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XAUUSD: Support Broken? Bearish Trend Continues!XAUUSD is currently trading in a clear downward channel on the H4 timeframe . After failing to break the resistance at 3,360 , the price reversed and is now testing the important support level at 3,320 . This support level has been tested multiple times in the past weeks. If this support is broken, the bearish trend could continue, with the next targets at 3,300 and 3,280. The market structure remains weak, with lower highs and lower lows , confirming that the selling pressure is dominant. If the price fails to hold the 3,320 support level, the likelihood of further declines towards lower support levels is very high. It’s crucial to closely monitor price action at these support levels. Stay tuned to market developments and prepare your trading strategy accordingly, as everything is shifting towards a stronger bearish move !
OANDA:XAUUSDShort
by Rocky_trade_
5
BTCUSDT: Continued Growth in the Short TermBTCUSDT is currently trading within a stable price range, with a clear uptrend channel forming. After bouncing off the strong support at 116,000 USD, BTCUSDT is likely to continue its bullish momentum, with the first target set at 123,000 USD. The latest news from the cryptocurrency market shows a growing confidence in Bitcoin, driven by positive signals from major financial institutions. Recent price corrections have created good buying opportunities for investors. The global economic situation, particularly the weakening of the USD and increasing institutional adoption of Bitcoin, is driving BTC's value higher. Trading Strategy: Buy: Enter a buy position when the price approaches the 116,000 USD support level again or breaks above 117,000 USD. Stop-loss: Set a stop-loss below the 116,000 USD support level to protect in case of a reversal. With the current market structure and supportive factors from both news and technical analysis, the bullish trend of BTCUSDT is highly likely to continue in the near term.
Long
by Rocky_trade_
EURUSD: Bearish OutlookFrom the chart, EURUSD is currently trading in an ascending price channel, but signs of a pullback have emerged from the 1.17300 level, suggesting a potential continuation of the decline in the short term. Recent economic data, particularly the PPI index from the U.S., has put significant pressure on the EUR, strengthening the USD and weakening the Euro. This may continue to maintain bearish pressure on EURUSD. Technically, the key support level to watch is 1.16264. If this level breaks, EURUSD could continue to decline towards lower support levels such as 1.16000. Bearish signals from technical indicators also support this pullback. Trading Strategy: Sell: Wait for a break below 1.16264 to enter a short position, with the next target at 1.16000. Stop-loss: Set a stop-loss above the resistance at 1.17300 to protect the account in case of a reversal.
Short
by Rocky_trade_
XAUUSD Continues Bearish Trend, Testing Key SupportGold is currently trading around 3,335 USD, closing near an important support zone, as highlighted in the chart. The precious metal continues its bearish trend, pressured by the 0.9% increase in the U.S. Producer Price Index (PPI) for July. This indicates persistent inflationary pressure, reinforcing the Fed's stance on maintaining high interest rates, which weakens gold's appeal. Technical Levels: The current price is approaching a key support zone between 3,328 USD – 3,273 USD, where a potential bounce could occur if price action confirms a reversal. The trend remains bearish as long as the price stays below the 3,370 USD resistance, consistent with the pattern of lower highs and lower lows. A break below the 3,328 USD support could trigger further downside, with the next target at 3,273 USD. Conclusion: With the PPI data adding pressure, and the price nearing a crucial support zone, the outlook remains bearish for gold. Traders should monitor price action at the support levels for potential sell opportunities.
OANDA:XAUUSDShort
by Rocky_trade_
4
UNOMINDA – Daily Timeframe Breakout Idea (Resistance Zone Break)UNO MINDA LTD. has shown a breakout above a key horizontal resistance level on the daily chart, accompanied by a nearly 1.5 times volume surge near the breakout, as seen earlier, supported by strong momentum. 🔍 Breakout Context: - Price broke above the ~₹1110 and 1120 horizontal resistance, which had held for over 6 months. - Breakout supported by more than average volume and just above average range near the resistance zone. - The price is also trading above both the 50- and 100-day SMAs, indicating strong trend continuation. - This aligns with a bullish continuation setup. 📉 Trade Plan: - CMP: ₹1149 - Entry: Near ₹1128 - Target: ₹1240 (~10% upside from CMP) - Stop-Loss: ₹1079 (Closing Candle) - Risk-Reward Ratio: ~1 : 2.2
NSE:UNOMINDALong
by ashutoshanand30
XAUUSD – Gold under pressure after US retail sales and UoM dataHello traders, today let’s take a look at the XAUUSD chart following the latest news and clear technical signals. On the H4 timeframe, price is moving within a descending wedge pattern, with multiple rejections at the trendline resistance (red arrows). The 3,346 – 3,373 USD area is acting as the main resistance, while the nearest support is around 3,310 USD. The current market structure leans bearish, with lower highs forming and buying momentum fading. From a news perspective, Core Retail Sales m/m came in at 0.3% (below the 0.5% forecast), indicating weaker consumer spending. However, UoM Consumer Sentiment rose to 61.9 and inflation expectations surged to 4.5%, leading the market to believe the Fed will keep interest rates higher for longer — strengthening the USD and putting pressure on gold. If price continues to be rejected around 3,346 – 3,373 USD, XAUUSD is likely to break below 3,310 USD and move toward the deeper support area near 3,285 USD. A suggested strategy is to prioritize SELL setups if price retests 3,346 – 3,373 USD with strong rejection signals, place stop-loss above 3,380 USD, and target profits around 3,310 and 3,285 USD. Do you think gold will break 3,310 USD in this move, or will it make one more pullback before heading lower?
