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US Government Shutdown Sends Gold Flying HigherWhat's Happening With Gold? Gold continues recording new high despite monthly RSI reading of 89-90 signalling extremely overbought conditions and casual pullbacks are attracting buyers on any dip towards value areas resuming higher high and higher low structure which is precisely bullish. Disappointing ADP numbers keep dollar under pressure and Gold gets substantial support as bond yields remain neutral or dull. Recent record high of $3895 witnessed a minor pullback to $3852 which was quickly absorbed by buyers retesting $3893 today and prices stand at striking distance of record high. What's Driving the Bullish Rally? Fundamental Drivers: The US government shutdown and fiscal stress has caused global concerns triggering increased bets for risk off sentiments driving investors for higher Gold prices on safe haven buying. Continued Dollar Weakness below critical resistance 98 is supportive for dollar denominated Gold reducing opportunity cost of holding the non yielding asset. Sticky Inflation makes Gold a preferred hedge against inflation as store of value. Geo political concerns across Europe, mid east keep safe haven demand strong and boost Gold prices further. Robust buying by major Central Banks create further structural demand for Gold as several central banks continue increasing Gold in reserve than dollar and no central bank selling Gold despite record high prices. Any surprise hawkish message from the Fed members or strong economic data can cause a pullback in Gold prices while any dovish tone by Fed will further boost Gold prices. Technical Drivers: Technical structure is still bullish favouring further continuation supported by price stability above immediate support $3852 and moving within a strong ascending bullish parallel channel as seen on the 4 hourly chart while further bullish extension requires strong break and stability above immediate resistance $3898 which targets next leg higher $3914 followed by $3934 Overbought conditions on Monthly RSI reading 89-90 urges caution on heights as break below crucial support may trigger profit booking pressure, especially if some news about potential agreement on US shutdown strengthens dollar and treasury yields. If Gold breaks below $3872, expect a retest of $3860-$3858 while break below $3852 will expose $3845 followed by $3830-$3820
OANDA:XAUUSDLong
by SunilKumarDixitSKCharting
13
NASDAQ: Webbull Corporation - Long Setup, Reversal SignWebbull Corporation shows signs of a potential long opportunity after forming a Bullish reversal pattern (falling wedge) on the daily chart. Price respecting a trendline, and Volume spurt on last trading session. signaling Bullish momentum. hinting at a possible uptrend initiation. Key Levels to Watch: Immediate support at $12.56 (immediate low) Trade Plan: Enter long above $13.50 on confirmation of bullish candle close. Stop loss above $12.60 to limit risk. Target $18.00 as per falling wedge rule, or trail stop as price moves above. Disclaimer : Risk management is crucial. so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
NASDAQ:BULLLong
by misalraj
EURUSD – Head and Shoulders Breakdown in Play!!The chart is showing a clear Head and Shoulders formation, a bearish reversal structure that signals the market may be preparing for a deeper drop if neckline support gives way. Chart validation: Left Shoulder, Head, and Right Shoulder are well-defined. The neckline sits around 1.1646 – this is the critical level to watch. Current price is hovering above the neckline, but pressure is building on the downside. Invalidation sits above 1.1850 – if price pushes past this level, the bearish setup is negated. Targets from the structure: A clean break below 1.1646 confirms the pattern. Measured move points towards 1.1430 area as the downside objective. Along the way, short-term jolts could test 1.1550, but the major momentum favors sellers if neckline breaks. Trading view: As long as EURUSD stays below the right shoulder resistance and 1.1850, bias leans bearish. The neckline is the trigger – once broken, the head and shoulders formation comes into full effect, opening space for a sharper correction.Trade safe !!
