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SUI — Breakout or Breakdown? Long & Short SetupsSUI has been trapped in a trading range for the past 6 days, consolidating between key levels and building up liquidity for the next big move. When price goes quiet like this after an impulsive structure, it’s not time to trade—it’s time to observe, analyse, and prepare. So, where’s the next high-probability setup? Let’s break it down: 🔹 Elliott Wave Context From my previous SUI analysis, I identified a completed 5-wave impulse structure. After such a move, a corrective ABC pattern is typically next. SUI has been respecting technical levels with surprising accuracy throughout this cycle—especially Fibonacci levels and key horizontal zones. 📉 ABC Correction in Progress? Wave A appears to be completed, and Wave B was rejected at the yearly level in perfect confluence with the golden pocket (0.618–0.666) retracement of Wave A. This strongly suggests that Wave C is now unfolding. Using the 1:1 trend-based Fib extension, the projected Wave C target lands at: ➡️ $3.6413 Let’s dig deeper—does this level hold up under further scrutiny? 🔍 Multi-Layered Confluence at $3.56–$3.64 Here’s what aligns at this potential support zone: 1:1 Fib extension (Wave A = Wave C) → $3.6413 0.55 Fib retracement (from $3.1132 to $4.2967) → ~$3.64 Volume Profile POC from prior range → ~$3.59 0.618 Fib retracement → $3.5653 Weekly level → $3.5594 21-Day EMA → $3.5537 21-Day SMA → $3.6319 0.75 Fib Speed Fan (if hit on May 16) → aligns with zone This stack of levels gives us a tightly packed, high-conviction support area between: 📍 $3.56 – $3.646 ___________________________________ 🟢 Long Setup Idea: Entry Zone: Ladder entries between $3.56 and $3.75 Stop-Loss: $3.4546 (beneath confluence zone) Take-Profit Target: $4.588 (0.786 Fib retracement + -0.236 Fib extension) R:R: ~5:1 🚫 Invalidation: If SUI reclaims the yearly level at $4.1152 before revisiting this support, the setup is invalidated. 🔴 Short Setup Idea: If SUI pushes into the 0.786 Fib retracement at $4.588 and shows clear rejection (e.g., SFP, bearish engulfing, high-volume reversal), a short can be considered. Entry: On rejection at $4.588 Stop-Loss: ~$4.714 Targets: TP1: $4.325 (recent highs) TP2: $4.1152 (yearly level) 🧠 Final Thoughts: This is where trading becomes a game of patience. I’ve mapped both long and short setups based on structure, confluence, and price behaviour. Now it’s about waiting for price to come to your levels. ⏰ Alarms set. 📈 Let the chart do the work. More updates to come as the range resolves. Stay sharp! ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
COINBASE:SUIUSDLong
by SiDec
12
Gold Analysis – Can Buyers Push the Price Up to $3,350?OANDA:XAUUSD is trading within a clearly defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation to the upside. Price has recently broken through a key resistance zone and has now returned to retest it. If this level holds as support, it will reinforce the bullish structure and increase the likelihood of a move toward the 3,350 target, aligning with the upper boundary of the channel. As long as price remains above this support zone, the bullish outlook remains intact. However, failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback. Remember, always confirm your setups and use proper risk management.
OANDA:XAUUSDLong
by LucasMgoldview
1
XAUUSD – Testing resistance zone, will there be a breakout?Gold continues its impressive recovery on the 3H timeframe, after bouncing strongly from the support zone around $3,300. Currently, the market is approaching a key resistance area at $3,400 – a level that previously triggered strong selling pressure. EMA34 and EMA89 have crossed upwards, indicating that short-term bullish momentum is gaining strength. However, since this is a former resistance zone, a pullback to the $3,300 area before continuing the upward move is entirely possible. On the news front, rising jobless claims and weakening manufacturing PMI have lowered expectations for the strength of the USD. However, a slight uptick in the services PMI keeps market sentiment cautious – resulting in a tug-of-war, though still leaning in favor of the buyers. What do you think? Will gold break out further or take a breather first?
