Bitcoin Update – Price Action Still on TrackBitcoin Update – Price Action Still on Track
Yesterday’s scenario has continued to play out with precision. BTC remains guided by the descending channel, each time touching the upper trendline it quickly rejects and moves lower. At present, price is reacting around the midline of the channel, near 113,000 – exactly the level highlighted earlier as an area to watch.
With this corrective move, there is scope for BTC to retest the 115,000 region before resuming its broader downtrend. The next downside target sits near 110,000, as larger timeframe structures usually require a corrective pullback before continuing with the main trend – something that aligns closely with Dow Theory principles.
Today’s focus is also on interest rate discussions, which could bring higher volatility across global financial markets as investors remain cautious. However, FOMC outcomes tend to have limited impact on Bitcoin given its nature as a relatively independent asset, unlike gold or forex markets that are more sensitive to macroeconomic drivers.
For short-term trading, traders may consider long positions near 113,000 with a tight stop just below the newly formed support, aiming for a move towards 115,000 before reassessing the broader trend.
Patience and discipline remain key. Sticking to a well-defined plan rather than reacting emotionally to intraday swings will often lead to stronger trading outcomes.
What’s your view on Bitcoin’s next move? Share your thoughts in the comments.
#BTCUSD #Bitcoin #CryptoAnalysis #TechnicalAnalysis #PriceAction #Trendline #DowTheory #CryptoTrading #SwingTrading #UKTrading
Techincalanalysis
Gold Update Today – Watching FOMC in the US SessionGold Update Today – Watching FOMC in the US Session
After yesterday’s sharp drop below 3312 and a strong bounce from key support, gold is now consolidating sideways, building liquidity for the next move. From the current outlook, a corrective rebound seems likely before the broader downtrend resumes.
Looking at structure, the descending channel remains intact, with price respecting the main trendline and notably breaking out of yesterday’s triangle formation — reinforcing the bearish bias.
From an Elliott Wave perspective, the market may be forming wave 4. If this rebound carries price back towards 3325–3330, it will retest a strong resistance zone that has rejected price multiple times before. Should that happen, wave 5 could begin — and theory suggests it is often the strongest leg.
Fibonacci levels point to the next support near 3295. If tonight’s FOMC outcome strengthens the US dollar, gold could even extend deeper towards 3280.
In the short term, traders may consider buying near 3316 with a tight stop just below the recent low, targeting the corrective move of wave 4. On the flip side, if price reacts at 3325–3330, this could provide a selling opportunity into wave 5, with scope for a 40–50 dollar extension if momentum holds.
On the daily chart, gold has tested the long-term ascending trendline and bounced strongly, which may indicate that a fresh support base is being established.
A sustainable trend is always built on alternating impulses and corrections. Patience in waiting for confirmation often leads to stronger setups than rushing into trades.
Do you think the FOMC this month will announce a positive interest rate outlook? Share your thoughts in the comments.
#XAUUSD #Gold #TechnicalAnalysis #PriceAction #ElliottWave #Trendline #MACD #Forex #UKTrading #FOMC
XAU/USD Intraday Plan | Support & Resistance to WatchPrice failed to break the $3,344 resistance yesterday, followed by a sharp move lower. It is currently trending just below the $3,324 resistance. Price remains capped under both moving averages, and the structure stays bearish.
The first resistance is at $3,324. A sustained move above $3,344 is needed to shift momentum, opening the path toward $3,364 and $3,386. If buyers fail to reclaim this level, the downside bias remains intact, with risk of a test into the Secondary Support Zone ($3,304–$3,281). A clean break below that would expose the HTF Support Zone ($3,254–$3,229).
📌Key Levels to Watch
Resistance:
‣ $3,324
‣ $3,344
‣ $3,364
‣ $3,386
‣ $3,406
Support:
‣ $3,304
‣ $3,281
‣ $3,254
‣ $3,229
🔎 Fundamental Focus:
The main event today is the FOMC Meeting Minutes , which could provide clearer signals on the Fed’s rate path and drive sharp moves in gold.
⚠️ Risk/Volatility Warning:
High-impact news flow begins today with the Fed minutes and continues into Thursday’s data and Friday’s Jackson Hole Symposium. Expect increased volatility and fakeouts – manage risk carefully and wait for confirmation before entering trades.
Globant, Bright Future or Total Darkness?📊 Technical Analysis – Globant (GLOB) – Weekly
The price of Globant (NYSE: GLOB) remains under strong bearish pressure, approaching a key long-term support area.
