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Technical Analysis

Silver Holds Near $32.60 on CeasefireSilver hovered around $32.20 per ounce during Tuesday’s Asian session, easing for a third consecutive day as safe-haven demand faded. The hopes for a Russia-Ukraine ceasefire, announced by U.S. President Trump after a call with President Putin, tempered market uncertainty and weighed on silver’s appeal. However, losses were limited following Moody’s downgrade of the U.S. credit rating and a series of weak economic data, including CPI, PPI, and retail sales. These reinforced expectations for two Fed rate cuts this year, likely starting in September, according to the CME FedWatch Tool projections. Strong industrial demand, especially from the solar sector, continues to support silver’s longer-term outlook. Markets now look for upcoming Fed speeches for further direction. XAG/USD faces resistance at $32.50, with higher levels at $33.80 and $34.20. Support is seen at $31.40, followed by $30.20 and $29.80.
FOREXCOM:XAGUSD
by ChartMage
Gold Slips with Ceasefire HopesGold declined below $3,320 per ounce as hopes for a ceasefire between Russia and Ukraine reduced the appeal of safe-haven assets. The drop followed a statement by US President Donald Trump announcing that both nations had agreed to "immediate" talks, potentially without US involvement, after a conversation with Russian President Vladimir Putin. On Monday, gold had gained 0.6% in response to Moody’s downgrade of the US credit rating to Aa1 from Aaa, which raised concerns about long-term debt sustainability. However, with geopolitical tensions easing and investors awaiting fresh comments from Federal Reserve officials, gold reversed course. XAU/USD now finds resistance at $3,250, with further levels at $3,300 and $3,350. On the downside, support is seen at $3,120, followed by $3,030 and $2,956.
EIGHTCAP:XAUUSD
by ChartMage
Pound Climbs Above $1.336 on Strong UK DataThe British pound rallied past $1.336, reaching a one-week high and inching closer to its April peak of $1.34. The move was fueled by renewed optimism after the UK and EU reached a comprehensive post-Brexit agreement covering energy cooperation, defense partnerships, and fisheries rights through 2038. Supporting the pound further, recent UK data exceeded expectations. GDP rose 0.7% in Q1 and 1.3% annually, easing pressure on the Bank of England to cut interest rates aggressively. Although rate reductions remain on the table, the strength of the economic rebound gives policymakers more flexibility. Despite some concerns about rising unemployment and slowing wage growth, the upbeat GDP print has helped offset fears of an impending recession. Meanwhile, the US dollar continued to weaken following Moody’s credit downgrade, providing additional support to the pound. GBP/USD now faces resistance at 1.3450, with higher targets at 1.3550 and 1.3700. Support is located at 1.3160, followed by 1.3000 and 1.2960.
by ChartMage
US Credit Downgrade and Brexit Progress Lift EuroThe euro approached the $1.13 mark on Tuesday, extending its rebound from the one-month low recorded on May 12. The rally followed a broad-based weakening in the US dollar after Moody’s downgraded the US credit rating from Aaa to Aa1, citing mounting government debt and widening fiscal deficits. The downgrade sparked investor concerns about long-term US economic stability and pressured dollar-denominated assets. The EU and UK finalized a provisional agreement addressing key post-Brexit issues such as defense, fisheries, youth mobility, and security cooperation. The deal may pave the way for UK companies to participate in major EU defense projects, marking a potential turning point in EU-UK relations. The European Central Bank is expected to initiate a rate cut in June, with additional easing possible later in the year. Despite these expectations, the euro has held firm, buoyed by both geopolitical developments and dollar weakness. EUR/USD now faces resistance at 1.1260, with further upside barriers at 1.1460 and 1.1580. Support lies at 1.1040, followed by 1.1000 and 1.0960.
