COPPER Approaching Key Resistance — Potential Sell SetupPEPPERSTONE:COPPER is approaching a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.
The current market structure suggests that if the price confirms resistance within this zone, we could see a pullback toward the 4.7100 level, a logical target based on previous price behavior and current market structure. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Metals
Gold - A Pennant Forming
XAUUSD
is on a necessary consolidation path towards a burst-up
Over the last 3 weeks, it has consistently hit higher lows - while capping at 2920 -30. This looks like an ascending triangle. It remains to be seen how soon this opportunity would pan out. However, our analysis is seeing a breakout about the 292-30 level. Above which the laws of retracement and expansion would take place.
We should remember that with all that is going on the the world now, wars, tariffs, recession expectations, GOLD is always the failure-less option!
Not getting over ourselves, we would love to see more pullbacks to help push the direction to new ATHs.
Hence
Entry - 2906, 2881, 2849.
Sl - 2903, 2879, 2845.
TP - 2975, 3005, 3035,
fxgoD warrant that the information created and published by you on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Silver – Lagging but Still Strong!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SILVER has been bullish, trading within the rising wedge pattern marked in red.
Following the latest aggressive bullish movement, XAGUSD has formed a demand zone, marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups, as it represents the intersection of demand, support, and the lower red trendline, which acts as a non-horizontal support.
📚 As per my trading style:
As #XAGUSD approaches the blue circle, I will be looking for bullish reversal setups, such as a double bottom pattern, a trendline break, and so on.
Additionally, for the bulls to maintain long-term control, a break above $3,500 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SPY/QQQ Plan Your Trade For 3-19-25 : Top PatternToday's Top pattern suggests the SPY/QQQ will attempt to rally up to resistance, then form a peak/top in price, and then roll over a bit.
After yesterday's fairly consolidated price range, I believe the SPY/QQQ may rally through most of the day and move into the topping pattern near the end of today's trading day.
Overall, I believe the markets are still rolling into the Excess Phase Peak consolidation phase and that means traders need to prepare for extreme price volatility.
What is interesting is how BTCUSD is trying to rally a bit, but not finding upward momentum.
As I stated in today's video, I believe a fairly big move upward, possibly $3000 or more, in BTCUSD could happen between now and the end of this week.
This would be a perfect upward price advance into resistance that could correlate with a move h higher in the SPY/QQQ - targeting the upper level of the Consolidation Phase.
Gold and Silver have reached a "pause" level. I believe Gold and Silver will only pause for 48 to 96 hours before attempting to break higher. So, metals will still attempt to break higher into late March 2025.
Get some.
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DeGRAM | GOLD reached the resistance levelGOLD has reached the upper boundary of the channel and resistance level.
The indicators indicate that the asset is overbought.
A bearish divergence is forming on the 1H Timeframe.
We expect a pullback.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
GOLD Will Go Up From Support! Long!
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,995.32.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,022.41 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD Reached it's Apex and is ready for a dumpIn my earlier posts I said that Gold has the potential to reach the U-MLH, which has become true.
Up there, the price of Gold is stretched. Yes it can go up even more beyond the Upper-Medianline-Parallel. But the overall numbers of occurrences are small.
So, at this natural stretch, price has a high probability to revert to the mean. And this is supported by the fact, that the overall indexes are heavenly oversold and already showing the signs of a pullback to the North (see my last NQ post).
Why not just watch how it plays out, and make a decision for a trade after the FOMC, or even tomorrow. Don't rush into these unknowing situations. Be patient and wait for clear signs to take action.
GOLD (XAUUSD): Detailed Support & Resistance Analysis
Here is my latest support and resistance analysis for Gold
ahead of the FED Interest Rate decision today.
Resistance 1: 3045 - 3050 area
Resistance 2: 3099 - 3103 area
Support 1: 2997 - 3001 area
Support 2: 2952 - 2956 area
Support 3: 2916 - 2933 area
Support 4: 2880 - 2888 area
Consider these structures for pullback/breakout trading.
