Riding Wave (5) Toward 3380 Before ABC Correction📌 Market Context
The current chart shows wave (5) of a larger impulsive structure is still in progress, with price rising from the bottom of wave (4). After a clean wave (1)-(2)-(3)-(4), the market is now pushing upward, targeting the 3380 zone as a likely wave (5) completion.
🟢 Entry Levels (End of Wave 2)
First Entry: 3298
Second Entry: 3279.6
Commodities
How do we plan before ADP and NFP?📰 News information:
1. ADP data, for reference of tomorrow's NFP data
2. Interest rate cuts and Powell's dovish comments
3. Geopolitical impact on the gold market
📈 Technical Analysis:
The market will continue to fluctuate before the ADP data, and the market will continue to rise after the adjustment. In the 4H cycle, the upper rail of the pressure is temporarily suspended, and the Bollinger Bands also close. This is why I emphasize the need to pay attention to the 3323 support line below. At present, gold rebounded, I think it will touch 3348 at most, that is, it rebounded to 50%. Therefore, before the ADP data, I still hold the position of 3340-3350 for shorting, and find support for long at 3325-3315 below. I have marked the pattern of head and shoulders bottom in the figure. I have been engaged in spot, futures, foreign exchange and other transactions for many years. My analysis ideas can be referred to by brothers
🎯 Trading Points:
SELL 3340-3350
TP 3330-3325-3315-3295
BUY 3323-3315-3305
TP 3340-3350-3360-3375
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, confronting your mistakes, and strictly disciplining yourself. I hope my analysis can help you🌐.
TVC:GOLD OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD FXOPEN:XAUUSD
Failed Breakout Sets the Stage for Bullish Continuation"Boost it, if you like it (Thanks)"
Gold is showing resilience after a failed breakout attempt, bouncing strongly off the 3,250 support zone. This 4H chart suggests bulls are regaining control, with momentum building toward the next key resistance.
🔍 Technical Breakdown:
Failed Breakout (Failed MTR Structure): Price briefly dipped below the trendline but reversed sharply, invalidating the bearish move.
Dynamic Support: The ascending trendline near 3,250 has held firm, reinforcing bullish structure.
EMA Structure:
15 EMA: 3,323.84
60 EMA: 3,331.61 Price is now trading above both EMAs, signaling bullish momentum.
Current Price: 3,339.0
Target: 3,434.34 – the first major resistance zone before ATH retest.
🧠 Market Psychology:
This setup reflects a classic “shakeout” – weak hands were flushed out below support, only for price to reclaim the level with strength. This often precedes a strong directional move as confidence returns.
🎯 Trade Setup:
Entry: On a confirmed break above 3,345–3,350
Stop Loss: Below 3,325
TP1: 3365
TP2: 3385
Final TP(x): 3,434.34
⚠️ Watchlist:
Monitor price action near 3,360–3,370 for signs of rejection or continuation.
A clean break above 3,434 opens the door for an ATH retest.
#MJTrading
#Gold #XAUUSD #TechnicalAnalysis #TradingView #FailedBreakout #SupportAndResistance #EMA #BullishSetup #PriceAction #ForexTrading #GoldBulls #MarketPsychology
GOLD – Bullish Flag Breakout After Demand Zone Test
Price pulled back into the major demand zone (blue area), rejected with a strong wick, and formed a bullish flag structure. The breakout above the flag channel suggests continuation toward recent highs.
Trade Plan:
✅ Entry:
Above 3344 (breakout confirmation)
✅ Stop Loss:
Below 3332 (last swing low)
✅ Target:
3357–3360 (previous resistance zone)
Context:
• Demand zone respected
• EMA support aligning
• Clear breakout candle with volume
Risk Management:
Max risk per trade: 1%
Zoom in M5:
#Gold #XAUUSD #PriceAction #BreakoutTrading #MJTrading #ForexSignals #CommodityTrading
USOIL:Narrow trading strategy
USOIL: There is no update in the past two days, because the oil price still continues to fluctuate in a narrow range, and the space for volatility is gradually reduced, which is not very different from our overall trading idea. The original long target of 65.9-66.4 can be adjusted to 65.8-66.2 with the reduction of the space for volatility. It is expected that the trend will come out this week, and we will adjust our thinking then.
