Stronger U.S. Data Pressures Gold PricesGold remained below $3,340 per ounce on Friday and was on track for its first weekly decline in three weeks. The metal faced pressure after stronger U.S. data, including a rebound in retail sales and a sharp drop in jobless claims, reduced the immediate need for Federal Reserve rate cuts. Fed Governor Adriana Kugler backed keeping rates steady for now, pointing to economic resilience, while San Francisco Fed President Mary Daly maintained her outlook for two cuts in 2025.
Resistance is at $3,370, while support holds at $3,320.
Dailyanalysis
TradeCityPro | Bitcoin Daily Analysis #130👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and key crypto indices. As usual, in this analysis, I’ll go over the futures triggers for the New York session.
⏳ 1-hour timeframe
As you can see in the 1-hour timeframe, Bitcoin was supported at the 116829 zone yesterday and is now moving upward.
📈 The long position trigger at 118494 has been activated, and the price is currently pulling back to this level.
💥 The 0.236 Fibonacci level is right above the price, and if it breaks, the price can continue moving upward.
⚡️ The current local top is 122733, which can be the first target for the long position. Breaking this level would also be our main trigger for a long entry.
👑 BTC.D Analysis
Bitcoin dominance is still falling and has now confirmed below the 63.96 zone.
🔍 Currently, the trend is fully bearish, and breaking 63.50 will confirm continuation of the downtrend.
📅 Total2 Analysis
Total2 is rising alongside the drop in Bitcoin dominance and has confirmed above 1.33.
🎲 The next resistance is at 1.41, and the current uptrend can continue toward that level.
📅 USDT.D Analysis
Tether dominance has confirmed below 4.36 and is continuing its downward move.
✔️ The next support is at 4.22, and breaking this level would initiate the next major bearish leg.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
EURNZD: Bullish Setup Targeting Engineered Highs!Greetings Traders,
In today’s analysis of EURNZD, we observe that the market is currently operating within bullish institutional order flow. It is therefore essential that we align our bias with this narrative by focusing on buying opportunities.
Market Context:
Higher Timeframe Alignment:
The weekly timeframe is showing a bullish draw on liquidity, and this is confirmed by the H4 (intermediate) timeframe, which is also structurally bullish. This alignment between higher and intermediate timeframes provides strong confluence for long positions.
Mitigation Block Support:
Price has recently retraced into an H4 Mitigation Block—a key institutional support zone. This area represents a region where previous sell-side activity was initiated. Now that price has broken above it, institutions are likely using this retracement to mitigate prior sell positions and establish new buy orders.
Trade Idea:
Entry Strategy:
Look for confirmation on the lower timeframes within the H4 mitigation block to initiate long positions in alignment with institutional order flow.
Target Objective:
The primary target is the relatively equal highs residing in premium pricing. These levels coincide with engineered trendline liquidity and failure swings, making them highly attractive profit-taking zones for institutions—where significant buy-side liquidity is expected to be absorbed.
Stay patient and execute only upon clear confirmation signals.
Kind Regards,
The Architect 🏛️📊
AUDCAD Trade plan: Waiting for bullish confirmation at RetestPrice broke above resistance with a momentum candle, indicating buyer control. This is our first clue that a structure shift might have occurred.
This retest is essential. Many traders make the mistake of entering too early without confirmation. But it's right here, once price touches the former resistance, that you must observe how price reacts. Look for price exhaustion or reversal candlesticks such as bullish engulfing patterns, or even inside bars.
Once rejection is confirmed, I'm looking to go long to 0.90450.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
TradeCityPro | Bitcoin Daily Analysis #129👋 Welcome to TradeCity Pro!
Let’s take a look at the Bitcoin analysis and key crypto indices. As usual, in this analysis, I’ll review the futures triggers for the New York session.
⏳ 1-hour timeframe
Yesterday, Bitcoin faced a sharp drop after being rejected from the 122733 top and fell down to the 116829 level.
⚡️ Currently, the price has reached an important support area that I’ve marked for you, and at the same time, the RSI has entered the Oversold zone.
✅ Considering the main trend of the market is bullish, this RSI entry into Oversold could be a very good entry point for a long position, as it may indicate the end of the correction.
✨ If the price holds above the 116829 zone, we can enter a long position, and it’s worth opening a position at this level. Further entries can be taken with breakouts of 118494 and 122733.
👑 BTC.D Analysis
Let’s go to Bitcoin dominance. It has continued its downward movement and after breaking 64.44, it’s now moving down toward 64.18.
📊 If this level breaks, we’ll get confirmation of the continuation toward 63.96. In that case, long positions on altcoins would be very suitable.
📅 Total2 Analysis
Total2 is also undergoing a correction like Bitcoin and has settled below the 1.3 level.
⭐ If the correction continues, the next level to watch is 1.26. For long positions, you can enter after breakouts of 1.3 and 1.33.
📅 USDT.D Analysis
Now to Tether Dominance. After bouncing from the 4.22 bottom, it has returned to the box between 4.36 and 4.44.
🔑 If 4.36 breaks, the next bearish leg could start. On the other hand, if 4.44 breaks, we’ll get the first signal of a trend reversal.
TradeCityPro | Bitcoin Daily Analysis #128👋 Welcome to TradeCity Pro!
Let’s get into the analysis of Bitcoin and key crypto indexes. As usual, I’ll be reviewing the futures triggers for the New York session.
⏳ 1-Hour timeframe
In the 1-Hour timeframe, as you can see, Bitcoin broke the 118494 top yesterday and is now moving upward.
✔️ According to the Fibonacci Extension zones, the price has moved up to the 0.5 Fibonacci level and has been rejected from there, printing a few red candles for now.
📊 The buying volume in this bullish leg was very high, and as you can see, volume was in convergence with the trend. Now that the corrective phase has started, the volume is also decreasing, and still remains in convergence with the uptrend.
🔔 From a momentum perspective, we’ve reached a market top because RSI has reached the ceiling it previously formed at the 85.90 level, reacted to it, and has now dropped back below the 70 zone.
💥 If the 85.90 zone on RSI is broken, we’ll likely see a very sharp and explosive bullish leg from Bitcoin. In that case, the next targets would be the 0.786 and 1 Fibonacci levels.
🔑 For opening a position now, we can enter on the break of 122512, and we could also use the price’s pullback to the SMA25 as an entry. For now, our triggers aren’t highly reliable, so positions should be based more on market momentum.
👑 BTC.D Analysis
Let’s move to Bitcoin Dominance. The dominance range box between the 64.44 and 64.82 is still ongoing, and dominance hasn’t broken out of this box yet.
⚡️ If the box breaks downward, a large amount of capital will flow into altcoins, and we could see major pumps in altcoins.
📅 Total2 Analysis
Moving on to Total2. Yesterday, the 1.3 top was broken and the price moved up toward 1.33 and has now reached that area.
I✨ f that resistance breaks, the next target will be 1.41. If a correction happens, 1.3 and 1.26 are the lower support zones.
📅 USDT.D Analysis
Now to Tether Dominance. A new bearish wave started yesterday and has continued down to 4.22.
🎲 If this zone breaks, the bearish leg can continue down to 4.08.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
TradeCityPro | Bitcoin Daily Analysis #127👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and the key crypto indexes. In this analysis, as usual, I want to review the New York session futures triggers for you.
⏳ 1-Hour timeframe
In the 1-hour timeframe, as you can see, Bitcoin, after the correction down to the 116829 level, is now breaking the 118494 top again.
🔔 This move can potentially start Bitcoin’s next bullish leg. In that case, I think this leg will be a strong one because the correction was very shallow and didn’t even reach the 0.236 Fibonacci level, so the price may perform another sharp move.
💥 On the other hand, the RSI oscillator is entering Overbuy, which increases the probability of a bullish scenario and a sharp next leg.
📈 If the 118494 level is broken, we can open a long position. We already have suitable confirmations for this position since volume and RSI are aligned with price, and also the SMA25 is supporting the price and pushing it upward.
👑 BTC.D Analysis
Let’s move on to Bitcoin Dominance. The dominance trend is still bearish and continuing downward.
⭐ Currently, it’s sitting on a key support at 64.44, and breaking this level can continue the bearish move in dominance.
