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Tariffs heat up again, gold recovers✍️ NOVA hello everyone, Let's comment on gold price next week from 05/26/2025 - 05/30/2025 🔥 World situation: Gold resumed its upward momentum on Friday, surging nearly 2% on the day and over 5% for the week, as the US Dollar weakened amid renewed trade tensions. The yellow metal climbed to $3,359, rebounding from an intraday low of $3,287, as escalating rhetoric from Washington fueled investor demand for safe-haven assets. US President Donald Trump intensified the trade standoff with the European Union, declaring that talks were “going nowhere” and threatening to impose 50% tariffs on EU imports starting June 1. Adding to the pressure, US Treasury Secretary Scott Bessent remarked that the EU’s trade proposals have fallen short compared to offers from other key partners. Mounting concerns over US fiscal policy and an increasingly strained global trade environment continue to bolster gold’s appeal. 🔥 Identify: Tariff news is starting to heat up again, the US and other countries around the world have not reached a consensus on negotiations, gold prices benefit from the increase. The large time frame shows that prices are breaking out and continuing the upward trend. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $3412, $3436 Support: $3315, $3280, $3245 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
1
Smells Like a Trend ReversalWeekly Recap – Gold Market Monday, May 12, 2025 The week began with a sharp GAP during the Asian session (starting around 1:00 AM London / 8:00 PM New York on Sunday) : Gold dropped abruptly by $60, from $3,325 to $3,266. The catalyst was a temporary easing of trade tensions between the U.S. and China, following weekend negotiations that led to a 90-day tariff pause. During the European session (starting at 8:00 AM London / 3:00 AM New York) , the downtrend continued, pushing the price further down to $3,207. Tuesday–Wednesday, May 13–14 Between these two sessions, the price consolidated within a narrow range of $3,265 to $3,202 (63 $ range). Despite better-than-expected U.S. inflation data, there was no significant breakout—the market remained indecisive. Wednesday, May 14 – European Session The price continued its descent, falling from $3,243 to $3,168—a $75 drop—indicating persistent downward pressure despite macroeconomic stability. Thursday, May 15 The Asian session (1:00 AM London / 8:00 PM New York) began quietly, with a range between $3,168 and $3,192. Then a sharp drop to $3,123 followed (down $71), triggered by new statements from President Trump, who announced potential trade deals with India, Japan, and South Korea. In the European session (8:00 AM London / 3:00 AM New York) , a strong reversal occurred. After failed peace negotiations between Russia and Ukraine in Istanbul, and due to growing geopolitical uncertainty plus a weakening dollar, gold surged by $132, from $3,120 to $3,252. Friday, May 16 The Asian session opened slightly bearish, with gold dipping from $3,252 to $3,218. However, bullish momentum returned during the European and U.S. sessions, continuing Thursday’s upward trend and adding $51 by day’s end. 📰 Geopolitical News Landscape India / Pakistan Since the Kashmir terror attack on May 9, 2025, tensions have escalated again. Cross-border airstrikes and border closures have resumed. A fragile ceasefire, brokered by the U.S., is under pressure. Disputes over water rights further strain relations. ➡️ Short-term outlook: high tension remains. Gaza Conflict On May 9, Israel launched Operation Gideon’s Chariot against Hamas, aiming to dismantle the group and rescue hostages. Over 300 deaths have been reported. A leaked plan suggests Gaza will be divided into three heavily controlled zones. The humanitarian situation is catastrophic (over 53,000 deaths since 2023). Peace talks are underway in Doha, but the situation remains dire. ➡️ No relief in sight. Russia / Ukraine Direct talks were held in Istanbul for the first time in three years. While a prisoner exchange (1,000 each side) took place, no substantial progress was achieved. Russia demands Ukrainian troop withdrawals from contested areas—Kyiv refuses. Simultaneously, Russian attacks intensified, including drone strikes on Sumy. ➡️ A ceasefire remains unlikely in the near term. U.S.