Chart Patterns
XRP - Trade The Range!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈XRP has been trading within a range between $2 and $2.35 in the shape of a flat rising broadening wedge pattern in red.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #XRP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin,when it’s all said and done.Bitcoin has no reason to revisit under 100k before a new high. Although markets are manipulated by large players often, it’s usually to change market sentiment for those who are over leveraged and ignorant of the whale games. If it were to wick down to below 100k, I strongly believe it will reverse violently to the upside surpassing ATH. There will be no WWIII. Believe in righteousness and give peace a chance.
EURUSD Coiling pattern, energy build up support at 1.1520EUR/USD Technical Analysis
Trend Overview:
EUR/USD continues to exhibit bullish price action, supported by a rising trend structure. The recent intraday movement shows signs of sideways consolidation, suggesting a potential continuation pattern rather than reversal.
Key Support Level:
1.1520 – Marks the lower boundary of the previous consolidation range and serves as a critical pivot for directional bias.
Bullish Scenario (Primary Bias):
A corrective pullback into the 1.1520 zone followed by a bullish reversal would confirm continued upward momentum.
Upside targets include:
1.1664 – Near-term resistance.
1.1723 – Mid-term target.
1.1780 – Long-term resistance aligned with prior highs.
Bearish Scenario (Invalidation):
A decisive break and daily close below 1.1520 would invalidate the current bullish outlook.
This would signal a shift toward a deeper correction, targeting:
1.1460 – Initial retracement level.
1.1345 – Major support zone on a broader timeframe.
Conclusion:
The broader trend in EUR/USD remains bullish, with the 1.1520 level acting as a key support threshold. A bounce from this level would support continued upside movement toward 1.1780. However, a confirmed break below 1.1520 would shift momentum to the downside and expose the pair to a deeper retracement.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GOLD The relationship between gold, the 10-year U.S. Treasury bond yield, and interest rates has traditionally been a key focus for investors. Historically, gold prices and bond yields have shown a strong inverse correlation, but recent years have seen some deviations due to shifting macroeconomic and geopolitical dynamics.
1. Gold and 10-Year Bond Yield
Inverse Correlation:
For nearly two decades, gold and the 10-year Treasury yield moved in opposite directions: rising yields made bonds more attractive relative to gold (which pays no interest), causing gold prices to fall, and vice versa.
Recent Divergence:
Since 2022, this relationship has weakened. Despite rising yields, gold prices have remained strong or even increased, largely due to unprecedented central bank gold buying and heightened geopolitical risks.
Current Data:
As of June 16, 2025, the 10-year Treasury yield is approximately 4.46%, up from 4.20% a year ago. Gold prices remain elevated, reflecting persistent demand despite higher yields.
2. Gold and Interest Rates
Opportunity Cost Effect:
Higher interest rates increase the opportunity cost of holding non-yielding gold, typically leading to lower gold prices. When rates fall, gold becomes more attractive, supporting price gains.
Real Interest Rates:
The most relevant metric is the real interest rate (nominal rate minus inflation). Gold’s correlation with real yields is strongly negative (historically around -0.82): when real yields fall or turn negative, gold prices rise as investors seek alternatives to low or negative real returns.
Central Bank Policy:
Expectations of rate cuts by major central banks, such as the Federal Reserve, tend to boost gold prices by lowering real yields and the dollar’s appeal.
Real interest rates (adjusted for inflation) are the most important driver for gold’s price direction.
As of June 2025, the 10-year Treasury yield is 4.46%, with markets watching for potential rate cuts that could further support gold prices.
Conclusion:
While gold traditionally moves opposite to bond yields and interest rates, the relationship has become more complex in 2025. Central bank demand, geopolitical risks, and real interest rates now play a larger role in gold price dynamics alongside traditional monetary policy factors.
