"Gold Price Breaks Key Support: Potential Downside Ahead"This chart shows a potential bearish setup for gold, with a breakout below a key level. The price recently failed to sustain its move above a resistance zone and has started declining. The structure indicates a shift in momentum, with a possible move toward the lower trendline of the ascending channel. Key downside targets include the areas around 2799 and 2764, with stronger support near 2742. If the price remains below the broken level, further downside movement is likely. OANDA:XAUUSD
Jpy
WEEKLY RECAP - Week 1, 2025The most important thing to reflect on each week is NOT your profit and loss balance.
Instead, reflect on these three questions:
- Did I follow my core habits for success?
- Am I ready to let my attachments from last week go?
- Am I focusing on this current moment, or a destination I'm trying to reach?
I won't put a whole lot of words here. It's all in the video, but here are the three setups from last week, and here is my notion journal so you can follow along.
USDJPY
EURUSD
EURUSD
Notion Journal
Enjoy the ride,
-Gio
Bullish rise?EUR/JPY has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 159.37
1st Support: 157.99
1st Resistance: 161.51
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Overlap resistance ahead?AUD/JPY is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 96.78
1st Support: 95.52
1st Resistance: 97.49
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?NZD/JPY has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 86.75
1st Support: 85.88
1st Resistance: 88.15
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 87.35.
We look to Sell at 87.35 (stop at 87.70)
Our profit targets will be 86.05 and 85.70
Resistance: 87.00 / 87.50 / 88.00
Support: 85.85 / 85.50 / 85.20
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Gold (XAU/USD) Near Key Resistance – Watching for Bearish ReversThis chart shows XAU/USD (Gold) on the 1-hour timeframe, highlighting a potential sell opportunity around the weak high zone near $2,810-$2,820.
Key Observations:
1. Bearish Confirmation Needed :
- The price is approaching a resistance zone within an ascending channel.
- A rejection or bearish confirmation (e.g., candle reversal, strong wick, or BOS downward) is needed before entering a short position.
2. Structure & Key Levels:
- Break of Structure (BOS) signals previous bullish momentum.
- Change of Character (ChOCH)** suggests a possible shift in trend.
- The weak high at the upper channel trendline indicates a potential reversal.
3. Potential Downside Targets:
- $2,797 – First key level of support.
- $2,770-$2,750 – Stronger demand zones.
- $2,741-$2,720 – Final deeper support area.
Trading Plan:
- Wait for bearish confirmation** before entering a sell.
- A breakdown of intraday support near **$2,797** would strengthen the bearish case.
- If price breaks above $2,820-$2,828, the bearish bias is invalidated.
USDJPY R2🔍 Technical Analysis of USD/JPY
📌 Overall Trend:
After a downward correction, the price has reached the 154.250 support zone.
A positive reaction at this level suggests a potential upward move.
A price gap is visible in the 156.000 - 156.400 range, which may lead to a price increase to fill the gap.
📈 Buy Trade Signal (Long Position)
🔹 Entry Conditions:
If the price holds the 154.250 - 154.400 support zone and bullish reversal candlesticks appear, a long trade is recommended.
The ideal entry range is 154.600 - 154.860.
🔹 Stop Loss (SL):
Below 154.250
🔹 Take Profit (TP):
First target: 155.860
Second target: 156.110
Third target: 156.400 (if the bullish momentum continues)
🔹 Risk Management:
If the price stabilizes below 154.250, reconsider the trade.
Breaking above 156.110 increases the likelihood of further bullish movement to fill the price gap.
✅ Final Conclusion:
If the price finds support at 154.250 - 154.400, a buy trade is favorable.
A breakout above 156.110 could lead to a further target of 156.400.
📌 Ensure confirmation through price action and candlestick patterns before entering the trade.
Bullish bounce?GBP/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 189.28
1st Support: 184.60
1st Resistance: 194.65
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 153.39
1st Support: 149.27
1st Resistance: 158.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?USD/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 155.69
Why we like it:
There is a pullback resistance level.
Stop loss: 156.61
Why we like it:
There is an overlap resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 154.19
Why we like it:
There is a pullback support level.
