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Nasdaq-100 Wave Analysis – 15 September 2025 - Nasdaq-100 broke key resistance level 24000.00 - Likely to rise to resistance level 25000.00 Nasdaq-100 index recently broke above the key resistance level 24000.00 (upper border of the narrow sideways price range inside which the index has been trading from July). The breakout of the resistance level 24000.00 accelerated the active impulse wave v of the higher order impulse wave 5 from June. Given the clear daily uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 25000.00, target for the completion of the active impulse wave v.
FXPRO:NDAQ100Long
by FxProGlobal
5020 - 13 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSE:5020Long
by TheArtOfCharting
Yes the chicken man - PPC Short?PPC is at the bottom of a monthly box and at VAL of the daily and weekly anchored volume profile. It could catch a bid here and retest $45.60s(VPOC). If the retest ends in a rejection of that area, and a daily close below the previous low around $41.95 then I expect short continuation and validation of the H&S. I would especially like this trade after a retest and rejection of box bottom around $43.41 - $43.30. My targets would be 40.11, 38.98, 37.27,35.96 then 33.72.
NASDAQ:PPC
by The_Villain_777
1
Webull Chart - Robinhood Competitor?Calling all matadors, we got a bull to corral. I've charted some levels of interest for a speculative hold. Many view webull as a potential competitor for robinhood, although fundamentally, bull is in no-where near in the financial position that hood is in terms of free cash flow and expenses (or innovation as far as I've seen). This could make a great swing trade on pure technicals. If the brokerage industry sees a period of exuberance(like we've seen in the quantum space), bull could catch a bid. This could also occur if we see a rotation out of hood. I would love to pick up some shares or calls if the name completes a look below and fail of the anchored volume profile's value area low(around $12.28). or a LBAF of the box bottom @ $10.20. So far webull has been consolidating. I believe a hold above the VPOC (volume point of control @ $15.43), a breakout of the lower boxes and reclaim of the larger upper box around $18.33-$18.87, could see a push to the mid 20s and 30s at least. If we are following box rules for that potential trade, then I would not be surprised if bull goes to the box midpoint @ $48.97. If this thing holds above the VPOC around $15.43 or does a LBAF of either $12.28 or $10.20 it's ripe for picking imo. Now this is pure speculation, and my analysis could be a shack of shit, who knows, BUT if these set ups present themselves, I would like to roll the dice. ~ The Villain
NASDAQ:BULLLong
by The_Villain_777
1
ICON — Breakout from Rectangle with H Projection Targeting $700ICON (3D) — Technical Structure Analysis ICON has broken out from a prolonged horizontal rectangle pattern ($380–$540). The move activated a measured move structure with two H-sized waves. The first H was completed. The second H projects a move to the $700 area. Key points: -Confirmed breakout from range -First H = 153 pts, completed -Second H = 162 pts, targeting $700 -Price holding above breakout zone ($515–$541) ICON has moved out of accumulation and entered trend expansion. As long as the support holds, the scenario remains valid. The technical model targets the $700 area.
