Gold latest market analysisAt present, the gold 1-hour moving average crosses downwards and the short positions are arranged. Now it is under pressure at 3270 and is suppressed and falls back. 3270 is still the key turning point for gold bulls and bears. Although there is a rebound, the magnitude of the decline is not large. If the pressure at 3270 is not broken, the gold bulls will not reverse easily for the time being. After the rebound, it will continue to fall, which means that the strength of gold bears is still there, and the gold reversal will naturally not reach a new low, so that the gold bulls will usher in a new turn. Gold operation strategy reference: Short (buy short) two-tenths of the position in batches near the rebound of gold at 3260-3265, stop loss 6 points, target near 3230-3210, break to see the 3200 line.
Chart Patterns
AUDCAD SHORT FORECAST Q2 W19 D8 Y25AUDCAD SHORT FORECAST Q2 W19 D8 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅ Weekly order block
✅Intraday 15 order block
✅Tokyo ranges to be filled
✅Intraday bearish breaks of structure to be confirmed
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
USD/JPY 15M CHART PATTERNThe price action on this 15_ minute USD/JPY chart has landed firmly at a major support zone near 143.700, aligning with the bottom of a well-respected descending channel. This area has historically attracted buying interest, and current price action hints at a potential breakout scenario.
Entry Level: 143.700
First Target: 145.000 – Local resistance and key fib level
Final Target: 146.000 – Previous structural high and breakout projection
Technical Outlook:
The pair is coiled tightly at the edge of a falling wedge, a bullish reversal pattern. A clean break above the upper trendline could trigger a momentum surge. With strong support beneath, the risk-reward profile is favorable.
Strategic Note:
Watch volume and candlestick confirmation—momentum above 144.200 could validate the breakout. This is a classic "buy low in a down channel" setup aiming for a trend shift.
AUDCAD 1 hour possible Double Bottom📉 Technical Overview
1. Pattern in Formation: Potential Double Bottom
Price action suggests a potential double bottom pattern forming around the 0.88800–0.88900 support area.
A neckline is clearly identified around the 0.89300 level.
Price is currently between the second low and the neckline — an important “watch zone.”
2. Confirmation Required
The double bottom is not confirmed yet.
A valid long trade setup would require a clear breakout and close above 0.89300 (neckline resistance).
3. Target & Risk
The projected move (measured from the neckline to the bottom of the pattern) gives a target around 0.89740.
That’s approximately +42–43 pips from the breakout point, offering decent risk-to-reward potential.
✅ Trade Idea (Upon Confirmation)
Buy Entry: After a 1H candle closes above 0.89300.
Stop Loss: Below the second bottom – around 0.88900 or slightly below.
Take Profit: Around 0.89740 (measured target of the pattern).
Risk:Reward Ratio: Approx. 1:2, favorable for a breakout trade.
⚠️ Caution
If price fails to break above the neckline and reverses, it may revisit the 0.88800 zone or even break down — invalidating the setup.
Monitor Canadian and Australian economic news, especially commodity data or employment figures, for volatility spikes.
EURGBP SHORT FORECAST Q2 W19 D8 Y25EURGBP SHORT FORECAST Q2 W19 D8 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block
✅15' order block
✅Intraday bearish breaks of structure
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EUR/JPY LONG FROM SUPPORT
Hello, Friends!
EUR/JPY is making a bearish pullback on the 3H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 163.264 level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
GBPUSD SHORT FORECAST Q2 W19 D8 Y25GBPUSD SHORT FORECAST Q2 W19 D8 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPJPY SHORT FORECAST Q2 W19 D8 Y25GBPJPY SHORT FORECAST Q2 W19 D8 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.567.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.565 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD Will Fall! Short!
Take a look at our analysis for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.136.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.132 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Bitcoin showing itself to be the STRONGEST ASSET right nowThsi is a VERY Bold statement but there is a saying that we need to understand
CHARTS NEVER LIE
This chart is the 4 hour charts of
Bitcoin - Gold
DXY $ - S&P500
There are a number of things to see here.
The First and strongest sign is simply that Bitcoin has risen over the last 36 hours alongside the $ Rising.
This in itself is a huge sign. 80% of the time, these 2 assets go in opposite directions. To me, this is showing a weakness in Faith in the $,
With Lower interest rates, less return on Holding. However, the USa will not want to see the $ drop much further and so I imagine it is being bought up to safeguard its price.
Next week, on the 13th, we have inflation figures published.
We need to watch that Closely.
The $ is currently Lower than it has been for a long time and while this can be seen as a Negative, it has also made American goods cheaper to buy to Foreign Markets, while it has increased the value of other Currencies.
Making the $ cheaper is potentially a Good idea.
