Trend Lines
Gold Strong Pullbacks But Long Term Image Still Bullish!!!Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3,200 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3,200 support and resistance area.
Trade safe, Joe.
European session focuses on 3312 to accelerate the opening of th
Today, I still treat it as bearish. The market rebounded to 3322 and then started to fall, which is different from our expectations. The retracement and decline accelerated after breaking 3312. The current lowest is 3290. The main bearish idea is correct, but there is still room for decline. Now let me tell you about today's risk data!
On Friday, the U.S. Bureau of Economic Analysis will release the personal consumption expenditure (PCE) price index for April. As the most favored inflation indicator of the Federal Reserve, the year-on-year change of the core PCE price index has a greater impact on policymakers.
If the data is released today, the core PCE price index in April will rise faster than expected. The direct reaction of the market may lead investors to prefer the policy interest rate to remain unchanged in July. In this case, the US dollar may gather strength, causing gold prices to fall before the weekend.
A view on the trend of gold in the European session
Gold opened today with a maximum rise of 3322 and then started to fall. As of now, the lowest price has retreated to 3290. At present, it is not ruled out that gold will fluctuate widely, but my view on the trend is still biased towards the short side. Today's accelerated opening is at 3312. The current rebound strength still depends on the strength of the European session. In the European session, we should first focus on the 3312 line. If there is pressure, we will still look down to 3280! Otherwise, we have to test the high point of the opening above.
But if the European session directly breaks through the 3280 line, there is still room for decline, and the support is at the 3260-50 line. In addition, today is the last day of the monthly line closing, and the range of fluctuations has not yet left. If there is no suitable entry opportunity, just wait patiently. In my personal opinion, if the closing is below 3320, June is still short for the time being.
Gold: Short near 3212, defense above 20, target 3280, break to see 60 line!
It seems calm, but there are actually undercurrents!Today, the monthly, weekly and daily lines closed simultaneously. At the same time, the PCE data will be released during the US trading session, and the market volatility may intensify.
From a technical point of view, 3285 is also the key to long and short today. If gold does not break 3285 today, the strength of gold bulls is expected to continue, and there is still room for gold to move upward. If gold continues to fall and falls below 3285, then gold may begin to fluctuate in a large range. The upper resistance is in the 3320-3330 area, and the focus is on the 3335-3340 line of suppression. Pay attention to the 3290-3285 line of support below, and the key position below is in the 3280 area. If it breaks below the 3280 area during the day, the market is expected to fall again to the 3265-3250-3240 area.
Deere & Company Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Deere & Company Stock Quote
- Double Formation
* (Uptrend Argument)) | Completed Survey
* (Upper Band)) #1 - *470.00 USD | Subdivision 1
- Triple Formation
* (Wave feature)) - *12345 Wave Cycle | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Regular Settings
- Position On A 1.5RR
* Stop Loss At 480.00 USD
* Entry At 502.00 USD
* Take Profit At 534.00 USD
* (Uptrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
USDCAD: Bearish After the News 🇺🇸🇨🇦
USDCAD looks bearish after a release of today's fundamental news.
A bearish breakout of a rising channel on a 4h time frame
and a strong selling reaction after its retest provide
a reliable bearish continuation.
I think that the price may drop to 1.3743 support.
❤️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.
GBPUSD: If Trump could lower the rates! Hello Traders, If Trump could lower the race, we will see more bullish weeks for the pair. At least for this week I'm more Bullish!
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confrimation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
*******************************************************************
Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
EURUSD: weekly overviewTake FOMC meeting under observation, the US GDP is also a really important news.
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confrimation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
*******************************************************************
Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
can Gold make new LL??as it seems a quite bearish trend, the metal has just marked its 3rd LH, so the main thing is that will it continue its bearish trend and if it does that traders should add short positions and for that I have also opened short position although decent RR can be achieved on shorter TFs. The next possible LL has been calculated by the avg of last two
Gold PCE data outlook
💡Message Strategy
Gold remained under pressure today, hovering around the $3,300 mark, mainly affected by the mild rebound of the U.S. dollar. As gold prices are highly sensitive to the U.S. dollar, a stronger dollar usually suppresses demand for gold. However, gold still remains above this week's low, indicating that there is still a lot of room for further decline.
