GOLD (XAUUSD): Waiting For Another Breakout
Following the latest news, I think you would agree with me that
Gold will most likely rise more.
Your technical confirmation can be a bullish breakout of the underlined
blue resistance and a daily candle close above 3435.
It will be an important trigger that will push the prices way up to a current ATH.
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Wave Analysis
Rate Cut Bets Keep Silver in FocusSilver slipped toward $36 per ounce as investors locked in gains after hitting a 13-year high. The metal remains supported by strong industrial demand, supply deficits, and safe-haven interest during global uncertainty. Industrial uses, especially in solar and electronics, account for over half of the demand. A fifth consecutive annual supply deficit is expected, though the Silver Institute sees the gap narrowing by 21% in 2025. Softer U.S. inflation data for May also increased expectations of Fed rate cuts beginning in September, helping sustain interest in precious metals.
Resistance is set at 36.90, while support stands at 35.40.
BITCOIN Short Position Update – June 11, 2025We are the SeoVereign Trading Team.
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Bitcoin downside perspective shared.
Currently, Bitcoin appears to have entered an overheated zone based on both Elliott Wave Theory and harmonic pattern analysis.
While it has been continuously setting new highs alongside Ethereum, the technical structure suggests the possibility of a short-term pause.
Accordingly, a bearish idea is shared.
The first target is set at 108,600.
More detailed ratio analysis and additional reasoning will be shared through an idea update once the first target is reached.
Flexible response according to market conditions is necessary.
EUR/USD Long-Term Trade Idea (Bullish to Bearish Transition)The EUR/USD pair is expected to enter a bullish phase in the near term, potentially rising toward the key resistance zones between 1.18616 and 1.20143. These levels are likely to act as strong reversal points, where the pair could encounter significant selling pressure.
Once price reaches this zone, a bearish reversal is anticipated, aligning with broader technical signals and long-term resistance structures.
This setup presents an opportunity to ride the bullish momentum toward these levels, then potentially shift to a sell bias upon confirmation of rejection or reversal patterns within that zone.
“Buy the strength, sell the exhaustion — let the market come to you.”
Emirates REIT Bullish DivergenceEmirates REIT is bouncing off from a 2H demand zone and broke the downward trendline, with Bullish RSI Divergence.
The stock had a sharp correction >30% and likely to start a new impulsive wave.
Good time to enter the market or add to your position.
Entry: 0.434
TP : 0.577 (4:1 RRR)
SL: 0.396
Trade Safe!!
EURUSAD 4hr Chart Analaysis If EUR/USD breaks above the 1.14218 level, the next bullish target would be 1.16710.
This level marks a potential continuation of the uptrend, suggesting strong bullish momentum. A clean breakout above 1.14218 would likely confirm buyer dominance, possibly driven by improving eurozone fundamentals or broad USD weakness. The 1.16710 zone could act as a medium-term resistance level, aligning with historical price action and potential Fibonacci extensions.
Traders should monitor price behavior closely near 1.14218 for confirmation of a breakout, such as high volume and sustained closes above the level.
Bitcoin at a Generational Crossroads : The $115k Decision Point Chart: BTC/USD, Monthly Timeframe
Bias: Neutral to Bearish if key resistance holds.
Idea: This is a long-term analysis based on historical price action within a multi-year channel.
Summary (The Thesis):
This analysis looks at Bitcoin's price action on the monthly chart, contained within a large, ascending parallel channel that has defined bull and bear cycles for years. We are currently testing the upper boundary of this channel, a historical resistance zone.
My thesis is that the $110,000 - $115,000 zone represents a critical decision point for the entire market. A failure to decisively break above this level could initiate a significant, multi-month pullback to reset market sentiment and gather liquidity before the next major leg up.
