GBP/USD Pullback in Progress – A Buy Opportunity Ahead?Hello traders!
What’s your take on FX:GBPUSD ?
GBP/USD has entered a correction phase after its recent rally and is now testing a key resistance zone.
Despite the short-term pullback, the medium to long-term trend remains bullish.
I expect the price to complete its retracement near the identified support area (around the 0.618 Fibonacci retracement level), and then resume its upward move toward the next target above resistance.
This pullback could present a buying opportunity in line with the broader trend.
Be sure to manage your risk wisely with proper TP and SL placements.
Community ideas
Gold Price Outlook as Short PatternGold Price Outlook:
Gold prices recently experienced strong upward momentum, but have since seen a downside correction without a clear catalyst. The initial decline at the start of the new trading session suggests some hesitation in the market.
Currently, price growth appears constrained by two key factors:
Resistance zone 3322 / 3370
Support Levels 3270 / 3260
Investors are displaying a cautious "risk-on" behaviour, limiting safe-haven demand for gold A stronger dollar is weighing on gold, making it more expensive for holders of other currencies.
I Ned to support from you Guys Lets like and comments for more analysis share with you.
LINK: Breaks Out From A Clear Inverse Head & Shoulders PatternLINK: Breaks Out From A Clear Inverse Head & Shoulders Pattern
LINK has broken out from a strong Inverse Head and Shoulders pattern, signaling a bullish trend.
After the breakout, the price pulled back to retest the neckline, finding strong support near $14.90, where it reacted multiple times.
If this level holds, LINK could start a larger bullish wave, with potential targets at: 🎯 $17.60 🎯 $19.60 🎯 $21.60
The BTC price positions is the only tricky part but it can happen that as a minimum to push the price near to the first and second target.
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❤️
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
A very choppy day on gold today making it difficult to hold trades into the extreme levels. The range is smaller than usual and accumulation is in progress, so we will say please play defence on the markets.
We wanted lower to go higher, the red box broke upside, and if switched to the 1H TF, like us you would have got a decent trade into red box resistance for the RIP and short scalp. As you can see, price is now playing between the red boxes with intra-day support being way down at 3210 and resistance above at 3255. These are now the levels of play in our opinion and the market has played it in such a way that both are open targets! We'll wait lower to long or higher to short, here in the range, not interested.
KOG’s bias of the week:
Bearish below 3235 with targets below 3196, 3185, 3177, 3165 and 3155
Bullish on break of 3230 with targets above 3242✅, 3250, 3255 and 3262
RED BOXES:
Break above 3210 for 3118✅, 3220✅, 3225✅, 3230✅, 3235✅ and 3247✅ in extension of the move
Break below 3195 for 3187, 3179, 3165, 3155, 3150 and 3137 in extension of the move
As always, trade safe.
KOG
NZDUSD to find sellers at market price?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot resistance is at 0.5925.
A move through 0.5875 will confirm the bearish momentum.
The measured move target is 0.5750.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 0.5925 (stop at 0.5975)
Our profit targets will be 0.5805 and 0.5750
Resistance: 0.5925 / 0.5950 / 0.5975
Support: 0.5850 / 0.5800 / 0.5750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GOLD Trade Plan – Breakout or Pullback?Price is consolidating below key resistance at 3,324.5 after a strong bullish move.
✅ Scenario 1: Breakout Buy
If price breaks and closes above 3,324.5, I will look for a continuation long toward the next resistance at 3,342 – 3,344.
✅ Scenario 2: Pullback Buy Opportunity
If price rejects 3,324.5 and pulls back to the 3,314 – 3,316 zone (EMA support), I’ll wait for bullish confirmation to enter.
❌ A breakdown below 3,304 will invalidate the current bullish structure.
Trend remains bullish. Focused on long setups only.
SHORT | NVDANASDAQ:NVDA
Key Observations:
Current Price Action:
Price: $131.80
Recent Drop: -2.58 (-1.92%)
Support and Resistance Levels:
Immediate Resistance: $134.70 to $138.83
This red zone represents a strong supply area where the price has historically faced selling pressure.
