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USD/CHF Update: Killer Short Trigger Ready to Pop!Welcome back, traders, it’s Skeptic from Skeptic Lab! 😎 We’ve got a juicy short trigger on USD/CHF that could deliver serious profits if it fires. Stay with me till the end to nail this trade! Let’s dive into the Daily and 4-hour timeframes for the full picture. Currently at $0.79671, here’s the play: ✔️ Daily Timeframe: We’re in a rock-solid bearish major trend . After hitting a high of $ 0.84649 , we broke the key support at $ 0.80573 , resuming the bearish trend. A pullback to the broken $ 0.80573 level is likely, as it aligns with the 0.6 Fibonacci retracement from the prior 4-hour wave. Trading with the trend is smartest, so shorts are the focus. If you want to long, go with lower risk and close positions faster. 📊 4-Hour Timeframe (Futures Triggers): Short Trigger: Two options here. Either enter on a trendline break (no extra trigger needed, as continuation trendlines mean the prior trend resumes on a break), or, for a safer play, short on a break of support at $ 0.79604 —this needs minimal confirmation. Long Trigger: Wait for a break of the resistance zone at $ 0.80573 . Confirm with RSI entering overbought. Check my RSI guide ( link ) for how I use it differently—game-changing stuff! 📉 Key Insight: Stick to the bearish trend for higher-probability trades. Shorts at $0.79604 or on a trendline break are your best bet. 🔔Risk management is your lifeline—cap risk at max 1%–2% per trade to stay in the game. I’ll catch you in the next analysis—good luck, fam! <3 💬 Let’s Talk! Which USD/CHF trigger are you locked on? Hit the comments, and let’s crush it together! 😊 If this update lit your fire, smash that boost—it fuels my mission! ✌️
Short
by SkepticLab
1
Gold’s Chart Update Next Move: Bullish or Bearish?Gold has shown strong bullish momentum 💪 as it breaks through the descending trendline 📉, positioning itself to target the upper liquidity zone 💰. Right now, we have two key scenarios to watch: 1️⃣ Bullish Scenario: If Gold breaks above the 3345 level and closes a solid candle above it 🔝, we could see a move towards 3360 🚀, signaling further upward potential. 2️⃣ Bearish Scenario: However, if Gold sweeps the 3345 zone and fails to maintain the bullish momentum 🔻, we may see a pullback that could push prices lower 📉. Stay vigilant 👀 and keep an eye on price action for the next big move! 🔍📊
TVC:GOLD
by Erin_Gold_Vault
XAUUSDHello Traders! 👋 What are your thoughts on XAUUSD? Gold has successfully broken above its descending trendline, signaling a potential shift in market structure and growing bullish momentum. A pullback toward the broken trendline is now likely, as price may retest the breakout zone. Once the pullback is completed, we anticipate a bullish continuation and a move toward higher levels. As long as price holds above the identified support zone, the bullish outlook remains valid. Will gold resume its rally after the pullback? Share your thoughts in the comments! 🤔👇 Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDLong
by HAMED_AZ
44
EURUSD Analysis – Smart Money Breakout + Reversal Zone in Play🔹 1. Bearish Channel & Liquidity Trap Setup Price action from late June into mid-July formed a clearly defined descending channel, with consistent lower highs and lower lows. This structure likely attracted retail traders into short positions, expecting continued downside. 💡 Key Insight: The initial breakout of the channel was a fake move — often referred to as a liquidity grab or inducement. This is typical in smart money models where institutions trap early traders before the real move begins. 🔹 2. Major CHoCH (Change of Character) Shortly after the fakeout, price sharply reversed and broke a major internal structure level, giving us our first CHoCH confirmation. This is a critical event in SMC, signaling a possible trend reversal from bearish to bullish. Why it matters: A CHoCH after a channel + fakeout combo is a strong reversal signal, especially when supported by volume and aggression. Visual cue: Look at the bullish engulfing momentum candle post-fakeout — this was the moment smart money entered. 🔹 3. Trendline Break + SR Interchange (Support/Resistance Flip) Following the CHoCH, price broke the trendline and came back down to test a high-probability SR Interchange Zone — an area where previous resistance turned into fresh support. This zone also aligns with the order block and inefficiency area, making it a premium entry for institutions. Notice how price respected the zone before launching aggressively upward. 🧠 Note: This was the cleanest entry point in this setup — combining structure break, liquidity, and a demand zone. 