Weekly Market Update: GOLD, BTCUSD & GER40, Apr 7th – 13th, 2025
NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.
GOLD – SPOT: Buying On Retracement Lower & After Price Action Signal At Or Within The $2956 – $2998 Support Area
Comments: The Potential Bullish Fakeout + Giant Pin Bar Setup that had formed late last week didn’t trigger (We did not consider trading this setup, nor did we mention it).
Potential Trade Signal: We are looking to buy on a retracement lower and after a clear price action buy signal, at or within the $2956 – $2998 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
BITCOIN – BTCUSD: Selling On Retracement Higher To Within The Range Of Bearish Pin Bar Signal
Comments: Price formed a Multiple Inside Bar Pattern overnight (We are not considering trading this pattern).
Price moved lower from the recent Bearish Pin Bar Signal that had formed mid last week (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to sell on a retracement higher to within the 50% range of the recent Bearish Pin Bar Signal that had formed mid last week.
To Trade This Market With Our Preferred Broker, CLICK HERE
GER40 – CASH: Selling On Retracement Higher & After Price Action Signal At Or Below 21093 Resistance Level
Comments: Price moved significantly lower from the recent Bearish Pin Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or just below the 21093 short-term resistance level.
To Trade This Market With Our Preferred Broker, CLICK HERE
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