OANDA:XAUUSDLong
by Rocky_trade_
BTC Back to $100K — The Final Dip Before All-Time Highs?Bitcoin has been trading slowly and steadily just below its all-time high at $109588. The key question now is: 💭 Is BTC ready to break through and print a new all-time high? Or does it need one more dip before liftoff? Let’s break it down. Elliott Wave Structure & Market Context BTC recently completed a clean 5-wave impulsive structure, with Wave 5 topping out into a major resistance zone. That confluence included: Value Area High (VAH) Weekly resistance Daily multi-level clusters Final resistance zone before price discovery After multiple rejections from this zone, BTC lacked the momentum for a breakout — so a retracement was expected. And that’s what we’re now seeing: a textbook ABC correction. 📉 ABC Correction Breakdown ✅ Wave A: Dropped sharply, nearly tapping the psychological $100K level ✅ Wave B: Retraced into the prior resistance band between $106133 and $104464 — rejected perfectly off the 0.786 Fib of Wave A 🔄 Wave C: Now unfolding To project the potential bottom of Wave C, we use the trend-based Fib extension (Wave A = Wave C). The 1:1 extension lands at: 🎯 $99875 — Right at the $100K psychological magnet Add this confluence: 🟢 Key swing high at $99475 ✅ 0.5 Fib retracement of the entire 5-wave rally 🔍 Psychological Level: $100K 🔑 Liquidity and demand zone This makes the $99K–$101K area a strong, high-conviction support zone. 🟢 Long Trade Setup Entry zone: Ladder between $101K – $99K Stop-loss: Below GETTEX:97K Target: New all-time high at $109588 R:R: ~3:1+ Structure: Correction into high-confluence zone + psychological level = high probability setup 📌 Summary: BTC likely finishing Wave C of ABC correction $100K = confluence of Fib, structure, psychology, and liquidity Setup is simple: Wait for price to retest this zone and trigger your plan If this level holds, BTC may be ready to attempt a breakout into price discovery Let the chart come to you — and trade the reaction, not the anticipation. 📉🔁📈 ____________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
16
recovery, gold price traded above 3300 mark⭐️GOLDEN INFORMATION: Beth Hammack of the Cleveland Federal Reserve emphasized that current U.S. government policies have made it increasingly challenging for the Fed to steer the economy effectively and fulfill its dual mandate of price stability and full employment. She also warned that the risk of a stagflationary environment—marked by stagnant growth and persistent inflation—is on the rise. In contrast, St. Louis Fed President Alberto Musalem recently argued that the current monetary policy stance remains appropriately calibrated. Despite elevated U.S. Treasury yields, gold has struggled to gain traction, suggesting that higher yields alone are not enough to drive safe-haven demand under current conditions. However, global monetary easing could provide a tailwind for the precious metal. In the latest moves during the Asian session, the People’s Bank of China (PBoC) cut its benchmark rate, followed by the Reserve Bank of Australia (RBA), which unexpectedly reduced its Cash Rate from 4.10% to 3.85%—actions that typically support non-yielding assets like gold. ⭐️Personal comments NOVA: Gold prices recover due to military instability in the Middle East, growth momentum above 3300 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3354- 3356 SL 3361 TP1: $3345 TP2: $3332 TP3: $3320 🔥BUY GOLD zone: $3252 - $3250 SL $3245 TP1: $3260 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
7
Is EUR/USD continuing its uptrend from the 1.126 level?Hello everyone, it's great to see all of you again in the current trading session. Let’s discuss and launch a new trading campaign together! In general, EURUSD experienced a significant price increase yesterday, with a rise in price and a breakout above the 1.126 level. It is now trading at a new high of 1.132, the best gain at the end of April. So what are the reasons and factors that have driven this currency pair? Regarding the influencing factors: EUR/USD maintains a bullish trend during the first half of the week, approaching the important 1.1300 zone after a sharp sell-off of the US Dollar. Growing concerns about trade, along with new worries about the US economy, have added further pressure on the US Dollar. Regarding the new outlook for EURUSD: On the 1D chart, EURUSD is currently receiving strong support at the 1.126 – 1.127 level. A break below this level will lead to a significant price drop, while holding this level will lead to a price increase. Upon careful observation, we can see the pair has broken through the 1.126 resistance level. Both the short-term and medium-term outlooks show that the bullish trend is gradually strengthening. If the upward momentum continues, the next bullish targets for EURUSD will be 1.140 and 1.150...
