Get started

Harmonic Patterns

“From Shine to Slide: Gold Eyes $3,567 in Short Setup”Gold: Gold is showing signs of bearish pressure as recent momentum has shifted from a bullish breakout to a potential reversal. As of the latest 30-minute chart, XAUUSD has failed to sustain above the $3,600 zone and is now retracing towards critical support levels. Market sentiment suggests sellers may take over in the short term. 📈 Updated Setup Strategy (Short Bias) Our current setup signals a short position opportunity. Price has broken down from the immediate bullish momentum and is now creating lower highs, suggesting a trend reversal is underway. A *bearish continuation* below the current support levels could trigger a move towards the Fair Value Gap (FVG) zone. 🎯 Targets 1. Immediate Bearish Short Target: * First target at $3,577.928 * Second target at $3,567.068 2. Extended Target (FVG Retest Zone): Possible drop towards $3,545.870 if bearish momentum remains strong. 📊 Resistance & Support Levels Key Resistance: $3,600.205 (recent swing high) Immediate Resistance: $3,586.545 (current price) Support Zone: $3,578.224 (minor support) $3,567.068 (key level to watch) FVG Retest Zone: $3,545.870 (major support) 🧠 Final Thought Gold is facing downward pressure after testing its highs. A short setup is valid as long as price stays below $3,600. If the support at $3,567 fails to hold, expect a deeper move into the FVG zone. Always wait for confirmation candles and manage risk accordingly. ✅ Note: This setup is for educational purposes and aligns with current price action. Trade wisely with proper risk management.
OANDA:XAUUSDShort
by SmartEdgeTrading
1
NVIDIA Has it bottomed??NVIDIA Corporation (NVDA) broke last week below its 1D MA50 (blue trend-line) for the first time in 4 months (since May 06). That was perceived as the bullish trend's strongest Support and rightfully so technically. The next level to watch as a Support is the 1D MA100 (green trend-line), which was the level that held and led the stock to its previous peak during the last strong bullish trend of October 31 2023 to June 20 2024. As you can see, there was a situation similar to today's where the price again broke below the 1D MA50 during the uptrend but kept the 1D MA100 intact and rebounded. Still, it managed to touch the 0.236 Fibonacci retracement level. As a result, there might be potential for one more weekly Leg down to $155.00 (Fib 0.236) before recovering but this would also most likely mean breaking below the 1D MA100. This is doubtful but not impossible but still there are higher probabilities of a rebound sooner. A strong indicator that is in Support of this is the 1D RSI, which just touched its 2-year Support Zone, a level that has always been a 'Buy' whether short or long-term. As far as a Target is concerned, the 2024 Channel Up peaked on the -0.382 Fibonacci extension, which is at $245.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
Gold is bullish, with support at 3580-3560.Gold is bullish, with support at 3580-3560. 1: Following last week's disappointing US non-farm payroll data, expectations for a Fed rate cut have surged. The market currently prices a 100% probability of a September rate cut (89% for a 25 basis point cut and 11% for a 50 basis point cut). 2: Global central banks continue to increase their gold holdings: Global Trends: Global central banks have been net gold buyers for 14 consecutive quarters, with official reserves increasing by 166 tons in the second quarter of 2025. Gold's share of non-US central bank reserves has exceeded that of US Treasuries for the first time since 1996, reflecting an accelerating trend toward de-dollarization. 3: Threats to the Fed's independence: Trump has openly pressured the Fed to cut rates and has stated that he will secure a Fed majority. If the Fed's credibility is damaged, gold prices will continue to soar. 4: Trump signed an executive order exempting gold and several key minerals (such as tungsten, uranium, and graphite) from import tariffs. The order took effect in the early hours of September 8, supporting physical gold flows. 5: Negative Factors: Technically overbought: Short-term correction pressure is increasing. Profit-taking pressure: Gold prices have risen over 36% this year, and some bulls may be closing positions at all-time highs. 6: Trend Structure: Short-term: Within an ascending channel, support is at $3,545 (a key level) and resistance is at $3,629. Confirming a bullish pattern. Support Levels: Short-term: $3,570 (a break below could trigger profit-taking) → $3,545 (yesterday's starting point) → $3,500 (a psychological level). Strong Support: $3,480 (medium- to long-term). Resistance Levels: Short-term: $3,600 (psychological level) → $3,629 (short-term target) → $3,664. Medium- to long-term: $3,699 → $3,810 (investment bank target anchor zone). 7: Technical Trend Probability Forecast: Baseline Scenario (60% probability): Short-term fluctuations around $3,600. If the $3,570 support level holds, gold prices could fall to the $3,620-3,660 range (supported by rate cut expectations and central bank bond purchases). Pullback Scenario (30% probability): Overbought conditions trigger a technical pullback, pushing prices down to the $3,545-3,500 range (although central bank and ETF buying could limit losses). Breakout Scenario (10% probability): If expectations of a Fed rate cut grow or geopolitical risks escalate, a direct breakout above $3,650 could lead to a drop to $3,700. 8: Day Trading Recommendations: Long Strategy: If the price stabilizes in the $3,560-3,580 range, enter a position in batches (with a stop-loss below $3,560), targeting $3,620-3,650. Short Strategy: For short-term traders only - try to enter a small short position around $3,600 (with a stop-loss above $3,605), targeting $3,580-3,570.
