BTC - Perfect Bullish SetupPrice Action Breakdown
After running the lows with a clear Sell Side Liquidity Sweep, BTC quickly reversed and printed a Market Structure Shift (MSS). This marked the first real sign that the market might be ready to transition from weakness into strength.
Retracement Zone
Price is now retracing into a very interesting area — the overlap of a Bullish Fair Value Gap, an IFVG, and the Golden Pocket. When multiple imbalances and Fibonacci levels line up like this, it often builds a high-probability zone where institutions look to re-accumulate positions before the next move higher.
Upside Target
If this area holds and buyers step in, the next logical draw on liquidity sits above Buy Side Liquidity. That pool of stops acts like a magnet, and with the prior lows already cleaned, the path of least resistance could be higher.
Invalidation
On the other hand, a failure to hold inside the Golden Pocket would weaken this bullish narrative. A clean break below the sweep low would suggest that this rebound was only temporary relief before further downside.
Final Thoughts
This setup is all about how price reacts inside the retracement zone. If we see strength here, the run toward Buy Side Liquidity is very much in play. If not, patience will pay, as deeper levels will likely come into focus.
What’s your take — do you see this zone holding, or are you expecting another flush?
Community ideas
Bitcoin - Bloodbath in September is here! Bitcoin below 100k?September is starting, and we know that statistically September is the most devastating month, not only for Bitcoin but also for the stock market. You probably don't want to be in a long position during this period of time if you don't like adrenaline. Re-buy in the middle of October, but let's see what is happening in the short term on Bitcoin's chart.
The price has been moving within this blue descending channel, and there is really no sign of strength from the bulls. Basically what we see on the chart is a pretty strong bear market, at least on the 4h chart. As long as this channel holds, I am bearish. There are 3 options for how to trade this channel. You can try to buy the bottom of the trendline of the channel, or the 1:1 Fib extension, or wait for a breakout of the channel. Different traders trade different opportunities. Let me know what your plan is in this situation?
The Fibonacci extension 1:1 support is at 104.583 USDT, so we could see a small bounce from this level. Now the most important question is, will Bitcoin fall below 100k in September or not? Follow me so you don't miss updates because I will predict this move if the technical analysis is bearish!
Write a comment with your altcoin and hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
XAUUSDHello Traders! 👋
What are your thoughts on XAUUSD?
Gold has been moving within a medium-term ascending channel and recently managed to break above a major resistance area that had previously rejected price multiple times.
Currently, the price is facing a psychological and technical barrier at the $3500 level, acting as the next resistance.
Price is expected to consolidate slightly below $3500 before attempting another push higher.
As long as price holds above the broken resistance and stays within the ascending channel, the bullish outlook remains valid.
A successful breakout above $3500 could open the path toward targets at $3600 – $3700-$3900 in the medium term.
Don’t forget to like and share your thoughts in the comments! ❤️
GOLD → One step away from 3500. Consolidation. What next?FX:XAUUSD has been rallying towards 3500 since the opening of the session, and the market has every chance of testing this level. Consolidation or correction may form before the next breakout...
Gold resumed its growth at the beginning of the week, reaching five-month highs around $3480 amid declining risk appetite and expectations of Fed policy easing. Trading activity remains low due to holidays in the US and Canada.
Key drivers : Weak Asian markets and uncertainty surrounding Trump's trade policy are supporting interest in gold. The probability of a rate cut in September is estimated at 90% after last week's PCE data.
Overall, the market maintains its momentum towards record levels ($3500), but low liquidity may increase volatility.
Technically , gold is strongly bullish. The price is striving to test the ATH - 3500. Before that, consolidation or a retest of the 3469-3460 zone may form. The dollar is weak at the moment and continues to trend downward, which generally supports gold.
Resistance levels: 3484.8, 3500
Support levels: 3469.5, 3460
Undoubtedly, after consolidation or correction, gold may reach its target. However, continued growth beyond 3500 may be questionable due to a lack of energy, as the market has spent it to reach 3500. Accordingly, a false breakout of the ATH could trigger a strong profit-taking phase, which in turn could lead to a sell-off and correction.
Best regards, R. Linda!
