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Parallel Channel

GOLD → Within range. Retest resistance at 3347FX:XAUUSD continues to correct after a false breakdown of support at 3300. Due to uncertainty, the price may remain in the range of 3300-3340 for some time. Gold is fluctuating amid a weak dollar and uncertainty over Fed rates. Gold is struggling to hold on after rebounding from weekly lows, despite the US dollar falling to multi-year lows. Pressure on the dollar has intensified due to Trump's criticism of the Fed and rumors of a possible replacement for Powell. However, gold is limited in its growth due to a pause in geopolitical tensions and hawkish signals from the Fed chair. Investors are awaiting key macro data from the US (e 12:30 GMT Durable goods orders, GDP, Initial Jobless Claims) and especially the PCE inflation report on Friday. Technically, the focus is on key areas of interest: 3300, 3306, 3340, 3347. Until strong news emerges, an intraday trading strategy should be considered. Resistance levels: 3347, 3357 Support levels: 3320, 3307, 3300 Technically, a false breakout of resistance at 3347 and a retest of the local liquidity zone at 3320-3307 are possible before growth continues for the reasons mentioned above. Targets could be 3347, 3364, 3372, and 3396. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
26
GBPUSD → Pre-breakout consolidation. One step away from a rallyFX:GBPUSD is trading in consolidation. Against the backdrop of the falling dollar index, the currency pair is testing resistance at 1.3632 but is not yet ready to bounce down. Against the backdrop of the dollar's decline due to fundamental reasons, the GBPUSD currency pair is strengthening. Technically, this could lead to the price breaking out of consolidation upwards. A pre-breakout base is forming relative to the upper boundary of consolidation. The price is compressing towards the level, volatility is decreasing, which in general could lead to a breakout of resistance - trigger 1.3632. The exit from consolidation may be accompanied by distribution. The liquidity zone with W1 can be considered as a target. Resistance levels: 1.3632, 1.3743 Support levels: 1.3593, 1.3508 The global and local trends are bullish. After growth, consolidation is forming. Against the backdrop of the falling dollar, GBPUSD is testing resistance. The reaction to the false breakout of resistance is weak. The chances of a breakout are quite high. Best regards, R. Linda!
Long
by RLinda
14
Euro may start to decline to support line of upward channelHello traders, I want share with you my opinion about Euro. Earlier, the price was trading inside a downward wedge, gradually making lower highs and lower lows. After reaching the bottom of the wedge near the buyer zone (1.1210 - 1.1180), we saw a strong bullish impulse that broke through both the resistance line of the wedge and the support area near 1.1450 - 1.1485. This breakout signaled the beginning of a new phase - a transition into an Upward Channel. Since then, the price has been forming higher highs and higher lows, respecting both the upper and lower boundaries of this new structure. Along the way, it has rebounded from the support line multiple times and recently made a strong move up toward the resistance line of the channel. Currently, the price is approaching that resistance line, which may act as a potential reversal area. Given the previous price behavior and the clearly defined channel, I expect the price to reach the top boundary and then start to decline toward the lower support line. That’s why I’ve set my TP 1 at 1.1555 points, which aligns perfectly with the support line of the upward channel. Based on the recent breakout, the structure of the trend, and the reaction from key zones, I remain short-biased for the upcoming sessions. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
3
GBPUSD Hits Channel Highs – Watch for Exhaustion or BreakoutGBPUSD continues its impressive rally, tapping into the upper boundary of a clean ascending channel across the 1D and 4H timeframes. 🔹 Daily: Structure remains bullish with price pressing into long-term channel resistance near 1.3765. This is a key inflection point — bulls may need fresh momentum to break above. 🔹 4H: Sharp impulsive move has stretched to the upside channel line. RSI likely overextended. Look for signs of exhaustion or bearish divergence here. 🔹 1H / 23m: Lower timeframes show aggressive bullish control, but price is stalling near the highs. If we break structure or reject this zone, we could see a correction toward 1.3660 or deeper. 📉 If rejection occurs here, short opportunities may present toward mid-range or trendline support. 📈 If we break and close above 1.3780 with volume, continuation toward 1.3850 becomes likely. 💡Key Levels: • Resistance: 1.3780, 1.3850 • Support: 1.3660, 1.3600
by AutoMarkets
EURUSD Wave Analysis – 25 June 2025 - EURUSD broke resistance level 1.1575 - Likely to rise to resistance level 1.1800 EURUSD currency pair recently broke the resistance level 1.1575 , which is the former monthly high from the middle of April. The breakout of the resistance level 1.1575 continues the active short-term impulse wave 3 of the intermediate impulse wave (3) from the start of May. Given the strong daily uptrend, EURUSD currency pair can be expected to rise to the next resistance level 1.1800, which intersects with the daily up channel from May.
Long
by FxProGlobal
GOLD → Attempt to buy back the fall. Uncertainty factorFX:XAUUSD is falling within our expectations. After breaking through the trigger-level of 3340, the price fell to the liquidity zone of 3306. There is uncertainty in the market... Gold is rising after a false break of support at 3300-3306, interrupting a three-day decline amid a weakening dollar and ongoing tensions in the Middle East. Investors are cautious due to the unstable truce between Iran and Israel, while the decline in USD/JPY after the Bank of Japan's statements and the rise in PPI in Japan are further supporting demand for gold. Powell's comments on the need for caution in monetary policy only temporarily strengthened the dollar. Now the market is focused on US housing data and the second day of Powell's speech Technically, the price may consolidate at 3306-3347 for some time and only then show us (against the backdrop of the fundamental sentiment that has formed) which direction it will then take Resistance levels: 3347, 3364, 3372 Support levels: 3319, 3307 The market is trying to buy back the decline. Tuesday's daily session closed with a long shadow, indicating interest in this price range. A pullback to 3320-3310 is possible before growth to 3340-3347. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
SOONUSDT → The coin that gets killed...BINANCE:SOONUSDT.P is under pressure. The coin looks extremely weak against the backdrop of a bullish market, with key support ahead, separating traders from the panic zone and a sharp decline This coin is being killed. The price is gradually consolidating and compressing before support - the trigger is 0.2332. Against the backdrop of the overall decline that the market has experienced after a slight impulse from 0.2332, shocks are forming with the aim of capturing liquidity (red check marks). This generally indicates that large players are gathering a bearish position. A breakout of the risk zone will trigger panic and distribution. Against the backdrop of growth in Bitcoin and the top 10 cryptocurrencies (bull market), the SOON coin is gradually declining and contracting towards key support, which could be broken accompanied by strong sell-offs. Resistance levels: 0.2478, 0.25777 Support levels: 0.2332 If the coin continues to contract towards the 0.2332 support and form a pre-breakdown consolidation, there will be little chance of survival. In the short and medium term, I expect prices to fall. Best regards, R. Linda!
Short
by RLinda
6
EURAUD → Breakout and consolidation above key supportOANDA:EURAUD is trying to consolidate above the key support zone of 1.76 - 1.77. Within the uptrend, bulls have a fairly good chance. The market continues to break of structure, confirming the bullish sentiment on the chart. A correction is forming from 1.7882. Before rising, the price may test support. The currency pair is supported by its own bullish trend and the falling dollar (especially against the backdrop of economic problems with the USD (DXY)). Technically, the currency pair looks quite positive. After the formation of another ‘bos’, we are seeing a correction to the Fibonacci zone of 0.7 and support at 1.7696. If, during the retest, the bulls manage to hold their ground above the key support level, growth may continue in the medium term. Support levels: 1.7696, 1.7629, 1.7463 Resistance levels: 1.7882, 1.7988 Locally, a reversal pattern is forming relative to the specified zone (as part of a correction). We need to wait for confirmation (price consolidation above the level). The potential within the bullish trend is quite large, and in the medium and long term, the price may test 1.85. Best regards, R. Linda!
Long
by RLinda
4
GOLD → Declining interest. Retest of supportFX:XAUUSD experienced significant volatility toward the end of the US trading session. This was due to developments in the Middle East. The de-escalation of the situation is leading to a decline in interest in the metal. The announced ceasefire between Iran and Israel has reduced demand for gold as a safe-haven asset, while falling oil prices have reduced its appeal as a hedge against inflation. Gold is supported by expectations of a Fed rate cut in July. The focus is on Fed Chair Powell's testimony before Congress and further developments in the Middle East. Technically, the price confirms the local bearish structure. A continued assault on the 3340 support level could trigger a further decline. Support levels: 3343-3340, 3320 Resistance levels: 3360, 3366 Focus on the trading range (consolidation) 3340 - 3400. De-escalation of the conflict in the Middle East may lead to a decline in interest in gold as a hedge asset, which may cause the price to break down of consolidation. If the retest of 3340 continues, the price will begin to contract before the level, in which case the chances of a breakdown and decline will only increase. The target will be the liquidity zone of 3320 - 3306 Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
38
Platinum Wave Analysis – 24 June 2025- Platinum reversed from the support area - Likely to rise to resistance level 1350.00 Platinum recently reversed up from the support area between the upper trendline of the recently broken up channel from May (acting as the support after it was broken) and the support level 1250.00. The upward reversal from this support area continues the active minor impulse wave 5 from the end of May. Given the strong daily uptrend, Platinum can be expected to rise to the next resistance level 1350.00 (which stopped the previous impulse wave i).
CAPITALCOM:PLATINUMLong
by FxProGlobal
GBPJPY → Assault on the resistance 196.400FX:GBPJPY under the pressure of the bull market breaks through the resistance with the aim of possible continuation of growth and retest of the liquidity zone Against the background of the dollar growth, the Japanese yen is losing value, which in general may provide support for the currency pair GBPJPY The currency pair, after a false breakout of the key resistance and a small correction, technically, the bullish structure has not broken. The price returns to the resistance at 196.400 and breaks it. If the bulls hold their defenses above the level, we can expect a rise Resistance levels: 196.400, 198.24 Support levels: 195.94, 195.45 Consolidation above 196.400, retest and break of 196.93 may trigger continuation of the growth. Zones of interest 198.24, 198.94 Regards R. Linda!
Long
by RLinda
4
XAUUSD Price Analysis | Bearish Reversal in ProgressGold has sharply broken down from the upper boundary of a well-respected parallel channel, hinting at a potential trend reversal. 🔎 Technical Breakdown: Strong rejection at ~$3,440 resistance zone Break in market structure = early signs of bearish momentum Support 1: $3,300 – key short-term zone Support 2: $3,250 – major confluence level If price fails to hold above $3,300, a continuation toward $3,250 looks likely in the coming sessions. 📊 Trade Setup Bias: Bearish Entry Zone: On pullbacks below $3,390 TP1: $3,300 TP2: $3,250 SL: Above $3,420 (recent swing high) ⚠ Watchlist Dates: 🗓 June 18 – FOMC Meeting (high impact) 💬 What’s your outlook? Will gold hold $3,300 or are bears in control? Let’s discuss below! #Gold #XAUUSD #PriceAction #TradingView #TechnicalAnalysis #Forex #FOMC #MarketOutlook
OANDA:XAUUSDShort
by James-Pipstr
Bitcoin can correct to support line of channel and start to growHello traders, I want share with you my opinion about Bitcoin. The price was moving inside a strong upward channel, where it managed to break through the support level and then the resistance level, eventually reaching the seller zone. After that, BTC started to turn around and declined, once again breaking through the 109000 resistance level, this time from above. That movement also marked an exit from the upward channel. Following that, the price made a correction move down to the support level — the same zone that previously acted as a breakout area. From there, BTC showed strength again with a bullish impulse upward, returning to the Seller Zone. However, that rally was short-lived. The market started to decline again, this time forming a downward channel. Now the price is approaching the support line of this channel, which coincides with the support level around 100500 and the buyer zone between 99500 and 100500. I think BTC can decline a bit further to test this support line, and then rebound from this area, starting a new upward move toward the channel resistance line. That’s why I’ve set my TP at 106000 points, just below the resistance line. Given the structure and past reactions from these zones, I remain bullish and expect further growth after this local pullback. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDLong
by LegionQ8
18
USDCHF - Bearish => Bullish => Now Bearish?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈USDCHF has been overall bearish trading within the falling channel marked in orange. And it is currently retesting the upper bound of the channel. Moreover, the green zone is a strong resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper orange trendline and resistance. 📚 As per my trading style: As #USDCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
5
EURGBP - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURGBP has been overall bullish trading within the rising channel marked in blue. And it is currently retesting the upper bound of the channel. Moreover, the orange zone is a strong weekly resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and resistance. 📚 As per my trading style: As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
4
EURUSD - Shifting from Bearish to Bullish Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURUSD has been overall bullish trading within the rising wedge marked in blue. Moreover, the orange zone is a strong support! 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
4
ETHEREUM → Rally and liquidity capture. Up or down?BINANCE:ETHUSDT.P is strengthening following Bitcoin. This is a reaction to developments in the Middle East, namely Trump's comments on peace. But there are doubts... The crypto market is reacting to the situation in the Middle East, namely Trump's statements about peace. But apart from him, no one else is talking about peace. No agreements have been reached, so the level of risk is quite high. Another nuance hinting at the general mood in the market: 66% of the largest traders on Hyperliquid are currently shorting crypto — Cointelegraph ETH, technically, has stopped in the trend resistance zone as part of a local rally in the Pacific session. If there is not enough potential to break through the trend resistance and the price forms a false breakout of 2390, the local trend may continue Resistance levels: 2433, 2475 Support levels: 2390, 2313 The inability to continue growth will confirm the fact of bearish pressure (market distrust of the bullish momentum). The past momentum, in hindsight, can be considered manipulation (liquidity capture). Consolidation below 2390 may trigger a decline. Best regards, R. Linda!
Short
by RLinda
4
ADAUSDT → Bear market. Support breakdownBINANCE:ADAUSDT.P is in the distribution phase after exiting consolidation. The coin continues to update local lows within a downtrend. Technically, the cryptocurrency market is in stagnation/correction, as there is no bullish driver yet. Bitcoin is currently consolidating but continues to shoot local downward impulses, which generally has a negative impact on coins. ADA is entering a distribution phase of accumulation formed in the range of 0.62 - 0.71. If the bears keep the price below 0.62-0.6, ADA may well test the intermediate bottom of 0.5364-0.51 Resistance levels: 0.61, 0.62 Support levels: 0.5993, 0.5364 Focus on 0.61 and the local level of 0.5993. Price consolidation below this zone could confirm the bearish nature of the market, which could lead to another decline. Best regards, R. Linda!
Short
by RLinda
7