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Harmonic Patterns

Silver Technical Outlook: Consolidation Below ResistanceSILVER - 4H Timeframe Update Price is nearing the apex of a symmetrical triangle formation. Momentum is gradually building with higher lows supporting the structure. As per news: Silver slipped slightly by 0.5% to $33.37/oz, following gold's rebound after a sharp drop. Despite global trade tensions and weaker dollar aiding gold recovery, silver underperformed, showing signs of consolidation. Broader precious metals market remains cautious as investors weigh global growth concerns and U.S.-China tariff risks. Breakout above 98000 may trigger fresh bullish momentum toward Targets: 99400 – 101000 Rejection or breakdown from trendline support may invite pullback toward Support: 96400 – 95500 📊 EMA55 (95,479) acting as dynamic support. 🕒 Wait for volume confirmation near breakout zone.
MCX:SILVER1!
by Shalvisharma5
2
How to break through the heavy pressure from above?From the analysis of the 4-hour line, today's support is around 3300-3310. If it falls back during the day, you can buy more once before rebounding. The upper short-term resistance is around 3340-3356, and the focus is on the suppression of 3380-90. The overall support is to maintain a wide range of long and short fluctuations in this range. In the middle position, watch more and move less, and follow orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: Gold rebounds at 3340 and goes short, rebounds at 3360 and covers short positions, stops at 3367, targets 3300-3310, and continues to hold if the position is broken;
OANDA:XAUUSDShort
by MariaLee66
1
How to break through the pressure from above?From the analysis of the four-hour line, today's support is around 3300-3310. If it falls back during the day, you can buy more once before rebounding. The upper short-term resistance is around 3340-3356, and the focus is on the suppression of 3380-90. The overall range of long and short positions is maintained in this range. In the middle position, watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: short gold rebounds at 3340, and short gold rebounds at 3360, stop loss 3367, target 3300-3310, and continue to hold if it breaks;
FXOPEN:XAUUSDShort
by MonroeRosa
XAU/USD Gold Trade Plan 24/4/2025XAUUSD (Gold) Trading Outlook: Buy Entry: $3,325 Key Support Zones: $3,260 and $3,200 Market Scenarios: Bullish Scenario: If XAUUSD sustains above the $3,260–$3,200 support zone, the bullish structure remains intact. A rebound from this zone may offer a buying opportunity with an upside target of $3,500. Bearish Scenario: If the price breaks below the $3,200 support level and falls through the channel, it may signal a bearish trend continuation, suggesting potential downside movement.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
5
Volume Gap at 3300-3290Currently market plays Accumulation zone between 3326-3335 area. What we have If we got closing above 3335-3337 then market will again carry the Rising wedge channel upto 3380. On the other hand, once candle closes below 3326-3320 we'll see the the area which we called (volume imbalance or opening gap) will be covered. Additionally: I'm holding the sell trade and expecting the drop first then long . Although above 3335-3338 closing I will shift my trades. Today's we have alot high impact news coming, technical sentiments will effect.
OANDA:XAUUSDShort
by Forexmaestro121
Is gold about to peak? Is the bull market still there?In fact, it is normal for a strong bull market to have a rapid washout. The logic of the bull market is not Trump's call to Powell. Trump's tricky operation is only a plus for the rise of gold, not a must. The logic of the rise of gold is that the repayment ability of US debt is questioned and the hegemony of the US dollar is challenged. The fact of the long-term fiscal deficit of the United States and the visible growth of US debt are the real driving forces. As the International Labor Day is approaching, the bulls in the Asian market often choose to leave or reduce their positions in order to reduce warehouse interest and realize profits, which will cause a phased downward adjustment. In other words, from the perspective of the future, the underlying logic of the bull market has not changed. Holders of physical gold do not need to worry too much. They are optimistic about the strong bull market of gold in the future. The decline is often an opportunity to get on the train again. In the past, they waited for adjustments, and after adjustments, they were afraid that the bull would be gone, which made them worried about gains and losses. Technical analysis: The current gold price is in a stalemate stage of long-short game. On the one hand, the path of the Fed's easing policy has been basically clear, and the US dollar is facing correction pressure; on the other hand, the stable global risk sentiment and the strong performance of the stock market have weakened the attractiveness of gold as a safe-haven tool. The repeated signals of global trade negotiations have also made the market direction unclear. From a technical point of view, gold has received support after the correction to the 26.3% Fibonacci retracement level near 3317 this week, and has returned to above $3,300 in the short term. The upper resistance focuses on the position of 3360. Once it breaks through, it will open up the space leading to the 3400 mark. Quide Strategy Analysis: After the early Asian market rose, it fell back and fell below the support levels of 3351 and 3330 analysis. Now the market rebounded near 3325, which is also in line with the trend of pulling back and forth. In the big trend, the gold rally did not exceed 3380, so there is still downward demand, that is to say, it can only be regarded as a rebound on the way down. In the short term, this wave of gains stopped at 3367. Now it broke through 3351 and pierced 3316 to rebound. The main focus on the upper side is the support-to-resistance level of 3350. With 3350 as the protection, go short to see the gold price break through 3314. If it breaks down effectively, it can move down to see the turning point of the rebound between 3283 and 3260. On the whole, in terms of the short-term operation strategy of gold, Quide recommends rebound shorting as the main strategy and callback longing as the auxiliary strategy. The upper short-term focus is on the 3360-3370 line of resistance, and the lower short-term focus is on the 3310-3300 line of support. Market trading signals are fleeting. Market trading signals are fleeting, and Quaid hopes that traders will seize every trading opportunity and become ace traders in the gold market.
OANDA:XAUUSD
by Quaid-1
GOLD Trade Plan 24/04/2024Dear Traders. Price opened with + GAP , and i have 2 Scenario`s for Reversal , 1- Reversal From 3290-3305 to Target 3400 2- Reversal From 3220-3240 To Target 3400 This recent drop suggests that we are likely in wave 4, and I expect another upward wave to follow. We need to wait and analyze the daily and weekly candles more closely. If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza
OANDA:XAUUSDLong
by alirezak