Professional Analysis: XAU/USD – GOLD Price Forecast :
📈 Professional Analysis: XAU/USD – GOLD Price Forecast 🟡
🗓️ Date: May 28–29, 2025 | ⏱ Timeframe: Intraday (Hourly)
🔍 Instrument: Gold vs. USD (XAU/USD)
📊 Technical Chart Summary
🟥 Resistance Zone:
📌 Level: $3,350 – $3,365
🛑 Price has rejected this zone multiple times, marking it as a strong supply area.
📉 Each test of resistance led to a pullback — showing seller strength 💪.
🟩 Support Zone:
📌 Level: $3,280 – $3,295
🛡 Multiple higher low bounces suggest this zone is being defended by buyers.
🔁 Price has formed 3 reaction lows, indicating accumulation 📥.
🔄 Structure & Pattern Recognition
🔺 Descending followed by Ascending Swings
⛳ Market shows a reversal attempt after forming a potential double bottom / triple test at support.
📈 Bullish structure forming with the latest swing creating a higher low.
📉 Past wave = Bearish Correction
📈 Current projection = Potential bullish impulse if the support holds.
📐 Projection & Price Action Forecast
📍 Current Price: $3,297.175
📈 Expected Move: Bounce off support → climb toward $3,330–$3,350 🔼
🧠 Rationale:
Price testing support again
Market respecting horizontal range
No clean breakdown yet
📊 Bullish Scenario (Primary)
🔁 Rebound off support
🎯 Target: Resistance zone ($3,350)
✅ Entry: Above $3,300 with bullish candle close
🛑 SL: Below $3,280
📉 Bearish Breakdown (Alternate)
❌ Break below $3,280
🎯 Target: $3,260 or lower
⚠️ Wait for confirmation candle
🔚 Conclusion
🟡 Gold (XAU/USD) is trading within a well-defined range with buyers stepping in near $3,290 and sellers near $3,355.
📌 Based on current technicals, there’s a higher probability of an upward move, unless support breaks decisively.
🛠️ Pro Tip:
💡 Use RSI + Volume to confirm momentum on breakout. Look for bullish divergence or volume surge near the bounce.
Technical Analysis
EUR/USD Technical Outlook (Read Caption)📈 EUR/USD Technical Outlook
🗓️ Date: May 28, 2025
🕒 Timeframe: Likely 4H
💵 Current Price: 1.13387
📍 Chart Zones & Market Structure
🟣 Support Zone (1.1280 – 1.1310)
🟢 Buyers Active!
✅ Strong demand visible with multiple bullish rejections (marked by green arrows).
🛡️ Market respects this zone – accumulation possible.
🧲 Acts as a springboard for upward moves.
🔴 Resistance Zone (1.1420 – 1.1450)
🔻 Sell Pressure High!
Repeated rejection at this level (red arrows 📉).
🚫 Strong resistance; previous highs couldn’t sustain.
⚠️ Price may pause or reverse here again.
📊 Price Action Pattern
📐 W-Pattern / Double Bottom Formation
The chart outlines a potential W-shaped recovery from support.
🔄 Suggests possible bullish reversal if neckline breaks around 1.1380.
🎯 Target post-breakout aligns with resistance zone (1.1420+).
🔮 Bullish Scenario (Blue Arrow)
💡 Plan: Break + Retest at 1.1380 = 🚀 Long Opportunity
📈 Target: 1.1420–1.1450 zone
📦 Entry confirmation: Bullish engulfing or strong breakout candle
🛑 SL: Below 1.1310
🧠 What to Watch
🔔 Key Economic Events Coming (🎯🇺🇸 & 🇪🇺 icons):
High volatility expected — align trades with fundamentals.
📅 News catalysts can validate or invalidate the technical setup.
🧭 Professional Tip
📌 "Structure first, signals second"
Let the price react at key zones before entering.
Patience + Reaction = Precision Trades 🧠📊
✅ Conclusion
The market is in a neutral-to-bullish phase, trading between well-defined support and resistance. With a clean structure forming and economic events lining up, it’s a great moment to stay alert, plan your entries, and execute only with clear confirmation. 🎯📉📈
Nightly $SPY / $SPX Scenarios for May 30, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 30, 2025 🔮
🌍 Market-Moving News 🌍
🤝 Debt-Ceiling Deal Advances
The U.S. House passed a bipartisan framework extending the federal borrowing limit through September, easing immediate default fears and lifting risk assets.