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XAUUSD: 19/3 Today’s Market Analysis and StrategyGold technical analysis
Daily chart resistance 3060-3100, support below 2982
Four-hour chart resistance 3060, support below 3025
One-hour chart resistance 3050, support below 3030
Gold news analysis: Intensified concerns about the global trade war, new developments in geopolitical crises and expectations of the Federal Reserve's easing of monetary policy continue to drive gold's strong rise. Spot gold rose more than 1% yesterday. This marks a 15% increase in the precious metal since the beginning of the year, closing at $2,623 per ounce in December, and a 27% increase in 2024. The recent decline in the US dollar has played an important role in gold prices hitting new highs. As Deutsche Bank analysts pointed out, "Amid heightened policy uncertainty, investors continue to sell the dollar in search of so-called safe havens. The surge in gold prices is attributed to tensions in the Middle East and the ongoing trade conflict between China and the United States. These uncertainties have not only increased demand for gold, but have also driven a large amount of capital into the precious metals market, pushing gold prices to record highs.
Gold operation suggestions: From the current trend analysis, the lower support focuses on the one-hour chart 3030 and the four-hour chart support 3025. Focus on the important support of the daily level 2982. Continue to buy bullish on this position. The upper target is still focused on breaking through the new high. The daily level does not fall below the lower support before continuing to trade with the trend.
Buy: 3025near SL: 3020
Buy: 3030near SL: 3025
Welcome to check
GOLD 15MINUTES CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE...This chart shows XAU/USD (Gold) price action forming an ascending wedge pattern.
Price is currently retracing from the upper trendline.
A potential bounce from the lower trendline could trigger another bullish move.
If price respects the wedge structure, the next target is the previous high near 3,060.
A break below the wedge could indicate a deeper correction toward the support level around 2,980.
Overall, bullish bias remains, but confirmation at the support zone is key.
XAU/USD Trading Plan – Preparing for Volatility Ahead of FOMC! ⚠️This week, all eyes are on the FOMC meeting on March 19, where the Federal Reserve will announce its interest rate decision and economic outlook. Gold remains in a bullish trend, but it has now reached a key resistance zone that could trigger a correction before determining the next move.
⚠ Important Note: This plan is only valid before the FOMC meeting. As the announcement approaches, traders are advised to close their positions to protect their accounts, as high volatility is expected.
🔥 Fundamental Analysis – What to Expect from the FOMC This Time?
📌 1️⃣ The Fed is Expected to Keep Rates at 4.25% - 4.5%, But…
Dot Plot & Summary of Economic Projections (SEP) will shape market expectations for the future.
If the Fed remains hawkish, the USD could strengthen, putting pressure on gold.
If the Fed signals a dovish stance, the USD could weaken, potentially pushing gold higher.
📌 2️⃣ Global Central Banks Continue to Buy Gold
China, Russia, Poland, and India continue to increase their gold reserves, reducing their reliance on the USD.
This trend supports long-term bullish prospects for gold, although there could be short-term corrections.
📉 Technical Analysis – Key Levels for XAU/USD
🔹 Main Trend: Bullish, but facing strong resistance.
🔹 Price Channel: Gold is still in an uptrend, but a short-term correction may occur.
📌 Key Levels to Watch:
📍 Resistance:
3,055 - 3,071 – If gold fails to break through this level, a correction could follow.
📍 Support:
3,021 - 3,009 – Watch this area in case of a pullback.
2,986 - 2,948 (FVG Zone on H1) – A deeper liquidity level if selling pressure increases.
🎯 Trading Plan – Pre-FOMC Strategy
BUY ZONE: 3010 - 3008
SL: 3004
TP: 3015 - 3020 - 3024 - 3028 - 3032
SELL ZONE: 3054 - 3056
SL: 3060
TP: 3050 - 3046 - 3042 - 3038 - 3030
⚠ Important Warning:
Ahead of the FOMC, consider closing all positions to avoid unnecessary risks, as market reactions can be unpredictable.
🔥 A major wave from the FOMC is coming – trade wisely and protect your capital! 🚀
Best GOLD XAUUSD Consolidation Trading Strategy Explained
In article , you will learn how to identify and trade consolidation on Gold easily.