Long
by LucasMgoldview
$ARB time to fly $1 this bull run 2025 and it's Last Wave...AMEX:ARB Time to Fly and Touching $1 this Quarter. I guess it will be happened and gain bonuses $1+ and $2+ if big investor entry on this token. My Magic Indicator Say ARB Price have touch Yellow line. Previous Day, Bounce back to above Yellow Line and It's Bull Run 2025 for ARB . From News: ARB Eyes Trend Reversal With Breakout Signal Above $0.45 This Week Arbitrum is trading at $0.41 inside a falling wedge and a breakout above $0.45 might confirm a wide shift from its yearlong downward trend. Arbitrum has formed a falling wedge with lower highs and higher lows now compressing price at $0.41.   If the price moves above $0.45 with strong volume this could confirm a new bullish pattern for $ARB.   The wedge has been forming since 2024 and a breakout may signal the start of a strong trend reversal. The descending wedge pattern forming on the Arbitrum chart spans nearly one year, beginning from its 2024 highs near $2.50. Several failed rallies marked by red arrows define the top boundary, while green arrows at the base represent support retests. This structure has now tightened into a narrow apex where breakout probability increases significantly. #Write2Earn #BinanceSquareFamily #Binance #BTC☀ #SUBROOFFICIAL Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
SOLUSD Long1D Analysis: SOLUSD is in a strong uptrend with a second Higher High (HH) in place. A bullish divergence is visible, and price has retraced into the golden zone (0.5–0.618 Fib) — signaling a high-probability long setup. Instant buy is Suggested. Bull Score: 2 vs 0 (Uptrend (Dow Theory, Bullish Divergence vs 0) 🛡 Risk Management 📍 Entry (EP): 170.50 (Instant Buy) 🛑 Stop Loss (SL): 140.55 🎯 Take Profit 1 (TP1 - 1:1): 199.40 🎯 Take Profit 2 (TP2 - 1:2): 228.78 💰💸 Trade smart, manage risk, and let the trend print
BINANCE:SOLUSDLong
by SmartMoney-AR
XAUUSD – Short-term bounce, major trendline still in play!Hey everyone, looking at the chart, we can see that gold is still moving within a larger uptrend. However, it's now testing a key resistance trendline that has repeatedly caused price to reverse in the past. The recent bounce from the $3,170 zone looks strong on the surface, but in reality, it's just retesting the $3,400 resistance area – where selling pressure could reappear. Price behavior is also showing signs of losing steam as it approaches previous highs. If the price fails to break through the upper trendline, a pullback to the $3,400 support zone is the first likely scenario. A deeper move toward the $3,170 area – which previously triggered strong buying – could also unfold. Summary: Price is currently testing a strong resistance zone. If it fails to break above, the likelihood of a corrective reversal increases. Watch the trendline reaction closely and plan accordingly!
OANDA:XAUUSDShort
by Rocky_trade_
GOLD at Key Support Level – Will Buyers Step In?OANDA:XAUUSD is likely undergoing a corrective move as it tests the lower boundary of the ascending channel, as shown on my chart. This boundary acts as dynamic trendline support, and a significant bullish reaction may occur if buyers step in at this level. A successful rebound from this support could lead to a move toward the midline of the channel, with the most reasonable target in this setup being $3,450. This scenario would maintain the overall bullish trend structure. As long as the price remains above this support zone, the bullish outlook remains intact. However, a clear break below the trendline support would weaken the bullish outlook and could lead to the next downward trend. Traders should watch for bullish confirmation signals, such as rejection wicks, rising volume, or bullish engulfing patterns, before entering long positions. If you agree with this analysis or have further insights, feel free to share your thoughts here!
OANDA:XAUUSDLong
by LucasMgoldview
1
XAUUSD – Bullish Continuation Ahead?OANDA:XAUUSD is currently trading within an ascending channel, with price recently bouncing off the trendline support after a corrective move. This rebound indicates that buyers are stepping in, maintaining the bullish structure within the channel. If the bullish momentum continues, we could see a move toward $3,450, aligning with a key resistance level within the channel. This level may act as a potential short-term target before any possible reaction from sellers. A clear breakout above the resistance zone could open the door for the next bullish leg. However, if the price fails to hold this support level and breaks below it with momentum, the bullish outlook could be invalidated, potentially signaling the next downward trend. Traders should watch for bullish confirmation signals such as higher lows, strong bullish candles, or increasing volume before considering long positions. If you agree with this outlook or have any additional insights, feel free to share your thoughts!
OANDA:XAUUSDLong
by LucasMgoldview
Gold & Bearish Pennant: Clearer Signs of a Downtrend?Dear friends, it's a pleasure to see you again in today's gold trading session. At present, according to careful observation and technical analysis, we can see that OANDA:XAUUSD is showing signs of a slight correction and is likely forming a bearish pennant pattern, consistent with a common continuation candlestick pattern in a downtrend. Specifically: Previously, the price experienced a strong decline, which plays the role of the “flagpole” of the pattern. After the drop, the price temporarily moved sideways within a narrow range, gradually narrowing the range and forming a small triangle – characteristic of the consolidation phase in the pennant pattern. Trading volume also shows a decreasing trend, consistent with the characteristics of this pattern. With these factors, the current preferred scenario is the continuation of the downtrend, so the Sell position is considered more feasible. I think we could see a move down to $3,155. This area is quite important and could give us a better idea of ​​where the price is headed next. Just sharing my thoughts on support and resistance, this is not financial advice. Always confirm your setup and manage your risk wisely.
