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Candlestick Analysis

Continue to short gold after the reboundGold's decline yesterday found support around the 2888 level before staging a rebound, and it has now recovered to the 2925 area. Although the bulls have begun their counterattack, their momentum appears significantly weaker compared to previous recoveries, indicating a growing lack of confidence among bullish participants. Yesterday’s downward breakout from a period of sideways consolidation pushed gold through multiple key support levels and decisively breached the 2900 mark. This demonstrated strengthening bearish momentum, driven by profit-taking from earlier positions and an influx of panic-driven selling. Despite the current rebound, it’s likely just a technical correction following the sharp drop, providing more opportunities to short gold. As gold’s price action shifts lower, the 2925-2935 zone now stands out as a prominent short-term resistance area. For short-term trades, we can use this zone as a key level to initiate fresh short positions. Gold is likely to retest the 2890 support area, and a decisive break below this level could open the path for further declines toward the 2870-2860 region. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Gold Bulls on Notice: Cracks Forming in the Rally’s FoundationTraders should be alert to the growing risk of a downside move in gold. Bullish momentum underpinning the rally has weakened over recent weeks, alongside shaky price action. RSI (14) has diverged from price, setting lower highs even as the latter briefly hit record levels. The bearish momentum signal has been confirmed by MACD, which has turned lower decisively. While bulls defended uptrend support on Tuesday, resulting in a decent bounce, that’s unlikely to perturb bears given the increasingly unconvincing technical picture, punctuated by the bearish engulfing candle delivered during the session. If we were to see a sustained break of the uptrend, keep a close eye on the price action around $2882.40—a level bullion tested either side on multiple occasions earlier this month. A break below could open the door to $2390. Good luck! DS
FOREXCOM:XAUUSDShort
by FOREXcom
2
Any rebound is an opportunity to short goldAs I mentioned in my previous article, after a period of sideways consolidation, gold chose to break downward—signaling greater downside potential. We perfectly captured the shorting opportunity around the 2935-2945 resistance zone. Gold not only successfully hit the 2910-2900 target area but even exceeded my expectations, with the price bottoming out around the 2888 region. This was an excellent short trade, and I personally gained over $10K in profits from this position. Currently, gold is hovering around the 2890-2888 region, and while the downtrend has momentarily slowed, the bulls have yet to mount any effective counterattack. This indicates weakening bullish sentiment, and with earlier profits being cashed out alongside follow-up and panic-driven selling, the bearish trend is likely far from over. Breaking below the 2890 support further opens the door for continued downward movement, increasing gold’s potential for deeper declines. For short-term trades, any rebound in gold’s price could present fresh opportunities for short positions. We should closely monitor the 2910-2920 area for potential entries to short gold once again.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart)Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart) 1. Price Action & Candlestick Pattern Analysis • The Piercing Line pattern on the daily chart is typically a bullish reversal signal, appearing after a downtrend. • However, today’s strong bearish follow-through (big red candle) invalidates the bullish intent of the pattern. This signals weakness in buyers’ strength. 2. Volume Spread Analysis (VSA) & Market Sentiment • Volume change is negative (-5.8%) with an increase in spread (74.95%), which means there’s a wider price range with less participation—suggesting weakness in demand. • Weak buying pressure across lower timeframes (1H, 4H, 8H) confirms that any bounce is likely to be short-lived. 3. Support & Resistance Zones • Key resistance at 2,956-2,972 (VWAP Upper Band & Liquidity High) acted as a rejection zone. • Key support at 2,888-2,891 (VWAP & VSA Liquidity Low). This is the level to watch for potential breakdown. 4. Momentum & Trend Analysis • The bearish momentum is strong across multiple timeframes (1H, 4H, 8H). • Price failed to hold above 2,932 VWAP, confirming further downside risk. 5. Order Flow & Market Strength • Negative Delta on footprint charts shows that sellers are dominating order flow. • Absorption at 2,899-2,900 suggests smart money is still distributing, not accumulating. Outlook & Trading Plan Bias: Bearish Outlook (Short Continuation Expected) • Entry: Sell Below 2,891 (Breakdown confirmation) • Stop Loss: 2,920 (Above rejection zone) • Take Profit 1: 2,863 (Liquidity Low) • Take Profit 2: 2,850-2,810 (VWAP Lower Band zones) • Confidence Level: 75% Justification for Trade: • The Piercing Line failed to reverse trend. • VWAP breakdown & weak volume structure confirm bearish continuation. • Momentum remains bearish, with weak demand signals. 👉 Conclusion: Gold remains bearish unless bulls reclaim 2,932-2,956. Short positions favored on breakdown.
