Gold is mainly oscillating at high levels
Gold prices weakened in light trading as Trump postponed his threat of "directly imposing 50% tariffs" on the European Union. The delay reduced safe-haven demand, but broader market drivers still favor gold's bullish outlook. Market anxiety about the United States' ballooning deficit has intensified. The Congressional Budget Office estimates that this could increase the deficit by nearly $4 trillion. Long-term Treasury yields soared, with the 30-year Treasury yield reaching 5.14%, raising concerns about debt monetization and inflation. As a result, gold is more popular than traditional U.S. assets. Gold broke down from a high today and did not continue the bullish rise of the previous trading day, further indicating a phenomenon of bullish profit-taking. Whether the market will continue to break down in the future, we need to pay attention to whether the gold price continues to break down. At present, the main resistance level of gold is at 3347, and then $3357. Overall, Zhang Yifu believes that due to the early market closure, gold is likely to fluctuate in a narrow range. In terms of future operations, the high-altitude and low-multiple strategies should be considered. Pay attention to the resistance of $3347-3357 on the top and the support of $3325-3315 on the bottom.
If the gold price breaks above $3347, it will stop the expected bearish trend and push the gold price to regain the main volatility trend.
It is expected that the gold price will trade between the support level of $3320 and the resistance level of $3357 today.
Trend Analysis
SPY update - still bullish!In today’s session, we saw an increase in volume without significant price movement. This could indicate underlying uncertainty or a potential shift in momentum.
At the moment, price is still respecting a key trend line and several support levels. Until these are broken, it's too early to confirm whether the broader market is turning bearish.
🧠 I also want to point out that the price is forming an ascending channel, often a reversal pattern, especially when occurring at market highs. While we’re seeing some bearish signs, it’s crucial to remain patient and let the market show its hand.
📊 As always, the key is to observe, not assume, and be ready to adapt as the price action develops.
Thanks for watching the update, I hope it brought some insight and value to your trading journey!
Gold rebound is weak, short at high levelYesterday, gold stabilized and rebounded in the 3290-3300 area as expected, and the rebound high reached 3325. Friends who bought in this area should have made money.
Judging from the situation of this rebound, the bullish momentum can be said to be relatively weak. With the current strength, the rebound will not go too far.
From the chart, the rebound high is gradually moving down, and the key support area of 3290-3300 below is very close, and there is a possibility of breaking through at any time. Once it breaks through, it will inevitably test 3250 and 3200.
I will not consider going long on gold. On the contrary, I think the risk of going short will be much smaller.
GBPJPY Wave Analysis – 29 May 2025
- GBPJPY reversed from the key resistance level 196.00
- Likely to fall to support level 193.00
GBPJPY currency pair recently reversed down from the key resistance level 196.00 (which has been reversing the price from March) intersecting with the upper daily Bollinger Band.
The downward reversal from this resistance level 196.00 created the daily Japanese candlesticks reversal pattern Shooting Star.
Given the strength of the resistance level 196.00 and the bearish divergence on the daily Stochastic, GBPJPY currency pair can be expected to fall to the next support level 193.00.
BTCUSD NEXT MOVE (EXPECTING MILD BEARISH)(28-05-2025)Go through the analysis carefully, and do trade accordingly.
(TODAY ANALYSIS IS LOW ACURACY ANALYSIS)
Anup 'BIAS for BTCUSD (28-05-2025) (SHORT TERM)
Current price- 109000
"if Price stay below 1,10,000 then next target is 1,08,000, 1,07,000 and 1,06,000 above that 1,11,000.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
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Markets Lower Ahead of Nvidia Earnings Equity Indices traded loEquity Indices traded lower on the session today after seeing strong gains yesterday to start the week with the Russell leading the downside pressure being down near 1%. The FOMC minutes were released this afternoon and showed that the Fed was comfortable with rates remaining unchanged for the time being, and equity markets fell while traders saw Bond Yields trade higher. Gold, Silver and Copper also saw losses on the session with Copper leading the selling pressure being down near 1.5%.