by ChartMage
Yen Steadies on US Credit DowngradeThe Japanese yen held firm near 144 per dollar, marking its fourth straight session of gains, bolstered by a weaker US dollar in the wake of Moody’s downgrade of the US credit rating. The move, prompted by fiscal concerns and rising deficits, dented dollar confidence globally. Despite this, Japan’s own economic data weighed on sentiment, with GDP shrinking by 0.2% in Q1, its first contraction in a year and worse than anticipated. Investors are also closely watching the upcoming Japanese trade data with concerns about the impact of potential new US tariffs. A third round of US-Japan trade talks is set to begin in Washington by the end of the week, led by Japan’s chief negotiator Ryosei Akazawa. USD/JPY faces immediate resistance at 148.60, with higher levels at 149.80 and 151.20. Key support is seen at 139.70, followed by 137.00 and 135.00.
by ChartMage
EURNZD Bullish Reversal from Demand Zone (1H Chart)✅ 1. Market Context & Structure Analysis The pair (EUR/NZD) was in a short-term downtrend before forming a higher low, indicating a potential bullish reversal. A W-shaped structure is visible, suggesting a double bottom around the 1.8960–1.8970 zone. The price has bounced multiple times from the demand zone (green box), confirming strong buying interest. The recent price action shows the market respecting structure with a clean impulse–correction–impulse pattern, creating a potential continuation leg. 📍 2. Entry Criteria Entry Price Range: 1.8960 – 1.8970 Why? This area coincides with a tested support zone, from where price previously rallied. The current pullback to this area presents a low-risk buying opportunity. Candlestick confirmation (e.g., bullish engulfing or pin bar) would further validate the entry. 🔐 3. Stop Loss (Risk Management) Stop Loss Placement: Below 1.8930 Reasoning: Keeps SL below the structure low and the demand zone. If price breaks this level, it invalidates the bullish setup and prevents deeper losses. 🎯 4. Take Profit Levels (Targets) TP1 -1.9050 Minor resistance / partial booking TP2 -1.9100 First key resistance zone TP3 -1.9140 Swing high and strong supply area (red zone) Risk-to-Reward (R:R): ~1:2.5 to 1:3+ You can trail your stop as price moves toward these levels. 📊 5. Technical Confluences ✅ Support Zone: Price bounced multiple times from 1.8960 ✅ Bullish Market Structure: Higher highs and higher lows are forming ✅ Chart Pattern: Double bottom / W-pattern breakout potential ✅ Fibonacci (optional): The zone may also align with a 61.8% retracement (not shown but often observed) ⚙️ 6. Trade Management Strategy 🔄 Partial Exit: Book 50% profits at TP1 ⏫ Trail SL: Move SL to entry after TP1 hit to make trade risk-free 🔚 Full Exit: At TP3 or if strong bearish reversal candle forms near resistance ⚠️ 7. Risk Disclaimer & Notes Avoid overleveraging. Only risk 1–2% of your capital. Reconfirm the trade setup during the London or early NY session for better volatility. News events (like RBNZ or ECB speeches) could increase volatility — always check the economic calendar before entry. ======================================================== 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 TradZoo
XAUUSD – Is the “Death Triangle” About to Break Down?Hey everyone, looking at the 8H chart, we can see that gold is tightening inside a narrow triangle – a sign of both consolidation and a potential major breakout coming soon. However, what's worth noting is that the price structure leans toward a bearish breakout, as gold continues to form lower highs and gets repeatedly rejected around the $3,250 resistance zone – which also aligns with the upper edge of the triangle. Below, the long-term ascending support line is under significant pressure. If sellers maintain control and push the price below this trendline, the next potential target could be the $3,080 zone – aligning with the most recent swing low and acting as a possible support area. Summary: The $3,250 zone is the “checkpoint” to watch for selling pressure. If the price fails to break above this level, the downtrend is likely to continue. The lower edge of the triangle is the “lifeline” for buyers. If it breaks, the likelihood of a deeper drop increases significantly. What’s your take on this setup? Let’s share our views and spot the best trading opportunities together!
