Support Under Siege – Is Gold Ready for Another Leg Down?As I expected in the previous idea , Gold ( OANDA:XAUUSD ) rose to $3,343 on the 1-hour time frame , but failed to break the Resistance zone($3,350-$3,326) and started to fall with relatively good momentum .
Do you think Gold can finally break the Support zone($3,312-$3,280) and Support lines , or will it rise again?
Gold is currently trading in the Support zone($3,312-$3,280) and near the Support line s. It has also managed to break the downtrend line .
In terms of Elliott Wave theory on the 15-minute time frame , Gold appears to be completing a main wave 4 . The main wave 4 appears to follow Double Three Correction(WXY) . Also, the main wave 3 is extended due to the high downward momentum.
I expect Gold to start falling again by entering the Potential Reversal Zone(PRZ) or Resistance zone($3,302-$3,296) and eventually breaking the Support zone($3,312-$3,280) and Support lines, Gold's falling targets are clear on the chart.
Note: Stop Loss (SL) = $3,313
Gold Analyze (XAUUSD), 15-minute time frame.
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Bullish reversal off major support?The Gold (XAU/USD) has bounced off the pivot and could rise to the 1st resistance which is an overlap resistance.
Pivot: 3,301.09
1st Support: 3,280.12
1st Resistance: 3,343.92
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Gold will continue to fall today.Gold continued to fall in the US market after hitting a high on Tuesday and hit a recent low. Currently, there is a fierce competition between long and short positions. The repeated swings in the US tariff policy have caused fluctuations in risk aversion sentiment, and the probability that the Federal Reserve will maintain interest rates above 95% in July has supported the US dollar. Technically, we need to focus on the key support of 3260 and the strong resistance range of 3320 above. The hourly chart shows that the short-term moving average diverges downward, and the K-line is under pressure, showing short-term fatigue, suggesting that there is still a need for a correction today.
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NIO Setting Up for a Big Move!🚨 NIO ALERT 🚨
Looks like a buy & fly setup is loading! 📈💥
📊 Technicals aligning beautifully with macro cycle support.
🔥 Volume picking up. The structure looks explosive.
📍 A clean breakout could send this EV beast soaring!
I'm watching closely for confirmation...
This could get FAST. ⚡
XRP - Wait For It!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Is history repeating itself? 🤔
XRP is now back at the $1.75–$2 support zone and forming a fresh inverse head and shoulders pattern.
As long as this support holds, we’ll be on the lookout for new long opportunities. 🟢
For the bulls to take over in the short term, a break above the green neckline is needed.
And for long-term control, a break above the red structure is essential. 🔺
For now, we wait patiently! ⏳
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Tesla - Major Breakout BrewingTesla has been going through the wringer, between Robotaxi news, tariffs and the ongoing feud between the most powerful man in the world (Trump) and the richest man in the world (Elon). No doubt the news has had its fair share of impact on the stock. But Technicals will always hold more weight than news. I'll breakdown a few reasons why I believe this stock is due for a major run to ATHs
As you can see on this 4H chart, a nice falling wedge is forming and PA is respecting it, even with the wild gaps. On top of this being a bullish pattern, TSLA is also in a crucial area of support within the $290s . If you look back to Jun 9th 2025, you can see Tesla bounced from the 281 level to the 330s which is another indicator of strong support. Not to mention, a the 50 MA crossed the 200 MA on the daily on July 1st which is another bullish indication. The wedge looks to bottom out at the 280 level but I don't see this stock going that low. $290, 291 is an optimal entry to go long.
The long term trend line from April 21st 2025 has not been completely invalidated as of yet. If it retests at 310 and falls back within the wedge, I am still bullish. If price falls under $280, I am bearish. But until then, load up because the next stop is $350 after breakout, then $400, then ATHs. I'm expecting the breakout to happen by earnings or potentially before if this unnecessary feud between Trump and Elon ends.
P.S. I didn't get a good entry on this trade but I have a long position due to expire on the 25th.
Good luck trading.
-AceBoogieWitMe
USD/JPY) back down Trend Read The captionSMC trading point update
Technical analysis of USD/JPY (U.S. Dollar / Japanese Yen) on the 3-hour timeframe, anticipating a rejection from a descending trendline resistance and a move down toward key support levels.
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Analysis Overview:
Trend Bias: Bearish correction expected
Structure: Price is reacting at a descending trendline, which has held as resistance on multiple occasions.
Indicators:
EMA 200 (144.756): Price is currently above, but projected to break below it.
RSI (14): Overbought at ~74, signaling potential for a reversal.
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Key Technical Components:
1. Descending Trendline Resistance:
Price is approaching/has touched a well-respected downtrend line, marked by three strong rejections (red arrows).
This trendline has consistently capped bullish moves, indicating strong seller interest.
