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Trend Analysis

Falling towards 61.8% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot, which serves as pullback support and could bounce to the 1st resistance, which acts as pullback resistance. Pivot: 1.3315 1st Support: 1.3159 1st Resistance: 1.3586 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Phemex Analysis #85: Is it Time to Enter SOPHON (SOPH)?!SOPHON ( PHEMEX:SOPHUSDT.P ), a rising project in the cryptocurrency space, has recently attracted traders' attention with its dynamic price action and notable volatility. Currently trading around $0.055, SOPH experienced a bearish move after failing to maintain earlier gains above $0.065. As the price now hovers near crucial short-term support levels, traders are evaluating whether this dip presents a buying opportunity or signals further downward pressure. Let’s explore several potential scenarios based on SOPH’s 15-minute chart to determine if now is the ideal moment to enter the market. Possible Scenarios (15-minute chart) 1. Double Bottom at $0.05 with RSI Divergence (Bullish Reversal) A closer examination of SOPH's 15-minute chart reveals the potential formation of a double bottom near the $0.05 level, accompanied by RSI divergence. Specifically, the RSI is showing higher lows while the price revisits its previous low, signaling diminishing selling pressure and a likely bullish reversal. Pro Tips: Long-term Accumulation: Consider gradually accumulating SOPH near the $0.05 support if bullish divergence persists. Confirmation: Wait for price stabilization and rising volume near the support level to confirm the reversal before scaling in. 2. Breakout Above $0.058 (Bullish Confirmation) If SOPH decisively breaks the immediate resistance level at $0.058, especially accompanied by high trading volume, it could mark a strong bullish signal. However, after the breakout, a minor retracement could form a classic "cup and handle" pattern—historically a robust bullish setup—prior to resuming its upward trajectory. Pro Tips: Long Entry: Go long upon confirmed breakout above $0.058. Pattern Recognition: If a cup and handle pattern forms after the breakout, look to add positions on the subsequent confirmation, preparing for potentially significant upward movement. 3. Bearish Continuation (Cautionary Scenario) On the downside, if SOPH falls below the critical support at $0.0528 accompanied by higher-than-average trading volume, it indicates the bearish momentum might persist. Such a breakdown could lead to further declines and test deeper support zones. Pro Tips: Risk Management: Avoid entering new long positions if this bearish scenario plays out. Market Observation: Remain on the sidelines, observing until clear bullish reversal signals or price stabilization at a lower support level appear. Conclusion SOPHON (SOPH) currently sits at a crucial juncture, offering potential opportunities depending on how price action unfolds in the short term. Traders should closely watch for bullish divergence signals around $0.05, breakout confirmations above $0.058, or bearish continuation below $0.0528. Employ disciplined risk management, and remain adaptable to market dynamics to confidently and strategically trade SOPHON (SOPH). Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
PHEMEX:SOPHUSDT.P
by Phemex
Gold May Undergo Short-Term Correction Amid Technical Resistance📊 Market Overview: Gold is currently trading around $3,314/oz, slightly down after testing resistance near $3,350. The market faces pressure from a strengthening USD and inflation concerns. Investors are closely monitoring signals from the Federal Reserve regarding future monetary policy. 📉 Technical Analysis: • Key Resistance: $3,350 • Nearest Support: $3,200 • EMA: Current price is near the 50-day EMA, indicating a potential trend reversal if resistance holds. 📌 Outlook: Gold may decline in the short term if it fails to break above the $3,350 resistance and the USD continues to strengthen. 💡 Suggested Trading Strategy: SELL XAU/USD at: $3330 o 🎯 TP: $3,310 o ❌ SL: $3,340 BUY XAU/USD at: $3,230 o 🎯 TP: $3,250 o ❌ SL: $3,220
OANDA:XAUUSDShort
by Mian-FXSignals
Today's gold price: short again after falling below 3300Today's gold price: short again after falling below 3300 This will be my last participation in the market this week and my last belief. Sell: 3295-3300 Stop loss: 3325 Target: 3250-3220-3200 The repeated fluctuations in the past two days are really heartbreaking. Even as a professional trader, I feel exhausted. This week is another dull week. Trump's changes in instructions caught people off guard. But trading is like this, always back and forth, and many times, we can't fully control it, but are controlled by it. In order to seize as many time periods as possible that can control the fluctuations in gold prices, I often maintain a rhythm, trade only a few signals a day, and only trade in specific time periods that I can understand. And strictly control stop loss and take profit, and use one month's data to calculate all my profits and losses. After talking about mentality, let's analyze the price of gold: Fundamental core: Policy repetition and risk aversion The US federal court ruled to suspend Trump's tariff policy, but the federal appeals court subsequently agreed to suspend the implementation of the ruling. Policy uncertainty leads to fluctuations in market risk aversion demand. The White House said it would explore other legal ways to levy taxes, which exacerbated expectations of policy chaos and strengthened the attributes of gold as a safe-haven hedge tool. Economic data and Fed policy Weak employment data: As of the week ending May 24, the number of first-time unemployment claims in the United States surged by 14,000 to 240,000 (expected to be 230,000), suggesting a weak labor market and the probability of a rate cut in September rose to 84.4%. Minutes of the Fed meeting: Keep interest rates unchanged, but acknowledge the risk of stagflation with "inflation and