GU breaker block analysisSo as GU broke 1.3600 with strong impulse on 25th June, price left behind an OB at that same 1.3600 level. I see price has come back to that OB with a very strong drop on 2nd July and completely gone through the OB. As that OB or 1.36000 level has acted as support, it has been tested multiple times but price has now broken through couple of times, turning the 25 June OB into a breaker block, which now acts as resistance and I expect price to drop lower towards the next 4h OB at 1.34000 level.
I'm now waiting for price to reach the 4h OB left at 1.36190 on 8th July to short down towards 1.34000 level. For entry I'm going lower to 15min chart to see the Choch for extra entry confirmation.
Community ideas
Brace Yourselves: EURAUD’s Harmonic Storm Is Coming!Good morning, Traders ☀️
I've identified a bullish harmonic Bat pattern on the EURAUD pair.
At this stage, I'm only anticipating a reactional buy from the marked zone.
I'll determine my target level after observing the market's response from that area.
📌 I’ll be sharing the target details under this post once the reaction unfolds.
Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
POLYCAB INDIA SHORT SELLTrade Idea : Polycab India Ltd (NSE: POLYCAB) SHORT SIDE
Current Price : ₹6,740
Resistance Zone: ₹6,800 – ₹6,875
Bias : Short (Sell) below resistance
Rationale
Polycab India Ltd is currently facing strong resistance in the ₹6,800–₹6,875 zone. The price has attempted to break above this area but failed to sustain, indicating potential exhaustion of bullish momentum. Unless there is a weekly closing above ₹6,850, the setup favors a short position targeting a pullback.
Trade Plan
Entry: Near ₹6,800–₹6,875 resistance zone or red zone
Stop Loss: Above ₹6,875 (weekly close above ₹6,850 invalidates the setup)
Target: ₹6,250–₹6,260 zone
Risk-Reward: Favorable, with a clear invalidation point and defined downside target
Chart Observations
Price action shows repeated rejection in the marked supply zone.
Volume analysis supports the likelihood of a reversal.
The projected path anticipates a move down to the ₹6,250 area, as highlighted on the chart.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Trading and investing in the stock market involves risk. Please do your own research or consult a qualified financial advisor before making any trading decisions. The author is not responsible for any losses incurred as a result of following this analysis.
Elliott Wave Analysis – XAUUSD July 9, 2025
🔻 Momentum Analysis
D1 timeframe: Momentum is approaching the oversold zone and may reverse upwards today or tomorrow.
H4 timeframe: Momentum is already in the oversold zone. The two momentum lines are converging, signaling weakening downward pressure and a potential reversal.
🌀 Elliott Wave Structure
The price level around 3318 (previous buy zone) failed to hold, despite a ~100-pip bounce before continuing to decline.
Currently, price is nearing the lower boundary of a contracting triangle – a typical abcde corrective pattern.
Based on the current wave structure:
- Wave d (purple) appears to be complete.
- Price is now likely forming wave e, expected to end near 3279, which coincides with the triangle’s bottom support.
If the pattern holds, a strong breakout above the upper triangle boundary is expected once wave e completes.
However, note: the formation of a triangle during a corrective wave often signals that the uptrend is nearing its end in the longer term.
📌 Trading Plan
Given the complex 3-wave structure typical of triangles, risk is elevated, so:
Trade with reduced position size, or
Preferably wait for a confirmed breakout above the triangle before entering.
Suggested Trade Setup:
✅ Buy Zone: 3280 – 3277
❌ Stop Loss: 3270
🎯 Take Profits:
TP1: 3309
TP2: 3342
TP3: 3390
AUD-JPY Bullish Breakout! Buy!
Hello,Traders!
AUD-JPY is trading in a
Strong uptrend and the pair
Made a bullish breakout of
The key horizontal level
Of 95.650 which is now a
Support and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Crude oil shock trend direction
💡Message Strategy
During the European trading session on Monday, the West Texas Intermediate (WTI) crude oil futures on the New York Mercantile Exchange recovered the previous losses and rebounded to around $67.50 per barrel. Although OPEC+ confirmed that the increase in oil production in August will be higher than expected, oil prices still rebounded.
From the daily chart level, the medium-term trend of crude oil fluctuated upward and tested around 78. The K-line closed with a large real negative line, which has not yet destroyed the moving average system and is still supported. The medium-term objective upward trend remains unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bullish momentum is weakening. It is expected that the medium-term trend of crude oil will fall into a high-level oscillating upward pattern.
