BNBUSD Could Be Setting Up for Another Heavy FlushBNB is still trading inside a broad range on the daily chart, but the overall structure continues to look weak. Price has been struggling to break above the 100 EMA, and every recovery attempt is getting sold into before a real breakout can happen. The recent bounce from the $570 area was decent, but buyers still failed to build strong momentum above resistance.
Right now, BNB is sitting near the top of the local range, which makes this area important. If the price gets rejected here again and starts losing strength, it would keep the bearish structure active. The chart also shows that the market has been making lower highs since the bigger decline started, which usually points toward sellers staying in control.
The key level to watch is $610 . As long as BNB stays below that zone, the downside outlook remains valid. A rejection from the current area could send the price back toward $570 first.
If selling pressure increases below that support, the next downside targets come in around $480 and $450. Until BNB clearly reclaims the major resistance zone, the chart still leans bearish overall.
We will update further information soon.
BrightRally_Research
Elliottwaveforecasts
Gold Prices Under Dominant Bearish PressureGold prices (XAU/USD) faced pressure again at the opening of this week. The diplomatic optimism that emerged last week was quickly shattered by the nuclear negotiations deadlock, while solid US employment data provided ammunition for the US Dollar (USD) to dominate the market.
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✅ Geopolitics: "Totally Unacceptable"
Negotiations between Washington and Tehran have reached a dangerous impasse:
- ⚡Nuclear Deadlock: A Wall Street Journal report stated that Iran has categorically rejected US demands to dismantle its nuclear facilities and halt uranium enrichment for 20 years.
- ⚡Trump's Harsh Response: President Donald Trump immediately condemned the rejection as "totally unacceptable." This statement reignited the risk of military escalation in the Strait of Hormuz.
- ⚡Oil Effect: The failure of the peace proposal triggered a new spike in crude oil prices, which rekindled concerns about global inflation—a scenario that typically supports the USD and puts pressure on gold.
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✅ Monetary: Solid NFP & Rate Hike Speculation
The US dollar is receiving fundamental support from domestic economic data:
- ⚡NFP Surprise: Friday's report showed an increase of 115,000 jobs (well above expectations), while unemployment held steady at 4.3%. This indicates that the US economy is still quite hot.
- ⚡Rate Hike Odds: According to the CME FedWatch Tool, the market is now pricing in a 20% chance of at least one 25bp rate hike later this year. The prospect of higher yields on the USD makes non-yielding gold less attractive.
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✅ XAU/USD Technical Analysis (Intraday)
Technically, gold is at a crossroads ahead of inflation data:
- ⚡Resistance Zone ($4,500): This psychological level remains a crucial support. As long as the price holds above this level, last week's recovery is still considered viable.
- ⚡Immediate Resistance ($4,680 - $4,700): Gold needs to break through this area to invalidate the bearish bias that has re-established today.
- ⚡"Wait & See" Mode: The lack of aggressive selling today suggests traders are holding back ahead of tomorrow's CPI and Wednesday's PPI releases.
ARBUSD - Breakout Setup Eyes Fresh Upside MoveARB on the 4H chart still looks strong even after spending weeks in consolidation. After the sharp move from 0.089 to 0.136 , the price started correcting instead of fully reversing.
The pullback has been moving inside a descending channel, which usually acts as a temporary cooldown after a strong rally. Price recently defended the 0.113 area and bounced cleanly from it.
RSI is also back above the 60 level, showing momentum is slowly shifting back toward the bulls. That usually supports continuation if the price keeps holding higher lows.
Now ARB is pushing back toward the top of the channel and starting to test resistance again. Price action looks much healthier compared to the earlier part of the correction.
The key level to watch is 0.1327. If ARB breaks and holds above it, the next upside targets come in at 0.1376, 0.1400, and 0.1441.
We will update further information soon.
