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(XAU/USD) Bearish Trade Setup – Targeting $3,222 with 1:6 Risk/REntry Point: Around 3,409.33 - 3,408.41 USD. Stop Loss: 3,437.87 USD. Target (Take Profit): 3,222.53 USD. Risk/Reward Ratio: Approximately 1:6, which is favorable. 📉 Price Action & Trend Analysis: A rising wedge (or channel) appears to have formed and broken to the downside — a bearish signal. The current price at 3,341.47 has broken below a minor support zone (highlighted in purple), indicating bearish momentum. Price is now approaching the 200 EMA, which is acting as potential dynamic support. 📌 Key Levels Highlighted: Support Zones: Near 3,347.47 (previous minor support) and 3,222.53 (main target zone). Resistance Zones: At the entry level and above, near 3,437.87 (Stop Loss zone). 🔄 Indicators: Moving Averages (Red and Blue Lines): Shorter-term moving average (red) is below the longer-term (blue), indicating downward pressure. Momentum Shift: The sharp drop suggests a likely continuation of the bearish trend.
CAPITALCOM:GOLDShort
by EA_GOLD_MAN_COPY_TRADE
19
COIN Coinbase Global Options Ahead of EarningsIf you haven`t bought COIN before the recent rally: Now analyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week, I would consider purchasing the 220usd strike price Calls with an expiration date of 2025-8-15, for a premium of approximately $18.90. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:COINLong
by TopgOptions
S&P 500 Bearish Reversal Setup: Short Entry Below Key ResistanceEntry Point: Around 5,678.79 Stop Loss: Around 5,833.61 (above recent resistance zone) Target Point: Around 4,831.37 (indicating a bearish target) 2. Technical Patterns: The price hit a resistance zone (highlighted in purple) and reversed—this is often a bearish signal. The trendline break (marked with the orange dot and blue arrow down) suggests a potential trend reversal. The moving averages (likely 50 EMA and 200 EMA) indicate the price is still above the support zone but weakening. 3. Risk/Reward Ratio: Risk (Stop Loss – Entry): ~154.82 points Reward (Entry – Target): ~847.42 points Risk/Reward Ratio: Approximately 1:5.5, which is favorable for shorting. 4. Trade Sentiment: Bearish bias based on the breakdown from the resistance zone and confirmation from chart patterns. If the price fails to hold above 5,682.87, a short trade may be validated with the target at 4,831.37.
SP:SPXShort
by EA_GOLD_MAN_COPY_TRADE
26
XAUUSD at Critical Support – Bullish Continuation or Pullback 🔍 Market Overview The chart shows a technical setup with clear support and resistance zones, alongside key Exponential Moving Averages (EMAs) to guide directional bias. 📊 Key Technical Levels Resistance Zone: ~$3,445–$3,460 This is a historically reactive area where price has reversed sharply in the past. A breakout above this zone would suggest strong bullish continuation. Strong Supporting Zone: ~$3,375–$3,390 Currently being tested. If the price holds here, it could act as a launchpad for a bullish move toward resistance. Support Zone: ~$3,320–$3,340 If the strong support breaks, the next downside target would be this zone, which aligns with the 200 EMA (blue line) — a dynamic support level. 📈 Moving Averages 50 EMA (Red): Currently at $3,345.60, serving as a short-term dynamic support. 200 EMA (Blue): Currently at $3,304.13, marking a critical longer-term support. Price staying above this EMA reflects a bullish bias. 🔀 Probable Scenarios Bullish Case (Preferred Scenario) If price holds the strong supporting zone and breaks above current highs (~$3,395), it could rally toward the resistance zone at $3,445–$3,460. Break and close above resistance may open the door for further upside continuation. Bearish Case A rejection from current levels or a break below $3,375 would likely lead to a retracement toward the support zone ($3,320–$3,340). A break below the support zone and the 200 EMA would shift the structure into bearish territory. ✅ Bias & Recommendation Current Bias: Cautiously Bullish As long as the price remains above the strong supporting zone and 50 EMA, bulls have the upper hand. Look for confirmation with a higher low or bullish engulfing candle before entering long. Trade Idea: Long Entry: On bullish confirmation above $3,395 Target: $3,445–$3,460 Stop Loss: Below $3,375 (support break)
OANDA:XAUUSD
by MrStellanSight
20
