EURUSD Structural Analysis | Curve Breakout to Key Reversal Zone🔍 Structure Analysis:
The EURUSD pair has been exhibiting classic smart money behavior following a reaccumulation phase beneath a curved resistance structure. This curve acted as a dynamic liquidity ceiling, engineered to trap breakout traders during early sessions and encourage early shorts — only to be invalidated later by institutional momentum.
What we now see is a clean structural breakout, a shift in market sentiment, and a precision drive toward premium liquidity zones, where we expect reactions from institutional orders or profit-taking.
📐 Technical Breakdown:
🔹 1. Curved Resistance Breakout (Trend Manipulation Layer)
The curve represents a multi-touch descending resistance line that was gradually compressing price.
Multiple rejections created a false sense of bearish continuation, but in reality, smart money was accumulating positions under the curve.
The final breakout was impulsive and occurred on elevated volume, breaking both the curve and a short-term bearish structure.
🔹 2. Bullish Market Structure Confirmation
Higher highs and higher lows are now clearly established.
After the curve break, the price pulled back slightly, respecting the new trendline support — a sign of retest behavior and continuation.
The previous internal structure break was confirmed after a key swing high was violated, flipping the order flow to bullish.
🔹 3. SR Interchange + QFL Demand Zone
The 1.11800–1.12200 zone held firm during the retracement, previously acting as a strong resistance and now a support flip.
This zone coincides with a QFL-style accumulation base — a concept based on sudden dips into support where big orders are filled before sharp reversals.
Wick rejections and candle closes show strong interest by buyers.
🔹 4. Trendline & Structure Alignment
A clean ascending trendline is acting as dynamic support.
Each touch on the trendline has been followed by bullish expansion — another indication of institutional order flow support.
This trendline also aligns with internal FVGs (Fair Value Gaps), offering more confluence.
🔹 5. Liquidity Magnet: Next Major Zone
The next key area is marked around 1.15500–1.15750, which is a previous structural high, order block, and likely liquidity pool for pending sell-side orders.
This area is expected to act as a magnet, pulling price toward it before a potential reversal or redistribution phase begins.
📊 Trade Management Plan:
Parameter Details
Bias Bullish (Short-Term to Mid-Term)
Entry Zones Retest of trendline or minor FVGs
TP1 1.14500 (interim supply)
TP2 (Main) 1.15500–1.15750 (major liquidity zone)
SL Below 1.11800 (invalidates bullish idea)
RR Target 1:2.5 to 1:3 depending on entry precision
🧠 Concepts Applied:
Smart Money Concepts (SMC)
Break of Structure (BOS) & Change of Character (CHOCH)
Curve Manipulation / Compression
SR Flip (Support-Resistance Interchange)
QFL (Quasimodo Failure Level)
Trendline + FVG Confluence
Liquidity Pool Targeting
Volume Expansion Breakout Confirmation
🛎️ Watchlist Notes & Trade Expectations:
Expect short-term pullbacks into the 1.13000–1.13200 zone for liquidity re-tests.
Watch for reaction or sweep near 1.15500 — this is where short-term sellers may enter, and institutions may offload.
If price holds above the trendline and consolidates near the high, a continuation leg to even higher targets (1.16500) is possible — depending on macro conditions.
✅ Conclusion:
This EURUSD setup is a high-probability opportunity shaped by smart money behavior and deep structural context. The combination of the curve breakout, trendline strength, and liquidity targeting provides a clear roadmap for execution and management.
Use this analysis as a framework — always confirm with price action and risk management aligned with your personal strategy.
Fundamental Analysis
Nvidia Posts Another Blowout Quarter. What Can Slow It Down?Hint: Not much.
🚀 Earnings So Good You Can’t Ignore ‘Em
Another quarter, another jaw-dropper from Nvidia NVDA . In what has basically become a quarterly ritual at this point (congrats to all who celebrate!), Jensen Huang’s silicon empire posted revenue of $44.1 billion , soaring past the $43.3 billion consensus.
That’s a 69% year-over-year gain, in case anyone’s still doing the math. Adjusted earnings of 81 cents per share also easily crushed expectations.