–China Trade War A 90-day tariff pause was announced the weekend before May 12: U.S. tariffs cut from 145% to 30% Chinese tariffs reduced from 125% to 10% Markets reacted positively at first—especially in retail and shipping sectors. ➡️ However, unresolved structural issues (e.g., tech transfers, export controls) keep tensions fragile. No comprehensive deal is in sight. ⚖️ Trump vs. Powell Tensions escalate between President Trump and Fed Chair Jerome Powell: - Trump demands aggressive rate cuts - Powell warns of inflation risks - The Fed holds the interest rate steady at 4.25–4.5% - A 10% staff reduction is planned at the Fed for “efficiency” ➡️ The growing political interference is increasing market instability. 📉 U.S. Inflation – April 2025 The official inflation rate dropped to 2.3%, the lowest since February 2021. However, consumer inflation expectations soared to 7.3%, the highest since 1981. The University of Michigan Consumer Sentiment Index fell to 50.8—a historic low. ➡️ A clear gap between perception and data is emerging. 📊 Technical Analysis – Short-Term Since May 12, an open GAP exists between $3,289 and $3,325 (36 $ range) A V-shaped reversal formed from the low on May 15 ($3,120) to the Friday close ($3,204) Symmetrical triangle formation suggests a convergence around $3,284 (possible by Tuesday) ➡️ Current trading range: $3,172 to $3,285 (113 $ range) 💡 Outlook for Monday, May 19 Time-Zone-Based Expectations: Asia session (starting 1:00 AM London / 8:00 PM New York Sunday): 👉 Potential retest of $3,154 Europe session (8:00 AM London / 3:00 AM New York): 👉 Bullish outlook toward $3,234 U.S. session (2:30 PM London / 9:30 AM New York): 👉 Possible continuation of bullish move — open-ended potential 📌 Trade Setup – Monday 8:00 AM (London) / 3:00 AM (New York) If price is below $3,154 → I stay flat and wait for clear signals If price is above $3,172 → I consider a long position, unless conflicting news emerges 🎯 Weekly Target My goal for the week is $3,348, provided the U.S. Dollar Index (DXY) holds near the 100-point level. 🧠 Conclusion I am increasingly convinced that news-driven trading delivers the best results—if one can properly interpret the signals. 🔢 Fibonacci Levels 1h chart: low $3,131 → high $3,500 (April 22) Levels: 0.315, 0.382, 0.5 1h chart: low $3,131 → high $3,435 (May 6) Levels: 0.315, 0.382, 0.5 1h chart: low $3,131 → high $3,252 (May 16) Levels: 0.315, 0.382, 0.5 ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! 🚀📊
OANDA:XAUUSDLong
by Wick-Sniper
1
Moving in the uptrend, bulls dominate⭐️GOLDEN INFORMATION: Gold prices slipped by approximately 0.48% on Thursday, retreating from a two-week peak of $3,345 and falling below the key $3,300 level. The decline was driven by renewed strength in the US Dollar, even as Treasury yields pulled back from their intraday highs. The pressure on the yellow metal intensified after the US House of Representatives passed President Trump’s budget proposal, which now heads to the Senate for final approval. At the time of writing, XAU/USD is trading at $3,289, marking a 0.83% daily loss. While sentiment in the broader market has seen a modest rebound, it remains fragile following Moody’s recent downgrade of US sovereign debt. The fiscal package approved by the House is expected to raise the national debt ceiling by a staggering $4 trillion, amplifying concerns over long-term fiscal sustainability. ⭐️Personal comments NOVA: Gold price is still moving in the H1 uptrend line, buying power is still quite strong. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3344- 3346 SL 3351 TP1: $3335 TP2: $3322 TP3: $3307 🔥BUY GOLD zone: $3248- $3246 SL $3241 TP1: $3258 TP2: $3270 TP3: $3280 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