At the same time, we see the Global traditional "Safe Haven" Selling off.
The Daily CFD on Gold chart above it has formed a double Top, that usualy creates a draw down.
It is also overbought on a daily after its recent pushes higher.
But more than anything, with interest rates remainiiiiiiiiiiiiiiiiiing static, this has released pressure of investers and so Risk appetite is returning.
Again, we need to watch what happens around the 13th when USA inflation figures are released.
And then the S&P500
Overall, it has been dropping since Feb
This Daily chart shows us It made a recovery but this may not be to go to ATH again but more part of the ABC correction.
There is a possibility it could be forming an inverse Head and Shoulders...so, again, we watch
So, over all, what we see is BITCOIN taking on all the markets and making the biggest gains
It has certainly been the least volatile with Dips and Troughs shallower than the $ and S&P500 which is Stunning if you have ridden Bitcoin for the last 10 years....
Bitcoin has Matured in to a REAL Asset Class..
For me, it is NOT Crypto anymore.
.IT IS BITCOIN
Gold falls, can the bears continue?
Recently, the gold market has been affected by multiple factors and the volatility has intensified:
Trade policy uncertainty: Trump plans to impose a 100% tariff on overseas films, exacerbating concerns about a trade war, and risk aversion has once pushed up gold prices.
Fed policy expectations: Although the Fed kept interest rates unchanged in the early morning, the market is more concerned about its future policy path, and the impact of interest rate decisions is limited.
Progress of Sino-US trade negotiations: Optimistic sentiment has partially weakened risk aversion demand, causing gold prices to fall from highs.
Spot gold previously hit its highest level since April 22 at 3438, but due to profit-taking and changes in market sentiment, prices retreated from highs and entered a period of shock consolidation in the short term.
Technical analysis
1. Short-term structure (4H chart)
Key range: Yesterday, gold fluctuated around the 3360-3400 range. Although there was an interest rate decision in the early morning, no breakthrough was formed.
Risk of false breakthrough in the early trading: After opening today, it quickly rose to 3414 and then fell back quickly, forming a pattern of inducing more, indicating that the market is still bearish in the short term.
Current trend: The 4H chart structure weakened, and the price fell below the short-term support. If 3320 is lost, it will further drop to the 3300-3260 area.
2. Key support/resistance
Short-term resistance: 3344-3348 (high point of Asian session rebound), 3356-3360 (upper edge of yesterday's shock)
Short-term support: 3330 (intraday low), 3320 (key support level), break down to 3300
Strong support: 3260 (weekly level support)
Trading strategy suggestions
1. Short-term short selling (main strategy)
Entry position: around 3348 (if the rebound is weak)
Stop loss: 3358 (to prevent false breakthroughs)
Target: 3300 (first target), break to 3260
2. Break to short (if data pushes)
Condition: If the initial jobless data in the evening is negative, and the price falls below 3320
Follow-up strategy: short selling, target 3300-3260
3. Low-long strategy (wait and see)
If the price quickly drops to the 3260-3280 area and stabilizes, you can consider short-term rebound long orders, but it needs to be combined with market sentiment and data performance.
Focus on events
Tonight's initial jobless claims data: If the data is weaker than expected, it may strengthen the expectation of interest rate cuts and limit the decline of gold prices; on the contrary, if the data is strong, it will accelerate the decline.
Progress of Sino-US trade negotiations: Any sudden news may cause violent market fluctuations.
Summary
Gold is short-term technically bearish. It is recommended to sell short on rebounds in terms of operations, focusing on the resistance area of 3348-3360. If it is under pressure, look down to 3300-3260. Be cautious with data and strictly stop losses to control risks.
Gold Trade Plan 08-05-2025Dear Traders,
price broken Trend line and i expect price will be drop at least +100 Pips to Target 1.31700 (Area) ,
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza
Yen Firms with BoJ CautionThe Japanese yen strengthened to around 143.6 per dollar on Thursday, recovering as rising global trade uncertainty stimulated demand for gold. The move followed President Trump’s announcement of a deal with a “big” country, reportedly the UK, and his refusal to cut tariffs on China ahead of U.S.-China talks in Switzerland. U.S.-Japan negotiations continue, with Tokyo aiming to finalize a bilateral deal by June. Meanwhile, BoJ minutes showed policymakers remain open to rate hikes if inflation targets are met, though they flagged external risks from U.S. trade policy.
Resistance stands at 145.90, with further levels at 146.75 and 149.80. Support is found at 139.70, then 137.00 and 135.00.
