Metals
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Both the buying targets of $3,274 & $3,318 which I gave how now been smashed✅
Gold pushed a little higher than expected, but is dropping back down now. Will keep an eye on market structure, just in case Wave 4 corrective structure becomes invalidated by bulls.
The latest technical analysis strategy for gold on May 22:
1. Current market dynamics
Price trend: Gold broke through the key psychological level of $3,300, and bulls dominated in the short term, but we need to pay attention to the strong resistance test of $3,370.
Key support/resistance:
Support level: 3295-3285 (short-term), 3273 (bullish strength and weakness boundary), 3253-3150 (medium-term strong support).
Resistance level: 3330-3340 (short-term), 3370 (see 3400 after breaking through).
2. Technical indicator analysis
(1) 4-hour chart - bulls dominate, but be wary of short-term corrections
Bollinger Bands: Opening upward, prices are running near the upper track, overbought in the short term, and may fall back to the middle track (near 3270).
Moving average system: MA5/MA10 golden cross, bullish arrangement, supporting price upward.
MACD: Golden cross and energy column is strengthened, but if there is a top divergence, it may trigger a pullback.
(2) Hourly chart - Pay attention to the rising trend line support
The rising trend line (3120-3155-3206 connection) is currently at 3270-3280. If it does not break after a retracement, it is still a long opportunity.
Weakened momentum: Compared with yesterday's unilateral rise, the current trend shows "one rise and three returns", and we need to be vigilant about short-term adjustments.
3. Today's trading strategy
✅ Main strategy: Buy low and go long (key support level layout)
Ideal long area: 3285-3273 (retracement trend line + previous top and bottom conversion support).
Stop loss: below 3250 (if it falls below, the trend may weaken).
Target: 3325→3347→3370 (look at 3400 after breaking through).
⚠️ Secondary strategy: short selling (only for testing positions at key resistance levels)
Short selling conditions: the price quickly rises to 3330-3340 and there are stagflation signals (such as long upper shadows, MACD top divergence).
Stop loss: above 3350.
Target: 3300-3285 (quick in and quick out).
4. Key risk reminder
Upward risk: If geopolitical conflicts escalate or expectations of a Fed rate cut increase, it may directly impact 3370-3400.
Downward risk: If it falls below 3250, it may trigger a deeper correction, and you need to be alert to trend reversals.
Summary
Short-term traders: Pay attention to the 3285-3273 support and go long, stop loss 3250, target 3325-3347.
Band traders: If it breaks through 3370, you can increase your position and look to 3400; if it falls below 3250, you need to re-evaluate the trend.
Operate with caution: Avoid blindly chasing long positions at 3330-3340, and wait for confirmation of a pullback or breakthrough.
Trade Idea : XAUUSD LONG (BUY LIMIT)✅ Trade Bias: Long (Buy)
⸻
🔍 Technical Analysis Summary
📈 Daily Chart
• Trend: Strong uptrend with recent consolidation after an extended move higher.
• MACD: Bullish momentum cooling but still positive — histogram declining slightly.
• RSI: Neutral zone at 55.90, indicating room to the upside before overbought levels.
⏱ 15-Minute Chart
• Trend: Pullback followed by a strong bullish continuation. Price is making higher highs and higher lows.
• MACD: Strong bullish crossover; histogram expanding upward.
• RSI: 62.34 — not yet overbought, signaling continuation potential.
⏱ 3-Minute Chart
• Price Action: Bullish structure holding above short-term moving average.
• MACD: Bullish crossover in early stages with histogram turning positive.
• RSI: 66.22 — nearing overbought but not signaling immediate reversal.
⸻
🌐 Fundamental Context
• Gold is supported by:
• Persisting inflation concerns.
• Geopolitical risk premium.
• Expectations of rate cuts by the Fed in the coming quarters.
There are no immediate bearish catalysts. The macro backdrop favors gold strength, especially as the USD shows some weakness.
⸻
🎯 Trade Setup: Long XAU/USD
• Entry (Buy): 3320.00
• Slight pullback toward previous resistance-turned-support and short-term MA confluence.
• Stop Loss (SL): 3295.00
• Below recent intraday swing low and support zone; protects against false breakout.
• Take Profit (TP): 3370.00
• Previous high extension zone, aligning with momentum continuation projection.
