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Gold Holds Near $3,340 on Trade HopesGold remained steady at nearly $3,340 per ounce on Tuesday, with demand easing slightly due to renewed trade optimism after Trump pushed back EU tariffs to July 9. The EU pledged to speed up negotiations, lifting risk sentiment. However, worries over U.S. fiscal health, global trade dynamics, and geopolitical tensions kept markets cautious. Investors now await the FOMC minutes and PCE inflation data for policy cues. Support is seen at $3,270, while resistance is located at $3,370. Further levels include $3,150 and $3,025 below, and $3,440 and $3,500 above.
EIGHTCAP:XAUUSD
by ChartMage
Pound Tops $1.357 on Solid DataGBP/USD advanced above $1.357, hitting its highest level since February 2022, as Trump’s delay of the 50% EU tariff boosted global sentiment. The pound also gained from promising April data, with retail sales rising 1.2%, marking the fourth monthly gain. Inflation stayed high at 3.5%, adding uncertainty over the BoE’s next move. Markets now price in a 50% chance of a rate cut by August, with another possible by year-end. Support lies at 1.3425, with resistance at 1.3600. Other key levels are 1.3850 and 1.3750 above, and 1.3165 and 1.2890 below.
by ChartMage
Yen Reaches Highest Level in a MonthThe Japanese yen strengthened toward 142 per dollar on Tuesday, its highest in four weeks, driven by safe-haven inflows and weak dollar sentiment tied to Trump’s fiscal plan. Worries over a widening U.S. deficit weighed on the greenback, while speculation of a 25% iPhone tariff added to trade conflicts. Domestically, expectations for more BoJ tightening rose after core inflation surprised at 3.5%, a two-year high. Resistance stands at 148.60, with further levels at 149.80 and 151.20. Support is found at 139.70, then 137.00 and 135.00.
by ChartMage
Gold Approaches Resistance – Will It Drop to 3,290?OANDA:XAUUSD is currently approaching a previous key resistance level, an important area that has previously acted as a reversal zone where bullish moves were strongly rejected. This is also where sellers have intervened aggressively in the past, so it is worth watching, especially for anyone considering short trades. Additionally, this price zone also coincides with the upper boundary of the ascending channel, increasing the likelihood of selling pressure if bullish momentum starts to fade. Such overbought conditions often lead to significant pullbacks, supporting necessary corrections. If we start to see signs that price is being rejected here such as long wicks, bearish candles, or buyers starting to lose momentum. I think we could see a move down toward the 3,290 level. But if price clearly breaks through this area, that could invalidate the bearish idea and suggest the uptrend may even continue. This area is quite important and may help us better understand the next direction of price. As usual, this is a personal view of the market and not financial advice.
OANDA:XAUUSDShort
by LucasMgoldview
3
Gold Rising in the Short Term: Is a Breakout the Goal?Hello to all dear traders! In general, Gold has gone through a very strong rally for some time, but I don't think this will continue to happen consistently in the future. As we can see, gold prices continue to benefit from various factors in the international market from the USD halting its upward momentum for four consecutive weeks and pulling back, to geopolitical tensions in many regions that have yet to ease. Most recently, the move by the U.S. President regarding the potential imposition of high tariffs on imported goods from the EU. The market structure is beginning to show signs of exhaustion, as such overbought conditions often lead to significant pullbacks, supporting necessary corrections. Although the long-term trend remains optimistic, I believe early next week may witness a short-term pullback. We can see that gold is currently facing rejection just above the upper boundary of the ascending channel on the 4-hour chart, a zone that also aligns with a low-volume area. At this level, around 3,350, I don’t recommend chasing the highs. Unless this zone is clearly broken with confirmation, entering long positions here would be more of an emotional decision than