$USO to $29-42 before a bottom is inAMEX:USO broke down from a long term that started in March 2020 and is now breaking down below support at $67.
The most likely outcome is a continuation down to the lower support levels at $29-33.
I won't rule out the possibility of one more retest of the trend line ($73-75) before continuing down further. An invalidation of the short would be a break over the $83 level.
Otherwise, downside is the most likely outcome from here.
Let's see how it plays out over the coming months.
Trend Lines
ATAI Life Sciences | ATAI | Long at $1.30ATAI Life Sciences NASDAQ:ATAI , a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, is fast approaching my selected historical simple moving average (SMA). Often, but not always, the closer the price gets to this line, the higher chance there is for a fast upward move. In anticipation of this move, NASDAQ:ATAI is in a personal buy zone at $1.30.
A word of caution: this is a pure technical analysis play and this company is not expected to be profitable for many, many years...
Target #1 = $1.75
Target #2 = $2.50
Target #3 = $2.95
Buy gold, TP: 3355-3365Technical aspect:
Gold stopped falling and rebounded after touching 3333. The highest price has only rebounded to 3353. It seems that the bullish potential is weak and the rebound is weak. However, the gold candlestick chart closed with a long lower shadow after touching 3333, proving that there is a certain degree of buying support below; if gold can maintain above 3340-3330 in the short term, gold bulls still have the opportunity to rebound to 3355-3365;
From the perspective of morphological structure, as long as gold remains above 3330, the gold bull structure has not been effectively destroyed, and bulls still have the opportunity to counterattack. It also proves that the buying support below is effective, and the bottoming and rebounding structure is established in the short term, so we can still consider continuing to go long on gold in short-term trading.
Trading strategy:
Consider the 3345-3335 area as support, and try to go long on gold in small batches;TP:3355-3365
GBPUSD: Move Up Ahead!The GBPUSD pair is poised for further gains after successfully breaking above a key resistance line of a falling wedge pattern.
This breakout occurred during a retest of a recently breached daily/intraday structure, indicating strong bullish momentum.
Traders are now targeting a price level of 1.3558, suggesting continued upward potential in the near term.
Long orders have made profits, gold layout in the evening📰 Impact of news:
1. Economist: The Federal Reserve may cut interest rates sharply in December
2. Lee Jae-myung, candidate of the Democratic Party of Korea, was elected president of South Korea
📈 Market analysis:
Currently, the gold price is in a consolidation pattern, showing an overall volatile pattern during the day. The hourly Bollinger Bands are opening downward, and the MACD indicator is running in a dead cross. In the short term, the bears have a certain advantage. However, observing the 4H level, it can be found that the RSI indicator crosses when entering the overbought area, suggesting that the risk of a correction in the short term has increased. For evening operations, it is recommended to wait for the gold price to stabilize before entering the market, focusing on the important support of 3335-3325. If it obtains effective support and stabilizes in this range, the gold price may resume its upward trend. If it falls below 3325, the bullish momentum will be weakened. Therefore, it is recommended to wait for a pullback to 3335-3325 to go long in the US market, and look to 3350-3370 in the short term.
🏅 Trading strategies:
BUY 3335-3325
TP 3350-3370-3400
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
6/3 Gold Analysis and Trading SignalsGood morning, everyone!
Gold climbed to the 3370 area yesterday without showing any significant pullback, indicating that bullish momentum remains intact. After this morning’s opening, the price continued to rise, and from a technical perspective, there’s still room for further upside. The 3400 level is likely to be tested today, and if accompanied by increased volume, gold may extend gains towards the 3416–3438 resistance zone.
From a tactical standpoint, a technical retracement after today’s rally is the base case scenario, and intraday trades can be structured within the broader 3440–3320 range. On the downside, the 3368 level is the first key support to watch, followed by 3352, which could serve as a pivot area if a pullback occurs.
On the macro front, two economic data releases are scheduled during the US session, along with a Q&A session involving Fed’s Goolsbee, which could inject short-term volatility into the market.
