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Candlestick Analysis

LLY Daily: Navigating Key Levels - Two Strategic OpportunitiesOVERVIEW: LLY has recently undergone a significant correction from its highs, finding strong demand at a crucial support zone. Price action now presents two distinct, high-probability long entry scenarios based on the stock's interaction with key horizontal levels. My analysis outlines potential entry points, clear targets, and risk management. KEY OBSERVATIONS & MARKET STRUCTURE: Major Demand Zone Established: Following a notable pullback in early May, LLY found substantial buying interest within the lower green horizontal zone (approximately $680 - $710). This area has acted as a robust "Support Trade" zone, preventing further downside and initiating a corrective bounce. Corrective Rally & Intermediate Resistance: From this strong support, LLY mounted a decent rally, completing a clear W-formation or basing pattern (highlighted by the orange and blue zig-zag lines). Price is currently interacting with an intermediate resistance level / supply zone (the upper grey/light green horizontal zone around $755 - $775). This level represents a critical point of contention between buyers and sellers. Two Strategic Entry Scenarios: The current market context offers two distinct long entry approaches, each with its own risk/reward profile: Scenario 1: Breakout Trade (Orange Ellipse / "1st Entry Above 775") A. Condition: This strategy focuses on a decisive breakout and sustained close above the current intermediate resistance level (approx. $775). A strong daily candle closing above this zone would confirm bullish momentum. B. Entry: Look for price action to confirm the breakout, potentially on a retest of the broken resistance now acting as support (as indicated by the orange arrow and ellipse). An entry above $775 is targeted here. C. Risk Management: A stop-loss should be placed just below the breakout level and the recent swing low, ideally around $745.33 (bottom of the red box). Scenario 2: Support Trade (Blue Ellipse / "2nd Entry 710") A. Condition: This strategy anticipates a potential rejection from the current intermediate resistance, leading to a pullback to the primary demand zone (approx. $710). B. Entry: Look for strong bullish reversal signals (e.g., bullish engulfing candle, hammer, demand zone rejection) if price retraces to the lower demand zone around $710 (indicated by the blue arrow and ellipse). This offers a potentially lower risk entry with a better risk-to-reward ratio for the same targets. C. Risk Management: A stop-loss would be positioned just below the main support zone, around $675.70 (bottom of the larger red box). POTENTIAL TARGETS: Regardless of the entry scenario, our upside targets remain consistent based on prior price structure and supply zones: • 1st Target: $860 (Green Zone): This is a significant resistance level from earlier price action, representing the first major hurdle for buyers. • 2nd Target: $920 (Upper Green Zone): This represents the ultimate upside target, aligning with the previous all-time highs and a major supply zone. INVALIDATION: • For "Breakout Trade" (1st Entry): A sustained daily close below $745.33 would invalidate this specific trade idea. • For "Support Trade" (2nd Entry): A sustained daily close below $675.70 would invalidate the entire bullish bias derived from the primary demand zone and suggest further downside is likely. CONCLUSION: LLY is presenting clear technical setups after finding substantial support. Traders can opt for an aggressive Breakout Trade if momentum sustains through intermediate resistance, or a more conservative Support Trade if price retraces to the established demand zone. Both strategies aim for significant upside potential towards $860 and $920, with clearly defined risk management levels. Risk Management is Paramount : Always adhere to your stop-loss and position sizing to protect your capital. This is not financial advice; do your own research. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NYSE:LLYLong
by ManiMarkets
