XAUUSD 30M CHART PATTERNThis chart is a 30-minute timeframe for CFDs on Gold (US$/OZ), showing a potential long (buy) trade setup with clearly defined risk and reward parameters:
Key Elements:
Entry Zone: Around the current price level (approx. 3,271.44).
Take Profit (TP): Targeted near 3,340.93, suggesting a bullish move toward previous highs.
Stop Loss (SL): Set just below 3,250.56, indicating a cutoff in case the price declines.
Observations:
Bullish Setup: The price has bounced from a recent low and shows a possible reversal pattern. This is further supported by the expected upward trajectory.
Risk/Reward Ratio: Visually, the TP zone is significantly larger than the SL zone, indicating a favorable risk/reward setup.
Market Context: The chart shows recent volatility with sharp moves, so risk management is critical.
Would you like help calculating the exact risk/reward ratio or analyzing whether this is a high-probability setup based on technical indicators or patterns?
Gold
Gold Technical Analysis - Potential Rising Wedge Signals CautionGold (XAU/USD) is trading around $3,340 - $3,350 area, exhibiting a bullish market structure characterized by higher highs and higher lows. The price has recently tested the resistance zone between $3,330 and $3,350, a level that has previously acted as a ceiling for upward movements. A decisive break above this resistance could pave the way for further gains, with potential targets at $3,371 and beyond. Conversely, failure to sustain above this level may lead to a pullback toward the support zone around $3,300.
The rising wedge on Gold signals caution for bulls. Unless there's a strong breakout above $3,365 , the pattern favors a bearish move toward $3,250 or lower.
✅ Long Bias – Bullish Outlook
Gold is currently trading in an uptrend , supported by:
Higher lows and higher highs structure.
Strong bullish momentum on the rebound from the recent dip around $3,120 .
Fundamentals like economic uncertainty, interest rate cut expectations, or geopolitical tension that often support gold prices.
If price breaks and holds above $3,350–$3,365 , it would confirm bullish continuation, and a long position targeting $3,400–$3,500 is valid.
🔻 Short Setup – Bearish Outlook
Consider a short trade only if:
Price gets rejected from $3,350–$3,365 .
A lower high is confirmed (on H4 or Daily TF).
Bearish candlestick patterns appear at resistance.
Break below $3,300 would open downside targets to $3,250 , and potentially $3,200 .
⚠️ Caution Zone – Potential Pullback
However, there are early signs of exhaustion:
Price is testing a descending trendline + previous weekly high (~$3,330–$3,350) – a key decision point.
If rejection is confirmed, we might see a retest of support near $3,300 or $3,250 .
📊 Current Market Structure
Chart Pattern : Rising Wedge
Timeframe : 4H and Daily
Resistance Trendline : Connecting recent highs around $3,320 → $3,350 → $3,365
Support Trendline : Connecting higher lows around $3,250 → $3,300 → $3,330
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!
Bearish reversal off pullback resistance?The Gold (XAU/USD) is rising towards the pivot, which acts as a pullback resistance and could reverse to the 1st support, which has been identified as a pullback support.
Pivot: 3,284.50
1st Support: 3,205.30
1st Resistance: 3,232.71
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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.
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XAUUSD Idea: Structure, Fibonacci Setup & S&P 500 Correlation📉 XAUUSD Trade Outlook 🧠🔍
Currently analyzing Gold (XAUUSD), and things are getting interesting. On the daily timeframe, we’ve seen a clear bearish break of market structure, and this shift is also evident on the 4-hour chart. 🕰️📉
I’m watching closely for a bullish retracement into my key Fibonacci 61.8% level, where I’ll be looking for confirmation of a bearish structural break to initiate a short position. 🎯🔽
When we compare this setup to the US500 (S&P 500), it becomes even more compelling. The indices have rallied hard and appear overextended — a correction seems likely. 📊🧾
If we do get that pullback in the indices, gold may rally temporarily, but my overall bias remains bearish. If the indices resume their uptrend after a pullback, I expect gold to weaken further, aligning with my current short-side outlook. ⚠️📉
🛑 This is not financial advice. Always do your own analysis and manage risk according to your trading plan.
