Deepak Nitrite - Long-term supportPrice action: Trading ~45% below all-time high → indicates long-term weakness, but also potential value zone if support holds.
Support levels:
Same zone was tested in July 2022, Feb 2023, and again in Feb 2025.
Multiple tests of the same support increase its significance—but repeated retests without strong bounces can weaken it.
RSI (Monthly): Around 40 → in the “watch zone.” This shows potential for reversal if buyers step in.
200 MA: Trading below the 200-day moving average → structurally bearish trend in the medium-to-long term.
🔎 Interpretation
Bullish case:
If this support holds again, a bounce could lead to a relief rally (short to medium term).
RSI at 40 suggests downside is limited compared to when RSI was much higher.
Bearish case:
Multiple retests of the same support often precede a breakdown.
Trading below 200 MA means the broader trend is still down.
If it decisively breaks this support zone, the next leg lower could be sharp.
⚖️ Strategy Thoughts (not financial advice)
Aggressive traders: Can consider accumulating near support with strict stop-loss just below it.
Conservative traders: Wait for confirmation → either a strong bounce with volume from support, or a reclaim of the 200 MA.
Investors: Might prefer to see consolidation and stability before entering, since RSI is not yet oversold.
✅ Key levels to watch:
Support zone: The level tested in Jul ‘22 / Feb ‘23 / Feb ‘25 (critical to hold).
Resistance: 200 MA (any move above with volume = trend reversal signal).
Trend Lines
EURUSD is expected to break through 1.190Recently, the USDX has Recently, the USDX has continued to decline due to expectations of a Federal Reserve rate cut. This has driven the EURUSD to a four-year high.
On the 4-hour chart, the EURUSD continues to rise, demonstrating a clear bullish trend. Currently, the upward trend line is providing effective support for the price. Investors can watch for buying opportunities around 1.1820, with the price potentially breaking through the 1.190 level in the short term.
XLM/USDT: Bullish Move to 0.47?BINANCE:XLMUSDT is setting up for a bullish move on the 1-hour chart , with an entry zone around 0.38 near a key support level as observed in the provided chart.
The target range of 0.46-0.47 aligns with the next resistance, offering strong upside potential. Set a stop loss on a close below 0.35 to manage risk effectively. 🌟
A break above 0.39 with solid volume could trigger this rise, driven by market momentum and XLM network activity. Watch BTC trends! 💡
📝 Trade Plan:
✅ Entry Zone: Around 0.38 (support area)
❌ Stop Loss: Daily close below 0.35 to manage risk
🎯 Target Zone: 0.46 – 0.47 (next resistance)
Ready for this push? Drop your take below! 👇
is forming a Double Top pattern1. Technical pattern
The gold chart (XAU/USD, H1 frame) is showing a Double Top pattern (2 peaks) - this is a classic bearish reversal pattern.
After creating 2 peaks around the 3,700 area, the price has turned down to the support area.
2. Important areas
Short-term resistance: around 3,695 - 3,705 (old peak).
Nearby support: 3,670 - 3,675 area (blue box). This is the neckline of the Double Top pattern.
Next strong support: 3,630 - 3,640 area (red box). This is the area where the price has maintained the previous uptrend.
3. Price scenario
If the price maintains the blue box (does not break the neckline) → it can bounce back to test the 3,695 - 3,705 area.
If the price breaks through the green box with strong volume → confirms the completion of the Double Top pattern, it is likely to fall to the red box 3,630 - 3,640.
The short-term trend is leaning towards bearish (down) due to the appearance of a reversal pattern.
4. Trading suggestions
Sell when the price clearly breaks through 3,670 - 3,675.
Take profit around 3,630 - 3,640.
Stop loss above the nearest peak 3,705 to limit risk.
👉 Summary: This chart is leaning towards a bearish scenario. Neckline 3,670 - 3,675 is the key to confirm the Double Top pattern.
Gold Bulls Walking on Thin Ice1. Yesterday’s action
In yesterday’s analysis I said that although the chart looks bullish, Gold bulls should be very careful. After all, price had already climbed 4,000 pips in less than a month, and such complacency usually doesn’t end well.