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Forex Market AnalysisUSD with a failed 2D week to go 2-2 rev to the upside and take out pivot highs. This occurs at the same time as the EURO looking weak with the most interesting of the 3 charts. EURO with the potential 2-1-2D week after clearing Motherbar highs two weeks ago and now giving us the actionable signal back through to motherbar lows. Price was stuck in the motherbar range for 8 weeks before taking out highs. Now looking to make a sharp move back through that motherbar range to the lows. YEN with the successful 2-2 rev week that has given us a clear BF if we were to drop to the daily TF. YEN with TFC supporting more upside, and being closer to 2-2 continuation rather than 2-2 rev. Not as interesting as USD and EURO at the moment, but definitely will be noted as I am mainly watching anything EUR/X for downside, and USD/X for upside. Side note: GBP and AUD both bearish weekly's but not as interesting as other currencies right now. Main pairs to watch this week :
Bull:
USD/JPY- (Daily PMG to the upside could be a huge early week mover)
USD/CAD - Daily hammer 2-2 for BF expansion
Bear:
EUR/USD (2-2 Week, Gorgeous weekly BF)
GBP/USD - Weekly 2-2 to the downside. Larger ATR than most others
AUD/HKD - shooter 2-2 Daily, Inside week. Check the Daily BF (Wow)
Neutral:
AUD/CAD - 3-1 Daily and inside week
AUDJPY: 2 month range calls for a reboundAUDJPY is neutral on its 1D technical outlook (RSI = 45.920, MACD = -0.220, ADX = 20.692) as it is trading inside a Rectangle pattern. The price hit the pattern's bottom yesterday and today is rebounding towards the 4H MA50, already hitting the 0.382 Fibonacci retracement level. Such rebounds have always reached the 0.786 Fib at least, so with the 4H RSI also rebounding perfectly from the oversold area, we expect to test the 0.786 Fib again (TP = 98.385).
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**Gold (XAUUSD) Bullish Breakout Setup – Targeting $2,818** **Gold (XAUUSD) 1H Chart Analysis:**
- **Current Price:** Around **$2,800.29**
- **Key Resistance:** **$2,818.05** (Potential target zone)
- **Spot Zone:** Previous resistance turned support around **$2,790**
- **Recent Price Action:**
- Gold broke above a key resistance level (now acting as support).
- Price faced a **minor rejection** but is consolidating, potentially forming a bullish continuation pattern.
- **Forecast:**
- If price holds above **$2,790**, consolidation could lead to a breakout toward **$2,818**.
- A strong breakout above **$2,818** could signal further upside momentum.
- A rejection from this level might result in a pullback to **$2,790** support.
Overall, bullish sentiment remains strong unless price drops below **$2,790**.
EURJPY setbacks to be capped by a previous low?EURJPY - Intraday expiry
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
We look for a temporary move lower.
Further upside is expected although we prefer to buy into dips close to the 160.90 level.
We look to Buy at 160.60 (stop at 159.83)
Our profit targets will be 163.58 and 164.10
Resistance: 162.00 / 163.80 / 166.70
Support: 160.55 / 159.10 / 157.05
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bearish drop?GBP/JPY is rising towards the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 192.49
1st Support: 190.55
1st Resistance: 193.70
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
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Bullish rise off major pullback support?EUR/JPY has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance.
Pivot: 159.86
1st Support: 158.69
1st Resistance: 161.22
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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Potential bearish drop?AUD/JPY is rising towards the pivot and could drop to the 1st support.
Pivot: 96.78
1st Support: 95.71
1st Resistance: 97.49
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
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USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 154.300 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 154.300 support and resistance area.
Trade safe, Joe.
Gold (XAUUSD) 1H Chart Analysis: - **Breakout Confirmation**Gold (XAUUSD) 1H Chart Analysis:**
- **Breakout Confirmation:** Price has broken above a key resistance zone, indicating bullish momentum.
- **Retest Zone:** A potential retest of the breakout area may confirm support before continuation.
- **Targets:**
- **1st Target:** 2,772 zone.
- **Last Target:** 2,783–2,784 zone.
- **Market Structure:**
- Multiple **Break of Structure (BOS)** and **Change of Character (ChoCh)** signals bullish strength.
- Rounded retest pattern supports a continuation towards the targets.
- **Key Watchpoint:** If price holds above the breakout zone, the bullish move remains valid; otherwise, a failed retest could lead to a pullback.
BTC/USD Analysis (4H Chart) BITSTAMP:BTCUSD **BTC/USD Analysis (4H Chart)**
- **Current Price:** ~$105,331
- **Major Resistance Zone:** Around **107,500 - 110,000**
- **Major Support Zone:** Around **97,500 - 98,000**
- **Key Pattern:** A possible **cup & handle formation** is forming, suggesting bullish momentum.
**Bullish Scenario:**
- BTC is approaching a key resistance zone. If price **breaks above 107,500 with strong volume**, it could push toward **112,300**.
- A successful retest of the resistance as support would confirm the breakout.
**Bearish Scenario:**
- If BTC fails to break resistance, it may retrace back to the **ascending trendline (~102,000-103,000)** or even the **major support zone (97,500-98,000)** for a potential bounce.
**Conclusion:**
- BTC is at a **critical breakout zone**.
- **Break & retest above 107,500 → bullish continuation toward 112,300+.**
- **Rejection → Possible pullback to trendline or support zone.**