OANDA:XAUUSD
by Timo_Weber
Silver | H4 Double Top | GTradingMethod 🧐 Market Overview: All my variables have been met. Some of the variables I look for are as follows: - RSI divergence - Lower volume on top 2 (In this case JOLTS came out, which causes an exception to the volume rule) - Attack candle closes in range Opened a short position on Silver. 📊 Trade Plan: Risk/Reward: 3.9 🎯 Entry: 41.29 🛑 Stop Loss: 41.67 💰 Take Profit 1 (50%): 39.93 💰 Take Profit 2 (50%): 39.34 💡 GTradingMethod Tip: Sometimes news events (like JOLTS) can disrupt normal volume behavior. That’s why it’s key to use multiple variables together, not rely on just one signal. 🙏 Thanks for checking out my post! Make sure to follow me to catch the next idea and please share your thoughts — I’d love to hear them. 📌 Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
PEPPERSTONE:XAGUSDShort
by GTradingMethod
1
EUR/USD: Buy on Dip to Conquer 1.1740Hello traders, looking at the current picture we can see that EUR/USD is still holding steady around the 1.1700 zone. Recent U.S. data showed weaker employment figures, while the market expects the Fed to continue cutting rates in September and possibly again in October. This has put pressure on the USD, giving the EUR room to benefit and maintain its recovery momentum. On the 4H chart, price has repeatedly bounced from the 1.1640 support, proving it to be a strong “shield” for buyers. To the upside, the psychological resistance at 1.1740 remains the key target to break. If price holds above the EMA34 and EMA89 (currently around 1.1660–1.1670) and does not breach 1.1640, EUR/USD is likely to consolidate and then push higher towards 1.1740, and potentially extend to the 1.18 zone. Strategy: Prioritize buy on dip entries around 1.1660–1.1640, with stops below 1.1610, targeting 1.1740 in the short term. As long as price stays above 1.1640, the bullish trend remains intact.
Long
by Rocky_trade_
16
Volatility Declines Amid Flat Trading HBAR’s Average True Range (ATR) has been steadily declining since August 3. The ATR gauges price movement; a falling ATR indicates shrinking fluctuations and low market momentum. Without fresh catalysts, HBAR may remain range-bound for the near term, as volatility continues to compress. HBAR is in a state of balance, showing indecision from both buyers and sellers. Traders should watch for potential catalysts to trigger the next directional move.
by BeInCrypto
Gold Analysis – August 7, 2025Gold continues to surprise traders expecting a correction, printing new highs with almost every candle. Last week’s rally was so sharp that many buy orders around 3400 and even 3470 were left behind – roughly 1700 pips away from current levels. From a technical perspective, we do see early signs of a potential correction on lower timeframes, but patience is key here. Today, the 3585 – 3595 zone will be critical. 🔸 For sellers: a 1H close below 3587 would provide confirmation for potential short setups, ideally from higher levels. 🔸 For buyers: the 3470 zone still offers a safer and lower-risk entry point. Keep in mind: upcoming U.S. news this week could heavily impact market direction. Expect updates to this outlook as price action develops.
OANDA:XAUUSDShort
by SineHeidari