🔑 Fibonacci Levels
0.618 (61.55 USD): critical zone currently being tested. A clear breakdown could open the door to further declines.
0.5 (77.15 USD): first major resistance in case of a rebound.
0.382 (92.75 USD): secondary resistance, aligned with previous supply zones.
0.236 (112.04 USD): stronger resistance level; a breakout above would suggest a trend reversal.
📉 Support and Resistance
Main Support: 65–61 USD, which acted as a strong base during 2019–2020.
Immediate Resistance: 77 USD, followed by 93 USD.
🔄 Volume
Volume has increased significantly over the past weeks, indicating strong institutional activity around this support area. This could hint at a potential technical rebound if the level holds.
📌 Conclusion
As long as GLOB holds above 61 USD, there is room for a rebound toward 77–93 USD.
A breakdown below 61 USD would open a more bearish scenario with medium-term targets around 50–45 USD.
Current bias remains bearish, but we are at a key decision zone.
XAU/USD Intraday Plan | Support & Resistance to WatchGold is currently trading around $3,338, sitting just below the $3,344 resistance level. Price remains under both the 50MA (pink) and the 200MA (green), which continue to act as dynamic resistance and keep the short-term structure bearish.
The recent bounce from the First Support Zone ($3,324–$3,344) shows buyers are still defending this area, but momentum is weak. A clean break and hold above $3,344 would open the path toward $3,364, with $3,386 as the next resistance.
If price fails to reclaim $3,344, then a retest of the First Support Zone is likely. A deeper break could expose the Secondary Support Zone ($3,304–$3,281), and if selling pressure accelerates, the HTF Support Zone ($3,254–$3,229) comes into play.
📌 Key Levels to Watch:
Resistance:
‣ $3,344
‣ $3,364
‣ $3,386
‣ $3,406
Support:
‣ $3,324
‣ $3,304
‣ $3,281
‣ $3,254
‣ $3,229
⚠️ For now, structure favors range-bound to bearish price action unless gold can reclaim $3,344 and hold above the 50MA.
📌 Fundamental Overview
This week is event-heavy with multiple Fed speakers, Wednesday’s FOMC Minutes, and Thursday’s U.S. jobless claims & PMI data all set to drive volatility. The spotlight will be on Friday’s Jackson Hole Symposium, where Powell’s speech could shape expectations for upcoming rate cuts.
On the geopolitical side, Trump’s push for a Russia–Ukraine peace deal has raised uncertainty, with reports of territorial concessions being discussed. While no breakthrough has been reached, the headlines add to safe-haven demand for gold.
Bitcoin – Updated ScenarioBitcoin – Updated Scenario
BTC followed the expected move by retesting the 117,000 zone before turning lower, but the price action has not developed in line with the anticipated ABC correction under Elliott Wave theory. At present, price is showing signs of slipping below the 114,700 support, suggesting that the correction may not have ended at the wave 5 low as previously expected.
According to Dow Theory, this decline could extend towards the 113,000 area before the market attempts a stronger rebound. A descending channel has now formed, and price is reacting well to the upper trendlines, reflecting that short pressure remains dominant.
In this context, favouring short positions in line with the prevailing trend may improve the probability of success. The next target sits around 110,000 – an area where multiple levels of strong resistance converge across higher timeframes.
Short-term traders can take advantage of pullbacks towards the descending trendline to look for entries in the direction of the main move. Managing risk effectively is key here, and it is important to avoid rushing into longs while the corrective leg remains in play.
Downtrends often last longer than expected, but once selling pressure is exhausted, the recovery can be sharp. Patience and discipline are crucial in waiting for the right timing rather than going against the main flow.
#BTCUSD #Bitcoin #CryptoAnalysis #TechnicalAnalysis #PriceAction #ElliottWave #MACD #CryptoTrading #UKTrading #SwingTrading
Gold Trend – Buying Remains in ControlGold Trend – Buying Remains in Control
Gold continues to move in line with previous analyses. During the Asian session this morning, the market briefly dipped due to liquidity being cleared after the daily one-hour pause. However, price quickly recovered, broke through the 3339 resistance, and confirmed that buying momentum has returned, strengthening the short-term bullish outlook.
Expectations of a new Elliott Wave cycle are gradually taking shape. At this stage, wave 3 is considered to have started — typically the phase with the strongest momentum and widest price swings. This adds weight to the scenario of a medium-term uptrend.