The Macro Analysis (The "Why") :
The Ascending Channel: As you can see on the monthly chart, Bitcoin's price has respected this ascending channel since 2017. The upper line has consistently acted as a major distribution zone and cycle top (marked with red arrows), while the lower line has served as a generational buying opportunity (marked with green arrows). We are currently at the upper line.
Historical Resistance: History shows that the first test of this upper channel boundary is rarely successful. The price often requires a significant consolidation or a deep correction before it can muster the strength to break into a new price paradigm.
Market Mechanics & Liquidity: From a market mechanics perspective, a massive number of longs have entered the market since the move up from the $70k-$75k range. A "huge pullback" would serve to liquidate these late, over-leveraged positions, allowing market makers to absorb liquidity and build the necessary foundation for a sustainable break of the all-time high later on.
Gold Surges Amid Middle East TensionsGold surged more than 1% to exceed $3,440, approaching record levels amid a sharp rise in safe-haven demand. The gains came after Israel's strike on Iran’s nuclear facilities, fueling concerns over a wider regional conflict. Uncertainty surrounding potential US tariffs added to market jitters. Additionally, softer US inflation data increased expectations for Federal Reserve rate cuts, enhancing gold's appeal as a non-yielding asset.
Resistance is seen at $3,430, while support holds at $3,350.
EUR/USD Slips on Geopolitical TensionsEUR/USD dropped to around 1.1530 on Friday, ending a four-day rally, as safe-haven demand lifted the US Dollar amid rising Middle East tensions.
Israel struck Iranian targets to weaken its nuclear program, prompting emergency measures. The US denied involvement but warned Iran not to target its assets.
Trump’s plan to expand steel tariffs from June 23 added trade uncertainty, while soft US inflation data kept Fed rate cut hopes alive.
Markets now await the US Michigan Sentiment report for further signals.
Resistance is located at 1.1580, while support is seen at 1.1460.
DogeHere is the possibility that i have drew up for the wave.
Horizontal ish dark and light green, buy marks/area
white is the gradual loop around rise
the light green up parrallel is boost growth.
i dont claim to know anything and am just seeing what i hit. along with sharing what my hailmary might be.
GOLD Will Move Higher! Long!
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,423.03.
Considering the today's price action, probabilities will be high to see a movement to 3,467.03.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURUSD Is Bullish! Buy!
Here is our detailed technical review for EURUSD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.152.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.163 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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NZDUSD Is Very Bearish! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.601.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.588 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPUSD Is Going Down! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.354.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.345 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BITCOIN SENDS CLEAR BULLISH SIGNALS|LONG
BITCOIN SIGNAL
Trade Direction: long
Entry Level: 104,672.03
Target Level: 107,484.65
Stop Loss: 102,785.72
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
CAD/JPY SIGNAL
Trade Direction: short
Entry Level: 105.623
Target Level: 104.251
Stop Loss: 106.529
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 2.241 level area with our short trade on GBP/NZD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GOLD → Geopolitical risks are driving gold prices up. To ATH?FX:XAUUSD is updating its interim highs as it retests resistance at 3435 amid escalating tensions in the Middle East. Economic risks are on the rise...
Gold rose 1.5% on Friday in Asian trading as investors sought refuge from escalating tensions between Israel and Iran. The price approached 7-week highs and could reach $3,500 if the conflict intensifies. The US and Israel have warned of serious consequences, while Iran has promised to respond. Geopolitics has overshadowed economic news, and markets are pricing in the possibility of a Fed rate cut in September.
Technically, the price is emerging from a local consolidation and testing a fairly important resistance level, forming a false breakout and correction. But this does not mean that the price will fall...
Resistance levels: 3425, 3435, 3461
Support levels: 3408, 3400, 3377
If gold consolidates above 3425 and continues to storm the resistance, growth may continue, and at the moment, there is a fairly high probability of a retest of the ATH. However, the ideal scenario would be a retest of the zone of interest 3408 - 3400 and the capture of liquidity before continuing growth.
Best regards, R. Linda!