9
ETH — Bull Flag or Trap? Trade Plan with TargetsETH is setting the stage for its next major move — and the chart is packed with clues. After completing Wave 3 at $2738.50, ETH has entered a corrective phase, forming what looks like a bullish flag. But beneath the surface, smart money levels are aligning: VWAP, Fibs, key levels, and liquidity traps are all converging around one high-probability zone. This analysis breaks down both the long and short setups, backed by real confluence and clean R:R opportunities. Whether you’re planning to snipe the reversal near support or fade the rally at resistance, you’ll walk away with a clear trade plan and deeper insight into how price reacts at precision levels. Let’s get into it. 🟢 Bullish Scenario: Long Setup with Deep Confluence After a fakeout pump into the golden pocket of this minor downtrend (typical for a Sunday), ETH rejected cleanly at the upper resistance of the bull flag channel. We're now watching for the swing low at $2406.63 to be swept, setting up a potential SFP (Swing Failure Pattern) at a highly confluent support zone: 🔍 Confluence at the $2390–$2360 Zone: Anchored VWAP from the Wave 3 origin at $1752 is sitting at $2390 Trend-Based Fib Extension 1:1 of the correction lands at $2386.84 Liquidity pool just under the recent swing low 0.382 Fib retracement of the entire Wave 3 at $2361.66 0.618 Fib Speed Resistance Fan intersects this zone Lower bull flag support line also aligns This makes the $2390–$2362 zone a high-probability bounce area. 📌 Plan: Laddered long entries between $2390–$2362, watching closely for a clean SFP or reversal signal. Target 1: $3000 psychological level Target 2: 0.618 Fib retracement at $3067.71 (potential Wave 5 top) Stop-loss: Below previous yearly open (can be tightened after confirmation) R:R: 1:5 or better after SL adjustment 🔴 Bearish Scenario: Short Setup at Key Rejection Zone If ETH makes a move up to complete the 5th wave, we monitor $3067.71 — the 0.618 retracement of the entire corrective leg — as a key resistance. If price rejects here with momentum loss or bearish structure: 📌 Plan: Short on confirmed rejection of $3067.71 Stop-loss: Above $3211 (above 0.666 Fib) Target: Previous high near $2700 or lower R:R: 1:2 or better depending on entry and structure 🧠 Educational Insight: Why Confluence Increases Probability Many traders chase setups based on single indicators. Real edge comes from stacking independent tools: VWAPs, Fibs, FVGs etc... When they align, the setup isn’t random — it’s high conviction. This strategy gives you a framework to anticipate where price is likely to move and why, rather than reacting emotionally. Patience and preparation will always outperform panic and reaction. Trade the plan — not the impulse. ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
20
HBAR Masterclass: Fib Precision + ConfluenceHBAR has been a dream to chart lately — beautifully technical, clean reactions, and a strong respect for structure. When a chart follows fibs this precisely, charting becomes fun — like solving a puzzle that pays. You stop forcing trades and start enjoying the process. Let’s break down where the next high-probability trade setup lies — and why. Elliott Wave Context HBAR recently completed a 5-wave impulse structure and is now unfolding a ABC correction: ✅ Wave A: Broke below Wave 4's low ✅ Wave B: Rejected cleanly at the 0.618 retracement of Wave A 🔄 Wave C: Currently unfolding, with price structure hinting at a Head & Shoulders forming to the downside Interestingly, HBAR has been bouncing between golden ratios like a Fibonacci pinball machine. — reinforcing how well this asset respects technical structure. 