Friends who do not trade at present can refer to the interval trading strategy within a day:
BUY@64.7-65
TP: 65.8 to 66.2
SELL@65.8-66.2
TP: 64.7-65
More detailed strategies and trading will be notified here ↗↗↗
Keep updated, come to "get" ↗↗↗
USOIL:Today's trading strategy
Oil prices have been sideways for the fourth trading day, volatility began to narrow, the market is brewing a new round of trend, short-term range 64-66.4. Today you can sell high and buy low around a narrow range.
Trading Strategy:
BUY@64.7-65.1
TP: 65.9-66.4
SELL: 66-66.4
TP: 65.1-64.5
More detailed strategies and trading will be notified here ↗↗↗
Keep updated, come to "get" ↗↗↗
DeGRAM | GOLD held the support area📊 Technical Analysis
● Bullish rebound from the green 3 250-3 300 demand, where the rising-channel base and May’s inner trend-line intersect, prints a higher low and invalidates the prior break.
● Price is reclaiming the channel median; a push through 3 378 unlocks the June swing cap at 3 434, while risk is contained by the fresh pivot turned support at 3 300.
💡 Fundamental Analysis
● Softer US ISM-Mfg prices and a dip in 2-yr yields eased dollar pressure, while IMF data show another uptick in official gold purchases—both restoring near-term bid.
✨ Summary
Long 3 300-3 320; hold above aims 3 378 → 3 434. Invalidate below 3 250.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Will Gold Continue Its Strong Rally or Face a Pullback?XAUUSD 02/07: Will Gold Continue Its Strong Rally or Face a Pullback?
📉 Technical Analysis – Gold Faces Short-Term Pullback After Strong Rally
Gold has been experiencing a clear rally in recent days, but it’s currently undergoing a brief correction. The price has recently dropped slightly, prompting traders to keep a close eye on key levels for potential reversal or continuation of the bullish move.
🌍 Macroeconomic Context – Factors Impacting Gold's Price
USD Fluctuation: The weakness in the US Dollar continues to affect gold prices, creating opportunities for the precious metal to maintain its upward movement.
Geopolitical Tensions: Ongoing global tensions, including the US-Iran conflict, act as a safe-haven factor, supporting gold demand.
Interest Rate Expectations: The market is closely watching for any changes in interest rate policies. Any future rate cuts by the Fed could further bolster gold's price.
📊 Technical Outlook (H1 – H4 – D1)
Short-Term Trend: On the H1 timeframe, the price of gold touched a key level near 3340. From there, the price began to experience a pullback. However, the upward momentum remains strong on higher timeframes.
Key Support Levels: The 3300 level remains a crucial support. If the price stays above this, there’s a chance for gold to continue rising towards higher levels.
Key Resistance Levels: 3360 and 3380 are critical resistance levels. If breached, gold could move towards new highs.
📍 Important Support and Resistance Levels:
🔺 Resistance: 3345 – 3360 – 3380 – 3400
🔻 Support: 3300 – 3290 – 3270 – 3250
💡 Trading Plan for Today, 02/07:
🔵 BUY ZONE:
📈 Entry: 3305 – 3303
📉 SL: 3297
💰 TP: 3315 → 3325 → 3340 → 3360
🔴 SELL ZONE:
📉 Entry: 3360 – 3362
📈 SL: 3368
💰 TP: 3350 → 3340 → 3320
📣 Conclusion:
Gold is showing signs of short-term correction but remains a strong asset due to geopolitical factors and monetary policies. Buying opportunities continue to be attractive at support levels, while key resistances will play a crucial role for any breakout. Keep an eye on the mentioned levels to capitalize on market movements.
Happy trading and best of luck to all traders!
USOIL Will Fall! Sell!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 65.603.
Taking into consideration the structure & trend analysis, I believe that the market will reach 59.910 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 67.15 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 70.90 which is a level that sits above the 50% Fibonacci retracement and a pullback resistance.
Take profit is at 62.51 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GOLD BEARS ARE STRONG HERE|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,336.38
Target Level: 3,250.04
Stop Loss: 3,393.93
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 5h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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XNGUSD Technical Update – What the Chart Is Telling Us NowIn this video, I break down the current XNGUSD (Natural Gas) chart using pure price action analysis on the daily timeframe.