BTC at Key Inflection Zone – Breakout or Rejection Ahead?Asset: BTC/USD Timeframe: 4H or Daily (based on visual pattern structure) As of: May 6, 2025 Indicators: 50 EMA (Red): $91,615.79 200 EMA (Blue): $89,305.75 Key Technical Zones: 🔴 Resistance Zone: ~$104,000 – $108,000 This area has historically acted as a major supply zone. Price has been rejected from this level multiple times, indicating strong selling pressure. 🔁 Flip Zone (Resistance turned Support/Support turned Resistance): ~$95,500 – $100,000 The current price ($95,234.23) is testing this zone from below. A confirmed break and hold above could signal continuation toward the higher resistance. 🟢 Strong Support Zone: ~$88,000 – $91,000 Confluence of 50 EMA and 200 EMA adds strength to this demand zone. Previous breakout level and accumulation area. EMA Outlook: 50 EMA > 200 EMA: Short-term bullish crossover is active, indicating bullish momentum. Both EMAs are sloping upward slightly, suggesting trend strengthening. Price is currently above both EMAs, which acts as dynamic support. Potential Scenarios: ✅ Bullish Scenario: If price reclaims the $95,500–$100,000 resistance-turned-support zone: Expect upward momentum to continue. Target: $104,000–$108,000 zone. Break of $108K could lead to a macro bull continuation. ⚠️ Bearish Scenario: If price rejects the current zone and fails to hold above the $91,000 support: Look for retest of $88,000–$89,000 area (confluence with EMAs). Breakdown below that zone would invalidate bullish structure and signal potential deeper correction. Summary: Bias: Bullish above $91K, Neutral between FWB:88K –$91K, Bearish below $88K. Key Confirmation Needed: Daily close above $100,000 for strong bullish continuation. Risk Management: Watch for fakeouts within the $95K–$100K range due to past volatility.
BINANCE:BTCUSDLong
by MrStellanSight
7
XAUUSD Bullish Continuation Setup (read-caption)📊 Chart Overview: Asset: Unspecified (likely XAUUSD or a crypto asset). Timeframe: Looks like 4H or Daily. Tools Used: EMA 50 (🔴 Red Line) — 3,283.978 EMA 200 (🔵 Blue Line) — 3,185.603 Resistance & Support Zones (🔴 Highlighted boxes) Price: 3,335.415 🔍 Technical Analysis: 🟩 Trend Direction: 📈 Uptrend Confirmed: Price is above both EMA 50 and EMA 200 → Strong bullish momentum. ✅ Golden Cross: EMA 50 is above EMA 200, confirming long-term bullish bias. 📌 Key Levels: 🧱 Main Support Zone (🟥 Bottom Box - ~2,950–3,050): Historical strong bounce zone. Acts as a bullish base in case of a deeper pullback. 🔄 Mid Resistance/Support (~3,180–3,260): Now acting as support after price bounced above it. Also aligns with EMA 200 ➕🟦 – adds confluence. 📌 Main Resistance Zone (~3,300–3,380): Current area of consolidation. If broken, price likely to retest upper resistance. 🚧 Top Resistance Zone (~3,450–3,500): Target area if bullish breakout continues. ✈️ Next take-profit zone for bulls. 🧭 Market Forecast: 🔁 Retest Expected: Price might pull back slightly to the main resistance area (~3,300), retesting previous resistance as support. 🚀 Upside Potential: Upon successful retest, price is projected to head toward the upper resistance (~3,480). 📉 Bearish Scenario: If price breaks back below 3,260 and EMA 50, expect a dip toward 3,180 or even the main support zone. 📈 Summary: Bias: ✅ Bullish Watch for: 🔍 Retest of 3,300 zone ✅ Breakout above 3,380 ❌ Breakdown below 3,260 invalidates bullish scenario
OANDA:XAUUSDLong
by MrStellanSight
7
GBP/USD Short Trade Setup – Targeting 1.31580 from 1.34281Entry Point: 1.34281 Stop Loss: 1.34554 (about 27 pips above entry) Target Points: Target One: 1.32698 Final Target (EA Target Point): 1.31580 (approx. 270 pips from entry) Risk/Reward Ratio: Favorable, given the tight stop and wider target. 📈 Chart Features Highlighted Zones: Resistance Zone (top purple area): A strong supply zone, where price reversed multiple times. Support Zone (bottom purple area): Historical demand zone, previous price reactions. Orange Circles: Represent key swing highs and lows (likely used to confirm the zones or a double/triple top/bottom pattern). Moving Averages: Red Line: Likely a shorter-period MA (e.g., 20 EMA). Blue Line: Likely a longer-period MA (e.g., 50 or 200 EMA), often used for trend confirmation. 🧠 Interpretation Price Action: The chart suggests the price recently hit a resistance zone and is expected to reverse. Trade Bias: Bearish – expecting the market to drop from the resistance. Indicators Support: Price has rejected multiple times at the top. Entry is slightly below resistance, confirming a potential reversal. Targets align with support and past consolidation zones.