Price remains above the key EMA levels, confirming that the long-term bullish structure is intact. The breakout above 3339 has reinforced buyer conviction, opening the way towards Fibonacci extension targets at 2.618 and 3.618. MACD continues to hold positive momentum, while the Elliott structure suggests wave 3 is still unfolding with further room to advance.
As long as gold holds above the 3333–3335 zone, this area provides a reasonable opportunity to consider buying. A minor pullback around this level would offer an even better entry, with a tight stop of around 6 dollars to manage risk.
As price approaches Fibonacci extension targets, traders may look to secure partial profits or watch for short-term selling opportunities. This approach is sensible given how extended wave 3 has already become.
It is important to track price reactions at key extension levels. Higher timeframes such as H1–H4 should be prioritised to capture the broader structure and filter out short-term noise.
A sustainable trend rarely moves in a straight line; it is always accompanied by pauses and retracements. Patience in following the main direction is often the best way to maximise medium-term returns.
#XAUUSD #Gold #TechnicalAnalysis #PriceAction #Fibonacci #ElliottWave #MACD #Forex #UKTrading
Gold XAUUSD 30M – Intraday Range, Breakout Levels DefinedPrice is holding between $3,341.46 (resistance) and $3,324.69 (support). We’re chopping in the middle near $3,337–$3,338, with indecision candles showing wicks on both sides on higher timeframe. This is a tight box, so scalps are possible, but reversals can be sharp.
🔼 Bullish Plan (needs confirmation)
Trigger: A clean 30min body close above $3,341.46 (not just a wick).
Targets: First into $3,344.50, then $3,346.46. If momentum holds, trail stops for extended upside toward $3,350+.
Management: Take partials at first target, move SL to breakeven once $3,341 is defended.
🔽 Bearish Plan (cleaner if the floor breaks)
Trigger: 30min body close below $3,324.69.
Targets: First into $3,320.50, then $3,315.11. Extend lower if sellers dominate.
Management: Scale partials at first target, protect rest at breakeven.
🔄 Range Scalp (higher risk)
Shorts: Near $3,341 on strong rejection → target mid-range $3,332–$3,334, SL above rejection high.
Longs: Near $3,324–$3,326 on rejection wick → target mid-range, SL under lows.
⚠️ Use smaller size; chop can whip back fast.
✅ What Confirms a Break
Strong 30min body close above/below the marked levels.
❌ What Invalidates
Breakout candle closes back inside range next bar → likely trap.
Multiple wick pierces without follow through.
📌 Bottom Line
Waiting for a 30-min close outside $3,324.69–$3,341.46.
Upside bias above $3,341.46 → targets $3,346.46 and higher.
Downside bias below $3,324.69 → targets $3,315.11.
Gold in Tight Range | Waiting for the Big BreakOut After FOMC!Gold is currently consolidating within a narrow range, building momentum for a potential major BreakOut.
After Monday’s liquidity sweep, price has been moving strongly between 332x – 335x, but on the H1 timeframe it still remains locked in a descending channel.
Last week’s CPI & PPI data failed to set a clear direction, which is why this week’s focus will shift to the FOMC meeting. This is expected to deliver the decisive signal for gold’s next big move.
⏳ Early–Mid Week: With fewer major events, gold is likely to continue sideways within the narrow range or remain under mild selling pressure until the FOMC release.
🔑 Key Market Levels
Resistance: 3357 – 3369 – 3383 – 3398
Support: 3335 – 3317 – 3309
📌 Trading Setup
✅ BUY Zone: 3334 – 3332
SL: 3328
TP: 3338 – 3342 – 3346 – 3350 – 3355 – 3360 – 3370 – 3380
👉 A breakout above 336x could trigger a strong rally towards 3383 – 3398.
✅ SELL Zone: 3383 – 3385
SL: 3390
TP: 3378 – 3374 – 3370 – 3360 – 3350
👉 If gold fails at high resistance and reverses, it could sweep liquidity back to 333x – 331x, and potentially deeper towards 329x.
⚠️ Summary
Gold is at a critical decision point: BreakOut or BreakDown.
Before FOMC: expect sideways / mild downside inside H1 channel.
After FOMC: anticipate a strong Pump or Dump that will set the next trend.
🔥 Watch key levels 333x – 336x – 338x closely for market reactions and adjust strategy accordingly.
GOLD (XAU/USD): IS THE BOUNCE ON THE CARDS?GOLD (XAU/USD): IS THE BOUNCE ON THE CARDS?
Alright, traders, let's have a quick look at Gold (XAU/USD).
The price has just hit the trendline right at the 3333 mark, and we're seeing a pretty strong rejection there. In my view, this isn't just traders taking profits; it looks like the buyers are already stepping in quite aggressively.
My Trading Plan
Buy Zone: I reckon this area is a great spot to get in and go long. It's an ideal entry to catch the potential next leg up.
Short-Term Targets:
My first target is 3345. We might see a slight reaction there before the price pushes higher.
The more ambitious target is the 3366 - 3368 zone.
Elliot Wave Outlook: The wave count isn't crystal clear just yet, but if this bounce holds up as expected, this move could be the start of Wave 3 in a new, medium-term bullish trend.
Strategy & Risk Management
Action: My priority is to buy into this strength.
Stop-Loss: To keep things safe, I'll place my stop-loss just below the recent M15 low. I'm looking to hold this for a potential medium-term trade.
What do you lot think? Do you reckon Gold is about to bounce higher from here? Share your thoughts below!
GBPUSD SHORT4H demand remains in control, coming from the weekly demand zone we shared last week.
To continue the bull run, price needs to pull back — room for shorts before bulls take full control again.
As a result, price gave a clear reason for lower prices.
Exited after 3RR achieved. No more, no less.
Same system, every time.
There’s literally nothing to change.
Data over emotion.
(And like I always say… you should say it too.)
MT5 screenshot in comment.
EURUSD🔹The price has declined after hitting the important area in the 4-hour time frame
🔸It is now in the important area, which is suitable for high-risk people to sell
🔹In case of consolidation above this area, if the price returns to the demand area (blue area), it will be suitable for entering a sell transaction
🔸If there is no consolidation and confirmation by the candlestick, you can sell for lower targets
#eurusd #euros
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,344 after failing to break $3,367 minor resistance and hold above the $3,353 level, with both the 50MA (pink) and 200MA (green) now sitting above price and acting as dynamic resistance.
A break and sustained hold back above $3,353 would be needed to regain short-term bullish momentum, opening the path to $3,367 (minor resistance) and $3,380. Failure to reclaim $3,353 keeps the bias tilted bearish, with downside pressure likely toward $3,329 and $3,313 - $3,295.
Current structure remains under pressure while price stays below the moving averages, with sellers holding the near-term advantage.
📋 Bullish Plan
The $3,329–$3,313 zone aligns with main buy-side liquidity and a fair value gap on both the 1H and 4H charts — making it a high-probability reaction area.
📌 Key Levels
Resistance:
‣ $3,353
‣ $3,367
‣ $3,380
‣ $3,399
Support:
‣ $3,329
‣ $3,313
‣ $3,295
‣ $3,281
🔎 Fundamental Focus – Fri, Aug 15
Busy session ahead with multiple high-impact US releases, including Core Retail Sales, Retail Sales, and Import Prices — key indicators for consumer demand and inflation trends that can directly affect USD and gold volatility.
Later, we have Prelim UoM Consumer Sentiment and Inflation Expectations, which may influence market expectations for Fed policy.
⚠️ It’s Friday — expect high volatility spikes. Manage risk carefully and avoid holding unnecessary exposure over the weekend.
TESLA BREAKOUT -- TARGET LEVELSHello Traders! Tesla recently broke out of its wedge pattern, with price currently consolidating just outside the breakout trendline.
Price should continue to the upside based on the technicals.
I have charted the target levels for Tesla for an upside move.
Thanks everyone!
Gold at Crucial Levels – Buy or Sell? Watch These Key Price ZoneDaily Gold Update:
This is the daily timeframe chart of Gold1!.
Gold1! is forming an ascending broadening wedge pattern with support in the ₹98,500–₹98,800 range.
If this support holds, we may see higher prices.
However, if it breaks, Gold1! could decline towards its pattern target near ₹95,000.
Thank You !!
XAU/USD Intraday Plan | Support & Resistance to WatchGold is holding above the $3,353 support after reclaiming the 50MA (pink), but price remains capped just under the $3,367 minor resistance level and 200MA (green), which is acting as dynamic resistance.
A decisive break and hold above the minor resistance and 200MA would likely strengthen bullish momentum, opening the way to $3,380, followed by $3,399 and $3,422. Failure to break through could see price rotate back toward $3,353; a break below this level would shift focus to $3,329 and $3,313.
📌 Key Levels to watch
Resistance:
‣ $3,367
‣ $3,380
‣ $3,399
‣ $3,422
Support:
‣ $3,353
‣ $3,329
‣ $3,313
‣ $3,295
🔎 Fundamental Focus
A high-impact day for USD with Core PPI, PPI, and Unemployment Claims — all potential volatility drivers for gold.
Later, multiple FOMC member speeches and President Trump’s remarks could add further swings.
Expect sharp intraday moves around data releases and headline risk into the US session — manage positions and risk accordingly.
Crypto Macro Cockpit: Risk-ON Regime ConfirmedThis chart presents a live macro overlay for crypto markets using the new Crypto Macro Cockpit, a Pine Script-based dashboard that blends traditional flow metrics with institutional-era proxies.
We're currently reading a Risk-ON regime as fresh liquidity deploys into the system—confirmed across stablecoin metrics and sector rotation.
🔍 Key Insights
Risk Flow: Stablecoin cap is rising slower than total market cap → suggests active deployment (Risk-ON)
Liquidity Context: StableCap ROC at +7%, confirming real dry powder growth
Rotation: ETH vs BTC and ETHBTC both accelerating upward → ETH/Alts tilt
TOTAL3ES/ETH ratio: Softening short-term → confirms engineered altseason with ETH as the core liquidity channel
Macro Regime: Risk-ON (new liquidity deploying)
🧠 Thesis
This aligns with the Trojan Cycle thesis:
Institutional liquidity enters through safe, regulated channels (e.g. stablecoins), while synthetic altseasons are engineered to engage and extract liquidity from retail participants.
Legacy macro tools like M2 are no longer as effective. In today’s structure, stablecoin metrics offer real-time, blockchain-native liquidity signals.
- Stablecoin Market Cap reflects actual capital inflow (dry powder entering)
- Stablecoin Dominance proxies sentiment: declining = risk-on, rising = risk-off
- Their spread vs Total Market Cap reveals whether capital is being deployed or parked
As institutions and ETFs reshape market dynamics, this cockpit adapts.
M2 is out. Stablecoins are in.
⚠️ Disclaimer
This is not financial advice.
This script and dashboard are informational tools meant to support macro-level context and regime awareness—not trade signals.
Always do your own research.
Fresh Breeze in the Portfolio – VOLTAS Buy SignalHere are two charts of VOLTAS — one on the weekly timeframe and the other on the daily timeframe.
On the weekly timeframe: VOLTAS is taking strong support in the ₹1,050–₹1,100 range.
The EMA is also providing support near the ₹1180 level and 1030-1050 level .
On the daily timeframe, VOLTAS is taking support near the ₹1180-₹1200 level.
VOLTAS has two key support zones — in the short timeframe at ₹1,180–₹1,200, and in the long timeframe at ₹1,050–₹1,100.
If these levels are sustained, we may witness higher prices in VOLTAS.
Thank You !!
Has Gold finally topped?Since December 2024, gold has held above a key diagonal support line (see chart).
On 25 July 2025, price broke below a medium-term diagonal support — and recent action looks more like a break-and-retest than a full recovery.
The Chaikin Money Flow is also showing negative divergence, suggesting buying pressure is weakening even as price tried to push higher. That’s often a warning sign for potential trend reversals.
Could this be the start of a deeper move down, or just a pause before new highs?
What’s your take — has gold topped?
USNAS100 | Consolidation Before CPI –Breakout or Pullback Ahead?USNAS100 Overview
The index reached its all-time high ahead of recent speculation about a potential Fed rate cut. This week’s CPI data will be a key driver, indicating whether the Fed may cut rates in the near term.
Technical Outlook:
As long as the price trades below 23640–23690, a decline toward 23530–23435 is expected. A break below this zone could extend the drop toward 23295.
A 1H close above 23695 would turn the outlook bullish, targeting 23870.
Support: 23535, 23435, 23295
Resistance: 23870, 24040
previous idea:
DEAPCAP LONG IDEADEAPCAP stock, after breaking out of a trendline and retesting the trendline and support level, it formed a bullish engulfing candlestick, confirming that it's ready to continue the rally.
To advantage of this long signal, you can buy at the current market price. The stop can be at N1.10 (-19.12%) while the targets are N1.60 (17.65%), N1.94 (42.65%) and 2.36 (73.53%).
Confluences for the long idea:
1. Breakout and retest of a trendline
2. Bullish engulfing candlestick confirmation
3. Support level
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.