The long strategy has been successful, pullback and go long📰 Impact of news: 1. European Central Bank deposit facility rate in the eurozone as of June 5 2. Initial jobless claims data 3. Non-farm payroll data 4. Worsening geopolitical situation 📈 Market analysis: At present, the gold price has broken through the previous highs of 3392 and 3395. There is no obvious peak signal in the short term. At the same time, as the gold price continues to rise, the lower support will also move up in the short term, and the 4HMACD has a golden cross trend. In the short term, pay attention to the 3385 support below and the 3410 resistance above. The 1H indicator is close to the overbought area. We still need to be vigilant about the risk of rising and falling. If the gold price retreats to 3390-3385, we can consider going long with a light position. 🏅 Trading strategies: BUY 3390-3385-3375 TP 3400-3410 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
Nifty bounce between Trendline resistance and Mother lineWe Saw a jump of 130 points in Nifty today. The jump could have been higher if trend line resistance would not have come into play. This trend line resistance which came into effect is exactly around 24899 as it can be seen in the chart which was also the day's high. After making this high Nifty fell again until Mother line support present near 24706 again came into act for Nifty to close near 24750. Thus the supports for Nifty now remain at: 24706 (Mother Line Support), 24613 (Low of today) and Father line Support near 24508. Below 24508 there will be further weakness and Bears will take control of the market. The Resistances for Nifty now remain at: 24767, 24843, 24899 (trend line resistance), and 24971(Another Trend line resistance). Above 24971 closing Nifty will gain strength again and Bears can pull the market upwards towards 25074 or 25132. Closing above 25132 will be very good for the market as there seems to be a pure Bull territory above this zone. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Is Fartcoin Meme Coin About to Crash Hard?In the ever-evolving world of crypto investment, memecoins continue to attract waves of speculative interest, even as their real-world use remains effectively nonexistent. One such meme coin token that’s recently caught the attention of traders and meme enthusiasts alike is Fartcoin—a cryptocurrency as ridiculous as its name implies. While Fartcoin may not be suitable for serious applications, it presents a fascinating case study in how to trade memecoins based purely on supply and demand imbalances. The Origins of Fartcoin Fartcoin emerged, predictably, as a joke. Like most memecoins, it was born not out of innovation but out of internet culture. Designed with no technical edge, no roadmap, and no ecosystem, its primary function is virality—riding the waves of social media hype and influencer shills. Fartcoin’s creators never intended it to disrupt finance or decentralize the web; they just wanted to make people laugh (and perhaps get rich in the process). Yet, despite the lack of fundamentals, Fartcoin gained traction, thanks to Twitter and X memes, Reddit threads, and YouTube influencers who thrive on ironic tokens with humorous names. This is the bizarre paradox of memecoins and crypto investment: irrational exuberance often beats utility. Why Fartcoin (Like All Memecoins) Can’t Be Used in Real Life Let’s be clear—memecoins like Fartcoin offer no practical use. Unlike Bitcoin (store of value) or Ethereum (smart contract infrastructure), Fartcoin can’t pay for goods or services, nor does it solve any technological or economic problem. It exists solely for speculation. Most real-world businesses won’t touch it. It lacks a stable price mechanism, a credible development team, and a long-term value proposition. In other words, Fartcoin is entirely unfit for real-life utility, making it a textbook example of a speculative asset detached from fundamentals. Technical Analysis: Supply Level Suggests a Dump Is Imminent While Fartcoin may lack intrinsic value, it offers opportunities for active traders who understand market psychology and how to trade cryptos. Currently, the price action reveals a notable supply imbalance around the $0.8982 level—a monthly supply zone that has acted as a key area of institutional selling pressure. This level is currently “in control,” meaning buyers have consistently failed to push through this resistance. Price is now hovering close to this supply level, suggesting a high probability of rejection. For traders familiar with trading memecoins, this presents a prime opportunity to take short positions using futures contracts available on select cryptocurrency exchanges, such as Kucoin, Binance, and ByBit.