🔹 4. Major BOS (Break of Structure) After the retest, EURUSD broke the last major lower high, confirming a Bullish BOS (Break of Structure). This is where many traders realized the trend had shifted. Market sentiment flipped from bearish to bullish. Momentum increased, indicating institutional buying pressure. 🔹 5. Next Target: Reversal Zone (Supply Area) Price has now reached a critical supply zone (1.1930 – 1.1970) where the next major reaction is likely to occur. This area was previously a strong rejection point, and it aligns with a potential higher timeframe supply zone. ⚠️ Watch for: Bearish rejection wicks Liquidity sweeps above highs Bearish engulfing or mitigation patterns CHoCH on lower timeframes (1H, 15m) ✅ Key Trading Takeaways: Liquidity Trap: Retail was trapped inside a clean channel. Fakeout Move: Induced shorts were wiped out. CHoCH & BOS: Clear reversal pattern with momentum. Perfect Retest Entry: Price retested demand and launched. Current Area = Supply/Distribution: Great place to look for shorts or take profits. 📌 Possible Trading Plans: 🔸 Plan A: Reversal Short (Countertrend) Entry: Inside 1.1930–1.1970 zone Confirmation: Bearish PA + LTF CHoCH TP1: Previous BOS (~1.1830) TP2: Demand zone retest (~1.1650) SL: Above 1.1980–1.2000 🔸 Plan B: Continuation Long (Breakout Bias) Entry: Break + Retest above 1.2000 psychological level SL: Below breakout wick TP1: 1.2100 TP2: 1.2200+ 🔖 Concepts Applied: Smart Money Concepts (CHoCH, BOS, liquidity sweep) Price Action Structure Trendline break and retest Supply & Demand Zones Support/Resistance Flip (SR Interchange) Volume + Momentum Confirmation 🔄 Conclusion: This chart demonstrates a classic Smart Money narrative: “Trap the retail, shift the structure, drive price into premium, then reverse.” We're now at a make-or-break supply zone. Watch price behavior carefully — this is where smart traders either secure profits or prepare for the next leg.
Long
by GoldMasterTrades
XAUUSD Analysis : Bullish Move Toward Key Resistance + Target🟩 Overview: Gold is currently showing a clear bullish breakout on the 2-hour timeframe. The market structure has shifted from a downtrend into a bullish phase, with price now approaching a critical Reversal Zone. Let’s break down the key levels, structure shifts, and potential trade opportunities. 🔍 1. Structure Shift – Trendline Break & BOS Signals: The price previously followed a Blue Ray Descending Trendline, which acted as dynamic resistance and guided the bearish trend. As highlighted, “Blue Ray Always Continue Trend” – but in this case, we’ve seen a clean Break of Structure (BOS) that invalidated the bearish setup. A Minor BOS occurred first, which hinted at weakening selling pressure. Later, a Major BOS confirmed the bullish transition as the price broke above a key resistance level with strong momentum. This transition was supported by consistent higher lows and a breakout above the descending resistance trendline — a classic reversal signal. 🟩 2. Demand Zone Reaction – Major Support Held Firm: The Major Support Zone between $3,280 – $3,300 provided a strong base for buyers. Multiple wick rejections and bullish engulfing patterns near this zone indicated aggressive buyer interest. This support has now become the foundation for the recent bullish rally. 🎯 3. Next Target & Reversal Zone: The current price is hovering around $3,358, showing strong bullish momentum. The next major resistance area is marked between $3,380 – $3,400, identified as the Next Target + Reversal Zone. This zone is critical — it aligns with a historical supply area and the previous market swing highs. Traders should be cautious here, as price may react sharply. Reversal patterns (like bearish engulfing, pin bars, or double tops) could signal a potential retracement. ⚠️ 4. Trade Plan: 🟢 Bullish Bias (Short-Term): If you entered from the support or trendline breakout, continue to hold long positions until price nears the reversal zone. Trail stop-loss under the most recent higher low to secure profits. 🔴 Bearish Scenario (Near-Term Reversal Play): Watch for bearish rejection patterns in the $3,380 – $3,400 zone. If confirmation appears, potential short setups could offer a retracement back to $3,330 – $3,320. 📌 Key Levels Summary: Major Support Zone: $3,280 – $3,300 ✅ Next Target + Reversal Zone: $3,380 – $3,400 ⚠️ Current Price: $3,358 Major BOS Level: Confirmed Trendline: Broken with strong bullish pressure 🧠 Final Thoughts: Gold has officially shifted gears. The bullish breakout is in motion, and the trendline break + BOS combo supports further upside — at least until the reversal zone is tested. However, this is also where the market could exhaust, making it crucial to monitor price action closely. Stay patient, wait for confirmation, and let the levels guide your next move.