TASE:ICONLong
by TotoshkaTrades
Gold Analysis – Is the Correction Over?Yesterday I maintained my bias that OANDA:XAUUSD correction could extend lower, with 3570 as the focus for the next swing low. I even sold rallies above 3640 zone with that scenario in mind. However, after the CPI release, Gold dipped to 3620 zone but quickly recovered. That prompted me to lock in a modest 100 pips gain rather than fight the market. A wise move in hindsight, since Gold is now back testing the 3650+ resistance zone. So, is the correction finished? ➡️ Most probably, yes. Here’s why: • Bulls are defending the 3620 zone, stepping in strongly on dips. • The chart is shaping into a rectangle, typically a continuation pattern, which suggests consolidation before trend resumption. • Momentum is aligning again with the broader bullish trend. Trading Plan: • As long as 3620 holds, my strategy shifts to buying dips instead of selling rallies. • A break above 3660 would open the path for continuation, with 3700 as the next bullish milestone. The market has spoken – the correction seems to be losing steam, and the trend is ready to reassert itself. 🚀
OANDA:XAUUSDLong
by Mihai_Iacob
8
Germany 40 Index – Range Trade or Something More?It has been a nervy week for the Germany 40 index as it has struggled for direction ahead of today’s ECB rate decision, which is due at 1315 BST, and then the press conference, led by ECB President Lagarde, which starts at 1345 BST. While general sentiment has been boosted by US inflation data (PPI) supportive of a Federal Reserve rate cut next week, helping to lift the Germany 40 up to a weekly high of 23887 (Wed), issues related to Ukraine, including a violation of Polish airspace by a Russian drone leading to it being shot down, and the start of discussions between the US and EU regarding the potential for new tariffs on China and India, two big export markets for German companies, for their continued purchases of Russian energy, have weighed on rallies, which resulted in lows being seen at 23582 this morning (0700 BST). Now, looking forward, Germany 40 traders may be focused on the ECB who are fully expected to keep interest rates unchanged, which could shift the focus for volatility to what Madame Lagarde says regarding the potential for one more 25bps (0.25%) rate cut in December, economic growth, the outlook for global trade and the sustainability of European government debt, particularly in France. Any surprises here, combined with the US CPI release at 1330 BST could decide where the Germany 40 moves into the weekend, ensuring that monitoring the technical outlook could also be helpful for traders. Technical Update: Range Trade or Something More? Since early July, when the Germany 40 index hit its all-time high of 24639 on July 9th, it hasn’t shown a clear upward or downward trend. As shown on the chart below, prices have mostly moved sideways, staying between the resistance level at 24639 and the support level at 23378, which was the low on August 1st. It is impossible to say when this type of sideways price movement will end. A strong close above the resistance level or below the support level would suggest that prices may start moving more steadily in the direction of the break. That said, with recent price weakness and a decline toward the August 1st low of 23378, traders may be wondering whether this could lead to a break lower from the sideways range, or if support will hold again, keeping the range intact. So, let’s look at what may be the key support and resistance levels to watch Potential Support Levels: One could argue that the August 1st low of 23378 is the first key support to watch. If prices close below this level, it could signal a more extended phase of weakness, with the next potential support being 23013, which is the low from June 19th. While there is no guarantee of further weakness, a close below 23013 could trigger a deeper decline toward 22420, which marks the 38.2% Fibonacci retracement of the price strength from April 7th to July 9th, possibly further. Possible Resistance Levels: While the July 9th high of 24639 remains the key resistance level marking the upper boundary of the current sideways range, if the August 1st low of 23378 continues to hold and sees a rebound, traders may want to watch for earlier resistance levels that could come into play before opening possibilities of moves toward the top of the range. As shown in the chart above, the Bollinger mid-average is currently declining and sits at 24006. This level may act as the immediate resistance. If prices manage to close above 24006 in coming sessions, it could open the door for a retest of the July 9th high at 24639. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40
by Pepperstone
EVLV 1WEVLV — a rectangle pattern has formed, and the 100 MA has crossed above the 200 MA, signaling the start of a potential trend reversal. Targets: $8.29 and $12.94. As of May 2025, the fundamental outlook for Evolv Technologies Holdings Inc. (ticker: EVLV) is as follows: The company continues to show strong revenue growth and improving key financial metrics, despite remaining unprofitable. Revenue for 2024 reached $103.9 million, up 31% from 2023, while the net loss was halved to $54 million. EBITDA improved to -$21 million from -$51.8 million the year before. Annual recurring revenue (ARR) grew by 39% to $99.4 million. The company maintains a strong financial position with $51.9 million in cash and zero debt. The stock is currently trading at $4.44, above its estimated intrinsic value of $2.76 according to AlphaSpread. Analysts remain optimistic, giving EVLV a “Strong Buy” rating and forecasting an average price target of $5.31, suggesting about 19.6% upside potential. However, investors should keep in mind that the company is still unprofitable, and the current market valuation exceeds its fundamental value.