Shares popped 5% in after-hours trading Wednesday and then pulled back a little bit during the cash session on Thursday — not quite a moonshot, but a confirmation that even if Nvidia’s guidance was meh, this earnings report was meh’gnificent.
So what exactly is fueling this unstoppable juggernaut? And is there anything that could actually throw a wrench in the gears? Grab your chips (there’s your pun), let’s break it down.
💾 Data Centers: The Company’s Cash Cow
If Nvidia is famous for anything, it’s that it’s really able to see the trend before the crowds pick it up. From gaming, to crypto… and now? The star of the show now is data centers. But there's not just any growth. We’re talking $39.1 billion in data center revenue, up 73% from last year. That’s nearly 90% of Nvidia’s entire business. Not exactly fans of revenue diversification, are we?
Big Tech is gorging on Nvidia’s AI chips like it’s an all-you-can-eat GPU buffet. Amazon NASDAQ:AMZN , Google NASDAQ:GOOGL , and Microsoft NASDAQ:MSFT alone account for nearly half of that segment.
Basically, if you’re building anything with the words “large language model,” “AI agent,” or “sovereign compute,” you’re probably writing big checks to Nvidia.
🇨🇳 About That $10.5 Billion Problem
Thanks to Trump’s H20 export ban, Nvidia’s revenue from China is expected to take a $10.5 billion hit over two quarters. That’s an $8 billion crater forecasted for the current quarter, on top of a $2.5 billion gap in the previous one.
Is that bad? Maybe. Does anyone care right now? Not really.
Because here’s the kicker: demand outside China is so nuclear that even subtracting ten billion bucks over six months doesn’t materially derail the bullish narrative. Nvidia’s still forecasting $45 billion in revenue this quarter, which is basically flat — but considering what’s missing, that’s a win in disguise.
📦 Blackwell to the Rescue
The forward guidance may have missed the Street’s expectations — Nvidia projected Q2 revenue of $44–$46 billion, versus the $45.9 billion consensus — but CEO Jensen Huang already served the antidote: Blackwell Ultra.
These next-gen chips are already shipping to early customers. They promise to be leaner, meaner, and more power-efficient — basically, think McLaren but for AI accelerators. And they’re expected to ramp up aggressively in the back half of the year.
That means Nvidia has a new growth lever just waiting to be pulled. Some overly bullish analysts say it could eclipse the H100’s success.
💡 The Real Moat? It’s Not Just the Chips
What makes Nvidia such a rare beast isn’t just its hardware. It’s the ecosystem — CUDA, software stacks, developer tools, APIs, vertical integrations. It’s like Apple, but for the AI industrial complex.
Everyone wants to build an AI empire, but good luck doing it without Nvidia’s infrastructure. It’s not just expensive — it’s essential.
In the meantime, AMD NASDAQ:AMD and Intel NASDAQ:INTC are trying. There’s chatter about custom silicon from OpenAI (still a private company) and Meta $META. But for now, the moat around Nvidia looks more like a canyon.
🧨 So What Could Slow It Down?
But let’s not get carried away — there are still some real risks on the radar. Here’s what might actually trip up the AI king:
Geopolitical shocks: More export bans? Chinese retaliation? Taiwan tension? Any of these could make markets twitchy.
Supply chain constraints: As demand grows, so does pressure on foundries like TSMC 2330 . Any hiccups in advanced packaging or wafer starts could pinch margins.
Rising competition: AMD’s MI300 is no slouch. And Big Tech is building in-house chips to lessen reliance on Nvidia.
AI fatigue: If the AI hype cycle fizzles out or hits a plateau (remember the metaverse?), that could cool capital spending. It only takes 3-4 tech titans to pull their capex and Nvidia’s reign is over.
But until any of that materializes, the narrative for many is "Buy the dip — Jensen’s grip won’t slip."
💫 What’s Priced In?
The stock’s P/E is still sky-high, and the multiple implies several more years of 50–60% annual revenue growth. That’s hard to sustain indefinitely. But then again, so was becoming the second-largest company in the world… (and the biggest one, if only for a while ) and here we are.