📊Technical aspects
The short-term (1H) trend of crude oil failed to continue to hit a new low and showed a rebound rhythm. The oil price crossed the moving average system, and the short-term objective trend entered a transition period. From the perspective of momentum, the MACD indicator crossed the zero axis, and the red column indicated that the bullish momentum was sufficient. At present, the price is running in a wide range, with a range of 65.50-67.80. It is expected that the trend of crude oil will repeatedly test the upper edge of the range within the range.
💰Strategy Package
Long Position:67.00-67.50,SL:65.50,Target:70.00
AMZN Near Critical Pivot AMZN Near Critical Pivot – Option Traders, Watch These GEX Levels Carefully!
🧠 GEX Analysis for Options Trading:
Amazon is sitting right below its Gamma Wall at $225, which aligns with the highest positive NETGEX, suggesting a significant resistance zone. There's a clear call wall stack at $227.5 and $230, with GEX values ramping up between $223.5 to $232.5, pointing to a possible squeeze if price starts reclaiming the $222.5–$225 range. However, the current rejection confirms short-term hesitation.
* Put Support builds around $215, with the PUT wall at $212.5 and heavy GEX defense at $217.5.
* Current GEX sentiment leans slightly bullish (📗), but with only 9.8% calls and IVR/IVX at 3.1/3.5, the market seems cautious—no extreme positioning or imbalance.
* IV is relatively low, which means option premiums are cheap—ideal for debit spreads or directional calls if price starts reclaiming $222.
🟢 If price breaks back above $222.5 with volume, consider long calls targeting $225–$230.
🔴 If it breaks down below $217.5 with momentum, puts toward $215 or even $212.5 become attractive.
📉 1-Hour Chart Technical Outlook:
Price structure has clearly shifted bearish following a confirmed CHoCH (Change of Character) beneath a previously bullish zone around $223–$224. There's been a break of trendline support, and price is currently consolidating just above the $217.5–$218.75 key support zone, which aligns with HVL and GEX defense.
* Previous BOS and CHoCH zones have now flipped into supply, and unless bulls reclaim $222.5, rallies may be sold into.
* A liquidity sweep could develop toward $215 or $212.5 before any rebound.
* Volume spike on the drop shows seller aggression. Reclaiming the broken OB (purple box) could flip bias back short-term bullish.
🟢 Scalp Long above $220.5 toward $222.5–$224 if buyers step in on reclaim.
🔴 Scalp Short below $217.5 targeting $215–$213.
⛔ Stay out in the chop zone between $218–$220. Let the market show its hand.
🎯 Key Trade Suggestions:
* Call Option: Break/retest $222.5 → Buy $225C / $230C (Jul 12/19 expiry)
* Put Option: Break $217.5 → Buy $215P / $212.5P (Jul 12/19 expiry)
* Spread Idea: If long bias confirmed, $222.5/$227.5 call debit spread offers low IV play
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
ICNT/USDT>break resistanceICNT/USDT finally managed to break the key 0.29 resistance today after multiple attempts, confirming strength in the current uptrend. Following the breakout, price surged quickly to 0.33, showing strong bullish momentum and clear buyer dominance.
Now, price is retesting the breakout zone, turning previous resistance into a potential new support. This healthy retest phase offers a solid opportunity to build a position (DCA)
If the support around 0.27–0.255 holds, ICNT could be gearing up for the next leg toward the 0.37–0.41 zone.
MRNA looking strong at cmpModerna remains in a precarious transition phase—from COVID-revenue dependency toward a diversified vaccine portfolio. Technically, momentum favors upside in the short-term, but fundamentals and macro-regulatory factors suggest caution. If its RSV and flu/COVID combo rollouts succeed and regulatory support stabilizes, it could rebound toward analyst targets near 60. Otherwise, expect choppier consolidation or downward pressure.
GBP/JPY BEARISH AB = CD PATTERN Potential Short Opportunity fromMarket Structure
Price formed a Higher High (HH) and is now completing a Bearish AB=CD harmonic
pattern
The Potential Reversal Zone (PRZ) has been tapped
RSI shows bearish divergence at the second HH, suggesting weakening bullish
momentum
Technical Details:
Pattern: Bearish AB=CD with clear symmetry
Key zone: PRZ between 198.684 and 199.128
Bearish RSI divergence adds extra confluence
Potential Sell Stop strategy below structure for safer entry confirmation
Bias Bearish (Pattern Completion + Divergence)
Short bias is activated only on the confirmation, either by sell-stop break or strong
rejection candles inside PRZ
If the price breaks above 199.128, the bearish setup is invalidated
Trade Plan
Action Level / Condition
Sell Entry Below 198.684 (Sell Stop Trigger Zone)
Stop Loss Above 199.128 (invalidation of PRZ)
Target 1 198.066
Final Tp 197.564
✅ Wish you best of luck and happy trading!
