Gold-----sell near 3393, target 3380-3366Gold market analysis:
Yesterday, gold was basically a repeated shock, the K line was repaired at one position, and buying and selling were back and forth around the M side of the suppression platform 3405. Yesterday, our analysis was completely in line with our expectations. Yesterday, we also repeatedly arranged 5 sell orders, arranging 3382 break sell, 3387 sell, 3393 sell, 3382 sell, 3377 sell. Today's idea is to continue selling. The daily line cannot determine the bottom of this wave of decline. There are data in European and American time today. I think we can rely on the 3405 platform to be bearish before the data. If 3405 breaks, we adjust our thinking to be bullish. Otherwise, we can sell repeatedly. Gold is oscillating in the short term. Try not to chase it and wait for it to rebound and suppress the position to sell. In addition, the daily moving average suppression position of the moving average is 3396-3363, which is also the main reason for its repeated game at this position. The weekly buying momentum is not dead yet. Be cautious of its rocket in the second half of the week.
In today's Asian session, we will first focus on the suppression of 3395. The risk of taking more is relatively large. The low point below is not stable. The Asian session fell to 3370 and rebounded quickly. From the perspective of the pattern, 3372-3366 is the support. The suppression position of the 1H hourly moving average is near 3395. Yesterday's US session rebounded at around 3396, and the hourly K suppression position was 3400. All the above are suppressed. In addition, the opening position today is also near 3393.
Pressure 3393, 3400, 3405, support 3382, 3370, and the watershed of strength and weakness in the market is 3382.
Fundamental analysis:
In the previous fundamentals, we have been paying attention to geopolitical factors. The situation in the Middle East has indeed changed the way gold and crude oil are traded. Today we focus on the monetary policy of the Federal Reserve, and there is also a speech by Chairman Powell during the US session.
Operation suggestions:
Gold-----sell near 3393, target 3380-3366
Chart Patterns
When You Are Lost Follow This 3 Step StrategyYesterday i took a long walk on
in a neighborhood.
Let me tell you what i saw..
I saw man jumping over the wall fence.
He did not look normal.
The clothes he wore represented that of a poor man.
He looked frustrated.He looked lost.
He turned to me as a leader.I got scared because
I could feel him following me.
The truth is i was lost.But
i had a landmark in my mind.
Once i see that land mark then
i know am no longer lost.
At this time i couldn't see my landmark
and so i moved in random patterns
I lost him "Thank goodness"
I said to myself with a sigh...
Later on i found a landmark and
i was no longer lost.
Learning how to trade the
markets is similar to the situation
i am just from describing to you.
Because its hard to communicate these
concepts.You need a landmark
strategy something to fall back on
As you go into this trading journey.
I studied your profile.I noticed that
you don't journal your trades.
This is not good..beyond
learning about trading strategies.
Which is very important.
The most impactful thing you
can do is journal your trades...
to journal your trades is
part of the trading strategy.So thats the goal
for this article journal your trades.
That is your landmark.
Look at silver $TVC:SILVER.It is outperforming gold.
when you see the buy signal in gold.
Then buy silver first to get a good bang for your
bucks..I learnt this strategy from
Mike Maloney richdad advisor.
As you can see on this chart.
This is following the Rocket booster strategy
to learn more about this 3 step this strategy
Check out the resource around this article
with links.
Trade safe.
Rocket boost this content to learn more.
Disclaimer:Trading is risky please use a
simulation trading account
before you trade with real money also
learn risk management and profit taking
strategies.
And do not use margin.
USDCAD SWING TRADE LONG IDEA - MASSIVE BULLISH MOVE COMING?OANDA:USDCAD USDCAD has given a massive bullish break of structure on 4 Hour time frame after tapping to a strong key level on weekly time frame that is serving as support.
Now am bullish on USDCAD for a weekly income swing trading moves.
All I need right now to enter for a long to ride the move is a pull back to key level of support like old highs or imbalance levels.
That is when I will take a bullish long trade on USDCAD.
This is my A+ Trading Setup.
What do you see on your chart?
6/18 Gold Analysis and Trading SignalsGood morning, everyone!
Gold traded within a narrow range yesterday, and the buy signal shared during the session yielded profits. From a technical perspective, the market remains in a rebound phase, with key resistance around 3403. If the price breaks and holds above this level, there’s a good chance we’ll see a move toward the 3418–3428 zone today.