NASDAQ:EVLVLong
by TotoshkaTrades
XAUUSD 15M – Bullish Structure | BULLS STEPING INFOREXCOM:XAUUSD Structure | Trend | Key Reaction Zones Price is moving inside an ascending channel, showing higher lows (HL) and bullish structure. Demand zone around 3643 – 3645 has been retested successfully, keeping buyers active. Market Overview Gold is maintaining bullish momentum with strong buyer interest from the lower trendline. As long as 3628 holds as invalidation, we can expect continuation to the upside. A breakout above 3659 resistance will confirm further momentum. Key Scenarios ✅ Bullish Case 🚀 → 🎯 Target 1: 3652 🎯 Target 2: 3659 🎯 Target 3: 3665 ❌ Bearish Case 📉 (if 3628 breaks) → 🎯 Downside Target: 3613 🎯 Extended Target: 3606 Current Levels to Watch Resistance 🔴: 3659 Support 🟢: 3643 – 3645 ⚠️ Stoploss: 3628 (below invalidation zone) ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
FOREXCOM:XAUUSDLong
by PEAKALPHAFXMARKETS
SILVER 15m – Key Resistance Test | PULLBACK/CORRECTION PENDINGFOREXCOM:XAGUSD 📊 SILVER 15m – Key Resistance Test ⚡ Structure | Trend | Key Reaction Zones Silver rejected at 41.65 (key resistance). Buyers are active from 41.00–41.15, but a breakout above 41.65 is needed for further continuation. Market Overview The market is consolidating near resistance. A push above 41.65 could extend gains, but failure will drag price back to demand zones near 41.00 and below. Key Scenarios ✅ Bullish Case 🚀 Target 1: 41.45 Target 2: 41.65 Target 3: 41.90 – 42.00 Stop Loss: Below 41.00 ❌ Bearish Case 📉 Target 1: 41.15 Target 2: 41.00 Target 3: 40.52 Stop Loss: Above 41.65 Current Levels to Watch Resistance 🔴: 41.65 Support 🟢: 41.15 – 41.00 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
TVC:SILVERLong
by PEAKALPHAFXMARKETS
BTCUSDT 30m–Bullish Breakout Continuation|124k MAJOR RESISTANCEBINANCE:BTCUSDT Structure | Trend | Key Reaction Zones Bitcoin is consolidating above the 111,700 support after a bullish breakout. Buyers remain in control as long as 111,000–111,200 holds. Market Overview Momentum is favoring bulls after defending the demand zone. A breakout above 112,600 opens the way towards 114k+, but rejection could send price back for a retest around 111k. Key Scenarios ✅ Bullish Case 🚀 Target 1: 112,600 Target 2: 113,400 Target 3: 114,000+ Stop Loss: Below 111,380 Current Levels to Watch Resistance 🔴: 112,558 – 113,400 zone Support 🟢: 111,740 – 111,380 zone ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
1
EURUSD – A Potentially Crucial Week AheadFX markets are just starting to warm up again after the summer lull which saw many pairs trading in sideways ranges through August. EURUSD has been a prime example of this type of price action. On August 1st it recorded a low at 1.1392, recovered quickly and then traded between a high of 1.1743 seen on August 22nd and a low of 1.1574 on August 27th. However, the start of September can often see volatility increase, especially when traders are reacting to data and events they see as relevant to upcoming interest rate decisions from the European Central Bank (ECB), on Thursday September 11th, and the Federal Reserve (Fed) on September 17th. Last week saw preliminary Eurozone inflation data edge just above the ECB’s 2% target (2.1%), potentially pushing back any hopes for an ECB rate cut in September, while Friday’s weaker than expected US Non-farm Payrolls saw traders increase their expectations for a Fed rate cut in September and further cuts across the remainder of 2025. Perhaps, unsurprisingly this helped EURUSD surge from a Friday low of 1.1646 to a high of 1.1760, before dipping to end the week at 1.1721. Looking forward across the week ahead, there are several key events from Europe and the US for traders to focus on that could confirm whether EURUSD can extend this up move or reverse back lower into its August range. The first hurdle to negotiate could be the outcome of a Monday no confidence vote in Parliament on the French PM, called as he tries to push through a deeply unpopular budget deficit reduction plan. If he loses this vote it could create uncertainty about France’s ability to service its debts with knock on implications for EURUSD. Second, traders are still waiting a judge’s decision on the legality of President Trump’s sacking of Fed Governor Cook over possible mortgage fraud. This news could drop at any stage, potentially increasing volatility in the dollar. Then later in the week it’s the turn of the scheduled events. Inflation data from the US in the form of PPI (Producer Prices) on Wednesday at 1330 BST, then CPI (Consumer Prices) 1330 BST Thursday could be important to confirm whether current market expectations for Fed cuts in September and the rest of 2025 are correct or overblown. The ECB rate decision is also released at 1315 BST on Thursday, but no change is expected, so anything else would be a major surprise. However, EURUSD volatility may come from comments in the press conference led by Madame Lagarde which starts at 1345. Anything she says regarding the potential for further cuts, inflation and the strength of the Eurozone economy could be relevant to trader positioning. Technical Update: Watching the Range Build Despite Friday’s payroll data seeing further pressure build on the US Dollar, EURUSD failed to breakout conclusively to the topside from the choppy sideways range that has formed since early August. As the chart above shows, the sideways range is defined by resistance at 1.1743 (Aug 22nd high) and support at 1.1574 (Aug 27th low). With Thursday’s ECB meeting in focus, traders may look to identify the next potential support and resistance levels to focus on that could impact prices, especially if EURUSD was to break out conclusively from its current range. Potential Resistance Levels: Having seen it hold Friday’s attempt at strength on a closing basis, the 1.1743 August 22nd high is set to continue to be the first resistance focus. However, closing breaks above this level may lead to a more extended phase of price strength. Such moves if seen, may well bring the 1.1830 July 1st high back on to traders’ radar screens, and if this level was to give way it could open the path to challenge 1.1908, which is the price high dating back to August 2021. Potential Support Levels: Of course, while price activity continues to trade below the resistance at 1.1743, it is possible an extension of the current range may be seen, with retests of the 1.1574 low possible. It is this level that is likely to be the first support focus. Closing breaks below 1.1574, while not a guarantee of further price declines, may then lead to a deeper phase of weakness towards 1.1392, the August 1st low, possibly further if this in turn gives way. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
EURUSD – 1H | Demand Zone Retest & Trendline WatchFOREXCOM:EURUSD Structure | Trend | Key Reaction Zones EURUSD is consolidating after a rejection from 1.1682 resistance. Price is holding above the 1.1610–1.1620 demand zone, which acted as a previous bullish base. Short-term descending trendline is capping upside. Market Overview The pair attempted a bullish channel previously but faced strong rejection at resistance levels. Currently, it is retesting the demand zone, and buyers need to defend it to sustain any recovery. Bears will dominate if the zone breaks. Key Scenarios ✅ Bullish Case 🚀 → Hold above 1.1610 support → upside targets 🎯 1.1651 → 🎯 1.1666 → 🎯 1.1682. ❌ Bearish Case 📉 → Break below 1.1610 could expose 🎯 1.1575 downside. Current Levels to Watch Resistance 🔴: 1.1651 / 1.1666 / 1.1682 Support 🟢: 1.1629 / 1.1610 / 1.1575 ⚠️ Disclaimer: For educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
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.
TVC:SILVERLong
by PEAKALPHAFXMARKETS
CHFJPY: Bullish Accumulation is Over 🇨🇭🇯🇵 It looks like CHFJPY finally completed a bullish accumulation within a horizontal range on a daily. Its resistance breakout and a formation of a new local higher high higher close is an important event. I believe that the market will grow more and reach 185.4 level soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
JBLU: Breakthrough and growth potentialAn analysis of JetBlue Airways (JBLU) shares on the daily chart indicates the formation of a bullish pattern with a clear breakout of the resistance level. After consolidation and a rebound from significant support levels, the price broke through the upper boundary of the descending triangle, which is confirmed by an increase in trading volume. This breakout opens the way to a target level around $6.95, which corresponds to the 1.618 Fibonacci extension. Technical analysis indicators also confirm the strengthening of the bullish momentum, pointing to favorable prospects for further growth. We expect the upward movement to continue, with the previous resistance zone acting as a key support level after the breakout. Given the current dynamics and technical signals, JBLU shares are of interest to investors seeking medium-term profits.
