CandleStickGuru

Need the 30 minute candle to close above 83900, then wait for a retracement for the next candle and enter at the break of the high. Potential target is 84800. Retracement for the move can come up to 83200. If price breaks below that level, then we can exit the trade.I have closed 50% of the trade with the remaining at break even. If it comes to my entry I will take the 50% and wait for another setup.

Following significant buying activity during the Asian session today, spurred by Trump's announcement on auto tariffs, gold prices have begun to cool off and are retracing towards the 3050 region. If the price reaches this level and forms support on the lower timeframes (30-minute to 1-hour charts), there may be an opportunity to take quick buy positions similar to yesterday's trades.At present, selling gold is not advisable, as tariff-related news could trigger volatility at any moment. For buy positions, it is recommended to wait for the price to retrace and confirm that buyers are actively stepping in. This approach minimizes risk and ensures a favorable risk-to-reward ratio.Wishing you a successful trading session and a fantastic Friday ahead!

Bitcoin has been selling off throughout the day today and looks set to tap into a major support level at 84500 to 85000. If we see a bounce from that level then we can anticipate price to reach around 86200, which could give us a good opportunity to ride the train down again.If the major support area does not hold, then we can look for candle closure below that to possibly take bitcoin towards the region of 83000 to 84000 today.

As highlighted in today's earlier update, the price has successfully retested the 3030 level and subsequently tested the 3037 level, which serves as a 30-minute resistance. If the price closes above this level and retraces to gather liquidity around the 3035 area, it could provide greater potential for upside scalping opportunities.For those who entered around the 3030 mark based on the earlier analysis, keep an eye on the 3037–3040 range for any notable reactions. If the price closes above 3037, we could see a smooth continuation. However, if the price falters and forms a strong bearish candle, consider partially closing your position while setting the remainder to breakeven. This approach leaves room for a fresh attempt during the New York session. Cheers!Target almost reached on the second idea as well. For continuation, price should not close below 3037 now. Cheers!

As highlighted in today's earlier update, the price has successfully retested the 3030 level and subsequently tested the 3037 level, which serves as a 30-minute resistance. If the price closes above this level and retraces to gather liquidity around the 3035 area, it could provide greater potential for upside scalping opportunities.For those who entered around the 3030 mark based on the earlier analysis, keep an eye on the 3037–3040 range for any notable reactions. If the price closes above 3037, we could see a smooth continuation. However, if the price falters and forms a strong bearish candle, consider partially closing your position while setting the remainder to breakeven. This approach leaves room for a fresh attempt during the New York session. Cheers!

Gold has successfully broken above the critical 3030 level, at least on the shorter time frames of 30 minutes and 1 hour. It has closed above this level and is now retracing slightly, possibly to test the area again. If the price holds above this level during the London session, further upward momentum is likely. The first target could be a retest of the 3050 level, and depending on the volume during the New York session—particularly at the New York Stock Exchange's opening at 9:30 AM EST—it might even attempt to retest its all-time high.Given this price action, the downside appears limited for now, and I wouldn't recommend shorting this market at the moment. Even though we're approaching the end of the month and quarter, when fund managers often rebalance portfolios or book profits from recent gains, the momentum currently seems firmly bullish. Shorts would only become a consideration if the price closes decisively below 3030, fails to reclaim that level, and gradually breaks below 3015. Until we see such developments, the current trend favors the bulls.Wishing you a great day and week ahead! Don't forget to like and subscribe to my channel to keep receiving free analysis and content.

Gold has been in a strong uptrend recently, but towards the end of last week and the beginning of this week, selling pressure has emerged, leading to increased downside momentum. It’s worth noting that this week marks the final full week of March 2025, signaling the end of the first quarter. During this period, money managers and funds may rebalance their portfolios, potentially taking profits on their long positions.For the remainder of the week, gold is likely to exhibit bearish tendencies unless it manages to break above the green downward-sloping channel (potentially resembling a flag pattern). Price action may test the 3,000 level, and there's a possibility of breaking below it. However, if gold finds support around the 3,000 area and holds steady, it could present an opportunity to consider long positions.Gold has broken the trendline to the upside, so the downside trade is not valid.

Waiting for the 5-minute candle to close below the 3020 level, then a break of the previous candle low to take the price to 3010 area. If the price does not close below 3020, then the trade idea is invalid.Trade is active, take some profits at 3015 and let the rest run. This trade should not be a losing trade now.Full target reached. Closed :)

If the current 15 minute candle pulls back and breaks the previous 15 minute candle high.first target is 3035 with a full target of 3040. Now that it has broken above 2030, it should stay above it for continuation. There is a little 5 minute structure around 3030 that we should look out for.It is reacting from the 2035 level so feel free to move stop loss to break even or take some profits. Our first target is 3035 followed by full target at 2040.

Price has been ranging in the lower timeframes after making a fresh high of around 3057. There are no significant data releases today so it could range further between the red resistance and green support zone. However, since today is Friday, we could see an end of week profit booking, which could make the way for some sells. But beware that gold has been in a massive uptrend fueled by geopolitics, and it could make a way up at any time. Any sells may have to be accompanied by regular profit booking and continuous monitoring since price to spike up at any time based on war tensions or tariff news.