🟢 Long Opportunity: The Golden Pocket Zone By pulling Fibonacci retracement from the entire 5-wave leg (from $0.16941 to $0.22885), we uncover the golden pocket: 0.618 Fib → $0.19212 0.666 Fib → $0.18926 But what really strengthens this zone is the confluence: 📍 21-Day EMA → $0.19361 📍 21-Day SMA → $0.19229 📍 Anchored VWAP from the $0.15396 low → ~$0.19135 📍 4/1 Gann Fan support (if reached between May 15–17) Together, they form a tight support band between: 🎯 $0.195 – $0.18926 📐 How We Projected the 1.618 Target Here’s where the magic of planning comes in. If Wave C finishes within this golden pocket, we can anticipate the next move by applying a trend-based Fibonacci extension. This gives us a realistic projection for the next impulsive move: 📈 1.618 extension lands at → $0.28654 This level also aligns with the yearly level and previous key high — forming an ideal final target 📘 Educational Insight: Why Golden Pockets Matter In trading, the “golden pocket” — the 0.618-0.666 Fibonacci retracement zone — is often where high-probability reversals take place. It’s a zone where buyers (or sellers) return with conviction after a correction. When this area also aligns with EMAs, anchored VWAPs, Gann levels etc. and previous structure, it becomes more than just a level — it becomes a decision zone. This is where confluence transforms a trade idea into a trade setup. 🟢 Long Trade Setup: Entry: Laddered between $0.195 – $0.18926 Stop-Loss: Below $0.185 Take-Profit: $0.28654 R:R: ~10:1 Potential Gain: ~+50% 🔴 Short Setup (If Rejected at Extension): If price hits $0.28654 and shows exhaustion or bearish reversal patterns (SFP, engulfing candle, volume spike), a short could be considered: Entry: ~$0.286 Stop-Loss: $0.2967 (better above $0.3) Target: $0.2622 R:R: ~2:1 HBAR is giving us a textbook case of structure, rhythm, and precision. Whether it’s the golden pocket, the 1.618 extension, or the alignment of multiple tools — this is how clean setups are built. Set your alerts. Trust the plan. Let the chart come to you. In trading, silence is a skill — knowing when not to act is as powerful as knowing when to strike. ____________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
37
NEAR’s Pullback Zone Found — Is $4 Next?NEAR just pulled off a +50% rally from the 0.618 Fibonacci retracement at $2.224 — a strong show of force from the bulls. After that explosive move, price is now cooling off in a consolidation phase, preparing for the next leg higher. 🟢 Long Setup — Dip Before Lift? The next high-probability long zone lies between: $3.026 – $2.94 Possible but less likely of a deeper dip to $2.78 (0.5 Fib of the recent move) Long entries can be laddered between $3.00 and $2.90 (even $2.80 if volatility kicks in). Stop-Loss: Below the daily 21 EMA ($2.7344) and 21 SMA ($2.6739) Target: $4.00 R:R: ~4:1 — clean and structured This setup aligns with standard continuation behaviour after strong impulses — consolidation, retrace, and resume. 🔴 Short Setup (on Rejection at $4.00) Entry: ~$4.00 Stop-Loss: Above $4.25 Target: Yearly open (~$3.65) R:R: ~1.5:1 — not ideal, but valid on confirmation 🎯 Summary NEAR is consolidating after a strong move — either ready to continue higher or retest deeper into Fib support Long zone: $3.00–$2.90 (poss. $2.80) Short zone: $4.00 (on rejection only) Simple structure, clean risk, and nothing forced — exactly how it should be. Sometimes, less is more. Let price show the next move. Stay ready. 📈 ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
10