I will share with you my consolidation trading strategy and a lot of useful XAUUSD trading tips.
1. How to Identify Consolidation
In order to trade consolidation, you should learn to recognize that.
The best and reliable way to spot consolidation is to analyse a price action.
Consolidation is the state of the market when it STOPS updating higher highs & higher lows in a bullish trend OR lower lows & lower highs in a bearish trend.
In other words, it is the situation when the market IS NOT trending.
Most of the time, during such a period, the price forms a horizontal channel.
Above is a perfect example of a consolidation on Gold chart on a daily.
We see a horizontal parallel channel with multiple equal or almost equal highs and lows inside.
For a correct trading of a consolidation, you should correctly underline its boundaries.
Following the chart above, the upper boundary - the resistance, is based on the highest high and the highest candle close.
The lowest candle close and the lowest low compose the lower boundary - the support.
2. What Consolidation Means
Spotting the consolidating market, it is important to understand its meaning and the processes that happen inside.
Consolidation signifies that the market found a fair value.
Growth and bullish impulses occur because of the excess of demand on the market, while bearish moves happen because of the excess of supply.
When supply and demand find a balance, sideways movements start .
Look at the price movements on Gold above.
First, the market was rising because of a strong buying pressure.
Finally, the excess of buying interest was curbed by the sellers.
The market started to trade with a sideways range and found the equilibrium
At some moment, demand started to exceed the supply again and the consolidation was violated . The price updated the high and continued growth.
Usually, the violation of the consolidation happens because of some fundamental event that makes the market participants reassess the value of the asset.
At the same time, the institutional traders, the smart money accumulate their trading positions within the consolidation ranges. As the accumulation completes, they push the prices higher/lower, violating the consolidation.
3. How to Trade Consolidation
Once you identified a consolidation on Gold, there are 2 strategies to trade it.
The resistance of the consolidation provides a perfect zone to sell the market from. You simply put your stop loss above the resistance and your take profit should be the upper boundary of the support.
That is the example of a long trade from support of the consolidation on Gold.
The support of the sideways movement will be a safe zone to buy Gold from. Stop loss will lie below the support zone, take profit will be the lower boundary of the resistance.
AS the price reached a take profit level and tested a resistance, that is a short trade from that.
You can follow such a strategy till the price violates the consolidation and establishes a trend.
The market may stay a very extended period of time in sideways, providing a lot of profitable trading opportunities.
What I like about Gold consolidation trading is that the strategy is very straightforward and completely appropriate for beginners.
It works on any time frame and can be used for intraday, swing trading and scalping
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FOMC today ?World gold prices increased by 3 USD, to 3,030 USD/ounce. In the US trading session (night of March 18), gold at one point rose to a record high of 3,035.4 USD/ounce. The safe haven demand for gold has pushed prices to a record high. Investors are worried about the increase in global trade wars and new geopolitical developments between countries, so they have bought gold.
Israel launched airstrikes across the Gaza Strip early Tuesday morning, killing at least 400 Palestinians, including women and children, according to hospital officials. The surprise bombing broke a ceasefire that had been in place since January and threatened to completely reignite the 17-month war. Over the weekend, the US attacked Houthi targets in the Middle East and vowed to attack more.
In addition, investors are now watching the Federal Reserve Open Market Committee (FOMC) meeting, which begins Tuesday morning and ends Wednesday afternoon. The market is not expected to make any changes to interest rates at this meeting, but will closely analyze the wording of the FOMC statement and Fed Chairman Jerome Powell's press conference.
GOLD market Update: BUY DIPS 2990 USD TP 3100 USD🏆 Gold Market Update / Wednesday
📊 Technical Outlook
🔸Bullish OUTLOOK
🔸5 waves Bullish Sequence on H1
🔸2846/2930 w1, 2930/2887 w2, 2887/3045 w3
🔸3045-3055/2980-2990 wave 4 pullback now
🔸2980-2990/3100 - final wave 5 pump
🔸Recommend to BUY DIPS 2980/2990 USD
🔸Price Target BULLS: 3100 USD in Wave5
🏆🔥 Latest Gold Market Update – March 2025 🔥🏆
🚀 Gold Prices Hit New Highs!
