XAUUSD BUY PROJECTION Hey guys we still haven’t executed any trade all through the week but I’m starting to like what gold is doing we might get a nice entry and I’m still interested on that 3,350 zone tho price broke below if you check my last I was very interested to take buys from that zone and now market closed with a strong bullish candle so if we can get a nice breakout when the market opens I will be waiting for a retest of 3,350 or place an entry there for buys to the upside…I will update you guys if am on the trade….
Fibonacci
BELUSDT 1H TIMEFRAME - ELLIOT WAVES FROM FIBONACCI RETRACEMENTI just played with the Fibonacci retracement tool and traced the 5 waves with the minimum expected values.
--> If the probabilty with the retracements remains like this, then we could expect at least these results with the retraced minimum values .
--> Else if it collpases under the starting point of the wave 1 then these retracements should be ignored.
GOLD → False breakdown and change of mood...FX:XAUUSD is strengthening after a false breakdown of support at 3288, with the change in fundamental sentiment due to US statements on the tariff war also providing support for the price.
On Thursday, gold rose from a weekly low of $3,260, supported by a weaker dollar and renewed concerns about US trade negotiations with China and Japan.
Optimism about tariff cuts quickly faded after denials from the White House. Weak US business activity data is fueling talk of a possible Fed policy easing, which is also supporting gold. The markets remain focused on trade news and Trump's statements.
Technically, gold could reach the liquidity cluster at 3314 and continue to rise towards strong resistance at 3370.
Resistance levels: 3342, 3370, 3387
Support levels: 3314, 3288, 3270
Below 3314 and below 3288, a liquidity pool has formed, which the market is likely to test before continuing its growth. It is too early to talk about a resumption of a strong rally, as the situation between the US and China is complicated, as are the negotiations on the situation in Eastern Europe, which seem to be moving towards talks, but every time something goes wrong...
Best regards, R. Linda!
Amazon Wave Analysis – 24 April 2025
- Amazon reversed from support zone
- Likely to rise to resistance level 192.00
Amazon recently reversed up sharply from the powerful support zone between strong support level 167.00 (which has been reversing the price from the start of 2024), lower weekly Bollinger Band and the 50% Fibonacci correction of the uptrend from 2022.
The price is currently forming the second consecutive weekly Japanese candlesticks reversal pattern Bullish Engulfing.
Given the clear weekly uptrend and the oversold weekly Stochastic, Amazon can be expected to rise toward the next resistance level 192.00.
DAX Wave Analysis – 24 April 2025- DAX broke resistance area
- Likely to rise to resistance level 22500.00
DAX index is under the bullish pressure after it broke the resistance area between resistance level 21500.00 (top of the previous correction A) and the 61.8% Fibonacci correction of the downward ABC wave (2) from March.
The breakout of this resistance area accelerated the active impulse wave (3) from the start of April.
Given the clear daily uptrend, DAX index can be expected to rise toward the next resistance level 22500.00 (which stopped wave B of the earlier ABC wave (2)).
Gold Wave Analysis – 24 April 2025
- Gold reversed from support area
- Likely to rise to resistance level 3500.00
Gold recently reversed up from the support area between the upper trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse 3 from last month.
The upward reversal from this support area stopped the previous minor downward correction 4 which started earlier from the key resistance level 3500.00.
Given the strong daily uptrend, Gold can be expected to rise in the active impulse wave 5 toward the next resistance level 3500.00.
EURUSD Wave Analysis – 24 April 2025
- EURUSD reversed from support area
- Likely to rise to resistance level 1.1510
EURUSD currency pair recently reversed up from the support area between the key support level 1.1300 (which also reversed the price at the start of April) and the 38.2% Fibonacci correction of the upward impulse from March.
The upward reversal from this support area stopped the earlier short-term ABC correction iv from the middle of April.
Given the clear multi-month uptrend, EURUSD currency pair can be expected to rise toward the next resistance level 1.1510, which stopped the earlier impulse wave iii.
FETUSDI sold every single FET I had at around 2.50s in May 24 and I've not been really interested in it since then, apart from a few short term traders. It's always been a terrible asset to trade frequently, a pain to wait for it to do its thing and then everything happens in a matter of few weeks. As if it's not enough, the merger made it even less attactive.
Anyway, this chart is from December and finally it's in my buy zone. If the qFVG doesn't hold, then i think it'll go down to htf golden pocket for a 98% retrace from ATH. The team behind is relentlessly building and making partnerships, so i think its time can come again.
TRUMP price analysis✊ At the end of March, we last wrote about #Trump and “looked like water” predicting a price drop to $7-7.20 if the “great and brilliant leader” did not stop doing stupid things.... but then came the April sanctions...
We can comment and discuss it for a long time, but it's no use - you can't get the rust out of the metal or out of your head...
It was interesting on 19.04 - when a large unlock of 40 million #Trump coins took place and participants expected the price dump to continue.... but no...
and already on 23.04 - the news comes out that #Trump will have dinner with the largest holders of his token and, oh, miracle = 75% of the OKX:TRUMPUSDT price pump
There are already jokes on Twitter that the TOP-5 holders will be able to choose to who will be the next to set or remove abnormal taxes during dinner)
But seriously, there is every chance that the #TRUMUSDC price pump will continue and God grant us patience to keep and hold this small amount of #Trump coins to $24-$32 or maybe to $40...
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more