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Parallel Channel

GOLD → The market is waiting for NFP. What could happen?FX:XAUUSD is bouncing off resistance at 3310, confirming the upper limit of the new trading range. The dollar continues to rally, but the market as a whole is stagnating ahead of upcoming news—NFP is coming up! Gold is consolidating at monthly lows around $3268, awaiting key US labor market data (NFP). Trump's new tariffs (10% globally, 35% for Canada, 39% for Switzerland) have boosted demand for the dollar, putting pressure on gold. Markets are waiting for NFP: forecast +110K jobs, unemployment 4.2%. Weak data (<100K) → gold may rise to $3400. Strong (>150K) → the dollar will strengthen, gold will continue to fall. The probability of a Fed rate cut in September is <50%. Based on yesterday's data, I would cautiously suggest that NFP will be in the range of 125K–145K, slightly above the consensus (110K). This will play into Trump's hands (I think you understand what I mean...). Resistance levels: 3300, 3310, 3320 Support levels: 3287, 3268, 3255 The news has a negative nuance — unpredictability. Be careful. Technically, based on the data we have at the moment, I would assume that the market may test resistance at 3300-3310 before a possible pullback to the specified support. BUT! Unpredictable data could turn the game around, and in that case, if the dollar falls, gold could start to rise. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
17
BITCOIN - Price can turn around and start to move upHi guys, this is my overview for BTCUSD, feel free to check it and write your feedback in comments👊 The price reversed its prior downtrend with a decisive breakout from a falling channel. This breakout triggered a strong upward impulse, which then began to consolidate into a large symmetrical pennant. However, the price recently failed to hold the lower support trendline of this pennant and broke to the downside. The asset is currently trading just below this broken trendline, in what appears to be a liquidity grab. To continue upwards, buyers must now overcome the immediate resistance located at the $116300 level. I expect that this breakdown was a fakeout, and the price will soon reverse, break through the $116300 resistance, and continue its rally toward the $121000 target. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDLong
by WalterMoon
10
HelenP. I Euro will rebound from trend line to $1.1600 pointsHi folks today I'm prepared for you Euro analytics. A structural review of the chart shows a clear change in market character. The previous long-term upward channel has been broken, and the price has since entered a corrective phase, currently guided by a descending trend line. This decline has brought the asset towards a critical area of interest: the major horizontal support zone between 1.1400 and 1.1360. My analysis for a long, counter-trend position is based on the potential for a strong bullish reaction from the confluence of this historical support zone and the descending trend line. I believe that as the price reaches this intersection, the current selling momentum is likely to be absorbed by significant underlying demand. The main condition for this scenario is a clear and forceful rejection of lower prices from this zone, which would signal that buyers are stepping in to defend this critical level. A confirmed bounce would likely initiate a significant relief rally, and therefore, the primary goal for this move is set at the 1.1600 level, a logical first target for a corrective bounce of this nature. If you like my analytics you may support me with your like/comment.❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by FirstNameHelen
10
Euro bounce from buyer zone and start to move upHello traders, I want share with you my opinion about Euro. After a prolonged upward trend which formed a large rising wedge, the EURUSD faced a significant rejection from the seller zone near the 1.1685 resistance level. This failure to continue higher marked a key turning point, exhausting the bullish momentum and initiating a new bearish market phase. This new phase has since taken the form of a well-defined downward channel, within which the price has been undergoing a series of downward corrections and impulses. The most recent market action has been a sharp downward fall, accelerating the price's descent towards a critical area of historical significance. Currently, the pair is approaching the major support level at 1.1400, which also constitutes a strong buyer zone where demand has previously stepped in. The primary working hypothesis is a long, counter-trend scenario, which anticipates that the current bearish momentum will be absorbed by the strong demand within this buyer zone. A confirmed and strong rebound from this 1.1400 support area would signal a potential temporary bottom and the start of a significant upward correction. Therefore, the tp for this rebound is logically set at the 1.1600 level, a key psychological and technical point that represents a realistic first objective for a bounce of this nature. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
17
SP500 → Countertrend correction before growthFX:SPX500 is correcting against an upward trend. In the second half of the week, the market received fairly positive fundamentals during the reporting period. S&P 500 futures found support after strong reports from Meta and Microsoft, which exceeded earnings expectations and forecasts thanks to AI. The rise in futures supported demand for the “Magnificent Seven” despite Powell's hawkish comments. The focus is on Apple and Amazon reports in the evening, which could strengthen the tech rally. On Friday, we are seeing a countertrend correction in which the market is testing the 6288 zone of interest. Support levels: 6288.4, 6262.6 Resistance levels: 6342, 6371 Most likely, the market will form a false breakout of support during the correction. If the bulls keep the index above the key level, we can expect continued growth in the short and medium term. Best regards, R. Linda!