The big news today came after the bell with Nvidia reporting earnings, where they saw a beat on both EPS and Revenue, and the S&P and Nasdaq are seeing some after hours gains. There was news this afternoon as well where President Trump ordered US chip designers to stop selling software to China, which could have longer term effects on the global supply and demand. Looking ahead for the rest of the week, traders will see key economic data looking at jobs and GDP that can add volatility to the equity indices and outside markets like the precious metals or crypto markets.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
GOLD NEXT MOVE (expecting a mild correction now)(26-05-2025)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (26-05-2025)
Current price- 3336
"if Price stays below 3350, then next target is 3326, 3315, 3300 and 3285 and above that 3370 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
Support us by liking and sharing the post.
MU Monthly Chart – Support Bounce $65, Resistance at $97Micron Technology ( NASDAQ:MU ) delivered a textbook bounce in April — right off major monthly support around $65, which also aligns with a trendline dating back to 2015.
This bounce came during a broader market pullback, and NASDAQ:MU showed strength with the overall market rebounded.
Since then, price has climbed into a critical level of resistance/support at $97 — a key area to watch ahead of earnings on June 25th.
Long-term trendline support from 2015
Analyst average target: $123
TradingView rating: Strong Buy
Next resistance = $97
Major earnings catalyst in late June
If NASDAQ:MU can break and hold above $97, that opens the path toward the $120 zone. If not, we could see a retest of lower levels post-earnings.
📅 Watch how price behaves around $97 leading into earnings.
Trading Signals for EUR/USD Sell below 1.12907 (200 EMA-21 SMA)Early in the American session, the euro is trading around 1.12640 within the uptrend channel formed on the H4 chart since May 9 and showing signs of exhaustion.
If the euro continues its bullish cycle, we could expect a break and consolidation above 1.1354, then it could reach the 7/8 Murray level at 1.1475.
Technically, we observe that the euro is overbought, and the chart shows a small secondary downtrend channel, which will be viewed as a selling opportunity in the coming days.
The euro could attempt to recover in the coming hours as we see a small technical rebound. However, it faces strong resistance around 1.1354. Below this area, any technical rebound will be viewed as a selling opportunity, with short-term targets around the psychological level of 1.1000.
A sharp break of the uptrend channel and consolidation below the 6/8 Murray level could confirm the next bearish move and could fill the gap left at 1.1162 and even reach the 5/8 Murray level at 1.0986.
It seems calm, but there are actually undercurrents!Today, the monthly, weekly and daily lines closed simultaneously. At the same time, the PCE data will be released during the US trading session, and the market volatility may intensify.
From a technical point of view, 3285 is also the key to long and short today. If gold does not break 3285 today, the strength of gold bulls is expected to continue, and there is still room for gold to move upward. If gold continues to fall and falls below 3285, then gold may begin to fluctuate in a large range. The upper resistance is in the 3320-3330 area, and the focus is on the 3335-3340 line of suppression. Pay attention to the 3290-3285 line of support below, and the key position below is in the 3280 area. If it breaks below the 3280 area during the day, the market is expected to fall again to the 3265-3250-3240 area.
BTC Short Swing Trade Setup with 2.6:1 Risk-Reward RatioBitcoin appears ready for a temporary pullback before another major move toward a new all-time high. This short setup targets a 0.382 Fibonacci retracement and offers a 2.6:1 risk-reward ratio —
Entry at $106,490
Stop Loss at $109,814
Target at $97,700
This is for educational purposes only.
Gold bullish pattern continuesThe 1-hour gold candlestick chart shows that the Bollinger channel is in an upward opening shape, and the short-term trend is weak. From the analysis of the moving average system, the short-term moving average is in a bullish arrangement, which continues to support the gold price and further confirms the upward trend. However, the current price is close to the overbought area, and we need to be alert to the risk of a pullback. In terms of operation strategy, Weng Fuhao recommends maintaining a low-to-long mentality and focusing on long opportunities after the pullback. The upper resistance level is the 3335-3340 area, and the lower support is the 3280-3270 range. The specific operation suggestion is that if the gold price pulls back to the 3305-3310 area and stabilizes, you can consider arranging a long order, and this range needs to be paid attention to.
Operation strategy:
Gold recommends long positions in the 3305-3310 area, with a stop loss at 3297, and a target of 3320-3330. If it breaks, hold
XRPUSD EMA HAMMER REVERSALS AND LP TPPROVIDES ACCURATE BASED STRATEGY FOCUSING ON THE CANDLE STICK CHARTS;
EMA - Exponential Moving Average
What is an EMA?