During the Asian and European sessions, the trading bias should remain on the buy side, while in the U.S. session, it may be more favorable to shift toward short setups, mainly due to expectations surrounding the upcoming Fed interest rate decision—an outlook we discussed yesterday.
Key intraday ranges to watch:
Asian–European session: 3362–3413
If price reaches the 3425–3435 zone before the U.S. session, short opportunities may emerge
As always, manage your positions carefully and adapt to key levels as price unfolds.
AMD - Reject or break the down trend?Been a long time AMD bull, even though it was the Advanced Money Destroyer under $100.
My position became a bit too large as I DCA, today I took off 30% of my position.
I am in a full position currently.
It has ran up nicely and can still run more in my opinion.
I would like to see it break the trend line and confirm a weekly close above it, then retest it as support in the low $100's
GLTA
DXY OVERVIEW AND ANALYSIS - SELLOFF AT FOMC PRESS CONFERENCE 🟣DXY🟣 H4 CHART
As we witness the unfolding of a conflict in the Middle East this week I expect the commodities of OIL and GOLD to raise more after a pullback that will offer buy entries.
On my view the DXY index will pullback to the previous broken support now resistance in the 99.200 - 99.340 area and selloff to the weekly targets 97.500 and 96.800.
FOMC on Wednesday should catalyse this move and I expect the pullback to take place between the first days of the week
Analysis of the latest gold market trend on June 18:
📌 News analysis
Expectations of the Fed's rate cut continue to affect the market
The market's expectations for the Fed's rate cut in 2025 have increased, the US dollar index remains weak, and gold has gained support.
Key points of attention: This week's Fed interest rate decision and Powell's speech, if dovish signals are released (such as hinting at a rate cut in September), gold may rebound; if hawkish (postponing the rate cut), gold prices may be further under pressure.
The situation in the Middle East has escalated, and risk aversion has increased
After Israel attacked Iran's state TV station, Iran threatened "the largest retaliation in history", and the fire on the tanker in the Strait of Hormuz has exacerbated geopolitical risks.
Potential impact: If the conflict expands (such as Iran blocking the Strait or directly counterattacking), gold may rise rapidly; if the situation eases (negotiation signals), safe-haven buying may weaken.
US economic data and market sentiment
If recent US economic data (such as retail sales and unemployment rate) are weak, it may strengthen expectations of rate cuts and benefit gold; if the data is strong, it may suppress gold prices.
📊 Technical Analysis
🔹 Daily level: Bearish, but key support needs to be paid attention to
Trend review: Gold price fell after a high rise at the beginning of the week, falling below the 3400 mark and closing with a large negative line, indicating that bears are dominant.
Key signals:
The 5-day moving average turned downward, suppressing the rebound of gold prices in the short term.
The Bollinger Bands closed, indicating that the market has entered a shock consolidation phase. If it falls below 3350, it may accelerate downward to 3300.
Support level: 3360-3350 (if it stabilizes, it may rebound); resistance level: 3400-3410 (if it breaks through, it may test 3450).
🔹 4-hour level: Bearish, but there may be a rebound correction in the short term
Short-term moving average suppression (5-day and 20-day moving averages are glued at 3404-3409) constitutes strong resistance.
MACD crosses, but Stoch is oversold, and may correct and rebound in the short term, but if it fails to break through 3400, it may continue to fall.
Key support: 3360-3350 (if it falls below, it may drop to 3330-3300).
🔹 1-hour level: Weak shock, pay attention to the rebound strength
MACD crosses and shrinks, Stoch moves downward, and it is still weak in the short term.
Upper pressure: 3412 (MA60+MA30), if it fails to break through, it may continue to fall.
🎯 Today's operation strategy
📉 Short-term trading ideas: short-selling on rebounds is the main method, and long-selling on pullbacks is the auxiliary method
✅ Short-selling opportunities (selling at highs):
Entry area: 3395-3405 (if the rebound is blocked)
Target: 3360-3350
Stop loss: above 3410
✅ Long opportunities (buy low):
Entry area: 3360-3350 (if it stabilizes and rebounds)
Target: 3380-3400
Stop loss: below 3345
⚠️ Key risk warnings:
Market volatility may intensify before the Fed's decision. It is recommended to operate with a light position and strictly stop loss.
