XAUUSD Cup and Handle targeting 3030.Gold is about to complete a Cup and Handle pattern on the (1h) time frame.
The buy confirmation will be a break above Resistance (1).
Trading Plan:
1. Buy after the break out happens.
Targets:
1. 3030 (the 2.0 Fibonacci extension).
Tips:
1. A Golden Cross (1h) has just been completed. Last time it happened was on January 2nd and was a strong buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Community ideas
Litecoin (LTC): Possible Recovery of 30%Litecoin has recently done another liquidation movement where usually we have had a similar move of recovery.
That's what we are looking for: a recovery to upper zones where the first target is going to be the EMAs and the second one would be the upper resistance zone (the region around it).
Swallow Team
Gold - A Bullish Close Would Be Insane!Gold ( TVC:GOLD ) has to close bullish now:
Click chart above to see the detailed analysis๐๐ป
Just since the end of 2022, Gold rallied about +80% which is simply unbelievable looking at the already significant market cap of the precious metal. However this bullrun does not seem to be over and if Gold confirmes the trendline breakout, another rally of +40% will follow soon.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
Goldโs Three Soldiers Pattern Signal: A Strong Rally Ahead?Gold ( OANDA:XAUUSD ) is breaking the Resistance zone($2,930-$2,916) and the Neckline of the Inverse Head-and-Shoulders Pattern .
According to the Elliott wave theory, the Zigzag Correction(ABC/5-3-5) is over, and we must wait for the next impulse wave .
Also, the Three Soldiers Candlestick Pattern is a good sign to break the Resistance zone($2,930-$2,916) and neckline .
I expect Gold to rise to at least $2,953 , if the Resistance zone($2,957-$2,940) is broken, we should wait for Gold to rise to the Potential Reversal Zone(PRZ) .
Do you think Gold can make a new All-Time High(ATH)?
Note: If Gold goes below $2,887, it should expect more gold Dumps.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Schlumberger Has Been SlidingSchlumberger has been sliding for more than a year, and some traders may see further downside risk.
The first pattern on todayโs chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below the line in late January and spent all of February below it. That may be viewed as a bear flag breakdown.
Second, SLB made a higher daily high in a failed rally on Monday. But then it crossed below Fridayโs low. The resulting bearish engulfing candle may suggest that sellers remain in control.
Third, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. Such a configuration is potentially consistent with bearishness over the longer run.
Flipping to the short run, traders may also see bearish patterns: The 8-day exponential moving average (EMA) has crossed below the 21-day EMA and MACD has been falling.
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Gold Holds Support โ Is a Break Above $2,925 Coming?Yesterday, Gold pulled back from the 2,925 resistance zone, but the bulls regained control at support, leading to price consolidation.
As mentioned in my previous analysis, as long as Gold holds above support, the likelihood of a renewed bullish move remains high.
Currently, with the price hovering just below resistance, a breakout could be imminent.
Additionally, as shown in the posted chart, an inverted head and shoulders pattern is forming.
A confirmed breakout above 2,925 would validate this pattern, potentially driving Gold to a new all-time high.
The measured target for this pattern is 3,030, indicating further upside potential beyond the 3,000 level.
Keep in mind the old ATH as resistance and 3k psychological level
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
AUD/USD Update - Correction Then Continue "LONG"How I see it:
78.60% FIB @ 0.63607
Potential Correction - "SHORT"
TP 1 = 0.62550
and / or
If key support @ 62350 Holds - Continue "LONG"
TP 1 = 0.64080
Keynote:
Pair shows quality bullish strength at this time.
Price can also just power on to 0.64000 or beyond, with only minor dips
until a key resistance is reached.
This will indicate a much higher TF FIB is required.
I will update and calibrate as required.
Thank you for taking the time to study my analysis.
ETH/USDT 1H: Bullish Momentum โ Next Target $2,520?ETH/USDT 1H: Bullish Momentum โ Next Target $2,520?