OANDA:XAUUSDShort
by Rocky_trade_
4
BTCUSDT – Continuing the Uptrend, Targeting 124,000 USDBTCUSDT continues its strong uptrend, with price moving within a stable ascending channel. The nearest support is at 116,900 USD, where the price has bounced and maintained its upward momentum. Recent fundamental factors, including rising demand and positive market sentiment towards Bitcoin, are driving this growth. The next target for BTCUSDT is the resistance zone at 124,000 USD. If this level is broken, BTC could move towards 135,000 USD. Trading Strategy: Buy when the price tests support at 116,900 USD and wait for confirmation of continued upward movement. The target is 124,000 USD, and beyond that, 135,000 USD. Place a stop-loss below 116,000 USD. As long as the price remains above 116,900 USD, the uptrend remains intact.
Long
by Rocky_trade_
EURUSD – Continuing the Uptrend, New Targets AheadEURUSD is experiencing a strong recovery after testing the 1.16600 support level. The chart shows price moving within an ascending channel, continuing to form higher highs and higher lows, with the near-term target at 1.18000 and further at 1.18600. Buying pressure has returned as the price failed to break below the 1.16600 support, driving the uptrend momentum. In terms of news, although U.S. Core Retail Sales came in weaker than expected (0.3% vs 0.5%), indicating slower consumer spending, this provides an opportunity for EURUSD to rise. However, the overall sentiment remains tilted toward a weaker USD, which supports the uptrend for EURUSD. If price continues to hold above 1.16600 and breaks through 1.18000, EURUSD could continue its upward momentum towards higher levels. However, if the price breaks the 1.16600 support, the uptrend will be at risk.
Long
by Rocky_trade_
XAUUSD consolidates, awaiting a reboundFollowing last night’s US PPI data coming in higher than expected (0.2% vs. 0.0%), XAUUSD faced strong selling pressure as markets priced in expectations that the Fed will keep interest rates higher for longer. This boosted the US Dollar and Treasury yields, pushing gold down to around 3,346 USD. Technically, price is still moving within a wide sideways range between 3,284 and 3,450 USD, but the short-term trend remains capped by a descending trendline from recent highs. The 3,346 USD zone is acting as a trendline touchpoint, potentially leading to a sideways accumulation around 3,312 – 3,346 before a mild rebound. If the 3,284 USD support holds, the probability of a technical bounce toward 3,346 – 3,379 USD is high, especially as buyers may use the range’s lower boundary to accumulate positions. Conversely, a break below 3,284 USD could trigger stronger selling pressure toward 3,254 USD.
OANDA:XAUUSDLong
by Rocky_trade_
1
NIFTY Eyes Long on 25133- Bullish Breakout WatchTimeframe: 2-hour (H2) Entry Zone: Around current breakout level of 24,619 Target: 25,133 – aligns with a prior reaction high and measured move projection from recent swing range. Stop-Loss: 24,542 – just below the most recent higher low, protecting the setup if momentum fails. Reasoning: Price has been forming higher lows since August 7, indicating gradual strength building. Moving averages have turned upward, confirming short-term trend change. Previous sell-side liquidity zones have been cleared, reducing overhead resistance until the 25,133 area. Volume profile shows a gap zone between 24,650 and 25,100, often filled quickly in trending conditions. Risk Management: This is a swing-style setup within an ongoing uptrend on the lower timeframe but still needs confirmation from follow-through buying. Disclaimer: This chart is for educational discussion only and does not constitute financial advice or a recommendation to trade. Markets carry risk, and decisions should be based on your own analysis and risk tolerance.
