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Longsetup

Gold Surges After FOMC, Eyes Breakout Above 3,515Gold prices surged sharply on June 12 following positive FOMC and CPI results, closing at 3,429 – up more than 1.2%. The technical structure remains firmly within an ascending channel on the 8H chart, with higher lows consistently supported by the EMA34 and trendline. The 3,488–3,515 resistance zone will be a key test in the coming sessions. If price breaks and holds above this level, the next target will be new highs. Conversely, a minor pullback toward the 3,348 area – aligned with the trendline and EMA – may offer a trend-following buy opportunity if confirmed by price action. Gold is receiving strong support from cooler U.S. CPI data, which has boosted expectations that the Fed may cut interest rates soon. Additionally, geopolitical tensions in the Middle East and bullish outlooks from major institutions continue to reinforce gold’s safe-haven appeal.
OANDA:XAUUSDLong
by Rocky_trade_
GBPUSD – Resistance Pressures, Downside Risk EmergingAfter rebounding from the EMA89 area near 1.3500, GBPUSD recovered to approach the 1.3600 resistance zone but was quickly rejected. The H4 chart shows weakening bullish momentum as price retests the previous distribution area without managing a close above it. The current technical structure leans toward a potential pullback, especially since the EMA34 and trendline support zone has not been broken. If the price breaks back below 1.3500, the next target would be around 1.3440 – the previous key support. Recent news shows a slight decline in US CPI, temporarily weakening the USD, but the market is now focused on the upcoming FOMC meeting to determine the rate direction. If the Fed maintains a hawkish stance, GBPUSD is likely to come under renewed downward pressure.
Short
by Rocky_trade_
EURUSD – Price Holds Uptrend, 1.145 Zone Is the Key to BreakoutOn the H4 timeframe, EURUSD continues to move within a clearly defined ascending channel, consistently bouncing off the trendline and EMA34–89 cluster. Price is now approaching the 1.14500 resistance zone, which previously rejected bullish attempts twice. However, this time, price is consolidating just below resistance, indicating that buying pressure may be building. If 1.14500 is breached with strong momentum, the next target will be 1.15000. Conversely, if price gets rejected again, the 1.14100 support zone will be crucial to watch for a reaction. Meanwhile, news from the ongoing US–China trade talks is keeping gold highly volatile, creating a risk-on sentiment and weakening the USD—this may provide additional support for EUR’s bullish trend.
Long
by Rocky_trade_
2
XAUUSD – Testing the Descending Trendline, Awaiting FOMC SignalsGold has rebounded to the 3,371 zone after U.S. CPI data showed cooling inflation, putting pressure on the USD. The price is now approaching the descending trendline and the 3,400 resistance zone – a level that marked the top on June 5. If this area fails to break clearly, gold is likely to pull back toward the 3,327 support – the confluence of the EMA89 and a recent low. On the other hand, if the FOMC delivers a dovish signal, price could break out and aim for 3,457. Trade Setup: SELL near 3,400 if rejection candles appear BUY near 3,327 if bullish reversal signals show BUY breakout above 3,405 if FOMC supports further gains
OANDA:XAUUSDLong
by Rocky_trade_
EURUSD – Pressure at the Top, Correction Likely AheadThe EURUSD pair posted strong gains during the June 11 session, breaking through the 1.1480 resistance zone and reaching the top of the ascending channel near 1.15460. However, price action is showing signs of slowing down as it approaches the upper trendline that previously rejected price on June 3. Currently, if the price fails to decisively break above the 1.15460 area, a technical correction toward the support zone at 1.14180—where the EMA 34 and lower channel line intersect—is highly likely. This zone will be key to monitor for potential trend-following buy opportunities if a clear recovery signal emerges. Latest data shows U.S. CPI is easing, putting pressure on the USD. However, markets are now focused on tonight’s FOMC decision, which will play a crucial role in determining the next direction for the dollar.