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Current Market Structure (Confidence 8/10) :
Price: $2,220, confirming a bullish structure from the discount zone.
Hidden bullish divergence confirmed on RSI (58.46), supporting upward momentum.
Market Makers (MMs) engineered a liquidity grab at $2,040, indicating strong accumulation.
Clean break above equilibrium at $2,200, signaling continuation.
Trade Recommendation:
Entry: Current price ($2,220) or pullback to $2,180.
Targets:
T1: $2,360
T2: $2,480
T3: $2,520
Stop Loss: $2,160 (below equilibrium zone).
Risk Score:
8/10 โ Strong risk-to-reward setup with clear invalidation.
Market Maker Activity:
Accumulation phase complete at the $2,040 zone.
Currently engineering moves toward the premium zone ($2,520).
Likely targeting shorts above $2,360 before the next push.
Smart Money Insight:
Institutional accumulation is evident, with clear buying pressure.
Structure suggests another leg up, but traders should monitor resistance near $2,520 in the premium zone.
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Bitcoin Dominance Bitcoin dominance ( CRYPTOCAP:BTC.D ) has been stagnant lately, partly due to rising stablecoin dominance.
BTC pairs are holding up better than before, hinting at seller exhaustion or a delayed reaction.
I believe altcoins will outshine BTC on its next big move; otherwise, both will keep drifting lower.
GBPUSD TECHNICAL ANALYSIS FOR SELL*GBP/USD Technical Analysis For Sell Zone:*
The GBP/USD pair is currently trading at 1.29k, approaching a key selling zone and resistance level at 1.3k.
*Selling Zone and Resistance:*
- *1.3k:* This level has been identified as a strong selling zone and resistance, where sellers are likely to enter the market and push prices lower.
*Support and Take-Profit (TP) Levels:*
- *1.25549:* This level is a strong support, where buyers may enter the market and push prices higher. TP level: 1.26500.
- *1.23683:* This level is another key support, where buyers may look to enter the market and push prices higher. TP level: 1.24500.
- *1.2k:* This level is a psychological support, where buyers may look to enter the market and push prices higher. TP level: 1.21000.
GBP/USD has dropped below 1.2900 due to a cautious market mood, despite the US Dollar consolidating weekly losses amid economic slowdown concerns. The pair's decline is attributed to the market's focus shifting to US data, including mid-tier jobs data and Fedspeak ยน.
Several key factors are influencing GBP/USD, including:
- *US Data*: The US Department of Labor will release the weekly Initial Jobless Claims data, with markets expecting a decline.
- *Fedspeak*: Investors will be watching for comments from Federal Reserve officials.
- *BoE Commentary*: The Bank of England's hawkish commentary, particularly from policymaker Megan Greene, has supported the Pound Sterling.
- *Trump's Tariffs*: The US President's decision to grant exemptions from tariffs has improved risk mood, but concerns remain about the economic impact.
GOLD fluctuates strongly, affected by ADP and Trump's policiesOANDA:XAUUSD Spot trading fluctuated strongly due to the impact of US jobs data and news of Trump's tariffs.
ADP's national jobs report, also known as the "small nonfarm" report, showed that private-sector job growth in the United States slowed in February, with just 77,000 jobs created, well below the expected 140,000 jobs.
"Policy uncertainty and slowing consumer spending may have contributed to a slowdown in layoffs or hiring last month."
ADP chief economist Nela Richardson said in a statement. "Our data, combined with other recent indicators, shows that employers are hesitant to hire as they assess the future economic environment."
After the ADP data was released, the US Dollar index fell sharply, and spot gold prices recovered strongly from the lowest level in Wednesday's trading session of 2,894.27 USD/ounce. As of the time this article was completed, spot gold was trading at 2,923USD/oz, an increase equivalent to 0.15% on the day.