💰 Gold Breaks $3,040+ – Soaring to record levels as investors seek safe-haven assets. 🏦✨📈
📊 Analysts Raise Targets – UBS forecasts $3,200 by June amid strong bullish momentum. 🔮💎
🌎 Key Market Drivers:
⚠️ Geopolitical Tensions Rising – Middle East conflicts fuel gold’s safe-haven appeal. 🌍🔥
📉 Stock Market Volatility – Investors flee equities, boosting gold demand. 📊📢
Hellena | GOLD (4H): LONG to 161.8% Fibo lvl area at 3038.Dear colleagues, I believe that the upward movement is not over yet. The bulls have gained strength and the upward five-wave movement is not over yet!
I expect that the wave “3” of senior and middle order is not yet complete. Possible correction to the area of 2955.837, then I expect an upward movement to the area of 161.8% Fibonacci extension 3038.730.
As usual - the upward movement is in priority, so I do not recommend short positions, but I recommend long limit pending orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gaza conflict and Trump tariffs push GOLD higher againOANDA:XAUUSD rose more than 1% on Tuesday to a new record high and are currently trading around $3,035/oz, close to yesterday's peak. Trade uncertainty due to rising tensions in the Middle East and US President Trump's tariff plans have boosted investor demand for safe-haven assets.
Israeli airstrikes kill more than 400 in Gaza
Early Tuesday morning local time, the Israeli military carried out heavy airstrikes on Gaza City in the northern Gaza Strip, Deir el Balah, the Nusayrat refugee camp in the central Gaza Strip, as well as Khan Yunis and Rafah in the south.
The British news agency Reuters reported that Israeli airstrikes killed more than 400 people in Gaza, threatening a two-month ceasefire.
Israeli Prime Minister Benjamin Netanyahu said the airstrikes were carried out because Hamas has repeatedly refused to release Israeli detainees. Defense Minister Israel Katz warned that if Hamas does not release the detainees, "our attacks will intensify."
Hamas said Israel's move was a unilateral end to the ceasefire, leaving Israelis held in Gaza "to face an unknown fate."
There were unconfirmed reports that an Iranian vessel collecting intelligence during the Gaza offensive was sunk by US forces, escalating tensions in the Middle East.
Saudi media reported on Tuesday that the Iranian Navy's most advanced intelligence ship, the Zagros, was hit by an unidentified missile in the Red Sea on Monday evening local time, causing its hull to be damaged, leaking and sinking.
World Media reported that the US military was then attacking Houthi armed forces in the area outside the Red Sea, while the Israel Defense Forces conducted a large-scale bombing of Gaza, and the origin of the missile that hit the Iranian naval vessel could not be determined.
Trump's Tariffs
Meanwhile, US President Trump has proposed a series of US tariff plans, including a 25% flat tariff on steel and aluminum (which took effect in February), as well as reciprocal tariffs and sectoral tariffs that will be applied on April 2.
Trump said he would impose general reciprocal tariffs on April 2, with additional tariffs targeting specific industries. Trump told reporters on Air Force One on Sunday that both tariffs would be applied to foreign goods imported into the United States “under certain circumstances,” “They tax us, we tax them, and then we’ll tax other industries beyond autos, steel, aluminum.”
Ultimately, Gold is often considered a safe investment in times of economic or geopolitical uncertainty, and in the current environment, it is still fundamentally well supported.
There are also many other supports such as demand from central banks, national reserves, and ETF volumes, the decline of the Dollar, the Fed's monetary policy, etc. Readers can review previous publications for more information.
Technical outlook analysis of OANDA:XAUUSD
On the daily chart, although the RSI is operating in the overbought area, it has not shown any signal to indicate a significant downside correction. A signal for a correction is a crossover of the RSI below 80.
Meanwhile, the sustained price action above the 0.50% Fibonacci extension level is a positive signal with the expectation of further upside and the next target is the 0.618% Fibonacci extension position at the price point of $3,065.