ADA Correction Nearing Completion — Trade It Like a ProADA is respecting structure beautifully and currently consolidating after completing a 5-wave impulse move. The key question now is: where are the next high-probability trade setups? Let’s break it down step by step. Market Structure & Elliott Context ADA has completed a full 5-wave bullish sequence, and—as expected—is now in a correction phase. This appears to be forming a classic ABC correction. Using the Fibonacci retracement tool: 0.5 retracement of the entire move sits at → $0.7534 This aligns perfectly with the previous swing high at $0.746 — a level that has yet to be retested The 1:1 trend-based Fib extension of a potential ABC correction puts Wave C at → $0.7492 Confluence Check: This entire support zone (~$0.75) is stacked with technical alignment: ✅ Previous swing high: $0.746 ✅ 0.5 Fib retracement: $0.7534 ✅ 1:1 extension: $0.7492 ✅ Daily 21 EMA: $0.7455 ✅ Daily 21 SMA: $0.7347 ✅ Point of Control (POC): ~$0.7318 ✅ Anchored VWAP: Also sitting in this zone ✅ Pitchfork golden pocket: Aligns as dynamic support All of these support indicators point to one thing: this ~$0.75 zone is a high-probability long entry area. 🟢 Long Setup Entry zone: Ladder between $0.77 – $0.75 Average entry: ~$0.76 Stop-loss: Below $0.7318 (under POC) Target: $0.9212 (0.618 retracement of the recent down wave) R:R: ~5:1 Potential upside: +22% 🔴 Short Setup (on Rejection Only) Entry: $0.9212 (0.618 Fib retracement of downtrend) Stop-loss: Above 0.666 Fib → ~$0.958 Target: previous swing high or yearly open R:R: ~1.4:1 (it can be adjusted tighter upon confirmation) This short setup isn’t ideal in terms of R:R unless we see clear rejection. But with confirmation — like an SFP, bearish engulfing, or divergence — the stop can be tightened, making the risk-to-reward much more favourable. 📘 Educational Insight: Why Structure Beats Emotion In trading, the strongest setups occur where multiple tools converge—Fib levels, EMAs, VWAP, volume zones, and past price action. When these align, it’s not about guessing—it’s about preparing. The key is to wait for structure to come to you, not the other way around. Patience allows clarity. Clarity allows precision. And precision pays. 💡 Final Thoughts The plan is clear. Levels are set. Now it’s just observation and discipline. Good trades don’t chase attention — they present themselves to those who wait. ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
14
PEAQ — Fibonacci Meets Wyckoff Structure +100% SetupAfter more than 70 days of sideways action, PEAQ is finally showing signs of life — with a well-defined structure that suggests accumulation is giving way to a potential new trend. What we’re seeing aligns closely with a classic Wyckoff Accumulation pattern. A local bottom formed around the psychological $0.10 level, followed by a clean breakout — marking a potential Sign of Strength (SOS). Now comes the real opportunity. Wyckoff Accumulation Structure Following the long consolidation range: 🔹 Phase D: Breakout from range = Sign of Strength (SOS) 🔄 Current: Pullback = potential Last Point of Support (LPS) The recent correction has now retraced into the 0.786 Fib zone of the impulse wave — a deeper but still healthy retracement for Wyckoff structure. Notably, this level also coincides with the previous highs that PEAQ broke out from, now flipping into support. A perfect test of demand. 🔍 Confluence Zone Breakdown 0.786 Fibonacci retracement: ~$0.1312 Previous highs: ~$0.14 Monthly open: $0.1289 (ideal invalidation level) These overlapping signals create a tightly packed support zone that defines the next high-probability long setup. 🟢 Long Setup — 0.786 ($0.1312) Entry: $0.1312 Same stop-loss: $0.125 (below mOpen) Targets: $0.2589 and 1.618 Trend-Based Fib Extension target at $0.2694 R:R: ~16:1+ Potential upside: +100%+ 📘 Educational Insight: Wyckoff Meets Fibonacci This setup is a combination of Wyckoff theory and Fibonacci structure: SOS breakout signals strength LPS pullback into 0.786 Fib = high-probability continuation zone Previous highs now acting as support When structure, confluence, and psychology align — you don't chase. You wait. 📌 Summary ✅ 70+ days of accumulation ✅ SOS confirmed 🔁 Now retracing to LPS around $0.131 🔒 Monthly open provides clear invalidation 🎯 Targets: $0.2589 and $0.2694 💰 Potential R:R: 16:1+ Each chart is a lesson. Read it with patience, trade it with purpose. ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