Nvidia - New all time highs!Nvidia - NASDAQ:NVDA - breaks out now:
(click chart above to see the in depth analysis👆🏻)
Within two and a half months, Nvidia rallied more than +70%. Following this recent bullish strength, a retest of the previous highs was totally expected. But this does not seem to be the end at all. There is a much higher chance that we will see new all time highs soon.
Levels to watch: $150
Keep your long term vision🙏🙏
Philip (BasicTrading)
SHIBA BULL/BEAR📊 SHIB/USDT (1H) Analysis
Price is consolidating inside a rising wedge pattern. A strong breakout is expected soon.
Possible scenarios:
✅ Bullish case: Break above the upper trendline (~0.0000124) could push SHIB towards 0.0000130 - 0.0000134.
❌ Bearish case: If support around 0.0000115 fails, a drop toward 0.0000100 - 0.0000104 is likely.
🔎 Key levels to watch:
Resistance: ~0.0000120 — critical for confirming a bullish breakout.
Support: ~0.0000115 — losing this level could trigger a sharper decline.
Watch RSI and volume for breakout confirmation.
💡 Trading idea:
Long on breakout & retest above 0.0000124, targets at 0.0000130+.
Short on breakdown below 0.0000115 with targets near 0.0000100.
Use tight stops outside the wedge for risk management.
Bullish bounce?The Cable (GBP/USD) has bounced off the pivot and oculd rise to the 1st resistance which is a an overlap resistance.
Pivot: 1.3531
1st Support: 1.3423
1st Resistance: 1.3675
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.
Gold Returns to the $3,300 per Ounce ZoneOver the past two trading sessions, gold has depreciated more than 1.5%, as a consistent bearish bias begins to emerge in price action. For now, selling pressure has remained steady, supported by a temporary decline in global economic uncertainty and a recent rebound in U.S. dollar strength, factors that have led gold’s upward momentum to steadily weaken.
Lateral Range Remains Intact
Recent price action in gold has defined a well-established sideways channel, with resistance near $3,400 and support around $3,200 per ounce. So far, price movement has been insufficient to break out of this range, making it the most relevant technical structure to monitor in the short term. As long as price remains within these boundaries, neutrality may continue to dominate.
Technical Indicators
MACD: The MACD indicator continues to oscillate near the neutral zero line, signaling that momentum from moving averages remains balanced. If this pattern persists, the sideways range could extend further.
RSI: A similar pattern is unfolding with the RSI, which is hovering around the 50 level, indicating a constant balance between buying and selling pressure. Sustained moves at this level could reinforce short-term price neutrality.
Key Levels to Watch:
$3,400 per ounce: This historical high acts as the most significant resistance in the short term. A breakout above this level could trigger a stronger bullish bias and revive the upward trend stalled in recent weeks.
$3,300 per ounce: The current level aligns with the 50-period simple moving average. Price movement around this zone could extend market neutrality.
$3,200 per ounce: A key support level and recent low. A retest of this area could trigger a more decisive bearish bias in the short term.
Written by Julian Pineda, CFA – Market Analyst
FIOUSDT Forming Falling WedgeFIOUSDT is starting to gain traction among crypto traders as it sets up a classic falling wedge pattern, which is widely known as a reliable bullish reversal indicator. After an extended downtrend, this pattern often signals that sellers are losing control and a potential upside breakout could be imminent. The fact that FIOUSDT is showing good volume adds further confirmation that market participants are accumulating at these levels, which could propel the price higher.
Currently, traders are eyeing an expected gain of around 50% to 60%+ from this breakout setup, which makes FIOUSDT an interesting pick for short- to medium-term swing trades. With the broader market sentiment gradually improving, coins with strong technical patterns like this often outperform as buyers look for fresh opportunities. Watching for a clear breakout above the wedge’s resistance line could provide a solid entry point for those looking to ride the next leg up.