a strategic one. In my view, this remains a market where buying on dips makes more sense. Consider accumulating on pullbacks and holding until we revisit the 3,500 level once again. In the long run though the bias remains bullish with potential to challenge the 3,435 and as well as 3,500 in the big picture. But if you're watching for buys: Observe price behavior on Monday Only enter positions when the bullish structure is maintained Avoid FOMO; buy only when there’s a clear breakout signal with a confirmed candlestick pattern For sells: Prioritize when there is a clear bearish rejection candlestick on H4 or Daily Do not enter if there is no solid confirmation signal
OANDA:XAUUSDShort
by LucasMgoldview
4
GOLD increased in the short term: Break down expectedThe Gold market has been very strong for some time, but I don’t think this will continue to be the case going forward. As we’ve seen, the price has rallied a bit on Friday with Trump’s EU tariff threats. Market structure starts to hint exhaustion, as such overbought conditions often lead to generous pullbacks, supporting needed corrections. That being said I do think that on Monday we might see a short term pullback. We can see that gold is currently being rejected just above the higher zone of the 4h ascending channel. The zone aligns with a low-volume node as well. Therefore, at this zone around the 3,350, I wouldn't recommend to chase high. Before this zone is clearly broken considering long entries here would be buying blindly. Right now I think you have to look at this as a market that may just simply be a buy on the dip and hold till we get to the $3,500 level again type of situation. The other scenario is that the market will consolidate for a while. If we were to break down below the $3,290 level, then $3,200 is next support. In the long run though the bias remains bullish with potential to challenge the 3,435 and as well as 3,500 in the big picture. But if you're watching for buys: wait to see how price behaves on Monday watch for sustained bullish structure before getting involved don’t chase, wait for a clean break + candle confirmation pattern For sells: Watch for bearish rejection in the next couple of candles (4H or Daily) Don’t enter unless it’s confirmed!
OANDA:XAUUSDShort
by TrendDiva
78
TradeCityPro | Bitcoin Daily Analysis #102👋 Welcome to TradeCity Pro! Let’s dive into Bitcoin and key crypto indices. As usual, in this analysis I’ll walk you through the triggers for the New York futures session. ⏳ 1-Hour Timeframe As you can see in the 1-hour timeframe, yesterday we saw a bullish move that pushed the price up to and beyond the 109229 level. 🔍 In the previous analysis, I mentioned that if the price finds support before reaching 106192 and breaks above 109229, we could draw a support zone between the recent low and 106192. That’s exactly what happened — I’ve now marked the support range between 106192 and 107010. 💥 This is a critical support area, and if price revisits it later, it could act as a strong support. For now, the price is moving upward, and after breaking 109229, the next resistance is at 111747. ✔️ If you didn’t open a long position on yesterday’s trigger, you’ll need to wait for the break of 111747. If you already have an open position, you can hold it for now, as Bitcoin’s long-term trend is bullish and the move may continue. 📊 If buying volume increases and RSI breaks above 70 and enters the Overbought zone, bullish momentum will strengthen significantly, and the chances of breaking 111747 will increase. 📉 As for short positions or trend reversal — it's better not to consider them yet, as long as the price remains above the support zone. The uptrend is strong and offers better setups. 👑 BTC.D Analysis Bitcoin dominance is still oscillating below the 64.32 level and hasn’t broken it yet. A local low has formed around 64.18. 🔔 A break above 64.32 would confirm the start of the next bullish leg in dominance. Conversely, breaking 64.18 could lead to a deeper correction toward 63.97 or even 63.50. 📅 Total2 Analysis Yesterday, the descending trendline I highlighted was broken, and price moved up to 1.22. ✨ Breaking 1.22 would confirm the start of a larger bullish leg toward 1.26. If Total2 declines instead, we could enter on a break below 1.118. 📅 USDT.D Analysis Yesterday, Tether dominance was rejected from the 4.62 resistance and also broke through 4.51. 🎲 If price moves toward 4.38 again, the probability of breaking this level will rise significantly — especially since a lower high has formed at 4.72, indicating that bearish momentum could be entering the market. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
