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Harmonic Patterns

WHY XAUUSD IS BULLISH ?? DETAILED TECHNICAL AND FUNDAMENTALSXAUUSD is currently showing strong signs of bullish continuation after completing a successful retest of the previous breakout zone near the $2,920–$2,950 region. Price action has respected this support beautifully and is now pushing back above $3,040, confirming the bullish structure. This retest and bounce pattern suggests that the market is preparing for a fresh leg higher, with my immediate target set at $3,100. The current structure is aligned with higher highs and higher lows, and momentum is shifting back in favor of buyers. Technically, the move is clean. The bullish impulse from February to late March created a strong upside leg, followed by a healthy correction into a well-defined demand zone. This demand zone held firm, and the current reaction is supported by increasing volume and bullish candlestick formation on the 12H chart. The inverse head-and-shoulders structure around $2,930 gives this setup even more weight, with a clear breakout above the neckline indicating potential continuation toward higher time frame targets. From a fundamental perspective, gold remains supported by ongoing geopolitical tensions, increased demand from central banks, and continued inflationary pressure globally. As the market anticipates this week's U.S. CPI data, investors are hedging against uncertainty, which is driving flows into safe-haven assets like gold. The recent pullback in the US dollar index and bond yields is also contributing to upside pressure on XAUUSD, further confirming the bullish outlook. With both the technical setup and macro drivers favoring upside, I'm looking for continuation toward $3,100 and potentially beyond in the short to mid-term. This area also aligns with the next psychological resistance and projected extension level. As long as price holds above $3,000, any dips should be viewed as fresh buying opportunities. This setup offers an excellent risk-reward ratio for traders looking to capitalize on gold’s ongoing bullish momentum.
FX:XAUUSDLong
by AndrewsMarket-Mastery
8
WTI Oil H4 | Heading into a pullback resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 59.51 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Stop loss is at 61.95 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance. Take profit is at 53.41 which is a support level that aligns with the 78.6% Fibonacci projection. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILShort
by Tradu
Gold H1 | Potential bullish bounceGold (XAU/USD) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 3,018.83 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 2,995.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement. Take profit is at 3,076.22 which is a pullback resistance that aligns close to the 127.2% Fibonacci extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:XAUUSDLong
by Tradu
USDCAD IS DRROPPING. DETAILED TECHNICAL AND FUNDAMENTALSUSDCAD is currently trading around 1.4200 after a clean retest of a previously broken support zone, which has now turned into a strong resistance level. Price action is confirming the bearish structure as we see a gradual yet consistent drop from the highs of 1.4540. With the rejection seen from the supply zone and recent lower high formation, momentum is shifting further in favor of the sellers. I am now targeting 1.3800 for the next key level, aligning with both technical confluence and fundamental sentiment. Technically, the structure is clear: we had a failed breakout above 1.4450, followed by a decisive bearish engulfing move. The market then completed a textbook retest at the 1.4340–1.4450 supply zone before resuming the downside move. The current formation on the 12H chart shows a lower low and lower high sequence intact, signaling a trend continuation to the downside. The highlighted zones also provide ideal reward-to-risk setups for continuation traders. From a fundamental perspective, the Canadian dollar is gaining strength due to rising oil prices, with WTI crude now climbing back above the $85 mark. This directly supports the loonie given Canada’s oil-export-driven economy. Meanwhile, US economic uncertainty around upcoming CPI data and shifting Fed rate cut expectations continue to weigh on the dollar’s upside momentum. Additionally, recent risk-on sentiment in global markets is pushing flows into commodity-linked currencies like CAD. With technicals and fundamentals aligning, I remain firmly bearish on USDCAD. As long as price remains below the 1.4340 resistance, I’m looking for continuation toward the major demand zone near 1.3830–1.3800. This setup offers a clean 1:3+ risk-to-reward profile, and I will be scaling in further on bearish confirmations as the market progresses.
Long
by AndrewsMarket-Mastery
Markets in Flux: EUR/USD Chart Hints at BreakoutGood morning Traders, Trust you are well. Below is my analysis of the current price action on EURUSD amidst the trade war. Overview EUR/USD is trading within a descending channel, showing signs of a potential bullish breakout. Price recently rejected the 1.08115 support zone with a strong wick, suggesting buyer interest. Globally, trade tensions are escalating—President Trump reintroduced 34% tariffs on China, with China responding in kind. The EU is also planning a 25% tariff on U.S. goods, sparking further risk-off sentiment. US hinting at further extending tariff on China to 50%. Idea This analysis suggests a buy-the-dip opportunity near 1.08115, with a likely breakout toward 1.10127 and beyond. Safe havens like CHF and JPY are gaining, reflecting rising risk aversion. Despite the short-term USD strength, prolonged trade wars could eventually weigh on the dollar. Conclusion EUR/USD is gearing up for a move. I will watch for a dip to support before a bullish push around 1.08115 and 1.07689. With trade wars heating up and risk sentiment dipping, commodities and currencies are about to get spicy. Do trade with caution. Cheers and Happy trading!