During yesterday’s session, XAUUSD spiked above 3700, quickly reversed, and touched the newly formed support at 3675. From there, price attempted another push higher. Now we are once again back at support.
2. Key question
Will the 3670 zone hold, or are bulls about to lose control of the market?
3. Why caution is needed
• The chart is still bullish overall, but the structure is becoming increasingly concerning.
• If bulls lose the 3670 zone, I don’t expect a quick rebound from 3650.
• Instead, the market is more likely to continue lower, with at least a move toward 3620.
4. Trading plan
• From my perspective, buying here is very risky, even riskier than selling.
• I remain out of the market, waiting for a GOOD entry to sell.
• My target is a 700–1000 pip as usual, which I believe will come to the downside, not the upside.
5. Conclusion
Gold’s chart may still look bullish, but risk is shifting quickly. Chasing longs here could be dangerous — patience and discipline are key until the right sell opportunity appears 🚀
AUDUSD InsightHello to all subscribers.
Please share your personal opinions in the comments. Don’t forget to boost and subscribe.
Key Points
- José Luis Escrivá, Governor of the Bank of Spain, said regarding Eurozone inflation: “There is still a lot of uncertainty. The scenario we considered most likely is unfolding, but that does not mean unexpected situations will not arise,” signaling a hawkish view.
- Steven Myron, a member of the White House Council of Economic Advisers, has been appointed as a Federal Reserve Board Governor and will attend this FOMC meeting. The market is balancing concerns over the Fed’s independence with expectations of rate cuts.
- Markets are focused on whether the Fed’s dot plot will signal just two rate cuts this year or increase to three cuts.
Major Economic Events This Week
+ September 17: Eurozone August CPI, Bank of Canada rate decision, FOMC results
+ September 18: Bank of England rate decision
+ September 19: Bank of Japan rate decision
AUDUSD Chart Analysis
After breaking above the 0.66000 level, the pair climbed to 0.67000. While there was a possibility of a short-term pullback in this zone, the current trend suggests the uptrend is likely to continue. The most probable target for the next high is around the 0.69000 level.
NZDUSD: A Slow Pair, but a Clear Setup1. What happened before
Although NZDUSD has been a very slow mover lately, the pair remains highly technical. Looking back, the broader downtrend started in 2014, with the decline visible on the chart since 2021. The most recent leg down began exactly one year ago and ended in April at 0.55 – a level that coincided with both the pandemic low and the October 2022 bottom.
2. Key question
Has NZDUSD finally built a foundation for a bullish continuation, or will the market remain trapped in its slow range?
3. Why upside continuation looks possible
• The rebound from April low reached 0.61 resistance before pulling back.
• Importantly, the pullback stopped at 0.58, forming a higher low and aligning with an old support.
• The new rise that followed confirms strong demand at 0.58, suggesting momentum may continue to the upside.
4. Trading plan
• The pair is bullish above 0.58.
• First upside target: 0.61 resistance.
• Longer-term soft target: 0.64.
• Patience is required – NZDUSD is a slow pair, and such a move needs time to develop.
5. Conclusion
NZDUSD might not be the fastest market, but its technical precision makes it worth watching. Above 0.58, the bias stays bullish, with the market slowly but surely building a case for higher levels 🚀
Alibaba | BABA | Long at $108.84Like Amazon, I suspect AI and robotics will enhance Alibaba's NYSE:BABA e-commerce, logistics, and cloud computing operations. There is some risk here, like other Chinese stocks, that they could be delisted from the US market if trade/war tensions rise. But I just don't think that is likely (no matter the threats) due to the importance of worldwide trade and investment. I could be way wrong, though...
NYSE:BABA has a current P/E of 14.2x and a forward P/E of 2x, which indicates strong earnings growth ahead. The company is very healthy, with a debt-to-equity of 0.2x, Altmans Z Score of 3.3, and a Quick Ratio of 1.5. If this were a US stock, investors would have piled in long ago at the current price.
From a technical analysis perspective, the historical simple moving average (SMA) band has started to reverse trend (now upward), indicating a high potential for continued (overall) price movement up. It is possible, however, that the price may reenter the SMA band in the near-term - the $80s aren't out of the question - as tariff threats arise. But that area is another personal entry zone if fundamentals hold.
Thus, while it could be a bumpy ride and the risk is there for delisting, NYSE:BABA is in a personal buy zone at $108.84 (with known risk of drop to the $80s in the near-term).
Targets into 2028:
$125.00 (+14.8%)
$160.00 (+47.0%)
PTON Squeeze 2.0?Its Christmas Eve today, and Santa Powell is likely voting today to lower rates. By how much? Depends on the proportion of slurs / message in your favorite discord serve, but I'm leaning towards the standardized view of 0.25. If we get anything above, or below for that matter, expect to have your hair blown back.
That being said, PTON was an overpriced COVID darling running off of hot air fueled by everyone pretending an exercise bike with an iPad screen wasn't going to become a clothing rack. As of today, it has a short interest of 18%, price to sales of around 1, and a demolished market cap relative to 2020/2021.
I see PTON pushing out of this gutter and back to a $10B valuation with haste. They're working on profitability and the metrics i've mentioned look solid.
Listen, If i know anything right now its that we're about to see the most intense two quarters in recent memory. I do wish you well in this phase because it may very well be the end of the road for this bubble. But what do I know.
The trend after 3700 mark is more worth looking forward to!Gold has been hitting new highs recently. Yesterday, it broke through the previous high of 3674 in the US market and surged towards 3685. Despite a brief pullback in early trading, it surged back to 3698 in the European session and even broke through 3703 in the US market, maintaining a clear bullish trend. The current pullback is a normal technical correction and has little impact on the overall uptrend, but instead builds momentum for a subsequent surge. The key support level at 3670 is currently under consideration. This level has become a short-term dividing line between bulls and bears. A break below this level will clearly indicate a bullish advantage, but a potential decline should be viewed with caution. Above this, focus on the 3705 level. A break above this level could test the 3710-3720 area, and a strong breakout could open up further upside potential. Trading strategies should include a light short position near 3705 to capture profits on pullbacks, waiting for a pullback to the 3685-3675 area to stabilize before entering a long position. The bullish trend continues to target the 3700-3705 area. The overall strategy remains to prioritize buying on dips, with a secondary focus on selling on higher levels.
GBP/NZD (4H) – Bullish SetupPrice has broken out of the downtrend and is retesting the support zone. As long as the 2.2720 area holds, I expect a continuation to the upside.
Entry Zone: 2.2770 – 2.2800
Stop Loss: Below 2.2680
Targets: 2.2900 → 2.3000 → 2.3100
This setup is based on a breakout + retest structure and a bullish momentum shift.
USEQUITIES – Breakout Beyond 4,900.00The US equity markets (SPX500, US30, US2000, NAS100) pushed higher, breaking above the 4,900.00 resistance level. This breakout keeps bullish momentum intact, with potential to challenge the 5,050–5,100 zone if buying pressure continues.
Support: 4,900.00 🔽, 4,764.06, 4,544.96
Resistance: 5,050.00–5,100.00 zone 🔼
🔎 Bias:
🔼 Bullish: Holding above 4,900.00 confirms the breakout and supports further upside toward 5,050+.
🔽 Bearish: A close back below 4,900.00 could see price retest 4,764.06.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Reward to Risk Ratio is essential for anxiety free tradeSetup
The CCJ Weekly (W) chart is in strong uptrend. The price on (D) Daily chart comes into a DZ that happens to be the Higher Low of the (W) uptrend.
Sitting with my LNG order waiting to be filled at 69.75 provides a low risk entry of less than 2 risk, on the upside there is so much room for the price to go up (reward)
Odd Enhancers
Strong (W) uptrend
Price recently made a HH
Strong Index
Price over sold into DZ
Low risk entry
Take away
The most important step to a trade is the first step, taking the long or the short position without chasing, like a sniper sitting at the DZ, waiting for the order to be filled. Once order is filled the risk if am proven wrong is low, in this case it was about 1.59 the affect of this low risk psychologically on the trader is take the edge off being wrong.
The opportunity is right in front of you, don’t miss it!Yesterday, the technical analysis of gold showed a rapid downward retreat in the Asian session, breaking through the 3630 mark and stabilizing and rebounding. It fluctuated and consolidated around the 3630 mark in the European and US sessions, and finally ushered in a strong rise by bulls. The price of gold accelerated to break through and stand above the 3670 mark to set a new historical high. The gold bulls rose as expected, and there are still new highs above, so we are patiently waiting for gold to continue to rise. When it falls back, we will continue to look for opportunities to enter the market and go long. Yesterday, we responded flexibly around the key points, and made precise arrangements with two-way thinking to achieve a double kill of long and short, a steady harvest, and perfectly reach our goals. Today we continue to wait for further declines. After all, all indicators are bullish. Don’t guess the top if the bulls are strong. If the Federal Reserve’s interest rate decision is on Thursday, then the line around 3700 will also be within reach. At present, don’t blindly chase the longs above the 3680 line. If your current trading is not ideal, I hope I can help you avoid investment pitfalls. Welcome to communicate with us!
From the 4-hour analysis, the support below is around 3670-3360. If it pulls back to this position, the main bullish trend will remain unchanged. The short-term bullish strong dividing line is 3650. As long as the daily closing level does not fall below this position, any pullback is an opportunity to go long, and the main tone of participating in the trend will remain unchanged. I will provide you with the specific operation strategies at the bottom, please pay attention to them in time.
Gold operation strategy: Go long when gold falls back to around 3675-3360, target 3690-3695. If it breaks, look at the 3700 line.
In the game between bulls and bears, where will gold go?After a slight pullback yesterday, gold broke through the previous high of 3674 in the US session, reaching a high near 3685. After an intraday correction, it reached a new high in the European session, currently reaching 3699. Since the start of its strong rally, gold has gained nearly $386, almost continuously breaking new highs. Market expectations for bullishness have further intensified, and the current trend remains clearly bullish, with no signs of a significant bearish pullback. Short-term support is closely watched at 3675, a previous high and a short-term dividing line between bulls and bears. If it stabilizes above this level, bulls are expected to regain momentum. The European high and the 3700 mark will become key short-term resistance levels. If it breaks through and stabilizes at 3700, it is expected to continue to rise to test resistance in the 3710-3720 area.
In terms of operational thinking, if gold first rebounds to below 3700 and comes under pressure, you can try to short with a light position, with the target at 3685-3670 area; if it stays at 3700 for a long time, you need to adjust the short position in time, follow the trend and go long, waiting for a new round of upward opportunities.
USD/JPY: Bearish Pressure Builds Below Descending TrendlineUSD/JPY has turned lower from a lower high near the downward trendline and is now testing the 146.54 support zone. The broader structure reflects a period of extended consolidation, marked by repeated failures to break above the 148.75 resistance area.
If buyers fail to defend 146.50, the price may decline further toward the 145.85 support level. While a corrective bounce toward 147.20 remains possible, overall bearish momentum prevails as long as the pair remains below the descending trendline.
THE SLP is ready to get back in TOP 200 with +600%we have one of the high potential and old tokens which were dead and sleep for years now and i think the major Pump of this token will start Soon or at least it will cook another 4X on the chart.
Take care and watch carefully. The monster soon will show us the Targets and power.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
DOGEUSDT major daily support is 0.23$ and target 0.4$If our major daily support hold which is 0.23$ to 0.25$ then DOGE can pump more and heavy to the next targets which are mentioned on the chart.
else we may have more range and short-term dump for a while but market now is still extremely bullish and gain is expected like green arrows.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
XAU/USD: Bullish Momentum Holds Above Key Support at 3,670XAU/USD continues to maintain a bullish structure, having bounced from higher lows and broken above the 3,670 level, reinforcing upward momentum. Price is now consolidating just below the resistance zone, with the upward channel still defining the broader trend.
If buyers defend the 3,670 support, gold could look to extend toward the 3,715 resistance area, in line with current projected targets. The presence of a strong impulse leg and support from the rising trendline signal that bulls remain in control, unless this key level is broken.