Beware of the bull trap in gold.
📊Technical aspects
Gold fell to 3330 and then began to rebound. After the release of the US CPI data, gold rose rapidly. This is the time to test human nature and the true understanding of the market.
Is it the bulls coming or the positives being realized and the market continues to fall? Then many people may see the big rise and start chasing the rise, and then the market will once again make a big reversal as if it is a joke.
After the release of the US CPI data, gold continued to short at 3360-65. Gold fell as expected. Gold fell as it went up. This shows that the above section was a market that lured more buyers. The rebound will continue to be mainly short.
Since gold is now tempting to buy, it means that the main trend of gold is still short, so the rebound will continue to be short.
Gold closed with a long upper shadow in 1 hour, so gold is still a strong resistance area above 3350. The upper shadow just happened to surge upward with the help of data, which is the so-called false breakthrough. Gold rebounded to 3350-60 in the US market and continued to be short.
💰 Strategy Package
This is the charm of the market. Some people are always wavering between ups and downs, while others can always grasp the turning points. However, the prerequisite is to be able to see the trend clearly and follow the trend.
Short Position:3365-3370,3370-3380
Trend Lines
Crude oil is expected to break through the $68.00 mark
💡Message Strategy
WTI crude oil futures prices soared during the European session on Wednesday (June 11), continuing Tuesday's gains, but failed to reach the important level of $66.45. Currently, bulls are focusing on whether they can clearly break through the technical resistance level to confirm the continued upward trend.
OPEC+ plans to increase production by 411,000 barrels per day in July, the fourth consecutive month of increase. Its impact on global supply may be weakened. Domestic demand in Saudi Arabia and other OPEC+ members may increase in the summer, helping to absorb the additional supply. According to Capital Economics, this internal consumption may support oil prices in the short term by offsetting the increase in supply.
China-US trade truce boosts risk appetite, but demand questions remain
WTI hit a seven-week high, reflecting the recovery of market risk appetite after the China-US trade negotiations. The two sides have agreed on a framework for restarting the trade truce and easing rare earth export restrictions, boosting market sentiment.
📊Technical aspects
Oil price forecast: Bullish bias strengthens above key resistance level
If the bears regain control, $64.50 will be seen as the near-term support. A successful break above $66.75 could open up space for the next major upside target near $67.50.
Supported by geopolitical tensions, easing trade concerns and stable demand fundamentals, the outlook for crude oil remains bullish, provided that WTI can close above $66.75.
If a breakout is confirmed, it may attract new buying and push prices towards the $68 mark. However, if the current gains cannot be maintained, oil prices may fall back to the $64.50 range.
💰 Strategy Package
Long Position: 64.50-65.00,65.00-65.30
GOLD → Strengthening and return to range. Focus on 3340FX:XAUUSD is forming a fairly strong support zone (a cascade within an upward line). The price is returning to the range, with bulls storming 3330-3340.
Markets are awaiting US inflation data (CPI), which may affect expectations for a Fed rate cut in September (chances are about 52%). Optimism following progress in US-China trade talks is supporting sentiment, but uncertainty remains due to a court ruling allowing Trump to maintain tariffs. This is holding back the dollar and helping gold. CPI forecast: 0.2% growth, core inflation 0.3%. Lower inflation, on the other hand, will support expectations of lower rates and strengthen demand for gold as a safe-haven asset.
Technically, gold is stuck between the boundaries of a symmetrical triangle. Overall, this situation is reflected in all markets. Consolidation is forming and the price could break out in either direction...
Support levels: 3301, 3330, 3340
Resistance levels: 3349, 3361, 3375
Focus on the boundaries of the previous range - 3330 - 3340. If the bulls, after the assault, manage to hold their ground above this zone, the market may take the initiative due to support and continue its growth towards areas of interest.
Best regards, R. Linda!
SOONUSDT → The coin that gets killed...BINANCE:SOONUSDT.P is under pressure. The coin looks extremely weak against the backdrop of a bullish market, with key support ahead, separating traders from the panic zone and a sharp decline
This coin is being killed. The price is gradually consolidating and compressing before support - the trigger is 0.2332. Against the backdrop of the overall decline that the market has experienced after a slight impulse from 0.2332, shocks are forming with the aim of capturing liquidity (red check marks). This generally indicates that large players are gathering a bearish position. A breakout of the risk zone will trigger panic and distribution.
Against the backdrop of growth in Bitcoin and the top 10 cryptocurrencies (bull market), the SOON coin is gradually declining and contracting towards key support, which could be broken accompanied by strong sell-offs.
Resistance levels: 0.2478, 0.25777
Support levels: 0.2332
If the coin continues to contract towards the 0.2332 support and form a pre-breakdown consolidation, there will be little chance of survival. In the short and medium term, I expect prices to fall.
Best regards, R. Linda!
AUDUSD → Correction after a false breakout before growthFX:XAUUSD continues to rise amid uncertainty surrounding the dollar, which continues to consolidate. The currency pair is preparing to test resistance at 0.6537
The dollar is stuck in place due to market uncertainty. At the same time, the Australian dollar is strengthening and is ready to test the liquidity zone
Within the current trend, the currency pair is heading towards resistance and the liquidity zone. We opened far away, and as we move towards the target, the potential for further growth may end. A false breakout of 0.6537 could trigger a correction
Resistance levels: 0.6537
Support levels: 0.6509, 0.6479
A sharp move towards resistance without the possibility of further growth could cause a false breakout of 0.6537. Price consolidation below this level could trigger a correction before growth.
Best regards, R. Linda!
ETHEREUM → Consolidation amid a bull marketBINANCE:ETHUSD is consolidating in the range of 2400-2750, and locally, the coin looks quite promising even against the backdrop of Bitcoin forming a correction...
ETH is forming a strong consolidation within which it confirms a bullish market structure. After a false breakout of resistance, there is no sharp decline and the price returns to retest resistance.
If the bulls hold their defense above 2530-2550, then in the short and medium term, ETH may demonstrate growth towards the intermediate target.
Resistance levels: 2738, 2855
Support levels: 2525, 2470, 2400
A retest of support at 2525 - 2470 is possible, and if the price holds above this support zone, ETH may try to surprise us. There are good chances for growth.
Best regards, R. Linda!
Insist on shorting gold on ralliesToday we made a total profit of 350 pips in 2 short trades. First, we shorted gold near 3345, and when gold fell to around 3330, we manually closed the order to lock in profits; the second time, gold rebounded sharply with the help of CPI data, and we seized the opportunity to short gold again near 3360, and ended the transaction by hitting TP: 3340. We accurately grasped the profit of gold shorting.
At present, gold is in a narrow range of fluctuations near the 3330 mark. Relatively speaking, gold is still in a weak position. Although gold has rebounded sharply with the help of the positive CPI data, it has shown a long upper shadow in the candle chart due to the rapid retracement, which has strengthened the resistance above and limited the rebound space of gold in the short term. In addition, the morphological structure shows signs of building a head and shoulders top structure. The resistance area in the short term is 3345-3355; followed by 3360-3370. Although gold is currently in a narrow range of fluctuations near the 3330 mark, it does not show obvious signs of support. It is easy to fall below the area near 3330 in a weak situation. The relatively strong support is in the 3320-3310 area, followed by the area near 3300-3290.
So for short-term trading, I still advocate taking the 3345-3355 area as resistance first and continue to short gold!
Bitcoin: Temporal ST FibsSo we have consecutive 2 rejections after registering Lower High on bigger scale..
Research Notes
Hypothetically, if it's about to fall based on similar flow of market reactions forming on top then this would be the closest fractal for bearish scenario.
Should be perceived as squeezed version of historic pattern. Not to scale on price axis solely, as increase in volatility can accelerate replication rate at places. The value is in temporal aspect like frequency of reversals.
To be sure I'd add a curve that describes current growth on smaller scale, and which could later on indicate a turning point.
Crossing under would confirm a scenario of bearish continuation.
Experiment
If we connect highs and map it to the local bottom, would the dimensions of original wave carry any structural significance?
Original Fib Channels (price oriented)
Temporal Fibs Sharing common coordinate to define them.
Yet to evaluate this approach for structural buildup. Fibs Channel lines are extended upwards in order to capture the reactions at any scenario.
DXY Ready to Reload? Eyes on 99.100 as Tariff Tensions Ease!!Hey Traders, In tomorrow's trading session, we're closely monitoring the DXY for a potential buying opportunity around the 99.100 zone. After trending lower for a while, the dollar index has successfully broken out of its downtrend and is now entering a corrective phase.
We’re watching the 99.100 support/resistance area closely, as it aligns with a key retracement level making it a strong candidate for a bullish reaction.
On the fundamental side, Friday's NFP data came in slightly above expectations, which is typically USD-positive. In addition, recent Trump-led de-escalation in U.S.-China tariff tensions is another supportive factor for the dollar.
Trade safe, Joe.
S&P500 is Nearing an Important Support of 5,960!!!Hey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5,960 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5,960 support and resistance area.
Trade safe, Joe.
How to arrange the gold price in the evening? Go long at 3330📰 Impact of news:
1. CPI data is profitable
2. The US CPI rose slightly in May, and Trump's tariff effect has not yet fully emerged
📈 Market analysis:
The trend line position of the 4H chart coincides and resonates with the middle track of the Bollinger Band, with 3326 as the watershed reference. This is why it is difficult to break below this point after repeated tests. Once it breaks below, the short-term trend is likely to fluctuate from strong to weak. However, the current support below is still strong at 3330-3326. The repeated rise and fall of data during the day also stopped the decline at this point. If the price does not lose here, the pattern of strong fluctuations will remain unchanged, and the bulls will gradually regain lost ground. At present, it is time for space. The operation suggestion for the future market is to continue to rely on the bullish trend above 3330, and 3330-3326 can be flexibly entered. At the same time, the RSI indicator is above 50 and there is still some space from the overbought zone. The signal is given that 3360, although the long upper shadow line K is closed, is very likely not the short-term top. After the sharp rise and fall in 1H, it went sideways and waited for the next wave of strength. If the night close is above 3326, the upper area will probably be 3350-3360. If the price can break through and stabilize this level, the upward pace will most likely accelerate to reach 3370-3380.
🏅 Trading strategies:
BUY 3330-3326
TP 3350-3360
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
Gold rebound is still a short-selling opportunityFirst of all, let's take a look at why the market is still not reversing after a big rise, and there is a rapid rise and fall?
The data is bullish, and gold is rising rapidly, but we should pay attention to the sustainability of the rise, and secondly, the current trend direction. The overall trend of gold is still fluctuating downward recently, so even if the data is bullish, it is likely to just give an opportunity to "go high and short".
Although gold performed strongly after the data was released, it began to fall under pressure at the 3360 line, the trading concentration area of the last box shock, indicating that the bulls' volume is still not enough to break through the upper resistance. It is reasonable to rise and fall.
Since gold is currently in a market that is tempting to buy more, it means that the main trend is still bearish. The rebound is still dominated by short selling. The gold 1-hour cycle closed with a long upper shadow, indicating that the upward attack is weak, indicating that the area above 3350 is still a strong pressure area. This upward rush is just a short-term effort with the help of data benefits, which is a typical false breakthrough. Therefore, gold rebounded to the 3350-3360 area in the US market, and it is still dominated by high shorts.
This is the charm of the market - some people are always hesitant in the ups and downs, while others can always grasp the key turning points. The premise is to be able to see the trend clearly and follow the trend.
Don't be led by the market, but understand: Is the current fluctuation a trap or an opportunity?
If the direction is wrong, the effort will be in vain; if the direction is right, you will get twice the result with half the effort.
Don't make excuses for failure, just find ways to succeed. Have you found it?
All recent trading strategies and ideas have been realized, and the point predictions are accurate. If your current gold operation is not ideal, we hope to help you avoid detours in your investment. Welcome to communicate with us!
Analysis of Trades and Trading Tips for the GBP/USDThe test of the 1.3614level occurred when the RSI indicator had already risen significantly above the zero line, which limited the pair's upside potential. For this reason, I did not buy the GBP/USD.
There has been progress in the trade negotiations between China and the United States: yesterday, both sides stated that consensus had been reached on the main issues. This breakthrough, the result of several months of intense discussions, gives hope for the stabilization of global financial markets. Though not disclosed in detail, the agreements likely included key issues such as the export of rare earth materials from China to the U.S. to China. Nevertheless, despite the optimistic statements, analysts advise against excessive enthusiasm. Previous negotiation rounds also ended with promises that were later unfulfilled. The key to success will be boss sides' ability to honor their commitments and show willingness for further concessions. The impact of this progress on the global economy is hard to overestimate. Reducing trade tensions could stimulate the growth of international trade, ease inflationary pressures, and bolster consumer confidence. However, risks remain, and the agreement's long-term outcome will depend on both countries' subsequent actions.