Nvidia’s valuation is steep, but not unjustified — as long as it keeps executing. And judging by any of the previous quarters going back to 2023, execution isn’t a problem.
👩🏻🚀 More Than a Stock — Macro Theme
At this point, Nvidia has transcended chipmaker status. It’s now a macro story. Betting on Nvidia is betting on AI. It’s betting on infrastructure. It’s betting on the next industrial revolution in software, automation, and language models.
So… what can stop it? Share your thoughts in the comment section!
Gbp/Jpy Intra-Day Analysis 30-May-2025Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
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GOLD Gold Directional Bias and Dollar Index (DXY) Analysis (May 30, 2025)
Gold (XAU/USD) Directional Bias
Cautious Bearish Correction: Gold faces immediate resistance at $3,305–$3,338 (20-day moving average and recent highs) .
A break above $3,435 is needed to confirm a bullish reversal toward $3,500 .
Failure to hold $3,056 (key medium-term support) risks a drop to $2,955–$2,833 .
Bullish Potential: Stagflation risks (weak growth + high inflation) and Fed rate cut expectations support gold as a hedge .
A sustained break above $3,500 could target $4,000+ .
Dollar Index (DXY) Outlook
Bearish Momentum: DXY is in a multi-month downtrend
Drivers:
Fed rate cut bets and weaker US economic data (e.g., soft jobless claims) pressure the dollar .
Trade tensions (e.g., Trump’s tariff threats) inject volatility but may revive safe-haven USD demand .
Gold-DXY Correlation
Short-Term Inverse Link: Recent dollar strength (DXY↑) contributed to gold’s 1% drop to $3,301 .
Long-Term Divergence: Since 2008, gold has risen 150% while DXY gained 45%, showing no consistent inverse relationship over decades .
Current Dynamics:
A weaker DXY (below 98.4) would support gold’s rebound .
Stagflation fears could decouple gold from DXY, favoring gold as an inflation hedge .
Conclusion
Gold: Short-term bearish pressure persists, but medium-term bullish drivers (stagflation, Fed cuts) remain intact.
DXY: Bearish Elliott Wave structure suggests further declines unless it breaks above 101.99.
Trade Strategy:
Sell gold rallies toward $3,305–$3,338 with tight stops .
A DXY breakdown below 98.4 could signal gold’s bullish revival .
Monitor US PCE inflation data (May 30) and Fed rhetoric for near-term catalysts .
XAUUSD NOVEMBER In November 2024, the financial outlook for XAU/USD (Gold to US Dollar) remains positive, driven by a mix of geopolitical tensions, economic uncertainties, and expectations of rate cuts from central banks. Over recent months, gold prices have seen a significant rise, with gold appreciating by nearly 20%. Key factors supporting this growth include:
1. Geopolitical Tensions: Ongoing conflicts and political instability, particularly in the Middle East and Ukraine, have contributed to increased demand for gold as a safe-haven asset. This continues to push prices higher, as investors seek to protect capital from market volatility.
2. Central Bank Demand: Central banks, particularly in emerging markets like China, continue to accumulate gold reserves. In 2024, central bank gold purchases are expected to remain strong, with the potential to exceed previous records. This buying trend is anticipated to keep demand high and provide price suppor
3. Federal Reserve Rate Cut Expectations: The Federal Reserve is expected to begin cutting interest rates in 2024, which historically boosts gold prices as lower rates make non-yielding assets like gold more attractive
As a result, many analysts are forecasting continued upward momentum in gold prices, with potential highs of $2,400 to $2,600 per ounce by mid-2025. However, short-term fluctuations and corrections are expected, particularly as investors respond to changes in economic data and central bank actions
GBPUSDOn monthly char, we saw the pattern from the supply roof which brings us to monthly close today ,GBPUSD short could be the next bias based on the economic data and structure, however if uk economy show strong resilience and the 10 bond yield continues to rise and interest rate stay steady ,British pounds could up swing on demand, if buy condition favors carry traders.