Short
by AlfonsoMoreno
Bull market returns? Aiming at 3400?📰 Impact of news: 1. New uncertainty in Russia-Ukraine negotiations 📈 Market analysis: The current trend of gold prices is erratic and discontinuous, and only swing trading can be adopted during the day. In the short term, there is a certain pressure at 3385-3395 above. If this resistance area is broken, the gold price is expected to continue to rise. The short-term support below FOREXCOM:XAUUSD is at 3350-3340. At present, the news has a greater impact on the gold price, coupled with the support of market risk aversion, so in the short term, attention should be paid to the break of the upper resistance. 🏅 Trading strategies: BUY 3370-3365 TP 3385-3395-3400 SELL 3395-3400 TP 3380-3370 BUY 3350-3340 TP 3370-3380 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
EURUSD Volatility Alert - ECB Rate Decision/US Non-farm PayrollsEURUSD has experienced a choppy start to the week so far. Initially trading from opening levels around 1.1345 up to a 6-week high of 1.1455 early Tuesday morning, before running into profit taking and then bouncing between these two levels in response to various drivers, including updates on US/China trade discussions, Eurozone inflation, US economy ,and constantly changing interest rate differentials. Looking forward, there may be potential for this type of price action to continue over the next two trading days, as traders first digest the ECB interest rate decision, which is released at 1315 BST later today, then the comments of ECB President Lagarde in the press conference that commences at 1345 BST. A 25bps (0.25%) interest rate cut from the ECB is fully anticipated, so is unlikely to cause much of a stir. However, comments from Madame Lagarde in the press conference could lead to volatile EURUSD price action, depending on if she outlines whether policymakers remain open to further cuts, as Eurozone inflation (May CPI 1.9% YoY) moves below the central bank’s 2% target, or if now is the time for a pause to assess the potential impact of US tariffs and future European defence/infrastructure spending. On Friday, the dollar side of the EURUSD currency pair, could be impacted significantly by the outcome of the latest update on the US labour market in the form of the US Non-farm Payrolls release at 1330 BST. Data out earlier in the week has so far offered a mixed assessment of the US labour market during the on-going trade tariff uncertainty. However this payrolls update is the one that usually grabs the attention of traders and investors and probably holds more significance. Their focus is likely to be on the direction of the unemployment rate (currently 4.2%) and average hourly earnings, where any large deviation from market expectations may see EURUSD volatility increase into the weekend, especially if it indicates a weakness in the US economy. Technical Update: Today’s ECB announcement, followed by payrolls on Friday, has the potential to be the next important EURUSD sentiment driver, with the reaction to these events possibly offering clues to the next path for price activity. It has already been an impressive recovery in EURUSD since the May 12th session low at 1.1065, a move that has now seen closing breaks above resistance at 1.1425, which is equal to the April 28th last recovery failure high. However, as we approach the ECB decision and payrolls release, what are the potential support and resistance levels traders may be watching? Potential Resistance Levels: Price strength so far this week has been capped by sellers at 1.1455 on June 3rd. As such, this level represents a first possible resistance focus, as having found sellers at this point previously, they may be found again. While breaks above the 1.1455 high will not guarantee continued price strength, it could open potential for an upside push in price towards the April 21st high 1.1573, possibly further, if this were to give way on a closing basis. Potential Support Levels: After a period of price strength, such as that seen since the May 12th low, it is potentially the 38% Fibonacci retracement of the upside move, which in EURUSD stands at 1.1306, that may be viewed as a first support. As such, if breaks below 1.1306 are seen over coming sessions, it may lead to a deeper decline in price towards 1.1214, which is the 61.8% Fibonacci retracement, possibly further. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Gold price fluctuates before NFP data, be careful📰 Impact of news: 1. European Central Bank deposit facility rate in the eurozone as of June 5 2. Initial jobless claims data 3. Non-farm payroll data 4. Worsening geopolitical situation 📈 Market analysis: Since the release of ADP data last night, gold prices have been rising all the way, reaching a high of around 3382, which is in line with the expected resistance of 3385-3395 we saw yesterday. Currently, the bulls are stable above 3330, and the gold price is still in a bullish trend on the daily chart. Although the current market is in a state of consolidation, there is a possibility of a surge and fall in the short term. Only after a negative line correction occurs, it may continue to be bullish. In short-term trading, pay attention to 3385-3395 on the top and the opportunity to retreat to 3365-3355 on the bottom. Pay attention to data such as initial jobless claims and tomorrow's non-agricultural data. 🏅 Trading strategies: BUY 3365-3355-3345 TP 3370-3380-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