Is gold a short-term correction or a bull market turning point?Market news:
The London gold price has experienced a significant correction after hitting an eight-week high. Spot gold fell more than 1% on Monday, wiping out all the gains of last Friday. However, the escalation of geopolitical tensions in the Middle East, especially the continued conflict between Israel and Iran, still provides support for international gold prices. The upcoming Federal Reserve policy meeting has become the focus of market attention.The continued tension in the Middle East is an important driving factor for the recent fluctuations in spot gold. The conflict between Israel and Iran has escalated significantly since June 12. Israel's air strikes on the Iranian National Radio and Television Building and the Natanz uranium enrichment plant have caused serious damage to Iran's nuclear facilities. In addition to geopolitical factors, the policy trends of the Federal Reserve also have an important impact on international gold.For gold, the Federal Reserve's maintenance of high interest rates usually puts pressure on its price, because gold, as an interest-free asset, is less attractive in a high-interest rate environment. However, geopolitical risks and rising inflation expectations may offset some of the negative impacts, causing gold prices to remain volatile in the short term. Investors should pay close attention to the latest developments in the situation between Israel and Iran, the results of the G7 summit, and the Federal Reserve's economic forecasts, while being wary of the short-term impact of market sentiment and technical factors on gold prices. The monthly rate of US retail sales (commonly known as "horror data") will also be released on this trading day, and investors also need to pay close attention!
Technical review:
Technically, the daily price of gold is still running above the MA10/7-day moving average at 3364, the RSI indicator is above the value of the middle axis 50, and the price is running in the upper track of the Bollinger Band channel. The short-term four-hour chart MA10/7-day moving average high 3420 dead cross opens downward, the price pulls back to the middle track of the Bollinger Band, and the RSI indicator retreats to the middle axis. The short-term formation is a bearish shock and fall, but the gold price is still in the buying structure channel on the daily and weekly charts. The main idea of today's trading is to sell at a high price and buy at a low price! Gold began to pull back when the situation eased. The fermentation of this round of news was relatively restrained by large funds, and did not test the high point of 3500 upwards. Overall, the increase in gold prices was not large, and there was still a process of pulling. The fundamentals have not changed, and gold is still in a bull market. As we said before, if we keep above the key point of 3400, gold will continue to be bought. Now that it has fallen below 3400, the short-term has gone out of the small-level top, and the market is no longer so strong. For our short-term operations, the short-term correction of gold prices should focus on the daily cycle MA5 support and the weekly level MA5 support to buy!
Today's analysis:
Gold continues to weaken in the short term. After the rapid decline last night, the rebound strength is not strong at all. It is obvious that there is a large selling pressure above. For the market that broke the original upward trend, we also said last night that the decline is not very large. It just changed from buying to shock. Our intraday operations can be sold in the short term first!Although gold has fallen below 3400, the short-term direction has changed, but the general direction has not changed. It is still buying. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize before we go to buy the bottom. I will say later that in the current market, we can only follow the trend. We will do whatever the market goes!
Operation ideas:
Buy short-term gold at 3383-3385, stop loss at 3372, target at 3420-3440;
Sell short-term gold at 3420-3423, stop loss at 3432, target at 3390-3370;
Key points:
First support level: 3383, second support level: 3372, third support level: 3353
First resistance level: 3418, second resistance level: 3430, third resistance level: 3450
GBPUSD Approaching Key Supply Zone – Watch This Breakout The British Pound is currently trading around 1.3591, showing bullish momentum — but it's now pressing against a major daily supply zone near 1.3620 - 1.3577. This area has historically rejected price action, making it a critical point of interest.
🔵 Key Resistance Zone (Supply): 1.3577 - 1.3620
🔵 Next Support Levels to Watch If Rejected:
• 1.2967 (Mid-level structure & former resistance)
• 1.2744 (Weekly support)
• 1.2273 (High-demand zone + March accumulation zone)
🔻 Bearish Outlook (if rejection occurs):
Expect sellers to step in strongly around this supply zone. A confirmed rejection here could trigger a multi-leg bearish correction toward the 1.2967 level, and possibly even the 1.2470 or 1.2270 demand zones below.