2. Bearish Reversal Expectation:
The projected path suggests a potential fake breakout or double-top, followed by a steep decline.
A two-stage drop is anticipated, with price first targeting the EMA 200 zone, then extending lower.
3. Target Points:
First target: Around 145.244, near EMA 200.
Final target: 143.048, aligning with the key support zone (highlighted in yellow), where price previously bounced.
4. RSI (14):
Currently overbought (73.29), signaling a likely retracement.
Prior peaks at this level led to notable corrections.
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Trade Setup Idea:
Parameter Level
Entry Near current price (~146.85) if bearish pattern confirms
Stop-Loss Above trendline (~147.30–147.50)
Target 1 145.24 (EMA 200 zone)
Target 2 143.05 (Support zone)
This setup offers a high-probability short opportunity if resistance holds.
---
Risk Factors:
Upcoming economic events could trigger volatility (news icon marked).
A clean breakout and close above the trendline (~147.50+) would invalidate this bearish thesis.
Mr SMC Trading point
---
Summary:
The analysis suggests a potential USD/JPY reversal from a descending trendline, supported by overbought RSI and prior rejections. The bearish projection targets a move toward 143.048, following a dip below the EMA 200 level at 145.244.
Please support boost 🚀 this analysis)
Macro Moves & Market Reversals: BTC-Metals-Tech-Dollar & more! 🤖📊 Macro Moves & Market Reversals: Bitcoin, Metals, Tech, Dollar & DAX Breakdown 🔥💹
Hey beautiful people,
FXPROFESSOR here with a massive market update to kick off the week. This one’s for my serious traders—those of you ready to read the market like a pro 📚💡
We’re in a critical transition. The Trump–Powell standoff, rate cut games, tariff escalations, and a surprising shift in risk appetite across bonds, metals, and equities are reshaping the entire trading landscape.
Let’s get into the full breakdown 👇
🧠 MACRO FIRST – THE FUNDAMENTAL PULSE
🟢 Interest Rates:
The Fed is keeping rates steady at 4.25%–4.50%, citing strong jobs data. 147K jobs added, unemployment at 4.1%. The market wanted bad news for rate cuts... didn’t get it.
🗓 September remains the most likely cut, but the Fed isn’t rushing. Strong labor = slow policy change.
⚠️ Tariffs Heating Up:
Trump just slapped 25–40% tariffs on imports from Japan, Korea, and others – effective August 1.
➡️ If no political resolution by July 9, prepare for a volatility wave.
Tariffs = supply chain risks + cost-push inflation.
💣 Geopolitics:
Middle East tensions remain background noise, but no major disruptions for now. Still, oil remains sensitive.
📈 Risk Appetite (Bonds):
U.S. Treasuries still lagging, but junk bonds and quality credit (LQD) have pumped. That’s a big clue: risk appetite is returning, even without a Fed pivot.
📉 DOLLAR INDEX (DXY) – "THE YEAR OF THE NORMALIZED DOLLAR"
We’ve followed this dollar short all year.
🔻 From rejection at 100.965, DXY dropped straight into our long-term 94–95 target zone.
📌 Now what? This level is MAJOR. A bounce could trap dollar bears.
🧭 No new short from me unless we re-tag 100+. The juice is squeezed.
Key takeaway:
The dollar already priced in rate cuts, and we didn’t even get them. That’s telling me the next macro move might not be so predictable.
💰 BITCOIN – STILL THE KING
📍 BTC at $115K resistance – a level I’ve charted for years, not weeks.
Three hits:
1️⃣ First rejection
2️⃣ Second rejection
3️⃣ And now... a decisive moment
🚨 Break 115K → BTC flies.
📉 Fail here → we could revisit $64K, yes, seriously. I’m ready for both outcomes.
This is not the time for hopium. It’s 50/50.
🪙 BTC DOMINANCE – THE ALTCOIN SWITCH
BTC.D is now above 65%. That means:
✔️ Capital flowing back into BTC
❌ Altcoins not ready yet
We don’t chase alts until BTC.D hits 71.3–72.9%. That’s the real “altseason trigger zone.”
🔒 I’m personally turned off from alts for now—too much noise, too many memes, not enough macro support.
🔩 PRECIOUS METALS – SHINING BRIGHT
💛 Gold (XAU/USD):
Reached near $3,500 highs
Now stalling
🛑 Taking profits here – caution warranted.
🤍 Silver (XAG/USD):
13-year high
Holding $36+ well
Potential breakout pending global inflation data
💿 Platinum (the sleeper):
+47% YTD
Beautiful long setup played out exactly as planned
Still bullish above $1,400 if supply squeeze continues
💡 ETFs in metals are seeing inflows – more institutions hedging as dollar weakens.
