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Fibonacci

Gold Breaks Out- Bulls Eye Record High Gold prices are poised to mark a third consecutive daily advance with XAU/USD clearing the June opening-range on news of war breaking out in the Middle East. The breakout takes price into uptrend resistance and while the broader outlook remains constructive, the immediate advance may be vulnerable while below this slope. A rally of more than 1.7% extended into uptrend resistance at the median-line before pulling back and the immediate focus is on today’s close with respect to the record high-close at 3431. Risk for near-term inflection off this zone with a close above needed to mark uptrend resumption. Subsequent resistance objectives are eyed at the record high at 3500 and the 100% extension of the May rally at 3578- look for a larger reaction there IF reached. Initial support now rests back at the 61.8% retracement of the April decline / the record high-day close (HDC) at 3355/80- losses should be limited to the median-line IF price is heading higher on this stretch. Subsequent support seen at the May / June open at 3288/89 with bullish invalidation now raised to the May LDC / late-May swing low at 3240/45- a close below this threshold would be needed to suggest a more significant high is in place / a larger reversal is underway. Bottom line: The gold rally has extended into uptrend resistance at the median-line- risk for possible inflection / topside exhaustion into this slope. From a trading standpoint, losses should be limited to 3355 IF price is heading for a breakout with a close above the median-line needed to fuel the next major leg of the advance. Keep in mind we get the release of key interest rate decisions from the Bank of Japan, the Federal Reserve, and the Bank of England next week. The ongoing conflict in Iran adds an additional layer of event risk as gold presses record highs- stay nimble next week and watch the weekly closes for guidance here.
FOREXCOM:XAUUSD
by FOREXcom
GBPUSD – Rejection From New Price High Questions UptrendThe escalation in geo-political risks overnight in the Middle East, marked by Israel's attack on Iranian nuclear sites which was followed by Iran's retaliatory drone strikes against Israel, have seen a rush to safe haven assets, which this time included buying dollars (a rarity of late!). This has seen GBPUSD fall quickly from a fresh 2025 high hit early this morning at 1.3633, back down to lower levels around 1.3540 (at time of writing) and questions whether the highs for GBPUSD may now be in place in the short term, with traders possibly reluctant to add to fresh longs into the weekend, and ahead of next week's Bank of England (BoE) rate meeting on Thursday (June 19th). Looking forward into the Friday close, traders may now be on headline watch, especially considering Iran's vow to respond to Israel's initial attack with harsh blows against both Israel and the US. Any attack by Iran against US targets, while potentially unlikely, could be viewed as a level up and President Trump has stated that the US are on high alert just in case. On the data front, the US Preliminary Michigan Consumer Sentiment for June is released at 1500 BST today. This will provide the next update on US consumer inflation expectations as well as sentiment, which although important are possibly unlikely to shift the focus of traders from progress reports regarding geo-political developments in the Middle East. Technical Update: Rejection From New Price High Questions Uptrend Of late, it has been a positive phase of sentiment that has been evident for GBPUSD, as a price pattern of higher highs and higher lows has formed, as the chart below shows. This has resulted in a new recovery price high being posted this morning at 1.3633, which represents the highest trade in GBPUSD since late February 2022. However, so far this new upside extreme in price has held and seen price weakness emerge. This may now see some traders questioning the ability of GBPUSD to maintain its current upside momentum, even suggest the potential of a more extended phase of weakness. What support and resistance levels might be worth watching to maybe help determine the next direction of price movement? Potential Support Levels: Having held price weakness seen earlier this week, the rising Bollinger mid-average may continue to be a support focus. This currently stands at 1.3504, and closing breaks below this level, if seen, might result in a more extended phase of weakness. Such downside breaks in price, while not a guarantee of further price declines, could see focus then shift to potential support at 1.3444, which is equal to the 38.2% Fibonacci retracement level, and if this in turn gives way on a closing basis, towards 1.3385, the deeper 50% retracement level. Potential Resistance Levels: As the chart below shows, sellers have been found this morning at the 1.3633 level and may be again. This could prove to be the first resistance point to monitor if fresh attempts at price strength are seen over coming sessions. Successful closing breaks above 1.3633 as a result, could point to an extension of the current uptrend pattern, with the next resistance level then potentially being 1.3749, which is the January 2022 high. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
1
EURUSD topped? This Elliott wave count says YES!In our previous analysis, we were EURUSD bearish, and although we are trading about 2 cents higher now than when that analysis was published, we are still convinced that these high hills are shortable. The pair, in our opinion, has finished a complete 5-wave Elliott formation earlier this week, and we prefer the short, with 2 targets that seem particularly interesting: 1. The flat correction target around 1.1065 2. The bottom of wave 4 of a lesser degree, at 1.0733, which is equal to, exactly & down to the pip, to the 61.8% retracement for the whole 5-wave sequence! We will continue to be bearish for as long as 1.1704 is not clearly penetrated. Whether the price penetrates 1.1704 & we give up, or, the market moves into our profit zone, we will post updates every week or so. Stay tuned!
Short
by Paid4X
SIEMENS LTD Long Term Trend OutlookSIEMENS has maintained a strong multi-year bullish trend since its 2009 low of ₹97.36, consistently respecting a well-anchored ascending channel. After a major rally peaking at ₹4,164.15, price is now reacting to a major supply zone, showing initial signs of distribution. We should monitor a potential retracement towards the ₹1,400.95 re-accumulation zone, which aligns with the historical demand area and the lower boundary of the long-term trendline. This confluence may provide a high-probability re-entry point for long-term investors seeking continuation exposure. As long as the macro structure holds above the trendline, the long-term bullish thesis remains intact. A failure below the re-accumulation zone would signal a significant structural shift.
NSE:SIEMENSShort
by weslad
Bitcoin (BTC): Bullish, But Don't Buy Yet! Here's Why.Hello, traders! 👋 Let's break down the current situation with Bitcoin . 🔍 Overall Bias: Bullish Bitcoin has confirmed its intention to continue the bullish trend towards a new All-Time High ( ATH ). This comes after a successful sweep of Sell Side Liquidity (SSL) and a confirmation of the bullish daily structure. Price has already corrected into a discount zone, which is generally favorable for buys. But wait! Don't rush to open long positions just yet. 🐳 The Whale's Game Plan The large players have a crucial Point of Interest (POI) below us — a 4h order block . This specific order block is what engineered the SSL sweep, making it a powerful support level and a magnet for price. To sweep that liquidity and trigger the stop-loss orders of retail traders, the "whales" had to open short positions. Now, to continue the uptrend, they need to close those shorts at break-even or a small loss. The 4h order block is the perfect place to do that. My Trading Scenarios 1️⃣ Primary Scenario: The Ideal Entry I expect a mitigation of this 4h order block. I will be closely watching the price reaction around this POI and the 78.6% Fibonacci retracement level . If the level holds and we get a Lower Timeframe (LTF) confirmation (e.g., the beginning of a bullish order flow), long positions could be considered. 🎯 Potential Long Entry Zone: ~ $102,745 - $103,868 2️⃣ Alternative Scenario: The Retail Trap Price might not drop to our POI immediately. It could first bounce from the current levels, luring impatient retail traders into long positions. After that, a sharp drop could shake them out before the real move up begins next week, targeting the Previous Month's High (PML) as a minimum objective. Conclusion Patience is key. We need to watch the actual price behavior and reaction once the "whale" delivers the price to our POI. This is not financial advice. My analysis is for educational purposes only.Hello, traders! 👋 Let's break down the current situation with Bitcoin.
Long
by TheWhaleSM
4
SUI — Trading with Geometry: Why Harmonics Work So WellSUI has been respecting technical levels with remarkable consistency. After bouncing from the $2.8467 low, it surged sharply — completing a clean Cypher Harmonic Pattern. This led to a high-probability short setup at the 0.786 Fibonacci retracement (Point D) around $3.5573. 🎯 Trade Setup Breakdown Pattern: Cypher Harmonic Entry (Point D): $3.5573 (0.786 retracement of XC) Target: $3.1191 (0.618 retracement of CD) Stop-Loss: Above Point X The 0.618 fib retracement of the CD leg coincides with a significant key low from May 6, 2025, adding structural confluence. This is an ideal level to monitor for absorption, reaction, or potential reversal behaviour. 🧠 Educational Insight: How to Trade Harmonic Patterns Like a Pro Harmonic patterns aren't just visually appealing — they represent high-probability setups based on market structure, Fibonacci geometry, and behavioural cycles. The most critical part of every harmonic pattern? You enter at Point D. Whether the pattern is bullish or bearish, Point D is your trigger: In bearish patterns (like this Cypher), you short from Point D. In bullish patterns, you long from Point D. This works because Point D marks the exhaustion of the corrective leg, where trapped traders and liquidity often sit. The structure often aligns with supply or demand zones, order blocks, or FVGs (Fair Value Gaps). 💡 Important: Harmonic patterns are most effective on higher timeframes — 4H and above. On lower timeframes, noise increases and reliability drops significantly. For clean execution and meaningful structure, stay with mid to high timeframes. Here’s how to trade it effectively: ✅ Wait for the full pattern to form — don’t front-run ✅ Use fib levels and structure confluence to validate Point D ✅ Use order flow tools (like Exocharts) to confirm absorption or volume shift ✅ Enter on Point D with your stop-loss just beyond X ✅ Take profits at common retracement levels like the 0.382 or 0.618 of the CD leg Patience is key. Harmonic traders wait for the market to complete the cycle — then strike with a plan. 📌 Final Thoughts SUI is delivering clean harmonic respect, and this setup is no exception. Whether you're already short or waiting for further confirmation, keep an eye on volume, liquidity zones, and reaction levels around $3.1191. If this zone holds, it may serve as a pivot for the next move. Pattern. Precision. Patience. That's how you catch high-probability trades like this. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
11
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!
FX:XAUUSDLong
by RLinda
17
EUR/USD - Daily highs taken, now what?Introduction The EUR/USD made a strong move higher today, establishing a clear uptrend on the 4-hour chart. With this latest push, it swept the daily liquidity above the previous high. The question now is whether the EUR/USD will continue moving higher or if there are opportunities for long entries at lower levels. Liquidity Sweep EUR/USD has taken out liquidity above the daily highs, where many stop losses are typically positioned. These stops have now been removed from the market. This area could potentially act as a support and resistance flip. However, if we see a 4-hour candle close below the previous daily high, further downside becomes likely. Where Can We Look for Buys? During the recent 4-hour move higher, significant progress was made. This upward movement created a daily Fair Value Gap (FVG) between $1.149 and $1.145. This FVG aligns perfectly with the golden pocket Fibonacci level, drawn from the swing low to the swing high. As a result, this zone forms a strong area of confluence for potential buy positions to target a retest of the highs. Conclusion Although we are currently breaking above the previous high, this move has yet to be confirmed as sustainable. Holding above this level is crucial. If a 4-hour candle closes below the previous high, it becomes likely that we will revisit the daily FVG and golden pocket Fibonacci zone. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
by Youriverse
40
Stick to shorting gold and aim for the target area.Gold has not broken through 3400 after accelerating its rise, and the upper suppression effect still exists; currently gold is fluctuating in a narrow range below 3390, showing signs of stagflation to a certain extent. Therefore, the accelerated rise of gold is not for the short-term impact of 3400, but for a deep retracement, eliminating more scattered funds in the market by sweeping up and down. So in the short term, I think it is difficult for gold to continue to break upward under the suppression of the resistance area near the short-term high of 3402, but to test the lower support area of ​​3375-3365 before breaking upward. So I have shorted gold as scheduled according to the short trading plan mentioned above, and aimed at the lower target area of ​​3375-3365. At present, our short position has made a certain profit, but I still look forward to profiting from gold hitting TP! Let us look forward to gold falling back to the target area as expected!
OANDA:XAUUSDShort
by Steffen_Schade
NQ Power Range Report with FIB Ext - 6/13/2025 SessionCME_MINI:NQM2025 - PR High: 21915.75 - PR Low: 21861.75 - NZ Spread: 120.5 No key scheduled economic events Session Open Stats (As of 12:45 AM 6/13) - Session Open ATR: 389.53 - Volume: 66K - Open Int: 267K - Trend Grade: Neutral - From BA ATH: -4.9% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22096 - Mid: 20383 - Short: 19246 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2025
by mv3trader5
GBP/JPY Bearish Pullback to Key Fibonacci LevelsGBP/JPY shows a strong bearish move followed by a consolidation near the 0.236–0.382 Fibonacci retracement zone. I’m monitoring this area closely as price retests the 0.5 (194.648) and 0.618 (194.855) Fibonacci levels — classic zones for bearish continuation setups. This setup suggests that price may reject the 0.618 zone, especially if volume and candle structure confirm resistance. My trade idea is based on short entries near 0.5–0.618 with a potential continuation toward 193.33 (-0.25) and 192.68 (-0.618 extension).
Short
by allmysmoke