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XAUUSD Breakout from Bullish Flag – Eyes on $3,387Gold (XAUUSD) on the 1H timeframe is exhibiting a strong bullish continuation setup, supported by multiple confluences that suggest the uptrend is far from over. The chart clearly shows the market breaking out from a Bullish Flag Pattern, respecting curve support, and targeting the major resistance zone near $3,387. 🔍 Technical Breakdown: 1. Bullish Flag Pattern Formation After a sharp bullish impulse, price consolidated in a tight downward-sloping channel — the classic bullish flag. This pattern typically appears mid-trend and signals a healthy pause before the next leg higher. The breakout from the flag confirms bullish continuation, often offering a high-probability trade entry. 2. Break of Structure (BOS) The breakout above minor resistance marked a Break of Structure (BOS), which is a key bullish signal. It indicates a shift in market sentiment and validates the end of the corrective phase (flag) and beginning of the next impulse wave. 3. Curve Support (Parabolic Trajectory) A parabolic curve support is now guiding price upward, showing increasing bullish pressure and higher lows forming consistently. This type of dynamic support often appears in strong trending markets where buyers step in aggressively at every pullback. 4. Liquidity Sweep & Smart Money Behavior Before the breakout, price dipped below recent lows within the flag, likely sweeping liquidity and triggering stop-losses. This move provided institutional players with the liquidity needed to push price higher — a classic smart money trap-and-break scenario. 5. Volume & Momentum Confirmation The breakout occurred with strong bullish momentum and rising volume (if checked on the volume profile), reinforcing the credibility of this move. A momentum-based continuation is likely as long as price remains above previous resistance (now support). 🎯 Target & Resistance Levels: Short-Term Target: $3,387 — aligned with the previous major resistance area Support Zone: $3,260–$3,275 (previous flag breakout + structure support) Major Resistance Zone: Around $3,360–$3,387 (historical supply zone) 🧠 Trade Idea / Strategy: As long as price holds above the curve support and retests the previous breakout zone (flag top or minor resistance), bullish entries on pullbacks are favored. ✅ Buy on dips into curve support or minor resistance retests. ❌ Avoid shorting into a strong parabolic structure unless signs of exhaustion appear. 🎯 Potential RR setups: 1:2 and beyond if entry is timed well. 💬 Conclusion: The market structure, pattern confirmation, and strong bullish momentum all point toward a continuation move toward the $3,387 level. This setup provides a solid technical case for bullish trades with multiple entry options and well-defined risk levels. Keep an eye on curve support and potential higher timeframe resistance reactions for dynamic trade management.
OANDA:XAUUSDLong
by GoldMasterTrades
Bearish Reversal Confirmed – BTC Rising Wedge TrapBitcoin (BTCUSD) on the 1H timeframe is displaying a bearish reversal structure after failing to sustain a breakout above key resistance. The recent price action has formed a Rising Wedge Pattern, which typically precedes a downside correction, especially when formed near a key supply zone. Let’s break down the setup: 🔍 Technical Analysis Overview: 🔹 1. Rising Wedge Pattern (Bearish) A rising wedge is visible near the top of the recent bullish impulse. This wedge is characterized by converging trendlines with higher highs and higher lows, but with diminishing momentum. It typically signals a weakening uptrend and a potential trend reversal or correction once price breaks below the lower wedge boundary. The breakout to the downside has already begun, confirming bearish intent. 🔹 2. SR Interchange Zone The blue zone marked in the chart represents a Support-Resistance Interchange (SR Flip). This was previously an area of consolidation and breakout, acting as a key decision zone. Price is expected to retest this zone after the wedge breakdown before continuing further down. This creates a perfect "Break → Retest → Drop" scenario, often favored by institutional and swing traders. 🔹 3. Consolidation Structure Before the wedge formation, Bitcoin was stuck in a prolonged consolidation phase. This type of ranging price action often accumulates orders before a breakout. Once broken, these zones serve as magnets for pullbacks or liquidity grabs, and are frequently retested. 🔹 4. Target Zone The measured move from the rising wedge pattern points to a target near $101,617, which aligns with a previous structural low and a potential demand zone. This area could serve as the next major support level. 🎯 Trade Strategy & Setup: Entry: After confirmation of breakdown and a clean retest of the SR zone. Stop Loss (SL): Just above the wedge high and structural resistance (~$108,020). Target (TP): $101,617 (downside projection based on wedge height and price structure). 📌 Risk-Reward Setup: 1:3+ possible if retest confirms. 🧠 Trader’s Insight: This setup reflects a common smart-money behavior where price forms a bullish-looking structure (rising wedge), entices buyers, and then traps them with a swift breakdown. The SR retest provides a low-risk shorting opportunity. Patience is key — let price come to your level before entering. 🚨 Risk Note: If BTC reclaims and holds above the $108,020 level, the bearish thesis may be invalidated. Always wait for confirmation before execution.