THE FLEX SETUP (EURGBP)Good day traders, I'm back with another setup and it’s only an update that I believe can really provide insight into what to expect from price in the upcoming weeks. Like I always say that I always want to see price take out a previous week high/low as I use that as a confirmation in term of the power of 3 that I use to try and avoid manipulation, but this doesn't mean I don't get on the wrong side of price moves. Looking at the HTF's overall structure we can see that we in a very bullish structure but... There's a bearish flow in price!! On the weekly TF price left a large FVG(BISI), showing how strong the bullish structure is and now that price is trading on top of this BISI I'm mentioning. If we go one TF lower to the daily TF than on the daily the weekly BISI is a balanced price range and normally how I look at Gaps after been balanced, I treat them like classic support/resistance, but they have to confluence with another PD array first than for me the rules of 'support/resistance' come into play. If you look close into the daily TF, we have relative equal highs inside the volume imbalance created on the 12th of May. Let's look at how price delivered since opening with a gap lower on the 12th, on that same day price repriced that gap but did not close above it. Why do we want it to close above it? Well ICT teaches more on volume imbalances and the rules or pros and cons. If price closes above the volume imbalance than it becomes balanced once price retests the closure above/below obviously depending on the gap opening. On the 4HTF we saw price shift structure higher and the first thing I see is the candle that had a broken lower high because it also became our breaker. And a FVG inside it making that zone stronger again we can use all the PD arrays together.
Long
by FxPipMaster_TebohoMatla
Market situation unclear? Check out this analysis📰 Impact of news: 1. ADP data is significantly positive 2. Trump: "Mr. Too Late" Fed Chairman Powell must cut interest rates now 📈 Market analysis: The ADP data is significantly bullish, but we cannot rule out that this is an illusion created by the market, because although the daily line has formed a golden cross, it has not fully released the bullish momentum, and has not been able to exert force in the bullish upward trend. Therefore, I prefer to go long at a low position in the US market rather than chasing it immediately. At the same time, the upper 3365 may become a short-term strong pressure level. If the gold price encounters resistance here, the US market will usher in a retracement, and then it will be our time to go long. 🏅 Trading strategies: SELL 3360-3365 TP 3340-3330 BUY 3330-3317 TP 3360-3370-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell-2
Types of Engulfing Candles!In trading, an Engulfing candle (or Engulfing pattern) is a two-candle reversal pattern that can indicate a potential change in market direction. It is commonly used in technical analysis in both bullish and bearish contexts. Types of Engulfing Candles 1. Bullish Engulfing Pattern: Occurs during a downtrend. The first candle is bearish (red or black), showing continued selling pressure. The second candle is bullish (green or white) and completely engulfs the body of the first candle (its open is lower and close is higher). This pattern signals a potential reversal to the upside. 2. Bearish Engulfing Pattern: Occurs during an uptrend. The first candle is bullish. The second candle is bearish and completely engulfs the first candle's body (its open is higher and close is lower). This pattern signals a potential reversal to the downside. Key Characteristics The second candle’s body must fully engulf the first candle’s body (wicks/tails are not necessary to engulf). The stronger the engulfing candle (in terms of size and volume), the more significant the signal may be. Often more reliable when confirmed with volume or used in conjunction with other technical indicators (e.g., RSI, support/resistance levels). Example: Bullish Engulfing Example: Day 1: Bearish candle opens at $100 and closes at $95. Day 2: Bullish candle opens at $94 and closes at $101 — it completely engulfs Day 1's body. This would suggest a potential shift from sellers to buyers.
