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Harmonic Patterns

USOIL Today's Trading Strategy: Recently, oil prices have generally shown a narrow oscillating trend. In terms of influencing factors, on the one hand, uncertainties in global economic growth have made the outlook for oil demand unclear, putting some downward pressure on oil prices. For example, the slowdown in economic growth in some countries and insufficient factory capacity have reduced demand for crude oil. On the other hand, the production policies of the Organization of Petroleum Exporting Countries (OPEC) and its allies are also influencing oil prices. If they plan to increase production, the supply of crude oil in the market will rise, and prices may fall. USOIL Today's Trading Strategy: USOIL SELL@62.0~62.5 SL:63 TP:61~60
TVC:USOILShort
by AndyHopkins
Bullish bounce off overlap support?USD/JPY is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 142.12 Why we like it: There is an overlap support level. Stop loss: 140.16 Why we like it: There is a pullback support level that is slightly above the 145% Fibonacci extension. Take profit: 144.58 Why we lik eit: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
EURAUD 3MONTHS CHARTEUR/AUD Bond Yield, Interest Rate Differential, and Carry Trade Analysis (May 25–30, 2025) Current 10-Year Bond Yields Australia 10-Year Bond Yield: 4.48% (as of May 19–21, 2025) , rising slightly due to RBA rate cuts and global uncertainty. Eurozone 10-Year Bond Yield: 3.17% (as of May 23, 2025) , reflecting moderate inflation and cautious ECB policy. Interest Rate Differential (IRD) The yield spread between Australian and Eurozone 10-year bonds is:4.48(AUD−3.17(EUR)=+1.31% 4.48% (AUD)−3.17% (EUR)=+1.31% This differential favors the Australian dollar, creating a carry trade opportunity. Carry Trade Advantage Investors can borrow EUR at lower Eurozone rates and invest in higher-yielding AUD assets, earning the 1.31% yield spread as profit. The strategy is supported by Australia’s elevated bond yields despite recent RBA rate cuts, driven by global demand for commodity-linked currencies and resilient growth. Key Economic Data (May 25–30, 2025) Date Region Event Impact on Yields May 25 AUD RBA Meeting Minutes Neutral (rate cut already priced in) May 28 EUR Eurozone GDP Growth (Q1) Potential downside risk to EUR yields if growth disappoints May 29 AUD Australia Private Capital Expenditure Could support AUD yields if spending rises Summary Table Metric Australia (AUD) Eurozone (EUR) 10-Year Bond Yield 4.48% 3.17% Interest Rate Differential +1.31% (AUD over EUR) — Carry Trade Appeal Favorable for long AUD/EUR — Conclusion The 1.31% yield advantage for AUD over EUR supports a long AUD/EUR carry trade strategy. However, traders should monitor: RBA policy: Further rate cuts could narrow the yield spread. Eurozone growth data: Weak GDP figures may pressure EUR yields lower, widening the differential. Commodity prices: AUD remains sensitive to iron ore and coal price fluctuations. While the carry trade offers potential gains, volatility from macroeconomic data and shifts in risk sentiment could impact returns. #EURAUD #AUDEUR
by Shavyfxhub
2025.05.18 BITCOIN Short-term long positionWe are the SeoVereign Trading Team. With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum. 🔔 Follow us to never miss a market update. 📈 Bitcoin (BTC) Long Position Outlook Currently, Bitcoin has confirmed support after two valid Bat patterns played out. From an Elliott Wave perspective, the market is in a consolidation phase, and it’s unclear whether the next move will be an impulse or a corrective wave. However, what’s important is that the next wave is very likely to be bullish. So regardless of its type, this is a zone to consider a long position. One important point to emphasize: Do not try to predict the distant future with Elliott Wave or Harmonic patterns. These tools are excellent for identifying short-term direction and entries, and our accuracy over time has proven this. Instead of drawing overly extended scenarios, focus on high-probability short-term setups and place your bets accordingly. For this reason, I’m presenting a long position at the current level. 🎯 Target Levels 1st Target: 103341 2nd Target: 103569 3rd Target: 103793 Adapt to the market structure, and place strong bets only on what’s predictable. 📊 Strategic Implications of Rising Bitcoin Dominance Recently, Bitcoin dominance has been rising significantly. This indicates that Bitcoin's upward momentum is currently the leading force in the overall market. During such periods, many novice investors tend to accumulate altcoins instead. They expect similar gains from altcoins as they see in Bitcoin, and often bet on relatively "cheaper" assets. However, in reality, this is precisely the time to buy more Bitcoin aggressively. There’s always a reason why certain assets fail to rise. If a coin doesn't move even when the broader market is going up, it should be interpreted as a lack of relative potential. ✅ In conclusion, In a dominance environment like this, a Bitcoin-centered portfolio is a more rational strategy than focusing on altcoins. Staying aligned with Bitcoin’s trend is the smarter approach to increase the probability of profit.
