Chart review Oct 12 2025

XAGUSD H4 – Distribution?

The XAGUSD seems like achieving a new high every week. After reaching 51.24 as the all time high, we see the largest bearish bar since Sep 2025 rally. With the new tariff on China goods announced, any pull back should be shallow. Here’s the full breakdown:

πŸ“ŠΒ Market Structure: HH/HL β†’ Bullish
πŸ“ˆΒ EMA Check (H4): Price closes above 50 & 200 EMA
πŸ”‘Β Support & Resistance: Support = 47.5 / Resistance = 52.24
πŸ“Β Trendline: Uptrend line intact
πŸ“Β Channel: Bullish channel still in play

βœ…Β Bias: Bullish
🎯 Setup Watch: Observe for range price action

EURUSD H4 – Bearish

The situation in Europe remains cautious due to the France political turmoil, plus the advance of Russia in Ukraine challenging NATO. The bullish trend line is finally broken cleanly. Here’s the full breakdown:

πŸ“Š Market Structure: LL/LH β†’ Bearish
πŸ“ˆ EMA Check (H4): Price closed below 50 and 200 EMA.
πŸ”‘ Support & Resistance: Support = 1.157 / Resistance = 1.165
πŸ“ Trendline: Bearish trend line has formed

βœ…Β Bias: Bearish
🎯 Setup Watch: Looking for bearish setup around 1.1645 to sell

XAUUSD H4 – Still Bullish?

The global demand for gold is still very strong. We are still bullish and think that any pull back will be shallow. Here’s the full breakdown:

πŸ“Š Market Structure: HH/HL β†’ Bullish
πŸ“ˆ EMA Check (H4): Price is above 50 EMA
πŸ”‘ Support & Resistance: Support = 3,900 ~ 3,950 / Resistance = 4,059
πŸ“ Trendline: Uptrend line intact
πŸ“ Channel: Bullish channel still in play

βœ…Β Bias: Bullish to Neutral
🎯 Setup Watch: Wait for rotation lower to enter

GBPUSD H4 – Bearish

The pair attempted twice to clear the 200 EMA in H4 but failed. It’s a sign of weakness. Here’s the full breakdown:

πŸ“Š Market Structure: LL/LH β†’ Bearish.
πŸ“ˆ EMA Check (H4): Price below 50 & 200 EMA
πŸ”‘ Support & Resistance: Support = 1.315 / Resistance = 1.339

βœ…Β Bias: Bearish
🎯 Setup Watch: Look for bearish setup around 1.339

USDJPY H4 – Reversing?

As expected, USDJPY gap up on last Monday open and rallied up 350 pips. However, with the Trump announcement on new China tariff, USDJPY has taken a beating, together with the stock market. Here’s the full breakdown:

πŸ“Š Market Structure: HH/HL β†’ Bullish
πŸ“ˆ EMA Check (H4): Price is still above 50 & 200 EMA
πŸ”‘ Support & Resistance: Support = 150 / Resistance = around 152

βœ…Β Bias: More to bullish
🎯 Setup Watch: Potentially able to sell around 152 for a quick trade down to 150. At the moment, it’s hard to bullish USDJPY due to the new tariff announced.

AUDUSD H4 – Bearish

The Trump announcement on new China tariff, brought AUDUSD down, together with the stock market. Here’s the full breakdown:

πŸ“Š Market Structure: LL/LH β†’ Bearish
πŸ“ˆ EMA Check (H4): Price is below 50 & 200 EMA
πŸ”‘ Support & Resistance: Support = 0.6416 / Resistance = 0.65 ~ 0.6525

βœ…Β Bias: Bearish
🎯 Setup Watch: Sell the rally if a setup occurs between 0.65 ~ 0.6525. TP at 0.6416.