CRYPTO:BTCUSDShort
by GoldMasterTrades
Nightly $SPY / $SPX Scenarios for May 21, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 21, 2025 🔮 🌍 Market-Moving News 🌍 🇺🇸 G7 Finance Ministers Convene Amid Tariff Tensions Finance ministers from G7 nations are meeting in Banff, Alberta, focusing on restoring global stability and growth. Discussions are expected to address excess manufacturing capacity, non-market economic practices, and financial crimes. Tensions may arise due to recent U.S. tariffs affecting multiple G7 nations. 🛢️ Oil Prices Rise on Geopolitical Concerns Oil prices increased over 1% following reports that Israel may be preparing a military strike on Iranian nuclear facilities. Such actions could disrupt Middle East oil supplies, particularly if Iran blocks the Strait of Hormuz, a vital passage for crude exports. 📈 Retail Earnings in Focus Major retailers, including Lowe's ( NYSE:LOW ), Target ( NYSE:TGT ), and TJX Companies ( NYSE:TJX ), are set to report earnings today. Investors will be closely monitoring these reports for insights into consumer spending patterns amid ongoing economic uncertainties. 📊 Key Data Releases 📊 📅 Wednesday, May 21: 10:00 AM ET: State Employment and Unemployment (Monthly) for April 2025 10:30 AM ET: EIA Crude Oil Inventory Report ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
USDJPY – The downtrend continues, channel still leads the wayLooking at the D1 chart, USDJPY remains firmly within the descending channel that has persisted since the end of 2024. Every time the price approaches the upper boundary of the channel, selling pressure reappears – and the recent touch around the 147.012 area is no exception. After being rejected at this strong resistance zone, the price has turned lower and is now forming a pullback structure within the prevailing trend. EMA34 and EMA89 continue to slope downward, reinforcing the bearish momentum. If the price gets rejected again around the 145–146 region, the correction pattern may complete, opening up room for a drop toward the support zone at 142.343, or even deeper toward the channel bottom near 137.168. In summary, the primary trend remains bearish – and the preferred strategy now is "sell on rally" when the price nears the upper resistance of the channel. Patience and watching for price action will be key.
Short
by Rocky_trade_
EURUSD – Consolidation below trendline hints at breakout aheadHello traders! EURUSD is currently forming a rather interesting consolidation pattern right below the descending trendline – a level that has rejected price twice in the past. After a mild pullback from the 1.1382 zone, price has quickly recovered and is now hovering around the EMA34 and EMA89. This is an important confluence area and is acting as short-term support around 1.1263. If EURUSD continues to hold above this support and forms sideways accumulation, the probability of a trendline breakout will increase. In that case, the next target will likely be the previous high at 1.1382. U.S. bond yields are fluctuating sharply, and geopolitical tensions – such as trade uncertainty or regional instability – may serve as catalysts that support the euro. Keep an eye on the breakout zone – if price breaks out decisively, it could be a strong confirmation of a new bullish trend!
Long
by Rocky_trade_
[INTRADAY] #BANKNIFTY PE & CE Levels(23/05/2025)Today, Bank Nifty is expected to open flat. If after opening it starts trading and sustains below the 54950–54900 zone, then a downside move toward 54750, 54650, and 54550 is possible. Further breakdown below 54450 could lead to extended downside targets at 54250, 54150, and 54050 levels. On the upside, if Bank Nifty sustains above the 55050–55100 zone, it may trigger a bullish rally toward 55250, 55350, and 55450+. However, 55450 remains a strong resistance zone and any bullish move may reverse from there.