OANDA:XAUUSDShort
by Rocky_trade_
#NIFTY Intraday Support and Resistance Levels - 20/05/2025Flat opening expected in nifty in consolidation zone of 24950-25050 level. No major changes in yesterday's levels. Any strong rally only expected after breakout or breakdown of this zone. Upside bullish rally expected if nifty starts trading and sustain above 25050 level this upside rally can goes upto 25250+ level in today's session. Any major downside rally possible below 24950. Downside 24750 level will act as a strong support for today's session.
NSE:NIFTY
by TradZoo
Is Gold About to Enter a Sharp Downtrend?Hey traders, looking at the chart, it’s quite clear that gold is currently undergoing a clean technical pullback – with the main objective being to fill the GAP around the $3,200 zone. This area is a strong confluence with the EMA34, and also marks a level where decisive selling pressure was previously observed. Technically speaking, the overall structure remains bearish. Gold is still neatly confined within the descending channel, and recent rebounds appear to be nothing more than setups for sellers to "reload." The EMA34–EMA89 continue to serve effectively as dynamic resistance, and price action is already showing signs of fading bullish momentum as it approaches this key barrier. The market is also responding to growing concerns over new U.S. tax policies, combined with a waning sense of defensive positioning. From my observations and feedback from various sources, the general sentiment leans toward gold continuing to weaken in the short term – not because of any sudden shock, but due to a lack of compelling bullish catalysts.
OANDA:XAUUSDShort
by Rocky_trade_
6
TradeCityPro | INJUSDT Best Position Among Altcoins! 👋 Welcome to TradeCityPro Channel! Let’s dive in and analyze one of my favorite coins in the cryptocurrency space, INJ, which is showing strong potential. We’ll check the new entry triggers together. 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Time Frame On the weekly time frame, I see that the seventh period is stable, INJ, and compared to the majority of altcoins that have their own low price levels, it is in a better space and is engaged in its own supports! After breaking the primary trend ceiling, namely 9.28, we experienced a sharp upward movement and formed a historical ceiling at $53, and after forming a distribution box and breaking the important floor of 16.20 and pulling back to it, we experienced a continued decline. Currently, we’ve bounced from the key support at 6.54 and experienced a 90% move, which highlights the importance of this resistance. If we form a higher low above 6.54, the 13.54 trigger will be excellent for a spot buy, and I’ll personally add another buy position at that level. 📉 Daily Time Frame On the daily time frame, our trend is completely bearish as you can see, and the events are completely accompanied by the formation of a downward bottom and top, but we are likely to suffer for a while. After getting rejected from 34.16 and forming a box between 20.16 and 25.93 and losing the bottom, it made a move and then while pulling back with low volume and the next conversion to red, it became an inverted Sharpe, we experienced a decline! After breaking the daily trendline and activating its trigger at 8.54, we saw a move and got stuck at the 10.32 resistance. After forming a higher low, we moved up to 13.76. Currently, the 13.76 trigger, and even better, 16.25, can serve as our futures long and spot long triggers, respectively. We’re still holding the position opened at 10.32. ✍️ Final Thoughts Stay level headed, trade with precision, and let’s capitalize on the market’s top opportunities! This is our analysis, not financial advice always do your own research. What do you think? Share your ideas below and pass this along to friends! ❤️