3
TradeCityPro | Bitcoin Daily Analysis #101👋 Welcome to TradeCity Pro! Let’s dive into the analysis of Bitcoin and key crypto indices. As usual, I’ll go over the futures session triggers for the New York market. ⏳ 1-Hour Timeframe As you can see on the 1-hour chart, after Bitcoin reached the top at 111,747, the market entered a corrective phase and BTC has pulled back to around 106,192. 🔍 For now, I’m not adjusting the 106,192 level because it remains a very strong support zone. If the price reaches this level and shows a solid reaction, we can look for entry triggers on lower timeframes. 💥 Currently, the trigger for a long position is at 109,229. This level previously caused the price to make a lower low, so breaking it could inject strong bullish momentum into the market. 📈 The main long trigger is at 111,747. However, this level is a strong supply zone and won’t be easy to break, so trading this level will be challenging. 📊 On the bearish side, we’re watching the RSI oscillator for a potential entry into the oversold zone. If RSI enters oversold territory, strong bearish momentum may follow and increase the chance of breaking below 106,192. 👑 BTC.D Analysis After a retracement to the 63.50 level, BTC dominance has initiated a new bullish leg, reaching up to 64.32. ⭐ If 64.32 is broken, it confirms further upside toward 64.63. Conversely, if 63.97 breaks, we get confirmation of bearish momentum returning. 📅 Total2 Analysis Total2 is currently forming a descending triangle after being rejected from 1.26T. Price is hovering around the 1.18T support. ⚡️ If 1.18T breaks, we could see a drop toward 1.15T. For a bullish breakout, we need to see a break of the trendline and activation of the 1.22T trigger. 📅 USDT.D Analysis USDT.D is currently trading below 4.62. A break below this level would confirm further downside. 🎲 A break of 4.51 would further confirm a bearish trend in USDT dominance, signaling strength across crypto markets. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
7
TradeCityPro | Bitcoin Daily Analysis #100👋 Welcome to the 100th Bitcoin Analysis! I'm really happy we've shared this 100-day journey together, and I hope you've been able to benefit from these analyses along the way. 💥 Every single analysis I've posted so far has been the basis for real trades that I've taken myself. I'm glad to say the overall result of those trades has been profitable, and I hope your results have been positive too. ⚡️ Today, I want to do a full multi-timeframe breakdown of Bitcoin and other major crypto indices. Let’s dive in and see where the market stands. 💰 Bitcoin Analysis 📅 Weekly Timeframe As you can see, in the weekly chart, Bitcoin reacted to an ascending curved trendline during its recent correction phase and retraced up to around 72,147. 💫 On the RSI, we also have a key support level at 44.75, which has held again. The combination of this support with the curved trendline has created a potential PRZ (Potential Reversal Zone), and price has since resumed its upward move. ✔️ Last week’s candle managed to close above the resistance at 104,919 for the first time ever. Many in the market expected that a weekly close above this level would trigger a sharp rally toward 130,000 or even 160,000. 📊 However, that hasn’t happened—this week’s candle is still small and lacks strong bullish momentum. ✨ We can now view the range between 104,919 and 108,454 as a resistance zone. Although the price has entered this zone, we haven’t yet confirmed a breakout. That confirmation would come with a weekly close above 108,454. 📈 Despite the strong momentum before breaking ATH, price seems to be losing steam now. That’s not necessarily bad—it’s actually expected, since this area is one of the most important supply zones for Bitcoin and won’t break easily. 