NSE:BANKNIFTY
by TradZoo
After a sudden drop, is gold "loading up" for a breakout?Hey everyone! At the start of today’s Asian session, gold is moving sideways around the $3,300 level, following yesterday’s sharp swing. Looking back, the price had climbed for three consecutive sessions earlier this week, then suddenly spiked to a two-week high of $3,345 during the Asian session on Thursday—only to quickly drop and close near $3,294. This sharp reversal reflects the ongoing tug-of-war between a strengthening US dollar, volatile US bond yields, and unstable geopolitical factors. However, on the 4H chart, the bullish structure still holds, with price currently retesting the support zone around the EMA34. Key price scenarios to watch: If the support area around $3,214 holds → gold could bounce back toward the $3,345 region. On the other hand, if $3,214 breaks → the bullish scenario will be temporarily invalidated and gold might revisit a deeper accumulation zone. Right now, watching the price reaction around yesterday’s low is crucial—this could be the key to catching the next wave.
OANDA:XAUUSDLong
by Rocky_trade_
Nightly $SPY / $SPX Scenarios for May 23, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 23, 2025 🔮 🌍 Market-Moving News 🌍 🇬🇧 Global Bond Yields Signal Rising Term Premium Long-dated government bond yields in the U.S., U.K., and Japan surged, with the U.S. 30-year Treasury yield touching 5.09%, as investors demand higher compensation for locking in funds amid mounting debt and inflation risks 🏗️ Komatsu Sees Tariff Relief Komatsu’s CEO says a recent U.S.–China trade truce may cut the company’s tariff hit by $140 million, easing cost pressures on its U.S. operations and brightening machinery sector outlook 📉 U.S. Stocks End Flat as Yields Ease Wall Street closed little changed, with the S&P 500 and Dow finishing flat and the Nasdaq up 0.3%, after Treasury yields retreated slightly following recent spikes 📊 Key Data Releases 📊 📅 Friday, May 23: 🏠 New Home Sales (10:00 AM ET) Reports the number of newly signed contracts for single-family homes, a direct gauge of housing demand and consumer confidence. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
S&P 500: Consolidating & forming bull flag on support trendlineSo, we all know that the market is taking a breather, and the past week has been mostly flat (kind of). There have been plenty of headlines, some good, some bad. Most notably, the news about the Moody's US credit downgrade. I woke up one morning, took a look at LinkedIn and saw all the CFA-certified investing experts expecting a massive game-changing moment, potentially a market crash. Except, the market hasn't responded so negatively. In fact, I'd say that while long-term yields have been rising, the market has been doing its own thing . For instance, taking a look at the daily chart of the S&P 500 paints a different picture of the doom and gloom that I've been hearing ALL weekend and ALL week long. As you can see, the index is currently sitting on the daily support trendline which goes back to the 7th April low. On that trendline, taking a closer look, it seems the flat price action has been forming a bull flag. It's quite narrow and tight. But it certainly is a fine-looking bull flag. And a break above that would take the S&P 500 even higher. This would also likely have a positive effect on other indices. Furthermore, it might be worth keeping an eye on the big S&P 500 stocks that are high-beta and like to follow the market. So, to my point about how the market has been doing its own thing...seems that the Moody's downgrade could have possibly been already priced-in. I could be wrong, of course, as markets are still quite volatile and fragile to any sort of macro and global developments about trade and conflicts around the world. Thank you for reading. Note: not financial advice
SP:SPXLong
by michaeldobski
