Gold XAUUSD 30M – Intraday Range PlanPrice is holding between $3,379.19 (resistance) and $3,357.56 (support). We are sitting in the middle of the box near $3,363–$3,364, with choppy candles showing hesitation. Scalps are possible, but reversals can be sharp inside this range.
🔼 Bullish Plan (needs confirmation)
Trigger: A clean 30min close above $3,379.19 (not just a wick).
Targets: First into $3,381.73, then $3,384.47. If momentum stays, room opens for $3,390+.
Management: Take partials at the first target, move SL to breakeven once $3,379 is defended.
🔽 Bearish Plan (cleaner below support)
Trigger: A 30min body close below $3,357.56.
Targets: First into $3,354.68, then $3,352.27. If sellers stay aggressive, extension into $3,347.98.
Management: Scale out at first target, protect remaining at breakeven.
🔄 Range Scalp (higher risk, small size)
Shorts: Near $3,379 on a strong rejection → aim for mid-range $3,365–$3,367, SL above rejection high.
Longs: Near $3,357–$3,358 on rejection wick → aim mid-range, SL under lows.
⚠️ Use reduced size – fast whipsaws possible inside this chop.
✅ What Confirms a Break
Strong 30min body close through the level.
Follow through with momentum candles.
❌ What Invalidates
Breakout candle closes back inside range on the next bar → likely trap.
Multiple wick pierces with no follow through.
📌 Bottom Line
Above $3,379.19 → bullish bias toward $3,384.47+.
Below $3,357.56 → bearish bias toward $3,352.27 and $3,347.98.
Inside the box = scalp zone only, manage risk carefully.
M-forex
GOLD spikes after Trump's move, with technical conditionsOANDA:XAUUSD surges after Trump's move, US President Donald Trump decided to fire Federal Reserve Governor Lisa Cook over allegations that she falsified mortgage records. The news affected the US Dollar index to fall sharply in early Asian trading on Tuesday (August 26), while spot gold prices rose nearly 35 dollars.
On Monday evening local time, US President Trump posted a letter to Federal Reserve Governor Cook on the social media platform Truth Social, stating that he would remove Federal Reserve Governor Cook from his position, effective immediately.
Trump stated in the document: "By virtue of the authority vested in me under Article II of the United States Constitution and the Federal Reserve Act of 1913, as amended, I hereby order to immediately remove Mr. Cook from his position on the Board of Governors of the Federal Reserve System.
Given Mr. Cook’s fraudulent financial conduct and potential criminal conduct, I have no confidence in his integrity.
At the very least, these actions expose his serious negligence in financial dealings and call into question his competence and credibility as a financial regulator.”
“The American people must have full confidence in the integrity of those who set policy and oversee the Federal Reserve,” Trump said. “Given his fraudulent and even criminal conduct in financial matters, they cannot have that confidence, and I have no confidence in his integrity.”
The move comes after the U.S. Justice Department said it plans to investigate Cook after Federal Housing Finance Agency Director Bill Pulte filed criminal charges alleging possible mortgage fraud.
Bloomberg News reported that the investigation is the latest in a series of moves by the Trump administration to increase regulatory scrutiny of Democratic figures and put pressure on the Federal Reserve.
TVC:DXY Falls Sharply, Gold Price Spikes Nearly $35 in Short Term
The US Dollar Weakens Against All Major Currencies After Trump Fires Federal Reserve Governor Cook. Bloomberg said Trump's move has undermined people's confidence in the US Dollar, the world's reserve currency.
Cook’s departure is bad for the Dollar as it opens the door for President Trump to appoint a new governor who may be more inclined to cut interest rates. This further challenges the independence of the Federal Open Market Committee (FOMC), the cornerstone of the Dollar’s safe-haven status, and this could lead to further sell-offs in the Dollar, and of course, gold, which is directly correlated to the Dollar, will receive support from this.
Technical Outlook Analysis OANDA:XAUUSD
Gold briefly surged above the 0.236% Fibonacci retracement level after the news but has now pared its intraday gains back below the said Fibonacci retracement level.
However, it is also achieving the initial technical conditions for a bullish outlook in the short term with price action above the EMA21 and the Relative Strength Index (RSI) moving above 50, an RSI above 50 with some significant slope would be a reliable signal for momentum support.