🔽 If price gets rejected and this move turns out to be a fakeout, there’s a real possibility of a trend reversal. We’ve got a potential double top forming, which is usually the first signal of a reversal. If price then breaks the 72,147 support, it would confirm the end of the current uptrend. A lower high and lower low afterward would confirm a new downtrend. ⭐ At this point, I can’t give you a new spot-buy trigger in this timeframe. The trigger was around the curved trendline. Since price has moved away, we need to wait for a new setup to form. Let’s check lower timeframes for more detailed price action. 📅 Daily Timeframe In the daily chart, after getting support at 76,087, price started moving up and with the breakouts of 87,700 and 91,953, the bullish phase began. 🔍 Currently, price is holding above 106,250 with increasing volume since the 91,953 breakout. Everything looks ready for Bitcoin to begin its main move and enter an extension leg up. 🚀 If this happens, price could target 129,000 and even 150,000. RSI will be key for confirmation—if it re-enters Overbought territory and holds above 77.81, higher targets become more likely. 🛒 The previous spot-buy triggers I gave were at 87,700 and 91,900. If you entered with those, I recommend holding for now and waiting for signs of a trend change before taking profits. 🔔 If you didn’t buy earlier, I can’t provide a new entry just yet—we need to wait for a new structure and trigger to form. 🔽 For now, I still see the trend as bullish. A bearish scenario would require a fakeout below 106,250—if price drops and forms a lower high and lower low, the uptrend would be over and a downtrend would begin. ⏳ 4-Hour Timeframe After breaking 106,250, price rallied to 111,826 and is now pulling back to 106,250. ✔️ RSI is holding above its local support at 44.48, and as long as it stays above that level, market momentum remains bullish. 📈 You can consider entering a long on a pullback to 106,250. A breakout above 111,826 would be the main trigger for a new long. 🔑 Right now, there’s no valid reason to short, so it’s best to wait for a clear bearish structure before considering that. 👑 Bitcoin Dominance (BTC.D) 📅 Weekly Timeframe After several green weekly candles, BTC.D printed a large red candle, pulling back toward the midline of its ascending channel and rejecting from 64.77. However, it’s now moving back up again. 💥 With this strong momentum, there’s a good chance BTC.D could break out of the channel. If 64.77 breaks, we could see a push toward 71.04. ⚡️ To confirm a bearish reversal in BTC.D, we’d need to see a breakdown below the lower trendline of the channel. That would likely signal the start of an altseason. 📅 Daily Timeframe BTC.D has been in an uptrend and even broke above its channel briefly. But after hitting 65.31, it started a correction and dropped to the midline at 62.22. 🎲 It quickly bounced from 62.22 and is now moving upward again. Given the bullish structure, it could retest the 65.31 high. 📈 If it forms a lower high and breaks below 62.22, that would confirm a trend reversal. A breakout above 65.31 would confirm continuation of the uptrend. ⏳ 4-Hour Timeframe BTC.D rallied to 64.31 and is now trying to retest that level. If it breaks above 64.31, the next target is 65.41. 🧲 If it forms a lower high and breaks 63.51, we’d get a confirmation that the bullish leg has ended, increasing the chances of a move to 62.17. ✔️ Total2 (Altcoin Market Cap Excluding BTC) 📅 Weekly Timeframe After breaking the curved trendline, Total2 fell to around 816B before bouncing alongside Bitcoin. ⚡️ Currently, it’s ranging between 1.15T and 1.26T for the past three weeks. 🧩 If price breaks this range, it could rally toward 1.61T, which is the most important supply zone for Total2. A breakout here would likely trigger a strong altcoin rally. 🛒 If that breakout coincides with a drop in BTC.D, it would be an excellent spot-buy opportunity for altcoins. 📊 If the current rally fails to reach 1.61T and forms a lower high, another drop toward 816B is likely. This time, the chance of breaking that support would be high—confirming a trend reversal. 📅 Daily Timeframe Price is stuck in a range between 1.15T and 1.26T. 