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Harmonic Patterns

Daily Analysis: 29‑05‑2025 Spot gold closed yesterday with a 0.4% loss at 3,288, marking its third consecutive day of decline. Today, market risk appetite has increased following a U.S. International Trade Court ruling that deemed the vast majority of global tariffs imposed by President Trump illegal, ordering their suspension. U.S. futures are up around 2%, and the Dollar Index (DXY) has risen above the 100 mark. These developments have added to the selling pressure on gold this morning. Additionally, Nvidia’s better-than-expected earnings have reinforced investor interest in riskier assets. In this positive market environment, the downward trend in gold may persist. If the decline continues, support levels are found at 3,259, 3,243, and 3,222. In case of a rebound, resistance levels are seen at 3,289 and 3,313.
OANDA:XAUUSDLong
by byyahyagold
Fed Minutes and Tariff Delay Support SilverSilver traded near $33.15 on Thursday, steady after Fed minutes showed a cautious rate stance amid economic uncertainty and trade tensions. The Fed held rates at 4.25%–4.5%, awaiting clearer data. Bond market volatility and questions about the dollar’s role weighed on sentiment. Silver remains under pressure from trade risks but gains support from being undervalued versus gold and a fifth year of global supply deficits. Markets now await US GDP and PCE data. Trump’s delay of the EU tariff and Brussels’ pledge to speed talks slightly increased risk sentiment. The first critical support for gold is seen at 33.80 and the first resistance is located at 32.30.
FOREXCOM:XAGUSD
by ChartMage
Euro Weakens Near 1.1240 Amid Economic ReleasesEUR/USD extended its decline for a third straight session, trading near 1.1240 during Thursday’s Asian hours. Market attention is now turning to key upcoming U.S. economic releases, including Q1 Annualized GDP, quarterly PCE Prices, and weekly Jobless Claims. The U.S. dollar gained strength following a federal court decision on Wednesday, which blocked former President Trump’s attempt to enforce "Liberation Day" tariffs, ruling the measure unconstitutional and beyond presidential authority, according to a Manhattan court panel. The key resistance is located at 1.1290 and the first support stands at 1.1200.
by ChartMage
Yen Stabilizes as Risk Sentiment ImprovesThe Japanese Yen edged up from a two-week low on Thursday but lacked strong momentum, as risk appetite improved after a U.S. court blocked Trump’s “Liberation Day” tariffs, reducing demand for safe havens. Concerns over Japan’s rising debt continue to pressure the Yen. Meanwhile, USD/JPY rose for a fourth day, supported by hawkish FOMC minutes, though markets still expect a Fed rate cut. Expectations of a more hawkish Bank of Japan helped limit the Yen’s losses. The key resistance is at $147.10 meanwhile the major support is located at $145.00.
by ChartMage
BTCUSDT – Risk of trend break, bearish signs emergingBTCUSDT is trading right at the lower boundary of its ascending channel, around the 108,800 mark. After several bounces from this trendline, price action now appears to be stalling—indicating that buying pressure is weakening. If the price breaks below the 107,500–106,500 support zone (marked by the 34 EMA and recent swing low), the short-term uptrend could be invalidated. A confirmed break below 106,500 could trigger a further correction toward the 89 EMA around 102,800. On the news front: Latest data shows Bitcoin’s dominance is slightly decreasing as capital rotates back into altcoins. Additionally, market uncertainty surrounding the Fed's monetary policy outlook is making investors more cautious about riskier assets like crypto.
Short
by Rocky_trade_
BTCUSD UPDATE 29 5 2025This chart is a 30-minute candlestick chart for Bitcoin/USDT (BTC/USDT) on Binance, published by Mr_Zakrii. Here's a detailed breakdown: --- Chart Details and Analysis 1. Asset & Timeframe: Asset: Bitcoin (BTC) / Tether (USDT) Exchange: Binance Timeframe: 30-minute candles 2. Current Price: Price at snapshot: ~108,420.51 USDT The price is shown moving upwards toward a resistance area. 3. Key Zones: Resistance Zone (Top Yellow Box): ~108,900 – 108,950 USDT Minor Resistance Zone (Middle Yellow Box): ~108,400 – 108,500 USDT Support Zone (Bottom Yellow Box): ~106,900 – 107,000 USDT 4. Trading Setup (Illustrated by Blue Arrows): A short (sell) position is being suggested: Entry: Around 108,420.51 USDT Stop-loss: ~108,902.64 – 108,953.21 USDT Take-profit: ~106,930.77 USDT The setup aims to capitalize on a reversal from the resistance zone, expecting the price to reject and drop toward the previous support. 5. Risk-Reward Visualization: Red Box: Represents the stop-loss zone (risk) Green Box: Represents the take-profit zone (reward) This indicates a favorable risk-to-reward ratio, assuming price respects resistance. 6. Market Sentiment: The price has recently surged with strong green candles and volume. The chart suggests potential exhaustion or resistance at current levels. 7. Additional Indicators: News/Economic Event Marker (Purple Icon): Indicates a possible upcoming event which could add volatility. Volume: Noticeable increase in buying volume during the upward move, which may suggest momentum, but also a potential blow-off if rejected. --- Conclusion: The chart anticipates a short-term bearish reversal from the 108,400–108,900 resistance area down to the 106,900 support zone. The trade setup is based on price action and zone rejection. It's a technical sell setup, likely based on supply zones and momentum exhaustion. Would you like help evaluating the risk/reward further, or how this setup aligns with broader Bitcoin market trends or news?
Short
by Mr_Zakrii
USDCAD BULLISH OR BEARISH DETAILED ANALYSIS ??USDCAD continues to follow the predicted bearish path, currently trading around 1.38300, and still moving gradually toward our target zone of 1.34300. After a strong bearish impulse from the 1.40391 supply zone, price has consistently formed lower highs, confirming selling pressure and market intent. The recent bounce was shallow, and price is respecting previous resistance levels perfectly, validating the bearish continuation setup. Fundamentally, the Canadian dollar is gaining strength off rising oil prices and improving economic data from Canada, while the US dollar remains under pressure as the market begins pricing in a potential Fed rate cut in the second half of 2025. With softer US economic indicators including lower consumer confidence and slowing GDP growth, the momentum clearly favors CAD in this pair. The divergence in monetary policy outlooks between the Bank of Canada and the Federal Reserve adds further downside bias to USDCAD. Technically, the structure remains bearish, with a clean breakdown below the 1.3900 psychological level and clear rejection at the 1.40300 resistance zone. Market liquidity appears to be shifting below the current price, and with the pair printing consistent lower highs and lower lows, there's significant space toward our target zone near 1.34128. A rejection from the minor pullback zone between 1.38800–1.39000 could provide another entry opportunity for trend continuation traders. USDCAD remains a high-probability short setup in line with both technical structure and current fundamentals. As long as price stays below the 1.40300 resistance, I expect the bearish trend to continue with increased momentum as we approach summer liquidity shifts. This trade is already deep in profit and aligns with key institutional selling zones, making 1.34300 a realistic and conservative target in the coming weeks.
Short
by AndrewsMarket-Mastery
Gold strategy today, I hope it will be helpful to youFrom a technical chart perspective, the 3290-3300 area was a significant resistance level during the previous price decline, accumulating a large number of trapped positions. When the price rises to this level, trapped investors anxious to exit their losing positions and sell, creating strong selling pressure. Additionally, on 15-minute or 30-minute timeframe K-line charts, if there are two consecutive failed attempts to breach 3300 followed by a rapid pullback, it indicates that bullish momentum struggles to sustain at this level and cannot effectively break through the resistance. In such cases, bears are more likely to take the lead and push prices lower. Currently, there is significant divergence between bulls and bears in the market, but the recent rapid decline followed by a rebound suggests that bearish momentum remains strong. Investors are concerned about the uncertainty of the Federal Reserve's policies and skeptical about the pace of global economic recovery. In this cautious market sentiment, once prices show signs of weakening at key resistance levels, investors tend to follow the bearish trend and sell gold, further exacerbating the price decline. Gold strategy today, I hope it will be helpful to you XAUUSD SELL@3290~3300 SL:3310 TP:3275~3280
FOREXCOM:XAUUSDShort
by AndyHopkins
Today's gold price focuses on the pressure level: 3285-3295Today's gold price focuses on the pressure level: 3285-3295 As shown in Figure 4h: Today's gold price fell sharply, as we analyzed yesterday, and smoothly entered the blue channel oscillation range: 3220-3250-3295 The next step of operation is very clear: Short selling ideas: Sell: 3280-3290 high short selling Target: 3250, break through to see 3220 Stop loss: 3295-3305 I have always emphasized that this blue channel is a very important adjustment range. The upper edge of the channel will completely split the head and shoulders top pattern, and the lower edge of the channel will also completely split the head and shoulders bottom pattern. The middle span just belongs to the macro triangle convergence oscillation adjustment range. When the gold price is in this range, it means that the gold price will enter the accumulation and oscillation adjustment period, and the trend will be more obvious and clear. Of course, we still need to combine the fundamentals for comprehensive analysis and judgment. Today's gold price is mainly short.
OANDA:XAUUSD
by Emily990099
EURUSD – Technical rebound, but bearish pressure still loomsAfter a sharp drop to the support zone around 1.12255, EURUSD has made a mild recovery and is now retesting the 1.13360 resistance area – which aligns with both the 34 and 89 EMAs. This confluence zone could trigger renewed selling pressure if price fails to break above. The 3-hour chart shows a zigzag-like recovery forming, but each new high is still lower than the previous one – indicating that the downtrend remains intact. If EURUSD continues to struggle at this resistance, it is likely to reverse and retest the 1.11910 support area. On the news front, markets are awaiting CPI data from both the Eurozone and the U.S. this week. If U.S. inflation comes in higher than expected, the dollar may continue to strengthen – increasing short-term downside pressure on EURUSD.