FX:XAUUSDLong
by GoldMasterTrades
US Dollar Strengthens Following Trump’s Tariff DecisionUS Dollar Strengthens Following Trump’s Tariff Decision US President Donald Trump has announced his decision to impose new tariffs: → For Canada, tariffs are set at 35%. They are scheduled to take effect on 1 August, although negotiations may take place before this date, potentially influencing Trump’s final stance. → For many other countries, tariffs may be set at 15% or 20%; → For the European Union, the exact tariff levels have not yet been disclosed. Overall, Trump’s latest comments have added to the uncertainty surrounding the specific tariffs to be applied to each country. The financial markets reacted as follows: → The US dollar strengthened against other currencies (including the Canadian dollar); → Equity markets saw a modest decline. Technical Analysis of the USD/CAD Chart As soon as the announcement of a 35% tariff on Canadian imports to the US was made public, the USD/CAD rate spiked sharply (as indicated by the arrow), reaching levels last seen at the end of June. In the hours that followed, the pair stabilised. Taking a broader view, the chart appears to show a triangular formation, which consists of: → A descending resistance line (R); → A key support level (S) around 1.3570. From this perspective, it is worth noting that the bulls’ attempt to break above the resistance line amid the 35% tariff news did not succeed, indicating strong selling pressure. At the same time, the price action of USD/CAD in early July allows us to identify a local support level (marked by the blue line). This suggests that, for now, the pair is consolidating within a formation bounded by the blue support line and resistance line R. However, how long this consolidation will last, and which direction the breakout will take, will most likely depend on the next round of news regarding US–Canada trade negotiations. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Forex Market Depth Analysis and Trading StrategiesForex Market Depth Analysis and Trading Strategies Forex market depth analysis offers traders a deeper understanding of currency market dynamics. It reveals the real-time volume of buy and sell orders at different prices, which is crucial for assessing liquidity and trader sentiment. This article explores how to analyse and use market depth for trading, discussing various strategies and their limitations. Forex Market Depth Explained Market depth meaning is the volume of buy and sell orders at different price levels. It's a real-time snapshot of the pair’s liquidity and depth of supply (sell orders) and demand (buy orders). Traders use this information to gauge the strength and direction of a currency pair. This depth is typically represented through an order book, displaying a currency pair’s existing orders at various price points. This book lists the number of units being bid or offered at each point, giving us insight into potential support and resistance levels. For instance, a large number of buy orders at a certain price level may indicate a strong support area, suggesting that many traders are willing to purchase the currency pair at this price. Understanding market depth is crucial in assessing the likelihood of trades being executed at desired prices, especially in fast-moving currencies or when trading large volumes. It may help in identifying short-term price movements, offering a more nuanced view of an asset beyond just candlestick charts. How to Analyse Market Depth Analysing order flow is a fundamental aspect of market depth trading, providing traders with valuable insights into the supply and demand dynamics of forex pairs. Forex market depth can be assessed using various tools and indicators. One key tool is the Depth of Market (DOM), which shows the number of buy and sell orders pending at different prices. DOM offers a visual representation of the currency pair’s order book, highlighting potential areas where large orders are placed. We can use such information to identify significant support and resistance levels where the pair might experience a turnaround. Another essential tool is Level II quotes. These quotes provide detailed information about the price, volume, and direction of every trade executed in real-time. By analysing Level II quotes, traders may be able to identify the pair’s momentum and potential trend shifts. For example, if there is a sudden increase in sell orders at a particular price, it may indicate a potential downward movement, prompting us to adjust our positions accordingly. Strategies Using Market Depth Analysis In forex trading, market