- An EMA is a type of moving average that places a greater emphasis on recent data points, making it more responsive to current price changes compared to a Simple Moving Average (SMA).
- This characteristic makes it particularly useful in the volatile crypto market, where prices can fluctuate rapidly.
- It is used by traders and analysts to interpret market trends, gauge momentum, and ascertain the direction of price movements.
HOW IS EMA USED IN CRYPTO TRADING
-Trend Identification: A rising EMA can signal a bullish trend, while a falling EMA suggests a bearish trend.
-Generating Trading Signals: Traders often use the EMA crossover strategy, which involves observing when two EMAs of different periods intersect to identify potential buy or sell signals.
Support and Resistance Levels:
EMAs can act as dynamic support and resistance levels. When the price of a cryptocurrency is above the EMA line, it can act as support, and when it is below, it can act as resistance.
Smoothing Price Data:
EMAs smooth out price data, providing a clearer view of the overall trend and reducing market noise.
Differences between EMA and SMA:
Responsiveness: EMA is more sensitive to recent price changes, making it better suited for short-term trading.
Weighting: EMA gives more weight to recent prices, while SMA assigns equal weight to all data points.
Speed: EMA reacts faster to price changes than SMA.
U Unity Potential Buyout Soon?!If you missed my previous signal on U (Unity):
Now Unity Technologies (NYSE: U) just caught fire — surging 12.5% in a single day — on a massive uptick in volume that should have every sharp trader watching closely. With $39.1M in volume against a daily average of 9.4M shares, something is clearly brewing beneath the surface.
But this isn’t just about technicals — the options market is lighting up with unusual activity, and there’s fundamental buyout potential that’s getting harder to ignore.
🔍 Options Traders Are Making Bold Bets
Yesterday: Traders loaded up on January 16 $37 strike calls — deep out-of-the-money, high-risk, high-reward plays.
Today: A massive $3.5 million bet was placed on the $30 strike calls, also expiring January 16.
These aren’t casual bets. This is smart money positioning for a potential takeover or major catalyst, and the timeline is clear: January 2025.
📈 Why a Buyout Could Be Back on the Table
Let’s rewind. On August 9, 2022, AppLovin (APP) made an unsolicited offer to acquire Unity in an all-stock deal worth $17.5B, valuing Unity shares at $58.85 — an 18% premium at the time. Unity rejected the deal.
Fast forward to today:
AppLovin's market cap has exploded — now sitting at a jaw-dropping $127B, up 3,800% since late 2022.
Unity, meanwhile, is a shadow of its former self, trading far below its ATH of $201.12 (November 2021), with ongoing struggles in monetization and competition.
But this disparity creates a prime M&A setup:
AppLovin now has the firepower and strategic incentive to revisit the acquisition — with Unity’s depressed valuation, it’s arguably a bargain.
The AI + gaming narrative is red hot. Combining Unity’s engine with AppLovin’s ad and monetization capabilities could be the synergy Wall Street loves.
🎯 The Trade Setup
Unity just broke out with conviction on high volume — this could be the first leg of a larger move.
Options flow suggests bullish sentiment into early 2025.
A renewed takeover offer could easily push the stock back toward the $50–60 zone, if not higher.
🧠 Final Thoughts
Unity is no stranger to volatility, but when volume spikes, options explode, and a cash-rich suitor like AppLovin is thriving, traders should sit up and pay attention.
We may be watching the early stages of a buyout story 2.0 unfold — and Wall Street might be starting to price it in.
📌 Watch Unity (U) closely in the coming weeks. The market may be whispering — or shouting — "Takeover incoming."
BTC/USD Testing Resistance Near Downtrend LineBitcoin is currently approaching a descending trendline and horizontal resistance zone around $109,148–$109,177 on the 15-minute chart. Price has shown a steady climb, but is now testing a key level that previously acted as a supply zone.
If price fails to break and close above this level, a potential retracement toward the $107,437 area may follow. The setup displayed on the chart suggests a short-term risk-managed approach, with clearly defined zones for price reaction.
Volume remains steady, and this could be a decision point for bulls and bears in the short term. Watching for confirmation either way.
📌 For educational and charting purposes only.