XAUUSD Weekly: ABC Pullback Into Fib Zone
Gold is still holding a strong recovery structure after the aggressive bullish move from the lower base. However, from Kelly’s view, the market is now trading near a short-term sell reaction zone, which means the next weekly move may not be a straight continuation higher.
The key idea is simple: gold may correct through an ABC structure first, then look for a new bullish reaction around the Fibonacci buy zone.
⟡ Market structure
The chart shows gold created a powerful upside move from the 4,000 area and reached the 4,430–4,450 region before slowing down. After such a strong move, the current reaction near 4,376 suggests buyers are no longer pushing with the same momentum.
Price is now sitting close to the Sell wave C zone around 4,380–4,400. This is an important area because if gold fails to break above it, sellers may create a corrective move lower.
The first support to watch is 4,317. If this level breaks, gold may continue the ABC correction towards the 4,220–4,240 area, where the chart marks the End wave ABC / Buy zone.
➤ Key levels
◌ 4,380–4,400: Sell wave C and short-term resistance zone
◌ 4,376: current price reaction area
◌ 4,317: key support and first bearish checkpoint
◌ 4,220–4,240: End wave ABC / Fibonacci buy zone
◌ 4,440–4,460: recent high resistance area
◌ Below 4,220: area where the bullish recovery setup weakens
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to have completed a strong bullish impulse from the lower structure. After that, the current movement may develop into an ABC correction.
Wave A may start from the current sell reaction area.
Wave B may create a short rebound around 4,317.
Wave C may continue lower towards 4,220–4,240, where the Fibonacci buy zone is located.
If wave C completes around this zone and buyers defend it, gold may prepare for another bullish recovery phase later in the week.
This means Kelly will not chase buy positions near the current high. The better setup is to wait for the correction to finish and watch the reaction around the Fibonacci support zone.
▸ Trading scenario
Preferred scenario: wait for gold to reject from the Sell wave C zone and correct lower into support.
Sell reaction zone: 4,380–4,400 if bearish confirmation appears
Stop loss: above the confirmed rejection high or above 4,420
Take profit 1: 4,317
Take profit 2: 4,220–4,240
Buy scenario after correction: wait for price to reach the End wave ABC / Buy zone and show bullish confirmation.
Buy zone: 4,220–4,240 if bullish confirmation appears
Stop loss: below the confirmed wave C low
Take profit 1: 4,317
Take profit 2: 4,380–4,400
Take profit 3: 4,440–4,460 if bullish momentum returns
Alternative scenario: if gold breaks above 4,400 and holds strongly, the ABC correction may be delayed. In that case, price may retest the recent high zone first before any deeper pullback appears.
⌁ Kelly’s view
For Kelly, the weekly structure is still bullish in the bigger picture, but the short-term setup is showing correction risk. Gold is near resistance after a strong rally, so patience is important.
The cleaner plan is to wait for the ABC pullback. If gold reaches 4,220–4,240 and buyers defend the zone, the next bullish recovery may become much stronger.
Gold may correct first.
If the Fibonacci buy zone holds, the next recovery wave can continue.
Share your view below.
Weeklymarketsanalysis
Ramco Cements: Multi-Year Ascending Triangle Near BreakoutRamco Cements is approaching a critical technical setup on the weekly timeframe. The stock has spent several years building a broad ascending triangle, with higher lows repeatedly testing a long-term horizontal resistance near ₹1,150–1,180.
This type of structure often precedes a strong directional move once resistance is decisively broken.
📊 Technical Highlights
✅ Multi-year Ascending Triangle formation
✅ Rising trendline respected since 2022
✅ Multiple rejections at the same resistance indicate a well-defined breakout level
✅ Recent pullback successfully defended higher support
✅ Buyers are gradually regaining control after a healthy correction
📍 Key Levels
Major Resistance: ₹1,150–1,180
Immediate Support: ₹900–930
Strong Demand Zone: ₹750–780
🎯 Bullish Scenario
A convincing weekly close above ₹1,180 with strong volume would confirm the breakout.
Potential upside:
🎯 Target 1: ₹1,300
🎯 Target 2: ₹1,400
🎯 Target 3: ₹1,475–1,500
⚠️ Risk
Until resistance is broken, the stock remains inside the consolidation range. A rejection from the resistance zone could lead to another retest of the ₹900 support area before the next attempt.
