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Jun 16, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

XAUUSD extended its bullish momentum for the third consecutive session, successfully breaking above a daily symmetrical triangle pattern after closing the week above the key resistance level of $3400. This breakout suggests a continuation of the upward trajectory, with the next key target zone situated around $3600.

To manage downside risk, a two-day reversal stop-loss mechanism will be implemented, with an initial stop-loss placed at $3338. The optimal buying zone is identified between $3415 and $3420, providing a favorable entry point for potential long positions.


EUR/USD Chart on the hourtly time frame

EUR/USD Chart on the hourtly time frame

General trend: Upward within an expanding triangular channel.

Despite the mixed signals on the daily chart—which indicate a potential bullish retest of the previously broken resistance zone between 1.1480-1.1450—the weekly chart has generated a fresh buy signal, reinforcing the bullish outlook. This supports our earlier projection of an upward move toward the 1.1900 target.

In light of this, we maintain a buy-on-dips strategy, with an optimal entry zone around 1.1500. To manage risk, we will implement a two-day reversal stop-loss system, placing the stop-loss at 1.1405 to protect against any unexpected downside momentum.
Key Levels:
Entry Zone: 1.1500 (buy on dips)
Stop-Loss: 1.1405 (two-day reversal system)
Target: 1.1900

USTEC chart on the hourly time frame

USTEC chart on the hourly time frame

The US Tech 100 Index (USTEC) has recently completed a bearish rising wedge pattern, a development supported by confirmatory signals from multiple technical indicators. This formation typically implies a potential bearish reversal, with a measured downside target projected near the 20,670-point level.

To effectively manage risk, we will implement a two-day reversal stop-loss mechanism, with an initial stop-loss set at 21,955 points to mitigate adverse price movements.
Trading Recommendation: Initiate short positions at the market open, with strict adherence to the outlined risk parameters.
 

 

- Report June 2, 2025.

 

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