Two Trades to go Bullish on TSLAHello, I’m The Cafe Trader.
We’ve been tracking the MAG 7, and Tesla is the next focus for our short-term options or swing trade strategy.
I’m looking at two scenarios that are likely to play out with TSLA over the next few weeks.
For fundamental and long-term analysis, check my other article on TradingView.
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Even though we’re sitting near the middle, bulls have just pushed into a bearish liquidity level (marked “Bottom of Supply”). We don’t know how much supply is left here, but the fact that bulls are pressing in suggests the bears are losing steam. This doesn’t mean price won’t pull back—it just means bearish follow-through may be weaker.
With that in mind, here are the two main scenarios:
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1. Green Arrow — Bullish Test of Sellers
– Stock
If bulls keep the pressure on, we may see a test of the “Big Sellers” zone. The reaction there will tell us a lot.
If we see a sharp rejection (a quick tag followed by a flush) or a fake breakout that reverses, I’d approach longs more cautiously.
However, an aggressive entry long around the “Top of Demand” (around $321) could make sense, especially considering how buyers have been stepping in. This setup is primed to retest highs.
– Options
Pricing will be key here—especially post-earnings (EOD).
I’d look 2 weeks out. If you can snag a 335C for $5.00–$7.00, that’s solid.
Target profit would be into the Big Sellers zone. If we get a strong move before then that nets 3R–5R, I’d take it.
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2. Red Arrow — Bearish Reaction + Big Buyer Support
– Stock
If earnings disappoint, we could see a shift in momentum. That said, big buyers should step in around $295.
This is actually the more likely scenario in my view.
From there, I’d look for a swing back up into the 330–350 range.
We’ll need to see how sellers handle the drop—are they aggressive, or is it just a lack of buyer interest?
Either way, this could align well with long-term buy zones.
– Options
On a flush to $295, I’d look for 3–5 day expiration calls around the 305 strike. @ a price between $1.50–$1.70 (look for 2-3R)
After the bounce, I’d expect a pause or retest of the uptrend line.
Then I’d look 2–3 weeks out for the 325C or 330C, ideally between $3.00–$5.00.
I’ll keep an eye on option pricing and update if we reach that level.
⸻
That’s all for short-term TSLA.
Follow for more charting and trade ideas.
📲 @thecafetrader
Candlestick Analysis
350pips Secured — Focus Shifts to Dip-Buying StrategyToday's trading was very successful, and the grasp of the long and short rhythm was very accurate. Today's trading situation is as follows:
1. Close the short position with an overnight entry price of around 3386 near 3380, with a loss of 60 pips, and the loss amount exceeded $6K;
2. Directly short gold near 3380, manually close the position near 3366, profit 130pips, profit amount exceeded $12K;
3. Long gold near 3356, hit TP: 3372 and end the transaction, profit 160pips, profit amount exceeded $8K;
4. Long gold near 3362, hit TP; 3375 and end the transaction, profit 120pips, profit amount exceeded $6K.
Intraday trading summary: Today, the long and short sides completed a total of 4 transactions, one of which suffered a loss, but the net profit was 350pips, and the profit amount exceeded $20K. For short-term trading, I think I can submit a satisfactory answer to myself today!
How to execute the transaction next? Gold started to pull back from around 3438 and has now reached a low of around 3351, with a retracement of more than 870pips. The retracement space is not small. However, gold has stabilized above 3350 and has started a technical rebound repair, and the upward force is not weak, so gold may have completed the retracement. Under the support of these two technical conditions, gold may regain its upward momentum and hit 3400 again.
At present, the short-term resistance is obvious, located in the area near 3380. Once gold breaks through 3380, gold will inevitably continue to rise and hit 3400 again; but I think as long as gold stabilizes above 3350, it is not difficult to break through the short-term resistance of 3380, so gold will inevitably test the 3400 mark again; and the short-term support below is in the 3365-3355 area. Gold may still retreat to this area first during the rise in order to increase liquidity and accumulate momentum, helping gold to break through 3380 more easily.
So for the next short-term trading, I think it is feasible to go long on gold in the 3365-3355 area, first looking at the target area of 3380-3390, and then 3400.
Japanese Candlestick Cheat Sheet – Part Three- 3 candle patternsSo far in this series, we've broken down single candle formations ( Part 1 ) and explored double candle signals ( Part 2 ) — the kind of patterns that give you quick, often powerful hints about the market’s mood.