📉 Bond Yields Retreat
After surging above 4.6% earlier this week, the 10-year Treasury yield dipped back toward 4.5%, helping equities recover from recent rate-driven pullbacks.
⛽ Oil Inventories Jump
API data showed a 5.2 million-barrel build in U.S. crude stocks last week, sending oil prices lower and weighing on energy sector names.
🚗 Tesla Price Cut Spurs EV Rally
Tesla ( NASDAQ:TSLA ) cut Model 3 prices by 3% in the U.S., igniting a broader EV stock rally as investors priced in renewed demand ahead of summer driving season.
📊 Key Data Releases 📊
📅 Friday, May 30:
8:30 AM ET: Personal Consumption Expenditures (PCE) Price Index for April
Measures core inflation trends—Fed’s preferred gauge of consumer-price pressures.
10:00 AM ET: Pending Home Sales for April
Tracks signed contracts on existing homes; a leading indicator for the housing market.
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Litecoin Is Forming A Bullish PatternLitecoin with ticker LTCUSD made nice and clean five-wave recovery back to 100 area in the 4-hour chart, which confirms support in place and bullish reversal, so it can be a higher degree wave (1), thus more upside is expected for a higher degree wave (3) after current complex W-X-Y correction in wave (2) that can be in final stages. First support is here around 90-85 area, while second deeper one would be at 80 area.
Gold Strong Pullbacks But Long Term Image Still Bullish!!!Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3,200 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3,200 support and resistance area.
Trade safe, Joe.
EURGBP Bullish Structure Analysis – Channel Breakout + Target🧱 1. Market Structure Breakdown
EURGBP has been trading within a descending channel, forming consistent lower highs and lower lows, which indicates a short-term bearish trend. However, price action recently broke out above the upper boundary of this channel, suggesting a potential bullish reversal or trend correction.
This breakout marks a significant structural shift in market behavior.
🔵 Old Structure: Bearish, confined within the channel
🟢 New Structure: Bullish breakout above trendline + key resistance zone
🧩 Implication: Change in directional bias; potential for long opportunities
📍 2. Breakout Confirmation
The breakout was confirmed by:
A strong bullish impulse candle that closed above the descending trendline
Price sustaining above previous resistance (~0.8405)
Increase in bullish volume at the breakout point (if volume indicator is used)
This suggests that the breakout is genuine, not a false spike or liquidity grab.
🌀 3. Retest Phase – The Critical Zone
After breaking out, the market is now pulling back to retest the previous structure. This is a textbook price action move:
🔄 What’s Being Retested?
✅ Upper boundary of the descending channel
✅ Major horizontal support/resistance zone (~0.8405–0.8415)
✅ Broken trendline from previous lower highs
✅ QFL base (Quasimodo level that was swept)
✅ 50% Fibonacci retracement of the breakout move
This zone forms a multi-level confluence area, making it a strong support for potential long entries.
🔍 4. Key Technical Observations
Element Description
📐 Descending Channel Defined the prior bearish structure. Breakout invalidates this bias.
🧱 Trendline Retest Acts as dynamic support; price currently sitting on it.
🔃 SR Flip Zone Old resistance (~0.8405) turned into support—critical level.
📊 Fib 50% Retracement Provides technical alignment with potential buying interest.
📌 QFL/Order Block Zone Historical demand was swept and now being respected again.
🎯 5. Target Levels & Trade Plan
If the structure holds and the price responds bullishly from the current zone, the next levels of interest are:
✅ Primary Target – 0.8460
A clear supply/liquidity zone from previous structure highs
Also aligns with psychological round number and Fib extension
⚠️ Interim Target – 0.8430
Previous intra-channel resistance level
May serve as a short-term reaction point
❌ Invalidation Level
A clean break and close below 0.8390 would invalidate the breakout structure
This would reintroduce bearish pressure and signal a potential fakeout
🧠 6. Trade Idea (Not Financial Advice)
Entry: Around 0.8405–0.8415 on bullish confirmation (e.g., engulfing candle, pin bar, break of minor downtrend)
Stop-Loss: Below 0.8390 (beneath structure & invalidation point)
Take-Profit 1: 0.8430
Take-Profit 2: 0.8460
This offers a high R:R opportunity if managed with proper confirmation.
