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Gold rises on continued central bank buyingHello everyone, great to see you again! Gold prices have continued their upward momentum since last night, reaching as high as 3,403 USD, up 33 USD from the session’s low. At the time of writing, gold is undergoing a slight pullback but remains elevated around 3,385 USD. The primary driver behind today’s rally is news that the People’s Bank of China (PBoC) continued accumulating gold in July, marking the ninth consecutive month of purchases. Specifically, PBoC’s gold reserves increased by 60,000 ounces, bringing total holdings to 73.96 million ounces. Since November last year, China has purchased roughly 36 tonnes of gold in a move to diversify reserves and reduce reliance on the US dollar. This trend of central bank gold buying, particularly by China, has been one of the key factors pushing gold prices up by 30% year-to-date, even though the pace has slowed as prices remain high. With continued buying from central banks, gold is expected to maintain its upward trajectory, although a stronger US dollar could pose some headwinds.
OANDA:XAUUSDShort
by Kevinn_Nguyen
7
EUR/USD Holds Steady Ahead of US DataHello everyone, what are your thoughts on FX:EURUSD ? Today, the pair is trading in a narrow range around 1.1650 on Friday. While the US dollar is struggling to regain strength, a slight pullback in EUR/GBP following the Bank of England’s policy announcement has limited the upside for EUR/USD. The market now awaits upcoming US economic data. From a technical perspective, EUR/USD remains anchored above newly established support levels. If these levels hold, this pullback could be an excellent accumulation phase before a breakout move. What do you think? How will EUR/USD move by the end of the session and in the coming days?
Long
by Kevinn_Nguyen
Bitcoin Faces Pressure Below $114,000 – What’s Next?Hey crypto community, BINANCE:BTCUSDT continues to face pressure as the price slips below $114,000 during Thursday’s trading session. Although there was an attempt to break through the $116,000 resistance, buying power remains weak, mainly due to diminishing demand from institutional players. A clear indication of this trend is seen in the ongoing outflows from US-listed Bitcoin ETFs – on Tuesday alone, $196 million was withdrawn, extending the losing streak to four consecutive days. However, there’s a glimmer of hope from Asia: SBI Holdings in Japan has recently filed for approval of a dual-asset ETF that includes both BTC and XRP. This could be a sign of a fresh wave coming from the East. On the chart, if BTC fails to reclaim the $114k – $116k range soon, further downside potential remains. But keep in mind, deep corrections often provide an opportunity for large players to accumulate. 👉 What do you think about this correction? Will BTC hold its ground against selling pressure? Let me know your thoughts!
Short
by Kevinn_Nguyen
XAU/USD Short-Term Buy Opportunity ? XAU/USD has recently formed a bullish pattern, currently trading around 3,380 USD and showing an increase of more than 10 USD for the day. From a technical analysis perspective, the price is following an upward trendline and showing signs of momentum accumulation. The area around 3,350 USD provides strong support, which could establish a solid base for further upward movement. Key Levels: Resistance (Target 1): 3,396 USD Resistance (Target 2): 3,432 USD To consider a short-term buy, it’s important to monitor price action around the support levels and wait for confirmation t Good luck!
OANDA:XAUUSDLong
by Kevinn_Nguyen
9
EURUSD Short-Term Bullish Momentum - Buy ? Hello everyone, what do you think about EURUSD? Yesterday, we discussed the sideways movement of this pair, and now, it seems that EUR/USD is showing a short-term bullish trend. The price is currently moving around 1.165, as marked on the chart. In the short term, the market appears ready for further upward movement. With support at multiple levels (Support 1 and Support 2), and the possibility of forming a Support 3 to reach the target of 1.177, the overall outlook remains optimistic. Keep an eye on how the market reacts at these important levels! Don’t forget to like if you agree with my view! Good luck!
Long
by Kevinn_Nguyen
12
HFT - 100m gem primed for launch?I've been watching HFT for the last week. It's been getting solid bounces off the white descending support following a recent run. It faked out the support during the recent dip but was able to form a channel below and has now made the first new high on the 12h as the MACD turns positive. A test of the recent high at 0.163 would be a 100% move from here, but we could see a move much higher. If we zoom out to the 2D chart we can see we've just formed a bullish hammer (close enough to one I think?) Supporting a shortterm move to the upside, where we would meet the descending resistance of a humongous descending wedge which will be tested for a 4th time if we get to that level. If we get a proper altszn and a break of the resistance we could see this thing quickly to around $1, 12-15X. We can see bullish divergence in the 12h and 2d that may support that hypothesis. Of course, if is a volatile coin. Hard dumps cannot be ruled out. Hold on to your buts. DYOR
Long
by thebullmacabe
3
Tesla Breakout? For the majority of the calendar year TESLA has been in a range between $220 - $365 with a clear midpoint of $295. From March to the beginning of May TESLA bounced between range low and the midpoint until finally breaking through into the upper half of the range where it has stayed ever since. However, there is a clear diagonal resistance level that is preventing higher highs. So will TESLA breakout, or will it lose the midpoint? Structurally it is clear that the bulls have a set level they are happy to buy at (Midpoint) but the bears are getting more aggressive with their selling, hence the lower highs. This compression inevitably leads to an impulse move but the direction is not so clear. Bullish scenario: A clean breakout with volume that makes a new higher high, signaling a shift in structure. A pullback and retest of the breakout would be an ideal opportunity to go long and aim for that range high before expecting resistance. Bearish scenario: The lower highs keep printing until the midpoint is lost and price accepts below it, that would then signify to me the new trading range is between Range Low and Midpoint. The fakeout scenario is a risk but with price so close to the midpoint already it follows the same invalidation criteria as the bullish scenario, the midpoint is vital to both sides.
NASDAQ:TSLA
by ProR35
Gold Continues Strong Bullish Move Hello everyone, wishing you a great trading day! After a sharp decline from the recent highs, OANDA:XAUUSD quickly regained its strength and established a clear upward trend. The H4 chart shows the potential formation of a new upward trendline, with support positioned around the 3,350 USD zone. This recent recovery is not just a technical bounce – it's supported by strong fundamental factors: weakening US bond yields, rising expectations that the Fed will cut interest rates in September, and a market sentiment that’s leaning towards safe-haven assets. Currently, gold is trading around 3,380 USD and seems to be consolidating the momentum to approach the next resistance level at 3,433 USD. If the price holds above the new trendline and doesn’t break the marked support, the continuation of the upward trend is highly likely. Personal view: The bullish trend remains intact – just a breakout confirmation and the 3,433 USD target will be within reach. What do you think? Will gold continue its breakout this week? Leave your thoughts in the comments below!
OANDA:XAUUSDLong
by Kevinn_Nguyen
13
EURUSD – Which Way Will It Break?Hello everyone, what are your thoughts on the EURUSD trend? EURUSD is currently experiencing a Bollinger Bands squeeze, signaling a potential breakout in either direction. The price is trading near the lower limit, hovering around 1.157 , with two potential scenarios unfolding: Bullish scenario: The price could break upward toward 1.172, testing the upper resistance zone. Bearish scenario: If the price falls below the lower limit, it could head towards the sell target at 1.140. 💬 For me, I’m leaning toward FOMO (Fear of Missing Out) and following the sell trend with a target of 1.140. What about you? Let me know your thoughts in the comments below!
by Kevinn_Nguyen
9
Gold Poised to Rise on Looming Russia Sanctions!!Hey Traders, above is a breakdown of the current technical and fundamental setup for Gold, with a focus on key support zones and the macro landscape that could drive further upside. From a technical standpoint, the first major support area to watch is around 3,334, which previously acted as a strong resistance level. Now that price has broken above it, we could see this zone retested as a support — a classic breakout-retest scenario that may offer a potential bounce opportunity. The second key zone is located near 3,311, a historically significant support/resistance level. What makes this level even more critical is its confluence with the primary ascending trendline, reinforcing its importance as a structural support in case of a deeper retracement. On the fundamental side, gold continues to benefit from its role as a safe-haven asset, especially amid rising geopolitical and economic tensions. There are two major catalysts in play right now: Escalating trade tensions, particularly around new tariffs. Markets are pricing in a high baseline tariff risk of 15%, which adds a layer of uncertainty and supports defensive assets like gold. Mounting geopolitical pressure on Russia, with the U.S. expected to announce secondary sanctions this week. These could further disrupt global markets and drive demand for hard assets. In summary, gold is positioned well both technically and fundamentally. If price holds above the mentioned support zones, we could see renewed bullish momentum in the sessions ahead. Keep an eye on developments related to trade policy and sanctions, they could be key drivers of the next move.
OANDA:XAUUSDLong
by JoeChampion
21
Gold Set to Reach Historic HighsHello everyone, great to see you again! Gold has been on a strong upward trajectory, breaking previous bearish structures and showing solid growth momentum. Market sentiment is heavily supported by the weakening of global currencies, particularly the US dollar, and expectations surrounding the potential interest rate cuts by the Federal Reserve. Looking at the technical picture, we are approaching the historic peak of $3,433. The gold market is showing significant strength, confirmed by EMA 34 and EMA 89, as well as new support zones, signaling a trend reversal and confirming the bullish outlook. The next few trading sessions could play a critical role in confirming whether the precious metal can break the all-time highs. What do you think? Is gold about to make history? Let me know in the comments below!
OANDA:XAUUSDLong
by Kevinn_Nguyen
16
BTCUSD – Heading Towards Lower Support?Hello everyone, what are your thoughts on BTCUSD? BTCUSD is currently trading around 113,92, moving within a clear downward price channel. It seems like the price could continue to decline as the coin moves toward the lower boundary of the channel. If conditions remain favorable, I expect 110,000 to be tested in the short term. What do you think? Do you expect BTCUSD to keep heading lower, or will it bounce back? Let me know your thoughts below!
BITSTAMP:BTCUSDShort
by Kevinn_Nguyen
1
USDJPY Bullish Momentum Continues ? Hello traders, what do you think about USDJPY? As of now, USDJPY is showing a slight upward movement after the recent correction. The price is trading around 147.59, not changing much since the beginning of the session. The Japanese yen remains under pressure due to Japan’s slow recovery and ongoing economic challenges, giving USD an edge to capitalize on recent gains. From a technical standpoint, USDJPY is moving in an ascending wedge pattern. After testing the trendline support near 147, the pair could be headed toward the psychological target of 150, or even higher towards the upper trendline boundary in the coming days. Keep an eye on the price action near key resistance levels as the market continues to evaluate global economic factors, especially the upcoming US jobs data and Fed policy outlook. What’s your take on USDJPY? Do you expect this pair to rise further? Let me know in the comments below!
Long
by Kevinn_Nguyen
GBPUSD – Trendline Broken, More Downside Ahead?Hello traders! What’s your take on GBPUSD? The GBP/USD pair has broken below its long-term ascending trendline and is now trading beneath a key resistance zone. After a failed breakout at the newly formed trendline, price quickly reversed and dropped sharply. This resistance zone previously acted as a strong support level but has now been flipped to resistance. If price fails to reclaim this area during the next pullback, the bearish outlook will be further confirmed. 💬 Do you think GBPUSD will bounce from the 1.32 region, or will it continue falling toward the lower targets? Share your thoughts below!
Short
by Kevinn_Nguyen
4
EURUSD Faces Renewed Selling PressureHello, what are your thoughts on EURUSD? After failing to break above the 1.1600 level, the EUR/USD pair is now facing strong selling pressure again, currently testing the mid-1.1500s on Monday. Meanwhile, the US Dollar has seen a modest rebound across the board as investors digest Friday’s sharp drop following weaker-than-expected US jobs data. From a technical standpoint, this setup may lead EURUSD to even lower levels. The recent movement aligns well with our previous outlook and follows the Dow Theory principles. I'm expecting the price to continue its correction—what about you?
Short
by Kevinn_Nguyen
1
OKLO — when nuclear momentum breaks resistanceSince late 2024, OKLO had been consolidating inside a clear rectangle between $17 and $59. The breakout from this long-term range triggered a new bullish impulse. The price has since returned to retest the breakout zone, now aligned with the 0.618 Fibonacci retracement at $51.94. The retest has completed, and the price is bouncing upward, confirming buyer interest. Technically, the trend remains firmly bullish. The price closed above the prior range, EMAs are aligned below, and the volume spike during breakout supports genuine demand. The volume profile shows a clean path toward $100, indicating limited resistance ahead. The structure suggests a controlled rally rather than an exhausted move. Fundamentally, OKLO is a next-generation SMR (Small Modular Reactor) company focused on delivering compact, efficient nuclear power solutions. Following its public debut via SPAC and recent capital injection, OKLO is transitioning from development to implementation. Institutional interest is holding strong, and the broader move toward decarbonization and energy independence places the company in a strategic position. Target levels: — First target: $100 — psychological and technical resistance — Second target: $143 — projected from prior range breakout OKLO isn’t just another clean energy ticker — it’s a quiet disruptor with nuclear potential. The chart broke out. The volume confirmed. Now it’s time to see if the market follows through.
NYSE:OKLOLong
by TotoshkaTrades
2