FX:SPX500Long
by RLinda
5
GOLD → Retest of resistance within a bearish runFX:XAUUSD breaks through the upward trend support amid a rallying dollar. Since the opening of the session, the price has been testing the zone of interest, but bears are quite aggressive... Gold is partially recovering after falling to $3,268, a monthly low caused by the Fed's hawkish tone. The Central Bank kept its rate at 4.25–4.5% (9 votes to 2), highlighting uncertainty due to Trump's tariffs. Markets now estimate the probability of the rate remaining unchanged in September at 58% (previously 35%). The dollar's rise slowed amid concerns about the extension of the US-China trade truce and profit-taking ahead of key US employment data (after strong ADP and GDP reports). The nearest drivers are labor market statistics and trade news, while the technical picture for gold remains bearish. Technically, on D1, the price is breaking key support zones, including the trend line, which overall only increases selling pressure on the metals market... Resistance levels: 3310, 3320, 3334 Support levels: 3287, 3267, 3255 As part of the correction, the price has exhausted the entire daily ATR, forming a retest of the liquidity and interest zone. If the bears keep the price below 3320-3310, gold may head towards support... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
25
Bullish Channel Intact: BTC Poised for Next Leg Toward 152KBitcoin continues to coil within a bullish consolidation zone above the critical $114.5k–$117.5k Immediate Demand Zone, firmly riding the ascending channel structure that has guided price since the March swing low. The prior wave structure confirms a clean ABC correction, followed by a powerful breakout and a structured range indicative of accumulation, not exhaustion. The RSI shows persistent bullish divergence, confirming hidden strength, with multiple support bounces confirming demand. The current tight consolidation above former resistance now flipped demand presents a launchpad scenario for a breakout towards major projected upside targets. Targets to Watch: 🟢 $123,053 – Range breakout threshold, aligns with channel midline and prior local high. 🟢 $134,428 – Measured move from current range and top channel boundary intersection. 🟢 $152,174 – Final leg projection based on macro channel trajectory and bullish wave extension potential. On the downside, failure to hold $114.5k opens the door to a test of the $105k Strong Support Zone, which aligns with prior structural demand and broader trendline confluence. 💬 Drop your favorite altcoins in the comments for quick analysis , let's catch the next movers before they fly!
Long
by weslad
8
Bitcoin - Will the liquidity at $122K be the next target?Bitcoin is currently trading within a defined corrective channel, which has been developing over the past few weeks. Price action within this structure has been characterized by a sequence of lower highs and lower lows, suggesting a mild downtrend. However, these movements lack strong momentum, indicating that the market is consolidating rather than entering a deeper correction. This kind of structure often precedes a significant breakout, and given the nature of the current price action, a retest of previous highs remains a realistic possibility. Bullish Scenario Looking at the overall structure of the channel, a bullish breakout seems increasingly likely. For this scenario to unfold, BTC needs to hold the midline of the channel as support. If this level is respected, it could pave the way for a push towards the upper boundary of the channel and a potential break above the lower high structure near $120,000. A successful breach of that level could trigger a move toward the $122,000 liquidity zone, with the potential to challenge the all-time high (ATH) in the near future. Holding the midline and breaking above key resistance would provide confirmation of strength and continuation to the upside. Bearish Scenario On the flip side, if BTC fails to hold the midline as support and starts closing below it on the 4H timeframe, we could see a renewed move toward the lower boundary of the corrective channel. This could lead to a test of the unfilled 4H fair value gap (FVG) highlighted in the chart, located around the $112,000 – $113,000 area. This zone also coincides with a strong historical support level, making it a logical area where buyers might step in and provide the momentum needed for a more sustainable bullish reversal. Final Thoughts While both scenarios remain valid, the price structure within the corrective channel currently leans slightly more toward a bullish outcome. The lack of aggressive selling and the potential for liquidity above the previous highs support this view. However, trading is never about certainty but about preparing for various possibilities. Being aware of both bullish and bearish setups allows traders to react with flexibility and discipline depending on how the market unfolds in the coming sessions. ------------------------- Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like 👍 and leave a comment 💬, I’d love to hear your thoughts!
