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Technical Analysis

Gold drops sharply, but don't give up just yet.Hello traders, Gold experienced a sharp decline on October 21st , as investors began to take profits following strong expectations that the U.S. might cut interest rates. This is a necessary correction after a sustained rally that pushed gold to record highs. However, don’t be too quick to assume this signals a strong downtrend – even during this correction, gold still maintains certain strength. With the easing of trade tensions between the U.S. and China, as indicated by President Donald Trump's forecast of a peace deal , the demand for safe-haven assets like gold might decrease. However, keep in mind that, in the long run, factors such as the Fed’s ongoing low interest rate policy will continue to support gold prices. The current chart shows gold recovering after a sharp drop to the support level of 4,020,000 USD/ounce , with a strong bullish candle forming above the EMA 34 line (red), signaling the continuation of the long-term uptrend. The next target could be 4,210,000 USD/ounce, but before reaching this level, gold might experience a slight correction, providing an opportunity to enter at a more attractive price. If you are holding gold, be patient and wait for the next breakout.
OANDA:XAUUSDLong
by Octaviuss
3
EURUSD, technical analysis 1WHellou traders, We bring you an important technical analysis of the EURUSD currency pair. The value of this asset reached the key level of 1.19, where was a significant reaction. According to Elliott waves, we can see that the abc structure is complete, absolutely perfectly 1:1 = A:C. The RSI indicator also indicates a bearish divergence. The downtrend in the long term also persists. Liquidity was taken. One unclear fact in the chart is still unfilled price GAP - we must be careful and cannot just ignore it, it is theoretically possible that the price will come through it. The conclusion is that the chart shows all the parameters leading to a downtrend. What do you think about it? We will gradually bring you more current analyses from other charts and time frames. So don't forget to follow us! Thanks WavePulse
Short
by WavePulse
1
Dow Jones Testing 46,760 – Bounce or Breakdown Ahead?Hey Traders, in today’s trading session we’re closely monitoring US30 for a buying opportunity around the 46,760 zone. The Dow Jones remains in a broader uptrend and is currently undergoing a correction phase, approaching a key support and resistance confluence at 46,760. Market Structure: The index continues to print higher highs and higher lows, confirming bullish market structure. The current retracement could offer a potential continuation setup if buyers regain control near this level. Key Level: 46,760 — an important technical zone where trendline support meets horizontal structure, providing a potential reaction point for bulls. Outlook: If buying pressure emerges from this area, a move toward 47,400–47,600 could be on the table in the coming sessions. 💬 What’s your take on US30 here? Do you see a bounce from support or a deeper pullback coming? Share your view in the comments! Trade safe, Joe.
CAPITALCOM:US30Long
by JoeChampion
8
Breakout or Fake-Out? Corn Just Kissed Its Support!1. The Setup Corn’s doing exactly what disciplined traders hoped for — pulling back to the same UFO support zone that powered the earlier wedge breakout. On the 8-hour chart, price just kissed that 418–411 area… a textbook retest where new buyers could reload the bushels. 2. The Context We saw this coming. The initial breakout looked flashy, but the volume delta wasn’t convinced — it stayed soft. Now that price has tapped into the unfilled-order pocket, watch to see if the delta turns positive again. That’s the “ignition spark” that often separates real breakouts from fakes. 3. The Game Plan The playbook hasn’t changed — only the timing has improved. 🎯 Entry idea: around 418 support 🛑 Stop: 411 (below the UFO zone) 📈 Targets: 430 and 442 ⚖️ Reward-to-Risk ≈ 3:1 This is patience in action — waiting for the market to come to you instead of chasing it. 4. The Specs ZC – Corn Futures: 5 000 bushels · Tick = ¼ ¢ ($12.50) · ≈ $1 000 margin MZC – Micro Corn Futures: 500 bushels · Tick = ½ ¢ ($2.50) · ≈ $100 margin Same analysis, smaller bite size — perfect for managing exposure while keeping precision. 5. The Takeaway Volume shows what’s already been eaten; UnFilled Orders at support show what’s still on the table. Corn just revisited the buffet — now we wait to see if buyers come back for seconds. 🌽🔥 Want More Depth? If you’d like to go deeper into the building blocks of trading, check out our From Mystery to Mastery trilogy, three cornerstone articles that complement this one: 🔗 From Mystery to Mastery: Trading Essentials 🔗 From Mystery to Mastery: Futures Explained 🔗 From Mystery to Mastery: Options Explained When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CBOT:ZC1!Long
by traddictiv
XAUUSD – Sharp 5% Drop as Traders Take Profit Ahead of US CPIMarket Context: Gold (XAU/USD) slumped over 5.5% on Tuesday, marking its largest daily decline in months as traders took profits ahead of the upcoming US CPI data (October 24). The US Dollar Index (DXY) rebounded 0.36% to 98.94, making gold more expensive for foreign buyers. This correction also coincides with renewed optimism over potential easing of US–China trade tensions, after President Trump confirmed plans to meet Chinese leader Xi Jinping next week. While this sharp move caught many traders off guard, it appears to be a healthy correction within a broader bullish structure, as investors remain cautious before major data and the upcoming Fed policy meeting next week. Technical Outlook (M30): After the heavy selloff from the 4,375 high, gold found near-term support around 4,003 – 4,010, forming a potential accumulation base. The pair now trades near 4,150, showing early signs of recovery toward key confluence zones. Key Technical Levels: OBS Sell Zone: 4,338 – 4,340 CP Zone Down / OBS Sell Zone: 4,259 – 4,260 CP Zone Up / OBS Buy Zone: 4,092 – 4,094 Deep Buy Zone: 4,003 – 4,008 The current structure outlines a 5-wave projection, where price may complete Wave II near 4,092, then advance toward Wave III at 4,259, followed by a correction (Wave IV) and another push toward Wave V near 4,338. Trading Plan: 🔹 BUY ZONE#1 (Short-Term Recovery) Entry: 4,092 – 4,094 Stop Loss: 4,080 Take Profit: 4,145 → 4,259 → 4,338 🔹 BUY ZONE #2 (Liquidity Sweep Scenario) Entry: 4,003 – 4,008 Stop Loss: 3,990 Take Profit: 4,090 → 4,259 🔹 SELL ZONE (Countertrend Reaction) Entry: 4,259 – 4,260 Stop Loss: 4,272 Take Profit: 4,145 → 4,092 Summary: The recent 5% correction is viewed as a profit-taking phase ahead of CPI data, not a structural breakdown. Gold is expected to stabilise above 4,092, with buyers likely stepping in near the OBS Buy Zone. Focus remains on 4,259 for a short-term reaction and 4,338 as the next potential liquidity target if momentum continues. 📊 What’s your view — is this just a healthy retracement before CPI, or the start of a deeper shift? 👉 Follow MMFLOW TRADING for daily institutional-grade setups and smart money structure updates.
OANDA:XAUUSDLong
by MMFlowTrading
Bitcoin UpdateBTC/USD — The Range Squeeze Tightens: Volatility Decides Direction Bitcoin remains confined within a bearish range between 113 000 and 116 000. Price sits on the sell side of deviation but has yet to return to discount since yesterday’s flush. The active range squeeze forms between the bullish point of control near 104 000 and the bearish point of control near 111 000, where both sides continue to fight for conviction. Yesterday’s session cleared heavy bullish liquidation, leaving direction to whoever reclaims volume first. Structure: Fibonacci geometry shows BTC pressing into bearish oversold zones. Momentum remains reactive—better suited for short, tactical trades. Order Flow: Sellers defended the 114 000 region; volume still favors supply at the upper band. Execution: Expect consolidation until a new catalyst breaks the compression. Upcoming events—U.S. jobless claims, Fed remarks, and tech earnings—may reset volatility. Liquidity tone stays cautious; ETF inflows paused, and yields remain firm. Patience isn’t waiting—it’s refusing to act in confusion. For now, watch for a 1H structure shift lower or renewed bearish momentum. Bounces toward 111–113 k remain tactical until a daily close confirms otherwise. Bitcoin is coiled inside a range squeeze. One side will lose soon. Until then, probability—not prediction—defines discipline. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
COINBASE:BTCUSDShort
by CORE5DAN
EURUSD – Pressure Returns, Bears Take ControlThe Euro is facing renewed pressure after the Bank of Italy lowered its 2026 growth forecast to just 0.7%, citing the impact of U.S. tariffs. This has raised concerns that the Eurozone’s overall growth may slow further, potentially forcing the ECB to consider policy easing sooner, which in turn could weaken the EUR against the USD. On the H4 chart, price remains below the main descending trendline, confirming that the downtrend is still dominant. After a weak rebound toward 1.1700, selling pressure quickly returned. If price fails to break above this resistance zone, EURUSD is likely to continue falling toward the 1.1570 support area, where previous lows and a key demand zone align. Trading plan: Sell on pullback around 1.1680 – 1.1700 Stop loss: above 1.1730 Take profit: near 1.1580 – 1.1570 The bearish momentum remains strong, and with Europe’s economic outlook turning increasingly gloomy, sellers have every reason to stay in control.
Short
by Octaviuss
14
GBP/USD: Bearish Pressure Ahead of UK BudgetThe British Pound is currently under bearish pressure amid unfavorable economic factors in the UK. The forecast for UK CPI inflation in September is only 3.9%, lower than the central bank's expectations. This could lead to more dovish expectations for monetary policy, putting pressure on GBP. Additionally, the UK's budget announcement on November 26 will be another crucial factor. Until clear information from the budget is released, the British Pound is likely to remain in a "frozen" state with limited upward movement. Technically, GBP/USD has reached resistance at 1.34500 and is experiencing a significant pullback. If the price fails to hold support at 1.32500, the likelihood of further decline to 1.32000 is high. In conclusion, with weak fundamental factors and a bearish technical trend, the probability of GBP/USD continuing to decline is quite high in the near future.
Short
by Octaviuss
3
TradeCityPro | BCHUSDT Next Major Rally or a Sharp Correction?👋 Welcome to TradeCityPro Channel! 💨 Let’s take a deep dive into the BCHUSDT (Bitcoin Cash) chart on the daily timeframe, where the market is showing some very intriguing behavior that could signal the next major move — either a powerful bullish continuation or a short-term bearish pullback. 📊 Over the past several weeks, BCH has maintained a generally bullish structure, moving in sync with broader market sentiment. However, the recent rejection from the $623.4 resistance zone has created a bit of uncertainty. This level is extremely important because it aligns with a major supply zone visible on both the daily and weekly charts, marking a strong area where sellers have historically entered the market. 📈 If BCH manages to break and close above $623.4 with strong volume, that would likely confirm a continuation of the bullish trend, potentially targeting the next psychological zones around $700 and $745. This move could also attract more traders and liquidity into BCH, reinforcing the bullish momentum. 📉 On the other hand, the $451 support has been a critical demand zone where buyers have consistently stepped in to prevent deeper declines. If the price loses this level and closes below it, it could trigger a short-term bearish phase, potentially leading to a retest of the $390–$400 range. Such a move would likely flush out weak long positions before the next major leg upward. 🧠 From a trader’s perspective, patience is key right now. For long entries, we should wait for a confirmed trend reversal on lower timeframes (4H or 1H) — ideally after a clean breakout and retest of the $623.4 resistance. However, for short setups, a breakdown below $451 would provide a much safer and more high-probability entry, especially if accompanied by strong volume and bearish momentum. ⚖️ In conclusion, BCH is currently in a decision-making zone — the market is consolidating between two major levels that will define its next big trend. Whether we see a massive bullish rally above $623.4 or a temporary bearish correction below $451, both opportunities can be highly profitable if timed correctly. Key Levels to Watch: 🟩 Bullish Trigger: Break and retest above $623.4 🟥 Bearish Trigger: Breakdown and close below $451 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice.
Long
by tradecitypro
XNCR 1D time to growth?XNCR: the uptrend hasn't started yet - but someone's quietly accumulating XNCR spent nearly 4 months building a base and finally broke out of consolidation with a clear upward move. The pattern looks like a range with a narrowing triangle at the bottom — the breakout came with rising volume. Entry makes sense in the 9.00–9.20 zone on a retest. Volume profile and Fib levels confirm the importance of this area, plus there’s a clean support shelf at 9.00. The target is 15.65, which aligns with the height of the structure. The 200-day MA is still above price, but a push beyond 11.00 could open the door to acceleration. Fundamentally, Xencor is a biotech company focused on monoclonal antibodies. After a tough 2023–2024 and cost reductions, the market is beginning to price in signs of recovery. Key partnerships remain intact, the pipeline is alive, and recent data for XmAb7195 was well received at industry events. Valuation remains low, and biotech ETF flows are slowly picking up. Still a relatively low-volume name, but the structure is clean, the setup is readable, and fundamentals are turning. With a tight stop below 8.50, the risk-reward looks solid.
NASDAQ:XNCRLong
by TotoshkaTrades
Gold Testing 4,210 Support as Bulls Eye Another Leg HigherHey Traders, in today’s session we’re keeping a close watch on XAUUSD for a potential buying opportunity around the 4,210 zone. Gold continues to trade within a broader uptrend, and the current pullback appears to be a healthy correction toward a key support and resistance confluence at 4,210. Market structure: Momentum remains bullish, with price forming higher highs and higher lows. The ongoing correction could provide a trend-continuation entry if buyers step in near support. Key level: 4,210 — a decisive zone where previous reactions have sparked renewed buying interest. Outlook: A sustained bid from this area could pave the way for another push toward 4,300 and beyond, keeping Gold aligned with its dominant bullish trajectory. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
9
EUR/USD: Cycle Analysis You Can’t IgnoreThis chart reveals a dominant 220-bar cycle in the EUR/USD pair ..a repeating rhythm that has shaped market structure for decades. Out of the last 13 major cycle signals, 10 have delivered strong trade results, each aligning closely with turning points in the broader trend. Every major turning point has followed this same cyclical rhythm, proving that even through major global shifts, the market still moves in repeating, fractal patterns. Cycle and fractal analysis continue to provide some of the most objective timing tools in modern trading. While many still dismiss cycles as “theoretical,” the data says otherwise. Question for You: Are you still dismissing cycle analysis, or are you ready to use it to stay ahead of the next major move? Watch the current cycle high!
Short
by Kenayi
ZBTUSDT.P: short setup from daily support at 0.3052BINANCE:ZBTUSDT.P has been steadily declining since its initial listing. The 0.3052 level marks the price at which the decline stopped two days ago, and today the asset has already tested this level precisely. If volatility remains low and the asset continues to move closer to it, this would represent a technically favorable setup for trading. Key factors for this scenario: Global & local trend alignment Price void / low liquidity zone beyond level Volatility contraction on approach Immediate retest No reaction after a false break Closing near the level Was this analysis helpful? Leave your thoughts in the comments and follow to see more.
Short
by The_Traders_House
3
GBPJPY – Recovery signals within the descending channelThe GBPJPY pair is showing clear signs of technical recovery after a strong downtrend. Recent fundamental developments are also supporting a short-term bullish outlook, mainly due to the weakening of the Japanese yen driven by political expectations and monetary policy stance in Japan. 1. Fundamental Outlook The yen is under downward pressure as Sanae Takaichi, known for her pro-stimulus and dovish stance, is widely expected to become Japan’s next Prime Minister. In addition, BOJ Governor Ueda indicated that the central bank is not in a hurry to raise interest rates, which further reduces the appeal of holding JPY. =>Impact: A weaker JPY, supporting an upside move in GBPJPY. Meanwhile, in the UK, the British pound remains stable as recent fiscal reports show that the national budget remains under control, easing concerns about fiscal risk and giving GBP additional support. 2. Technical Perspective On the 1-hour chart, GBPJPY continues to trade within a descending parallel channel, but the price has rebounded from the 201.5 support zone, which aligns with the lower boundary of the channel. The EMA34 and EMA89 are narrowing, indicating that the bearish momentum is fading. The price could recover toward the 203.0 area, which coincides with the upper boundary of the channel. If buying pressure strengthens and price breaks above this level, the bullish extension toward 204.2 – 205.0 would become a realistic scenario.
Long
by Octaviuss
17
EUR/USD Forecast: How I Plan to Trade the Euro Next WeekOn the daily chart, we can see the formation of a new trading range as a result of interaction with the weekly key level. We can mark D FVG as a zone of interest from which I would like to work on continuing the trend in long. Entry into the position will be executed upon confirmation of the volume on the 4-hour chart. If you found this useful, please write about it in the comments. Feedback is very motivating to publish more useful material.
Long
by MomentumXAlgoritmA-B
XAUUSD – Bullish Trend Remains DominantHello everyone, Gold has made an impressive breakout, doubling in value over the past two years, and is now approaching the 4,400 USD/ounce level. However, this also raises concerns about the potential formation of a speculative bubble, which could lead to a market collapse similar to previous gold investment frenzies. Nevertheless, the current uptrend is still supported by strong macroeconomic factors. Expectations for continued US rate cuts and the demand for gold as a safe-haven asset amid political instability in the US continue to push gold prices higher. Additionally, on October 20th, gold surged due to the instability created by the US government shutdown, prompting investors to turn to gold as a value-preserving asset while awaiting US-China trade negotiations and upcoming inflation data from the US. Technical Analysis XAUUSD is moving strongly within an ascending channel, currently trading around 4,345 USD, near the previous highs. The key support is at 4,240 USD – if the price adjusts back to this level and holds, the uptrend will likely continue. Short-term targets: 4,430 USD (TP1) and 4,500 USD (TP2). RSI indicates strong bullish momentum with no signs of reversal. Conclusion With favorable macroeconomic conditions and strong technical trends, gold maintains its bullish trajectory. Minor pullbacks may provide buying opportunities with a target at the 4,500 USD region.
OANDA:XAUUSDLong
by Octaviuss
11
Gold Holding Gains Ahead of Key US CPI DataGold extends its bullish momentum in early Asian trading, hovering near $4,370, supported by rate-cut expectations from the Fed and ongoing US government shutdown concerns, which continue to pressure the USD. According to CME FedWatch, markets are now pricing in a 99% probability of another rate cut next week — a strong catalyst for gold bulls. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, reinforcing the medium-term uptrend. However, all eyes are on the US September CPI report due later this week. A hotter-than-expected reading could temporarily lift the USD and trigger short-term volatility in gold prices. 🔍 MMFlow Technical Outlook Gold is currently consolidating around the $4,320–$4,370 range after reaching the ATH zone. Price action shows a clear liquidity sweep at the highs, followed by a minor retracement — still within the bullish structure. The main trendline remains intact, suggesting that any dip toward $4,305–$4,260 may attract new buyers. ⚙️ Trading Plan (MMFlow View) BUY SCALP Setup Entry: 4,302 – 4,300 (½ volume) Stop Loss: 4,292 Take Profit: 4,310 → 4,315 → 4,320 → 4,330 → 4,340 → 4,350+ BUY ZONE (Swing) Entry: 4,260 – 4,258 Stop Loss: 4,252 Take Profit: 4,265 → 4,270 → 4,280 → 4,290 → 4,300+ 📈 Buy setups remain favored as long as price holds above 4,260. Intraday sell reactions near 4,360–4,378 are short-term only — watch for liquidity grabs and bullish re-entry opportunities. ⚡️ Key MMFlow Zones CP Down Zone / OBS Sell Zone: 4,360 ATH Liquidity Sell Zone: 4,448 Retest Trendline / OBS Buy Zone: 4,305 End FVG Uptrend / OBS Buy Zone: 4,260 Sentiment: 🟢 Bullish Bias Bias Confirmation: CPI Data & Fed Rate Expectations Strategy: Buy-the-Dip → Target Liquidity Above 4,370–4,380 🔥 Stay patient — let liquidity drive the next leg. MMFlow tracks smart money zones, not emotions.
OANDA:XAUUSDLong
by MMFlowTrading
XAUUSD: Shakeout Before the Next Takeoff?Gold dropped more than 2% on October 17 after hitting a record high above $4,340/oz . The main reason came from a strong rebound in the U.S. dollar and President Donald Trump’s more dovish remarks . He stated that a “comprehensive” tariff on China would be unsustainable and confirmed plans to meet with the Chinese President — a move that helped ease trade tensions and cooled down safe-haven demand. On the H4 timeframe, gold remains within a steady ascending channel, though currently undergoing a short-term correction after touching the upper resistance boundary. The EMA34 around $4,187 serves as temporary support, while the $4,130 zone — aligned with the main ascending trendline — acts as stronger support. The technical structure suggests a likely pullback before the uptrend resumes. The preferred scenario is that gold will dip toward $4,130, where buyers may step back in. If this level holds and forms a higher low pattern, price could rebound toward $4,350, a key resistance zone overlapping the previous high. The overall trend remains bullish, but a technical correction is needed to build momentum for the next rally. Trading Plan: Wait to buy around $4,130 – $4,140, set SL below $4,090, and take profit at $4,280 – $4,350. This pullback looks only temporary — the bulls are still in control. Let’s see how gold reacts around $4,130 before its next upward leg.
OANDA:XAUUSDLong
by Octaviuss
4
TSLA – Sideways Accumulation Phase Ahead of Major NewsTesla’s stock is currently showing a stable sideways movement around the 430–445 USD range as the market awaits the company’s Q3 earnings report (on October 22). Recent news reflects cautious investor sentiment , especially after ISS recommended rejecting Elon Musk’s massive compensation package and amid forecasts suggesting a slight decline in Q3 profits. On the 4-hour chart, TSLA continues to maintain a medium-term uptrend, with prices oscillating around the EMA34 and EMA89, which act as equilibrium zones. The 432 USD area remains the main support, while 493 USD stands as a key resistance level. The chart indicates a high likelihood that the price will continue sideways within this range until the market reacts more clearly after the earnings release. Summary Currently, TSLA is in an accumulation phase , reflecting a tug-of-war between expectations of increased production and concerns over profit margin pressures. In the short term, the trend is expected to remain sideways with a slight bullish bias, awaiting a potential breakout driven by the upcoming earnings announcement.
NASDAQ:TSLA
by Octaviuss
7
SOLUSDT – Short-Term Bearish BiasHello traders, In my view, SOLUSDT is likely to lean toward a slightly bearish trend in the coming sessions. The preferred strategy is to sell the rally when price approaches the confluence zone around 196–199. Currently, Solana is testing the descending trendline that has been in place since early October — a level that has previously formed multiple tops and faced strong rejections. News Overview: The recent listing of the Solana ETF in Hong Kong is a positive sign for the medium term. However, the broader crypto market remains under pressure due to uncertainty in the United States , as ETF approvals are delayed by the government shutdown and the unclear regulatory stance from the SEC. This has limited short-term speculative capital and created a cautious sentiment across the market. In addition, rumors claiming that a Solana ETF was approved in the U.S . have been refuted by Reuters and Bloomberg, indicating that the market may have overreacted to unverified information. This kind of overhype often leads to short-term corrections following technical rebounds. Technical Analysis: On the 4H timeframe, SOL is clearly moving within a downtrend structure, forming a series of lower highs and lower lows. The 196–199 zone aligns with the descending trendline, the EMA89, and a key dynamic resistance level. Price is showing weak reaction in this area, suggesting that buying momentum is fading. If a rejection candle pattern or SFP (swing failure pattern) appears near 197, it could be a good opportunity to enter short positions. The near-term target lies around 182–175, a strong support zone where price previously bounced. If 175 breaks, the decline could extend further toward 170–168.
Short
by Octaviuss
2