🔼 A breakout from either side would likely lead to a strong move. A break below 1.15T could extend the decline toward 861B, while a break above 1.26T would target 1.62T. ⏳ 4-Hour Timeframe Same structure as the daily chart. Long trigger = 1.26T breakout. Short trigger = 1.15T breakdown. 🔑 If price forms a higher low and starts moving back up, the likelihood of breaking 1.26T increases. The next target would be 1.33T. ✔️ USDT Dominance (USDT.D) 📅 Weekly Timeframe USDT.D is ranging between 3.78 and 6.22. 📉 It recently formed a lower high below 6.22 and broke below 5.06, now heading toward 3.78. 🤔 If USDT.D drops to 3.78, we could see a major market rally—Bitcoin might move toward 130,000 or 160,000. 🚀 If 3.78 breaks, the next support is at 2.53, which would mark the start of a major bull run. 📅 Daily Timeframe USDT.D has hit support at 4.40 and is now approaching a descending trendline that’s been holding since the 6.22 top. 📈 If that trendline breaks, the trigger is at 4.70. A breakout here could lead to a move to 5.02. 🔽 If price gets rejected again, the short trigger is at 4.40, and the next support is at 3.81. ⏳ 4-Hour Timeframe Support at 4.38 has held, and price is now above 4.50 and approaching the trendline. 🎲 If 4.50 fails and price drops to 4.40, a break below 4.40 confirms a bearish continuation. 📊 If the trendline breaks, use 4.74 as your confirmation trigger. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
26
TradeCityPro | Bitcoin Daily Analysis #99👋 Welcome to TradeCity Pro! Let’s go over the Bitcoin and major crypto index analysis. As usual, I’ll cover the key futures session triggers for New York. ⏳ 1-Hour Timeframe As you can see on the 1-hour chart, Bitcoin is still trading below the 111817 level and has formed a support at 110455 after multiple rejections from that resistance. ✔️ If this 110455 level breaks, we could see a deeper pullback toward 109195, and potentially even down to 106422. ✨ The RSI oscillator is currently sitting at the 50 support level again. If RSI breaks below 50, it would indicate a weakening bullish momentum and increase the likelihood of a bearish scenario. 💥 However, if RSI holds above 50, it would confirm that buyers are still in control, and the probability of the uptrend continuing increases. ⚡️ The 111817 level remains a very clean and strong trigger for a long position. If price breaks this level, the market could make another leg up. 📊 Make sure to watch the volume closely. If buy volume starts to increase, a breakout above 111817 could offer a strong entry for those not already in a position. 👑 BTC.D Analysis Bitcoin dominance broke below 63.76 yesterday, which helped altcoins rally, but it has since recovered and moved back above that level. 📈 For now, dominance is ranging between 63.76 and 64.30. A breakout from either side would confirm the direction of the next move. 📅 Total2 Analysis Total2 was rejected from the 1.26 resistance and has now fallen below 1.23. If this downward move continues, the next support levels are at 1.18 and 1.15. 🔑 If price finds support here and moves back up to retest 1.26, a breakout from that level would be a fresh long trigger. 📅 USDT.D Analysis Tether dominance found support at 4.38 and is now moving upward. 🧩 As long as it remains below 4.51, the overall market momentum is still considered bullish. But if it manages to stabilize above 4.51, the likelihood of a broader market correction increases. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
7
Silver Steadies as Demand ReturnsSilver (XAG/USD) traded near $33.10 on Friday, rebounding from losses as safe-haven interest returned amid U.S. fiscal concerns. Trump’s proposed tax bill, passed in the House, is expected to increase the deficit by $3.8 billion, adding pressure to the dollar and supporting precious metals. While broader economic and trade uncertainty weighed on industrial metal demand, silver remained supported by strong industrial use. China’s wind and solar capacity surged to nearly 1,500 GW in Q1 2025, with photovoltaic power up by 60 GW. In Europe, solar output rose 30% year-over-year. Moody’s downgrade of the U.S. credit rating, citing a potential rise in federal debt to 134% of GDP by 2035, further increased silver’s appeal. Key resistance is at $33.80, with further levels at $34.20 and $34.90. Support is found at $32.30, followed by $31.40 and $30.20.
