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Gold prices converge, 3300-3330 range breaks?Gold prices converge, 3300-3330 range breaks? The following current events may become catalysts for gold price changes: Trump announced on social media that August 1 is the deadline for "reciprocal tariffs" and mentioned that he plans to impose a 200% tariff on medicines and a 50% additional tax on copper. The market quickly digested the expectation of escalating trade conflicts. The market expects that Trump may threaten to increase tariffs to force other countries to make concessions, but may eventually extend the deadline. If the breakdown of negotiations triggers risk aversion, gold prices may hit $3,400; if a small agreement is reached, gold prices may fall back to $3,300. Focus: July 11 US CPI data: will verify inflation stickiness and affect the direction of real interest rates. If CPI is lower than 2.8%, it may strengthen expectations of interest rate cuts and boost gold prices; if it is higher than 3.0%, it may suppress gold performance. Fed policy signal: The minutes of the June FOMC meeting released on July 11 may provide more details about the internal differences in the interest rate decision. In addition, Powell's recent statement shows that he is cautious about interest rate cuts. If this position continues, gold prices may temporarily fall into a volatile pattern. Optimistic scenario (probability 30%): The United States and Japan reach a small agreement, and the price of gold falls back to $3,300; Pessimistic scenario (probability 50%): The breakdown of negotiations triggers risk aversion, and the price of gold hits $3,400; Extreme scenario (probability 20%): Trump restarts tariffs on China, triggering the price of gold to hit the previous high of $3,450. Technical analysis: As shown in the figure: 4-hour cycle Gold prices converge, range oscillation: 3,300-3,330 This range will determine the direction of the next trend of gold prices. As the oscillation space becomes narrower and narrower, it is expected that a new round of market will break out today or at the latest this Friday. The author believes that if the bullish tone of the macro trend remains unchanged, the price of gold may still break upward. There is a high probability that the high of $3,400 will be hit again this week. Of course, we must respect all possible scenarios. Intraday trading strategy: Long strategy: Buy: 3310-3315 Stop loss: 3295 Target: 3330-3350-3400 Short strategy: Sell: 3325-3330 Stop loss: 3335 Target: 3315-3310-3300-3285-3250 The market is currently volatile, but the focus of gold price trading is on trends rather than prices. When emotions strike, the direction of making money is the key.
OANDA:XAUUSD
by louisa111222
AUDJPY Bullish Channel Still Intact, Eyeing Breakout Above 95.00AUDJPY continues to respect its ascending channel, with the current bounce occurring right at the 61.8% Fibonacci retracement and lower trendline support. The structure supports further upside as long as price holds above the 94.00–93.80 zone, with targets set toward 94.77 and 95.36, potentially extending to 95.63 highs. 🧠 Fundamentals: AUD Strength Drivers: RBA remains relatively hawkish vs other G10 banks. Australia's data this week (retail sales, NAB confidence) were mixed, but no rate cut pricing in the near term supports AUD. Iron ore demand showing resilience despite Chinese slowdown concerns. JPY Weakness Drivers: BoJ remains ultra-dovish. No action expected in July. Japan’s inflation remains tame; the yield gap with other majors keeps widening. Risk-on sentiment reduces demand for safe-havens like JPY. 🔍 Technical Structure: Strong upward channel since early June remains valid. Current pullback held the 61.8% Fib retracement of the June-July leg. Bullish engulfing near support confirms entry. Immediate resistance at 94.77 → 95.36 → potential breakout to 95.63. Invalid if price closes below 93.80 (channel break). ⚠️ Risk Factors: Risk-off shift (e.g., geopolitical escalation or U.S. CPI surprise) may boost JPY. China growth fears can weigh on AUD. A sudden dovish shift from the RBA would invalidate bullish fundamentals. 🔁 Leader/Lagger Dynamics: AUDJPY typically leads other yen crosses (e.g., NZDJPY, CADJPY) during risk-on moves. It’s also a barometer for broader risk sentiment, often following moves in equity indices like US500 or commodity-linked assets. ✅ Trade Bias: Bullish TP1: 94.77 TP2: 95.36 TP3 (aggressive): 95.63 SL: Below 93.80 Event to Watch: China data this week + U.S. CPI (Jul 11) 📌 Watch for a strong bullish daily candle above 94.77 for continuation confirmation. Stay nimble around key global risk events.