🧭 7. Risk Management & Considerations
Avoid entering prematurely without a bullish signal (e.g., pin bar, engulfing, RSI divergence).
Monitor macroeconomic news—especially from BoE or ECB—as they can disrupt technical setups.
Scaling into the position or using a split TP strategy can help protect profits.
✅ Conclusion
This EURGBP setup is a textbook case of market structure trading:
A well-defined channel breakout
Followed by a clean pullback to structure
With confluence across horizontal, diagonal, and Fibonacci levels
If price respects this zone, bulls could drive toward 0.8460, offering a solid opportunity for traders who understand structure-based setups.
📌 Always wait for confirmation—structure gives us context, but entries need price action signals to minimize risk.
USDCAD: Bearish After the News 🇺🇸🇨🇦
USDCAD looks bearish after a release of today's fundamental news.
A bearish breakout of a rising channel on a 4h time frame
and a strong selling reaction after its retest provide
a reliable bearish continuation.
I think that the price may drop to 1.3743 support.
❤️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.
EURUSD Structural Analysis | Curve Breakout to Key Reversal Zone🔍 Structure Analysis:
The EURUSD pair has been exhibiting classic smart money behavior following a reaccumulation phase beneath a curved resistance structure. This curve acted as a dynamic liquidity ceiling, engineered to trap breakout traders during early sessions and encourage early shorts — only to be invalidated later by institutional momentum.
What we now see is a clean structural breakout, a shift in market sentiment, and a precision drive toward premium liquidity zones, where we expect reactions from institutional orders or profit-taking.
📐 Technical Breakdown:
🔹 1. Curved Resistance Breakout (Trend Manipulation Layer)
The curve represents a multi-touch descending resistance line that was gradually compressing price.
Multiple rejections created a false sense of bearish continuation, but in reality, smart money was accumulating positions under the curve.
The final breakout was impulsive and occurred on elevated volume, breaking both the curve and a short-term bearish structure.
🔹 2. Bullish Market Structure Confirmation
Higher highs and higher lows are now clearly established.
After the curve break, the price pulled back slightly, respecting the new trendline support — a sign of retest behavior and continuation.
The previous internal structure break was confirmed after a key swing high was violated, flipping the order flow to bullish.
🔹 3. SR Interchange + QFL Demand Zone
The 1.11800–1.12200 zone held firm during the retracement, previously acting as a strong resistance and now a support flip.
This zone coincides with a QFL-style accumulation base — a concept based on sudden dips into support where big orders are filled before sharp reversals.
Wick rejections and candle closes show strong interest by buyers.
🔹 4. Trendline & Structure Alignment
A clean ascending trendline is acting as dynamic support.
Each touch on the trendline has been followed by bullish expansion — another indication of institutional order flow support.
This trendline also aligns with internal FVGs (Fair Value Gaps), offering more confluence.
🔹 5. Liquidity Magnet: Next Major Zone
The next key area is marked around 1.15500–1.15750, which is a previous structural high, order block, and likely liquidity pool for pending sell-side orders.
This area is expected to act as a magnet, pulling price toward it before a potential reversal or redistribution phase begins.
📊 Trade Management Plan:
Parameter Details
Bias Bullish (Short-Term to Mid-Term)
Entry Zones Retest of trendline or minor FVGs
TP1 1.14500 (interim supply)
TP2 (Main) 1.15500–1.15750 (major liquidity zone)
SL Below 1.11800 (invalidates bullish idea)
RR Target 1:2.5 to 1:3 depending on entry precision
🧠 Concepts Applied:
Smart Money Concepts (SMC)
Break of Structure (BOS) & Change of Character (CHOCH)
Curve Manipulation / Compression
SR Flip (Support-Resistance Interchange)
QFL (Quasimodo Failure Level)
Trendline + FVG Confluence
Liquidity Pool Targeting
Volume Expansion Breakout Confirmation
🛎️ Watchlist Notes & Trade Expectations:
Expect short-term pullbacks into the 1.13000–1.13200 zone for liquidity re-tests.
Watch for reaction or sweep near 1.15500 — this is where short-term sellers may enter, and institutions may offload.
If price holds above the trendline and consolidates near the high, a continuation leg to even higher targets (1.16500) is possible — depending on macro conditions.
✅ Conclusion:
This EURUSD setup is a high-probability opportunity shaped by smart money behavior and deep structural context. The combination of the curve breakout, trendline strength, and liquidity targeting provides a clear roadmap for execution and management.
Use this analysis as a framework — always confirm with price action and risk management aligned with your personal strategy.
EURUSD | Bearish Divergence | Bearish MomentumCurrently, EURUSD is clearly in a downtrend, consistently forming lower lows and lower highs, confirming a bearish market structure. According to Dow Theory, the recent bullish momentum has now shifted into a confirmed downtrend. Additionally, the 1-hour trendline support has been broken, signaling weakness in the previous bullish leg. We now anticipate a pullback toward the recently broken structure or resistance zone, where further bearish continuation is likely.
On the 1-hour timeframe, a well-formed bearish divergence on the RSI adds confluence to our bias, indicating weakening bullish momentum and a potential trend continuation to the downside. Since our initial entry was slightly late, we’ve strategically placed a limit order near the retest zone and executed a partial position at the current market price to secure early exposure. Overall, structure and momentum both align with short-term bearish sentiment.
Yen Strengthens Beyond 144 on InflationThe Japanese yen rose past 144 per dollar, extending gains after Tokyo’s core inflation beat expectations, increasing the likelihood of a 25 bps BOJ rate hike in July.
BOJ Governor Kazuo Ueda said recent forecast adjustments were due to global risks and lower oil prices but reaffirmed the short-term policy stance remains focused on the 2% inflation goal. The yen also gained from safe-haven flows after a U.S. court reinstated Trump’s reciprocal tariffs.
Resistance is at 144.50, with further resistance at 145.40 and 146.10. Support levels stand at 143.50, 143.00, and 142.10.
JPYUSD Technical Analysis | (MMC) in Play + Target🟦 1. Structure & Price Action Overview
The chart is of JPY/USD on the 2-hour timeframe, showing a clear picture of price movement over several weeks.
We see three major market phases:
Range/Resistance Phase (Left side of chart)
Uptrend Phase (Middle – rising channel)
Reversal Setup (Right side – potential bearish move forming)
📈 2. Uptrend Channel (Accumulation to Expansion Phase)
From around May 13th, price started forming higher highs and higher lows, respecting a bullish channel (light blue shaded area).
This is a classic ascending channel, often seen during a controlled uptrend where buyers are still in control but momentum is slowing.
The channel took price directly into the resistance zone (marked in purple at the top).
🚫 3. Resistance Zone Rejection (Key Supply Zone)
Once price hit the resistance zone (~0.00705), it failed to break higher.
This level had previously caused sharp drops, so it's a well-established supply zone.
Price was rejected and dropped sharply, breaking out of the ascending channel – a strong bearish signal.
🔄 4. Mirror Market Concept (MMC) – Curve Bending Pattern
After the initial drop, price attempted a bounce, but couldn't even reach previous highs.
The curved arrow labeled "Curve Bending" shows how the market is “bending” its momentum – not pushing upward anymore but turning into a reversal.
This forms the mirror of the previous rise – indicating the market is ready to “mirror” that previous bullish leg, but to the downside.
🔄 5. SR Interchange (Support Flipped Resistance)
The previous demand zone (around 0.006950–0.007000), where buyers pushed price higher during the uptrend, is now acting as resistance.
This is called an SR Flip (Support becomes Resistance) – a very reliable technical sign of trend reversal.
🎯 6. Bearish Target Projection
Based on MMC and symmetry of past movements, the chart is projecting a strong drop toward the 0.006800 support zone.
This zone is also historically significant and acted as a demand area earlier.
The black arrow and target box show this expected move, which aligns with the mirror structure.
🧩 Conclusion & Trade Plan
Bias: Strong Bearish
Confirmation : Channel break + rejection at resistance + curve bending
Trigger: Price fails to reclaim 0.00700 and breaks below 0.006930
Target: 0.006800
Invalidation : Clean break & hold above 0.007050
🛡️ Pro Tips:
Don’t just jump in — wait for bearish confirmation (like a bearish engulfing candle, or a failed retest).
Always set your SL (Stop Loss) above the resistance zone (~0.007050).
Let the setup come to you — don’t force trades.
WTI Crude Oil – Bearish Elliott Wave SetupOn the 15-minute chart, I’m tracking a corrective rally in wave (ii) heading toward the 0.618 Fib zone (around 62.2–62.3) before the next major leg lower.
