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Harmonic AB=CD Pattern Guide for TradingViewThe Harmonic AB=CD pattern is a powerful technical analysis tool used to predict price reversals in financial markets. Based on Fibonacci ratios, it helps traders identify high-probability entry and exit points. This concise guide is designed for TradingView users to apply the pattern effectively. Pattern Overview - Structure: Four points (A, B, C, D). AB and CD legs are equal in length or follow Fibonacci ratios. - Fibonacci Ratios: - BC retraces 61.8%-78.6% of AB. - CD equals AB (1:1) or extends 1.272/1.618 of BC. - Types: - Bullish: Signals a buy at point D (price rises). - Bearish: Signals a sell at point D (price falls). How to Identify and Trade 1. Spot AB: Find a clear price swing from A to B. 2. Measure BC: Use TradingView’s Fibonacci Retracement tool to confirm BC retraces 61.8%-78.6% of AB. 3. Project CD: Use Fibonacci Extension to project CD, matching AB’s length or extending 1.272/1.618 of BC. 4. Confirm D: Check for confluence with support/resistance, candlestick patterns (e.g., doji), or indicators (e.g., RSI divergence). 5. Trade Execution: - Bullish: Buy at D, set stop-loss below D, target point C or A. - Bearish: Sell at D, set stop-loss above D, target point C or A. Tips for TradingView - Use TradingView’s Fib tools for precision. - Confirm signals with additional indicators (e.g., MACD, volume). - Avoid choppy markets; focus on trending or range-bound charts. The AB=CD pattern is a reliable method for spotting reversals when used with proper confirmation. By mastering Fibonacci tools on TradingView and combining the pattern with other signals, traders can enhance their decision-making and improve trade outcomes. Practice on historical charts to build confidence.
OANDA:XAUUSDEducation
by Henrybillion
What to Expect from Payrolls Data and Gold's Reaction to ItToday’s non-farm payroll (NFP) expectation is 126k, and the unemployment rate is expected to remain steady at 4.2%. Throughout the month, employment data has been weak. Both initial jobless claims and continuing claims have increased, and the ADP report also came in low. The only partial strength was seen in last month’s JOLTS job openings data, but even that can be largely discounted due to reduced reliability in data collection. In May, hiring typically increases in tourism, restaurants, and other service sectors. However, this year, tourism in the U.S. has been weak, and when considering tariffs, and low economic activity data and less business travel to US due to it, a soft NFP reading can be expected. I also don’t think it would be wrong to expect slower hiring in logistics. If we assume that government sector hiring has also slowed, I believe we could see a double-digit NFP figure and an unemployment rate of 4.3%. 1- If the NFP comes in at 50k or lower, recession fears may trigger a rise in gold prices and if the figure is negative, the reaction could be even stronger. 2- If the result is between 100k–140k, I expect a sideways to mildly bearish reaction in gold. 3- If it comes in above 140k, I would expect a negative move for gold. Over the past 12 months, gold's 6-hour return following U.S. payrolls data typically falls within a ±1.5 standard deviation range. On the upside, +1.5 standard deviation corresponds to a 0.71% gain, while on the downside, -1.5 standard deviation equates to a -1.70% drop. This asymmetry shows that gold tends to react more sharply to downside surprises in the data. Regardless of the direction, traders should not expect moves exceeding ±1.5% within the initial 6 hours after the release. If the returns passed 1.5%, profit taking should be considered for short-term trades. Technically, gold has been in an uptrend since the May 29 bottom. As long as this trend remains intact, the short-term bias will likely stay to the upside.