Long
by tradecitypro
2
EURUSD: Support & Resistance Analysis For This Week 🇪🇺🇺🇸 Here is my latest support and resistance analysis for EURUSD. Resistance 1: 1.1250 - 1.1295 area Resistance 2: 1.1368 - 1.1381 area Resistance 3: 1.1420 - 1.1427 area Resistance 4: 1.1510 - 1.1574 area Support 1: 1.1051 - 1.1093 area Support 2: 1.1085 - 1.1089 area Support 3: 1.1073 - 1.1078 area Consider these zones for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
EUR/USD DAILY PLAN – BREAKOUT CONFIRMATION OR FAKEOUT TRAP?EUR/USD DAILY PLAN – BREAKOUT CONFIRMATION OR FAKEOUT TRAP? 🧠 Macro Overview This week’s trading landscape is influenced by both European and U.S. developments: EU Side: There are no major macroeconomic releases ahead, but expectations are growing that the ECB may adopt a more dovish tone in upcoming meetings. If inflation continues to cool, the euro may face downside pressure. U.S. Side: Last week’s CPI and PPI data showed signs of cooling inflation, yet not enough for the Fed to shift gears. The U.S. dollar remains supported by the prospect of “higher for longer” interest rates. Global Sentiment: Ongoing U.S.–China tensions and trade policy updates in Europe are keeping risk appetite cautious. The EUR/USD pair is testing a key zone and may break out of the descending channel soon — or reject hard if buyers fail to hold. 📊 Technical Analysis (H1 Chart) EUR/USD bounced strongly from the 1.1160 – 1.1180 demand zone and is now testing the key resistance at 1.1237 — a confluence of descending trendline and the 200 EMA on the 1H chart. A clean breakout above and sustained hold of 1.1237 could pave the way toward higher resistance levels at 1.1270 and 1.1325. However, if the pair gets rejected at 1.1237, it may fall back to test the lower support at 1.1160 – 1.1180, possibly forming a range before a larger move. 📌 Key Levels to Watch 🔺 Resistance Levels: 1.1237 → Key confluence zone (EMA200 + trendline) 1.1270 → Previous swing high 1.1302 – 1.1325 → Upper resistance zone with Fibo confluence 🔻 Support Levels: 1.1180 → Immediate demand area 1.1160 → Critical trendline support A break below 1.1160 could trigger stronger bearish momentum 🎯 Trading Scenarios 1. Bullish Breakout Above 1.1237 🔹 Entry: 1.1240 – 1.1250 🔹 SL: 1.1210 🔹 TP: 1.1270 → 1.1302 → 1.1325 2. Bearish Rejection at 1.1237 🔻 Entry: 1.1230 – 1.1225 🔻 SL: 1.1255 🔻 TP: 1.1180 → 1.1160 3. Buy-the-Dip at Key Support 🔹 Entry: 1.1165 – 1.1170 🔹 SL: 1.1135 🔹 TP: 1.1200 → 1.1230 ⚠️ Key Notes: Avoid entering trades during chop between 1.1215 – 1.1237 unless breakout confirmation appears. Be cautious of liquidity grabs during London and NY session opens. Stick to tight risk management as market remains uncertain and range-bound. 📌 Conclusion: EUR/USD is at a decision point. Whether bulls take control or sellers defend key resistance will determine short-term trend direction. Trade the breakout or the reaction — not the prediction.