In terms of the overall technical picture, gold has not yet established a specific long-term trend with a sideways accumulation state that has lasted for the past few months, depicted by the green rectangle.
Therefore, short-term trades are preferred in the current technical context, and the key points for this trading day are listed below.
Support: 3,350 – 3,310 – 3,300 USD
Resistance: 3,371 – 3,400 – 3,430 USD
SELL XAUUSD PRICE 3407 - 3405⚡️
↠↠ Stop Loss 3411
→Take Profit 1 3399
↨
→Take Profit 2 3393
BUY XAUUSD PRICE 3350 - 3352⚡️
↠↠ Stop Loss 3346
→Take Profit 1 3358
↨
→Take Profit 2 3364
EUR/USD BULLISH TRADE SETUP ON 2HOUR TIMRFRAME,,,,,,,EURUSD (2H) Trade Setup
Entry: 1.1631
Resistance Levels:
R1: 1.1665 – 1.1675
R2: 1.1700 – 1.1710
Targets:
TP1: 1.1700 (+69 pips)
TP2: 1.17418 (+111 pips)
Stop-loss options:
Tight SL: 1.1608 (risk 23 pips)
Wide SL: 1.1585 (risk 46 pips)
---
🔹 Risk–Reward Analysis
Tight SL (1.1608):
TP1 → R:R ≈ 3.0
TP2 → R:R ≈ 4.8
Wide SL (1.1585):
TP1 → R:R ≈ 1.5
TP2 → R:R ≈ 2.4
---
🔹 Technical View
1. Trendline Support: Price has reclaimed upward trade-line, indicating bullish momentum.
2. Cup Formation: Rounded base pattern suggests accumulation and breakout potential.
3. Resistance Test: First challenge is around 1.1670. A clean break opens way to 1.1700.
4. Extension Target: If momentum sustains, price can stretch to 1.1740 supply zone.
---
🔹 Trade Management
Enter at 1.1631 or after a bullish 2H candle close above 1.1650.
Take partial profit at TP1 = 1.1700.
Let rest ride to TP2 = 1.17418.
After TP1 is hit, move SL to breakeven.
Invalidation: A 2H close below 1.1608.
---
✅ Summary (Pro Signal):
EURUSD buy from 1.1631, targeting 1.1700 and 1.17418. Strong R:R (up to 1:4.8) with confirmation from rounded base breakout and trade-line support.
NZDCHF: Downtrend MomentumSimilar to NZDCAD, there's a very similar signal on NZDCHF.
Daily Timeframe:
Unlike with NZDCAD, price broke through support very cleanly. It is currently holding below with no indication of a fakeout.
Likewise, EMA20 remains firmly below EMA60, which is the other indication that this is a downtrend.
Hourly Timeframe:
I use an ascending intraday trendline to indicate when the counter-trend movement is coming to an end. As price breaks below the intraday trendline, that's a good indication of confluence in the overall trend direction.
The EMA crossover is not great, which is a little bit of a concern to me. Will need to reduce risk and potential scale into a position depending on how this trade goes.
NZDCAD: Price Holding Below SupportNZDCAD has been in a messy daily range. The daily levels do not hold cleanly. However, I do think there's an opportunity here regardless.
The first trendline break indicates weakness. The second trendline break is cleaner as price is able to hold below this level on the daily timeframe.
Looking at the intraday timeframe, I plotted a trendline to look for confluence. Price crosses below this trendline and is somewhat supported by an exponential moving average crossover.
There is an opportunity to scale into this trade provided that it starts trending cleanly.
USDCHF "Descends" Into Multiple False Breakouts of the Triangle!Price on OANDA:USDCHF has been falling in a Descending Triangle Pattern shown here on the 4Hr Chart.
Price ending last week created 2 False Breakouts of both the Falling Resistance and Horizontal Support!
Price soon will be looking to make a Breakout with it consolidating tighter into the Apex of the Triangle.
Once a Breakout is validated, we will want to see a Retest!
BTC/USDT: Breakout, Heading for a Bullish WaveBTC/USDT staged a strong breakout following dovish signals from the Fed at Jackson Hole, which drove capital back into risk assets, with Bitcoin among the biggest beneficiaries. At the same time, Tether’s move to increase transparency by appointing a former White House crypto adviser has further strengthened market confidence, supporting the medium-term bullish outlook.