NSE:NIFTYLong
by LEOLALENS-OFFICIAL
BTCUSDT – Uptrend ContinuesThe chart shows that Bitcoin (BTC) is moving within a strong ascending channel , with strong support at 117,300 USD. The current pattern indicates that each time the price tests this support level, BTC bounces back strongly, showing that buying pressure is dominant. The price has continuously broken through key resistance levels and is now heading towards 130,000 USD , where it may encounter strong resistance . Regarding the news, although there are no direct events impacting Bitcoin today, the global cryptocurrency market continues to benefit from the stability of other risk assets and growing interest in assets like Bitcoin. Expectations for cryptocurrency adoption in major countries and the increase in Bitcoin investment funds are also driving the uptrend. Currently, BTC is facing resistance at 3,407 USD, and if it breaks through successfully, it could continue to rise towards 3,450 USD. However, strong support remains at 3,330 USD, which could lead to a bounce if there is a minor pullback. Strategy: Buy around 117,300 USD, with a target of 130,000 USD. Stop loss below 117,000 USD to protect the position in case the support is broken.
Long
by Rocky_trade_
Strong USD, Gold "Holding Its Breath" at Key ResistanceYesterday, gold prices continued to trade within a tight range of 3,340–3,355 USD , reflecting the tug-of-war between buyers and sellers. Selling pressure is still present but not strong enough to break the key support level. On the news front: Both the U.S. Core PPI m/m and PPI m/m are forecast to rise 0.2% (vs. 0.0% previously), while unemployment claims are expected to dip from 226K to 225K . This signals inflationary pressure from the production side and a resilient labor market , which could prompt the Fed to maintain a tight monetary policy. A stronger USD puts short-term downward pressure on gold. From the chart: Gold is moving within a sideway range of 3,340 – 3,363 USD after being rejected at the 3,363 USD resistance zone. The price structure shows consolidation with minor technical pullbacks. The 3,312 USD support remains intact; if it holds, buyers may step back in. Suggested strategy: Look for buy opportunities around 3,312 – 3,320 USD if support holds, with a target at 3,363 USD. Place stop-loss below 3,305 USD to limit risk. Question: Do you think gold has enough momentum to break 3,363 USD and start a new bullish leg this week?
OANDA:XAUUSDShort
by Rocky_trade_
6
XAUUSD Drops $55, Bearish Trend Continues!Yesterday, XAUUSD plummeted from $3,398 to $3,342 , losing more than $55 in just one trading session. This sharp decline pushed XAUUSD below a crucial support level , signaling significant weakness . This drop confirms that gold is under strong selling pressure , with the market struggling to maintain upward momentum . Additionally, the m/m CPI came in at 0.3% , higher than the expected 0.2% . This indicates inflation is rising faster than anticipated, increasing expectations that the Fed will continue raising interest rates. This outcome could strengthen the USD , which typically leads to a drop in gold prices. This factor further supports the bearish outlook for XAUUSD. The price is now approaching a near resistance level at $3,362 , a key point that may limit further upside potential. The near support is located at $3,310, and this will be tested if the price breaks through the resistance at $3,362. Conclusion: With the combination of strong bearish price action, a stronger USD driven by CPI data, and technical structure supporting the downtrend, XAUUSD appears to be in a strong bearish trend. Risk management should be a priority as the price could test new lows near $3,310, and if this level breaks, the bearish trend could accelerate.
