Chart Patterns
Gold Takes the Throne as Safe Haven AgainThe recent escalation in the Middle East — particularly Israel’s surprise strike on Iran — has stirred up significant volatility in global financial markets. Oil prices surged, stock markets around the world turned red, just as many had predicted. However, in a surprising twist, capital did not rush into the usual safe havens like the US dollar or Treasury bonds. Instead, it flowed decisively into gold.
In fact, US Treasury yields have soared from 3.98% in April to around 4.42% now. This surge doesn’t signal growing confidence — it reflects investor demand for higher returns to compensate for the rising risk of holding dollar-denominated assets.
Against this backdrop, gold is emerging as an “unshackled safe haven” — immune to political instability tied to fiat-currency-issuing nations. The precious metal is once again proving its value in times of global uncertainty.
GOLD/USD suggests a potential reversal from point D downward.🟢 Chart Instrument
Symbol: CFDs on Gold (US$/OZ) – XAU/USD
Timeframe: 4H (4-hour candles)
Platform: TradingView
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📐 Harmonic Pattern
The chart displays a Bearish Gartley pattern, typically identified by the labeled points X-A-B-C-D.
This pattern suggests a potential reversal from point D downward.
Fibonacci ratios are visible:
AB = 0.618 retracement of XA
BC = 0.886 retracement of AB
CD = 1.27–1.618 extension of BC
Pattern completes at point D (where the short trade is suggested).
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📉 Trade Setup (Short/Sell Bias)
Entry Zone: Around 3,415 – 3,520 USD (highlighted red zone)
Target Zone: Near 3,135 USD (marked “TARGET”)
Stop Loss Zone: Above 3,520 USD (indicated in red box)
Expected Movement: Sharp drop from resistance area to target support zone.
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🧱 Support Zones
Two key support levels are marked:
1. First target zone at ~3,135
2. Broader support range: 3,000 – 3,080
These support levels are likely areas where price could reverse or consolidate after falling.
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📆 Timeframe Focus
The projection extends toward Wednesday, June 25, suggesting this is a medium-term swing setup over the coming 1–2 weeks.
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✅ Summary
Pattern Type: Bearish Gartley
Action Plan: Wait for price to hit entry zone (point D), then short with target at 3,135.
Risk/Reward: Clearly defined with stop-loss and target zones
XAU/USD Builds Bullish Momentum for Potential Upside MoveXAU/USD has formed a classic bullish flag pattern on the daily chart, indicating a continuation of the strong upward trend. After a sharp impulsive rally, the price consolidated in a downward-sloping flag, which has now been broken to the upside. This breakout signals renewed bullish momentum, supported by rising moving averages and price action holding above key support levels. The breakout candle shows strong volume and conviction, increasing the probability of further gains. As the market maintains its bullish structure, traders may look for continuation towards higher resistance levels in the coming sessions.
Entry Point: 3410
First Target: 3451
Second Target: 3530
AMD First touch of 1W MA50 after 8 months!Advanced Micro Devices (AMD) hit today its 1W MA50 (blue trend-line) for the first time in almost 8 months (since October 28 2024). This is a crucial test as the las time this level broke as a Resistance following a Channel Up bottom rebound was on the week of January 30 2023.
When that happened, the Bullish Leg extended the upside to complete a +143.12% rise, before the next 1W MA50 pull-back.
As a result, if we close the week above the 1W MA50, we expect to see $185 before the end of the year.
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16/06/25 Weekly OutlookLast weeks high: $110,507.76
Last weeks low: $102,655.69
Midpoint: $106,581.52
With all eyes on the ever escalating geo-political landscape, how did BTC react and what can we see for this week?
The initial move higher broke through the previous weeks high with strength before a triple top just under ATH, then falling back down towards the lows of $102,650 which was the previous weeks midpoint, both levels were key battlegrounds as pointed out in the last weekly outlook.
Now the midweek fall off could be blamed by the escalating conflict in the middle-east, that is an argument that has merit as risk-on assets naturally take a hit when uncertainty enters the market. From a TA standpoint BTC had three separate attempts at $110,500 and failed it, the bulls therefore have to retreat as the battle is lost and have expended their resources. So I see it as a both FA and TA are responsible for the move.
As the week starts with a positive early move the orderblock at 0.75 line looks like the next key battleground, rejection at that level would see BTC enter a more rangebound environment within the weekly range. Flipping $108,500 makes a weekly high retest probable IMO.
I do believe that the geo-political aspect will play a role this week so volatility is expected.
Good luck this week everybody!
Gold Cooling After Spike – $3375 Key Level to WatchBy analyzing the gold chart on the 4-hour timeframe, we can see that after surging to $3450 amid the Iran–Israel conflict, gold faced a pullback following a liquidity sweep above that level.
Currently, gold is trading around $3392, and after a potential correction down to $3375, I expect to see further upside movement.