depth analysis is a crucial tool for understanding and executing a depth of market strategy. Here's how traders can leverage this type of analysis in their strategies: Scalping Strategy By closely observing the DOM, scalpers can identify minor price movements and liquidity gaps. For instance, if the DOM shows a large number of sell orders at a slightly higher price, a scalper might open a short position, anticipating a quick downturn. This strategy relies on fast, short-term trades, capitalising on small price changes. Momentum Trading Momentum traders use the order book to gauge the strength of a trend. By analysing the order flow and volume, they can determine if a trend is likely to continue or reverse. For example, a surge in buy orders at increasing prices may signal a strong upward momentum, prompting a trader to enter a long position. Conversely, a build-up of sell orders might indicate a potential downward trend. Support and Resistance Trading Depth analysis is invaluable for identifying key support and resistance levels. Clusters of orders often act as barriers, influencing price movements. Traders may use these levels to set entry and exit points. For example, a large number of buy orders at a specific price may indicate a strong support zone, reflecting a potentially good entry point for a long position. Breakout Trading Traders seeking breakout opportunities can use market depth to spot potential breakout points. A significant accumulation of orders just beyond a known resistance or support level may indicate a potential breakout. If the pair moves past these areas with high volume, it could signal the start of a new trend, potentially offering a lucrative trading opportunity. Integrating Market Depth with Technical Analysis Integrating a depth chart trading strategy with technical analysis may enhance decision-making, combining the real-time insights of depth charts with the power of technical indicators. For instance, we can use market depth to confirm signals from technical analysis tools. If a moving average crossover suggests a bullish trend, a corresponding increase in buy orders in the depth chart may reinforce the signal. Similarly, a significant resistance level identified through technical analysis, such as a Fibonacci retracement level, might be substantiated if there’s a large accumulation of sell orders at that price point. Risks and Limitations of Market Depth Analysis While market depth analysis is a valuable tool in forex trading, it comes with certain risks and limitations: - Dynamic and Fast-Changing Data: Order book data is highly dynamic, often changing within seconds, making it challenging to base long-term strategies solely on such information. - Lack of Centralisation in Forex: Unlike stock exchanges, the forex market lacks a centralised exchange. This decentralisation means depth data might not represent the entire marketplace accurately. - Susceptibility to 'Spoofing': Large players might place and quickly withdraw large orders to manipulate market depth perception, misleading other traders. It’s worth noting that spoofing is illegal in many jurisdictions. - Limited Usefulness in Highly Liquid Markets: In highly liquid pairs, the depth of market data may become less relevant, as large orders are quickly absorbed without significantly impacting prices. - Dependency on Broker's Data: The reliability of order book data depends on the broker's technology and the size of their client base, which can vary widely. The Bottom Line Market depth analysis provides critical insights for forex traders, though it's vital to recognise its dynamic nature and limitations. Integrating it with technical analysis may create robust trading strategies. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
2
Gold Price Analysis July 10🔹 XAUUSD Analysis – D1 Yesterday's D1 candle showed a strong recovery, closing above 3313, thereby significantly weakening the previous downtrend structure. Currently, the price is reacting very strongly at the trendline around 3284. Buying pressure is clearly appearing, pushing gold back to trading in a wide range. In the short term, the 3328 area will play an important resistance role. If the price cannot break this area, the possibility of a correction down to the Gap price area this morning is quite high. The peak-bottom trading method is still giving suitable signals in the current market context. 🔹 Important zones: Support: 3312 – 3295 – 3279 Resistance: 3328 – 3339 – 3349 – 3363 💡 Strategy: Confirm the trading signal when the price clearly rejects the resistance zones to ensure the highest winning rate.