WASHINGTON (Reuters) - U.S. President Donald Trump will waive tariffs on Mexico and Canada for one month for automakers, responding to calls from industry leaders, the White House said on Wednesday.
"We will give a one-month exemption to any imported cars that come in through USMCA," White House press secretary Karoline Leavitt said. "The tariffs will still be in effect on April 2, but at the request of the USMCA companies, the president will give them a one-month exemption so they are not financially disadvantaged."
According to Bloomberg, US President Trump is considering reducing tariffs on some agricultural products from Canada and Mexico. On Wednesday local time, US Secretary of Agriculture Brooke Rollins said "everything is on the table" and hoped the government would decide to provide relief to the agricultural sector.
Specific waivers and exceptions for the agriculture industry, which could include potash and fertilizers, have not yet been determined, Rollins said at the White House. โWe believe that the President (Trump) cares very much about these communities,โ Rollins said at the White House.
On the geopolitical front, aides to Ukrainian President Volodymyr Zelensky discussed steps toward peace with the U.S. national security adviser, and Ukraine and the United States agreed to meet soon. The cooling geopolitical situation in Ukraine can be seen as a pressure on gold prices in the short term.
Analysis of technical prospects for OANDA:XAUUSD
Concerns about Trump's tariffs have pushed safe-haven gold prices to an all-time high 11 times this year, peaking at $2,956 an ounce on February 24 and rising 11% this year.
On the daily chart, gold is currently trading with a newly formed price channel, and the next notable target level at $2,942 is more of an all-time high. However, in terms of momentum, it is facing some obstacles due to the 61 level of the RSI Relative Strength Index. If RSI breaks above this level, this will be a positive signal for price momentum.
Even if gold falls below the price channel, it still has a bullish outlook, the current declines should still only be seen as a short-term correction or a buying opportunity.
Some notable locations of the day will be listed as follows.
Support: 2,900 โ 2,880USD
Resistance: 2,942 โ 2,956USD
SELL XAUUSD PRICE 2943 - 2941โก๏ธ
โ โ Stoploss 2947
โTake Profit 1 2935
โจ
โTake Profit 2 2929
BUY XAUUSD PRICE 2877 - 2879โก๏ธ
โ โ Stoploss 2873
โTake Profit 1 2885
โจ
โTake Profit 2 2891
XAUUSD: Riding the Trade War Wave: Will We See New Highs?Hey Realistic Traders, Will OANDA:XAUUSD See New All-Time High Soon? Let's dive into the analysis...
Analyzing XAUUSD price movements using Elliott Wave Theory suggests a possible significant upside in Wave 5. Wave 3 previously didn't go beyond the 1.618 Fibonacci extension, classifying it as a normal wave. Wave 4 then retraced to around the 0.618 Fibonacci level, forming a bullish descending broadening wedge pattern.
The breakout from this descending broadening wedge on the 1-hour chart, combined with a golden cross in the MACD indicator, indicates the potential start of Wave 5. Since Wave 5 is expected to be extended, its movement might be greater than Wave 3. However, we conservatively expect the extended Wave 5 to reach a maximum of the 0.786 Fibonacci level.
Based on these technical indicators, the price is projected to rise towards the target of 2950, and possibly the second target at 2969, as long as it stays above the critical stop loss level of 2900.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold".
USDJPY
Trading Symbol: USDJPY
Timeframe: 15 minutes (15m)
Overall Review:
The USDJPY chart on the 15-minute timeframe indicates that the price is in a downtrend.
The price appears to be consolidating near the support level.
Key Points:
Resistance Levels:
The main resistance is around 147.624. This level acts as a ceiling, and the price may decrease if it encounters this area.
The next resistance is around 148.000, which is a significant psychological level.
Support Levels:
The primary support is around 147.000. This level acts as a floor, and the price may increase if it reaches this area.
The next support is seen around 146.500, which could be the next target for sellers if the previous support is broken.
Possible Scenarios:
Bearish Scenario:
If the price fails to break through the resistance level of 147.624 and decreases after encountering this area, there is a possibility that the downtrend will continue to the support level of 147.000.
Traders can consider selling near the resistance and after receiving confirmation, while practicing risk management.
Bullish Scenario:
If the price can break through the resistance level of 147.624 and consolidate, there is a possibility of the price increasing to the 148.000 level.
Traders can consider buying after the resistance is broken and a pullback occurs, while practicing risk management.
Recommendations:
Always practice risk management and use stop-loss orders.
Before entering a trade, review fundamental factors and news related to USDJPY.
Keep in mind that the forex market is very volatile, and analyses may change in the short term.
Note: This analysis is just a perspective and should not be considered financial advice. Always do your own analysis and consult with a financial advisor before making trades.
GBP/USD: 6/3/25Trend: Bullish
Bias: Bullish
Key area: 1.29152 , price has rejected that zone and formed a wick, which means this price is acting as major resistance.
Safe Longs: A break and closure above 1.29152
Aggressive Longs: 1.28490
Confluence: Price is still uptrending and has no signs of bullish exhaustion. A break above the current resistance gives a clean traffic to the left side, from daily timeframe.
Grass Super LONG 11.2RR potentialI just went long on grass. Even did a quick scan of the project and seems pretty cool. Its in the Ai narrative and combines defi. Allows people to farm grass or mine grass token in exchange for their computing power.
Price action wise though I notice its been trending strongly up and was monitoring it for a little while.
I think if it manages to close back above $2.50 area then its gonna take off tonight.
The targets I have on my chart are potential take profit points but I'll do my best to shoot for the stars at $4.00 It depends on the price action though and my job is to follow my plan...buy yeah..If you follow me me this is one of them trade to take a risk on....manage it though but this one is very good.
I follow a method called DTT that I developed. It stands for direction, Target and Timing and this setup follows DTT pretty much exactly. I also Teach DTT, if interested send me a dm or check out my X page.
GOLD| Uptrend Confirmed Above 2918 After CorrectionThe price has broken above the 2905 resistance level and is now consolidating, similar to what happened between February 25 and 27 in the same area. This suggests that the market is gathering strength before its next move. We can define a key zone between 2906 and 2918, where price movement is crucial. A breakout from either of these levels will determine the next direction. I expect a slight pullback to test support, followed by a strong upward push toward the next major resistance area.
Bearish target: 2904, 2879, 2858.
Bullish target: 2918, 2935, 2954
Traders, if you find this analysis helpful or have your own insights, drop a comment below! Iโd love to hear your thoughts!
GBP/USD - Institutional Backed Long Setup๐ Trade Execution & Technicals
Pair: GBP/USD
Timeframe: 15M
Trade Type: Long Position
Entry: 1.2816 โ Price rejected key Fibonacci retracement level (0.62 Fib) after a liquidity sweep
Stop Loss: Below 1.2800
Take Profit Levels:
TP1: 1.2862 (-0.27 Fib extension) โ
Target
TP2: 1.2883 (-0.62 Fib extension) โ
Target
Technical Confluence:
Fibonacci Retracement Levels: Price bounced off the 0.62 retracement (1.2816)
Market Structure: Higher low formation confirmed bullish continuation
Institutional Liquidity Grab: Price swept sell-side liquidity before reversing bullish
๐ Trade Outcome
โ
High-Probability Long Setup
Both TP1 & TP2 levels hit with strong bullish momentum
Risk-to-Reward Ratio (RRR) > 1:3
Price action confirmed bullish institutional positioning
๐ High-Impact News That Influenced GBP/USD
UK S&P Global Services PMI (Actual: 51.0 vs Forecast: 51.1) โ Slightly weaker, but still expansionary