OANDA:XAUUSDShort
by Rocky_trade_
4
AXIS BANK | Swing Long Setup 📌 AXIS BANK – Wave 2 Completion & Potential Bullish Wave 3 Ahead 🚀 Axis Bank appears to have completed its corrective Wave 2 and may now be gearing up for the next impulsive rally — Wave 3, which is often the strongest in Elliott Wave theory. --- 🧩 Elliott Wave Structure Wave 1: Strong rally from the lows earlier in 2025, showing clear bullish intent. Wave 2: Completed as a complex W–X–Y correction , ending around the 50% Fibonacci retracement zone (₹1,079), which is a common reversal area in Elliott Wave patterns. The substructure inside Wave 2 (marked as a–b–c, w–x–y) shows corrective nature, indicating that the broader uptrend remains intact. --- 📈 Current Outlook & Key Levels Current Price**: ₹1,073 (hovering near 50% retracement level). Support Zones: ₹1,051 (38.2% Fib) – minor support. ₹1,005 (23.6% Fib) – strong support and Wave 2 invalidation watch. Immediate Resistance: ₹1,128 (61.8% Fib). Breakout Trigger : A sustained close above ₹1,182 will confirm strength and open the path for higher targets. --- 🎯 Upside Targets (Based on Fib Extensions of Wave 1) Target 1: ₹1,238 (100% projection). Target 2: ₹1,321 (127.2% extension) – strong Wave 3 projection zone. --- 🔍 Indicators & Market Context ✅ Price has respected the 50% Fibonacci retracement, showing early signs of buyers stepping in. ✅ Moving averages are starting to flatten, and a bullish crossover could be on the way once price pushes above ₹1,128. ✅ Volume remains moderate; a spike in buying volume on breakout would add confidence to the bullish scenario. --- ⚠️ Risk Management > If price drops below ₹1,005 (Wave 2 low), the bullish Elliott count would be invalidated, and deeper correction may follow. In such a case, it's better to step aside and wait for a fresh setup. --- 📝 Summary > Axis Bank seems to have finished its Wave 2 correction and is preparing for a possible Wave 3 rally. A breakout above ₹1,182 could start the next bullish leg towards ₹1,238 and ₹1,321. Until then, watch the key supports at ₹1,051 and ₹1,005. --- **Disclaimer:** This analysis is for educational purposes only and is not financial advice. Please consult a SEBI-registered financial advisor before making any investment decisions. #AxisBank #ElliottWave #SwingTrading #Wave3 #PriceAction #TradingViewIndia #TechnicalAnalysis ---
NSE:AXISBANKLong
by IMStockwala
EUR/USD – Bullish Momentum Still DominatesIn July, the USD rose sharply by around 3.2% thanks to strong GDP data and tax-cut expectations, but this momentum is now fading quickly. Weak employment figures and concerns over the independence of the BLS, following Trump’s dismissal of its head, have undermined confidence in the USD. Goldman Sachs, Citi, and Barclays remain bearish, projecting that EUR/USD could reach the 1.20 area in the medium term. EUR/USD has maintained an upward trendline since early August, rebounding strongly from 1.1450–1.1500, breaking through FVG, and consolidating above 1.1627. The HH–HL structure confirms the bullish trend. Above 1.1630, price could target 1.1750; a breakout above 1.1750 would open the way to 1.1780–1.1800 (top of the long-term channel). Trading Plan: Main Trend: Bullish Potential Buy Zone: 1.1630 – 1.1650 (upon confirmation signal) Short-term Targets: 1.1750 → 1.1780 Medium-term Targets: 1.1900 and potentially 1.2000 Sop-loss: Below 1.1600
Long
by Rocky_trade_
Gold is about to break out – Big buying opportunity!The chart shows that gold is trading in a clearly defined uptrend channel , with successive higher highs and higher lows, strengthening the solid bullish trend . Price action indicates strong support around 3,300 USD , and if it remains above 3,360 USD , the potential for gold to continue towards the target of 3,450 USD is highly likely. 3,450 USD is a key resistance level; if broken, gold could continue rising strongly to 3,480 USD , reinforcing the market's upward momentum. News supporting the bullish trend: The rumor that the U.S. would impose a 39% tax on gold imports from Switzerland triggered a strong buying wave, pushing gold above 3,400 USD . Although the rumor was later denied, the strong reaction still supports market sentiment and maintains the upward momentum. Additionally, expectations that the Federal Reserve will reduce interest rates in the near future are easing the pressure on gold, a non-yielding asset, making it an attractive investment option in a low-interest-rate environment. Forecast and trading strategy: Main Scenario (Bullish Trend): As long as gold stays above 3,360 USD, the upward trend will continue. The next target is 3,450 USD, with the possibility of extending to 3,480 USD if this level is broken. Entry conditions: Confirmation signals from price action, such as breaking resistance or a bullish candlestick pattern, will be strong entry points. Watch for the breakout of 3,400 USD as a potential buying opportunity. Risk management: Place a stop-loss below the key support level at 3,360 USD to protect your capital in case the market unexpectedly reverses.
