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GOLD tests $3,310 then recovers, continues sidewaysInternational OANDA:XAUUSD fell to the support level of 3,310 USD, then recovered and continued to stabilize sideways due to the stronger US Dollar and market tensions eased after US President Trump said it was "extremely unlikely" to fire Federal Reserve Chairman Powell. As of the time of writing, spot OANDA:XAUUSD was trading at 3,339 USD/oz. Reuters reported on Wednesday that Trump is still open to the possibility of firing Powell. However, Trump said on Wednesday that he has no intention of firing Powell at this time, but did not completely rule out the possibility and reiterated his criticism of the Fed chairman for not lowering interest rates. Data showed US producer prices unexpectedly held steady in June, as the impact of higher import tariffs on goods was offset by weakness in the services sector. The unchanged US PPI in June showed wholesale prices were stabilising, suggesting the economic impact of tariffs may be smaller than initially feared. The lower-than-expected core CPI and core PPI data did not provide the boost that was expected, which could mean that the market is focusing on other aspects. More broadly, as the Fed gradually eases policy, real yields could continue to fall, and gold will maintain its upward trend. However, if the market continues to reprice expectations for a hawkish rate cut, this could trigger a short-term correction. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund (ETF), said its holdings rose 0.33% to 950.79 tonnes on Wednesday from 947.64 tonnes in the previous session. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold rebounded after falling and tested the support level noted by readers in yesterday's edition at 3,310 USD. The recovery brought gold prices back to work around the EMA21, continuing the sideways accumulation trend. Structurally there is no change, as for gold to qualify for an upside move it needs to break resistance at the 0.236% Fibonacci retracement level then the short term target is the raw price point of $3,400. Meanwhile for gold to complete its bearish cycle it needs to sell below the 0.382% Fibonacci retracement level then the short term target would be around $3,246, more than the 0.50% Fibonacci retracement level. The relative strength index (RSI) is also unchanged with the RSI activity around 50, indicating a hesitant market sentiment without leaning towards any particular trend. Intraday, the technical outlook for gold prices continues to be a sideways accumulation trend, and the notable positions will be listed as follows. Support: 3,310 – 3,300 – 3,292 USD Resistance: 3,350 – 3,371 USD SELL XAUUSD PRICE 3386 - 3384⚡️ ↠↠ Stop Loss 3390 →Take Profit 1 3378 ↨ →Take Profit 2 3372 BUY XAUUSD PRICE 3276 - 3278⚡️ ↠↠ Stop Loss 3272 →Take Profit 1 3284 ↨ →Take Profit 2 3290
OANDA:XAUUSDLong
by Xayah_trading
1
GOLD's narrowing range, tariffs, Trump's political dramaOANDA:XAUUSD is still trading in a narrowing range, affected by the tariff game and the political drama that Trump is building. Currently, the price of gold is trading around 3,339 USD/oz, equivalent to a small decrease of about 7 dollars on the day. Tariff Game On July 16, US President Donald Trump announced that he would send letters to more than 150 countries, with tariffs expected to be 10% or 15%, to promote trade. He said these countries are not major US partners and will be treated equally, but left open the possibility of negotiating exemptions. The tariffs are similar to those proposed in April but were postponed due to concerns about market volatility. The resumption of the tariffs continues to destabilize financial markets and surprised partners such as the European Union, as they hoped to reach an early agreement with the US. Political Play Also on July 16, global financial markets were shaken by rumors that President Trump intended to fire Federal Reserve Chairman Jerome Powell. Many major news agencies such as the New York Times, Bloomberg and Reuters reported that Trump had prepared a letter of dismissal and consulted with Republican lawmakers, receiving positive feedback. Removing Powell before his term was believed to undermine confidence in the US financial system and the safe haven status of the USD. Trump later denied the plan, saying it was unlikely to happen unless there was serious wrongdoing. Markets reacted strongly: the USD fell and then recovered after Trump's statement, while gold lost most of its previous gains by the end of the session. The gold market in particular, and the financial economy in general, are being affected by the activities of Trump, the creator of the global trade war, and the plays of Trump and the FED leading the market. Therefore, the basic formula in the current market context is best to follow Trump, and make sure not to miss any of Trump's status lines. Technical outlook analysis of OANDA:XAUUSD On the daily chart, the technical structure has not changed with the trend not yet clear and the price action clinging to the EMA21. The technical conditions do not favor an uptrend or a downtrend, typically the RSI moves around the 50 level, indicating a hesitant market sentiment. On the upside, gold needs to achieve the condition of breaking above the 0.236% Fibonacci retracement level of the price point of 3,371 USD then the target level will be around 3,400 USD in the short term, more than 3,430 USD. Meanwhile, on the downside, gold needs to break below the 0.382% Fibonacci retracement, which would confirm a loss of the $3,300 level, then target around $3,246 in the short term, more than the 0.50% Fibonacci retracement. Intraday, the sideways trend of gold price accumulation will be noticed by the following technical positions. Support: $3,310 – $3,300 – $3,292 Resistance: $3,350 – $3,371 – $3,400 SELL XAUUSD PRICE 3381 - 3379⚡️ ↠↠ Stop Loss 3385 →Take Profit 1 3373 ↨ →Take Profit 2 3387 BUY XAUUSD PRICE 3309 - 3311⚡️ ↠↠ Stop Loss 3305 →Take Profit 1 3317 ↨ →Take Profit 2 3323
OANDA:XAUUSDLong
by Xayah_trading
4
Gold Bulls Loading Up – Our Short Squeeze Trigger is Set!🚨 Gold Bulls Loading Up – Our Short Squeeze Trigger is Set! We’re flipping the script on COMEX_MINI:MGC1! After a prolonged downtrend and textbook wedge compression, our breakout long is LIVE – but not without trapping the late shorts first. 💥 Entry: $3,312.1 🛑 Stop: $3,288.4 🎯 Target: $3,458.9 🧮 Risk/Reward: 6.19 Price just bounced at the retest of the wedge apex, and volume is confirming the move. If this holds, we’re riding momentum all the way up – and letting short pressure fuel the breakout. 📈 Trendline breached. ⏳ Time compression converging. ⚠️ If you’re still short, watch your stops!
COMEX_MINI:MGC1!Long
by JoshuaDanford
1
2025 Trading Final Boss: Daily Market Manipulation, The New NormMarking this point in history because we'll likely forget and move on. During the early hours of the July 16th NYC session, we saw indices quickly flush ( CME_MINI:NQ1! CME_MINI:ES1! ) nearly 1% on the news that Trump will fire Jerome Powell. The dip was bought almost instantly. Shortly after the dip was bought (roughly 0.50% recovery), guess what? Trump announced, he is "not considering firing Jerome Powell". The dip then recovered and achieved a complete V to finish the day somewhat green. Make what you want of it but always use a stop loss in these tough conditions. Welcome to 2025 Trading Final Boss
CME_MINI:NQ1!Education
by kingdips
2025-07-16 - priceactiontds - daily update - nasdaqcomment: Bond markets are going ballistic. Fun times ahead. Technically it’s a trading range under ath and bears are too weak to print any decent bear bar on the daily tf. current market cycle: bull trend key levels: 22600 - 23300 bull case: Bulls are might fine. No daily bar is closing on it’s low and we are printing bull bar after bull bar. Daily 20ema is around 22700 and as long as we stay above, bulls remain in full control. Not event imminent firing of JPow and the bond market implosion are stopping this. Truly astonishing. Invalidation is below 22700. bear case: Bears are pathetic. Need lower lows below 22770. That’s it. Even if we get them, daily 20ema should be support unless an event triggers big time. Invalidation is above 23300. short term: Neutral. Bears barely doing anything but I have no interest in buying this frenzy, given the risks we are facing. We will go down hard soon but right now nothing about this is bearish. I do think the only bearish scenario could be that Jpow resigns/gets fired tomorrow/Friday and we drop down hard to next big support around 22000. I’d be surprised if we could get that low tbh. medium-long term - Update from 2024-06-29: No change in plans. I expect 20000 to get hit over the next 3 months and maybe 19000 again. trade of the day: Short US open was my preferred trade today but stop had to be 23223, so far away and target was not all that big since 23000 was the obvious support. The drop down to 22835 was a bit much but given the news, it could have easily led to a much bigger sell-off if the markets weren’t ignoring literally every risk under the sun.