Long
by MMFlowTrading
2
Gold Price Surge Will This Be the Catalyst for the Next Breakout💥 Gold Price Surge: Will This Be the Catalyst for the Next Breakout? | Trading Plan for Today 📊 📊 Market Overview: ✔️ Gold (XAU/USD) has shown a strong recovery following significant geopolitical and economic developments over the weekend. Key factors driving this rally include: ✔️ Putin’s Rejection of Peace Talks: If the conflict intensifies, we may see a surge in demand for safe-haven assets like gold. ✔️ US Credit Downgrade: Rising concerns over US debt and bond yields could drive more investors back into gold. ✔️ Trump’s Tariff Threat: Although less aggressive than before, Trump’s volatility still poses risks to market stability, with gold remaining a key hedge. ✔️ These combined factors have driven a gap up of over 20 points during the early Asia session. Should these issues remain unresolved, gold could be set for a strong move back toward its previous All-Time High (ATH). 📉 Technical Analysis: ✔️ The chart is showing an increasingly bullish setup. EMA 13 has crossed above both EMA 34 and EMA 200 on the M30 chart, suggesting that the market is primed for a breakout. ✔️ We’re seeing the potential for a $100–$200 rally per ounce, should the bullish momentum persist. ✔️ Given the current market volatility, geopolitical events could cause sharp price movements. A breakout of the current trendline may indicate that we are witnessing a retest before the next significant surge. 🔑 Key Levels to Watch: 🔻 Support Levels: 3204, 3193, 3186, 3174, 3163 🔺 Resistance Levels: 3254, 3277, 3288 💰 Trading Strategy for Today: ✅ BUY Scalp: 3194 – 3196 🔴 Stop-Loss (SL): 3190 ✅ Take-Profit (TP): 3200 → 3210 → 3220 → 3230 ✅ BUY Zone: 3186 – 3184 🔴 Stop-Loss (SL): 3180 ✅ Take-Profit (TP): 3190 → 3195 → 3200 → 3210 → 3220 → 3230 ✔️ SELL Zone: 3287 – 3289 🔴 Stop-Loss (SL): 3293 ✅ Take-Profit (TP): 3285 → 3280 → 3285 → 3280 → 3270 💎 Good Luck! Stay tuned for more updates, and trade wisely! 📈
OANDA:XAUUSDLong
by MMFlowTrading
EUR/USD – Symmetrical Triangle Breakout & Bullish Continuation🔍 Overview The EUR/USD pair has presented a classic and high-probability trading setup based on a symmetrical triangle formation, which recently experienced a bullish breakout. This pattern has formed after a period of compression and consolidation, creating a coiled spring scenario. Technical traders often watch for such breakouts as they signal the resumption of momentum with clear entry, stop-loss, and target zones. This chart combines pattern recognition, key price action levels, psychological curve mapping, and structured trade planning. Let’s dive deeper into each component. 🧱 1. Chart Structure and Pattern Analysis 🔷 Symmetrical Triangle Formation A symmetrical triangle is a continuation pattern formed when price action contracts between two converging trendlines. This represents market indecision — both buyers and sellers are cautious, gradually narrowing the price range. In this setup, the triangle has been forming since May 11, 2025, with a visible tightening of price action. The chart shows well-respected upper and lower trendlines, confirmed with multiple touches on both sides. 🔼 Breakout Confirmation A breakout occurred from the triangle's upper boundary around May 19, with a strong bullish candle closing above the structure. Breakouts from symmetrical triangles often lead to sharp movements due to built-up pressure during the consolidation phase. The volume typically expands at breakout zones (although volume is not displayed, price behavior implies it). 🔁 Retesting Area Price may revisit the broken trendline (previous resistance → now support) for a retest before continuing higher. This "retesting area" provides an ideal entry for those who missed the initial breakout. Retests validate the breakout and confirm buyer strength. 🧱 2. Key Levels and Market Dynamics 🔻 Minor Resistance Zone (~1.13700–1.14100) This zone has previously acted as a supply area where sellers pushed price down multiple times. Price may hesitate or range within this area before breaking higher. If bulls maintain control, breaking through this resistance zone will add confirmation to the bullish momentum. 📈 Target Projection: 1.14662 The target is derived by measuring the height of the triangle and projecting it from the breakout point. It also aligns with a previous horizontal resistance level and psychological round number area. This zone could act as a medium-term profit-taking level for swing traders. 