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Candlestick Analysis

Continue to short gold after the reboundFundamentals: The positive signals from the China-US negotiations have eased the market's concerns about the US economic recession, and the weakening of risk aversion has stimulated a sharp pullback in gold. Market funds are no longer eager to seek safe-haven assets, so they withdraw their funds from gold and turn to risk markets. Technical aspects: The gold price plummeted by $110 during the day. Although it has rebounded slightly at present, the overall rebound momentum is relatively weak. The upper 3280-3290 area is currently the main short-term suppression level, followed by the 3240-3250 area. If the rebound in this area is not broken, you can continue to short gold, and the shorts may continue to reach new lows; focus on the support of the 3200 mark below. If 3200 is not broken, then the bulls may try to counterattack and fill the upper gap; if gold falls below 3200, gold will continue to fall to the area around 3170. Trading strategy: 1. Consider shorting gold after it rebounds to the 3245-3255 area, TP: 3220 2. Consider going long on gold after it continues to fall to the 3180-3170 area, TP: 3220; 3. If gold stabilizes above 3200, we can consider going long on gold around 3200 in advance.
OANDA:XAUUSDShort
by Steffen_Schade
1
Gold Miners May Be FatiguedThe VanEck Gold Miners ETF had a major breakout in March, but some traders may think it’s getting fatigued. The first pattern on today’s chart is the series of candles on April 16-22. Those bars occurred at the highest levels in almost four years. They’re also solid, illustrating that price wasn't able to hold the peaks. Second, GDX fell sharply afterwards and made a lower high last week. That could mean April represented a peak. It could additionally suggest a new downward channel is taking shape. Third, MACD is falling. Next, gold and gold miners have benefited from the uncertainty caused by tariffs. Now, with signs of the trade war easing, some traders may find less appeal in the yellow metal. Finally, GDX is an active underlier in the options market. (It averages more than 140,000 contracts per session, according to TradeStation Data.) That could help traders take positions with calls and puts. Standardized Performances for the ETF mentioned above: VanEck Gold Miners ETF (GDX) 1-year: +47.93% 5-years: +51.92% 10-year: +143.71% (As of April 30, 2025) Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
AMEX:GDX
by TradeStation
Start going long on goldAt present, the trend of gold is relatively calm, but as gold rebounds, a certain support strength has been shown below; and the short-term negative news has all appeared, and gold needs to rebound at the technical level. Therefore, I think we can try to go long on gold in small batches in the current area of ​​3230-3220, and expect gold to continue to rebound to the 3250-3260 area, or even the 3280-3290 area. Trading strategy: Try to start going long on gold in small batches in the 3230-3220 area; TP: 3250-3255
OANDA:XAUUSDLong
by Steffen_Schade
GBPUSD SHORTPrice took me out last week but looks like it was a liquidity grab, Now reacting to what the market is showing me; Market structure bearish on HTFs DW Entry at both Weekly And Daily AOi Weekly Rejection at AOi Daily Rejection at AOi Daily Previous Structure Point Around Psychological Level 1.33500 H4 EMA retest H4 Candlestick rejection Rejection from Previous structure Levels 4.43 Entry 100% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.