USD/CHF - Wedge Breakout (02.09.2025)The USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.8048
2nd Resistance – 0.8067
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EURUSD at a Breakout PointHello my wonderful friends, what do you think about FX:EURUSD ?
Today, the pair is trading around 1.172, approaching both the resistance zone and the trendline cap after several days of consolidating at support. Previously , we had set this level as our target, and now it has been reached.
A breakout above the trendline could pave the way for a stronger rally, with 1.200 eyed as a medium-term target. The EMAs also align with this view, flashing positive signals. As long as support holds, the bulls remain in control.
What do you think? Will EURUSD break out, or continue consolidating around support? Share your thoughts in the comments!
Good luck!
EURUSD - Bullish momentum for the week!Introduction
The EURUSD has been consolidating for a prolonged period, sweeping both upside and downside liquidity in the process. After the liquidity sweep to the downside, price reacted strongly by moving upwards, indicating a shift in market structure. The pair has since inverted the previously bearish 4-hour fair value gap, which now acts as a bullish reference point, and is currently holding within the 1-hour fair value gap. As long as price maintains this 1-hour FVG support, there remains a strong case for further upside movement.
Liquidity Sweep
The recent downside liquidity sweep was a significant turning point. By driving below key lows and collecting stop orders, EURUSD effectively cleared the market of weak positions. This was followed by a sharp rejection, represented by a wick, which signaled strong buying interest at these levels. Since then, the market has been climbing steadily, showing intent to challenge the higher liquidity levels resting above.
Inversion
Following the liquidity sweep, EURUSD inverted the bearish 4-hour fair value gap. What was previously an area of supply and resistance has now been reclaimed and transformed into a demand zone. This inversion is an important bullish signal because it indicates that sellers were absorbed and that buyers have successfully taken control. As long as this zone remains intact, the path of least resistance continues to lean upward.
1-Hour Bullish FVG
Currently, EURUSD is resting on a 1-hour bullish fair value gap. This area serves as an important support level, and as long as it holds, price is likely to use it as a springboard for further gains. The next targets lie at the upside, beginning with the first objective at the intermediate resistance level labeled “Target 1,” before ultimately pushing towards the liquidity area above. By reaching this zone, the market would sweep short-side liquidations and potentially trigger momentum-driven buying.
Target Area
The primary targets for this bullish move are the two significant highs above the current range. These highs represent zones where stop-loss orders are most likely accumulated. By driving into and above these levels, EURUSD will effectively complete a liquidity grab, providing bulls with a logical profit-taking zone before the market considers a possible retracement. Such a move would align with the general principle of markets seeking liquidity before establishing a new direction.
Final Thoughts
In summary, EURUSD is showing constructive price action following its downside liquidity sweep and subsequent bullish reversal. The inversion of the 4-hour FVG and the current defense of the 1-hour FVG are both encouraging signs for buyers. As long as the 1-hour fair value gap continues to act as a firm support, the probability of an upward continuation towards the liquidity area remains strong. However, traders should also remain mindful that once the liquidity above the highs is collected, a corrective move to the downside could develop. For now, the short-term bias stays bullish, with clearly defined targets on the upside.
-------------------------
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GOLD → False breakout at 3500. What next? 3400 or 3600?FX:XAUUSD updates its ATH on the spot market to 3508.5 and forms a false breakout, provoking liquidation and profit-taking. The imbalance in the market is changing, and a deeper correction is possible...
Gold updated its historical maximum above $3500, but faced a correction amid a short-term strengthening of the dollar. The market's attention is focused on the US ISM Manufacturing PMI data, which may determine further dynamics.
Key drivers: The probability of a rate cut in September is estimated at 90%, which supports gold. Pressure on the USD continues due to concerns about the independence of the Fed (pressure from Trump) and geopolitics. The escalation of the Russia-Ukraine conflict (new strikes by the Armed Forces of Ukraine on Russian territory) is increasing demand for defensive assets.
Ahead of the ISM Manufacturing PMI: Forecast — growth to 49 (but remains in the contraction zone). If the data turns out to be weaker, it will strengthen dollar sales and push gold to new records.
