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GBP/USD at a Crossroads: Imminent Breakout or Bull Trap?The weekly chart of GBP/USD shows a strong recovery following the late-April correction, which brought the price down to a key demand zone between 1.2550 and 1.2600. The bounce was sharp and decisive, but the pair is now facing resistance between 1.3000 and 1.3150 — a previously sold area marked by a visible supply block in red. The current weekly candle reflects a bullish reaction, but the overall structure suggests a potential exhaustion zone for upward momentum. Price action reveals a series of lower highs in the short term, and while the RSI is bouncing, it remains far from overbought, hinting that this move may be just a technical rebound. From a trading perspective, a confirmed weakness around the 1.3000–1.3150 zone could offer short opportunities with an initial target near 1.2700 and, if extended, down to 1.2550 — a key dynamic support area. On the flip side, a clean breakout above 1.3150 with strong volume and a weekly close would open the door for a new bullish leg toward 1.3300–1.3400. Conclusion: GBP/USD is currently at a critical juncture. The next directional move will depend on how price reacts to this resistance zone: a confirmed rejection could trigger renewed selling pressure, while a confirmed breakout may reignite the bullish trend.
Short
by EdgeTradingJourney
1
Trade tensions escalate, GOLD receives support to break $3,200As trade tensions escalated, market risk sentiment suddenly spiked, with spot OANDA:XAUUSD surging above $3,200. Data released on Thursday in the United States showed that the consumer price index (CPI) unexpectedly fell in March. Data showed that the US CPI fell 0.1% month-on-month in March, the first decline in nearly five years, compared to expectations of 0.1% and the previous reading of 0.2%. In addition, the US CPI rose 2.4% year-on-year in March, lower than the expected 2.5% and the previous reading of 2.8%; the US core CPI rose 2.8% year-on-year in March, lower than the expected 3% and the previous reading of 3.1%. After the US CPI data was released, traders bet that the Federal Reserve will cut interest rates again in June, potentially totaling 100 basis points of rate cuts by the end of the year. Low interest rates are generally beneficial for gold because the metal does not pay interest. Gold prices continued to rise above $3,200 an ounce in early trading in Asia on Friday, breaking the record set in the previous trading day. Gold prices hit a new high as investors turned to safe-haven assets amid concerns about the impact of tariffs on the global economy, Bloomberg reported on Friday. Gold’s safe-haven status has been hit again this week, Bloomberg reported. US President Trump’s erratic rhetoric on his tariff agenda has sparked a sell-off in stocks, bonds and the US dollar, as concerns about a global recession spread across Wall Street. Even after Trump announced a 90-day pause on tariffs on dozens of trading partners, risks and uncertainties remain, with tariffs on all imports from China now at a rate of at least 145%. The White House clarified to CNBC at noon ET on Thursday that the Trump administration's tariffs on China under the name of reciprocal tariffs are 125%, but this does not include the 20% tariffs that the United States imposed on China twice in early February and early March of this year due to the fentanyl crisis. Therefore, during Trump's second term, the cumulative tariffs that the United States has applied to all Chinese goods exported to the United States have reached 145%. The CNBC report also emphasized that the 145% tariff does not include the US tariffs on China before Trump's second term as US president, including various tariffs imposed on China during Trump's first term and the Biden administration. Given the current market environment, gold is still going to continue to rise strongly. As a wise man at a coffee shop in Vietnam (TLTV) predicted, this war must be 500% to negotiate. If so, we could soon see gold approaching the $3,500 mark. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold has surged above the $3,200 base, and at its current position, it is likely to continue its upward move with the nearest target being the 0.786% Fibonacci extension level of $3,223. Whereas, once the $3,223 level is broken, gold will be in a position to continue its upward move with the next target around $3,295 in the short term. On the technical front, the Relative Strength Index (RSI) is sloping upwards without any weakness as it approaches the overbought zone, indicating strong demand in the market and sending a positive signal for the bullish trend. For the day, as long as gold remains above $3,167, it remains bullish in the short term, and any dip in the current scenario that does not take gold below the EMA21 should be viewed as a short-term correction rather than a trend, or as a buying opportunity. The notable positions for the intraday uptrend will be listed again for readers as follows. Support: $3,167 Resistance: $3,223 SELL XAUUSD PRICE 3250 - 3248⚡️ ↠↠ Stoploss 3068 →Take Profit 1 3056 ↨ →Take Profit 2 3050 BUY XAUUSD PRICE 3134 - 3136⚡️ ↠↠ Stoploss 3130 →Take Profit 1 3142 ↨ →Take Profit 2 3148
OANDA:XAUUSDLong
by Xayah_trading
EURUSD: Watch for buys around 1.09625!Hey traders! EURUSD has played out beautifully according to yesterday’s analysis, hitting our key levels with precision. The bullish momentum remains intact, and I'm still targeting the previous week's high at 1.11450. Before the next leg up, I anticipate a pullback towards the Asian session low around 1.09625. This level could serve as a potential liquidity grab and demand zone, a perfect spot for buyers to step back in. ✅ Watch for bullish rejections or confirmation candles around 1.09625 to signal that buyers are defending the level. If confirmed, it could be the start of a solid move back to the upside. 📊 What’s your bias on EURUSD today? Bullish or bearish? Let me know in the comments below! 👇 If you found this idea helpful, please consider supporting it with a boost, your support means a lot! 🙏🔥 Previous Idea How it played out
Long
by AmaWina
