#nzdchf: Strong Bullish Patterns 🇳🇿🇨🇭
I see 2 strong bullish patterns on 📈NZDCHF after a test
of a recently broken horizontal structure.
The price formed a double bottom pattern on that,
bounced and violated a resistance line of a bullish flag.
We can expect that the market will continue rising now.
Goal - 0.4622
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1H time frame
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💹 GBP/JPY Trading Setup 💹
BUY if price closes above 213.620
🚫 SL: 213.520
🎯 TP1: 213.900
🎯 TP2: 214.210
━━━━━━━━━━━━━━━
🔴 SELL if price closes below 213.300
🚫 SL: 213.400
🎯 TP1:213.080
🎯 TP2: 212.820
📊 Analysis:
GBP/JPY is moving inside a key breakout zone. A strong candle close above 213.620 may confirm bullish momentum toward higher resistance levels. On the bearish side, a break below 213.300 could signal selling pressure continuation toward lower support zones. Wait for candle confirmation before entry to avoid false breakouts.
Never give up.
Those three words sound simple. But they are the hardest thing you will ever do. You will feel tired. You will feel broke. You will feel like nothing is working. People will leave. Trades will go bad. Plans will fall apart.
So what. Giving up is easy. Anyone can quit. Anyone can walk away and blame the world. But not you. Not today. You fall down seven times? Get up eight. You lose ten trades in a row? Study and take the eleventh. Nobody believes in you? Believe in yourself twice as hard.
The finish line does not care how many times you stumbled. It only cares that you kept moving.
GOLD (#xauusd) is in a Bearish Structure Now 🥇
According to a price action analysis, 📉Gold is now trading in a downtrend
after a new lower low close formation on a daily time frame this week.
The market is positioned to drop lower and reach the 4380 level soon.
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Daily time frame
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GBP/USD was trading at 1.3428 on Thursday, following a period of volatility after the release of UK inflation data, which came in weaker than expected despite geopolitical tensions over Iran and rising oil prices.
The UK Consumer Price Index (CPI) slowed to 2.8% in April, down from 3.3% in March, while the market had anticipated a reading of 3%.
The market interpreted these figures as a signal that the Bank of England may not need to raise interest rates aggressively in the near term. This has reduced expectations of further tightening and weighed on the pound.
Get more news.t.me/fZRSUIAnrZ83YjU0
📊 MARKET UPDATE: GOLD / XAUUSD 📊
Gold is currently trading around the H4 + H1 support breakout zone near 4520, where the market is testing an important reaction area after the recent bearish pressure.
As long as price manages to hold above the 4450 support zone, buyers still have the opportunity to regain momentum and push the market higher.
A successful bullish reaction from the current zone could drive price back toward the next resistance area around 4550 – 4570.
If buyers manage to break and sustain above the 4570 resistance zone, it may open the path for further bullish continuation in the short term.
Almost all targets are done and dusted 🚀
Gold bears look to retain intraday control amid mixed technical setup
From a technical perspective, the XAU/USD pair maintains a modest bearish bias within a downward parallel channel and remains well under the upper boundary around $4,682.12. Meanwhile, the Relative Strength Index (14) at 46.60 has recovered from oversold territory, though it still points to only neutral-to-soft momentum. However, a mildly positive turn in the Moving Average Convergence Divergence (MACD) suggests corrective upside rather than a completed bearish phase.
On the topside, initial resistance emerges at the prior channel reference around $4,63