OANDA:XAUUSD
by TVS-Trader
Gold Analysis Bullish Breakout | Trendline & OB Setup📈 Gold Analysis We are currently seeing price action within a descending channel, testing key support at the M30 OB (Order Block). The price is pushing higher after bouncing off the support level, and the trendlines suggest a potential breakout to the upside. 💡 Key Levels: Support Zone: 3326 Resistance Zone: 3342 The market is primed for a possible rally, indicated by the upward momentum and price breaking out above the trendline. Watch for confirmation as we approach the liquidity level for further bullish movement. ⚡ Trade Idea: Look for a long entry if price closes above the trendline for a continuation towards the next resistance.
TVC:GOLDLong
by Erin_Gold_Vault
1
Gold (XAUUSD) Analysis : Bullish Structure Setup + Target🧠 Gold (XAUUSD) Technical Analysis Gold has recently been trading within a clearly defined descending channel, which has governed price action over the past several sessions. This structure is characterized by a series of lower highs and lower lows, forming well-established channel resistance and channel support levels. However, recent bullish pressure has led price to aggressively test the upper boundary of this channel, signaling the potential for a structural breakout. We are now at a technical inflection point, where a successful breakout and retest could mark the beginning of a significant trend reversal and short-to-medium term bullish move. 🔍 Key Technical Levels & Zones 🔷 Channel Resistance (~3,325) The price is currently testing the descending trendline acting as channel resistance. This area has previously rejected price several times, increasing its significance. A confirmed break and close above this level may shift the market bias from bearish to bullish. 🔷 Central Zone – Dual Demand (~3,325–3,330) This horizontal zone intersects with the channel resistance and aligns with two previous demand zones, now acting as a key decision area. The market must validate this zone as new support before any sustained upward movement can occur. 🔷 Next Reversal Zone – Target (~3,370) The next major area of interest lies around 3,370, a zone identified by previous swing highs and visible liquidity pools. This level is likely to act as a magnet for price if bullish structure is confirmed. 📈 Price Structure Outlook The potential breakout is supported by a strong bullish impulse off the channel support, followed by a series of higher lows suggesting growing bullish momentum. The projected movement scenario is as follows: Break above the channel resistance Retest and confirm the central zone as support Continuation toward the 3,370 reversal zone This would complete a classic break–retest–continuation pattern. ✅ Trade Considerations (Not Financial Advice) Entry Type Entry Condition Target Stop Loss Aggressive Break & 2H close above 3,330 3,370 Below 3,320 Conservative Retest & bullish confirmation above 3,325 3,370 Below 3,310 Risk Management: Use position sizing aligned with your risk tolerance (max 1–2% per trade). Monitor volume closely during breakout and retest for confirmation. ⚠️ Invalidation Scenario If price fails to break above the channel and is rejected strongly, especially with a bearish engulfing or long upper wick, the downside could resume. In such a case, price may revisit the channel midline or even the lower boundary around 3,290. 📝 Summary Gold is at a critical juncture, testing long-standing channel resistance. A break above and successful retest of the 3,325–3,330 zone could lead to a rally toward 3,370. This setup reflects a potential shift in structure from bearish to bullish on the 2H timeframe.