Long
by ultreosforex
1
DXY Holds Above Channel Support: Next Leg Higher?Hey Traders, The U.S. Dollar Index (DXY) is consolidating just above a strong support cluster around 97.325, aligned with ascending channel structure and historical demand. Price action is suggesting a potential bullish continuation if this support zone holds firm. Current Market Conditions: * DXY is trading within a well-defined ascending channel, maintaining higher highs and higher lows. * Price is currently hovering above the 97.325 key support area and mid-channel dynamic trendline. * Recent candles show rejection from the lower boundary of the bullish channel, indicating buyers may be stepping in again. * Structure remains bullish unless price closes decisively below 97.325. Fundamental Analysis/Outlook: The dollar remains buoyed by persistent inflation pressures and Fed Chair Powell’s continued hawkish tone. Markets are pricing in fewer rate cuts in the near term, reinforcing USD strength. Today’s USD resilience is also supported by mild risk-off sentiment ahead of U.S. CPI data and Powell’s congressional testimony, which could further move the greenback. Targets: * TP1: 97.756 * TP2: 98.085 * TP3: 98.373 Risk Management: * Stop-loss: Below 97.325 to invalidate bullish structure. * Risk-to-Reward (R\:R): Minimum 1:2 setup. Consider adjusting position size based on support behaviour and macro event volatility. Technical Outlook: * Price needs to hold above 97.421–97.325 zone to maintain bullish bias. * Watch for bullish engulfing or momentum candles as confirmation for long setups. * A break above 97.630 could accelerate the rally toward higher resistance at 98.373. Conclusion: DXY is at a decision point. If bulls maintain control above 97.325, the index could push higher toward the 98.00+ zone. Keep an eye on U.S. economic data and Fed commentary for directional confirmation. Sign-off: “In markets, clarity often lies just beyond the fear. Trade the levels, not the noise.” 💬 Let me know your thoughts in the comments, and don’t forget to boost and follow for more insights. Trade safe!
TVC:DXYLong
by SignalSage_Ben
SUI - Channel Structure SUI just printed a powerful +12.95% daily move, bouncing cleanly from the mid-range of its long-term ascending channel. This structure has been respected since mid-2023, guiding both impulse legs and corrective phases with precision. Now trading around $3.47, the next logical magnet is the channel top near $5, especially if momentum persists and market sentiment remains risk-on. Technical Structure: Bullish trend within a well-defined ascending channel Clean reaction from dynamic support (midline) Clear higher low + breakout structure in play Upside Target: $5 (channel resistance) As long as SUI holds above the rising midline (~$2.80 area), this setup remains valid for trend continuation toward the upper range. 📌 Risk Management: Break below the midline flips the bias short-term. Until then, trend = friend.
Long
by Katri01
The latest gold analysis and strategy on July 10: Core logic of the market Risk aversion supports gold prices: Trump postponed tariffs but threatened to increase them in the future. Market concerns about trade frictions remain, and gold is still supported as a safe-haven asset. Impact of the US dollar trend: If trade tensions escalate, the US dollar may be under pressure, which is further beneficial to gold. Technical side is bullish and volatile: The daily line closed positive and stabilized the lower Bollinger track. The H4 cycle rebounded with consecutive positives, but it has not yet broken through the key resistance of 3345. Be wary of repeated fluctuations. Key point analysis Support level: 3310-3300 (short-term), 3285 (strong support) Resistance level: 3340-3345 (Daily Bollinger middle track), 3365 (target after breakthrough) Key day of change: The rebound may continue on Thursday. If it breaks through 3345, it may further attack 3365-3400 on Friday. Trading strategy 1. Low-to-long (main strategy) Entry point: 3310-3315 (retracement support area) Stop loss: 3305 (prevent false breakthrough) Target: 3325 (short-term), 3335-3345 (key resistance area) Logic: H4 cycle continuous positive shows bullish momentum, and it is expected to continue to rebound after retracement support. 2. High-level short-selling auxiliary trading strategy (if key resistance is touched) Entry point: 3340-3345 (first test resistance area) Stop loss: 3350 (prevent breakout and upward movement) Target: 3325-3320 (short-term correction) Logic: 3345 is a strong pressure from the middle track of the daily Bollinger. You can short before breaking through, but you need to enter and exit quickly. Key observation points 3345 breakthrough situation: If it stands firmly at 3345, you can go long with a light position after the correction (target 3365, 3400). If it falls under pressure, it may return to the 3310-3340 oscillation range. 3300 defense situation: If it falls below 3300, it may fall back to 3285, and we need to be alert to short-term weakness. Summary Main idea: Low-long (3310-3315) as the main, target 3345, and look at 3365+ after breaking through. Auxiliary strategy: 3340-3345 short, fast in and fast out. Risk control: Strictly stop loss, avoid chasing up and selling down, and pay attention to the changes in the momentum of the US market.
