Gold Plan: Waiting for the 1000 Pips Drop UnderwayYesterday, I highlighted that the 3280 support zone looked fragile and warned of a potential breakdown.
However, once New York opened, bulls stepped in aggressively, pushing Gold above Friday’s close and triggering my stop loss along the way.
Key Question:
Has the bullish momentum changed the bigger picture?
Why I Still Expect a Drop:
- Despite yesterday's green close, the broader structure remains bearish.
- The 3370 resistance zone is still intact, and Gold is vulnerable under it.
- My target remains a move under 3280, aiming for the 3200 area.
T rading Plan:
I will continue to look for selling opportunities, especially on spikes toward resistance zones, targeting a 1000 pips move down.
Final Words:
The market needs to confirm the plan, but patience and discipline will bring the 🚀 in the right direction!
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Signals
NZDUSD Will Go Down From Resistance! Short!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.592.
The above observations make me that the market will inevitably achieve 0.580 level.
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.
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AUDNZD Will Go Higher From Support! Long!
Take a look at our analysis for AUDNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.079.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.097 level soon.
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.
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BITCOIN This is where the real BULL started in 2017.We've mentioned on numerous occasions how Bitcoin's (BTCUSD) current Cycle resembles that of 2014 - 2017 and this evidence is self-explanatory on the chart. What we want to bring forward today, and the timing couldn't be better, is that symmetrically speaking, it was the exact same time of the year (April 2017) when the past Cycle started printing predominantly green candles that lasted until the very end of 2017 (December) and the Cycle Top.
The 3W RSI sequences are identical among the two fractals with a Pivot trend-line dominating both Cycles, first as a Resistance (red arrows) and then turned into Support (green arrows). Before the end-of-year Parabolic Rally, the Bull Cycle was classified into 3 pull-back/ consolidation Phases (blue Rectangles) and, no surprise, the mini rallies started around the same times.
Can this indicate that we are about to see a strong rally of predominantly green candles towards the end of the year to form the new Cycle High? What do you think?
Feel free to let us know in the comments section below!
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NZDJPY Is Going Down! Short!
Take a look at our analysis for NZDJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 85.345.
Taking into consideration the structure & trend analysis, I believe that the market will reach 84.425 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.
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GOLD trades around $3,300, market lacks major impactOANDA:XAUUSD sare trading lower around the $3,300/oz flatline as easing US-China trade tensions dampen the appeal of gold as a safe-haven asset, while investors await US economic data to gauge the Federal Reserve's policy direction.
OANDA:XAUUSD have been trading in a narrow range recently as the market awaits details of the first trade deal, which is expected to be announced this week or next.
OANDA:XAUUSD has reversed to a downside correction since last week as Trump made some very positive comments and the risk of stagflation was further ruled out, and gold prices continued to fall. Stagflation has pushed gold higher and as the market starts to price in this risk, a correction is natural, especially considering that “buying gold” has become the top trade and it is technically in overbought territory.
Looking at the larger picture, gold prices remain in an uptrend as real yields are likely to continue to fall amid the Fed’s easing. But in the short term, more positive news on tariffs could see gold prices continue to fall as the market adjusts to the new conditions.
OANDA:XAUUSD , traditionally seen as a hedge against political and financial uncertainty, hit a record high of $3,500.05 last week amid heightened uncertainty.
Investors will be watching economic data for the rest of the week, including Wednesday's personal consumption expenditure report and Friday's non-farm payrolls report.
Technical Outlook OANDA:XAUUSD
On the daily chart, gold continues to move sideways as the accumulation state takes place as the market has no fundamental impact of any sudden change. With the current position, gold is not qualified to increase or decrease significantly with the sideway area of attention in the range of 3,371 - 3,292 USD being the positions of the Fibonacci retracement of 0.236% and 0.382%.
However, overall, gold is still inclined to increase in the long term with the price channel as the main trend and support from EMA21 as the main support. As long as gold remains above/within the price channel, above EMA21, it still has the technical conditions for the main trend to be up, the declines should only be considered as short-term corrections and not an official trend.
During the day, the sideways accumulation state with the main uptrend will be noticed again by the following positions.