#gbpusd #dollar #gbp
JPYUSD Technical Analysis | (MMC) in Play + Target🟦 1. Structure & Price Action Overview
The chart is of JPY/USD on the 2-hour timeframe, showing a clear picture of price movement over several weeks.
We see three major market phases:
Range/Resistance Phase (Left side of chart)
Uptrend Phase (Middle – rising channel)
Reversal Setup (Right side – potential bearish move forming)
📈 2. Uptrend Channel (Accumulation to Expansion Phase)
From around May 13th, price started forming higher highs and higher lows, respecting a bullish channel (light blue shaded area).
This is a classic ascending channel, often seen during a controlled uptrend where buyers are still in control but momentum is slowing.
The channel took price directly into the resistance zone (marked in purple at the top).
🚫 3. Resistance Zone Rejection (Key Supply Zone)
Once price hit the resistance zone (~0.00705), it failed to break higher.
This level had previously caused sharp drops, so it's a well-established supply zone.
Price was rejected and dropped sharply, breaking out of the ascending channel – a strong bearish signal.
🔄 4. Mirror Market Concept (MMC) – Curve Bending Pattern
After the initial drop, price attempted a bounce, but couldn't even reach previous highs.
The curved arrow labeled "Curve Bending" shows how the market is “bending” its momentum – not pushing upward anymore but turning into a reversal.
This forms the mirror of the previous rise – indicating the market is ready to “mirror” that previous bullish leg, but to the downside.
🔄 5. SR Interchange (Support Flipped Resistance)
The previous demand zone (around 0.006950–0.007000), where buyers pushed price higher during the uptrend, is now acting as resistance.
This is called an SR Flip (Support becomes Resistance) – a very reliable technical sign of trend reversal.
🎯 6. Bearish Target Projection
Based on MMC and symmetry of past movements, the chart is projecting a strong drop toward the 0.006800 support zone.
This zone is also historically significant and acted as a demand area earlier.
The black arrow and target box show this expected move, which aligns with the mirror structure.
🧩 Conclusion & Trade Plan
Bias: Strong Bearish
Confirmation : Channel break + rejection at resistance + curve bending
Trigger: Price fails to reclaim 0.00700 and breaks below 0.006930
Target: 0.006800
Invalidation : Clean break & hold above 0.007050
🛡️ Pro Tips:
Don’t just jump in — wait for bearish confirmation (like a bearish engulfing candle, or a failed retest).
Always set your SL (Stop Loss) above the resistance zone (~0.007050).
Let the setup come to you — don’t force trades.
Japanese Markets: Still a Buy?Are Japanese markets still a buy after rising 170% since the pandemic, surpassing their roaring 1980s levels?
The reason why Japanese stocks have become some of the best-performing equities in Asia is largely due to the falling yen — a depreciation of around 60%. A weaker yen boosts Japan’s major exporters, as their overseas earnings convert into higher yen profits.
But what’s the downside? Inflation. (expand)
Yes, they wanted inflation, below 2% yoy will be ideal, but not at this rate of growth at 3.5%.
Micro Nikkei Futures
Ticker: MNI
Minimum fluctuation:
5.00 index points = ¥250
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Trading the Micro: www.cmegroup.com
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AUDCAD → Support retest. False breakdown?FX:AUDCAD is within the range. The price is heading towards support within the local distribution. There may not be enough potential for a breakdown of support...
Against the backdrop of the strengthening Canadian dollar, the currency pair is ready to test consolidation support. The price has no clear trend, consolidation is forming in the range of 0.891 - 0.885. The price is heading towards support, there is no pre-breakout base, the level is quite strong and the distribution may end with a false breakdown and a rebound...
Support levels: 0.8858
Resistance levels: 0.8878, 0.8897
Below the level of 0.8858, there is a fairly large liquidity reserve, and there is no global trend, which means a neutral situation. Retesting the support zone after a sharp decline may end in a false maneuver and growth.
Best regards, R. Linda!
The Day Ahead Key Data Releases:
United States:
April PCE Price Index: A critical inflation gauge for the Fed’s policy outlook.