By @BrightRally_Research
GBPCHF: Trend Shift UnderwayGBP/CHF appears to be forming a major bottom after completing a long corrective decline near 1.0290 . The chart suggests the pair may have finished a five-wave bearish structure, signaling a possible shift toward a new bullish cycle. Price is now attempting to stabilize above 1.0500, while recent buying pressure shows momentum is gradually improving. The first bullish confirmation level stands at 1.0800 , and a sustained breakout above it could trigger a stronger recovery phase. This is only a breakout setup.
The projected upside targets are 1.1075, 1.1065, and 1.1426 in the medium term. On the downside, 1.0290 remains the key support and the main invalidation level for the bullish outlook. As long as the price holds above that low, the broader structure favors recovery rather than continuation of the previous downtrend.
We will update further information soon.
@BrightRally_Research
AUDNZD: Breakout or Bull Trap?AUD/NZD remains in a strong long-term uptrend, but the chart suggests the pair is likely completing the final stage of its bullish Elliott Wave structure near 1.2200 . Price is still holding inside the rising channel, showing buyers remain active, yet the recent slowing momentum and wedge formation indicate the rally may be running out of strength. If buyers manage to break above 1.2200 , the next upside target stands near 1.2300 , where the current bullish cycle could fully mature.
The projection on the chart points to a corrective decline after the top is formed. The first downside level to watch is 1.1900 , where temporary support may appear. A deeper pullback could then extend toward 1.1700 , which is the key support level for the medium-term trend. From there, the chart suggests buyers may return and attempt another recovery wave toward the 1.2000 area. As long as the price stays above 1.1528 , the broader bullish structure remains intact despite any short-term correction.
We will update further information soon.
BrightRally_Research
10 Trading Mistakes Ananya Made That Destroyed Her AccountIntroduction
Ananya did not start trading to lose money. Like most traders, she came in with a plan, a strategy, and the belief that consistency was just a matter of time. She studied charts, followed setups, and took trades that looked right. But despite all that effort, her results kept slipping. Some days she won, many days she gave it back, and slowly her account stopped reflecting the work she was putting in.
The problem was not the market, and it was not her strategy. It was the small decisions she made in real time. Moving a stop loss, chasing a trade, exiting too early, or trying to recover a loss. None of these felt like big mistakes in the moment, but together they quietly destroyed her performance. This is not just Ananya’s story. It is the pattern most traders go through without realizing it.
In this article, we break down the 10 psychological mistakes Ananya made, not as theory, but as real situations that happen on the chart. More importantly, each mistake shows what should be done instead. Because trading is not about finding the perfect setup. It is about avoiding the decisions that ruin it.
1. Moving Stop Loss
Ananya enters a well-planned trade with a clear stop loss, but as price moves closer to it, discomfort kicks in. She convinces herself the move is temporary and shifts the stop lower to “give it space.” Price continues against her, turning a small, planned loss into a large one. This is a classic example of fear overriding discipline. Instead of accepting a predefined risk, she reacts emotionally in the moment. What should be done instead is simple but difficult in practice: treat the stop loss as final. Place it based on logic, not emotion, and accept the outcome. A small loss is part of the system. A big loss is a failure of discipline.
2. Win Rate Trap
Looking at her history, Ananya notices she wins most of her trades. That gives her confidence, but she overlooks a critical detail. Her losses are significantly larger than her wins. For example, she might win five trades of small profit but lose it all in one oversized loss. This creates the illusion of success while her account slowly declines. The mistake is focusing on being right instead of being profitable. The solution is to prioritize risk to reward. Even with a lower win rate, consistent profitability comes from ensuring that winners are larger than losers.
3. Indicator Addiction (Illusion of Control)
Ananya opens a chart and begins adding multiple indicators, believing more confirmation will improve her decisions. RSI suggests one thing, MACD another, and moving averages add more noise. She hesitates, misses entries, and eventually takes trades too late. This is over-analysis disguised as control. Instead of simplifying decisions, she complicates them. The better approach is to reduce dependency on indicators and focus on a clear, repeatable system. Simplicity creates clarity, and clarity leads to better execution.
