My previous analysis played out very well, except I was concerned that we didn't reach the $3,180 area. With the ongoing trade wars and recent comments from Powell, the USD is weakening significantly, and we’re seeing a gold move unlike any I’ve experienced before—possibly the most bullish pattern yet.
Based on my analysis from the edge of the market, we can identify key breakout levels that must hold to continue pushing toward $3,700.
Watch the 1H and 4H wick and body formations:
1. If the 1H candle body can break above $3,500, we’ll likely continue making higher highs and higher lows toward $3,700.
2. If the 1H candle body fails to hold the $3,400 level, we might see the pullback I’ve been anticipating—possibly down to the $3,200 level >> and pullback towards $3700.
Based on my analysis from the edge of the market, we can identify key breakout levels that must hold to continue pushing toward $3,700.
Watch the 1H and 4H wick and body formations:
1. If the 1H candle body can break above $3,500, we’ll likely continue making higher highs and higher lows toward $3,700.
2. If the 1H candle body fails to hold the $3,400 level, we might see the pullback I’ve been anticipating—possibly down to the $3,200 level >> and pullback towards $3700.
Trade active
Trade active since $3405TP1: $3326 - Completed
TP2: $3230
Note
Hello on this Thursday!It's April 24th, and if we're following Smart Money Concepts, I’ve closed and re-opened my positions using liquidity grabs at key levels.
Reminder of the day:
Stay safe and remember—what you see isn’t always part of the process. It could be a trap or just short-term gains before the real move unfolds.
We need to watch the daily, 4-hour, and 1-hour candle closures closely. Always check key levels before shifting to a bearish or bullish bias.
Volatility during trade wars is unlike anything I’ve ever seen—3 to 5 times higher than usual, if not more. Be smart and always use proper risk management.
Have a great rest of your day!
Note
Hello everyone!Did anyone take the trade along the break levels? Let me know in the comments!
UPDATE:
We have reached a consolidation zone, which makes sense — a straight drop wouldn’t have been logical. The trade wars and geopolitical situation are now on hold as negotiations take place.
Recently, we saw Trump once again informally meet with the President of Ukraine. We are also gradually seeing European leaders visiting the U.S. to negotiate trade deals.
Trump is silently securing victories behind closed doors. He understands how a leader must act to gain a psychological advantage, especially since Europe without the U.S. is relatively weak. The U.S. has built its strength through a multicultural environment from the very beginning, attracting intelligent minds — just look at the companies and innovations they've developed. Elon Musk and his team are a great example, with SpaceX showing that anything is possible in America.
Of course, it takes a lot of hard work and leadership to build such a team. Without smart, hardworking people in the background, nothing is possible. These people aren't motivated solely by money; they seek challenges beyond their comfort zones. They want to work hard, tackle emotionally and intellectually demanding tasks, and achieve something extraordinary.
That's why strong leadership, which respects and empowers the team, is crucial — and Trump and Elon together are a powerful duo at the end of the day!
Trump may be causing turbulence in the markets now, but what if these tough times are actually creating new millionaires? Hard times bring new opportunities across different markets!
Keeping it short — we're experiencing a new wave of trading turbulence, pushing gold to new heights. I’ve never seen such volatility before — but you know what?
This is great for us traders because we can learn and grow stronger through it. If we survive this period, we’ll become unbreakable.
Always remember: after darkness comes light. Uncomfortable situations force us to work harder, which brings both positive and negative experiences — but ultimately, we thrive because strength is never built through weakness.
Gold is currently making a pullback. Let's see what comes next — we might see a new ATH (all-time high) or a short-term correction.
I’ll keep you updated!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.