Gold Showing Signs of Reversal After Hitting Key ResistanceHello Guys.
Gold has reached a major resistance zone around 3439–3425, which has already acted as a strong ceiling in the past. The price tapped into this area again, forming a clear divergence, and failed to break higher.
Here’s what stands out:
Divergence signals a weakening bullish momentum at the top.
The price rejected the resistance and is now breaking structure to the downside.
A minor pullback may occur before continuation, as shown in the projected moves.
First target: 3259.792
Second target (if support breaks): 3136.869, a deeper zone for potential bounce or further drop.
This setup hints at a bearish trend building up. Stay cautious on longs unless the price structure changes again.
Community ideas
NFP Volatility Ahead – Is the Dollar Ready to Break Higher?🟢 DXY Outlook – A Key Day for the Dollar Index
Yesterday’s monthly candle closed with strong bullish momentum, marking a powerful start to August. Today, on the first trading day of the month, we’re expecting three major U.S. economic releases:
NFP, Average Hourly Earnings (m/m), and the Unemployment Rate.
As discussed in last week’s outlook, DXY has successfully broken above the key 100 level and confirmed a monthly close above it — a significant technical development. With no major order blocks or visible resistance in the way, the path toward the 102 target appears technically clear.
That said, I anticipate mixed data from today’s releases — which means we could see both sides of liquidity being taken during the initial reaction. Price might dip toward lower zones temporarily to collect liquidity before resuming its bullish move toward 102.
📌 In summary:
From a swing perspective, I believe the direction remains bullish for the Dollar Index as long as we hold above the 100 level.
When I say the data might be “mixed,” I mean the market could show an initial drop toward lower zones at the time of release — not because of a reversal, but to grab liquidity before continuing higher toward the 102 target.
Unless we see something unexpectedly extreme in the numbers, I expect the DXY to remain on track to reach the 102 level in the coming days or next week.
🔁 This analysis will be updated whenever necessary.
Disclaimer: This is not financial advice. Just my personal opinion.
ChainLink · Short-Term Correction (Retrace) · 2025 Bull MarketWe have evidence that ChainLink won't be moving much lower. There are mainly two reasons: 1) There aren't that many sellers and 2) we have strong support. We have an active support range between $14.5 and $15.95. This is the reversal point. Either current prices or this lower range which shows an intersection between two strong moving averages as well as Fib. retracement levels.
The rise between June and July has a stronger slope compared to the one before. The April-May rise was more spread out and so the correction lasts longer. The present one has a stronger slope, it is more steep, and thus a retrace will have a shorter duration because prices will continue growing.
Volume is extremely low on the drop and bearish momentum is not present. There can be one final flush reaching the levels mentioned above or lower on a wick and the market turns. The flush would make everything seen pretty bad and red but the truth is that this would be the end. When the major sell is in, the market turns around and moves the other way.
LINKUSDT is retracing within a bullish bias mid-term. Long-term growth is possible based on the bigger picture.
LINKUSDT is facing an intersection of multiple support zones, if these levels hold, we can see a resumption of the bullish move and prices grow. Each time a retrace is over, the bullish wave that follows will be many times stronger than the previous one until the bull market ends.
We are still looking at bottom prices. The best is yet to come.
Namaste.
Today’s Opportunity: Stay Sharp on GBPJPY!Hey friends,
Here's my latest analysis on GBPJPY.
📌 Buy Entry Zone: 197.590 - 197.336
🎯 Target Level: 198.642
📅 Today, major economic data will be released from the U.S.
Make sure to factor this into your fundamental analysis.
📊 It’s not just about the charts—fundamentals matter too.
Technical + Fundamental = Powerful outcomes ✅
💬 Every like and bit of support keeps me going.
Thanks so much to everyone backing this journey! 🙌
DeGRAM | USDJPY fixed above the descending channel📊 Technical Analysis
● Dollar-yen has punched through the 16-month descending channel top and twice retested it as support (false-break tags), carving a rising trend line that now guides price away from 144.90.
● Inside the break zone a smaller pennant is forming; a 4 h close above 147.18 completes the pattern and activates the channel-height target at 150.80 near the November swing cap.
💡 Fundamental Analysis
● US 2-yr yields pushed to a three-month high after hotter CPI core-services and Barkin’s “inflation progress has stalled”, while the BoJ July minutes flagged only “gradual” QT—widening the policy gap and reviving carry demand for yen shorts.
✨ Summary
Long 145.2-146.2; pennant break >147.18 targets 150.80. Bias void on a 4 h close below 142.80.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Mechanical vs. Anticipation Trades: The Fine LineWhen traders talk about discipline, they often refer to following rules — sticking to a plan, being methodical, and avoiding emotional decisions. But there's a subtle and powerful difference between being rule-based and being blindly mechanical. And even more, there's a moment in every trader’s process where discipline demands adaptation.
Let’s look at a recent trade on Gold to understand this better.
On Thursday, I published an analysis on Gold stating that the recent breakdown of support had turned that zone into resistance. A short entry from that level made sense.
It was mechanical, clean, and aligned with what the chart was showing at the time.