4. Revenge Trading
After a loss, Ananya feels the need to recover immediately. She enters another trade without proper analysis, driven by frustration rather than logic. One loss turns into multiple as she keeps trying to win it back quickly. This behavior is emotional trading at its worst. The example is clear: instead of stepping away after a loss, she doubles down on mistakes. The correct approach is to pause. Accept the loss, reset mentally, and only return when a valid setup appears. Trading is not about recovering instantly but surviving consistently.
5. FOMO Entries (Buying the Top)
Ananya sees a strong bullish move and feels the urge to participate before it is “too late.” She enters at the peak, only to watch price pull back shortly after. This is fear of missing out in action. The move was valid, but her timing was not. The mistake is chasing momentum without a plan. Instead, she should wait for structured entries such as pullbacks or confirmations. Missing a trade is always better than entering a bad one.
6. Impulsive Entries
Without waiting for confirmation, Ananya begins entering trades based on quick assumptions. A candle moves slightly, and she reacts instantly. These impulsive decisions often lead to drawdowns because they are not backed by a clear setup. The example highlights a lack of patience and structure. What she should do instead is define strict entry rules and follow them. If the setup is not complete, the trade does not exist. Discipline in waiting is what separates consistency from randomness.
7. Cutting Winners Early
When a trade moves in her favor, Ananya quickly exits to secure a small profit. While this feels safe, she often watches prices continue strongly in the same direction afterward. This behavior limits her upside and disrupts her overall profitability. The mistake is letting fear control exits. Instead, she should allow trades to reach their planned targets or use a structured trailing strategy. Letting winners run is essential to balancing inevitable losses.
8. Overleveraging
After a series of wins, Ananya increases her position size, believing she has found consistency. A normal losing trade now results in a significantly larger loss due to the increased risk. This is a direct result of overconfidence. The example shows how quickly gains can be erased when risk is not controlled. The better approach is to maintain consistent position sizing regardless of recent performance. Risk should be based on a plan, not emotions.
9. No Stop Loss
Believing strongly in a setup, Ananya decides not to use a stop loss. As the price moves against her, she holds on, hoping for a reversal. The loss grows larger with time, and what could have been controlled becomes damaging. This is hope-based trading, where risk is ignored. The correct approach is non-negotiable: always use a stop loss. Accepting a defined risk is the foundation of survival in trading.
10. Overconfidence After Wins
Following a winning streak, Ananya starts to believe she has mastered the market. She takes lower-quality trades, increases risk, and ignores her rules. Eventually, one loss wipes out a significant portion of her gains. This pattern is common and dangerous. The example shows how success can lead to carelessness. The solution is to stay grounded. Treat every trade independently and continue following the same disciplined process, regardless of past results.
Each of these mistakes is caused not by the market but by the trader’s own decisions. Recognizing them is the first step. Controlling them is what leads to long-term survival and growth.
Silver Squeeze: Breakout or Sharp Breakdown?Silver is moving inside a triangle pattern on the 4-hour chart. XAGUSD is getting squeezed between resistance coming down from around 96 and support coming up from around 61. Right now, it’s trading near 73 to 74 , which is the middle of the range and not a good place to trade since there is no clear direction.
Recent price moves have been slow and messy, showing the market is still in a correction and not a strong trend.
From a wave view, this looks like a complex correction, and the triangle seems close to finishing. There could be one more move up, possibly a fake breakout, to trap buyers before price drops again.
Unless silver clearly breaks and holds above resistance, the overall view is still bearish. If the XAGUSD gets rejected from the upper area, it could fall toward 60 to 55 .
For now, expect choppy and confusing moves. It’s better to wait for confirmation instead of guessing early.
We will update further information soon!
XAUUSD - Bearish Pressure ContinuesIn our previous analysis, we anticipated a decline toward key support levels, and XAUUSD has now successfully reached the S2 zone.
