Gold is in the Bearish Direction after Breaking SupportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Trend Lines
Long-Term Spot Technical Analysis of INJ CoinWhen evaluating INJ coin for long-term spot investments, it is evident that the price continues its downward movement after being rejected from the daily resistance level at $16.33. If INJ fails to receive a strong buying reaction from the $13.16 support in the coming days, the downtrend is likely to persist.
Our preferred long-term spot entry zone lies between the $11.86 – $11.26 support range. If INJ retraces to the blue support zone marked on the chart, we intend to accumulate with a long-term target of $23.
As long as INJ continues to close daily candles above the $10 level, we will maintain our long-term spot positions. Should the price rebound from the $11.86 – $11.26 zone, our initial upside target will be $16.33.
Not Financial Advice (NFA).
Long-Term Technical Analysis of AVAX CoinWhen evaluating AVAX for long-term investments, the blue support zone highlighted on the chart stands out as the key area to monitor for potential spot entries. If AVAX closes daily candles below the $22.77 level, it is expected to continue its downward trend.
The primary spot buy zone for AVAX is identified between the $21.20 – $20.25 support range. If the price retraces into the blue zone on the chart, we plan to initiate spot positions. Should AVAX show a reversal from this area, our next upside targets are $27.63 and $32, respectively.
If AVAX fails to generate a strong reaction from the blue zone and continues to decline, we will then monitor the $18 support level. As long as AVAX holds above $18, our bullish outlook from this analysis remains valid.
Not Financial Advice (NFA).
The golden direction in the volatile trend
💡Message Strategy
The market is currently in a wait-and-see phase ahead of major fundamental events. With the Federal Reserve's interest rate decision and key data such as second-quarter GDP and the core PCE price index set to be released, traders are generally cautious. Gold has stabilized slightly after a series of declines, but a meaningful reversal has yet to materialize. The divergence between bulls and bears is intensifying, and the market is on the verge of a breakout. This week's gold market is driven by uncertainty surrounding macroeconomic expectations and the Fed's monetary policy.
After four consecutive trading days of gains, the US dollar index has slowed its gains, temporarily retreating to around 99. Traders are still betting on a September Fed rate cut, with the market placing a 64% probability on a September rate cut. However, this week's release of Q2 GDP and the core PCE price index data will significantly impact this outlook.
If GDP and inflation data are weak, this will reinforce market expectations of easing and potentially attract renewed buying for gold. Conversely, strong data could dampen expectations of a rate cut, supporting a stronger dollar and putting pressure on gold.
Furthermore, the Federal Reserve is about to hold its interest rate meeting. While it's almost certain that interest rates will remain unchanged, Powell's speech will be a key focus for the market. Any signals regarding internal disagreements, adjustments to the inflation path, or adjustments to the policy framework could trigger significant market volatility. From a global perspective, geopolitical risks have been relatively stable recently, providing no sudden support for gold.
📊Technical aspects
Gold is showing signs of a short-term rebound, but the technical structure still indicates a weak rebound, with no confirmed trend reversal. A break above 3350 would be considered a temporary stabilization, while a break below 3300 would reopen the downside. Current market sentiment is in a "wait for a signal" phase.
Gold currently has limited downward space, and data factors are accelerating this week. Gold is likely to undergo a long-short conversion, so our trading strategy uses a small stop loss to counter the larger space for gold's shape conversion.
💰Strategy Package
Long Position:3290-3305,SL:3280,Target: 3340-3360
GBPCHF: Very Bullish OutlookI see 2 strong bullish confirmations on 📈GBPCHF on a 4H time frame.
The price has broken above a key descending trend line and the neckline of an inverted head and shoulders pattern.
This suggests a high likelihood of further upward movement, with the next resistance level at 1.0825.
USD/CAD Eyes Breakout Above 1.38 as Weekly MACD Flashes BullishUSD/CAD Eyes Breakout Above 1.38 as Weekly MACD Flashes Bullish Signal
USD/CAD Weekly Technical Outlook
The pair is approaching a key resistance zone around 1.3800 . A weekly close above this level could signal a push toward the 1.4000 handle, opening the door for a longer-term bullish breakout and potential buy-and-hold scenario.
From the downside, a break below 1.3500 would likely trigger Canadian dollar strength, possibly driving the pair much lower.
MACD Confirmation:
The weekly MACD is crossing above the histogram from below, which is typically a bullish momentum signal. This supports the idea of a developing uptrend and could mark the beginning of a sustained move higher—especially if accompanied by strong volume.
Fundamental Backdrop:
The recent surge in U.S. Treasury demand reflects heightened risk-off sentiment and USD strength, which may continue to support the upside in USD/CAD in the near term.
GOLD Range-Bound Before Fed – Breakout Above 3349 Unlocks 3374GOLD | Bullish Momentum Builds Ahead of Fed Decision – Key Range Between 3349 and 3312
Fundamental Insight:
Gold is slightly higher as the U.S. dollar weakens ahead of the Fed’s rate decision. Markets await signals on future policy, which could drive sharp moves in gold.
Technical Outlook:
Gold remains bullish while above 3320, with upside potential toward 3349.
A 1H close above 3349 confirms breakout momentum, opening the path toward 3374, and potentially 3401.
A break below 3320, especially below 3312, would invalidate the bullish setup and trigger downside toward 3285, then 3256.
Currently range-bound between 3349 and 3312 — watch for breakout confirmation to determine the next trend direction.