FOREXCOM:XAGUSD
by ChartMage
Gold Near $3,300 on Deficit ConcernsGold hovered around $3,300 per ounce, aiming for a weekly gain as demand held firm. Worries over U.S. fiscal health remained front and center following the House’s approval of Trump’s budget plan, which the CBO projects will add nearly $4 trillion to the national debt. Moody’s downgrade of the U.S. credit rating due to debt and servicing costs added to concerns. Geopolitical tensions, including the threat of Israeli strikes on Iranian nuclear sites and no direct Russia-Ukraine peace talks, also supported gold earlier in the week. Resistance is at $3,370, with further levels at $3,440 and $3,500. Key support begins at $3,250, followed by $3,150 and $3,025.
EIGHTCAP:XAUUSD
by ChartMage
GBP/USD Firms as UK Data Performs WellGBP/USD edged up by 0.25% in Friday’s Asian session, nearing 1.3450, after upbeat UK retail sales and consumer confidence data lifted sentiment. The GfK index rose to -20 in May, beating forecasts, while April retail sales surprised to the upside. However, PMI data showed divergence as manufacturing fell to 45.1 (vs. 46.0 expected), while services ticked up to 50.2 from 49.0. The pound also benefited from a weaker U.S. dollar as Treasury yields retreated from 19-month highs. Trump’s budget bill, which includes tax breaks on tips and U.S.-made car loans, passed narrowly and is projected to add $3.8 billion to the deficit. Resistance is at 1.3470, followed by 1.3550 and 1.3700. Key support lies at 1.3250, then 1.3150 and 1.3000.
by ChartMage
Silver Rises to $32.60 on Safe-Haven DemandSilver (XAG/USD) climbed to around $32.60 per ounce on Thursday during Asian trading, recording its third consecutive gain as safe-haven demand increased amid rising U.S. fiscal concerns and global tensions. Moody’s recent downgrade of the U.S. credit rating to Aa1, citing growing debt and deficits, added pressure on the Dollar. Ongoing unrest in the Middle East and Israel’s military actions in Gaza also supported precious metal prices. Meanwhile, Ukraine is preparing to urge the EU next week to seize Russian assets and target oil buyers, as U.S. sanctions appear to be losing momentum. The first critical support for Silver is seen at 33.80, and the first resistance is located at 32.30.
FOREXCOM:XAGUSD
by ChartMage
Sterling Extends Rally Amid U.S. Fiscal ConcernsGBP/USD extended its gains for a fourth consecutive session, trading near 1.3430 during Thursday’s Asian session. The pair’s upward movement is largely supported by continued weakness in the U.S. Dollar, following Moody’s downgrade of the U.S. credit rating from Aaa to Aa1, in line with earlier downgrades by Fitch in 2023 and S&P in 2011. Moody’s cited projections that U.S. federal debt could surge to 134% of GDP by 2035, up from 98% in 2023, with the budget deficit potentially widening to nearly 9% of GDP. Key concerns include rising interest payments, growing social expenditures, and weakening tax revenues. The first critical support for GBP/USD is seen at 1.3450 and the first resistance is located at 1.3250.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #98👋 Welcome to TradeCity Pro! Let’s dive into the Bitcoin and major crypto indices analysis. As usual, I’ll walk you through the New York futures session triggers. ⏳ 1-Hour Timeframe As you can see, the price has finally broken above the 106422 resistance, and after some pullbacks to that level, it continued its bullish move up to 111817. It is now consolidating just below this level. 💥 The RSI oscillator is clearly reflecting price movements. Each time it reaches the Overbought zone, it gets rejected, leading to a price correction. These RSI corrections typically reach the 50 level, which has been acting as a bottom signal. 📈 For today’s long position, if RSI can stabilize above Overbought and a higher low forms above the 50 line, you can enter on a breakout of 111817. This would be a momentum-based trigger. ✨ The reason I’m emphasizing RSI today is that all the primary price-based triggers we’ve talked about—like 106422, 104800, and even levels down near 85000—have already been activated. So, if you’re not already in a position, you’ll need to rely on momentum indicators. 