wealthsmith23

Primary bias: Bearish retracement expected. Next move: Short-term fake-out or range compression → drop to $101,700 support. Risk note: This structure is a pullback within a larger bullish trend; short may be counter-trend if higher timeframe remains bullish.

Price is currently retesting a descending trendline after a short-term pullback. The setup indicates bearish momentum as price approaches the supply zone (resistance area) between 110,100 – 110,750. A rejection from this zone could trigger a downward continuation toward the 106,300 region, aligning with previous liquidity levels. Bias remains bearish unless price breaks and holds above 110,800 with strong momentum.

Gold has reached a strong resistance zone around $3,470 – $3,480. From this level, I expect a potential rejection and a bearish move toward the next major support zone around $3,323. 📉 Bearish Outlook Resistance: $3,470 – $3,480 First Target: $3,420 Final Target: $3,323

S&P 500 (US500) is showing bearish momentum, targeting a move down to 6,382.2. The market favors sellers below recent resistance, so maintain a short bias. Place stops above the latest swing high to manage risk.

Gold (XAU/USD) is showing signs of weakness, targeting a move down to 3323.606. The market favors sellers below recent resistance, so maintain a short bias. Place stops above the latest swing high to manage risk

Gold (XAUUSD) is currently in a short-term downtrend and is likely to continue dropping towards $3200 and $3137 support levels, as long as price stays below the $3325-$3365 resistance zone. Traders may look for sell opportunities on lower timeframe pullbacks or rejections near broken support.

Bitcoin (BTC/USD) is showing signs of a strong bullish reversal off a major demand zone at $98,000.** If price holds above this level and confirms with continued bullish candles, the likely trajectory is toward the resistance zone around $110,000–$111,200. The forecast structure suggests a clean trend recovery pattern. However, manage risk tightly — as a breakdown below the demand zone could flip the narrative to bearish.

The $3,390 support level remains a key battleground for bulls and bears. A strong hold here opens the path for a high-momentum breakout, potentially propelling XAU/USD to test the $3,720–$3,760 region. This setup offers a clear structure, supported by both price action and historical behavior, making it a high-probability bullish opportunity — provided the zone remains intact.

Currently, BTC/USD is approaching a key supply zone between $107,800 – $108,600, where price previously faced strong rejection. My expectation is that price will react similarly upon retest. 🧠 Trade Idea: I'm anticipating a fakeout or liquidity grab above the zone, followed by a lower high formation. Once this confirmation occurs, I’ll be looking for a short entry, targeting the major demand zone below, around $100,800 – $101,600. ✅ Confluences: Previous price rejection from this same resistance zone. Clean bearish imbalance below that still needs filling. Lower timeframes showing signs of exhaustion as we approach resistance. 🕵️‍♂️ Entry Trigger: I’ll wait for bearish price action within or just above the yellow resistance zone (e.g. bearish engulfing, lower high, or break of structure). 📉 Target: TP Zone: $101,000 area SL: Just above the fakeout zone to manage risk effectively.DONE

Fibonacci Retracement Levels The chart uses Fibonacci retracement from a low of around $60,290 to a high of $107,187 to find potential support and resistance levels. Key levels: 0.236 (23.6%) at $96,119 (resistance) 0.382 (38.2%) at $89,272 0.5 (50%) at $83,738 (current price zone) 0.618 (61.8%) at $78,205 (strong support) 0.786 (78.6%) at $70,326 Current Price Action BTC is currently trading around $83,361. It has retraced to the 50% Fibonacci level, which is often seen as a critical zone for trend continuation. Trend Projection A downward trendline was broken, suggesting a possible trend reversal. A bullish move (red arrow) is projected, targeting the green resistance box around $116,000 - $120,000. The price needs to break above $89,272 and $96,119 to confirm this upward move. Key Takeaway If BTC holds above the 50% retracement level and continues upward, it could be aiming for a new high. If it fails, it may retest the $78,205 or $70,326 support levels before another attempt at breaking out.we still bullish