Investors are also taking notice of the fundamentals behind the FIO project, which adds confidence to this bullish technical outlook. As more traders spot this wedge formation and volume trend, the likelihood of follow-through buying increases, potentially leading to a sustained move toward the target range. Be sure to keep an eye on support levels and trailing stops to manage risk as the setup develops.
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MDTUSDT Forming Bullish ReversalMDTUSDT is currently capturing the attention of crypto traders who are searching for high-risk, high-reward setups in the altcoin market. The chart shows MDTUSDT forming a clear falling wedge pattern that has now been broken to the upside, indicating a strong bullish reversal signal. With good volume supporting this breakout, the technical structure suggests that a massive price move could be on the horizon if momentum continues to build.
What’s particularly interesting about MDTUSDT is the significant upside potential traders are targeting, with an expected gain in the range of 190% to 200%+. This aligns with the measured move from the wedge pattern, giving bulls confidence that the current breakout could translate into sustained upward price action. As more traders recognize this setup, we could see increased buying pressure pushing MDTUSDT higher.
Investors are also showing renewed interest in the MDT project, adding a layer of fundamental support to the technical outlook. This blend of solid technicals and growing investor confidence makes MDTUSDT a compelling pick for anyone looking to catch a strong altcoin rally. Keep a close eye on follow-through volume and key resistance levels to confirm the strength of this breakout move.
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Gold is in a tug-of-war again
The oscillating pattern under the tug-of-war between gold risk aversion and the dollar
News: The interweaving of long and short factors has caused gold to fall into a tug-of-war
Positive factors:
Trump's new tariff policy: The United States will impose a 25% tariff on Japanese and Korean goods from August 1, and US stocks fell in response. The market's risk aversion sentiment has increased, and the price of gold has rebounded from a low of 3296 points to 3345 points.
The central bank continues to buy gold: The People's Bank of China continued to increase its gold holdings in June, buying for the eighth consecutive month, which has long supported the price of gold.
The long-term weakness of the US dollar: Although the US dollar index has strengthened in the short term, it has fallen 10% this year, close to a three-and-a-half-year low. Gold is still attractive as an anti-inflation asset.
Negative factors:
The US dollar has strengthened in the short term: Boosted by strong non-agricultural data, the US dollar index rebounded to 97.67, suppressing gold buying (especially non-US currency holders).
Geopolitical risks have cooled: There has been no major conflict in the international situation recently, and the demand for safe havens has declined. The rise in gold prices lacks sustainability.
Personal opinion:
Gold is currently in the game stage of "safe-haven support level vs. US dollar suppression level", and the short-term trend depends on the market's expectations of the Fed's policies and trade frictions. If the US dollar continues to rebound, gold prices may be under pressure; but if US economic data weakens or geopolitical risks reappear, gold prices may break through the range of fluctuations.
Technical aspect: shock narrowing, direction to be broken
Daily level: range fluctuations (3295-3345), moving average adhesion, unclear trend, need to wait for breakthrough signals.
Key points:
Resistance level: 3345 (multiple highs fall back, break through to see 3400).
Support level: 3295-3300 (break through may fall to 3270-3260).
4-hour chart: MACD golden cross is fragile. If the price falls below 3320, it may turn into a dead cross, exacerbating the risk of a pullback.
Weakness of hourly chart: K-line is under pressure from the short-term moving average. If the rebound in the early trading is weak, it may continue to fluctuate downward.
Personal strategy:
Short-term bearish: Before the effective breakthrough of 3345, you can lightly hold short orders, and wait for the price to rebound to 3320-3330 before testing short orders, with the target at 3300-3295.
Bull opportunity: It may pull back to the support area of 3290-3295 to stabilize, and you can arrange long orders.
Summary and operation suggestions
Core logic: Gold is stuck in the deadlock of "news disturbance + technical shock", and we need to be wary of false breakthroughs.
Key points: Upward breakthrough: If it stands firm at 3345, it will look to 3400. Downside risk: If it loses 3295, it may test the support of 3270-3260.
Subjective tendency: In the short term, it is more inclined to bearish volatility, because the dollar is strong and the sustainability of risk aversion is questionable. However, if the Fed releases dovish signals or US stocks fall sharply, gold may reverse quickly.
Weekly CRT on XauusdBuy the dip bros
The gold will fly
Just find entry and keep buying
Retracement, buy
buy
buy
buy and buy
Don't go to far trying to sell the market
The real direction is up
Confluences for buy:
20 day ipda range sweep of the previous day low
Weekly CRT
CRL was swept
1 hour cisd
Targeting CRH and ATH