Tim Waterer, chief market analyst at KCM Trade, said: "The market is hesitant to establish new gold long positions before the release of the US core PCE."
The market currently expects the Federal Reserve to cut interest rates by 50 basis points by the end of this year, and the first rate cut may begin in October.
📊Technical aspects
From a technical perspective, gold prices have been frustrated at the $3,320 resistance level, with a short-term bias to the downside. The momentum indicator on the 4-hour chart has turned negative, supporting gold prices to further test the $3,280 support level. If it fails, it may fall to the previous day's low of $3,250. If it breaks further, it may fall to the key psychological support of $3,200.
The rebound of the US dollar has put some pressure on gold, but the weak support of gold prices still shows a clear decline. Considering the rising geopolitical risks and the uncertainty of US policies, the market tends to maintain a short position in gold.
💰 Strategy Package
Long Position:3295-3300
GOLD (XAUUSD): Detailed Daily Time Frame Analysis
Gold is officially in correction now.
Analysing a price action on a daily time frame,
we can see a valid bullish flag pattern.
A minor trend that we see within the boundaries of the flag
reflects a global overbought state of the market.
The upper boundary of the flag is a strong vertical resistance
that concentrates a selling interest.
An accurate signal of a resumption of a bullish trend will be
a breakout and a candle close above that.
A bullish wave will be expected at least to 3420 then.
Remember that we can not predict how long the market will
keep trading within the flag. Also, the market may easily
drop lower within that, updating the low.
If a correction continues below the low of a flag pole,
that may signify a global bearish reversal.
Of course, from a current geopolitical and economic perspective
it is a low-probability scenario.
❤️Please, support my work with like, thank you!❤️
HelenP. I Bitcoin can start to grow from support zone in rangeHi folks today I'm prepared for you Bitcoin analytics. Observing this chart, we can see how the price rebounded from the support zone, which coincided with support level 2, and fell to the trend line. After this moment, BTC started to grow near this line and soon broke support 2. Then it made a correction below the trend line, but soon turned back and continued to grow. Later, Bitcoin reached support 1, which coincided with the support zone too and then some time traded in this area. Price traded between the support area and the trend line, and later finally broke support 1 and entered into a consolidation. In this pattern, BTC rose to the top part of the range and then made a correction to the trend line at once. Soon, Bitcoin broke this line and continued to fall, and at the moment it traded near support 1, which is the bottom part of the consolidation as well. So, I expect that BTCUSDT will correct to the support area and then start to grow. For this case, I set my goal at 109000 points. If you like my analytics you may support me with your like/comment ❤️
Trading Signals for GOLD sell below $3,286 (200 EMA-21 SMA)Early in the American session, gold is trading around 3,302 within the bearish trend channel formed on H1 charts since May 23.
The yellow metal is likely to continue its bearish cycle in the coming hours if the price consolidates below the 21SMA or below 3,310.
If its bearish cycle continues, we should expect gold to fall below 3,310. Then, it could reach the 6/8 Murray line at 3,269 and even fall to the bottom of the bearish trend channel around 3,245 and finally at 3,218.
On the other hand, if the price consolidates above the 21SMA, the outlook could be positive, and we could buy with targets at the 7/8 Murray line at 3,360.
For confirmation of the bullish cycle, we should expect a break above 3,320.Then, gold could continue rising and reach 3,360 AND EVEN CLIMB TO THE 8/8 Murray at 3,437.
The indicator is showing a negative signal, so we believe gold could continue falling in the coming days, reaching the level around 3,200.
AUDCAD → Support retest. False breakdown?FX:AUDCAD is within the range. The price is heading towards support within the local distribution. There may not be enough potential for a breakdown of support...
Against the backdrop of the strengthening Canadian dollar, the currency pair is ready to test consolidation support. The price has no clear trend, consolidation is forming in the range of 0.891 - 0.885. The price is heading towards support, there is no pre-breakout base, the level is quite strong and the distribution may end with a false breakdown and a rebound...
Support levels: 0.8858
Resistance levels: 0.8878, 0.8897
Below the level of 0.8858, there is a fairly large liquidity reserve, and there is no global trend, which means a neutral situation. Retesting the support zone after a sharp decline may end in a false maneuver and growth.
