Gold Rounding Bottom Breakout Signals Further Upside To 4,450$Hello traders! Here’s my technical outlook based on the current XAUUSD (4H) chart structure. XAUUSD previously traded inside a broad range before breaking below the 4,450 Support Level and moving lower. After forming a rounding bottom, price broke above the descending trendline, signaling a bullish shift. Currently, XAUUSD is trading above the 4,300 Buyer Zone while approaching the 4,450 Seller Zone. The recent breakout and strong upward move suggest that buyers remain in control. As long as XAUUSD holds above the 4,300 Buyer Zone, the bullish scenario remains valid. A successful retest of support could push price toward the 4,450 Seller Zone (TP1). However, a breakdown below 4,300 would weaken the bullish outlook. Please share this idea with your friends and click "Boost" 🚀
Technical Analysis
XAU/USD Masterclass | How to Measure Cycles and Predict Market
Gold Market Cycle Analysis | Time, Price & Trend Projection Masterclass
This advanced educational chart explains the professional approach of Gold market cycle analysis, where traders study the relationship between time, price movement, market rhythm, and previous historical patterns to understand possible future market behavior.
Every candle on the chart represents a specific battle between buyers and sellers. By studying candle formation, cycle length, price movement, and repeated market behavior, traders can identify potential turning points, continuation zones, and important market phases.
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1. Cycle Measurement — Understanding Market Rhythm
The first step in cycle analysis is identifying a complete price movement from one major top to another major top, or from one important bottom to another important bottom.
Candle Explanation:
Starting Bullish Candles: Early bullish candles show increasing buying pressure and the beginning of a market expansion phase. Buyers gradually gain control as price starts creating higher levels.
Strong Expansion Candles: Large bullish candles indicate strong momentum and aggressive participation from buyers. These candles often appear when market demand increases.
Peak Formation Candles: Near the cycle top, candles become smaller and slower. This shows that buying pressure is weakening and sellers may start entering.
Reversal Candles: Bearish candles appearing after the peak indicate a shift in market control from buyers to sellers.
Decline Phase Candles: Continuous bearish candles create the next cycle movement, completing the relationship between previous high and future price behavior.
Reason: Markets often move in repeating cycles because trader psychology, liquidity, and institutional activity create similar patterns over time.
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2. Cycle Shift — Time Projection Analysis
The second concept explains how a previous market cycle can be shifted forward to study possible future timing.
Candle Explanation:
Previous Cycle Candles: Historical candles show how price behaved during an earlier market phase.
Shifted Cycle Movement: The previous pattern is moved forward in time to compare possible similarities with current price action.
Matching Candles: When current candles start behaving similarly to previous cycle candles, traders watch for possible repeated reactions.
Turning Point Candles: Important candles near cycle completion can indicate possible reversal or continuation areas.
Momentum Candles: Strong candles after the cycle point show confirmation that the market direction is continuing.
Reason: Time cycles help traders understand when important market reactions may happen, but confirmation from price action remains necessary.
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3. Time & Price Projection — Future Target Analysis
The final step combines previous cycle movement with price measurement to estimate possible future targets.
Candle Explanation:
Base Formation Candles: Small candles near a low area indicate accumulation, where buyers may slowly enter the market.
Breakout Candles: Strong bullish candles breaking previous resistance show increased demand and possible trend continuation.
Acceleration Candles: Large momentum candles represent aggressive buying and expansion.
Target Reaching Candles: As price approaches previous highs, candles may slow down because traders start taking profits.
Reaction Candles: Wicks and rejection candles near targets show where market participants are defending levels.
Reason: Price often reacts around previous cycle highs and lows because these areas contain liquidity and historical interest.
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Gold Candle Psychology Analysis
Every candle provides important information:
Bullish Candle:
Shows buyers are stronger than sellers. The larger the body, the stronger the momentum.
Bearish Candle:
Shows sellers are controlling the market and pushing price lower.