This update builds on my previous post, where I shared a comprehensive outlook supported by fundamentals, including supply/demand imbalances, geopolitical risks, and long-term LNG export growth.
In this video, I focus purely on the technical picture—highlighting key levels, market structure, recent consolidation, and where I see potential opportunities unfolding next.
📈 If you're trading or investing in Natural Gas, this is a must-watch update to stay in tune with the current market dynamics.
Remember: This is not financial advice. Always do your own research and manage risk appropriately.
LNG Bull Market: How Geopolitics and Demand Are Fueling XNG🔥 The Natural Gas market presents a compelling risk/reward opportunity with strong fundamental support from ⚖️ supply/demand imbalances and 🌍 geopolitical factors. The technical chart shows a healthy 📊 consolidation after the explosive 🚀 February–March rally, with the potential for another leg higher.
📌 Key Investment Thesis:
• 📈 Structural bull market driven by demand growth outpacing supply
• 🌐 Geopolitical premium supporting price floor
• 🌦️ Weather-driven volatility creating trading opportunities
• 🛳️ LNG export growth providing long-term demand foundation
🧭 Recommended Approach:
• 💰 Accumulate positions on weakness near $3.00–$3.40 levels
• 🎯 Target initial resistance at $4.00, with extended targets at $5.00+
• ⚠️ Maintain disciplined risk management with stops below $2.60
• 👀 Monitor weather patterns and geopolitical developments closely
📊 Risk Rating: MODERATE TO HIGH (due to volatility)
💵 Return Potential: HIGH (⏫ 50–100% upside potential over 12–18 months)
❗ This analysis is for informational purposes only and should not be considered as financial advice.
⚠️ Natural gas trading involves significant risk and volatility.
📚 Always consult with a qualified financial advisor and conduct your own research before making investment decisions.
Hellena | GOLD (4H): LONG to resistance area of 3450 (Wave 3).Colleagues, it seems that the correction turned out to be a little deeper than I thought. This means that wave “1” of the middle order has been formed and now correction wave “2” is ending. I still expect an upward movement.
I believe that the maximum of wave “1” — the resistance area of 3450 — will be reached within wave “3”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GOLD 02/07 – WAVE (5) IN FOCUS WHILE ABOVE 3330 SUPPORT📊 MACRO FUNDAMENTAL CONTEXT:
The market is closely watching today's ADP Non-Farm Employment report (forecast: 99K vs. previous: 37K), which will serve as a key signal ahead of Friday's Non-Farm Payrolls.
At the same time, President Trump’s remarks on the tax reform bill triggered renewed concerns over the growing US budget deficit, raising demand for gold as a hedge.
Overall, the macro outlook remains mildly bullish for gold, especially in the context of a weakening US Dollar and rising fiscal risk.
🧠 ELLIOTT WAVE + SMC STRUCTURE OVERVIEW:
Price has likely completed a Wave (4) correction, supported by Fibonacci confluence (0.382 – 0.5 – 0.618 zone).
We are now entering Wave (5), targeting the FE 1.618 zone near 3380 – 3413, aligning with key external liquidity and the previous supply imbalance.
Short-term structure confirms CHoCH → BOS → MSS in alignment with ICT model, reinforcing the internal structure of bullish market flow.
🔍 KEY LEVELS & TRADING ZONES:
🔼 BUY ZONE:
3306 – 3304 (Demand zone + Fib retracement area)
📍 Stop Loss: 3300 (Below SSL and last swing low)
🎯 Take Profits:
3310 → 3315 → 3320 → 3325 → 3330 → 3340
🔽 SELL ZONE (SCALP):
3388 – 3390 (Potential liquidity grab & reversal)
📍 Stop Loss: 3394
🎯 Take Profits:
3384 → 3380 → 3376 → 3370 → 3365 → 3360 → 3350
📈 PROJECTED SCENARIOS:
✅ Scenario 1 – Preferred (Wave (5) Extension Active):
If price consolidates and holds above 3330 – 3335, we expect an impulsive continuation towards 3380 – 3410.
Structure remains aligned with bullish wave count, with minor retracements forming flags or wedges.