OANDA:XAUUSDShort
by LucasMgoldview
EURUSD at Resistance – Will It Drop to 1.11720?OANDA:EURUSD is currently trading near a strong resistance level, which is an area where price has struggled to break through in the past and reversed to the downside. This is also where sellers have previously stepped in, so it’s worth watching—especially for anyone considering short trades. If we start to see signs that price is being rejected here—such as long wicks, bearish candles, or buyers starting to lose momentum—I think we could see a move down to the 1.11720 level. But if price breaks clearly above this area, it could invalidate the bearish idea and suggest that the uptrend may even continue. This area is quite important and could help give us a clearer idea of the next direction of price. Just sharing my thoughts on support and resistance—this is not financial advice. Always confirm your setup and manage your risk wisely.
Short
by LucasMgoldview
SOL Trade Blueprint: Waiting for the High-Conviction EntryAfter printing a SFP at the key high of $180.52 followed by a sharp -8% rejection, SOL made a second attempt to breach the major resistance zone between $180–$185 — but once again, bulls fell short. Since then, price has been in a corrective phase. So the big question is: where’s the next high-probability trade setup? Let’s zoom out and break it down. 📏 Zooming Out: Structure, FVG & Fib Confluence Back on May 8th, SOL broke through the April 25th swing high at $157 with strong momentum, leaving behind an untested Fair Value Gap (FVG) — a key displacement area that’s yet to be filled. When we draw the Fibonacci retracement from the low of that move to the current high, the 0.618 retracement lands precisely at $157.34 — right on the old breakout high. That’s a beautiful confluence. Timing-wise, if SOL pulls back to that level between May 21–22, the 0.75 Fib speed fan also kicks in — adding dynamic trendline support to the static Fib level. 📉 What About the $164 Golden Pocket? There's a golden pocket forming around $164 from a recent mini-impulse, and while it may look tempting, context matters. This pocket isn't supported by enough confluence — no major structure, volume shelf, or EMA alignment. For a quick scalp? Yes. But for a high-conviction swing? It's not ideal. Remember, in trading we're not here to chase every candle — we're here to wait for the setups that stack the most reasons to say yes. 📍 The Zone to Watch: $157 Now let’s talk about that $157 zone — and why it’s standing out as the highest-probability long setup: 0.618 Fib retracement of the major impulse Retest of the breakout swing high Untested Fair Value Gap (FVG) 233 EMA + 233 SMA on the 4H timeframe lining up as dynamic support 1.5 outer pitchfork support line crossing through 1:1 trend-based Fib extension confluence Prior area of interest This is what we call a “stacked setup.” The more layers of confluence, the more conviction we have in the trade. Add to that the potential for a liquidity sweep (SFP) just below the current low at $159.44 — and it becomes a zone worth watching closely. 🎯 Long Setup: Entry: $157–$159.44 (watch for SFP confirmation) Stop-Loss: Below $154 Target: $200 R:R: Approx. 1:12 — a setup worth being patient for 🧠 Educational Note: Why Confluence Is King High-probability trades don’t come from guessing. They come from stacking confluence: structure, Fibonacci, moving averages, time-based levels, pitchforks, VWAPs, volume profiles — the more that lines up, the less you need to hope and the more you can trust your edge. Think like a sniper, not a machine gun. The market rewards patience and precision — not noise and FOMO. 🔻 Short Setup (Alternative Play) While we’re primarily bullish, there’s a valid short opportunity at the psychological $200 mark — but only if price shows clear rejection and confirmation (e.g. SFP, bearish engulfing, high volume reversal). Entry: $200 rejection Stop-Loss: Above $205 Target: $185–$180 R:R: Approx. 1:3+ 🔥 Final Words: Trade With Purpose This is what trading is about — not chasing green candles, but waiting for structure, clarity, and alignment. Whether you’re trading long or short, focus on high-conviction setups backed by logic and levels, not emotion. Don’t trade for action. Trade for precision. The market will always reward the patient ones who are willing to wait for that clean entry, stacked with reasons to act. Trust the process, stay disciplined, and let the charts do the talking. 💪📈 ___________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
43
