Community ideas
USDCHF – Sell Into Resistance in Bearish ChannelTrade Idea
Type: Sell Limit
Entry: 0.7989
Target: 0.7905
Stop Loss: 0.8018
Duration: Intraday
Expires: 09/07/2025 06:00
Technical Overview
The primary trend remains bearish, and price is currently trading within a corrective channel formation, suggesting further downside potential.
Trendline resistance at 0.7995 aligns closely with the entry point of 0.7989, providing a strong technical barrier to cap gains.
The recent weakness in the US dollar supports a continued bearish outlook for USDCHF.
A break below support zones could accelerate a move toward the target at 0.7905.
No significant events are scheduled in the next 24 hours, allowing technical patterns to dominate intraday trading.
Key Technical Levels
Resistance: 0.7991 / 0.8020 / 0.8050
Support: 0.7958 / 0.7922 / 0.7900
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
After repeated tug-of-war, where will gold go?At present, the gold market is divided between long and short positions. The Federal Reserve may maintain high interest rates, which weakens the investment appeal of gold; however, trade frictions and geopolitical risks provide safe-haven support for gold. Overall, market sentiment is mixed, with bulls lacking confidence, but bears have not been able to fully control the situation. Last week's strong non-farm data reduced market expectations for a rate cut in July, pushing up U.S. bond yields and the dollar, putting pressure on gold, which does not generate interest. In addition, Trump said on social media that he would impose a 10% tariff on countries that "support anti-U.S. policies." The market is waiting for the release of the minutes of the Fed's June meeting, which will more clearly show policymakers' views on the current economic situation and future policies, and may determine the direction of interest rates. If the minutes show that the Fed is inclined to maintain high interest rates for a longer period of time, gold prices may continue to face downward pressure.
From a technical perspective, gold was under pressure at a high level at the opening, so gold is expected to fall today. Today's key pressure level is 3345. Before the price effectively breaks through and stabilizes at 3345, any rebound is a short-selling opportunity; once it stabilizes at 3345, the bottom pattern is confirmed to be established, and the bulls will start an upward market. At this time, the short-selling idea should be abandoned. From a technical point of view, the 1-hour chart has shown a trend from weak to strong, and the Bollinger Bands are opening and diverging upward, indicating that the market may accelerate upward. Today's operation suggestion is to focus on low-long and high-short as a supplement. In terms of specific points, the lower support is 3327-3320, and the upper resistance is 3355-3360.
Operation strategy:
1. It is recommended to buy gold when it rebounds to around 3327-3320, with the target at 3340-3350.
2. It is recommended to sell gold when it rebounds to around 3345-3355, with the target at 3330-3320.
Gold Trade Plan 09/07/2025Dear Traders,
Price Context:
Gold (XAUUSD) is currently trading around $3285, having broken below the mid-channel level.
Key Levels:
Support Zone (Buy Area): Marked between ~$3270–$3280 (includes 0.786 Fibonacci level at 3270).
Resistance: $3366 (previous high, strong resistance).
Trendline:
An ascending trendline intersects with the buy zone, increasing the probability of a bullish reaction.
Potential Scenarios:
Bullish Reversal: A bounce from the current buy zone could trigger a move toward $3366.
Bearish Continuation: If price breaks and closes below $3270 with strong momentum, next support would be around $3242.
RSI Indicator:
Currently near oversold territory (~38), which supports a potential bounce.
📌 Conclusion:
This is a critical zone; watch for price action signals near the trendline and 0.786 level. Reversal is possible, but further downside risk remains if $3270 fails.
Regards,
Alireza!
Gold Price Analysis July 9GOLD XAU/USD ANALYSIS – CONFIRMING THE CONTINUATION OF THE BEARISH WAVE
Yesterday's D1 candle confirmed the downward momentum of gold when the selling pressure returned strongly below the liquidity candle wick. This shows that the selling pressure is still dominant and the downward momentum is likely to continue in today's session.
🔹 IMPORTANT RESISTANCE ZONE: 3297
The 3297 zone – which was a strong support in yesterday's session – has now turned into a resistance zone. This is a potential SELL zone for the day, especially if there is a confirmation signal from the sellers at this price zone.
🔹 CONFUSION RESISTANCE ZONE: 3310
The 3310 area is the confluence between the downtrend line and the resistance zone of the US session – which needs special attention in the SELL strategy. If the price approaches this zone, expect a reaction from the selling side to return.
🎯 SUGGESTED STRATEGY:
SELL when price does not break through 3297 (confirm selling pressure at resistance)
SELL DCA if price breaks down to 3276
Target: 3250
BUY only considered if price holds 3276 and has a bullish reaction
📌 Key Levels:
Support: 3277 – 3250
Resistance: 3297 – 3310 – 3328
Important reaction zone: 3377 (if price rebounds)
GBPUSD: Profit taking or a downward move?GBPUSD: Profit taking or a downward move?
Yesterday, GBPUSD reached a new high of 1.3788, last seen in February 2022.
From the chart it can be clearly seen that GBPUSD only created a false breakout to the upside.