Immediate Support: $122.74 (Target Price 1)
Further Supports:
Target Price 2: $116.65 (Aligned with 0.5 Fibonacci Retracement)
Target Price 3: $108.38 (Previous structural low)
Trendlines:
Red Uptrend Line: Recently broken, indicating weakening bullish momentum.
Green Downtrend Line: Long-term resistance trendline from the previous Lower Highs (LH) is still intact and respected.
The break below the minor trendline suggests a corrective wave (4) might be in motion.
Fibonacci Levels:
0.382 Fib Retracement: $121.22
0.5 Fib Retracement: $116.22
These levels align with potential targets in a wave (4) corrective phase according to Elliott Wave theory.
Target Prices:
Target Price 1: $122.74
This is the closest demand zone and aligns with the 0.382 retracement—high-probability support.
Target Price 2: $116.65
Aligned with the 0.5 Fibonacci level and previous consolidation.
Target Price 3: $108.38
A major structural support and potential wave (4) bottom if market turns sharply bearish.
Summary:
NVIDIA Corporation (NVDA) is showing early signs of a corrective phase after failing to break through strong resistance in the $134–$138 range. The price rejected the resistance zone and is likely entering wave (4) correction. Key support levels to monitor are $122.74, $116.65, and $108.38, corresponding with Fibonacci retracement levels and historical price structure. A break below the short-term trendline increases the probability of a continued pullback before potentially resuming the uptrend in wave (5).
XAUUSD 05-22-2025Gold (XAUUSD) Technical Analysis
Date: May 21, 2025
Framework: Smart Money Concepts (SMC) / Inner Circle Trader (ICT)
---
Market Overview
Gold (XAUUSD) on the 1-hour timeframe continues to maintain a bullish market structure, currently trading at $3,322.55 USD, following a strong upward move after breaking previous resistance.
---
Key Technical Factors
1. Fair Value Gaps (FVG):
Daily FVG below: $3,300 – $3,310
Daily FVG above: $3,350 – $3,360
2. Market Structure:
Continues forming Higher Highs and Higher Lows
No signs of Market Structure Break (MSB) or reversal
3. Liquidity Zones:
Liquidity likely resides below $3,310
This area aligns with an unfilled FVG and possible bullish Order Block (OB)
---
Intraday Outlook
Price is expected to retrace slightly toward the $3,300–$3,310 FVG to fill imbalance and grab liquidity.
Once that zone is tapped and demand is confirmed, price is likely to bounce upward toward the upper FVG at $3,350–$3,360.
Strategy favors a buy setup, waiting for bullish confirmation inside the lower FVG.
---
Suggested Trading Plan
Component Price Range (Approx.)
Buy Zone $3,300 – $3,310
Stop Loss (SL) Below $3,295
Take Profit (TP) $3,350 – $3,360
---
Risk Disclaimer
> This analysis is provided for educational and technical insight purposes only, based on the SMC/ICT methodology. It does not constitute financial advice or a recommendation to trade.
Trading in financial markets carries a high level of risk. You should do your own research and manage risk appropriately.
Past performance is not indicative of future results.
AUDUSD Losing Bullish StrengthHi there,
AUDUSD appears stagnant around the 0.64556 level, which keeps the price confined within a bearish range.
The low point at 0.63928 supports bullish momentum toward the current high, but that high is losing bullish strength.
I anticipate a bearish continuation down to 0.64046, with a target bias of 0.63561.
Happy trading! Hope you have a great and fruitful week.
K.
Not trading advice
XAU/USD Climbs Within Rising Channel Toward 3325technical analysis setup that highlights price action, support/resistance zones, and a probable price projection.
Key Observations:
1. Resistance and Support Zones:
Yellow boxes represent supply and demand zones:
Upper box (3325–3320) is a resistance zone where price repeatedly reversed.
Lower box (3290–3285) is a support zone where price found buying interest.
2. Trend Pattern:
The chart illustrates a rising channel (blue area), indicating an upward trending market.
Price is making higher highs and higher lows, confirming the bullish channel.
3. Arrows and Circles:
Red arrows (top): Indicate price rejection or bearish reversal points (resistance).
Green arrows (bottom): Indicate bounce points or bullish reversal areas (support).