Personal Income & Spending: Insight into consumer strength and economic momentum.
Advance Goods Trade Balance & Wholesale Inventories: Impact on Q2 GDP expectations.
May MNI Chicago PMI: Regional manufacturing sentiment ahead of national ISM.
United Kingdom:
May Lloyds Business Barometer: Early business sentiment snapshot ahead of June BoE meeting.
Japan:
May Tokyo CPI: A leading inflation indicator for national trends.
April Jobless Rate & Job-to-Applicant Ratio: Labor market health amid BoJ policy speculation.
Industrial Production, Retail Sales, Housing Starts: Broad economic activity indicators.
Germany:
May CPI Flash Estimate: Crucial for ECB rate trajectory.
April Retail Sales: Consumer spending dynamics.
Italy:
May CPI & April PPI: Inflation pipeline pressures in a key Eurozone economy.
Eurozone:
April M3 Money Supply: Signals liquidity and potential inflationary pressure.
Canada:
Q1 GDP: Growth snapshot could influence BoC expectations.
Sweden:
Q1 GDP: Economic performance post-Riksbank’s recent rate moves.
Central Bank Speakers:
Federal Reserve:
Lorie Logan (Hawkish lean) – Comments will be scrutinized for clues on timing of future rate adjustments amid sticky inflation.
European Central Bank:
Fabio Panetta & Boris Vujcic – Potential insights into ECB's path forward, especially with diverging inflation trends in the bloc.
Trading Implications:
Today’s data-heavy calendar will likely drive volatility across USD, EUR, JPY, and CAD crosses. Inflation and growth readings from the U.S., Eurozone, and Canada are pivotal for near-term rate path pricing. Watch Fed and ECB commentary closely for shifts in tone. Japan's CPI and labor data may fuel BoJ tightening bets. Keep an eye on risk sentiment and yield moves for broader asset impact.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Is ETORO overvalued or undervalued at 60$?
IPO Performance and Valuation:
-IPO Pricing: eToro priced its IPO at $52 per share, above the anticipated range of $46–$50, raising approximately $620 million and achieving a valuation of around $4.2 billion.
-Market Debut: On its first trading day, eToro's shares surged, opening at $69.69 and closing at $67, pushing its market capitalization to approximately $5.5 billion.
Financial Metrics:
-Revenue and Profit: In 2024, eToro reported revenues of $931 million and a net income of $192 million, marking a significant turnaround from a net loss of $21 million in 2022.
-Valuation Multiples: At the IPO price of $52, eToro's valuation was about 4.5 times its 2024 revenue and approximately 23.4 times its net income. At the current share price of $62.07, these multiples increase to roughly 5.8 times revenue and 28.6 times net income.
Comparative Analysis:
Industry Peers: Compared to peers like Robinhood, which trades at higher multiples, eToro's valuation appears moderate. However, it's essential to consider differences in business models, market presence, and growth trajectories.
Considerations:
-Growth Prospects: eToro's expansion into new markets and product offerings could justify higher valuations if growth targets are met.
-Regulatory Environment: The company has faced regulatory challenges in various jurisdictions, which could impact future operations and profitability.
Disclaimer:
This is just my personal opinion and not professional financial advice. Any investment decisions you make are entirely your responsibility. I am not a licensed financial advisor, and I do not guarantee the accuracy or completeness of the information provided. The figures mentioned may be inaccurate, outdated, or subject to change — so please do your own research and due diligence before making any financial decisions. Investing involves risk, and any losses incurred are at your own risk.
Snapchat Long?Technical Analysis:
- NYSE:SNAP has been very close to a very strong support zone on its Daily chart, offering a potentially good trade in my opinion.
Fundamental Analysis:
-In 2024, Snap reported an annual revenue of $5.36 billion, marking a 16% increase from the previous year. However, the company still posted a net loss of $698 million, an improvement from the $1.32 billion loss in 2023 . Adjusted EBITDA improved to $509 million in 2024, up from $162 million in 2023, indicating better operational efficiency.