⚠️ Stay cautious — gold remains highly volatile and sudden moves are likely!
GPLD (XAUUSD) Breakout or Trap? Triangle Breakout AheadGold (XAUUSD) is forming an Ascending Triangle pattern, approaching a crucial resistance zone. Price action indicates potential for either a breakout or a false breakout (trap). Key targets and rejection levels are clearly marked on the chart. Stay alert for a possible rejection near the upper trendline or a breakout confirmation above the resistance zone.
This analysis is for educational purposes only — not financial advice. Always manage risk properly.
XAUUSD Long Setup – Retest of Broken Structure & Safe-Haven FlowGold has pulled back to retest a strong former resistance (now support) zone around $3,385–$3,390. This level aligns with a previous breakout and marks the neckline of an inverted head-and-shoulders pattern. The pair is now showing bullish structure with back-to-back continuation patterns (bull flags), suggesting further upside potential.
Given escalating geopolitical risk (Iran-Israel strikes, Trump-led evacuation urgency), slowing Fed cut expectations, and softening inflation-adjusted yields, gold remains in demand.
🔍 Technical Analysis:
Structure: Higher highs and higher lows maintained.
Support Zone: $3,385–$3,390 (retest zone) – bulls stepping back in.
Targets:
TP1: $3,451
TP2: $3,470
TP3: $3,495 (new local high)
Stop Loss: Below $3,369 (recent low)
Pattern Context: Bull flags continue to form and break bullish – reinforcing trend.
🧠 Fundamental Context (June 17):
Bullish Drivers:
Middle East escalation → safe haven bid surging (Iran missile launches, Israeli retaliation, US political chaos).
Fed on pause → real yields are subdued, favoring non-yielding assets like gold.
Convexity & bond volatility rising → investors hedging with hard assets (confirmed via CME sentiment reports).
Risks:
Sudden peace deal or ceasefire.
Unexpected US CPI spike → reawakens rate hike fears.
📅 Key Events to Watch:
Fed speeches (confirmation of dovish tone)
Any ceasefire or major diplomatic development
Oil movement (energy risk spillovers)
GBPUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my GBPUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
SPY/QQQ Plan Your Trade for 6-17: Top Resistance PatternToday's pattern suggests the SPY/QQQ will move into a type of topping pattern, attempting to identify resistance, then roll away from that resistance level and trend downward.
I suggest the news related to the conflict between Israel & Iran may continue to drive market trends with traders moving away from uncertainty near these recent highs.
Silver makes a big move higher. Gold will likely follow later this week or early next week.
BTCUSD moves into a sideways FLAGGING pattern - possibly attempting a BIG BREAKDOWN event over the next few weeks.
Overall, the markets look like they are poised for a very big move - just waiting for the GREEN LINK (GO).
Stay safe. Protect capital and HEDGE.
Get some.
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Bitcoin will make a small upward move and then continue to fallHello traders, I want share with you my opinion about Bitcoin. Earlier, the price was confidently growing inside an Upward Wedge, showing a series of higher highs and higher lows. This rising structure was supported by consistent momentum until BTC reached the seller zone between 110300 and 111100, where the growth slowed down and started to fade. From there, the price rejected this resistance and shifted into a Range, bounded by 100500 and 110300. BTC has been fluctuating inside this horizontal structure for some time, unable to break above the seller zone or below the buyer support. Now BTC is showing signs of weakness, forming a minor correction and struggling to reclaim previous highs. Given this structure and rejection from the seller zone, I expect BTC to make a small upward move and then start a decline toward the support level at 100500, which also coincides with the bottom of the range and acts as a strong psychological level. For this reason, I set my TP at 100500 points. Please share this idea with your friends and click Boost 🚀
BTC is Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈BTC has been overall bullish trading within the rising channel marked in blue.
Moreover, the red zone is a strong structure!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC 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
DeGRAM | GOLD kept the rising channel📊 Technical Analysis
● Price rejected the channel roof near 3 435 again, carving a small evening-star and slipping back under the May trend-median 3 370 — a repeat of April/May fades.
● Bearish RSI divergence plus a break of the micro up-sloper (last three sessions) tips for a rotation toward the lower rail/3 295 support; loss of that opens the April pivot at 3 225.
💡 Fundamental Analysis
● Sticky US retail-sales and hawkish Fed comments keep 2-yr yields near 4.8 %, firming the DXY, while CFTC data show specs cutting longs for a second week — limiting bid depth.
✨ Summary
Sell rallies 3 410-3 430; sustained trade below 3 366 targets 3 295, stretch 3 225. Short view void on an H4 close above 3 450.
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EUR/USD Potential Reversal from Resistance Zone –Bearish OutlookThe EUR/USD pair has been trading within a well-defined ascending channel for several weeks. Price recently tested a strong resistance zone near 1.15850 – 1.16000, which aligns with the upper boundary of the channel and a previously marked supply area.