13
XRP Correction Complete? — Long Setup Aligned with Fib & OBXRP has completed a 5-wave impulse move. As expected, XRP is now in a corrective phase, pulling back after rejecting from a key resistance — and it’s doing so with technical precision. The question now: where is the next high-probability long setup? Let’s break it down. 🧠 Market Structure & Key Zones Using Fibonacci retracement from the base of the 5-wave impulse, we now have a potential golden pocket target aligned with major confluence. 🔽 Support Zone 🔹 0.618 Fib retracement: $2.2982 🔹 Daily Bullish Order Block: $2.2949 🔹 Daily 21 EMA: $2.329 🔹 Daily 21 SMA: $2.301 🔹 Liquidity pool 🔹 0.786 Fib Speed Fan (only if price drops between May 17–18) This creates a high-confluence support cluster at ~$2.3 — a prime candidate for a long re-entry. 🟢 Long Trade Setup Entry: Ladder between $2.32 and $2.28 Stop-loss: ~$2.21 Target: $2.7175 (0.618 Fib retracement of the corrective downtrend) R:R: ~5:1 🔴 Short Setup (Conditional) Trigger: Rejection at $2.7175 Entry: ~$2.7175 Stop-loss: Above $2.8033 (0.666 Fib) → set at ~$2.811 Take Profit: ~$2.56 or lower R:R: ~2:1+ (dependent on entry confirmation and PA behaviour) Shorts only valid if a clear rejection or SFP pattern emerges. If momentum is strong, this level may break — so wait for structure to confirm. 📘 Educational Insight: Why Confluence Matters Too often, traders chase single-indicator signals. But real edge comes from confluence — when multiple tools (Fibs, MAs, Order Blocks, Liquidity, VWAPs, FVG, Speed Fans etc.) agree on the same zone. This alignment not only increases confidence in your entry, but also sharpens your risk management. Think of it as building a case — the more aligned evidence you have, the stronger your trade thesis becomes. 📌 Summary XRP is in a corrective phase after a 5-wave impulse Clean rejection from weekly resistance → continuation of bearish trend Long zone: ~$2.3 SL: ~$2.21 | TP: $2.7175 | R:R ~5:1 Optional short: $2.7175 rejection → SL $2.811 | TP $2.56 Precision isn’t about predicting — it’s about being ready when the chart speaks with clarity. Patience makes probability powerful. ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
11
BTCUSDT – Mild Pullback, Support Holds FirmBTCUSDT remains in a clear uptrend with a structure of higher highs and higher lows, after breaking out of a prolonged consolidation pattern since early May. The price has surged from the 106,000 resistance zone and approached the technical target around 112,000 – an area that is currently triggering a slight pullback. At the moment, the support zone around 106,700–107,800 aligns with a demand area and the EMA34, likely serving as a springboard for the next upward move. If BTC continues to consolidate around this zone without breaking below 106,700, the 112,000 level could be breached, paving the way for a move toward higher targets.
Long
by Rocky_trade_
GBPUSD – False Breakout Alert at Channel TopOn the D1 timeframe, GBPUSD continues to maintain a clear bullish structure within an ascending price channel, with steadily rising highs and lows. Currently, price is approaching the resistance zone near 1.35919 — which is the upper boundary of the channel and also a zone that previously saw strong reactions. As illustrated in the chart, a likely scenario is a false breakout above this zone, followed by a pullback towards the support area at 1.33270–1.32500 to retest the EMA34 region. If this support holds, price could bounce back in line with the upward channel structure, opening the door to the next target zone.