unemployment coexisting", and policy differences have intensified. Geopolitical risks and long-term support The situation in the Middle East (Israel may attack Iran's nuclear facilities) and the continued conflict between Russia and Ukraine have limited the decline in gold prices due to geopolitical premiums. Central banks around the world have strong demand for gold purchases: China's gold imports in April hit an 11-month high. In 2024, global central banks will purchase more than 1,000 tons of gold, which will support gold prices in the long term. 2. Key technical points Support level: Short-term: 3280-3290 (4-hour Bollinger band middle track + psychological barrier). Medium-term: 3250 (50-day moving average, if it falls below, it may fall to 3217). Resistance level: Short-term: 3335-3340 (previous high pressure area). Breakthrough target: 3350 (opening the channel to 3400). Key events: US core PCE data for April: If inflation is lower than expected (previous value 2.8%), expectations of interest rate cuts will increase, which is good for gold; if it exceeds expectations, gold prices may fall below 3250 points. Sudden change in geopolitical situation: Israel's attack on Iran's nuclear facilities may cause the gold price to surge 5% in a single day, breaking through 3,400 points.
OANDA:XAUUSD
by Louisa21210
AUDUSD Will Explode! BUY! My dear followers, I analysed this chart on AUDUSD and concluded the following: The market is trading on 0.6420 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6455 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Snapchat Long?Technical Analysis: - NYSE:SNAP has been very close to a very strong support zone on its Daily chart, offering a potentially good trade in my opinion. Fundamental Analysis: -In 2024, Snap reported an annual revenue of $5.36 billion, marking a 16% increase from the previous year. However, the company still posted a net loss of $698 million, an improvement from the $1.32 billion loss in 2023 . Adjusted EBITDA improved to $509 million in 2024, up from $162 million in 2023, indicating better operational efficiency. -Quarterly results showed similar trends. For instance, in Q2 2024, revenue increased by 16% year-over-year to $1.24 billion, but the company still incurred a net loss of $249 million . In Q4 2024, Snap achieved a net income of $9 million, compared to a net loss of $248 million in the same quarter of the previous year . Challenges: -Snap faces intense competition in the digital advertising space from larger rivals like Meta Platforms (Facebook and Instagram) and TikTok. These competitors have more extensive user bases and more advanced ad-targeting capabilities, making it challenging for Snap to attract and retain advertisers . Disclaimer: This is just my personal opinion and not professional financial advice. Any investment decisions you make are entirely your responsibility. I am not a licensed financial advisor, and I do not guarantee the accuracy or completeness of the information provided. The figures mentioned may be inaccurate, outdated, or subject to change — so please do your own research and due diligence before making any financial decisions. Investing involves risk, and any losses incurred are at your own risk.
NYSE:SNAPLong
by bossout10
1
NVIDIA Stock Weekly Outlook: Support Holds Strong as $185 TargetThe weekly chart of NVDA shows a strong continuation pattern forming after a period of consolidation and a healthy pullback. The recent price action confirms a bullish stance, with a fresh bounce off support and momentum gradually shifting in favor of the bulls. ________________________________________ Long-Term Uptrend Confirmed The blue ascending trendline drawn from early 2023 remains intact, showing that the overall trend is still bullish. NVDA has respected this trendline multiple times, with each touch followed by a renewed upward move. This week, the price rebounded once again near this trendline, confirming its role as dynamic support and signaling renewed buying interest. ________________________________________ Resistance and Breakout Potential The key resistance level is marked at $152.98, which represents the recent weekly high and a psychological barrier. This level has acted as a ceiling in past attempts, but the current structure and momentum suggest a potential breakout if volume confirms. Above this level, there's clear air up to $185, where the next major resistance sits, and which also acts as the projected target in this trade setup. ________________________________________ Support Holding Strong A strong support zone around $93.40 is clearly defined and has already triggered multiple rejections. NVDA recently saw a sharp bounce from this zone after a downward rejection, signaling that institutional buyers may be active here. This area is the foundation of the current bullish case. ________________________________________ Momentum Turning Favorably The True Strength Index (TSI), shown at the bottom of the chart, is emerging from a low region. While not yet fully bullish, the indicator is starting to turn upward, suggesting early signs of momentum building. If TSI crosses above the midline in coming weeks, it could confirm the start of a sustained upward move. ________________________________________ Trade Setup • Entry Zone: $138 to $140 (current price range) • Stop-Loss: $110 (beneath the last significant swing low) • Target: $185 (aligns with the next major resistance and top of risk-reward box) • Risk-Reward Ratio: Approximately 1.5:1 • Setup Bias: Swing to mid-term bullish continuation ________________________________________ Conclusion NVIDIA’s weekly chart is aligning in favor of the bulls after a healthy consolidation and support retest. The price remains within a strong uptrend channel, and momentum is gradually improving. A breakout above $152.98 would likely attract more volume and set the stage for a rally toward $185. The risk-reward setup is favorable, making this a strong candidate for bullish swing positioning heading into Q3 2025.
