World gold price increasedThe US economy said that the PPI index in August decreased by 0.1% month-on-month, much lower than the 0.7% increase in July and the 0.3% increase previously forecast.
The US PPI index in August increased by 2.6% year-on-year, much lower than the 3.1% increase in July and the 3.3% increase previously forecast. The core PPI index (excluding energy and food prices) increased by 2.8% year-on-year, much lower than the 3.4% increase in July and the 3.5% increase previously forecast.
China's CPI and PPI index decreased in August and were lower than forecast, showing that the economy is still in a state of deflation, so the government of this country needs more support measures to boost consumer demand, including further monetary easing policies.
For the US economy, after a long period of persistent high inflation at around 3%, in August, unexpectedly, an inflation measure, PPI, decreased sharply compared to the previous month. PPI is an index measuring input costs of production. When this index decreases, it predicts that consumer prices will decrease in many types of goods and services when delivered to consumers.
Signals
BITCOIN Will Move Higher! Buy!
Take a look at our analysis for BITCOIN.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 114,261.88.
Considering the today's price action, probabilities will be high to see a movement to 115,993.92.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURUSD Is Bearish! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.169.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.163 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPUSD Is Very Bullish! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.352.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.365 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDNZD Is Going Down! Short!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.113.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.108 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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3,417 – 3,360 (final defense for buyers).1. Price Structure
Gold has surged strongly from 3,360 → 3,657, forming a steep uptrend inside a rising wedge channel.
Currently, price is near the upper boundary of the wedge and has just made a pullback.
2. Pattern & Technical Signals
A rising wedge pattern is visible, which often signals downside pressure when price touches the upper boundary.
The recent candlestick shows a long upper wick, indicating strong selling pressure around the 3,657 top.
The blue arrow on the chart highlights a potential correction back toward the wedge’s lower trendline.
3. Fibonacci Support Levels
From the rally 3,360 → 3,657:
Fib 0.786 = 3,573: short-term support, likely to be tested.
Fib 0.618 = 3,508: key medium-term support.
Fib 0.382 = 3,417: if this breaks, the short-term uptrend could reverse.
Red zone (3,360 – 3,417): a strong demand zone, may attract buying interest again.
4. Possible Scenarios
Scenario 1 (primary):
Price continues to correct down toward 3,573 – 3,508, then rebounds if the trendline holds.
Suitable for trend-following buys if reversal signals appear around the 0.618 Fib.
Scenario 2 (breakdown of wedge):
If price breaks below the wedge and Fib 0.5/0.382, it could drop back to 3,360 – 3,417.
In that case, the short-term bullish trend weakens → short opportunities may open up.
5. Conclusion
Gold is currently in a correction phase after a strong rally.
Key levels to watch:
3,573 – 3,508 (decisive for holding or losing the uptrend).
3,417 – 3,360 (final defense for buyers).
👉 Short-term: wait for price action signals around 0.786 – 0.618 Fib zone to consider buying with the trend.
👉 Medium-term: if 3,417 breaks, bearish momentum could return.
likely rebound; breaking below → retest of 3,418 support.1. Overall Trend
Gold has just experienced a very strong rally, creating a peak around 3,674 – 3,675.
After touching the red resistance trendline, price showed signs of reversal and is now in a correction.
The structure looks like an ABC corrective wave (Elliott/Zigzag type).
2. Key Fibonacci Levels
Fibonacci is drawn from the latest swing low to the new high, important levels are:
0.382: 3,418 – overlaps with a strong support zone (purple box).
0.5: 3,468 – psychological midpoint, potential buy zone.
0.618: 3,516 – golden ratio, often a strong reversal point.
0.786: 3,586 – if broken decisively, price may retest the strong support around 3,418.
3. Possible Scenarios
Scenario 1 (main):
Price corrects down to the Fib 0.618–0.786 (3,516 – 3,586) area, then bounces higher. This is a “buy on dip” zone if reversal signals appear.
Scenario 2 (bearish):
If selling pressure is strong, price could break lower and head toward the major support around 3,418 – 3,420 (confluence of Fib 0.382 and prior structure support).
Scenario 3 (less likely):
Price holds above the dotted trendline → retests 3,674. But this scenario has lower probability since a corrective pattern is forming.
4. Short-Term Trading Suggestions
Buy strategy: Wait for price to reach 3,516 – 3,586 and look for bullish reversal signals (pin bar, engulfing). Stop loss below 3,500.
Sell strategy: If price breaks below 3,586 with strong momentum/volume, short-term sell targets are 3,516 – 3,468.
👉 In summary: Gold is in a corrective phase after a sharp rally. The 3,516 – 3,586 zone will decide the short-term direction. Holding above it → likely rebound; breaking below → retest of 3,418 support.
SOL: Eyeing the 210 Level – Waiting for the Green LightHello everyone, this week SOL is trading in a tight band around 203–205, with the spotlight firmly on US NFP data and the potential Spot SOL ETF. On the H4 chart, the decisive level remains 210: just above, a supply FVG stretches from 207.5–210, while below we only see support steps at 201–199 and deeper at 196–193.
My bias leans bullish. Should the data turn risk-friendly (soft NFP, cooler USD, steady BTC, positive ETF headlines), the odds of SOL clearing 210 rise considerably. A breakout could naturally extend towards 214–216 and even 219–221. On the flip side, only a close below 199 on H4 would invalidate this view, signalling a possible retreat to 196–193.
For now, I favour the scenario of a post-NFP breakout above 210 leading to further upside. As long as price holds above 199, this bullish tilt stays intact.
Do you believe SOL can finally push through 210 and target 219+, or will resistance hold firm once again?
Gold: Shallow pullback, target remains 3.65xAfter the BLS labour revision, gold on the H1 chart went through a sharp two-way move. Normally this release isn’t a big market driver, but this year it acted as a strong catalyst, causing heavy swings.