OANDA:XAUUSD
by Peter_Wade
Continue to short gold after the reboundTechnical analysis: Gold rebounded after hitting 3333 overnight. So far, it has reached 3361. However, it can be clearly seen from the rebound process that the rebound is not strong, so I think the rebound space may not be too high. In the short term, it faces resistance in the 3365-3375 area. The strong resistance above the 3390-3400 area still exists, so it may be difficult for bulls to make a major breakthrough in the short term; and the support area below in the short term is in the 3340-3330 area, and the important support is in the area around 3320; Trading strategy: Consider shorting gold in the 3365-3375 area, TP: 3350-3340
OANDA:XAUUSDShort
by Steffen_Schade
USD/CHF: Squeeze Risk Builds After Bullish ReversalRisk of a countertrend squeeze in USD/CHF is building after it printed a bullish engulfing candle on Tuesday, breaking out of the falling wedge it had been trading in over recent weeks. While the price signal alone is bullish, to get excited about the prospect of a meaningful squeeze higher, USD/CHF needs to clear minor resistance overhead at .8246. If it can get a foothold above this level, it would generate a setup where longs could be established with a stop beneath for protection. .8333 looms as a potential target—a known resistance level that also has the key 50-day moving average sitting just above it. Momentum indicators remain bearish but are starting to turn higher, suggesting the bearish flows that pushed USD/CHF to multi-week lows on Monday may be starting to ebb. Good luck! DS
Long
by FOREXcom
Buy gold, TP: 3355-3365Technical aspect: Gold stopped falling and rebounded after touching 3333. The highest price has only rebounded to 3353. It seems that the bullish potential is weak and the rebound is weak. However, the gold candlestick chart closed with a long lower shadow after touching 3333, proving that there is a certain degree of buying support below; if gold can maintain above 3340-3330 in the short term, gold bulls still have the opportunity to rebound to 3355-3365; From the perspective of morphological structure, as long as gold remains above 3330, the gold bull structure has not been effectively destroyed, and bulls still have the opportunity to counterattack. It also proves that the buying support below is effective, and the bottoming and rebounding structure is established in the short term, so we can still consider continuing to go long on gold in short-term trading. Trading strategy: Consider the 3345-3335 area as support, and try to go long on gold in small batches;TP:3355-3365
OANDA:XAUUSDLong
by Steffen_Schade
Long orders have made profits, gold layout in the evening📰 Impact of news: 1. Economist: The Federal Reserve may cut interest rates sharply in December 2. Lee Jae-myung, candidate of the Democratic Party of Korea, was elected president of South Korea 📈 Market analysis: Currently, the gold price is in a consolidation pattern, showing an overall volatile pattern during the day. The hourly Bollinger Bands are opening downward, and the MACD indicator is running in a dead cross. In the short term, the bears have a certain advantage. However, observing the 4H level, it can be found that the RSI indicator crosses when entering the overbought area, suggesting that the risk of a correction in the short term has increased. For evening operations, it is recommended to wait for the gold price to stabilize before entering the market, focusing on the important support of 3335-3325. If it obtains effective support and stabilizes in this range, the gold price may resume its upward trend. If it falls below 3325, the bullish momentum will be weakened. Therefore, it is recommended to wait for a pullback to 3335-3325 to go long in the US market, and look to 3350-3370 in the short term. 🏅 Trading strategies: BUY 3335-3325 TP 3350-3370-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
The latest trend analysis and operation layout of Europeanmarket📰 Impact of news: 1. Speech by the Federal Reserve during the US trading session 2. Geopolitical and tariff issues 📈 Market analysis: Recently, the escalation of the Russia-Ukraine conflict and global trade tensions has pushed international gold prices to rise strongly. Although Russia and Ukraine reached a consensus on prisoner exchange in the second round of negotiations on Monday, the ceasefire agreement remained deadlocked. Coupled with the US announcement of additional steel tariffs, geopolitical risks and economic uncertainties stimulated risk aversion sentiment. From a technical perspective, the upward trend of gold since 3120 is clear. After breaking through 3340 on Monday, it accelerated to test the 61.8% Fibonacci resistance level of 3396, but the pressure at the 3400 integer mark is significant. At the same time, 3330 below is still the current key support level. The current decline in gold prices is more like a technical correction to yesterday's rise. Yesterday, we reminded everyone to pay attention to the 3355 level. The intraday operation suggestion for the European session is 3355-3345. You can try to go long and look at the 3370-3380 line. If it breaks through effectively, it will test the 3396 or even 3400 line; if it fails to break through the upper resistance, it will fall into a range of fluctuations. 