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Multiple Time Frame Analysis

XAUUSD - Will Gold Hold $3,300?!Gold is trading above the EMA200 and EMA50 on the 1-hour timeframe and is trading in its ascending channel. If gold corrects towards the two demand areas, it can be bought with a risk-adjusted reward. Following a tense market open yesterday, driven by escalating military tensions between Russia and Ukraine, the two sides concluded their negotiations in Istanbul. According to an Axios correspondent, Russia presented Ukraine with a formal peace proposal during the talks, outlining terms for a ceasefire and an end to the conflict. Interfax reported that Russia issued an official memorandum listing its proposed conditions for achieving a ceasefire. Key points in the document include: • A full withdrawal of Ukrainian military forces from territories currently under Russian control, including Donetsk, Luhansk, Zaporizhzhia, and Kherson. • The complete removal of all existing economic sanctions and a mutual agreement to refrain from introducing new sanctions. • A proposal to reestablish economic relations, including the resumption of natural gas transit through Ukraine. • A demand for Ukraine to reduce its military personnel and weaponry, along with explicit guarantees of its non-nuclear status and a strict ban on deploying any nuclear arms on its territory. • The memorandum also calls for the termination of general military mobilization in Ukraine and the initiation of a demobilization process as part of the path toward a ceasefire. On the other side, Ukrainian President Volodymyr Zelensky announced that Kyiv and Moscow have agreed to a prisoner exchange involving 1,000 soldiers from each side. This exchange includes an additional 200 individuals per side compared to previous agreements. Zelensky described the deal as “another step in the right direction,” and noted that the lists of detainees would be exchanged between the countries later this week. In U.S. economic news, the latest update from the Atlanta Federal Reserve’s GDPNow model forecasts a 4.6% annualized growth rate for real GDP in the second quarter of 2025. This is an upward revision from the previous estimate of 3.8% released on May 30. The revision followed new data releases from the U.S. Census Bureau and the ISM. In particular, personal consumption growth was raised from 3.3% to 4.0%, while private domestic investment was adjusted from –1.4% to +0.5%. On the trade front, according to a draft letter obtained by Reuters, the Trump administration has urged participating countries to submit their best trade proposals by Wednesday. The goal is to accelerate talks with multiple partners ahead of a five-week deadline. This draft, issued by the Office of the United States Trade Representative, provides a glimpse into how President Trump plans to wrap up complex trade negotiations with dozens of nations. These negotiations began on April 9, when he temporarily suspended his “Freedom Day” tariffs for 90 days—until July 8—following turmoil across equity, bond, and currency markets in response to the broad scope of the tariffs. According to the draft, the U.S. is asking countries to submit top-tier offers across key areas, including tariff and quota proposals for importing American industrial and agricultural products, as well as plans to remove non-tariff barriers. Stuart Jenkins from Goldman Sachs stated that elevated tariffs on steel and aluminum have likely contributed to a weakening of the U.S. dollar. On Friday, President Trump announced that these tariffs would double starting Wednesday, reaching 50%. Although metals represent a relatively small portion of U.S. imports and the broader impact may be limited, Jenkins noted that this move illustrates the administration’s continued ability to impose tariffs, even in the face of potential legal challenges.
FOREXCOM:XAUUSDLong
by Ali_PSND
AUDCAD | HnS Pattern | 500pips DownPrice action has continued selling off after retesting the previous breakout below the neckline and will be looking to hit another 500pips+ When looking at local price action on lower timeframes the double top rejection at ~0.90 has entered a distribution phase which is signaling price to fall further with the first target at 0.88 and so on. For price to hit the last target around 0.855 I would like to see a break first then a retest/distribution phase.
Short
by Nathanl19
EURCAD BUYPrice is in a Weekly Uptrend. Price attempted to reverse with head & shoulders but failed instead making new higher low at (1.54797). Price is making rising higher lows and higher highs as it approaches head & shoulders neckline. Key Support & Resistance level that is tested multiple times at (1.56981 - 1.56659) the more a level is tested 80% chance it breaks. Rising trendline in H4.that price has respected. If price breaks and closes above 1.57608 the B.O is confirmed. For more conservative entry wait for the retest to confirm the BO and enter the trade
Long
by Victor_Kinyanjui
EURUSD Short June 2, 2025EURUSD Sell – June 2, 2025 Bearish narrative across the board. HTF aligned with daily OB + D trend, plus clear liquidity sitting at previous weekly and daily highs. On LTF, we had clean 15m bearish structure forming during Asia, and price tapped into the HTF OB during London open, rejecting from session high. Entry was based on tap (0.5% Risk) and will reenter with another 0.5% after 1m BOS. Partials taken at 1:3 RR, with final TP set at Asia low for full move.