Click here:
We are still expecting the bearish scenario until the price confirms its movement. A failure to reclaim 4,730 is the first signal that bulls are losing control. If price continues to reject from this level, the probability shifts toward a deeper move, potentially breaking S2 and heading toward the S3 region near 4,330 . In short, above 4,730 , bulls regain momentum; below it, expect continuation of the downside move.
We will update further information soon.
NSE JNJ - Elliott Wave Correction Targeting 258 UpsideJohnson & Johnson is in a Wave (4) correction after completing a strong impulsive Wave (3) near the 250 zone. The current move looks like an A–B–C pullback, with price slipping below 232 and heading toward deeper support. This correction remains healthy within the larger uptrend and does not damage the bullish structure unless key swing lows break decisively.
After Wave (4) completes, Wave (5) is expected to push higher. Upside targets stand at 238 , 247 , and 258 , with 247 acting as a key breakout level. A move above this zone would confirm continuation toward new highs.
We will update further information soon.
CADCHF: Bullish Setup After WXY CompletionCADCHF has likely finished its correction phase (called a W-X-Y in Elliott Wave), which basically means the market has already gone through a messy sideways/down move and may now be ready to trend. Price recently dipped below support (a fake breakdown) and quickly reacted, suggesting sellers are losing control.
Right now, the market is trying to form the first move up (Wave 1), but it’s not confirmed yet. For real strength, currency needs to break and hold above the marked resistance level. Breakout above wave B will confirm the bullish cycle.
Bullish targets are 0.5148 - 0.5751+ . We can extend the targets after the breakout of wave X.
We will update with further information soon.
By @BrightRally_Research
NIFTY 50 - Base Formation Before Recovery?Nifty 50 appears to be in a corrective phase after completing a larger advance near the 26,373 zone. The recent sharp decline into the 22,955 region appears to be a potential wave (Y)/(v) exhaustion area, where selling pressure may be stabilizing. Price is now attempting to reclaim the 23,750 – 24,150 region, which acts as an important pivot. Holding above this zone could support a recovery move toward the first resistance cluster near 24,550 (R1), while a stronger breakout may open the path toward 25,000 – 25,900 (R2–R3).
Near term, the structure suggests a possible wave (1)-(2) base formation, meaning a rebound may develop after this correction if buyers continue defending current levels. The main bullish trigger is reclaiming and sustaining above 24,550 , which would strengthen the case for upside continuation. On the downside, if the price slips back below recent support and loses momentum near 22,955 , the market may revisit deeper support toward the 21,850 region before any larger trend reversal attempt.
We will update further information soon.
@BrightRally_Research
Gold Under Significant PressureGold prices (XAU/USD) remained under consistent selling pressure throughout today's European session.
Despite briefly showing resilience below the $4,700 level, the strengthening of the US Dollar (USD) for three consecutive days and the apparent escalation of maritime tensions have forced this precious metal to move on the defensive.
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✅ Geopolitical Escalation: IRGC Begins to Act
Hopes for de-escalation from Trump's unilateral ceasefire extension are fading rapidly due to developments on the ground:
- IRGC Ship Seizures: The Islamic Revolutionary Guard Corps (IRGC) officially stated that it had seized two container ships on Wednesday. This is the first seizure by Iran since the conflict escalated in February, directly challenging the US naval blockade.
- Preconditional Deadlock: Iran refuses to negotiate as long as the US naval blockade remains unlifted, while the White House insists the blockade will continue as a means of pressure. The risk of direct military confrontation in the Strait of Hormuz is now at an all-time high, triggering a flight of capital to the greenback.
- Energy Inflation: Supply disruptions through the Strait of Hormuz are keeping oil prices high, complicating the global inflation picture and pressuring non-yielding assets like gold.
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✅ Monetary Policy: The Fed's "Wait and See" Narrative
Sentiment on US interest rates is shifting to favor the dollar:
- Resilient Economy: Remaining strong US economic activity amid high interest rates has made the market skeptical about the likelihood of an interest rate cut in the near future.