⚠️ Scenario 2 – Controlled Pullback:
If price retraces to 3310 – 3320, it may tap into remaining imbalance before resuming the uptrend.
This remains within the bullish framework unless structure breaks below 3300, which would invalidate the current wave structure.
🕵️♂️ OBSERVATION:
Current Asian session shows tight consolidation after the US correction, suggesting bullish absorption.
A breakout above 3345 will reconfirm the momentum and may attract new volume before the ADP release.
⚙️ FINAL REMARK (STRUCTURAL SUMMARY):
The overall structure remains bullish with caution, as price currently navigates the tail end of Wave (4) and potentially the start of Wave (5).
Patience is required at key levels – chasing price here is risky. Ideal approach: Wait for pullbacks into demand zones or breakout confirmations.
GOLD (XAUUSD): Bearish Move From Resistance
Gold went overbought after a test of a key daily resistance cluster.
A formation of multiple bearish imbalance candles on an hourly time frame
signifies a local dominance of the sellers.
The price will continue retracing at least to 3323 support.
❤️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.
XAU bearish and bullish setup for next week
Still XAU making HH and HL
It has to retrace before going for another HH
Seasonal analysis showing same previous 5 year data
XAU Bearish from 23 Feb to 2 Mar then Bullish from 3 Mar - 20 Apr
So, instead of this week retracement and consolidation
I look for trade bullish trade next week.
XAGUSD H1 I Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 36.24, an overlap resistance close to the 50% Fib retracement.
Our take profit will be at 35.89, an overlap support.
The stop loss will be placed at 36.57, which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAUUSD M15 I Bearish Drop Based on the H4 chart analysis, we can see that the price is trading near our sell entry at 3343 -3346.77, an overlap resistance
Our take profit will be at 3322.08, a pullback support.
The stop loss will be placed at 3358.78 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SPY/QQQ Plan Your Trade For 7-1 : Post Market UpdateToday was a very powerful day for the Cycle Patterns - particularly for Gold and BTCUSD.
Gold rallied as the Cycle Pattern predicted a RALLY in TREND mode.
BTCUSD collapsed on a CRUSH Cycle Pattern.
The SPY Cycle Pattern predicted a Gap Reversal pattern. We did see the Gap today and a moderate reversal in price. But the SPY, as usual, continued to try to melt upward.
I highlighted a very interesting TWINNING pattern in Bitcoin in this video. Pay attention.
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
Gold (XAUUSD) – Bias for July 2Yesterday, price broke above the key H4 Lower High zone (3348–3350) with strong bullish momentum.
This breakout suggests a possible shift in the higher timeframe structure — indicating that the market may now be building toward a larger uptrend.
But we don’t chase breakouts — we prepare for the pullback phase .
🔍 What to Watch:
At present, M15 remains in a clean uptrend , fully in sync with the new H4 structure.
This multi-timeframe alignment gives us a clear bullish bias — but not an entry by itself.
We now need to see how price develops the pullback.
The best trades come when structure retraces with clarity — and confirms before continuation.
📍 Key M15 Level to Track:
• 3302 – Current M15 Higher Low
→ If this level holds, we may see a continuation of the uptrend from here.
→ If it breaks, the next potential reversal zone is around 3290 , where demand may reappear.
🎯 Execution Plan:
The trend is now clearly bullish across HTF and LTF.
We will only look for long setups , and only where structure confirms — either at the current HL or at deeper demand zones.
No confirmation = No trade.
No alignment = No edge.
Let price come to you. Our job is not to anticipate, but to align.
📖 From the Mirror Philosophy:
“In trend-following, the edge lies in waiting — not in chasing.
The market will reflect your patience back at you.”
📘 Shared by @ChartIsMirror
Author of The Chart Is The Mirror — a structure-first, mindset-grounded book for traders
A LITTLE MORE RALLY?After price closed strong bearing the previous week, we have witnessed a massive rally back up into weekly highs. Even after 2 days of rally, this strong bullish pressure doesn't seem to be over looking at today's strong daily closure. We might just see price extend a little further into weekly highs as shown and now based on strong confirmations, a plunge back down into April's lows.
A continuation of the rally may be seen after price taps into the current daily demand region as indicated on the chart. Fingers crossed for confirmations