-Quarterly results showed similar trends. For instance, in Q2 2024, revenue increased by 16% year-over-year to $1.24 billion, but the company still incurred a net loss of $249 million . In Q4 2024, Snap achieved a net income of $9 million, compared to a net loss of $248 million in the same quarter of the previous year .
Challenges:
-Snap faces intense competition in the digital advertising space from larger rivals like Meta Platforms (Facebook and Instagram) and TikTok. These competitors have more extensive user bases and more advanced ad-targeting capabilities, making it challenging for Snap to attract and retain advertisers .
Disclaimer:
This is just my personal opinion and not professional financial advice. Any investment decisions you make are entirely your responsibility. I am not a licensed financial advisor, and I do not guarantee the accuracy or completeness of the information provided. The figures mentioned may be inaccurate, outdated, or subject to change — so please do your own research and due diligence before making any financial decisions. Investing involves risk, and any losses incurred are at your own risk.
XAGUSD Analysis Using MMC | Breakout & Reversal + Target🧠 What the Chart is Telling Us:
Today’s Silver (XAGUSD) price action presents a powerful combination of structural breakout, pattern continuation, and mirror market behavior. Let’s break it down step-by-step so you understand the full picture.
🔸 1. Black Mind Curve Resistance Breakout
At the top-left of the chart, we see a curved descending resistance line (referred to as “Black Mind Curve”). This line has acted as a long-term dynamic resistance, consistently rejecting price action across multiple sessions.
However, after several failed attempts, the price finally broke above this resistance curve—a highly bullish signal. This breakout marks the beginning of a structural shift, where the bearish control starts to weaken and buyers gain momentum.
🔸 2. Support Level and Accumulation
Near mid-May, the price formed a solid horizontal support level. This level was tested multiple times but held firm, suggesting strong accumulation by smart money. According to MMC principles, these accumulation zones are mirrored later as breakout points—which is what we see play out in the chart.
🔸 3. Pennant Pattern Emergence
After the initial curve breakout, the market entered a tight consolidation, forming a Pennant Pattern. This is a continuation pattern formed when the market briefly pauses after a big move.
This pennant acts as a resting phase before another strong impulse—buyers are catching their breath, preparing for a second attack.
🔸 4. Breakout and Candle After Effect (AE)
Once price broke the pennant pattern, we saw an aggressive breakout candle (marked as AE – After Effect). This large candle is a classic liquidity candle that confirms buyer dominance.
In MMC terms, this AE candle reflects momentum that mirrors the impulse leading into the pennant, indicating that the second move will often match the first one in structure or magnitude.
🔸 5. Major Resistance + Break of Structure (BOS)
Above the breakout zone lies a key resistance area, which has now been broken. This is a Break of Structure (BOS) confirming that the market has flipped from a bearish to bullish structure.
This zone, once resistance, may now act as support in future pullbacks—a concept central to Mirror Market Theory, where historical resistance becomes future support (and vice versa).
🔸 6. Reversal Zone Target
The chart shows a projected move toward the Reversal Zone between $34.00–$34.50. This zone aligns with:
Previous highs from historical market structure.
Mirror levels when flipped across the midrange of the price action.
Possible liquidity zones where large institutions may look to reverse or take profits.
This Reversal Zone is where we can expect potential exhaustion in the bullish run, signaling a pause or a minor correction.
📌 Summary of Analysis:
✅ Bullish Confirmation Points:
✅ Breakout above long-term resistance curve
✅ Bullish Pennant Pattern followed by AE breakout
✅ Break of major horizontal resistance (BOS confirmed)
✅ Target toward reversal zone in line with MMC reflection logic
⚠️ What to Watch:
Price action behavior near $34.00–$34.50
Potential bearish engulfing or liquidity sweep in the reversal zone
RSI/Volume divergence signals near top zones
🎯 Final Thoughts:
The Silver market is showing clear bullish momentum supported by strong technical confluence and MMC-based mapping. The current structure favors continuation to the upside, but traders should manage risk as we approach reversal zones where large players may start offloading positions.
