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XAUUSD 1H – Rising Channel | Possible Rejection | CORRECTIONFOREXCOM:XAUUSD
Structure | Trend | Key Reaction Zones
Price is trading inside a rising channel, recently hitting an overextended zone near 3675 where sellers stepped in. Current movement shows bearish rejection with downside pressure.
Market Overview
Gold has been making higher highs (HH) and higher lows (HL), confirming bullish structure. However, the latest rejection from the channel top signals weakness, with sellers taking control in the short term. Demand zones below may provide temporary support, but risk of a breakdown remains if 3626/3613 levels are breached.
Key Scenarios
✅ Bullish Case 🚀 → Bounce from 3626 zone could send price back toward 3649 and possibly retest 3675.
❌ Bearish Case 📉 → A clear break below 3626/3613 opens the path toward 3575, with extended downside into 3511 liquidity zone.
Current Levels to Watch
Resistance 🔴: 3649 – 3675
Support 🟢: 3626 – 3613 | 3575 | 3511
Trade Setup (Short-Term)
🎯 Target 1: 3626
🎯 Target 2: 3613
🎯 Target 3: 3575
⛔ Stoploss: 3675 (Invalidation above channel top)
⚠️ Disclaimer: For educational purposes only. Not financial advice.
U.S. Dollar Index (DXY) Outlook | Gold (XAU/USD) Correlation📈 U.S. Dollar Index (DXY) at Key Support | 🪙 Gold at Record Highs
🔎 Quick Summary:
• DXY holding 97.70 support inside a descending channel.
• A rebound could push it back toward 98.25 – 98.50.
• Meanwhile, Gold is sitting near $3,600/oz, at all-time highs, fueled by safe-haven demand and central bank buying.
• The DXY’s next move will help decide if Gold keeps climbing or pauses.
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💵 U.S. Dollar Index (DXY) Outlook
On the 4H chart, the Dollar Index remains inside a descending channel. It has been forming lower highs and lower lows, yet the 97.70 level has repeatedly held as strong support.
• 🔹 Buyers are defending this zone, showing demand.
• 🔹 A rebound could take price back to the 98.25 – 98.50 supply zone.
• 🔹 A breakout above 98.50 would be significant, opening room toward 99.00+.
This makes the 97.70 region a critical turning point for DXY.
⸻
🪙 Gold (XAU/USD) Context
Gold is trading at record highs around $3,600/oz 🚀 — a level never seen before.
• 🌍 Central banks continue to accumulate gold aggressively.
• 🏦 Expectations of Fed rate cuts reduce the opportunity cost of holding gold.
• ⚖️ Persistent economic and geopolitical uncertainty is fueling safe-haven demand.
Correlation with DXY:
• 📉 If the Dollar rebounds, Gold could slow down or consolidate after its massive rally.
• 📈 If the Dollar breaks below support, Gold could see further upside, possibly testing higher targets near $3,700/oz and beyond.
⸻
📊 Conclusion
The Dollar Index is sitting at make-or-break support. A bounce would show Dollar strength and may cool off Gold’s rally. But if DXY weakens further, Gold could extend its surge into new record territory.
At this point, Gold remains the undisputed leader in the market, with DXY’s next move likely deciding how fast momentum continues.
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⚡ Summary in one line:
💵 DXY at critical support — 🪙 Gold shining at record highs, waiting for the Dollar’s next move.
XRP - MacD selling divergenceCan you see it?
Don't forget the backtest out of the flag.
I don't think it'll be too big yet, they still want the daily pivot squeeze into Oct for the ETF's.
It also looks like coinbase isn't selling off XRP, big money are moving their XRP off coinbase itself into more secure places. Prepare yourself.
Wiki Is Ready for Next Leg UpAfter following Wiki closely and making a lot of money of the previous pump up, I feel that wiki is now ready for the next leg up. Notice the huge pump then the steep drop off, the consolidation and price is very quiet rt now. I took all my drawings and indicators off this chart view as it was cluttered. Wiki is just breaking out of the pennant flag rt now. I think we’ll see tremendous upside next few days. However, do not be surprised if it starts to move up and then drops down violently before starting the real uptrend.
Not financial advice I’m not a financial adviser. Just sharing some insights.
👊🏼👊🏼
Gold before NFP (what are the new targets?)Gold has recently reached a new all-time high at $3,578. In my view, today's NFP and Unemployment Rate generally favor the U.S. dollar, which could initially push gold lower toward the $3,500 level — a key psychological round number. However, in the bigger picture, gold still looks bullish both technically and fundamentally, especially with the Federal Reserve expected to start cutting interest rates soon. This could eventually drive prices higher, potentially toward $3,600 and beyond to new record highs.
short term targets: 3535 - 3527 - 3510
keep an eye on news...
