XAUUSD: Break or Bounce at ResistanceGold has reached a critical technical zone near a long-term descending trendline and horizontal resistance around $3360–3380. Price action suggests a make-or-break moment is unfolding.
Key Technical Structure:
Descending Trendline Resistance from the April high capped the rally.
Current move has formed a rising wedge — typically bearish if broken.
Price is testing resistance confluence — a rejection could send Gold lower.
Scenarios to Watch:
🔹 Bullish Breakout:
Clean breakout and close above $3380 confirms trendline invalidation.
Upside projection points to $3500 — previous high and psychological level.
🔹 Bearish Rejection:
Failure to break the trendline + wedge breakdown can drag price to:
$3280 (38.2% Fib)
$3160–3200 zone (61.8% Fib + demand area)
Macro Factors to Watch:
Tariff escalation between US–EU could trigger risk-off → bullish for Gold.
FOMC policy pause, weak job data, or inflation rebound also support upside.
Stronger USD or yield spike may trigger wedge breakdown → bearish.
Conclusion:
XAUUSD is at a key inflection point. Wait for confirmation: either a clean breakout or a clear reversal rejection. Trade the resolution, not the anticipation.
Forexmentor
DXY Short-Term Reversal Zone in SightUS Dollar Index (DXY) is approaching a strong support zone at 98.90–98.00, which has historically acted as a base for bullish reversals. The price is now testing the lower bound of this zone after a steady downtrend from the 101.94 high.
Key Technical Structure:
Support Zone: 98.90–98.00 (tested 3+ times)
Double Bottom Potential forming if bulls hold the zone
Upside Targets:
101.94: Key horizontal resistance
103.50: Swing high from early April
Scenarios to Watch:
🔹 Bullish Rebound:
Price bounces off 98.90–98.00 support
Confirmation: Break and close above 100.50 near-term resistance
Could fuel move back to 101.94, possibly 103.50
🔹 Bearish Breakdown:
Daily close below 98.00 would invalidate bullish setup
Opens downside to 97.00 and even 95.50
Macro Drivers to Watch:
FOMC speakers and interest rate guidance
US jobless claims or inflation surprise
Risk-off sentiment (benefits USD) vs. continued global risk appetite
Conclusion:
DXY is trading at a make-or-break support zone. Watch for clear bullish reaction or bearish breakdown before committing. The setup favors a bounce unless 98.00 fails.
GBPCHF Breaks Rising Wedge – Reversal Targets 1.0940 and 1.0815GBPCHF has broken down from a rising wedge formation on the 4H chart, signaling a shift from bullish momentum to bearish control. The pattern break comes near the 50% retracement level, with price now trading below ascending trendline support. With fundamental headwinds weighing on the British pound and safe-haven demand supporting the Swiss franc, the setup favors a short bias targeting the 1.0940 and 1.0815 zones.
🔍 Technical Analysis
Pattern: Rising wedge → broken to the downside
Breakout Confirmation: Price has closed below the wedge support (trendline)
Key Support Levels:
1.0940 → 38.2% fib + previous structure support
1.0815 → 23.6% fib retracement + horizontal support zone
1.0608 → Full wedge base (longer-term target)
Resistance / Invalidation:
1.1150 – a close back above this level invalidates the breakdown
Candle Behavior:
Bearish structure forming with lower highs
Clean engulfing candle closed below wedge
📉 Bias: Bearish (confirmed technical reversal)
🌍 Fundamental Context
🇬🇧 British Pound (GBP)
UK CPI expected to rise (3.3% forecast), which may limit BoE cuts, but not bullish enough to support GBP
Political uncertainty resurfaces (Labour slipping in polls)
BoE speakers are split; no clear support from policy
🇨🇭 Swiss Franc (CHF)
Safe-haven flows rising on:
Global growth slowdown
Tensions between U.S.–Iran
Downgrade of U.S. debt → risk aversion favors CHF
SNB remains cautious, but CHF gains defensive strength in risk-off conditions
🎯 Trade Setup
Bias: Sell
Entry Zone: 1.1080–1.1100 (breakout confirmation)
Targets:
TP1: 1.0940
TP2: 1.0815
TP3: 1.0608 (extension target)
Stop Loss: Above 1.1150
⚠️ Risk Factors
CPI surprise tomorrow could cause GBP spikes — be cautious around the release
If equities rally hard or CHF weakens globally, price could retest the wedge structure before falling
BoE hawkish surprise could challenge short-term bearish bias
🧭 Conclusion
GBP/CHF has broken out of a rising wedge — a classic bearish reversal signal. The technical break aligns with macro weakness in GBP and CHF strength in a risk-off environment. Short trades remain valid below 1.1150, targeting a drop to 1.0940 and 1.0815 in the coming sessions.