But now it’s time to go a step further.
👉 In Part 3, we dive into triple candlestick formations — patterns that take more time to form, but often offer stronger confirmation and a more reliable narrative.
They’re like reading three full sentences from the market instead of just one or two words.
If you’re ready to spot momentum shifts (not noise), this lesson is for you.
Let’s decode the story behind formations like Morning Star, Three White Soldiers, and so on.
MORNING STAR
Bias: Bullish
What is the Morning Star pattern?
The Morning Star pattern consists of a bearish candle, a small-bodied middle candle, and a bullish candle, forming at the end of a downtrend to signal potential reversal. This pattern reflects a shift from seller dominance to buyer strength, as the middle candle marks a pause before a reversal. The Morning Star is a reliable signal that buyer interest is reemerging.
Understanding Morning Stars helps traders anticipate shifts in momentum, providing valuable entry points for new uptrends.
Meaning:
Found in downtrends; signals potential bullish reversal as buyers gain control, with strength confirmed by the third candle closing above the first.
BULLISH ABANDONED BABY
Bias: Bullish
What is the Bullish Abandoned Baby pattern?
The Bullish Abandoned Baby is a rare but powerful reversal pattern that consists of a bearish candle, a gapped doji, and a bullish candle. The middle doji reflects indecision, while the third bullish candle confirms the reversal. This pattern highlights a dramatic shift in sentiment, showing that buyers are prepared to take control.
Recognizing the Bullish Abandoned Baby can offer traders insights into pivotal market shifts.
Meaning:
Appears in downtrends; suggests a strong bullish reversal, as the middle doji shows indecision, with confirmation by a strong bullish move.
THREE WHITE SOLDIERS
What is the Three White Soldiers pattern?
The Three White Soldiers pattern consists of three consecutive bullish candles, each closing higher than the last, often appearing in downtrends to signal a potential bullish reversal. This pattern reflects sustained buying pressure, indicating that buyer sentiment is strong. Psychologically, it shows that buyers are steadily gaining confidence, pushing prices upward.
For traders, Three White Soldiers provide a clear signal of momentum, ideal for capturing emerging trends.
Meaning:
Found in downtrends; signals potential trend reversal, showing sustained buying strength, often signaling the start of a bullish trend.
MORNING DOJI STAR
What is the Morning Doji Star pattern?
The Morning Doji Star pattern is similar to the Morning Star, but with a doji as the middle candle, indicating greater indecision before a reversal. This pattern consists of a bearish candle, a doji, and a bullish candle, highlighting a transition from bearish to bullish sentiment. The doji reflects a moment when market sentiment is balanced, but the third candle confirms a bullish shift.
Interpreting Morning Doji Stars can help traders identify turning points in downtrends, providing valuable entry opportunities.
Meaning:
Appears in downtrends; signals potential bullish reversal, with indecision from the doji and confirmation by a strong bullish candle.
EVENING STAR
What is the Evening Star pattern?
The Evening Star is a three-candle pattern that appears at the top of an uptrend, signaling a potential bearish reversal. It consists of a bullish candle, a small-bodied middle candle, and a bearish candle, showing a transition from buyer control to seller strength. This pattern often appears at market peaks, where optimism is giving way to caution.
Understanding the Evening Star pattern helps traders anticipate downtrend formations, allowing them to time their exits.
Meaning:
Found in uptrends; signals potential bearish reversal as sellers gain control, confirmed if the third candle closes below the first.
BEARISH ABANDONED BABY
What is the Bearish Abandoned Baby pattern?
The Bearish Abandoned Baby is the bearish counterpart to the Bullish Abandoned Baby and consists of a bullish candle, a gapped doji, and a bearish candle. This pattern reveals a dramatic shift in sentiment from bullish to bearish, highlighting a sudden reversal at the top of an uptrend.
Recognizing the Bearish Abandoned Baby can offer traders insight into market tops and impending trend changes.
Meaning:
Appears in uptrends; indicates strong bearish reversal, as indecision in the doji is followed by selling strength.
THREE BLACK CROWS
What is the Three Black Crows pattern?
The Three Black Crows pattern consists of three consecutive bearish candles, each closing lower than the last, appearing in uptrends to signal potential reversal. This pattern reflects sustained selling pressure, indicating that sellers are gaining control. The Three Black Crows highlight a moment when buyer confidence wanes, marking the beginning of downward momentum.