💬 What are your thoughts on gold right now? Are you leaning bullish or bearish? Let me know in the comments! 👇
Will Gold Break Through 3366 or Collapse Before NFP? XAUUSD PLAN – MAY 26 | Will Gold Break Through 3366 or Collapse Before NFP?
Gold is approaching a key resistance zone as geopolitical uncertainty and shifting Fed signals add volatility to global markets. While recent bullish momentum has been strong, traders should prepare for potential shakeouts ahead of NFP week.
🌍 MACRO & FUNDAMENTAL CONTEXT
US–Iran Tensions on the Rise: Iran has warned the US it will bear full responsibility if Israel attacks its nuclear facilities. This comes just days before both sides are scheduled to resume nuclear negotiations, increasing the risk of escalation.
Goldman Sachs Signals a Safe-Haven Shift: With 20-year US bond auctions failing and yields surging, Goldman Sachs now recommends gold and Bitcoin as core hedge assets against fiscal instability and a weakening dollar.
DXY Losing Steam: The US Dollar Index is cooling off after a short-term rally, with Fed rate hike expectations becoming less certain.
📉 TECHNICAL ANALYSIS – XAUUSD (M30 – H1)
Gold is consolidating in a bullish structure, bouncing within a rising channel and showing signs of potential continuation.
EMA13/EMA34 have crossed above EMA200 on the M30 chart → a sign of trend strength building.
A large Fair Value Gap (FVG) remains unfilled near 3360–3395 → potential magnet zone if bullish breakout succeeds.
🎯 TRADE SETUPS FOR TODAY
🟢 BUY SCALP
Entry: 3304 – 3302
SL: 3298
TP: 3308 → 3312 → 3316 → 3320 → 3325 → 3330 → 3340
🟢 BUY ZONE
Entry: 3276 – 3274
SL: 3270
TP: 3280 → 3284 → 3288 → 3292 → 3296 → 3300
🔴 SELL SCALP
Entry: 3344 – 3346
SL: 3350
TP: 3340 → 3336 → 3332 → 3328 → 3324 → 3320
🔴 SELL ZONE
Entry: 3376 – 3378
SL: 3382
TP: 3372 → 3368 → 3364 → 3360 → 3350
🧩 STRATEGIC KEYLEVELS
Key SELL Zone: 3358–3360 → If broken, gold may rush toward ATH targets.
Key BUY Zone: 3276–3274 → If lost, a deep retracement below 3200 is likely.
⚠️ NOTES TO TRADERS
This is a geo-politically sensitive market. Sudden news or tweets can trigger explosive moves.
Always wait for confirmation near key zones. Don't chase breakouts without structure.
Risk management is critical.
✅ SUMMARY:
"Political risk is the fuel. Gold is the fire. Stay sharp around the key levels and don't get caught in false breakouts. Be reactive, not predictive."
XAUUSD H1 Bearish Reversal Based on the H1 chart, the price is rising toward our sell entry level at 3287.34, a pullback resistance.
Our take profit is set at 3245, an overlap support.
The stop loss is set at 3323.49,an overlap 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.
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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.
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Gold isn't breaking out — it’s breaking down.What we're seeing in gold right now is not a temporary pause — it's a calculated, smart money-driven transition from impulsive expansion into controlled redistribution. The rally from 3120 to 3357 wasn’t organic or trend-based — it was mechanical, steep, and uncorrected. And that’s the first red flag. When price travels that far without building any real base or demand, it’s often not aiming for continuation, but to reach a liquidity target. This was a liquidity run, not a sustainable breakout.
Then comes May 24 — a pivotal moment. Price breaks above 3357, spikes volume +19% over average — but delivers a weak candle body. The next bar doesn’t confirm, doesn’t expand, doesn’t even push the high. Instead, we get a failed breakout followed by retreat. That’s textbook deviation — a classic trap where market makers dump inventory while retail rushes to chase the breakout.