Short
by EA_GOLD_MAN_COPY_TRADE
19
Gold (XAUUSD) 4H Chart – Key Resistance Test: Breakout or RejectSimple Analysis: Price is currently at a resistance zone (~$3,335). Two possible outcomes are drawn: Bullish scenario: Break above current resistance → move toward the next resistance (~$3,500+). Bearish scenario: Rejection from current resistance → fall back to the support zone (~$3,240). EMAs: 50 EMA (red) is above 200 EMA (blue) = bullish bias, but price must break resistance to continue upward. Summary: Watch for a breakout above ~$3,335 for bullish continuation, or a rejection for a potential drop to support near ~$3,240.
OANDA:XAUUSD
by Fxhenry22
EURNZD Bearish Reversal Confirmed: Break and Retest Below Key Su🧠 Market Context & Structure: Trend Analysis: The pair is currently in a bearish structure. This is evident from lower highs and lower lows forming after a failed bullish breakout attempt. Key Zone: A supply zone (highlighted in red) around 1.90198 – 1.90750 has acted as a strong resistance. Price was rejected here after retesting. Break of Structure (BoS): A clear bearish breakout below the ascending trendline and the horizontal support confirms a shift in sentiment. 📉 Indicators & Confluences: EMA Analysis: EMA 50 (red): 1.90757 EMA 200 (blue): 1.90728 Price is trading below both EMAs, which confirms bearish momentum. Also, a bearish EMA crossover (50 crossing below 200) may be forming or has just occurred — a death cross, which further supports downside bias. 🎯 Trade Setup Breakdown (Bearish Bias): Entry: Around 1.89760 (current price) Stop Loss: Above the supply zone (~1.9020 - 1.9070) Take Profit Target: Around 1.86035 (highlighted in green), aligning with previous demand zone or measured move. Risk-to-Reward Ratio (RRR): Estimated at ~3:1, making this a favorable setup. 🔽 Technical Patterns: Bear Flag / Rising Wedge: The broken ascending pattern suggests a bearish continuation. Retest Confirmation: Price retested the broken structure before continuing down — classic bearish retest behavior. ✅ Conclusion: This is a textbook bearish setup supported by: A failed breakout and structure shift Resistance at a key supply zone Break and retest of support Price under both EMAs (bearish confirmation) 📌 Bias: Bearish 📌 Invalidation Level: Close above 1.9075 📌 Next Support Zone: 1.8600–1.8550 range
Short
by MrStellanSight
8
USD/CHF Reversal Setup (Read-Caption)🧠 Professional Technical Analysis – USD/CHF 💱 🗓️ Date: May 6, 2025 🕰️ Timeframe: Likely 4H or Daily 📊 Current Price: ~0.82218 🔍 Technical Indicators 🔵 EMA 20: 0.84190 (short-term trend) 🔴 EMA 50: 0.82524 (mid-term trend) ❗ Bearish crossover: EMA 20 is below EMA 50 → short-term bearish bias 🐻 📉 Support Zone Analysis 🛡️ 🟥 Key Demand Zone (Support): 0.82084 – 0.81437 🔁 Price has bounced here before 🪃 🕯️ Candles with long lower wicks = buyers stepping in 🧍‍♂️💪 🟠 This is the “bounce zone” 📈 🧭 Trade Idea ✅ Long Entry: Around 0.82084–0.82200 🛑 Stop Loss: Below 0.81437 ❌ 🎯 Take Profit: Around 0.83600 🟢 ⚖️ Risk/Reward: Excellent (>2:1) if bounce holds 🚀 🔄 Price Action Outlook 📉 Downtrend approaching major support 🕯️ Looking for bullish candlestick confirmation (engulfing, hammer, etc.) 📈 Target area aligns with mean reversion to EMA 20 📌 Conclusion 👀 Watching for bullish reversal signs 🔄 🛒 Buy zone is clearly defined ✅ ⛔ Setup is invalidated if price closes below 0.81437
Long
by MrStellanSight
3