Rising Wedge Breakdown – Bearish Setup on Silver (XAGUSD)Silver (XAG/USD) is currently trading within a bearish rising wedge formation on the 8-hour timeframe, and the market structure is hinting at a potential reversal to the downside. The confluence of resistance zones, pattern anatomy, and historical price action all point to a high-probability short setup, especially if key support levels are breached. 📈 Pattern Analysis: Rising Wedge A rising wedge is typically a bearish chart pattern that forms when price consolidates between two upward sloping trendlines. However, the upper trendline rises at a slower pace than the lower one—indicating decelerating bullish strength. It often precedes a bearish breakout, especially if volume decreases near the apex. In this case, the wedge is forming just below a major resistance zone around the $34.00 area, adding weight to the bearish scenario. 🔹 Key Technical Levels : 🟥 Resistance Zone ($33.80–$34.80): Price has tested and rejected this area multiple times in recent weeks. It marks a clear liquidity zone where sellers are in control. 🟩 Support Zone ($29.50–$30.30): This zone has provided strong support in previous retracements. If broken, it may flip into resistance upon retest. 🟦 Retest Zone (~$31.00–$31.50): If the wedge breaks downward, price may retest this area—creating an opportunity for traders to enter short with better risk-reward. 🎯 Final Bearish Target : $26.85: This level is derived from the height of the wedge and prior demand zones, making it a strong target area in a fully played-out bearish move. 🧠 Market Structure & Sentiment: Volume Analysis – Volume has been tapering off as the price squeezes within the wedge, which is a typical trait of rising wedges. A volume spike on breakdown would serve as confirmation. Trend Analysis – While the overall trend in the medium term has been bullish, the weakening upward momentum suggests that buyers are losing strength, and sellers may regain control soon. Rejection Candle s – Several recent candle wicks above the $33.50 zone show clear rejection and failure to close above, reinforcing the resistance level. 📊 Trade Plan (Educational Purposes Only): Criteria Details Bias Bearish (Rising Wedge Breakdown) Entry Option 1 On breakdown of wedge + retest Entry Option 2 Aggressive entry on breakdown candle close below $31.50 Stop Loss Above $33.80 (last resistance) Take Profit 1 $30.00 (support zone) Take Profit 2 $28.00 (partial exit) Take Profit 3 $26.85 (final target) 📌 Trading Psychology Note: Traders should remain patient and avoid entering prematurely. Let the pattern confirm itself with a clean break and retest. Risk management is critical—wedge patterns can also fake out before reversing hard. 🧾 Summary: Silver is nearing the end of a rising wedge pattern, right under a heavy resistance zone. Historical behavior, weakening momentum, and classic wedge structure suggest a potential bearish reversal. A break below the wedge support and a retest around $31.00 could present a high-probability short trade setup targeting the $26.85 area. Keep this chart on watch. A decisive move is likely coming soon.
OANDA:XAGUSDShort
by GoldMasterTrades
Silver Rises to $32.60 on Safe-Haven DemandSilver (XAG/USD) climbed to around $32.60 per ounce on Thursday during Asian trading, recording its third consecutive gain as safe-haven demand increased amid rising U.S. fiscal concerns and global tensions. Moody’s recent downgrade of the U.S. credit rating to Aa1, citing growing debt and deficits, added pressure on the Dollar. Ongoing unrest in the Middle East and Israel’s military actions in Gaza also supported precious metal prices. Meanwhile, Ukraine is preparing to urge the EU next week to seize Russian assets and target oil buyers, as U.S. sanctions appear to be losing momentum. The first critical support for Silver is seen at 33.80, and the first resistance is located at 32.30.
