GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
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It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,617.629 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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SELL
JPY Struggles Amid Rising US Dollar StrengthThe Japanese Yen is struggling to capitalize on the boost from rising domestic inflation. Uncertainty surrounding the Bank of Japan's (BoJ) interest rate hikes, combined with an optimistic market sentiment and soaring US Treasury yields, has kept JPY under pressure.
Meanwhile, the US Dollar continues its dominance, hitting a new yearly high and providing further support to the USD/JPY pair. The relentless strength of the USD has bolstered buyers, leaving the Yen with little room to recover in the near term.
GBP/USD: Bearish Trend Targets Lower LevelsGBP/USD is currently trading around 1.2564, extending its bearish trend after breaking below a long-term ascending channel. The price is consolidating below the resistance zone at 1.2685, which previously served as a support level, now turned resistance. This area is critical as it aligns with the recent breakdown structure.
If GBP/USD retests the 1.2685 level and fails to break above, the bearish trend is likely to continue. The next major support lies around 1.2360, where buyers may attempt to regain control. However, a sustained bearish move could push the pair even lower.
On the upside, a break above 1.2685 could lead to a short-term recovery toward the resistance zone near 1.2880, but this remains less likely given the prevailing downtrend. Traders should focus on selling opportunities near resistance levels, with targets around 1.2360 and stops placed above 1.2700 to manage risk effectively.
EUR/USD: Bearish Continuation in FocusEUR/USD is trading around 1.0469, r1.0510-1.0540, which
If the price retests the resistance zone but fails to break above, a bearish continuation could follow. Initial targets lie at *1.0440, wi1.0400 a
Traders should monitor price action closely at the resistance zone. Short positions could be considered near 1.0510-1.0540, with stop-loss levels set above 1.0550 to manage risk while targeting the next bearish leg.
Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand.
Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties.
Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains.
What about you? Do you think gold will conquer this critical milestone?
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and ressitance area.
Trade safe, Joe.
EUR/USD Pressured: Bears Eye Further DeclinesThe EUR/USD pair remains under selling pressure as it hovers near the 1.0550 level, unable to break free from its bearish trajectory. The chart reveals a clear head-and-shoulders pattern, indicating potential downward movement. The pair recently tested the support zone around 1.0530, and while minor recoveries have occurred, they have been capped by the resistance at 1.0567, aligning with the 50-period EMA.
With a failure to sustain above the resistance levels, sellers could push the price further downward. A break below 1.0530 might pave the way for a retest of the 1.0500 psychological mark, and potentially lower, as momentum indicators signal growing bearish sentiment.
For buyers to regain control, a decisive breakout above 1.0567 would be required, invalidating the current bearish structure. However, the dominant trend remains firmly in favor of the bears, suggesting further downside risks ahead.
Gold price continues to increaseGold prices continued their upward adjustment today, marking a three-day streak of gains as heightened risk aversion fueled demand for safe-haven assets. This impressive rally comes despite the strengthening U.S. dollar, showcasing the precious metal's resilience in uncertain market conditions.
So far this week, gold has surged over 3.40%, with bullish momentum driving prices closer to the key $2,700 mark. As investors seek refuge from mounting geopolitical tensions and economic risks, gold remains firmly in the spotlight, reinforcing its role as a reliable hedge against market volatility.
USOIL Will Go Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 69.181.
Considering the today's price action, probabilities will be high to see a movement to 63.975.
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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USOIL SHORT FROM RESISTANCE
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USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 66.46 area.
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USD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are now examining the USD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.870 level.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
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It makes sense for us to go short on AUD/USD right now from the resistance line above with the target of 0.642 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59200 support and resistance area.
Trade safe, Joe.
Gold Prices Rebound but Bearish Trend DominatesGold prices extended their recovery momentum on Wednesday, gaining over 70 pips during the early session and hovering around $2,639.
While the precious metal shows signs of short-term strength, the broader trend remains favorable for sellers. Gold’s recent rally stems from a weakening U.S. dollar, as investors took profits following last week’s sharp dollar gains. Since gold is dollar-denominated, a weaker dollar makes it more attractive to buyers using other currencies.
Geopolitical tensions also continue to provide support, with the next target set at the $2,665 resistance level. Should gold breach this level, further recovery may follow. However, if resistance holds, the primary bearish trend suggests prioritizing selling opportunities.
Go Woke Go Broke TATA Motors. TATA Motors.
Are we going to be selling a huge push to the downside of TATA Motors, who The company produces cars, trucks, vans, and buses.
Subsidiaries include British Jaguar Land Rover and South Korean Tata Daewoo.
Due to Jaguars recent advertisement that has caused out rage on the Social media platforms. Do we see high stake investors leaving?
Fib is showing to us it can go all the way back down to $314 per share. This would be a massive 60% sell off.
Now of course TATA motors don't just do Jaguars but other motors as well.
DXY Will Move Lower! Short!
Here is our detailed technical review for DXY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 106.561.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 106.415 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.
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GOLD Is Bearish! Sell!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,634.92.
The above observations make me that the market will inevitably achieve 2,574.59 level.
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 SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on GOLD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 2,532.880.
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USD/CAD BEARISH BIAS RIGHT NOW| SHORT
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USD-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.393 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CAD pair.
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USD/JPY BEST PLACE TO SELL FROM|SHORT
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USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 154.148 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.06200 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.06200 support and resistance zone.
Trade safe, Joe.
EURUSD today The EURUSD pair remains under significant bearish control, consolidating just above the critical support level near 1.0527. Despite a slight recovery, the overall trend continues to favor sellers, with the recent pullback likely to face resistance around the 1.0775–1.0868 zone.
Key Technical Insights:
Downward Momentum: The pair has been unable to sustain any significant upward movement, with each rally being met by selling pressure, maintaining the dominant bearish structure.
Resistance Levels: The 1.0775 and 1.0868 zones represent formidable barriers, with a rejection at these levels expected to reinforce the downward trend.
Target Levels: A breakdown below 1.0527 could open the path toward the psychological level of 1.0500 and further extend losses toward 1.0300.
Outlook:
Traders should monitor any attempts to retest the resistance zones for potential sell opportunities. As long as EURUSD remains below 1.0775, the pair is likely to stay on its bearish trajectory.