[GVI Forex 2]

US500 (SP500)

Why Amazing Trader (AT) levels matter

I noted this earlier and as you can see by the chart, why I keep suggesting signing up for AT

6220 => 6272 (high 6274) => 6235 => 6265

In any case, downside limited while above 6200-=20 BUT still needs a firm break of 6272-74  to chasllenege the 6287 high

US500 4 HOUR CHART

[GVI Forex 2]

XAUUSD ((gold)

This is a glass half empty, glass half filled situation, depending on your view

Glass half empty: Failure to build on rallies that require a firm move through 3346-66 to build momentum to the upside.

Glass half filled: Repeated attempts to run to test 3274 for a run at 3248 have been repelled.

So, is XAUUSD bid in an offered market or offered in as bid market?

What is clear that unless the 3248 low is taken out, any stops on the downside will be limited.

Trade the range until momentum builds on either side.

XAUUSD 4 HOUR CHART

[Belgrade Bobby]

XRPUSD

XRP  in front of major resistance at 2.4135

Break of would open a road to 2.90 and higher

Supports: 2.35, 2.3235 & 2.2565

XRP is becoming bullish and unless cut short at this resistance this would be just a beginning of uptrend

However, if stopped and losses support at 2.00 it might lose more than half of its current value.

[Belgrade Bobby]

Robinhood Markets Inc. – HOOD

Hood has been rejected at 100.00 level – combination of psychological and profit taking reasons.

Supports: 91.75, 90.70 & 85.75

Resistances: 96.00, 98.05 & 100.00

This correction might lead all the way to 83.40, but as long as it stays above it , Uptrend is Intact

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

Resistances: 140.65, 142.45 & 147.75

Supports: 137.60, 135.30 & 133.50

Correction phase is not over, yet –   over coming few days AMD should test supports again and then take out 142.45 , to be able to continue with the Up trend

[Belgrade Bobby]

NIO Inc.

Nio tested 3.60 and failed.

To be able to try it again, it has to stay above 3.50

Two more supports are : 3.40 & 3.35

Without breaking either side it will stay directionless

[GVI Forex 2]

Mixed but cautious views, rate cuts this year still expected, no surprise

Minutes of the Federal Open Market Committee, June 17–18, 2025

[GVI Forex 2]

Minutes of the June FOMC meeting out next. A cautious Fed vs. Trump’s constant pressure on the Fed to cut rates.

[GVI Forex 2]

As noted earlier, watch any correlation between US bond yields (lower, 10 year last at 4.354%) and USDJPY, which followed.

As also noted, 145.82 is key support, only below it would confirm the high is in at 147.19.

[GVI Forex 2]

More to come…

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[Adam Global]

More bullish???

[GVI Forex 2]

More low hanging fruit.

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[GVI Forex 2]

This is just low hanging fruit? Is there more to come?

‘

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[Belgrade Bobby]

DAX

New high, but more importantly 24.555 taken out of the picture.

Now Dax has to go through 24.785 , in which case it would open a new dimension with target levels like 27.000 & 29.000

Immediate support at  24.480

[ST London]

Good lesson for trading Trump headlines.

Don’t trade on what he says he will do but trade on what he actually does.

[Belgrade Bobby]

Nvidia Corporation – NVDA

And there we go – 161.00 resistance / channel trendline taken out.

Space is open for significantly higher levels now.

First target at 171.40

Support 161.00

[GVI Forex 2]

What’s Hot and What’s Not?

What’s Hot

US bonds are up (yields are lower)

What’s Hot/Not

US dollar is off its highs but mixed on the day as follow through proving difficult

US stocks were hot earlier but have since cooled off

Gold was cold earlier but has since caught a bid

Crude was down earlier but bouncing off its lows

 

[GVI Forex 2]

Why (Amazing Trader) levels matter

US500 FAILED TO BREAK/HOLD ABOVE 6272 (ALWAYS LEAVE A FEW PIPS LEEWAY) AND SEE WHAT FOLLOWED…

US500 (SP500) 15 MINUTE CHART

[GVI Forex 2]

Why (Amazing Trader) levels matter

Bounce from double bottom just above 1.1700

EURUSD 15 MINUTE CHART

[GVI Forex 2]

Why (Amazing Trader) levels matter

US500 tested 6272, now a triple top

Generally more times a level is tested the weaker it becomes but market pays notice if it continues to hold.

US500 (SP500) 1 HOUR CHART

[GVI Forex 2]

Trump jawboning the Fed but no mention of tariff letters.

[GVI Forex 2]

US500 (SP500)

Catching a bid after holding off a run at 6200… key level is 6272… see if it holds as above it would confirm an end to the downside risk

Support at 6245-50

US500 (SP500) 4 HOUR CHART

[GVI Forex 2]

Hard to say whether there is a correlation but USDJPY dips back below 146.50 as bond yields edge lower (note following dip in crude oil)

[GVI Forex 2]

Navarro sort of affirming my view that tariff letters are part of the negotiation process…threaten high rates and then negotiate to get trade deals favorablo to the US.

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[GVI Forex 2]

EURUSD up on this headline… so far positive comments have come from EU sources, not from the US

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[GVI Forex 2]

EURUSD pop higher seemed to coincide with this headline… maybe news algos reacted to keywords and not the actual text

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[Mtl JP]

EURO 1.1696 low 1.1689
S 1.1680/50
I am biased uP

[Mtl JP]

DXY 97.67 8:07 AM EDT
dlr less bearish atm
I am looking for opportunity moments to sell le dollaahrr

[GVI Forex 2]

USDCAD

Trend: up

Momentum building to the upside, targeting a potential key obstacle at 1.3759 while above 1.3656.although needs to trade above 1.3694 (former high) for a stronger bid.

USDCAD 4 HOUR CHART

 

[David Shepherd]

I feel xauusd is bearish

[Author]

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