FOREXCOM:XAGUSD
by ChartMage
BREAKOUT OR REJECTION? WATCH 0.64137 KEY ZONE CLOSELY! AUDUSD 22/05 – BREAKOUT OR REJECTION? WATCH 0.64137 KEY ZONE CLOSELY! 🌐 MACRO OVERVIEW DXY is starting to lose momentum after a sharp rally fueled by the Fed’s hawkish stance. However, there’s still no clear signal of an imminent rate cut. Meanwhile, the RBA (Reserve Bank of Australia) maintains a steady policy, offering short-term support for AUD. While rates remain unchanged, the central bank’s cautious tone adds a defensive layer for the Aussie. On the trade front, Australia has seen marginal recovery in commodity prices, though ongoing concerns about Chinese economic slowdown continue to weigh on sentiment. 📊 TECHNICAL ANALYSIS (Timeframes: H1 – H4) AUDUSD is forming a tight symmetrical triangle, with lower highs and higher lows — a typical precursor to a breakout. The current price at 0.6418 is sitting right along the lower trendline. Price action here is critical to determine today’s direction. 🔍 Scenario A – Upside Breakout (30% probability): If price breaks and closes above 0.64700–0.64910, we could see bullish continuation toward the 0.65134 resistance zone. 🔍 Scenario B – Breakdown (70% probability): A strong break below 0.64137 could trigger a move toward 0.63964 and potentially deeper into the 0.63640 liquidity zone. 🎯 TODAY'S TRADE PLAN 🔵 BUY SCALP (only if price reacts strongly at trendline support) Entry: 0.6414 – 0.6416 SL: 0.6408 TP Targets: 0.6445 → 0.6470 → 0.6490 🔴 SELL SETUP (if triangle is broken to the downside) Entry: 0.6405 – 0.6396 SL: 0.6420 TP Targets: 0.6364 → 0.6340 ⚠️ IMPORTANT NOTES Expect high volatility during the U.S. session as PMI and Unemployment Claims data are released. Stick to your TP/SL levels with discipline — the market may sweep liquidity on both sides before choosing a direction. 📌 SUMMARY: AUDUSD is consolidating in a clean technical pattern while macro uncertainty looms. Whether we break up or down, the key is to trade what the market gives — not what we think. React to confirmation, not prediction.
by MMFlowTrading
BTC/USD: Structural Breakout of Curved Resistance – Eyes on $116Technical Overview: Bitcoin (BTC) has successfully completed a significant technical breakout after months of accumulation and resistance interaction. The chart highlights a precise market structure where price has moved from a phase of consolidation into a confirmed bullish breakout, with a clearly defined target and invalidation level. 1. SR Interchange Zone (Support-turned-Resistance): From May to October 2024, BTC price action was trapped in a sideways range, marked by an extended accumulation phase between approximately $60,000 to $73,000. This zone acted as a historical resistance level during the downtrend, but was later flipped into support, forming a classic SR Interchange — a foundational concept in market structure analysis. This area provided a strong base from which BTC launched its late 2024 rally. 2. Consolidation Below Curved Resistance (Dec 2024 – Apr 2025): Following a steep bullish impulse, BTC entered a multi-month consolidation phase, forming a rounded top pattern — shown on the chart as the Black Mind Curve Resistance. This curved resistance represented a psychological and structural ceiling, suppressing bullish momentum and trapping liquidity. Price action was tightly compressed under this dynamic resistance curve, with multiple failed breakout attempts. This period was marked by range-bound volatility and low directional commitment — classic behavior during a re-accumulation phase. 3. Breakout of Black Mind Curve Resistance (May 2025): A major technical event occurred as BTC broke decisively above the Black Mind Curve Resistance, accompanied by a surge in bullish momentum. This move not only invalidated the prior rounding top structure but also confirmed a trend continuation breakout. The breakout was clean, with strong follow-through volume and a higher high structure above the Major Horizontal Resistance Zone (~$105,000–$109,000) — now confirmed as flipped support. 4. Bullish Continuation & Price Target: Following the breakout, BTC has established a higher low and continued its upward trajectory toward the marked target zone at $116,065. This zone coincides with: Previous untested supply levels Technical Fibonacci extension (1.272–1.618 zone) Measured move from the curve structure base With current momentum and structure intact, BTC remains bullishly biased until it either reaches the target zone or breaks below the invalidation level. 5. Invalidation & Risk Management: A close below $102,005 — the defined SI (Support-Invalidation) level — would be considered structurally bearish. This level represents: The most recent higher low Base of the breakout structure Re-entry into previous consolidation range A breakdown below this level would invalidate the bullish thesis and may open the door for a deeper pullback toward $95,000 or even $88,000. ✅ Conclusion: The breakout of the Black Mind Curve Resistance marks a significant technical shift in Bitcoin’s trend. With momentum in favor of the bulls and market structure supporting higher prices, BTC appears poised to test the $116,000 target zone in the short to mid-term — barring a breakdown below key support. 📌 Key Levels Recap: Level Type Price Target Zone $116,065 Current Price $110,902 Support / Invalidation (SI) $102,005 📈 Strategy Outlook: Bias: Bullish Entry Area: Retest of $107,000–$109,000 (if offered) Target: $116,065 Stop-Loss: Below $102,005 (structural invalidation) 💬 Stay focused on structure, not emotions. The best trades are born from patience, not prediction. Let me know if you'd like a summary version for use on social media or a custom signature block for your TradingView profile.
