Nickel forecast: Price eyes $18,800 break as supply and inventory surgeNickel markets have entered a phase of heightened volatility as fundamental optimism clashes with tangible supply pressures. Over the past several sessions, nickel experienced one of its strongest rallies in years, followed by a sharp pullback that tested bullish
Gold Testing a Key EMA, the Pullback Remains Technical
On the OANDA:XAUUSD H1 chart, gold is entering a short-term corrective phase following the previous strong rally. The key point to emphasize is that the bullish structure remains intact, and current price action is mainly about how the market reacts around the major EMA levels.
From a technical perspective, price is hovering around the EMA 89, corresponding to the 4,4354,440 zone. Meanwhile, the EMA 34 sits higher near 4,455 and has temporarily turned into a short-term dynamic resistance. Price failing to hold the faster EMA and pulling back toward the slower one is a familiar scenario within a healthy uptrend, where larger players closely observe price reactions to assess whether the trend continues to be defended.
The constructive sign so far is that gold has not printed a clear H1 close below the EMA 89 . The corrective candles remain relatively small and show lower wicks, suggesting that selling pressure is still limited. Although volume has ticked up slightly during some of the pullback legs, there is no evidence of aggressive distribution or heavy unloading.
Overall, this decline is better interpreted as a pullback toward a balance zone after price had extended significantly away from the EMAs during the prior advance. Given golds volatility characteristics, such corrections often serve to relieve pressure and rebuild a base before the market decides on its next directional move.
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It's not about a strategy. It's about how you see yourself.
When I first started trading, after beginners luck period, I honestly believed the strategy was the missing piece that would fix everything, like once I found the right setup the market would finally make sense, my losses would stop, and Id just execute trades like a machine and collect profits on schedule.
So I did what most beginners do, I went on the hunt, watching hours of content, saving charts, screenshotting models, changing my templates, and telling myself I was learning, when in reality I was just chasing certainty because I hated the feeling of taking losses. And if you fall into the ICT universe, that hunt becomes endless, because theres always another video, another name, another new concept that looks fresh on the thumbnail but feels suspiciously like an old idea with a new label, and it keeps you busy enough to feel productive while you quietly avoid the one thing you actually need to face.
Thats the doom loop.
You lose, it hurts, you blame the method, you go searching for a better one, and you repeat, not because youre lazy, but because your brain is trying to protect you from pain by convincing you the solution is more knowledge.
Later I found its not strategy what makes you profitable, but you. You turn it in to profits. Let me explain why.
How is this possible?
Same strategy in hands of two traders - One person will make make money, get funded and retire and another will keep blowing accounts, frustrated and at some point start to look for another new better strategy again. How ? If they both have good strategy? It's about how you see yourself. How you see yourself you will behave.
Self Image - Identity - Wrong aproach
Beginners always thinking, once Im profitable and funded I will be dis
XAUUSD: Descending After Fake Breakout - Bears in Control
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD initially spent a prolonged period trading inside a well-defined range, where price respected clear support and resistance boundaries. This range reflected market indecision, with neither buyers nor sellers able to gain sustained control. Eventually, price broke out to the upside, confirming bullish intent and triggering a strong impulsive rally.
Currently, after the rejection, price broke back below short-term structure and started forming a descending triangular structure, defined by a clearly respected descending resistance line. Each bullish attempt toward this trendline has been rejected, signaling that sellers remain in control. At the same time, price is gradually rotating lower toward the 4,350 Support Zone, which previously acted as a key demand and breakout area.
My Scenario & Strategy
My primary scenario: as long as XAUUSD remains below the 4,490 Resistance Zone and continues to respect the descending resistance line, the bearish bias remains valid. Rejections from this trendline favor further downside continuation toward the 4,350 Support Zone, which is the first major downside target. If price breaks and accepts below the 4,350 Support Zone, this would confirm bearish continuation and open the door for a deeper corrective move toward lower support levels.
However, if buyers manage to reclaim the descending resistance line and achieve a clean breakout and acceptance above the 4,500 resistance area, the short bias would be invalidated and the market could transition back into bullish continuation. For now, structure favors sellers, momentum is weakening near resistance, and price remains capped below key supply.
That's the setup I'm tracking. Thank you for your
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