Ethereum Rebounds from Key Confluence Zone$ETH/USDT Weekly Chart Analysis
Ethereum is holding a major long-term uptrend as the price bounces off the ascending trendline support. This level also aligns with a strong historical resistance-turned-support zone, adding more confluence to the current bounce.
As long as ETH stays above this structure, it suggests a potential macro bullish continuation, with eyes on the upper resistance line near $3,200–$3,500.
A strong defense at this zone reinforces long-term bullish sentiment.
Trend Analysis
GOLD recovers to initial target, confirmation point continuesOANDA:XAUUSD surged in the first half of trading on Monday (May 5), briefly surpassing the $3,270/ounce mark and marking a daily gain of more than $30. as uncertainty over U.S. tariffs spurred safe-haven flows, supporting gold prices. The Federal Reserve’s interest rate cut in June is also boosting the appeal of non-yielding gold.
Bloomberg reported on Monday that US President Donald Trump plans to impose a 100% tariff on all foreign-made films, which is not a huge deal, but it does escalate the trade war. "I am authorizing the Department of Commerce and the United States Trade Representative to immediately begin proceedings to impose a 100% tariff on all foreign-made films imported into the United States," Trump wrote on his Truth Social social media platform. "We want our movies made in the USA again!"
Gold prices have risen nearly 25% this year, hitting a record high above $3,500 an ounce in April, but have retreated in recent weeks. Bloomberg notes that factors driving gold’s recent rally include safe-haven buying fueled by Trump’s destructive trade and geopolitical policies, as well as speculative demand from China and buying by global central banks.
According to CME's "Federal Reserve Watch" on May 5: The probability of the Federal Reserve keeping interest rates unchanged in May is 96.8%, and the probability of cutting interest rates by 25 basis points is 3.2%.
The probability of the Federal Reserve keeping interest rates unchanged until June is 63.3%, the probability of cutting interest rates by 25 basis points is 35.6%, and the probability of cutting interest rates by 50 basis points is 1.1%.
Technical outlook analysis OANDA:XAUUSD
On the daily chart, gold is still bullish as the price action remains above the important support EMA21. At the same time, the price channel that is noted as the main long-term trend channel remains stable.
On the other hand, the Relative Strength Index (RSI) is also showing signs of weakness as it falls to approach the 50 level, which is noted as the closest support in terms of momentum.
Going forward, if gold rebounds above $3,245, it could rebound to the short-term target of $3,267, more than the 0.382% Fibonacci retracement level, and then the full price point of $3,300.
As long as gold remains within the price channel, its long-term trend remains bullish, but the risk of a deeper correction is when the 0.50% Fibonacci retracement level is broken below, once this level is broken below gold is at risk of further selling to $3,163 in the short term. This also means that technically gold is in an ideal support area for bullish expectations, long positions should be protected below the 0.50% Fibonacci retracement level.
In the coming period, gold has technical conditions that favor a bullish recovery, and the notable points will be listed as follows.
Support: 3,245 – 3,228USD
Resistance: 3,267 – 3,270 – 3,292USD
SELL XAUUSD PRICE 3304 - 3302⚡️
↠↠ Stop Loss 3310
→Take Profit 1 3296
↨
→Take Profit 2 3290
BUY XAUUSD PRICE 3173 - 3175⚡️
↠↠ Stop Loss 3169
→Take Profit 1 3181
↨
→Take Profit 2 3187
Wave V in PlayThe market appears to have completed a corrective wave IV, forming an ABC structure that tapped into the key demand zone around 20,025.1. This zone aligns with previous structure support, the lower boundary of the ascending channel, and a critical trendline.
🔍 Likely scenario:
If price holds above this level, we could be witnessing the beginning of wave V, with potential targets near 20,254.5.
Wave V is expected to unfold in 5 smaller internal waves and may extend further if price breaks through the mid-channel resistance.
🚨 🔺 CRUCIAL LEVEL TO WATCH: The 20,215 area is extremely important. Price reaction here will be decisive:
A strong rejection could signal a truncated wave V or the start of a deeper correction.
A clean breakout would confirm bullish continuation toward 20,254.5 and beyond.
🟢 Key Zones:
📌 Demand: 20,025 – 20,000
📌 Critical Resistance: 20,215
📌 Wave V Target: 20,254.5
📌 Invalidation level: A drop below 19,975 would invalidate the current bullish count.
📌 Trade Plan:
Look for bullish confirmation at 20,025 to consider long setups.
Watch 20,215 closely for signs of strength or rejection. If price breaks above it with momentum, continuation is likely.
USD/JPY BEARS ARE GAINING STRENGTH|SHORT
USD/JPY SIGNAL
Trade Direction: short
Entry Level: 144.163
Target Level: 139.852
Stop Loss: 147.018
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 15h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Hanzo | Gold 15 min 3315 – Next is bearish Move🆚 Gold – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bearish Reversal at 3317
We are watching this zone closely. Expecting Reversal
———
Analysis
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 3265
• Liquidity Grab + CHoCH at 3318
• Strong Rejections seen at:
➗ 3270 – Major support / Key level
➗ 3325 – Proven resistance
🩸 Key Zones to Watch:
• 3272 – 🔥 Bullish breakout level X 7 Swing Retest
• 3325 – Strong resistance (tested 5 times)
• 3270 – Equal lows
• 3328 – Equal highs
EURUSD SHORT FORECAST Q2 W19 D5 Y25EURUSD SHORT FORECAST Q2 W19 D5 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Falling towards 50% Fibonacci support?AUD/USD is falling towards a support level, which is a pullback support that aligns with the 50% Fibonacci retracement, and could bounce from this level toward our take-profit target.