Key observations:
The price action shows signs of rejection from the resistance zone with a potential double-top or fakeout pattern forming.
A projected bearish trajectory is marked, suggesting a possible break below the channel support.
Immediate bearish targets are set at key demand zones around 1.14500, 1.12500, and further down to 1.10500.
A large red arrow indicates the strong downside bias if the price confirms the breakdown.
Conclusion:
If EUR/USD fails to sustain above the 1.15850 resistance zone and breaks below the ascending channel, a strong bearish correction is anticipated. Traders should watch for confirmation of the breakdown before entering short positions.
USDJPY – Triangle Complete? Wave (v) Setup BuildingWave (iv) appears to be ending with an (e) wave tag into the 0.764 retracement.
📉 Price remains capped within the contracting triangle — watching closely for breakdown confirmation.
If this plays out, wave (v) of C could now begin unfolding with initial focus on 140.00 and below.
🧩 Structure: (a)-(b)-(c)-(d)-(e) triangle complete
📏 Final wave (e) aligns with 0.764 retracement and structural resistance
⚠️ RSI divergence + weakening momentum support the bearish scenario
OIL 2 Best Places For Buy Very Clear , Don`t Miss This 1000 PipsHere is my opinion on oil , we have a very aggressive movement to upside and this is normal right now , i`m looking to buy this Pair if the price go back to retest my support and this will be the best place to buy it for me , and if the price moved directly without retest it i will wait the price to break the other res and then i can enter a buy trade and targeting the highest level the price touch it , also if the price go back to retest my support and go up and closed above the other res i will add one more entry with the same target.
EUR/USD) back to bearish Trand Read The captionSMC trading point update
Technical analysis of EUR/USD pair on the 2-hour timeframe. Here's a breakdown of the idea behind the analysis:
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Trading Idea Summary: EUR/USD Bearish Reversal Setup
1. Rejection at Resistance Zone
Resistance Level (~1.1600): Price has tested this level twice (red arrows) and faced strong rejection, suggesting it’s a firm supply zone.
This double top near resistance signals potential downside pressure.
2. Bearish Market Structure
Price action shows a break in short-term bullish momentum.
Bearish trend arrows and structure indicate expected continuation to the downside.
3. EMA Resistance
The 200 EMA (blue line) at 1.14356 is above the key support zone, acting as dynamic resistance, reinforcing the bearish outlook.
4. Target Levels
First Target: 1.13694 (Key Support Level)
Previous structure zone with strong historical price reaction.
Final Target: 1.12025 (Major Support Zone)
Larger demand area where buyers previously stepped in.
Mr SMC Trading point
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Conclusion
This analysis suggests a potential short setup with confirmations from:
Repeated resistance rejection
Bearish price structure and trend arrows
EMA as added confluence
Clear downside targets: 1.13694, then 1.12025
> Bearish bias remains valid unless price reclaims and closes above the resistance zone (~1.1600).
pelas support boost 🚀 this analysis)
WTI Crude Oil Regains Bullish MomentumWTI Crude Oil Regains Bullish Momentum
WTI Crude oil prices climbed higher above $70.00 and might extend gains.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices started a decent increase above the $65.00 and $68.50 resistance levels.
- There is a major bullish trend line forming with support at $71.50 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a decent upward move from $65.00 against the US Dollar. The price gained bullish momentum after it broke the $68.50 resistance and the 50-hour simple moving average.
The bulls pushed the price above the $69.50 and $71.50 resistance levels. The recent high was formed at $74.80 and the price started a downside correction. There was a minor move below the 50% Fib retracement level of the upward move from the $69.55 swing low to the $74.83 high.
The RSI is now below the 60 level. Immediate support on the downside is near the $71.50 zone. There is also a major bullish trend line forming with support at $71.50 and the 61.8% Fib retracement level of the upward move from the $69.55 swing low to the $74.83 high.
The next major support on the WTI crude oil chart is near the $69.50 zone, below which the price could test the $67.90 level. If there is a downside break, the price might decline toward $65.20. Any more losses may perhaps open the doors for a move toward the $63.75 support zone.
If the price climbs higher again, it could face resistance near $72.50. The next major resistance is near the $74.80 level. Any more gains might send the price toward the $78.50 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Maple (SYRUP) Bullish Impulse, Final Target & Correction Support+553% since its 7-April bottom, but the third wave is already in. Notice how the volume is super high until 15-May but then it drops as prices continue higher. This means that only the fifth wave remains. After the completion of the fifth wave there should be a correction before additional growth.
The two main targets for this current bullish impulse are shown on the chart but it can go higher of course. A number came up around $1.23 but this chart is just too young.
Once the correction starts, the main support will be where the 1.618 Fib. extension is now. Can wick lower but the 0.786 isn't likely to be tested. Maple Finance SYRUP.
Namaste.