A new round of gold price rise is coming?
💡Message Strategy
Economic data to watch
12:00, Lane, an official from the European Central Bank (ECB), will speak
12:00, Barkin, an official from the Federal Reserve (Fed), will speak
📊Technical aspects
Upward resistance: Short-term resistance is close to $3,320, which is the 61.8% Fibonacci retracement level of the downward trend from the high of $3,440 to the low of $3,120; the next major resistance is near $3,350. If it is clearly broken through, it may open up more upside space. The subsequent resistance may point to $3,380. After breaking through, the price may climb to the milestone level of $3,400.
Downward support: Initial support is close to $3,265, the first key support is near $3,220, the next major support is $3,200, and the core support is $3,220. If it falls below the $3,220 support, it may trigger further declines, and the next major support is $3,150.
Combined with the current trend of gold, from the hourly chart, gold has shown a downward retracement channel, and the upper resistance of around $20 has been repeatedly tested and has not been broken. It is not recommended to chase the rise at present.
Combined with the analysis of the downward four channels, the current mainstream trend of gold retreating to a high level and then shorting is
💰 Strategy Package
Short Position:3315-3320,3340-3350
Community ideas
Euro StrengthECB policy outlook: Some ECB members are hinting that the bank may be nearing the end of its rate-cutting cycle, which could make the Euro more attractive.
Positive Eurozone data: Better-than-expected industrial output and quarterly employment changes in the Eurozone can provide support for the Euro.
UsdJpy Trade UpdateI published a short idea on UJ stating price being overall bearish on all time frames. I personally wanted to see price retest the level of support as resistance to confirm the bearish continuation. Price did just that and entries were taken with a 1:3rr target. Stops are just above structure. We'll see what happens.
GBPUSD Will Go Up! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.341.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.350 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Gold's short-term trend lays the foundation for an upward trendAfter breaking through 3280, gold has now risen to a high of 3320, and the expected trend and strength have all been completed. There is no need to overemphasize the trend of gold. The direction is definitely bullish, and the transaction is definitely long. The key is at what point to go long and where to go high.
EURUSD Sell Swing TradeHello Traders,
I stumbled across the Euro Dollar chart on the daily time-frame only to notice we are coming near a level of some significance at 1.12778
I noticed some historic bearish rejections on this key level and whilst looking at market structure, I was interested in another bearish move from this market.
I zoomed into the 4hr time frame to see what candlestick patterns I could identify to build to some value into the trade idea.
Not only did I do this, but I found a large wick rejection candle form below my structure level which I have used for entry.
I anticipate that we will see this pair take price down to previous structure lows and break lower depending on how quickly the market reacts
Entry @ 1.12518
Stop Loss @ 1.12970 - 45.2pips
Take Profit @ 1.10751 - 176.3 pips
Best of luck if you take this !!!
XRP | Long | Channel Re-Entry Setup | (May 21, 2025)XRP | Long | Channel Re-Entry Setup + Institutional Utility | (May 21, 2025)
1️⃣ Quick Summary:
XRP had a breakout from the channel but now looks like it's heading back into that range. I’ve marked a buy zone on the chart where I plan to go long again—this area has historically shown strong demand.
2️⃣ Trade Parameters:
Bias: Long
Entry Zone: Upon re-entry into the marked channel buy zone
Stop Loss: $1.57 – clean level based on structure
TP1: $2.48
TP2: $3.00
TP3: $5.00
Final TP: $26.00 (macro target if momentum builds)
This trade is faith-backed (as you said!)—but also grounded in technical structure and long-term fundamentals.
3️⃣ Key Notes:
✅ XRP is backed by real-world utility—used in cross-border finance and embraced by institutions.
✅ Its speed (3–5 sec transactions) and low fees ($0.0002) make it one of the most efficient Layer 1s in the FinTech space.
✅ Watch for confirmation as price re-enters the channel—don’t rush.
❌ If it breaks below $1.57, setup is invalidated—preserve capital.
4️⃣ Follow-Up Plan:
If we get the re-entry and bounce, I’ll post a follow-up update for compounding opportunities and new resistance targets.
