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Wave Analysis

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
SUI - Oversold and Testing a Major Intersection Zone!🏹SUI has reached a critical technical intersection, where the lower boundary of the long-term channel meets the bottom of the descending red structure. Historically, this area has acted as a launchpad for reversals, with multiple reactions from the same channel base in the past. After weeks of heavy downside pressure, SUI now looks deeply oversold, both technically and structurally. The confluence between the horizontal support zone and the diagonal trendline adds strength to this level, making it a high-probability area for a short-term relief rally. 📈As long as the price holds above this support intersection , the next potential wave could target the upper red channel first, followed by the upper blue boundary near $4.5 if momentum continues to build. If this level breaks decisively, it would signal a structural shift — but for now, bulls still have a chance to step in from this confluence zone. 📊All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
Time is over. XAUUSDThey’ll tell you gold is going to $5,000 or $10,000, but the reality this week is different. The market was dominated by downward pressure on Friday, signaling that this bearish momentum could continue into next week. We may see a short retracement on Monday or Tuesday, followed by a potential drop toward $4,000. This could be an opportunity to rotate capital from gold into cryptocurrencies, potentially creating some psychological pressure on the metals sector. The “banana rally” has hit gold: nine consecutive weeks of gains historically precede corrections of 10–30% in the following weeks.
OANDA:XAUUSDShort
by SGsauragestion
2
USD/JPY Bullish Surge Alert: Dollar Poised to Crush Yen USDJPY is trading around 151.9-152.1, reflecting a modest pullback of about 0.2-0.3% from the previous close near 152.3. This follows a rebound from recent supports around 150.9-151.0, with the pair holding above key levels like 149.8-150.0 that could signal further upside. Key drivers include resilient US economic indicators, such as steady yields and small business optimism readings, which bolster the dollar. Meanwhile, the yen faces pressure from divergent monetary policies, with the Fed maintaining a hawkish stance compared to the BoJ's caution on rate hikes, alongside thin trading volumes due to Japan's holiday. Political developments in Japan, like potential opposition shifts impacting LDP stability, add to yen vulnerability. From a technical perspective: - **Support levels**: Near-term at 151.3-151.6, with stronger floors at 150.0-150.9. - **Resistance levels**: Immediate at 152.6-153.0, with potential extensions to 153.2-154.7 if breached. - Daily range so far: 151.6-152.6, aligning with consolidation patterns seen in recent sessions. Market sentiment leans toward an upward bias for the session, with analysts eyeing breaks above 152.7 as a catalyst for gains toward 154.0-156.1 in the near term, driven by dollar strength and risk-on flows. However, watch for intervention risks if the pair pushes too aggressively higher, as Japanese authorities remain vigilant around psychological thresholds. In summary, the direction today points to **bullish** (USD strengthening against JPY), with potential for modest gains if supports hold, though intraday volatility could persist amid limited catalysts.
by DCAChampion
1
AMD: Wave [iv] Low AMD shares have recently gained upward momentum as anticipated, confirming the low of wave in magenta. In light of this, we have added a new resistance level at $223.50 to the chart. The primary outlook is for the stock to continue completing the magenta five-wave sequence to the upside, thereby finishing the larger magenta wave (1). Afterward, wave (2) is expected to pull price back toward support at $164.53. Alternatively, AMD could see a direct sell-off, which would bring the alternative wave alt.(2) to an early conclusion. In this scenario, wave alt.(1) would already be complete, with a probability of 27%.
NASDAQ:AMDLong
by MarketIntel
#USDJPY: 1300+ Pips Swing Buy, Comment Your Views! Dear Traders, We hope you are trading successfully. The price has filled the liquidity gap and reversed positively with strong volume emerging. While the USD was extremely bearish, the DXY has begun to show bullish momentum which will directly affect the DXY and the future of the USDJPY. We have identified two potential targets. The first is a nearby target. If the DXY continues to remain bullish we may see the price reach this target soon. The second target is a swing entry. We wish you the best of luck and trade safely. Team Setupsfx
Long
by Setupsfx_
6
$STBL (4-HOUR): LONG set-up TRIGGERED, entry from $0.125...Ok so this AQUISUK:STBL LONG set-up has now been triggered at 12.5c. STOP loss and TPs in the quoted post, no changes. Bullish RSI hidden divergence so this reversal is getting more realistic. Nice volumes recently and these are needed to support the pivot. Targets between 17.5c and 21c, highly unlikely to not correct harder from this approximate zone. Game on, remember that CRYPTOCAP:BTC could only be doing a DEAD CAT move and fizzle out around $116k and $117k. 💙👽
Long
by ColdBloodedCharter