OANDA:XAUUSD
by ftdsystem
Gold INTRADAY Bullish continuation consolidationThe Gold price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent price action is consolidating in a sideways trading range. The key trading level is at 3350, which is the previous consolidation trading range zone. A corrective pullback from the current levels and a bullish bounce back from the 3300 level could target the upside resistance at 3410 followed by the 3430 and 3460 levels over the longer timeframe. Alternatively, a confirmed loss of 3300 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3275 support level followed by 3240. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:XAUUSD
by TradeNation
2
Long and short battle break out before NFP,gold operation layout📰 Impact of news: 1. NFP data released 2. Geopolitical situation worsens 3. Trump and Musk start a war of words 📈 Market analysis: During today's U.S. trading session, we need to pay close attention to the impact of NFP on the market. Bros who trade independently must do a good job of risk control. The gold 1H chart shows that the current gold price is suppressed by the downward opening of the Bollinger Bands. Gold shorts dominate in the short term, and the MACD indicator has a tendency to form a death cross. At the same time, the 5-day moving average and the 10-day moving average form a death cross and move downward, indicating that the gold price is still facing adjustment pressure in the short term. Looking at the 4H chart, we can find that although gold is currently rising on the 4H trend line, gold has not yet fallen back to the right level. Therefore, we cannot rule out the possibility that gold will continue to fall back in the future. The key resistance level above is 3390-3400, and the support level below is 3350-3340, with a focus on the important support level of 3330. Participate in high-altitude and low-multiple in the European session today, and consider retreating to 3350-3340 to place longs 🏅 Trading strategies: BUY 3350-3340 TP 3365-3385-3395 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. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
SILVER BUY BUY BUY...TARGET 40Silver price rose to multiyear high today morning at $36.35/oz as the price finally closed above its key resistance of 35.05-35.45. Price is in a strong bullish trend to target the upper trendline of yellow ascending channel at 36.75 which will act as temporary resistance and may trigger a pull back towards 35.50 region before bouncing back. Stability above 35.05-35.45 will send price soaring towards 37.50 followed by 40.00-41.00 region. Break below 35.05 will trigger correction towards 33.60-34.20 area. On medium term basis Silver's bullish trend will remain valid till the price is stable above 33.60. Break and stability below 33.60 will send the price towards 32.70, 31.80 and 29.20 levels.
COMEX:SI1!Long
by mohsinhassan242
What are Harmonic Price Patterns?Harmonic price patterns are chart patterns based on Fibonacci ratios and market geometry, used to identify potential reversal points in Forex. They rely on Fibonacci levels (e.g., 0.618, 0.786, 1.618) to measure price structures, predicting reversal zones (PRZ - Potential Reversal Zone). Key Features: - Based on Fibonacci ratios. - Geometric structure with 4-5 points (X, A, B, C, D). - Identifies PRZ for buy/sell opportunities. - Symmetrical, reflecting market psychology. Key Harmonic Patterns in Forex: 1. Gartley: - AB retraces 61.8% of XA. - D at 78.6% of XA. - Buy/sell at D. 2. Bat: - AB retraces 38.2-50% of XA. - D at 88.6% of XA. - High-precision at D. 3. Crab: - CD extends 161.8% of XA. - D at extreme levels. - Suited for strong volatility. 4. Butterfly: - AB retraces 78.6% of XA. - D extends 127-161.8% of XA. - End of strong trends. 5. Shark: - AB retraces 113-161.8% of XA. - D at 88.6-113% of XA. - Volatile markets. 6. Cypher: - CD retraces 78.6% of XC. - Short-term timeframes. How to Use: 1. Measure Fibonacci ratios to identify the pattern. 2. Locate PRZ at D, combine with support/resistance, RSI, or candlestick patterns. 3. Set stop-loss beyond PRZ, aim for risk/reward ≥ 1:2. 4. Enter trades at D after price/indicator confirmation. Notes: - Requires precise measurements. - Combine with other tools for reliability. - Practice on a demo account first. - Avoid during high-volatility events (e.g., news releases). Let me know if you need details on a specific pattern!
OANDA:XAUUSDEducation
by Henrybillion
GLD Swing Setup – Long Call Into Gold’s Weekly Strength🪙 GLD Swing Setup – Long Call Into Gold’s Weekly Strength 📆 Date: June 6, 2025 📈 Outlook: Moderately Bullish (14-day swing) 📊 Strategy: Long call aiming for continuation above key resistance 🔍 Model Consensus Model Bias Strike Entry Target(s) Stop Confidence Grok Mod. Bullish 311C 3.90 5.07 1.95 70% Claude Mod. Bullish 312C 3.40 5.10 / 6.80 2.04 70% Llama Mod. Bullish 320C 1.19 1.75 / 2.38 0.60 75% Gemini Mod. Bullish 320C 1.20 1.75 / 2.35 0.60 75% DeepSeek Mod. Bearish 308P 3.60 1.80 (fade) 5.40 60% ✅ Majority Bias: Bullish 💡 Preferred Strike: $320 Call (3:1 model preference) 📈 Chart Levels: Support: $301.50 – $303.00 Resistance: $310.25 – $311.67 → breakout zone Max Pain: $308 (gravitational pull zone short-term) ⚙️ Technical Summary Daily/Weekly Charts: Price above mid BB, above EMAs, MACD trending positive RSI: Neutral-to-bullish (daily ~56, weekly ~66) VIX: Low = stable sentiment & slower decay News: Bullish gold flow / macro sentiment steady OI Skew: Heavy 297–299 puts, but aggressive calls up to $320 → breakout pressure ✅ Trade Setup Metric Value Instrument GLD Direction CALL (Long) Strike $320 Expiry 2025-06-18 Entry Price $1.19 (ask) Profit Targets $1.75 / $2.35 Stop-Loss $0.60 (50% risk) Position Size 1 contract Confidence 75% Entry Timing Market Open 📈 Trade Management Plan 🎯 Targets Scale out 50% at $1.75 Final exit at $2.35 🛑 Stop Triggers Break below $307.50 support Premium drops to $0.60 📆 Hold Time Max 10 trading days Exit early if price stagnates near $308 ⚠️ Key Risks Triple-top near $310.25 could stall breakout Low VIX reduces premiums faster in chop Gold news or dollar spikes can flip the narrative fast Max Pain at $308 could cap rallies short-term
NASDAQ:AAPLLong
by quantsignals
2
XAUUSD - Gold awaits NFP!Gold is trading in its ascending channel on the hourly timeframe, between EMA200 and EMA50. We should wait for a valid breakout of the pattern we identified yesterday, from which we had a Fick break above. We can enter the trade after it breaks in the formed pattern, and on the other hand, if gold corrects towards the demand zone, we can buy it in the short term with a reward at an appropriate risk. Gold came under downward pressure amid renewed optimism regarding U.S.-China trade talks. Although prices surged to a four-week high earlier in the day due to strong demand from Asian and European buyers, a wave of selling during U.S. trading hours reversed part of that gain. This shift in momentum coincided with rising U.S. Treasury yields and a boost in market sentiment following a phone call between the presidents of China and the United States. While no official statement has been issued yet, the decision to initiate a new round of high-level negotiations was seen as a positive signal. In recent months, gold has become a key indicator for gauging geopolitical and trade-related risks, having previously surged to an all-time high of $3,500 after the “Freedom Day” tariffs were implemented. Despite ongoing concerns over Ukraine, Iran, and the growing U.S. fiscal deficit—which provide fundamental support for gold—the metal’s inability to break above the key resistance level of $3,437 has cast doubt on the short-term bullish outlook. Meanwhile, Goldman Sachs has projected that the upcoming U.S. nonfarm payrolls (NFP) report for May will show a 125,000 increase in jobs. The unemployment rate is expected to remain steady at 4.2%, and monthly wage growth is estimated at 0.3%. The bank also anticipates a 10,000-job decline in the public sector, largely due to tariff-related policies and reduced hiring. Overall, Goldman Sachs expects the report to be balanced and free of surprises, which should encourage the Federal Reserve to maintain its current policy stance. Although gold has managed to stabilize above $3,000 per ounce in recent weeks, many investors remain focused on reclaiming the historic peak reached in April. According to one research firm, it’s only a matter of time before that level is tested and broken again. In the annual “Gold Focus 2025” report published Thursday by the UK-based firm Metals Focus, analysts stated that gold retains strong momentum for further gains in 2026. They forecast that the average gold price this year could reach an unprecedented $3,210, with new highs likely in the second half of the year. In an interview with Kitco News, Metals Focus CEO Philip Newman said it is difficult to envision a scenario that would derail the current bull market. While this perspective isn’t included in their formal forecasts, he believes the rally could extend into 2026. Newman added, “If you look at what’s happening across the global economy, all the ingredients for a structural bull market are present.” He highlighted that one of gold’s unique traits is how quickly investors adapt to new price levels, often converting previous resistance levels into future support. A year ago, he admitted he would have expected $3,000 to trigger widespread profit-taking. However, despite ongoing economic uncertainty and geopolitical instability, investors have not been discouraged by current price levels. Newman emphasized that what makes 2025 distinct is that new investors are just now entering the market. While gold has been rallying since 2023, much of the demand until recently came from central banks and Asian markets—particularly China. Newman noted that only in Q4 of last year and early this year did retail investors begin to decisively adopt a bullish stance. “We’ve seen strong growth in investment demand this year,” he said, “but there’s still a large amount of capital that hasn’t entered the market yet. This is not a bubble—this is a well-supported, structurally sound market.” He concluded by identifying changing perceptions of the U.S. dollar as a major driver behind increased gold investment.While the dollar remains a traditional safe haven, ongoing trade tensions and unsustainable government debt levels have eroded market confidence, prompting investors to seek safety and diversification through gold.
