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Wave Analysis

May 28, 2025 - XAUUSD GOLD Analysis and Potential OpportunitySummary: Gold is currently ranging between 3288 and 3350, showing consolidation. Watch for breakouts on either side. • Around 3323 is a good level to consider both long and short setups depending on price action. • A break below 3288 signals rising bearish pressure, possibly targeting the 3266 zone. • A break above 3350 suggests renewed bullish momentum, with potential to reach 3370. Patience is key — wait for confirmation at critical levels, manage position sizing carefully. Key Levels to Watch: • 3350: Midpoint resistance • 3345: Resistance • 3337: Resistance • 3323: Intraday key resistance • 3315: Resistance • 3305: Key support • 3300: Psychological level • 3288: Intraday key support • 3280: Support • 3265: Support Short-Term (15m) Trading Strategy: 1. For Shorts: • Enter SELL if price breaks below 3305 • Watch 3300, then 3296, 3288, 3280 2. For Longs: • Enter BUY if price holds above 3315 • Watch 3323, then 3332, 3341, 3350 👉 If you found this useful or traded from these ideas, a like would be greatly appreciated. Thanks for your support! Disclaimer: This is my personal opinion, not financial advice. Always use proper risk management.
OANDA:XAUUSD
by Ombabibi
EUR-AUD Short From Resistance! Sell! Hello,Traders! EUR-AUD made a retest Of the key horizontal Resistance level of 1.7640 From where we are already Seeing a bearish pullback so As we are locally bearish Biased and we will be Expecting a further Bearish move down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
AUDUSD Daily Squeeze – Breakout LoadingAUDUSD is pressing against descending trendline resistance, forming a bullish continuation wedge just above the 0.6420–0.6450 support zone (50% Fib level). Price has been consolidating tightly, suggesting a potential breakout setup is developing. Key Levels: Resistance: 0.6500 – 0.6547 (wedge top and 61.8% Fib) Support: 0.6420 (local structure), 0.6300 (deeper demand zone) Bullish Target: 0.6718 → 0.6900 → 0.6950 Invalidation: Daily close below 0.6410 Scenarios: 🔹 Bullish Breakout Clean break above wedge resistance Momentum push toward 0.6700–0.6900 zone Confirmation = daily close above 0.6547 (Fib confluence) 🔹 Fakeout + Pullback Temporary rejection leads to retest of 0.6420–0.6400 Holds support = high-probability long setup for second wave up Outlook: Bias: Bullish AUDUSD is building bullish pressure after defending key support. Wedge structure favors breakout continuation, especially if global risk sentiment remains firm and USD softens.
by ultreosforex
4
GBPUSD Near Key Resistance – Watching for PullbackGBPUSD has surged to test the 1.3538 resistance, forming a strong impulsive rally supported by higher lows and tight bullish consolidation patterns. However, price is now pressing into a major horizontal resistance and rising trendline, setting up for either continuation or correction. Key Levels: Major Resistance: 1.35389 (previous high, potential double top) Trendline Support: ~1.3440 (ascending structure) Downside Target (if break occurs): 1.3140 (range floor) Scenarios to Watch: 🔹 Bearish Scenario (Primary Watch) Price reacts to 1.3538 and forms a rejection candle Break of the ascending trendline may trigger a retracement Downside target zones: 1.3440 (initial structure) 1.3140 (major support zone) 🔹 Bullish Breakout (Alternate Scenario) Clean break and close above 1.3538 Would invalidate short-term correction and open path to new highs Momentum continuation possible toward 1.3600–1.3700 Pattern Notes: Bullish structure with minor flags and wedges in the uptrend But rally is extended and hitting overbought territory near resistance RSI divergence or reversal patterns around this level would strengthen short case Conclusion: 📌 GBPUSD is at a major resistance. Watch for rejection or breakout. 📌 If it holds below 1.3538 and breaks trendline, short setup is favored. 📌 If it breaks out above 1.3538 with volume, stay out of shorts and wait for retest.