🧠 3. Black Mind Curve – Market Psychology in Play The "Black Mind Curve" is a representation of anticipated market sentiment and price flow. It reflects a wave-like journey post-breakout — early breakout, pullback, bullish continuation, minor consolidation, and final push toward the target. Such curves are used to forecast crowd behavior patterns, capturing how traders typically react post-breakout: 📌 Initial breakout ➜ Profit taking ➜ Retest ➜ Re-entry ➜ Final impulsive move. 🧮 4. Trading Strategy & Execution Plan ✅ Trade Setup Entry: Breakout Entry (already active) OR Retest Entry near the triangle’s upper boundary for conservative traders. Stop-Loss (SL) : Placed just below the triangle’s lower boundary at 1.11726. This level invalidates the breakout and prevents deeper drawdowns. Take-Profit (TP): Final target at 1.14662, offering excellent risk-to-reward potential. 📊 Risk-to-Reward Ratio: Depending on the entry (breakout or retest), the RR can range from 1:2.5 to 1:3.5, which is ideal for swing or short-term position traders. 📚 5. Educational Insight This pattern illustrates the importance of: Price compression zones (triangles and wedges) as precursors to momentum trades. Confirmation via breakout candles before entering high-conviction setups. Patience during retests, which allow re-entries with defined risk and improved pricing. Blending technical structure with psychological forecasting to stay aligned with market sentiment. 🔚 Conclusion EUR/USD is showing a technically sound and psychologically supportive setup for bullish continuation. The symmetrical triangle has broken with strength, and price is heading toward key resistance with momentum. If you're already long — consider holding until the target is hit or trailing stops to protect profits. If you're not in yet — watch for a retest to join the move with precision. 🔔 Always remember to manage risk effectively. No setup is guaranteed, but trading based on structure, confluence, and price behavior improves your edge
Long
by GoldMasterTrades
MarketBreakdown | GOLD, USDCAD, GBPNZD, GBPJPY Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GOLD #XAUUSD 4H time frame 🥇 I see some clear signs of bullish accumulation on intraday time frames. The price formed an ascending triangle pattern. Its neckline represents a significant resistance. Its violation and a 4H candle close above will provide a strong bullish confirmation signal. A growth to higher structures will be expected then. 2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 Do not forget that today is the official banking holiday in Canada. For that reason, CAD pairs might be slow. USDCAD is currently consolidating within a narrow range on a daily. I believe that for now, a consolidation is likely to continue. 3️⃣ #GBPNZD daily time frame 🇬🇧🇳🇿 The price successfully violated a falling trend line - a strong vertical resistance last week. We see a strong bullish reaction to that after its retest. I believe that the pair will continue growing, it will likely test a current high first and violate that, setting a new one then. 4️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵 The pair is trading in a strong bullish trend on a daily. The price is texting a significant support cluster at the moment, probabilities will be high that a growth will resume from that. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
4
BTCUSD Rectangle Pattern Breakout + Bearish Retest & Target🧩 Chart Overview This chart captures a well-defined rectangle continuation pattern forming within a rising channel on the 1-hour timeframe. This setup is a classic combination of horizontal and diagonal price structure interaction, offering valuable insights into potential market behavior and trade opportunities. 🧱 Structure Breakdown Rectangle Pattern: Price action was trapped in a sideways consolidation phase between the resistance zone (~104,800 - 105,400) and the support zone (~101,200 - 101,800). This rectangle followed a strong bullish rally, which often implies a continuation pattern. However, the lack of follow-through from bulls near the resistance led to repeated failures to break out, suggesting weakening momentum. Rising Channel: Within this rectangle, price respected a rising trendline support and resistance structure, forming a parallel ascending channel. Bearish Breakout: The significant event occurred when BTC broke down below both the horizontal support of the rectangle and the lower boundary of the rising channel, triggering a structural shift from bullish to bearish. 