FUSIONMARKETS:XAUUSD
Analysis of the latest gold trend on May 23:
1. Current market environment
Fundamental support factors:
Expectations of a rate cut by the Federal Reserve (the market is still betting on a rate cut this year, which is good for gold).
Weak US dollar (limited rebound in the US dollar index, downward pressure on gold is controllable).
Geopolitical risks (uncertainty in the Middle East, safe-haven demand supports gold prices).
Fiscal deficit concerns (US debt problems are long-term positive for gold).
Potential bearish risks:
Strong US economic data (if employment and inflation data exceed expectations, it may weaken expectations of rate cuts).
Easing of geopolitical situation (if the conflict cools down, risk aversion will fall).
2. Key technical analysis
(1) 4-hour chart
Key support: 3280 (50% Fibonacci retracement level), 3275 (trend support).
Key resistance: 3320 (618 retracement level + mid-track pressure), 3345 (previous high).
Trend judgment:
If the closing price on Thursday stabilizes at 3280, it is still expected to bottom out and rebound, with a target of 3320→3350.
If it falls below 3275 on Thursday, it may further pull back to 3250.
(2) 1-hour chart
Short-term support: 3280 (66-day moving average), 3275 (key long defense position).
Short-term resistance: 3320 (middle track breakthrough point), 3345 (previous high).
Short-term strategy:
Long on pullback (3280-3275 area), stop loss 3265, target 3320→3350.
Short-term short on rebound (first touch 3350-3360 without breaking), stop loss 3370, target 3320-3310.
3. Today's operation suggestions
(1) Main strategy: Long on pullback
Entry point: 3280-3275 (strong support area).
Stop loss: 3265 (to prevent false breakout).
Target: 3320 (after a breakout, look at 3350-3360).
(2) Secondary strategy: short-selling on rebound (auxiliary)
Entry point: 3350-3360 (previous high pressure zone).
Stop loss: above 3370.
Target: 3320-3310 (quick in and quick out).
4. Key observation points
If it stands at 3320: a new round of rise may begin, with a target of 3350→3360.
If it falls below 3275: be alert to further correction to 3250, and adjust the strategy.
Influence of US market data: pay attention to the trend of the US dollar and sudden news (such as geopolitical situation).
Summary
Short-term trend: more volatility, 3280 is the key support, and bullish if it holds.
Trading strategy: mainly low-long (near 3280), supplemented by high-short (above 3350).
Risk control: strictly stop loss to prevent sudden market reversals.
Bullish bounce for the Gold?The price 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 lines up with the 61.8% Fibonacci retracement.
Take profit: 3,344.27
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Xauusd Parallel Channel AheadTrend: The asset is in a clear short-term uptrend, staying within a rising channel.
Support Zone: Price is currently testing the lower channel support, a common place for bullish reversals if the channel remains intact.
Resistance Zone: There is a horizontal resistance area marked in gray around the $3,340–$3,360 range, which aligns with prior price reactions.
Potential Setup: If the price respects the trendline, a long position with a target near the upper channel line (around $3,370–$3,400) could be considered. A stop loss might be placed just below the channel to manage risk.
The gold trend takes a sharp turn, is a bear market coming?🗞News side:
1. PMI and initial jobless claims data
2. Geopolitical situation
3. Progress of the G7 meeting
📈Technical aspects:
During the Asian session, gold prices approached a two-week high. However, as the market digests the previous positive news and European and American economic data are about to be released intensively, gold's short-term trend faces uncertainty. The key data that everyone needs to pay attention to today include the May PMI data and the number of initial jobless claims in the United States. At the same time, the international trade situation, geopolitical dynamics, the progress of the G7 meeting and the speeches of Federal Reserve officials may have an impact on the market, so it is recommended that everyone keep a close eye on the impact of the news. Judging from the 4H market trend, the US market is paying attention to the short-term support around 3280-3275. Once it stabilizes above 3280, you can arrange to go long. On the contrary, once it falls below 3280-3275, it is possible to fall to the important support area of 3260-3250.
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
Hanzo / Gold 15m Path ( Confirmed Breakout Zones )🆚 Gold
The Path of Precision – Hanzo’s Market Strike
🔥 Key Levels & Breakout Strategy – 15M TF
☄️ Bearish Setup After Break Out – 3312 Zone
Price must break liquidity with high volume to confirm the move.