And, at first, it worked. Price rose into the resistance area and dropped. Perfect reaction. Textbook setup. Confirmation. The kind of trade you want to see when following a rule-based system.
But then something changed.
Price came back. Quickly.(I'm talking about initial 3315-3293 drop and the quick recover)
So, the very next rally pushed straight back into the same resistance area, hmmm...too simple, is the market giving us a second chance to sell?
That was the first sign that the market might not respect the previous structure anymore.
It dipped again after, but the second drop was different: slower, weaker, choppier.
That told me one thing: the selling pressure was fading.
So I shifted. From mechanical execution to anticipatory mindset.
This is where many traders struggle — not because they don’t have a system, but because they don’t know when to let go of it. Or worse: they abandon it too quickly without cause.
In this case, the evidence was building. The failed follow-through. The loss of momentum. The compression in structure. All signs that a reversal was brewing.
Rather than continuing to blindly short, referring to a zone that no longer held the same weight, I started looking for the opposite: an upside breakout and momentum acceleration.
That transition wasn’t based on emotion. It was based on market behavior.
________________________________________
Mechanical vs. Anticipation: What’s the Real Difference?
A mechanical trade is rule-based:
• If X happens, and Y confirms, then enter.
• No need for interpretation, no second guessing.
• It can (in theory) be automated.
An anticipatory trade is different:
• It’s about reading intent in price action before confirmation.
• Higher risk usually, but higher reward if you’re right.
• Can’t be automated. It requires presence, experience, and context.
And the tricky part? Often, we lie to ourselves. We say we’re "mechanical" while actually guessing. Or we think we’re being smart and intuitive, when in fact, we’re being impulsive.
The key is awareness.
In my Gold ideas, the initial short was mechanical. But the invalidation came quickly — and I was alert enough to switch gears. That shift is not a betrayal of discipline. It’s an upgrade of it.
________________________________________
Final Thoughts:
Discipline is not doing the same thing no matter what. Discipline is doing what the market requires you to do, without emotional distortion.
And that, often, means walking the fine line between the setup you planned for, and the reality that just showed up.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
A pullback planThe upper trendline starts from Jan 2022 peak. It was broken on normal scale but still holds on log scale. The price may top here or may go higher. In a very bullish scenario the price may bounce much higher from an upper 1W FVG, but I think it will be broken soon. In any case I see a strong support at 6050-6150 area - a horizontal support and 1M/1W FVG are there. The price should return there sooner or later. No negative daily RSI divergence at the moment, but the price can make 4% correction on 2-4h divergence, which will appear at any new ATH. I gonna hold and increase my short position with low leverage untill the price makes a pullback into this area.
GOLD ROUTE MAP UPDATEHey Everyone,
Quick follow up on our 1H chart route map:
What can I say.....pure perfection on our chart analysis as everything played out exactly as expected.
Yesterday, we identified the first level of the swing range at 3289, which delivered a clean full swing into 3305.
Today, we hit Level 2 of the swing range at 3267, and once again, it played out flawlessly with another full swing up to 3305.
A perfect finish to the day. Great work all around!
We are now looking for support above the swing range and a break above 3305 to track the movement up or further retest and break below the 1st level of the swing range may open the the 2nd level at 3267 again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3348
EMA5 CROSS AND LOCK ABOVE 3348 WILL OPEN THE FOLLOWING BULLISH TARGETS
3369
EMA5 CROSS AND LOCK ABOVE 3369 WILL OPEN THE FOLLOWING BULLISH TARGET
3397
EMA5 CROSS AND LOCK ABOVE 3397 WILL OPEN THE FOLLOWING BULLISH TARGET
3422
BEARISH TARGETS
3328 - DONE
EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET
3305 - DONE
EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE
3289 - DONE
3267 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Correction Ahead? SP500 Prints Reversal Signal at Key Resistance📘 This market moves like a textbook chart
SP500 is acting like a perfect case study from a trading manual. Back in early April, the index dipped just below 5,000, right into a confluence support zone ( I had spoken about this at the time ) – formed by the long-term ascending trendline and the 2022 all-time high. Just like other U.S. indices, the market reversed aggressively from that area.
🚀 A 30% rally in 4 months
From that low, SP500 rallied around 30% in just four months. An incredible move that brought the index straight to the upper boundary of the yearly rising channel.
🕯️ Bearish signal at the top
And just like in NAS100’s case , the index printed a strong Bearish Engulfing candle exactly at that resistance level. This kind of signal, after such a rise, shouldn’t be ignored.
📉 A correction is not only probable – it’s needed
A pullback from here is not just likely, but in my opinion, healthy and necessary . Short-term speculators could look for a move toward the 6,150 zone, which would already offer decent room for profit.
🔍 What if it goes deeper?
I wouldn’t be surprised to see a correction down to 5,750–5,800. That’s about a 10% decline, which wouldn't even classify as a bear market, just a normal reset after a euphoric rally.
🧠 Perspective matters
In a market that gained 30% in four months, a 10% correction is not a crash — it’s discipline being restored.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Strategy: “Breakout Bounce” – Buy the Retest, Ride the WaveHello Traders! BTC has broken out above $118K–$120K after a strong uptrend. Now it’s pausing, and a short-term pullback looks likely. Instead of buying the top, we wait for the price to retest previous resistance (around $112K–$114K), which could turn into support.