Best regards, R. Linda!
Trading Signals for EUR/USD sell below 1.1360 (21SMA-5/8 Murray Early in the American session, the euro is trading around 1.1340 and is experiencing a strong technical rebound after reaching the 4/8 Murray level at 1.1230.
The euro could rise in the coming hours, but it faces strong resistance around 1.1352. This level could provide a key opportunity to resume selling.
It the euro falls below the 21SMA at 1.1326 or below the 5/8 Murray level, we could expect a technical correction and could reach the 4/8 Murray level at 1.1240 and even fill the gap it left around 1.1168.
The indicator is showing a negative signal, however, we could expect a recovery in the euro in the coming hours, before it could fall again.
EUR/USD Daily Setup TradeWithMkyPrice broke the descending trendline.
Bullish pinbar formed exactly on the midline of the bullish channel.
Buy Entry above the high of the pinbar.
Stop Loss below the pinbar low.
Target 1: 1.15244
If Target 1 is hit, consider trailing the stop above the channel’s midline.
Clean R:R setup on D1.
NVIDIA Stock Weekly Outlook: Support Holds Strong as $185 TargetThe weekly chart of NVDA shows a strong continuation pattern forming after a period of consolidation and a healthy pullback. The recent price action confirms a bullish stance, with a fresh bounce off support and momentum gradually shifting in favor of the bulls.
________________________________________
Long-Term Uptrend Confirmed
The blue ascending trendline drawn from early 2023 remains intact, showing that the overall trend is still bullish. NVDA has respected this trendline multiple times, with each touch followed by a renewed upward move. This week, the price rebounded once again near this trendline, confirming its role as dynamic support and signaling renewed buying interest.
________________________________________
Resistance and Breakout Potential
The key resistance level is marked at $152.98, which represents the recent weekly high and a psychological barrier. This level has acted as a ceiling in past attempts, but the current structure and momentum suggest a potential breakout if volume confirms. Above this level, there's clear air up to $185, where the next major resistance sits, and which also acts as the projected target in this trade setup.
________________________________________
Support Holding Strong
A strong support zone around $93.40 is clearly defined and has already triggered multiple rejections. NVDA recently saw a sharp bounce from this zone after a downward rejection, signaling that institutional buyers may be active here. This area is the foundation of the current bullish case.
________________________________________
Momentum Turning Favorably
The True Strength Index (TSI), shown at the bottom of the chart, is emerging from a low region. While not yet fully bullish, the indicator is starting to turn upward, suggesting early signs of momentum building. If TSI crosses above the midline in coming weeks, it could confirm the start of a sustained upward move.
________________________________________
Trade Setup
• Entry Zone: $138 to $140 (current price range)
• Stop-Loss: $110 (beneath the last significant swing low)
• Target: $185 (aligns with the next major resistance and top of risk-reward box)
• Risk-Reward Ratio: Approximately 1.5:1
• Setup Bias: Swing to mid-term bullish continuation
________________________________________
Conclusion
NVIDIA’s weekly chart is aligning in favor of the bulls after a healthy consolidation and support retest. The price remains within a strong uptrend channel, and momentum is gradually improving. A breakout above $152.98 would likely attract more volume and set the stage for a rally toward $185. The risk-reward setup is favorable, making this a strong candidate for bullish swing positioning heading into Q3 2025.
BITCOIN (BTCUSD): A Deeper Correction?!
After Bitcoin updated the All-Time High, the market became
weak and exhausted.
A violation of a support line of a rising channel and a breakout
of a key horizontal support indicate a highly probable continuation
of a correction.
Our closest demand zone is 103200. It can be the goal for the sellers for now.
❤️Please, support my work with like, thank you!❤️
The end of the triple cycle faces a big test of data
Today is the closing of the monthly, weekly and daily lines, and the PCE data will be released, so the market volatility may increase. Looking at the four-hour level of gold, the downward trend line remains intact. As time goes by, the suppression level has also come to around 3345. In view of the fact that the rebound of 3245 at 3330 is blocked and moves downward, today's Asia-Europe session strategy focuses on the continuation of the downward trend; at the hourly level, the last high point of 3365 has been trading below the trend line since the decline. Yesterday's high broke the trend line, but today's opening fell below 3308, so the short-term trend has returned to the short position again. Therefore, today is still bearish, short-selling ideas.