For traders, this pattern provides a clear signal to avoid buying into weakening trends or even entering short trades.
Meaning:
Found in uptrends; signals potential bearish reversal, with sustained selling pressure often marking the start of a downtrend.
EVENING DOJI STAR
What is the Evening Doji Star pattern?
The Evening Doji Star is similar to the Evening Star, but with a doji as the middle candle, highlighting greater indecision. This pattern consists of a bullish candle, a doji, and a bearish candle, indicating a shift from bullish to bearish sentiment. The doji suggests that buyers are losing control, with sellers prepared to reverse the trend.
Understanding Evening Doji Stars allows traders to recognize market tops, helping them avoid overextended trends.
Meaning:
Appears in uptrends; signals potential bearish reversal, as the doji suggests indecision, confirmed by strong selling on the third candle.
WTI crude: $65 floor holds again as bulls test 50-day MAAfter nine failures to break and close beneath $65 per barrel over the past month, you have to wonder how much longer bears will persist in attempting to take out the level. Following a nice pop higher on Thursday, completing a morning star pattern and closing above the 50-day moving average, it may be time for WTI bulls to have their day in the sun.
For those eyeing long setups, positions could be initiated above the 50-day moving average with a stop beneath for protection against reversal.
As for potential targets, the contract had little luck breaking cleanly above the 200-day moving average earlier this month, making it screen as a suitable level. It’s found just below $68 per barrel today.
Good luck!
DS
Is this a Bull Flag forming on the XRP daily timeframe?Although sentiment for XRP is strong and recent trend has been sharply upwards. I'm wondering if this is a bear flag forming on the daily?
Given the sharp rise it could be and may not be a negative signal as it could give the opportunity for a healthy pull back before rising again to new all time highs.
Let's watch how it progresses over the next few days. I will not be jumping into a trade until it confirms.
PCG Weekly Swing Trade | High-Probability Reversal Zone📍 Ticker: PCG (Pacific Gas & Electric Co.)
📆 Timeframe: 1W (Weekly)
💡 Pattern: Head & Shoulders Formation – Testing Neckline & Long-Term Support
📉 Price: $13.87 (current weekly level)
📊 Volume: 78M
📉 RSI: 33.7 → oversold zone brewing
🔍 What the Chart is Showing
PCG is in the late stages of a Head & Shoulders pattern, but the right shoulder is still developing. Price is now pressing into a critical confluence area where multiple factors intersect:
✅ Neckline zone from the potential H&S structure
✅ Multi-year ascending trendline support (2020 origin)
✅ Horizontal support cluster from 2022–2023 consolidation
✅ Weekly RSI hovering near oversold, hinting at possible bullish divergence
Importantly, the H&S is not yet confirmed – it would require a decisive weekly close below the neckline to trigger a textbook breakdown.
🧠 Swing Trade Scenarios
➡️ Bullish Reversal Scenario (Failed Breakdown)
🟢 Entry Zone: $13.60–$14.00
🎯 Target 1: $14.62 (initial resistance pivot) - close 30-70% of the position
🎯 Target 2: $17.80–$18.50 (major resistance) - close the another 30-70% of the position.
⛔️ Stop-Loss 1: Close below $13.20 (neckline break confirmation)
➡️ Bearish Breakdown Scenario (Pattern Confirmation)
❌ If PCG closes below $13.20 on the weekly, it confirms the H&S → opens downside toward $11.50 (the lowest trendline support)
⚠️ What Makes This Week Critical
📌 A hammer-like candle is forming – but needs a strong weekly close to indicate buyer absorption
📌 A close above $14.00 would weaken the H&S formation, hinting at a failed pattern
📌 A close below $13.20 would confirm the bearish continuation
This is a decision zone: either the right shoulder fails, triggering a deeper swing lower, or buyers defend and negate the pattern.
💬 Will PCG confirm the weekly H&S breakdown or trap bears with a failed pattern bounce?
✅ This week’s close will define the next major swing move!
LIKE & FOLLOW for more professional swing setups with clean risk/reward.