Today, we should pay attention to the speech by Philip Lane, a British Central Bank representative, as there are no macroeconomic releases from the the eurozone. Markets will closely monitor his rhetoric for hints regarding the central bank's plans on interest rates. Investors hope to hear more clarity from Lane about how the ECB intends to proceed with rates and whether the regulator plans further cuts this summer. Overall, Philip Lane's speech will be the key event of the day for financial markets. His comments may influence currency movements in the first half of the day. Investors are advised to watch his remarks closely and consider them in decision-making
TRXUSDT In the 1-hour timeframe BINANCE:TRXUSDT , it shows an overall upward trend that has recently experienced a price drop near the 0.2855 level but remains within the main upward channel. If the price stays above 0.2890, there is a likelihood of the upward trend continuing toward 0.2960.
Key Support and Resistance Levels:
Support: 0.2760, 0.2810, 0.2855
Resistance: 0.2890, 0.2927, 0.2960
⚠️Contorl Risk management for trades.
Potential Trend Reversal Identified: Detailed Technical Analysis1. The price was in a well-defined downtrend, as shown by the descending trendline (upper blue line) and a series of lower highs and lower lows. This remained valid until the recent movement that broke this structure.
2. A higher low has formed, suggesting a weakening of the downtrend. The price has broken the descending trendline (upper blue line), indicating a possible market structure shift. The horizontal yellow and red zones were previously acting as resistance. Price is now testing that area.
3. Higher highs and higher lows: This marks the beginning of a bullish structure.
4. The current structure indicates a reversal in progress, with a break of the downtrend line, a higher low, and support from the moving average. However, price is at a critical resistance zone. Reversal confirmation will come with: a) A clear and sustained breakout above resistance; b) A successful retest followed by a continuation upward; c) And increasing volume in buying pressure.
eHealth | EHTH | Long at $4.22eHealth NASDAQ:EHTH , the largest online private health insurance marketplace, may be undervalued. The book value is listed around $19 a share and it has a debt-to-equity of 0.07x (healthy), a quick ratio of 2.5 (strong liquidity, can cover liabilities), growing revenue since 2021 (over $500M in 2024), and insiders have recently bought shares/awarded options. However, profitability is still a concern, but the company is expected to be profitable by 2026. With the US's aging population and the need for affordable healthcare coverage, eHealth *may* standout as a major insurance marketplace... but time will tell.
From a technical analysis perspective, the stock price is near the bottom of its historical simple moving average. I do not doubt, however, that the stock may slip to cover the small price gap between $3.09 and $3.23 (which will be another entry point if fundamentals do not change). This stock may trade sideways for some time. But it has a 27M float and as we saw in 2014 and 2020, it can REALLY get going if buyers see the opportunity...
Thus, at $4.22, NASDAQ:EHTH is in a personal buy zone with more opportunity potentially near $3 in the future.
Targets:
$6.00 (+42.2%)
$8.00 (+89.6%)
How to Draw Support & Resistance In TradingViewLearn how to effectively identify, draw, and utilize support and resistance levels in TradingView with this comprehensive step-by-step tutorial. Whether you're a beginner trader or looking to refine your technical analysis skills, this video covers everything you need to know about one of the most fundamental concepts in trading.
What You'll Learn:
Understanding support and resistance: the foundation of technical analysis and price action trading
Step-by-step instructions for drawing horizontal support and resistance lines in TradingView
Creating support and resistance zones for more flexible trading approaches
Practical tips for using TradingView's drawing tools effectively
This tutorial may be helpful for day traders, swing traders, and investors using TradingView who want to improve their chart analysis skills. The techniques covered could help you make more informed entry and exit decisions by understanding where price might find support or encounter resistance.
Visit Optimus Futures to learn more about trading futures with TradingView: optimusfutures.com
Disclaimer:
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37100 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37100 support and resistance area.
Trade safe, Joe.