OANDA:XAUUSDLong
by Rocky_trade_
8
XAUUSD – the bullish wave is not over yetHello fellow traders, Gold continues to maintain its impressive upward momentum after reaching a new high at 3,440 USD/oz. On the technical side , XAUUSD remains within its long-term ascending channel, currently trading around 3,397 USD and holding firm above the key support at 3,278 USD. On the news front , the rally is fueled by the US imposing a 39% tariff on Swiss gold bars, ongoing geopolitical tensions coupled with stagflation risks, and expectations that the Fed will soon cut interest rates. The Indian market has also hit record highs due to a weaker Rupee, while the widening spread between spot and futures prices reflects tightened supply conditions. Reference strategy: As long as price holds above 3,278 USD, the preferred scenario is short-term consolidation followed by a breakout above 3,534 USD, aiming for higher levels near the upper boundary of the channel. What do you think—does XAUUSD have enough momentum to break above 3,440 USD in this move?
OANDA:XAUUSDLong
by Rocky_trade_
8
BTCUSDT – 1H Chart Analysis📊 BTCUSDT – 1H Chart Analysis Current Structure • Market has been in a downtrend with a sequence of Lower Highs (LH) and Lower Lows (LL). • Price recently broke above the descending trendline and is now testing it for support. • Key horizontal levels marked in white and red provide both breakout and rejection opportunities. ⸻ 📈 Bullish Scenario (Breakout Confirmation) • Trigger: If price holds above 116,000 – 116,200 and closes 1H above trendline. • Entry Zone: 116,500 – 116,800 (post retest confirmation) • Targets: • TP1: 117,340 (immediate resistance) • TP2: 118,165 (strong supply zone) • Extended: 119,810 – 122,800 (major liquidity zone) • Stop Loss: Below 115,980 (trendline break + support fail) ⸻ 📉 Bearish Scenario (Rejection & Breakdown) • Trigger: If price fails to hold above the trendline and breaks below 115,980. • Entry Zone: 115,800 – 115,500 (after breakdown retest) • Targets: • TP1: 115,238 (previous demand) • TP2: 114,656 (strong support) • Extended: 112,000 – 111,984 (major demand) • Stop Loss: Above 116,700 (fakeout invalidation) ⸻ 💡 Summary: • Bulls need a clean hold above the trendline to reverse the downtrend structure. • Bears regain control if support breaks and price returns inside the descending channel. • Watch volume closely — a breakout with weak volume may lead to a fakeout.
by The_Mosess
BTCUSDT – pressure building before the breakoutMarket context: US trade policy eases restrictions for certain major tech companies → risk appetite improves. Expectations of a more dovish Fed → capital flows return to the crypto market. Sentiment & flows: Short-term Bitcoin holdings increase by around 20 billion USD → trading activity is heating up, but profit-taking pressure is also building. Investors are closely watching the 116,000 USDT level before adding aggressive long positions. 8H technicals: Support: 112,600 USDT – a zone that has repeatedly triggered rebounds, maintaining the bullish structure. Resistance: 116,000 USDT – the “gate” that could open the way to 123,000 USDT. Bullish scenario remains favored if price closes above 116,000 USDT with confirming volume. Key takeaway: The market feels like it’s “winding the spring” – tight consolidation before a potential breakout. A break below 112,600 USDT would invalidate the short-term bullish view and increase the risk of a deeper pullback.
Long
by Rocky_trade_
2
EURUSD – recovery aiming to test resistance zoneThe euro is benefiting from the weakening pressure on the US dollar as the market expects the Fed to loosen its monetary policy, combined with positive signals of trade cooperation between the US and Europe. This risk-on sentiment is supporting the short-term uptrend of EUR/USD. The price is moving within a short-term bullish structure and is approaching the resistance zone around 1.1770 , after rebounding strongly from the support area near 1.1630 . Recent pullbacks have been shallow and quickly absorbed, indicating that buyers still hold the upper hand. Base scenario: EUR/USD may consolidate in a tight range before breaking above 1.1770, opening room for further upside. As long as the 1.1630 support holds, any pullback can be seen as an opportunity to add long positions in line with the prevailing trend.
Long
by Rocky_trade_
2
XAUUSD – consolidating within range, awaiting breakout momentumGold is currently receiving strong support from news that the PBOC has been buying gold for nine consecutive months , bringing reserves close to 74 million troy ounces . This is a strategic move aimed at strengthening financial security and r educing reliance on the US dollar , which has created a positive sentiment in the market. On the H4 chart, XAUUSD remains range-bound between 3,344 and 3,408 , with strong rebounds from the lower support zone. The price structure suggests that selling pressure is weakening , while buying momentum is building a base. The preferred scenario is that the price will continue consolidating in a narrow range , then retest 3,344 before rising toward the 3,408 resistance and potentially higher if a breakout occurs. As long as support holds firm , the mild uptrend is likely to continue.
OANDA:XAUUSDLong
by Rocky_trade_
4