Short
by Samuel124
WHY EURUSD IS BULLISH ?? DETAILED ANALYSISEURUSD has officially broken out of a clean bullish pennant pattern on the 4H chart, confirming the bullish momentum that has been building over the past week. After a sharp rally, price consolidated within a contracting range, forming the classic pennant shape. With the breakout now confirmed and price currently trading at 1.106, I’m anticipating a continuation toward the projected target at 1.143 — offering a potential 300+ pip gain in this move. Technically, the breakout is supported by increasing bullish volume, strong impulse candles, and a clear structure of higher lows. The pennant served as a healthy consolidation zone, allowing buyers to regain control before the next leg up. Price has respected support at 1.096 and is now printing bullish continuation signals with momentum indicators pointing north. Fundamentally, today’s market sentiment favors EUR strength, especially as the US dollar comes under pressure due to rising expectations of Federal Reserve rate cuts later in the year. Inflation data in the eurozone remains sticky, supporting the ECB’s cautious stance on monetary easing. Meanwhile, weaker US labor market data and softening retail figures are weighing on dollar demand. With both technicals and fundamentals aligned, I’m expecting further upside on EURUSD. The structure is solid, the breakout is clean, and sentiment supports continued bullish flow. I’ll be holding my bias firmly bullish unless the price falls back below 1.096, which would invalidate the setup. For now, all eyes are on 1.120 short term and eventually 1.143 as the full pennant projection completes.
Long
by AndrewsMarket-Mastery
1
EURUSD: Are buyers reviving the trend ?Hello everyone, let’s talk about the EURUSD pair today! EUR/USD saw a slight bullish rebound on Wednesday, ending a 3-day losing streak and posting some late gains just before the broad “reciprocal” tariffs from the Trump administration took effect on April 9. Currently, EURUSD continues to extend above the 1.100 level. Accordingly, the recent upward momentum has been supported by the weakening of the USD after President Donald Trump announced new tariffs on imports from several countries, including a 20% tariff on the European Union. This sparked concerns over a global trade war, prompting investors to reduce USD holdings and seek alternative assets. Additionally, due to a shift in market sentiment, the increase in trade tensions and growing fears of a U.S. economic recession have driven investors to search for safer assets, including the euro. From a technical standpoint, buyers successfully broke out of the descending channel and completed a retest of the previous breakout, with the support level now firmly reinforced by the EMA 34 and 89 – acting as a strong launchpad for EURUSD to climb higher in a favorable environment.
Long
by Garygoldtrader
5
Gold: Economic Risks May Drive Prices UpGold Surges Amid Global Uncertainty, Testing Key Resistance Gold has continued its impressive rebound, climbing steadily from its recent trough at $2,957 to reclaim territory above the psychological $3,000 mark. This upward momentum is being driven by a confluence of macroeconomic factors, including a softening US dollar and a pause in the previously relentless climb of US Treasury yields. With markets recalibrating their expectations around interest rate cuts by the Federal Reserve, investor appetite for safe-haven assets like gold has gained renewed strength. At the heart of the current rally lies mounting geopolitical tension, particularly the intensifying trade standoff between the United States and China. Washington's proposal to impose 50% tariffs on a broad array of Chinese goods has rattled global markets. In response, Beijing is signaling potential retaliatory measures, further stoking fears of a prolonged economic conflict between the world's two largest economies. These developments are injecting volatility into risk assets and increasing demand for traditional hedges such as gold. From a technical standpoint, the precious metal is currently grappling with a significant resistance level near $3,013. If the price manages to consolidate above this threshold following the current retracement, it could pave the way for a continued upward drive toward the next resistance zones at $3,033 and $3,057. These levels represent key pivot points that could dictate the short- to medium-term trajectory of gold. On the downside, immediate support lies at $2,996, with stronger backing at $2,981. These levels may provide a cushion for any near-term pullbacks, especially as traders look for opportunities to re-enter the market during dips. The broader narrative remains highly fluid, shaped by the ever-changing dynamics of global trade policy and monetary strategy. As the tug-of-war between Washington and Beijing intensifies, markets are left navigating a highly politicized and uncertain environment. With neither side showing signs of capitulation—China maintaining its firm stance, and the US administration likely to resist backing down—the potential for further escalation remains high. In this context, gold’s appeal as a strategic asset grows stronger. The current setup suggests that the metal may gain additional bullish traction if it finds support around the 0.5 Fibonacci retracement level or holds above $3,013. Investors are keenly watching these technical and fundamental cues, weighing the growing economic risks that could propel gold into a sustained rally.