🔁 Retesting Phase – What’s Happening Now After the breakdown: Price pulled back toward the prior support zone, which is now acting as resistance (a classic example of the support-turns-resistance principle). This is commonly referred to as a retest, which validates the breakout and offers a lower-risk entry point for traders looking to short. The retest area (around 101,500 - 102,000) is crucial. If price fails to reclaim this level and prints bearish confirmation (e.g., rejection wick, bearish engulfing candle), it increases the probability of downward continuation. 🎯 Trade Setup (Short Bias) Entry Zone: 101,500 – 102,000 (on retest rejection confirmation) Stop Loss: Above 103,000 (above prior highs and invalidation point) Target 1 (TP1): 99,347 – key psychological and horizontal support level from prior structure Target 2 (TP2): 97,277 – measured move of the rectangle height projected downward, aligning with previous demand area This setup offers an attractive risk-to-reward ratio, assuming proper trade management and confirmation-based entry. 📊 Additional Technical Confluences Bearish Momentum: The aggressive breakdown candle shows strong seller interest and increased volatility. Volume: If confirmed with high selling volume during the breakdown and low buying volume during the retest, the move gains more credibility. Trend Reversal Signals: The break of the channel and the rectangle support indicates potential trend reversal from short-term bullish to bearish. RSI & Momentum Indicators (optional): Traders may use tools like RSI or MACD to confirm momentum shifts during retest. 📉 Psychological and Price-Level Significance 101,500 was a strong intraday support zone throughout the consolidation phase. Once broken, it flips polarity and acts as resistance. The round-number level of 100,000 is always a psychological magnet for BTC. It often acts as a bounce or breakout zone, so traders should watch price behavior near this area closely. Deeper demand may emerge around 97,000 – 96,500, which can serve as an extended target or reaccumulation zone depending on broader market conditions. ⚠️ Risk Management & Final Thoughts This setup is high-probability only if the retest confirms rejection. Avoid early entries or assumptions before confirmation. Always use proper stop-loss placement to avoid whipsaws or fake-outs. Manage position sizing based on account size and risk tolerance. News events or macro data can override technicals, so be aware of upcoming economic releases or sentiment shifts. 🧵 Conclusion Bitcoin is showing clear signs of short-term weakness following the breakdown of a long-standing consolidation range within a rising channel. The ongoing retest provides an ideal area for short positioning, with clearly defined invalidation and profit targets. ✅ If bears defend the retest zone, expect downside continuation toward 99.3K and possibly 97.2K.
CRYPTO:BTCUSDShort
by GoldMasterTrades
XAUUSD – Triangle Pattern Forming with Breakout PotentialThe price of Gold (XAU/USD) has recently gone through a structural shift, transitioning from a strong downtrend to a phase of market consolidation. This transition is clearly visible on the 1H chart where price has formed a symmetrical triangle, which generally signals price compression and often precedes a large breakout in either direction. The most recent significant downtrend came to a halt near a well-identified support zone around the $3,157 level. This level aligns with previous reactions, and the price sharply rebounded from this demand area—indicating strong buyer interest and liquidity absorption. Following this, the market has shown higher lows and lower highs, compressing into a tight range that is forming the triangle pattern. 📐 Technical Structure Breakdown: 🔸 Symmetrical Triangle Pattern A classic consolidation pattern. Formed by converging trendlines—one sloping down (resistance) and one sloping up (support). This triangle signifies market indecision between buyers and sellers. Volume is decreasing, which is typical in triangle formations and suggests a breakout is nearing. 🔸 Trendline Breakout & CHoCH (Change of Character) The earlier bearish trendline was broken, indicating a change in the short-term trend bias. The CHoCH label on the chart signals the point where bearish market structure was invalidated by a bullish rally, shifting momentum toward buyers. 