📅 Total2 Analysis
Let’s go over Total2. Yesterday, after correcting to the 1.26 level, it seems the next bullish move has started and it’s heading toward 1.3.
🎲 The main resistance I see for Total2 is still 1.33, and I believe this will be the main ceiling that Total2 will struggle with.
📅 USDT.D Analysis
Moving on to Tether dominance. This index is still dropping and is now sitting at the 4.36 support.
✨ Breaking this level will start the next bearish leg, and the price can move toward 4.22. If a correction occurs, the first level will be 4.49.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
TradeCityPro | Bitcoin Daily Analysis #126👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and key crypto indices. As usual, in this analysis I’ll review the potential triggers for the New York futures session.
⏳ 1-Hour Timeframe
As you can see on the 1-Hour chart, Bitcoin started a bullish move after breaking the 111747 resistance, which continued up to 118494.
✨ Currently, the price is consolidating after reaching that resistance and has formed a range box between 116829 and 118494, fluctuating within this zone.
💥 The RSI oscillator has exited the Overbuy zone and is now near the 50 level. If it drops below 50, there is a possibility of a deeper correction.
⚡️ Confirmation of a deeper correction would come with a close below the 116829 level. The next support areas will be Fibonacci levels, which I have marked on the chart.
✔️ Since the SMA25 has reached the candles and there is no significant momentum yet, we’ll need to wait for the SMA99 to approach the price to see if momentum enters the market.
👑 BTC.D Analysis
Looking at Bitcoin Dominance, yesterday it reached the 64.18 support level and managed to bounce back, closing above 64.44.
🔔 Currently, it’s consolidating above 64.81, and if this holds, the trend could turn bullish for now.
📅 Total2 Analysis
Total2’s main resistance is at 1.33, but the price was rejected at 1.3 and is now correcting toward 1.26.
🔍 If the correction continues, the 0.382 and 0.618 Fibonacci levels would be reasonable areas to watch. If the upward move resumes, the next target will be 1.33.
📅 USDT.D Analysis
Tether Dominance has had a steep drop from 4.72 and has now reached 4.36. If support holds at this level, we could see a correction back toward Fibonacci zones.
🎲 A break below 4.36 would confirm continuation of the downtrend.
GBPCHF - Continuation Setup towards 1.0770GBPCHF recently descended with strength, and I’ve been watching to see how price reacts here.
Price now hovers above and this is a great indication for us to use for possible continuation move, that could send price into the 1.0770 level.
But if price breaks above with momentum, then I’ll back off the bearish bias and reassess, and I’d consider the continuation idea invalidated, with potential for further upside.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TradeCityPro | Bitcoin Daily Analysis #125👋 Welcome to TradeCity Pro!
In this Bitcoin analysis, I want to switch to a higher timeframe and analyze the daily chart because a very significant resistance has been broken and it’s important to take a closer look.
📅 Daily Timeframe
On the daily chart, as you can see, a bullish trend started around the 80000 level and in the first leg moved up to 110183. After a prolonged correction, the price has now managed to break that previous high and begin a new bullish leg.
⚡️ As shown, volume was sharply decreasing during the correction phase, but in the past few candles, significant buying volume has entered the market, enabling the price to break above 110183.
💥 The RSI oscillator is entering the Overbuy zone in today’s candle, which could be a sign of continuation of this bullish move. The next RSI resistance is around 78.47.
🎲 Meanwhile, based on Fibonacci levels, 120140 and 134922 are key zones that could mark the end of this bullish leg. The price is currently very close to 120140, and we need to watch for the market's reaction to this level.
✅ If 120140 is broken, Bitcoin will likely head toward 134922. In that case, I believe this leg could be the final bullish leg of this bull run, since I’ve previously mentioned that my target range for Bitcoin in this cycle is between 130000 and 180000.
📊 The curved trendline I’ve drawn is very important in this leg. As long as the price remains above this trendline, the market momentum will stay bullish, and the likelihood of continued upward movement increases.
🔽 If this trendline is broken, we could see the first signal of a trend reversal. A close below 110183 would confirm that the breakout was fake, and a break below 100763 would open the door for a longer-term short position.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
109K Launch Zone? Bitcoin Update Now LiveHey everyone,
Here's my latest Bitcoin analysis for you. The current price action is unfolding within an ABC corrective wave.
🔍 I've identified the optimal buy zone between 108,349 and 109,682.
📉 Once the price pulls back into this range, my limit orders will be triggered and the position will open.
🎯 In this scenario, my target level is 118,157.
Below are the exact levels for my entry, targets, and stop-loss:
- 🟩 Entry Level: 109,027
- 🟥 Stop-Loss: 105,876
- 🎯 TP1: 111,156
- 🎯 TP2: 113,607
- 🎯 TP3: 118,362
- ⚖️ Risk/Reward Ratio: 3.00
(This is based on a swing trade model, so reaching this level may take some time)
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Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
CAD/CHF: Break, Retest and Go?The market is in a strong downtrend, moving inside a visible steep channel. Price recently pulled back into a previous support-turned-resistance zone. This move appears corrective in nature, with sellers likely waiting for signs of exhaustion before re-entering in the direction of the existing trend.
Now price is reacting to the resistance zone and rejecting further upside, suggesting potential continuation lower. Ideally if price retests without closing significantly above it and forms bearish price action confirmation, it would provide a high-probability short setup: pin bars or bearish engulfing candlesticks right at retest level would help confirm the signal.
From there, continuation toward the middle of the channel becomes likely. The target projection sits near the 0.57300 level. If price fails to break lower and instead closes above the resistance zone, the setup becomes invalid and would indicate potential reversal.
In short, sellers are watching for a break and retest, aiming to ride the move down to target of near 0.57300. The downtrend would be maintained as long as price respects the current resistance and shows more signs of bearish strength.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TradeCityPro | Bitcoin Daily Analysis #123👋 Welcome to TradeCity Pro!
Let’s dive into the analysis of Bitcoin and key crypto indices. As usual, in this analysis I’ll go over the trigger levels for the New York futures session.
⏳ 1-Hour Timeframe
On the 1-hour chart, as you can see, Bitcoin is currently below a resistance zone at 109135 and is approaching this level with strong bullish momentum.
⭐ If the price breaks and stabilizes above this level, we can open a long position. Both the volume and market momentum are confirming this setup well, but the main long trigger remains the breakout of 109135.
📈 If this bullish move turns out to be fake and the price starts heading downward, the first trigger we have for a short position is the 107853 level. A break below this level would give us an entry for a short.
👀 Overall, I think the market has been pretty straightforward lately, and we don’t need complex tools to analyze it. Just these support and resistance levels and simple triggers are sufficient.
👑 BTC.D Analysis
Moving on to Bitcoin Dominance, the 65.04 floor has finally broken, and dominance is now trending downward.
💫 The next support ahead is at 64.81, which the price is approaching. We’ll have to see how the market reacts to this level. For now, the trend of dominance in the 1-hour timeframe appears bearish.
📅 Total2 Analysis
Let’s look at Total2. With Bitcoin Dominance dropping and Bitcoin itself moving upward, Total2 has started a strong bullish leg and is heading toward the 1.18 level.
🔑 Many of the altcoins I’ve analyzed have triggered their entries, and as long as Total2 remains bullish, these moves can continue.
📅 USDT.D Analysis
Now to Tether Dominance. After breaking below the 4.76 level, it has now reached the 4.72 floor.
💥 A break below this floor could confirm continuation of the downtrend, but in my opinion, the price may pause here for some correction and consolidation.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Silver Holds Near $36.80 on Tariff FearsSilver remains steady just below $37.00, hovering around $36.80 in Tuesday’s Asian session after a sharp rebound from the $36.15 level seen late Monday. The metal continues to trade in a tight range as conflicting market signals keep traders cautious.
Global trade tensions and geopolitical uncertainties, fueled by the U.S.’s upcoming tariffs on multiple countries and its hardline stance against BRICS-aligned nations, have elevated market risk perception. This has sparked a modest uptick in safe-haven demand, offering limited support to silver.
The strength of the U.S. Dollar and uncertainty surrounding future interest rate decisions are capping silver’s upside potential. Market participants remain focused on incoming economic data and central bank signals for clearer direction.