If the situation in the Middle East deteriorates, it may trigger a rapid rise in gold. Pay attention to real-time news.
📌 Summary: Gold is short-term dominant, but the key support (3360-3350) still has the possibility of a rebound. In terms of trading, it is recommended to take high-short as the main idea and low-long as the auxiliary idea, focusing on the Federal Reserve’s decisions and geopolitical trends.
BCH ANALYSIS🔆#BCH Analysis : Channel Following ⛔️⛔️
As we can see that #BCH is following ascending channel on daily time frame. Also there is an instant resistance area. We can see a bullish formation here. And if it trade with good volume then we can see a proper bullish move in #BCH
🔖 Current Price: $463
⏳ Target Price: $598
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#BCH #Cryptocurrency #ChartPattern #DYOR
Is the Bitcoin Cash Hype Over? BCH/BTC Ratio Flashes WarningThe Great Divergence: Why the Bitcoin Cash-Bitcoin Ratio Breakdown Signals More Than Just a Price Drop
In the unforgiving arena of the cryptocurrency markets, every chart tells a story. Some whisper of quiet accumulation, others scream of speculative frenzy. But few charts tell a story as profound and historically charged as the Bitcoin Cash to Bitcoin (BCH/BTC) ratio. For years, this ratio has been the ultimate barometer of a digital civil war, a measure of the hopes and failures of a project born from a contentious schism. Recently, that barometer has given its clearest signal in months: a decisive and powerful breakdown from a multi-month triangle pattern.
This technical event is far more than a simple squiggle on a screen for traders. It represents the potential end of a speculative, hype-driven rally and the forceful reassertion of a brutal, long-term trend. It signals that the fundamental chasm between Bitcoin, the undisputed king of digital assets, and Bitcoin Cash, its most famous and ambitious offshoot, may be widening once again. The breakdown suggests that the brief period of optimism for Bitcoin Cash, fueled by its own halving event and a broader market updraft, may be conclusively over. To understand the gravity of this moment, one must dissect not only the technical pattern itself but also the deep-seated historical and fundamental weaknesses that made this breakdown almost inevitable.
The Anatomy of a Technical Collapse: Smashing the Triangle
For much of 2024, the BCH/BTC ratio was trapped in a state of compression. On the chart, this appeared as a classic symmetrical triangle pattern. This pattern is defined by a series of lower highs and higher lows, creating two converging trendlines that form the shape of a triangle. In market terms, it represents a period of intense equilibrium and indecision. Buyers and sellers are locked in a fierce battle, with neither side able to gain a definitive edge. The price coils tighter and tighter, like a compressed spring, building up energy for an explosive move. The only question is which direction it will break.
In the case of the BCH/BTC ratio, that question has been answered with a resounding crash. The price has decisively broken below the lower trendline of the triangle. This is known as a "breakdown," and it is a powerfully bearish signal. It signifies that the sellers have overwhelmed the buyers, the equilibrium has been shattered, and the path of least resistance is now firmly downwards.
Traders often measure the potential target of such a breakdown by taking the height of the triangle at its widest point and projecting that distance downwards from the point of the breakdown. Given the scale of this particular pattern, this technical measurement points to a significant further decline in the ratio, potentially revisiting and even surpassing its all-time lows. This isn't just a minor dip; it's a structural failure on the chart that suggests a new, sustained leg down in Bitcoin Cash's performance relative to Bitcoin. The "hype rally" that saw the ratio climb in the lead-up to the Bitcoin Cash halving has been effectively erased, and the market is signaling that the fundamental gravity of the long-term downtrend is taking hold once more.
A Ghost in the Machine: The Lingering Shadow of the 2017 Fork
This technical breakdown did not occur in a vacuum. It is a single chapter in a long and bitter saga that began in 2017. To grasp its significance, we must revisit the great "Block Size War" that tore the Bitcoin community apart. At its heart was a philosophical disagreement about how to scale Bitcoin to accommodate more users.
One camp, which included many of the earliest adopters and evangelists, argued for a simple solution: increase the block size. By allowing more transactions to fit into each block, the network could process more volume and keep fees low, preserving what they saw as Bitcoin's original vision of a "peer-to-peer electronic cash system."