Long
by Youriverse
54
EURO - Price can turn around of support level and rise to $1.165Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 The market structure shifted after a breakout from a prior triangle pattern pushed the price higher. This rally met resistance, and a new bearish trend emerged, creating a distinct falling channel. The asset made several rotations inside this channel, with the most recent upswing failing at the $1.1720 resistance zone. That failure to break higher initiated the current strong bearish impulse driving the price down. Euro is now approaching a critical area of demand, the horizontal support zone near $1.1455. I expect that buyers will defend the $1.1455 support level, causing a reversal that will carry the price towards the $1.1650 target. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by WalterMoon
14
BTC : The future of Bitcoin...Hello friends🙌 👀According to the price history, the price has always been bullish and is in a long-term bullish channel. 📈Now that the price is struggling in the middle of the channel and is gathering strength for a big move, which is expected to break the middle of the channel in the form of a resistance or middle channel, the price will move to the ceiling of the channel. ⚠Don't forget risk and capital management. 🔥Follow us for more signals🔥 *Trade safely with us*
Long
by TheHunters_Company
1
Platinum Wave Analysis – 31 July 2025- Platinum broke support zone - Likely to fall to support level 1200.00 Platinum recently broke the support zone located between the key support level 1340.00 (low of the previous minor correction iv) and the support trendline of the daily up channel from May. The breakout of this support zone accelerated the c-wave of the active ABC correction 4. Given the bearish sentiment across the precious metals markets, Platinum can be expected to fall to the next support level 1200.00 (target for the completion of the active wave c).
FX_IDC:XPTUSDShort
by FxProGlobal
AUD/USD – Potential Bounce Buy SetupOANDA:AUDUSD Timeframe: 30m Type: Counter-trend / Bounce from Support Risk Level: Medium to High Possible Reward: 4+ 🔹 Setup: Price is testing the lower boundary of the recent support zone (0.6432 – 0.6420), aligning with the previous channel structure visible on the 8h chart. The descending move has shown initial signs of exhaustion, suggesting a potential bounce. 📈 Entry: Current price zone 0.6432 – 0.6445 🎯 Targets (TP): TP1: 0.64624 TP2: 0.64797 TP4: 0.65158 ⛔ Stop Loss (SL): 0.64250 (below recent swing low and liquidity pool) 8H chart Overview: Previous Position from top of Channel: #AUDUSD #Forex #SmartMoney #PriceAction #MJTrading #ChartDesigner Psychology Always Matters:
Long
by MJElahifx
1
BITCOIN → From consolidation to distribution. Market weaknessBINANCE:BTCUSDT.P is moving from consolidation to a correction phase. The price broke through the support zone of 114.5–115.5, closing within the Friday trading session in the sell zone... Previous idea from July 22: BITCOIN → Consolidation and compression to 116K. Correction? The fundamental background is shifting to neutral, the hype has temporarily ended, and there are no bullish drivers yet. And for the health of the market, a correction is needed. Bitcoin is breaking the neutral consolidation structure. The previous trading session closed below the support range, which generally indicates market weakness. Despite the global bullish trend, Bitcoin is moving from consolidation to a correction phase, with 112K - 110.5K serving as points of interest in this case. Before the fall, liquidity may be captured in the 114K - 114.800 zone. Resistance levels: 114.05, 114.85, 115.67 Support levels: 112.03, 110.48 After a strong movement, the market may enter a correction or local consolidation, during which it may test the specified resistance zones before continuing its downward movement to the zone of interest and liquidity at 112 - 110.5. Best regards, R. Linda!
Short
by RLinda
3