MAZAGON DOCK SHIPBUILRetest of the Neckline: After the breakout, the price has come back down to retest the neckline. This is a normal and healthy move to confirm the previous resistance as a new support.
If the price bounces from this neckline support, there is a strong possibility of an upward move, with the next target potentially around 3,400–3,600.
However, if the price breaks below this neckline support, the pattern may fail, and the price could fall to around 2,600 or lower.
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Chart Patterns
Silver (XAG/USD) Bullish Breakout Toward $34.40 Target Key Observations:
Support Zone (Around $32.00 - $32.50):
Price has respected this zone multiple times (green arrows indicate successful bullish reactions).
EMA 50 and 200 are aligned beneath current price, acting as dynamic support (bullish signal).
Resistance / Target 1 (~$33.40 area):
Price is approaching this area again, previously acting as a resistance.
Short-term traders might consider this a partial take-profit zone.
Target 2 (~$34.40 area):
If the resistance/Target 1 zone is broken and confirmed (as the black arrow suggests), the price could rally toward Target 2.
There's room for bullish continuation based on prior momentum and structure.
📈 Technical Outlook:
Trend: Bullish (higher lows, EMA crossover)
Bias: Bullish continuation if price breaks and retests the $33.40 zone.
Risk: Rejection at resistance could push price back toward the $32.00–$32.50 support.
USDJPY Retest of Supply Zone Before Bearish ContinuationUSDJPY pair is reacting to key supply around 143.70–144.00 but shows signs of weakness after failing to hold above this level. With renewed risk-off sentiment and escalating global trade tensions—especially involving Japan and the U.S.—this pair may be setting up for a bearish continuation. Here's what both the chart and macro backdrop suggest.
📊 Technical Breakdown (4H Chart)
Key Supply Zone Retested:
The pair retraced into a previously broken structure zone (blue box), rejecting the 143.70–144.00 area multiple times.
Price is now forming lower highs, indicating bearish pressure building beneath resistance.
Bearish Continuation Pattern:
Price action resembles a bear flag, with a minor pullback likely before continuation lower.
A retest of 143.00–143.50 could serve as an ideal sell zone.
Major Support Levels:
142.04–142.02: Immediate support, already tested.
140.16: Key structure low from late April.
138.04: Final measured move target based on Fibonacci extension and prior demand zone.
Bearish Trade Setup:
Entry Zone: 143.00–143.50
Stop: Above 145.35
TP1: 142.00
TP2: 140.15
TP3: 138.00
🌐 Macro Fundamentals
Trump Tariffs Stir Instability:
President Trump is pressing Japan in trade talks with threats of new tariffs, already impacting investor confidence
A 25% tariff on Japanese auto exports has gone into effect, disrupting trade negotiations.
Urgency for a Deal, But No Progress Yet:
Trump says multiple deals are “coming,” but little substance has emerged. Analysts fear economic fallout and potential global recession if tensions continue
JPY Strengthening on Safe-Haven Flows:
With U.S. economic indicators weakening and global uncertainty rising, the yen may benefit from risk aversion.
✅ Summary
USDJPY remains vulnerable to downside continuation from the 143–144 resistance zone. If price breaks below 142.00 again with conviction, expect momentum to build toward 140.15 and potentially 138.00.
Gold: The Start Of The C Wave (Extreme Danger!)After the FED announces their business Gold (XAUUSD) is likely to crash-down and hard.
I will support my statement with data coming from this chart.
The crash doesn't necessarily need to happen instantly. My idea is that we are witnessing a classic ABC correction in Elliott Wave Theory terminology. Let's dive in.
» Trading volume peaked in early April and has been dropping considerably.
» The ATH session ended as a very strong bearish (reversal) signal.
» There is a strong bearish divergence with the RSI. The RSI peaked February 2025 while Gold (XAU) peaked recently. Here is the chart:
Currently, Gold is showing a bounce until the resumption of the corrective bearish move.
Gold is set to move lower based on my interpretation of this chart. Approach with caution, or, go SHORT. You can't go wrong by shorting the top/resistance. Sell at resistance, buy at support.
Namaste.
LRC - Sine Line Says: Bullish!Hello TradingView Family / Fellow Traders! This is Richard, also known as theSignalyst.
The picture says it all!
📈For the bulls to take over and ignite the next bullish wave in line with the Sine Line cycles, a break above the $0.12 structure marked in blue is needed.
📚 Reminder:
Always stick to your trading plan — entry, risk management, and trade management are key.
Good luck, and happy trading!
All Strategies Are Good, If Managed Properly!
~Rich
Is the rise in gold a rebound or a restart of the upward trend?News Interpretation: US President Trump announced on Sunday that he plans to impose a 100% tariff on films produced overseas, marking the first time that his restrictive trade policy on US imports has been extended to the entertainment industry. This has once again ignited investors' concerns about the potential consequences of a global trade war. On Monday, local time, Trump signed an order on biomedical research, hoping to take the opportunity to promote the US pharmaceutical manufacturing industry. Trump also announced that tariff measures on pharmaceutical products will be announced in the next two weeks. Gold is often seen as a safe haven tool in uncertainty and performs well in a low interest rate environment. Gold prices have soared 26.3% so far this year and have set new historical highs many times.
Gold trend analysis: Gold rose strongly yesterday, and the Asian session pulled up slightly and then fluctuated slowly upward. The European session gold price broke through the support and suppression conversion position we analyzed, and broke through the two key defense positions of 3300 and 3330 in succession. Today, the gold price opened with a single positive rise to around 3385 and was blocked. It is currently falling back at a high level. As of the time of posting, the price is around 3366. Our original idea was to focus on the support near 3162, the 618 position, of the last upward correction of gold prices before 3500. However, the rally on Monday broke through our defense level and our bearish view failed. Now that gold prices have returned to an upward trend, the structure needs to be re-analyzed.
In general, the gold price has risen in the past two days, and our spot market has maintained a steady rhythm. 3386 is a short-term suppression level. If it breaks below 3350 in the Asian session, the steady idea is to wait for a rebound and then short to see the downward trend. Focus on the support of 3272 below.
The bulls return strongly and continue to buy after the retracemCurrently, gold is fluctuating around 3360. Wait patiently for the opportunity to go long when it falls back. Below, we continue to pay attention to the short-term support at 3350-54, and focus on the important support at 3336-40. In terms of operation, we mainly go long on pullbacks. Be a prudent trader and take profits within your cognition. I have been waiting for your participation. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with me!
From the 4-hour analysis, gold bulls are making another strong impact. On the top, we pay attention to the short-term suppression of 3385-90 and the suppression of 3400. On the bottom, we pay attention to the short-term support of 3350 and the important support of 3336-40. In terms of operation, we mainly buy when the price falls back. In the middle position, we should watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
Gold falls back to 3350-53 and buys more when it falls back to 3336-40. Stop loss 3327, target 3380-3385, and continue to hold if it breaks;
Gold technical side "bullish signals" are denseTechnical analysis shows that the gold daily level has built a clear pattern of stopping the decline and stabilizing, effectively alleviating the previous downward pressure. In terms of specific support levels, the integer mark of $3,300/ounce constitutes a key dividing line between long and short positions. After the gold price breaks through this point, it quickly steps back to confirm the effectiveness of the support, and then launches an upward attack again. The $3,272/ounce area that was blocked many times during the Asian session was effectively broken through during the European session, opening up space for subsequent upward movement. In terms of pressure levels, the upper track of the 1-hour Bollinger Band at $3,338/ounce constitutes a short-term resistance level. If the bulls can continue to break through, the upper target will directly point to the area near last week's high of $3,350/ounce. In terms of technical indicators, the dead cross trend of the 5-day moving average and the MACD indicator has slowed down significantly. The KDJ and RSI indicators both show a "dead cross upward" pattern and are close to the critical point of the golden cross, suggesting that after the previous adjustment of the gold market, the bullish forces are accumulating rebound momentum.
Will the price of gold continue to rise?At the daily gold level, yesterday it successfully closed with a 100-meter big positive line, and stood on the short-term moving average. This trend completely cycled around the Qingming Festival, so today is likely to be a big positive line, and continue to be bullish; the upper resistance point is 3445-3455, and it is expected to be tested tomorrow; at the 4-hour gold level, from the division of 3500-3202, the 3386 line is exactly the 618 division resistance. There was indeed a wave of retracement when it was touched during the day, and it stabilized and pulled up when it touched the 50 division position of 3350. Once it breaks through 3386 tonight, it will easily hit above 3400 and gradually move closer to the 786 division resistance of 3435; in addition, in the strong pull-up stage, this cycle will continue to rely on the MA5 moving average to rise;