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XAUUSD[GOLD]: 1 Hour View Show Extreme Seller Volume Gold in a shorter time frame shows extreme bearish volume kicking in the market, where bulls are failing to push prices higher. Additionally, if you’re someone who analyses patterns, a HEAD AND SHOULDERS pattern has also formed. There are three targets you can aim for. We extend our best wishes and good luck in your trading endeavours. Your unwavering support is greatly appreciated. If you’d like to contribute, here are a few ways you can assist us: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_🚀❤️
OANDA:XAUUSDShort
by Setupsfx_
20
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A decent day on the markets after the frustrating range being played early week. We said we expected the play to be between the 3210 and 3255 region with a break either side deciding the short term direction. We waited lower for the 3203-5 region early session, managed to get 3204 and then long on the red boxes which guided the way as well as our trusted algo Excalibur. Excalibur completed 4 Gold targets in a day with another insane pip capture. Well done team. So now we have an open level above 3290-95 with our indicator starting to show the stretch upside. Rather than attempt long up here, we'll look higher for a potential RIP based on a clean set up, if we get that support is on the flip at 3255-60 which is the retracement level. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
3
USDJPY – Potential Reversal Setup from Key Demand Zone After several days of consistent bearish momentum, price action on USDJPY has finally tapped into a well-defined demand zone just below 144.40 – an area previously tested with strong bullish reaction. I’m now anticipating a potential **Change of Character (CHOCH)** as price forms a temporary floor. The rejection wick near 144.10 gives a hint of buyer interest, with confluence from a Fair Value Gap (FVG) and prior liquidity sweep. 📍 **Entry:** Around 144.38 📈 **Target Zones:** → First Target: 146.00 (structure retest) → Final Target: 148.66 (major liquidity pool and previous high) ❌ **Invalidation:** Break below 143.70 If this move plays out, we could be looking at a solid **Risk-to-Reward above 3:1**. Patience now is key – I’ll wait for a strong bullish engulfing to confirm momentum shift before scaling in. 🧠 *Note:* Fundamentals (Fed tone + JPY weakness) and macro sentiment could serve as accelerators. ---
by Lordemerson
4
USDCAD Consolidation Within Bullish Flag – Targets 1.4130USDCAD is consolidating inside a descending flag structure following a strong impulsive rally earlier in May. The current pullback is orderly and corrective, indicating potential for continuation higher. If price breaks above 1.3960, this flag breakout could extend toward 1.4130 and possibly 1.4225. With CAD weakening on soft oil prices and USD regaining strength from yield-driven flows, the bias remains bullish while price stays above 1.3870. 🔍 Technical Analysis Pattern: Bullish flag forming after a strong rally Support Zone: 1.3870–1.3900 → base of flag Resistance/Breakout Zone: 1.3960–1.3980 → upper flag line Structure: Higher lows holding firm Fib confluence near 1.3933 (23.6% retracement) Target Levels: 1.4130 – 50% fib level + previous structure resistance 1.4225 – 61.8% fib zone from March–April high 📈 Bias: Bullish continuation on breakout 🌍 Fundamental Context 🇺🇸 U.S. Dollar (USD) Supported by: Higher bond yields Fed expected to hold rates higher for longer Safe-haven inflows post-Moody’s downgrade fading USD Index recovering broadly across majors 🇨🇦 Canadian Dollar (CAD) Oil prices softening due to global demand concerns (China slowdown, US inventories) BoC likely done hiking — no fresh bullish catalysts CAD correlation with crude oil adds downside risk if energy markets weaken further 🎯 Trade Plan Entry: Break and close above 1.3960 Stop Loss: Below 1.3870 (flag support zone) Targets: TP1: 1.4130 (structure resistance + fib level) TP2: 1.4225 (swing high + golden ratio) ⚠️ Risk Factors to Watch If USD sentiment shifts (e.g., dovish Fed speaker) → breakout may fail Crude oil rebound would support CAD and cap USD/CAD upside False breakouts common near 1.3960 — wait for confirmation (strong candle close) 🧭 Conclusion USD/CAD remains in a bullish consolidation phase with a clear continuation setup. A break above 1.3960 would confirm a flag breakout targeting 1.4130 and 1.4225. With the macro backdrop favoring the USD and energy-linked CAD weakening, this setup offers clean structure and potential for follow-through.