FOREXCOM:XAUUSD
by Ali_PSND
Gold Holds the Line – Will Bulls Take Control into the Weekend?Hey traders! Let’s take a quick look at what’s happening with gold as the week wraps up. Yesterday, OANDA:XAUUSD saw a sharp drop during the U.S. session, sliding more than 600 pips. But by this morning, the metal bounced back with a short-term recovery, finding strong support around the $3,342 level. The move came after U.S. jobless claims data came in higher than expected — a sign that the labor market may be losing steam. That’s fueling speculation that the Fed could move toward cutting interest rates sooner, which tends to weaken the dollar and push gold higher. On top of that, ongoing global economic uncertainty keeps investors turning to gold as a safe-haven asset. From a technical standpoint, the $3,340 support zone is still holding firm. If buyers defend this level, the path of least resistance remains to the upside — at least in the short term. What’s your take? Will gold finish the week stronger or face more pressure? Let’s talk in the comments 💬
OANDA:XAUUSDLong
by Edward_TradingFX
XAUUSD: Market Analysis and Strategy for June 6Gold technical analysis Daily chart resistance 3412, support below 3322 Four-hour chart resistance 3367, support below 3350 One-hour chart resistance 3374, support below 3360 Gold news analysis: Gold fell sharply during the US trading session on Thursday. Although the slight rebound of the US dollar limited the upside of gold, the expectation of Fed rate cuts, lower US bond yields, US fiscal concerns, and trade and geopolitical risks still supported the strong gold price. The market is in a wait-and-see mood, with the focus on the upcoming NFP employment report. Technical indicators show that gold still has short-term upside potential, and breaking through $3385 will open up further upside space. The instability of the global economic environment, especially the unexpected contraction of the US service industry, the sluggish employment data and the impact of the Trump administration's new tariff policy, has provided strong impetus for the rise of gold. At the same time, the tension between major powers, the progress of EU-US trade negotiations, and the market's expectations of Fed rate cuts have further ignited the enthusiasm of the gold market, and the possibility of gold prices rising to the 3400 mark has increased. Gold operation suggestions: From the current trend analysis, the support below focuses on the first-line support of 3350-3322, and the pressure above focuses on the one-hour level 3374 and the four-hour level 3412. The short-term long-short strength and weakness dividing line is 3350. Before the four-hour level falls below this position, continue to maintain the rhythm of buying on dips and look to 3412-3450-3500. Buying strategy after breakthrough: Buy: 3375near SL:3370 Buy: 3388near SL:3383 Buy: 3400near SL:3395
TVC:GOLDLong
by ActuaryJ
Could the price bounce from here?WTI Oil (WTI/USD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which is a pullback resistance. Pivot: 62.36 1st Support: 61.81 1st Resistance: 63.24 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
GOLD recovers to $3,371, biggest data day of the weekOANDA:XAUUSD maintained its intraday recovery trend and the current gold price is around 3,371 USD/ounce, retesting the initial target increase sent to readers in the weekly publication. In this trading day, investors will focus on the US non-farm payroll data, which is expected to trigger major market movements. Today (Friday), the US Bureau of Labor Statistics will release the highly anticipated non-farm payroll data for May. The market expects 130,000 new jobs and the unemployment rate to remain unchanged at 4.2%. On Wednesday, the ADP jobs report, also known as the “mini-non-farm,” showed the smallest number of jobs created by the U.S. private sector in two years. The report could be a precursor to a negative non-farm payrolls report. Payroll processor ADP reported on Wednesday that private sector payrolls increased by just 37,000 in May, down from a revised 60,000 in April and below the Dow Jones forecast of 110,000. It was the smallest monthly job gain since March 2023, according to ADP. The U.S. Department of Labor reported on Thursday that initial jobless claims unexpectedly rose last week as concerns about the labor market mounted. The data showed initial jobless claims hit 247,000 in the week ended May 31, up 8,000 from the previous week and above the 236,000 expected in a Dow Jones survey. If non-farm payrolls data released today is much worse than expected, it could weigh on the U.S. dollar and send gold prices soaring. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, after making a fresh weekly high and correcting lower yesterday, gold has recovered to reach its initial target at $3,371, the price point of the 0.236% Fibonacci retracement. Following the uptrend, gold is likely to head towards the full price point of $3,400 in the short term, rather than $3,435. Currently, the technical structure has not changed much with the uptrend completely dominating the technical chart. And the notable price points will also be listed as follows. Support: 3,350 – 3,326 – 3,300USD Resistance: 3,400 – 3,435USD SELL XAUUSD PRICE 3412 - 3410⚡️ ↠↠ Stop Loss 3416 →Take Profit 1 3404 ↨ →Take Profit 2 3398 BUY XAUUSD PRICE 3301 - 3303⚡️ ↠↠ Stop Loss 3297 →Take Profit 1 3309 ↨ →Take Profit 2 3315