Short
by ultreosforex
4
EURUSD Reaches Key Resistance – Reversal or BreakoutEURUSD has rallied back to the 1.1382 resistance level, a zone where price previously rejected multiple times. Current structure suggests price is approaching a decision point, where it may either: Form a double top or head-and-shoulders reversal Or break out toward 1.1573, the next major resistance Key Levels: Resistance: 1.13825 → Critical decision zone Support: 1.11442 → First major downside target Deep Support: 1.10846 → Recent low Scenarios to Watch: 🔹 Bearish Case (Primary Setup) Price fails to break above 1.1382 Reversal candlestick forms below resistance Breakdown may target: 1.1144 (first support) 1.1084 (continuation target) 🔹 Bullish Case (Less Likely Unless Confirmed) Break and close above 1.1382 Bullish continuation to 1.1573 Would signal shift in medium-term trend bias Chart Pattern Notes: Price has made multiple lower highs, but also held structure A triple top or reversal setup is forming unless bulls break decisively Bearish wedge and neckline structures from past price action support downside risk Fundamental Watch: USD volatility from Fed speakers, PMI data Eurozone risk sentiment and ECB inflation comments Correlation with DXY (which is near support) Conclusion: 📌 Rejection at 1.1382 likely leads to downside toward 1.1144 📌 Break above 1.1382 invalidates bearish setup and targets 1.1573 Wait for confirmation candle or momentum before execution.
Short
by ultreosforex
2
Woolworths Group Ltd Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Woolworths Group Ltd Stock Quote - Double Formation * (A+ Set Up)) - *14% Settings Condition | Completed Survey * Wave Feature - *ABC Entry & Retest | Subdivision 1 - Triple Formation * (Anchored VWAP)) - *Upper Band #1 | Subdivision 2 * (TP1) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 102.00 AUD * Entry At 99.00 AUD * Take Profit At 94.00 AUD * (Ranging Argument)) & No Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
PEPPERSTONE:WOW.AU
by TradePolitics
CLSK / 4hThere is no change in my NASDAQ:CLSK analysis, it's worked under the May high >>11.04 so far. Wave Analysis >> The structure of the rising expanded diagonal in Minute degree wave i (circled) is quite well over, and its correction in the same degree wave ii (circled) has begun its way down. Trend Analysis >> The Minute-degree trend has turned downward to (likely) a relatively deep retracement in wave ii (circled) over the coming few weeks. The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be likely underway. (Just its waves i, ii & iii (circled) shown on the chart.) Fib-retracement targets for the ongoing decline in wave ii (circled) >> 7.93 >> 7.24 #CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
NASDAQ:CLSK
by ElliottChart
Solana Wave Analysis – 27 May 2025 - Solana rising inside daily up channel - Likely to reach resistance level 186.10 Solana cryptocurrency recently reversed up from the support trendline of the daily up channel from the start of April (coinciding with the 20-day moving average). The upward reversal from this support trendline continues the active impulse wave 3 of the intermediate impulse wave (3) from last month. Solana cryptocurrency can be expected to rise to the next resistance level 186.10, which stopped the previous impulse wave 1 in the middle of May.
Long
by FxProGlobal
Litecoin Wave Analysis – 27 May 2025- Litecoin reversed from key support level 92.65 - Likely to rise to resistance level 100,00 Litecoin cryptocurrency recently reversed from the key support level 92.65 (which stopped the previous minor correction (2) earlier in May). The support level 92.65 was strengthened by the 50% Fibonacci correction of the previous upward impulse 5 from the start of May. Litecoin cryptocurrency can be expected to rise to the next round resistance level 100,00, which stopped the previous correction B.
Long
by FxProGlobal
GBPNZD: Price came back to strong bullish reversal point!GBPNZD reversed from a point we previously pointed out in our analysis. The price moved nicely, but it didn’t continue the bullish trend as we had initially expected. Since the price has decided to retest the bullish zone one more time, we thought it would be a great zone to swing buy GBPNZD. You can set two take-profit targets based on your own analysis and bias. This analysis is purely for educational and secondary bias purposes only and does not guarantee that the price will move as described in the chart. We really appreciate your unwavering support! ❤️🚀 If you’d like to lend a hand, here are a few ways you can contribute: - Give our ideas a like - Share your thoughts in the comments - Spread the word about our ideas Cheers, Team Setupsfx_
Long
by Setupsfx_
17