. I like the technical picture here, and it's not a bad spot to add to shorts or enter fresh ones. Ideally, we see a pullback to 1.12 on the EUR, but we might not get it, so adding a bit now here is ok. As always, remember trading is about risk-adjusted returns, so use a stop and keep your position size small unless you are very experienced.
The buy orders initiated around 3273 yesterday have already delivered solid profits. After a slight rally at today’s opening, gold prices have pulled back. Currently, the candlestick formation shows no clear directional trend, while some short-term technical indicators are pointing downward. Before any corrective signals appear, we need to closely watch the support near 3306. As long as this level holds, the short-term bullish momentum still has a chance to continue. On the news side, today's scheduled data releases are of minor impact. Focus instead on developments regarding the India-Pakistan situation and US Treasury Secretary Bessent’s press conference. If geopolitical tensions escalate, gold may break out to new highs. ? Today's Trading Strategy: Sell within 3407-3428 zone Buy within 3258-3223 zone Flexibly trade between 3346-3313 / 3378-3336 / 3273-3316 zones Please manage your positions carefully and stay alert for unexpected market moves.
So long as this low holds up on XRP, id call this a major checkback here, above the old 2021 highs. Alongside a lot of other alt coins, XRP also has a real nice 3 bar play. a 3 candle stick pattern that implies bullish continuation, especially in the context of a major weekly checkback. This is powerful on a macro time scale. In the same respect, it would be a major red flag if that low is lost. It isnt a death sentence, but it does change the story. This is an open trade ive previously posted here, but if i were looking to add to a position, or open a new long, i would use that red flag as stop loss and reassess.