GOLD (XAUUSD): Move Up Ahead?!
Friday's fundamentals made Gold very bullish during the New York session.
The price formed a high momentum bullish candle on a daily,
breaking a minor daily resistance area.
It gives us a confirmed Change of Character CHoCH and indicates
a highly probable bullish continuation next week.
I think that the price will reach 3400 level.
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Candlestick Analysis
Narayana Hrudayalaya can turnaround from trendline. Narayana Hrudayalaya Ltd. engages in the provision of medical and health care services. It also provides services in the areas of cardiac surgery, cardiology, diabetes and endocrinology, gastroenterology, general surgery, neurosciences, facial surgery, nephrology, obstetrics and gynecology, orthopedics, oncology, pediatrics, transplant, urology, and vascular surgery; and other specialty services, such as dental, dermatology, emergency medicine, ears, nose, and throat, family medicine, general medicine, and genetic.
NH Closing price is 1945.50. The positive aspects of the company are Companies with Zero Promoter Pledge, Company able to generate Net Cash - Improving Net Cash Flow for last 2 years and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are high Valuation (P.E. = 50.6), Stocks Underperforming their Industry Price Change in the Quarter, Increasing Trend in Non-Core Income, PEG greater than Industry PEG and MFs decreased their shareholding last quarter
Entry can be taken after closing above 1950 Historical Resistance in the stock will be 2015, 2063 and 2098. PEAK Historic Resistance in the stock will be 2148, 2195 and 2269. Stop loss in the stock should be maintained at Closing below 1863 or 1648 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Ultratech can bounce back from Motherline support. UltraTech Cement Ltd. is a holding company, which engages in the provision of manufacture and sale of cement and cement related products.
UltraTech Cement Ltd. Closing price is 12113. The positive aspects of the company are Companies with Zero Promoter Pledge, Companies with Low Debt, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are high Valuation (P.E. = 51), Stocks Underperforming their Industry Price Change in the Quarter, RSI indicating price weakness, Increasing Trend in Non-Core Income and Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 12136 Historical Resistance in the stock will be 12324 and 12531. PEAK Historic Resistance in the stock will be 12725 and 13023. Stop loss in the stock should be maintained at Closing below 11798 or 11492 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Mastering bullish candlestick patterns - How to use it!In this guide, we will explore some of the most important bullish candlestick patterns used in technical analysis. These patterns are essential tools for traders and investors who want to better understand market sentiment and identify potential reversal points where prices may start moving upward.
What will be explained:
- What are bullish candlestick patterns?
- What is the hammer?
- What is the inverted hammer?
- What is the dragonfly doji?
- What is the bullish engulfing?
- What is the morning star?
- What is the three white soldiers?
- How to use bullish candlestick patterns in trading?
What are bullish candlestick patterns?
Bullish candlestick patterns are specific formations on a candlestick chart that signal a potential reversal from a downtrend to an uptrend. These patterns are used by traders and investors to identify moments when the market sentiment may be shifting from bearish to bullish. Recognizing these patterns can help traders time their entries and make more informed decisions based on price action and market psychology. While no single pattern guarantees success, they can provide valuable clues when combined with other forms of analysis such as support and resistance, trendlines, and volume.
What is the Hammer?
The Hammer is a single-candle bullish reversal pattern that typically appears at the bottom of a downtrend. It has a small real body located at the upper end of the trading range, with a long lower shadow and little to no upper shadow. The long lower wick indicates that sellers drove the price lower during the session, but buyers stepped in strongly and pushed the price back up near the opening level by the close. This shift in momentum suggests that the downtrend could be coming to an end, and a bullish move might follow.
What is the Inverted Hammer?
The Inverted Hammer is another single-candle bullish pattern that also appears after a downtrend. It has a small body near the lower end of the candle, a long upper shadow, and little to no lower shadow. This pattern shows that buyers attempted to push the price higher, but sellers managed to bring it back down before the close. Despite the failure to hold higher levels, the buying pressure indicates a possible reversal in momentum. Traders usually look for confirmation in the next candle, such as a strong bullish candle, before acting on the signal.
What is the Dragonfly Doji?
The Dragonfly Doji is a special type of candlestick that often indicates a potential bullish reversal when it appears at the bottom of a downtrend. It forms when the open, high, and close prices are all roughly the same, and there is a long lower shadow. This pattern shows that sellers dominated early in the session, pushing prices significantly lower, but buyers regained control and drove the price back up by the end of the session. The strong recovery within a single period suggests that the selling pressure may be exhausted and a bullish reversal could be imminent.
What is the Bullish Engulfing?
The Bullish Engulfing pattern consists of two candles and is a strong indication of a reversal. The first candle is bearish, and the second is a larger bullish candle that completely engulfs the body of the first one. This pattern appears after a downtrend and reflects a shift in control from sellers to buyers. The bullish candle’s large body shows strong buying interest that overpowers the previous session’s selling. A Bullish Engulfing pattern is even more significant if it occurs near a key support level, and it often signals the beginning of a potential upward move.
What is the Morning Star?
The Morning Star is a three-candle bullish reversal pattern that occurs after a downtrend. The first candle is a long bearish one, followed by a small-bodied candle (which can be bullish, bearish, or a doji), indicating indecision in the market. The third candle is a strong bullish candle that closes well into the body of the first candle. This formation shows a transition from selling pressure to buying interest. The Morning Star is a reliable signal of a shift in momentum, especially when confirmed by high volume or a breakout from a resistance level.
What is the Three White Soldiers?
The Three White Soldiers pattern is a powerful bullish reversal signal made up of three consecutive long-bodied bullish candles. Each candle opens within the previous candle’s real body and closes near or at its high, showing consistent buying pressure. This pattern often appears after a prolonged downtrend or a period of consolidation and reflects strong and sustained buying interest. The Three White Soldiers suggest that buyers are firmly in control, and the market may continue moving upward in the near term.
How to use bullish candlestick patterns in trading?
To effectively use bullish candlestick patterns in trading, it’s important not to rely on them in isolation. While these patterns can signal potential reversals, they work best when combined with other technical tools such as support and resistance levels, moving averages, trendlines, and volume analysis. Traders should also wait for confirmation after the pattern forms, such as a strong follow-through candle or a break above a resistance level, before entering a trade. Risk management is crucial—always use stop-loss orders to protect against false signals, and consider the broader market trend to increase the probability of success. By integrating candlestick analysis into a comprehensive trading strategy, traders can improve their timing and increase their chances of making profitable decisions.
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SILVER (XAGUSD): More Growth Ahead
It looks like Silver is going to continue growing next week,
following a strong bullish reaction to a key daily horizontal support.
The next strong resistance is 3748.
It will be the next goal for the buyers.
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ETH Critical Next Few Days.Hello I am the Cafe Trader.
Today we are taking a close look at Ethereum.
After the Tariff news and the Jobs report, The market as a whole seems very bearish suddenly to many. Even though we do have aggressive sellers in the short term, The market is still bullish in the mid to long term. Let's take a look.
Sentiment has changed
A major catalyst (like the Tariffs news) can cause a change of terrain. Buyers may become more bashful, taking their foot off the gas (where the put it before). Reactions to kry levels (like "top of demand") will give us clues into how strong are they still.
Short Term
ETH had a huge rally, Whats does a healthy rally need for a continuation?
Consolidation
This brings us to the charts
Top of demand gives us evidence of how convicted these current buyers still are in a market. A hot reaction = Aggressive Demand. Cold Reaction = Hesitant or lack of Demand.
Todays close was a touch cold, but considering the recent bearish news and data, not terrible. Buyers are still active in this area, but since the terrain might have changed, I have given you two scenarios.
Green Scenario
For this to play out, we need to see buyers step in immediately. The longer ETH stays in this demand, the heavier they will become (and it's a long way down)
Wait for a second test minimum. Best to get a hot reaction. If it presses into the demand zone, Cut it early. (always good to wait for a close)
Entry 3,518
Stop 3,360
TP 1 3,990
TP 2 Breakout? Trailing stop?
Red Scenario
If we can't close above top of demand (Like tomorrow...) This is the likely scenario. I would be hard pressed to try and catch a knife this overextended. So until we identify where the new sellers are sitting, I can't give you any trades on this scenario. If you are short biased this could run all the way down to the bottom of demand.
I'll keep a close eye this over the weekend and keep updates.
Long Term
These prices should be according to your personal sentiment on ETH.
Aggressive = 3,500
Good price = on the trend roughly 2,900 - 3k
STEAL = 2,200 - 2,400
That's all for ETH! Enjoy your weekend, and Happy Trading!
@thecafetrader
Gold Wave Analysis – 1 August 2025
- Gold reversed from the support zone
- Likely to rise to the resistance level at 3450.00
Gold today reversed from the support zone between the support level 3272.00 (which has been reversing the price from the end of May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward wave B from May.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern, Morning Star.
Given the clear daily uptrend and the oversold daily Stochastic, Gold can be expected to rise to the next resistance level at 3450.00 (top of waves B and ii).
How to Use Engulfing Candles in TradingViewEngulfing patterns are among the most powerful candlestick formations because they signal strong momentum shifts and can help you spot dramatic trend reversal opportunities.
What You'll Learn:
• How to identify valid engulfing formations where one candle completely covers another's body
• The two types: bullish engulfing (green candle engulfs red) and bearish engulfing (red candle engulfs green)
• Psychology behind engulfing patterns: when one side completely overwhelms the other
• Using volume analysis to confirm engulfing pattern validity
• Finding meaningful engulfing patterns at trend highs and lows for reversal setups
• Timeframe considerations for engulfing analysis on any chart period
• Step-by-step trading strategy for engulfing reversal setups
• Setting proper stop losses above engulfing candle highs
• Determining profit targets below engulfing candle lows
• Managing wide-range drawdowns common with strong momentum shifts
• Advanced entry technique: waiting for retracements to improve risk-reward ratios
This tutorial may help futures traders and technical analysts who want to use powerful candlestick patterns to identify significant momentum changes.
The strategies covered could assist you in creating effective reversal setups when strong buying or selling pressure appears at key price levels.
Learn more about futures trading with Tradingview: optimusfutures.com
Disclaimer:
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.
Nifty Analysis EOD – August 2, 2025 – Friday🟢 Nifty Analysis EOD – August 2, 2025 – Friday 🔴
Trapped at the Top, Slammed at the Close – Bulls Burnt Out!
🗓️ Nifty Summary
With the continuation of yesterday's hidden weakness, today's session gave early hope but ended with a bearish surprise. Nifty opened near the key support zone of 24,735 ~ 24,725, hovered indecisively, then suddenly rallied to 24,780, trapping bulls just under resistance.
But the trap was set.
A sharp reversal followed as Nifty broke not just the day’s low, but also the previous day’s support zone of 24,660 ~ 24,675, pulling the index lower into the 24,565.35 close — the second lowest close since May 12.
A fierce 2–3 hour tug-of-war between bulls and bears took place in a tight 40–50 point range until 2:50 PM, when bulls gave up—leading to a 100+ point fall in the last half-hour. shocked many traders, especially those fatigued from the earlier choppy action.
Much like yesterday, both sides of the trade were available today.
Did you catch them?
Zoom Out View :
Today’s close is just 23 points above the June 3 close, wiping out nearly 59 sessions (81 days) of gain.
Will the zone of 24460 ~ 24542 provide support again, or are we headed for a retest of the 24000 ~ 23800 and 23200 ~ 22800 (Pattern Target and Virgin) range?
Yes, you read correctly 23200 ~ 22800…!
Not so soon…but eventually…!
wish you tell me crazy and hope I am wrong…!
📈 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯️ Daily Candle Breakdown
Open: 24,734.90
High: 24,784.15
Low: 24,535.05
Close: 24,565.35
Change: −203.00 (−0.82%)
Candle Structure
🔴 Large bearish body (169.55 pts)
☁️ Moderate upper wick (49.25 pts)
⬇️ Short lower wick (30.30 pts)
Interpretation
Opened lower, climbed early but failed at 24,780+.
Selling dominated the rest of the session, closing near lows.
Moderate upper wick shows early bullish attempt was rejected.
Candle Type
Bearish Marubozu-like – clear seller dominance.
Key Insight
Sellers defended 24,780–24,800 zone.
Closing near 24,560 keeps the short-term bias bearish.
Next support: 24,500, 24,470 ~ 24460
⚠️ Bulls must reclaim 24,735+ on closing basis to neutralize sentiment.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 212.37
IB Range: 87.55 → Medium
Market Structure: Balanced
Trades Triggered
🕙 10:05 AM – Long Entry → 🎯 Target Hit (R:R – 1:1)
🕚 11:09 AM – Short Entry → 🎯 Target Hit (R:R – 1:2)
🔍 Trade Summary
Both sides were offered—clean hit on long and solid breakdown on short. A Gladiator’s delight.
📊 Support & Resistance Levels
🔼 Resistance Zones
24620
24660 ~ 24675
24725 ~ 24735
24780 ~ 24795
24860 ~ 24880
🔽 Support Zones
24,542 ~ 24,535
24,500
24,470 ~ 24,460
24,380
💬 Final Thoughts
"Traps are laid where confidence is highest. Stay alert, stay flexible."
A textbook day where patience paid off — those who didn’t force trades were rewarded with clean moves in both directions.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Long Term Nifty Analysis.(With Economic Commentary). We saw phenomenal resistance by Indian markets today after the Tariff announcements. Nifty bounced back and at one point was 330 points above low of the day. However there was Profit booking and selling on bounce due to prevailing Tariff uncertainties and Nifty came of the peak to close at 24768. Even after losing a lot of ground which it gained it ended up 133 points from the low of the day. Nifty ended the day in the negative losing 87.6 points from yesterday's close. This was much better than estimation of many experts. We might not be out of the woods yet but nevertheless fight back was phenomenal.
Now coming to Tariffs. I am not an expert in economy but let us assume the worst case scenario that trade negotiations fail and this is the tariff stays at 25% + Penalty. Again assuming that we loose 50% of our exports to US due to this decision. Say tariff would apply to 50b worth goods exported by us to USA and we 25b worth business. The impact on GDP will be as under.
GDP Impact = 25b/3.7T= 0.0067 = 0.67% of our GDP will be shaved off..(Rough Estimate). So say our is say 6.5. Then we continue to grow at 5.9 or 5.8. (Again I am not an expert and this estimate is based on a lot of assumption). This loss of GDP can be covered by increasing local consumption or exploring other market. Enhancing ties with markets outside USA. Thus it is not something which is going to kill Indian markets. We survived 1991, We survived Covid, We survived, Ukraine - Russia war, Israel-Iran conflict, Operation Sindoor Lows so we will survive this too and continue thriving. India is destined to become 3rd Largest Economy and unless there are local / internal political mishaps or mess-ups our growth will continue.
Fibonacci retracement of Nifty ant trend line analysis suggests few important support and resistance levels. The Horizontal line in the chart here suggests the cut off date. The chart suggests that:
Important Supports for Nifty remain at: 24406 (Mid Trend Support), 23903 (Important Fibonacci Support), 23345 (Important Candle support), (Below 23345 Nifty becomes very week and we will be in Bear grip where bears can drag Nifty down to 22737 or even 21742 in unlikely circumstances).
Important Resistance Levels: 25233 (Important Fibonacci resistance), 25792 (Important Candle resistance), 26277 (Previous All Time high), In the long term we might reach 27666 or even 29540 in close to 24 months time.
Conclusion:
Scenario 1) Indian Growth story continues and business thrive the optimistic range for Nifty by June 2027 seems to be the range between 26277 to 29540 or above.
Scenario 2) Indian economy faces changes and internal / external issues hamper progress the pessimistic range for Nifty by June 2027 seems to be anywhere between 23090 to 26277.
Scenario 3) Local or Global catastrophic events unfurl. Global and Indian economy takes a hit (Long drawn wars or local political leadership changes, Covid like events etc.) during this time frame 23090 to 21743 or below..(This does not seem likely but you never say never).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NFP data is positive, the bullish trend remains unchanged#XAUUSD
The current market, influenced by data such as NFP, remains bullish, even briefly pushing towards the 4H upper limit of 3350, reaching a high near 3354.📈
In the short term, gold still has upward momentum and could even reach the previous high resistance level near 3375.🐂
Currently, gold is undergoing a technical correction and needs to begin a pullback to accumulate more bullish momentum, giving traders who previously missed the opportunity to get on board.🚀
As resistance continues to rise, support below will also rise. 📊If gold retreats below 3335-3315, consider going long.📈
🚀 SELL 3335-3315
🚀 TP 3350-3375
XRP Critical Levels to Play This MonthHello I am the Cafe Trader.
This weekend we are shifting focus into the crypto market for a quick overview. If you read my last XRP article, we nailed the bottom for longs, and the sellers for a great positional play. This time we are going to analyze the current failed breakout.
Are Bulls Trapped? Does this still have room to leg up?
Point 1
We can start with the trend break. Massive buyers pushed this move higher, giving XRP a relatively quick All time high, But July 23rd shorts were able to shove this back inside of the previous high.
This signifies that there are bulls trapped, but the interesting thing to note is that the volume has reduced significantly since the last two ATH's. So this also would indicate a lack of buying interest at the highs.
Buyers are just not willing to to get involved with the same conviction as before (yet). No buyers, no continuation (even if there is not many sellers/profit takers).
Point 2
Strong buyers proved their interest with a "hot" reaction at $2.95.
With no "real" seller coming into this market yet, there is nothing stopping this continuation from legging up (so far).
Therefore I stand bullish, and am looking for a move up to $4.64 as a Target.
Point 3
Buying into this can feel tricky, your first entry for a classic two bar trend break would've been at the top of demand. I do think we will get another opportunity here, I definitely would not chase this, because it could play this range for a while before another leg up.
Setup
Trend break continuation.
Entry 3.13
Stop 2.65
Exit TP 4.64
Risk to Reward 3.1
If there is a close below these strong buyers, this could com all the way back down to 2.15-2.3 at least.
The reason for the wider stop here is because we don't want to get swept and then ran. A more conservative stop could be $2.85 which would be a 6R trade. Take your pick
Long Term
If you are late to the party on XRP (I know many are) here are some entries according to your sentiment:
Almost FOMO = 3.13
Aggressive = 2.95
Good price = 2.15-2.3
Steal = 1.60 - 1.93
That's all for XRP. We are going to be looking at Ethereum ETH Next.
Thanks for reading and happy trading!
@thecafetrader
How to maintain stable operations before NFP dataYesterday, gold closed the month with a long upper shadow doji candlestick, indicating strong upward pressure, with monthly resistance at 3439-3451. Today marks the beginning of the month, and with the release of numerous data indicators such as NFP, unemployment benefits, and PMI, there is considerable uncertainty, so intraday trading should proceed with caution.
Judging from the daily chart, the current MACD indicator is dead cross with large volume, and the smart indicator is running oversold, indicating a low-level fluctuation trend during the day. At present, we need to pay attention to the SMA60 moving average and the daily middle track corresponding to 3327-3337 on the upper side, and pay attention to the intraday low around 3280 on the lower side. The lows of the previous two days at 3275-3268 cannot be ignored. There is a possibility that the low-level oscillation will touch the previous low again.
From the 4H chart, technical indicators are currently flat, with no significant short-term fluctuations expected. Low-level volatility is expected to persist within the day. Then just focus on the support near 3275 below and the middle track pressure near 3307 above. Looking at the hourly chart, gold is currently oscillating below the mid-range band, with resistance at 3295-3307 to watch in the short term.
Overall, the market is expected to remain volatile before the release of today's data. Based on Wednesday's ADP data, this round of data is also expected to be around $100,000. The contrast between ADP and NFP last time deserves our caution. The current market is basically optimistic about the short-selling situation, which is exactly what I am most worried about. If the gold price can stabilize above 3,300 before the NY data, the possibility of NFP data being bullish cannot be ruled out.
Intraday European trading suggestion: if the current gold price falls back to 3285-3280 and stabilizes, you can consider short-term long positions, with the target at 3295-3305. If the gold price tests the low of 3275-3268 again and does not break through, you can consider a second chance to go long. After making a profit of $10-20, you can consider exiting the market with profits. The market is volatile and unstable, so be sure to bring SL with you and pay close attention to the impact of the NFP data. Conservative investors can enter the market after the data is released.
The rebound is weak, short orders intervene#XAUUSD
After two consecutive trading days of volatility, gold finally began to fall under pressure near 3335. After breaking through the 3300 mark, the price of gold accelerated its decline, reaching a low of around 3268, and yesterday's daily line closed with a large negative line. 📊
Today's rebound is more likely to be based on the buffering performance of the impact of news. The ATR data also shows that the bullish momentum is slowly weakening in the short term. 🐻After digesting the impact of yesterday's news through rebound during the day, it may fall again in the future.📉
📎The primary focus today is 3305 above, which was also the high point of yesterday's pullback correction. If the gold price rebounds to 3305-3320 and encounters resistance and pressure,📉 you can consider shorting and look towards 3290-3270.🎯
If the short-term gold rebound momentum is strong and breaks through the 3305-3320 resistance area, it will be necessary to stop loss in time. Gold may be expected to touch yesterday's high resistance of 3330-3335, which is the second point to consider shorting during the day.💡
🚀 SELL 3305-3320
🚀 TP 3290-3270
GBPUSD Technical BreakdownTrendline Breakout:
Price has decisively broken above a short-term descending trendline, signaling a potential shift in intraday momentum from bearish to bullish.
Support Zone (1.3185 – 1.3195):
This demand area has provided a strong base, with multiple successful rejections confirming buyer interest.
Resistance Levels:
Near-term resistance: 1.3213 (minor breakout level – watch for retest)
Key upside targets: 1.3240 followed by the major supply zone at 1.3275 – 1.3290
📈 Trade Outlook:
Bias: Bullish above 1.3213
Entry Idea: Look for bullish confirmation on a retest of 1.3213 as support
Targets:
TP1: 1.3240
TP2: 1.3275 – 1.3290
Invalidation: A sustained move below 1.3185 would invalidate the setup and reopen downside risk.
XAU/USD 01 August 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase.
Remainder of analysis and bias remains the same as analysis dated 23 April 2025.
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS.
The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price.
As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish.
Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback.
Intraday Expectation:
Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
Correction Ahead? SP500 Prints Reversal Signal at Key Resistance📘 This market moves like a textbook chart
SP500 is acting like a perfect case study from a trading manual. Back in early April, the index dipped just below 5,000, right into a confluence support zone ( I had spoken about this at the time ) – formed by the long-term ascending trendline and the 2022 all-time high. Just like other U.S. indices, the market reversed aggressively from that area.
🚀 A 30% rally in 4 months
From that low, SP500 rallied around 30% in just four months. An incredible move that brought the index straight to the upper boundary of the yearly rising channel.
🕯️ Bearish signal at the top
And just like in NAS100’s case , the index printed a strong Bearish Engulfing candle exactly at that resistance level. This kind of signal, after such a rise, shouldn’t be ignored.
📉 A correction is not only probable – it’s needed
A pullback from here is not just likely, but in my opinion, healthy and necessary . Short-term speculators could look for a move toward the 6,150 zone, which would already offer decent room for profit.
🔍 What if it goes deeper?
I wouldn’t be surprised to see a correction down to 5,750–5,800. That’s about a 10% decline, which wouldn't even classify as a bear market, just a normal reset after a euphoric rally.
🧠 Perspective matters
In a market that gained 30% in four months, a 10% correction is not a crash — it’s discipline being restored.
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Top in Place? NASDAQ100 Signals Exhaustion After Incredible Run📈 The crazy run since April
NASDAQ100 has had a spectacular run since early April, when the index dipped to 16,300 amid rising tensions caused by Trump’s tax war. From that low, we’ve seen a mind-blowing rally of over 7,000 points, which translates to a 40% gain in just 4 months.
Such a rise is not just impressive— it’s overextended , especially by historical standards. Markets don’t move in straight lines forever, and this one might be showing signs of fatigue.
🕯️ Bearish signal at the top
Fast forward to this week: yesterday, the index marked a new all-time high at 23,700, but closed the day with a strong bearish engulfing candle — one that wipes out the gains of the previous 4 trading sessions.
This is not a small technical detail. Such candles, when appearing after an extended rally, often signal exhaustion and a potential shift in momentum.
❗ Top in place?
In my opinion, there's a high probability that a top has been set, at least temporarily. We might be looking at the beginning of a healthy correction, or even something more meaningful, depending on follow-through in the next sessions.
📉 Where to next?
The first major support to watch is the 22,200 level.
I expect that zone to be tested soon — and honestly, considering how much the index has gone up, this shouldn’t surprise anyone. It’s nothing more than a minor pullback, all things considered.
🧠 Stay smart!
When markets go vertical, it pays to stay disciplined and realistic. Tops rarely announce themselves, but when signals like this appear, it’s wise to listen.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
CADCHF: Bullish Move After the Trap 🇨🇦🇨🇭
There is a high chance that CADCHF will go up today.
After a test of a key horizontal support, the price formed
a liquidity grab with a consequent bullish imbalance.
We can expect growth to 0.5887
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.