CME_MINI:MNQ1!
by priceactiontds
Pre-Market Prep 7.18.2025What it do, everyone! Here’s my pre-market prep for Friday, July 18th. Just to give you a quick overview, I'm using my prior value areas, the prior day's high and low, and the CVA levels from my market profile. I use all this history to help me plan my trades for the day. So, starting with the S&P, as of now we’re green across the board. We’re in balance up from the prior day’s range, value area, and the CVA. My main plan is to look for acceptance and a pullback to a confluence area for longs. If we get rotational and break out of that area, I’m ready to go short. For the NASDAQ, it's a similar story. We’re rotational in the prior value area and range, but we’re balanced up from the recent CVA. Right now, I’m waiting to see if we can confirm acceptance and then I’ll look for a short from that rotational area down to the prior value area low. In the Russell, I’m seeing clear acceptance above all levels, so a pullback to the confluence area for a long would be ideal. For Gold, I’m also seeing it in balance up on all fronts. My first move would be a long from the prior day’s high. If we drop a bit lower, I’ll be looking at that CVA and PVA area for another long. The Euro is a bit more mixed. We’re rotational in the prior day’s range but balanced up in the value area and CVA. I want to clear the prior day’s high before taking any big moves. The Yen is also rotational, so I’m looking to trade the extremes, maybe some scalps while we’re balanced in the prior value area. For the Aussie Dollar, we’re in balance up from the PVA, but rotational in the prior day’s range and CVA. I’m looking for shorts near the top area and longs at the bottom, staying out of the middle for now. And finally, Crude Oil is rotational on all fronts. My first plan is to look for shorts from the confluence area down to the prior day’s range. That’s my pre-market prep for today. Let’s trade smart. Happy Friday, peace!
NYMEX:CL1!
by JBradleyTrades
2025-07-17 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Selling down from 24400 to 24300 on high volume and the bears just gave up and market showed where it really wants to go. Almost without resistance we just grinded higher for 24500. No more obvious resistance until ath. current market cycle: bull trend key levels: 24000 - 25000 bull case: Bulls want to leave the big gap open down to 24350 and go higher from here. 24750 is the obvious target but if bulls want it, there is no reason we can not print 25000. Any pullback should stay above 24350 or this rally is over again. Will be looking for longs against 1h 20ema tomorrow, unless bears clearly took over. Invalidation is below 24350. bear case: Bears tried down to 24275 but failed at the 1h 20ema and I doubt many will try to keep this a lower high below 24750. Bears have absolutely nothing once again. Nothing bearish about this on any time frame. Invalidation is above 25100. short term: Bullish. What could stop this? Only If they fire Jpow tomorrow but I doubt they will do it before markets close. Can only expect higher prices but I would not hold anything over the weekend. Make no mistake, if orange face fires Jpow, bonds will go apefeces and stonkz as well. medium-long term from 2025-06-29: Bull surprise last week but my targets for the second half of 2025 remain the same. I still expect at least 21000 to get hit again this year. As of now, bulls are favored until we drop below 23000 trade of the day: Long 24300 because Globex low was 24242 and market clearly found no acceptance below the 1h 20ema.
EUREX:FDXS1!Long
by priceactiontds
Pre-Market Prep Today, I'm narrowing down to six key markets. For the S&P, it's all about waiting for a pullback from the prior day's high or a breakout above the CVA. If it dips back inside the range, I'm ready to go short with some scalps. For the NASDAQ, it's looking strong. I'm thinking about a long position if it pulls back to the prior day's high. Gold is in a downtrend across all areas, and I'm already in a short position from the CVA low. I'm thinking about adding to that if it pulls back to the prior day's low. Crude Oil is pretty balanced. I'm looking at the high of the CVA for a short opportunity if it gets there. For the Yen and Euro, both are rotational. I'm eyeing long opportunities if they show some acceptance and pullbacks from key levels. That's the vibe for today. Let's trade smart, avoid the chop, and keep it moving. Peace!
CME:6E1!