Long
by ultreosforex
1
EURGBP BULLISH OR BEARISH DETAILED ANALYSISEURGBP is currently respecting a well-defined rising channel structure on the daily timeframe, and the pair has just delivered a strong bounce off the lower trendline support. This fresh reaction suggests renewed bullish momentum from the bulls stepping in at a key zone. The current price is hovering around 0.84–0.8450, and I’m targeting a move towards the 0.87 area, aligning perfectly with the upper boundary of the channel and a clean resistance level from previous market structure. From a fundamental standpoint, euro sentiment is being supported by sticky inflation across the Eurozone. The ECB remains cautious with any premature easing, with policymakers signaling a data-dependent approach to rate cuts. Meanwhile, the UK economy is under pressure after the latest GDP figures confirmed weak growth, adding weight to the Bank of England’s dovish leanings. Traders are now increasingly pricing in rate cuts from the BOE in the coming quarter, creating a clear divergence in monetary policy outlooks — a bullish driver for EURGBP. This technical setup is further reinforced by bullish candlestick formations on the daily chart, signaling a potential reversal from recent weakness. RSI is bouncing off mid-levels, and there's early crossover potential in MACD favoring upward momentum. Price has also reclaimed key support near 0.8400, now likely to act as a floor going forward. As long as price remains above this zone, the path of least resistance remains to the upside. With this combination of a rising channel pattern, supportive euro fundamentals, and GBP macro weakness, EURGBP presents a high-probability long opportunity. I remain bullish on this pair with a clean 0.87 target in view. Momentum is building, and this setup fits perfectly into a swing trading model with trend continuation potential.
Long
by AndrewsMarket-Mastery
1
XAU/USD: More Bullish Move Ahead? (READ THE CAPTION)By analyzing the gold chart on the 2-hour timeframe, we can see that after our last analysis, the price dropped to $3120, and then faced strong buying pressure, pushing it back up to the $3240 area! Gold is now trading in a critical zone for trend direction. If the price manages to hold above $3233, we can expect further bullish movement. This analysis will be updated with your support! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FX_IDC:XAUUSDLong
by ArmanShabanTrading
25
EURUSD - The Bears Are Getting Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURUSD has been bullish trading within the rising blue channel. However, it is currently retesting the upper bound of both red and blue channels. 🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper trendlines and orange resistance zone. 📚 As per my trading style: As #EURUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
2
Deep Dive into Internet Capital Markets (ICM) - New Narrative Revolution or Speculation? Internet Capital Markets (ICM) is an emerging concept in crypto, allowing developers and startups to raise capital directly from communities via blockchain and social platforms like X (formerly Twitter). ICM tokenizes ideas, apps, and projects, bypassing traditional intermediaries such as venture capitalists. Key Concepts & Mechanisms of ICM ICM is founded on decentralization and social dynamics: Tokenization & Democratized Capital: Any user can launch a token representing their idea using platforms like Believe.app, simply by posting on social media with specific tags (e.g., "$TICKER + project name"). This dramatically simplifies fundraising, reducing barriers and costs. Bonding Curve Pricing: Initial liquidity and token pricing are set automatically through a bonding curve mechanism, increasing token prices as demand grows. Trading on DEX: Tokens typically move to decentralized exchanges (e.g., Meteora) once achieving market caps around $100,000, boosting liquidity and investor accessibility. By May 2025, over 9,000 tokens have launched, total market capitalization surpassed $350M, with trading volumes reaching $411.6M. Market Leaders & Success Stories Believe app: Dominant ICM platform, with over 3,192 tokens launched and 107,078 traders. $LAUNCHCOIN: Native token of Believe app, achieving $250M market cap and 18% growth in 24 hours. Other notable projects: $DUPE: Aggregator for product analogues ($63M market cap) $NOODLE: Crypto analogue of popular game agar.io ($3.1M market cap) $GOONC, $BUDDY: Highly volatile, speculative tokens popular among traders. Driving Factors Behind ICM’s Popularity ICM’s rapid growth is fueled by: Investment Democratization: Eliminating geographical and financial barriers. Speculative Potential: Opportunities for substantial profits (up to 50,000% ROI in 24 hours). Social Mechanics & Simplicity: Viral growth via platforms like X (Twitter). Solana's Technological Edge: Low transaction fees ($0.00025) and high transaction speeds (up to 65,000 TPS). ICM Prospects: Optimism vs Risks Optimists foresee a revolutionary expansion of capital access, driving Web3 and dApp innovations. Pessimists, however, highlight risks: Extreme Volatility: Tokens like $NOODLE dropped 61% in 24 hours. Regulatory Uncertainty: Lack of clear regulations, especially in the US, poses significant startup risks. Speculative Nature: Critics label ICM as "meme coins under a new name," noting limited intrinsic value in many projects. Long-term success hinges on sustainable projects emerging and clarity on regulatory frameworks. Impact on Real World Assets (RWA) ICM holds potential for reshaping tokenized real-world assets (e.g., real estate, bonds, art): Positive Impacts: Lower entry barriers, increased liquidity, and new tokenization models for intellectual property or future revenues. Current Limitations: Technological and regulatory constraints currently limit integration of complex RWAs with ICM. Future Potential: Over the next 3-5 years, integration could strengthen significantly, contingent upon regulatory clarity. How to Profit from the ICM Trend? Key earning strategies include: Token Creation & Sales: Launching tokens on platforms like Believe.app, earning up to 50% in trading fees. Early-stage Investing: Buying tokens pre-DEX launch, offering high-risk/high-reward potential. Short-term Trading: Exploiting token volatility on DEXs for rapid profits. Participating in Airdrops: Obtaining free tokens from emerging projects. Infrastructure Development: Building analytical tools and integrated wallets, attracting venture funding or tokenization. Diversification, monitoring social engagement, and avoiding questionable projects are essential risk mitigation strategies. Future Challenges & Opportunities ICM faces notable challenges: Regulation: Uncertainty and potential legal sanctions remain significant risks. Market Volatility: Requires sophisticated analysis and cautious strategies. Integration with AI: Leveraging artificial intelligence for trading optimization and market analytics can offer substantial competitive advantages. Navigating the landscape requires balancing innovation and regulatory compliance for sustainable growth. Conclusion Internet Capital Markets represents a revolutionary approach to capital formation, transforming traditional fundraising. Despite impressive growth and potential, careful navigation is needed due to high volatility and regulatory uncertainties. Platforms like Believe.app demonstrate model viability, yet long-term success will depend on achieving a balance between meaningful project value and clear regulatory frameworks. ICM uniquely blends innovation and speculation. Time will tell whether it becomes foundational within the financial ecosystem or simply another speculative crypto bubble. Best regards EXCAVO
MEXC:LAUNCHCOINUSDT
by EXCAVO
3
HelenP. I Bitcoin can drop to $99500, breaking support levelHi folks today I'm prepared for you Bitcoin analytics. Price is currently testing a crucial area where multiple technical factors converge. After an extended period of consolidation between 101500 and 105100 points, the price failed to break the upper boundary and instead reversed, showing increased bearish momentum. The recent move has brought BTC right to the lower edge of the consolidation range, which aligns with the ascending trend line, a level that has held multiple times before. This time, however, the setup looks weaker. Price pierced through the trend line slightly, and while there was an initial reaction from buyers, the overall structure suggests a loss of bullish strength. The market has been forming lower highs, and this recent failure to hold above the trend line could be a signal that sellers are beginning to dominate. Given this context, I expect that BTCUSDT will soon break decisively below the ascending trend line and move through the 101500 - 100800 support zone. If this zone is lost, the next logical target lies at the 99500 level, which aligns with the broader structure and the base of a previous impulse. My outlook remains bearish for now, with 99500 as the next key objective. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