Short
by sparkrlight
Wave Pattern Identified This is an ideal pattern found after a Breif Bull Run in the Market These type of patterns repeat themself on all time factors This cycle is Weekly Price & Time cycle I have left side explained how the pattern of 3 Stroke will look like in Text Book and on real time You can witness one movement of 3 stroke pattern is complete Expect an Pull back move before heading for final Retest of Primary Trend on weekly time frame This is education content Good luck
NSE:TCS
by ShreeKrishna_F
USDJPY – Weekly Triangle Near a Big Decision !!The pair has been stuck inside a large weekly triangle formation, compressing price action after years of volatility. These types of structures usually lead to powerful breakouts, and the direction will depend on how the BoJ policy stance and the Fed’s rate cut cycle unfold. Chart validation: Price is coiling between lower highs and higher lows the classic look of a triangle consolidation. Resistance sits around 162, with the upper bound of the triangle capping rallies. Support near 137–138 has been holding the downside so far. The breakout path points to two extremes: Upside projection: A clean break could open a run towards 175–176. Downside projection: A bearish resolution could drag it back to 127, the lower long-term support. Key takeaway: For now, USDJPY is neutral but building energy. The next decisive move will be sparked by central bank divergence if the Fed cuts faster than the BoJ tightens, the yen could strengthen and break lower; if the BoJ holds back and the Fed stays cautious, the pair could rip higher. We should wait for confirmation outside this triangle before positioning for the next trend. Trade safe !
by sparkrlight
Nifty 50 – Wave 2 Correction and the Confluence ZoneDisclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions. After bottoming at 21,743.65 in March 2025, Nifty launched a strong impulsive rally that topped at 25,669.35, marking Wave 1 of a new higher-degree advance. Since then, price has been moving inside a downward-sloping channel , forming what appears to be a Wave 2 correction. The subdivisions so far suggest a W–X–Y structure : Wave W ended at 24,337.50. Wave X topped at 25,448.95. Wave Y is now unfolding, with (a) in place, (b) potentially in progress, and (c) likely still pending. To assess possible completion zones, Fibonacci retracements of Wave 1 offer key checkpoints: 0.382 retracement at ~24,160, aligning with the channel base. 0.5 retracement at ~23,699, a deeper but still acceptable Wave 2 target. This channel + fib confluence provides a meaningful area where Wave 2 could terminate, setting the stage for the next bullish leg — Wave 3. Key Levels: Resistance : 25,450 – 25,670 (breakout here invalidates the immediate Wave 2 scenario). Support : 24,160 (0.382 fib and channel base). Deeper support : 23,700 (0.5 fib). Alternate scenario: If price continues sideways without decisive weakness, the correction may evolve into a triangle for Wave 2 instead of a W–X–Y. Takeaway: As long as price respects the channel and fib zones, Wave 2 remains corrective in nature. A sustained break higher would open the path for Wave 3 — the next impulsive advance.
NSE:NIFTYShort
by WaveXplorer
Ethereum – Strong Uptrend but Needs a Breakout!!Ether is still holding its strong uptrend, and the recent rejection from support has kept the bullish structure intact. The bigger picture remains positive, but short-term price action now demands a clear breakout to confirm continuation. Current structure: Price bounced cleanly from the 4000 zone, showing that buyers are defending the base. The rally stalled just below the 4800–4850 resistance. This is the key barrier that needs to give way for the next leg higher. Until then, we are stuck in a consolidation between strong support below and heavy resistance above. Key levels to track: Support: 4050–3950. As long as this zone holds, bulls keep the upper hand. Breakout zone: 4768–4834. A weekly close above here should trigger momentum buyers. Upside targets: 5515 → 5550, and if momentum extends, 6,000+. Short-term view: Ethereum is in a strong trend but needs that breakout above 4,800 to unlock the next wave higher. If buyers fail to push through, expect more back-and-forth action near support before another attempt. The structure favors patience – wait for the breakout confirmation rather than chasing inside the range. Trade safe.
BINANCE:ETHUSDLong
by sparkrlight
US30 – Rising Wedge on Thin Ice ! The Dow has been pushing higher for weeks, but the structure it’s building isn’t the most comfortable for bulls. Right now, price is sitting inside a rising wedge — a pattern that often looks strong until momentum fades and it breaks lower. What’s happening now? Buyers are still trying to defend near the top of the wedge, but every new push looks weaker than the last. The candles are tightening, which usually signals a volatility squeeze. Once it snaps, the move tends to be quick. Momentum hasn’t kept pace with price. That mismatch is an early warning sign. Levels I’m watching Target 1: 45900–46000. First line of support. If this gives way, short-term weakness will expand. Target 2: 45200. A deeper pullback zone where profit-taking could slow the drop. Final zone: 44200–44300. If the wedge fully unwinds, this is where I expect the sell-off to stretch, followed by a bounce attempt. Short-term view: For bulls, the only way to flip sentiment is a clean breakout above the wedge resistance. Until then, upside looks limited while the downside risk is gradually opening up. Chasing longs here carries more risk than reward. A confirmed break below support would tilt momentum decisively bearish. Trade safe!