On the chart, price is seeing a mild correction around 111,000–112,000 but remains within the long-term ascending channel. The 107,800 zone acts as key support; if it holds, BTC could rebound toward the next resistance area near 123,600. Conversely, a break below 107,800 would put the bullish structure at risk.
With favorable news and a strong technical setup, BTC/USDT continues to lean toward an upside scenario, making buy-the-dip strategies attractive.
AUD/USD: Recovery After a Sharp DeclineAUD/USD fell sharply to a two-month low around 0.6410 after the USD strengthened significantly, driven by reduced market expectations of a Fed rate cut in September, while the RBA kept interest rates unchanged, providing no additional support for the Aussie. However, following the heavy selling pressure, the pair staged a technical rebound toward 0.6490, mainly supported by USD profit-taking, though this is not yet a signal of a sustainable bullish trend.
On the chart, the 0.6480 support level is still holding, and price is now moving toward the 0.6520 resistance zone. A breakout above this level could reinforce short-term bullish momentum and extend the recovery. Conversely, failure to break higher may lead to a pullback toward 0.6445, or even a retest of the 0.6414 low.
In the current context, this is viewed as an important technical rebound after a steep drop, but not yet enough to confirm a long-term uptrend. Traders should carefully watch the market’s reaction around the 0.6520 resistance before deciding on their next strategy.
USD/JPY: Increasing Downside PressureUSD/JPY is currently trading around the 147 level after a technical rebound, but the overall trend still leans to the downside. Recent news shows that the Fed has adopted a dovish stance, weakening the USD, while strong Japanese economic data has reinforced expectations that the BoJ may tighten policy further, lending greater support to the yen. Major institutions such as Nomura have even forecast that USD/JPY could fall toward the 142 area in the coming months.
From a technical perspective, the 148.2 resistance zone is acting as a strong barrier, where price is unlikely to break through given the current news backdrop does not favor USD strength. On the contrary, failure at this level could trigger a reversal, with USD/JPY likely to retest support at 146.2 and potentially extend lower toward the 145 region – a key area that could determine a deeper decline.
Thus, despite short-term fluctuations caused by profit-taking and temporary balance, the medium-term outlook continues to favor a bearish trend, in line with both fundamental drivers and the current technical structure.
Battle Of Wicks Confirms Pennant On EJ, Which Leg Will Break?!Here on OANDA:EURJPY we can see Price has been volleyed back and forth between a Falling Resistance and Rising Support at similar degrees forming a Pennant Pattern!
Currently we can see the Consolidation is getting tight and likely to breakout soon, the question is which leg will break?!
Fundamentally EUR and JPY have news events littered throughout this week that will give us some good insight into both currencies corresponding economies, like Tokyo Core CPI y/y on Thursday, Aug. 28th with a Bearish forecast of 2.6%, down from 2.9%!
For now, we must wait for Price to give us a Breakout and Retest!
Gold Faces Short-Term Cooling: Watch the Gap at 3,355–3,345Hello everyone, looking at this H2 chart, what do you see in XAU/USD?
Technically, gold has just spiked sharply and is now trading narrowly just below 3,372–3,375 USD. The spike left a very clear bullish Fair Value Gap (FVG) at 3,355–3,345 USD. On the Ichimoku cloud, the price has just slightly exceeded the cloud’s edge, but the forward kumo is fairly flat – a setup that often “pulls” price back to test the gap before any further breakout.
Above, the old supply FVG around 3,372–3,375 USD still shows where price was restrained, with a series of short-bodied candles and long upper wicks. Below, the green FVG at 3,355–3,345 lies near the cloud’s edge – a new equilibrium formed after the spike.
What stands out is how price is “holding its breath” just below 3,372 while the flat kumo stretches ahead and the FVG sits right beneath: this trio often signals a technical retracement to fill the gap at 3,355–3,345 before the market decides the next move.
Watch price action around 3,372 closely: if rejected at the old supply FVG, the likelihood of a pullback to 3,355 → 3,345 is high. Only a firm H2 close above 3,372 would brighten the chance of continuing to 3,380.
