Gold Outlook: From Resistance Rejection to Bullish Revival1. Recap of Yesterday's Expectations
In my previous analysis, I highlighted the 3340–3350 zone as key resistance and suggested that any rise into that area could give sellers a better entry.
✅ Indeed, price rallied into that zone and was rejected, validating the plan.
2. What Happened Next?
After rejecting the resistance, gold touched 3300 again, but again, the bulls stepped in:
🔹 A higher low formed compared to the previous day.
🔹 This suggests the market is now shifting its structure from down to potential up.
3. Why 3300 Looks Like the New Floor
Several bullish clues:
- The quick bounce back to 3330 shows buying power.
- Price structure is developing a series of higher lows.
- This suggests growing confidence from buyers.
4. Trading Plan
🔸 A break above 3340 would confirm bullish momentum and open the door toward 3400 again.
🔸 Any dives toward 3300 should now be viewed as potential buying opportunities.
5. Final Thoughts
The market is telling a story of bullish pressure building under 3340 and potential break back above.
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Signals
Lingrid | BTCUSDT support Bounce After Flag Pattern BreakoutBINANCE:BTCUSDT recently rebounded from the intersection of the upward channel and horizontal support near 103,705 after a false breakdown from the flag pattern. The price is now challenging the downward trendline from above, hinting at a potential breakout. A sustained move above this zone may open the path toward the 108,800 resistance.
📈 Key Levels
Buy zone: 103,500–104,000
Buy trigger: breakout and close above 105,600
Target: 108,800
Sell trigger: close below 103,000
💡 Risks
Rejection from the downward trendline could revive bearish pressure
Sideways consolidation under resistance weakens momentum
A break below the channel base may invalidate the bullish setup
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BITCOIN LOCALLY OVERBOUGHT|SHORT|
✅BITCOIN will soon retest a
Key resistance level of 112,000$
Which is an all-time-high
And the coin is locally overbought
So I think that the price will make a pullback
And go down to retest the demand level below at 109,000$
SHORT🔥
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GBP-CHF Wait For Breakout! Buy!
Hello,Traders!
GBP-CHF formed a bullish
Triangle pattern so we are
Locally bullish biased and
IF we see a bullish breakout
Our bullish bias will be
Confirmed and we will be
Expecting a further
Bullish continuation
Buy!
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GBP_NZD GROWTH AHEAD|LONG|
✅GBP_NZD went down to retest
A horizontal support of 2.2346
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above 2.2449
LONG🚀
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EUR-AUD Potential Long! Buy!
Hello,Traders!
EUR-AUD made a retest
Of the horizontal support
Around 1.7480 and we are
Already seeing a bullish rebound
So a further move up
Is to be expected
Buy!
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EUR_NZD WILL GO UP|LONG|
✅EUR_NZD fell down sharply
But a strong support level was hit at 1.8820
Thus as a rebound is already happening
A move up towards the target of 1.8923 shall follow
LONG🚀
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GBPNZD Ready to Flip? Key Reversal Zone in Play🔹 1. Price Action and Technical Structure
Price is currently at 2.2405, declining from the recent high in the 2.26–2.28 area.
The pair completed a descending channel with potential for reversal. A bullish reaction is taking place from the 2.2280–2.2170 demand zone, supported by previous volume spikes.
The RSI is falling, nearing oversold territory but not yet at extreme levels.
Possible technical scenarios:
Bullish: Recovery toward 2.2560–2.2600, with a potential breakout above recent highs.
Bearish: A break below 2.2170 could trigger further downside toward 2.2000 and 2.1800.
🔹 2. Seasonality (June)
NZD
June tends to be slightly positive for NZD (average: +0.0011 over 20 years), with consistent monthly patterns.
GBP
June is historically neutral to negative for GBP (average: +0.0015 over 20 years, but negative over 5 and 2 years).
➡️ This implies a seasonal edge for NZD over GBP.
🔹 3. Retail Sentiment
60% of retail traders are long on GBPNZD.
40% are short, but long positions average 2.1874, currently in profit.
➡️ This presents a mild contrarian bearish pressure, due to crowding on the long side.
🔹 4. Commitment of Traders (COT) – Institutional Positioning
GBP (as of 2025-06-03)
Commercials Net Long: +74.5K
Non-Commercials Net Short: -11.3K
Weekly changes: +30.3K longs vs. +32.6K shorts
➡️ Moderate balance, but growing speculative short interest.
NZD (as of 2025-06-03)
Non-Commercials Net Short: -23.6K
Strong weekly increase in commercial longs (+6.4K) and total long flows
➡️ NZD is seeing renewed interest from commercial players — a potential bullish signal.
🔹 5. Trading Outlook
📌 Current Bias: Neutral with short-term bearish tilt, but medium-term bullish reversal risk rising.
➤ Potential setups:
Conservative Long Entry: On bullish confirmation at 2.2170 (double bottom or bullish engulfing), target 2.2560–2.2600
Aggressive Short Entry: On pullback to 2.2490–2.2560, with stop above 2.2620, target 2.2280–2.2170
🎯 Seasonal and institutional factors favor NZD strength, but technical structure calls for caution and confirmation.
EUR-CHF Local Short! Sell!
Hello,Traders!
EUR-CHF is making a rebound
And will soon hit a horizontal
Resistance level of 0.9400
From where we will be
Expecting a local bearish
Pullback and a move down
Sell!
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DXY: Target Is Up! Long!
My dear friends,
Today we will analyse DXY together☺️
The market is at an inflection zone and price has now reached an area around 98.471 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 98.594.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
GOLD: Move Up Expected! Long!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,330.13 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 3,332.32.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
EURUSD: Local Bullish Bias! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 1.14158 will confirm the new direction upwards with the target being the next key level of 1.14327 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
SILVER: Absolute Price Collapse Ahead! Short!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 36.640 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
NASDAQ Initiated a standard short-term Bull Cycle.Nasdaq (NDX) has been trading within a Channel Up ever since the November 2008 bottom of the U.S. Housing Crisis. The recent Trade War correction that started early this year, bottomed just before the 1W MA200 (orange trend-line) and rebounded.
As this chart shows, every break below the 1W MA50 (blue trend-line) has technically started a new Cycle. During this 16-year pattern, we have seen two types of Cycles, a short (blue Rectangle) and long (green Rectangle).
Based on the sequence since the start of the Channel Up, the index should have now just initiated its new short Cycle. Both previous ones peaked on the 1.786 Fibonacci extension before a correction below the 1W MA50 again. As a result, we expect to see 28000 at least before the next meaningful technical correction.
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EURUSD Buy the next dip and target 1.17700The EURUSD pair has been trading within a Channel Up pattern and is currently on its 2nd Bullish Leg that hasn't yet been completed.
It does print an identical price action to the 1st Bullish Leg of the pattern, having already made its first pull-back near the 0.382 Fibonacci retracement level and is now rising for the 2nd rejection.
Our plan is to buy the next dip and target 1.17700, which is the -0.136 Fibonacci extension, the level where the 1st Bullish Leg topped.
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XAUUSD rising while Inflation dropping. Historically BULLISH!Gold (XAUUSD) has been practically on a non-stop aggressive rise since the late 2022 Low. What's more interesting is that during this 2.5-year Bull run, the U.S. Inflation Rate (red trend-line) has been on a sharp decline, which is something you wouldn't traditionally expect out of a save haven asset like Gold.
On the contrary, Gold has been historically used as a hedge against high inflation, so when Inflation drops, you would have technically expected for Gold to drop too (and vice versa).
Since 1970, there have only been another 4 (relatively long) time periods when Inflation declined while Gold increased. On all occasions, Gold extended the rise by at least 1 year even when Inflation reversed.
In our opinion, the current divergence looks more like 1970 - 1972 and 2008 - 2009. This suggests that Gold is still within a Bull Cycle and has some more room to rise before a new Bear Cycle starts. Long-term we remain bullish on Gold.
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USOIL Will Go Down From Resistance! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 64.869.
The above observations make me that the market will inevitably achieve 63.448 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USDCHF Will Go Higher! Long!
Please, check our technical outlook for USDCHF.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.821.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.832 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPJPY Will Move Lower! Sell!
Here is our detailed technical review for GBPJPY.
Time Frame: 15h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 195.681.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 193.757 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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