The specific operation is to intervene in short positions below 3310, with a short-term target of around 3278; wait for a rebound near 3288 and short again to look at the target of 3245; mid-term operations can directly focus on the 3245 position, followed by the 3200 mark.
BTC Daily Breakdown – Major Uptrend BreachedBitcoin has now closed below the multi-week ascending trendline on the daily chart — the same trendline that defined the entire Phase D markup structure.
⸻
🔍 Breakdown Highlights:
📉 Daily Close: 107,764 → well below trendline ✅
🔻 Volume: 18.42M (near 20-day average) → not a panic candle, but confirms exit ✅
📉 Fibonacci Cluster: 0.5 (107,093) and 0.618 (105,495) now in play ✅
⚠️ RSI (14): 61.14 → still neutral, but diverging from price ❗
🧱 Next supports:
• 106,146 = BB basis
• 105,821 = BC Pole End
• 104,000 = Point of control from volume profile
⸻
🧩 Structural Impact (Wyckoff View):
• ❌ Trendline break = Phase D invalidated
• ❌ No breakout above ATH (109,852) after 3 attempts
• 🟠 Still not fully invalidated — if 105.8K holds, Spring-like scenario still possible
• 🔻 Close below 105.8K = Phase C fails → transition into Redistribution
⸻
⚠️ What to Watch Next:
• Bounce from 106.1–105.5K with volume could offer one last recovery setup
• A close below 105.8K confirms structural invalidation
⸻
🧠 Final Take:
The trendline break is real. Bulls need to defend the Fibonacci cluster + BC base around 105.8K. If that gives way, this becomes a failed reaccumulation and BTC risks a deeper structural rotation.
#Bitcoin #BTCUSDT #Breakdown #Trendline #TechnicalAnalysis #Wyckoff #BTC #CryptoMarkets #BTCdaily
Bitcoin's Breakout Fizzles: Is a Major Reversal in Play...?Bitcoin Technical Analysis – In-Depth Breakdown
Over the past two months, Bitcoin has exhibited a strong bullish trend, appreciating by approximately 51%. The sustained rally was primarily driven by bullish momentum, increased investor confidence, and broader market sentiment.
Recently, Bitcoin broke through its all-time high (ATH) of 106,500, surging to a new peak near 112,000. However, this breakout was short-lived as the price failed to sustain above this level, indicating significant profit-taking activity by traders and long-term holders. This inability to hold the ATH region highlights a potential liquidity pocket where sell orders accumulate, resulting in a rejection wick and a subsequent reversal.
From a Technical perspective:
The price has now fallen back below 106,500, turning this key level into a major resistance zone. Historically, once a strong resistance level (like an ATH) is breached and subsequently reclaimed, it often acts as a formidable barrier to upward price movement unless there’s renewed bullish momentum.
Additionally, Bitcoin has broken its ascending trendline (drawn from the lows of the uptrend) and has already retested this trendline from below. The retest was successful in confirming the breakdown, which further strengthens the bearish bias.
The price structure is now forming a potential lower high pattern near the 106,500 resistance. This could signal a shift in market sentiment from bullish continuation to consolidation or correction.
In terms of market psychology, the all-time high region represents a crucial psychological barrier. Traders and investors often exhibit heightened caution near such levels. Many choose to lock in profits due to fear of a double top or a false breakout. This behavior can create increased volatility, especially when combined with institutional and retail order flows.
Trading Strategy and Risk Management
Given the technical breakdown and the psychological factors at play:
✅ A short position can be considered, particularly around the 106,500 resistance, with confirmation from the trendline retest.
✅ However, exercise caution due to the high volatility typically observed near ATH levels. Whipsaws and fakeouts are common as both bulls and bears battle for control.
✅ Avoid high-leverage positions unless you have a strict stop-loss in place. Ideally, place the stop-loss just above the 106,500 - 107,000 zone, where a decisive breakout would invalidate the short setup.
✅ For profit targets, initial supports are seen around 100,000 - 98,000, and a deeper correction could test the 94,000 - 92,000 zone.
✅ Wait for clear confirmation, such as a strong bearish candle on the retest of the resistance, before entering the trade.