Short
by mobbie_zw
2
CPI data market, buy gold!Fundamentals: Focus on CPI; Technical aspects: As expected in my previous article, gold has rebounded to the area around 3250-3260 as expected.According to the current structure, gold tends to fluctuate upward in the short term; it may even extend to the 3280-3290 area.Gold rebounded after touching 3207, and combined with the secondary low point near 3215 to form a "W" structure. This technical structure has formed a strong support structure for gold prices; and after the bad news is exhausted, the on-site wait-and-see funds will gradually enter the market, which will also push up the gold price to a certain extent. So I think gold still has the conditions to challenge the 3280-3290 area! Trading strategy: Consider starting to go long on gold in batches in the 3250-3240 area, target price: 3270-3280
OANDA:XAUUSDLong
by Steffen_Schade
Today's gold trend analysis, go long in batches🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: Since the US and China lowered some tariffs after the negotiation, the US dollar has recovered some of its losses, but gold has not completely recovered some of its losses. At present, the price of gold has once again retreated to near the 3260 line. Although the hourly level MACD indicator shows a golden cross, the daily level is still a dead cross and heavy volume. Then in the short term, the gold price may show some counter-twitching momentum before the US dollar steps back to confirm support, or it may touch near the 3277 line. The gold price may fall further after the US dollar steps back to confirm the support. From a technical point of view, the upper daily resistance is near 3287, while the lower first-line support of 3200 is strong, and there is a tendency to form a double bottom. The European market can consider using 3250-40 US dollars as a support point, and the early trading low near 3220 as a defensive position. First, let's see the gold price continue to rebound to 3277-80-87, unless the European market weakens and breaks the Asian low, and then the US market adjusts. Temporarily, we will see a rebound correction. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
GBPUSD SHORTMarket structure bearish on HTFs DH Entry at Daily AOi Weekly Rejcetion at AOi Daily Rejection at AOi Daily bearish engulfing candle Daily complete Head and shoulder pattern, Waiting for retest of the neckline Previous Structure point Daily Around Psychological Level 1.32500 H4 EMA retest H4 Candlestick rejection Rejection from Previous structure Levels 3.82 Entry 90% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.
Short
by mobbie_zw
NZDCHF: Classic Gap Trade 🇳🇿🇨🇭 On a today's live stream with my students we discussed a gap up opening on NZDCHF. I have a strong feeling that it is going to be filled tonight. A double top pattern on an hourly time frame and its neckline violation provide a strong bearish confirmation. Goal - 0.492 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
NZDUSD Short BUYERS' LAST BREATH — THE SWITCH IS IN Pair: NZDUSD Timeframe: 4H (pullback in a Daily downtrend) Bias: Short Setup: SnR retest sell, Potential 5R setups Daily trend is down — this 4H move was just a pullback. I watched the buyers push from support with weak momentum. First sign? Volume dries up, price stalls — buyer exhaustion kicks in. But no real sellers stepped in yet — they waited. That's what made it deadly. Then came the final buyer push. One last attempt to save the move. But instead of strength, it exposed weakness — and the sellers took over. Fast. Clean break, shift in pressure, game flipped. Entry & Risk: Entry: After the failed buyer push and a clean shift in momentum. Stop: Just above the last push (invalidates if price gets back there). Target: Back into the daily move — lower liquidity zones. What I’m Trading Here? Trap logic: Buyers thought they had it — they didn’t. Structure shift: Reclaim confirms control switched. Daily momentum: This is a continuation play — not a reversal. I'm already short
Short
by theeOperator90
Gold is trading sideways, can the bearish trend continue?🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: The trading strategy given today, if brothers have reference and follow the trading strategy to participate in long orders, I think you should all have good gains on hand. At present, gold is in consolidation, the 4H moving average is in a short position, and the MACD dead cross continues to increase, so the short-term short momentum still exists. From a technical point of view, in the downward trend from last week's high of 3347 to the current low of 3207, 3260 is at a key position. Therefore, we pay attention to the possibility of gold rebounding to 3260 in the evening. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