- Hawkish Stance: "Stubborn" inflation due to the energy shock is forcing Fed officials to be more cautious. Market speculation has shifted from "when will a rate cut happen" to "will a rate cut still be necessary this year," which is pushing up US bond yields.
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🎯 Key Levels to Watch 🎯
- Confirmation Resistance ($4,926): The upper boundary of the trend channel. A break above this level is needed to revive the bullish narrative towards a new psychological level.
- Critical Support 1 ($4,691): The lower boundary of the current trend channel. Sellers are awaiting a sustained break below this level.
- Downside Target ($4,568): The previous structural base. If $4,691 is broken, the price is expected to slide rapidly towards this area.
- Danger Zone: A break below $4,568 would open the door to deeper weakness, threatening the major uptrend established since the beginning of the year.
HDFCLIFE Monthly: Channel Support in Focus After Sharp FallHDFCLIFE is still holding its overall uptrend, as it continues to respect the rising channel. The recent fall from around 820 appears to be a correction, not a full breakdown. Price has again reacted near the 550 – 580 zone, which has acted as support in the past, so as long as this area holds, the structure remains fine.
On the upside, 700 – 720 is the first level to watch. If price manages to move above this, it can slowly head back toward 775 and 820 . But if there is a monthly close below 550, then the trend weakens and further downside is likely. So 550 is the key support, and 700+ is where strength comes back.
We will update further information soon.
NIFTY 50 - Recovery Attempt but Trend Still Unclear
Nifty has fallen sharply, and that fall looks mostly complete. Now it is trying to bounce, but the bounce is still weak. For now, this is just a short-term recovery, not a clear uptrend. The market needs to go above 23,860 to show the first real sign of strength. Until that happens, upside moves can fail.
On the upside, there are clear resistance zones:
Around 24,350 (R1)
Around 25,100 (R2)
Around 25,900+ (R3)
On the downside, if the market fails to hold and falls again, it can retest lower levels near 22,900 – 21,800 zone.
We will update further information soon.
Elliott Waves: SCI Ltd Bullish Structure intactHello Friends, Welcome to RK_Chaarts,
Today we’re looking at the Shipping Corporation of India Ltd chart from an Elliott Wave perspective. The structure looks very clear.
Cycle degree Wave III ended at the July 2024 high, and Cycle degree Wave IV ended at the March 2025 bottom. After that, we started unfolding Cycle degree Wave V, which should have five subdivisions of Primary degree.
Out of those five, Wave ((1)) topped in June 2025. Then Wave ((2)) came as an expanded flat and bottomed in January 2026. So Wave ((2)) is done, and now Wave ((3)) is running.
Going one degree lower, inside this Primary Wave ((3)) we’ll also get five subdivisions of Intermediate degree. Here, Wave (1) and (2) are complete, and Wave (3) has already started, it even gave a trendline breakout.
If our counts are correct, this is a very bullish scenario and it could continue higher with strength.
Nearest Invalidation level for these wave counts is low of wave (2) Intermediate degree (Blue) which is 217.50.
Note: This post is purely from an Elliott Wave structure point of view. Many possibilities exist, and right now we’re focusing on one potential scenario that looks very clear to us. But this is the market - if any swing low breaks or something changes, we have to accept it and the wave counts can change.
For now, this is what we see from an Elliott Wave perspective. Let’s see how the market unfolds from here.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Gold XAU/USD Potential for Correction Before Further RiseGold prices (XAU/USD) managed to record an increase to the $4,777 area in the last hour.
This movement was driven by the weakening of the US dollar (USD) following the emergence of an optimistic tone from Washington regarding the potential framework for a deal with Iran, even though the situation on the ground (Strait of Hormuz) remains critical.