Long
by Rocky_trade_
VIRTUAL TA Masterclass — Elliott Wave Meets Gartley HarmonicVIRTUAL has been on fire! Printing a clean 5-wave Elliott impulse with a +431% run in just 33 days. But after every strong trend comes a healthy correction, and that’s where we likely are now. Trading below key resistance and showing signs of exhaustion. The question: Where is the next high probability trade setup? Let’s break down what the chart is telling us. 🧠 Structure Overview Wave 5 peaked at $2.2169 Wave A dropped -25% Wave B bounced +30% Currently: VIRTUAL's trading under the $2 psychological level and weekly open ($2.0358) → signs of momentum cooling A corrective Wave C is likely underway, and all signs point toward a very specific zone. ⚠️ Liquidity Dynamics The longer VIRTUAL grinds sideways near $2.00 without showing real momentum, the more vulnerable late long positions become: Retail traders are buying resistance SLs are likely clustered just below Wave A’s low This creates a liquidity pocket waiting to be swept — perfect fuel for Wave C 🔍 The $1.58–$1.47 Support Cluster: 14 Layers of Confluence This zone isn’t guesswork — it’s loaded with technical overlap: 1️⃣ 1:1 Trend-Based Fib Extension of Wave A → $1.573 2️⃣ Monthly Open → $1.5354 3️⃣ 0.382 Fib Retracement of the entire rally → $1.5295 4️⃣ Bullish Fair Value Gap → $1.57–$1.53 5️⃣ Anchored VWAP from ATH → ~$1.46 6️⃣ Anchored VWAP from Wave 3 → ~$1.46 7️⃣ 0.618 Fib Speed Fan Support (~end of May timing) 8️⃣ 4H 233 SMA → ~$1.52 9️⃣ 4H 200 EMA → ~$1.52 🔟 Daily 200 SMA → $1.5251 1️⃣1️⃣ Weekly 21 SMA → $1.462 (reinforces the VWAP zone) 1️⃣2️⃣ Declining Daily Volume → momentum weakening 1️⃣3️⃣ Liquidity Pool below Wave A → likely to be swept 1️⃣4️⃣ $2 = Golden Pocket Resistance + Psychological Barrier 🔴 Short Trade Setup (Active as Long as SFP Holds) For those favouring downside continuation toward the Wave C target, a short setup is in play: Entry: Weekly open retest around $2.0358 Stop-loss: Above SFP high at $2.143 Target: 1:1 Trend-Based Fib Extension of Wave A → $1.573 or the Swing Low of Wave A at $1.647 R:R ≈ 1:4 — a solid, well-structured short opportunity As long as price remains below the SFP and the $2.00 golden pocket resistance, bears maintain control. 🟢 Long Trade Setup Entry: Ladder between $1.58–$1.47 Avg. Entry: ~$1.53 SL: Below $1.40 TP1: $1.88 (local resistance) → R:R ≈ 1:2.5 TP2: $3.33 (0.618 Fib of entire bear market) → R:R ≈ 1:12 👉 Bonus TP for Harmonic Setup: 0.618 Fib of CD leg ✨ Bonus Confluence: Potential bullish Gartley Harmonic in Play VIRTUAL is also forming a valid Gartley harmonic pattern — one of the most reliable reversal setups in classical trading theory. 🔸 XA: B retraced to 0.602 → ✅ (criterion: ~0.618) 🔸 AB: C retraced 0.87 → ✅ (valid range: 0.382–0.886) 🔸 CD: Projected to complete at 0.786 of XA → ~$1.474   • CD is a 1.356 expansion of BC   • AB ≈ CD symmetry is valid   • TP = 0.618 retracement of CD leg This adds even more weight to the $1.47–$1.53 buy zone. 📘 Educational Takeaway The best setups don’t rely on one method — they align multiple disciplines. Here, we have Elliott Waves, Fibonacci retracements, anchored VWAPs, volume structure, moving averages, time symmetry, and now a harmonic pattern — all pointing to the same opportunity. Most traders never wait for alignment. That’s why most lose. 💬 Final Words ✍️ Smart trading isn’t about always being in a trade — it’s about being in the right one at the right time. While others FOMO at $2, you wait for the right opportunity to come to you — where structure, liquidity, and probability all shake hands. The patient are rewarded. Always. ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Short
by SiDec
1
GBPUSD at Major Resistance: Will it Drop To 1.33350?FX:GBPUSD is approaching a key resistance level that previously acted as a strong barrier, triggering some significant bearish momentum. This area could be a potential point of interest for those looking for short-selling opportunities. Given its historical importance, how price reacts here could set the tone for the next move. If bearish signals appear, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.33350 level, which is a reasonable target in this setup. However, a clear breakout above this resistance could challenge the bearish outlook and suggest further upside. This is a key area where price action is likely to provide clearer clues about the next direction. Just my perspective on support and resistance zones, not financial advice. Always confirm your setup and trade with proper risk management.