🚗🔌 TECH STOCKS – NVDA, TSLA & THE NASDAQ
📈 NVIDIA (NVDA)
Best trade of the year for me
Clean re-entry, now hitting ATH levels
AI demand + tight supply = rocket fuel
⚡ Tesla (TSLA)
Bounce off 4H trendline
Still lagging slightly – political tensions (Trump vs. Musk) not helping
But levels are working like a charm
📊 NASDAQ (QQQ)
Hit our “max pain” zone perfectly
Rebounded with textbook precision
Momentum intact – watching for new highs
🇩🇪 DAX INDEX – CHARTS DON’T LIE
All-time high. Boom. Called it weeks ago.
Despite:
No Russian energy
Industrial drag
ECB policy constraints
📌 But what worked?
➡️ Simple chart structure.
➡️ Market psychology.
➡️ Pure TA.
Now at resistance again. Watch carefully – support below is clearly defined.
🧾 FINAL THOUGHTS – THE PROFESSOR'S NOTES
🔹 The market’s narrative can change fast, especially with Trump in the mix. He’s Mr. Volatility.
🔹 Powell holds the real power – and right now, he’s not flinching.
🔹 Risk appetite is back – but not evenly. Bitcoin is leading, altcoins are lagging, metals are maturing.
🔹 If rate cuts materialize in September, expect massive rotation across all risk assets.
💭 Until then, I’m playing level-to-level. No FOMO. Just charts and logic. That’s how we survive, and thrive.
Let me know which chart you want next – and thank you for staying sharp 💪📚
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
#OTHERS.D ~ Do you believe in Castles in the SKY?I believe that the Others dominance metric divided by an ounce of real money #Gold gives us a valuable insight into the fabled altseasons.
Because as this chart shows theres only been 4 in actuality
and you normal get a double bubble in a cycle.
So I believe we are at the cusp of turning things around as most people have given up on the concept of altcoins ever pumping again.
But it was just the business cycle #PMI that has depressed prices for the past few years.
Massive Move Ahead? $X Coiling Tight for Breakout$X looks ready for a big breakout.
After months of moving sideways, it's now forming a large symmetrical triangle on the daily chart. The price is getting tighter between strong support and a falling trendline.
Buyers have stepped in many times near the bottom, which shows clear accumulation.
If $X breaks above the trendline and holds, it could move fast.
Breakout level: 0.000058
Invalidation: Daily close below 0.000038
The risk-to-reward setup is amazing.
If it breaks out, $X could become one of the top gainers this season.
DYOR, NFA
#X #Altseason2025
7/2/25 - $btcs - Given sbet and bmnr... this?7/2/25 :: VROCKSTAR :: NASDAQ:BTCS
Given sbet and bmnr... this?
- 14,600 eth = 35 mm usd? and mkt cap is like 50... so that's another 1.5 mnav
- it's even smaller, no options... and we see what low float stuff does lately
- add to this the "comps" (quotes b/c this one is substantially smaller) like sbet and bmnr have run (and continue to run today)
- nevermind this has an actual software biz associated w it (and hold your nose if analyst recommendation for growth are adequate for revenue)... but there's something else here
- and their metamask "partnership" whatever that means.
i think this one could run substantially if sbet and bmnr keep up the whacky action (fortunately we're doing well on sbet at the moment)
V
Gold is going down without any signs. Will it continue?Yesterday's seemingly strong rise in gold's safe-haven market may make people mistakenly think that gold is going to rise sharply, but the recent safe-haven market has poor sustainability and poor upward momentum, and cannot maintain the continuation of the upward trend.
Looking at gold in 1 hour, after the price surged, it continued to fall under pressure at 3345. 3345 is also the recent key position for long and short positions. The 1-hour moving average of gold is still in a short position and continues to diverge downward. The short-term short momentum of gold still exists. I think the price will still fall after the rebound. Gold started to fall directly at 3330, and 3330 formed a strong resistance for gold in the short term. The downward low point did not continue after touching 3288. The current price rebounded and fluctuated around 3295. So we can sell high and buy low around 3385-3325.
Elliott Wave Outlook: DAX Set to Rally Higher in Wave 5Since April 7, 2025, the DAX Index has been advancing in a clear impulsive cycle, originating from a low that has set the stage for a structured upward movement. The initial advance, wave 1, concluded at 20468.43. It was followed by a corrective pullback in wave 2, which found support at 19384.39. The subsequent rally in wave 3 was robust, peaking at 24479.42, as depicted on the 1-hour chart. Wave 4 unfolded as a zigzag Elliott Wave pattern, characterized by a decline in wave ((a)) to 23360.16. A recovery in wave ((b)) took place to 23711.73, and a final dip in wave ((c)) to 23047.13, completing the corrective wave 4.
