Commodities
Gold Strong Pullbacks But Long Term Image Still Bullish!!!Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3,200 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3,200 support and resistance area.
Trade safe, Joe.
Gold at Key Rejection Zone: Will the Drop Resume from $3310?By examining the gold chart on the 4-hour timeframe, we can see that after some consolidation between $3294 and $3302, the price finally began a sharp drop, correcting down to $3245. This area was a key demand zone on lower timeframes, which triggered a rebound, and gold is now trading around $3310. If the price gets rejected from the $3310–$3313 zone, we can expect another potential decline.
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SPY/QQQ Plan Your Trade for 5-30 : CRUSH PatternToday's CRUSH pattern should result in a continued downward price trend in my analysis is accurate. I have seen CRUSH pattern trend upward sometimes. So, please understand I'm reading the chart and pattern as a rolling top type of pattern leading to a CRUSH (downward) price trend today.
I highlight the potential for a FAILED CRUSH (downward) price bar - whereas a reversion back to the upside is a potential. But, I estimate that potential at only 20-25% at this time.
My analysis suggests the breakdown in price will likely continue, and we'll likely see the SPY/QQQ/Bitcoin continue to try to trend downward.
Gold and Silver are moving into a fairly solid Gap-Stall-Revert-Flush pattern that may see Gold attempt to rally back above $3400 today. Silver is currently trading very close to a STDDEV Reversion level, so Silver may not see a big move today (like Gold).
I'm hopeful we start to see a big breakaway move in Gold/Silver today and carry into next week.
My TTScanner algos generated new BUY triggers for GDX, GDXJ, and NUGT yesterday. That's a very good sign we are getting into a BUY/BULLISH mode in metals again.
I got up late today. Somehow, my alarms got turned off.
Happy Friday.
Get some.
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GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold has once again rejected the 0.618 Fib level & dropped back into the lower bound of the range zone overnight, which is what we like to see.
But overall, we remain within the range so we exercise patience & keep an eye out for any possible alternatives which might happen for Gold. Nice profits for us either way.
XAUUSD: Market Analysis and Strategy for May 30Gold technical analysis
Daily chart resistance level 3350, support level below 3260
Four-hour chart resistance level 3350, support level below 3280
One-hour chart resistance level 3325, support level below 3290
1-hour chart Bollinger Bands open downward, 4-hour chart RSI (50) neutral, ADX (35) trend momentum weakened, below $3280 will accelerate downward. MACD green column shrinks, RSI (45) neutral to weak, if it fails to break through $3305, the bearish trend will continue. The first target is around 3280.
NY time announced the annual rate of the US core PCE price index in April. Pay attention to the 3280~3320 range, sell high and buy low. After the news data is released, if the data exceeds expectations, the gold price will fall below the 3280 support, or fall to 3250-3245 US dollars, and you can follow the trend to short; if the data is weak, it may hit 3330-3345 US dollars after breaking through 3320.
SELL: 3320near SL: 3325
BUY: 3280near SL: 3275
GOLD What Next? BUY!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 3293.8 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 3307.5
Recommended Stop Loss - 3287.2
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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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WISH YOU ALL LUCK
GOLD (XAUUSD): Detailed Daily Time Frame Analysis
Gold is officially in correction now.
Analysing a price action on a daily time frame,
we can see a valid bullish flag pattern.
A minor trend that we see within the boundaries of the flag
reflects a global overbought state of the market.
The upper boundary of the flag is a strong vertical resistance
that concentrates a selling interest.
An accurate signal of a resumption of a bullish trend will be
a breakout and a candle close above that.
A bullish wave will be expected at least to 3420 then.
Remember that we can not predict how long the market will
keep trading within the flag. Also, the market may easily
drop lower within that, updating the low.
If a correction continues below the low of a flag pole,
that may signify a global bearish reversal.
Of course, from a current geopolitical and economic perspective
it is a low-probability scenario.
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DeGRAM | GOLD under the $3300 level📊 Technical Analysis
● Third touch of the channel’s upper rail near $3 330 printed a shooting-star and price is now riding back under the internal trend-pivot $3 315, restoring a sequence of lower-highs.
● Intraday support from the short-lived wedge has flipped to resistance; acceptance below the $3 284 line exposes the mid-band $3 210 and, if momentum persists, the channel floor/April pivot at $3 120.
💡 Fundamental Analysis
● US 5-yr yield hit a five-week high after Fed’s Williams said policy is “not restrictive enough yet”, while the DXY held near 105 as May jobless claims surprised on the downside. Higher real rates and a firmer dollar keep ETF outflows running.
✨ Summary
Sell rallies ≤$3 315; breakdown under $3 284 targets $3 210 then $3 120. Shorts negated on a 4 h close above $3 350.