Long Wick Candle:
Shows rejection. One side attempted to move price but failed.
Small Body Candle:
Shows uncertainty and balance between buyers and sellers.
Large Momentum Candle:
Shows institutional participation and strong market interest.
Repeated Candle Pattern:
Shows market psychology repeating through different cycles.
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Professional Cycle Trading Framework
This chart teaches traders how to analyze:
Previous Market Cycles
Time-Based Price Movement
Historical Repetition
Trend Continuation
Reversal Possibilities
Support & Resistance Timing
Market Psychology
Future Price Projection
The purpose of cycle analysis is not to predict the market with certainty, but to understand where price has reacted before, how long movements usually last, and where important decisions may occur.
A professional trader does not only watch candles — they study the story behind every candle, the timing behind every move, and the psychology behind every market cycle.
Learn the cycle. Understand the movement. Master the market structure.
XAUUSD: Bullish Structure Favors a Move Toward $4,430Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD previously traded inside a broad descending channel before forming a strong base near the lower boundary. After several breakout attempts, price successfully broke above the channel resistance and reclaimed the 4,290 Support Zone, confirming a bullish shift in market structure.
Currently, XAUUSD is trading above the 4,290 Support Zone while remaining below the 4,430 Resistance Zone. The recent breakout from the consolidation range and the ascending trendline suggests that buyers remain in control despite the short-term pullback.
My Scenario & Strategy
As long as XAUUSD holds above the 4,290 Support Zone and respects the rising trendline, the bullish scenario remains valid. A successful retest of support could trigger another upward move toward the 4,430 Resistance Zone (TP1).
However, a breakdown below the 4,290 Support Zone would weaken the bullish outlook and increase the risk of a deeper correction.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
USD/CHF - Key demand zone could trigger the next upside move!The USD/CHF 4H chart is showing a constructive structure, with price holding above the rising trendline and developing a potential higher-low setup.
🔥The highlighted 0.8040–0.8055 key zone is the main area to watch. As long as price respects this demand/support region, the bullish scenario remains technically valid.
🔥A move higher could first target 0.8167, followed by 0.8206. These levels also align with the marked Fibonacci structure and previous price reactions.
Key zone: 0.8040–0.8055
Upside target 1: 0.8167
Upside target 2: 0.8206
Bullish condition: Price holds the key zone and develops higher highs
Invalidation: Sustained break below the key support structure
Disclaimer : This analysis is for educational and informational purposes only. It is not financial or investment advice and should not be considered a recommendation to buy or sell.
XAUUSD: Trendline Holds, Buyers Target 4,400XAUUSD maintains its upward momentum, with the price consistently reacting positively above the rising trendline. Following a brief consolidation phase around 4,330, buying pressure is gradually returning, and the structure of higher highs and higher lows remains intact.
From a fundamental perspective, a weak USD and cooling US yields—following lackluster labor data—continue to support gold. This suggests that current pullbacks are more likely retests rather than reversals.
My preferred scenario is for XAUUSD to hold above 4,330 and subsequently extend its gains toward the 4,375–4,400 zone. A decisive break below the trendline and the 4,330 level would undermine the short-term bullish outlook.
AUDUSD is Nearing an important Support Area!Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.70300 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.70300 support and resistance area.
Trade safe, Joe.
GOLD (XAUUSD): Support & Resistance Analysis for Next Week
Here is my latest structure analysis for Gold.
Resistance 1: 4340 - 4437 area
Resistance 2: 4572 - 4596 area
Support 1: 4165 - 4223 area
Support 2: 4104 - 4121 area
Support 3: 3996 - 4028 area
Support 4: 3943 - 3975 area
Consider these structures for pullback/breakout trading.
❤️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.
EURUSD is Nearing a Nice Support!Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.15300 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.15300 support and resistance area.
Trade safe, Joe.
