ROSE/USDT — at the Fibonacci Demand Zone, Will Buyers Hold?Overview
ROSE is at a critical juncture. After months of sideways movement since March, the price is once again testing the strong demand zone at 0.02696 – 0.02616, perfectly aligned with the Fibonacci 0.5–0.618 retracement. This zone is not just numbers on the chart—it’s the real battlefield between buyers defending structure and sellers pushing for a breakdown back to the range lows.
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Price Structure & Pattern
Mid-term sideways: ROSE has been trapped within a broad 0.019 – 0.046 range, indicating long accumulation/distribution phases.
Demand zone (yellow): The 0.026–0.027 region has acted multiple times as a launchpad for rallies. Fibonacci confluence makes it even stronger.
Layered resistances: Price faces a “ladder” of resistances at 0.03029 → 0.03238 → 0.03665 → 0.04238 → 0.04574 → 0.04696. Each level is a checkpoint for the bullish momentum.
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Bullish Scenario
1. Successful rebound at demand: If daily candles hold above 0.02616, a new higher low could be confirmed.
2. Break confirmation: A daily close above 0.03029 signals early bullish momentum; stronger confirmation comes above 0.03238 with volume.
3. Upside targets:
0.03665 (key structural resistance)
0.04238 (upper range expansion)
0.04574–0.04696 (previous range high, potential breakout zone)
From the demand zone, the upside potential is +70% if 0.04696 is retested.
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Bearish Scenario
1. Breakdown risk: A decisive close below 0.02616 would destroy the bullish setup and invalidate the demand.
2. Downside target: Price could drop toward 0.01917, a ~30% decline from current levels.
3. Fakeout risk: A short dip below 0.026 before pumping back up is possible, so volume confirmation is crucial to avoid traps.
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Takeaway & Insights
The 0.026–0.027 zone is the most important area for ROSE in the coming weeks. As long as it holds, bulls maintain the upper hand.
A breakout > 0.03238 is the catalyst that could invite strong momentum buying.
On the flip side, a breakdown < 0.02616 could extend the range lower to 0.019.
For swing traders, this is a low-risk accumulation zone with high-reward potential, but strict risk management is mandatory.
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ROSE is retesting the critical demand zone at 0.026–0.027 (Fibonacci 0.5/0.618 confluence). This area has repeatedly acted as a strong support and rally base. As long as it holds, bullish scenarios remain valid with targets at 0.032 → 0.036 → 0.042 → 0.046.
A breakdown below 0.02616, however, could trigger a drop toward 0.019.
The market is now watching closely: will buyers defend this zone again, or will sellers seize control?
Strategy: Look for buy-the-dip opportunities at demand with tight stops, or wait for a confirmed breakout above 0.03238 for safer long entries.
Note: This range offers big potential, but disciplined risk management is the key.
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#ROSE #ROSEUSDT #OasisNetwork #CryptoAnalysis #Altcoins #PriceAction #SupportResistance #Fibonacci #CryptoTrading
Chart Patterns
Currency Wars & Forex TradingPart 1: Understanding Currencies and the Forex Market
What is a Currency?
A currency is more than just money. It is the lifeblood of an economy, a measure of value, and a tool of international trade. When you hear “U.S. dollar,” “Euro,” or “Japanese yen,” you’re not only talking about pieces of paper or numbers in a bank account—you’re talking about the strength and credibility of an entire economy.
The Forex Market
The foreign exchange (forex) market is the largest financial market in the world, with a daily turnover exceeding $7 trillion (as per BIS 2022 data). Unlike stock markets, which operate on centralized exchanges, forex is decentralized. Transactions take place over-the-counter (OTC), electronically between banks, institutions, brokers, and traders across the globe, 24 hours a day.
Why Exchange Rates Matter
Exchange rates determine how much one currency is worth in terms of another. For example, if 1 USD = 82 INR, this tells you how many Indian rupees are needed to buy a single U.S. dollar. These rates fluctuate constantly based on demand, supply, interest rates, inflation, trade balances, and political stability.
Part 2: What Are Currency Wars?
Definition
A currency war (also called “competitive devaluation”) occurs when countries deliberately devalue their currency to boost exports, reduce imports, and strengthen domestic growth at the expense of other countries.
In simple terms: if your currency is cheaper, your goods and services become more affordable to foreign buyers. This increases demand for your exports. At the same time, imports become costlier, which encourages people to buy locally produced goods.