✅ Diplomacy: JD Vance's Optimism vs. Ground Reality
The US Vice President's statement provides some breathing space for risk assets:
- ⚡"Significant Progress": In an interview with Fox News, JD Vance stated that a comprehensive framework agreement is within reach if Iran is willing to take the final step. This temporarily dampened safe-haven demand for the USD.
- ⚡Blockade Officially Begins: Contradictions emerged on the executive branch. President Donald Trump confirmed that the US Navy blockade of the Strait of Hormuz had officially begun. Trump even threatened to destroy any approaching Iranian warships, to which Tehran responded with threats against all ports in the Persian Gulf.
- ⚡Impact: This military instability prevented a deeper USD decline and limited the confidence of gold buyers to push prices much beyond $4,800.
✅ Monetary: December Speculation & Inflation Shock
The market is weighing "hot" inflation data with Fed policy expectations:
- ⚡High March Inflation: The surge in energy prices due to the war pushed US consumer inflation to a four-year high in March. This theoretically supports the rate hike narrative.
- ⚡FedWatch Tool (CME): Interestingly, the market is still pricing in a 30% chance of a 25-bps rate cut in December 2026. These lingering dovish expectations have moderately weakened US bond yields, providing fundamental support for non-yielding gold.
✅ XAU/USD Technical Analysis (Intraday)
Technically, gold is trying to build momentum above a key psychological level.
- ⚡Nearest Resistance ($4,780 - $4,800): Gold needs to close above this area on a sustained basis to attract new buying interest towards the $4,850 level.
- ⚡Critical Support ($4,750): A level that must be held to maintain a daily bullish bias.
- ⚡Key Demand Zone ($4,730): An area where buyers are likely to re-enter in the event of a technical correction.
Gold Prices Await CPI Inflation Data ReleaseGold prices (XAU/USD) face dual pressure in today's trading.
The market's primary focus is on the release of the US Consumer Price Index (CPI) data for March, which is predicted to rise sharply due to surging energy prices.
On the other hand, the emergence of a glimmer of hope from a new diplomatic path in Washington provides a floor for further declines in gold.
✅ Main Focus: CPI Data & The Fed's "No Rush" Narrative
The market is bracing for an inflation report that is predicted to remain "hot":
- March Inflation: The surge in crude oil prices due to the Strait of Hormuz blockade is expected to have trickled down to the March CPI data. This reinforces the stance of Fed officials (based on the FOMC Minutes) who stated they are in no rush to cut interest rates.
- US Dollar (USD): Geopolitical tensions and expectations of high interest rates remain the main drivers of the USD, which automatically puts selling pressure on dollar-denominated commodities like gold.
✅ Geopolitics: Trump's Threats vs. Washington's Diplomacy
The situation in the Middle East is moving in two opposite directions:
- Escalation: President Donald Trump warned of new attacks on Iran, accusing Tehran of violating the agreement regarding the management of the Strait of Hormuz. This kept oil prices high and fueled hawkish bets on the Fed.
- De-escalation: Positive news came from Prime Minister Netanyahu, who instructed direct negotiations with Lebanon in Washington next week. Furthermore, crucial US-Iran talks are scheduled to take place tonight and Saturday.
- Impact: Hopes of stability from the ceasefire are holding back excessive USD appreciation and providing technical support for gold to prevent a further decline.
✅ Key Intraday XAU/USD Levels
- Critical Resistance ($4,750 - $4,760): The area that must be broken to confirm that gold still has the strength to recover.
- Psychological Support ($4,700): The decisive level today. As long as the price remains above this level, the consolidation bias remains intact.
- Danger Zone ($4,650): If US CPI comes out significantly higher than expected, gold risks breaking through this level towards the next bearish target.
UNO MINDASeeing a short-term opportunity shaping up on this chart.
After a choppy sideways phase, price appears to be entering the final leg of the ongoing correction. The recent bounce shows strength, but the overall structure still suggests that this move could be part of a broader pause rather than a full trend reversal.