Support: 3,292 – 3,267 USD
Resistance: 3,371 USD
SELL XAUUSD PRICE 3382 - 3380⚡️
↠↠ Stop Loss 3386
→Take Profit 1 3374
↨
→Take Profit 2 3368
BUY XAUUSD PRICE 3283 - 3285⚡️
↠↠ Stop Loss 3279
→Take Profit 1 3291
↨
→Take Profit 2 3297
Lingrid | GOLD Market COMPRESSION: Coiling Up Before BREAKOUTOANDA:XAUUSD is forming a potential triangle pattern after bouncing from support near 3,220, where multiple key levels converge. The price is holding above the short-term upward trend-line, showing signs of compression. If buyers defend this area again, we could see a breakout toward the 3,380 resistance. Until then, the pair remains in a consolidation phase.
📈 Key Levels
Buy zone: 3,280 – 3,290
Buy trigger: bounce from trend-line
Target: 3,380
Sell trigger: break below 3,280 with confirmation
💡 Risks
Gold remains sensitive to USD news — strong data can limit upside.
A sudden break of the triangle base may shift bias to bearish.
Volatility expected ahead of key macro releases this week.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gold Stuck in Limbo- Sell Rallies, Ride the DropAfter the explosive rally that pushed Gold up to the 3500 area, the market quickly reversed with a sharp sell-off on April 22–23, dropping almost 2500 pips.
Since then, price has entered a consolidation phase.
Initially, the range was between 3270 and 3370, but since yesterday, the range has started to tighten — a classic sign that a breakout is approaching.
Looking at the structure, we’re dealing with a blow-off top followed by a range with clear support and resistance levels. In this context, I lean toward a downside breakout.
The key support is now at 3300 — and a break below it would likely expose 3270 again.
However, I don’t expect the move to stop there. If 3300 is broken, a continuation toward the 3200 zone becomes very likely.
🔹 Trading Plan:
As long as price stays below the 3360–3370 resistance zone, the strategy is to sell rallies, especially when price approaches the upper boundary of the range. Entries can be taken on rejection candles or confirmation patterns near resistance, with stops just above 3370. If 3300 breaks, watch for continuation setups toward 3200.
Only a sustained breakout above 3370 with strong bullish momentum would invalidate the bearish scenario and call for a reassessment.
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Lingrid | AUDCHF trend Continuation Pattern. Long The price perfectly fulfilled my last idea . It hit the target zone. FX:AUDCHF is holding above the upward trend-line, forming a series of higher lows after the recent flag pattern correction. The price is consolidating above support at 0.5265 and may soon bounce from this area to resume its bullish leg. As long as buyers protect the trend-line, the structure stays bullish with eyes on the 0.5337 resistance.
📈 Key Levels
Buy zone: 0.5265 – 0.5270
Buy trigger: bounce from trend-line
Target: 0.5337
Sell trigger: break below 0.5265
💡 Risks
Break below the trend-line could shift the short-term bias to bearish.
Watch for false breaks or low-volume bounces — confirmation is key.
Volatility may increase around CHF news or cross-pair flows.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPJPY – Correction Could Offer a Good EntryA few days ago, I mentioned that GBPJPY could rise and test the 195.00 handle – and that idea still stands.
After pushing up to 191.75, the pair began to correct, which might be just what we needed: a chance to enter a long trade at better levels.
Is this correction a healthy pullback before resumption of the up move?
For now, it looks like a typical retracement within an uptrend (bullish flag).
The 190.00 zone, highlighted on the chart, is the ideal spot for long setups.
Why 190.00 is key:
- Strong horizontal support.
- Great risk-reward potential, with over 1:2 R:R possible.
- Price remains in bullish structure above 188.00.
Trading Plan:
Look for bullish confirmation around 190.00 – this zone could provide an excellent buying opportunity.
However, a break below 188.00 would invalidate the setup and call for caution.
Until then, buying the dip remains the plan.
Let the correction finish, and be ready to ride the next wave higher.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Lingrid | DOGEUSDT Potential LONG on Pullback to SWAP ZoneThe price perfectly fulfilled my last idea . It reached the target. After a strong rally and fake breakout above the resistance near 0.1915, BINANCE:DOGEUSDT is now pulling back and trading inside a sideways range. Price is heading toward the 0.1700–0.1710 support area, which aligns with the upward trend-line. If bulls hold this zone, a rebound toward 0.1850 looks likely. As long as price stays above the trend-line, bullish structure remains valid.