Origins of Currency Wars
The term became popular after Brazil’s Finance Minister Guido Mantega used it in 2010 to describe the actions of major economies like the U.S., China, and Japan. However, the practice itself is much older.
In the 1930s Great Depression, nations like Britain, France, and the U.S. devalued their currencies to protect their economies.
During the post-2008 financial crisis, many central banks used monetary easing and interventions that indirectly weakened their currencies.
Today, in the age of globalization, currency manipulation can spark trade tensions, market volatility, and even geopolitical conflicts.
Tools Used in Currency Wars
Monetary Policy Easing – Cutting interest rates makes a currency less attractive to investors.
Quantitative Easing (QE) – Central banks print more money to buy assets, increasing supply of currency.
Direct Market Intervention – Buying or selling currencies in forex markets to influence exchange rates.
Capital Controls – Restricting money inflows or outflows to control currency strength.
Part 3: Why Do Countries Engage in Currency Wars?
Boost Exports – A weaker currency makes a country’s goods cheaper internationally.
Protect Domestic Jobs – Export industries thrive, creating employment.
Fight Deflation – Cheaper currency raises import prices, helping inflation targets.
Debt Management – If government debt is in local currency, inflation reduces its real burden.
However, while one country may benefit, others lose. If everyone tries to devalue simultaneously, the result is instability, not prosperity.
Part 4: Historical Examples of Currency Wars
1. The Great Depression (1930s)
Countries abandoned the gold standard and devalued currencies to survive. This beggar-thy-neighbor policy worsened global trade tensions.
2. The Plaza Accord (1985)
The U.S. convinced Japan, Germany, France, and the U.K. to weaken the dollar, which had become too strong and was hurting American exports.
3. Post-2008 Financial Crisis
The U.S. Federal Reserve’s quantitative easing program weakened the dollar, which countries like China and Brazil criticized as a form of currency war.
4. U.S.–China Currency Tensions
The U.S. has often accused China of keeping the yuan artificially weak to gain export advantage. These tensions escalated during the Trump administration and the trade war.
Part 5: The Impact of Currency Wars
On Global Trade
Export-driven economies benefit.
Import-dependent economies suffer.
Trade imbalances widen, causing friction.
On Inflation
Weak currency = higher import prices = inflation.
Strong currency = cheaper imports = deflationary pressures.
On Investors & Forex Traders
Currency volatility increases, creating both risks and opportunities. Traders who can anticipate central bank moves profit, while unprepared investors may face losses.
On Geopolitics
Currency wars often strain diplomatic relations and can escalate into broader trade wars or even economic sanctions.
Part 6: Forex Trading in the Context of Currency Wars
The Role of Forex Traders
Forex traders—whether individuals, hedge funds, or banks—speculate on exchange rates. Currency wars create volatility, which is the lifeblood of trading opportunities.
Strategies Traders Use During Currency Wars
Trend Following
Traders ride long-term trends when a country is deliberately weakening its currency. Example: shorting the yen when the Bank of Japan pursues aggressive easing.
Carry Trade Adjustments
Carry trades involve borrowing in low-interest-rate currencies and investing in high-interest ones. When central banks cut rates, traders adjust these positions.
Safe-Haven Hunting
During currency wars, traders flock to “safe-haven” currencies like the Swiss franc (CHF), Japanese yen (JPY), or U.S. dollar (USD).
Event-Driven Trading
Traders monitor announcements like interest rate cuts, central bank interventions, and political statements to anticipate moves.
Risks in Trading During Currency Wars
Sudden Central Bank Actions – Overnight decisions can cause massive price swings.
Geopolitical Uncertainty – Wars, sanctions, or trade agreements can shift markets instantly.
High Volatility – Greater opportunities, but also greater risk of margin calls.
Part 7: Case Study – The Swiss Franc Shock of 2015
The Swiss National Bank (SNB) had pegged the franc to the euro at 1.20 to protect exporters. On January 15, 2015, they suddenly abandoned this peg. Within minutes, the franc surged nearly 30%.
Many forex brokers went bankrupt.
Traders faced catastrophic losses.
This event highlighted the dangers of central bank interventions during currency tensions.
Part 8: Modern-Day Currency Wars & the Digital Era
The Role of Technology
High-frequency trading (HFT), algorithmic systems, and artificial intelligence make forex trading faster and more complex. Central banks now have to consider not just economic fundamentals but also the behavior of machine-driven trading systems.
Cryptocurrencies as a New Battlefield
Bitcoin and stablecoins are outside the control of traditional governments. Some argue that in the future, digital currencies may become tools in currency wars, challenging fiat dominance.
De-Dollarization
Countries like China, Russia, and members of BRICS are pushing to reduce reliance on the U.S. dollar in global trade. This could spark a new era of “currency alliances” instead of just wars.
Part 9: How Traders Can Navigate Currency Wars
1. Stay Informed
Follow central bank announcements, IMF/World Bank reports, and G20 summits.
2. Risk Management
Use stop-loss orders, diversify positions, and avoid over-leverage during volatile times.
3. Focus on Fundamentals
Monitor interest rate policies, inflation data, GDP growth, and trade balances.
4. Technical Analysis
Study chart patterns, support/resistance levels, and volume indicators to anticipate short-term moves.
5. Hedge with Safe-Havens
Gold, U.S. Treasuries, and stable currencies can protect portfolios during extreme volatility.
Part 10: The Future of Currency Wars & Forex Trading
AI-Driven Markets – Algorithms will react faster than humans to central bank decisions, making markets even more volatile.
Central Bank Digital Currencies (CBDCs) – Could reshape the dynamics of exchange rates and currency manipulation.
Geopolitical Rivalries – U.S.–China tensions, Russia–West conflicts, and BRICS initiatives may define the next phase of currency wars.
Retail Trader Growth – With easy access to trading platforms, more individuals are participating, making forex a truly global battlefield.
Conclusion
Currency wars and forex trading are deeply interconnected. Governments manipulate currencies for national advantage, while traders ride these waves to seek profit. What may be a survival tactic for one country can be a trading opportunity—or disaster—for others.
The forex market thrives on volatility, and currency wars provide exactly that. But they also remind us that behind every pip movement lies a complex web of economics, politics, and human decision-making.
In the end, understanding currency wars is not just about predicting exchange rates. It is about grasping the power struggle among nations, the fragility of the global financial system, and the opportunities and risks for traders in the world’s largest market.
TPLP PROBABLY IN WAVE ' C ' OR ' 1 ' - LONGTPLP is most probably in wave C or 1
Our preferred wave count suggests that lesser wave 2 has finished and wave 3 have started which might take price toward 14 to 17 level.
Alternately, we might still be in wave 2 which will further extend downwards taking price toward 8.40 - 8 level
Our trade got activated this morning and are entry price is 11.10, we will trade this setup with a very strict stop loss at 9.49. If our wave count is correct and we do start seeing upside movement we will add more positions during the up move.
Price might take resistance from 12.20 - 12.50 level, we will keep a close eye on volume and if we feel that the volume is weak, we might close position at this level.
Trade Setup:
Entry level: 11.10
Stop loss: 9.49
Target:
T1: 14
T2: 16.01
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Bullish bounce off key support?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 64.17
1st Support: 63.59
1st Resistance: 65.73
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.
Heading into 38.2% Fibonacci resistance?UK100 is rising towards the pivot which acts as an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse to the multi swing low support.
Pivot: 9,240.23
1st Support: 9,128.22
1st Resistance: 9,327.92
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 for the Bitcoin?The price is reacting off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 116,976.22
1st Support: 113,498.37
1st Resistance: 119,215.75
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 drop off?GBP/JPY has rejected off the pivot and could drop to the 1st support which is a pullback support that is slightly above the 78.6% Fibonacci retracement.
Pivot: 200.00
1st Support: 199.28
1st Resistance: 200.73
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.
EURUSD: Exhausting Uptrend Around 1.1930-1.2400The EUR/USD pair shows signs of losing momentum on the chart, which is expected as it is currently in the final (5th) wave of a larger wave C or 3.
The RSI indicates a second consecutive bearish divergence, but the uptrend could continue for a while. The price is likely to reach at least 1.1930, which is the level where wave C equals wave A, for symmetry.
The blue box highlights the target area based on the Fibonacci sequence. It starts at 1.1930 and peaks around 1.2400, where wave 5 of wave C is projected to cover 61.8% of the distance from wave 1 to wave 3.
We’re not predicting the reversal point yet; we’ll let the market reveal it in due time.
Wishing us all lucky trades!