#PCG #SwingTrade #Utilities #TargetTraders #TechnicalAnalysis #HeadAndShoulders
GBPCAD SHORTMarket structure bearish on HTFs DW
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Daily EMA retest
Around Psychological Level 1.85000
H4 Candlestick rejection
Levels 5.3
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
AUDCAD SHORTMarket structure bearish on HTFs DW
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Weekly Previous Structure Point
Weekly Rejection at AOi
Daily Rejection at AOi
Daily Previous Structure Point
Around Psychological Level 0.89500
H4 EMA retest
H4 Candlestick rejection
Levels 4.17
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Is there another XRP flag forming on the hourly chart?Could be another flag forming on XRP. Waiting for the formation to prove confirmation as to whether it will be a bull or bear flag.
News of large amounts of XRP entering the exchanges from the CEO could mean a bear flag?
It's only appearing on the hourly so it could be a false flag.
Let's what and see what forms on the hourly candle.
#TAOUSDT #4h (ByBit) Ascending trendline near breakdownBittensor printed an evening doji star deviation, a retracement down to 200 MA support seems next.
⚡️⚡️ #TAO/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%
Entry Targets:
1) 430.38
Take-Profit Targets:
1) 362.01
Stop Targets:
1) 464.64
Published By: @Zblaba
GETTEX:TAO BYBIT:TAOUSDT.P #4h #Bittensor #AI #DePIN bittensor.com
Risk/Reward= 1:2.0
Expected Profit= +79.4%
Possible Loss= -39.8%
Estimated Gaintime= 1 week
Nifty Analysis EOD – July 24, 2025 – Thursday 🟢 Nifty Analysis EOD – July 24, 2025 – Thursday 🔴
📉 A Surprise Expiry Collapse – When Strength Turns into a Sucker Punch
Today’s session was an unexpected twist.
Nifty opened above the previous day’s high, giving early hope to the bulls—but within the first hour, it slipped to 25,155 and formed its IB. What followed was a sharp 136-point fall, breaking not just yesterday’s low, but also the July 22nd low. This sudden bearish momentum was completely news-driven, and expiry-day long unwinding only added fuel to the fire.
Despite a strong close yesterday, today’s fall erased all of July 23rd’s gains and brought us right back to July 22nd’s close—neutralizing the recent upward effort.
The day closed at 25,062, marginally above key support. Technically, today’s low respected the 0.618 Fib retracement level drawn from July 21st’s low to July 23rd’s high—so a dead cat bounce is possible if no further bad news hits. But if we open below 25,050 tomorrow, expect more downside pressure toward 24,960–24,890 zones.
🕯 5 Min Time Frame Chart with Intraday Levels
🕯 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 25,243.30
High: 25,246.25
Low: 25,018.70
Close: 25,062.10
Change: −157.80 (−0.63%)
Candle Structure Analysis:
🔴 Body: Large red body (181.2 pts) shows strong intraday selling.
☁️ Upper Wick: Tiny (2.95 pts) → sellers dominated from the start.
🌊 Lower Wick: Moderate (43.4 pts) → small recovery near close.
Candle Type:
Almost a bearish Marubozu — clear domination by sellers with barely any upper shadow, signaling intense sell pressure.
Key Insight:
Bulls lost control after open.
Bears took charge below 25,155.
Close near support, but bias cautious.
Bulls must reclaim 25,150+ for recovery, else 25,000 may give way.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 185.97
IB Range: 83.55 → Medium
Market Structure: Balanced
Trades Triggered:
⏰ 10:05 AM – Short Entry → SL Hit
⏰ 11:10 AM – Short Entry → Target Hit (1:3.6 Risk:Reward)
📊 Support & Resistance Levels
Resistance Zones:
25,125
25,155
25,180 ~ 25,212
25,233
Support Zones:
25,080 ~ 25,060
25,020
25,000 ~ 24,980
24,967 ~ 24,959
24,882
🔮 What’s Next?
A gap-up or stable open may trigger a dead cat bounce toward 25,150–25,180.
A gap-down below 25,050 confirms bearish continuation → next targets: 24,960 / 24,890.
Watch price action around the 25,020–25,060 zone closely.
🧠 Final Thoughts
“Markets are never wrong – opinions often are.”
— Jesse Livermore
Today was a reminder of how expiry day surprises and news flows can flip the narrative. Stay flexible, and keep a bias—but not a blind one.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
The callback is coming to an end, don't chase the short easily#XAUUSD
The long positions held last night have already left the market at a loss😔. After the Asian session opened, I continued to watch the trend of gold, but it did not effectively rebound to the ideal target area. After repeatedly testing around 3393, I chose to manually exit the market📀.
