I'm watching the $4,047 area closely for potential long opportunities. This zone lines up with a key Fibonacci retracement and sits just below the current support region, making it an area where buyers could step back in.
If GOLD sweeps into $4,047 and shows a strong bullish reaction on the lower timeframes, I'll be looking for long entries targeting a move back towards the recent highs.
As always, I'll be waiting for confirmation before entering. Risk management remains key. #xau #GOLD
Today is one of the most important macro events of the month, with the Federal Reserve Interest Rate Decision scheduled for 8:00 PM (SA Time), followed by the FOMC Statement and Jerome Powell's Press Conference at 8:30 PM.
These events often create significant volatility across Bitcoin, Ethereum, altcoins, forex, gold, and the stock market.
What I'm watching:
📌 The Fed's decision on interest rates.
📌 Any changes in the FOMC statement regarding inflation and the economy.
📌 Powell's comments on future rate cuts and monetary policy.
If the Fed sounds more dovish than expected, risk assets like crypto could see a strong rally.
If the Fed delivers a hawkish message or pushes back against future rate cuts, we could see increased selling pressure across the markets. #crypto
$CRV is sitting at a major long-term support while trading inside a large descending triangle on the weekly chart.
Price has defended this support multiple times, and RSI is starting to show signs of recovering from oversold levels.
If buyers continue to hold this zone, a relief rally toward the upper trendline could be the next move. However, the overall trend remains bearish until that descending resistance is broken. This is a key level to watch. A strong reaction from here could set the tone for CRV's next major move. #crv
Gold has rallied back into a key intraday resistance zone, and I'm watching this area closely for signs of seller exhaustion. As long as price remains below this resistance, I favour a move lower.
I'm interested in the short side from the current area, with confirmation.
Entry Zone: $4,047
Targets I'm watching:
TP1: $4,036 TP2: $4,020 TP3: $4,011
Stop Loss: Above $4,056
This setup remains valid while Gold stays below the resistance zone. A clean break and hold above $4,056 would invalidate the idea, and I'll reassess the market.
As always, this is just how I'm personally viewing the market and managing my own trades. Wait for confirmation and manage your risk accordingly.
TOTAL3 continues to weaken, and if this sell-off extends over the coming days, I'll be watching the $608B support level very closely.
This is a major higher-timeframe support zone that could provide a strong relief bounce for altcoins if buyers step in.
For now, momentum remains bearish, but if TOTAL3 reaches the $608B area and shows signs of holding, I think we could see a meaningful recovery across the altcoin market. #crypto