Look at this insane crazy inverse head and shoulders
XAU/USD Directional Trade Setup - Entry Point: Ensure the trade is executed only at the designated entry level. Patience is key to maximizing the setup's potential. - Stop-Loss (SL): Strictly adhere to the stop-loss. Exiting on a close below the specified SL level is essential to protect capital and manage risk. - Take-Profit (TP): This setup offers a minimum risk-to-reward ratio of 1:3, so it's critical to trail the take-profit level as the trade progresses. Trailing TP ensures you lock in profits while giving the trade room to grow. Note: This analysis is shared purely for informational purposes and does not constitute financial advice. Always manage risk responsibly and make decisions aligned with your trading strategy.
Using simple trend lines, a buy signal has happened on the Daily, 4-hour and 1-hour charts. I'm using the candle bodies for my trend lines.
Market Overview: Welcome to today’s market overview. We’ll break down the current trends, price movement, and where we are on the Fibonacci roadmap. This helps us frame the market’s current path and the key levels that may trigger a shift in momentum. Despite a soft start to the week, market sentiment is adjusting to expectations around upcoming economic data. Investors are watching for fresh signals on inflation and interest rates, with earnings season underway and more heavyweight tech names reporting soon. After a volatile couple of weeks, the S&P 500 appears to be stabilizing—but it’s not out of the woods yet. Bearish/Bullish Trend Analysis Trend Condition: Bullish Trends: 6 Bearish Trends: 8 Overview: The market is leaning slightly bearish, with 8 trend lines pointing lower and 6 still showing bullish momentum. This split reflects some indecision after a strong downtrend, suggesting the market could be attempting to stabilize but hasn’t flipped the trend yet. Price Action and Momentum Zones Current Price and Change: Currently, the S&P 500 Futures are at 5,294.25, down by 32.25 points or -0.61%. Market Behavior: Price dipped again this week but held just above recent support levels. It’s not a sharp breakdown, but momentum remains heavy, and buyers haven’t stepped in with strength yet. Momentum Zones: Price is hovering just above the 38.2% Fib retracement, in the middle of the corrective zone. In a bearish context, this area acts as a supply zone—any bounce here could still be countertrend unless buyers regain control above 5,537. Fib Retracement Levels Current Position Relative to Levels: The market is currently just above the 38.2% retracement level. Key Fibonacci Levels: 23.6% → 5,537.68 38.2% → 5,148.66 50.0% → 4,834.25 61.8% → 4,519.84 Analysis: Hovering above the 38.2% level suggests the market is still trying to find its footing after the recent drop. If buyers can hold this zone, it could lead to a short-term rebound—but failure here may open the door to deeper support around 4,834. Overall Market Interpretation This week’s move hasn’t changed the broader outlook much. The trend remains under pressure, but the fact that support is holding gives bulls a chance to reset the tone. If the market can string together a few sessions above this zone, we could see a shift—but for now, the bias remains cautious. Summary The S&P 500 Futures are showing weakness early in the week. The broader trend remains bearish, and the 38.2% Fibonacci level is acting as support for now. This zone could determine whether a recovery builds or if sellers press further. Watch price action closely next week—this is a decision zone.
Trump's remark that "Who has the gold makes the rules" has reignited the gold market, with prices surging unidirectionally to 3370 in early trading following the opening bell. The uncertainty around international trade tariff policies, the uptick in U.S. inflation data, the heightened expectations of Federal Reserve rate cuts, and the intensified global risk-aversion sentiment collectively act as upward drivers for gold prices. Meanwhile, the continuous accumulation of gold reserves by central banks globally provides medium-to-long-term fundamental support for gold. Strategically, it is advisable to maintain a "buy-on-dips" trading framework and seize position-building opportunities arising from market corrections. However, close monitoring of tariff-related news is critical to guard against potential price declines triggered by the easing of tariff conflicts. Trading Strategy: buy@3320-3330-3340 TP:3360-3370-3380 The signals resulted in continuous profits, and accurate signals were shared daily.
Analysis of the latest trend of the gold market: Gold news analysis: Affected by the Easter holiday, the market atmosphere is cautious. The main topics affecting the market include tariff uncertainty, the progress of negotiations between the United States and its trading partners, and the conversations of major central bank officials. Gold technical analysis: Stimulated by the news, the price of gold has continuously refreshed its historical highs since this year. As of the close of last week, the current gold price has reached 3367, reflecting that the gold price is still in a trend of continuing to rise in the general trend. Short-term trend: Support level: 3290 Resistance level: 3360 For today's operation, it is also recommended to pay attention to the callback and go long. Ideal point: 3330--3310 Stop loss: 3305 Target: 3400 This is the ladder support level for the high callback and the ladder point for the rebound, so it can be used as a bullish entry point. The upper side mainly focuses on the high point suppression near 3360-3370. If it continues to break through, it can continue to look at 3400. In general, today's short-term gold operation strategy is mainly long after the correction. In the short term, pay attention to the 3360-3370 resistance level. In the short term, pay attention to the 3350-3330 support level.
Week 4 of April kicks off as Gold market opens strong at the 3320s, breaking out of the bearish channel. A bullish wedge formation is in play, with momentum aiming to push prices through the 3400s zone. Eyes on the continuation of this upward trajectory. follow for more insights , comment and boost idea .
In the crypto market, if you want to beat the market, your benchmark is $CRYPTO:BTCUSD. That means to outperform the crypto market, you need to outperform Bitcoin. One way to measure this is by watching crypto/BTC pairs, such as $BINANCE:STXBTC. If $BINANCE:STXBTCgoes up, it means STX is stronger than BTC. If it goes down, BTC is stronger than STX. On the daily chart, BINANCE:STXBTC has been moving downward, but over the past month, sellers seem to be losing momentum—indicated by a falling wedge reversal pattern. A bullish breakout above 0.000000770 would confirm the pattern, with a potential upside target at 0.000000993 – 0.000001055. This scenario remains valid as long as price holds above 0.000000699.
I’m closely watching gbpusd once it reaches these highs I see no means for any trades .. keeping in mind it’s also a bank holiday for Europe I’d like to wait and see what happens at this 1.34319 point of reaction along with a demand zone . If I see a nice close on a daily candle or any bearish formation ( besides the weekly double top) I’d consider sells .. a break above that and the 1.35 psychological level , I’d like to believe the bulls are still in control .. nevertheless , this point seems to hold weight . We’ll just wait and see ?
Bank of India (Swing): BOI is on a nice setup. Here the present position offers a trade with RR of more than 1:4. Script is also well set for a significant up move by breaking the previous supply zone. Appropriate buying and profit booking zones are highlighted. Check out my earlier views for a better understanding. Note: Do your own due diligence before taking any action.