The other camp, which ultimately retained control of the Bitcoin protocol, argued for a more cautious approach. They feared that large blocks would lead to centralization, making it too expensive for ordinary users to run a full node and validate the blockchain. Their solution was to keep the base layer small and secure, and to build scaling solutions on top of it, such as the Lightning Network.
This ideological impasse led to a "hard fork" in August 2017, creating Bitcoin Cash. For a brief, euphoric period, BCH was seen as a legitimate contender. Fueled by a powerful narrative and influential backers, its price soared, and the BCH/BTC ratio hit an all-time high of over 0.5 in late 2017, sparking serious talk of a "flippening"—the moment BCH would overtake BTC in market capitalization.
That moment never came. Since that peak, the BCH/BTC ratio has been locked in a devastating, multi-year downtrend. The recent triangle pattern was merely a pause, a brief consolidation within this much larger waterfall decline. The breakdown from the triangle is therefore not a new event, but a continuation of a historical trend. It is the market's brutal verdict on the outcome of that civil war.
The Fundamental Chasm: Why Bitcoin Cash Keeps Losing Ground
A chart pattern is ultimately a reflection of underlying fundamentals. The relentless decline of the BCH/BTC ratio is a direct consequence of the widening gap between the two networks across every meaningful metric.
1. Narrative and Brand Identity: Bitcoin has successfully cultivated a simple, powerful, and globally understood narrative: it is digital gold. It is a store of value, a hedge against inflation, and a pristine, unconfiscatable asset. This narrative has attracted institutions, nation-states, and trillions of dollars in potential capital. Bitcoin Cash, meanwhile, has struggled to define itself. Its narrative as "peer-to-peer electronic cash" is less compelling in a world with countless low-fee payment options, including stablecoins and Bitcoin's own Lightning Network. Without a clear and unique value proposition, it has failed to capture the market's imagination.
2. Security and Hash Rate: The most critical measure of a proof-of-work blockchain's health is its hash rate—the total computational power dedicated to securing the network. Here, the difference is staggering. Bitcoin's hash rate is orders of magnitude higher than Bitcoin Cash's. This makes Bitcoin exponentially more secure and resistant to a 51% attack, where a malicious actor could gain control of the network. Bitcoin Cash, with its comparatively minuscule hash rate, remains theoretically vulnerable, a fundamental flaw that deters serious institutional capital.
3. Developer Activity and Innovation: The heart of any technology is its developer community. The most innovative and exciting developments in the Bitcoin ecosystem are happening on the main chain. The activation of Taproot, the explosion of Ordinals and Inscriptions, and the continued growth of the Lightning Network all demonstrate a vibrant and evolving protocol. In contrast, the developer ecosystem for Bitcoin Cash has been far less dynamic. While it has its dedicated builders, it has not produced the kind of groundbreaking innovation needed to attract new users and capital.
3. Adoption and Network Effects: Bitcoin's network effect is its ultimate moat. It has spot ETFs trading on major stock exchanges, granting it unparalleled access to traditional finance. It is held on the balance sheets of public companies and is recognized as legal tender in some countries. Bitcoin Cash has none of these things. Merchant adoption has stalled, and institutional interest is virtually non-existent. In the world of networks, winners tend to take all, and Bitcoin's lead has become seemingly insurmountable.
The Aftermath: What Comes Next for the BCH/BTC Ratio?
With the triangle pattern now shattered, the path forward for the BCH/BTC ratio looks precarious. The most likely scenario is a continuation of the bearish trend that has been in place for over six years. The breakdown has released the coiled energy to the downside, and the ratio will likely seek out lower levels of support, potentially bleeding towards its all-time lows. For investors, this serves as a stark reminder of the risks of holding assets that are fundamentally and technically weaker than the market leader.
Is there any hope for a reversal? A bull case for Bitcoin Cash would require a monumental shift. It would need to carve out a sustainable niche that Bitcoin cannot serve, perhaps in ultra-low-fee microtransactions. It would require a renaissance in developer activity, producing a "killer app" that draws in millions of users. More likely, any significant bounce in the BCH/BTC ratio would probably be a result of a massive, indiscriminate altcoin rally that lifts all boats, rather than a specific vote of confidence in Bitcoin Cash itself. Even then, history suggests such bounces are temporary and ultimately present better opportunities to sell than to buy for the long term.
