USD/CAD steadies near monthly highs as markets await US NFP and Canada jobs dataThe Canadian Dollar (CAD) remains on the defensive against the US Dollar (USD) on Thursday, pressured by broad-based Greenback strength. At the time of writing, USD/CAD trades around 1.3875, hovering near its highest level since December
XAUUSD Rising Support Holds - Next Target 4,500 Resistance
Hello traders! Heres a clear technical breakdown of XAUUSD (4H) based on the current chart structure. After a prolonged consolidation phase, Gold was trading inside a well-defined range, indicating balance between buyers and sellers. This range acted as an accumulation zone before price initiated a bullish expansion. Following the breakout from the range, XAUUSD entered an ascending channel, confirming a shift toward buyer control with a sequence of higher highs and higher lows. During this phase, price respected both the channel support and resistance lines, using them as dynamic structure levels. As price approached the upper boundary of the channel and the Resistance / Seller Zone around 4,5004,510, bullish momentum started to weaken. Multiple fake breakouts above resistance signaled strong selling pressure at the highs. This led to a sharp corrective move lower, where price broke below short-term structure before finding support. Currently, XAUUSD is holding above the Buyer Zone around 4,400, which aligns with a key Support Level and a prior breakout area. Price has already shown a reaction from this zone and is now forming higher lows along a newly respected rising support line, suggesting buyers are attempting to regain control. The recent breakout back above local resistance reinforces the idea of a corrective pullback rather than a full trend reversal. My scenario: as long as XAUUSD holds above the 4,400 Buyer Zone and respects the rising support line, the bullish bias remains valid. I expect buyers to defend this area and attempt another push toward the 4,500 Resistance / Seller Zone (TP1). A clean breakout and acceptance above this level would confirm bullish continuation and open the path for further upside. However, a decisive breakdown below the buyer
Dont forget about the USDSilver is now moving back and forth intraday by as much as it was trading just 15 years
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Overhead resistance formedS&P 500 took off after shallow premarket correction, Nasdaq finally led to a higher high and then both reversed. Aftermarket rebound disappointed, and it was only early in the European session that both staged a solid
Why Time Is a More Important Indicator Than Price?
Everyone stares at price... Very few traders watch time.
What Time Reveals
Price can lie.
Time cant.
When price:
- Spends too long at resistance sellers are weak
- Fails to drop fast demand is absorbing
- Breaks late move is usually stronger
Time shows intent.
If price holds a level longer than expected, something is changing!
How to Use This Practically
Next time price hits a key level:
Dont rush the entry.
Instead, watch:
- How long it stays there
- Whether rejection is immediate or delayed
- Time tells you whos in control.
Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
Stick to your trading plan regarding entries, risk, and management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Shell losses weigh on FTSE 100Another fall for Shell has weighed on the FTSE 100, says Chris Beauchamp, Chief Market Analyst at investing and trading platform
Australian Dollar Price Forecast: Extra gains remain in the pipeline above 0.6510AUD/USD appears to be losing some upside momentum after approaching the 0.6760 level earlier in the week and is now hovering back around 0.6700 as profit-taking mixes with a firmer US
EURUSD
Hello Traders!
What are your thoughts on EURUSD?
EURUSD was rejected from the resistance zone as expected after reaching the highlighted area.
Price is now moving toward a key support zone, where a rising trendline is also present. This confluence increases the probability of a bullish reaction from this area.
As long as price holds above the support zone and respects the ascending trendline, a bullish reaction is expected from this area.
The preferred scenario is a bullish move from the support zone, with price advancing at least toward the specified target zone.
A clear and sustained break below the support zone and the ascending trendline would weaken or invalidate the bullish scenario.
Dont forget to like and share your thoughts in the comments!
Gold Price Forecast: XAU/USD bounces back to its comfort zoneGold keeps trading within familiar levels on Thursday, with the XAU/USD pair currently hovering around $4,460 during Asian trading