In the near term, silver is expected to stay volatile and highly reactive to geopolitical and economic headlines.
Resistance is at 37.50, while support holds at 35.40.
Gold Rebounds Toward $3,350Gold (XAU/USD) rebounded from a five-day low of $3,297, climbing toward $3,350 after Trump announced 25% tariffs on Japan and South Korea effective August 1, with 12 more countries receiving similar tariff warnings ranging between 25% and 40%. The rising risk of a global trade war fueled safe-haven demand, though gold’s gains were capped by simultaneous US Dollar strength.
Resistance is at $3,365, while support holds at $3,300.
GBP/USD Climbs as Trump Targets 14 NationsGBP/USD edged higher to around 1.3630 during Tuesday’s Asian session, posting a modest recovery after two straight days of losses. The British Pound found support as the US Dollar weakened in response to heightened market caution following President Donald Trump’s announcement of new tariff rates targeting 14 countries that have not yet finalized trade agreements with the US.
The Trump administration introduced a 25% tariff on imports from Japan and South Korea, warning of further escalation if these countries retaliate. Other nations affected include Malaysia, Kazakhstan, and Tunisia, each facing a 25% tariff, while South Africa will face a 30% tariff. Tariffs on Laos and Myanmar will rise to 40%, Indonesia faces 32%, Bangladesh 35%, and both Thailand and Cambodia will see tariffs of 36%.
Additionally, Trump signed an executive order delaying the enforcement of these new tariffs until August 1, allowing more time for negotiations, according to Bloomberg.
On social media, Trump issued a firm warning that any country aligning with the anti-American stance of the BRICS bloc would face an extra 10% tariff, stating unequivocally: “There will be no exceptions to this policy.”
Resistance is at 1.3640, while support holds at 1.3500.
EUR/USD at 1.1750 as EU Pushes Trade DealEUR/USD trades around 1.1745 in Tuesday’s Asian session, supported by strong Eurozone retail sales for May. The Euro benefits as the EU aims to finalize a preliminary trade deal with the US this week, seeking to maintain a 10% tariff beyond the August 1 deadline while negotiations continue. The proposed agreement would keep the 10% base tariff but exempt sensitive sectors like aviation and alcohol, which helps lift market sentiment toward the Euro.
Eurostat data showed retail sales rose 1.8% year-on-year in May, beating expectations of 1.2% but slowing from April’s 2.7%. Monthly sales fell 0.7%, matching forecasts.
Resistance for the pair is at 1.1830, while support is at 1.1730.
Yen Falls After Trump's 25% Tariff on JapanThe Japanese yen weakened beyond 146 per dollar on Tuesday, hitting a two-week low after President Trump confirmed a 25% tariff on Japanese imports starting August 1, lower than the earlier 35% threat but still above the standard 10%. Japan’s Prime Minister Ishiba pledged to keep negotiating for a favorable outcome. Although Japan’s May current account surplus came in stronger than expected, disappointing wage growth limited hopes for further Bank of Japan rate hikes, adding pressure on the yen.
Key resistance is at 146.20; major support at 144.85.
TradeCityPro | Bitcoin Daily Analysis #122👋 Welcome to TradeCity Pro!
Let’s dive into the latest analysis of Bitcoin and major crypto indicators. As usual, this update will focus on potential triggers for the New York futures session.
⌛️ 1-Hour Timeframe
On the 1-hour chart, Bitcoin is once again ranging between the 107,853 and 108,619 levels.
✔️ Last night, Bitcoin briefly faked out below the bottom of this range, so we now need to wait and see how the price reacts upon revisiting this area.
💫 I believe it’s best to hold off on entering a short position until we identify the precise location of the support line. As price retests this area, we can pinpoint the true support level.
✨ Once that level is confirmed, and if it breaks, a short position could be considered. The next support zones would be at 106,586 and 105,370.
📊 Make sure to watch the volume closely for this trade, and I strongly recommend waiting for a volume confirmation before entering.
📈 As for a long position, if 108,619 breaks to the upside, we could consider going long. The buying volume in the current upward leg is increasing, and if this trend continues, a breakout above 108,619 would make a long position reasonable.