Resistance levels: 3485, 3500
Support levels: 3467.6, 3441, 3423
Technically, gold may enter a longer consolidation or correction. If the bears keep the price below 3490-3485, then in the short term, we can expect a decline to the specified support zones. I do not rule out the possibility of a retest of 3500-3505, but at the moment I do not see the potential for the market to continue growing (in the short term!).
Best regards, R. Linda!
Bitcoin’s Heavy Support Zone Under Attack–Will It Finally Break?Bitcoin ( BINANCE:BTCUSDT ) currently appears to have completed its pullback to the 100_EMA(Daily) , and Bitcoin has failed to break the Resistance lines with high momentum. The Resistance zone($110,920-$110,200) , Resistance lines , and Cumulative Short Liquidation Leverage($111,711-$110,745) could prevent Bitcoin from rising.
In terms of Elliott Wave theory , Bitcoin appears to have completed the wave Y of the Double Three Correction(WXY) .
I expect Bitcoin to decline at least to the Support lines and Cumulative Long Liquidation Leverage($107,230-$106,277) . And there is a possibility that Bitcoin will eventually break the Heavy Support zone($111,980-$105,820) in this attack .
Do you think Bitcoin can finally break the Heavy Support zone($111,980-$105,820)?
CME Gap: $117,235-$113,800
Stop Loss(SL): $111,880(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 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 and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD | Gold Breaks $3500 – New ATH Hit! What’s Next?By analyzing the gold chart on the 12-hour timeframe, we can see that today, gold finally managed to print a new All-Time High (ATH)! As anticipated, price broke above $3500 and rallied up to $3508, hitting our previous bullish target and sweeping the liquidity resting above the key $3500 level.
After reaching $3508, gold entered a correction phase, dropping to $3470, but quickly bounced back and climbed to $3494. At the time of writing, gold is trading around $3478, showing a bearish reaction — but it's best to wait and see whether price gets rejected again from this level or not.
If gold is to undergo a deeper correction, the next potential downside targets are $3465, $3454, and $3420. This analysis will be updated — stay tuned for more confirmations from the market!
MY LATEST ANALYSIS :
Tesla - Technicals are pretty clear!🚨Tesla ( NASDAQ:TSLA ) respects the triangle:
🔎Analysis summary:
Ever since Tesla was listed on the Nasdaq, we saw perfect cycles playing out. Since 2021, Tesla has once again been consolidating within a bullish triangle pattern. Therefore with the recent bullish break and retest, it becomes more and more likely that Tesla will break out soon.
📝Levels to watch:
$400, $250
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
ETH at a Crossroads: Bounce or Breakdown?ETH at a Crossroads: Bounce or Breakdown?
ETH hit our first target at 4335 and bounced back over the weekend.
Right now, it's testing a strong resistance zone—the same area that caused a drop before. If this zone holds, ETH could start another bearish wave (as shown in the black scenario), but the setup still needs more time to develop.
If ETH pushes a bit higher, it might reach 4650, where another resistance zone could trigger a reversal.
BTC also looks weak, and if it drops, ETH might follow—even though it’s holding up better for now.
Overall, it’s still a risky setup, especially with the USD lacking clear direction.
I lean toward the bearish scenario in black, but we’ll need to watch how things unfold.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
WLFIUSDT → Liquidation of hamsters before the rally to 0.3300BINANCE:WLFIUSDT.P is Trump's project. This relatively new coin is demonstrating aggressive and manipulative trading, but there are key areas on the chart that can be used as a guide...
We all know about the manipulative games of Trump's projects ;) and this can be used in trading... The WLFI coin has growth potential, but we need to wait for confirmation. Technically, this is a rather aggressive and manipulative game. A sharp drop and liquidation of all “hamsters” to the 0.25 - 0.20 zone. However, the price has stopped updating lows, volatility is decreasing (consolidation). If the price returns to the range, there will be potential for growth. At the moment, the price is not allowed to fall, consolidation is forming, with resistance at the 0.2521 trigger. The market is testing this trigger... At the same time, Bitcoin is strengthening and may support altcoins...
Resistance levels: 0.2521
Support levels: 0.2250, 0.2042
Technically, if the local structure does not break down and the price continues to storm 0.2520 - 0.255, this could lead to a return of the price to the trading range, which would open up the possibility of growth to 0.33.
The structure will break if the price breaks through the support level of 0.225 - 0.22.