Entry: 0.6418
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.6394
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.6466
Why we like it:
There is a pullback resistance level.
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Brent Crude Opens with a Bearish GapBrent Crude Opens with a Bearish Gap
As shown on the XBR/USD chart, Brent crude oil opened this Monday morning around $59.00, forming a bearish gap relative to Friday’s closing price of approximately $61.40.
The current Brent crude oil price is near the yearly low reached about a month ago, following the announcement of Trump’s tariffs, which turned out to be significantly higher than expected.
Why Is Oil Falling?
As we noted on 30 April, market participants are closely watching news related to OPEC+. Over the weekend, during an online meeting (according to media reports), the following developments occurred:
→ It was stated that the current oil market is fundamentally healthy;
→ A decision was made to accelerate the pace of oil production increases.
According to the plan, output will rise by 411,000 barrels per day — with some believing this move is partly due to certain OPEC+ countries previously failing to adhere to production quotas.
Technical Analysis of the XBR/USD Chart
Oil price movements in 2025 form a descending channel (shown in red), with progressively lower highs and lows indicating bearish sentiment.
Although bulls may hope that the lower boundary of the channel could act as support, bears are showing signs of dominance (as indicated by arrows):
→ the median line of the channel previously acted as resistance;
→ now, similar behaviour is seen at line Q, which divides the lower half of the channel into two quarters;
→ the Rounding Top pattern also signals strong selling pressure.
Fundamentally, oil prices are supported by China’s willingness to negotiate tariffs with the US. However, considering the OPEC+ decision and ongoing fears of a global recession, the current downward channel on the Brent crude oil price chart is unlikely to lose relevance any time soon.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AUD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the AUD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.641.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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ETERNAL - Eternal Ltd. (2 hours chart, NSE) - Long PositionETERNAL - Eternal Ltd. (2 hours chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume structure integrity risk}
Risk/Reward ratio ~ 2.36
Current Market Price (CMP) ~ 240
Entry limit ~239 to 237 (Avg. - 238) on May 05, 2025
1. Target limit ~ 247 (+3.78%; +9 points)
2. Target limit ~ 251 (+5.46%; +13 points)
Stop order limit ~ 232.5 (-2.31%; -5.5 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
Ethereum (ETH): Waiting For Dominance By Buyers At $1,900Ethereum has formed a proper foundation from where we might see a good upward movement coming pretty soon; all we need is just to secure the $1,900, which then might send the price towards our target zones.
There is nothing much to talk about rather than waiting for the resistance zone and once we see that buyers will overtake that zone we are going to look for long positions here!
Swallow Academy
CRV Breakout Retest – Eyes on the Next Leg UpLSE:CRV has been trading within a well-defined ascending channel, showing a consistent bullish structure. Recently, the price broke above a key horizontal resistance level and is now retesting it—this is a classic breakout-retest scenario.
As long as CRV holds this support and remains within the channel, the bias stays bullish. A successful bounce from this zone could lead to a strong continuation toward the upper boundary of the channel or higher.
DYOR, NFA
Bullish bounce?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.1183
1st Support: 1.1051
1st Resistance: 1.1514
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My buy view for NVIDIA stock explained My buy view for NVDA.
If positive fundamentals continue to outweigh bad news, we are likely to see NVDA push further up towards $120, $130, $140, and then its previous peak of $150.
Trade with care if you are day trading, but this baby is still selling at discount in my view
Eyes Fresh Upside Within Ascending Channel 📈🟢 BTCUSD Eyes Fresh Upside Within Ascending Channel 🚀💰
No time to wait for the open – this dip might already be the setup! 🔍
Bitcoin continues to respect the ascending channel, with the latest touch on the lower boundary lining up perfectly with the 95,568 zone. Historically, each visit to this trendline has produced a strong bounce – and we can see it clearly through the green arrows across the chart.
As of now, price is holding just above the key support at 95,120, and unless we see a strong break below that level (with confirmation below 94,806), this looks like another textbook “buy the dip” scenario. 🛒
Upside targets remain:
🔹 97,432 – mid-channel resistance
🔹 99,161 – channel top, potential exhaustion zone
I’ll be watching for a minor pullback or consolidation (as shown), but I’m not waiting on the sidelines for the open – structure supports continuation. Don’t fight the trend when the channel is this clean. 📊
Key support levels to monitor on downside invalidation:
⚠️ 94,806
⚠️ 94,120
⚠️ 93,806
⚠️ 92,709 (channel invalidation below here)
Stick to structure, trust the levels, and respect the momentum. And if we end up under the channel remember it becomes resistance. Long ONLY over 95600 here.
One Love,
The FXPROFESSOR 💙
XRP is exhibiting a nice Reverse Dragon Pattern on the Daily.XRP has been doing its best impression of a yo-yo for quite some time now, but as you can see, XRP is also now showing a nice Reverse Dragon Pattern on the daily chart, which has the potential to be extremely bullish in the short to mid term.
The Dragon’s head is now forming on the daily chart, just above the upper trendline and, as I’ve discussed with my followers, has the potential for a strong bullish move upward—followed by a liquidation candle in the general area of the Weak Doji/Reverse Waterfall line—then a continuation move upward, likely back into the $3+ range over the course of the next couple of weeks in the month of May.
Good luck, and always use a stop loss when trading.