The uptrend structure is still intact: price is holding along the Ichimoku edge, each higher low confirms buyers are active, and there’s an FVG layer supporting near 3.62x. If a stronger sell-off comes, 3.60x around the cloud body remains a familiar magnet for balance.
From the macro side, today’s US PPI and tomorrow’s CPI, alongside jobless claims and the ECB press conference, will be key. Softer data could weigh on yields and the dollar, giving gold the tailwind to retest 3.64x–3.65x, with possible extension to 3.66x–3.67x. On the contrary, hot data risks dragging the metal back to 3.62x or even 3.60x before resuming higher.
My bias still favours a shallow retracement as long as 3.60x holds. The 3.64x–3.65x band is the near-term lid: a firm candle close above strengthens the breakout case. Before the data, though, I’d rather wait for candle confirmation than chase intra-bar spikes.
What about you? Do you think gold will break above 3.65x in this move, or will it need another balance around 3.60x first? Share your view below.
EUR-NZD Local Long! Buy!
Hello,Traders!
EUR-NZD went down
And made a retest of the
Horizontal support level
Of 1.9656 from where
We are already seeing a
Bullish reaction so a
Further move up is to
Be expected
Buy!
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Check out other forecasts below too!
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CARDANO Bullish Leg to $1.075 has just started.Cardano (ADAUSD) is on a strong rebound following the September 01 Low, which was a technical Higher Low at the bottom of the Channel Up that started on the June 22 bottom.
That pattern managed to break last month above the 8-month Lower Highs trend-line of the massive mid-Cycle correction that ADA had. This Channel Up has priced its two Higher Highs so far just above the 1.236 Fibonacci extension.
As a result, we expect the current Bullish Leg to reach at least $1.0750.
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👇 👇 👇 👇 👇 👇
WTI OIL Recent fractal calls for a buy towards $70.50.WTI Oil (USOIL) is on the 3rd straight green 1D candle following a Double Bottom bounce on the 61.50 Support. At the same time the 1D RSI formed Higher Lows, which is a Bullish Divergence.
The same set of conditions emerged on the May 05 bottom rebound, which resulted into initially a 1D MA50 (blue trend-line) test and then a Resistance 2 contact.
As a result, we expect this rise to continue, targeting $70.50.
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DAX: Absolute Price Collapse Ahead! Short!
My dear friends,
Today we will analyse DAX together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 23,625.24 will confirm the new direction downwards with the target being the next key level of 23,566.97 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
GBP-CAD Will Keep Growing! Buy!
Hello,Traders!
GBP-CAD is trading in an
Uptrend and the pair broke
The key horizontal level
Of 1.8723 so we are
Bullish biased and we
Will be expecting a
Further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SILVER: Will Go Up! Long!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding above a key level of 41.198 So a bullish continuation seems plausible, targeting the next high. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
GOLD: The Market Is Looking Down! Short!
My dear friends,
Today we will analyse GOLD together☺️
The market is at an inflection zone and price has now reached an area around 3,647.80 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 3,634.87.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
EUR-GBP Will Go UP! Buy!
Hello,Traders!
EUR-GBP made a retest
Of the horizontal support level
Of 0.8640 from where we
Are already seeing a bullish
Reaction so we are locally
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse EURUSD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 1.17209 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 1.17391.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
ETH - Don’t be fooled - Bearish Retest ETH (like Bitcoin) has risen only to retest a bearish breakdown on the HTF.
This whole upwards movement is one big set up - to trap liquidity in longs and absorb it all from the chart.
My initial call is marked here with original entry.
Second entry can be 4,420 region.
Short to my targets marked on chart.
Don’t be a sucker and get trapped by this.
Happy trading
A Healthy Market Breathes. Gold Hasn’t Exhaled Yet.I remain bullish on Gold overall — that’s not in question.
On 24 August, I even shared a complete cross-market outlook arguing that acceleration to the upside could be the next big move. And indeed, we got it.
But here’s the paradox of markets: sometimes, the stronger the rally, the more fragile it becomes.
________________________________________
Why I Warned About a Steep Correction
• Yesterday, I flagged the risk of a sharp pullback. My stop loss was triggered, yes, but my conviction hasn’t changed. If anything, the higher Gold pushes, the more probable and violent the correction could be.
• The daily chart says it all: since the local bottom around 3300, Gold has moved almost vertically higher.
• From 26 August onward, with the sole exception of the 4 September red candle, every single day closed green — and not just small gains, but +1% or more.
This type of move is powerful, but also unsustainable.
________________________________________
Market Psychology at Work
Markets move in cycles of fear and greed, tension and release. A one-sided move — especially a vertical one — compresses tension like a coiled spring. Traders get trapped:
• Late buyers rush in from FOMO, convinced “it will never stop going up.”
• Sellers get squeezed, forced to cover, adding fuel to the fire.
• But eventually, when there’s no one left to buy at higher prices, even a small wave of selling can cascade into a steep correction.
This is why not even Bitcoin, in its glory days, could sustain vertical rises for long. The pattern was always the same: euphoric rise → brutal drop . Gold is no different.
________________________________________
Where We Stand Now
• At the time of writing, Gold trades at 3647, after touching 3660 and marking a new ATH.
• Is this the local top? Hard to say with certainty. But in my book, until we see a strong correction, there is no valid buy trade here.
________________________________________
My Trading Plan
Today, I will look to sell again. Not because I doubt the long-term bullish trend, but because the short-term imbalance is glaring.
A healthy market breathes, and Gold hasn’t exhaled yet.
🚀 Long term: bullish.
⚠️ Short term: vulnerable.
🎯 Until a correction resets the board, my play is on the short side.