NASDAQ:NVDALong
by SupertradeOfficial
Gold Trade Plan 29/05/2025Dear Traders, Gold has strongly broken through the 3290 zone and is currently fluctuating around the 3300 level. As long as the price remains below 3325, the bearish scenario toward 3200–3140 remains valid. However, if the 3325 zone is broken, we will enter a bullish wave aiming for the previous high. if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
OANDA:XAUUSDShort
by alirezak
Could the price bounce from here?USD/JPY is falling towards the pivot and could bounce to the 1st resistance, which acts as a pullback resistance. Pivot: 143.25 1st Support: 141.80 1st Resistance: 145.97 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bitcoin Challenges Support —Never Ever Below $80,000 (80K)I updated this chart to show the full support range. This is Bitcoin's main support. Between $100,000 and $103,000. If this level breaks, prepare to see Bitcoin producing another week red then consolidation, on and on, before the next high. If this support holds, then we can expect a soon and fast recovery. The most likely scenario is that it will take around 2-3 weeks before the retrace-correction is over followed by new growth. Remember, always a higher low. Just look back to August 2024. After the major low was in, there was indeed retraces and corrections as part of the bullish phase. It is the same. Retraces and corrections are just an opportunity to buy-in, rebuy and reload. If you missed below $80,000 in the last drop, you can get below $90,000 in this drop. But not much lower. Bitcoin will never ever trade below 80K. Thank you for reading. Namaste.
by MasterAnanda
Link Update (4H) Correction Has StartedIn my previous analysis, I presented two different perspectives on LINK. On lower timeframes, LINK completed its 5-wave impulsive structure, but in doing so, it invalidated the macro reversed Head and Shoulders pattern—rendering it no longer valid. Currently, LINK has entered a classic A-B-C corrective phase, signaling temporary market weakness. If the price drops below the key S&R zone (highlighted in pink), I expect a swift move down towards the $13.45 level. This target coincides with a well-defined demand zone, adding further confluence to the short thesis. 📉 Outlook: Favorable for short positions upon confirmation of breakdown. — Thanks for reading.
Short
by vs_sayin
$DOT - Polkadot imminent bullish momentumHey traders! Hope you are doing GREAT! On this occasion I've decided to spot on CRYPTOCAP:DOT as its showing a clear bullish momentum ( as other alts). The chart is clear about the movement. There is no need to use fancy indicators neither a complex analysis. Just price action. As a brief comment, $Polkadot broke a clear bearish trend with confirmation on the daily timeframe. That's why I'm looking for a speculative trade (just in and out). What I'm targeting? Prices between 6.00 USD and 7.00 USD in short term could be a nice zone to take profits. Stay tuned!
Long
by Ometrading
XAUUSD: Market Analysis and Strategy for May 30Gold technical analysis Daily chart resistance level 3350, support level below 3260 Four-hour chart resistance level 3350, support level below 3280 One-hour chart resistance level 3325, support level below 3290 1-hour chart Bollinger Bands open downward, 4-hour chart RSI (50) neutral, ADX (35) trend momentum weakened, below $3280 will accelerate downward. MACD green column shrinks, RSI (45) neutral to weak, if it fails to break through $3305, the bearish trend will continue. The first target is around 3280. NY time announced the annual rate of the US core PCE price index in April. Pay attention to the 3280~3320 range, sell high and buy low. After the news data is released, if the data exceeds expectations, the gold price will fall below the 3280 support, or fall to 3250-3245 US dollars, and you can follow the trend to short; if the data is weak, it may hit 3330-3345 US dollars after breaking through 3320. SELL: 3320near SL: 3325 BUY: 3280near SL: 3275
TVC:GOLD
by ActuaryJ