CRYPTO:BTCUSDLong
by GoldMasterTrades
XAUUSD – Rising Wedge Breakdown in Play? | Bearish Setup Alert🧠 Market Analysis Gold (XAUUSD) has shown incredible bullish strength in recent months, driven by geopolitical tensions, inflation uncertainty, and increased demand for safe-haven assets. However, every trend experiences a pause or correction — and that’s where we may currently be. 📊 Pattern Overview: Rising Wedge Formation One of the most prominent technical patterns right now is the Rising Wedge. This is a bearish reversal pattern that occurs when price action consolidates upwards in a narrowing range, indicating waning bullish momentum and an imminent breakdown. In this chart: We see a clear series of higher highs and higher lows, forming two converging trendlines. The upper trendline acts as dynamic resistance, while the lower one has been supporting price until now. The wedge has now broken to the downside, signaling the potential start of a new short-term downtrend. 🔍 Key Technical Elements Explained: 🔵 1. Major Resistance Zone Marked in the blue rectangular box, this zone has acted as a historical pivot area — both as support and resistance in the past. The market respected this zone multiple times. Price action tends to hesitate or reverse in such regions due to large institutional order flows. 🧠 2. Black Mind Curve Resistance Unlike flat trendlines, the "Black Mind Curve" represents a curved, psychological dynamic resistance — often based on market sentiment, Fibonacci arcs, or logarithmic regression. It reflects the market’s natural rhythm and is respected due to the hidden behavior of algorithmic trading systems. Price just rejected this resistance after touching it during the wedge formation — a strong bearish clue. 🔄 3. Retest in Progress After breaking out of the rising wedge to the downside, price is now retesting the broken wedge support. This is a common price behavior known as the “kiss of death” — a final tap before continuation. If the price fails to reclaim this broken support zone, it confirms a bearish continuation is on the table. 🎯 Trade Plan: Entry, Target & Stop Trade Element Details Bias Bearish Entry Idea On confirmation of retest rejection (e.g., bearish engulfing candle) Stop Loss (SL) Above the recent high or resistance – near $3,413.58 Take Profit (TP) First major support near $3,153.70 (SR Interchange) Risk-Reward Ratio Estimated between 1:2 to 1:3, depending on entry 🔥 Bonus Target: If momentum increases, an extended drop toward $3,100–$3,080 is possible — where deeper demand lies. 🧘‍♂️ Trading Psychology & Risk Management: Let’s face it: Even the best setup can fail — which is why discipline is your edge. Confirmation is Key: Never short just because of a pattern. Wait for structure + candlestick confirmation (e.g., bearish engulfing, shooting star, etc.). Emotions Kill Accounts : Don’t let greed convince you to skip stop-losses or over-leverage. Let Price Come to You: If you missed the perfect entry, don’t chase. The market always gives second chances. 🧠 Educational Insight : What Makes This Setup Powerful? This setup is a confluence trade, meaning: You’re not relying on one signal, but multiple confirmations: Rising wedge (pattern-based) Resistance zone (horizontal S&D) Curved dynamic resistance (psychological + advanced trendline) Retest + rejection behavior (price action) These stacked layers of confirmation increase the probability of a successful trade. 📌 Final Thoughts: Gold is showing all the technical signs of a short-term bearish correction, despite the broader bullish narrative. For smart traders, this is an opportunity to catch a swing short with a clear entry, stop, and target. The key to winning here? Patience and confirmation. You don’t have to predict the market — just react to it with logic and discipline. Let the setup unfold naturally, and let the trade come to you. 💬 What’s Your Take? Are you shorting Gold here or waiting for more confirmation? Have you used curved resistance lines before in your analysis? Drop your thoughts below — and if this helped you, smash the like button, share with others, and follow me for more high-probability setups!