FX:XAUUSDLong
by lonelyPlayer0
GBP/USD sell H4 chart analysisThat’s a very well-structured breakdown— short setup on GBP/USD from 1.28000 down to 1.25500 and 1.22700 looks well thought out, especially in the context of a bearish trend. Here’s a concise technical reinforcement and a couple of things to tighten your plan: --- Trade Overview Pair: GBP/USD Position: Short Entry: 1.28000 TP1: 1.25500 TP2: 1.22700 Suggested SL: 1.28650–1.29000 (above recent swing high or resistance zone) --- Technical Breakdown 1. Price Action & Structure: 1.25500 has been a strong pivot zone historically—if it breaks cleanly, it could accelerate toward 1.22700. Look for signs of lower highs and lower lows on the H4 and Daily charts for continuation. 2. Moving Averages: A confirmed 50/200 MA death cross on H4 or Daily would give a strong bearish confirmation. Price staying below the 50 EMA also supports short bias. 3. RSI / Momentum: RSI < 50 = bearish. RSI near 30: caution for potential short-term bounces. Look for divergence as a clue for exhaustion. --- Key Events to Watch UK Data: Watch for GDP, Services PMI, and BoE tone. Dovish BoE could accelerate the drop. US Data: Strong NFP or CPI could boost USD strength and help push toward your TPs. --- Bonus Tip – Scaling: Consider partial profit at TP1 and adjust stop to breakeven for TP2. Or use a trailing stop once TP1 hits to lock in profits if the move accelerates.
Short
by JAMES_GOLD_MASTER_MQL5
Gold 3030 Directional WatershedGold 3030 Directional Watershed 4.9 Intraday Trading Strategy: Short Position: Short in the 3025-3030 range, strictly stop loss near 3037. Target: 2985-2990-2970-2950 below. Long Position: Long in the 2970-2980 range, strictly stop loss near 2955. Key Risk Control: 3030 Directional Watershed Technical Logic: The 4-hour chart shows that the 3020-3028 area forms a double top suppression, and yesterday's long upper shadow cross confirms the effectiveness of the resistance level. News: As the deadline for the United States to impose a 104% tariff on Dongda products approaches, the White House has made it clear that there is no exemption plan for the time being, and market concerns about the trade war dragging down global economic growth continue to heat up. At the same time, foreign investors holding a large amount of U.S. debt may sell bonds to fight tariffs, and the U.S. House of Representatives is pushing for tax cuts, which puts pressure on U.S. long-term debt. Although some safe-haven funds have flowed into the gold market, the intensity is constrained by liquidity pressure. As shown in the figure: the gold price forms a oscillating relationship in the range of 2955-3025. The latest news is that the United States has imposed a 104% tariff on China. This hour will be the biggest variable in the next few hours. Gold is currently in a mid-term adjustment stage. From a technical point of view, the market currently lacks stimulus to promote the conversion of strength and weakness, so a new round of market outbreaks may occur at this time point on Wednesday and Thursday. As shown in the figure: The four-hour cycle triangle converges and oscillates. Secondly, if you trade gold intraday with an oscillating mentality, you must be prepared to welcome a new round of sharp declines or surges at any time.
FX:XAUUSD
by Louisa00000
Effective Trading Strategies for New Game TokensNavigating the volatile waters of new game tokens requires a well-thought-out strategy. Day trading, swing trading, and position trading are popular approaches. Day traders capitalize on short-term price movements, while swing traders hold positions for days or weeks to capture larger trends. Position traders take a long-term view, focusing on fundamentals. For ZP, combining technical analysis with an understanding of game mechanics and community activity can yield optimal results.
GATEIO:ZPUSDTLong
by xiannvyou0
[_] ONENTRYONENTRY USDJPY- ONENTRY ' 2Fib Strategy ' Timeframe: 30 Minutes Session: London Pre-Market (00:00 - 06:30 +2GMT) Step 1: Identify the Overnight Range Mark the high and low of the price range between 00:00 - 06:30 (+2GMT). Wait for a clear breakout with a candle closing above (for longs) or below (for shorts) this range. Step 2: Apply Fibonacci Levels After the breakout, use the Fibonacci retracement tool: Anchor Point 1: Start at the close of the breakout candle. Anchor Point 2: Drag to the start of the impulse move (first candle of the range). Key level for entry: 0.5 and 0.35 retracement. Step 3: Trade Execution Entry: Enter on a pullback to 0.5 and 0.35 Fib level after the breakout. Stop Loss : Long trades: Below the low of the breakout candle wick Short trades: Above the high of the breakout candle wick Take Profit Targets: TP1: 1.0 Fib (1:1 risk-reward). TP2: 1.25 Fib extension. TP3: 1.6 FIB extension TP4: 2.3 Fib extension (runner position). Step 4: Trade Management Move SL to breakeven when price hits TP1.
Short
by ONENTRY
Heading into 61.8% Fibonacci resistance?EUR/JPY is rising towards the pivot and could drop to the 1st support. Pivot: 161.18 1st Support: 159.92 1st Resistance: 162.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish momentum to extend?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance which is a swing high resistance. Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets