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Harmonic Patterns

Key pressure range of gold price: 3440-3450Key pressure range of gold price: 3440-3450 At the weekend, let's analyze the macro trend of gold. As shown in Figure 4h. The orange channel clearly and accurately presents the macro trend of gold price in the past year. It is a very interesting price. The current gold price is running around 3450, which is close to the top pressure range of the macro trend. For this reason, we did not hesitate to short in the 3440-3445 range on Friday, and then took profits in the 3430-3425 range. This is the first opportunity to touch the pressure level of the annual trend channel, which is a perfect intraday strategy. Therefore, now we extend the expectation of gold price next week through trend extension and point extension: Expected increase: 3600 Expected decrease: 3250 Current price: 3432 It is very interesting that: (3600+3250)/2=3425 That is to say, the performance of gold price next week will fluctuate in the range of 3420-3430. As geopolitical tensions in the Middle East intensify over the weekend, gold prices may continue to benefit from risk aversion next week. It is expected that gold prices will target $3,500/ounce at the beginning of next week. Factors such as the Fed's decision and Powell's speech during the week will also have an impact on gold prices. In addition, US President Trump will visit Canada from June 15 to 17 to attend the G7 summit. His speech at that time may also affect gold price fluctuations, which is worth paying attention to. Intraday operation suggestions: mainly long on dips, supplemented by short at highs; Support level focuses on the 3395-3400 area; Pressure level focuses on the 3440-3450 area. 1: As long as the gold price is above $3,400, the gold price will adopt a low-price long strategy, and the stop loss is set at 3390. 2: As long as the gold price is below 3,450, the gold price will adopt a short strategy, and the stop loss is set at 3,460. Steady operation suggestions: give up shorting and only focus on long opportunities. Radical suggestion: intraday trading, with a profit target of 10 points, both long and short positions can be tried, strictly follow the above 12 strategies
OANDA:XAUUSD
by Isla_Suri
1
RIOT / 2hAccording to the prior analysis, NASDAQ:RIOT continued to sell off 6.8% today and closed the week with an 11% decline in total. Wave Analysis >> The rising leading diagonal in wave (1) ended with a diagonal as its 5th wave inside at 10.86. Its correction in the same-degree wave (2) has started its way down toward the origin of the ending diagonal >> 7.93. Trend Analysis >> The trend has turned to correcting down. It might be a relatively deep retracement that will take a few weeks to develop. The retracement targets >> 8.20 >> 7.93 >> 7.67 #CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
NASDAQ:RIOT
by ElliottChart
BITCOINThe Federal Reserve is likely to interpret the June 2025 University of Michigan (UoM) consumer sentiment and inflation expectations data as mixed but cautiously encouraging, with implications for monetary policy: Key Data Points Consumer Sentiment: 60.5 (vs. 53.5 forecast, prior 52.2) – a sharp rebound to the highest level since mid-2023. 1-Year Inflation Expectations: 5.1% (vs. 6.6% prior) – a significant decline, nearing pre-tariff levels. Fed Interpretation Improved Consumer Sentiment: The jump to 60.5 signals renewed optimism about the economy, likely driven by reduced trade tensions (e.g., tariff pauses) and stable labor markets. This aligns with recent upward revisions to April and May sentiment data. The Fed will view this as a sign of economic resilience, reducing urgency for near-term rate cuts to stimulate growth. Sharply Lower Inflation Expectations: The drop to 5.1% (from 6.6%) aligns with the New York Fed’s May 2025 survey showing declining inflation expectations across all horizons. This suggests consumers are growing more confident that the Fed’s policies (and tariff adjustments) are curbing price pressures, easing fears of a wage-price spiral. Policy Implications: Dovish Tilt Supported: Lower inflation expectations reduce the risk of entrenched price pressures, giving the Fed flexibility to cut rates later in 2025 if growth slows. No Immediate Cuts Likely: Strong sentiment and a resilient labor market (unemployment at 4.2%) justify maintaining rates at 4.25–4.50% in July. Focus on Tariff Risks: The Fed will remain cautious about potential inflation rebounds from Trump’s tariffs, which could add 1.5% to prices by late 2025. Market Reactions DXY (Dollar Index): Likely to dip modestly as lower inflation expectations boost rate-cut bets, but sentiment-driven growth optimism may limit losses. Key support at 98.00–98.20. Bonds: 10-year yields may edge lower (toward 4.00%) on reduced inflation fears, though strong sentiment could cap declines. Equities: Stocks (especially consumer-discretionary sectors) may rally on improved economic outlook. Conclusion The Fed will likely view this data as validating its cautious stance: inflation expectations are cooling, but strong sentiment and labor markets argue against premature easing. A September rate cut remains the base case, contingent on continued disinflation and no tariff-driven price spikes. Traders should watch for June CPI (July 11) and Q2 GDP to confirm trends. #bitcoin #dollar
Long
by Shavyfxhub
The FVG above isn’t the target. It’s the bait.This is a classic Smart Money sequence. Most are watching the imbalance at 106.5k–108.7k and expecting immediate delivery. But that’s not how this game works. The setup: Price broke down violently, then reversed with momentum — stopping right beneath the daily FVG block. That alone tells me it’s not ready. It’s gathering. Below? Multiple fib levels that haven’t been tested — 104.4k (0.236), 102.6k (0.0), and a volume-backed rejection wick that still holds weight. The market is likely to dip again — pull into deeper discount, reset the low timeframe narrative — and only then attack the FVG and upper sweep zones. What I expect: Sweep of 102.6k (final liquidity run) Reaction → reclaim 104.4k Push into the FVG toward 106.5k (0.5) and possibly 107.4k (0.618) No emotional reaction to the red candles — this is structure playing out, not weakness unfolding. Plan: Ideal Entry: 102.8k–103.2k range SL: Below 102.6k TP1: 105.6k TP2: 107.4k Final: 108.7k clean inefficiency fill Let it dip. Let it breathe. That’s where conviction is built. Final thought: “The real move starts when they convince you it’s done.”
by SmartFlowst