MY PLAN:
Wait for pullback to $112K–$114K zone.
Look for a bullish candle (daily or 4H) to confirm entry.
Target: $122K short-term or trail stop if trend continues.
Stop loss: Below $108K to manage risk.
Tip: Don’t chase. Be patient, follow the setup, and use proper risk management.
Please leave a comment and don't forget to support a fellow trader! Also, you can leave in the comments your target and plan ideas!
Have a great day y'all!
-Neo
USDZAR-SELL strategy 6 hourly chart Reg. ChannelSame as the USDX of course, the pair is overbought. i felt yesterday we may see higher, but was not convinced to belong, however, we can add to our SELL, or have SELL position up here. The Reg. Channel is violated amidst this overbought status provides a good warning of potential corrective action.
Strategy SELL @ 18.2000-18.2500 and take profit near 18.0350 for now.
GOLD (XAUUSD): Bearish Continuation Ahead?!
Gold retested a recently broken significant liquidity cluster.
I see a clear sign of strength of the sellers after its test
with multiple intraday confirmation.
I think that the price will retrace to day to 3276 level.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURJPY Poised to test the top after the BOJ Rate DecisionEURJPY Poised to test the top after the BOJ Rate Decision
EURJPY broke out of a descending type of channel pattern or something similar.
The last two candles confirmed the bullish movement in a clear way and the odds are that EURJPY may rise further during the coming hours.
However this movement is also supported by BOJ Interst Rate decision.
BOJ kept rates unchanged at 0.5% as expected and they didn't change anything at all in their comments.
News - reported by forexlive
The Japanese Yen weakened across the board throughout BoJ Governor Ueda press conference. He sounded like someone who's not in a rush to hike rates at all. The two key lines were "monetary tightening effectively works on demand-driven inflation, but current inflation is largely supply-driven" and "current FX rate not diverging far from our assumptions".
He's basically saying that the current inflation is likely to be a one-off event and we all know how much weight they place on sustained inflation to durably hit their 2% target. And the comment about FX suggests that the depreciation in the JPY does not concern them at all, which gives the market the green light for further depreciation (all else being equal).
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDCAD / GBPAUD Trade Recaps 01.08.25A tester trade on AUDCAD with the reasons explained as to why this was a test position, and a short position executed on GBPAUD. Solid setup that this time around just didn't commit.
Full explanation as to why I executed on these positions and the management plan with both.
Any questions you have just drop them below 👇
Rates Coming Down?TLT could be a great trade here. I'm seeing signs that the low could be in. The RSI is coiling up and piercing the downtrend. We are also climbing above the 21 Week Moving average, which is has been firm resistance since the rate hiking cycle.
Bond yields are tanking, employment is weakening, pressure is building on rate cuts from the highest level. TLT could be a beneficiary.
Not financial advice, do what's best for you.
Simple Psychology Tips Using Volume for Better TradingMany newer traders assume that when someone says "psychology" in trading, they are referring to mindset.
It is also widely believed that trading is about the BEST entries.
Now, think of it this way. It is not about winning trades, it is actually about managing losses well to allow you to take the winners over and over again. You might think that a 3 to 1 risk-to-reward strategy is boring, you might have gone all in on your favourite crypto project. But what makes the difference between gambling and trading is actually very, very simple. So simple, in fact, many overlook it or simply ignore it.
Most seek a silver bullet - high win rates and perfectly timed entries, then they overleverage and move stops on the one "good trade" they are seeking to make.
Whilst doing this, they tend to overload the 6 monitors they have purchased to trade with a thousand indicators, which they don't really need.
The candlesticks tell a story, volume supports that story. When you learn any technique from Elliott Waves to Wyckoff, they all have a dependence on volume - even if the correlation is not apparent.
Look at this first image.
Price had moved down since the vertical line, the AD line also moved down - sell-off, in full swing. But then volume starts to shift before the AD line starts to increase.
Now, look at what happens next...
As we move forward and the new vertical line shows where volume spiked, the AD line starts to decrease as the price continues to rise.
This is enough of a story to start your analysis.
We then get a move with a lower high formed.
As this plays out, the sell-side volume rises, creating momentum for the short position.
Look a little closer and you will see, that the volume on the move up just before the drop was also decreasing. Making a divergence to price.
You might feel that the market is against you, or that the big players are single-handedly seeking your stops. But the truth is, the psychology in moves such as this one shown is where most retail traders either have greed that markets will only go up for ever or the fear that they are missing out on a market that only goes up forever.
It is that herd mentality that generates the liquidity for the professionals.
Losing 1% on a trade, is part of the process, risking 80%> on a single move will make you paper rich for about 10 minutes before the real losses set in.
This is where the psychology and the basic techniques such as risk management and understanding what candlesticks and volume bars are telling you, will make a world of difference to your results.
A/D line and volume are free on @TradingView and to be fair you don't need to overcomplicate it more than that!
Stay safe, have a great weekend all!!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principal trader has over 25 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.