14
NZD/JPY Breaks Wedge Structure – Bearish Setup Targets 82.42NZD/JPY has broken down from a rising wedge and failed to reclaim upper support, now acting as resistance. The structure is cleanly bearish on the 4H chart, with rejection near 85.60 and a confirmed lower high. Weak New Zealand data and rising safe-haven demand for JPY add weight to this technical setup. Price looks poised to extend toward 82.42 and possibly 80.99 if momentum builds. Bearish bias is valid unless price closes above 87.17. 🔍 Technical Analysis Chart Pattern: Rising wedge → broken → retest failed Bear Flag: Forming below wedge base, suggesting further downside Resistance Area: 85.60–87.17 Bearish Structure: Lower highs and bearish candle formations Price unable to reclaim former support trendline Support Targets: First TP: 84.00 – minor support, fib confluence Second TP: 82.42 – March swing low Final TP: 81.00 zone – next fib cluster 🌍 Macro Fundamentals 🇳🇿 New Zealand Dollar (NZD) Retail Sales missed: 0.0% vs 0.9% forecast → consumer sector is slowing Core Retail Sales weak: 0.7% vs 1.4% Dairy auction (GDT Index) down -0.9% → key export underperforming Implication: Risk of slower growth → RBNZ may shift toward neutral/dovish stance 🇯🇵 Japanese Yen (JPY) JPY supported by risk-off flows due to: U.S. credit downgrade Iran-US nuclear tension Declining global PMI forecasts Yen strengthens as traders seek safe havens despite BoJ’s dovish baseline 🎯 Trade Plan Bias: Bearish Entry Zone: 85.50–85.60 (confirmation area) Targets: TP1: 84.00 TP2: 82.42 TP3: 81.00 Stop Loss: Above 87.17 (invalidates wedge breakdown) ⚠️ What to Watch China sentiment or surprise stimulus (may support NZD) Sharp equity rallies (could reduce JPY demand short-term) If NZD/JPY closes above 86.00, reduce position or stay out 🧭 Conclusion NZD/JPY has rolled over from a broken rising wedge, now forming a clean bearish continuation structure. Weak NZ data and macro risk flows into JPY favor downside extension. This setup offers clear levels, defined risk, and macro alignment — ideal for disciplined short entries.
Short
by ultreosforex
1
EURCHF: Get Ready For Another Bullish MovementEURCHF: Get Ready For Another Bullish Movement The EURCHF pair has tested a major support zone for the fourth time since December 2023. This level also marks the lowest price in years. If this support holds, EURCHF could rebound towards key resistance levels: 0.9410, 0.9425, 0.9485, 0.9545, and 0.9600. 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.
Long
by KlejdiCuni
3
GBP/USD About to Explode?GBP/USD is currently trading around the 1.3360–1.3380 zone after testing the key weekly resistance area between 1.3400 and 1.3450. The bullish momentum remains strong, supported by speculative positioning still favoring the pound, while the dollar shows signs of softening. On the macro side, the interest rate differential between the UK and the US may narrow in the coming months, but for now, it continues to support upward pressure on the pair. From a technical standpoint, price has broken out of an ascending triangle on the daily chart, showing strong momentum and confirmation with multiple closes above 1.3300. Market sentiment remains skewed to the short side, adding contrarian fuel to the bullish bias. The key short-term support lies between 1.3270 and 1.3300. As long as this area holds, the base case favors a continuation toward 1.3520 and potentially 1.3600. A break below 1.3170 would invalidate the current bullish structure and open the door for a deeper pullback toward 1.3000. From an execution standpoint, a confirmed breakout above 1.3415 could offer a long entry opportunity with active management. Still, caution is advised around the weekly supply zone due to its historical responsiveness. Eyes remain on upcoming macro data and potential volatility from central bank statements.