🔸 Support Zone ($3,157) This zone served as the springboard for the current bullish impulse. Price wicked into this level multiple times and formed long lower shadows, confirming buyer absorption. Acts as the last line of defense for bulls if price retraces after a fakeout or failed breakout. 🔸 Major Resistance Zone ($3,393) This level is derived from historical supply, where sellers previously overwhelmed buyers. Now identified as the target zone in case of a successful bullish breakout from the triangle. A breakout above the triangle would likely trigger buy-side liquidity up to this resistance area. 🔄 Trade Scenario Planning ✅ Bullish Breakout Setup: Entry: Above upper triangle boundary (aggressive) or after successful retest (conservative). Confirmation: Break and close above triangle with volume. Target: $3,393 (major resistance zone). Stop Loss: Below last higher low inside triangle or breakout candle low. Risk-to-Reward: Favorable if managed properly from triangle base. ❌ Bearish Breakdown Scenario: Entry: Below triangle support trendline or upon hitting marked Sell Stop at ~$3,223. Confirmation: Strong bearish candle closing below the triangle with rising volume. Target: $3,157 support zone (first target), lower if momentum continues. Stop Loss: Just above the breakdown candle or inside triangle top. This provides a hedge setup if the market traps breakout buyers. 📉 Curve Zone & Parabolic Projection: A curve zone has been drawn to simulate a potential parabolic move to the upside. If price respects the curve, we might witness accelerated buying once the breakout confirms. This is a visual guide to monitor momentum alignment with volume and RSI. 📊 Conclusion: The market is currently in a compressed volatility phase within the triangle. Price is winding up and preparing for a large move. The setup provides a dual-opportunity strategy, allowing traders to position for either direction, depending on which side breaks first. Key levels of support and resistance are clearly defined, and risk can be tightly managed around the breakout points. This triangle pattern, coupled with a prior CHoCH and clear curve trajectory, gives a strong technical bias for a bullish breakout, but always stay alert for fakeouts and liquidity grabs, especially before big economic news. 🔔 Trading Notes: Watch for breakout volume and RSI divergence. Avoid entering prematurely—confirmation is key. Use alerts at breakout levels. Be aware of fundamental catalysts (e.g., USD news, Fed decisions, geopolitical tensions).
OANDA:XAUUSDLong
by GoldMasterTrades
Weekly $SPY / $SPX Scenarios for May 19–23, 2025🔮 Weekly AMEX:SPY / SP:SPX Scenarios for May 19–23, 2025 🔮 🌍 Market-Moving News 🌍 📉 Moody's Downgrades U.S. Credit Rating Moody's has downgraded the U.S. sovereign credit rating from Aaa to Aa1, citing concerns over rising national debt and interest payment ratios. This move aligns Moody's with previous downgrades by Fitch and S&P Global, potentially impacting investor sentiment and increasing market volatility. 🛍️ Retail Earnings in Focus Major U.S. retailers, including Home Depot ( NYSE:HD ), Lowe’s ( NYSE:LOW ), Target ( NYSE:TGT ), TJX Companies ( NYSE:TJX ), Ross Stores ( NASDAQ:ROST ), and Ralph Lauren ( NYSE:RL ), are set to report earnings this week. Investors will be closely monitoring these reports for insights into consumer spending patterns amid ongoing tariff concerns. 💬 Federal Reserve Officials Scheduled to Speak Several Federal Reserve officials, including Governor Michelle Bowman and New York Fed President John Williams, are scheduled to speak this week. Their remarks will be scrutinized for indications of future monetary policy directions, especially in light of recent economic data and market developments. 📊 Key Data Releases 📊 📅 Monday, May 19: 8:30 AM ET: Federal Reserve Bank of Atlanta President Raphael Bostic speaks. 8:45 AM ET: Federal Reserve Vice Chair Philip Jefferson and New York Fed President John Williams speak. 10:00 AM ET: U.S. Leading Economic Indicators for April. 📅 Tuesday, May 20: 8:30 AM ET: Building Permits and Housing Starts for April. 10:00 AM ET: Federal Reserve Bank of Minneapolis President Neel Kashkari speaks. 📅 Wednesday, May 21: 10:00 AM ET: Existing Home Sales for April. 10:30 AM ET: EIA Crude Oil Inventory Report. 📅 Thursday, May 22: 8:30 AM ET: Initial Jobless Claims. 9:45 AM ET: S&P Global Flash U.S. Manufacturing and Services PMI for May. 📅 Friday, May 23: 10:00 AM ET: New Home Sales for April. ⚠️ 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