TheGoldenCircle

TheGoldenCircle

Bitcoin Price Action Analysis - March 20, 2025 Current Market Status - Successfully closed above the resistance zone (84000-85000), which is now acting as support - Currently in a consolidation phase after recovering from the recent drop - The broken support trendline has been retested as resistance, with price action showing signs of strength Technical...

TheGoldenCircle

Gold Price Action Analysis - March 20, 2025 Current Market Status - Gold is currently trading at 3,050.055, - Successfully conquered the R2 resistance level (3,046.317) - Showing strong momentum with minimal retracement or consolidation - Psychological level of 3,000 has been comfortably established as support Technical Observations - The price is following...

TheGoldenCircle Updated 

Gold continues to demonstrate exceptional bullish momentum, validating yesterday's primary scenario prediction shared here. Currently trading at 3,010.965, gold has surged past the R1 target of 2,952.228 as forecasted and is now approaching the R2 resistance level at 3,046.317. Current Market Conditions -Successfully sustaining on the 3,000 psychological...

TheGoldenCircle Updated 

On BTC ,Yesterday's bounce is worth noting, but I'm approaching it with caution. The recently broken support trendline (now visible as a diagonal resistance) will likely act as resistance in the 89-91K zone, also we have a Horizontal resistance at 83-85K which is previous support now becomes resistance . For potential entries, I'm watching two key scenarios: ...

TheGoldenCircle Updated 

Gold has made a decisive breakout from its recent consolidation range 2900-30 (major support is now at the green rectangle) which is now establishing itself as major support around $2,920. This area aligns with the previous week's high, creating a strong technical foundation. Key observations: Breakout Confirmation: Gold has not only broken above the consolidation...

TheGoldenCircle

Gold is currently trading at 2,987, showing significant bullish momentum after breaking above its previous all-time high of 2,956.73 (weekly pivot level). The recent price action showing strong upward momentum with a clear breakout pattern ,Gold has successfully broken and established price action above the previous all-time high of 2,956.73, which is now acting...

TheGoldenCircle

Bitcoin Looking good here for short term, If bulls able to hold price above 80K then we can expect a good bullish rally for short to mid term towards 95k and then 100K.

TheGoldenCircle

Looks like my previous analysis on silver played out exactly as expected! That black arrow path we discussed when silver was trading in the 29-30 zone has materialized beautifully, bringing us to our current price of 32.74. Current Technical Picture Silver is giving us some strong bullish signals right now. After testing the immediate support zone at 31.80-32.20...

TheGoldenCircle

After breaking down from its trading range,gold quickly found buyers near the 2880 level, demonstrating strong support in that area. The bounce was impressive, pushing price back into the key decision zone between 2900-2930 (clearly visible as those two horizontal rectangles on the chart).Right now, gold trading at 2914.44, right in the middle of this range area....

TheGoldenCircle

So, Gold has been following the anticipated downward movement as predicted...the price has broken below the significant 2900 psychological support level. More downside potential exists as price now breakdown the consolidation zone and buying will be valid only after a decisive breakout and close above 2930 or Better buying opportunities likely to emerge at lower...

TheGoldenCircle

Previous Support Turned Resistance: The 91,000-93,000 range that previously acted as support has now flipped to resistance, confirming a classic price action principle. Diagonal Trendline Support: Currently, price is respecting an upward diagonal trendline (marked by the red lines on the chart), providing short-term support. Market Structure: Bitcoin experienced...

TheGoldenCircle

The recent price action shows gold has rejected the R1 resistance level at 2,932.06 and appears to be forming a local top. A correction appears likely, with potential downside targets at: First support at P (2,882.39) If broken, a deeper correction to S1 (2,808.47) or low is possible. After this corrective phase completes, I anticipate a strong bullish...

TheGoldenCircle

The current price is near the Daily Open and below the Previous Week High , suggesting a potential rejection zone where supply might dominate. The recent pullback (as shown by the red arrow) indicates that smart money may be ready for another liquidity grab or correction to test lower demand zones. A bearish reversal from the current level could form, Price is...

TheGoldenCircle

Current Price Action The price has formed a clear downtrend over the recent sessions, breaking below a previous uptrend line (marked in green) There's notable selling pressure as price has dropped from recent peaks and is showing a bearish momentum(In line with my last post on gold). Short-Term Outlook (Within Current week): I am expecting potential bottoming...

TheGoldenCircle

The recent price action shows a sharp spike followed by a pullback, with a notable gap between approximately 81XXX and 84XXX. This gap suggests a rapid move that wasn’t fully filled, which could act as support in current correction phase. The overall trajectory from 2023 to early 2025 shows that Bitcoin is in a strong bull market, potentially driven by...

TheGoldenCircle

The price has been climbing steadily, breaking through multiple levels, and it looks like it’s riding an ascending trendline on H4 (that green line sloping upward). However, around February 11,14 and 21st, there’s a noticeable pullback or consolidation phase, with the price forming a small range before shooting up again. This suggests buyers stepped in at a key...

TheGoldenCircle

Key Observations to Current Price Action: - Recent price action shows a strong impulsive move up from the green support zone (2770-90) - The current structure suggests that we're potentially entering a corrective phase followed by continuation of the bullish trend as marked with black arrows. - The green zone that I marked on chart can act as an institutional...

TheGoldenCircle

So it seems like gold is moving against my expectation for a pullback/consolidation (Black arrow path ) a correction before continuing its bullish trend. The price broke through monthly R1(2871)in Today's bull run and now testing the weekly resistance R1 (2907), indicating a strong bullish sentiment in the market. If this momentum keeps up, we could see gold...