What do you think about this gap-fill scenario? Leave your thoughts in the comments below!
Pullback Eyes 1.166–1.162Hello everyone,
The recent spike stalled near 1.173–1.175, forming long upper wicks and lower closes – showing buyers were absorbed at higher levels. The 1.166–1.162 area, aligned with dense liquidity and the Ichimoku cloud edge, acts as a short-term balance zone. A retracement toward 1.166, potentially extending to 1.164–1.162, appears likely.
Macro factors support this pullback: after Jackson Hole, the Fed’s cautious rate-cut message is largely priced in. Early-week USD strength paused upward momentum, while upcoming U.S. data – including New Home Sales, Durable Goods, Consumer Confidence, preliminary GDP, unemployment claims, and core PCE – may reinforce USD and push EUR lower.
BTCUSD - Short-term selling opportunity?Hello everyone, it’s great to see you again in today’s discussion.
BTCUSD extends yesterday’s decline, trading around 111,500 USD with a series of red candles. The pressure comes from stronger U.S. economic data, with the USD recovering as markets believe the Fed is not ready to cut rates just yet.
Looking ahead, I expect BTCUSD could break through its current support and move lower, paving the way for a deeper decline in line with the strategy outlined on the chart.
👉 What are your thoughts on this outlook? Feel free to share your perspective with me!
Potential bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 61.8% Fibonacci support.
Pivot: 1.3875
1st Support: 1.3790
1st Resistance: 1.3942
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
Bullish reversal?The Kiwi (NZD/USD) is reacting off the pivot, which acts as a pullback support and could rise to the 1st resistance, which is a pullback resistance.
Pivot: 0.5847
1st Support: 0.5803
1st Resistance: 0.5914
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
Could the price reverse from here?The Aussie (AUD/USD) is reacting off the pivot that lines up with the 50% Fibonacci retracement and could drop to the 1st support.
Pivot: 0.6492
1st Support: 0.6451
1st Resistance: 0.6530
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
Bullish bounce for the Fiber?The price is falling towards the pivot, which acts as an overlap support and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 1.1591
1st Suport: 1.1532
1st Resistance: 1.1677
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
Bullish bounce off major support?The Cable (GBP/USD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 1.3390
1st Support: 1.3270
1st Resistance: 1.3524
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
USD/CHF - In depth breakdown🕰 Weekly Outlook
Context: Price is trading within a broad weekly swing range, rejecting resistance and leaning back into discount pricing.
Key Zones:
Resistance formed around 0.92 – 0.94 where sellers previously defended.
Weekly support sits near 0.78 – 0.80.
Bias: Weekly structure favors a return into discount after supply held.
Liquidity: Watch for sweeps into Sell Side Liquidity (SSL) before any deeper moves.
📉 Daily Structure
Price is consolidating sideways with both buy-side & sell-side liquidity building.
Notable level: 0.8024.
If this low breaks → bearish continuation.
If it holds → daily bias leans bullish back toward range highs.
Daily supply above suggests upside is corrective unless liquidity sweeps first.
⏱ 1H Breakdown
Strong supply formed around 0.8080 – 0.8100 (internal range high).
Multiple volume gaps and fair value inefficiencies visible — showing imbalance in recent bearish impulse.
Price recently retraced to 71% Fib zone and rejected, showing sellers active.
If intraday sellers step in here, downside targets are:
0.8051 intraday support
Then deeper into 0.8024 major level.
If bulls reclaim 0.8080 → likely squeeze toward 0.81+ (but still within higher-timeframe supply).
🎯 Trade Plan
Main Idea: Look for shorts off 0.8080 – 0.8100 supply with confluence from fib retracement + imbalance fill.
Targets:
TP1: 0.8051
TP2: 0.8024
Invalidation: Clean break and hold above 0.8110 (HTF supply invalidated).
Swing Option: If HTF bearish structure continues, possible extension toward 0.7950 – 0.7900 later.
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5850 will confirm the bearish momentum.
The measured move target is 0.5800.
We look to Sell at 0.5880 (stop at 0.5910)
Our profit targets will be 0.5805 and 0.5800
Resistance: 0.5880 / 0.5900 / 0.5910
Support: 0.5850 / 0.5825 / 0.5800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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