This happens inside the derivation area — that thin, deceptive range between 3357 and 3370. It’s where distribution is masked as strength. But price behavior reveals the truth: after tapping that zone, it didn’t hold. Price fell back inside the range. No retest. No follow-through. And most importantly — price has now closed beneath the anchored VWAP from May 13, shifting the control of the tape.
Anchored VWAP matters — it's the average weighted cost of the dominant positioning from smart money. And once price falls below it and stays there, we know demand has dried up. Add to that: shrinking candle ranges, decreasing volume, soft closes — all signs of exhaustion. RSI has already pulled off from overbought levels, Stochastic is turning down, and ADX shows trend strength fading.
But those indicators are just the shadow of what price already told us. We’ve lost structure. A lower high is forming. Price was rejected from the same zone that was previously supposed to be the breakout. It’s not consolidation anymore — it’s redistribution.
The path forward is tactical and logical. Price is likely headed first toward 3275 — that’s the shallow liquidity pocket. From there, we might get a pullback to 3305–3315 — not a rally, but a retest of the old sell zone. That’s where another leg of short interest can build. Then comes 3250 — the bottom of the last structural block. If that fails to hold, gold opens the door to 3205–3215 — a historical volume shelf and the next real support.
There’s no guessing here. The breakout failed. VWAP is broken. Momentum is gone. This isn’t the start of something higher — this is the start of the unwind. And while retail waits for 3400, smart money is already loading their next leg short.
FOMC minutes, GOLD market may see strong volatilityIn the Asian session, spot OANDA:XAUUSD recovered slightly after yesterday's sharp decline. Gold prices are currently holding price action around the 0.382% Fibonacci retracement level, the nearest support point. On this trading day, investors will look at the Federal Reserve meeting minutes, which are expected to cause major volatility in the gold market.
On Tuesday, as the Trump administration once again released positive information on trade, the market's risk appetite recovered, reducing demand for safe-haven assets such as gold.
On Thursday, the US Federal Open Market Committee (FOMC) will release the minutes of its May monetary policy meeting.
At its May 7 monetary policy meeting, the FOMC kept its policy rate unchanged at 4.25%-4.50%, marking the third consecutive time this year. Federal Reserve Chairman Powell continued to maintain his "no rush to cut interest rates" stance.
The minutes released this time record the FOMC's detailed views on monetary policy and provide clues to the future direction of interest rate policy.
Economists generally believe that with few clear signs of stress in the labor market, Fed officials will be happy to keep rates on hold until changes in trade policy are reflected in the data, and the minutes are expected to reinforce that view.
There is a possibility that the tone of the minutes will be more hawkish than expected, which could support the US dollar to some extent, thereby affecting gold prices, but overall it will not create strong pressure.
But these are all predictions because I cannot predict what will be in the content of the US FED FOMC minutes, and all the content in the FOMC minutes will be directly reflected in the gold price. Traders need to pay special attention to this event on this trading day.
Technical outlook analysis of OANDA:XAUUSD
On the daily chart, gold is still struggling to trade above the confluence area as initial support with the emergence of the 21-day moving average (EMA21) with the 0.382% Fibonacci retracement.
The technical structure has hardly changed significantly with the trend still tilted to the upside. Holding above the $3,300 base point would be a good sign, on the other hand the $3,371 target would remain as a near-term upside target and a break of the 0.236% Fibonacci retracement on gold would provide the technical conditions for the next upside target around $3,400 in the near-term, followed by $3,435 more than the all-time high of $3,500.
The relative strength index RSI is above 50, which is also a good signal in terms of momentum, from the RSI we can see that there is still a lot of room for growth ahead.
During the day, the bullish outlook for gold prices will be noticed by the following technical positions.