Market next move
1. Bearish Rejection from Resistance
Disruption: The price has struggled to break above the 3,240–3,250 area multiple times. This could indicate strong resistance.
Implication: If the price fails again, we may see a rejection and a move down towards the 3,180–3,160 support range instead of a bullish breakout.
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2. Volume Analysis Caution
Disruption: The volume during recent upward moves is not significantly higher than the downswings.
Implication: Weak buying volume might not support a strong breakout, suggesting a fakeout could occur.
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3. False Breakout Possibility
Disruption: A possible fake breakout above the red box might lure in buyers before a reversal.
Implication: Watch for a "bull trap" where the price briefly breaks up and then reverses sharply downward.
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4. Macro Events Ahead
Disruption: The timing (around May 20) could align with macroeconomic news (e.g., Fed minutes, CPI, etc.).
Implication: News can trigger volatility and negate technical expectations.
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5. RSI or Momentum Indicators?
Disruption: Without checking RSI or other momentum indicators, the analysis might lack confirmation.
Implication: Overbought/oversold conditions could shift the bias unexpectedly.
BTCUSDwhat a lovely week with super short on btcusd, well if you all look at the chart on daily frame as i draw the line clearly to understand what happend and what would happen next possibely. take a good risk management and wait for the conformation. there is as i mentioned on the chart a-plan and b-plan, what you all think let me know in the comment. if you like the analysis give it a like. happy sunday.
BTCUSDlasr analysis was 100% worked i hope you all had a good time, as we look at weekly chart and see potentionl continue sell on btcusd, till ob+fvg, let see a strong pull back to take short postion. i hope weekly chart as i draw my like easy to understand. let me know in the comment what you think ..?
OfficialKieranTrewick | XAUUSD | Long from 25% ? The latest chart update shows that price has fully cycled from the 100% to the 25% quarter level within the bullish ascending channel. After failing to break the 2920 resistance due to a decrease in order flow, price continued its descent towards the lower boundary of the channel.
Upon reaching this key support zone, order flow for buying pressure significantly increased, leading to a suitable long entry that has already hit two take profit targets, securing 60 pips. The expectation is for price to slowly ascend back into the channel, aligning with previous value areas and increasing order flow.
However, with high-impact news on the horizon, market sentiment could shift, posing a potential risk to the current bullish market structure. Traders should remain cautious and prioritize risk management in case of unexpected volatility.
FX:XAUUSD
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XAUUSDfinally over a year gold has rised 8600 pip which is incradibly insane, i see gold potentially trapping buyer at this high price my prediction is very simple it might may not be the same for sure.. as we still see how this month is going to close after all monthly 11 bullish candle and only 2 bearish candle has been performed, trade what you see, not what we think. happy weekend. what you think let me know in the comment.
CHF/JPY Analysis | Potential Reversal or Continuation ? CHF/JPY Technical Analysis & Forecast
📉 Market Overview: Swiss Franc / Japanese Yen (CHF/JPY) – 4H Chart : The pair is currently trading within a well-defined descending channel, signaling a sustained bearish trend. The price action has consistently followed a lower high and lower low structure, confirming the prevailing downtrend.
However, recent price movements suggest potential signs of reversal as the pair approaches a key support zone. Let’s dive into the details.
🔍 Key Technical Highlights:
✅ Descending Channel: The market has been respecting a downward sloping trendline, indicating ongoing bearish pressure.