FX:XAUUSDLong
by GoldMasterTrades
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? Following its recent rally, EURUSD has reached a key resistance zone, which also aligns with a trendline. The pair failed to break above this area and has been rejected. Given the weak momentum and bearish reaction, we do not expect a breakout at this stage. Instead, we anticipate some consolidation around the resistance, followed by a downward move toward the specified support level. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
15
EUR/JPY Hits 12-Month HighEUR/JPY Hits 12-Month High As the chart indicates, the EUR/JPY pair has risen above ¥172 per euro — a level last seen in July 2024. Since early June, the exchange rate has increased by approximately 5.6%. This upward movement is driven by a combination of factors, including: → Divergence in central bank policy: The European Central Bank’s key interest rate remains significantly higher than that of the Bank of Japan, making the euro more attractive in terms of yield compared to the yen. → US trade tariffs on Japan: The potential imposition of 25% tariffs by the United States on Japanese goods poses a threat to Japan’s export-driven economy, placing downward pressure on the national currency. → Eurozone expansion and consolidation: News of Bulgaria’s potential accession to the euro area is strengthening investor confidence in the single currency. → Weakness in the US dollar: As the US Dollar Index fell to its lowest level since early 2022 this July, demand for the euro has grown, positioning it as a key alternative reserve currency. Can the rally continue? Technical Analysis of EUR/JPY For several months, the pair traded within a range of approximately ¥156–165 per euro, but has recently broken above the upper boundary of this channel. Based on technical analysis, the width of the previous range implies a potential price target in the region of ¥174 per euro. It is noteworthy that the rally gained momentum (as indicated by the arrow) following the breakout above the psychological threshold of 170, a sign of bullish market dominance. At the same time, the RSI has surged to a multi-month high, signalling moderate overbought conditions. Under these circumstances, the market may be vulnerable to a short-term correction, potentially: → Towards the lower boundary of the ascending channel (shown in orange); → To retest the psychological support around ¥170. That said, a reversal of the prevailing trend would likely require a significant shift in the fundamental backdrop — for example, progress towards a trade agreement between Japan and the United States. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: AUD/USD Attempts Fresh ClimbMarket Analysis: AUD/USD Attempts Fresh Climb AUD/USD is attempting a fresh increase from the 0.6485 support. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar found support at 0.6485 and recovered against the US Dollar. - There is a key bearish trend line forming with resistance at 0.6535 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase above 0.6550. The Aussie Dollar tested the 0.6585 zone before the bears appeared and pushed it lower against the US Dollar. The pair declined below the 0.6560 and 0.6550 support levels. The recent low was formed at 0.6485 and the pair is rising again. The bulls pushed it above the 50% Fib retracement level of the downward move from the 0.6588 swing high to the 0.6485 low. The pair is now consolidating above the 50-hour simple moving average. On the upside, the AUD/USD chart indicates that the resistance is near the 0.6535 zone. There is also a key bearish trend line forming at 0.6535. The first major resistance might be 0.6550 and the 61.8% Fib retracement level. An upside break above it might send the pair further higher. The next major resistance is near the 0.6560 level. Any more gains could clear the path for a move toward the 0.6585 resistance zone. If not, the pair might correct lower. Immediate support sits near the 0.6510 level. The next support could be 0.6485. If there is a downside break below 0.6485, the pair could extend its decline toward the 0.6440 zone. Any more losses might signal a move toward 0.6420. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Is a Reversal on the Horizon or a Deeper Correction? 🔘Gold Faces Strong Resistance at 3300 – Is a Reversal on the Horizon or a Deeper Correction? ⭐️ Gold has recently faced a significant price correction after bouncing off key resistance levels. As geopolitical events settle and economic data comes in, the market is now testing crucial support levels. Today’s session could provide important insights into whether gold will maintain its bullish momentum or continue to correct further. 🔹Market Overview – USD Rebounds, Creating Short-Term Pressure on Gold The US dollar has seen a strong rebound following positive developments in the global trade talks. Several key agreements between major nations, including the US, have been signed, which seem to support the USD in the short term. This has put downward pressure on gold, as traders shift their focus towards a stronger dollar and risk appetite returning to the market. 🔹US inflation data has come in lower than expected, creating room for the Fed to hold off on rate hikes, which helps the dollar further. 🔹FOMC meeting minutes later this week could reveal insights into the Fed's stance on interest rates, which could be key for market direction. 🔹Geopolitical tensions are cooling off slightly, which has reduced demand for safe-haven assets like gold. 🔹Technical Analysis – Gold in a Range-Bound Market, Testing Key Levels On the H1 chart, gold is forming a clear downward channel between 3360 and 3290, suggesting that the price could continue its correction within this range. If the price stays within this zone, we might see a deeper pullback toward the 3250 region. However, as always, waiting for confirmation signals before entering any trades is crucial. The false breakout risk is high when the price moves quickly and without clear confirmation from higher timeframes. 🔹Buy Bias in the Short-TermGiven the current technical structure, a buy bias seems more likely than further selling. The market may test 3320-3325 in the near term, with the potential to bounce back if the buying momentum continues to build. Additionally, the rejection wick on the D1 candle from yesterday suggests that sellers are losing control, and we may see more buying pressure in the coming sessions. 🔹Resistance and Support Levels to Watch: 🔺Key Resistance Levels: 3302 – 3310 – 3324 – 3335 – 3361 🔻Key Support Levels: 3275 – 3259 – 3248 ⬜️Trading Strategy – Buy and Sell Zones 🔺BUY ZONE:3250 – 3248 🔹Stop Loss: 3244 ✔️Take Profit: 3254 → 3258 → 3262 → 3266 → 3270 → 3280 → ???? 🔺SELL SCALP: 3303 – 3305 🔹Stop Loss: 3310 ✔️Take Profit: 3298 → 3294 → 3290 → 3286 → 3280 → 3270 → 3260 🔺SELL ZONE:3334 – 3336 🔹Stop Loss: 3340 ✔️Take Profit: 3330 → 3326 → 3320 → 3315 → 3310 → 3305 → 3300 → ???? 🕖Important Notes for Today: FOMC and Trade Policy Updates With FOMC minutes and other important trade policy updates expected today, it’s crucial to stay alert for any sudden changes in market sentiment. Always ensure that you are adhering to your TP/SL levels to safeguard your account.