How to layout gold as Sino-US trade eases🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: Affected by the easing of Sino-US economic and trade relations, coupled with the fact that the Russian-Ukrainian negotiations are on the right track and India and Pakistan have suspended firing, the risk aversion sentiment in the gold market has eased, and the gold price has fallen sharply since the opening today. At present, the 3200 line has formed an important short-term support. If the support effect is strong at this point, the gold price may rebound further; if it falls below this key support, it will accelerate the opening of downward space. The upper 3250-3260 is the previous intensive trading area, which will pose a certain pressure in the short term. At the top of the European market, focus on the resistance range of 3250-3260, and at the bottom, the support range is 3210-3200. 🎁BUY 3200-3210 🎁TP 3250-3260 🎁 SELL 3260-3270 🎁 TP 3250-3230 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
Gold – Focus on the Specific Details of US/China Trade TalksGold prices rallied 0.6% on Friday to close at 3325 as traders rushed to obtain some safe haven protection against the uncertainty of whether the outcome of trade negotiations between the US and China, taking place in Geneva over the weekend, may yield positive or negative results which could have significantly impact all markets on the Monday open. Roll forward 2 days and Gold has fallen to a low of 3259 (at time of writing) in early Monday trading as traders digest and then react to both the US and China reporting ‘substantial progress’ in their talks. This news seems to have initially boosted risk sentiment and reduced the need for traders to own Gold as a hedge, at least for now anyway. While light on detail, initial reports indicate that the trade teams from the world’s two biggest economies have agreed to create a mechanism for further talks. US Treasury Secretary Bessant and Trade representative Greer are expected to hold a press briefing later this morning to share more specific details, so there is room for disappointment, which could see Gold rally back to higher levels, or more progress than anticipated by markets, which may see Gold extend its sell off down to potential key technical support levels. Technical Update: Decision Making Progress Develops On April 24th 2025, we published a commentary on Gold, highlighting its inability to break above the psychological round number resistance at 3500, from which a sell-off was developing. Please look back at our timeline to read our thoughts at that time. The setback from these all-time highs at 3500 did extend further, and tests of 3228, which was equal to the 50% Fibonacci retracement (April 7th to April 22nd 2025 price strength) did materialise. After initially seeing the strong bounce from 3228 last week, it appears that traders may be focusing on this level as a possible important support over coming sessions. What is the Current Situation for Gold? While much will depend on future price trends and market sentiment, it could be suggested that recent price activity in Gold since the April 22nd session all-time high, has established both upper and lower extremes of a developing sideways range, between 3228 and 3500. This type of sideways activity represents something of a ‘balance’ between both buyers and sellers of Gold. Price strength has been met by selling pressure at 3500, while buyers have materialised around 3228, the 50% retracement level. However, it could even be suggested after the price weakness from last Tuesday’s 3435 session high, immediate resistance could now be lowered to this 3435 level. Predicting the direction of an eventual range breakout is difficult, and we must wait for either a confirmed closing break below 3228, or above 3435 to suggest the next possible direction of a more sustained phase of price movement. Until such a breakout materialises, extension of the choppy sideways activity, as seen recently, could continue. Upside Focus: If potential is to turn towards further attempts to extend price strength, it may well be suggested by closes above last week’s 3435 high. While breaks of these 3435 extremes won’t be a guarantee of price strength, it might lead to retests of the psychological 3500 high, even towards 3570, which is the 300% Fibonacci extension of the October 31st to November 14th 2024 decline. Downside Focus: To the downside, traders may well continue to focus on the 3228 Fibonacci retracement level as support, with closing breaks perhaps pointing to risks for further price declines. Such moves may then lead to weakness towards 3164, which is the lower 61.8% retracement level. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
short trade 🟥 Sellside Trade Log 📉 Pair: AUD/USD 🏷️ Type: Intraday | Tokyo Session AM 🧠 Setup: Breakdown from Ascending Channel 🆔 Trade ID: #AUDUSD 📅 Date: Monday, 12th May 2025 🕐 Time: 1:00 AM 🔹 Entry Price: 0.64382 🔹 Profit Target: 0.63714 (-1.04%) 🔹 Stop Loss: 0.64630 (+0.39%) 🔹 Risk-Reward Ratio: 2.69 🔍 Reasoning: Sellside trade based on a breakdown below an ascending channel. Price failed to sustain support near the upper boundary and broke below the channel, signalling a shift in market structure. This setup confirmed the potential for a move lower, with entry positioned near the breakdown point, targeting the next level of support below the channel.
Short
by davidjulien369