🔻 Bearish target: 52.00
📈 Looking for the final push up before confirming downside continuation.
💬 What are your thoughts on this Elliott Wave count?
For more updates and ideas, check my profile bio!
#WTI #CrudeOil #elliottwave #priceaction #technicalanalysis
What to expect from WTI oil in the near term?We are currently not doing anything with WTI oil, but monitoring it very closely.
Let's dig in!
TVC:USOIL
MARKETSCOM:OIL
Let us know what you think in the comments below.
Thank you.
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XAGUSD Analysis Using MMC | Breakout & Reversal + Target🧠 What the Chart is Telling Us:
Today’s Silver (XAGUSD) price action presents a powerful combination of structural breakout, pattern continuation, and mirror market behavior. Let’s break it down step-by-step so you understand the full picture.
🔸 1. Black Mind Curve Resistance Breakout
At the top-left of the chart, we see a curved descending resistance line (referred to as “Black Mind Curve”). This line has acted as a long-term dynamic resistance, consistently rejecting price action across multiple sessions.
However, after several failed attempts, the price finally broke above this resistance curve—a highly bullish signal. This breakout marks the beginning of a structural shift, where the bearish control starts to weaken and buyers gain momentum.
🔸 2. Support Level and Accumulation
Near mid-May, the price formed a solid horizontal support level. This level was tested multiple times but held firm, suggesting strong accumulation by smart money. According to MMC principles, these accumulation zones are mirrored later as breakout points—which is what we see play out in the chart.
🔸 3. Pennant Pattern Emergence
After the initial curve breakout, the market entered a tight consolidation, forming a Pennant Pattern. This is a continuation pattern formed when the market briefly pauses after a big move.
This pennant acts as a resting phase before another strong impulse—buyers are catching their breath, preparing for a second attack.
🔸 4. Breakout and Candle After Effect (AE)
Once price broke the pennant pattern, we saw an aggressive breakout candle (marked as AE – After Effect). This large candle is a classic liquidity candle that confirms buyer dominance.
In MMC terms, this AE candle reflects momentum that mirrors the impulse leading into the pennant, indicating that the second move will often match the first one in structure or magnitude.
🔸 5. Major Resistance + Break of Structure (BOS)
Above the breakout zone lies a key resistance area, which has now been broken. This is a Break of Structure (BOS) confirming that the market has flipped from a bearish to bullish structure.
This zone, once resistance, may now act as support in future pullbacks—a concept central to Mirror Market Theory, where historical resistance becomes future support (and vice versa).
🔸 6. Reversal Zone Target
The chart shows a projected move toward the Reversal Zone between $34.00–$34.50. This zone aligns with:
Previous highs from historical market structure.
Mirror levels when flipped across the midrange of the price action.
Possible liquidity zones where large institutions may look to reverse or take profits.
This Reversal Zone is where we can expect potential exhaustion in the bullish run, signaling a pause or a minor correction.
📌 Summary of Analysis:
✅ Bullish Confirmation Points:
✅ Breakout above long-term resistance curve
✅ Bullish Pennant Pattern followed by AE breakout
✅ Break of major horizontal resistance (BOS confirmed)
✅ Target toward reversal zone in line with MMC reflection logic
⚠️ What to Watch:
Price action behavior near $34.00–$34.50
Potential bearish engulfing or liquidity sweep in the reversal zone
RSI/Volume divergence signals near top zones
🎯 Final Thoughts:
The Silver market is showing clear bullish momentum supported by strong technical confluence and MMC-based mapping. The current structure favors continuation to the upside, but traders should manage risk as we approach reversal zones where large players may start offloading positions.
🧠 Mirror Market Concept Reminder:
MMC is a strategy based on the mirroring of market behavior—where price levels, patterns, and reactions tend to reflect past structures either directly or inversely. It’s highly effective in spotting key reaction zones, target extensions, and reversals.
💬 What’s Your Take?
Do you agree with this bullish projection, or do you see weakness ahead? Let me know in the comments! And don’t forget to like & share this idea if you found value in it. 🚀
USDJPY – Supportive news, price may break resistance soonUSDJPY is supported by positive U.S. economic data, as the PCE index remains elevated—reinforcing expectations that the Fed will keep interest rates higher for longer. This has boosted bond yields and the USD, driving USDJPY upward.