Currently, there is no notable resistance ahead, so until the level of 3,065 USD gold can still rise freely.
The intraday uptrend of gold will be noticed again by the following notable positions.
Support: 3,021 – 3,000 USD
Resistance: 3,065 USD
SELL XAUUSD PRICE 3068 - 3066⚡️
↠↠ Stoploss 3072
→Take Profit 1 3060
↨
→Take Profit 2 3054
BUY XAUUSD PRICE 2984 - 2986⚡️
↠↠ Stoploss 2980
→Take Profit 1 2992
↨
→Take Profit 2 2998
Trading Plan for the Day (March 19) | XAU/USDMarket Overview:
Gold (XAU/USD) continues its upward movement. I will wait for the price to break out of the current structure and form a candlestick pattern.
🎯 Key Scenarios:
Breakout Scenario:
A candle must close within the body of the previous candle, confirming the breakout.
After confirmation, I will look for an entry setup on a lower timeframe (e.g., M15 or M5).
Pullback Scenario:
If the breakout does not occur, I will consider long positions during a corrective move toward the OB IDM (Order Block Initial Drive Momentum) zone.
📉 Short Positions:
For short positions, I will consider them only if liquidity builds above PDH (Previous Day High) to break the current structure.
📊 Trading Plan:
Monitor the price action closely:
If no short opportunities arise, I will focus on long positions.
⚠️ Risk Management:
Ensure position size does not exceed 1% of your trading capital to manage risk effectively.
📢 Wishing everyone a profitable trading day!
GOLD in Distribution – $3,000 is Within Grasp!OANDA:XAUUSD The price has broken upward and reached the intermediate target. After a strong rally, there are no signs of a pullback, indicating that the market remains robust. Currently, a consolidation phase is forming, reflecting stability at higher price levels.
Gold continues to break new all-time highs, reaching $2,990 and heading toward the crucial $3,000 milestone. Despite the strong rally, there is no sign of a retracement, as the market consolidates, suggesting that buyers still hold control. The upward momentum is driven by the trade war initiated by Trump and expectations of a Fed rate cut. Investors remain cautious ahead of the Fed meeting, while a stronger U.S. dollar and a potential ceasefire agreement between the U.S. and Canada could trigger a short-term correction. However, recession risks and escalating geopolitical tensions continue to fuel demand for safe-haven assets, supporting gold’s price growth.
From a technical perspective, the price is in a consolidation phase, which could lead to a breakout above resistance, continuing the bullish trend, or a false breakout followed by a correction toward the support zone at $2,980 – $2,977 before resuming the uptrend.
Key resistance levels: $2,993 – $3,000 – $3,008
Key support levels: $2,981 – $2,956
If buyers manage to hold above $2,993, gold is likely to extend its strong upward momentum. However, a potential correction toward the liquidity zone at $2,981 – $2,977 should be considered before gold continues its journey toward the $3,000 milestone.
GOLD in coming days...The price, as we expected, grew to the (ab=cd) extent after breaking out of this cup-and-handle pattern, and now, technically speaking, it needs some correction, which depends on the level of tensions.
Give me some energy !!
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Best regards CobraVanguard.💚
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
AUD/CAD Breakout in Motion – Bulls Targeting Higher LevelsTechnical Overview:
The AUD/CAD pair has formed a clear ascending triangle pattern, signaling bullish momentum.
A successful breakout above the resistance zone indicates potential upward movement toward key levels.
Price is currently testing a resistance level near 0.9093, and a clean break above could trigger a strong rally.
Key Levels to Watch:
Entry Zone: Above 0.9093 (breakout confirmation)
First Target (TP1): 0.9163
Second Target (TP2): 0.9299
Stop Loss (SL): Below 0.9008 (previous structure support)
Supporting Factors for Bullish Bias:
✅ Trendline Support: The ascending trendline is holding strong, reinforcing bullish structure.
✅ Higher Lows Formation: Indicates buyers are stepping in aggressively.
✅ Breakout Confirmation: If price sustains above 0.9093, momentum will likely continue.