FX:XAUUSDShort
by ICHIMOKUontheNILE
My Long-term BTC Idea March 2025 IMPORTANT MONTH FOR BITCOINBitcoin (BTC) Analysis - Not Financial Advice Disclaimer: This is not financial advice. These are real trend lines that you can draw yourself. While the current trend appears bearish, it might also present a good buying opportunity. Personally, I’ve struggled to trade Bitcoin successfully because emotions often get the better of me. For instance, I saw WIF at $0.02 but didn’t buy because I had also seen it at $0.00002. This example highlights that the current price isn’t always a reason to avoid buying. That said, I am currently holding off. Key Insights from the Chart: Current Price Action: BTC is around $86,845, correcting after hitting a high near $96,500. It appears to be testing a support line within an ascending channel. Trend Channels: The broader ascending channel (orange lines) suggests a long-term bullish trend. Mid-range correction lines and resistance levels (purple lines) highlight key price zones. Support and Resistance Levels: Key support: $69,077, $64,877, and $49,673. Major resistance: $109,087 (upper boundary of the orange channel). Buying Zones: Golden Buy Zone: Around $15,446, ideal for long-term entries during deep corrections. Perfect Buy Zone: Slightly above $29,166, a strong buy area if BTC pulls back. Bear Market Bottom: Approximately $40,147, a solid long-term support level. Market Outlook: Short-term: The correction might continue until BTC tests the mid-level purple line or the $73,721 level. A bounce from these levels could signal a continuation of the bullish trend, potentially pushing toward the $109,000 target. Long-term: If BTC stays within the ascending orange channel, a long-term target above $109,000 remains realistic. Risk Factors: A break below the correction line or falling outside the channel would indicate a bearish reversal. Personal Perspective: With the monthly candle closing in three days, BTC needs to push upward to form a wick, signaling bullish potential. If not, attention shifts to the weekly candle. Predicting the outcome is uncertain—this could either be a buying opportunity or a liquidation zone. Remember, back in 2021, BTC hit FWB:65K , then dropped to $30k, which turned out to be a great buying opportunity as it later surged to $67k. Altcoin Season: Some believe altcoin season is coming, but I think it already happened in 2024. Raydium (RAY) soared from $0.12 to $9, and coins like WIF and Fartcoin also surged. Unfortunately, many low-quality coins have been pumping, with less-experienced investors driving the trend. Conclusion: Despite the current bearish sentiment, this market phase might offer solid buying opportunities if key support levels hold. The next few days are crucial—watch how the monthly candle closes and monitor the weekly candle for further signals. As always, trade carefully, and don’t let emotions dictate your decisions.
by carl2k2
1
Short gold after reboundWe were fortunate to have closed our long positions around the 2942 level, securing our profits in a timely manner. Although my initial plan was to start shorting gold on Thursday and Friday, the market unexpectedly began its decline earlier than anticipated, and I was unable to open short positions immediately. Given that gold’s downturn started ahead of schedule in this cycle, there is still room for price fluctuations. Therefore, we should avoid rushing into short positions, as gold may still see a short-term rebound to the 2930-2940 region. Gold has repeatedly faced resistance around the 2950-2955 zone and, following a period of sideways consolidation, finally broke downward—breaching the 2930-2925 support area. This suggests that there is still more downside potential, and the move could trigger panic selling. Consequently, I will be shifting my strategy to prioritize short positions after price rebounds. For upcoming short-term trades, we can consider initiating short positions in the 2935-2945 zone. Should gold resume its downward trajectory, it is likely to test the 2910-2900 support region.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
7
Gold Bulls Beware: Is the Market Ready for a Pullback? Since the beginning of the year, Gold has closed every week in the green, with the last four weeks marking all-time highs. However, not even trees grow to the sky—let alone gold. 🌳✨ Looking at the posted chart, we can see that despite reaching ATHs and trading above 2900 over the past three weeks, the price has consistently reversed sharply from those highs. This suggests that a correction is becoming increasingly likely. Yesterday's ATH was only about 20 pips higher than the previous one, and once again, the price quickly reversed. At the time of writing, Gold is trading at 2936, hovering near a critical confluence support level. If the confluence support breaks, traders should anticipate a deeper correction, with an initial target around 2880 and a potential move toward 2850. I'm bearish on Gold, but I’m waiting for further confirmation before initiating sell trades. 📉🔍 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
6
Go long on gold in the 2930 area and make continuous profits!Dear Traders, In the past couple of days, gold has been volatile, swinging up and down. Have you made profits in your gold trades? Regardless, the fluctuations in gold were within my control, and I was able to secure considerable profits from my long gold positions. As I shared in my previous two articles, in short-term trading, we should avoid hastily chasing rallies in gold. However, once gold retraces to the 2940-2930 support region, we can actively consider going long. Yesterday, after gold retraced to around 2930, it reversed and rebounded, rising to approximately 2953. Today, after touching 2929, gold reversed again and is currently climbing back to around 2942. We've secured substantial profits from two consecutive long trades in gold. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDLong
by Trader_Marvin
GOLD (XAUUSD): Consolidation & Complete Indecision⚠️Gold is currently trading in a horizontal range on a 4-hour chart. There are two possible scenarios depending on which direction the breakout occurs. 📈In a bullish scenario, if the price breaks above the 2956 resistance and closes above it on a 4-hour chart, I anticipate a bullish movement towards the 2980 level. 📉In a bearish scenario, if the market breaks below the 2916 support and closes below it, a bearish movement towards the 2900 level is expected. As always, the breakout is the best confirmation, so it is recommended to wait patiently for that.
OANDA:XAUUSD
by linofx1
1