NASDAQ:JBLULong
by TotoshkaTrades
EURUSD (1H) – Pullback Into Demand Zone, Key Decision AheadFOREXCOM:EURUSD Structure | Trend | Key Reaction Zones Price recently broke out of a rising channel, retracing sharply back into the demand zone (1.1610 – 1.1630). The structure still holds higher lows (HL) but faces resistance near 1.1680. Market Overview After strong bullish momentum towards 1.1740, EURUSD rejected at major resistance and is now consolidating lower. The demand zone will act as a make-or-break level. A bounce may confirm bullish continuation, while a breakdown could extend bearish momentum. Key Scenarios ✅ Bullish Case 🚀 → 🎯 Target 1: 1.1680 🎯 Target 2: 1.1720 🎯 Extended: 1.1743 ❌ Bearish Case 📉 → 🎯 Downside Target 1: 1.1610 🎯 Downside Target 2: 1.1580 🎯 Extended: 1.1574 Current Levels to Watch Resistance 🔴: 1.1680 – 1.1720 Support 🟢: 1.1630 – 1.1610 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
USDJPY – Range Breakout Potential?The summer months can often lead to ranges forming for certain FX markets, as traders take their well-earned breaks and news flow or events lack the impetus to see moves extend in any one direction. That has certainly been the case for USDJPY, which after a brief bout of volatility, when the popular currency pair moved from a low of 145.85 on July 24th to a high of 150.91 on August 1st, has traded in a range between 146.00 and 149.00 for the last 4 weeks. However, it can also be true that the start of September is a time when FX volatility starts to increase again, with traders back from holidays and ready to put new risk into the market. This can lead to range extremes being tested and, if broken, can see momentum build in the direction of the break, especially if there are specific scheduled data points or events unfolding in real time that traders may want to digest and then react to. Again, in the case of USDJPY there could be some potential for either side of the 146-149 range to be tested in the next 2 weeks. As an example, traders may be waiting on the outcome of a lawsuit brought by Fed Governor Cook regarding her potential sacking by President Trump. This political challenge to the independence of the Federal Reserve has seen the dollar come under pressure at the end of August. A decision from the presiding judge could come as soon as this afternoon. Also, important this week could be US employment data, given that Fed Chairman Powell suggested at Jackson Hole that the health of the labour market may now be a greater concern impacting whether the US central bank decides to cut interest rates at their meeting on September 17th. There are 3 US labour market updates to consider this week, starting with the JOLTs Job Openings release at 1500 BST on Wednesday, this is followed by the ADP Private Sector Payrolls update at 1315 BST on Thursday, ending with the pivotal Non-farm Payrolls on Friday at 1330 BST. With traders leaning towards a 25bps (0.25%) cut from the Fed in September, any deviation from market expectations could see outsized moves for USDJPY into the weekend. When considering trading a range or even trading a potential breakout it can be helpful to consider the technical outlook to support your decision making. Watching the Sideways Range Build Since the sharp sell-off on August 1st, USDJPY has entered a choppy sideways phase of price activity, reflecting a more balanced market with no clear dominance from buyers or sellers. As shown in the chart above, USDJPY remains range-bound between 146.21 (August 14th low) and 148.78 (August 22nd high). While these levels hold on a closing basis, the sideways range may persist for an extended period. With USDJPY remaining range-bound between 146.21 and 148.78, no conclusive resolution is evident yet, meaning the timing of a breakout is uncertain, but increased volatility during September might well prompt a shift in the balance. So, let’s consider where the next potential support or resistance levels may stand, if such a test of the range extremes or even a breakout develops Potential Resistance Levels: We've identified 148.78 (August 22nd high) as the potential initial resistance focus for USDJPY. A close above this level may lead to a more extended phase of price strength. A close above 148.78 could shift the outlook for USDJPY towards higher levels. As shown in the chart above, the next resistance might then stand at 149.19 (July 16th high). If this level is also breached on a closing basis, further upside could open scope to 151.66, which is the 61.8% Fibonacci retracement of the 2025 sell-off. Potential Support Levels: To the downside, 146.21 (August 14th low) marks the lower boundary of the current range. A close below this level could signal the emergence of further downside momentum. A close below 146.21 may trigger a more extended phase of weakness in USDJPY, with the next support potentially being seen at 145.35 (50% retracement of the April 22nd to July 16th rally). If this level was to be broken, then a test of 144.06 (61.8% retracement) could be possible if the weakness persists. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Is ETH on its way to a new ATH? ETH not long ago made a new ATH right at the top of the rising channel before stating to head back down again. Price is now getting close to hitting a horizontal weakly resistance level, and also the support level in the rising channel. I think in around the next week or so price of ETH will go down to where the horizontal resistance level and the support of the channel both intersect before making a new ATH. Possible support level: $4,150-$4,050 Possible ATH amount: $5,500-$5,600 or more