PEPPERSTONE:XAUUSDShort
by GoldMasterTrades
FVG LIQUIDITY & POLITICAL SHOCKS: WILL THE SELLERS STRIKE BACK?GOLD PLAN 22/05 – FVG LIQUIDITY & POLITICAL SHOCKS: WILL THE SELLERS STRIKE BACK? 🌍 Fundamental & Geopolitical Overview: 🔺 Breaking Political News: On the night of May 21, two Israeli embassy officials were fatally shot near the Jewish Museum in Washington in what’s being labeled an anti-Semitic terrorist act. → Former President Trump condemned the attack, calling it “disgusting” and demanding an end to extremism. → Events like these typically boost gold as a safe haven, but this time the market appears hesitant. 🔺 Meanwhile, the Federal Reserve remains hawkish, signaling “higher-for-longer” interest rates. → This continues to support USD strength, putting downward pressure on gold. 🔍 Technical Outlook (H1): Gold (XAUUSD) recently topped around 3397, followed by a strong bearish rejection candle at that level. Two Fair Value Gaps (FVG) are now defining market sentiment: Upper FVG: 3330 – 3356 (partially filled) Lower FVG: 3277 – 3247 → highly likely to be targeted if breakdown occurs. EMA 13 & EMA 34 are flattening out, indicating consolidation within a breakout range. 🧭 Trade Strategy for Today: 🔻 PRIMARY SELL ZONE: Entry: 3395 – 3397 Stop Loss: 3401 Take Profit: 3390 → 3386 → 3380 → 3376 → 3370 🔻 SELL SCALP: Entry: 3358 – 3360 Stop Loss: 3364 Take Profit: 3354 → 3350 → 3346 → 3342 → 3338 → 3330 🔵 BUY ZONE: Entry: 3296 – 3294 Stop Loss: 3290 Take Profit: 3300 → 3304 → 3308 → 3315 → 3320 → 3330 → ??? 🔵 BUY SCALP: Entry: 3316 – 3314 Stop Loss: 3310 Take Profit: 3320 → 3324 → 3328 → 3332 → 3340 → 3350 ⚠️ Key Things to Watch: FBI and White House responses to the DC shooting could ignite renewed risk-off sentiment, pushing gold higher suddenly. A break above 3400 invalidates today’s setup – expect renewed bullish pressure if that happens. 📌 Pro Tip: Don’t chase the market. Let price come to your zones. Respect SL/TP and manage risk – especially on volatile days like today. 📣 Follow this account for live updates, scalping levels, and macro-triggered trading zones in real time!
OANDA:XAUUSDLong
by MMFlowTrading
XAUUSD – Testing resistance zone, will there be a breakout?Gold continues its impressive recovery on the 3H timeframe, after bouncing strongly from the support zone around $3,300. Currently, the market is approaching a key resistance area at $3,400 – a level that previously triggered strong selling pressure. EMA34 and EMA89 have crossed upwards, indicating that short-term bullish momentum is gaining strength. However, since this is a former resistance zone, a pullback to the $3,300 area before continuing the upward move is entirely possible. On the news front, rising jobless claims and weakening manufacturing PMI have lowered expectations for the strength of the USD. However, a slight uptick in the services PMI keeps market sentiment cautious – resulting in a tug-of-war, though still leaning in favor of the buyers. What do you think? Will gold break out further or take a breather first?