What stands out to me:
A sideways-to-choppy phase already in place
Current move looks like a decisive leg within that range
Nearby zone could act as a reaction area
For now, I’m treating this as a short-term setup within a larger structure, and watching how price behaves around key levels before forming any directional bias.
Would love to hear your take:
Do you see this move extending further, or fading once the current leg completes?
Open to different interpretations and learning from the community.
Disclaimer: This is for educational and discussion purposes only. I am not a SEBI-registered investment advisor. Please do your own research before making any financial decisions.
#PriceAction #TechnicalAnalysis #TradingIdeas #UNOMINDA #Indianstockmarket #shortterm #NSE
US Crude Oil (WTI) - 30 Min Chart UpdateUS Crude is in its final corrective Wave C, where it is about to complete Wave 4 in the $99–$100 zone before starting the final Wave 5 upward.
The bigger Wave C is projected to complete near $117, which corresponds to 123% of the bigger Wave A.
Short-term bias remains bullish until Wave 5 within the bigger Wave C completes.
📈 Bias: Short-term bullish
🎯 Key Levels: $99–$100 for Wave 4 completion, $117 for Wave C termination
⚠️ This is not a trade call and is shared purely for educational purposes.
Two Positive Divergences and a positive trend for NiftyNifty is completing wave C of an ABC correction, and we have two positive divergences on the RSI indicator at the bottom today as markets rebound. April seasonal patterns are in play. The market can continue to bounce back to multiple retracements.
Is Gold Headed Toward 4000 or Even Lower Before Reversal?In the previous article, we were expecting a temporary bounce within a broader bearish structure, not a full trend reversal.
Check here:
Price action is still consistent with that bearish view, but the slope suggests we are still in Wave 3. XAUUSD may form wicks near the lower band of the parallel channel. Wave X has reached wave equality (100% of Wave A). It's possible to see 4000 – 3950 or lower before a reversal. Wave 4 may occur with minimal retracement, as the slope is very strong.
Bulls should not act hastily without confirmation, as we don't know how large the wicks in gold can be. The first confirmation of the participation will be the breakout of wave (A) low.
By @brightrally_research
Gold's Final Shakeout Is ComingEWT: DAILY TF
Gold hit a peak of $5419 in early March and has been falling since then. Right now, XAUUSD is trying to move up slightly, but it looks more like a temporary bounce than a real recovery. Gold is forming a flat formation.
Waves 1 through 4 have already played out, and the market now appears to be setting up for the final move: Wave 5 to the downside. After Wave 5 is complete, XAUUSD is likely to start moving upward.
Immediate Resistance: 4800
Immediate Support: 4500
A breakout of the channel with strong volume could bring buyers into the market. Until then, price is likely to move lower toward the Wave (A) level.
Global Sentiment:
The overall market mood is cautious. A strong US dollar, rising interest rates, and higher oil prices are putting pressure on gold. News like war or tensions can push gold up for a short time, but for now, the upside looks limited unless something big changes in the market.
By @BrightRally_Research
BLUEJET | Long-Term Elliott Wave Outlook Wave Structure Analysis🔷 BLUEJET | Long-Term Elliott Wave Outlook
WAVE STRUCTURE ANALYSIS
Wave 1 (Impulse): Strong rally from 318.35 → 966.60, unfolding in 5 clear sub-waves.
Wave 2 (Correction): Expanded flat abc correction from 966.60 → 352.55, perfectly respecting a weekly demand zone.
Wave 3 (Impulse): Currently in progress, setting the stage for the next major upward leg.
Market Confirmation
✅ Buyer volume has surged over the past 2 sessions, confirming a structural shift and signaling the early phase of a new uptrend.
📊 Trade Plan
- Entry Zone: 388 – 409.40
- Stop-Loss: 333.80
- Target 1: 1002
- Target 2: 1403
⚠️ Disclaimer: This is an analytical observation, not financial advice. Please conduct your own due diligence before making trading decisions.






