Best regards, R. Linda!
GOLD ROUTE MAP UPDATEHey Everyone,
After completing Bullish Targets 3458 and 3477 yesterday, we got the EMA5 cross and lock above 3477, which opened 3497. That level was hit perfectly today. With no lock above, we confirmed the rejection, and now price is showing support and bounce at 3477.
We are now seeing play between 3497 and 3477 and will need ema5 cross and lock to confirm the next move.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3458 - DONE
EMA5 CROSS AND LOCK ABOVE 3458 WILL OPEN THE FOLLOWING BULLISH TARGETS
3477 - DONE
EMA5 CROSS AND LOCK ABOVE 3477 WILL OPEN THE FOLLOWING BULLISH TARGET
3497 - DONE
EMA5 CROSS AND LOCK ABOVE 3497 WILL OPEN THE FOLLOWING BULLISH TARGET
3513
BEARISH TARGETS
3439
EMA5 CROSS AND LOCK BELOW 3439 WILL OPEN THE FOLLOWING BEARISH TARGET
3417
EMA5 CROSS AND LOCK BELOW 3417 WILL OPEN THE FOLLOWING BEARISH TARGET
3395
EMA5 CROSS AND LOCK BELOW 3395 WILL OPEN THE SWING RANGE
3369
3352
EMA5 CROSS AND LOCK BELOW 3395 WILL OPEN THE SECONDARY SWING RANGE
3336
3315
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Hits New ATH – Is a Bearish Crab Reversal Next?Gold ( OANDA:XAUUSD ) started to rise today after the release of the
ISM Manufacturing PMI index formed a new All-Time High(ATH) .
The question is what price range could the new ATH price range for gold be in?
Gold is currently moving near the Potential Reversal Zone(PRZ)($3,557-$3,531) .
From a pattern analysis perspective , it looks like Gold is completing a Bearish Crab Harmonic Pattern . In fact, if we find a trigger at point D of the Bearish Crab Harmonic Pattern , we can confirm this pattern.
From an Elliott wave theory perspective , it looks like Gold is completing wave 5 . This wave 5 could act as the end of the main wave 3 .
I expect Gold to drop to at least $3,501 in the coming hours .
Second Target: $3,481
Third Target: Support zone($3,474-$3,466)
Stop Loss (SL) = $3,559(Worst)
Gold Analyze (XAUUSD), 15-minute 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.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Reaches 3500: Buying Dips Remains the Best Strategy
Last week I mentioned that if Gold broke above 3380, the 3400 level would not be an obstacle and we could see acceleration towards 3450 and even 3500.
✅ On Friday, Gold reached my target at 3450.
✅ Last night, the market printed a new ATH above 3500.
________________________________________
Key Question:
After 6 straight days of almost vertical rise, is a correction finally coming?
________________________________________
Why a Correction Is Likely:
• Gold has risen more than 1,000 pips in just few days.
• Every intraday dip has been bought aggressively – a sign of exhaustion risk.
• Technically, support zones are now visible at 3470 and 3450.
________________________________________
Trading Plan:
Selling here is very risky against such a strong trend. Instead, the strategy is simple:
👉 Wait for the correction.
👉 Look to buy dips.
________________________________________
Conclusion:
My preferred approach remains buying dips, as the uptrend is still powerful. Gold could easily continue its rise above 3500 in the next few days. 🚀
Bitcoin at Heavy Support – Will Bulls Defend or Break Below?Bitcoin ( BINANCE:BTCUSDT ) fell as I expected in my previous idea .
The question is, can Bitcoin break the Heavy Support zone($111,980-$105,820) ?
Bitcoin is currently trading in the lower areas of the Heavy Support zone($111,980-$105,820) and near the Support lines and Cumulative Long Liquidation Leverage($107,000-$106,330) .
In terms of Elliott Wave theory , it seems that Bitcoin has completed 5 downwaves at the support lines, and we should expect upward corrective waves . The corrective waves could follow the Expanding Flat(ABC/3-3-5) .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect that if Bitcoin is going to break the Heavy Support zone($111,980-$105,820) , it will attack the Resistance zone($110,920-$110,200) and the Resistance lines first. Do you agree with me!?