Short
by sTax11
DXY Update..PWL takenGood day traders I’m back yet again with another update but this this it’s DXY(dollarindex)). Price has taken previous week’s low, and for me that’s the manipulation phase in the power of 3 because my bias is bullish on the dollar and bearish on foreign currencies. Price has taken the PWL in a zone/area where we saw price react higher in that BPR zone/area. For the rest of the week I personally believe we can expect higher prices on DXY, Atleast till the midpoint of that gap above price. ICT teaches more on the importance of that halfway/midpoint of gaps and other PD arrays. Since we are in a discount zone we can expect price to move higher into the premium range of the daily TF dealing range and our first liquidity (internal) is also inside the premium zone.
TVC:DXYLong
by FxPipMaster_TebohoMatla
XAUUSD - Gold is on the verge of a very important week!Gold is trading above the EMA200 and EMA50 on the four-hour timeframe and is trading in its ascending channel. I predict the path ahead for gold to be upward and if the resistance level is broken, we can look for buying opportunities. If gold corrects, we can also buy it with a reward at an appropriate risk. Gold prices experienced a mild decline over the past week, with market sentiment shaped less by fundamental shifts and more by mixed messages and scattered commentary around tariffs.Despite the noise, many traders chose to rely on data and technical charts rather than reacting emotionally—data that painted a more subdued picture than the headlines suggested. Rich Checkan, CEO of Asset Strategies International, responded confidently in a recent survey, predicting further gains in gold. “The trajectory for gold is clearly upward. Prices have stabilized around the $3,300 level and appear ready for a new rally, especially if the appellate court’s ruling on tariffs is upheld,” he said. Checkan also pointed to another macroeconomic factor that could support gold: “A new tax bill, described as large and costly, is set to be voted on in the Senate soon. If passed, it will likely widen the budget deficit, which historically leads to increased liquidity and rising inflation—a favorable environment for gold.” On Friday, the PCE inflation report showed easing price pressures, though not enough to put the Federal Reserve at ease. Core PCE (excluding food and energy) rose by 0.1% month-over-month and 2.5% year-over-year in April—matching expectations and slightly down from 2.7% the previous month. The headline PCE also increased 2.1% annually, just below the forecast of 2.2%. The key point: these data reflect the first month in which Trump’s new tariffs were active, yet there’s little evidence so far that they’ve caused inflation to rise. Still, the disinflationary trend remains sluggish and distant from the Fed’s 2% target. In its latest minutes, the Fed warned that inflation may prove more persistent than previously thought. Nick Timiraos of The Wall Street Journal, despite the seemingly positive PCE numbers, issued a cautionary note with four key insights: • The inflationary impact of tariffs is expected to begin showing up from May and be fully reflected in June’s data. This could accelerate goods price increases and disrupt the path of disinflation. • Last year’s monthly PCE figures were particularly weak (May: 0%, June: 0.1%, July: 0.2%). As these drop out of the annual calculation, even if monthly gains remain steady, YoY rates could rise mathematically. • The three-month average for Core PCE from May to October 2024 was only 0.1%. If upcoming monthly figures hit 0.2%, annual disinflation could stall or even reverse. • While the latest report is encouraging, the effects of tariffs and the removal of last year’s weak data could complicate the inflation trajectory. Looking ahead, market attention will focus heavily on a suite of crucial U.S. labor market indicators. The Job Openings and Labor Turnover Survey (JOLTS) is due Tuesday, private sector employment data (ADP) on Wednesday, and jobless claims on Thursday. However, the most anticipated release will be Friday’s Non-Farm Payrolls (NFP) report for May—widely viewed as a key factor influencing rate expectations. Alongside labor data, markets will also watch other critical economic reports. The ISM Manufacturing PMI on Monday and the ISM Services PMI on Wednesday will offer broader insight into U.S. business activity. In the realm of monetary policy, interest rate decisions from the Bank of Canada (Wednesday) and the European Central Bank (Thursday) are expected to trigger notable movements in the currency and gold markets.
FOREXCOM:XAUUSDLong
by Ali_PSND