EUR/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the EUR/NZD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.960 level.
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Techincalanalysis
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,400, pushing higher after reclaiming the $3,386 level, with the next target at $3,406. A clean break and sustained hold above $3,406 would open the path toward $3,422.
On the downside, failure to clear resistance could trigger a pullback into the $3,386 support, with deeper weakness exposing $3,363 and the $3,347–$3,328 support zone.
📌Key Levels to Watch
Resistance:
$3,406
$3,422
Support:
$3,386
$3,363
$3,347
$3,328
🔎 Fundamental Focus – Thursday, Aug 28
Today’s focus is on U.S. Prelim GDP and Unemployment Claims, both high-impact releases likely to move gold. Pending Home Sales also on the calendar.
⚠️ Volatility expected — watch for sharp moves and possible fakeouts around release times.
GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,376.52
Target Level: 3,274.10
Stop Loss: 3,444.67
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR/AUD BEARS ARE STRONG HERE|SHORT
EUR/AUD SIGNAL
Trade Direction: short
Entry Level: 1.790
Target Level: 1.765
Stop Loss: 1.807
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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XAUUSD📈 XAUUSD – 1H Timeframe
🟢 Long Call/ Bullish Candle
🔹 Gold is forming HH & HL (Higher Highs & Higher Lows) on the 1H chart → Uptrend structure intact.
🔹 Fib Retracement Setup → Perfect dip-buy opportunity from CMP (Current Market Price).
💡 Plan:
👉 Buy from CMP 🎯
👉 Book partial profits on resistance levels 🪙
👉 SL below Fib retracement 🔒
🌍 Weekly Fundamental Drivers:
1️⃣ Fed remains cautious on rate cuts, supporting safe-haven demand 🏦
2️⃣ Geopolitical uncertainty & central bank gold buying continue to give long-term bullish momentum 🌐
⚠️ Risk Management: Stay disciplined — let structure + fundamentals guide your trade.
XAU/USD Intraday Plan | Support & Resistance to WatchGold briefly broke above the $3,386 resistance, but failed to hold and has since pulled back, now trading around $3,376. The rejection highlights $3,386 as a key barrier, while price remains supported above the $3,363 level with the 50MA (pink) still trending upward.
If buyers can reclaim and sustain above $3,386, the next upside targets are $3,406 and $3,422. On the downside, a break below $3,363 would expose the $3,347–$3,328 support zone, with further weakness opening the door toward the Secondary Support Zone ($3,304–$3,281).
📌Key Levels to Watch
Resistance:
$3,386
$3,406
$3,422
Support:
$3,363
$3,347
$3,328
$3,304
$3,281
XAUUSD – Medium-Term Trading OutlookXAUUSD – Medium-Term Trading Outlook
Hello traders,
Gold is now entering the final stage of its flag formation. Medium-term traders are watching closely for a clear breakout confirmation, as this will define the next medium- to long-term move. Once price confirms the break, the plan is to enter immediately in the direction of that breakout.
In the meantime, short-term and intraday traders can continue trading within the flag, taking advantage of scalping opportunities inside the range.
From my perspective, the probability of an upside breakout and continuation of the broader bullish trend is fairly high after such a long consolidation. To optimise entries, it makes sense to buy near the lower boundary of the trendline, with stop-losses placed immediately if the pattern breaks down. The key level to watch is the Fibonacci retracement 0.5 at 3354 – an area that acts as both dynamic and static support, as well as a critical Fibonacci level. This is a strong zone for long-term buy setups.
Additionally, an earlier entry can be considered around 3372, where the previous candle showed strong buying momentum. Traders entering here should keep stops tight, just below the nearest support.
This bullish outlook would only be invalidated if price breaks below the lower trendline and closes firmly underneath it, confirming a reversal.
Wishing you success with this trading plan. If you share a similar outlook, feel free to drop your thoughts in the comments and let’s discuss further.