👑 BTC.D Analysis
Moving on to Bitcoin dominance — it has once again reached its trendline and is currently being rejected from it. If this rejection continues, BTC.D could decline toward 65.04.
🔍 However, if the trendline breaks, the 65.31 level will be the bullish confirmation trigger.
📅 Total2 Analysis
Now on to the Total2 index (altcoin market cap excluding BTC), it has bounced from the 1.14 support and is moving toward 1.16.
🔑 A breakout above 1.16 would serve as a bullish confirmation for long positions, with 1.17 acting as the main breakout trigger.
📅 USDT.D Analysis
USDT dominance is also moving downward and has reached the 4.78 support zone.
💥 A breakdown below this level would confirm a bearish continuation toward the 4.72 level..
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
TradeCityPro | Bitcoin Daily Analysis #121👋 Welcome to TradeCity Pro!
Let’s dive into the Bitcoin analysis and key crypto indicators. As usual, I’ll walk you through the triggers for the New York futures session.
⏳ 1-Hour Timeframe
As you can see on the 1-hour timeframe, the upward move Bitcoin made yesterday turned out to be a fakeout, and the price is now heading downward.
⚡️ I’m not moving the 108619 line for now. I’ll wait to see if the price reacts to it again in the future, then decide whether to adjust it.
✅ Currently, if the 107853 level breaks, we can enter a short position. We already have volume confirmation, and if this increase in volume continues, we could see a sharp downward move.
📈 Next support levels for Bitcoin in this timeframe are 106586 and 105370, which can be used as targets.
✨ If Bitcoin starts moving upward again, the long trigger remains the 110256 level. A breakout here would mark the beginning of a true uptrend.
👑 BTC.D Analysis
Bitcoin dominance continued its downward move today, dropping close to the 65.04 level.
🔼 We’re currently seeing a reaction at this level, suggesting some support. A break below 65.04 could trigger a strong downtrend.
📅 Total2 Analysis
This index is still in an uptrend but showing significant weakness. It’s currently sitting on key support at 1.15.
⚡️ A break below this level could give us a short position. Additional support levels are 1.14 and 1.13. For a long position, the only trigger we have right now is 1.17.
📅 USDT.D Analysis
Looking at Tether dominance, it’s still hovering around the 4.78 level. After a brief fakeout below, it has returned above that zone.
📊 If this level breaks again, Tether dominance could move down toward 4.72.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Silver Holds Near 13-Year High Amid Tariff UncertaintySilver held above $36.80 Friday, near 13-year highs, as renewed trade tensions supported safe-haven demand. Markets grew cautious after Trump announced plans to send tariff letters, and as the House passed his tax and spending bill, expected to widen the deficit by over $3 trillion. Silver’s gains were capped by a surprisingly stronger June US jobs report, which eased recession fears and reduced near-term Fed rate cut pressure.
Resistance is at 37.50, while support holds at 35.40.
Gold Recovers After Two-Week DeclineGold Recovers After Two-Week Decline
Gold rose slightly to around $3,330 on Friday, set for a weekly gain as US deficit worries and tariff uncertainties increased safe-haven demand. The House passed Trump’s tax and spending cuts, expected to add over $3 trillion to the deficit in ten years. Trump also said he would begin issuing formal tariff notices Friday. Gold’s gains were capped by strong US jobs data, with 147,000 jobs added in June and unemployment falling to 4.1%, supporting the Fed’s current rate stance.
Gold is on track to end the week up over 1%, recovering after two weeks of declines.
Resistance is at $3,365, while support holds at $3,300.
Pound Holds Gains on UK Fiscal StabilityGBP/USD held around 1.3660 during Friday’s Asian session, marking a second day of consolidation as the dollar weakened on caution over Trump’s planned tariffs. Trump said he would start sending tariff letters Friday, targeting ten countries with rates of 20–30%. The pound was supported after PM Starmer backed Chancellor Reeves, easing market concerns over a possible replacement with looser fiscal policies.
The BoE is expected to cut rates in August, likely to 4%, following dovish signals from officials, including Governor Bailey, who said rates should gradually decline as inflation eases.
Resistance is at 1.3700, while support holds at 1.3600.