🧠 Mirror Market Concept Reminder:
MMC is a strategy based on the mirroring of market behavior—where price levels, patterns, and reactions tend to reflect past structures either directly or inversely. It’s highly effective in spotting key reaction zones, target extensions, and reversals.
💬 What’s Your Take?
Do you agree with this bullish projection, or do you see weakness ahead? Let me know in the comments! And don’t forget to like & share this idea if you found value in it. 🚀
Musk Steps Away from Politics: What Does It Mean for Tesla?Musk Steps Away from Politics: What Does It Mean for Tesla (TSLA) Stock?
Yesterday, it was announced that Elon Musk will be stepping down from the Trump administration as his term as head of DOGE—where he focused on reducing government spending—has come to an end.
This decision follows his statement at the economic forum in Qatar, where Musk said he plans to focus less on politics, as he feels he has already done enough in that realm.
What Does This Mean for Tesla (TSLA) Stock?
Musk’s move away from politics is likely a positive signal for investors. Here's why:
→ The company’s CEO can now devote more time to addressing issues such as declining vehicle sales in Europe;
→ Musk’s role at DOGE will no longer pose reputational risks for Tesla..
During yesterday’s main trading session, TSLA stock surged to $367—its highest level since mid-February.
Technical Analysis of TSLA Stock Chart
The price continues to hover near the upper boundary of an ascending channel (marked in blue), which could pose a challenge for further upward movement.
Additionally, the price has entered the $355–$375 range—a zone that previously triggered significant reversals (as indicated by arrows). Notably, there was a sharp decline from this zone between February 21–26. From a bearish standpoint, this area could act as resistance, and the candle’s close near its low yesterday supports this view.
From a bullish perspective, the fundamental outlook may still provide upward momentum:
→ A joint press conference with Trump and Musk is scheduled for today;
→ In early June, Tesla is expected to begin testing its autonomous taxis.
So, while a continued uptrend is possible, a short-term correction would seem reasonable after TSLA’s nearly 27% surge throughout May.
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COOLING PCE – GOLD REBOUNDS ON EXPECTATIONS OF FED POLICY EASINGIf the upcoming PCE report shows that inflation continues to cool or comes in below expectations (e.g., core PCE under 0.2% m/m), this could reinforce market expectations that the Federal Reserve (Fed) may have room to begin cutting interest rates sooner—potentially as early as September instead of year-end.
This would weaken the US dollar and push down Treasury yields, both of which typically support gold prices, as the opportunity cost of holding non-yielding assets like gold decreases.
Short-term forecast:
Gold may rebound to the $3,330 – $3,340/oz range.
A breakout above the psychological resistance level of $3,345 could signal a medium-term uptrend.
Trading volume is likely to rise as ETF funds begin accumulating positions again.
Suggested strategy:
Buy XAUUSD around the 3310 – 3313 area
Stoploss: 3300
Take Profit 1: 3325
Take Profit 2: 3335
Take Profit 3: 3345
XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300
Throughout May, a turbulent news backdrop — involving both international trade tariffs and armed conflicts — led to the formation of a peak around $3,430 and a low near $3,130 on the XAU/USD chart. As of today, the price per ounce stands around $3,300 — roughly the same level as at the beginning of the month.
This suggests that supply and demand forces are largely balanced, keeping the price contained between these extremes. The XAU/USD chart provides further confirmation, emphasising the significance of the $3,300 level.
Technical Analysis of the XAU/USD Chart
From a bearish perspective: The A→B→C→D→E sequence forms lower highs and lower lows — a clear sign of a downtrend. This trajectory is marked in red, with the upper line acting as resistance.
From a bullish perspective: Since the beginning of 2025, the gold price has been moving in an uptrend,indicated by a blue channel, with its lower boundary serving as key support (highlighted with arrows).
Notably, these support and resistance lines are converging, forming a narrowing triangle — an indication that supply and demand are balancing, finding consensus around the $3,300 level, where the axis of the triangle lies.
Given this, it is reasonable to assume that in June, the gold price on the XAU/USD chart may continue to fluctuate within this triangle — unless an extraordinary event causes a significant shift in the current balance.
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