✅ Major Support Zone: The pair has tested a crucial quarter fulfillment level, a historically strong support area.
✅ Double Bottom Formation: A potential reversal pattern is forming, hinting at a possible upward move.
✅ 50 EMA Acting as Dynamic Resistance: The price remains below the 50-period Exponential Moving Average, a key level to watch for bullish confirmation.
✅ Resistance Levels: The 169.000 (50% Fib) and 172.000 (75% Fib) levels are the next upside targets if buyers gain control.
📊 Prediction & Outlook:
🔹 Bullish Scenario: A successful break above dynamic support/resistance and the 50 EMA could trigger a bullish move toward 169.000 and potentially 172.000.
🔹 Bearish Scenario: Failure to hold the current support could see the pair continue its downward trajectory within the channel, with potential targets around 163.250.
🔹 Key Confirmation Point: A breakout above the support & resistance zone (~168.000) would strengthen bullish momentum, while a rejection could lead to further downside.
📢 Trader’s Takeaway:
🔹 Short-term traders should watch for confirmation of the double bottom breakout.
🔹 Swing traders may look for opportunities within the current channel structure, capitalizing on both reversals and trend continuations.
🔹 Risk management is crucial; a break below 166.000 may invalidate bullish setups.
Stay tuned for more updates and trade wisely!
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OANDA:CHFJPY FX:CHFJPY VANTAGE:CHFJPY
BTCUSDlooks like a short bearish but before we see strong breakout, it is hard to get into a trade daily and weekly frame still in a range. as i draw the line unless 92000 strong break and then only we see to see continuestion as market price to retest the hug gap. same way if we looking for continue up trend then we must see a strong break out 101000 above only.
what are your thought.?
feel free to comment BELOW.
happy weekend.
XAUUSDwhat a greay weekend...gold is still pushing higher high finally made it to nearly 2900 , as weekly candle close strong bullish that seems like it might hit the cluster edge as predicted on the chart, i hope you all guys understand clean and clear, if not let me know in the comment.
looking for short from the edge of the cluster.
happy weekend.
XAUUSD3 strong rejaction on 2730 finally gold rejected 4th time as well, strong strong suply zone. weekly candle was closed bullish, kind of confusion but as techniclly i see a short from , if price din return in favore back to 2730 could be a double top.
everything depend on the market opning on monday.
what are your thought, let me know in the comment.
XAUUSDgold is fall almost over 2700 pip from 2780 right aftre the election day on usa, my analysis may easy to understand hope fully. yesterday took a long and got out with 200 pip. looking for one lit down to bounce back long postion, depend how market move.
what you all think of today end of the week?
comment in below.
XAUUSDperfect catch on 2757 as accepted i hope everyone is in profit this week, what i see for next week its a clear line on the 4h chart frame also video is out on youtube.
im loooking at continuestion short near 2700 or slightly more down to 2685 around, for a gold market to go more higher.
what are you all think can leave a comment below.
USDJPYaccording tecnical market is bullish for next week as well in my prediction jpy will reach back to 161 to its previus high till end of or before november. chart is clear to understand, dont forget to cheack weekly chart according to breakout. fvg is still valid for a spike. leave a comment for your thought.
XAUUSD Analysis | Charting New Territory ATH GOLD is charting new all time high territory once again this year after breaking through into the 2700s and still on a sharp ascent structure giving a high probability that we could now see 2800 by end of year. There is still a strong bullish momentum as stated but falling just short of the next quarter resistance of 2750 we could see a correction down to meet several support levels including the 50 ema which aligns with not only horizontal and dynamic support but also the middle bol band and quarter phase section of 25%.
Any long term sells are pretty much foolish at this level with the increasing likeliness that the ascent will continue I am looking to enter buys from these key support levels or potentially short term sell entries leading into these pivot zones for longs.
Ideally we will as per previous market structure see price enter a consolidation zone post a short correction to which we can scalp and gain some lower long entries before seeing price once again break through to the topside and complete the current quarter phase of 75% - 100% which would be around 2750-2800.