Market participants expected USD to weaken, but it changed direction again and locked in many long positions.
Despite the ADP data today being a real dud from expectations of 95k to -33k, we can see that GBPUSD did not stop the decline.
I think this could be related to the FED and if they think that maybe this is the time to change Interest Rates at the July meeting. It could also be a liquidity release and it could rise again, but we cannot prove this yet with the current pattern.
Technical Analysis:
As long as the price stays below 1.3680 or below this small structure, the price could fall further.
Don't forget that tomorrow we also have NFP data and the US market will be preparing for a long weekend. The 4-hour candle is strong and bearish, so let's see.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
A High-Probability Play Unfolding!🌟 GOLD MARKET OUTLOOK – A High-Probability Play Unfolding! 🟡📉
Gold was riding a solid uptrend recently, showing strength across the board. But over the past few days, things have started to shift. We've seen a clear Market Structure Shift (MSS) followed by a Break of Structure (BOS) to the downside — signaling the start of a short-term bearish trend.
📍 What’s Happening Now?
Gold is currently trading lower after the BOS, but the market is now approaching a critical phase...
We’re expecting a retracement move to the upside — a temporary pullback that could trap early buyers (this is called inducement). This is where things get interesting!
🎯 What to Watch For:
Once the retracement plays out, we’ll be watching closely for:
🔻 Bearish Fair Value Gaps (FVGs)
🔻 Supply Zone Order Blocks
These areas could offer us high-probability sell entries aligned with the overall bearish momentum.
📉 The Target?
We’ll be aiming for the previous swing low, where liquidity is likely resting — a classic price magnet in such setups.
⚠️ Be Patient. Let the Market Come to You.
Wait for the retracement, let price fill the gaps, and only then look for confirmation to enter. Rushing in now means going against smart money flow.
🧠 DYOR – Do Your Own Research!
This is a market roadmap, not a signal.
GOLD – Demand-Driven Strength Amid Economic DataGOLD – Demand-Driven Strength Amid Economic Data
Gold (XAUUSD) continues to show bullish momentum today, driven by increased demand and buying interest following a backdrop of recent economic data.
Key Price Levels to Watch:
Resistance Zones: 3320 and 3345 / 3293
Technical Outlook: The recent decline is forming an interesting bullish correction pattern, and as long as bulls maintain price within the upward trend channel, the structure remains constructive.
You may find more details in the chart Ps Support with like and comments.
EURGBP SHORT DAILY FORECAST Q3 D8 W28 Y25EURGBP SHORT DAILY FORECAST Q3 D8 W28 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today! 👀
💡Here are some trade confluences📝
✅Daily Order block identified
✅4H Order Block identified
✅1H Order Block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Second buy entry..BUY EURCAD now for a four hour time frame bulBUY EURCAD now for a four hour time frame bullish trend continuation ...............
STOP LOSS: 1.5969
This buy trade setup is based on hidden bullish divergence trend continuation trading pattern ...
Always remember, the trend is your friend, so whenever you can get a signal that the trend will continue, then good for you to be part of it
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything...
Remember to risk only what you are comfortable with... trading with the trend, patient and good risk management is the key to success here
Bitcoin ConsolidatingBitcoin continues to hold strong just below resistance at $112K after a clean reclaim of the $105,787 support zone and the 50-day moving average. Price is consolidating in a tight range, printing higher lows and showing signs of strength as it flirts with a potential breakout.
Volume has tapered off slightly during this sideways action, which is typical in a coiling pattern before a move. If bulls can finally push through $112K with conviction, we’re likely headed for a fresh leg higher. On the flip side, a drop back below the 50 MA and $105K would invalidate the short-term bullish structure.
Until then, it’s just a waiting game inside this range – but the bias leans bullish.
EURUSD sideways consolidation support at 1.1640The EURUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend.
Key Technical Level: 1.1640
This level marks the prior consolidation range and now acts as pivotal support. A corrective pullback toward 1.1640 followed by a bullish rejection would reinforce the bullish trend, targeting the next resistance levels at:
1.1830 – Near-term resistance
1.1900 – Minor swing high
1.1940 – Longer-term bullish objective
On the other hand, a decisive daily close below 1.1640 would invalidate the bullish setup, shifting the outlook to bearish in the short term. This could trigger a deeper retracement toward:
1.1590 – Initial support
1.1530 – Key downside target
Conclusion:
As long as 1.1640 holds as support, the technical outlook remains bullish, favoring long positions on dips. A confirmed break below this level would signal a shift in sentiment and open the door to a corrective pullback phase.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Bearish drop off 61.8% Fibonacci resistance?The Aussie (AUD/USD) has rejected off the pivot, which acts as a pullback resistance, and could drop to the 1st support, which has been identified as an overlap support.
Pivot: 0.6550
1st Support: 0.6492
1st Resistance: 0.6590
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.
Could the price reverse from here?The US Dollar Index (DXY) is rising towards the pivot, which has been identified as a pullback resistance that aligns with the 50% Fibonacci retracement and could drop to the 1st support.
Pivot: 97.90
1st Support: 96.74
1st Resistance: 98.67
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.