(Gold) Technical Analysis – Buy-Side Correction in PlayGold is currently undergoing a correction on the buy side, with price action suggesting the potential for further upside. The market is showing bullish momentum amid rising global uncertainty.
Dovish Fed Expectations: Increasing speculation around potential Fed rate cuts, along with discussions about leadership changes (including the possible replacement of Kugler and Powell), is contributing to a more accommodative outlook. Geopolitical & Trade Tensions: Continued escalation of global trade conflicts is boosting demand for safe-haven assets like gold, adding to bullish pressure.
If the price holds above the 3370–3380 support zone, bullish continuation toward 3420/3440 is likely in the short term.
You May find more details in the chart.
Ps; Support with like and comments for better analysis
Community ideas
XRP Price Forecast: The SEC Case is Over — What’s Next for XRP?XRP Price Forecast: The SEC Case is Over — What’s Next for Ripple’s Token?
📅 Date: August 8, 2025
📈 Current Price: ~$3.33–$3.37 (+11% in 24h)
1. The Legal Battle is Finally Over
After more than three years of uncertainty, Ripple and the U.S. SEC have jointly filed to dismiss all remaining appeals, officially ending their long-standing legal dispute. The 2023 ruling stands: XRP sales on secondary markets are not securities — a regulatory green light that removes the biggest cloud hanging over Ripple’s future.
Why this matters:
Opens the door for institutional adoption without fear of legal backlash.
Boosts confidence among payment providers, banks, and fintech platforms to integrate XRP.
Positions Ripple as a credible player in global cross-border settlement.
2. Market Reaction in the Past 48 Hours
Price Surge: XRP jumped 11–13% in less than 24 hours, adding nearly $20B in market cap.
Volume Spike: Trading volume up ~200%, signaling entry of “smart money” and institutional flows.
Short-Term Targets: Market momentum hints at a move towards $3.50–$4.00.
3. Technical Analysis
Support Zones: $3.10–$3.20 (primary), $2.90 (secondary).
Resistance Levels: $3.50, then $4.00.
Indicators: RSI at ~68 (approaching overbought), Golden Cross formed — a strong bullish signal.
4. Fundamental Drivers Ahead
Expansion of RippleNet’s banking partnerships.
Growing role in cross-border payments — a $150T annual market.
Participation in CBDC infrastructure projects.
5. Price Forecast Scenarios
Timeframe Likely Scenario Bullish Scenario Key Triggers
Next Month $3.50–$3.80 $4.00+ Momentum, positive news
End of 2025 $4.50–$5.50 $6.00+ ETF approval, new banking deals
By 2030. $10–$15 $20+ Global adoption, CBDC integration
6. Entry & Exit Points
🎯 Short-Term Trade:
Entry: ~$3.30
Exit: $3.80–$4.00
📊 Medium-Term Position:
Entry: ~$4.20
Exit: ~$6.00
🌍 Long-Term Hold:
Entry: ~$8.50
Exit: $20+
7. Risks to Watch
Global crypto market corrections.
Slower-than-expected institutional adoption.
New regulatory hurdles outside the U.S.
💬 Final Take:
The removal of legal uncertainty turns XRP into one of the most asymmetric risk/reward opportunities in the current crypto landscape. Volatility will remain, but the medium-to-long-term upside potential is significant — especially if Ripple captures a larger share of the global payments market.
📌 This is not financial advice. DYOR and manage your risk accordingly.
DXY Is Still Bearish; Final Leg Of The Wedge Pattern?DXY Is Still Bearish, but it can be trading in final leg of ending diagonal a.k.a. wedge pattern from technical and Elliott wave perspective.
US Dollar Index – DXY made only a three-wave rise from the lows, which indicates for a correction within downtrend. So recovery can basically still be a fourth wave rally, just a bit deeper one that can still belong to an ending diagonal a.k.a. wedge pattern. Final wave “v” of 5 can be still missing, so be aware of a continuation lower within a new three-wave abc decline, especially if breaks below the lower side of the corrective channel near 97.70 level.
Correction in Tokyo, London session. And return go up in NewYork✏️Gold prices saw some selling pressure in the Tokyo session. Yesterday's US session saw strong buying pressure, leading to a psychological profit-taking session early today. The possibility of a correction in the Asian and European sessions today and the buying pressure will return in the London session. The SELL signal is triggered at the moment and the Target is aimed at the reaction of buyers at the support areas for the BUY strategy.
📉 Key Levels
SELL now 3375 (Scalping)
BUY trigger: Price rejection at the support areas 3346-3333-3315
Target 3420
Leave your comments on the idea. I am happy to read your views.
AUDUSD Breakout Setup: Ready for Lift-Off!Hey Guys,
I’ve analyzed the AUDUSD pair for you. If the 0.65245 level breaks to the upside, my target will be 0.65416.
If it doesn’t break, I’ll be looking to buy around 0.65047 or 0.64954.
Either way, my final target remains 0.65416.
In this analysis, I’ve highlighted two key levels and shared my target. I’m planning to buy from these zones.
Every single like from you is my biggest source of motivation to keep sharing these analyses. Huge thanks to everyone who supports by liking!
GBPJPY SELL SWEET SETUP SHOOOOOOOOOOOOORT HHHHHHHHHI think we should research selling opportunity
because we have uptrend line has broken and tested
and we have bearish channel and the price reflect from resistance on time frame 1W
SO SHORTLY i will sell Especially since we have a rebound from the imbalance as well.
Look at this picture as it makes it clearer to you
Gold completes corrective structureXAUUSD August 8: Gold completes corrective structure – Buy opportunity on breakout
On the 1H chart, Gold (XAUUSD) has been consolidating within a complex WXYXZ corrective pattern following the strong bullish rally from August 1st. The recent (A)(B)(C) correction within wave Z appears to have completed, with price currently bouncing from a key demand zone around 3,394 – 3,395 USD.
Key bullish signals:
Corrective pattern completed: Wave (C) touched the lower trendline and showed a bullish reaction, suggesting end of the correction.
EMA bounce: Price is finding support from the short-term EMA, indicating a potential return of bullish momentum.
Rising volume: Especially after testing the 3,375 support zone, buying volume has increased, confirming accumulation.
Fibonacci confluence: The 3,394 level aligns with the 61.8% retracement of the previous bullish leg – a strong support zone for long entries.
Important price levels:
Immediate support: 3,394 – 3,395 (ideal buy zone).
Stronger support: 3,375 (stop-loss placement).
Resistance / Take Profit: 3,436 (previous high and supply zone).
Suggested Trading Strategy:
Bias: Long (Buy)
Entry: 3,395
Stop-loss: 3,375
Target: 3,436
Risk/Reward Ratio: ~1.99 – solid for an intraday setup.
Note: If price breaks below 3,375 with high volume, consider exiting early to avoid deeper downside toward 3,333.
Conclusion: Gold is likely resuming its uptrend after a complex corrective phase. This presents a potential long opportunity with a favorable risk/reward ratio if executed properly within the marked levels.
Follow for more high-quality trading setups – and don’t forget to save this idea if it fits your trading plan.
NFLX CRACK!!Classic breakdown move from a rising F flag!
Massive Head and shoulders formed, that head test followed through, taking out stops, and now failing off the top of the channel.
Screaming CAUTION to the bulls!
Nice simple short setup for bears.
Click boost, follow, and subscribe. Let's get to 5,000 followers. ))
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.
Gold price maintains upward trend to 3400⭐️GOLDEN INFORMATION:
Gold (XAU/USD) edged lower during the North American session, pressured by rising U.S. Treasury yields, profit-taking, and reports that President Donald Trump may announce a replacement for Fed Governor Adriana Kugler later this year. The precious metal is trading around $3,372, down 0.23%.
After a three-day rally, bullion struggled to gain further traction as investors locked in profits. This came despite Trump signing an executive order imposing a 25% tariff on India in response to its continued imports of Russian oil. The new duties—set to take effect 21 days after August 7—will raise tariffs on select Indian exports to as much as 50%.
⭐️Personal comments NOVA:
Gold prices continue to increase, heading towards 3400. The context of trade tensions heats up again, along with increasing expectations of interest rate cuts.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3429- 3431 SL 3436
TP1: $3418
TP2: $3408
TP3: $3392
🔥BUY GOLD zone: $3332-$3330 SL $3325
TP1: $3342
TP2: $3355
TP3: $3368
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
FLOKIUSDT near major daily support & pump hard after breakoutMajor resistances which stop the price from more pump now are 1.Red trendline 2.0.00020$ resistance zone and i think both can soon break and after that market would be extremely bullish after a while.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
MarketBreakdown | USDJPY, NZDUSD, EURJPY, US100
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #USDJPY daily time frame 🇺🇸🇯🇵
The market is trading in uptrend.
After the price updated a high, it retraced.
I see a consolidation now and a formation of a narrow
horizontal trading range.
A bullish breakout of a resistance of the range and a daily
candle close above that will provide a strong trend-following bullish signal.
An uptrend will most likely resume then.
2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸
A test of a historically significant major demand cluster triggered a strong
bullish reaction. The price violated a strong resistance and closed above that.
I think that the market will most likely continue growing.
3️⃣ #EURJPY daily time frame 🇪🇺🇯🇵
The pair is trading within a horizontal parallel channel.
With the absence of high impact fundamental news today,
I think that the market will most likely continue consolidating
and the price may retrace from the resistance.
4️⃣ #NASDAQ Index #US100 daily time frame 🇺🇸🇨🇭
Looks like the market is preparing to update the ATH.
A confirmed violation of a minor daily resistance and a valid
Change of Character on intraday time frames indicate clear
strength of the buyers.
I guess that 23700 level will be tested soon with its highly probable breakout.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BTC - Short Trade / Crash Update and DetailsPer my previous post here are the details on my personal trade. Note this is NOT financial advice, and this is my own personal trading plan only. Please use your own judgement.
Entry - 116,300 to 116,600
Stop Loss - 121,800
Target 1 - 95,700
Target 2 - 61,500
Target 3 - 35,000
Target 4 - 8,000
Note that Bitcoin should move up from the 35,000 target to 88,000 making a corrective wave on HTF.
At this point I will post an update and advise my own strategy and if I long 35,000 to 88,000.
Happy trading
Story Protocol Holds Strong, Targeting Explosive 20% Rally to $7Hello✌️
Let’s analyze Story Protocol’s price action both technically and fundamentally 📈.
🔍Fundamental analysis:
Story is working on tokenizing real-world data for AI, teaming up with big projects to tap into the $80T IP market. But on-chain activity is still low, so hype could fade if adoption is slow.🤖
📊Technical analysis:
OKX:IPUSDT has held its ground and respected key Fibonacci supports during the latest market pullback 📉. Backed by strong fundamentals and steady bullish momentum, I anticipate a 20% move toward the 7.88 target 🚀.
✨We put love into every post!
Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale
DeGRAM | GOLD above the descending channel📊 Technical Analysis
● XAUUSD broke above the descending channel and confirmed a breakout from a narrowing wedge near 3,382, signaling bullish continuation.
● The price structure now targets the 3,435 resistance, with pullbacks likely to retest the breakout zone before the next leg higher.
💡 Fundamental Analysis
● Gold is supported by renewed safe-haven demand after geopolitical tensions in the Middle East and weaker-than-expected US ISM services data, which pressured the USD.
✨ Summary
Buy above 3,382; target 3,435. Setup remains valid while holding above 3,360.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!