🏅 Trading strategies: BUY 3355-3345 TP 3370-3380-3390 SELL 3370-3380 TP 3350-3340-3330 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
Under pressure in the short term, short gold after rebound!In the short term, gold has risen sharply under the simultaneous stimulation of tariffs and geopolitical conflicts, but it has gradually fallen back after reaching around 3392, and has not broken through the 3400 mark in one fell swoop, indicating that the bullish momentum does not have the potential to continue to rise for the time being, so it may still need a certain degree of technical support, so gold has a need to retrace in the short term; In addition, if gold continues to retrace, then there may be a structural form at the technical level that offsets the short-term double bottom structure support, so gold may also form a double top structure in the short term. The first thing we need to pay attention to is the resistance near 3370, followed by the resistance near 3390; and below we must first pay attention to the support near 3345, followed by the 3330-3320 support area. Trading strategy: 1. Consider continuing to short gold in the 3370-3380 area, TP: 3355-3345; 2. If gold first retreats to the 3345-3335 area and does not fall below this area, consider going long on gold; TP: 3360-3370
OANDA:XAUUSDShort
by Steffen_Schade
Safe Haven Demand Places Gold Front and CentreYou could have been mistaken into thinking that the down move in Gold at the back end of last week, which saw it trade to a low of 3271 on Friday and then close the week only slightly higher at 3288, was the type of price action that reflected tired long positioning and may have led to further tests of deeper support levels between 3245 (May 28th low) and 3204 (May 20th low). However, that has not been the case, with traders rushing back to Gold as an important safe haven asset, as a rise in trade tensions between the US and China and an escalation in geo-political risks after Ukraine carried out long range drone strikes deep into Russia on Sunday, while Russia carried out attacks on Kyiv, threw the outcome of crucial peace talks between the two nations into doubt. Yesterday, this fresh demand for Gold saw prices surge 2.8% to a high of 3383 and then continue that move up to a high of 3392 this morning in early Asia trading before some profit taking led prices back lower towards 3350 area again. Looking forward across the rest of today, and the remainder of the week, Gold could remain in focus for several reasons, the first as traders await the outcomes of key data updates on the health of the US economy provided by the ISM Services PMI survey released tomorrow at 1500 BST, then by the Non-farm Payrolls release which comes out on Friday at 1330 BST. The second reason may well be as traders await fresh news regarding the progress of trade negotiations between the US and China, which includes an update on whether President Trump and Xi will speak directly to each other at some stage this week. Yesterday the White House stated again that a call between the leaders of the world's two biggest economies was likely, however there has been no comment from the Chinese side so far. The third, could be linked to how Russia and Ukraine move forward this week after peace talks concluded yesterday in Istanbul with very limited progress on a ceasefire or peace deal. Traders may well remain sensitive to news of any fresh attacks, the potential of further peace talks or comments from President Trump on the current stalemate. Technical Outlook: Back to Potential Resistance? It has been an impressive rally in the price of Gold since the 3120 May 15th session low, as both geo-political and trade tensions have increased again. This activity might be leading some to ask if this price strength may open a more sustainable phase of price strength, or represent a limited price recovery, before selling pressure materialises again. Much will clearly depend on future market sentiment and news updates to help us gauge the answer to these potential questions, but does technical analysis offer clues to possible future price trends? Potential