Short
by LucasMgoldview
1
USDJPY – The downtrend continues, channel still leads the wayLooking at the D1 chart, USDJPY remains firmly within the descending channel that has persisted since the end of 2024. Every time the price approaches the upper boundary of the channel, selling pressure reappears – and the recent touch around the 147.012 area is no exception. After being rejected at this strong resistance zone, the price has turned lower and is now forming a pullback structure within the prevailing trend. EMA34 and EMA89 continue to slope downward, reinforcing the bearish momentum. If the price gets rejected again around the 145–146 region, the correction pattern may complete, opening up room for a drop toward the support zone at 142.343, or even deeper toward the channel bottom near 137.168. In summary, the primary trend remains bearish – and the preferred strategy now is "sell on rally" when the price nears the upper resistance of the channel. Patience and watching for price action will be key.
Short
by Rocky_trade_
EURUSD – Consolidation below trendline hints at breakout aheadHello traders! EURUSD is currently forming a rather interesting consolidation pattern right below the descending trendline – a level that has rejected price twice in the past. After a mild pullback from the 1.1382 zone, price has quickly recovered and is now hovering around the EMA34 and EMA89. This is an important confluence area and is acting as short-term support around 1.1263. If EURUSD continues to hold above this support and forms sideways accumulation, the probability of a trendline breakout will increase. In that case, the next target will likely be the previous high at 1.1382. U.S. bond yields are fluctuating sharply, and geopolitical tensions – such as trade uncertainty or regional instability – may serve as catalysts that support the euro. Keep an eye on the breakout zone – if price breaks out decisively, it could be a strong confirmation of a new bullish trend!
Long
by Rocky_trade_
After a sudden drop, is gold "loading up" for a breakout?Hey everyone! At the start of today’s Asian session, gold is moving sideways around the $3,300 level, following yesterday’s sharp swing. Looking back, the price had climbed for three consecutive sessions earlier this week, then suddenly spiked to a two-week high of $3,345 during the Asian session on Thursday—only to quickly drop and close near $3,294. This sharp reversal reflects the ongoing tug-of-war between a strengthening US dollar, volatile US bond yields, and unstable geopolitical factors. However, on the 4H chart, the bullish structure still holds, with price currently retesting the support zone around the EMA34. Key price scenarios to watch: If the support area around $3,214 holds → gold could bounce back toward the $3,345 region. On the other hand, if $3,214 breaks → the bullish scenario will be temporarily invalidated and gold might revisit a deeper accumulation zone. Right now, watching the price reaction around yesterday’s low is crucial—this could be the key to catching the next wave.
OANDA:XAUUSDLong
by Rocky_trade_
$MAGIC Loading Up for a Breakout After 32 Days of Silence!OMXTSE:MAGIC has been forming this symmetrical triangle pattern for over 32 days, that's more than a month of consolidation! Price is squeezing tighter inside the range, and a breakout is getting closer. If it breaks above the upper trendline with volume, we could see a move toward $0.22–$0.28 🚀 This setup is worth watching closely, long consolidation often leads to strong moves. Retweet if you're bullish !! #MAGIC #Alts
Long
by CRYPTOMOJO_TA
$SNOW $200 target, sooner than laterHello. Not much analysis here besides a monster gut feeling. NYSE:SNOW has earnings May 21. I’m looking to get in $200c for May 16 expiration. For some reason this name can’t scorch $200 and I believe it should. If NASDAQ:CRWD moves the way it does so can $SNOW. I think it’s made a strong support and mental level at $150. I was apart of the latest push to $180-$190 before its most recent earnings which jolted it from $150s to $180 AND it got sent back to that $150 to $160 level. I think this is a high conviction swing especially into earnings; premiums can go up off the IV. NFA. WSL.
NYSE:SNOWLong
by wallstreetloser001