📌 Trade Plan for Today:
Sell within the 3416–3438 zone, with controlled position sizing; short-term strategy preferred.
Buy near the 3338–3321 support area, with a defensive setup and tight risk control.
Flexible trading levels to monitor: 3421 / 3413 / 3397 / 3386 / 3367 / 3358 / 3343
Strategy outlook: Adopt a “sell high, buy dips” short-term strategy today. Avoid chasing breakouts blindly; focus on rhythm and structure.
The latest trend analysis and operation layout of Europeanmarket📰 Impact of news:
1. Speech by the Federal Reserve during the US trading session
2. Geopolitical and tariff issues
📈 Market analysis:
Recently, the escalation of the Russia-Ukraine conflict and global trade tensions has pushed international gold prices to rise strongly. Although Russia and Ukraine reached a consensus on prisoner exchange in the second round of negotiations on Monday, the ceasefire agreement remained deadlocked. Coupled with the US announcement of additional steel tariffs, geopolitical risks and economic uncertainties stimulated risk aversion sentiment.
From a technical perspective, the upward trend of gold since 3120 is clear. After breaking through 3340 on Monday, it accelerated to test the 61.8% Fibonacci resistance level of 3396, but the pressure at the 3400 integer mark is significant. At the same time, 3330 below is still the current key support level. The current decline in gold prices is more like a technical correction to yesterday's rise. Yesterday, we reminded everyone to pay attention to the 3355 level. The intraday operation suggestion for the European session is 3355-3345. You can try to go long and look at the 3370-3380 line. If it breaks through effectively, it will test the 3396 or even 3400 line; if it fails to break through the upper resistance, it will fall into a range of fluctuations.
🏅 Trading strategies:
BUY 3355-3345
TP 3370-3380-3390
SELL 3370-3380
TP 3350-3340-3330
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
Huntsman Corporation | HUN | Long at $11.34The stock price for Huntsman Corp NYSE:HUN , a manufacturer of organic chemical products, has dropped significantly since its peak in 2022 ($41.65). This was due to lower sales volumes, weak demand in construction and transportation, higher input costs, and European operational challenges, including a $75M hit from closing a German Maleic Anhydride facility. This year (2025) is anticipated to be its worst earnings year, and the stock is priced as such. However, this stock is historically cyclical, and the company expects recovery / growth again in 2026. Moving forward, earnings are forecast to grow and the company is trading at good value compared to peers and the industry. While many headwinds may still exist with tariffs, etc., insider are grabbing shares and large options positions (very bullish). With a book value of $17, debt-to-equity at 0.8x, quick ratio under 1, etc., the company appears healthy.
From a technical analysis perspective, the stock price just barely missed my "crash" simple moving average area (currently between $9.00 and $10.50). It may reach those levels and below in 2025, for which I will add another position as long as fundamentals do not change. This moving average area often signifies "bottom" territory and historically, the stock has rebounded from this area. While my entry at $11.34 may be a little early, predicting true bottoms isn't my trading method and I hope to strengthen the position at lower trading prices.
Targets:
$15.00 (+32.2%)
$17.25 (+49.9%)
GOLD → Correction to liquidity before growthFX:XAUUSD is in the realization phase after exiting the “symmetrical triangle” consolidation. The price is supported by the trend and a complex fundamental background.
Gold is retreating from its peak, remaining below risk support. The price of gold is falling moderately from $3,392, awaiting data on JOLTS job openings in the US.
Gold is supported by trade and geopolitical risks: Trump doubled tariffs on metals, increasing pressure on the dollar. The conflict with China has escalated due to allegations of violations of agreements.
Focus on US employment: Strong data could support the dollar and limit gold's gains, but the technical picture remains bullish.
Resistance levels: 3365, 3391, 3409
Support levels: 3345, 3323
Against the backdrop of a rising dollar, gold may test deeper liquidity zones, such as 3345 and 3330. However, if trading forms between 3365 and 3345, followed by a retest of resistance and consolidation above 3365, this could trigger an early rise to 3391-3409.