FOREXCOM:XAUUSD
by FX_Sophia
Apple in 2025: Why the Bulls Are Losing SteamApple’s stock has clearly lost its bullish momentum this year, and the chart you shared sums it up perfectly. Let’s break down what’s happening and why investors are shifting focus to companies like Nvidia and Microsoft. Chart Says : Weak Rebounds (green), Bearish Pressure (blue channels are now more agresive) Downtrend Channels: The chart shows Apple forming lower highs and lower lows, bouncing inside downward channels (not real channels, but are very ilustrative of how the price is moving trendy or not in each direction). Each recovery (green) is weaker than the last, and the most recent upward move is still capped by resistance. Bearish Patterns : The price action is dominated by failed breakouts and new descending channels, signaling that sellers are in control. Volume & Participation: There’s no strong buying volume to support a real reversal. This makes any rally fragile and prone to quick pullbacks. Why Is the Market Doubting Apple? Slowing Growth : Apple’s revenue growth has stalled, especially in China, where sales dropped 13% year-over-year. The latest iPhone launch was underwhelming, and services aren't growing fast enough to offset weak hardware sales. Falling Behind in AI: While Nvidia and Microsoft are leading the AI revolution, Apple is seen as late to the party. Their recent AI announcements disappointed investors looking for bold innovation. External Pressures: New tariffs and global tensions are hitting Apple harder than its peers, since more than 60% of its sales are international. Analyst Downgrades: Several analysts have lowered their price targets and ratings, reflecting concerns about Apple’s future growth. We've recently seen someanalyst showing prices under $200. Key Takeaway Apple is struggling to regain its former strength. The chart shows persistent bearishness, and the fundamentals back it up: slow growth, weak innovation, and external risks. Meanwhile, Nvidia and Microsoft are capturing investor attention with explosive growth and leadership in AI. Until Apple delivers a real catalyst, the path of least resistance remains down or sideways, not up. Do you think apple can surprise with some new AI innovation unexpected for all of us?
NASDAQ:AAPLShort
by TopChartPatterns
Aussie: Still Growing! CAPITALCOM:AUDUSD The bullish momentum continues after our last successful AUDUSD setup, and a move toward the 0.65900 resistance area looks probable now. 🪙 My Trading Plan: 🔼 BUY Stop: 0.65648 ❌ Stop Loss: 0.65320 ✅ Take Profit: 0.65965 💡 Why am I buying here? ✅ Price broke recent resistance at 0.65500, activating buy trades. ✅ RSI confirm ongoing bullish momentum 📊. 📰 Fundamental Situation: 🏦 RBA Rate Decision Supports AUD The Reserve Bank of Australia (RBA) surprised markets by holding rates steady at 3.85% 🏛️, diverging from expectations of a cut. This cautious stance reflects the RBA’s preference to wait for clearer signs of slowing inflation 📉 before adjusting policy further. Governor Michele Bullock emphasized that inflation risks remain persistent ⚠️, driven by high labor costs and weak productivity, possibly requiring a longer period of restrictive policy ⏳. Deputy Governor Andrew Hauser noted the bank is closely monitoring global risks 🌐, especially US tariff developments, underscoring sensitivity to global headwinds that could impact trade and growth 📦. 🌎 Trade Tensions in Focus: President Trump ruled out extending tariff deadlines beyond August 1 ⛔, announcing new duties: 🔹 50% on copper 🪙 🔹 Potential 200% on pharmaceuticals 💊 🔹 10% on goods from BRICS 🌐 These moves are likely to intensify global trade tensions ⚔️, potentially impacting commodity flows and inflation, which the RBA and markets will continue to monitor closely.
Long
by ProfessorSingapore
Bitcoin turns bullish again | Price target = $140k++After 2 months of consolidating within a descending channel, Bitcoin has finally broken out, confirming a major technical breakout and shifting the structure back to bullish. The breakout was followed by a clean retest of the channel resistance turned support, which is now acting as a launchpad for the next leg up. 🧠 Technical Analysis: Descending Channel Breakout: Price has convincingly broken out of the downward sloping channel, invalidating the bearish structure and flipping it bullish. Retest Confirmation: The price is currently retesting the upper boundary of the channel — a textbook bullish retest. This confirms buyer strength and shakes out weak hands. Liquidity Magnet Above 111k: A significant cluster of buyside liquidity sits above 111k. Once that level is breached, expect an explosive acceleration toward 120k. Measured Move Target: Based on the height of the prior impulse (from April to May), the projected extension points to ~140k. 🌍 Macro & Sentiment Drivers: ETF Flows & Institutional Demand: U.S. Bitcoin Spot ETFs continue to show consistent inflows, signaling strong institutional accumulation — a major shift in long-term demand. Fed Pivot Speculation: Expectations for a Fed rate cut later in 2025 are building. Lower interest rates could fuel risk-on sentiment, pushing capital back into crypto. Big Beautiful Bill: This bill is expected to inject money into the economy, increasing liquidity — ultimately going into crypto. This bill will be signed into law today. Bullish crypto developments: Settlement of the XRP SEC case, spot crypto ETFs, mainstream crypto adoptions, etc. will all contribute to the bullish sentiment. 🧩 Final Thoughts: This setup combines strong technical structure, favorable macro tailwinds, and clear liquidity targets. The coming days are critical — if Bitcoin clears 111k cleanly, it could trigger a short squeeze and FOMO-driven rally straight into 120k.