Resistance Levels: As impressive as latest price strength appears, traders may well now be asking, has this advance broken important resistance levels which could suggest possibilities of a push to higher levels? So far at least, it might be argued that it hasn’t yet. From a technical perspective, evidence of selling pressure developing at a lower level each time a price recovery is seen, might be an indication that sellers are happy to be active earlier. This may be construed as a potentially negative sentiment, which may in time lead to further price declines. So far this morning on June 3rd, at the time of writing, the latest recovery high has been 3392, which is lower than the upside extreme posted at 3435, on May 6th. Traders may be focusing on this 3435 failure high as a resistance level and an important point that may need to be broken to suggest the pattern of lower price highs is ending. A successful break of these 3435 highs if seen, might then suggest a more extended phase of price strength back towards the 3500 April 22nd all-time Gold high. Potential Support Levels: To the downside, price weakness appears to have recently been supported by 3289, which is equal to the 38.2% Fibonacci retracement of May 15th to June 3rd strength, and if the pattern of lower highs and lower price lows is to extend, it might be closing breaks under 3289 that skew risks to the downside. Such downside breaks while not a guarantee of further price weakness, might lead to further price weakness towards 3225, which is the lower 61.8% Fibonacci retracement, and even on to 3120, which is the May 15th session price low. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
Nifty Analysis EOD – June 3, 2025 – Tuesday🟢 Nifty Analysis EOD – June 3, 2025 – Tuesday 🔴 Opening Sentiment vs. Reality: A Day of Dual Personality Nifty opened with a 70-point gap-up above the previous day’s high, carrying a positive vibe. In just one minute, it surged another 57 points, marking the day’s high at 24,845. However, that bullish momentum didn’t last. The index faced strong resistance, leading to a sharp 243-point drop within 15 minutes, breaching CPR and the previous swing low to hit the first Current Day Low (CDL) at 24,601.30. Despite the jolt, Nifty showed resilience—bounced back from the 24,625–24,640 zone, recovered to VWAP, and even retested the PDH. Yet again, it failed to hold above 24,700, echoing the morning's rejection. A second wave of selling took Nifty to a fresh low of 24,502.15 mid-session. The closing wasn’t any better. Nifty quietly slid again, retested the breakout zone, and closed at 24,542.50, nearly at the intraday low—a day that started with hope ended on a pessimistic note. Interestingly, India VIX also dropped, despite the downward market move—signalling premium crush and a double whammy for option buyers who got the direction right but profits wrong. 🛡 5 Min Chart with Levels 📊 Daily Summary Highlights ✅ Gap-up Start but sharp reversal 📉 Both PDH and PDL tested intraday 📉 Marubozu Engulfing Candle ⚠️ Closed below Higher Swing Low – a potential trend-shift signal 🕯 Daily Time Frame Chart 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,786.30 High: 24,845.10 Low: 24,502.15 Close: 24,542.50 Net Change: −174.10 (−0.70%) 🕯 Candle Structure Real Body: 243.80 pts (Big red candle) Upper Wick: 58.80 pts Lower Wick: 40.35 pts Interpretation A classic bearish reversal day. Price opened higher, reached a new high, but was aggressively sold off, closing near the day’s low. This large-bodied red candle with small wicks shows clear control by the bears. Candle Type 🟥 Bearish Marubozu-like Candle Strong rejection at highs Bearish dominance confirmed Lower close signals momentum continuation to the downside Key Insight 24,845 now acts as a firm resistance. Break below 24,500 could accelerate correction. Bulls need to defend 24,500–24,520 zone decisively to avoid further weakness. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 279.13 IB Range: 243.80 → Medium IB Market Structure: Balanced Trades: 🔻 12:50 PM – Short Triggered → 📍 1:1 Target Achieved, but timeout 📌 Support & Resistance Zones Resistance Levels 24,600 24,625 ~ 24,640 24,660 24,727 ~ 24,737 24,768 ~ 24,800 24,820 24,882 24,894 (Strong Resistance) Support Levels 24,530 ~ 24,480 24,460 24,420 ~ 24,400 24,365 ~ 24,330 24,245 ~ 24,240 💭 Final Thoughts The market showcased a classic reversal and punished emotional entries. Despite the gap-up euphoria, technical levels reigned supreme. The break below swing low could signal caution for bulls in the coming sessions. 📌 "Respect the levels, not the emotions. Every bounce is not a bottom; every fall isn’t a crash." ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia