GOLD - on resistance- Could Bitcoin resume its Gains Over GoldAs you can see, GOLD has come to a point where it has been rejected twice previously.
And on each of the previous occasions, PA ended up back on the lower trend line., taking around 2 years to do so on each occasions
GOLD MOVES SO SLOW - mostly due to its HUGE market cap..... But thats another story
Has the recent rise of Gold come to a line of defeat ?
The Daily chart here shows how PA is stalling at this moment in time
Each push is getting Shorter. PA is tired.
PA is Getting OVERBOUGHT on many time frames. It needs a break
The thing is, Mr Trump will later today introduce the "liberation Tariffs"
The expectation is of FEAR as reprisals and reduced markets could cause issues in the USA , including reversing the Drop in inflation.
If the Tariffs backfire, the $ will Drop..and people will look to safe haves
Traditionally GOLD. Maybe Gold can break through its old nemesis of rejection.
But PA Is TIRED
BITCOIN has been under pressure recently, following posting a new ATH and this has taken a toll on the BTC XAUT trading pair while Gold has risen.
We can see how PA dropped and has in fact, fallen below the lower line of support.
But it needs to be understood is that RSI and MACD are now in very positive positions to make a push higher.
Gold is tired
In the Near Future, we may well see the tables turn in Bitcoins Favour again
But Me Trumps, today, May actually upset that idea.
We just have to wait and see how sentiment is towards Risk assets later today , after the announcement of these Tariffs.
But, in the Longer term, once the dust settles, I do see Bitcoin taking over again and continuing its rise to greatness.....
ENJOY
Time Will tell
Goldshort
XAUUS SHORTStubborn XAUUSD, played with my TP1 a few times, almost hitting it but never really reached and instead it went the other way and touched my SL. However Im still on a strong sell in this. Opening at 3078 and still maintaining my previous TP 3005 because I know that's the direction that it will head to, if this reaches, it will cover 3days loss, and setting my SL on a much further rate. Personally, I dont use SL's but for Tradingview Im opting to put one as a good practice
Day12of100
L:4
W:1
Such a shame that my L days are way more than my W's but still believing in my trade and I know this will pick up. let's see how this new trade rolls. XAUUSD is already in it's all time high, so I believe soon enough my much awaited correction will happen, Il be patient :)
GOLD XAUUSD ShortI m short. Gold can go even to 3100.No matter I sell more
Wall Street goes full bull with tariffs and payrolls looming
Gold surges toward $3,100 amid unrelenting rally
Smart money knows one thing very clearly: a large part of the bad news is already baked into the prices, and there is limited room for further downside. Especially considering the parabolic moves we’ve seen
Never the less we are in overbought zone,A correction coming.That will be good chance to buy Gold again
A Gold'en Newtonian Sell-Off Porjected By MedianlinesSir Isaac Newton stated the Third Law of Motion in his landmark work, Philosophiæ Naturalis Principia Mathematica (commonly called the Principia), which was first published in 1687. This law appears in Book I, in the section titled Axioms, or Laws of Motion.
(Axiom: A self-evident truth)
Newton did explicitly present it as an axiom. In fact, it's Axiom III (or Law III) of his three fundamental laws of motion. Here's how he phrased it in the original Latin and in his own English translation:
"To every action there is always opposed an equal reaction: or the mutual actions of two bodies upon each other are always equal, and directed to contrary parts."
And what does this have to do with Medianlines / pitchforks?
This tool measures exactly that: the action — and the potential reaction!
Medianline traders know that pitchforks project the most probable direction that a market will follow. And that direction is based on the previous action, which triggered a reaction and thus initiated the path the market has taken so far.
…a little reciprocal, isn’t it? ;-)
So how does this fit into the chart?
The white pitchfork shows the most probable direction. It also outlines the extreme zones — the upper and lower median lines — and in the middle, the centerline, the equilibrium.
We see an “undershoot,” meaning a slightly exaggerated sell-off in relation to the lower extreme (the lower median line). And now, as of today, we’re seeing this overreaction mirrored exactly at the upper median line!
Question:
What happened after the lower “overshoot”?