Long
by tonytruda
Gold – Breaking Out or Faking Out to Start September?Gold has been trading in a 3250-3450 range since the middle of May, but events last week saw prices test and close right at the top of that range on Friday. The drivers impacting this push higher in Gold, which could remain in play for traders in the first week of September, were numerous. These included President Trump’s on-going challenge of Federal Reserve independence with the attempted firing of Governor Cook, Russia demanding more to achieve progress towards a ceasefire to the war in Ukraine, as well as stubborn US inflation (PCE Index last Friday) and resilient economic data at a time when the Federal Reserve are expected to cut interest rates at their next meeting on September 17th. Early trading on Monday has now seen price strength extend, leading to a range breakout (more on this in technical update below) as traders react to news released late on Friday that a US appeals court ruled President Trump's reciprocal tariffs illegal. While the ruling, released after the markets closed, left the tariffs in place ahead of a final showdown at the US Supreme Court, the uncertainty this potentially provides regarding President Trump’s approach to foreign policy has seen Gold prices touch a 4 month high of 3490 (at time of writing 0800 BST). Looking forward, this week is stacked full of risk events that could lead to an increase in Gold price volatility, including important US economic data, with the ISM Manufacturing (Tuesday) and Services (Thursday) PMI survey readings and then the all-important Non-farm payrolls release on Friday. All of which could impact the expectations of traders for a Fed rate cut later in the month. It could be a busy start to September! Technical Update: Range Breakout? Since mid-May 2025, Gold had adopted a more balanced tone, forming a sideways trading range in price activity. This range was defined by the June 16th high at 3451 and the 3246 lows recorded on May 29th and June 30th. However, as the chart above shows, the latest price strength, which has extended so far this morning, is seeing breaks above the 3451 June 16th high, reflecting possibilities of a breakout to the upside in Gold prices. The key question now is whether this breakout from the range is confirmed on a closing basis leading to possibilities of a further phase of price strength, or weakness develops over the balance of Monday’s session, to see a prices settle back under the 3451 level. . While it is impossible to predict if an upside breakout from a sideways range will be confirmed or not, a close above the resistance is required to suggest such possibilities. In the case of Gold, confirmation of this morning’s breakout would require a close above the 3451 resistance level. It should be remembered, a breakout in either direction from a sideways range, may lead to an acceleration in price movement, due to what’s called the supply and demand vacuum. Supply and demand vacuums form when traders become impatient waiting for their orders to trigger above a resistance or below a support of the on-going range. This impatience can lead them to adjust their orders, lowering sell orders to just below resistance or raising buy orders to just above support. When traders shift orders into the range, raising bids above support or lowering offers below resistance, it can reinforce the strength of those levels and prolong the range. However, this also creates price zones just above and below the range with few active orders left. If a breakout occurs, the lack of immediate liquidity can lead to a sharp price acceleration until the next cluster of buy orders (on the downside) or sell orders (on the upside) are reached. A reason for this morning’s initial acceleration higher in the price of Gold after the break above 3451, may be due to a supply vacuum above the resistance level. However, tonight’s closing level could also be an important focus for traders. While not a guarantee of further strength, a close above the 3451 resistance may be seen by traders as a positive move, potentially paving the way for further gains in Gold. A close above the 3451 resistance could signal a move toward the April 22nd all-time high at 3500. If breached, the next resistance may then be 3648, marked by the 38.2% Fibonacci extension. For downside risks to re-emerge, which could suggest this morning’s move higher may be a false break of the 3451 resistance, traders could now be focusing on 3420, which is equal to the 38.2% Fibonacci retracement of latest price strength. A close below this 3420 support, if seen, could trigger further weakness, potentially to retest 3380, the deeper 61.8% retracement, even then the August 20th low at 3311. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
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