On the H3 technical chart, USDJPY has rebounded from the support zone around 143.680. Both the EMA 34 and EMA 89 lie below the price, reinforcing the recovery momentum. The pair is now expected to approach the 146.000 resistance area—where it intersects with the long-term descending trendline that has rejected price at least twice before.
If buying pressure holds and 146.000 is decisively broken, a short-term bullish trend will likely be confirmed. However, another rejection could lead to a retest of the previous support zone. Overall, the current trend slightly favors the buyers.
EURUSD – Bullish trend at risk amid PCE and technical pressureEURUSD has just reached the 1.13860 resistance zone – a confluence with the previous peak and former supply area. A weak rebound and a rounding top pattern are gradually forming, indicating weakening buying momentum. The 34 and 89 EMAs on the H4 chart add further pressure from a technical perspective.
If the price continues to be rejected at 1.13860, it may drop toward 1.12670 – which aligns with the ascending trendline support. A break below this level would confirm a clearer bearish trend.
The upcoming Core PCE data is forecasted to rise – indicating inflation remains elevated. This raises the likelihood that the Fed will maintain high interest rates for longer, supporting the USD and weighing on EURUSD.
AUDJPY 240 MINS TIME FRAME - MY VIEWThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard XAUUSD PLAN – Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard
After a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.
🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUS
Trade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.
The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.
Dollar Index (DXY) remains range-bound, offering no clear direction.
Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.
📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACT
Gold is respecting a downward sloping channel on the H1 timeframe.
Price failed to hold above EMA 200, reinforcing bearish bias.
EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.
Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.
🔑 KEY PRICE LEVELS TO WATCH
🔴 SELL ZONE: 3322 – 3324
Stop-Loss: 3328
Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280
🟢 BUY ZONE: 3266 – 3264
Stop-Loss: 3260
Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300
⚡ BONUS SCALP SETUPS
Support Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)
Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.
📌 STRATEGY NOTES
Priority: Short-term sell bias unless price reclaims 3310 with momentum.
Avoid trading in the mid-range; wait for price to reach key reaction zones.
Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.
BTCUSD Breakdown from Pennant – MMC Structure Analysis + Target🧠 Introduction: Why This Chart Matters
Bitcoin recently provided a textbook example of market manipulation, where the price action formed a bullish-looking pattern (Pennant), trapped traders with a fake breakout, and then reversed strongly to the downside. By using Mirror Market Concepts (MMC), we can clearly see the logic behind this move—how the market mirrored a previous pattern and fulfilled a predictable target zone.
This analysis breaks it all down, step-by-step, for both educational and practical trading purposes.
🔍 Detailed Chart Breakdown:
1️⃣ The Illusion – Bullish Pennant Formation
Initially, BTC/USD formed what looked like a bullish pennant—a common continuation pattern in technical analysis. The pattern appeared after a sharp upward move, followed by converging trendlines suggesting consolidation.
Retail traders often anticipate a breakout above the pennant as a sign of bullish continuation. This is where the trap begins.
Why It’s a Trap: The pattern looked clean and reliable—but the context told another story. This move was designed to lure breakout traders into long positions right before a reversal.
2️⃣ The Fakeout – Liquidity Grab Above the Pattern
Shortly after the pennant formed, price pushed above the upper trendline, triggering breakout entries and stop losses of short-sellers. But instead of continuing up:
The price reversed sharply.
This aggressive move confirmed the fakeout.
This is a classic example of a liquidity hunt, where the market moves briefly in one direction to gather orders before executing the real move.
📌 MMC Insight: This behavior mirrors a prior setup—price previously faked upward, then dropped to a key demand zone. The mirror pattern gives a clue that the same outcome might repeat.
3️⃣ CHoCH – Change of Character Confirmed
After the fakeout, BTC broke below a key internal support and trendline structure, signaling a CHoCH (Change of Character)—a shift from bullish to bearish market control.
This moment is crucial:
It confirms the smart money’s intention.
It signals that the previous bullish move was just a setup.
Sellers now have control.
💡 Pro Tip: CHoCH is one of the earliest and most reliable signs of a reversal when combined with liquidity patterns.
4️⃣ Trendline Break & Structural Sell-Off
The break of the trendline following CHoCH solidified the bearish direction. This was the best confirmation-based entry point, as the structure flipped and began forming lower highs and lower lows.