Long
by SeoVereign
1
Potential bearish drop?USD/CAD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.3781 Why we like it: There is a pullback resistance. Stop loss: 1.3893 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Take profit: 1.3629 Why we like it: There is a support level that lines up with the 145% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Today's gold trading strategy, I hope it will be helpful to youGiven the current market conditions, it’s not advisable to chase the upward trend and buy now, as it may be too late. Instead, wait for the gold price to rise and attempt a short-term short trade when it rebounds to a resistance level. Specifically, consider shorting when the price rebounds to around 3,350. Set a stop-loss at 3,360 to prevent excessive losses from misjudgments, with a target price near 3,320. Today's gold trading strategy, I hope it will be helpful to you XAUUSD SELL@3350~3355 SL:3360 TP:3320~3310
FOREXCOM:XAUUSDShort
by AndyHopkins
Bearish reversal off pullback resistance?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.1429 Why we like it: There is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.1572 Why we like it: There is a pullback resistance level that is slightly above the 100% Fibonacci projection. Take profit: 1.1267 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
DOGE Rejected at Key Supply! Is the Hype Over or Just a Dip Dogeusd ( CRYPTOCAP:DOGE ) just got rejected at the major $0.249 supply zone and is now heading lower on weakening momentum. After the strong May rally, bulls are losing steam—and a deeper retracement could be brewing! 4H Chart – COINBASE What’s Happening? Price touched a high-volume supply zone at $0.249 and was sharply rejected. Bearish divergence and weakening follow-through on recent rallies. Currently sitting near $0.22, but downside pressure is building fast. Key Levels to Watch: Resistance: $0.249 – Previous rejection point and supply cluster. Support 1: $0.195 – Prior breakout level (could offer temporary bounce). Support 2: $0.140 – Strong demand zone and previous consolidation floor. Bearish Outlook: If $0.22 breaks, expect quick moves to $0.195, and possibly $0.14 if fear kicks in. U.S. economic data in the coming days (icons near early June) could cause surprise volatility. Bullish Scenario? Bulls need to reclaim $0.249 with strong volume to invalidate this rejection. A clean breakout here could target $0.28–$0.30 next, but odds are fading unless momentum returns fast. Trade Setups: Scalp Short: Re-entry on rejection wicks near $0.24–$0.245. Swing Short: Confirmation below $0.22 with targets at $0.195 / $0.14. Long Watch: Look for signs of absorption and reversal at $0.14–$0.15. DOGE is back on the radar—but are we flying to the moon or crashing into orbit? Let me know your position below! Holding, shorting, or waiting for the dip? #Dogecoin #DOGEUSD #Altcoins #CryptoTrading #SupplyDemand #TechnicalAnalysis #Crypto #TradingView #MemeCoin #ElonTrades
COINBASE:DOGEUSDShort
by FrankFx14
ETH at Critical Supply Zone! Will the Bulls Hold or Dump to $180Ethereum is consolidating just below the key supply zone at $2,670, and this range is heating up fast! After the sharp rally earlier in May, ETH is showing clear exhaustion signs right where supply is thickest. Chart Context (1H Timeframe - Coinbase): Price is trapped below the $2,671.27 resistance, inside a visible supply zone (highlighted in blue). Multiple lower highs forming, with momentum fading on each attempt to break higher. Downside liquidity targets marked with red arrows show potential price magnets if we break structure. Key Levels to Watch: Immediate Resistance: $2,670 – Supply-heavy zone. Local Support: $2,245 – If this cracks, watch for increased bearish pressure. Bear Targets: $1,822 – March consolidation demand zone. $1,622 – Strong historical demand, previous breakout base. Market Outlook: If bulls fail to reclaim $2,670, a swift move toward $2,245 then $1,822 is very likely. Heavy U.S. economic calendar ahead (see icons near May 27–29), which could trigger volatility. What to Watch For: Breakout & reclaim above $2,670 = bull continuation to $2,800+ Breakdown below $2,245 = high-probability short setup Volume and candle structure near the top showing signs of distribution Strategy Suggestions: Scalpers: Short rejections near $2,670 with stops above the zone. Swing Traders: Wait for a breakdown confirmation below $2,245. Buyers: Watch the $1,822–$1,622 demand zone for potential long entries. Let’s discuss in the comments: Do you expect a bullish breakout or a rug pull from here? #Ethereum #ETHUSD #Crypto #PriceAction #SupplyDemand #ETHBulls #ETHBears #TechnicalAnalysis #TradingView #SwingTrading
COINBASE:ETHUSDShort
by FrankFx14
1
BTC Breakdown Coming? Supply Zone Rejection + Bearish Signs Bitcoin is currently facing strong rejection from the $110K supply zone marked by high-volume trading (highlighted in blue). After reaching a local top around $110K, price has pulled back to test the $107.5K support, but the structure shows early signs of weakness. Key Levels to Watch: Resistance Zone: $109K–$110K (Major supply area) Immediate Support: $107,543 – If this breaks, expect downside momentum. Target 1: $93,121 – Mid-range structure support (March-April consolidation zone) Target 2: $76,412 – Major demand zone from March lows (marked in orange) Bearish Signals: Price rejected from a high-volume node at resistance. Candle structure forming potential lower highs on smaller timeframes. Two clean imbalance zones below price—liquidity targets for larger players. Strong bearish divergence forming on momentum indicators (not shown here). Possible Scenario: If BTC fails to reclaim $110K soon, we could see a 3-leg corrective structure heading into early June. Watch for a break and close below $107.5K to confirm further downside. Upcoming Volatility Triggers: US economic data (seen in the calendar icons) Potential reaction around mid-June FOMC/Interest rate decisions What to Do Now? Scalpers: Watch $107.5K closely. Breakdown = short opportunity to $93K. Swing Traders: Wait for breakdown confirmation or watch for a fakeout/reclaim at $107.5K. Long-term Bulls: $76K–$78K could be a high-probability re-entry zone if we dip. Let me know in the comments: Are you buying the dip or waiting for a breakdown? #Bitcoin #BTCUSD #CryptoTrading #SupplyDemand #PriceAction #TradingView #CryptoAnalysis #Bearish #BTCUpdate #SwingTrade
BITSTAMP:BTCUSDShort
by FrankFx14
Bearish reversal?WTI Oil (WTI/USD) is rising towards the pivot and could reverse to the 1st support, which is a pullback support. Pivot: 65.18 1st Support: 55.69 1st Resistance: 71.43 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.
ICMARKETS:XTIUSDShort
by ICmarkets
Bullish bounce?The Loonie (USD/CAD) is falling towards the pivot that aligns with the 161.8% Fibonacci extension and could bounce to the 1st resistance, which has been identified as an overlap resistance. Pivot: 1.3604 1st Support: 1.3441 1st Resistance: 1.3953 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
Bullish bounce off pullback support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 0.8079 1st Support: 0.7803 1st Resistance: 0.8462 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
Falling towards pullback support?USD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 140.70 1st Support: 137.16 1st Resistance: 145.54 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
Heading into Fibonacci confluence?The Cable (GBP/USD) is rising towards the pivot and could reverse to the 1st support, which acts as a pullback support. Pivot: 1.3640 1st Support: 1.3459 1st Resistance: 1.3747 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
Could the Fiber reverse from here?The price is rising towards the pivot, which lines up with the 127.2% Fibonacci extension and could reverse to the 1st support. Pivot: 1.1690 1st Support: 1.1058 1st Resistance: 1.1910 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 bounce off overlap resistance?The US Dollar Index (DXY) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 97.78 1st Support: 95.22 1st Resistance: 101.81 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.
TVC:DXYLong
by ICmarkets
Bullish bounce?The Bitcoin (BTC/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 105,255.25 1st Support: 101,983.62 1st Resistance: 111,758.60 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.
ICMARKETS:BTCUSDLong
by ICmarkets
1
Gold is expected to continue to rise!Gold surged 4.85% last week, closing in on the critical $3,500 resistance zone, as the U.S. Dollar came under intense pressure. Key catalysts include: Moody’s Downgrade of U.S. credit outlook, driving the DXY below 100.00 Mounting concerns over fiscal stability as the $3.8 trillion tax bill advances to the Senate Long-dated Treasury yields topped 5%, signalling investor anxiety Rising geopolitical tensions, particularly in the Middle East (Israel–Iran risks), fuelling safe-haven demand Anticipation of a dovish shift from the Fed, with this week’s FOMC minutes (Wed) and Core PCE print (Fri) likely to influence USD direction and risk sentiment These macro conditions reinforce the bullish case for gold, providing fundamental alignment with the current technical setup. Technical Analysis (Elliott Wave Framework) Gold appears to be forming a classic 5-wave impulsive structure. Current price action suggests we are in or near the end of Wave 1, which should pullback into a key Fibonacci retracement zone (50–61.8%). Wave 1: Completed – sharp rally from previous support Wave 2: Ongoing – corrective pullback into Fib zone Wave 3: Anticipated next move – typically the strongest impulsive leg Market Structure Observations: Price respecting higher timeframe support Momentum indicators beginning to stabilise No sign of deeper invalidation yet Trade Plan Entry Strategy Aggressive Entry: Enter on a clear bounce from the Fibonacci zone (~61.8% retracement), with a strong bullish candle or momentum signal Conservative Entry: Wait for a break above the Wave 1 high to confirm trend continuation into Wave 3 Stop Loss Below the Wave 2 low / structural invalidation level Take Profit Levels TP1: $3,500 (recent high and resistance) TP2: $3,750 (projected Wave 3 target based on 1.618 Fib extension of Wave 1)
ICMARKETS:XAUUSDLong
by MR-shahc
1