Episode 02 — The Man Who Saw the Patterns🎬 Mr. Nobody’s Chronicle
Season I — The History of Elliott Wave Principle
Episode 02 — The Man Who Saw the Patterns
“Every great discovery begins with a question.”
In the previous episode, we spoke of the waves that existed long before Elliott.
Waves that moved through the markets every day—yet to most people, they were nothing more than fluctuations in price.
But one man decided to look closer.
Not simply at price...
but at behavior.
His name was Ralph Nelson Elliott.
A man whose name would eventually become closely associated with one of the most recognized approaches to studying market structure.
But his story did not begin with the wave rules we know today.
It began when...
there were no rules yet.
Elliott began looking into the history of the markets.
He compared movements.
He studied advances and declines.
And he searched for something that might be hidden within all those fluctuations.
Was market movement entirely random?
Or was there an order behind those changes that we had simply not learned to recognize?
The more he observed, the deeper the question became:
If market behavior had produced recurring patterns in the past, could those patterns be studied?
This was not yet the beginning of a theory.
It was the beginning of a research journey.
Elliott did not have all the answers.
He observed.
He compared.
And he returned to the charts again and again.
Perhaps that is how great ideas begin.
Not with a formula...
but with years spent searching for an answer to a question.
Over time, Elliott came to believe that market movements were not necessarily a collection of unrelated events, but could reflect an underlying order shaped by collective human behavior.
But observation alone was not enough.
If a pattern truly existed...
it had to be found within the structure of the market.
And this was where the story entered a new chapter.
The man who had been looking at charts...
began searching for patterns.
But what exactly did he see?
How did those observations evolve into the idea of market waves?
And more importantly...
Was the order he saw truly recurring?
That question would lead us to the next chapter of the story.
To be continued...
Narrated by Mr. Nobody 🎧📊
Research & Market Studies
Mehdi & Rana
6 days ago
Before Elliott: The Birth of an Idea | Episode 01
DEducation
XAUUSD H1: A Pullback Toward Support Is Taking ShapeXAUUSD is struggling to break through the 4,355–4,365 resistance zone. Although the previous bullish trend is still present, repeated attempts to push higher near this area have been rejected, suggesting that buying momentum is currently not strong enough to produce another clear breakout.
In the short term, I lean toward a corrective move back toward the 4,285–4,295 support zone. This area previously acted as resistance and may now become an important support zone. If XAUUSD continues to remain capped below 4,360, profit-taking pressure could gradually drag price back toward this area before the market develops its next move.
The corrective scenario would weaken if price breaks decisively above 4,365 and holds firmly above the current resistance zone.
This scenario reflects my personal market assessment only. Please make your trading decisions based on your own analysis.
Wishing you successful trading!
XAU/USD H1 — Bullish Structure with Liquidity Sweep SetupGold is currently trading within a clear bullish market structure on the H1 timeframe, with price forming higher highs and higher lows after the Market Structure Shift (MSS) around the 4300 area.
🔹 Market Structure Shift (MSS):
The break above the previous structure around 4300–4305 confirmed a bullish shift in market structure. After this breakout, price continued to print higher highs, supporting the overall bullish bias.
🔹 Bullish Trendline:
The ascending trendline is providing dynamic support. Price has respected this trendline multiple times, particularly around the 4315–4320 region. As long as this trendline remains intact, the broader H1 structure remains bullish.
🔹 Buy-Side Liquidity:
Significant Buy-Side Liquidity is resting above the previous high around 4370–4373. This is an important upside liquidity pool and can act as a potential draw for price.
🔹 Strong Resistance:
The 4360–4363 region is marked as strong resistance. Price has already reacted from this area, showing that sellers are defending this level. A clean H1 break and close above this resistance would strengthen the bullish continuation scenario.
🔹 Current Price Reaction:
Price recently rallied from approximately 4315–4320 toward the 4360 resistance area. After touching the resistance, the latest candles are showing a bearish reaction, suggesting a short-term retracement may occur before the next directional move.