It would be foolish to think otherwiseThe word "PUMP" can infer many things , like we gonna pump you up, pump some gas, the crowd was pumping or even I pumped all night long, but when it appears in the shape of the double, bottomed double U and it comes from God, to me it can mean only one thing, up and to the right baby and apart from that , the project is doing some pretty positive things with respect to their website and tokenomics. I understand that unkike "YOUTUBE" they don't censor their creators videos plus they "PUMP" their profits back to their coinholders. So, I think its worth while to reinvest a few of my unearned dollars back to the machine that fed me for a few months . It's also nice to know that they are actually profitable and have put away a shit load of cash into a war chest and plan on doing something with it, rather than just checking out.
I suggest that you check out their site ,its supprisingly busy ! If you know of anything worth knowing about the project, please share.
Thanks
Ward
EURUSD ahead of the FED decisionEURUSD broke above previous highs, reaching 1,1878.
Today at 7PM UK time, the FED will announce its interest rate decision.
It is advisable to reduce risk on all open positions and wait for the market’s reaction.
New entry opportunities are likely to appear after the announcement.
BTCUSD Respecting Trendline – Eyes on Resistance ZoneBitcoin is maintaining its bullish structure, respecting the ascending trendline on the daily chart. Price recently reacted from the support zone and is now consolidating near 116,000. As long as the trendline holds, a potential move toward the resistance area around 122,000 – 124,000 remains in play.
Key points:
Trendline support acting as a guide for higher lows
Current consolidation above 112,000 demand zone
Resistance area: 122,000 – 124,000
Break above resistance could open room for further continuation
This analysis is for educational purposes only, not financial advice
My short followers cheer for the victoryThis is the trading idea I provided in my previous article. Clearly, the gold price movement has been in line with my expectations and has started to decline, earning us a considerable amount of profit from this short-term trade. www.tradingview.com Seven hours ago, I once again suggested opening a short position at 3695. The market has now dropped to around 3680, and we have once again reaped a good amount of profit.
During this round of strong and rapid rise in gold prices, there are traders who have made considerable profits by following the trend, while there are also many who have held short positions against the trend. I believe the latter situation is quite common. Some have already given up halfway, while others are still struggling. So, no matter which situation you are in now, you can follow me and share your entry point in the comment section. I will analyze and reply to each one, helping you turn losses into profits. Welcome to join my free camp.
TVC:GOLD FX:XAUUSD OANDA:XAUUSD BITSTAMP:BTCUSD COINBASE:ETHUSD
NQ idea's for 9/1710 drawings that describe the gut wrenching patterns of MarketMeta with 4 candles and 6 types of levels - this is the Science of trading in practice.
Data driven, methodical, if, then statements that guide our thinking through 4 parts that make up Technical Analysis:
- Mental Analysis
- Comparative Analysis
- Risk Analysis
- Procedural Analysis
Last two days boxed in red - high, low and median ranges.
Yellow lines are hourly timeframe levels.
GBPUSD H1 – Fibonacci Play: Ready for the Next Big Leg?GBPUSD is consolidating after its recent rally, and Fibonacci retracements highlight two critical buy zones for potential entries:
BUY ZONE 1: 1.36100 – SL 1.35600
SL: R/R - 1/2 - 1/3
BUY ZONE 2: 1.35500 – SL 1.35200
SL: R/R - 1/2 - 1/3
A potential dip into these zones could offer strong upside opportunities, with an extended Fibonacci reference pointing to 1.37200 as the next bullish target.
If price respects these supports, a rally toward 1.36699 → 1.37200 is on the table. A break below these zones, however, could delay the bullish scenario—so manage your risk carefully.
⚠ Key Levels to Watch
Immediate Resistance: 1.36699
Short-Term Supports: 1.36100 / 1.35500
Long-Term Target: 1.37200 (Extended Fibo)
💬 Your Turn
📈 Which Fibo zone are you watching for your entry—1.36100 or 1.35500? Share your view in the comments and let’s compare setups!
LINK/USDT - Bearish Flag PatternBINANCE:LINKUSDT LINK/USDT - Looking for strong bearish, Bearish Flag Pattern Formation
Fundamental Updates :
SEC listing rules to boost crypto ETFs, but no guarantee of inflows: Bitwise
The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns.