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EURUSD | Bearish Divergence | Bearish MomentumCurrently, EURUSD is clearly in a downtrend, consistently forming lower lows and lower highs, confirming a bearish market structure. According to Dow Theory, the recent bullish momentum has now shifted into a confirmed downtrend. Additionally, the 1-hour trendline support has been broken, signaling weakness in the previous bullish leg. We now anticipate a pullback toward the recently broken structure or resistance zone, where further bearish continuation is likely.
On the 1-hour timeframe, a well-formed bearish divergence on the RSI adds confluence to our bias, indicating weakening bullish momentum and a potential trend continuation to the downside. Since our initial entry was slightly late, we’ve strategically placed a limit order near the retest zone and executed a partial position at the current market price to secure early exposure. Overall, structure and momentum both align with short-term bearish sentiment.
Identifying and understanding FVGsGold has absorbed liquidity over the past two days, and there was high volume on the previous day. I expect a 'seek and destroy' move today. If that doesn't happen, the market is still in a 4-hour bullish Fair Value Gap (FVG). The market should move upward from here, potentially reaching the Daily High (DH). If this doesn't occur, then 'seek and destroy' is expected. Do your own research; this is not financial advice.
Detailed Explanation:
Liquidity Absorption: Over the past two days, gold has been consolidating, absorbing liquidity. This means that the market has been gathering orders, setting the stage for a significant price move.
High Volume on Previous Day: The previous day's high trading volume indicates strong market interest and participation, often preceding a substantial price movement.
'Seek and Destroy' Expectation: This term refers to a market behavior where price moves to eliminate stop-loss orders, often leading to a sharp price movement. Traders anticipate this to capture liquidity before a significant move.
4-Hour Bullish Fair Value Gap (FVG): A Fair Value Gap is an area on a price chart that represents an imbalance in the market caused by rapid price movements. A bullish FVG on the 4-hour chart suggests that the market has moved quickly upwards, leaving behind unfilled orders. Traders often expect the price to return to this gap, providing an opportunity to enter trades in the direction of the prevailing trend.
Daily High (DH) Target: The Daily High represents the highest price level reached during the current trading day. Traders often monitor this level as a potential target for price movement.
'Seek and Destroy' Revisited: If the anticipated price movement does not occur, traders may look for a 'seek and destroy' scenario, where the market moves to eliminate stop-loss orders, potentially leading to a sharp price movement.
Disclaimer: The statement advises conducting your own research and clarifies that the information provided is not financial advice.
Trading Strategy!
Liquidity Absorption: Recognizing periods of consolidation and liquidity absorption can help traders anticipate potential breakout points.
Volume Analysis: Monitoring trading volume can provide insights into market interest and potential price movements.
Fair Value Gap (FVG) Trading: Identifying and understanding FVGs can offer opportunities for entering trades in the direction of the prevailing trend.
Risk Management: Always conduct your own research and consider seeking advice from financial professionals before making trading decisions.
DYOR!
GOLD Will Go Up! Long!
Take a look at our analysis for GOLD.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 3,295.78.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3,310.58 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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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Silver INTRADAY Bullish energy build-up Silver continues to exhibit a bullish overall sentiment, supported by a well-established rising trend on the higher timeframes. However, recent intraday price action has transitioned into a consolidation phase, signalling temporary indecision following the latest bullish move.
Key Technical Levels:
Support:
3250 – Critical near-term support; also the previous consolidation zone. A successful retest here would reinforce bullish structure.
3210 – Secondary support; a break below 3250 may prompt a move towards this level.
3170 – Major downside support; a breach would suggest a broader corrective phase.
Resistance:
3375 – Initial upside target if bullish momentum resumes.
3410 – Intermediate resistance; a break here would strengthen the bullish breakout.
3470 – Longer-term resistance; a target for sustained bullish extension.
Technical Outlook:
A corrective pullback toward 3250, followed by a bullish reversal, would confirm a continuation pattern and open the way toward 3375/3410/3470 over a medium to longer-term horizon. Conversely, a daily close below 3250 would invalidate the bullish bias and expose the metal to further downside toward 3210 and 3170.
Conclusion:
Silver remains bullish overall, but near-term direction hinges on the 3250 level. A bounce from this support reaffirms the uptrend, while a break below it warns of deeper correction. Traders should monitor price action closely around 3250 for confirmation of the next directional move.
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.
Gold INTRADAY bullish consolidation supported at 3250Gold continues to exhibit a bullish overall sentiment, supported by a well-established rising trend on the higher timeframes. However, recent intraday price action has transitioned into a consolidation phase, signalling temporary indecision following the latest bullish move.
Key Technical Levels:
Support:
3250 – Critical near-term support; also the previous consolidation zone. A successful retest here would reinforce bullish structure.
3220 – Secondary support; a break below 3250 may prompt a move towards this level.
3200 – Major downside support; a breach would suggest a broader corrective phase.
Resistance:
3345 – Initial upside target if bullish momentum resumes.
3367 – Intermediate resistance; a break here would strengthen the bullish breakout.
3410 – Longer-term resistance; a target for sustained bullish extension.
Technical Outlook:
A corrective pullback toward 3250, followed by a bullish reversal, would confirm a continuation pattern and open the way toward 3345/3367/3410 over a medium to longer-term horizon. Conversely, a daily close below 3250 would invalidate the bullish bias and expose the metal to further downside toward 3220 and 3200.
Conclusion:
Gold remains bullish overall, but near-term direction hinges on the 3250 level. A bounce from this support reaffirms the uptrend, while a break below it warns of deeper correction. Traders should monitor price action closely around 3250 for confirmation of the next directional move.
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.
GOLD - Price can exit from triangle and continue to fall nextHi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊
Some days ago price traded inside a triangle, where it made a strong upward impulse from support line to resistance line.
Price broke $3185 and $3345 levels, after which it started to decline from resistance line, making gaps.
In a short time, Gold broke $3345 level again and fell to support line triangle, after which it exited from this pattern.
Next, price started to trade inside another triangle, which it broke the $3345 level two times and then dropped to the support area.
Later, Gold turned around and, in a short time, rose to the resistance area, but recently made a correction.
In my mind, Gold can exit from this triangle pattern and then continue to fall to $3220
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USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.25
Target Level: 56.17
Stop Loss: 64.55
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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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WTI Crude Oil – Bearish Elliott Wave SetupOn the 15-minute chart, I’m tracking a corrective rally in wave (ii) heading toward the 0.618 Fib zone (around 62.2–62.3) before the next major leg lower.
🔻 Bearish target: 52.00
📈 Looking for the final push up before confirming downside continuation.
💬 What are your thoughts on this Elliott Wave count?
For more updates and ideas, check my profile bio!
#WTI #CrudeOil #elliottwave #priceaction #technicalanalysis
What to expect from WTI oil in the near term?We are currently not doing anything with WTI oil, but monitoring it very closely.
Let's dig in!
TVC:USOIL
MARKETSCOM:OIL
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Crude Oil is in Buy Side Discount LevelFenzoFx—Crude Oil formed a hammer candlestick pattern near weekly support after losing 4.0% of its value on Thursday. The London session began with a bullish FVG in the lower time frame, with support at $60.55.
The price is expected to target the immediate resistance at $61.3.
COOLING PCE – GOLD REBOUNDS ON EXPECTATIONS OF FED POLICY EASINGIf the upcoming PCE report shows that inflation continues to cool or comes in below expectations (e.g., core PCE under 0.2% m/m), this could reinforce market expectations that the Federal Reserve (Fed) may have room to begin cutting interest rates sooner—potentially as early as September instead of year-end.
This would weaken the US dollar and push down Treasury yields, both of which typically support gold prices, as the opportunity cost of holding non-yielding assets like gold decreases.
Short-term forecast:
Gold may rebound to the $3,330 – $3,340/oz range.
A breakout above the psychological resistance level of $3,345 could signal a medium-term uptrend.
Trading volume is likely to rise as ETF funds begin accumulating positions again.
Suggested strategy:
Buy XAUUSD around the 3310 – 3313 area
Stoploss: 3300
Take Profit 1: 3325
Take Profit 2: 3335
Take Profit 3: 3345
Gold Trade Setup – Tactical Short CallGold’s recent rebound appears corrective within a broader short-term bearish structure. Price action has stalled below the 200-period 4H SMA and key Fib resistance, signaling potential exhaustion.
🔎 Technical Confluence:
Rejection from descending trendline resistance
61.8% retracement of the latest drop capped upside near $3,315
Bearish RSI divergence on 1H and 4H
Weak momentum on MACD + low ADX signals lack of trend strength
📊 Macro Overlay:
Market remains cautious ahead of today’s Core PCE data (expected to cool slightly YoY).
Rising real yields and firm USD limit upside in gold, especially as risk-on tone returns temporarily.
Positioning data shows speculative longs remain elevated—raising vulnerability to profit-taking.
⚠️ Execution Note:
Patience is key—wait for confirmation via bearish engulfing or failure swing near $3,315 before engaging. Lower timeframes show consolidation; a breakdown below $3,290 will likely accelerate toward the $3,274 target.
Gold XAUUSD Move 29 May 2025Price Action: The price recently approached the 3,320-3,325 resistance zone (highlighted by horizontal lines) and rejected it, forming a bearish candlestick pattern (e.g., shooting star / doji). This suggests strong selling pressure at this level.
Trendline: The trendline from the recent high shows a potential double top or head-and-shoulders pattern, reinforcing the likelihood of a reversal.
Support Levels: Immediate support lies around 3290/80 (previous consolidation zone).
Volume (implied): A spike in selling volume at 3,320-3,325 could confirm the rejection.
Analysis: The rejection at 3,320-3,325, combined with the trendline break, indicates a potential sell-off. The market may be shifting from bullish to bearish momentum, especially if the price closes below the recent low.
Signal: Sell at 3,320-3,325 if the price rejects again with a bearish candle confirmation. Target 3,200-3,250, stop loss above 3,335.