Range-Bound EUR/USD: Sell Setup Pending Dollar StrengthI'm currently watching the EUR/USD currency pair, and it appears to be under pressure while trading within a range 📉. If you check out the chart in the video 📊, you’ll see what I mean. I’m on the lookout for a potential sell opportunity, but only if the upcoming data release signals strength for the US dollar 💵. In that case, I’d be watching for a break and retest of the current range low—(BoS). My targets would be set two levels below, aiming to close the position by the end of the New York session 🗽. Please note, this is not financial advice! 🚫
EURAUD DETAILED ANALYSIS BULLISH OR BEARISHEURAUD is currently trading around 1.75600, forming a classic falling wedge pattern on the 12-hour timeframe. This structure typically signals a bullish reversal, and with price compressing near the wedge’s apex, the likelihood of a breakout to the upside increases significantly. Momentum is slowing on the downside, while buyers are beginning to show signs of re-entering the market, suggesting the pair is gearing up for a potential bullish surge toward the 1.85600 level.
Fundamentally, the euro is holding firm amid persistent inflation data from the eurozone, increasing speculation that the ECB might remain hawkish longer than expected. On the other hand, the Australian dollar is facing pressure due to softer commodity demand and cautious rhetoric from the RBA. This divergence in central bank outlooks favors euro strength in the near term. Today's minor beat on euro PMI data and lackluster performance in Aussie retail sales reinforces the strength of this directional bias.
Technically, this falling wedge is forming after a strong bullish impulsive leg, which adds further credibility to the reversal setup. Buyers have successfully defended the 1.7500 psychological zone, and a breakout above the wedge resistance could trigger a sharp rally. A move above 1.7600 would likely act as confirmation for bulls, opening the door for a measured move toward the 1.85600 target area.
As long as price holds above the 1.7400 region, this remains a high-probability bullish setup with a strong risk-reward profile. Traders will be closely watching for volume increase and price rejection candles at resistance to confirm the breakout. This is a prime example of a technical and fundamental confluence setup that professional traders look for when positioning for medium-term swing trades.
Unlocking the Power of TradingViewWhether you're a forex newbie or a seasoned trader, having the right tools can make or break your trading success. One platform that consistently stands out is @TradingView charting powerhouse packed with features designed to give you an edge. I @currencynerd I'm all about helping traders stay smart and stay sharp, so here’s a look at @TradingView features that can enhance your trading game.
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Pro Tip: Use the “Replay” feature to practice backtesting and understand market behavior in real-time.
2. Built-in Technical Indicators
TradingView offers hundreds of built-in indicators (RSI, MACD, Bollinger Bands) and community-created ones. You can also stack multiple indicators on the same pane for cleaner setups.
my is Favorite: “Pako Phutietsile's <50%”, which is an automatic indicator that detects and marks basing candles on the chart. A basing candle is a candle with body length less than 50% of its high-low range. This is essential for supply and demand traders.
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If you're serious about systematizing your edge, Pine Script lets you build and backtest custom indicators and strategies. Even with basic coding knowledge, you can automate entry/exit rules, alerts, and more.
Nerdy Bonus: Many user-generated indicators are open source. Tweak them to fit your style.
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Set price, indicator, or drawing-based alerts that trigger via popup, email, or even webhook. This means you don’t need to watch the chart all day—TradingView becomes your eyes on the market.
Example: Get an alert when RSI crosses below 30 on GBP/USD or when price hits a key Fibonacci level.
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Stay ahead of market-moving events with TradingView's built-in Economic Calendar and News Feed. You can filter by currency or event impact to focus only on what matters to your trades.
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TradingView’s social side is underrated. Thousands of traders share ideas, scripts, and trade setups. It’s a great way to test your biases or discover new strategies.
Tip: Follow high-reputation contributors in the trading/investing space and learn from their setups.
7. Multi-device Access & Cloud Sync
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Final Thoughts:
@TradingView isn’t just a charting tool—it’s a full-fledged trading assistant. Whether you're looking to simplify your workflow, test strategies, or get real-time alerts, the platform can enhance every part of your trading process.
If you haven’t explored these features yet, give them a try. And if you're already using TradingView like a pro, let us know your favorite features in the comments!
Stay sharp, stay nerdy. — @currencynerd
Euro Holds Ground as German Output SurgesGermany’s March Industrial Production surprised to the upside, jumping 3.0% MoM vs. 0.8% expected, signalling a rebound in Europe’s economic engine. However, EUR/USD remains subdued near 1.1300 as markets shift focus to Fed policy signals and upcoming trade talks. On the chart, key support at 1.1280 is holding, a bounce from here could open room toward 1.1370/1.1500 if sentiment shifts. Keep an eye on macro cues and potential breakout momentum.
Resistance : 1.1374, 1.1558
Support : 1.1281, 1.1190
Falling towards pullback support?The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 0.5902
1st Support: 0.5852
1st Resistance: 0.6020
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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