Cumulative Short Liquidation Leverage: $110,147-$109,266
CME Gap: $117,235-$113,800
Stop Loss(SL): $105,600(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 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 and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold may make correction, after strong upward movementHello traders, I want share with you my opinion about Gold. The prolonged period of consolidation for Gold has decisively resolved to the upside, following a powerful breakout from a multi-week symmetrical wedge. This event signalled a clear shift in market control to buyers, invalidating the prior ranging environment and initiating a new, impulsive bullish phase. The price action for XAU since the breakout has been characterised by a strong, high-momentum rally that has pushed the asset to new highs. Currently, this upward movement appears to be overextended, suggesting that the market may be due for a healthy corrective pull-back. The primary working hypothesis is a short, counter-trend scenario designed to capture this anticipated correction. The expectation is that the current rally will soon find a peak, exhaust itself, and undergo a sharp decline back towards the breakout point. This corrective fall would be a natural part of a healthy uptrend, allowing the market to test the old resistance as new support. Therefore, the TP is logically placed at the 3420 level. This target is highly significant as it corresponds precisely with the current support level and the support area where the breakout originated. Please share this idea with your friends and click Boost 🚀
GBPUSD Drops Hard: Is the Surge in UK Yields the Hidden Trigger?GBPUSD Drops Hard: Is the Surge in UK Yields the Hidden Trigger?
From our previous analysis, GBPUSD was testing a key zone near 1.3590, where price had reacted twice before.
Today, as the market opened, GBPUSD began a sharp decline, just as expected, but with much stronger momentum than usual.
The pair quickly hit two of our target levels and looks ready to fall further.
🔍 There’s no major headline directly tied to this move, but something significant may be unfolding behind the scenes.
📈 One possible factor: UK 30-year bond yields have surged to 5.68%, the highest level since 1998. This spike could be pressuring the pound, contributing to today’s aggressive sell-off.
Could this be a reason for today’s aggressive sell-off ?
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Gold Pops 5% as Fed Fears Drive Demand. New Record High Soon?Gold bugs are doing well this summer.
The yellow metal OANDA:XAUUSD just logged its best monthly performance since April, climbing nearly 5% in August and closing at $3,447 per ounce on Friday – its highest level since mid-June.
As stock bros take a break for Labor Day on Monday, gold bugs are pushing higher, challenging the current all-time high with another leg up to $3,490. But before the ATH hits, let's see how we got here.
Between Fed drama, Trump-vs-Lisa Cook headlines, and falling yields , gold suddenly looks like the life raft everyone wants.
🕺🏻 Let’s break it down. 🤸♀️
🏦 Fed Drama Meets Gold Fever
When politics and monetary policy collide, volatility follows – and gold traders have been feasting on it.
President Donald Trump’s latest target? Lisa Cook, a Biden-appointed Fed governor and one of the crew of seven responsible for setting interest rates. Trump wants her out, she wants to stay , and a federal court hearing wrapped Friday without a ruling on whether he can fire her while her lawsuit plays out.
The bigger picture: this fight is about Fed independence – or what’s left of it. A perceived White House grip on rate decisions injects more uncertainty into markets, and when things get murky, gold shines.
Traders don’t just buy bullion for safe-haven vibes; they’re hedging against the possibility that the Fed is less independent than we thought. The Trump-vs-Lisa Cook fight is a precedent, a sight never seen in the history of America.
📉 Rate Cut Bets Are Back on the Table
Friday’s inflation data – the Personal Consumption Expenditures ECONOMICS:USPCEPI price index – came in exactly as expected, up 0.2% month-over-month and 2.6% year-over-year. Core PCE clocked in at 2.9%, in line with consensus.
That’s the Fed's favored inflation metric so it holds big weight when central bankers get together to decide whether to keep, hike, or cut borrowing costs.
Last month's readout showed predictable numbers that set off a chain reaction: markets are now pricing in a 90% chance of a September rate cut, as per the CME FedWatch tool.
Rates are instrumental in adjusting the prices of gold because it doesn’t pay any yield. In a high-rate world, holding bullion means losing out on returns you’d get from Treasuries or savings accounts – a classic opportunity cost, in economic lingo.
But when rates drop, that cost shrinks, and the shiny metal suddenly looks far more attractive as a store of value rather than a drag on returns.
