Gold

To all red traders: What’s your outlook on gold?

Key Observations from Your Chart:

1. Strong Rejection at Resistance (~$3,150 - $3,160)
   1. Price previously tested a 1HR/4HR resistance zone and was rejected, leading to a strong bearish move.
   2. The wick at the top suggests selling pressure.

2. Bearish Momentum with a Break Below Liquidity (~$3,100)
   1. The price broke below liquidity zones, confirming a short-term bearish bias.
   2. A 10-pip retracement hints at weak buying strength so far.

3. Support Holding (~$3,085 - $3,090)
   1. This area coincides with 1HR/4HR support and a possible reversal zone.
   2. If buyers defend this level, we could see a retracement back to $3,120 - $3,130 (marked resistance zones).
   3. Failure to hold could push price down to the next support at $3,075 - $3,060.

Potential Trading Scenarios:

1. Bullish Scenario (Short-Term Buy):
   1. If price stabilizes above $3,090 and forms bullish candles, a move towards $3,120 - $3,130 is possible.
   2. Key trigger: Break above minor resistance (~$3,107).

2. Bearish Continuation (Sell Setup):
   1. If price fails to hold above $3,090, expect a drop toward $3,075 - $3,060.
   2. Key confirmation: A 15M/30M close below support with volume.

Final Bias:

1. Short-term: Bearish unless $3,090 holds.
2. Long-term: Mixed, needs confirmation from support zones.

U.S. markets plunged after Trump's new tariffs fueled recession fears, with the S&P 500, Dow, and Nasdaq suffering major losses. The U.S. dollar weakened, and even safe-haven assets like gold retreated. Investors now await Fed Chair Powell's speech and Friday's jobs report for clarity on monetary policy. The Fed faces a tough balancing act between inflation and recession risks. A weak payroll report could worsen sentiment, but a stronger one might be dismissed due to tariff concerns. Markets remain highly volatile.

Today scene

3118 > 3037

bye bye trump [ in heaven ]

It seems you know the sure thing. Let us know daily target for today.

This is call Sniper tp.

Big kupunas, brother, by my time calculation, you held $35 drawdown, WOW

"3097 to 3093 range has 1 hour and 30 minutes of support. Wait for breakout confirmation."

see the reaction...

For me breakout point to the downside is 3096. We could see 3077 - 3068 - 3058 -

Yeah but its bits early to sell. wait a candle break and close at-least 3092.

y'all seeing that bros? silver crashed hard....

sell scalp 3102.

funny how newbie traders think and talks
now we're back to pretending there's a "sure thing" in the markets—how comforting.

If you were really a trader , I doubt you'd be asking for "suredaily targets"

But hey, if you're ready to trade fairy tales for actual strategy, maybe a more intellectual question could be asked so can have a real conversation.

Would you like a market analysis… or just another prophecy to chase?

1. Universal 10% Tariff on Imports:

1. President Trump signed an executive order imposing a 10% tariff on nearly all imported goods, citing a national emergency due to foreign trade practices. This tariff is set to take effect on April 5, 2025.

2. Increased Tariffs on Specific Countries:

1. China: An additional 34% tariff has been imposed, bringing the total tariff on Chinese goods to 54%. This targets approximately $438.9 billion worth of imports, including electronics and apparel.
2. European Union: Subject to a 20% tariff on exports to the U.S., notably affecting pharmaceuticals.
3. Vietnam: Faces a 46% tariff, impacting goods like furniture and semiconductors.
4. Taiwan: Exports, especially electronics and semiconductors, are now under a 32% tariff.
5. Japan: Subject to a 24% tariff on vehicle parts and motors.

3. Elimination of De Minimis Provision:

1. The administration has ended the de minimis provision, which previously allowed tax-free entry of packages valued under $800 from China and Hong Kong. Effective May 2, 2025, these low-value shipments will incur a 30% duty or $25 per item, increasing to $50 after June 1. This move aims to curb the influx of inexpensive foreign goods.

4. Global Economic Reactions:

1. Financial markets have reacted negatively; for instance, the Nasdaq dropped 6%, and the U.S. dollar reached a six-month low. Experts warn of potential inflation increases and rising unemployment.
2. International leaders have expressed concerns, with European Commission President Ursula von der Leyen warning of possible retaliation.

These measures represent a significant shift in U.S. trade policy, aiming to address trade imbalances and protect domestic industries. However, they also raise concerns about potential trade wars, increased consumer prices, and global economic instability.

wonder how much the price will fall if we break the 87 level
holding shorts

An important learning point: Swing areas can be some of the best areas to trade. On last night's gold chart, the three areas highlighted were the best places to trade short term with very small stop losses and profits of around 70-100 pips. Try to look for swing areas.

Especially wedge patterns combined with a breakout candle and a candle that confirms the breakout are very suitable.

@signal_apadana
tlgrm

Looking good after 1-hour of London

43pips secured.

I've been short since 3101 too, I want to leave stops at Asia low and see where the day takes me - for now stops are at BE incase of any sudden London shenanigans lol

not easy, then monkey afraid it will fall more "what if..."