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USDJPY: Will Start Falling! Here is Why: The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USDJPY pair price action which suggests a high likelihood of a coming move down. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
Gold's Historic Rally: Where We're HeadingGold broke out of a multi-year consolidation (2020–2024) when it cleared the previous all-time high of $2,080. Once that level broke, we entered price discovery mode . This is important: There's no overhead resistance from traders who bought at higher levels because there are no higher levels. That's bullish. But it also means we're in uncharted territory. The weekly chart shows a clean uptrend with no signs of reversal yet. But rallies this big and fast typically need consolidation phases. Here's where it gets specific. Gold showed a classic consolidation pattern: - Consolidation range: $2,565–$2,750 - Breakout point: Early 2025 - Measured move target: ~$3400 Using the Fibonacci extension, if the uptrend continues, it suggests the next major resistance is around $4,500 and $4,750. If you plot these on a chart, you see: - Gold broke out cleanly from consolidation - Every pullback has been bought We're in a controlled uptrend, not parabolic. This is the structure of a trend that could continue. But it's also the structure that could reverse if critical support breaks.
OANDA:XAUUSD
by JinDao_Tai
1