Technical Summary
Pattern: Ascending Triangle
Trend: Long-term Bullish Structure
Timeframe: Weekly
Confirmation: Weekly close above ₹1,180
Bias: Bullish above breakout
Disclaimer:
This analysis is for educational purposes only and is not investment advice. Always perform your own research and use proper risk management before taking any trade.
GOLD: Bullish Going Into This Week. But Is It A Buy?In this Weekly Market Forecast, we will analyze Gold for the week of Aug 10-14th.
Gold enters the week with a bullish bias after a strong rally pushed prices near $4,400/oz, though the potential for high volatility looms.
As bullish as it may have ended last week, it closed in a potentially resistant area.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GBPUSD: A Ranging Market... Leaning Bearish.Welcome back to the Weekly Forex Forecast for the week of Aug 10 - 14th.
In this video, we will analyze the following FX market: GBPUSD
The GBP/USD pair faces a mixed-to-bearish short-term outlook this week, trading around 1.3492. Not a great market to trade, by no means. It's moving sideways, but making lower highs.
Let the market prove its directional bias. Look for the +FVG to be disrespected, or a definitive move higher to sweep buy side liquidity.
I am only interested in selling this market, so I will wait patiently for it to show its hand.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
PG Electroplast: Weekly Trendline Breakout ,Is a Fresh Uptrend ?After several months of trading below a descending trendline, PG Electroplast has finally delivered a decisive breakout on the weekly timeframe.
📈 Technical Highlights:
✅ Breakout above the long-term descending trendline.
✅ Price reclaimed the ₹625–630 resistance zone.
✅ Weekly closing above the breakout level strengthens the bullish case.
✅ Higher lows indicate improving buying interest.
✅ Volume expansion supports the breakout.
🎯 Trading Plan:
Entry: Above ₹630 or on a successful retest of the breakout zone.
Support: ₹620–625
Invalidation: Weekly close below ₹595
Target Zone: ₹780–810
A sustained move above the breakout level could trigger the next leg of the uptrend, while failure to hold above support would invalidate the setup.
Always wait for confirmation and manage your risk before entering any trade.
Gold(XAUUSD) Outlook for the upcoming week!Gold closed with -0.19% in weekly timeframe, when we compare it with past weeks declines, it shows the slowing down of the momentum, as per the structure of the price, formation of strong Support at the level of 4020, from where price had faced multiple bounce-backs in the past & a long consolidation since 24th June, this has raised the confidence in the buyers to think for the moves in the bullish direction.
4166 seems like an important level above which if price gives a breakout then it would be fair to expect a short term rally in the bullish direction which may retest the level of 4360-4370.
4120 is an immediate hurdle, once crossed consider the breakout of 4166 inevitable, however fresh entries are recommended after the confirmation of the breakouts.
Expected to see some bullish to sideways biasness in the upcoming week, till 3995 is intact.
Important Levels:
S1: 4020
S2: 3995
S3: 3940
R1: 4120
R2: 4166
R3: 3560
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
BTC WEEKLY ANALYSISMY VIEW ON BTC IS BULLISH
AS IT HAS CORRECTED ALREADY 55-60%
WE ARE IN DISCOUNTED ZONE ON HTF
SEVERAL CONFLUENCES
FVG AND IFVG OB AND IRL BSL
IF BTC HOLDS ABOVE 55K I AM BULLISH
# **BTCUSDT | Weekly Higher-Timeframe Demand + PWL Liquidity Sweep | Macro Accumulation Setup**
Bitcoin has corrected sharply from its all-time high, completing a deep retracement into a major **weekly demand zone**. The recent decline has swept **Previous Weekly Low (PWL) liquidity**, while price is now reacting from a higher-timeframe bullish Order Block that aligns with historical demand.
From a Smart Money perspective, the current location represents a potential accumulation phase rather than a trend continuation lower. Although the macro structure remains corrective, the confluence of demand, liquidity, and discount pricing creates a compelling long-term opportunity.
---
## Market Structure
* Price has completed a significant correction from the all-time high into a major weekly demand zone.
* A **Previous Weekly Low (PWL)** liquidity sweep has removed downside liquidity, often a precursor to institutional accumulation.
* Price is currently trading inside a higher-timeframe **bullish Order Block**, where buyers previously initiated a strong expansion.
* A higher-timeframe **SMT divergence** adds additional confluence, suggesting weakening bearish momentum.
* Multiple **Inverse Fair Value Gaps (IFVGs)** and bearish Order Blocks remain overhead, providing clear upside liquidity objectives.
---
## Bullish Scenario
If the weekly demand zone continues to hold and bullish market structure develops, the expected roadmap becomes:
**Weekly Demand → Weekly Order Block → IRL Buy-Side Liquidity (~83K) → Higher-Timeframe FVG (~97K) → Psychological Level ($100K) → Bearish Order Block (~116K) → All-Time High**
A successful reclaim of the higher-timeframe Fair Value Gap would significantly strengthen the probability of a continuation toward the previous cycle highs.
---
## Alternative Scenario
If buyers fail to defend the current demand zone, Bitcoin could revisit lower liquidity before a sustainable reversal develops. As long as the weekly Order Block remains intact, however, the current area continues to favor long-term accumulation over aggressive selling.
---
## Smart Money Perspective
**✓ Previous Weekly Low (PWL) Liquidity Sweep**
**✓ Weekly Bullish Order Block**
**✓ Higher-Timeframe Demand**
**✓ SMT Divergence**
**✓ Multiple Overhead Fair Value Gaps**
**✓ Internal & External Buy-Side Liquidity Acting as Price Magnets**
The current structure reflects a classic Smart Money sequence:
**Liquidity Sweep → Institutional Demand → Accumulation → Expansion Toward Buy-Side Liquidity**
Confirmation through bullish market structure shifts on lower timeframes would further strengthen the long thesis.
---
## Trade Management
* Avoid chasing impulsive bullish candles.
* Allow price to establish higher lows within the weekly demand.
* Watch for bullish displacement and market structure shifts before increasing exposure.
* Consider scaling out as price reaches each major liquidity objective while leaving a portion of the position for higher-timeframe targets.
---
## Key Technical Levels
**Support**
* Weekly Bullish Order Block
* Weekly Demand Zone
* Previous Weekly Low Liquidity
**Resistance**
* IRL Buy-Side Liquidity (~83K)
* Weekly Fair Value Gap (~97K)
* Psychological Resistance ($100K)
* Higher-Timeframe Bearish Order Block (~116K)
* All-Time High
---
## Conclusion
Bitcoin is trading from one of the most significant higher-timeframe demand regions since the previous bull market. The combination of a **PWL liquidity sweep**, **weekly bullish Order Block**, **SMT divergence**, and **multiple overhead liquidity targets** creates an attractive asymmetric setup for long-term participants.
Patience remains the edge. Let institutional accumulation reveal itself through bullish confirmation before committing aggressively.
> **"Major reversals often begin where liquidity has been cleared and higher-timeframe demand quietly absorbs supply."**
*This analysis reflects my personal interpretation of price action and Smart Money concepts. It is intended for educational purposes only and should not be considered financial or investment advice. Always perform your own analysis and practice disciplined risk management.*
The oil entry is clean. The calendar says wait.Oil is sitting on a weekly imbalance three days before a new month opens. The timing matters more than the level.
Price sold off from March into a deep discount and stalled inside a Weekly FVG — a gap price left behind and has now returned to. It is holding. Above, the March highs are still untouched: external range liquidity near 11,897, the logical draw if this low survives.
The thesis
Structure suggests buyers are defending the gap. But the calendar is louder than the chart right now. Three sessions left in July, and a new month often brings the sweep and the expansion together — take the low, trap the sellers, then run. Entering here means holding through that sweep instead of buying after it.
So the setup is respected, not taken. Higher timeframe confirmation after the monthly open changes that. Until then it stays a watch.
Invalidation
A weekly close below 7,144 — not a wick, a close. That means the gap failed as support rather than being swept and reclaimed.
Time horizon
Weekly chart. Weeks.
Does the monthly open usually give you the better fill, or do you just watch the move leave without you?
Idea-sharing only, not financial advice.
Gold(XAUUSD) Outlook for the upcoming weekIn current week Gold went through a roller coaster ride where after the breakout form a major bearish trendline at 4030, it retested the level 4166 and again returned back the 4022, structurally gold seems to be moving within a ascending channel, currently taking support of lower boundary, bounce is expected following to which price might retest the significant resistance zone.
However breaking of the channel below the level of 4022 can lead for deeper corrections as trend on the higher timeframe remain bearish.
If you look at the overall structure it might seem like gold forming a double bottom (a bullish reversal pattern), whose neckline is at 4200 on higher timeframes.
support & resistance levels are:
S1: 4022
S2: 3960
S3: 3900
R1: 4082
R2: 4166
R3: 4200
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
GBPUSD: Moving Sideways To Bearish Against US Dollar StrengthWelcome back to the Weekly Forex Forecast for the week of July 20-24th.
In this video, we will analyze the following FX market: GBPUSD
With FOMC looming in less than 2 weeks, GBPUSD is expected to continue to move neutral to slightly bearish. Experts are expecting the exchange rate to hover near the $1.3400 to $1.3450 range. Broader U.S. Dollar strength and geopolitical tensions are expected to cap major upward rallies.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GOLD: Still Trending Lower! Is It At The Bottom Yet?In this Weekly Market Forecast, we will analyze Gold for the week of July 20-24th.
Gold is widely expected to lean bearish this coming week, as prices struggle to hold the critical $4,000 per ounce floor. Downward pressure is being driven by a stronger US dollar and expectations of a hawkish Federal Reserve, even though easing US inflation numbers recently tried to provide some support.
These same price levels are in Premium of the range. So, I am on the look out for the sell model to form on the highlighted fib levels.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
PYPL- PostCapitulation Base + Live $53B Buyout+ Burry + Congress
NASDAQ:PYPL is sitting at the intersection of a completed technical base, a live acquisition bid, and disclosed buying from some of the sharpest names in the market. Worth breaking down.
━━ THE CHART ━━
Monthly: PYPL round-tripped from its $310 ATH (2021) down toward $38. Everything from the top into early 2026 was bear-market grind — the slow bleed that precedes a real capitulation, not a base.
The actual base started in February 2026, when the stock flushed to $38-40 on a CEO change and a weak earnings print. That's the capitulation candle. Since then, price has repeatedly defended the $40 zone and built real structure.
Watching for a pullback into the $48-50 zone for an entry, with a stop below the swing low.
━━ THE ACQUISITION STORY ━━
Stripe + Advent International submitted a joint offer on July 15: $60.50/share, ~$53B deal, backed by $50B in committed financing. Stock jumped 16-17% on the news.
▸ PayPal's board reportedly views the bid as inadequate
▸ Prediction markets on deal completion: jumped from ~10% to 77% within days
▸ Independent activist-target speculation (Gordon Haskett) predates the bid itself
━━ WHO WAS ALREADY POSITIONED ━━
Michael Burry (Scion Asset Management) opened a ~3.5% position in April 2026 near $49, adding through Q1 — directly into the post-capitulation base. His publicly stated thesis at the time: PayPal was priced cheap enough (7-8x earnings) to attract "both PE firms and strategic acquirers." That's exactly what materialized three months later.
Post-bid, Burry has stated $60.50 is too low and he isn't selling.
Separately, disclosed congressional trading shows a member of the House Financial Services Committee building a position in the same March 2026 window, in the same $38-45 price band Burry was buying.
When a value investor with a documented pre-bid thesis and a lawmaker on the relevant committee are both accumulating in the same window, ahead of the same catalyst, it's a confluence worth noting.
━━ THE FUNDAMENTALS ━━
This isn't purely a deal-speculation trade. The underlying business supports the valuation independent of any acquisition:
▸ TTM P/E: ~8-10x vs PYPL's own 5-year average of ~27x
▸ Forward P/E: ~7.8-8.9x
▸ Revenue (TTM): $33.7B | Net income: $5.06B | FCF: $5.5B
▸ ROE: 25% | ROIC: 23%
▸ Next earnings: July 28
A business generating that level of free cash flow, trading at a third of its historical multiple, doesn't need a takeover to be interesting
━━ THE SETUP ━━
Completed capitulation + base + live bid + fundamental discount + informed buying in the same window. Multiple independent threads pointing the same direction.
Looking to enter around 48-50, with a long term positional mentality on this trade
━━
Educational content. Not financial advice. Investing carries risk of loss. Past performance does not guarantee future results.
Union Bank of India: Multi-Year Cup Breakout ?Union Bank has completed a multi-year Cup formation on the weekly timeframe by reclaiming its long-term resistance around ₹165–170.
Following the breakout, the stock witnessed a strong impulsive move before entering a controlled pullback. Rather than viewing this as weakness, the current structure appears to resemble a throwback to the breakout zone, a behavior often seen in strong trending stocks.
Technical Observations
1. Multi-Year Cup Formation
Large rounded base formed over several years.
Resistance around ₹165–170 has now been reclaimed.
This confirms a significant long-term change in market structure.
2. Breakout Confirmation
The breakout was accompanied by strong momentum, suggesting genuine buying interest rather than a temporary price spike.
3. Throwback in Progress
Instead of extending vertically, price has retraced toward the breakout area.
As long as this region continues to act as support, the primary bullish structure remains intact.
Key Levels
Support
₹156–160 (Major)
₹165–170 (Breakout Zone)
Resistance
₹176–178
₹190–200
Projected Technical Target
₹220–225 (Measured move from the Cup formation)
What Would Strengthen the Bullish View?
✅ Weekly close above ₹176–178
✅ Increasing buying volume
✅ Breakout above the current descending trendline
Disclaimer: This analysis is shared for educational purposes only and should not be considered investment advice. Please conduct your own research and manage risk appropriately before taking any trading or investing decisions.
USDCHF: Buying Opportunities On US Dollar StrengthWelcome back to the Weekly Forex Forecast for the week of July 13-17th.
In this video, we will analyze the following FX market: USDCHF
The USD/CHF pair is currently facing a neutral-bearish short-term bias as it trades around the 0.8050 - 0.8080 level, following a rejection at the 0.8100 resistance. The longer-term trend still shows underlying recovery, but immediate momentum remains capped until a decisive breakout occurs.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GBPUSD: Struggling To Make Gains Vs A Stronger US DollarWelcome back to the Weekly Forex Forecast for the week of July 13-17th.
In this video, we will analyze the following FX market: GBPUSD
The GBP/USD is struggling to trade higher against a stronger US Dollar. It has been trading neutral-bearish for months, making LLs and HLs. A breakout looms, and it is likely to be a bearish one with the USD fighting sticky inflation numbers.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD: Leaning Bearish Against A Resilient US Dollar.Welcome back to the Weekly Forex Forecast for the week of July 13 - 17th.
In this video, we will analyze the following FX market: EURUSD
EUR/USD is expected to hold a modestly bearish to neutral bias this coming week, trading heavily around the 1.1400 support level. The US Dollar's ongoing resilience—driven by inflation concerns and geopolitical tensions—continues to cap the Euro's upward momentum, though major selling is awaiting fresh macroeconomic catalysts.
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
XAUUSD: Weekly Breakout May Extend Towards Fibonacci Targets
Gold is showing a stronger recovery structure after breaking away from the previous bearish pressure. From Kelly’s view, the market is no longer moving only as a weak correction. Price is now trying to build a continuation structure after breaking the descending trendline, and the next weekly path may open towards higher Fibonacci targets if buyers keep control.
The key idea is simple: gold has shifted into a more constructive recovery phase, but confirmation above nearby resistance is still important.
⟡ Market structure
The chart shows gold formed a strong base around the lower area, then pushed higher and broke through the descending trendline that had been limiting the recovery. This is an important technical change because it shows sellers are no longer controlling the structure as cleanly as before.
Price is currently trading around 4,120, just below the nearest resistance zone around 4,130–4,140. If gold can break and hold above this area, the recovery may continue towards the next wave target near 4,160–4,170.
Above that, the larger weekly upside target sits around 4,235–4,245, where the Fibonacci 2.618 target is marked on the chart.
➤ Key levels
◌ 4,100–4,120: current reaction and short-term support area
◌ 4,130–4,140: nearest resistance and breakout confirmation zone
◌ 4,160–4,170: wave 5 continuation zone
◌ 4,201: previous high and key upside checkpoint
◌ 4,235–4,245: Fibonacci 2.618 target area
◌ Below 4,080: area where the bullish weekly setup starts to weaken
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be forming a new bullish wave structure after completing the previous corrective phase.
The first recovery wave has already developed from the lower zone. The recent pullback may have formed wave 2, and price is now trying to continue into wave 3 after breaking the trendline.
If buyers can keep price above the broken trendline and reclaim the 4,130–4,140 resistance area, the next move may push towards 4,160–4,170 first. After a small correction, wave 5 could aim for the upper Fibonacci target around 4,235–4,245.
▸ Trading scenario
Preferred scenario: wait for gold to hold above the broken trendline and confirm continuation above resistance.
Entry zone: 4,100–4,120 if bullish confirmation appears
Breakout entry: above 4,130–4,140 with strong acceptance
Stop loss: below the confirmed higher low or below 4,080
Take profit 1: 4,160–4,170
Take profit 2: 4,201
Take profit 3: 4,235–4,245
Alternative scenario: if gold fails to hold above the broken trendline and drops below 4,080, the bullish Elliott structure weakens. In that case, price may return to a deeper support zone before building a cleaner recovery base.
⌁ Kelly’s view
For Kelly, this is a weekly bullish continuation setup after a trendline breakout. The structure is improving, but the market still needs to hold above support and confirm through the nearest resistance.
Gold is no longer showing the same clean bearish pressure as before. If buyers defend the broken trendline, the next weekly move may continue towards the Fibonacci targets above.
Gold is building a stronger recovery structure.
Above 4,130–4,140, the path towards 4,160 and 4,235 becomes much more attractive.
Share your view below.
BTCUSD Outlook: Bullish Recovery or Deeper Correction?Bitcoin is currently trading at a key technical level where both buyers and sellers are likely to become active. The weekly structure suggests that price could first sweep liquidity below support before reversing higher, or begin a recovery directly from the current zone.
The $118,000–$122,000 resistance area remains the primary upside target. A strong bullish reaction from current levels could lead to a retest of this zone. However, if support fails, Bitcoin may extend its correction toward the $28,000–$32,000 demand area before the next major bullish move.
Key Levels
* 🟠 Resistance: $118,000–$122,000
* 🟢 Support: $28,000–$32,000
* 📊 Bias: Neutral until confirmation
* 🎯 Watch for liquidity sweeps and market structure confirmation.
⚠️ Not Financial Advice. This analysis is for educational purposes only. Always trade with proper risk management.
XAUUSD — Recovery First, Bearish Rejection Later
Fundamental Analysis
Gold remains sensitive to USD momentum, Treasury yields, and upcoming U.S. macro data. For next week, price may create a technical recovery first, but the larger structure still shows bearish pressure while gold stays below the main descending trendline.
Technical Analysis
On the 12H chart, XAUUSD is trading around 4,120 after holding above short-term support. The first upside area to watch is 4,204, which acts as strong resistance. If price continues higher, the major sell zone is around 4,300 - 4,310, where Fibonacci resistance, previous structure, and the descending trendline align. A rejection from this area could send gold back toward 3,942, then the deeper Fibonacci target near 3,754.
Important Key Levels
Current price: 4,120
Short-term resistance: 4,204
Main sell zone: 4,300 - 4,310
Strong support: 3,942
Main Fibonacci target: 3,754 - 3,751
Invalidation: above 4,310
Trading Scenario
Main Sell Setup
Entry: 4,300 - 4,310
Stop Loss: 4,360
Take Profit 1: 4,204
Take Profit 2: 3,942
Take Profit 3: 3,754 - 3,751
Sell Condition
Wait for gold to recover toward the 4,300 - 4,310 Fibonacci sell zone. A valid sell setup needs bearish rejection from this area, such as a long upper wick, failed breakout, or bearish candle close below the zone. If price rejects and breaks back below 4,204, the bearish continuation view becomes stronger. If price breaks and holds above 4,310, the sell setup is invalid.
Overall View
The main plan for next week is not to sell too early at the current price. Gold may rise first toward 4,204 or even 4,300 - 4,310 before sellers return. As long as price stays below the descending trendline and rejects the Fibonacci sell zone, the larger downside target remains 3,942 and 3,754.
Do you share the same view that gold may recover first before the next bearish move?
EURUSD Weekly: External Liquidity Cleared, Internal Draw Next?After sweeping the Weekly Sell-Side Liquidity (SSL), EURUSD has completed an important external liquidity objective.
With that liquidity now cleared, my focus shifts toward the internal liquidity resting above price. The nearest objective is the weekly bearish Fair Value Gap, which I expect to act as the next draw on price before the broader bearish trend resumes.
My plan is straightforward:
Weekly SSL has already been taken.
Price is now likely to rebalance toward the bearish Weekly FVG.
If the market delivers bearish confirmation from that premium area, I'll begin looking for continuation sells.
The next major objective would be the newly formed Weekly SSL below the recent lows.
This keeps the higher-timeframe narrative intact. Rather than chasing price, I'll wait for the market to retrace into value before looking for high-probability short opportunities.
Weekly Plan
• External Liquidity ✓ Cleared
• Expected Draw: Weekly Bearish FVG
• Looking for: Bearish confirmation
• Main Target: Weekly SSL
GBPUSD: Struggling Against A Resilient US DollarWelcome back to the Weekly Forex Forecast for the week of July 6-10th.
In this video, we will analyze the following FX market: GBPUSD
Market sentiment for the GBP/USD pair leans bearish as the new trading week begins, with the spot price hovering around $1.3390. Technical readings show the pair struggling against overhead resistance and falling trendlines, keeping the broader momentum tilted downward.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
US Dollar: Soft End to Last Week. Recovery This Week?Welcome back to the Weekly Forex Forecast for the week of July 6-10th
In this video, we will analyze the following FX market: USD Dollar
The US Dollar is poised for a potentially bearish start in the upcoming trading week as recent softer-than-expected Non-Farm Payrolls (NFP) data trimmed expectations for near-term Federal Reserve rate hikes.
However, price is currently trading in a Weekly +FVG, with another just below it. Price could find support in these zones for a mid-week or end of week bullish turn.
Overall, bearish for the near term, but there is support for higher prices just below the current price action. I still have a bullish outlook on the bigger picture.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
MASON XAUUSD – Gold Tests Trendline And Ichimoku Value Area
XAUUSD is trading around 4,175 after a strong recovery from the recent support zone. However, the bullish structure has not been fully confirmed yet because price is now testing the descending trendline and the Ichimoku value area.
For next week, the priority view is to watch for sell confirmation around the trendline resistance zone, especially if gold fails to break and hold above 4,187–4,198.
Technical View
Gold has recovered strongly from the 3,960 support area, but the current move is still approaching a major decision zone. Price is now testing the descending trendline that has been controlling the broader bearish structure.
The zone around 4,187–4,198 is important because it is marked as a sell order area and sits close to the trendline resistance. If price reacts bearishly here, this area may become the next lower high before another downside move.
Ichimoku also shows that gold is not fully bullish yet. Price is around the Ichimoku value area, where the market often slows down before choosing direction. A clean bullish confirmation needs price to break above this area and hold above the trendline. Without that confirmation, the recovery should still be treated as a corrective move.
The 4,260–4,290 Sell FVG is the higher resistance zone. If gold breaks above 4,198 and continues higher, this FVG may become the next area where sellers watch for reaction.
The downside structure remains valid if price rejects from the current trendline zone. The first reaction zone is around 4,059, followed by the strong support area near 3,960–3,980. If this support breaks, the weekly bearish targets are 3,900–3,920 and 3,740–3,760.
Key Zones
Current price: 4,175
Sell order zone: 4,187–4,198
Trendline resistance: around 4,180–4,200
Price reaction zone: 4,059
Strong support: 3,960–3,980
Target 1: 3,900–3,920
Target 2: 3,740–3,760
Sell FVG: 4,260–4,290
Major resistance: 4,382
Invalidation: above 4,290
Trading Plan
Sell Priority: 4,187–4,198
Condition: wait for bearish rejection, failed breakout above the trendline, or price closing back below the Ichimoku value area.
SL: above 4,290
TP1: 4,059
TP2: 3,960–3,980
TP3: 3,900–3,920
Final target: 3,740–3,760
Alternative Scenario
If gold breaks above 4,198 and holds, the sell setup should not be rushed. In that case, wait for price to move toward the 4,260–4,290 Sell FVG and watch for a new bearish reaction there.
Buy View
Buy is not the priority while price is still below the major resistance and testing the descending trendline. A bullish view becomes cleaner only if gold breaks above 4,290 and holds above the Sell FVG.
Final View
Overall, gold has recovered strongly, but the weekly bullish confirmation is still not clear. The key area for next week is 4,187–4,198. If gold rejects from the trendline and Ichimoku value area, the market may rotate lower toward 4,059, 3,960, and the deeper Fibonacci target zones.
Will gold confirm a breakout above the trendline, or reject from the Ichimoku value area and start a new bearish leg?






















