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Gold (XAU/USD) – Bullish Continuation SetupGold is moving within an ascending trendline, showing strong bullish momentum. Price is approaching a Bearish Order Block near 3,370, which may trigger a short-term pullback 📉. If price rejects from this zone and retests the trendline (around 3,355), it could offer a high-probability long setup for a continuation move toward 3,380+ 📈🚀. 🔍 Key Levels: Resistance: 3,368–3,370 (Bearish Order Block) Support: 3,355 (Trendline area) 💡 Trading Idea: Look for price action confirmation near the trendline for potential buys. Break above the order block could fuel further upside.
OANDA:XAUUSDLong
by Evelyn_Trading_Room
1
EUR/USD drops post US CPI reportAfter gaining ground last week, the US dollar initially came under slight pressure earlier today. However, it regained momentum in the aftermath of a mixed US inflation report. Despite the nuanced inflation print, market expectations around interest rate policy remained largely unchanged. Investors continue to anticipate a slower pace of rate reductions, a sentiment that could further weigh on the EUR/USD pair—provided confidence in the Federal Reserve’s monetary approach remains intact. Mixed Signals from US Inflation Data The consumer price index for June presented a mixed picture. Headline CPI increased by 0.3% month-over-month and 2.7% year-over-year, surpassing both the previous 2.4% figure and the 2.6% forecast. However, core CPI (which excludes food and energy) showed a slightly softer reading, rising by only 0.2% month-on-month—below the expected 0.3%. The annual core rate stood at 2.9%, in line with expectations. This mixed data has not allayed fears that inflation could remain sticky for longer. As a result, the Fed may hold off on aggressive rate cuts, although a possible move in September remains on the table. Adding to the dollar’s bullish case, President Trump has proposed aggressive tariffs—35% on select Canadian goods and up to 30% on imports from Mexico and the EU—if no agreements are reached by August 1. These protectionist threats, combined with his expansive fiscal agenda, could drive inflation higher and bolster the dollar if market faith in US policy stays strong. Euro Zone Data Shows Resilience, But the Euro Falters Despite some encouraging macroeconomic indicators from the Eurozone, the euro slipped. Germany’s ZEW economic sentiment index rose to 52.7, outperforming both expectations (50.8) and the previous reading (47.5). Additionally, industrial production climbed 1.7% month-on-month, beating forecasts. While these positive data points reflect a degree of resilience in the euro area, trade tensions are looming. The European Union has said it will retaliate on US products—ranging from aircraft to alcohol—should trade talks collapse or fail to yield agreements by the August 1 deadline. Technical Outlook Technically, EUR/USD breached the bullish trendline established since Q1, a development that bears are watching as the session wears on. Currently, the pair is testing a key support zone between 1.1570 and 1.1630—an area that served as resistance in both April and mid-June before the rally that followed. Should prices fall decisively below this support today or in the coming days, the technical bias could shift bearish. On the upside, resistance lies at 1.1700 and 1.1750. A break above these levels would clear the way for bulls to target a fresh 2025 high above 1.1830. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
GOLD Buy Setup – OB Zone in FocusCurrently, gold is respecting the ascending trendline and maintaining a bullish structure 🟢. Price hasn’t tapped into the 30 Min Order Block (OB) yet, but we are expecting a potential pullback into this OB zone 📍. ✅ Our Plan: We will wait patiently for price to mitigate the OB. After the tap, we will look for bullish confirmation (rejection wick, bullish engulfing, or break of minor structure) before entering a buy position 🚀. As long as the trendline holds, we remain bullish on gold. 📝 Invalidation: If price breaks and closes below the trendline and OB zone, we will stay out or re-evaluate the setup ❌. Stay disciplined and follow the plan! 💪
TVC:GOLDLong
by Erin_Gold_Vault
USDJPY 4Hour TF - July 13th, 2025USDJPY 7/13/2025 USDJPY 4Hour Neutral Idea Monthly - Bullish Weekly - Bearish Daily - Bearish 4Hour - Bullish Finally UJ is looking more clear. We’re now able to drop to the 4Hour instead of the Daily TF due to price action reaching a major zone of anticipated reactions. As always we’re looking at two trade scenarios going into the week ahead: Bullish Continuation - UJ is currently sitting at 147.500 resistance and closed there last week. Going into this week we could see the bullish trend continue but we would need to see a clear break of 147.500 resistance to gain confidence. Look for a higher low confirmed above 147.500 followed by strong bullish setups to enter long on. Look to target higher toward major resistance levels like 149.250 area. Bearish Reversal: Despite the strong bullish momentum we saw from last week, a reversal is still possible as price action is near our 147.250 zone. In order to consider bearish setups we would need to see strong rejection from the current level of resistance. Look to target lower toward 145.000 support.
by ForexLeague
AUDJPY 4Hour TF - July 13th, 2025AUDJPY 7/13/2025 AUDJPY 4hour Bullish Idea Monthly - Bullish Weekly - Bearish Dailly - Bearish 4hour - Bullish Looking good on AJ! Last week’s analysis played out perfectly and we can see going into this week we have a similar scenario. Here are the two potential trade paths for the week ahead: Bullish Continuation - This is the most likely scenario going into this week as we just broke our 96.500 resistance and are now testing it as support. If we can confirm a higher low with strong bullish conviction we can look to enter long and target higher toward major resistance levels. Bearish Reversal - For us to consider AJ bearish we would first need to see a break back below 96.500. If we can spot a clear trend change and some lower highs below 96.500 we can begin looking short. Target lower toward major support levels if this happens.
Long
by ForexLeague