Gold is currently somewhat overcorrected, with the hourly line falling into severe oversold territory📉. But the market will eventually return to the bullish trend🐂. Why do I say that? First, there are less than 8 days left before the final deadline for tariffs. Second, the Federal Reserve’s interest rate cut is also approaching. In the medium and long term, there is definitely no problem with being bullish. There will be initial jobless claims data later, which will affect the trend of gold today. We need to pay some attention to it👀.
From the daily line, the current Bollinger Band middle track is near the 3343 line, and the SMA60 moving average is near the 3330 below. In the short term, the downward momentum of gold is released, and it is expected to test the 3343 mid-line support below💪.
📊Therefore, we can consider going long again at 3360-3343 below and look towards 3375-3385. Short-term losses don’t mean anything. With the recent frequent news fluctuations, we still have a good chance to turn losses into profits🚀.
🚀BUY 3360-3350
🚀TP 3375-3385
SHIB/USDT: A Fight for Recovery?SHIB/USDT is currently trading around $0.00001363, marking an approximately 11.5% drop over the past 24 hours. However, it's crucial to note that the price is successfully holding above the key support level of $0.00001373.
Recently, we've witnessed a significant increase in the activity of so-called "large holders" or "whales" concerning SHIB/USDT. Their netflow has reached a two-month high, signaling heightened interest. In the past 24 hours, addresses holding at least 0.1% of the total SHIB supply accumulated an impressive 4.66 trillion SHIB, representing an investment of a staggering $63.7 million. These major players clearly believe in the potential for a price recovery.
What's Next? Scenarios for SHIB/USDT
Bullish Scenario (Uptrend):
Should SHIB/USDT successfully bounce off the support level at $0.00001317, it would likely pave the way for further price appreciation. It could potentially reach $0.00001423. If this level solidifies as new support, it would mark a full recovery of today's losses and could initiate a new uptrend, provided that broader market conditions remain favorable. The investment by the whales would be crucial in this scenario.
Bearish Scenario (Downtrend):
However, if SHIB/USDT fails to hold above the support of $0.00001317 and falls below this level (likely due to profit-taking by other market participants), the popular "meme coin" could slip to $0.00001188. Such a development would invalidate the bullish thesis and further reduce investor confidence. The next few days will be critical for SHIB to demonstrate whether it can
maintain its current support levels.
#forex #SHIB #USDT #SwingTrade
Double Down on Gold — Targeting 3400–3410!Obviously, gold did not give us the opportunity to short gold near 3440 today. In the process of its recent pullback, gold tested 3400 as expected, and after falling below 3400, it continued to fall to around 3385 as if it was planned by me. Although the lowest point had reached around 3381, it quickly rebounded above 3385. What is relatively regrettable today is that both of our plans to short gold ended in failure. The first time was when gold did not give us the opportunity to short near 3440. The second time was when we were preparing to short gold at 3400 and set the TP to 3385. However, we did not have time to create an order because the price fell too quickly, causing us to miss the gold short trade again.
At present, I have a trading order to go long on gold near 3386. And I go long on gold with twice the usual trading volume. Why am I still optimistic about the rebound of gold in the short term after the gold price fell by nearly $60? Because the area around 3385 is the short-term bull-bear dividing line, although gold has fallen sharply, as long as it stays above the area around 3385, gold is still in a bullish trend as a whole, and the bullish structure has not been destroyed, so in the short term, gold still has a lot of room for rebound after the pullback. This is why I dare to use twice the usual trading volume to buy gold near 3386.
However, because the current gold long and short continuity is not strong, and the market uncertainty is still increasing due to complex news, the gold market is prone to violent fluctuations in the short term, so we have to be more careful in trading. At present, I still hold a gold long position near 3386, and I hope that gold can continue to rebound to the target area: 3400-3410.
XAU/USD 24 July 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase.
Remainder of analysis and bias remains the same as analysis dated 23 April 2025.
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS.
The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price.
As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish.
Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback.
Intraday Expectation:
Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
Correction is not bearish, buy on rebound at low levelToday is critical. Yesterday, gold fell under the pressure of 3396. The next 3396 area is very critical, and it will be relatively weak below it. If it goes up, the market rebound will expand. Pay attention to 3405 or 3420 area, with the focus on 3420. As long as it is below here, it will be mainly bearish. Breaking through 3420, the market is expected to continue to rise and break yesterday's high to test the 3450 area, and then seek to fall again. On the downside, pay proper attention to the 3380 area, which is short-term support; the focus is on the 3370~3365 area, which is the next bull-bear watershed.