Long
by gunhy
EURCAD - Long Bias explanation and Entry/SL/TP ideasThe main reasons this seems like a very good opportunity to me are : Trend : EURCAD is in a strong uptrend at the moment Retail : Majority have a BEARISH sentiment on this pair Institutions : More holdings in EUR than CAD Structures : Equal highs up above that MAY act as a magnet Price action : Recent breakout of a consolidation and resistance shelf Targets : levels at round numbers Stops : Many options to place stops below Entries : Many options in terms of entry aswell This is primarily for me as a reference in the future. For educational purposes only
Long
by Gamblers-Fallacy
$WIFWhen your projections are respected, you feel nothing but joy. Everyone’s joy as a trader is to spot this good moments and enjoy the ride as much as you can. A successful trader is one who feasts on his spotted opportunity and milk as much as he can. This trade presented 3 smooth opportunities so far and we will wait patiently to see what happens next. It could repeat same pattern or breakout. If a breakout occurs, more feasting. If it breaks downward, the sweeter. #DYOR #NFA
by MegaTradergain
GRIFFAIN Chart Signals Bullish Rally$GRIFFAIN is forming a bullish ascending triangle pattern on the daily chart, signaling a potential breakout. Price is consolidating just below key resistance at $0.048, supported by a strong ascending trendline and a historical support zone. A breakout above the triangle could trigger a sharp move toward the $0.15 level, offering a potential upside of over 100%-200%. The setup suggests growing bullish momentum and a possible trend reversal. BITGET:GRIFFAINUSDT
Long
by HexaTrades
XAUUSD – Gold Surges on Safe-Haven Flows and Strategic BuyingXAUUSD is rebounding from the bottom of a descending channel, showing signs of breaking through the short-term resistance around $3,332.700. If price holds above this level, the bullish momentum could extend toward $3,350 and beyond. On the news front, President Trump's announcement of new import tariffs on multiple countries has triggered safe-haven inflows into gold. Meanwhile, consistent buying from central banks and the ongoing trend of global de-dollarization continue to provide solid support. Unless a major negative shock occurs, gold is likely to maintain its upward momentum in the short term.
OANDA:XAUUSDLong
by Rocky_trade_
Dogecoin Will Shock Investors With Its Next Move!Today I’m doing an in-depth analysis of Dogecoin and its market cycle in comparison to the early Bitcoin cycles. As you can see, the same human psychology and emotions are playing out in the Dogecoin market that we previously saw with Bitcoin. With mass adoption coming to the cryptocurrency markets, it’s very possible we’ll see a parabolic run on Dogecoin similar to what we saw with Bitcoin in 2016 and 2017. This could lead us to a new all-time high. Because markets are fractal in nature, we see similar patterns appearing over and over again. If you can learn to understand and identify these cycles and patterns, you can position yourself for maximum profit. I see Dogecoin running very bullish through the rest of 2025, and it could also continue into 2026 as mass adoption drives increasing demand for cryptocurrencies. In fact, we could see the entire crypto market run all the way into 2029, as the stock market is also primed for a large parabolic move in its own cycle. Stocks and crypto are heavily correlated since both are tied to the global economy. Contrary to popular belief, the world economy may actually be set up for a massive run in value—almost like a “Roaring 20s 2.0.” This means buying Dogecoin today could be like buying Bitcoin in early 2016—the opportunity for profit is enormous. As always, stay profitable. - Dalin Anderson
Long
by High_Altitude_Investing
SAND – Rotation in PlaySAND is showing early signs of strength off the long-term demand zone near $0.23–0.24, where it's been accumulating for several months. Price just printed a strong weekly bounce, up +16%, reclaiming the bottom of the range. This area has acted as a key base since mid-2023 — with each touch producing a notable reaction. Now trading at $0.286, SAND is attempting to rotate toward the top of the established range. Key Levels Support (Range Low): $0.23–0.24 (strong demand zone) Resistance (Mid-Range): $0.43 Range High: $0.85 A clean flip of the mid-range ($0.43) could open the door to test $0.70+. 📌 Risk management: A break and weekly close below $0.23 invalidates this setup. As long as it holds, the upside potential is attractive from a risk/reward standpoint. This is a classic accumulation > reclaim > expansion structure. Let the chart speak if the range holds, the rotation is in play.
Long
by Katri01