Lingrid | EURUSD breaks HIGHER Amid Dollar WeaknessFX:EURUSD market broke and closed above the consolidation zone. The price broke above the previous month's high and nearly tested the high of 2024. The price overall is making higher highs and higher lows, and at this point, the price may form a triangle pattern around the key level at 1.1000 before continuing to push higher. If the market rejects the support level, we can expect the price to move to higher levels, at least retesting the recent resistance zone. My goal is resistance zone around 1.11075 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
7
SILVER: Local Bullish Bias! Long! My dear friends, Today we will analyse SILVER together☺️ The market is at an inflection zone and price has now reached an area around 30.949 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 31.206.Stop-loss is recommended beyond the inflection zone. ❤️Sending you lots of Love and Hugs❤️
FOREXCOM:XAGUSDLong
by FreeXauusdSignals
1
USDJPY Moment of truth for the long-term bullish trend.The USDJPY pair has been trading within a Channel Up since the October 17 2022 High and right now the current 1W candle is very close to its bottom (Higher Lows trend-line). This offers a low risk trading set-up. Confirmed buy will be if the price breaks and closes a 1W candle above the 1W MA50 (blue trend-line), in which case our Target will be July's Resistance at 161.500 (similar to the 2023 Bullish Leg). If on the other hand it breaks and closes a 1W candle below the Channel Up, turn short and target the 1W MA200 (orange trend-line) at 139.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD Will Go Down From Resistance! Short! Take a look at our analysis for EURUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.104. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.091 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
EURJPY Will Go Down! Short! Here is our detailed technical review for EURJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 161.313. The above observations make me that the market will inevitably achieve 160.605 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
US10Y This break-out will be massive.The U.S. Government Bonds 10YR Yield (US10Y) is trading within a 2-year Triangle pattern and following this week's trade events, got back on its 1W MA50 (blue trend-line). A potential break-out either way from this long-term pattern will be massive. We do believe though that there are higher probabilities for a bearish break-out as the 1W MA50 is about to cross below the 1W MA100 and form the first 1W MA50/100 Bearish Cross since July 22 2019. Interestingly enough, that was following the last Trade War between the U.S. and China. At the same time, the 1W RSI has been within a Channel Down since late 2022, indicating a huge Bearish Divergence. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:US10Y
by TradingShot
4
Lingrid | GOLD Retracement Likely Before UPWARD Continuation The price perfectly fulfilled my previous idea . It reached the target. OANDA:XAUUSD broke and closed above the swap zone around 3050, which was also Monday's high. The price is now testing the zone above the 3100 level, and I anticipate a potential pullback following the recent bullish extension. Given today's high-impact news, the market may drop from the resistance zone. If the price forms a retracement toward the support level, where we have an upward trendline and swap zone, there is a good chance of the price to rebound. Another scenario could be sideways movement, as we previously observed sideways action at this zone when looking to the left. Overall, I expect a pullback followed by continuation. My goal is resistance zone around 3145 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
3
DXY Will Move Higher! Long! Take a look at our analysis for DXY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 102.170. Taking into consideration the structure & trend analysis, I believe that the market will reach 102.904 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
80K pullback is done, but it is not for selling anymoreMorning folks, So, the upside bounce to 80K resistance that we were watching is done now. It has happened even twice. D. Trump so efficiently tarrifying markets, and them provides them the relief that BTC mostly is just a hostage of this so called "news stream". Actually as well as all other markets. Once 90 day tariffs postpone has been provided, stocks jumped and liquidity returns, supporting all other things around. It might be temporal? Sure. But nobody knows what in the old Donny's head. By looking at current action, it seems that 80K support is more reasonable to use for long entry with 85.5 target at least. Definitely it would be better to not sell by far...
COINBASE:BTCUSDLong
by Sive-Morten
1
BITCOIN Are we back in business?Bitcoin (BTCUSD) made a miraculous comeback yesterday as it rebounded with force almost +12% from its session Low, following the 90-day tariff pause news. This rebounded has been performed on both the 1W MA50 (blue trend-line), which has been the key long-term Support of this Bull Cycle, but also on the previous High line, which is the trend-line coming from the previous Higher High of the Bull Cycle that has now turned Support. As you see, during every Bull Cycle correction, this previous High line held both times before and it is doing so this time also. This justifies the incredible symmetry of this Bull Cycle but it doesn't only stop on the uptrend structure but goes back to the downtrend structure of the Bear Cycle. As you see, the extension of those previous High lines intersect the Lower Highs of the Bear Cycle. Symmetry at its very best. At the same time, back to the current Bull Cycle, we see that the Vortex Indicator (VI) has already diverged, which has been consistent to both previous bottoms. As far as what the target of this potential rebound/ rally can be, both previous main rallies hit at least the 1.618 Fibonacci extension. That sits now at $175000. So do you think this Double Support rebound combo is putting BTC back in Bull Cycle business for a rally to $175k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9