The daily line fell yesterday and included the previous day's big positive rise, which represents the current high-level fluctuation of the price. At present, we need to pay attention to the lower moving average support corresponding to SMA10 at 3367, while the moving average SMA30 is around 3351-53, the middle track is at 3344, and the moving average SMA60 is at 3330.
From the daily level: today's decline will not fall below 3351-53, and it is likely to be around 3367-70. We have the opportunity to participate in long orders near 3370.
Therefore, if the price touches 3370-3365 for the first time during the day, you can consider going long, with the target at 3390-3400; if the downward trend of gold continues during the day, you can go long again at 3355-3353, defend 3345, and exit the market after earning a difference of $10-20.
OANDA:XAUUSD
Gold fell as expected, can it reverse?📰 News information:
1. Initial unemployment claims data
📈 Technical Analysis:
Gold has made a profit retracement correction as expected. The two-day rising market has led to an overly bullish sentiment in the market. Under this pattern, it is very easy to trigger an unexpected reversal trend, which is often a key opportunity to break the psychological defense line of retail investors in the market.
From the bottom of gold at 3244 to the high of 3439 this week, it can be found that the current 38.2% support position is near 3364. Moreover, the current daily SMA10 moving average position is also near 3364, SMA30 and the middle track of the Bollinger Band are near 3343, and SMA60 is near 3330.
From the daily line, if the daily line can stand above 3364, then there is still a possibility of refreshing the high of 3438 in the future. On the other hand, if the daily line falls below 3364, then 3438 may become the high point in July.
If there is a rebound in the morning, then 3384 in the white session will be the bottom support, and short positions must be participated in the European and American sessions. If the downward trend continues in the morning, there will be an opportunity to participate in long orders around 3370. At the same time, the possibility of further decline and reaching the middle line of 3343 cannot be ruled out. At the same time, if the 4H chart can form a head and shoulders top pattern, then the intraday long rebound point will not exceed 3410.
Therefore, on the whole, if it falls directly, it can be considered to go long when it first touches 3375-3365, and the target is 3390-3400; if the intraday decline is strong, the second trading opportunity is below 3355-3345, and the target is $10-20 before exiting.
🎯 Trading Points:
BUY 3375-3365
TP 3390-3400
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
XRP Bear flag confirmed. Looking for support in the decline.XRP bear flag identified on Monday 22nd has now confirmed with a nice 12% short sell.
This signals do not always confirm but when they do it is satisfying that the analysis and patience has paid off.
Trading is all about controlling emotions and being patient. Wait for the confirmation before executing.
APPL. Bulls are in ControlHello, I’m TheCafeTrader.
This post is for technical traders looking to capitalize on short swings and options.
What you’re seeing here are supply and demand zones — areas where liquidity is concentrated. These levels are identified using a system built around footprint data, order flow, and market imbalances.
🔹 Key Observation:
I’ve marked a seller that price has now broken above. This tells us that buyers have overpowered a sell-side participant, and are now likely targeting deeper liquidity in the $218–$225 range.
🔹 On Apple’s Behavior:
Apple can be slow and choppy at times. So, if you’re trading options, consider going as close to the money as possible and give yourself some time on the contracts.
🔹 New Buyer in the Market:
Between $199–$206, a new aggressive buyer has stepped in. This player appears to be pressuring the first line of sellers (labeled “beginning of supply”).
🟢 My Expectation:
I expect AAPL to pull back to around $206 before catching a bid. As long as price holds above $199, buyers remain in control. In this range, I anticipate further accumulation by bulls.
🔸 Take Profit Levels:
• First TP: Just before the major selling cluster around $218
• Final TP: Deep inside the seller zone near $223
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📊 Follow for more short-term analysis. This week, we’re covering both short- and long-term views of the MAG 7.
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AUS/USD Long/Buy setting upLooking at AUS/USD for a potential Buy setting up on the Daily and 4 hr.
EMA has lined up in the correct stacking order.
An upward trend can be observed. The 20 has crossed over the 50.
We are starting a new Cycle 1 on the upward so I will wait for the pull back to the 20MA which will form the Cycle 2 then wait for the new Cycle 1 on the upward to start again before I buy in.