OANDA:XAUUSDLong
by Rocky_trade_
Nightly $SPY / $SPX Scenarios for May 22, 2025 🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 22, 2025 🔮 🌍 Market-Moving News 🌍 📈 Treasury Yields Surge Amid Weak Bond Auction U.S. Treasury yields continued their upward trajectory, with the 10-year yield nearing 4.6% and the 30-year yield surpassing 5%, marking the highest levels since early 2023. This increase followed a weak $16 billion auction of 20-year bonds, which attracted less investor demand and sold at higher-than-expected yields. Factors contributing to the rise include fading recession fears, persistent inflation concerns, and growing fiscal worries related to potential tax cut extensions. 📉 Stock Market Declines as Tech Stocks Retreat The stock market experienced significant losses, with the Dow Jones Industrial Average dropping 1.9%, falling below its 200-day moving average. The S&P 500 and Nasdaq fell 1.6% and 1.4%, respectively. 💼 Snowflake ( NYSE:SNOW ) Reports Strong Earnings Snowflake Inc. reported record quarterly revenue of $1.04 billion, surpassing expectations. Product revenue increased 26% year-over-year to $996.8 million. The company raised its full-year forecast to $4.325 billion, reflecting a 25% year-over-year increase. Despite a GAAP net loss of $430 million, Snowflake posted an adjusted profit of 24 cents per share, exceeding the 21-cent estimate. 📊 Morgan Stanley Turns Bullish on U.S. Stocks Morgan Stanley has shifted to a bullish stance on U.S. stocks and bonds, raising its outlook due to signs of market stabilization and improving growth conditions. The bank maintains a base target of 6,500 for the S&P 500 by mid-2026, with a bullish scenario projecting 7,200. 📊 Key Data Releases 📊 📅 Thursday, May 22: 8:30 AM ET: Initial Jobless Claims 9:45 AM ET: S&P Global Flash U.S. Services PMI for May 10:00 AM ET: Advance Services Report (First Quarter 2025) ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
Educational Video: Nifty Outlook-How Technical analysis is done.We have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
EURUSD | Bullish Pennant Breakout – Retest Before the Target📊 EUR/USD (1H Timeframe) The EUR/USD pair has shown a textbook example of a bullish pennant formation, which typically occurs during strong uptrends and signals a continuation of the bullish momentum. The price had an impulsive rally prior to the formation of the pennant, indicating a strong underlying bullish sentiment. Following the rally, the market entered a period of consolidation where price action began to coil between two converging trendlines – this is the pennant structure, marked by lower highs and higher lows. This tightening price action typically suggests that market participants are pausing to digest the previous move, often leading to another breakout in the same direction – in this case, bullish. 📐 Key Technical Elements Highlighted: Bullish Pennant Formation: Characterized by a sharp move up (flagpole) followed by a tight consolidation range (the pennant). Volume generally contracts during consolidation and expands on breakout, confirming momentum. Breakout and Retest: Price has broken above the upper resistance line of the pennant. Now pulling back for a retest, a healthy technical behavior often seen in strong setups. This pullback offers a second chance for entry for traders who missed the initial breakout. Support & Resistance Zones: SR Interchange Zone (previous resistance turned into potential support). Minor Resistance Zone above, now likely invalidated by breakout. These zones are critical in evaluating potential price reaction and risk control. Projected Target: Based on the measured move from the pole height of the pennant added to the breakout point, the projected target stands near 1.14315, a level of prior structural interest. 🎯 Trade Plan – Technical Strategy ⚠️ This is a hypothetical scenario for educational purposes. Always manage your risk. Entry Zone: On confirmation of a successful retest (bullish price action at trendline support) Stop Loss: Below the pennant’s lower trendline or the SR interchange zone (1.1245 – 1.1260 region) Target: 1.14315 (based on breakout projection) Risk-Reward Ratio: Approx. 1:2 to 1:3 depending on entry precision 🔍 Psychological & Market Structure Notes: A bullish pennant is a sign of accumulation after a strong rally – it tells us that buyers are resting, not gone. The retest shows institutional behavior: smart money often allows price to come back to a breakout level before driving it higher again, to shake out weak hands and trap late sellers. Momentum traders and breakout traders often wait for confirmation on the retest to pile in with higher confidence. 📚 Educational Takeaway: This setup serves as a great case study in: Continuation patterns (Bullish Pennants) Breakout-retest behavior Measured move target projections Trend confirmation techniques Market psychology and structure If you're learning technical analysis, this is a high-probability pattern that occurs across many asset classes including forex, crypto, and stocks.
Long
by GoldMasterTrades