by JBradleyTrades
SP500 ES Weekly Recap | ATH Deviation → Pullback or Powell Pump?Overview: ES made a new all-time high last week, sweeping the previous high with strong momentum. However, the move ended up being a deviation, and the price quickly reversed — suggesting short-term exhaustion. Bearish Scenario (Baseline): 🔻 Rejection from ATH 🔻 Possible retracement targets: 12H Swing Low (turquoise line) Weekly Fair Value Gap (purple zone) I believe a pullback into those levels could provide bullish continuation setups for new highs. I’ll look for LTF confirmation once price reaches those zones. Bullish Scenario (Catalyst-Driven): 🚨 If Fed Chair Powell resigns this week (a circulating macro rumor), the market may not wait for retracement. This could lead to an aggressive breakout, driving ES and risk assets straight into new ATHs again. Plan: ✅ Watch for LTF confirmation after pullback ✅ Stay open to both scenarios ✅ Focus on HTF bullish structure as long as key levels hold
CME_MINI:ES1!Short
by UA_CAPITAL
CRUDE OIL (WTI): Your Trading Plan Explained Do not forget that today we expect Crude Oil Inventories data release - it will be 10:30 am NY time. Ahead of this news, the market is testing a significant daily support cluster that is based on a rising trend line and a horizontal structure. You signal to buy will be a bullish breakout of a minor intraday horizontal resistance on a 4H. 4H candle close above 66,5 will be your confirmation. A bullish continuation will be expected to 67.6 then. I suggest waiting for the news release first and then check how the market prices in the news. If our technicals align with fundamentals, it will provide an accurate setup. Alternatively, a bearish violation of a blue support will push the prices lower. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:USOILLong
by VasilyTrader
3
GOLD in narrow range, after sharp drop on US CPI dataOANDA:XAUUSD fell sharply on Tuesday (July 15) as the US Dollar TVC:DXY gained significantly after the US CPI report was released. As of now (July 16), gold is trading at 3,326 USD/oz, equivalent to an increase of only 2 USD in the day. The US Consumer Price Index (CPI) in June was in line with expectations but higher than the previous value. The surge in the Dollar after the US released the June CPI is the main reason for the pressure on gold prices so far. • Data released by the US on Tuesday showed that the US CPI increased by 2.7% compared to the same period last year in June, in line with expectations, but higher than the 2.4% in May. • The US CPI rose 0.3% month-on-month in June, in line with market expectations but up from a 0.1% increase, the largest increase since January this year. • In addition, the US core CPI rose 2.9% year-on-year in June, up from 2.8% in May, while the core CPI in June rose 0.2% month-on-month. The market generally believes that US President Trump's tariff policies have increased price pressures, prompting the Federal Reserve to wait and see what further action to take. Federal Reserve Chairman Powell previously said he expected prices to rise in the summer. The market is still expecting the first rate cut in September. Investors are looking ahead to Wednesday's U.S. producer price index data for more information on the Federal Reserve's move. Since gold does not yield interest, it typically performs well in low-interest-rate environments, whereas high-interest-rate environments or expectations of future rate hikes put pressure on gold prices. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold is trading in a fairly narrow range after 2 sessions of downward adjustment, but the specific trend is still unclear, as sent to readers throughout last week, the technical conditions mainly show a sideways accumulation movement. After testing the 0.236% Fibonacci retracement level, gold was unable to overcome this resistance, and the decline from this position brought the gold price close to the support of 3,310 USD and then the area of the original price point of 3,300 USD with the 0.382% Fibonacci retracement. With the technical conditions not giving a specific trend as they are now, for gold to be able to have a new bullish cycle it needs to move the price action above the 0.236% Fibonacci retracement level, then the target would be around $3,400 in the short term, more than $3,430. On the other hand, if gold falls below the 0.382% Fibonacci retracement level again, it could be a good signal for an expectation of a bullish cycle, then the target would be around $3,246 in the short term, more than the 0.50% Fibonacci retracement level. The relative strength index is hovering around 50, indicating that the market is hesitant in terms of momentum and is not leaning towards a specific trend. During the day, with the current sideways accumulation, gold will be noticed by the following technical levels. Support: 3,310 – 3,300 – 3,292 USD Resistance: 3,240 – 3,250 – 3,371 USD SELL XAUUSD PRICE 3383 - 3381⚡️ ↠↠ Stop Loss 3387 →Take Profit 1 3375 ↨ →Take Profit 2 3369 BUY XAUUSD PRICE 3304 - 3306⚡️ ↠↠ Stop Loss 3300 →Take Profit 1 3312 ↨ →Take Profit 2 3318
OANDA:XAUUSDLong
by Xayah_trading
Trading Day SummaryTrading Day Summary Today wasn’t a winning day on the books, but it was a major win in discipline. I hit my daily loss limit before 10 AM, stopped live trading, and switched over to paper trades to protect my capital. The setups I took—especially in Gold and Euro—lacked full confirmation, and one overnight trade didn’t align with my plan. I experienced around $200 in slippage, which added to the loss. The bright side? I stayed in control. No revenge trades. No emotional spirals. My paper trade afterward was textbook—5R+ potential. That tells me the strategy is sound. Execution and timing just need to be sharper. Bottom line: this is a marathon, not a sprint. I’m proud of the discipline and the mindset. Tomorrow, we reset and refocus.
CME:6E1!
by JBradleyTrades
2025-07-15 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Very important day tomorrow. If we trade below 24000, this means we saw leg 1 from 24749 down to 24100 and leg 2 could lead us to 23500 or lower. Until we have clearly broken below 24000, I remain neutral but hopeful we can finally go lower again. current market cycle: trading range key levels: 23000 - 24750 bull case: Bulls need to stay above 24000 or risk a sell-off down to 23700ish. No matter how you try to draw the bull trend lines, they are all broken now but bears need lower lows below 23690 to confirm it. Daily ema is around 24100 and it has been support for 3 weeks and that is the reason I remain neutral for now. Invalidation is below 24270. bear case: Bears need to break below the daily ema and close below. Only then can we go lower. It’s good for the bears that they printed a lower high below 24400 but we are still too high for bulls to give up on BTFD. Invalidation is above 24400. short term: Neutral. If we stay below 24400, we have a shot at breaking down but 24000ish is support until proven otherwise. The selling today was not strong and the chart is rather neutral. Bears have only set up a potential structure which could break down but you have to wait for confirmation before betting on it. medium-long term from 2025-06-29: Bull surprise last week but my targets for the second half of 2025 remain the same. I still expect at least 21000 to get hit again this year. As of now, bulls are favored until we drop below 23000 trade of the day: Scalping between 24250 - 24300 which was clear support & resistance for 4h after EU open. The bear breakdown was a surprise and not obvious to trade.
EUREX:FDXS1!
by priceactiontds
DIYWallSt Trade Journal: Perfect Morning Signals & Rate Cut bets07/15/25 Trade Journal, and ES_F Stock Market analysis EOD accountability report: +404.50 Sleep: 7 hours Overall health: Good VX Algo System Signals from (9:30am to 2pm) — 8:41 AM Market Structure flipped bullish on VX Algo X3! — 9:33 AM VXAlgo ES X1 Sell Signal (triple sell) — 9:40 AM Market Structure flipped bearish on VX Algo X3! — 1:20 PM VXAlgo ES X1 Buy signal (triple buy) What’s are some news or takeaway from today? and What major news or event impacted the market today? We got great signals at the start of the day and that really helped with today's trading. I had some meetings today and stufff to take care of so i decided to lock out the funded account around noon and called a day. News — 9:54 AM *TRADERS STICK TO BETS ON SEPTEMBER FED RATE CUT AFTER INFLATION REPORT What are the critical support levels to watch? --> Above 6295= Bullish, Under 6285= Bearish Video Recaps -->https://www.tradingview.website/u/WallSt007/#published-charts
CME_MINI:NQ1!
by WallSt007
Mid-Session Market ReviewMid-Session Market Review S&P 500: After some initial volatility from the 8:30 news, the market accepted above the prior day’s levels but has since pulled back within range, consolidating just below the highs. NASDAQ: The NASDAQ remains above all of yesterday’s levels and is currently balancing between the high of the day and the 23,100 level, showing a rotational pattern. Russell 2000: This market is rotational within the prior day’s range and has accepted below the CVA and PVA. Potential trade opportunities might come with a pullback to the 2,245 area. Gold: Gold has accepted below the prior value area and is still rotational within the CVA. Trade opportunities could present themselves near the prior day’s low. Crude Oil: The market is quite choppy, hovering around the prior day’s low and value area low. Caution is advised, with potential long opportunities on a pullback, as long as conditions align. Euro Dollar: The Euro is dropping significantly, moving below all key levels without much respect for them. This could provide short opportunities if there’s a pullback. Yen: Similar to the Euro, the Yen is also pushing below previous levels. It’s getting choppy near the CVA low, so caution is needed until it shows more respect for those levels. Natural Gas: The market is rotational within the prior day’s range and respecting the CVA high. Long opportunities might be possible if conditions are right. Aussie Dollar: It’s showing some respect for the CVA low and is still rotational. There could be a potential long setup forming, depending on how it plays out. British Pound: The Pound has accepted below all key levels, and a pullback to the CVA low might provide short opportunities, though caution is needed around the VWAP.
CME:6B1!
by JBradleyTrades
GOLD again targets $3,371, new bullish cycle conditionToday (Tuesday, July 15), in the Asian market, the spot OANDA:XAUUSD maintained a slight recovery trend, currently at around 3,360 USD/ounce. The spot OANDA:XAUUSD rose to a 3-week high on Monday, but quickly fell back and finally closed lower. Trump's open attitude towards trade negotiations has improved the market's risk-on sentiment and negatively impacted gold, a safe-haven asset. But gold still has a lot of potential risks for price increases, and personally, the fundamental trend for gold has not changed. The US Bureau of Labor Statistics will release its June Consumer Price Index (CPI) report today (Tuesday). According to a Reuters survey, economists expect the US CPI to increase year-on-year in June to 2.7% from 2.4% the previous month, while the core CPI is expected to increase year-on-year to 3% from 2.8%. The survey also showed that the US CPI is expected to increase 0.3% month-on-month in June, and the core CPI is also expected to increase 0.3% month-on-month. According to the Chicago Mercantile Exchange's "FedWatch Tool", the market believes that the Fed is unlikely to cut interest rates in July and the probability of keeping interest rates unchanged in September is about 30%. If the US core CPI rises by 0.4% or more in June, this could prompt market participants to reassess the possibility of a rate cut in September. In this case, the US Dollar could hold steady and push gold prices lower. On the other hand, if the data is lower than expected, gold will become more attractive while a weaker Dollar will be positive for gold prices. Technical Outlook Analysis OANDA:XAUUSD After gold reached the resistance target of attention to readers in the weekly publication at 3,371 USD, which is the location of the 0.236% Fibonacci retracement, it fell slightly but is now recovering positively. Currently, gold is trading in the range of 3,360 USD, the price action above the lower edge of the long-term rising price channel with support from the EMA21, gold is now likely to continue to retest the 0.236% Fibonacci retracement level. If gold breaks above $3,371 it will be eligible for a new bullish cycle, with the target then being around $3,400 in the short term, more so than $3,430. On the other hand, the RSI is pointing up, maintaining activity above 50, and this should be considered a positive signal in terms of momentum. It shows that there is still a lot of room for growth ahead. However, as of now, gold is still neutral in terms of trend, with conditions gradually tilting towards the possibility of price increase. Along with that, the notable positions will be listed as follows. Support: $3,350 – $3,340 – $3,310 Resistance: $3,371 – $3,400 – $3,430 SELL XAUUSD PRICE 3390 - 3388⚡️ ↠↠ Stop Loss 3394 →Take Profit 1 3382 ↨ →Take Profit 2 3376 BUY XAUUSD PRICE 3304 - 3306⚡️ ↠↠ Stop Loss 3300 →Take Profit 1 3312 ↨ →Take Profit 2 3318
OANDA:XAUUSDLong
by Xayah_trading
End-of-Session Market ReviewToday was a solid trading day with some interesting moves across the markets: S&P 500: The market trended upwards from the open, gradually moving into and above the prior day’s value area, closing near the high of that range. NASDAQ 100: After some initial back-and-forth, it climbed above the prior day’s high and value area, showing strength into the close. Russell 2000: This market was quite choppy and balanced for a good part of the session, but eventually pushed up to close near the prior value area high. Gold: It stayed range-bound, moving between the CVA high and the prior day’s value area without breaking out. Crude Oil: We saw a significant drop right from the start, with prices falling about 1.5 points and ending the day lower, though still within the prior day’s range. Euro Dollar: It tested the CVA low, dipped below the prior day’s low, and then bounced back to close around that level. Yen Dollar: It started near the prior value area low, accepted below it by midday, and remained balanced in that lower range. Aussie Dollar: Initially, it held above the CVA area and tested a higher level before sharply dropping below the prior day’s low and then balancing in that lower area. In total, I took eight trades today. Two of them were in the Yen, both valid setups that didn’t work out and ended in stop-outs. I also took some long trades in the Aussie Dollar that I probably could have avoided since the market was choppy. On the positive side, I managed risk well and ended up with two winning trades that put me in the green by about $1,200. Overall, I’d rate today as an A- day. Moving forward, I’ll focus on staying out of choppy markets, paying attention to the developing value area, and possibly using Heikin Ashi bars for better clarity.
CME:6E1!
by JBradleyTrades
21
Back above $3,300, GOLD may remain neutral, tax focusOANDA:XAUUSD reclaimed the psychologically important level of $3,300/ounce last week, but while gold is still receiving some support as a safe haven amid economic and geopolitical risks, its upside momentum may be limited as the market shifts its attention to other commodities. Gold prices ended last week on a generally bullish note, rising back above $3,300 an ounce after US President Trump unexpectedly announced a series of new trade policies. Spot gold prices rose about 0.5% last week on Friday. Although the market initially doubted Trump’s self-imposed July 9 deadline, the overall market reaction remained steady and the renewed risk appetite helped the S&P 500 hit a new record high, somewhat undermining gold’s safe-haven appeal. The July deadline has been pushed back to August 1, but the global trade conflict is far from over. Gold has regained support after initial pressure after Trump announced a new trade policy on copper imports, along with a series of news stories about the relationship between Trump and the FED sent to readers throughout the past week. A sharp rise in copper prices will also add to inflationary pressures, exacerbate economic uncertainty and raise concerns about recession and stagflation. In this context, gold is expected to continue to receive support from potential risks. In addition to fierce competition in the commodity market, gold may remain fundamentally neutral in the short term, as economic data will support the Fed's neutral monetary policy. The key market focus next week will be the June Consumer Price Index (CPI). The Fed has made it clear that it is in no rush to raise interest rates while inflation risks remain high. However, traders still need to be cautious and closely monitor the situation surrounding the tariff war initiated by Trump, which will directly affect the price of gold. In case of negative news, the gold price will receive support and vice versa if positive news appears in the market. Over the weekend, US President Trump once again used the tariff tactic, announcing that he would impose a 30% tax on imports from the EU and Mexico, causing a strong reaction from the international community. This move not only casts a shadow over the relationship between Europe and the United States, as well as between the United States and Mexico, but also adds further uncertainty to the global trade model. EU politicians, businesses and academics were quick to respond, calling for unity to protect their interests, while Mexico stressed the need to maintain national sovereignty and pledged to respond calmly. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold has a 3-day rally, and the upside momentum has reached the important target resistance at the 0.236% Fibonacci retracement level. Gold's upside momentum is also limited by this Fibonacci retracement level, specifically it has slightly dropped to $3,355/oz. But overall, gold is still not in a position to form a specific trend, and the indicators and positions are mainly showing the possibility of continuing to accumulate sideways. For gold to have the conditions for a new bullish cycle, it needs to bring price activity above the 0.236% Fibonacci retracement level, then the target will be around $3,400 in the short term, more than $3,430. Meanwhile, a pullback, which sees gold sell below the 0.382% Fibonacci retracement, would open the door to a bearish cycle, with a target of around $3,246 in the short term, rather than the 0.50% Fibonacci retracement. RSI hovering around 50 also suggests a hesitant market sentiment, so the short-term bias for gold is neutral. Along with that, notable positions will also 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 3340 - 3342⚡️ ↠↠ Stop Loss 3336 →Take Profit 1 3348 ↨ →Take Profit 2 3354
OANDA:XAUUSDLong
by Xayah_trading
3
2025-07-14 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: The biggest surprise for next week would be a huge gap down Sunday futures open and having that gap stay open. If bears could actually do something like that and trap all bulls who bought above 22600, that would be amazing. Spoiler: Bears could not. Another gap down and bear trap. It’s sad but the reality. Don’t expect strong bears all of the sudden. current market cycle: bull trend key levels: 22000 - 23100 bull case: Bulls defended 22800 which is still as bullish as it gets. Don’t make it more complicated than it is. We are going sideways under the ath, can print a new one any given day. Since I don’t have any targets above 23100ish, I won’t make stuff up here. I only wait for the profit taking to begin to look for shorts. Invalidation is below 22700. bear case: Bears are sad. Need a daily close below 22700. If they prevent bulls from printing a new ath above 23111, I would be surprised. No need to write more here until we see much much bigger selling pressure. Invalidation is above 23500. short term: Neutral. Bears not doing enough and bulls going sideways under ath. No interest in buying, so I am neutral until big bears come around. medium-long term - Update from 2024-06-29: No change in plans. I expect 20000 to get hit over the next 3 months and maybe 19000 again. trade of the day: Long the double bottom above 22800 or the retest on US open around 22830. Bears failed to print consecutive good looking 30m/1h bear bars, so a reversal was the most likely outcome after the double bottom.
CME_MINI:MNQ1!
by priceactiontds