These areas correspond with the upper and lower boundaries of the blue rising channel.
4. Price Projection:
The projected path (blue zig-zag line) suggests:
A slight pullback within the channel.
Followed by a continuation toward the target of 3325, aligning with the upper resistance zone.
5. Volume/Volatility Indicator:
The purple lightning bolt symbol may suggest a news event or high volatility point, often important for intraday traders.
Summary:
The chart suggests a bullish bias for gold in the short term as it trades within an ascending channel. Price action indicates potential continuation toward the 3325 resistance level, provided the lower boundary of the channel and the ~3,300 support hold.
Bitcoin has put in a top and tail, the day has just begun!!!!Over the past 24 hours, Bitcoin has exhibited high volatility, with its price surging to an intraday high of $109,844.99 and dipping to a low of $105,090.90. The 24-hour trading volume reached $63.23 billion, underscoring the market's intense activity. Currently, Bitcoin's market capitalization stands at $2.16654 trillion, reinforcing its dominant position in the cryptocurrency market.
From the perspective of fund flows and market sentiment, the U.S. spot Bitcoin ETF has attracted $5.3 billion in capital inflows over the past three weeks, indicating increased institutional participation. The market's Greed Index remains at a elevated level of 76, reflecting widespread optimism among investors. However, this may also signal potential overheating risks in the market.
Technically, Bitcoin's weekly and daily charts show potential double-top patterns. If confirmed, these patterns could mark the end of the upward trend and trigger a significant correction.
In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
CRWD – Flat Top Breakout to All-Time HighsCrowdStrike ( NASDAQ:CRWD ) is breaking out of a flat top consolidation, pushing to new all-time highs — a clean momentum setup that’s hard to ignore.
🔹 Price has been compressing just under ATHs with multiple tests of the same level — a classic flat top breakout pattern.
🔹 Today’s breakout candle is strong, with solid volume and follow-through.
🔹 This setup is all about price acceptance at new highs — and the bulls are showing up.
My Trade Plan:
✅ Entry: On breakout through the flat top
⛔️ Stop: Just below today’s low — keep risk tight
🚀 Target: Ride momentum — trail stop as price extends
Why I like this setup:
Clean structure, strong trend, defined risk
ATH breakouts often lead to trend acceleration if supported by volume
panw had their earnings today and gapped down it still has broken loose this is a good sign
Gold is rising strongly, can it retreat and go long today?🗞News side:
1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds
2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold
3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist
4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent.
📈Technical aspects:
Yesterday we gave the view that there would be suppression at the 3290 level above, but affected by geopolitics, risk aversion sentiment rose again. Today, the moving average spread upward, and the Bollinger Bands opened and expanded, and the situation is still bullish. At present, we need to pay attention to the key short-term support level, focusing on the 3280-3285 support line. If the price retreats to this level and does not weaken, it can be considered as an opportunity for us to go long. If the resistance of 3320 is broken through strongly, the upper target will move up, and the lower support will also move up accordingly. 3300 will be converted into an entry opportunity for bulls to pull back. Therefore, we need to observe the price continuity in the European session. If the European session continues to break highs, the US session's correction will still be mainly based on long positions. During the day, it is recommended to wait for gold to retreat to 3290-3280 and try to arrange long positions, looking upward to 3320-3330.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
EURUSD – Testing 1H Supply Zone, Awaiting Confirmation | ProfitaAfter a strong bullish rally breaking previous highs, EURUSD is now reacting to the 1H supply zone (OB 1H) marked in red.
We’re seeing an initial bearish rejection from this zone. If sellers maintain control, price may retrace toward the lower demand areas:
Blue OB 1H zone (1.12200 – 1.12450)
Green FVG 1H further below
However, if buyers manage to push price above the red OB and close a candle above it, continuation to the upside remains a valid scenario.
📌 Key Levels
🟢 Support Zones:
1.12200 – 1.12450
1.11780 – 1.12000
🔴 Resistance:
1.13500 – 1.13800
⚠️ Note:
Watch for lower-timeframe (M5/M3) confirmations for entry. Only act on clear setups inside the zones.
🔍 Insight by ProfitaminFX