BLACKBULL:US30Short
by sparkrlight
Prakash Ind (D) - Coils in Major Triangle Pattern, Nearing ApexPrakash Industries is currently in a prolonged consolidation phase, trading within a large Triangle pattern that has been forming since September 2023. This pattern typically acts as a continuation of the prior trend, which in this case was a strong uptrend that began in April 2023. The stock is now approaching the apex of this triangle, suggesting a significant price move could be imminent. The key boundaries to watch are: - A formidable long-term resistance trendline dating back to January 2008 . This level has triggered several "fake breakouts" in the past. - A strong support trendline established since September 2023. Outlook: A Breakout Awaits Confirmation The stock is likely to remain range-bound in the immediate short term. A decisive move will only occur upon a breakout or breakdown from the existing pattern, which must be confirmed by a significant increase in trading volume. - Trading Range: Within the current pattern, the stock could oscillate between the upper resistance near ₹187 and the lower support level around ₹160 . - Breakout Scenario 📈: A sustained breakout above the multi-year resistance on high volume would signal a continuation of the primary uptrend. - Breakdown Scenario 📉: Conversely, a breakdown below the support trendline would invalidate the bullish continuation thesis and could lead to a significant correction.
NSE:PRAKASH
by Learn_with_Pth0mas
Elliott Wave Analysis – XAUUSD 2/10/2025🔎 ________________________________________ Momentum • D1 timeframe: Momentum is preparing to reverse → this signals that the bullish trend is becoming very weak. • H4 timeframe: Momentum is turning upward → today we may see a recovery move, with price either rising further or moving sideways to push H4 momentum into the overbought zone. • H1 timeframe: Momentum is about to enter the overbought zone → the recovery continues for now, but once H1 reverses inside the overbought zone, the next downward move may begin. ________________________________________ Wave Structure • D1 timeframe o Price reached the second target yesterday. o Momentum on D1 is showing signs of reversal → if today closes with a bearish candle, it may confirm that the yellow wave 5 top has been completed. o In that case, a 3-wave correction on D1 will unfold. o The duration of this correction will likely be longer than the previous yellow wave 2 and wave 4 corrections. • H4 timeframe o A downward move has completed, and momentum is turning upward. o If H4 enters the overbought zone without creating a new high, it provides strong evidence that the purple wave 5 has been completed. o The current structure shows the confluence of multiple wave 5s, fulfilling the condition of an ending diagonal triangle:  Features: new highs and new lows are created, but they become progressively smaller, forming a rising triangle.  Once completed → a sharp decline is expected. • H1 timeframe The structure is noisy, so we consider 2 scenarios: Scenario 1 – Black wave 5 has already completed o Price is currently in a corrective structure. o Combined with H4 momentum reaching the overbought zone and reversing:  If price fails to break above 3897, then: 1. Price drops from the current level 3866 → toward 3830. Then retraces back to 3865 → this offers a very good shorting opportunity. 2. Price rallies to 3885 → but only if H4 momentum is in the overbought zone and starts to weaken → this also provides a great short setup. Scenario 2 – Price breaks the high o In this case, we consider the possibility of an ending diagonal triangle, combining channel structure and H4 momentum to find the short entry. ________________________________________ Trading Plan • Although we already have potential targets, placing limit orders at this stage is not effective. • The key condition to wait for: H4 momentum must reach the overbought zone and reverse → that will provide a clearer and safer entry. • I will update the entry point once H4 momentum reaches the overbought zone, to avoid the same situation as yesterday: correct wave direction, but wide volatility caused stop-loss hits.
