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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_
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_
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_
Gold Retreats Slightly as Traders Eye U.S.–China Trade TalksMarket Overview Gold (XAU/USD) is trading slightly lower today despite a weaker U.S. dollar, as markets turn their focus to the U.S.–China trade negotiations taking place in London. President Trump remains optimistic, but recent Chinese data shows a 35% drop in exports to the U.S. in May—marking the steepest decline since the 2020 pandemic era. Short-Term Outlook In the near term, gold’s direction will likely be determined by the outcome of the talks. A positive agreement could reduce risk aversion and put pressure on gold prices. Conversely, if tensions escalate, gold may surge as a safe-haven play. Dollar Dynamics The U.S. dollar index fell 0.2% today, improving gold’s appeal for foreign buyers using other currencies—a factor that’s partially cushioning the downside. Macro Risk Support Gold also finds underlying support from persistent geopolitical uncertainty between Russia and Ukraine, as well as broader concerns over a global trade slowdown. Investor Note According to Kevin Grady, President of Phoenix Futures and Options, last week’s decline was largely driven by short-term profit-taking, not a shift in long-term trend. 💬 What’s your take? Is gold building up for another run, or is this just a pause before deeper correction? 📊 Share your view below and follow for more updates.
OANDA:XAUUSDLong
by Edward_TradingFX
1
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_
Gold Slips Below Key Zone – Will Bulls Regain Control?Gold continued to decline against the U.S. dollar (USD) on Friday, dropping toward the psychological level of $3,300 and breaking below its ascending channel after the U.S. Nonfarm Payrolls (NFP) report pointed to a recovering labor market. For the bullish trend to regain momentum, the price needs to break above $3,350 and then push through $3,370 – a resistance level highlighted by Friday’s volatility – to target the key $3,400 psychological zone once again. To achieve this, a short-term downside correction appears necessary.
OANDA:XAUUSDLong
by AnnieeForex
2
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_
Gold on the Edge: Will Trade Talks or CPI Data Tip the Scale?The gold market remains highly volatile as the long-awaited trade negotiations between the United States and China officially begin in London. Ongoing tensions between the two economic giants continue to make gold prices highly sensitive. As talks unfold, investors are treading cautiously. Currently, gold is trading near the $3,330 level. In the short term, gold's direction will largely depend on the outcome of these negotiations. If both sides make progress, as President Donald Trump hopes, gold may pull back. However, if the talks stall and tensions escalate, the precious metal could surge as investors seek safety. Adding to the uncertainty is the upcoming release of the U.S. Consumer Price Index (CPI) on June 11. Should inflation rise sharply, traders may rotate capital into safe-haven assets like gold—potentially fueling another upward push in price.
OANDA:XAUUSDLong
by Edward_TradingFX
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 Gold Trading Strategy on June 10, 2025XAUUSD Gold Trading Strategy on June 10, 2025: Yesterday's trading session went as we expected when the gold price, after approaching the resistance zone of 3340 - 3345, fell sharply to the 330x zone. Currently, there are many possible scenarios today; however, if the price accumulates above the 3300 zone, the gold price will bounce back strongly. In my personal opinion, the price zone we need to pay special attention to is 3270 - 3275 for long-term trading. Important price zones today: 3270 - 3275, 3300 - 3305 and 3340 - 3345. Today's trading trend: BUY. Recommended orders: Plan 1: BUY XAUUUSD zone 3300 - 3302 SL 3297 TP 3305 - 3315 - 3335 - open. Plan 2: BUY XAUUSD zone 3271 - 3273 SL 3268 TP 3276 - 3286 - 3300 - open. Plan 3: SELL XAUUSD zone 3343 - 3345 SL 3348 TP 3340 - 3330 - 3320 - 3300 (small volume). Wish you a safe trading day and lots of profit.🌟🌟🌟🌟🌟
OANDA:XAUUSD
by teefitgum
1
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_
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_
EURUSD – In a tough spot as USD regains momentumThe sharp rise in ADP and ISM PMI forecasts is shifting market expectations: the Fed is now less likely to cut interest rates soon. This immediately supports the USD recovery and puts pressure on major currency pairs – EURUSD included. Looking at the H4 chart, we can see price being rejected around the 1.14480 resistance zone, right when the EMA 34 and 89 lines are starting to tighten – a sign that the bullish momentum is fading. At this point, price appears to be heading back toward the 1.13300 support zone, which has held several times before. If this level breaks, the bearish move could extend toward 1.12890.
Short
by Rocky_trade_
GBPUSD – Stalling at resistance, correction ahead?The market is reacting to a series of strong US economic data, especially the rising expectations for ADP and ISM PMI figures. This has boosted the USD, putting pressure on major currency pairs, including GBPUSD. Looking at the H4 chart, GBPUSD is trading near the resistance zone around 1.35959 while also testing a long-term descending trendline – a level that has previously rejected price multiple times. Notably, although price is still holding above the EMA 34 and 89 support zone, recent candles reflect clear hesitation, suggesting the pair is “stuck at a crossroads.” A reasonable technical scenario: if the price continues to be rejected at 1.35959 and breaks below the EMA confluence and support area at 1.34994, a short-term downtrend may resume. The nearest target would be around 1.34530 – a strong technical support that has held up price in the past.
Short
by Rocky_trade_
XAUUSD GOLD TRADING STRATEGY JUNE 4, 2025XAUUSD Gold Trading Strategy June 4, 2025: Yesterday's trading session was as we predicted when the gold price adjusted to the support zone of 3330 - 3335 and then increased again according to the main trend. Currently, the gold price is accumulating in the 3340 - 3345 zone. If the gold price cannot break this support zone, it will continue to increase strongly. We continue to wait for trading points at the support zones of the gold price. Important price zones today: 3318 - 3323, 3340 - 3345 and 3400 - 3405. Today's trading trend: BUY. Recommended orders: Plan 1: BUY XAUUSD zone 3340 - 3342 SL 3337 TP 3345 - 3355 - 3375 - 3400. Plan 2: BUY XAUUSD zone 3318 - 3320 SL 3315 TP 3323 - 3333 - 3353 - 3383. Plan 3: SELL XAUUSD zone 3403 - 3405 SL 3408 TP 3400 - 3390 - 3370 - 3350. Wish you a safe trading day and lots of profit.
OANDA:XAUUSD
by am945
XAUUSD Gold Trading Strategy June 4, 2025XAUUSD Gold Trading Strategy June 4, 2025: Yesterday's trading session was as we predicted when the gold price adjusted to the support zone of 3330 - 3335 and then increased again according to the main trend. Currently, the gold price is accumulating in the 3340 - 3345 zone. If the gold price cannot break this support zone, it will continue to increase strongly. We continue to wait for trading points at the support zones of the gold price. Important price zones today: 3318 - 3323, 3340 - 3345 and 3400 - 3405. Today's trading trend: BUY. Recommended orders: Plan 1: BUY XAUUSD zone 3340 - 3342 SL 3337 TP 3345 - 3355 - 3375 - 3400. Plan 2: BUY XAUUSD zone 3318 - 3320 SL 3315 TP 3323 - 3333 - 3353 - 3383. Plan 3: SELL XAUUSD zone 3403 - 3405 SL 3408 TP 3400 - 3390 - 3370 - 3350. Wish you a safe trading day and lots of profit.💗💗💗💗💗
OANDA:XAUUSD
by teefitgum