Silver Analysis: Bearish Continuation Toward $31 Support ?🧠 Chart Context & Setup Chart Type: Candlestick Timeframe: Likely 4H or Daily Indicators Used: EMA 50 (Red) — 32.814 EMA 200 (Blue) — 32.559 🔍 Key Technical Levels Resistance Zone: 33.600 – 33.950 Price faced repeated rejection in this zone, confirming it as a valid supply/resistance area. Support Zone: 30.600 – 31.100 Marked as the next potential demand zone, aligning with previous accumulation and reaction levels. Current Price: ~32.618 Just below the 50 EMA and slightly above the 200 EMA. 🔄 Market Structure The market experienced a strong bearish impulse in early April, followed by a bullish correction that reclaimed the 200 EMA. Multiple internal liquidity (INT.LQ) sweeps were taken before forming a potential lower high (LH) at the resistance zone. The recent bearish move broke below the EMAs and previous structure, indicating a possible shift back to bearish momentum. 📉 Bearish Scenario Outlook (Most Probable as of Now) The chart shows a projected lower high formation, likely leading into a continuation of the bearish move. If price fails to break back above 32.800–32.900, we could expect a sell-off toward the support zone (30.600–31.100). This move aligns with: Breakdown below EMAs Failed bullish continuation Rejection from a strong resistance zone 🧭 EMA Analysis EMA 50 > EMA 200, but the price is now sandwiched and showing signs of weakness. If price sustains below both EMAs, momentum is likely to favor bears in the short to medium term. ⚠️ Risk Factors to Watch Any strong bullish engulfing candle reclaiming the 33.000 zone could invalidate the bearish thesis. Fundamentals like USD volatility, inflation data, or geopolitical tension could impact Silver drastically. ✅ Conclusion The chart currently suggests a bearish continuation setup, with the potential for price to revisit the $31.00–$30.60 support zone after rejecting resistance. A retest of broken structure around 32.700–32.800 might provide an ideal entry for sellers.
CAPITALCOM:SILVERShort
by MrStellanSight
7
Silver – Bearish Move Toward Support🧠 Market Overview: Instrument: Likely Silver (based on file name). Chart Context: The price is currently trading below both the 50 EMA (red) and 200 EMA (blue), indicating bearish momentum and a possible shift in market structure. 📊 Key Technical Components: 🔹 Exponential Moving Averages (EMA): 50 EMA (32.614) is above the 200 EMA (32.526) but both are above the current price. This crossover is recent and could indicate the beginning of a larger downtrend if confirmed by continued price action below both EMAs. 🔹 Market Structure: POI (Point of Interest) marks a previous swing high where selling pressure emerged. The chart shows internal liquidity (INT.LQ) sweeps both above and below consolidation areas, hinting at smart money manipulation to grab liquidity before making a move. 🔹 Resistance Zone: Clearly defined between approx. 33.4–34.0, where price was rejected after a failed attempt to break higher. Multiple rejections from this zone show strong selling pressure. 🔹 Support Zone: Sitting between approx. 30.8–31.2. Price previously consolidated here before a bullish move, making it a likely target for a return test or a potential bounce. 📉 Bearish Scenario & Projection: The price broke below a short-term structure and failed to hold above EMAs. The current price action shows a bearish pullback likely to form a Lower High (LH). The projected path shows a pullback to previous support-turned-resistance, followed by a breakdown targeting the support zone. ✅ Bias: Short-term bias: Bearish Medium-term bias: Bearish, unless price reclaims the 200 EMA and consolidates above the resistance zone. 🔍 Confluences Supporting Bearish Outlook: Price below EMAs (dynamic resistance). Failed higher highs with liquidity sweeps (indicating smart money selling). Clear market structure shift to the downside. Anticipated retest of support zone around 30.8–31.2.