XAU/USD (Gold) – Long Opportunity from Ascending Triangle 🟡 XAU/USD (Gold) – Long Opportunity from Ascending Triangle Breakout Gold is showing a strong bullish structure with a well-formed ascending triangle on the chart, often a signal of continuation in an uptrend. 🔸 Key Technicals: Rising trendline of higher lows indicates strong buyer interest. Horizontal resistance at $3,255 has been tested multiple times. Volume and structure suggest a potential breakout above resistance. 🔸 Trade Idea: Entry: Upon breakout and retest of the $3,255 zone. Stop-Loss: Below recent support and trendline (~$3,223). Take Profit 1: $3,322 – Move SL to breakeven once hit. Take Profit 2: $3,388 – Based on the height of the triangle projected upward. This setup offers a clean 4% move with solid risk-to-reward. Ideal for swing traders watching Gold’s reaction to macroeconomic events. 📌 Always wait for breakout confirmation and manage risk wisely. Let’s see if the bulls have what it takes to push through! 🚀
ICMARKETS:XAUUSDLong
by ghostysellsdonkeys
NEARUSDT NEARUSDT – Bullish Reversal Trade Setup Entry: $2.78 SL: $1.81 TP1: $3.90 TP2: $4.96 Trail for Extension: $5.50–$6.00 Structure & Logic: Previous Lower Low (LL) and Lower High (LH) sequence broken. Higher High (HH) now confirmed — signaling trend reversal. Strong Bullish Engulfing + Hammer at Higher Low area. Dow Theory shift in play, signaling long opportunity. Trade Plan: Partial at TP1 TP2 for full target Trail SL above TP2 for potential $5.5–6.0 move Risk-managed entry: ~1:1 , 1:2
BINANCE:NEARUSDLong
by SmartMoney-AR
2
XAUUSD – Is the “Death Triangle” About to Break Down?Hey everyone, looking at the 8H chart, we can see that gold is tightening inside a narrow triangle – a sign of both consolidation and a potential major breakout coming soon. However, what's worth noting is that the price structure leans toward a bearish breakout, as gold continues to form lower highs and gets repeatedly rejected around the $3,250 resistance zone – which also aligns with the upper edge of the triangle. Below, the long-term ascending support line is under significant pressure. If sellers maintain control and push the price below this trendline, the next potential target could be the $3,080 zone – aligning with the most recent swing low and acting as a possible support area. Summary: The $3,250 zone is the “checkpoint” to watch for selling pressure. If the price fails to break above this level, the downtrend is likely to continue. The lower edge of the triangle is the “lifeline” for buyers. If it breaks, the likelihood of a deeper drop increases significantly. What’s your take on this setup? Let’s share our views and spot the best trading opportunities together!
OANDA:XAUUSDShort
by Rocky_trade_
Juggernaut to ATH PT : $750-850- Absolute juggernaut of a company. Top tier management and solid execution lately deserves premium valuation. - NASDAQ:INTU is moving up market i.e targeting on mid markets as compared to just focussing on SMBs ( Small & Medium Sized Businesses ) - Company has a MOAT all those FUD regarding simplification of tax laws/rules was overblown. - Company should do well irrespective of the MACRO. Even, if US enters recession, People gotta file taxes and do accounting. Some segments will show weakness in case of recession like Mailchimp and Credit Karma. But TurboTax and Quickbooks are all weather products. - Final take: NASDAQ:INTU should break to all time highs if the upcoming quarter impresses. - PT: 750-850
NASDAQ:INTULong
by bigbull037
Is Gold About to Enter a Sharp Downtrend?Hey traders, looking at the chart, it’s quite clear that gold is currently undergoing a clean technical pullback – with the main objective being to fill the GAP around the $3,200 zone. This area is a strong confluence with the EMA34, and also marks a level where decisive selling pressure was previously observed. Technically speaking, the overall structure remains bearish. Gold is still neatly confined within the descending channel, and recent rebounds appear to be nothing more than setups for sellers to "reload." The EMA34–EMA89 continue to serve effectively as dynamic resistance, and price action is already showing signs of fading bullish momentum as it approaches this key barrier. The market is also responding to growing concerns over new U.S. tax policies, combined with a waning sense of defensive positioning. From my observations and feedback from various sources, the general sentiment leans toward gold continuing to weaken in the short term – not because of any sudden shock, but due to a lack of compelling bullish catalysts.