Bitcoin – Long-Term Outlook with Elliott Wave StructureBitcoin – Long-Term Outlook with Elliott Wave Structure
Hello traders,
Taking a step back for a medium- to long-term perspective on BTC. The broader trend remains bullish, yet for any rally to be sustainable, corrective phases are essential. Right now, BTC is in a corrective move, which aligns with wave 4 of the Elliott Wave structure.
To measure the depth of this correction before wave 5 develops, we can look at the Fibonacci retracement levels. Two zones stand out as significant: 0.618 and 0.5.
At 0.618, support is strong but not yet decisive. If price reacts here and wave 5 unfolds, the Elliott count stays intact and relatively clean.
At 0.5, this is often the ideal retracement level on Fibonacci. The chart also shows this as a major structural support. If it breaks, deeper downside could follow, as the ascending trendline also suggests.
Long-Term Trading Plan
Entry 1: Around the 0.618 retracement at 105k
Entry 2: Around the 0.5 retracement at 99k
This setup forms the basis for a medium-term strategy, but if the second zone (99k) holds strongly, it could well serve as the foundation for a longer-term bullish cycle.
Stay patient, keep risk management at the forefront, and let the structure play out.
What’s your take on BTC’s long-term wave structure? Drop your thoughts in the comments and let’s discuss.
GameStop ($GME) Collapse ImminentNYSE:GME showing signs of major technical distress.
This whole meme thing had to end somewhere. At the end of the day, that was easy money for anyone looking to make a quick buck.
Just ask yourself, if you controlled tens of millions of shares at 25X their average historical trading range, why would you hold that?
And that's exactly what has been going on for the last several years. The weird thing is that it lasted so long and seemed to have a dedicated following. After all, a movie was made about the whole phenomenon (I never saw the movie).
This thing likely goes very quickly on the break.
GOLD RETRACEMENT COMPLETE HIGH BREAK (READ CAPTION)Hi trader's what do you think about gold
current price :3375
Gold gave a retracement and also broke the recent high, showing strength. Price is now holding above support zones and moving toward the next target levels.
Support Zones: 3370 – 3362 – 3352
Target Levels: 3404 – 3410
Risk Level / Invalidation: 3345
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Bitcoin Holds Steady After Two SessionsBitcoin Holds Steady After Two Sessions
Hello traders,
BTC has managed to hold its ground within the descending channel after the past two sessions. The bearish trend remains intact following the break below the 115.5k support. For now, the plan is to continue trading in line with the channel structure, focusing on scalping opportunities at the boundaries until wave 3 is expected to complete near 105k.
If price breaks out of the channel earlier, backed by strong volume, then trade with the breakout:
Short-term: follow the downside move if price breaks lower.
Long-term: take buying opportunities if price breaks higher and confirms the reversal.
Since wave 3 could finish earlier than expected, it’s important to stay flexible and monitor price closely.
What’s your outlook on BTC at this stage? Share your thoughts in the comments so we can learn together.
BITCOIN SENDS CLEAR BULLISH SIGNALS|LONG
BITCOIN SIGNAL
Trade Direction: long
Entry Level: 110,667.26
Target Level: 118,641.66
Stop Loss: 105,402.24
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 146.313.
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AUD/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.644 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR/USD SHORT FROM RESISTANCE
Hello, Friends!
EUR/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.163 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Gold Scenario – Following the Medium-Term UptrendGold Scenario – Following the Medium-Term Uptrend
Hello traders,
Gold continues to move in line with expectations. Price reacted at the Fibonacci 1.618 resistance, effectively completing a liquidity test. The 3368 zone now offers a reasonable area to consider long positions.
With the previous ABC Elliott cycle complete, gold appears to be forming a new wave structure. Price is likely in wave 3 of the uptrend, pulling back slightly at the H4 descending trendline, before finishing with wave 5 breakout, which would also confirm the flag pattern forming on H4.
Trading plan: Look to buy around 3368, with a strict stop placed below the previous swing low.
Profit target: 3410 is a reasonable first take-profit. After that, expect a wave 4 correction, where short setups can be considered.
The MACD remains supportive, holding above its average and confirming bullish momentum. At this stage, it’s all about finding the right entry and trading with discipline.
This is my personal outlook for gold in the short to medium term. Use it as reference, and feel free to share your perspective in the comments so we can discuss further.
Bitcoin Reversal in Focus –Elliott Wave Signals Further DownsideBitcoin Reversal in Focus – Elliott Wave Signals Further Downside
Hello traders,
BTC has now broken firmly below a key support zone, confirming stronger short-side pressure and signalling the potential start of a medium-term reversal.
The 112k level, which twice acted as firm support, has finally given way. With that break, the market is now looking lower, with Fibonacci Extension pointing towards 97k–98k as the next major downside objective.
From an Elliott Wave perspective, price is in wave 3 of the decline and has not yet reached the corrective bounce expected for wave 4. The 105k region may provide temporary support, leading to a short-lived recovery, before a final wave 5 drop completes the structure towards 97k, or possibly 95k. That zone could present the next meaningful opportunity for medium-term longs.
Momentum indicators support this outlook – the MACD shows both volume and averages pressing lower, reinforcing the bearish bias.
I’ve highlighted the critical levels on the chart. Use them as guidance, but keep risk management tight and stay disciplined with your trading decisions.
What’s your perspective on BTC here? Do you see 97k coming into play soon? Share your thoughts in the comments.
Bitcoin – Bulls Hold the Edge After 110k BounceBitcoin – Trading Plan Update
Hello traders,
BTC has followed the scenario well, reacting strongly at 110.4k and bouncing higher. This level effectively cleared short-side liquidity, while the H4 candle failed to close below the 111.8k support. As such, long entries around 110k remain valid, with upside targets towards 115.5k.
The bias stays on the long side as long as price does not confirm a decisive bearish break. Long positions remain in play until price moves firmly below 110k.
For those who closed longs or missed the earlier move, watch for a retest of the FVG zone near 111.5k. If price reacts higher, fresh longs can be taken around 113k.
Short opportunities may also arise at resistance levels near 115.5k and 117.2k.
My BTC strategy continues to align with current market action. However, this is my personal view based on my trading approach. Always remain disciplined, manage risk, and follow your own plan.
What’s your outlook on BTC at this stage? Share your perspective in the comments below.
Gold – Weekly Opening UpdateGold – Weekly Opening Update
Hello traders,
Gold is holding steady after last week’s strong rally. As outlined in my earlier analysis, the metal has completed an ABC Elliott Wave structure, with wave C driving higher and achieving the projected target.
As the new week begins, the market has opened quietly, with price consolidating around 3368. This suggests accumulation, with traders waiting for a clear signal before taking action.
Gold has formed a minor resistance at 3359. If price breaks below this level, it could act as a short-term sell confirmation, with entries possible near 3366.
Alternatively, if price holds or breaks last week’s resistance high, the outlook shifts towards longer-term buying opportunities.
Even if a short plays out after 3359, the next significant buy zone sits near 3345, aligned with the ascending trendline.
Price remains within the flag pattern, meaning trading is still revolving around major liquidity zones. On the D1 chart, the broader structure continues to favour the upside bias. Any short trades should be treated as scalping opportunities only, to maintain the highest accuracy.
This is my personal outlook for Monday’s session. Stay disciplined, trade with structure, and manage risk effectively.
What’s your perspective on gold at the start of this week? Share your thoughts in the comments so we can learn together.
All Eyes on BALKRISHNA IND – Support Holding Tight!Balkrishna Industries Ltd – MONTHLY Chart
The stock is moving in a well-defined parallel channel with strong support in the 2100–2200 zone.
The EMA is also providing support around 2160 and 2300 levels.
If these levels are sustained, we may witness higher prices in Balkrishna Industries.
However, if the stock breaks below this support, the next major support zone lies near 1200–1300.
Thank you.
SILVER BEST PLACE TO SELL FROM|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,880.2
Target Level: 3,627.7
Stop Loss: 4,048.6
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 0.515 level area with our short trade on AUD/CHF which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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