CAPITALCOM:SILVERShort
by MrStellanSight
4
XAU/USD Market Outlook – Key Levels & Scenarios (May 2025)📊 Market Overview Asset: XAU/USD (Gold vs. USD) – likely Timeframe: 🕒 4H or Daily EMAs: 🔴 50 EMA = 3,281 (short-term trend) 🔵 200 EMA = 3,179 (long-term trend) 🧱 Key Zones 🔺 Main Resistance Zone (🚫 Supply Area) 📍 ~3,320–3,400 🔍 Observation: Strong rejection zone with multiple failed attempts. 🚧 Price struggles to break and hold above here. ⚖️ Mid Support & Resistance Zone 📍 ~3,200–3,250 🧭 Current Action: Price is consolidating here. This is a key decision zone. A bounce or breakdown will likely decide the next big move. 🤔 🟦 Main Support Zone 📍 ~2,980–3,030 🛑 Observation: Major demand zone. If price falls here, it might attract buyers 👥 for a potential rebound. 📉 EMA Analysis 🔴 50 EMA is above 🔵 200 EMA → Trend still technically bullish ✅ 🟡 BUT: Price is currently below 50 EMA, showing short-term weakness ⚠️ ⚡️ 200 EMA is nearby (~3,179): Acting as dynamic support — a critical bounce zone! 🛡️ 🔮 Scenarios 🐂 Bullish Path ✅ If price bounces from 3,200 support zone and reclaims 🔴 50 EMA: 🎯 Target: Retest of 3,320–3,400 🔺 zone 📈 Confirmation: Strong candle closing above 3,281 🔴 EMA 🐻 Bearish Path 🚨 If price breaks below 3,200 & 200 EMA: 🕳️ Expect drop towards 2,980–3,030 🟦 zone 📉 Confirmation: Candle closes below 3,179 with weak retest ✅ Conclusion 📍 Key Level to Watch: 3,200 ⚖️ Market Sentiment: Neutral → Bearish bias unless price reclaims 50 EMA 🔒 Risk Tip: Avoid longs until price confirms bullish structure again 🔐
OANDA:XAUUSD
by MrStellanSight
8
EUR/AUD Bearish Channel with Key Support Ahead📉 Market Structure Analysis (Bearish Bias) Current Trend: The pair is trading within a well-defined descending channel, indicating a bearish trend. Price action is forming lower highs and lower lows, adhering to the channel boundaries. Moving Averages (EMA): EMA 50 (Red) at 1.77491 is above the price, acting as dynamic resistance. EMA 200 (Blue) at 1.73338 is close to current price, likely to act as a support area in the short term. The bearish crossover between the 50 EMA and current price supports the continuation of downward momentum. 🔍 Key Zones: Weak Resistance Zone: Located around 1.7740 – 1.8000, previously a support area, now acting as resistance. Price rejection from this zone multiple times indicates sellers' strength. Support Zone: Located around 1.6950 – 1.7100, where demand may return. This zone coincides with the lower boundary of the descending channel, making it a likely reaction zone. 📊 Forecast / Expectation: The chart projects a bear flag / corrective pullback before another leg downward toward the support zone. If price breaks and sustains below the EMA 200, it will likely accelerate bearish pressure. The descending channel suggests potential continuation to the downside unless price breaks out of the upper boundary with momentum. ✅ Trade Implications: Bearish Setup: Look for short opportunities on intraday pullbacks near the resistance or EMA 50. Bullish Invalidations: A breakout above the descending channel and sustained move above 1.7800 would invalidate the bearish outlook. Conclusion: This chart presents a technically clean bearish setup. The confluence of a descending channel, EMA rejection, and defined resistance/support zones suggests the EUR/AUD may continue lower, especially if it loses the 1.7300 level decisively.
Short
by MrStellanSight
10
(XAU/USD) Bullish Trade Setup – Targeting $3,506.52 with Entry aEntry Point: $3,221.19 Stop Loss: $3,169.80 Resistance Zone: Around $3,277.98 to $3,280.64 Target (TP) Point: $3,506.52 (Approx. 9.05% upside) 📊 Technical Indicators and Markings: Moving Averages: Likely a 50-period (blue) and 200-period (red) moving average. Price is currently below both MAs, signaling a short-term downtrend. Support & Resistance Zones: Strong support around $3,207.67–$3,221.19 (entry area). Resistance at $3,244.25–$3,280.64. Stop-loss is strategically placed below support to limit downside risk. Target Area: Projected upside target is $3,506.52, with a potential 9.05% gain from the entry. This is marked as the EA (Expert Advisor) Target Point, possibly suggesting this is a strategy from an automated trading system. Orange Circles: Likely indicate swing highs and lows, used to identify trend patterns and potential reversal points. 📈 Trading Idea Summary: Bullish Setup: Buying at support, aiming for breakout above resistance to reach target. Risk-Reward Ratio: Favorable, assuming price holds above $3,207. Watch for Confirmation: Price needs to break above resistance around $3,280 for momentum continuation.