The Index then resumed its upward trajectory in wave 5, structured as an impulse in a lesser degree. From the wave 4 low, wave (i) reached 23481.97. A minor pullback in wave (ii) followed which ended at 23080.29. The rally then continued with wave (iii) peaking at 23812.79, a slight correction in wave (iv) to 23466.73, and the final leg, wave (v), concluding at 241200.82, marking the completion of wave ((i)).
A corrective wave ((ii)) found support at 23620.42, and the Index has since turned higher in wave ((iii)). As long as the pivot low at 23407.13 holds, the DAX is expected to extend its gains, with pullbacks likely finding support in a 3, 7, or 11 swing structure. This analysis suggests continued bullish momentum in the near term, with key support levels providing opportunities for further upside.
Copper Cup & Handle Formation - Confirmed by Half-Yearly CloseIn a recent interview, Kevin Warsh, a former Member of Board of Governors Federal Reserve said: “External shocks like wars, pandemics, and supply chain disruptions may cause a spike in prices, that's not inflation. That's more like the weather. Inflation's more like the climate.
Weather refers to the day-to-day state of the atmosphere. A storm may come, but it will eventually pass.
Climate is the long-term average of weather patterns, typically measured over 30 years or more. If the underlying causes of climate change are not addressed, they are likely to affect future weather — for example, storms may become more unpredictable, occur more frequently, and intensify when they happen.
Going back to the financial markets. Have we address the underlying causes of inflation climate today? If not, then with every war or rumors of war or tariff or any unwelcome surprises.
They are likely to become even more volatile than before, some more bullish and the others more bearish.
What is the real cause of inflation climate the world is facing? Debt. At every pit stop, I will keep checking if there’s any chance that U.S. debt might start trending downward. If it does, my existing strategies would have to change. But for now, I’m maintaining these strategies. Here are some examples:
With fears of inflation still in sight, stocks have become more volatile. Since inflation hit a high of 9% in 2022, we’ve seen stock market swings widen.
With fears of inflation, bonds are under pressure. The drop in U.S. bonds wasn't triggered by the “Liberation Day” tariff announced on 2nd April alone. In fact, bonds peaked in 2020 and broke below their main uptrend support when inflation hit 9%.
With fears of inflation are also driving commodities higher — from “weather” to “weather,” so to speak. I’ve been covering gold, bitcoin, silver, and soybean oil. Today, copper looks interesting to me. Let’s dive into the technical. I find the half-year chart particularly interesting.
On this half yearly chart. We can see as the close on 30th June, copper settled firmly, closed above its $4.44 resistance that has been tested for years. This study indicates that copper could be at the beginning of an uptrend. I will be looking out for buying-on-dips opportunities whenever they arise.
What Began Well, Grew Risky — Yet Opportunity Awaits. Besides debt, there are two other key elements that may trigger fears of inflation from time to time. What do you think they are?
I would like to hear your thoughts on this.
Video version:
Mirco Copper Futures
Ticker: MHG
Minimum fluctuation:
0.0005 per pound = $1.25
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Inverse head and shoulders with a gap to close towards 1070$The price is completing the formation of an inverse head and shoulders pattern, with a head-to-neckline distance of approximately $300.
This suggests a potential breakout target around $1070.
Along the way, there is also a significant gap that has remained unfilled for several months.
The stock belongs to a company that manufactures power management chips used in all types of electronic devices, with steadily growing revenue
BTCUSD h4 down surelybtcusd down idia Resistance Zone: Around 110,000–111,000
Price Action Expectation:
→ Short-term push to 110,629
→ Then rejection toward 105,000, and potentially all the way down to 96,794 or even 94,091
Bearish bias after resistance is hit
⚡ Disruption Analysis (Contrarian View)
✅ 1. Resistance Flip Possibility
What if the 110,000 resistance breaks cleanly with strong volume?
Invalidates the bearish rejection arrow
Could trigger FOMO buying → Acceleration toward 112,500+
Bullish scenario: formation of a bull flag above resistance = continuation setup
✅ 2. Bear Trap Theory at 105,000 Zone
That “target” zone near 105k could be a fake breakdown zone
Market might dip there briefly, lure shorts, then reverse violently
This creates liquidity for a rapid long squeeze breakout
✅ 3. Market Structure Still Bullish on HTF
Higher lows from June 24 to July 6
Clean breakout at 105,152
Still respecting ascending structure — which is not bearish yet
🚨 Disruption Summary Chart Moves
🔼 Alternate Path 1 (Bullish Disruption):
Price consolidates under resistance → breaks above 110,629 → targets 112,500–115,000
🔄 Alternate Path 2 (Fake Breakdown Disruption):
Drops to 105,000, triggers sell-off → sharp reversal → back above 108,637
🔽 Original Path (Rejection-Based Bearish):
Still possible — but not the only high-probability path anymore