Short
by EdgeTradingJourney
9
ULTIMA SHOWS SAME PATTERN AS BTC BEFORE EXPLOAD TO THE 100K🔥 Ultima has formed a bullish descending flag pattern on the daily chart. The same pattern led BTC to an explosive rise to $100,000 at the end of the previous year. This pattern is historically a correction in a bullish trend and breaks to the upside, continuing the rise. Ultima has been one of the strongest technologically backed tokens this cycle . The token has risen in value by over 1000% from its low in the summer and now, having set a new atx, is consolidating under it, gaining strength for the next momentum. Last weekend was a strong shakeout for leveraged traders and the price corrected to key support at $15,000. And on top of that, a FVG (Fair Value Gap) formed above, which 99% of the time closes sooner or later. ⚙️ Metrics and indicators: RSI - hit 16.9, which historically signifies an oversold zone and leads to at least a short-term bounce. The last time the RSI reached these levels, Ultima's price rose 469% in 2 months. MACD - after a prolonged decline, is now approaching to converge and give a bullish cross section, historically signifying a return to an uptrend. EMA - price has reached the 200 EMA level on the daily chart and is trying to consolidate above, as we all know, the first test of the 200 EMA in a bull market usually leads to explosive buy impulses. Volume - the entire correction took place over the weekend on lower volumes, dropping gamblers with shoulders. Major buying followed as early as the weekdays with many times the volume. 🌐 Fundamental: Ultima is a strong project with a good background in the form of a strong dev and marketing team. The token made it to the top 200 CMC in no time. Holds events all over the world and participates itself, presenting really good products like cryptocard. And the freshly launched in April, trading bot has increased the trading volume of the token many times, which is perfectly visible on the chart. I think many traders were actively shorting at this time, because despite the huge volumes of buyers, there were no strong upward impulses, so now there is a lot of liquidity at the top. And as we know, the price of an asset moves from liquidity to liquidity, it is its fuel. 📌 Conclusion: The token is now clearly undervalued by the market by all metrics and technical analysis. So it is expected at least a technical bounce, which it has already started by the way, to close the GAP in the range of $15,357 - $20,240. I have gained a spot position in the support zone of $13,100 - $14,814, with an average entry price of $13,560 and expect at least a return to the listing peak level, at about $18,959, a consolidation above which would probably mean a new ATH.
Long
by Crypto_Inside_trading
1
USDCHF Will the Downtrend Break or Bounce? Full Trade Plan TodayUSDCHF – Will the Downtrend Break or Bounce? | Full Trade Plan Today 🔥 🌍 Macro Overview USDCHF remains in a short-term bearish correction, reflecting current macroeconomic uncertainties surrounding US interest rate expectations and safe-haven demand for CHF. USD is under pressure after softer-than-expected CPI and PPI data last week, increasing speculation that the Fed may cut rates in Q3. CHF continues to benefit from its safe-haven status amid ongoing geopolitical uncertainty and fragile European growth. However, the key support around 0.8318 has acted as a major demand zone. If bulls react strongly here, we could see a technical rebound in the short term. 📉 Technical Analysis (H1–H2) USDCHF is trading within a descending channel, showing lower highs and lower lows. Price is now testing the lower boundary of the channel around 0.8318, which also aligns with a key liquidity area. EMAs (13 and 34) still slope downward, but momentum is slowing — a possible signal that sellers are losing strength. 🔑 Key Levels to Watch 🔺 Resistance Zones: 0.8395 → Recent swing high & supply zone 0.8459 → Medium-term structural resistance 🔻 Support Zones: 0.8318 → Major confluence zone (channel bottom + demand block) 0.8230 → Final support level before deeper drop 🎯 Trade Setups ✅ Scenario A – Bullish Reversal from Support (Preferred): Entry (Buy): 0.8318 – 0.8322 (after bullish rejection confirmation) Stop Loss: 0.8288 Take Profits: 0.8395 → 0.8430 → 0.8459 ✅ Scenario B – Bearish Breakdown Below Support: Entry (Sell): 0.8300 – 0.8310 (only if price closes below 0.8310 on H2) Stop Loss: 0.8340 Take Profits: 0.8260 → 0.8230 → 0.8200 ⚠️ What to Watch Today: Market may see higher volatility during the US session, especially with housing data (Existing Home Sales) and Fed speakers lined up. Watch for clean price action around 0.8318 — no need to rush entries until confirmation appears. This is a reactive market, not a predictive one. Let price speak first. 📌 Follow for real-time market updates and actionable strategies during US trading hours.