OANDA:XAUUSDShort
by Rocky_trade_
6
Rising wedge on SPY - Melt up? or Next leg down? Immediate Bias (Tomorrow): Scenario 1 – Bullish Continuation (Low Probability unless there's a macro catalyst): Breaks above ~$596–$598 cleanly Retests that zone as support (watch 595.50 intraday) Then targets: 600 psychological 604–608 upper resistance channel Possible end-of-month blow-off top: 612–618 Scenario 2 – Pullback / Rejection (More Probable Setup): Rejected at ~596–597 zone (which aligns with upper wedge resistance) Breakdown below $590 intraday Then targets: 587.80 EMA cluster (20/50) If lost → 576.44 next EMA + demand level Followed by major support at 565.87 / 563.43 🔥 Week Ahead Trade Plan (May 20–24) ✅ Bullish Possibility: If NVDA earnings, FOMC minutes, or macro data surprise to the upside Watch for breakout above the red wedge and hold above 600 Target range: 604 → 612 max upside 🚨 Bearish Scenario: Wedge breakdown below ~$590 Momentum cracks down to: 587 576 (watch for bounce) If panic selling → 565–563 (larger time frame buying zone) Volume divergence and overbought EMAs support a potential cool-off. 📅 Monthly Projection (End of May): If wedge breaks down → consolidation range between 563 – 587 If wedge breaks out → blow-off rally up to 612–620, but likely to fade quickly Fed commentary and NVDA earnings on May 22 will be major catalysts 📌 Key Levels Type Price Notes Resistance (R3) 612–618 Final upside blow-off zone (channel top) Resistance (R2) 604 Overhead channel line Resistance (R1) 595–598 Wedge top + major resistance Support (S1) 587 EMA cluster + strong local demand Support (S2) 576 Clean structure + prior breakout Support (S3) 565–563 Confluence of long-term EMAs + trendline 🎯 Trade Setups 📉 Bearish (Favored if no breakout tomorrow): Short 595–597 with stop above 600 Targets: 587 → 576 Optional: Add below wedge break (~590) 📈 Bullish (Confirmation-based): Break + retest of 597–600 Target: 604, then scale out at 612 Avoid front-running long unless you see volume + price close outside wedge
AMEX:SPY
by wesu7gcs
2
“Gold Buy Setup | Demand Flip with 3R Potential”XAU/USD’s Gold Silver price has exhibited a notable increase from the demand zone of 3,230-3,234 after the price experienced a sharp decline amidst the liquidity grab. The price has shown strong rejection and bullish price action from this zone, which may potentially suggest an intent of smart money and change of order flow. 📈 Why This Zone Matters: This area has facilitated as a damp for most of the previous upward movements and current candlestick patterns indicate that this area is being respected. Therefore, if price bounces from here, there is high probability that market participants or buyers will step in vigorously defending this zone which will strongly suggest a bullish price movement. 🎯 Trade Plan: Entry Zone: 3,230 - 3,234 Stop Loss: 3,227 (Sturucture invalidation) Take Profit: TP1: 3,238 (first reaction zone) TP2: 3,241 (liquidity zone nad prior high) ⚠️ Invalidation Point: If price drops below 3,227 and holds below this threshold, the demand zone is deemed breached, ending the bullish premise. A reassessment will be necessary.
OANDA:XAUUSDLong
by FadeTheFake
Trading around 3200 at the beginning of the week⭐️GOLDEN INFORMATION: Gold (XAU/USD) is staging a recovery from recent losses, trading around $3,230 per troy ounce during Monday’s Asian session, as investors seek refuge in safe-haven assets amid growing anxiety over the US economic outlook and fiscal sustainability. The rebound comes on the heels of Moody’s decision to downgrade the US credit rating by one notch, from Aaa to Aa1, citing mounting debt and a rising burden from interest payments. This follows earlier downgrades by Fitch in 2023 and S&P in 2011. Moody’s now projects US federal debt to surge to roughly 134% of GDP by 2035, up from 98% in 2023, driven by ballooning debt-servicing costs, expanding entitlement programs, and weakening tax revenues—all of which have intensified investor concerns and lent fresh support to gold prices. ⭐️Personal comments NOVA: Gold traded around 3200 at the beginning of the week, not much news impact, continue sideways ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3259- 3261 SL 3266 TP1: $3250 TP2: $3240 TP3: $3230 🔥BUY GOLD zone: $3192 - $3190 SL $3185 TP1: $3200 TP2: $3210 TP3: $3220 ⭐️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
4