New Question:
What do you think will happen now, after the market has overshot the upper median line?
100% guaranteed?
Nope!
But the probability is extremely high!
And that’s all we have when it comes to “predicting” in trading — probabilities.
Why? Because we can’t see the future, can we?
Gold?
Short!
Looking forward to constructive comments and input from you all
Gold sell signal The daily chart shows that Gold price has almost tested the ascending triangle target, measured at $3,080.If a correction unfolds, the immediate support for Gold buyers is at the $3,050 psychological barrier, below which the March 26 low of $3,012 could be tested.
Gold sell now 3080
Support 3070
Support 3060
Summer is almost over for gold, winter is coming.To me it's a clear 5-way Elliot cycle.
And as I always say, trends usually target the Fibonacci range between 1.618 and 2.618.
I would never push for more, would be an unnecessary risk.
* What i share here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose all your money.
XAUUSD sell signal Relentless tariff jitters, coupled with renewed weakness in the US Dollar, have propelled gold prices back toward record territory—hovering just above $3,050 per troy ounce.
The XAU/USD pair maintains the upward pressure and aims to extend its advance, according to technical readings in the daily chart. The pair develops above all its moving averages, with a bullish 20 Simple Moving Average (SMA) picking up momentum and currently at around $2,968.40. At the same time, technical indicators resumed their advances within positive levels, in line with a higher high ahead.
Gold sell 3051
Support 3045
Tp1 3031
Target 3022
Resistance New hit 3065
GOLD at Key Resistance: Possible Correction AheadOANDA:XAUUSD has reached a critical resistance zone. This zone has previously acted as a barrier for price, leading to strong reversals in the past. This area aligns with a significant supply zone, where the ongoing bullish momentum may face exhaustion, signaling a potential turning point.
If the price shows bearish confirmation, such as rejection candles or a bearish engulfing pattern, I expect a pullback toward the 2733.000 level, which represents a logical target within the current market structure. This scenario reflects the potential for a short-term correction within the broader trend.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Gold’s Bearish Setup – What’s Next for $XAUUSD?Gold ( OANDA:XAUUSD ) fell to $3,003 as I expected in my previous post . Of course, since this is a round number , we can expect good support .
In terms of Classic Technical Analysis , Gold appears to have succeeded in breaking the neckline of the two patterns , the Head and Shoulders Pattern and the Three Falling Peaks Pattern .
Educational Note : The Three Falling Peaks is a bearish reversal pattern that occurs after an uptrend, where the price forms three consecutive lower peaks. Each peak represents a failed attempt to continue the uptrend, signaling weakening bullish momentum. A breakdown below the support confirms the pattern and signals a potential downtrend.
In terms of Elliott Wave theory , it seems that Gold has completed 5 impulsive waves and we should wait for corrective waves .
I expect Gold to attack the $3,000 at least once more after completing the pullback , and the next target could be the Support zone($2,989-$2,976) .
Note: If Gold goes above $3,039, we should expect more pumps.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD sell Gold price is licking its wounds early Tuesday, consolidating the three-day correction while defending the $3,000 mark. Further downside in the Gold price appears elusive as investors remain wary amid mixed news on President Trump’s tariffs.
Gold sell 3023
Support 3009
Support 2999
Stop loss 3038
The short-term technical outlook for the Gold price remains unchanged, with a ‘buy-the-dips’ trading strategy likely to extend following the confirmed breakout from the ascending triangle earlier this month.
GOLD to turnaround?XAUUSD - 24h expiry
Previous support at 3030 now becomes resistance.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Posted a Bearish Inverted Hammer Bottom on the Daily chart.
A higher correction is expected.
The RSI is trending lower.
We look to Sell at 3029.5 (stop at 3050.2)
Our profit targets will be 2970.2 and 2960.2
Resistance: 3020.8 / 3033.3 / 3047.4
Support: 3014.5 / 2999.3 / 2978.4
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Gold (XAU/USD)– Bearish Setup Against the Main Trend (High Risk)hello guys.
In this 4-hour chart, we can see a Head and Shoulders pattern forming, which is typically a bearish reversal signal. The price has broken below the neckline of the pattern, suggesting a potential downside move. Additionally, the price is currently trading inside a descending channel, reinforcing the bearish momentum.
Bearish Scenario
A potential pullback to the upper boundary of the descending channel (around $3,030-$3,035) could serve as a selling opportunity.
The first target for the decline is around $3,000, a psychological level and previous support.
If momentum continues downward, the price could drop further to $2,962-$2,965, which aligns with strong historical support.
in higher timeframe:
The volume has noticeably declined towards the end of this uptrend, signaling a potential loss of bullish momentum. As prices reach new highs, the decreasing volume suggests that buyers are becoming exhausted, which often precedes a correction or reversal. This divergence between price action and volume indicates that the recent upward movement may not be sustainable, increasing the likelihood of a pullback in the near term.
Why This Trade is Super Risky?
Main Trend is Bullish – The overall market structure remains in an uptrend, so this short setup is against the major trend.
Liquidity & Buyer Pressure – The price could find strong buying pressure around $3,000, leading to a false breakdown.
Risk Management is Crucial – If entering a short position, risk should be minimal, with a tight stop-loss above $3,035-$3,040 to prevent excessive losses in case of invalidation.
📌 Conclusion:
This setup offers a potential short trade, but high caution is needed due to the bullish macro trend. Entering with low risk and tight stops is essential to manage exposure. If the price breaks above the descending channel, the bearish idea is invalidated.
(XAU/USD) Forming a Bearish Reversal–Key Short Setup Unfolding!Chart Pattern: Head and Shoulders Formation
The chart shows a potential Head and Shoulders pattern, which is a bearish reversal setup. The head is the highest peak, while the two shoulders form lower highs on both sides. The price has already broken below the neckline, indicating a sell opportunity.
Key Levels:
Resistance Levels:
$3,055.29 – Major resistance
$3,046.10 – Key level near recent highs
$3,030.58 – Short-term resistance where price is currently retesting
Support Levels (Potential Targets):
$2,981.18 – First support level
$2,939.81 - $2,931.99 – Strong demand zone
$2,881.49 – Major support level
Trade Setup:
Entry:
The price has broken below the neckline and is currently retesting the breakdown zone (~$3,030.58).
If the retest holds, it confirms a sell entry opportunity.
Target:
First target near $2,981.18
Second target around $2,939.81 - $2,931.99
Final target at $2,881.49 for a deeper correction
Stop-Loss:
A stop-loss above $3,046.10 to minimize risk
Market Sentiment:
The break below the neckline and a possible rejection at the retest area suggest further downside potential.
If buyers push the price above $3,046.10, the bearish outlook would be invalidated.
This setup presents a high-probability short trade if confirmation follows through after the retest. Traders should monitor price action around the retest zone before entering a position. 🚨📉
"Gold Price Analysis: Key Support & Resistance Levels ### **Gold Price Analysis Chart (XAU/USD - 4H Timeframe)**
This chart illustrates the price action of Gold (XAU/USD) against the U.S. Dollar on a 4-hour timeframe. Key technical levels are marked, indicating potential market movements:
1. **Short-Term Resistance** – This level represents a price ceiling where the market has faced selling pressure, potentially leading to a rejection or breakout.
2. **Short-Term Support** – This area acts as a temporary floor, where buyers have previously stepped in to push prices higher.
3. **Support Zone** – A significant support area that could serve as a stronger buying zone if the price drops further.
### **Potential Scenarios:**
🔹 **Bullish Case:** If the price rebounds from the short-term support and breaks the short-term resistance, it could signal a move toward higher levels, possibly exceeding $3,100.
🔹 **Bearish Case:** A break below the short-term support could lead to a decline toward the stronger support zone around $2,940-$2,950 before a potential rebound.
GOLD TRADE IDEA : SHORT (W.B. 24/03/2025)Gold ended on a high, seeking to return low. It changed character breaking the most recent low, signalling to me that it will seek to go low once it collects enough liquidity to expand again. What I drew up on the chart is essentially what will happen but it will be a hypothetical, I’d suggest that you refine if you are seeking to take this trade But theory still stands.
N.B.: This is not financial advice. Trade safely and with caution.