In short, lower yields + lower dollar = stronger demand for gold. And with the dollar down 2.2% in August, the tailwind is getting stronger, helping explain gold’s upswing.
📈 A Double Top… or a Line Crossed?
Here’s where things get spicy for chart-watchers.
Friday’s rally pushed gold right up against its mid-June peak above $3,440 per ounce, forming what looked suspiciously like a double top pattern – a bearish setup where prices stall twice at the same resistance level before heading lower.
Only that, it didn't take long for momentum to carry gold past the double-top pattern and into record-close territory.
Fast fact: gold’s record high is just about $10 to $30 away from current market prices. The precious metal hit $3,500 in late April, just before shaving off some $200 in a bruising two-day wipeout .
🛍️ Why Gold Is Back in Fashion
Gold’s rally is about technicals as much as it is about vibes and fundamentals. And right now, the macro backdrop is doing the heavy lifting:
Fed policy uncertainty is making traders nervous
Political drama over Fed independence is adding fuel
Falling yields are pulling investors into non-yielding assets
Dollar weakness is inviting overseas buyers to pile in
👀 What Traders Should Watch Next
This week could be pivotal for gold’s next leg:
The upcoming nonfarm payrolls ECONOMICS:USNFP report on Friday will set the tone. Prediction gurus have pinned their expectations at 78,000 hires in August, about the same as the previous month’s 73,000.
What about revisions? That’s a thing now, after the last reading trimmed 258,000 jobs off May and June.
A weak jobs print would reinforce fears of a slowing economy, cementing expectations of a September rate cut – a potentially bullish setup for gold. On the flip side, a blowout number could cool the rally.
Also on deck: more chatter from the Federal Reserve ahead of its September 16-17 meeting, especially around the firing of Lisa Cook.
For now, traders are watching the $3,450–$3,460 resistance zone like hawks. That’s the line between a short-term top and a fresh breakout.
👉 The Takeaway
Gold just had its best monthly run in four months, but it’s walking a tightrope at a critical resistance level. With prices less than 1% away from the all-time high, the next move could define the rest of the quarter for bullion (and maybe even the fourth quarter).
If you’re trading this, two camps are emerging:
Breakout believers think falling yields and the mosaic of data are about to send prices ripping above $3,500.
Doom-and-gloom permabears see more froth than substance, saying prices can only go one way from here.
Off to you: Which side are you on? Share your thoughts and observations in the comments!
Bitcoin · The Correction Is OverI will show you only two signals supporting the end of the current retrace/correction, it was a long one when you consider that the market is bullish.
I think you will agree with me but we will only know in the comments section.
Join me. Sit back, relax and enjoy the show.
Good evening my fellow Cryptocurrency trader, I hope you are having a wonderful day.
The last retrace between May and June lasted a total of six candles; counting the peak high candle as part of the retrace.
The current retrace has eight candles so far; 33% more than the previous retrace.
Consider a strong correction by looking at January 2025, it goes for months and three red sessions would produce a very strong price decline.
Consider also March 2024. A strong correction lasted five months.
Now, compare these two to the ones I just mentioned above. Here the difference between a correction and a retrace is very strong.
The second telling signal is the fact that Bitcoin continues trading above $100,000. We have 1.5 months of bearish action and yet no major support zone has been broken when we consider the long-term.
The next major support is found at $102,000. This level has not even been tested and likely won't be tested if Bitcoin continues with the same type of action we are seeing today.
Trading volume is very low. Before a major drop, somewhere at some point a strong selling volume bar shows up. This isn't present on this chart.
The biggest volume bar after the previous correction's low was a bullish day. This reveals the fact that the bulls have the upper hand.
Now, don't get me started on the altcoins...
The best is yet to come.
Namaste.
AUDJPY looks ready for a big leg upLooking at AUDJPY and how it behaves right now, I find it quite interesting.
Price has been coiling and look at the way it rose. Step by step. Meaning buyers are stepping in slowly.
Now, I would way for a confirmation first, with a long position towards 98,300.
What makes this setup different could be the patience behind it. I will be waiting for price to revisit the highlighted level first and look for signs of volume and candles patterns.
Let me know in the comments what you think.