Conclusion: The Market Has Spoken
The breakdown of the BCH/BTC ratio from its multi-month triangle is a technically significant event with profound fundamental implications. It is the market's latest verdict in the long-running war for the "real Bitcoin" title. The verdict is clear: the hype is over. The dream of a "flippening" is a distant memory, a ghost from 2017.
The story of the BCH/BTC chart is a powerful lesson in market dynamics. It shows that in the brutal competition of open-source protocols, a superior narrative, impenetrable security, and a powerful network effect are the ultimate weapons. Bitcoin Cash began its life as a legitimate contender with a compelling vision. But over time, it has been outmaneuvered, out-developed, and out-adopted. The chart does not lie. It simply reflects this divergent reality, and its latest signal suggests that the great divergence between Bitcoin and its most famous offspring is set to continue.
XLK Breaks All-Time High – Will It Stick the Landing or Soar?AMEX:XLK just broke into new all-time high (ATH) territory — barely — but the move is worth watching.
The breakout came on the heels of a strong bullish candle in the first week of June, followed by a doji last week, and now we're seeing fresh bullish momentum early this week with a gap-up.
➜ The big question:
Will XLK continue to hover just above the ATH, or finally break through with conviction?
This move could set the tone for tech stocks this summer, especially if we see confirmation like we did with NASDAQ:MSFT — which broke its ATH on June 6 and hasn’t looked back.
➜ Watching for:
➲ Continuation above ATH
➲ Potential summer trend leadership
➲ Confirmation from big names in the sector
#XLK #techstocks #SPDR #technicalanalysis #breakout
PAAS – High Tight Flag with Silver TailwindsPan American Silver ( NYSE:PAAS ) is forming a high tight flag — one of the most explosive continuation patterns — just as silver starts heating up.
🔹 High Tight Flag Formation
NYSE:PAAS ripped with momentum and is now consolidating in a tight, bullish range.
This is exactly what you want to see — shallow pullback, tight candles, and holding near highs.
🔹 Sector Momentum: Silver Heating Up
AMEX:SLV and /SI are pushing toward multi-year breakout levels.
NYSE:PAAS is riding that same energy, and any continuation in silver could ignite this setup.
My Trade Plan:
1️⃣ Starter Position: Looking to enter on strength through the top of the flag.
2️⃣ Add on Confirmation: Add size on volume surge and breakout follow-through.
3️⃣ Stop Loss: Below flag base — keeping it tight and defined.
Why I Love This Setup:
High tight flags are low-risk, high-reward when paired with macro momentum.
Silver is gaining strength — NYSE:PAAS could lead the miner group if this breaks clean.
Strong structure, clean risk, macro fuel = great setup.
GBPUSD - Shot Sell Story : Market has broken the strong support level of 1.35141 with good bearish momentum candle. This is a good sign of trend continuation. we plan our entry simply at the 0.382 level of fib once the market retraces which is 1.35279.
Anticipate : we anticipate market to remain bearish as it has broken the support level
Plan : we place our stoploss before the last LH and TP1 and TP2 with risk and reward of 1:1 and 1:2 accordingly.
XRPUSD is moving within the 2.1215 - 2.3370 range👀 Possible scenario:
XRP is consolidating between $2.05 and $2.40, forming a bullish pennant on the weekly chart — similar to the 2017 setup before a 1300% rally. Analyst Mikybull Crypto predicts a 530% surge to $14 if resistance breaks. For continued upside, XRP must break above the 200-day SMA ($2.37) and hold above $2.65. RSI has climbed from 29 to 52, signaling recovery. A breakout above $2.65 could lead to $3.00 or even the 7-year high of $3.31. Failure to break $2.37 may send price back to $2.05.
Network activity is surging: XRPL is averaging 295K daily active addresses — 7x the 3-month average. Whale wallets (holding 1M+ XRP) hit a record 2,708, signaling growing institutional interest. Trident Digital plans a $500M XRP treasury, Circle launched USDC on XRPL, and Guggenheim is issuing digital commercial paper on the network. A spot XRP ETF approval could drive price to $25. Trading volume jumped 245%, open interest rose to $4.02B, and derivatives volume hit $9.8B. Price hovers around $2.22 as the market reacts to on-chain momentum.
✅Support and Resistance Levels
Support level is now located at 2.1215
Now, the resistance level is located at 2.3370.