Support: 3,292 – 3,250 USD
Resistance: 3,300 – 3,371 USD
SELL XAUUSD PRICE 3365 - 3363⚡️
↠↠ Stop Loss 3369
→Take Profit 1 3357
↨
→Take Profit 2 3351
BUY XAUUSD PRICE 3263 - 3265⚡️
↠↠ Stop Loss 3259
→Take Profit 1 3271
↨
→Take Profit 2 3277
XAUUSD is currently displaying a classic upward trend structure
Welcome back, traders, to today’s gold market update!
XAUUSD is currently displaying a classic upward trend structure within a rising channel, signaling sustained bullish momentum. The price continues to form higher highs and higher lows—clear evidence that the uptrend remains intact. The recent pullback appears to be a healthy correction, potentially setting the stage for another leg higher.
At the moment, price is approaching a key support zone, marked by the lower boundary of the channel and a previous demand area. If this zone holds, it could present a strong re-entry opportunity for buyers, with the next bullish target projected around $3,450—aligning with both the midline of the ascending channel and a prior resistance level.
As long as the price remains above this support area and the rising trendline, the bullish scenario stays valid. However, a breakdown below this level could invalidate the setup and increase the likelihood of a deeper retracement.
Gold’s consolidation below $3,350 is partly due to the optimism following Trump’s decision to delay tariffs on EU goods, which has acted as a short-term drag on this safe-haven asset. Nonetheless, lingering U.S.-China trade tensions, persistent geopolitical uncertainties, expectations of Fed rate cuts, and broad weakness in the U.S. dollar continue to provide underlying support for gold in the medium term.
Thank you for tuning in, and wishing you successful and disciplined trading!
Gold Still bearish for the momentLooking for gold to fill in a Bullish gap before I consider longs. price is pretty bearish this week and im thinking it due to the contract roll and month end close. Looking for price to find some area of support before considering going Long. As always we wait for the Killzones.
Trade Idea:XAUUSD Short ( SELL LIMIT )📉 Multi-Timeframe Breakdown
🔹 H4 Chart (Macro Bias)
• Trend Context: Price is still broadly in an uptrend on the H4, but it’s testing the 50 SMA from above.
• MACD: Bearish crossover below the signal line suggests waning bullish momentum.
• Volume: Slight uptick in bearish volume as price pulls back from the recent highs.
• Bias: Neutral to Bearish Short-Term (H4 trend remains up, but weakening).
🔹 M15 Chart (Setup Zone)
• Structure: A sharp selloff broke both the 20 SMA and 50 SMA.
• Momentum: RSI ~16, oversold—but that can persist in strong trends.
• Volume: Large spike on the breakdown candle = strong bearish interest.
• ATR: 7.97 = elevated volatility.
• Bias: Bearish momentum, potential pullback retest opportunity.
🔹 M3 Chart (Execution Focus)
• Price Action: Freefall with clean rejections at the 20 SMA.
• Volume Spike: Bears in control, RSI also confirms momentum exhaustion but no reversal confirmation yet.
• Bias: Bearish with potential for bounce/pullback retest entry.
⸻
✅ Primary Trade Setup
Type: 🟥 Sell Limit
Rationale: Let price retrace into resistance before fading it, using structure for confirmation.
Entry Zone: 3270–3276 area (prior support becomes resistance near 20 SMA on M15 and 50 SMA on M3).
Stop Loss: Above structure high → 3283
Take Profit: Next key support zone ~3245–3250 (measured move + demand zone on M15/M3).
📌 Sell Limit Order
• Sell Limit @ 3273
• SL @ 3283
• TP @ 3248
FUSIONMARKETS:XAUUSD
GOLD Bearish Breakout! Sell!
Hello,Traders!
GOLD made a bearish
Breakout of the key horizontal
Level of 3285$ which also
Seems to have been a neckline
Of the small H&S pattern so
We are locally bearish biased
And we will be expecting a
Further bearish move down
Sell!
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With Bullish bias into new Week - 2025/05/26Last week, I published my idea for a whole week with daily updates for the first time. You can read about it here:
🎯 The target of $3348 was reached on Friday due to the announcement of new tariffs against the European Union.
💡 Here is my idea for the week from May 26-30, 2025.