Short
by Rocky_trade_
$BUSD Breakout Setup on Watch! 🔸 Key Support Zone: Price is consolidating above a critical demand zone around 0.36500. This level has acted as strong support and aligns with the lower boundary of the falling wedge. Losing this support could lead to sharp downside movement, so it's a key area to monitor. 🔸 Upside Target: 0.60000 If BUILD breaks above the falling wedge resistance (~0.41200), it could trigger a bullish rally toward the 0.50–0.60 range, aligning with the upper channel line. 🔸 Risk Level at 0.34000: Any 2H candle close below this level would invalidate the bullish outlook and open doors to lower levels like 0.32000 or even 0.30000.
CRYPTO:BUSDLong
by CryptoSkullSignal
#ENA/USDT#ENA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.3430. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.3521 First target: 0.3608 Second target: 0.3728 Third target: 0.3882
Long
by CryptoAnalystSignal
EUR/USD Bounce From Key Demand Zone | Short-Term Bullish SetupEUR/USD has just tapped into a well-defined Demand Zone between 1.12271 – 1.12600, showing aggressive buying pressure on the wick — a classic liquidity grab and bounce scenario. 📌 Bullish Confluences: 🟤 Deep tap into Demand Zone + aggressive wick rejection. 🟩 High probability reversal after stop-hunt. 🔵 Price forming higher low structure. 🔄 Clean imbalance/fair value gap above (room for recovery). --- 🎯 Bullish Targets: 1. 📍 1.13231 – Mid-range resistance and minor supply. 2. 📍 1.14018 – Major Supply Zone (swing TP). 🧠 Trade Idea: Long from 1.12600 area with tight SL under 1.12250, targeting 1.132xx or higher. R:R = 🔥 if managed properly. --- 📅 Fundamental Alerts: 🏛️ Upcoming US + EU news (marked on chart) = potential volatility spike. 🧭 Consider scaling out partials if key events flip sentiment. --- 🧠 Strategy Type: Scalp/Intraday with momentum confirmation + demand zone logic. --- 📢 Are You Bullish or Still Bearish? This could be a short-term push before bigger decisions from central banks. What’s your view? 💬 Drop your analysis below, and don't forget to like/follow if this helped your trading plan! --- #EURUSD #ForexSignals #PriceAction #SupplyAndDemand #SmartMoney #OrderBlocks #Scalping #IntradayTrade #ForexStrategy #TradingView
Long
by FrankFx14
SP500 // Stock Market Still a Buy? Here’s My ETF ApproachUnlike the Forex market, in the stock market—even when we’re hitting new highs and running out of chart space—it still makes sense to continue accumulating positions in U.S. indices. For a more profitable and diversified approach, ETFs offer a wide range of options: SPY, TQQQ, QQQ, and international ones like VEA. Where do you trade stocks? I'm curious to hear what platforms and strategies others are using. If you have any questions about building a portfolio or selecting ETFs, feel free to reach out. Happy to share insights and help where I can. Wishing you consistency and strong returns.
BLUEBERRY:SP500Long
by InvestWorld_777
5.29: Gold price continues to short at high level5.29: Gold price continues to short at high level Gold price has three consecutive negative lines on the daily line, and continues to adjust After the gold price falls below 3285 and stabilizes under pressure, the space below will open further, and may reach 3230-3200. The monthly line tends to close with a cross star 4H cycle: The triangle convergence range narrows and consolidates, then breaks downward, and the Bollinger Bands turn downward. The intraday pressure of the middle track continues to be bearish. The moving average pressure is at 3285. In terms of operation, short selling is mainly based on this rebound, and the bottom looks to 3250 and 3230. Key resistance/support levels: Resistance: US$3294 (daily turning point), US$3315. Support: US$3245-3230, US$3205. Operation suggestion: Short gold near 3284-86, stop loss at 3294, look to 3250, 3225! Weakness can rely on the pressure of 3272-75 to short! Fundamentals: Geopolitical crisis cools down, US bond yields rise, and gold shorts may dominate the market The Fed's interest rate meeting released key signals: Most officials pointed out that the current impact of tariffs on the economy is greater than expected, coupled with inflation stickiness pressure, interest rates will remain unchanged in the short term, and expectations of interest rate cuts will be further cooled. At the same time, the Russian-Ukrainian conflict and the US-Iran nuclear negotiations have made phased progress, geopolitical risk aversion has cooled, and the market demand for safe-haven US dollar assets has rebounded. Affected by this, the US dollar index broke through the 105 mark strongly, and the international gold price fell below the key support level of 3278 and accelerated its decline, reaching a minimum of 3245. The daily level formed a convergent triangle breakthrough pattern, and the technical short trend was strengthened.
OANDA:XAUUSD
by Louisa21210