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XAUUSD MARKET INSIGHT 17th SEP 2025
MARKET INSIGHT DAILY REPORT
Date: 17th September 2025
Instrument: XAUUSD
ECONOMIC DATA HIGHLIGHTS
GBP CPI
CAD CPI, Interest Rate & Press Conference
USD Crude Oil Inventories
USD FOMC Interest Rate, Statement & Press Conference
TREND ANALYSIS
Weekly Trend: Up while above 3540-05
Daily Trend: Limited upside while above 3612
Hourly Trend: Turning down while below 3703
Weekly Range:
Low: 3625/3580
High: 3675/95/3715 (May extend towards 3750-70/3800-35)
Daily Range:
Low: 3658/3635/3612
High: 3695/3715-30/3750 (May extend towards 3775/3800)
Daily Key Support/Resistance:
Support: 3675/3664/3655
Resistance: 3695/3703/3715-30
PRICE ACTION
XAUUSD is in a long-term uptrend on the weekly and daily charts but is currently in a congestion phase. The daily chart shows the asset is deeply overbought, with a divergence and reversal on the 6-hour chart, suggesting a potential correction. The pivot high at 3703 may act as a key level, but the FOMC announcement could trigger a spike towards 3715-35/3750 or even 3800.
MARKET SENTIMENT
Sentiment is mixed with a cautious bearish bias on the daily and hourly charts. A final push towards 3715/3735/3750 is possible before a correction. Signals indicate the high may be confirmed at 3703. Notably, XAUAUD has reached its target, and XAUEUR is nearing its target, suggesting limited upside potential.
TIMING THE MARKET
Today is expected to be flat with a bullish finale ahead of the FOMC announcement. Daily waves remain upward with near-term consolidation. Hourly waves are mixed but bearish below 3695/3703. The 15-minute wave is expected to range within 3675/3695-3703 until 18:00 SGT. A break above 3695-3703 is likely after 20:00 SGT, during or after the FOMC announcement. Caution: If 3695/3703 holds and 3675 breaks, the correction may start earlier.
TRADING IDEAS
Cautious Sell near 3695/3703
Stop Loss: > 3706
Target: 3675/3665/3655
Re-Entry Sell at 3725-30 (if stopped out in the first trade)
Stop Loss: > 3738
Target: 3675/3665/3655
Disclaimer: This report is for informational purposes only and does not constitute financial advice. Trade responsibly.
BTCUSD Long Setup – Intraday Trade Plan.Analysis: BTCUSD is showing an internal break of structure (BoS) on the upside, indicating bullish momentum from 1st Support Zone. (4 Hours Time Frame)
🔹 Entry (Long): 115200
❌ Stop Loss: 114500 (below structure)
🎯 Target: 117000
📊 Rationale:
Internal BoS confirms buyers stepping in.
Trend bias remains bullish; structure supports continuation.
Intraday setup with defined risk–reward.
⚠️ Reminder: Always use proper risk management. This is my personal analysis, not financial advice.
💬 If you find this helpful, like, comment, and share to support my work.
Regards: Forex Insights Pro.
#BTCUSD #Crypto #Bitcoin #PriceAction #Trading #BreakOfStructure
Fed Cuts Could Ignite a Breakout Above $3,700?📊 Technical Structure
Gold (XAU/USD) is trading near $3,682 after bouncing from the support zone at $3,678 – $3,679. The chart highlights a bullish setup, with potential continuation towards the resistance zone $3,691 – $3,695. The short-term trendline break also supports renewed upside momentum, while buyers remain in control above the support base.
🎯 Trade Setup
Entry: $3,678 – $3,679 (near support zone)
Stop Loss: $3,677 (below support)
Take Profit: $3,691 / $3,695 (resistance zone)
Risk/Reward: ~1 : 7.17
🗝️ Key Technical Levels
Resistance Zone: $3,691 – $3,695
Support Zone: $3,678 – $3,679
Major Resistance Above: $3,700 psychological barrier
Key Support Below: $3,674
🌐 Macro Background
Gold is firming up as markets await the FOMC decision, with traders widely expecting a 25 bps Fed rate cut—the first in 2025. The prospect of further cuts later this year supports gold as a non-yielding asset. However, easing US-China trade tensions and improved risk sentiment could limit haven flows in the short run.
📌 Trade Summary
The technical setup favours a long entry near $3,679, targeting the $3,691–$3,695 resistance area. The bias remains bullish while gold holds above $3,678 support. Watch for volatility around the Fed decision later today.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.