First things first, the Friday session last week ended with bullish momentum. Even though the gold price consolidated more at the $3366 mark, it was obviously to allow time to pass and calm down stressed values like EMA or MACD. This is a very good sign for the start of the week because if the Asia timezone takes the invite, the gold price has a good chance to rise. My expectation is a bullish GAP right at the beginning; if so, it's a clear sign for the rest of the day, in my opinion. These thoughts would support my goal from above $3500 during the week.
📰 Geopolitical News Landscape
India / Pakistan
The ceasefire from May 10 remains tense but intact. Both sides claim victory, while Pakistan strengthens ties with China. Cross-border attacks have ceased, but mutual distrust persists.
➡️ Situation remains fragile; renewed escalation is possible.
Gaza Conflict
Israel intensifies "Gideon’s Chariot" with ground forces in Khan Younis. Mass evacuations and high civilian casualties worsen the humanitarian crisis. Peace talks have stalled as the offensive continues.
➡️ No relief in sight; humanitarian conditions are deteriorating further.
Russia / Ukraine
On May 24, Russia launched its largest air assault yet with 367 missiles and drones—13 civilians were killed. Just before, both sides exchanged 1,000 prisoners. Peace talks remain suspended.
➡️ Violence is escalating; a ceasefire remains out of reach.
U.S.–China Trade War
The 90-day tariff pause triggered a rush to import from China. Shipping bottlenecks and high freight rates are straining businesses. Structural issues remain unresolved.
➡️ Short-term easing; long-term tensions persist.
Trade War on global view
The global trade war has escalated in May 2025, with the U.S. imposing a 50% tariff on EU imports and a 25% levy on foreign-made smartphones, citing trade imbalances. The EU has condemned these moves, warning of potential retaliation. In response to U.S. tariffs, China has restricted rare earth exports, impacting global supply chains. ASEAN nations, heavily affected by U.S. tariffs ranging from 10% to 49%, are urging deeper regional integration to mitigate economic disruptions. The IMF has downgraded global growth forecasts to 2.8% for 2025, citing trade tensions and policy uncertainty. Supply chains are being restructured, with companies shifting production to countries like Vietnam and Mexico. Financial markets are volatile, with increased inflationary pressures and investor anxiety.
➡️ Emerging markets face currency volatility and economic instability due to the ongoing trade conflicts.
⚖️Trump vs. Powell
President Trump increases pressure on Fed Chair Powell to cut rates. The Fed holds interest rates at 4.25–4.5% and warns of inflation. A 10% staff reduction is planned to boost efficiency.
➡️Political interference is increasingly destabilizing markets.
U.S. Inflation – April 2025
Inflation dropped to 2.3%, the lowest since February 2021. However, consumer inflation expectations remain high at 7.3%. The University of Michigan Consumer Sentiment Index fell to 50.8—a historic low.
➡️A clear gap is emerging between official data and public perception.
🔋 Technical Analysis – Short-Term
📊 Analysis: May 19–24, 2025
Weekly Low: $3,204 (May 20)
Weekly High: $3,366 (May 23)
Weekly Close (May 23): approx. $3,358
Total Gain: +5%
🟢 Trend: A clear uptrend is evident. After hitting a low of $3,204 on May 20, gold experienced a strong rally, forming consistently higher highs and higher lows. A brief pullback on May 22 was quickly bought up.
📈 Structure: A series of bullish flag patterns developed, each resolving to the upside. The high at $3,366 currently marks the most significant resistance level.
🔮 Outlook from May 26, 2025
Resistance: $3,366 (recent high)
Support: $3,310 (last local low), below that $3,280 (breakout zone)
Bias: Bullish as long as price holds above $3,310
📌 Scenario 1 – Bullish Breakout: A sustained breakout above $3,366 could unlock further upside potential toward the $3,390–$3,410 area. When Asia session starting with bull GAP the Scenario is the one i preffer.
📌 Scenario 2 – Pullback: A retracement to the $3,310–$3,280 zone would be a healthy correction within the trend, provided this zone holds.
🧭 Conclusion:
Gold remains in a steady uptrend. As long as support levels hold, a continuation toward $3,500 is likely. RSI may be overbought on higher timeframes, so short-term consolidations are possible, but structurally the setup remains bullish.
Anything to ad? Feel free to tell your thoughts.
-------------------------------------------------------------------------
This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
eurusd 20 short-term market update short it exit 1160🏆 EURUSD Market Update m20 short-term trade
📊 Technical Outlook
🔸Short-term: BEARS 1160
🔸5 waves impulse completed
🔸1090/1240/1140/1350/1270/1410
🔸a/b/c/ correction 1160
🔸short sell and exit at 1160
🔸Price Target Bears: 1160
Key recent developments in EURUSD
📉 The U.S. dollar weakened as investors grew concerned over President Trump's proposed tax and spending bill, which could significantly increase the national debt
📈 The euro reached a one-month high after President Trump delayed the implementation of 50% tariffs on European Union imports, providing a temporary boost to investor confidence
🗣️ European Central Bank President Christine Lagarde suggested that the euro could become a global alternative to the U.S. dollar, contingent on strengthening the EU's financial and security infrastructure
📊 Technical analysis indicates that the EUR/USD pair may edge higher within a range of 1.1360 to 1.1420, though upward momentum is slowing
📉 Soft inflation data from France has increased selling pressure on the euro, as markets anticipate a stronger divergence between the Federal Reserve and the European Central Bank
📉 The EUR/USD pair is under bearish pressure, trading near 1.1350, as the U.S. dollar finds demand ahead of upcoming economic data and ongoing Senate tax debates
XAU/USD) 3 top technical analysis Read The ChaptianSMC trading point update
Technical analysis (XAU/USD) on a 4-hour timeframe, with key elements and potential price scenarios illustrated. Here's a breakdown of the idea behind this analysis:
---
1. Key Levels and Zones
Resistance Zone (~3,320–3,330):
Marked with red arrows indicating multiple rejections.
A crucial supply zone that the price failed to break several times.
Support Zone (~3,280–3,290):
Labeled as “nak support level” (likely means "neckline" support in a possible head-and-shoulders structure or just a key level).
Important for bullish structure continuation.
Lower Target Zone (~3,205):
A demand zone if the support fails.
Labeled as another “target point” indicating a bearish projection.
---
2. Trend Context
The price was in an upward channel (highlighted as "up trend"), which has now been broken.
EMA 200 (~3,251) is acting as a dynamic support.
---
3. Potential Scenarios
Bullish Scenario (Red/Blue Arrows Up):
If the price holds the “nak support level” and breaks back above resistance (~3,320):
A bullish move toward 3,367 and even 3,435 is expected.
The blue arrow shows a projected upside target of ~105 points.
Bearish Scenario (Black Arrow Down):
If the price breaks below the neckline/support and EMA 200:
A drop toward the 3,205 area is anticipated.
Target aligns with previous structure lows and a clean demand zone.
---
4. RSI Indicator (Bottom Panel)
RSI is hovering around neutral (~45–50), offering no strong momentum bias.
Could support either a bounce or a breakdown, depending on upcoming moves.
Mr SMC Trading point
---
Conclusion / Idea Summary
This chart presents a conditional trade setup:
Above 3,320: Long toward 3,367–3,435.
Below 3,280–3,250 (and EMA 200): Short toward 3,205.
The market is currently at a decision point, and traders should wait for confirmation (breakout or breakdown) before entering a trade.
Pales support boost 🚀 analysis follow)
XAU/USD) Bearish trand analysis Read The ChaptianSMC trading point update
Technical analysis for Gold (XAU/USD) on the 4-hour timeframe. Here's a breakdown of the key ideas and strategy behind it:
---
Key Elements of the Chart:
1. Descending Channel Pattern:
Price is moving within a descending channel (downward sloping resistance and support lines).
The red arrows mark previous rejections from the upper boundary of the channel.
2. Supply Zone / Resistance Area:
Highlighted in yellow, the price has entered a supply zone (between 3,412.00 and 3,440.42), historically where selling pressure has emerged.
The analysis suggests sellers may dominate again in this zone.
3. Price Action Projection:
Expected to reject from the supply zone, possibly forming a lower high.
Price is projected to break the short-term upward trendline, then fall sharply.
4. Target Points:
First target: 3,206.96 – likely aligned with a minor support level or Fibonacci retracement.
Second target: 3,085.56 – near the lower boundary of the descending channel.
5. EMA 200 (3,238.55):
Price is currently above the 200 EMA, but the projection anticipates a breakdown below it, confirming further bearish sentiment.
6. RSI Indicator:
RSI is at 67.56, near overbought territory, suggesting limited upside and a possible correction.
---
Trade Idea Summary:
Bias: Bearish
Entry Zone: Between 3,412 – 3,440 (supply zone)
Confirmation: Rejection at the trendline + RSI divergence
Targets:
TP1: 3,206.96
TP2: 3,085.56
Invalidation: Break and hold above 3,440.42 (channel breakout)
Mr SMC Trading point
---
Risk Management Note:
Ensure stop-loss is placed above the resistance zone (e.g., around 3,450) to mitigate false breakouts. Monitor fundamentals like upcoming US economic data, as they can heavily impact gold.
Pales support boost 🚀 analysis follow)
SPY/QQQ Plan Your Trade Update For 5-28 : Calm Before The StormThis update is designed to help you understand why the SPY/QQQ/BCTUSD, as well as GOLD/SILVER and others, should stay rather FLAT today.
Unless there is some major news event (or other event) before the NVDA earnings data, I suspect the markets will stay very muted/flat through the close of trading today.
I hope you are all enjoying my 'Plan Your Trade' videos. Now that I've gotten through most of the family doctor/medical issues, it's back to work for me.
I'm working on a BTCUSD Cycle Pattern system as well as more advanced algos/trade triggers for subscribers.
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Could the price bounce from here?XAU/USD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 3,260.13
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 3,213.54
Why we like it:
There is a pullback support level that aligns with the 61.89% Fibonacci retracement.
Take profit: 3,344.27
Why we like it:
There is as pullback resistance level.
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GOLD ROUTE MAP UPDATEHey Everyone,
Please see the update on our 1H chart route map - playing out exactly as analysed.
We started the week with a bearish gap at 3352 being hit, followed by an EMA5 cross and lock below 3352, which opened up the next level at 3317, also hit perfectly.
Yesterday, we found support above the 3282 retracement level, leading to a solid bounce into 3317. However, there was no EMA5 lock above 3317, and price faced rejection today once again, pushing it back toward 3282.
We are now looking for support to hold above 3282 to give us fresh bounce opportunities and upper Goldturn tests. However, a lock below 3282 will open up lower levels as we move deeper into the retracement range.
We are expecting continued reactions within this retracement range, in line with our plan to buy dips. Our updated levels and weighted levels help us track downward movements and catch bounce setups.
We'll continue to buy dips using our key support levels, targeting 20 to 40 pip moves. As always, each level structure provides consistent bounce zones, offering great opportunities for both entry and exit. If you backtest the levels we’ve shared every week over the past 24 months, you’ll see how effectively they work with or against short to mid term swings and trends.
Remember:
Swing ranges yield bigger bounces than weighted levels — that’s the key difference.
BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGET
3517
BEARISH TARGETS
3352 - DONE
EMA5 CROSS AND LOCK BELOW 3352 WILL OPEN THE FOLLOWING BEARISH TARGET
3317 - DONE
EMA5 CROSS AND LOCK BELOW 3317 WILL OPEN THE FOLLOWING BEARISH TARGET
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3233
EMA5 CROSS AND LOCK BELOW 3233 WILL OPEN THE SWING RANGE
3185
3146
As always, we’ll keep you all updated with real time analysis and management of active setups throughout the week. Thank you for your continued support, your likes, comments, and follows mean a lot!
Mr Gold
GoldViewFX