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Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
Nifty levels - May 22, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
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Wishing you success in your trading activities!
BTCUSD Technical Analysis.The chart you provided is a 1-hour candlestick chart of Bitcoin (BTC) against the U.S. Dollar (USD) on the BITSTAMP exchange, with technical analysis annotations suggesting a short trade setup. Here’s a breakdown:
Key Elements in the Chart:
Price: Currently around $106,171, showing a decline of 0.64%.
Pattern: A rising wedge or ascending triangle is broken downward, indicating a bearish move.
Entry Zone: Around the current level (~106,171).
Stop-Loss (SL): Set near 107,804, above the recent swing high.
Target: Marked near 105,018, which aligns with previous support levels.
Risk/Reward Box: Shows favorable risk-reward ratio with a green zone (reward) larger than the red zone (risk).
Projected Move: Price is expected to make lower highs and drop to the target area.
Summary:
The chart suggests a bearish outlook with a short entry around the current price, targeting 105,018, and a stop loss at 107,804. The analysis appears to be based on a breakdown from a rising wedge pattern, a common bearish reversal indicator.
Would you like help analyzing if this setup aligns with current fundamentals or sentiment?
EUR/USD Bearish Reversal? Eyes on 1.09 and 1.02 Next!EUR/USD is approaching a critical turning point after getting rejected at the 1.14431 - 1.13200 supply zone, identified by the LuxAlgo Supply & Demand tool on the 4H chart. The recent rally looks overstretched, and signs of exhaustion are starting to show.
Key Technical Levels:
Major Resistance: 1.13200 – 1.14431 (Strong sell zone – previous rejections evident)
Support 1: 1.09023 – a key breakout level turned support
Support 2: 1.02372 – major demand zone with significant accumulation history
Bearish Catalysts:
Price unable to break and close above 1.13200 cleanly
Lower high forming after a steep bullish move
Two major downward targets marked with arrows indicating possible retracements
Fundamental Watch:
Any hawkish comments from the Fed or dovish tone from ECB may accelerate the downside
Watch inflation data, Eurozone growth numbers, and NFP reports closely
Scenario: If we see a confirmed rejection and breakdown below 1.13000, short opportunities may open toward 1.0900 and possibly 1.0230 in the medium term.
What's your bias on EUR/USD? Comment below and let's analyze together!
#EURUSD #EuroDollar #ForexAnalysis #SupplyAndDemand #LuxAlgo #TechnicalAnalysis #TradingView #ForexTrader
Ethereum Long: A study of 3 trendlinesOver in this non-Elliott Wave analysis, I drew 3 trendlines from longer term to shorter term: black, blue, and green respectively. As can be seen, currently price has breached the black trendline and is testing the blue. I expect price to push past both the blue and green to hit $2647 in the short term.
USDJPY: Dear Traders,
Any Breaks over the current zone and over the red bearish trend line, is a sign of bullish moves till the next zone, 147.841.
On the other hand, any breaks below the zone and below the bullish green trend line is a sign of bearish moves till the 142.234.
Take care and have a good week.
USDJPY Technical Analysis.This chart shows the USD/JPY (U.S. Dollar / Japanese Yen) currency pair on the 1-hour timeframe, with the following analysis:
1. Current Price: 144.530
2. Trend Outlook: The analysis suggests a bearish scenario is likely.
3. Price Action:
The price has been consolidating below resistance.
The chart outlines a potential bearish rejection from the resistance zone.
4. Stop Loss (SL): Marked above the current price action, above the recent highs — a safety level in case price reverses and breaks upwards.
5. Target: The target is around 144.121, indicating a short position with a relatively small risk-to-reward range.
6. Scenarios:
Red path (bearish): Expected price to drop after failing to break above resistance.
Green path (invalidated scenario): If the price breaks above SL, the bearish setup becomes invalid.
This chart reflects a short trade setup, betting on a pullback or continuation of the downtrend. Let me know if you’d like help calculating position size, risk/reward ratio, or creating an alert system for this trade.