OANDA:XAUUSD
by WavePoint_FX
Gold Record: Shutdown 'Blinds' the Fed Hello, traders! Gold shows absolutely no sign of slowing down, closing the October 1st session at $3,866.66/oz, while futures contracts hit a record high of $3,897.50/oz. The precious metal has climbed nearly 50% year-to-date and just set its 39th record high this year! Fundamental Analysis: Shutdown Risk Hits at the Worst Time While government shutdowns usually have a minor impact, the timing of this one is critical: Delayed Jobs Data: The crucial jobs report (scheduled for Oct 3rd) will be postponed. This uncertainty will leave the market and the Fed 'blind' regarding the economy's health just weeks before the next policy meeting, triggering strong demand for safe-haven assets (Gold). Threat of Staff Cuts: President Trump threatened to use the shutdown to cut "a lot of" federal employees, escalating tensions beyond typical closures and increasing political instability. Technical Analysis & Trading Strategy Gold accelerated past the $387x region during the US session, confirming the upward momentum is still very strong. However, the market is prone to more "Stop Loss hunting" (liquidity sweeps). Continue to Prioritize Buy, but manage SL carefully due to wider price swings. Resistance: $3887, $3895, $3904 Support: $3870, $3854, $3843 Suggested Trading Strategy (Absolute Risk Management): BUY ZONE Zone: $3870 - $3868 / SL: $3860 TP: $3878 - $3888 - $3898 - $3908 SELL ZONE (High Risk) Zone: $3903 - $3905 / SL: $3913 TP: $3895 - $3885 - $3875 Gold is running on a foundation of fear. Do you think the $3900 mark will be breached this session? 👇 #Gold #XAUUSD #ATH #Fed #GovernmentShutdown #TradingView #FinancialMarkets #RecordHigh
OANDA:XAUUSDLong
by Jeremy_NPC
HBAR :: Another massive break out from the triangle. Hello Friends. There is a massive triangle pattern forming in HBAR. I am not able to determine the price target after break out. Please do not leverage long. Spot buying is only way to go. If you long futures the insiders benefit if price goes down therefore they start dumping. If you buy spot then insiders benefit by price going up. Hence the price moves up. Note: If you want me to analyze any other tokens, please let me know in comments.
BINANCE:HBARUSDLong
by Marshall_Singh
Developing Monthly bias How to build bias for any month ? Building Monthly Bias with CPR 1. Identify the Central Pivot Range (CPR) for the month • CPR is the average price level for the month. • It remains constant throughout the month and acts as the balance point. 2. Mark Key Levels: • Above CPR: Previous Monthly High, R1, R2 (resistances). • Below CPR: Previous Monthly Low, S1, S2 (supports). 3. Interpretation: • Price generally oscillates between these ranges. • CPR provides the “fair value” of the market for the month. • The supports and resistances mark the extremes. 4. Bias Formation: • If price sustains above CPR → bullish bias. • If price sustains below CPR → bearish bias. • If price hovers around CPR → sideways / neutral bias. 5. Trading Psychology: • Avoid being overly bullish when prices are near upper extremes. • Avoid being overly bearish when prices are near lower extremes. • The CPR itself gives a strong indication of directional bias. 👉 In short: CPR = Balance Point; R1/R2 = upper boundary; S1/S2 = lower boundary. Price oscillates within this band, giving us a practical monthly bias.
NSE:NIFTY1!
by spvijay
Bitcoin Bybit chart analysis October 2Hello It's a Bitcoin Guide. If you "follow" You can receive real-time movement paths and comment notifications on major sections. If my analysis was helpful, Please click the booster button at the bottom. This is a 30-minute Bitcoin chart. The bottom left shows yesterday's long position re-entry point, $116,914.7, indicated by a purple finger. We will continue with the trend-following strategy. *Red finger movement path: Long position strategy 1. $118,668.2 long position entry point / Stop loss price if the green support line is broken 2. $119,161.2 long position primary target -> Target prices in order from the top to the miracle level If the strategy is successful, the first section is the long position re-entry point, and a new high is reached after the great breakout. The second section is the final long position entry point. If the green support line is maintained until the second section, it will become an upward sideways market. If the light blue support line holds through the weekend and next week, it could continue to rise as it's a mid-term uptrend line. Please keep this in mind. Bottom -> I've left up to three sections. You can check the prices of the major support and resistance lines above and below the section I've left or by dragging. Please use my analysis as a reference only. I hope you operate safely, with a principled trading strategy and stop-loss orders in place. Have a nice holiday until next Friday. I'll be back on Friday. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide