GOLD MARKET ANALYSIS AND COMMENTARY - [Jul 28 - Aug 01]This week, OANDA:XAUUSD prices had a positive start, rising sharply from 3,345 USD/oz to 3,439 USD/oz because investors were concerned about the risk of financial market instability when US President Donald Trump continuously pressured the FED Chairman to reduce interest rates, and there were even rumors of the Fed chairman resigning.
However, the upward momentum in gold prices was not maintained when the US continuously reached trade agreements with partners such as Japan, Indonesia, Philippines..., cooling down the trade war. This caused gold prices to drop sharply for three consecutive trading sessions, at one point the gold price dropped to 3,325 USD/oz and closed at 3,336 USD/oz.
Trade war worries are starting to subside. Therefore, we continue to witness a shift of investment capital flows from gold to risky assets such as stocks..
Notably, this week is the fourth time gold prices broke the $3,400 threshold but did not stay above this level.
Next week, in addition to the FED meeting, the market will also receive information about US non-agricultural employment (NFP) data. If this index falls stronger than expected, it will further strengthen expectations that the FED will continue to keep interest rates at the current level in upcoming meetings, causing gold prices to drop even more sharply next week.
📌In terms of technical analysis, the three crows pattern (3 long red candles) appeared on the D1 chart, showing that sellers were still in control throughout the past 3 trading sessions without much buying power. This technical pattern often suggests that gold prices may be shifting from their recent upward trajectory into a more prolonged period of decline. This technical signal also quite coincides with the context of many fundamental factors, such as geopolitical conflicts, trade wars, low physical gold demand in the summer... no longer strongly supporting gold prices as before. However, according to many experts, if the gold price drops sharply, it will be a good opportunity to buy, because the gold price is forecast to still increase strongly in the long term.
On the H4 chart, gold price may continue to adjust down below the 3,285 USD/oz mark, before recovering again. Meanwhile, the 3,450 USD/oz area is still a strong resistance level for gold prices next week.
Notable technical levels are listed below.
Support: 3,310 – 3,300 – 3,292USD
Resistance: 3,350 – 3,371 – 3,400 – 3,430USD
SELL XAUUSD PRICE 3383 - 3381⚡️
↠↠ Stop Loss 3387
BUY XAUUSD PRICE 3316 - 3318⚡️
↠↠ Stop Loss 3312
Signals
USDJPY Will Fall! Short!
Take a look at our analysis for USDJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 147.661.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 145.139 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
AUDUSD Will Go Higher From Support! Buy!
Please, check our technical outlook for AUDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.656.
The above observations make me that the market will inevitably achieve 0.662 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
INJ – From Overhyped to Reasonable OpportunityA year and a half ago, INJ was in full hype mode, with fantasmagorical predictions of $200+, even though the coin had already done a 40x move.
(And not to brag—but at that moment, with INJ trading around $40, I said that $10 was far more likely than $200. It actually dropped to $6.5...)
Fast forward to today, and things are starting to look more constructive—at least, if you're not aiming for the moon:
🔹 After the local low at $6.5, price formed a small inverted Head & Shoulders
🔹 Then it confirmed new support at $10, a key psychological level and neckline zone
🔹 Now it's pressing into the $15.5 resistance
From my perspective, the setup is starting to favor the bulls.
If we get a clean breakout above $15.5, the next resistance is around $20, but I wouldn’t be surprised to see a push to $25–26, or even slightly above $30, if momentum builds.
📌 Not a hype call.
It’s a realistic technical setup, built on structure—not dreams.
SEI Breakout Setup: Buy the Dip Before the Next Leg UpAfter the low around 0.13 in April, SEI started to recover, and although the first attempt to reclaim the 0.25–0.26 zone failed in mid-May, that key area—a former support from last year—was finally broken at the end of June.
Now, this previous resistance has turned into support, and even though gains have so far been capped by the falling trendline, price is consolidating above support – which could be a sign of bullish pressure building.
If we get a clean break above this descending trendline, momentum could accelerate, opening the way for a push toward the 0.75 resistance.
This is exactly the scenario I’m working with.
I'm looking to buy dips, with an ideal entry around 0.30, while keeping in mind that a move below 0.25 would invalidate the setup.
✅ Risk-reward? With a stop below 0.25, this setup offers a 1:4 R:R, and even a realistic chance at a 2x trade, which would be quite reasonable under current market conditions.
CHF_JPY RISKY SHORT|
✅CHF_JPY is going up now
But a strong resistance level is ahead at 186.036
Thus I am expecting a pullback
And a move down towards the target of 185.329
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CRUDE OIL Risky Long! Buy!
Hello,Traders!
CRUDE OIL will soon hit
A horizontal support
Of 64.50$ and as it is
A strong level we will be
Expecting a local bullish
Rebound on Monday
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SILVER SUPPORT AHEAD|LONG|
✅SILVER has been falling recently
And Silver seems locally oversold
So as the pair is approaching
A horizontal support of 37.80$
Price growth is to be expected
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CAD-CHF Local Rebound Ahead! Buy!
Hello,Traders!
CAD-CHF made a retest
Of the horizontal support
At 0.5797 from where we
Are already seeing a bullish
Reaction so we will be
Expecting a further local
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CAD_JPY WILL GO UP|LONG|
✅CAD_JPY will soon retest a key support level of 107.500
So I think that the pair will make a rebound
And go up to retest the supply level above at 108.100
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP-NZD Will Keep Falling! Sell!
Hello,Traders!
GBP-NZD keeps falling down
And the pair made a strong
Bearish breakout of the key
Horizontal key level of 2.2400
And the breakout is confirmed
So we are bearish biased and
We will be expecting a further
Bearish move down on Monday
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR_JPY WILL GROW|LONG|
✅EUR_JPY will keep growing
Because the pair is in the uptrend
And recently broke the key level of 173.200
So we will be expecting
Bullish continuation
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR-GBP Swing Short! Sell!
Hello,Traders!
EUR-GBP keeps growing in
A strong uptrend but the pair
Is locally overbought so after
The price hits a horizontal
Resistance level of 0.8764
We will be expecting a
Local bearish correction
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPNZD Breakdown – Smart Money Turns Fully Bearish🧠 Macro + COT + Sentiment Context
Commitment of Traders (COT) – Asset Managers
Institutional asset managers are significantly net short on GBPNZD, with positioning at its lowest level of the year and declining sharply since May. This reflects a clear bearish stance from smart money and reinforces the current downward pressure.
Sentiment & Momentum Indicators
DPO: -54.9 → Indicates a moderately bearish momentum phase.
Wyckoff: -20.3 → Price is in a distribution phase, suggesting weakness.
Speed: 3.2 → Low acceleration, but directional bias remains bearish.
Market Mood: Neutral, but leaning into oversold territory.
Seasonality (July 1st – Sept 30th)
Historically, GBPNZD performs positively in this period:
3Y: +1.7%, 5Y: +1.6%, 10Y: +2.3%, 15Y: +2.8%
However, in 2025, price is diverging sharply from seasonal norms. The pair is trading against historical patterns, suggesting a seasonal anomaly where institutional flow is dominating historical behavior.
🧱 Technical Outlook (Daily Chart)
GBPNZD had been consolidating in a clear range between 2.2170 support and 2.2750 resistance since May. The pair has now broken down with a strong, full-bodied weekly candle, closing below the 2.2320 demand zone.
Key Technical Zones:
Supply zone (2.2494–2.2659) → A clear rejection zone that initiated the current selloff.
Demand zone (2.2170–2.2300) → Has been tested twice already, increasing the probability of a clean breakdown.
RSI (Daily) → Currently neutral, with a sequence of lower highs and no bullish divergence in sight — indicating weak momentum.
✅ Conclusion & Trade Plan
Directional Bias: Bearish (Short)
Although seasonality typically supports bullish price action for GBPNZD in Q3, the current context is decisively bearish. Institutional positioning, price structure, and sentiment all confirm a potential shift in direction, reinforced by a confirmed weekly breakdown.
Bearish Targets:
📍 First: 2.2170 (recent support test)
📍 Second: 2.2000–2.1900 (April swing low)
📍 Extension: 2.1750 (base of previous accumulation zone)
Invalidation Criteria:
A weekly close above 2.2490 (supply zone breached)
Bullish RSI divergence + weekly recovery candle
USOIL: Next Move Is Up! Long!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 65.029 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 65.579.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
NG1!: Target Is Up! Long!
My dear friends,
Today we will analyse NG1! together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3.087 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 3.107.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
NI225: Move Down Expected! Short!
My dear friends,
Today we will analyse NI225 together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 41,456.23 will confirm the new direction downwards with the target being the next key level of 40,954.70 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
USDJPY: Bullish Move From Support Ahead! 🇺🇸🇯🇵
I think that there is a high chance that USDJPY will continue growing
next week.
A bullish breakout of a resistance line of a flag pattern that occurred
after a test of a key support provides a strong bullish signal.
Goal - 148.7
❤️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.
ETHUSD Will Go Down From Resistance! Sell!
Here is our detailed technical review for ETHUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 3,641.87.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,871.15 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD Will Go Higher! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.344.
Considering the today's price action, probabilities will be high to see a movement to 1.351.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
EURCAD Will Go Down! Short!
Please, check our technical outlook for EURCAD.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.608.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.607 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
GOLD continues to correct down, good news from trade situationOANDA:XAUUSD has fallen sharply again, currently trading around $3,360/oz, reflecting the easing of global trade tensions, affecting demand for safe-haven assets. The US Dollar and US Treasury yields have also increased, affecting gold prices.
The US Dollar Index ( TVC:DXY ), which tracks the greenback against six other currencies, rose to 97.56.
The yield on the 10-year US Treasury note US10Y rose to 4.386%. The US real yield, calculated by subtracting inflation expectations from nominal interest rates, rose nearly 3.5 basis points to 2.046%.
Markets are increasingly optimistic about such deals after the United States and Japan reached a trade deal, and the European Union could be next. In addition, rising stock markets and low volatility have kept gold's gains in check.
The United States and the European Union are moving toward a potential trade deal that would include a 15% tariff on EU goods and zero tariffs on some items.
The European Commission said Thursday that a negotiated trade solution with the United States is within reach.
“Our focus is on reaching a negotiated outcome with the United States,” a European Commission spokesperson told reporters about the EU-U.S. tariff talks. “We believe that such an outcome is achievable.” The European Commission has repeatedly said that its current priority is to reach a deal with the United States to avoid the 30% tariffs that U.S. President Trump has proposed to impose on EU products starting August 1.
On the economic data front, initial jobless claims in the United States unexpectedly fell last week, suggesting the job market remains solid.
The U.S. Bureau of Labor Statistics reported on Thursday that initial jobless claims fell to 217,000 in the week ended July 19, below expectations of 227,000 and down from 221,000 the previous week.
Technical Outlook Analysis OANDA:XAUUSD
Gold is heading for its third consecutive day of decline since hitting the bullish target level sent to readers in the weekly edition on Sunday at $3,430.
Despite the sharp decline, gold still has enough technical conditions for an uptrend given its current position and structure.
Specifically, gold is still above the EMA21, which is considered the nearest support at the moment. Along with that, the uptrend price channel is the short-term trend. However, for gold to qualify for a short-term bullish cycle, it needs to be confirmed by price action above the 0.236% Fibonacci retracement level, then the target is $3,400 in the short term, more than $3,430.
On the other hand, RSI is still holding above 50, and 50 in this case acts as momentum support. Therefore, gold still has room to rise.
In case gold is sold below EMA21, it may suffer a further decline with the next target around $3,310 in the short term, more than $3,300 and the 0.382% Fibonacci retracement level. And if gold loses the support at the 0.382% Fibonacci level, it will qualify for a bearish cycle.
Intraday, the current position of gold price is still tilted towards the upside, and the notable price points will be listed as follows.
Support: $3,350 – $3,310 – $3,300
Resistance: $3,371 – $3,400 – $3,430
SELL XAUUSD PRICE 3406 - 3404⚡️
↠↠ Stop Loss 3410
→Take Profit 1 3398
↨
→Take Profit 2 3392
BUY XAUUSD PRICE 3329 - 3331⚡️
↠↠ Stop Loss 3326
→Take Profit 1 3337
↨
→Take Profit 2 3343
CAD-JPY Rebound Ahead! Buy!
Hello,Traders!
CAD-JPY made a retest
Of the horizontal support
Of 107.400 from where we
Are already seeing a bullish
Rebound and we will be
Expecting a further bullish
Move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.