☄️ Bullish Setup After Break Out – 3345 Zone
Price must break liquidity with high volume to confirm the move.
🩸 15M Time Frame Confluence
————
CHoCH & Liquidity Grab @ 3340
Key Level / Equal lows Formation - 3300
Strong Rejection from 3330 – The Ultimate Pivot
Strong Rejection from 3290 – The Ultimate Pivot
🔥 1H Time Frame Confirmation
Twin Wicks @ 3313 – Liquidity Engineered
Twin Wicks @ 3330 – Liquidity Engineered
GOLD ROUTE MAP UPDATEHey Everyone,
Another strong day in the markets!
After hitting our bullish targets at 3236, 3278, and 3308 earlier this week, yesterday we identified and stated that we have EMA5 cross and lock above 3308, opening the move to 3343.
- 3343 target was reached with precision, completing the move as planned.
However, with no further lock above 3343, we saw the rejection, driving price back into the lower Goldturn zones for support and clean bounces just like we stated.
We’ll continue tracking price level by level, guided by EMA5 confirmations and buying the dips, inline with our plans.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3236 - DONE
EMA5 CROSS AND LOCK ABOVE 3236 WILL OPEN THE FOLLOWING BULLISH TARGETS
3278 - DONE
EMA5 CROSS AND LOCK ABOVE 3278 WILL OPEN THE FOLLOWING BULLISH TARGET
3308 - DONE
EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3343 - DONE
EMA5 CROSS AND LOCK ABOVE 3343 WILL OPEN THE FOLLOWING BULLISH TARGETS
3373
EMA5 CROSS AND LOCK ABOVE 3373 WILL OPEN THE FOLLOWING BULLISH TARGETS
3418
BEARISH TARGETS
3184
EMA5 CROSS AND LOCK BELOW 3184 WILL OPEN THE FOLLOWING BEARISH TARGET
3146
EMA5 CROSS AND LOCK BELOW 3146 WILL OPEN THE SWING RANGE
3103
3069
EMA5 CROSS AND LOCK BELOW 3069 WILL OPEN THE SECONDARY SWING RANGE
3030
2981
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
What Is a Japanese Candlestick Pattern?Japanese candlestick patterns are a popular technical analysis tool used in financial markets such as Forex, stocks, and commodities. Each candlestick represents price movement over a specific time period, showing the opening price, closing price, highest price, and lowest price within that timeframe. The body of the candlestick reflects the price range between the open and close, while the wicks (or shadows) indicate the highest and lowest traded prices. These patterns help traders identify market sentiment, potential trend reversals, and continuation signals by analyzing the shape and arrangement of one or multiple candlesticks. For example, a Hammer pattern may indicate a possible bullish reversal after a downtrend, while an Engulfing pattern shows strong momentum in the direction of the larger candle.
Common candlestick patterns include Doji, which signals market indecision; Hammer and Hanging Man, which point to potential reversals; Engulfing patterns that suggest strong buying or selling pressure; and Shooting Star, which often signals bearish reversal. Mastering these patterns allows traders to make more informed entry and exit decisions, improving their overall trading strategy. However, it’s important to combine candlestick analysis with other technical tools and market context to increase accuracy and reduce false signals.
If you need more information or guidance on analyzing candlestick patterns, feel free to ask. Wishing you successful trading!
GOLD: Strong Growth Ahead! Long!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,294.52 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the next key level of 3,314.94.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
GOLD Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 3292.9
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 3307.6
My Stop Loss - 3285.4
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
GOLD - Price can bounce up from pennant to $3380 pointsHi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊
A few moments ago price reached resistance level, but then bounced and started to flat, breaking this level again.
In flat, price declined to support level, which coincided with support area, and then started to grow.
In a short time, Gold exited from flat, breaking $3325 level and then entered to pennant, where it started to fall.
Price soon broke $3325 level again and made a gap, after which dropped to support line of pennant, breaking $3205 level.
But then price quickly turned back, breaking $3205 level again and even reached resistance level, after which corrected.
Now I think that Gold can decline to support line of pennant and then bounce up to $3380, exiting from this pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GOLD possible outcomesGold is now approaching 3275 area, which is probably the biggest make or break are right now
If we will see break, we gonna see some retest of previous resistance and we could see retest of ALL TIME HIGH again
If we hold this important 3275 area, we could see one more leg to the lower trendline (Daily TL) and possibly testing higher timeframe support of 3150 area... Possible retest of Daily trendline could lead us to even bigger decline all the way down to 2970 support area
SILVER: The Market Is Looking Up! Long!
My dear friends,
Today we will analyse SILVER together☺️
The market is at an inflection zone and price has now reached an area around 32.882 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 33.317.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
Bulls push price to 3360, prepare for PMI⭐️GOLDEN INFORMATION:
Gold prices climbed over 0.50% on renewed safe-haven demand, holding firm above the $3,300 threshold as investor anxiety grows ahead of the U.S. tax bill vote and mounting geopolitical tensions in the Middle East. At the time of writing, XAU/USD trades around $3,317, rebounding from an intraday low of $3,285.
Sentiment remains fragile, with U.S. equity markets slipping into negative territory and Treasury yields ticking higher. All eyes are on the impending vote on President Trump’s tax reform proposal, which the Congressional Budget Office (CBO) estimates could inflate the national debt by approximately $3.8 trillion. Uncertainty around the fiscal outlook continues to fuel demand for gold as a defensive asset.
⭐️Personal comments NOVA:
Gold price recovered well, pay attention to the price zone 3358. Adjusted down, continued to accumulate around 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3358- 3360 SL 3365
TP1: $3350
TP2: $3337
TP3: $3322
🔥BUY GOLD zone: $3264- $3266 SL $3259
TP1: $3275
TP2: $3288
TP3: $3300
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
SPY/QQQ Plan Your Trade For 5-22 : Inside Breakaway CountertrendToday's Inside Breakaway in Countertrend mode suggests the markets may attempt to move downward - away from the recent highs.
I believe the SPY/QQQ will move into a sideways/consolidation range over the next 3-5+ trading days before attempting to make any big moves. We have a holiday-shortened trading week next week, and I believe the markets are moving into the Summer doldrums.
Overall, I would ask traders to stay cautious of this transition in the markets over the next 5--10+ days and prepare for volatility to increase after June 1st.
You all know what I believe is the most likely outcome - a rollover topping pattern followed by a breakdown in price targeting the 525-535 level on the SPY. We'll see what happens going forward.
Gold and Silver pullback back overnight which suggests the metals markets were a bit overheated to the upside. I still believe Metals will continue to push higher.
BTCUSD is trading up above $111k. Here we go.
BTCUSD is moving up into the potential rejection level that I suggested in my 5-20 video as a MASSIVE WARNING setup.
This is where we'll see how BTCUSD plays out - if we continue to push higher or if we REJECT and move into a broad downtrend.
I didn't expect it to happen only TWO DAYS after my video - but here we are.
Time to get muddy and play what price puts in front of us.
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
XAUUSD: May 22Resistance and support update:
4-hour chart resistance level 3355-3360, support level below 3252
1-hour chart resistance level 3340, support level below 3280
30-minute chart resistance level 3321, support level below 3290
3280~3290 below forms short-term support, which is the current short-term buying position. If the NY market falls below, it is likely to fall to around 3250. The first resistance above is 3321, which is the 0.382 position of the decline. If the rise is suppressed in the 3321~3330 range, it can be sold.
The number of initial jobless claims last week will be announced in 15 minutes. If the number of initial jobless claims is higher than expected (230,000), it will be bullish for gold; if it is lower than 200,000, it may temporarily suppress the gold price and continue to fall.
XAUUSD How VIX points to a Gold Bear Cycle.Gold (XAUUSD) may be on a 5-week correction but on the long-term it remains within a Channel Up since the October 31 2022 Low. That was essentially when its Bear Cycle ended and the new Bull Cycle (Channel Up) started.
The previous Bull Cycle stopped 4.5 months after the Volatility Index (VIX) shown in blue, peaked during the March 2020 COVID flash crash.
We are now on a similar situation as VIX topped on the week of March 31 2025 during the Trade War and has already started to decline aggressively.
In symmetrical terms, we could be around the end of May 2020 on Gold's last short-term pull-back before the final rally to the August 03 2020 Top (where its Bear Cycle started).
As a result, according to this correlation, we may see Gold forming a Bull Cycle Top by the end of July (2025) and then start a new +2 year Bear Cycle.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