Do not forget risk management.
good luck
Silver (XAGUSD)– 15m | Descending Trendline & Demand BaseFOREXCOM:XAGUSD
Structure | Trend | Key Reaction Zones
Silver is trading under a descending trendline, with price rejecting from the 41.44 high. Multiple demand bases at 40.40–40.52 continue to act as support. Sellers are showing control after liquidity grabs at highs.
Market Overview
Price has been consolidating within a falling channel, with sellers pressing at each rally. Demand zones are still respected, but a decisive break below 40.40 could open further downside. Breakout above the descending trendline would flip sentiment bullish again.
Key Scenarios
✅ Bullish Case 🚀 → Bounce from 40.40–40.52 demand base could push Silver toward 🎯 40.87 and 🎯 41.06.
❌ Bearish Case 📉 → Break below 40.40 exposes 🎯 40.12 as the downside target.
Current Levels to Watch
Resistance 🔴: 40.87 / 41.06 / 41.23
Support 🟢: 40.52 / 40.40 / 40.12
⚠️ Disclaimer: For educational purposes only. Not financial advice.
$MSTR – Bear Flag Breakdown SetupNASDAQ:MSTR – Bear Flag Triggering Despite Crypto Strength
MicroStrategy ( NASDAQ:MSTR ) has been drifting lower even as crypto has ripped the last few months — a clear sign of relative weakness. Every rally attempt has been faded, and now the chart is setting up a clean bear flag breakdown.
🔹 The Setup:
Price is pressing the $326 trigger level on a bear flag structure.
A breakdown here opens the door to $300 for the first cover zone.
Weak price action despite a strong sector = bearish divergence.
🔹 Market Context:
The NASDAQ:QQQ is flashing distribution signals — failed breakouts in momentum names and heavy selling under the surface.
If indexes continue to weaken, NASDAQ:MSTR could accelerate to the downside as speculative money comes out.
🔹 My Trade Plan:
1️⃣ Entry: Short on breakdown through $326.
2️⃣ Target: First covers into $300.
3️⃣ Stop: Above the flag highs — no need to fight if it reverses.
Why I Like This Setup:
Relative weakness vs. crypto = red flag for bulls.
Bear flag structure + clear trigger + defined target.
Broader market weakness adds conviction.
AUDNZD: Pullback From Support Confirmed 🇦🇺🇳🇿
There is a high probability that AUDNZD will rise from the underlined support.
A bullish violation of a resistance line of a bullish flag pattern on an hourly
time frame provides a reliable confirmation.
Goal - 1.1133
❤️Please, support my work with like, thank you!❤️
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Gold chart showing Technical Analysis at its bestTA doesn’t get much more exact than this. Gold beautifully displayed why TA is such a powerful manifestation device. Look how perfectly Gold broke up and then used the dotted measured move line as a staircase to climb its way to the full breakout target. Perfection. Those who’s off at TA as just imaginary or arbitrary lines, have not seen this kind of accuracy play outthe and time again as I have during my time as a technical analyst. Posting this as a prime example for posterity. *not financial advice*
Ingersoll Rand: Potential Bear FlagIngersoll Rand has struggled all year, and some traders may expect further downside.
The first pattern on today’s chart is the series of higher lows since a negative gap on August 1. The industrial stock ended Tuesday below that rising line, which could be interpreted as a bear-flag breakdown.
Second is the July 20 weekly close of $80.39. IR rebounded to that level last month but failed to stay above it. That may suggest that old support has become new resistance. (Stochastics also fell from an overbought condition.)
Speaking of resistance, you also have the February 14 high of $89.22. Prices stalled at that level twice in July.
Next, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in February and has remained there since. Has the long-term trend turned negative?
Finally, the 8-day exponential moving average (EMA) is below the 21-day EMA. That may be consistent with short-term bearishness.
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IBIT: ready for liftoffOn the daily chart, iShares Bitcoin Trust (IBIT) trades at $62.97, testing the key 0.705–0.79 Fibo zone ($61.63–63.87). This area marks a breakout and retest line, forming a clear buy zone. The technical structure remains bullish: after breaking out and pulling back, price holds potential to move toward $69.39, with Fibo extensions targeting $76.54 and $85.63. Volumes confirm buyer activity on dips, and the bullish flag pattern supports the continuation of the upward trend.
Fundamentally , the main driver is bitcoin itself, with institutional demand for BTC ETFs staying strong. Large funds continue accumulating positions, while expectations of a softer Fed tone add pressure on the dollar, fueling capital inflows into crypto. This strengthens the bullish case for IBIT.
Tactical plan: watch $61.6–63.8 as the key entry zone. Holding above opens the path toward $69.3, followed by $76.5 and $85.6. The scenario breaks only if price falls below $61.
And let’s be honest: IBIT isn’t just a ticker - it’s the “accelerate bitcoin” button for your portfolio.