5️⃣ Target Fulfilled – Previous Demand Zone Hit
The price then continued down aggressively and hit the marked MMC target zone. This area coincided with:
A previous demand zone (where buyers stepped in before).
A Mirror Market reversal point, seen earlier in the chart.
This fulfillment of the MMC target validates the entire analysis—from trap to reversal to target.
🎯 Key Zones:
Fakeout High: $69,600 area (liquidity sweep)
CHoCH Break Level: Around $69,100
Trendline Break Confirmation: $69,000
Final Target Zone: $68,500–$68,700
📈 Trading Strategy Recap:
Entry Idea: Enter short after CHoCH and trendline break
Stop Loss: Above fakeout high ($69,600+)
Take Profit: MMC demand zone ($68,500–$68,700)
This trade offered excellent risk-to-reward and confluence using multiple tools (MMC, CHoCH, structure, liquidity sweep).
🧠 What You Can Learn from This Setup:
Patterns Can Lie: A pattern like a pennant isn’t enough—context is key.
Liquidity Is King: Understand where the market needs to go to collect orders.
Mirror Market Concepts Work: Historical behavior often repeats in reverse. Use MMC to forecast likely outcomes.
CHoCH is Powerful: It's your early alert system for trend changes.
🔎 Final Thoughts:
This BTC/USD chart is a powerful example of how smart money operates—with manipulation, pattern traps, and mirrored market behavior. If you’re a price action trader or use MMC, this breakdown is a must-study.
Don't just trade patterns—trade context. Look for traps. Use MMC. Watch CHoCH. And always have a mapped target based on structure.
XAU/USD – Gold Analysis Using MMC & Structural Mapping + Target🔎 Market Narrative:
Today’s GOLD analysis is crafted through the lens of Mirror Market Concepts (MMC)—a powerful strategy where historical price behavior is mirrored in the current chart structure. This is combined with traditional structural analysis, offering a clear view of current price behavior, key breakouts, and target levels.
We’re currently seeing an interesting scenario unfold where the market structure is shifting from bearish to bullish, aligning with mirrored reactions from previous key zones.
🧠 MMC Breakdown & Price Psychology:
🔄 Mirror Reaction:
Notice how the market mirrored a previous aggressive sell-off with a similar bullish recovery. This “reflection” is a hallmark of MMC—where market sentiment repeats itself, but in opposite directions.
The "Previous Targets" zone acted as a key SR Interchange (support-turned-resistance / resistance-turned-support). Price dropped into this zone and bounced with strong bullish momentum, signaling smart money accumulation or potential liquidity grab before reversal.
🧱 Structural Analysis:
🔹 Trendline Observation:
A key trendline (drawn from the recent swing highs) was clearly broken, confirming that the bearish structure has shifted into a bullish one. The breakout was followed by a retest, further strengthening the validity of this move.
🔹 Support/Resistance Flip (SR Interchange Zone):
The Blue Ray zone marked on the chart is critical. This area held as support in the past and again acted as a launchpad for the recent upside move.
🔹 Previous Targets Reclaimed:
After hitting the previous support zone, price reversed sharply—another MMC principle in play. These zones often serve as liquidity magnets and reaction zones, where institutional traders are active.
📍 Key Levels To Watch:
✅ Current Support: $3,289–$3,295 (Previously broken resistance, now acting as support)
🎯 Immediate Target Zone: $3,310–$3,320
(This is where the price is expected to face short-term resistance. If broken, the next mirror move could extend further.)
🔻 Trendline Confirmation Level: $3,296
(Holding above this confirms bullish bias short-term)
🛠️ Trading Plan / Bias:
Bias: Bullish
Entry Idea: Look for bullish continuation above $3,296 after minor consolidation or retest
Risk Management: Place stop-loss just below $3,289 (previous demand zone)
Take-Profit: $3,310 – $3,320 zone initially
⚠️ Risk Consideration:
Gold can be volatile, especially during news events. Always assess macroeconomic factors (like Fed policy, NFP, CPI, etc.) and manage your trades with solid risk-to-reward ratios.
🧠 Final Thoughts:
This chart is a great example of how Mirror Market Concepts (MMC) can work hand-in-hand with price action and structure to provide clean, repeatable setups. By understanding the psychology behind price mirroring, we can better anticipate turning points and entry zones—especially when the structure confirms it.
