XAUUSD 4hour TF - June 29th, 2025XAUUSD 4hour Neutral Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bearish
Gold has been on the rally of a century for a while and isn’t showing too many signs of slowing down long term. For now we do have a couple opportunities I can bring to your attention.
4hour bearish continuation - For this to happen we would like to see price action come back to our pocket of confluence near the 3,320.000 level followed by bearish conviction. If this happens look to target lower toward major support levels like 3,225.500.
4hour trend reversal - If we are to see a reversal of the 4hour trend we would need to see price action pop back above the 3,320.000 resistance area. Look for strong bullish conviction above this level and target higher toward appropriate levels of resistance.
Nickdarcfx
EURJPY 4hour TF - June 29th, 2025EURJPY 4hour Bullish Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bullish
EJ has been in a bullish trend on all timeframes and doesn’t really show any signs of stopping. Currently we are right near major monthly resistance around 171.000. It is likely we will see price action push into this zone but we want to identify a potential trade beforehand.
Here are two potential scenarios for this week on EJ
Bullish Continuation - We are a bit close to the 171.000 monthly zone so we would like to see price action come back to our 168.500 4hour support zone before targeting higher.
Trend Reversal - If we see price action fall below 168.500 we want to see bearish conviction and rejection from that same zone. If this happens we can start to consider short scenarios and target lower support levels like 166.250.
AUDUSD 4hour TF - June 29th, 2025AUDUSD 4hour Neutral idea
Monthly - Bearish
Weekly - Bearish
Dailly - Bullish
4hour - Bullish
AU has been in this subtle bullish channel since late April 2025, just above major monthly support at 0.63250 area.
We also have some conflicting trends and we need to see some conviction before we can comfortably follow price action. We do have some alignment with a bearish USD but at the moment we have two options:
Bullish Continuation - This is the most likely scenario based on what we’re seeing and where price action is. Ideally, we see some rejection from our 4hour 0.65000 support area followed by bullish conviction. If this happens look for price action to touch or break the top of this channel and continue bullish for the week ahead.
Reversal back into channel - If we fail to see bullish presence we could see price action fall back into the channel. The key indication of this would be a break below our 0.65000 support area followed by a retest and bearish conviction.