US ADP National Employment (77K vs Forecast: 140K) โ Weaker than expected, USD pressured
BoE Treasury Select Hearing (Hawkish Bias) โ Supporting GBP strength
US ISM Manufacturing Prices & Business Activity Upcoming โ Expected to increase USD volatility
๐ก News Summary:
Weaker-than-expected US jobs data pressured the USD, providing momentum for GBP/USD upside
GBP remained resilient despite mixed PMI data, benefiting from USD weakness
๐ Volatility & Liquidity Insights
๐ Prime Market Terminal Key Data:
GBP/USD Average True Range (ATR):
1-week ATR: 0.81%
1-month ATR: 0.86%
Institutional Liquidity Insights:
High liquidity buildup in the 1.2800-1.2820 range, acting as support
Strong order flow pushing GBP/USD higher post-US employment data release
๐ฆ Institutional Positioning & Market Flow
๐ Commitment of Traders (COT) Data & Smart Money Insights:
Dealer Positioning:
GBP Net Positioning: +56,707 contracts (Bullish institutional sentiment)
USD Net Positioning: -11,542 contracts (Bearish outlook on USD)
Open Interest & Retail Sentiment:
Retail Short Bias: 72% Short, 28% Long โ Potential short squeeze
Smart Money Accumulation Zone: 1.2800-1.2820
๐ Conclusion
๐น Why This Trade Worked:
โ Liquidity Grab Below 1.2816 Before Reversal
โ Institutional Positioning Confirmed Bullish Momentum
โ Weaker US Jobs Data Weighed on USD, Pushing GBP/USD Higher
๐ Next Steps:
Monitoring 1.2860 for continuation towards 1.2900 key level
Watching upcoming US ISM data for potential volatility spike
๐ฅ Whatโs your outlook on GBP/USD? Comment your thoughts below!
Do you know the calm before the big wave of BTCUSD?At present, the BTCUSD market is in a calm before the wave, which is nothing more than the release of the next non-agricultural data and the subsequent Fed meeting. Every trader knows the importance of this impact. Of course, this fluctuation may present large-scale trading opportunities. Every trader should be aware of it. During this period, trading must control risks.
From the analysis, BTC can focus on the resistance levels of 91500 and 92300 in the short term, and the support levels of 89600 and 88500 below.
Trading is risky, and positions should be controlled reasonably. The market changes rapidly, and accurate signals are based on real-time.
Grasp the accurate trading signals, when to buy and sell, and seize large-scale profits, leave me a message. BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD INDEX:BTCUSD
ADA on the brink of a surgeCardano, after a pullback to the weekly descending trendline that it broke three months ago, is now on the verge of an upward movement. Considering President Trump's tweet regarding the United States' strategic reserve, I must say: experience has shown that news always comes in the direction of the movement.
EURJPY: Overbought Market & Pullback ๐ช๐บ๐ฏ๐ต
I see a local bearish reversal on EURJPY.
The price formed a tiny double top after a test
of the underlined supply zone.
We can expect a correctional movement at least to 106.26 level today.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
Gold price breakout โ Whatโs Next?The XAU/USD 2-hour chart reveals an exciting breakout from the previous downtrend channel, signaling a potential trend reversal. The 34 EMA and 89 EMA continue to provide solid support, while buyers are holding firm within the consolidation zone.
Two Key Scenarios Ahead:
โ
Case 1: If gold breaks out of this consolidation box, we could see a strong bullish continuation toward $2,950 - $2,970, and possibly even higher.
โ ๏ธ Case 2: However, if price fails to sustain above this range, a retracement to $2,880 - $2,850 is on the table.
With geopolitical tensions rising and economic uncertainty driving investors toward safe-haven assets, will gold break higher, or are we in for a deeper pullback?
๐๐ Whatโs your outlook on gold? Bullish or bearish? ๐๐
XAUUSD H4 | Bearish ContinuationBased on the H1 chart analysis, the price is testing our sell entry level at 2923.75, an overlap support.
Our take profit is set at 2895.71, an overlap support.
The stop loss is placed at 2940.96, a swing high resistance.
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