CAPITALCOM:GOLDLong
by EA_GOLD_MAN_COPY_TRADE
18
USDJPY Buy Opportunity Above 143.525Entry Point: 143.525 (unchanged) Stop Loss: 141.847 (unchanged) Target Point One (TP1): 145.063 (unchanged) Final Target (TP2): Now refined to 147.883 instead of 147.894 — a small, precise update. 📈 Pattern and Structure: Cup-and-handle formation still intact, indicating a continuation pattern. Support confirmation at the 143.5 zone, showing a potential base for a bullish reversal. The chart shows strong upside projection toward the resistance band near 147.8–148.0, highlighted with the upper purple zone. 📊 Risk-Reward Profile: Risk (Entry to SL): 143.525 – 141.847 = 1.678 Reward (Entry to TP2): 147.883 – 143.525 = 4.358 Reward-to-Risk Ratio: 4.358 / 1.678 ≈ 2.6R — a favorable risk/reward setup. 🧠 Trade Notes: Entry is slightly above a demand zone. First target is conservative, near a known resistance. Final target aligns with prior highs and the broader ascending wedge’s upper bound. Timing suggests the bullish push may unfold over the next few sessions (likely May 6–8 range, as curved arrow indicates a rounded retest/bounce scenario)
Long
by EA_GOLD_MAN_COPY_TRADE
13
Bearish Rejection at Resistance – Potential Drop Incoming🔍 Chart Analysis Summary 1. Key Zones Resistance Zone: ~$3,340 – $3,360 Price has been rejected multiple times from this area, showing strong selling pressure. Support Zone: ~$3,200 – $3,240 Strong historical support level, previously held during a pullback after the last rally. 2. Moving Averages EMA 50 (Red): Currently at ~$3,340 Price is fluctuating around it, indicating short-term indecision or a possible retest. EMA 200 (Blue): Currently at ~$3,300 Acting as a mid-term support level. Price previously bounced from this region. 3. Pattern and Price Action Fakeout Potential: The chart suggests a possible false breakout above the resistance followed by a sharp drop—highlighted by the arrow. This is a common bull trap setup. Bearish Outlook Indicated: The projected path suggests a rejection from resistance and a drop to the support zone (~$3,200). This would create a lower high, a bearish sign. 4. Trading Bias Bearish Setup if: Price fails to hold above $3,340 (EMA50). Price gets rejected from the resistance zone and breaks below $3,300 (EMA200). Bullish Invalidated if: Price closes convincingly above the $3,360 resistance with volume, flipping it into support. 📉 Potential Trade Idea Short Entry: Around $3,350–$3,355 Stop Loss: Above $3,365 (above resistance zone) Target: $3,220–$3,230 (support zone)
OANDA:XAUUSDShort
by MrStellanSight
13
Bearish Reversal Setup: Resistance Rejection Targeting Key Chart Overview: Asset: Unspecified (likely XAU/USD or an index based on price levels) Indicators: EMA 50 (red) — currently around 3,306.84 EMA 200 (blue) — currently around 3,300.54 Key Zones: Resistance Zone: ~3,320 to 3,360 Support Zone: ~3,190 to 3,240 Technical Analysis: Trend Context: The asset previously had a strong bullish run, peaking above 3,400. After the peak, it shifted into a lower high structure, indicating potential distribution. Price is currently fluctuating below the resistance zone but above the support zone, suggesting range-bound conditions. Moving Averages (EMA Analysis): The 50 EMA is currently below the 200 EMA, signaling short-term bearish pressure. Price is hovering around these EMAs, suggesting indecision and the possibility of a breakout or breakdown. Resistance Behavior: Price is projected to retest the resistance zone (~3,340–3,360) before a major drop. The resistance zone has already acted as a strong supply area multiple times, reinforcing its significance. Support Expectation: After rejection from the resistance zone, price is expected to decline sharply toward the support zone (~3,200). The drawn arrows suggest an expectation of a rapid sell-off after the final fake-out at resistance. Structure and Price Action: The forecasted scenario shows a liquidity grab above resistance (fake breakout) followed by a strong bearish reversal. This is typical in a "distribution phase" where market makers induce breakout traders before reversing the move. Summary: Primary Bias: Bearish Setup: Short from resistance rejection after liquidity sweep. Target: Support zone around 3,200. Invalidation: A clean breakout and retest above the resistance zone (~3,360) would invalidate the bearish idea. Risk Management: Ensure proper stop loss above resistance to mitigate risk in case of a genuine breakout.
OANDA:XAUUSDShort
by MrStellanSight
5