OANDA:XAUUSDShort
by MMFlowTrading
1
Gold price this afternoon (July 8)Given the definition of the gold price trend, market participants remain anxious and oriented to signs of the US Federal Reserve’s stance on monetary tightening, which could shape the future course of gold prices. As the US dollar gains traction, it is also a difficult time for gold. But if the tariff war accelerates, gold will rise, especially as fears of annihilation and trade wars increase. 🔴 XAUUSD BUY 3295 3293 🔴 ✅TP1: 3310 ✅TP2: 3320 ✅TP3: OPEN 🚫 SL:3289 🔴 XAUUSD SELL 3308 3306 🔴 ✅TP1: 3300 ✅TP2: 3290 ✅TP3: OPEN 🚫 SL:3313
OANDA:XAUUSDLong
by FalCol_TradingMaster
A Buying Opportunity or Sign of a Bigger Correction?Gold Breaks Below 3300 – A Buying Opportunity or Sign of a Bigger Correction? 🧭 Market Update: Is the Sell-off Truly Dangerous? Gold saw a surprising reversal at the close of the US session yesterday after a sharp decline targeting the 329x liquidity zone, followed by a strong buying momentum that pushed the price back above this level. After testing the liquidity zone below 3300, significant buying volumes emerged at this price point, pushing the price back up. However, the market is still undecided about whether the bulls or bears will dominate at this stage. We are currently in an accumulation phase, with liquidity sweeps occurring at both the highs and lows, meaning traders should exercise caution and look for scalping points for appropriate entry and exit. Short-Term Outlook: Buy Bias Dominates Today In the short term, the buy bias appears stronger compared to yesterday. Focus on buying early at continuation patterns to capture the market's movement. The D1 candle from yesterday formed a wick rejection, showing that selling pressure has been absorbed and the buying momentum has returned in the short term. Therefore, be proactive and look for early buy opportunities. In the M30 timeframe, there is a solid continuation pattern forming in the 16-14 zone, which could serve as a good entry point today. If the price continues to drop, we’ll wait for a retest of the previous bottom at 03-00, and monitor for any strong downward momentum to confirm if the bearish trend will continue. On the other hand, if you’re considering sell positions, proceed with caution. As mentioned with the D1 wick rejection, the SELL pressure may have been absorbed, and BUY momentum could take over in the coming days. Avoid rushing into sell positions. Key Support & Resistance Levels: Key Resistance: 3342 – 3353 – 3362 – 3381 Key Support: 3330 – 3314 – 3303 – 3295 Scalping Opportunities and Buy Zones: BUY SCALP: 3316 – 3314 Stop Loss: 3310 Take Profit: 3320 → 3325 → 3330 → 3335 → 3340 → 3350 BUY ZONE: 3303 – 3301 Stop Loss: 3297 Take Profit: 3306 → 3310 → 3315 → 3320 → 3330 → 3340 → ???? Sell Opportunities and Caution on Bears: SELL SCALP: 3362 – 3364 Stop Loss: 3368 Take Profit: 3358 → 3354 → 3350 → 3345 → 3340 → 3330 SELL ZONE: 3380 – 3382 Stop Loss: 3386 Take Profit: 3376 → 3372 → 3368 → 3364 → 3360 → 3350 Key Takeaway: We are at a critical stage where both bulls and bears are vying for control. Will gold bounce from the support and continue its bullish trend, or will the sellers regain control and drag prices lower? Be patient and wait for clear price action signals before entering any trades. The market is currently in an accumulation phase, so avoid rushing into decisions. Focus on buying when clear confirmations appear at support zones and stay alert for sell rejections at key resistance levels. Good luck with your trades! 💬 What’s Your View on Gold Today? Do you believe gold is set to break 3390 and continue its bullish momentum? Or are we looking at a deeper correction towards 3270 in the coming days? 👇 Share your analysis and thoughts in the comments below! We’d love to hear your take on where gold is headed next!