🧩 Another momentum trigger is a pullback to the SMA25 followed by a confirmation candle. However, I still believe breaking above 111817 is the stronger signal. 📊 As for short positions, I think by now it’s clear why I’m not recommending any. My strategy focuses on trading with the trend, and that keeps me from opening unnecessary trades. Like in recent weeks, we’ll wait for a trend reversal before considering shorts. 👑 BTC.D Analysis Bitcoin dominance has been rising alongside price, hitting the 64.30 resistance. If Bitcoin consolidates or corrects slightly, BTC.D could break below 63.76, signaling a potential altcoin rally. ✔️ The 63.76 level is a key trigger—breaking it confirms continuation of BTC.D’s downtrend. On the flip side, a break above 64.30 would resume BTC.D’s long-term uptrend. 📅 Total2 Analysis Total2 has resumed its upward move, and after breaking 1.23, it’s heading toward 1.26. 🔼 If BTC.D starts dropping, breaking 1.26 will be a strong long trigger for altcoins. 📅 USDT.D Analysis Tether dominance has dropped sharply in sync with market gains. After losing the critical 4.51 support, it’s now heading toward 4.37. ⚡️ There’s still some space left before reaching that level. But if 4.37 breaks, it would be another strong long trigger for altcoins. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
7
Euro Extends Rally Ahead of PMI DataEUR/USD trades near 1.1340 during Asian hours, close to two-week highs, extending gains for a fourth session ahead of Eurozone PMI data expected to show improved growth for May. The U.S. dollar remains under pressure as markets await Thursday’s S&P Global PMI. Moody’s downgraded the U.S. credit rating to Aa1, matching earlier cuts by Fitch and S&P, citing rising debt, projected to reach 134% of GDP by 2035, and a nearly 9% deficit. Trump’s tax-cut plan cleared the House Rules Committee, but the DXY still trades lower near 99.50. The key resistance is located at 1.1390, and the first support stands at 1.1260.
by ChartMage
JPY Hits 2-Week High as Dollar WeakensThe Japanese yen strengthened to around 143 per dollar on Thursday, its highest in over two weeks, as concerns over the U.S. fiscal outlook pressured the dollar. Fears that Trump’s proposed tax cuts could add over $3 trillion to U.S. debt weighed on investor confidence. Japan’s Finance Minister Kato said he did not discuss currency levels with Treasury Secretary Bessent at the G7 summit. Domestically, core machinery orders surged 13% in March, beating expectations of a 1.6% drop, while May PMI data showed continued weakness in both manufacturing and services.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #97👋 Welcome to TradeCity Pro! Let’s go over the Bitcoin analysis and key crypto indices. As usual, I’ll be reviewing the triggers for the New York futures session. ⏳ 1-Hour Timeframe As you can see, a Double Bottom pattern activated yesterday, and the price has returned to the 106422 zone. ✔️ We previously had a support at 102882, but since the price wasn’t respecting it consistently, I’ve removed it. If price shows solid support there again, I’ll reintroduce the level. 🔍 Currently, the first trigger for a long position is 106422. This is a highly critical level and represents the main resistance for Bitcoin. If it breaks, there’s a strong chance for a sharp upward move. ✨ The first support in the way is 104800, which isn’t very strong. If a correction occurs, this level is likely to break. The main support remains at 101628. 📈 A break below 101628 would confirm a bearish reversal, and we could even consider opening a short position. The next support below that would be at 99225. 📊 Market volume has significantly increased over the past few days. This spike in volume suggests that a sharp move is likely. Using our trigger levels, we’ll be able to determine whether it’s an upward or downward breakout. 👑 BTC.D Analysis Bitcoin dominance is still below the 64.04 zone and appears to be consolidating. 💥 The 64.04 level is highly sensitive. A breakout would signal a bullish shift in dominance, while a rejection would suggest the downtrend will resume. ⚡️ We’ll get confirmation of further downside if 63.71 breaks. Below that, the next support levels are at 63.30 and 62.65. 📅 Total2 Analysis Yesterday, Total2 reacted to the 1.16 support and moved upward to 1.20. 💫 A break above 1.20 today would confirm bullish continuation. A drop below 1.16, however, would confirm the continuation of a broader correction. 📅 USDT.D Analysis Yesterday, the 4.70 level was faked out, and the chart fell back into the range box. 🎲 I believe the chances of breaking below the range bottom have increased. Key bearish triggers are at 4.57 and 4.51. On the flip side, another break above 4.70 would confirm renewed bullish momentum for USDT dominance. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
16
Silver Holds Near $32.60 on CeasefireSilver hovered around $32.20 per ounce during Tuesday’s Asian session, easing for a third consecutive day as safe-haven demand faded. The hopes for a Russia-Ukraine ceasefire, announced by U.S. President Trump after a call with President Putin, tempered market uncertainty and weighed on silver’s appeal. However, losses were limited following Moody’s downgrade of the U.S. credit rating and a series of weak economic data, including CPI, PPI, and retail sales. These reinforced expectations for two Fed rate cuts this year, likely starting in September, according to the CME FedWatch Tool projections. Strong industrial demand, especially from the solar sector, continues to support silver’s longer-term outlook. Markets now look for upcoming Fed speeches for further direction. XAG/USD faces resistance at $32.50, with higher levels at $33.80 and $34.20. Support is seen at $31.40, followed by $30.20 and $29.80.
FOREXCOM:XAGUSD
by ChartMage
Gold Slips with Ceasefire HopesGold declined below $3,320 per ounce as hopes for a ceasefire between Russia and Ukraine reduced the appeal of safe-haven assets. The drop followed a statement by US President Donald Trump announcing that both nations had agreed to "immediate" talks, potentially without US involvement, after a conversation with Russian President Vladimir Putin. On Monday, gold had gained 0.6% in response to Moody’s downgrade of the US credit rating to Aa1 from Aaa, which raised concerns about long-term debt sustainability. However, with geopolitical tensions easing and investors awaiting fresh comments from Federal Reserve officials, gold reversed course. XAU/USD now finds resistance at $3,250, with further levels at $3,300 and $3,350. On the downside, support is seen at $3,120, followed by $3,030 and $2,956.
EIGHTCAP:XAUUSD
by ChartMage
Pound Climbs Above $1.336 on Strong UK DataThe British pound rallied past $1.336, reaching a one-week high and inching closer to its April peak of $1.34. The move was fueled by renewed optimism after the UK and EU reached a comprehensive post-Brexit agreement covering energy cooperation, defense partnerships, and fisheries rights through 2038. Supporting the pound further, recent UK data exceeded expectations. GDP rose 0.7% in Q1 and 1.3% annually, easing pressure on the Bank of England to cut interest rates aggressively. Although rate reductions remain on the table, the strength of the economic rebound gives policymakers more flexibility. Despite some concerns about rising unemployment and slowing wage growth, the upbeat GDP print has helped offset fears of an impending recession. Meanwhile, the US dollar continued to weaken following Moody’s credit downgrade, providing additional support to the pound. GBP/USD now faces resistance at 1.3450, with higher targets at 1.3550 and 1.3700. Support is located at 1.3160, followed by 1.3000 and 1.2960.
by ChartMage
Yen Steadies on US Credit DowngradeThe Japanese yen held firm near 144 per dollar, marking its fourth straight session of gains, bolstered by a weaker US dollar in the wake of Moody’s downgrade of the US credit rating. The move, prompted by fiscal concerns and rising deficits, dented dollar confidence globally. Despite this, Japan’s own economic data weighed on sentiment, with GDP shrinking by 0.2% in Q1, its first contraction in a year and worse than anticipated. Investors are also closely watching the upcoming Japanese trade data with concerns about the impact of potential new US tariffs. A third round of US-Japan trade talks is set to begin in Washington by the end of the week, led by Japan’s chief negotiator Ryosei Akazawa. USD/JPY faces immediate resistance at 148.60, with higher levels at 149.80 and 151.20. Key support is seen at 139.70, followed by 137.00 and 135.00.
by ChartMage