📌 Bullish Case:
A breakout above 1.3620 with strong volume could signal a continuation of the bullish trend, targeting new highs into Q3.
🧠 Strategy Tips:
• Look for bearish candlestick confirmation on the daily around 1.3577 - 1.3620
• Monitor fundamentals — especially upcoming UK & US economic data
• Use a tight SL above the zone if shorting, or wait for a confirmed retest breakout to go long
📅 Timeframe: Daily (1D)
🔍 Indicator: Supply & Demand Visible Range (LuxAlgo)
📊 What are your thoughts — rejection or breakout? Let’s discuss in the comments!👇
#GBPUSD #ForexAnalysis #PriceAction #SupplyAndDemand #SmartMoney #DailyChart #ForexSetup #BreakoutOrBounce #FXCM #LuxAlgo #TradingView #FrankFx
Gold is rising in the shock!
From the analysis of the 1-hour chart, pay attention to the long-short watershed of 3360-3365. If it stabilizes at this position, it is expected to further bottom out and rebound. The upper short-term resistance is around 3410-3420, and the support is 3377-3380. Rely on this range to see the wide range of long and short shocks during the day. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the session, and pay attention to it in time.
Buy gold when it falls back to the 3375-3383 range, and continue to buy when it falls back to the 3360-3364 line. The target is 3415-3420, and continue to hold if it breaks;
EURUSD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.1588
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1555
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
NML LONG TRADE 17-06-2025NML LONG TRADE (1H)
Rationale: NML previously surged in a vertical uptrend, then consolidated in a trading range with various chart patterns. The stock is now poised to break out and resume its upward journey.
🚨 TECHNICAL BUY CALL –NML🚨
- Buy 1: Current level (Rs. 126.5)
- Buy 2: Rs. 122.6
- Buy 3: Rs. 119.1
- TP 1: Rs. 132
- TP 2: Rs. 138
- TP 3: Rs. 144
Stop Loss - Below Rs. 115 closing basis
Risk-Reward Ratio- 1: 3.1
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
USD/JPYIn my previous analysis, I held a long bias on USD/JPY; however, recent geopolitical tensions and market-moving news have shifted the outlook. The pair has now broken below a key trendline, forming new lower lows, suggesting a potential change in structure.
At this point, two possible scenarios could unfold:
Scenario 1: USD/JPY may retest the breakout zone around the 145.000 level before continuing its move downward.
Scenario 2: The pair may continue its bearish momentum, break through the next significant support at 142.480, and potentially offer a shorting opportunity following a confirmed retest of that level.
Although the chart has shown mixed signals with both bullish and bearish formations, I’m reminded of an insightful quote I read this morning by Mihai_Iacob: “Trade the chart, respect the world around it.”
With that in mind, I will continue to focus on technical structure while remaining mindful of external factors such as geopolitical events and high-impact news that could influence volatility and market direction.
PLTR NEVER disappoints Market Context
NASDAQ:PLTR | Current Price: $120.28
1-Month Move: +50.83% (from $82.30)
1-Year Move: +449.91% (from $22.60)
Options Data
IV Rank: 77.2 (juicy premiums )
Put/Call Ratio: 0.90 (slightly bullish tilt )
Max Pain: $115.00
High OI: $125 calls , $110 puts
Trade Setup
Strategy: Single-leg, naked call (bullish, defined risk)
Instrument: PLTR
Direction: CALL
Strike: $130.00 (premium $0.85, fits $0.50–$1.00 band)
Expiry: 2025-05-09 (first weekly post-earnings)
Entry Price: $0.85
Entry Timing: Pre-earnings close (2025-05-05)
Profit Target: $1.70 (~100% gain )
Stop Loss: $0.43 (~50% loss )
See you after earnings.
BEST Ai Signals on the market :)