🔹 Sell-Side Liquidity:
There is visible Sell-Side Liquidity around 4315–4317. If price fails to break the 4360 resistance, the market could first move lower to sweep this liquidity before attempting another bullish expansion.
🔹 Fair Value Gap:
A large Fair Value Gap (FVG) is marked between approximately 4210–4230. This represents an important imbalance created during the previous bullish displacement. Although it is considerably lower than current price, it remains a major H1 imbalance/support zone.
🔹 Bullish Continuation Scenario:
If price holds above the ascending trendline and successfully breaks the 4360–4363 resistance, the next major objective is the 4370+ Buy-Side Liquidity. A successful liquidity sweep could then potentially open the way toward the 4400 psychological level.
🔹 Bearish Retracement Scenario:
If 4360–4363 continues to reject price, a retracement toward the 4315–4317 Sell-Side Liquidity is technically possible. This would be a liquidity sweep rather than an immediate confirmation of a full bearish reversal.
📌 Overall Outlook
H1 Bias: Bullish 📈
The bigger structure remains bullish due to the MSS + ascending trendline + higher-high/higher-low formation. However, price is currently sitting beneath a major resistance zone, so a short-term liquidity sweep toward 4315–4317 is possible before the next bullish expansion.
Key levels:
🟢 Support / SSL: 4315–4317
🔴 Strong Resistance: 4360–4363
🎯 Buy-Side Liquidity: 4370–4373
🚀 Major Upside Target: 4400
🔵 Major H1 FVG: 4210–4230
The key confirmation is 4360–4363: a clean breakout favors continuation toward 4370+ and potentially 4400, while rejection can send price back toward the 4315–4317 liquidity zone.
NVDA Printed Another New High At 225.58.NVDA Printed Another New High At 225.58.
The leader keeps leading. NVDA pushed to yet another new high at 225.58 over the weekend and is trading 224.62, holding well above the 220.21 and 217.73 supports. The uptrend from 189 is now one of the strongest runs on the board, but the signs of stretch are stacking - an NR7 is compressing and the surface has cooled after the run. This is a powerful trend that has gone a long way without a meaningful pause. Holding the highs, but extended. Neutral.
Resistance: 225.58 - the new high
Key resistance: 226.52 - next level up
Current price: 224.62
Support: 222.43 - first support
Key support: 220.21 - the shelf
Structural floor: 217.73 - the trend line
Two paths from here:
It holds 220 and pushes 225.58. A trend that keeps making higher highs and holding its supports stays in force. A break of 225.58 opens 226.52 and beyond. NVDA remains the clear leader.
The stretch finally resolves in a pullback. NVDA has run from 189 to 225 with barely a rest, and the NR7 plus cooled surface is the setup for one. A loss of 220.21 would be the first real pullback, likely toward 217.73. The longer the run, the sharper the eventual rest.
NVDA printed another new high and remains the strongest name on the board. 220.21 is the level that keeps the trend intact; the compression says a move is coming, and after this much run, a pause would be healthy.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
Gold Rejected at Resistance — Eyeing a Sell Toward 4,295Hi traders,
Gold just approached the 4,360–4,400 resistance zone but failed to break through, with a fairly clear selling reaction pushing price back down from the recent high. Overall, the uptrend hasn't broken yet since price remains above both the EMA34 and EMA89, so this is more likely a corrective pullback within the uptrend rather than a reversal — but in the short term, sellers are temporarily in control following the rejection at resistance.
I'm eyeing a sell on this pullback, targeting the 4,295 zone — where it converges with the EMA34 and is also an area likely to pull price back to before the market decides its next direction. If selling pressure continues after breaking the nearby 4,318–4,320 support zone, price could slide straight down to 4,295.
Sell zone: Retest/rejection around 4,340–4,350 (the zone just rejected)
Confirmation: Bearish rejection candle or break of the 4,318–4,320 short-term support on the H1 timeframe
Target: 4,295
Invalidation: H1 close above 4,360, breaking the resistance zone
This is not investment advice — wishing you successful trading.
Mid-Term Bitcoin Update: Bearish Momentum, Key Supports, and RevYou are looking at the historical weekly chart of Bitcoin .
After touching the ceiling of the historical channel (green), Bitcoin entered a correction and price decline. Its most important support was the floor of the ascending channel (yellow), which it lost. For this reason, its price decline gained more momentum.
Currently, it is declining inside the pink descending channel until one of these two scenarios happens:
It reaches the midline of the historical channel (around $38k to $40k) within this pink channel.
It will only attack the ceiling of the historical channel again when the ceiling of the current descending channel (pink) breaks upwards, and of course, it also faces the tough resistance of the weekly Ichimoku cloud ahead.
Therefore, in the first step, smart money will only enter with a breakout of the pink channel ceiling, with the initial target being the floor of the weekly Ichimoku cloud.
So for now, it is moving inside the pink channel towards the midline of the historical channel in the medium term.
XAGUSD 15M — Market Structure & Rebalancing AnalysisAnalysis:
Silver is showing a potential bullish market-structure shift after sweeping lower liquidity and forming a CHOCH around the 64.00 area.
Price has since moved above the marked support zone, suggesting that the previous resistance area may now act as support on a retest.
🔎 Key Levels
Support / Retest Zone: ~64.00
Liquidity: ~63.65
15M FVG + OB: ~63.30–63.55
Upside Reference Zone: ~65.10–65.15
📊 Market Structure
The key area to watch is the 64.00 support zone. If price revisits this area and demonstrates bullish acceptance—such as rejection, displacement, or a lower-timeframe structure shift—it could support the continuation thesis.
A deeper retracement toward the 15M FVG + Order Block would represent a more significant rebalancing area rather than automatically invalidating the bullish structure.
⚠️ Invalidation / Risk
A sustained move back below the relevant demand structure would weaken the bullish continuation thesis and require reassessment of the setup.
This is a technical/educational market-structure analysis, not financial advice or a trade recommendation. Always conduct your own research and manage risk appropriately.
#XAGUSD #Silver #TechnicalAnalysis #MarketStructure #CHOCH #Liquidity #FVG #OrderBlock #PriceAction #TradingEducation
XAGUSD 15M — Structure Shift & Resistance-to-Support📊 Market Structure:
Silver has shown a clear intraday MSS → BOS sequence after sweeping the previous liquidity area near 61.00–61.10. This was followed by strong bullish displacement toward the 62.70–62.90 region.
🔄 Resistance → Support:
The marked 62.70–62.90 area has transitioned from resistance into a potential support zone. A controlled retracement into this area could be important for assessing whether bullish structure remains intact.
🟢 Bullish Scenario:
If price revisits the zone and produces a confirmed bullish reaction, the current structure would remain constructive. Continued acceptance above the zone could support further upside exploration.
🔴 Bearish Scenario:
If price loses the 62.70 area with sustained bearish structure, the resistance-to-support thesis would weaken and a deeper retracement could become relevant.
💧 Liquidity / 15M OB:
The lower 15M Order Block around 60.90–61.10 remains an important structural reference if the retracement becomes deeper.
🔎 Key Levels
🟦 Resistance → Support: ~62.70–62.90
💧 Liquidity / 15M OB: ~60.90–61.10
📍 Current price: ~63.56
📈 Recent high: ~65.00+
⚠️ Confirmation matters: The marked zones are areas of interest, not automatic entry points. Price reaction, displacement and structure should be evaluated before drawing conclusions.
🧠 This publication presents technical market-structure analysis and scenario-based price study. It is not a guaranteed outcome or financial advice.
XAUUSD H1: Gold Pauses at 4,280–4,300 — Bounce or Break?Hi traders,
Gold is maintaining a positive recovery structure, trading above both the EMA34 and EMA89, with recent lows trending higher. After tapping 4,340, price began a mild pullback — this looks more like a pause than a reversal signal.
I'd prefer to wait for price to pull back into the support zone around 4,300–4,320. If this zone holds and a bullish rejection candle forms on the H1 timeframe, buying pressure could return, pushing price through the 4,320–4,340 area and toward the 4,400–4,405 target zone.
No notable macro events are scheduled for today's session, so the actual price reaction at the support zone remains the most important signal to watch.
Potential buy zone: 4,300–4,320
Target: 4,405
Invalidation: H1 close below 4,270
This is not investment advice — wishing you successful trading.
Dollar Index (DXY): Bullish Move From Support
Dollar Index will likely pull back more from a solid intraday/daily support cluster.
A valid CHoCH on an hourly time frame leaves a strong bullish clue.
Goal - 99.88
❤️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.
EURUSD: Reclaims Key Support — Can Buyers Reach 1.1620?Hello everyone, here is my breakdown of the current EURUSD setup.
Market Analysis
EURUSD previously traded inside a descending channel before breaking above the upper trendline, confirming a bullish shift in market structure. After the breakout, price formed an ascending channel and reclaimed the 1.1500 Support Zone, showing that buyers regained control.
Currently, EURUSD is trading above the 1.1500 Support Zone while remaining below the 1.1620 Resistance Zone. The latest pullback appears corrective, with buyers continuing to defend the rising channel.
My Scenario & Strategy
As long as EURUSD holds above the 1.1500 Support Zone and remains inside the ascending channel, the bullish scenario remains valid. A rebound from current levels could push price toward the 1.1620 Resistance Zone (TP1).
However, a break below the 1.1500 Support Zone would weaken the bullish outlook and increase the risk of a deeper correction.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
The Quiet Phase Before Every Explosive MoveThe Market Gets Quiet Before It Gets Aggressive:
Markets do not always make a big move out of nowhere. Before many explosive moves, price goes through a quiet phase in which candles become smaller, volatility decreases, and price moves within a narrow range. This phase can look boring, but it can also be a sign that the market is becoming compressed. Instead of trying to predict the next move, I prefer to observe how price behaves during this period.
Small Candles Can Show Increasing Pressure:
When candle sizes start to decrease, it does not always mean the market has lost interest. Sometimes it means buyers and sellers are becoming more balanced. Neither side can move price very far, so the trading range becomes tighter. The important part is not the small candles themselves, but the fact that price is struggling to move away from the same area.
Low Volatility Does Not Tell You the Direction:
A quiet market can eventually move strongly, but the quiet phase alone cannot tell us whether the next move will be bullish or bearish. This is an important distinction. Low volatility is not a buy or sell signal. It simply tells me that the market is becoming compressed. For direction, I still look at the higher-timeframe trend, important levels, market structure, and how price reacts when it finally leaves the range.
The Breakout Is Only Part of the Story:
Most traders focus on the candle that breaks out of the range. I think the behaviour before that breakout is equally important. If price has spent hours or days moving inside a tight area, the breakout is coming after a period of compression. That gives the move more context. Instead of asking only, “Did price break out?”, I want to know, “What was price doing before the breakout?”
The First Breakout Can Be Misleading:
A quiet range can produce a false breakout before the real move begins. Price may briefly move above resistance, attract buyers, and then fall back into the range. The same thing can happen below support. This is why I don't automatically chase the first breakout. I want to see whether price can hold outside the range and whether the market is actually accepting the new price area.
Failed Attempts Can Reveal Strength:
One of the most useful things to watch is what price repeatedly tries to do but cannot accomplish. If sellers keep pushing toward support but fail to create meaningful downside movement, sellers may not be as strong as they appear. If buyers repeatedly attack resistance but cannot hold higher prices, buyers may be struggling. These failed attempts can provide useful information about the balance between buyers and sellers.
Not Every Quiet Market Will Explode:
This is where traders often make a mistake. They see a tight range and immediately expect a huge move. That is not how I approach it. A market can remain quiet for a long time, and sometimes the eventual move is not particularly large. The quiet phase should therefore be treated as something to observe, not as an automatic trading signal.
The Real Opportunity Is in the Preparation:
The explosive candle usually gets all the attention because it is easy to see. But the preparation happens before it. The tightening range, decreasing volatility, repeated tests of important levels, and failed attempts to move away from the area can all provide clues. By the time the large candle appears, the market may have already been preparing for that move for quite some time.
Sometimes the Market Whispers Before It Shouts:
The main lesson I take from this behaviour is simple: the market can become most interesting when it looks least interesting. A quiet phase does not tell us exactly when or where the next explosive move will happen, but it can tell us that price is becoming compressed. Instead of trying to predict the explosion, I would rather identify the compression, mark the important levels, and wait for price to show which side has actually taken control.
Conclusion:
The quiet phase is not something I see as a period where nothing is happening. It is often where the market is preparing for its next important move. Small candles, falling volatility, repeated tests, and failed attempts can all show that price is becoming compressed. But compression alone is not a signal to enter a trade. The real opportunity comes when price finally breaks out and proves that one side has taken control. Instead of chasing the explosive move after everyone notices it, studying the quiet phase can help us understand where that move may have started.
By @BrightRally_Research on @TradingView
Gold Miners (GDX) Approaching Key Support ZoneGold and gold miners are now approaching important support zones that could define the next major market move. The weekly chart of the VanEck Gold Miners ETF (GDX) highlights a critical area where the ongoing wave 4 correction could potentially find support before the next impulsive advance begins.
GDX is approaching an attractive support zone formed by the 2021 all-time highs, the 38.2% Fibonacci retracement level, and the upper line of the base channel, which all converge around the 70–68 region. If this area holds, we could see buyers step back in and trigger the next impulsive move higher into wave 5.
However, while this support zone offers a potentially favorable setup, bullish confirmation would only come with a decisive break back above the trendline and the 90 level. Until then, the market remains within a corrective phase, with the next major direction likely determined by how price reacts around this key support area.
Crypto Market Breaks Higher as Risk-On Sentiment ReturnsGood morning, traders!
Global stocks are trading near record highs, with Asian markets following Wall Street higher after soft U.S. jobs data eased expectations of a Fed interest-rate hike. The renewed risk-on sentiment is also supporting the crypto market, which remains in recovery mode.
The Crypto TOTAL market cap chart is now decisively breaking above its channel resistance line within an intraday five-wave bullish cycle. This is an encouraging technical development and suggests that a larger recovery could be underway.
However, despite the bullish breakout, it is still worth remaining cautious in the short term. After the recent strength, we could see at least a corrective pullback before the next larger advance develops. Some of the weaker altcoins may still need to revisit lower support levels before joining the broader recovery.
As long as the overall market structure remains bullish and the breakout holds, the current move could eventually develop into a much larger recovery. Therefore, traders should closely monitor the next corrective phase, as it could provide another opportunity to identify stronger setups within the crypto market.
EURUSD H1: Sellers Are Starting to Regain ControlAfter a strong breakout from the previous consolidation zone, EURUSD made a quick move higher but failed to sustain momentum at elevated levels. Price is now showing increasingly weaker rebounds and continues to face downside pressure, suggesting that buyers are beginning to lose their post-breakout advantage.
EURUSD is currently trading close to EMA34, while the EMA89 area below is becoming an important support level to watch. If price continues to weaken and breaks below the 1.1535–1.1540 area, I expect selling pressure to extend and push EURUSD back toward the 1.1520–1.1525 support zone.
The bearish scenario would weaken if price regains momentum, breaks clearly above the nearest short-term high, and holds back above the 1.1565–1.1570 area.
This scenario reflects my personal market assessment only. Please make your trading decisions based on your own analysis.
Wishing you successful trading!






















