Price continued to push to the downside last week after a brief push to the upside. I expect price to continue selling momentum throughout this week after a price action confirmation at this current level on the 4 hour or 1 hour time frame. TP set at 36975.
After the markets close, new capital inflows will help gold rise due to the current structure. Selling pressure will begin near the price of 3500.
No Bearish Divergence yet on Shorter TF. Good Support is around 465 - 467. However, Crossing 520 with Good Volumes may lead it towards 600+ Even In worst case, it should not break 400.
The OANDA:NZDCAD pair is respecting a clear bearish market structure on the weekly timeframe. Price remains below the Ichimoku cloud (Span A at 0.8081 and Span B at 0.8218), confirming ongoing bearish momentum. Price is now hovering around the Point of Control (POC) from the volume profile of the last major move — between 0.822 and 0.815, an area of high transaction activity and potential resistance. This zone presents a valid area to initiate short positions, especially given the lack of bullish breakout. However, the optimal supply zone lies slightly higher between 0.823 and 0.838, which also corresponds to the second-highest volume node in the current range. If price pushes into this area and shows rejection, it may offer a cleaner entry for higher reward setups. The target for this bearish scenario is the previous swing low at 0.7687, which marks a significant support level. The invalidating level for the bearish bias is a break above 0.8480, which sits above the recent structural high. Trade Setup Summary: Short Entry Zone 1 (aggressive): 0.822 – 0.815 (POC area) Short Entry Zone 2 (optimal): 0.823 – 0.838 (supply zone) Stop Loss: Above 0.8480 Target: 0.7687 The TSI indicators are near neutral but slightly negative: TSI(10): -0.13 TSI(20): -0.04 This confirms the bearish pressure remains, but the move is not oversold, leaving room for further downside continuation. The New Zealand dollar remains under pressure due to softening economic data and expectations of dovish monetary policy from the RBNZ, while the Canadian dollar has recently found support from stronger oil prices and relatively stable BoC guidance. Although both currencies are commodity-linked, CAD's correlation with energy gives it an edge in current conditions. As long as this divergence holds, the bias on NZD/CAD remains to the downside, in line with the current technical structure. Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
Hidden Bullish Divergence on Weekly TF. Crossing & Sustaining 44.20 may lead it towards 55 initially & then towards 65 -70 -80 if there wont be any Bearish Divergence. But if it closes below 30, more Selling Pressure can be seen.
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Just opened a new long position on BME:VANA $5.225 target ? I anticipate pump will start soon- Maybe next 4 minutes leading into daily close Entry is a bit aggressive. Not necessarily according to my DTT rules but I think price is low enough and stop provides good invalidation. Only risking a small size on this. $0.25% on 100k funded.
OANDA:AUDJPY is showing signs of a bullish reaction from the key support zone between 89.00 and 86.00, an area that has acted as demand multiple times in the past. Price remains below the Ichimoku cloud (Span A at 92.13, Span B at 96.63), but the structure is still technically bullish as long as the current support holds. The Trend Strength Index (TSI) indicators are deep in oversold territory: TSI(10): -0.83 TSI(20): -0.86 This signals that bearish momentum is weakening, and a bounce is likely if the support zone continues to hold. The market could now aim to retest the 97.47 – 100.73 resistance area, which aligns with the cloud base and recent structural highs. A bullish breakout above 100.73 would confirm a continuation of the bullish trend, with a potential new higher high toward 109.17 — the previous major swing high. On the other hand, if price breaks below 86.00, the bullish structure would be invalidated, possibly marking the beginning of a trend reversal and opening the door for deeper declines. Scenarios to Watch: Bullish Continuation (If Support Holds) Entry from: 89.00–86.00 Resistance/TP zone: 97.47 – 100.73 Break above 100.73 targets: 109.17 Structure remains bullish above 86.00 Bearish Breakdown Break and close below 86.00 invalidates the bullish thesis Retest of broken support may act as resistance Lower lows expected if support fails AUD/JPY is a cross driven by risk sentiment and yield differentials. The Reserve Bank of Australia has adopted a cautious stance, holding rates steady while keeping the door open for tightening if inflation picks up. Meanwhile, the Bank of Japan maintains an ultra-loose policy, though speculation about a slow shift toward normalization is growing. As a result, AUD/JPY remains sensitive to shifts in risk appetite and global yields. A continued risk-on environment would support AUD strength and help maintain the bullish structure — but any risk-off sentiment or sudden JPY strength could quickly shift the pair lower. Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
No Bearish Divergence on Monthly Tf. But 39-40 is a Very Strong Resistance that needs to Cross & Sustain with Good Volumes to reach 45 - 46 & then 50+ We should not ignore that it has taken Support from a Very Important Fib level around 32.40 Monthly Closing above 33.60 would be a Very Healthy sign. So any dip towards 32.50 - 33.50 can be a Buying Opportunity. However, it should not break 31.80 otherwise we may witness further Selling Pressure towards 28.50 - 28.70
Wait for PA to pullback to VWAP after recent advance (100). VWAP may provide a good entry for a swing to TP2. Good risk to reward, stop just below lower band (light blue) loss = 1% of acct. 30% profit taking at TP1, exit at TP2 or if PA closes under TP1 after hitting TP1.