Whether you’re a day trader or swing trader, this concept adds a layer of confluence to your technical analysis toolkit.
EGX30 Increases by 0.62%EGX30 stock has jumped to an upper region, and it's apparent that this has been a gradual upward trend due to a mutual connection between positive fundamental news and the technical candlestick analysis. It has already breached the resistance line of 32,621.248 and reached the maximum at 32,695.736 points. On a personal level, I expect it to rebound not because of any negative news but because of taking into consideration the short-term history patterns. In case of rebounding, it may reach the support line 32,536.119, the support line 32,408.426, then the support line 32,376.503. In conclusion, EGX30 is increasing in the pink region by 0.62%.
KO 1D — A Diamond Not Yet Broken, But Already CrackingOn the daily chart of Coca-Cola, a classic diamond top structure is forming — not yet completed, but clearly visible. The market expanded its range in the initial stage, then began to compress into a tighter zone, creating the typical shape of a diamond. This isn’t a continuation pattern — it’s the setup phase for redistribution.
The key level sits at $68.50 — the base of the diamond. As long as this line holds, the pattern remains inactive. But current price behavior says more than enough: weakening momentum, falling volume, and a lack of aggressive follow-through on recent highs. This isn’t accumulation — it’s preparation.
Price is currently trading between the MA50 and MA200, signaling a neutral phase with downside risk. The moving averages are narrowing, but no crossover has occurred yet. That’s critical — the trend isn’t broken, but it’s clearly losing energy. If $68.50 gives way, the measured move from the pattern projects a decline toward $61.82.
From a fundamental standpoint, Coca-Cola remains stable — but uninspiring. Earnings met expectations, revenue was steady, and no major catalysts are visible. In this type of environment, technical structure often becomes the tool for institutional rotation — not because the story collapsed, but because the setup makes sense.
The edges of the diamond are in place. All that’s missing is the break. If the neckline fails, the downside scenario is already built — structurally and logically.
EUR/CHF Triangle Setup- Breakout or Breakdown ImminentThe EUR/CHF pair is currently consolidating within a triangle pattern on the 1-hour chart. This type of pattern typically forms when neither buyers nor sellers are in full control, leading to a tightening price range between descending resistance and ascending or flat support. In this case, the resistance trendline (marked in red) is sloping downward, while the support zone (highlighted in green) remains relatively flat around the 0.9330–0.9335 region.
The repeated tests of both resistance and support lines suggest that a major breakout or breakdown is likely approaching. The height of the triangle (measured from the initial impulse move) provides the basis for projecting potential breakout and breakdown targets.
🔼 Breakout Scenario (Bullish):
If price breaks above the descending resistance line, especially with volume confirmation, it may trigger a bullish move toward the breakout target of 0.9406. This level is calculated by adding the height of the triangle to the breakout point. Traders could look for buying opportunities upon breakout with stops placed below the breakout candle or just under the triangle.
🔽 Breakdown Scenario (Bearish):
Alternatively, if price breaks below the flat support zone, a bearish continuation is expected, targeting 0.9281, which is derived by subtracting the triangle's height from the breakdown level. This would indicate sellers regaining control, and the pair may revisit recent swing lows. A breakdown with strong bearish candles would validate this move.
📌 Strategy Notes:
This is a neutral-to-directional setup, meaning traders should wait for a confirmed breakout or breakdown before entering.
Volatility contraction inside the triangle typically precedes an explosive move.
Entry can be taken post-breakout with volume, or with a retest of the broken trendline for confirmation.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#NIFTY Intraday Support and Resistance Levels - 30/05/2025Nifty is expected to open flat around the 24800–24850 range. The market has shown signs of recovery from lower levels, and if it manages to hold above the 24800–24850 support zone, we can expect a continuation of upward momentum. In that case, possible intraday upside targets are 24900, 24950, and a breakout beyond 25000 could extend the rally toward 25150, 25200, and 25250+ levels.
However, if Nifty fails to sustain above 24800 and faces resistance near 24900–24950, a pullback may occur. A confirmed breakdown below 24700 would signal weakness and could trigger a fresh round of selling. In such a scenario, downside targets would be 24650, 24600, and possibly 24550.
Today’s session may start off sideways with consolidation between key levels. Wait for clear confirmation above 24850 for longs or below 24700 for shorts. Keep trailing your stop-loss and book partial profits near every target zone.