OANDA:XAUUSDLong
by MMFlowTrading
1
VIC Faces Crucial Resistance Test After Explosive RallyVIC just popped over 100% and is now testing a key resistance trendline. After weeks of sideways chop and downside pressure, VIC has made a strong bounce off the demand zone and is now pushing right into the falling resistance trendline. This is a crucial level, if it breaks and holds above this trendline, we could see a shift in structure and more upside toward the next supply zone. But if it gets rejected again, price might cool off and retest lower supports. DYOR, NFA
Long
by unichartz
2
GBPUSD: Detailed Support & Resistance Analysis 🇬🇧🇺🇸 Here is my structure analysis for GBPUSD. Horizontal Structures Support 1: 1.3588 - 1.3633 area Support 2: 1.3305 - 1.3400 area Support 3: 1.3097 - 1.3175 area Resistance 1: 1.3748 - 1.3835 area Resistance 2: 1.3900 - 1.3400 area Vertical Structures Vertical Support 1: rising trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
Market Analysis: EUR/GBP Accelerates HigherMarket Analysis: EUR/GBP Accelerates Higher EUR/GBP is rising and might climb above the 0.8670 resistance. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is gaining pace and trading above the 0.8600 zone. - There was a break above a contracting triangle with resistance at 0.8630 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a decent increase from the 0.8500 zone. The Euro traded above the 0.8580 resistance level to enter a positive zone against the British Pound. The pair settled above the 50-hour simple moving average and 0.8620. It traded as high as 0.8670 before a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the 0.8507 swing low to the 0.8670 high. However, the pair is stable above the 0.8600 support zone. The next major support is near the 50% Fib retracement level of the upward move from the 0.8507 swing low to the 0.8670 high at 0.8590. A downside break below 0.8590 might call for more downsides. In the stated case, the pair could drop toward the 0.8545 support level. Any more losses might call for an extended drop toward the 0.8505 pivot zone. The EUR/GBP chart suggests that the pair is facing resistance near the 0.8635 zone. A close above the 0.8635 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8670. Any more gains might send the pair toward the 0.8700 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Market Analysis: GBP/USD DipsMarket Analysis: GBP/USD Dips GBP/USD failed to climb above 1.3800 and corrected some gains. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below the 1.3700 support against the US dollar. - There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3750 pivot level. As a result, the British Pound started a fresh decline below 1.3720 against the US Dollar. There was a clear move below 1.3700 and the 50-hour simple moving average. The bears pushed the pair below 1.3650. Finally, there was a spike below the 1.3600 support zone. A low was formed near 1.3562 and the pair is now consolidating losses. There was a minor move above the 1.3615 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near the 1.3650 level. There is also a key bearish trend line forming with resistance near 1.3650. The next major resistance is near the 50% Fib retracement level of the downward move from the 1.3788 swing high to the 1.3562 low at 1.3675. A close above the 1.3670 resistance zone could open the doors for a move toward the 1.3700 zone. The 61.8% Fib retracement level is at 1.3700. Any more gains might send GBP/USD toward 1.3790. On the downside, there is a key support forming near 1.3615. If there is a downside break below the 1.3615 support, the pair could accelerate lower. The next major support is near the 1.3560 zone, below which the pair could test 1.3500. Any more losses could lead the pair toward the 1.3440 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1