📈 Key Levels
Buy zone: 0.1700 – 0.1710
Buy trigger: bounce from trend-line
Target: 0.1850
Sell trigger: break below 0.1700
💡 Risks
If price breaks below 0.1700, it may open the way toward deeper support.
Sudden spikes in Bitcoin or market-wide sentiment shifts can shake the setup.
Lower timeframe volatility near trend-line could trap early entries.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
DXY Ready to Pop – Watch That 100 Break!After breaking below the key psychological level at 100 and making a low just under 98, the Dollar Index ( TVC:DXY ) has entered a consolidation phase.
Over the past three weeks, price has developed an inverted head and shoulders pattern, with the neckline perfectly aligning with the horizontal resistance at 100 — a strong zone of confluence from both a technical and psychological standpoint.
Despite the current hesitation under resistance, the structure suggests bullish potential. I believe we are approaching a breakout above 100, and once that happens, an acceleration to the upside is likely to follow.
🎯 Target: 102
🔒 Invalidation: A break below 98 would cancel the bullish bias.
As long as the price stays above the 98 area, I remain bullish and expect the dollar to strengthen.
🚀 The breakout hasn’t happened yet — but the pressure is building.
Gold weakens under pressure from USD and bondsOn the morning of April 30, the world gold price fell to 3,318 USD/ounce, down 20 USD compared to the same time the previous day. The strong increase in USD and high US bond yields at 4.23% made gold lose its appeal in the eyes of investors.
The recovery of US stocks and the decline in oil prices further depressed market sentiment. On the H4 chart, gold has not yet escaped the sideways zone around EMA34 - a sign that buying power is weakening.
NZD_USD REBOUND AHEAD|LONG|
✅NZD_USD is trading in an
Uptrend and the pair is making
A local correction in a way
Which also resembles a bullish
Wedge so after the retest of the
Horizontal support around 0.5917
A local bullish rebound
Is to be expected
LONG🚀
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GBP-CAD Will Grow! Buy!
Hello,Traders!
GBP-CAD is trading in an
Uptrend and the pair
Made a bullish breakout
And a pullback so affter
The retest of the broken
Falling resistance which
Is now a support we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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GBP_AUD BULLISH BREAKOUT|LONG|
✅GBP_AUD is going up now
And the pair made a bullish
Breakout of the key horizontal
Level around 2.0940 so as the
Breakout is confirmed we will
Be expecting a further
Bullish continuation
LONG🚀
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NZD-JPY Potential Long! Buy!
Hello,Traders!
NZD-JPY is going down
Now but the pair will soon
Hit a horizontal support
Level around 84.000 from
Where we will be expecting
A local bullish rebound
And a further move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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NZD-USD Long From Support! Buy!
Hello,Traders!
NZD-USD is making a local
Bearish correction but will
Soon hit a horizontal support
Around 0.5915 from where
We will be expecting a
Local bullish rebound
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.
WTI OIL Bearish Cross confirming more selling ahead.WTI Oil (USOIL) has been trading within a Channel Down pattern since the December 06 2024 Low. The last Bearish Leg started on a 1D MA200 (orange trend-line) rejection and was confirmed with a 1D MACD Bearish Cross 3 days after.
At the moment we have had a 1D MA50 (blue trend-line) rejection and today we will complete a new 1D MACD Bearish Cross. As a result, we almost have a new sell confirmation. Once completed, sell and target $53.50 (-19% from the point of the rejection).
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S&P500 repeating the 2019 recovery-Can hit 7000.The S&P500 index (SPX) is making a remarkable recovery as it completed yet another strong 1W green candle last week following the rebound on its Higher Lows Zone, near the 1W MA200 (orange trend-line).
This is a mirror price action with the last 1W MA200 rebound of the 2016 - 2019 Bullish Megaphone pattern, which not only recovered its previous All Time High (ATH) but also peaked on the 1.618 Fibonacci extension before the eventual 2020 COVID crash.
As a result, we believe that a 7000 Target is a very plausible one on the long-term.
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DXY: Will Go Up! Long!
My dear friends,
Today we will analyse DXY together☺️
The market is at an inflection zone and price has now reached an area around 98.933 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 99.097.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️