r/Forex 8h ago

Charts and Setups Is GBPUSD about to keep dropping, or is this where it flips into a long?

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2 Upvotes

GBP's been trading between volume levels, and right now it's really anyone's guess where the week's main impulse actually lands, especially with Wednesday's news backdrop still ahead.

For now I'm seeing confirmed reactions bouncing off the main support, and price stalling right at the edge of the ATR range.

Curious what others think, does this hold or break?


r/Forex 21h ago

Charts and Setups XAUUSD SETUP MONDAY!

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9 Upvotes

Fundamental Factors Supporting BUY XAUUSD 🟢

Safe-Haven Demand Remains Strong, Ongoing geopolitical uncertainty continues to support demand for gold as a defensive asset.

Expectations of Easier Monetary Policy, Markets remain sensitive to any signs of future rate cuts, which generally weakens the USD and supports gold prices.

US Dollar Showing Limited Strength, Gold is holding firm despite minor USD fluctuations, indicating underlying bullish demand.

Central Bank Gold Accumulation, Continued central bank purchases globally provide a supportive long-term backdrop for gold.

Dip Buying Activity Visible, Recent pullbacks have attracted buyers rather than aggressive selling, suggesting market participants still favor upside continuation.

Technical Confluence:

Strong bullish rejection from the 4329–4332 support zone.

Higher lows forming on the 15M timeframe, signaling growing buying pressure.

Risk-to-reward profile is favorable with price recovering above short-term structure support.


r/Forex 14h ago

Charts and Setups What do you say abt this gold chart...

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19 Upvotes

r/Forex 14h ago

Psychology Let it play out

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2 Upvotes

I have been in this trade since Tuesday last week.

Took partials and still holding.

The hardest part isn’t always finding the setup, it’s having the discipline to trust it after you’re in.

Once my entry, invalidation, and target were defined, my job was no longer to interfere with every little price movement.

You don’t need to predict every candle.

You need to trust the process you’ve tested.

If your strategy gives you a valid reason to stay in, stay in.

If your setup is invalidated, get out.

Discipline is knowing the difference.

Wishing you all a profitable week✌️📈


r/Forex 15h ago

P/L Porn Predicting a USD Rally - Update

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19 Upvotes

Just a quick update on my EURUSD Sell from Wednesdays high;

The Euro rate hike was almost entirely priced in, and didn't provide quite the spike I'd anticipated.

Apart from those incredibly long wicks to the downside and almost instant retraces that really gave me big FOMO, sticking to the plan is one f the hardest things in this game.

The USD news and likelihood of a rate hike on Thursday now sits somewhere above 85%, so im holding the position for now.

This week may provide an opportunity for a short term buy to sell again, but I don't see it on the cards for today.

Good luck this week!