"Gold (XAU/USD) Breaks Key Support – short term targetsThe 1-hour chart for XAU/USD shows a potential bearish setup with a recent breakout below a key support level. The price is currently hovering around 2,857, with a strong downward move anticipated if the breakdown sustains. The marked "Breakout Below" indicates a possible continuation toward the first target around 2,850, and if further selling pressure persists, the second target near 2,835 may be reached.
The previous bullish structure saw multiple breakouts and changes in character (ChoCh), but the current price action suggests a shift in momentum. If price fails to reclaim previous levels, a deeper correction could be in play.
Jpy
DXY Rejection at Key Resistance – Potential Drop AheadThis chart of the U.S. Dollar Index (DXY) on the 4-hour timeframe shows a strong rejection from the highlighted resistance zone around 109.800–110.000.
Key Observations:
- Rejection at Resistance: Price attempted to break above but faced strong selling pressure, leading to a rejection.
- Possible Downtrend Formation:** The price could now move lower, targeting the 1st target zone (~109.100–109.136) and potentially the **2nd target zone (~107.500–107.480)** if the bearish momentum continues.
- Break of Structure (BoS) & Change of Character (ChoCh): The previous market structure shifts indicate potential reversals, supporting the idea of a bearish move.
Conclusion:
A pullback from resistance suggests a possible downside move. If price fails to reclaim the resistance zone, a sell-off towards the marked targets seems likely. Watch for confirmation near the 1st target to assess continuation or reversal.
Gold (XAUUSD) Bullish Continuation with Key Targets This chart shows a bullish trend for gold (XAUUSD) on the 1-hour timeframe, with price respecting an upward trendline and staying above key moving averages. A possible buy zone is identified near the trendline support, suggesting potential continuation to the upside.
The first target is set around 2,880, while the second target extends to 2,901. The structure indicates break-of-structure (BOS) and change-of-character (ChoCh) points, confirming bullish momentum. If price holds above the buy zone, further upside movement toward the targets is likely. A break below the trendline could signal a short-term cor OANDA:XAUUSD rection.
Bullish bounce?USD/JPY is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 151.91
1st Support: 151.04
1st Resistance: 153.74
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.
Potential rebound from support?USD/JPY is falling towards the support level which is an overlap support that is slightly below the 71% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 151.88
Why we like it:
There is an overlap support level that is slightly below the 71% Fibonacci retracement.
Stop loss: 150.93
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
Take profit: 153.24
Why we like it:
There is a pullback resistance level.
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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.
Setup #004 - CADJPY - LongWaiting for order fill. Must come between 10am-12:30pm ET today.
Confluences:
✅ Bullish overall bias
✅ Bulllish demand zone
✅ Bullish crab on 15 min chart, bullish impulse crab on H4
✅ Bullish divergence in price reversal zone
✅ Buillish break of structure
✅ Entering London close zone
✅ Break of structure confirmed
✅ Required risk:reward met
GBPJPY Is Nearing An Important Resistance With The Trend!!Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 192.500 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 192.500 support and resistance area.
Trade safe, Joe.
The monthly chart of XAU/USD (Gold Spot) reveals a long-termThis is a monthly chart of XAU/USD (Gold Spot), displaying a long-term ascending channel.
Key Observations: 1. Price is at the channel's upper boundary, around $2,874.
2. Potential resistance at around $3,202, indicated by an upward arrow.
3. Previous price activity indicates respect for channel boundaries**, implying that a pullback from resistance is possible.
4. Support zones** range from $2,767 to $2,861, with a substantial lower trendline support between $2,099 to $1,911.
Possible scenarios: - If trend continues, gold may reach $3,200 before correction.
- A rejection from the upper channel might result in a retracement to $2,767-$2,861.
Breakout above $3,200 may indicate a strong bullish trend.
monthly chart of XAU/USD (Gold Spot) showing a long-term This is a monthly chart of XAU/USD (Gold Spot) showing a long-term ascending channel.
Key Observations:
1. Price is near the upper boundary of the channel, around $2,874
2. Potential resistance at approximately $3,202, marked with an upward arrow.
3. Previous price action shows respect for channel boundaries**, meaning a pullback from resistance is possible.
4. Support zones** lie around $2,767–$2,861, while a major lower trendline support is near $2,099–$1,911.
Possible Scenarios:
- If momentum continues, gold may test $3,200 before seeing a correction.
- A rejection from the upper channel could trigger a retracement towards $2,767–$2,861.
- Breakout above $3,200 could signal a strong bullish continuation.
USDJPY - Support Becomes ResistanceHello Traders !
On Friday 10 January, The USDJPY reached the resistance level (158.874 - 160.209).
Currently, The support level (155.948 - 156.364) is broken🔥
This key level becomes a new resistance level !
So, I expect a bearish move📉
_______________
TARGET: 153.550🎯
USD/JPY: Dips below 154 have been short livedThis is a quick and simple setup based around the assumption that support will continue to hold for USD/JPY.
The market found support at a high-volume node (HVN) last week. And each time the market has either tested or traded beneath the 154 handle, it has been accompanied by heavier volumes and a subsequent move higher. This suggests bears have been burned trying to short at the cycle lows and then forced to capitulate.
Given we're in the Asian session with no top-tier calendar events, and for now at least Trump's tariff headlines are in the rear-view mirror, we're looking for another bounce from / false break of the 154 handle.
As this is simply a mean-reversion setup, we're not looking for a home run.
Matt Simpson, Market Analyst at City Index and Forex.com
USDJPY Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.900 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.900 support and resistance area.
Trade safe, Joe.
GBPJPY Triangle pushing higher.GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom.
A crossing over the MA200 (4h) confirms the bullish extension.
The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 196.900 (0.786 Fib).
Tips:
1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave.
Please like, follow and comment!!
Bullish rise?NZD/JPY is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 86.92
Why we like it:
There is a pullback support level.
Stop loss: 86.17
Why we like it:
There is a pullback support level.
Take profit: 87.83
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% 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.
Gold Approaches Channel Resistance with Potential PullbackGold is currently trading within an ascending channel on the one-hour chart, approaching the upper boundary near 2840. The price has shown strong bullish momentum, but the marked resistance zone suggests a potential pullback. A rejection from the upper boundary could lead to a retest of the highlighted support area around 2820. If this support holds, the bullish trend may continue, but a break below could indicate further downside movement.
BTC/USD Short-Term Rebound: Testing Key Resistance AheadThis BTC/USD chart (2-hour timeframe) shows a descending triangle pattern with a strong resistance trendline.
Key Observations:
1. Price Rejection & Support:
- BTC recently bounced from a support level around 93,747 and surged back above 97,952.
- This suggests a potential short-term recovery.
2. Potential Upside Target:
- The chart highlights a **resistance zone around 102,500–104,049, which aligns with the descending trendline.
- A move toward this level is likely if the current momentum continues.
3. Breakout or Rejection?
- If BTC breaks 104,049 with strong volume, it could challenge 108,411.
- Failure to break resistance could lead to another drop toward 93,747 or lower.
Strategy Consideration
- Short-term traders: Watch for a retest of 102,500–104,049 before deciding on a breakout trade or shorting the rejection.
- Long-term perspective: If BTC holds above 93,747, bullish momentum might strengthen.
"Gold Price Breaks Key Support: Potential Downside Ahead"This chart shows a potential bearish setup for gold, with a breakout below a key level. The price recently failed to sustain its move above a resistance zone and has started declining. The structure indicates a shift in momentum, with a possible move toward the lower trendline of the ascending channel. Key downside targets include the areas around 2799 and 2764, with stronger support near 2742. If the price remains below the broken level, further downside movement is likely. OANDA:XAUUSD
WEEKLY RECAP - Week 1, 2025The most important thing to reflect on each week is NOT your profit and loss balance.
Instead, reflect on these three questions:
- Did I follow my core habits for success?
- Am I ready to let my attachments from last week go?
- Am I focusing on this current moment, or a destination I'm trying to reach?
I won't put a whole lot of words here. It's all in the video, but here are the three setups from last week, and here is my notion journal so you can follow along.
USDJPY
EURUSD
EURUSD
Notion Journal
Enjoy the ride,
-Gio
Bullish rise?EUR/JPY has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 159.37
1st Support: 157.99
1st Resistance: 161.51
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.
Overlap resistance ahead?AUD/JPY is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 96.78
1st Support: 95.52
1st Resistance: 97.49
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.
Potential bullish rise?NZD/JPY has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 86.75
1st Support: 85.88
1st Resistance: 88.15
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.