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GOLD (XAUUSD): Support & Resistance Analysis For Next Week Here is my latest structure analysis and important supports & resistances for Gold for next week. Support 1: 3120 - 3167 area Support 2: 2957 - 2982 area Resistance 1: 3193 - 3238 area Resistance 2: 3427 - 3425 area Resistance 3: 3483 - 3501 area Consider these structures for pullback/breakout trading. ❤️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.
TRADENATION:XAUUSDLong
by VasilyTrader
1
Gold Continues Ultra-Bearish —SHORT\Sell Easy Win, Easy ProfitsWith a lower high confirmed and a classic ABC correction developing, the situation for Gold (XAUUSD) is dismal. The bearish bias is confirmed. Recently a bounce happened at the 0.382 Fib. retracement level. This is normal and standard but not bullish. The bounce happens because this is a strong support zone, but as soon as the bounce is over the resumption of the bearish move will happen. What is more relevant here is the lower high and the very strong rejection after the big green session here marked as (B). The strong green candle produced the highest close ever, the second highest price after the All-Time High. The ATH happened on a wick. In both instances, the market followed up with strong bearish action; that's the signal. The signal is bearish because each time Gold reached high enough, the bears counteracted with massive selling. Notice the two big red sessions, the last two before the current one. It is pointing lower. The decreasing volume is an additional and supporting signal for the bearish perspective. This is not a short-term drop, it is a major correction developing. SHORT/sell. Easy win, easy profits. Namaste.
OANDA:XAUUSDShort
by MasterAnanda
2
Critical Reversal or Breakdown? | XAU/USD at Make-or-Break Zone📉 Chart Overview: Instrument: XAU/USD (assumed from chart context) Timeframe: 4H or Daily (based on candlestick size) Indicators Used: 📏 EMA 50 (Red): 3,247.86 📏 EMA 200 (Blue): 3,221.42 🔍 RSI (14): Currently at 45.90 (below midline, showing weak momentum) 🔎 Key Zones: 🧱 Support Zone: ~3,180 – 3,220 Price is currently sitting on this key demand zone. Price previously bounced here sharply ➡️ indicating buyer interest. 📦 Resistance Block: ~3,260 – 3,280 Short-term resistance, price has been repeatedly rejected from here. 🎯 Target Zone: ~3,420 – 3,460 If price breaks out from the support-resistance squeeze, this is the potential bullish target 🎯. 🧭 EMA Analysis: EMA 50 is still above EMA 200 ➡️ Golden Cross formation (medium-term bullish bias) ✅ However, price is currently below both EMAs, signaling short-term weakness ❌ 📉 Bearish Scenario (📍Blue Arrow Down): If price breaks below the support zone at ~3,180, we could see a sharp drop toward the next support at ~3,032 🔻. RSI is trending down near 40, close to oversold territory ⚠️ 🚀 Bullish Scenario (📈 Blue Arrow Up): A successful retest and bounce from this support area (currently forming a rounded bottom 🥄) could lead to a bullish move toward the target zone. This is further supported by the potential RSI bounce from the 40 area, signaling renewed momentum 🔋. ✅ Bias & Conclusion: Neutral-to-Bullish Bias 🤝: As long as the price holds above the major support zone (~3,180), buyers have a chance to reclaim higher levels. Look for confirmation breakout above the local resistance (~3,260) for a move toward 3,400+ 🚀. A breakdown below support would invalidate the bullish thesis and target 3,030 instead 📉. 🛠️ Trading Plan (not financial advice!): Long Entry: On bullish breakout & retest of ~3,260 ✅ Stop-Loss: Below ~3,180 ⚠️ Target: ~3,420 – 3,460 🎯
OANDA:XAUUSD
by MrStellanSight
13
GOLD (XAU/USD) Bearish Play Setting UpHello guys! Gold is currently respecting a bearish descending channel, forming clean lower highs and lows. After tapping into the supply zone around 3,285–3,295, the price is showing signs of exhaustion. Now, a potential rejection from this zone could trigger another leg down targeting the demand zone around 3,060–3,080. 🧠 What I see: 🔹 Bearish channel = trending lower 🔹 Clean retest of supply block 🔹 Price respecting midline resistance 🔹 Momentum favors sellers 🎯 Bearish Trade Idea (Not financial advice): Entry zone: 3,240–3,260 (on confirmation candle) TP1: 3,110 TP2: 3,072 (demand zone) 📐 Risk/Reward: 1:2+ potential 💡 Watch for confirmation candlesticks near the supply zone for safer entries.
OANDA:XAUUSDShort
by melikatrader94
9
Gold’s Make-or-Break Level: $3167 Is the Key to the Next MoveGold Spot is sitting at a critical inflection point — and if you’ve been watching the charts, you know exactly where the pressure is building: the $3167 zone. This level has acted as a mid-term support floor, cushioning gold’s recent corrections and providing bulls with a lifeline. But that cushion is now getting thinner, and if price action breaks below this area decisively, the implications could be sharply bearish. 👀Why $3167 Matters👀 Take a look at the recent structure. Every bounce, every bullish attempt in the past week, has leaned on $3167. It's not just some random line — it’s where buyers have consistently stepped in to defend. But now? The bounces are getting weaker. Volume’s fading. And price is consolidating right above support — never a good sign. If gold breaks $3167 and closes below it, expect an acceleration to the downside. Momentum traders will likely pile in, and we could see a quick slide into the $3075–3052 zone, where the next real demand sits. ✨What I’m Watching✨ A clean hourly candle close below $3167 — ideally with follow-through volume. Any retest of $3167 after a breakdown could offer a textbook entry for shorts. 🎁The Bearish Scenario If the break happens, I’ll be targeting $3052 for the first bounce. That’s where previous accumulation kicked in — and it lines up with a cluster of reaction lows from late April. It’s also a psychological round number and a potential spot for intraday reversal plays.
OANDA:XAUUSD
by melikatrader94
9
Silver Long-Term Outlook: Wyckoff, Fibonacci & Volunacci in PlayOn the monthly chart, Silver is showing a strong setup for long-term investors. We can clearly identify two adjacent Wyckoff accumulation patterns, signaling institutional accumulation phases. Price action is following an ascending Fibonacci channel, reflecting a steady bullish structure. After breaking out of the second Wyckoff pattern, a Volunacci projection has formed—pointing toward a potential move to retest its historical high near $48. This alignment of classic technical patterns with volume-based projection tools strengthens the long-term bullish case for Silver.
FXOPEN:XAGUSDLong
by helsamra
GOLD → The fight for 3,200 continuesFX:XAUUSD has recovered after a bearish distribution. The price has returned to the range but continues to test the fundamental threshold of 3200. The fundamental background has been gradually improving recently, which is putting pressure on the gold market, increasing the profit-taking ratio and the level of sales. After the resolution of the tariff war, all attention has shifted to the negotiations between Russia and Ukraine, and de-escalation could also reduce economic risks. As well as the escalation of the conflict in the Middle East... Technically, the price is returning to the range after a deep false breakout but is facing strong resistance and pressure from sellers. Further developments depend on the 3200 level, which is of fundamental importance. Resistance levels: 3225, 3236, 3257 Support levels: 3204 - 3200, 3194 The battle for the 3200 area continues, with bulls likely to try to keep the price above 3200, in which case the market may test the 0.5-0.7 Fibonacci zone. However, given the recent improvement in fundamentals, the price may return from these zones of interest to 3200 with the aim of continuing the assault to break through and continue the downtrend. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
12
EUR/AUD: Rebound or Continuation of the Drop?EUR/AUD is in a critical situation after a strong bearish trend that pushed the price into a key support area. Analyzing the daily chart, we can observe that the price is testing a strong demand zone, highlighted in blue, from which a potential rebound towards the upper supply zone (in red) could emerge. The retail sentiment confirms strong short pressure, with 82% of traders positioned on the downside. This excess pessimism suggests, from a contrarian perspective, a possible rebound. Additionally, the oscillator indicates an oversold condition, reinforcing the hypothesis of a correction. From an institutional point of view, the COT data shows a slight reduction in long positions for both EUR and AUD, but with one detail: speculators remain predominantly long on EUR and short on AUD. Meanwhile, hedgers continue to protect themselves against a possible decline in the euro, demonstrating caution. In terms of seasonality, May has historically been a weak month for both currencies, but in the last two years, EUR has shown a slight recovery, while AUD has demonstrated signs of stability. Trading Strategy: Monitor the reaction to the support zone carefully. A bullish signal in this area could pave the way for a rebound towards the upper resistance. However, a bearish breakout would confirm the ongoing downward trend.
Long
by EdgeTradingJourney
3
Analysis of the latest gold trend on May 16: 1. Core driving factors of fundamentals Weak US economic data strengthens expectations of interest rate cuts PPI and retail sales data fell beyond expectations: US PPI fell 0.5% month-on-month in April (expected +0.2%), retail sales growth dropped sharply from 1.7% in March to 0.1%, and manufacturing output fell 0.4%, indicating that the pressure of economic slowdown has intensified. This data directly led to a sharp drop in US Treasury yields (10-year yields fell 11 basis points to 4.435%), and market expectations for the Fed's interest rate cuts increased (the probability of a rate cut in September is expected to rise to 75.4%). Weak US dollar: The US dollar index fell 0.2% to 100.82, and the real interest rate (TIPS yield) fell below 1.8%, providing pricing support for gold. Geopolitical risks escalate Russia-Ukraine peace talks are deadlocked: Putin refused to attend the Turkey talks and only sent a low-level delegation. Ukrainian President Zelensky called this move "disrespectful". Market expectations for the progress of the peace agreement have cooled significantly, and safe-haven demand has surged. Uncertainty in the Middle East: There are still differences in the Iran nuclear agreement negotiations. Although Trump said it was "close to being reached", internal news in Iran showed that key issues have not been resolved and the risk of geopolitical conflict continues. Trade situation and long-term support factors The pressure of easing tariffs between China and the United States has been exhausted: Although the China-US tariff agreement has eased trade frictions in the short term, the market's focus has shifted to economic data and subsequent policy impacts. In the long run, global central banks continue to buy gold (more than 1,000 tons of gold in 2024), stagflation risks (high inflation and low growth coexist) and weakening US dollar credit still support gold. 2. Key technical points Support level: Short-term: US$3205-3210 (psychological barrier and 4-hour Bollinger band middle track). Medium term: $3160 (trend line support and 60-day moving average). Resistance level: Above: $3260-3270 (high pressure zone 4 hours ago). Long-term target: $3330-3350 (gap filling and historical high range). Technical signal: Daily MACD bottom divergence, RSI rebounded from the oversold area, indicating strong short-term rebound momentum. If it breaks through the $3260 resistance, it may start a new round of rise; if it falls below $3200, it may fall back to the $3160 support. 3. Optimal trading strategy Short-term operation (intraday to intraweek) Long opportunity: Entry conditions: Gold price pulls back to the $3205-3210 range to stabilize, or the US dollar index does not break through the 100.50 resistance. Target: $3260-3280, stop loss set below 3180. Short opportunities: Entry conditions: Gold price rebounds to 3260-3280 range and encounters resistance, or the US dollar index stabilizes at 101. Target: 3220-3200 US dollars, stop loss set above 3290. Medium-term strategy (monthly level) Bullish logic: Central bank gold demand, stagflation risk and normalization of geopolitical conflicts support long-term upward trend. Entry time: If gold price falls back to 3160-3180 area without breaking, long positions can be opened in batches, stop loss 3130, target 3330-3350 US dollars. Risk control points Strict stop loss: short-term stop loss does not exceed 2% of the total position, medium-term stop loss does not exceed 5%. Event avoidance: Pay attention to today's Michigan Consumer Confidence Index and import price data in the United States, and reduce positions before the data is released. IV. Summary and risk warning Core contradiction: Short-term economic data and geopolitical risks dominate fluctuations, and medium- and long-term structural benefits remain unchanged. Potential risks: Policy changes: If the Fed releases hawkish signals or Russia-Ukraine negotiations make unexpected progress, it may trigger a sharp correction. Technical overbought repair: Gold has risen too much in the short term, so we need to be wary of profit-taking pressure. Operation principles: light positions, strict stop losses, and give priority to the breakthrough direction of the 3200-3260 US dollar range, and follow the trend.
FOREXCOM:XAUUSD
by Golden_Line_FX
GOLD DAILY CHART ROUTE MAP UPDATEHey Everyone, This daily chart idea played out exactly as analysed. The channel top provided strong resistance, with EMA5 failing to cross and lock outside the channel confirming the rejection. Price then moved down to the channel half line, which, as we anticipated, held firmly as support and delivered the expected bounce. This move aligned perfectly with our plan to buy dips, demonstrating once again the precision of the Goldturn channel methodology. This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
Silver Finds Its Footing—Are the Bulls Back? (Elliott Waves)Silver rebounded quite aggressively in April, following Trump’s decision to impose a 90-day tariff pause. At the time, there was still a lot of uncertainty, so many investors turned to metals as a safe haven—particularly during periods of trade tensions. More importantly, we can see silver forming five waves up from the 28.34 low. In Elliott Wave terms, when we see a strong directional move that can be counted in five waves, it often represents the beginning of a new trend. That means the current pause is likely just a correction, and more upside should follow. The 31.00–31.50 area is a very interesting support zone for silver—an area from which we could see a rebound, possibly after a completed A-B-C setback from the 33.70 region.
OANDA:XAGUSDLong
by ew-forecast
SILVER: Target Is Down! Short! My dear friends, Today we will analyse SILVER together☺️ The market is at an inflection zone and price has now reached an area around 32.131 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 31.954.Stop-loss is recommended beyond the inflection zone. ❤️Sending you lots of Love and Hugs❤️
FOREXCOM:XAGUSDShort
by FreeXauusdSignals
1
PATIENCE PAYS 〉BEARS TRAPPED - HODL TO $4,000As illustrated, Im trying to visualize the beginning of the next impulse toward $4,000 This is an intraday - swing trade opportunity to 1H highs; however, it would be just the first move toward a longer term path to ATH above $3,500 Ride this wave as you can, but know that the yellow metal still has a lot of strength and power to continue growing. June might still behave strangely as it is a consolidation month on average 5-10-15 years; however, It wouldn't surprise me if market structure holds important support prices instead of ranging back below $3,200 - $3,150 ; in other words, that range might be strong longterm support. -- GOOD LUCK! SECURE PROFITS. persaxu
OANDA:XAUUSDLong
by PersaGold
1
SPY/QQQ Plan Your Trade For 5-16 : Gap Potential PatternToday's pattern suggests the SPY will attempt to GAP at the open. The current price structure suggests the SPY/QQQ are in an upward FLAGGING formation related to a broad Excess Phase Peak pattern. I believe this upward trend will continue until price attempts to break either the upper previous Ultimate High pattern or break the lower channel of the current FLAGGING formation. The wonderful thing about these Excess Phase Peak patterns, and other techniques I'm trying to teach you, is that they provide very clear triggers/directions/opportunities for traders who understand these patterns. Today, I highlight my SPY Bias (Primary & Secondary) trending system that shows the SPY is much weaker than many people believe. Because of this, I believe we are potentially nearing an Exhaustion Peak in the SPY/QQQ - time will tell. The use of my extended Biasing systems and Custom Index charts helps me understand what is taking place behind the SPY/QQQ price action. It's like peaking behind the curtains in terms of what my Custom Indexes and other specialized data can provide. I can see what is really taking place related to price action - moving beyond the simple SPY/QQQ charts. Gold and Silver appear to be setting up an Inverted Excess Phase Peak pattern off a potential Ultimate Low in price. It will be interesting to see how this downward price flag plays out over the next week+. If this pattern holds, we should see the FLAG end and price should rally up into the consolidation phase. Very exciting for metals. Bitcoin, which tends to lead the SPY/QQQ, is stalling near a peak. Keep your eyes on BTCUSD over the weekend as I believe we may be able to identify how the SPY/QQQ will react on Monday by watching what BTCUSD does. Thanks for being patient and understanding my schedule over the past 30+ days. I've had multiple family member visit the hospital over the past 5-6+ weeks and my world has been filled with doctors, hospitals, follow-ups, work, and trying to keep everyone healthy and away from trouble. It appears these issues are starting to get more settled - which means I'll be able to stay more focused on work - instead of driving around everywhere and waiting for appointments. 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
AMEX:SPYLong
by BradMatheny
1
Gold can correct to support line of channel and then start growHello traders, I want share with you my opinion about Gold. In this chart, we can see how the price, after forming a triangle structure and breaking out to the upside, Gold entered a downward channel, where it has been consistently respecting both the resistance and support lines. Each bounce from the lower boundary of this channel signals local buyer interest, especially near the support level around 3060, which also overlaps with the buyer zone. Recently, the price rebounded from this support line, indicating a potential start of a bullish correction inside the channel. This move is consistent with past price behavior, strong impulses from the bottom boundary followed by gradual movement toward the upper resistance line. Given the structure and the ongoing bounce, I expect Gold can correct the support line of the channel, after which it turns around and starts to grow to the 3290 resistance level, which aligns with the upper boundary of the pattern and the beginning of the seller zone. That’s why my TP 1 is set at 3290 points - a reasonable technical target within the current channel formation. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by LegionQ8
1
Long orders are trapped,what should we do with the US gold marke🗞News side: 1. India considers using new Indus River project to cut water supply to Pakistan. 2. Pay attention to the news of Russia-Ukraine ceasefire negotiations today 📈Technical aspects: Gold once fell to around 3170, which is in line with our judgment of bullish weakness. This is why we are not in a hurry to participate in long orders today. I know that many bros also listened to the outside world and went long around 3200, which led to being trapped. At present, the gold price is constantly testing the 3170 support line. If it falls below, it will look to the 3150 support line. If it does not break, it will be treated as a shock. On the top, temporarily pay attention to the 3205-3215 line of resistance. If it encounters resistance and pressure, go short. On the bottom, first pay attention to the 3170 support line, and then pay attention to the 3150-3140 support line. Hold if it breaks. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
Will the Market Continue to Sink or Rebound?Gold Price Volatility: Will the Market Continue to Sink or Rebound? 💥 Market Outlook: Today’s market is seeing unpredictable movements, with gold making significant drops and then rebounding sharply in the last two days. Are the recent news developments aligning with the price action, or is it just a major coincidence? 🔍 Technical Analysis: Looking at the D1 and H4 charts, you can clearly see the breakdown, but gold quickly bounced back to the 325x area and reacted. The 3254–3256 zone is a key level that holds strong for sellers on both daily and H4 candles. If gold continues to hold below this level, the bearish trend remains strong, and another sharp drop could happen before the weekend. If the 3254–3256 level is broken, the price may push toward the 327x, possibly even the 328x levels. However, this will be dependent on whether this critical support is maintained. Trend Continuation or Reversal? From a technical perspective, gold is still in a downtrend, and the current bounce is likely just a retracement before continuing lower. However, in terms of macro news, the USD is continuously dealing with bad inflation data, affecting the recovery of DXY (USD). The market is very sensitive to trap candles, and there may be false breakouts, so proceed cautiously. There are also some news reports indicating that the US and China have reached a minor détente, but tensions remain around trade restrictions, imports, exports, and the use of rare earth minerals. Things are unpredictable with these two powers. Today, there are updates on tariffs, so keep an eye out! 📊 Key Resistance Levels: 3237 3251 3261 3276 3287 📉 Key Support Levels: 3205 3188 3170 3143 🎯 Trading Plan: 🔵 BUY SCALP: Entry: 3172 – 3170 SL: 3166 TP: 3176 → 3180 → 3184 → 3188 → 3192 → 3196 → 3200 🔵 BUY ZONE: Entry: 3142 – 3140 SL: 3136 TP: 3146 → 3150 → 3154 → 3158 → 3162 → 3170 → 3180 → 3190 🔴 SELL SCALP: Entry: 3160 – 3162 SL: 3166 TP: 3156 → 3152 → 3148 → 3144 → 3140 → 3130 → 3120 🔴 SELL ZONE: Entry: 3276 – 3278 SL: 3282 TP: 3272 → 3268 → 3264 → 3260 → 3255 → 3250 → 3240 ⚠️ Risk Management: With strong volatility today, manage your risk carefully. It’s essential to adhere to your TP/SL to protect your account. Stay cautious, as there is a lot of unpredictability in the market with the upcoming news. Conclusion: Given the unpredictability of the market and geopolitical tensions, it’s wise to trade with caution today. Watch the critical support and resistance levels closely and stay flexible, adapting your strategy based on how the market evolves. 📣 Stay tuned for more updates and trade smart!
OANDA:XAUUSDShort
by MMFlowTrading
3