OANDA:XAUUSDLong
by Xayah_trading
Gold Bulls in Control: $3,412 Breakout Could Trigger Major RallyGold is currently maintaining a strong bullish structure on the 4H timeframe. Price is forming higher highs and higher lows, following a well-defined ascending trendline starting from the $3,125 region. Buyers are actively defending the structure, showing sustained strength. Short-term consolidation or minor pullback before a breakout. If the price sustains above $3,412, we can expect a continuation to $3,490, followed by $3,553. ✅ Bullish Scenario: Break and hold above $3,412 confirms bullish momentum. Target 1 : $3,490 Target 2 : $3,553 ❌ Bearish Scenario: Rejection from $3,412 or $3,490 and break below $3,288 trendline support could trigger downside. Gold is currently in a strong bullish trend with potential to reach the $3,490 and $3,553 levels in the coming sessions. However, keep an eye on the trendline support and key resistance levels. A clean break and close above $3,412 could be a signal to ride the bullish momentum. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDLong
by SibiSh
WTI(20250606)Today's AnalysisMarket news: The European Central Bank cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year. Technical analysis: Today's buying and selling boundaries: 62.58 Support and resistance levels: 63.97 63.45 63.12 62.05 61.71 61.19 Trading strategy: If the price breaks through 63.12, consider buying, and the first target price is 63.45 If the price breaks through 62.58, consider selling, and the first target price is 62.05
NYMEX:CL1!Short
by NuggetsWarriors
Bitcoin Breaks below $102,500 Support : Watch For RejectionIf you have been following my research on Bitcoin, you already know I published a prediction of a Double-Top pattern and a potential breakdown in Bitcoin on May 20, 2025. TradingView selected this video as an Editor's Pick and it received thousands of views. Thank you for all the great comments and questions from everyone. Now, after about 3+ Weeks, we are starting to see BTCUSD move below my $102,500 support level (my breakdown level) and this could be the start of a broad downward price phase for BTCUSD and US/Global assets. If you have followed any of my longer-term research, you'll quickly understand why I believe the US markets will struggle through most of 2025 as the world attempts to adjust to Trump leadership. This uncertainty will likely result in a sideways-consolidation phase in many global markets and a disruption of hard and soft assets. In this regard, you can read the content of my original post (May 20). Right now, I want to warn you that an immediate price rejection of the breakdown move is likely - possibly targeting $105k or higher. This type of rejection is very common before price makes a much bigger move. So, be prepared for BTCUSD to attempt to reject and move back above $105k, then stall and break downward very hard - trying to move below $80k in an initial downward price phase. It's going to be very interesting to see how this plays out with my broad cycle research. I'm still expecting a July 2025 and October 2025 MAJOR LOW cycle phase to play out. Buckle up. Get some #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
BITSTAMP:BTCUSDShort
by BradMatheny
1
Short Crude Oil for The LeapRisk free trade for $100 on MCL Scaling out of the trade from 4 hour supply to 4 hour demand. Using the TrendCloud Trading System and it's working great. So far I'm in the top 7% for this competition. Focusing on managing this crude oil trade and also the opening range on the MNQ and NQ Huge win on day 1 for $4000 on NQ opening range using the TrendCloud Trading Strategy. Backtesting data shows great results. Super proud of this. It took me a month to program everything properly and optimize specifically for the NQ.
NYMEX:MCL1!Short
by thechrisjuliano
Is there still hope for the bull market to rise today?📰 Impact of news: 1. Progress made in talks between China and the USA 📈 Market analysis: In view of the non-agricultural data to be released on Friday, the market is expected to maintain a volatile consolidation trend before then. From the daily level: the Bollinger Bands open gently, the gold price is running below the upper track 3414, and the MACD golden cross is running slowly, suggesting that the bullish momentum is weak. At the hourly level, the short-term short position is strong, and there is a certain rebound demand. Therefore, we pay attention to the 3343-3333 support line below, focusing on the 3300 support. After the gold price falls below the 3360 support, the 3360 position will suppress the gold price in the short term. 🏅 Trading strategies: BUY 3343-3333 TP 3360-3370-3380 SELL 3360-3370 TP 3330-3320 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 FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2