Best regards, R. Linda!
AAVEUSDT → A false breakdown provokes a change of characterBINANCE:AAVEUSDT.P maintains a bullish market structure. The coin is consolidating, with bulls trying to hold their ground above the key support line.
Against the backdrop of a correction, the price is testing liquidity, with a false breakdown of support provoking a change in character to bullish within the local timeframe. Bulls are trying to maintain the bullish structure.
The price is breaking through the resistance of local consolidation, forming a change in character, but before growth, the market may close the gestalt in the form of an order block or liquidity located in the 249.5 zone.
Support levels: 249.11, 240.0
Resistance levels: 274.27, 280.47
Technically, the coin looks quite good and promising overall. If the bulls hold their ground in the 249-250 zone, then in the short to medium term, we could see good movement with the possibility of new highs...
Best regards, R. Linda!
ENA Coiling Up — Parabolic Rally or Pullback Ahead?$ENA/USDT Analysis:
Price is currently moving sideways, stuck between a clear support and resistance zone.
It’s been bouncing off the lower support zone and consistently facing rejection from the upper resistance zone.
A breakout above the resistance could trigger a strong upward move — possibly a parabolic rally.
On the flip side, if it breaks below the support zone, we could see a deeper correction.
Until then, it’s all about patience and watching for that breakout or breakdown confirmation.
DYOR, NFA
Gold (XAU/USD) 1H Analysis – Potential Breakout Play🟡 Gold (XAU/USD) 1H Analysis – Potential Breakout Play 📈
🔎 Key Levels and Zones
Resistance Zone: Around $3,410 – $3,430.
Midpoint/Key Resistance-Turned-Support: Around $3,360 – $3,370.
Support Zone: Around $3,270 – $3,290.
🔀 Chart Structure & Momentum
The price is in a short-term bullish recovery after finding strong support at the $3,270 – $3,290 level.
The breakout above the midpoint around $3,360 is a significant bullish trigger, suggesting that bulls are taking charge.
📊 Scenario Analysis
Bullish Scenario (Primary Bias) 🟢: If the price holds above the midpoint ($3,360), we expect a push towards the resistance zone ($3,410 – $3,430). This aligns with the “resistance-flip-support” concept, where the previous resistance becomes a new support base.
Bearish Scenario (Alternate Bias) 🔴: If the price fails to hold above $3,360, a re-test of the support zone ($3,270 – $3,290) is likely. From there, bulls will likely try to defend the area and launch another attempt upwards.
📌 Conclusion
The path of least resistance currently favors the bulls while the $3,360 level holds.
Watch for consolidation near $3,360 – $3,370 as a healthy retest before potential continuation to the upside target zone ($3,410 – $3,430).
📅 Near-Term Bias
Remain cautiously bullish while above $3,360.
A confirmed breakout above $3,410 opens room for further bullish momentum, while a breakdown below $3,360 can re-test the key support at $3,270.
EURUSD: Rise Ahead! 🇪🇺🇺🇸
EURUSD successfully violated a significant horizontal supply area yesterday.
The broken structure and a rising trend line compose a contracting demand zone now.
It will be the area from where I will expect a rise to higher level.
The next strong resistance is 1.151
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The secret behind the surge in gold prices
💡Message Strategy
(June 2) Gold prices soared nearly 3% as U.S. President Trump's tariff threats intensified trade tensions, stimulating investors' demand for safe-haven assets, and the U.S. dollar plummeted.
The dollar index fell nearly 0.8% on Monday. The sharp drop in the dollar makes dollar-denominated gold cheaper for holders of other currencies.
US President Trump said last Friday that from June 4, the tariff on US imported steel and aluminum will be raised from the current 25% to 50%. British Reuters said that this has once again disrupted international trade.
A spokesman for the European Commission expressed strong regret over the US announcement that it would increase tariffs and said that the EU is ready to implement countermeasures. The Canadian industry also expressed strong opposition, emphasizing that disrupting the cross-border supply chain of steel and aluminum will cause huge losses to both Canada and the United States.
📊Technical aspects
On the daily chart, gold rebounded from a two-week low and hit a four-week high this week, with a strong short-term trend.
For gold's lower support, focus on the breakout position of $3,350 in the U.S. session on Monday, which is also near the high point of gold last week, and the low point of $3,345 after the gold price rose in the European session on Monday;
For gold's upper pressure, focus on the integer position of $3,400 and the upper track of the daily Bollinger band near $3,410. For further strength, focus on the high of gold in May at $3,438.
The 5-day moving average and the MACD indicator re-formed a golden cross, and the KDJ and RSI indicators formed a golden cross downward. The short-term technical aspect shows that after the adjustment of gold, the bears began to gain an advantage.
💰 Strategy Package
Short Position:3385-3375,3395-3410
Gold is testing support
On the first trading day of June, gold and silver both rose sharply, especially silver, which rose by more than 5% in a single day and set a new high this year. Next, silver may be the main field.
In the short term, the market is affected by the ever-changing tariffs and tense geopolitical situation, which has led to the resurgence of risk aversion and pushed up the gold price.
As for silver, the long-suppressed emotions finally broke out. After the gold price rose continuously to a record high, only silver did not rise. I have repeatedly emphasized in the article that looking at the entire macroeconomic fundamentals, the factors supporting gold to rise first and silver to continue to rise are relatively clear.
The world's largest gold ETF has increased its holdings for two consecutive trading days, and silver has increased its holdings for six consecutive trading days. Such continuous increase in holdings is relatively rare, and it can also drive the positive sentiment of the market and increase buying power. Therefore, as far as silver is concerned, the rise is far from over.
Gold held its gains after yesterday's surge. The daily line recorded a real big positive, and the price remained above the moving average of each period. The upper Bollinger upper rail was suppressed. Fortunately, the short-term indicators continued to maintain an upward trend, which was in line with the K-line trend. The daily line tended to be bullish.
Due to yesterday's excessive increase and no data and events to support it today, the momentum for continued rise was insufficient, and the retracement was normal. However, the idea of falling back and then bullish remained unchanged.
So far, the gold price has fallen back to the low of 3350, which is regarded as an effective technical support. If this level is broken, the support below will be in the 3330-3325 area. During the stable period, it will wait for the further support area below the fall to intervene in the long bullish position. The pressure is at the first target of 3380 and the second target is at the 3400 mark.
Dollar Tree | DLTR | Long at $67.00Dollar Tree NASDAQ:DLTR has taken a massive hit to its stock price as low-income spenders are cutting back (recession red flag, anyone?). It recently touched my selected "crash" simple moving average area (white lines on the chart) and may take many years before true recovery occurs. However, the Director recently bought $150k+ in shares after this recent drop, showing confidence in the company as a whole. I don't think we'll see all-time highs again for some time, but I believe at $67.00 there is a longer-term opportunity into 2026 and beyond. This does not mean I feel the bottom has occurred yet. I wouldn't be surprised if it hits around the $50.00 mark with more bad economic news. No one truly knows. But, I personally choose to position build over time while using charts and fundamental information. At $67.00, NASDAQ:DLTR is in a personal buy zone. If it drops further and fundamentals don't nosedive, more shares will likely be added.
Target #1 = $81.00
Target #2 = $88.00
Target #3 = $94.00
NU - One of my favorite long term holds. Loading up every chanceI believe this company is way undervalued and it is growing exponentially. Overlooked because of where it does business (mainly Brazil, Mexico) but the leader in those countries.
I am adding every chance I get for a long term hold here - and the algorithms are agreeing with me!
Happy Trading :)
TRVG - Basic Analysis can lead to great trade ideas!This is as simple as it gets. See a taper, be a taper!
Good trade opportunity incoming if we prove a breakout of red strong selling and we can make our way toward a HTF purple tapered selling and ultimately prove a HTF buying continuation in orange.
Happy Trading :)
DPZ - Very Bullish Chart!All I needed to see was this most recent white algorithm respecting and I'm interested. Automatically catches my eye when I see us respecting such a tapered algorithm on both the buy and sell side on the HTF. This, in my opinion, is poised for a pretty large breakout.
Happy Trading :)
Gold is taking a break, the next wave will be even stronger.Gold opened at 3382 today and rebounded to 3392 for a technical decline adjustment. So far, gold has hit a low of 3351. Currently, gold continues to fluctuate around 3360. We will pay attention to the support situation at 3345-50 below. If it does not break through, we will look for opportunities to go long.
Judging from the current trend of gold prices, the overall bullish trend remains, and there is still the possibility of further upward movement in the short term. The support below focuses on the 3345-3350 area, which is an important defensive position for short-term bulls. If it falls back to this area and stabilizes during the day, you can continue to rely on this position to arrange long orders, and the bullish thinking remains unchanged. Pay attention to the 3395-3400 first-line pressure above. If this range is effectively broken, the gold price is expected to hit the previous high and further open up the upward space. From the daily level, the market is still in the "low-long" rhythm of the trend, and it is expected to maintain a volatile upward trend in the short term. The recent market fluctuations are large. In terms of operation, it is necessary to strictly control the position and pay attention to risk prevention.
Gold operation strategy recommendation: Go long when gold falls back to 3345-3355, target: 3380-3390.
$141 Stop, $207 Target — Bullish Setup on GOOGL with 1.4RMarket Context
Alphabet Inc. (GOOGL) is showing renewed bullish momentum on the 2-week chart. After a healthy correction earlier in the year, price action is now turning decisively upward, reclaiming its long-term trendline and bouncing off a major support level. This setup suggests a shift in market sentiment from consolidation to breakout mode, with significant upside potential.
Key Technical Levels
• Key Support – $151.90
This zone has acted as a major demand level and was tested multiple times. The recent bounce from here reaffirms its strength and underscores the market’s willingness to buy dips at this level.
• Stop Loss – $141.49
Positioned just below the Key Support, this stop loss accounts for volatility while protecting against a full breakdown. A close below this level would invalidate the bullish thesis.
• Resistance Level 1 (TP1) – $191.91
This price level marks a prior swing high and represents the first bullish target.
• Resistance Level 2 (TP2) – $207.32
A clear breakout beyond TP1 sets up the path toward this higher resistance, which also aligns with historical supply from mid-2021.
• Trendline Reclaim
The multi-year ascending trendline, breached temporarily, has now been reclaimed with conviction — a strong bullish signal on higher timeframes.
Trade Setup
• Entry Zone: $168.00 – $169.00
• Take Profit 1 (TP1): $191.91 (approx. 14% upside)
• Take Profit 2 (TP2): $207.32 (approx. 23% upside)
• Stop Loss: $141.49 (just below Key Support)
• Risk–Reward Ratio: Approximately 1.43
Price Action & Trend Confirmation
After establishing a series of higher lows, GOOGL has rebounded from the $151.90 zone with strength, forming a bullish engulfing candle on the 2W chart. This move brought the price back above the long-term trendline — a textbook bullish signal when viewed on a macro timescale. The structure now favors trend continuation, especially if the price holds above the $168–$170 zone in the short term.
Risk Management and Strategy
The stop loss below $151.90 is deliberately placed at $141.49 to avoid premature exit from minor volatility. This level is safely beneath the most recent swing low and gives the trade breathing room to develop. A partial exit at TP1 locks in gains while preserving capital for the extended move to TP2, where major resistance could trigger broader market attention.
Conclusion
GOOGL is setting up for a high-probability breakout from a clean technical base. With the price respecting long-term support, reclaiming the trendline, and establishing bullish momentum, the path of least resistance is upward. The trade offers a solid reward-to-risk profile and aligns with institutional-style setups often seen prior to extended rallies.
In short: GOOGL looks ready to move, and this is a setup bulls won’t want to ignore.