Long
by MMFlowTrading
7
Wolfspeed (WOLF) – A Deep Value Play or a Target Under Siege?Personally, I’ve been keeping a close eye on Wolfspeed’s progress this year. There have been plenty of hurdles, big red days, and clear signs of aggressive shorting. But despite the blood in the water, I believe this company holds serious long-term value. With the global electrification trend accelerating—EVs, renewables, industrial upgrades—Wolfspeed is at the core of this transformation through its leadership in silicon carbide (SiC) technology. I´ve been buying form the start of the year and currently own 2739 shares with the average price of 4,1. ✅ Bullish Catalysts (Upside Potential) Market Cap: $604.61M Shares Outstanding: 155.63M Short Interest: 67.17M shares (43.53% of float) Short Shares Available: Only 150K Borrow Rate: 79.17% (!!) Something doesn’t add up here... With this level of short interest and borrow costs, it feels like either someone wants to short this to zero or they're trying to take over the company. Bullish Catalysts (Upside Potential) Electrification Megatrend: EVs, renewables, and energy storage demand Wolfspeed's SiC chips. SiC Monopoly Moves: WOLF owns the world’s largest SiC fab (Mohawk Valley), positioning itself for high-margin dominance. Short Squeeze Setup: 43% short interest + 79% borrow rate = explosive squeeze potential if any positive catalyst hits. Government Subsidies: IRA, CHIPS Act, and local subsidies could ease funding stress. Takeover Target: At just $600M market cap, Wolfspeed is ripe for M&A by a larger chipmaker or automotive OEM. Long-Term Demand: Tesla, Onsemi, Infineon and others are doubling down on SiC—the market is expected to 10x by 2030. ❌ Bearish Catalysts (Risks & Headwinds) Cash Burn & Dilution Risk: Fabs are expensive. Cash burn remains a serious concern—future capital raises may dilute shareholders. Earnings Underperformance: Recent quarters have missed expectations, with weak utilization at new facilities. Execution Risk: Delays in ramping up production at Mohawk Valley create uncertainty. Competitor Pressure: STMicro, Infineon, and Onsemi are catching up fast in SiC. Short Pressure Not Easing: No sign of shorts covering despite massive pressure. That suggests confidence in further downside. Macro Headwinds: Rate hikes, EV demand softening, and recession fears hurt sentiment. 🔍 Conclusion This setup is binary. Either: Shorts are right and WOLF crumbles under its debt and execution failures. Or they're wrong, and the combination of short squeeze + strategic value unleashes massive upside. I’m leaning toward the latter. 📈 If bulls can defend key support levels and we get even a whiff of positive news (earnings beat, new contract, gov. subsidy, insider buy)—this stock could rip. Entry below 5 bucks seems like a good deal to me. Watch it closely. High risk. High reward. Disclaimer : This post was written with the help of AI assistance, as English is not my native language. The content is for informational and discussion purposes only and does not constitute financial advice. Always do your own research and consult with a licensed financial advisor before making investment decisions.