Long
by Rocky_trade_
TTML: Pennant Breakout Signals Potential Upside On the daily chart, TTML has recently exhibited a breakout from a pennant formation , a pattern often associated with potential continuation of the prevailing trend. This breakout is accompanied by a notable increase in trading volume, which may indicate growing market interest and participation. Additionally, the price action has shown support at the 200-day EMA, a widely observed long-term trend indicator. This confluence of technical signals may suggest a strengthening bullish sentiment. From a momentum perspective, both the RSI and MACD indicators are currently positioned in bullish territory on both the daily and weekly timeframes. This alignment across multiple timeframes can be interpreted as a sign of potential trend continuation. Looking ahead, the price may revisit the ₹75 level, which could act as a demand zone. Should the stock manage to close and sustain above ₹76.40 , the next potential resistance levels to monitor are around ₹84.93 and ₹96.95 . For risk management, a suggested stop-loss level could be considered below ₹62 , based on recent support structures. Disclaimer: This analysis is intended solely for informational and educational purposes. It does not constitute investment advice or a recommendation to buy or sell any financial instrument. Market participants are encouraged to conduct their own research or consult with a licensed financial advisor before making any investment decisions.
NSE:TTMLLong
by NiftyNotion
USDJPY – Momentum Fades Near 146 BarrierUSDJPY is approaching the significant resistance level at 146.020 following a parabolic rebound. This area previously triggered a sharp sell-off, and a minor double top pattern may be forming. If price gets rejected here, the support zone around 144.470 (EMA89 + demand zone) becomes a likely target for a pullback. The recent upside was supported by hawkish comments from BoJ Governor Ueda, but the main market focus remains on the U.S.–China trade talks. If tensions ease, the USD could weaken, supporting the bearish scenario for USDJPY.
Short
by Rocky_trade_
XAUUSD – Weak Rebound, Downside Pressure RemainsGold is currently testing the 3,339 resistance zone – a confluence with the EMA34 and EMA89, which has rejected price multiple times before. The current rebound is weak, suggesting that buyers are struggling. The bearish structure is becoming clearer with lower highs. If gold fails to break this resistance, it could retreat to 3,303; a break below that would likely open the way down to the 3,264 support level. On the news front, the gold market is being heavily influenced by the ongoing U.S.–China trade negotiations in London. This major event could spark unpredictable volatility. If tensions ease, safe-haven demand for gold may fade, further supporting the short-term bearish outlook.
OANDA:XAUUSDShort
by Rocky_trade_
BTCUSDT – Strong rebound, waiting to break previous highsBitcoin is maintaining a fairly positive uptrend after bouncing from the support zone around 105,245 USDT – a confluence area of the EMA89 and previous lows on the 8H chart. Currently, the price has approached the key resistance area between 110,192 and 111,931, which has previously rejected bullish attempts twice. Price action suggests that BTC may temporarily pull back to gather momentum before continuing to test the green resistance zone around 113,331. A short-term accumulation pattern is forming with a higher-low structure – a good sign for buyers as long as the price holds above the 106,000 area. On the news front, investor sentiment has improved following weaker U.S. jobs data, reinforcing expectations that the Fed may cut interest rates sooner. This has prompted a return of safe-haven flows to the crypto market, adding fuel to BTC’s upward momentum.
Long
by Femal_
1
GBPUSD – Choppy Below Resistance, Risk of Renewed WeaknessOn the H4 chart, GBPUSD is trading within a narrow range, fluctuating between 1.35740 and 1.34880. Each upward attempt toward the resistance zone has been quickly rejected. The price structure shows lower highs forming, while support areas are gradually moving lower. The EMA34 and EMA89 are starting to flatten out, indicating the main trend is becoming increasingly unclear. If the price breaks below the 1.34880 level, a clear downtrend will be confirmed, and the scenario of a return to the long-term trendline becomes more plausible. The key upcoming event is the U.S. CPI report, expected within the next 24 hours. If the data shows inflation remains high, the Fed will have less incentive to cut interest rates, potentially boosting the USD and putting downward pressure on GBPUSD.
Short
by Femal_
2
EURUSD – Steady accumulation, ready for a fresh breakout?After a slight correction, EURUSD is trying to stabilize around the support zone of 1.13840 – which coincides with the EMA89 and a historically strong price reaction area. Although there hasn’t been a clear breakout yet, recent price action still shows an effort to maintain the bullish structure as the higher lows remain intact. If buyers can take advantage of this support and build momentum, the next target could very well be the 1.14780 zone – an area that has rejected price multiple times and now serves as a key resistance level for the bulls. Beyond the technical picture, the market is also awaiting this week's CPI, PPI, and NFP data. If these numbers come in weaker than expected, the likelihood of the Fed cutting rates sooner will rise – a positive signal for EURUSD. Moreover, with ongoing geopolitical risks, defensive capital flows may continue to exit the USD, giving the euro an edge in the coming sessions.
Long
by Femal_
XAUUSD – Holding support, eyeing breakout aheadGold has paused its decline after falling out of the ascending channel and is now testing the support area around 3,279 USD. This zone is a confluence of a key demand area and recent swing lows. If this level holds, XAUUSD may rebound to retest the resistance near 3,358 USD – where the EMA34 and EMA89 are also positioned. Notably, the long-term bullish structure remains intact, and price action may be forming a consolidation phase before a potential upward move. If upcoming CPI, PPI, and NFP data come in weaker, expectations of a Fed rate cut could rise – a factor that typically supports gold. Additionally, ongoing geopolitical tensions continue to bolster gold’s safe-haven appeal.
OANDA:XAUUSDLong
by Femal_
XAUUSD – Breaks Support Line, Risk of Deeper CorrectionOn the H4 timeframe, gold has officially broken below the ascending trendline formed since mid-May, after several successful retests. This is a clear sign that the short-term uptrend is losing momentum. Following the trendline breakdown, price is currently making a mild pullback, retesting the confluence zone of EMA34–EMA89 around 3,323 to 3,336 USD. However, if this zone continues to act as resistance, the pullback pattern will complete and open up the possibility of further decline toward the next support area around 3,264 USD – which previously held price well. Moreover, gold remains under pressure due to the US dollar’s strong rebound amid expectations that the Fed will maintain high interest rates. Hot CPI and PPI forecasts are delaying rate cut hopes, further weighing on gold prices.
OANDA:XAUUSDShort
by Rocky_trade_
XAUUSD – Shaky below resistance, clear bearish signal formingGold is showing signs of weakness after retesting the resistance area around 3,394 USD. The current price structure indicates a failed minor rebound – most likely a false breakout, suggesting the potential for another leg down. On the H4 chart, price has slipped below the EMA34 and is heading toward the EMA89 zone. If selling pressure continues, the next target will be the strong support around 3,167 USD. A break below this level could trigger a deeper decline toward the 3,114 USD zone. Notably, price action is forming a short-term “lower high” – a classic characteristic of a downtrend. The strategy now is to closely monitor the retracement zone around 3,320–3,330 USD for reversal signals, rather than trying to catch a bottom too early.
OANDA:XAUUSDShort
by Rocky_trade_
XAUUSD – Reaccumulating below key resistanceGold is following the textbook pattern of a strong uptrend on the D1 chart. After bouncing from the support zone around EMA34 and EMA89, the price is continuing to consolidate just below the major resistance around 3,397.500 USD. What’s notable is that this level previously rejected price, so the current pause in momentum is understandable. However, as long as the price holds above the support zone around 3,171.600 USD – which aligns with EMA89 and the prior demand zone – the bullish structure remains intact. The most reasonable scenario now is to wait for a clear bounce from the EMA region or a confirmed breakout above resistance. If a breakout occurs, the next target will likely be the previous high around 3,434.500 USD. On the news front, U.S. jobless claims have slightly increased this week, reinforcing expectations that the Fed will keep interest rates unchanged – an indirect boost for gold.
OANDA:XAUUSDLong
by Rocky_trade_
USDJPY – Buying momentum builds, uptrend in sightUSDJPY has just bounced strongly from the key support zone around 142.510 – a level that has acted as a “fortress” over the past two weeks. Price action is gradually regaining momentum, forming a potential double bottom and heading toward a retest of the long-term descending trendline. Currently, the 144.800–145.000 area is the nearest resistance, aligning with both the EMA and the descending trendline. If buyers maintain control, a breakout above this zone could pave the way for the next leg up toward 145.750 and beyond. In terms of news, the latest U.S. ISM Services data came in weaker than expected, reducing rate hike expectations. While this puts mild pressure on the USD, the reaction from USDJPY suggests the market is leaning toward a rebound rather than a breakdown.
Long
by Rocky_trade_
EURUSD – Strong uptrend, Non-farm could trigger breakoutEURUSD continues to maintain a steady uptrend within a well-defined ascending channel. Each pullback has been well absorbed around the EMA 34–89 and the dynamic support zone near 1.13650, signaling that buyers remain in control. Currently, price is approaching the key resistance area around 1.14840 – a level that previously triggered a rejection. If it fails to break through again, a minor pullback toward the support zone followed by a bounce, as shown in the chart, is a likely scenario. What’s worth noting is that the Non-Farm Payroll report is due later today – a potential catalyst that could either fuel a breakout or break the current channel. If U.S. job data comes in weaker than expected, the USD may face selling pressure, providing a strong boost for the euro.
Long
by Rocky_trade_
XAUUSD – Awaiting Non-Farm, will gold hold its ground?The H8 chart shows gold retesting a key resistance zone around 3,426 USD after an impressive recovery run. Price action remains solid above the rising trendline and is supported by the EMA 34–89, indicating that the bullish structure is still well intact. However, the upper resistance zone is causing some hesitation in the market. If gold fails to break through immediately, a minor pullback toward the 3,330 – 3,290 USD area is highly possible. If this zone holds, it would present a good opportunity to rejoin the uptrend. On the news front, today’s spotlight is the U.S. Non-Farm Payrolls report. If the jobs data comes in weaker than expected, expectations for a Fed rate cut will likely increase – a scenario that could benefit gold significantly as a non-yielding asset.
OANDA:XAUUSDLong
by Rocky_trade_
USDJPY – Downtrend Continues, 143.500 Is the Key ZoneUSDJPY is moving within a clear descending channel and is now approaching the strong resistance area at 143.500 – where the EMA 34, EMA 89, and the upper trendline all converge. Historically, each time price touched this zone, a strong rejection followed. If the same happens again, we could see a move back down to 142.000 and potentially 140.500. On the fundamental side, the recently released U.S. ISM Services data disappointed, fueling expectations that the Fed might cut rates sooner – adding bearish pressure to the USD. Preferred scenario: watch for price reaction around 143.500 to enter a short position in line with the downtrend.
Short
by Rocky_trade_
EURUSD – Lower highs emerging, bearish signal in sight?Although the lower-than-expected jobless claims forecast could support a mild USD recovery, EURUSD is still holding above the EMAs in the short term. However, signs of weakness have begun to appear as price continues to get rejected around the 1.14800 zone – which aligns with a descending trendline that has been tested multiple times. Currently, EURUSD is forming a lower high pattern on the H4 chart, indicating growing selling pressure. If this pattern continues and price breaks below the 1.13800 area, a deeper correction toward the 1.13600 support zone could be triggered. This level has repeatedly supported price in the past and coincides with the confluence of the 34 and 89 EMAs.
Short
by Rocky_trade_
EURUSD – Strong push but might run out of steamEURUSD has just bounced nicely off the 1.13400 support zone. Price is now climbing back toward the previous high around 1.14500 – which looks promising, but also comes with some risk. This is a level that previously triggered a strong reversal, so if price fails to break through again, a pullback toward the lower EMA region is quite possible. On the chart, I can see price approaching the upper boundary of the ascending channel, while buying momentum seems to be fading. If we see a reversal candlestick pattern or long upper wicks forming in this area, it might be an early sign of a short-term drop. What about the news? The latest JOLTS report shows job openings in the US are slowing down, raising concerns about the labor market. At the same time, US–China trade tensions are flaring up again, and President Trump's unclear remarks on tariffs are making investors more cautious with the USD.
Short
by Rocky_trade_
BTCUSDT – Squeezed enough, ready to explode?Bitcoin is currently trading within a converging triangle pattern – a setup every trader knows often signals an imminent breakout. The price is sitting between the EMA 34 and EMA 89, consolidating right above the long-term ascending trendline, indicating that buying pressure is still quietly in control. The 105,000 – 106,000 USDT area is the key resistance zone to watch. If BTC breaks through this level decisively, it could trigger a new bullish wave aiming for 110,000+. On the news front, market sentiment has turned optimistic again after the SEC Chairman hinted at the possibility of approving more Bitcoin ETFs in the upcoming quarter. This has given a strong psychological boost to the buying side.
Long
by Rocky_trade_