Key Levels:
• Support: 3320 – 3285 – 3256
• Resistance: 3349, 3374 – 3401
Bias: Bullish above 3320
📍 Watch Fed volatility – breakout expected soon
Dow Jones Futures Edge Up Ahead of Fed, GDP & Tech EarningsDow Jones Futures Edge Up Ahead of Fed, GDP & Tech Earnings – Bearish Bias Below 44,770
Dow Jones futures rose slightly overnight as investors brace for a packed session. Key events include the release of Q2 GDP data before the market opens, the Federal Reserve’s policy decision in the afternoon, and earnings reports from major tech firms later in the day.
Yesterday, the Dow Jones managed to break below the ascending channel, which technically indicates a new bearish signal for today.
The price stabilizing below 44,770, along with an attempt to break the support line at 44,610, suggests a potential downward move.
Initially today, before the opening of the New York session, the price may attempt to rise toward 44,770 as a retest. However, we anticipate a decline afterward, aiming to break and pass the support level at 44,610, and then extend the drop toward 44,360.
The bullish scenario becomes valid only if the price stabilizes above 44,770. If it can trade above this level for a longer duration, it may rise further toward 44,910.
Key Levels
• Support: 44,610 - 44,360.
• Resistance: 44,770 - 44,910 - 45,100.
SPX500 Awaits Fed – Key Support at 6388 in FocusSPX500 Awaits Fed Decision – Breakdown Below 6365 Could Deepen Correction
Following the registration of a new all-time high at the beginning of the week, the price has started to decline. Also, investors await the Federal Reserve's policy statement later today for guidance on the future path of monetary policy.
The price is currently positioned below the 6388 level, which is a key zone in conjunction with the support line at 6365. This area signals the potential for a new downward correction if the price stabilizes below 6365.
A sustained move below 6365, confirmed by a 1H or 4H candle close, would open the door to a sharper decline toward 6341, followed by 6319, both considered critical support zones.
As for the bullish scenario: if the price finds support and manages to rebound today, the first step toward recovery would be a breakout above 6388, which may lead to a climb toward 6415. Breaking above 6415 would pave the way to retest the resistance zone at 6427, with the potential to reach a new all-time high at 6454.
Key Levels
• Support: 6365 - 6341 - 6319.
• Resistance: 6388 - 6415 - 6427.
USDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.81000 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.81000 support and resistance area.
Trade safe, Joe.
GOLD → False breakdown 3310. Consolidation ahead of news...FX:XAUUSD is forming a false breakdown of support at 3310, thereby confirming the boundaries of the trading range. The dollar is testing strong resistance within the global downtrend. And in the near future, we can expect more economic news...
Gold is trading below the key resistance level of $3345, remaining in a narrow range ahead of the Fed's decision and US GDP data for Q2. Weak data could reinforce expectations of a rate cut and support gold, while strong data would strengthen the dollar. The Fed is likely to keep rates at 4.25–4.5%, with markets pricing in a 64% chance of a 25 bps cut in September. Investors are waiting for signals from Jerome Powell, with a possible split within the Fed: some members may support calls for easing, which would be a driver for gold.
Technically, the situation on D1 is quite interesting. Gold is still below the previously broken trend resistance, but there is no continuation of the momentum. Buyers are reacting to support at 3310, but the market is stagnating due to uncertainty ahead of the news...
Resistance levels: 3345, 3375
Support levels: 3320, 3310, 3287
Thus, from a technical analysis perspective, I expect a retest of 3345, followed by a pullback to support at 3320, from which gold could move higher (if the bulls take the initiative), but if 3320 breaks and 3310 comes under pressure, gold could test 3287. Again, the emphasis is on trend support (the upward line) in the 3335-33450 zone. If the price can consolidate in this zone, we will have confirmation that the price has returned to the boundaries of the upward trend.
Best regards, R. Linda!
Ethereum Rejected from Supply - Bearish Shift in ProgressHello everybody!
Price has been rejected from a supply area.
The bullish trend has slowed down, and the market structure is slightly shifting bearish.
A polished upward trendline has been broken on the 1H timeframe.
We’re aiming for a target around the first untouched demand zone: 3437.
Manage your risk and trade safe!
GBPCHF: Another Bearish Signal?! 🇬🇧🇨🇭
Quick update for GBPCHF.
We discussed a strong bearish confirmation yesterday.
Today, we have one more.
The price formed a double top after a test of a strong intraday
falling trend line.
Its neckline was broken this morning.
I expect a retracement to 1.0735
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NAS100 MAY FORM THE BEARISH HEAD AND SHOULDERS.NAS100 MAY FORM THE BEARISH HEAD AND SHOULDERS.
NAS100 has been trading sideways since the beginning of the week, forming local highs with lows staying at same price for the most part. The price seem to form the Head and Shoulders reversal pattern
What is a Head and Shoulders?
A Head and Shoulders pattern is a reversal chart pattern signaling a potential trend change. It consists of three peaks: two lower "shoulders" and a higher "head" in the middle, connected by a "neckline" (support level). A bullish (inverse) Head and Shoulders forms at a downtrend's end, signaling an uptrend; a bearish Head and Shoulders forms at an uptrend's end, signaling a downtrend.
Currently the SMA50 is pushing on NAS100 from above, while SMA200 is supporting the price. In case the SMA200 on 30-m minutes timeframe gets broken, we may see the decline towards 23,200.00 support level.
SHIBUSDT major weekly support of 0.000010$ is strong!!Two weekly supports which are 0.000010$ & 0.000007$ are strong enough to hold price like past years and i think soon those weekly +100% candles will surprise us here on BINANCE:SHIBUSDT too.
all major supports and resistances are all also mentioned on the chart too.
DISCLAIMER: ((trade based on your own decision))
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