NYSE:WOLFLong
by GGkurg
1
Watching TSLA With a Strategic Lens – No FOMO, Just FactsTesla (TSLA) has surged over 53% in the past four weeks, largely driven by renewed investor optimism around its developments in artificial intelligence and robotics, along with Elon Musk's confirmed commitment to remain as CEO for the next five years. While the rally has been strong, there are key factors that require attention. Tesla’s sales in China are still down 24% compared to the same period last year, and competition continues to grow—most notably with the release of the Xiaomi YU7 electric SUV. At current levels, Tesla’s valuation is elevated, which increases pressure for the company to deliver strong earnings and growth. Technically, the stock is approaching key support levels around $289 and $271 (close to the 50-day moving average), while potential resistance may emerge near $430 and $489. I personally am not rushing into the trade; I’m watching for a proper technical setup, including a healthy pullback and strong volume confirmation. As always, I rely on my full 20-point entry checklist before taking any position. I trade with discipline, risk control, and full transparency.
NASDAQ:TSLA
by perezliz37
9
The Fed’s policy is unclear, beware of a plunge in gold prices! From the 3120 area to 3320, there is just 200 US dollars of space, and it continues to sweep around the large range of the weekly level (200-300 US dollars), thus forming a large channel range sweep. Acceleration point 3284, sprint to a new high of 3500, confirm the high point and start to fall The first support point is 3260, support and pull up 110 US dollars to find 3370, and fall 168 US dollars for the second time to break the low The second support point is 3202, support and pull up to find 233 US dollars to find 3435, and fall 315 US dollars for the second time to break the low The third support point is 3121-3120 area, support and pull up to find the current 3320 area (temporarily 200 US dollars) So, two positions are used as references, one is 3320 (an increase of 200 US dollars), and the other is 3370 (an increase of 250 US dollars) Temporarily set these two positions, and pay attention to the top and bottom conversion below The position of 3250 and the double-line position are used as the boundary. If it falls back below the double-line in the later period, it will look for the lower track of the channel. The distance between the two pressure points is 50 US dollars, which is just close to the range of space switching this week. It sweeps from the range of 3250-3150 and switches upward after breaking through. The same range is about 50 US dollars. So, for today's market: If the first pressure point of 3320 is suppressed and 50 US dollars are lowered, the 3270 area is to be found, and then the gains and losses of the top and bottom conversion position 3250 are to be paid attention to. If it continues to rise and break the high, the subsequent attention will be the second pressure point in the 3370 area. If the suppression is successful here, it will still maintain the sweep of the channel range below. Therefore, for today's gold, the price bottomed out and rebounded close to the upper track area of ​​the channel line. Pay attention to the two pressure points of 3320 and 3370, with a space range of 50 US dollars, and switch the space successively. If it switches further upward, it will be 3420, and if it switches further downward, it will be 3270. Previously, the price continued to sweep around the 3150-3250 area. At the beginning of this week, it repeatedly swept around the 3250-3200 range with 3250 as the suppression. Yesterday, Tuesday, the US market broke through 3250 and rose by more than 30 US dollars in the short term. After the rise, it directly remained at a high level. Today, Wednesday, the Asian market price continued to rise in the short term and rushed to the 3315 area, and fell sharply by 30 US dollars to find 3285, and continued to rise and break the high to the 3320 area. If it is strong, it will directly break through 3320 and further rise to find 3370. If it is a sweep, then the 3320 position will be tested repeatedly, and the pressure will fall back. This time the range is considered to be 50 US dollars, at least 30 US dollars. The space budget is around 50 US dollars, which is also the difficulty of the recent market. The start is 30-50 US dollars. The process is not continued, and there is no special signal. Before the result comes out, it depends on blind selection. It must be firm, flexible, and decisive! The price is currently hovering in the 3318-3320 area. The first pressure option is here. We choose to use this as pressure to hold short orders. If the pressure is successful, we will look for 3300-3190, followed by 3170-3160. Otherwise, we will focus on the next pressure option of 3370, which is close to the upper pressure rail of the channel. Be careful of new turning points.
OANDA:XAUUSDShort
by TaylorLocke