Chart Traps & Macro Moves: What Traders Can’t Ignore This Week

Author

FX Rocket Profits
August 22, 2025

In partnership with

Dollar Dynamics, Gold’s Triangle, and Euro’s Rejection

This week’s price action was a masterclass in technical tension and macro uncertainty. The dollar regained strength as traders braced for Powell’s Jackson Hole remarks, while gold coiled into a textbook triangle pattern—hinting at a breakout. Meanwhile, EUR/USD turned lower from a key resistance zone, reinforcing the broader downtrend and reminding traders that fundamentals still drive the bus. With sentiment shifting and technical setups aligning, this issue is all about preparing for the next directional move.

⚡ Daily Broad Market Recap – August 20, 2025

  • U.S. equities slipped as traders braced for Powell’s Jackson Hole speech and reacted to mixed geopolitical signals.

  • The dollar gained against commodity currencies, while Treasury yields dipped slightly on dovish Fed remarks.

  • Gold fell to $3,311 before rebounding, and Bitcoin hovered near $113K amid cautious sentiment.

📊 Gold (XAU/USD) Forming New Triangle Pattern

  • XAU/USD is consolidating inside a symmetrical triangle, with support confirmed near $3,311 and resistance near $3,439.

  • A bullish reversal formed after reclaiming Tuesday’s high of $3,345, suggesting short-term control has shifted to buyers.

  • Watch for a breakout above $3,439 to confirm continuation; failure to hold above $3,311 could trigger deeper retracement.

 📉EUR/USD Rejected at Resistance

  • EUR/USD failed to break above the 1.1800 psychological level and reversed near 1.1695, aligning with the R1 Pivot Point.

  • The pair remains inside a descending channel, with bearish candlesticks hinting at a move toward 1.1550 or even 1.1400.

  • A break above 1.1750 could flip the bias and open the door to 1.2000..

This issue blends macro caution with technical clarity. Whether you’re watching gold’s triangle, EUR/USD’s rejection, or the dollar’s defensive stance, the setups are clean and the catalysts are clear. Stay nimble, stay informed—and let the charts guide your next move.

Happy trading!

Your Daily Edge in the Markets

Want to stay ahead of the markets without spending hours reading?

Elite Trade Club gives you the top stories, trends, and insights — all in one quick daily email.

It’s everything you need to know before the bell in under 5 minutes.

Join for free and get smarter about the markets every morning.