Gold fluctuates in a narrow range ahead of the Fed rate🗞News side:
1. The situation between India and Pakistan escalates
2. China is willing to engage with the US, and the situation has eased
📈Technical aspects:
The price of gold fell sharply after the market opened today, once falling to around 3360. Currently, gold is oscillating slightly between 3375-3390. The market has no clear trading direction for the time being. Gold is not expected to change much before the Federal Reserve interest rate is announced. Today, gold prices have continuously tested the lower support 3370-3360, and the upper short-term resistance is focused on the 3390-3400 line. We maintain shock treatment for short-term trading. The focus will be on today’s Fed interest rate issues and talks between China and the United States.
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.
TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
Trend Lines
Gold range shock , Both long and short have a chance!📌Fundamentals:
1. There are signs of escalation in the India-Pakistan conflict
2. The US-Houthi ceasefire agreement
3. The Fed's interest rate decision dominates this week's market
4. The international trade situation disturbs market sentiment
5. Market sentiment and capital flows
📊Technical aspects:
The market came out in the Asian session. It stalled again later. We are used to seeing fluctuations of hundreds of points. A fluctuation of more than ten or twenty points a day is the same as no fluctuation. At present, the market is temporarily maintained in the range of 3400-3360, and there is not much fluctuation. At present, let's see where the market breaks through. If it retreats to around 3360, follow up with long orders. If it rebounds to around 3400, follow up with short orders.
HelenP. I Gold will drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. Looking at the chart, we can see how the price has recently formed a narrowing wedge structure after a strong impulsive rally. The price reached a significant peak and then started consolidating, forming lower highs with fading bullish pressure. What we now see is a classic sign of price compression within a pennant pattern. Currently, the market is testing the key resistance zone between 3360 - 3380 points. This area aligns with the upper boundary of the wedge, and the price has already reacted to it multiple times. Buyers were unable to break through convincingly, indicating a potential exhaustion of momentum. Meanwhile, the lower boundary is represented by a dynamic trend line. Given this structure, I expect Gold can decline toward the support trend line and possibly reach 3300 points, my goal. The combination of horizontal resistance, trend weakening, and pattern tightening supports a short bias. Given the recent lower high, the rejection near resistance, and the wedge formation, I remain bearish and anticipate further decline. If you like my analytics you may support me with your like/comment ❤️
The Relief Rally is at ResistanceThe SPX touched the main support line, it bounced after the "Buy the Dip" setup until it reached the S/R level at 5,600. This level is at the end of the relief rally, and we can say we're "back to normal".
However, this is a critical point where this support was broken in the past and since support turns into resistance when broken, the most probably price action is a retracement back to the main support line, where depending how the market interprets the Fed Decision it may create a bounce and we can expect it to be consolidating in a trading range.
The main S/R trading range becomes , and if the market gains enough momentum, it could jump to the upper trading range .
It is not likely that the Fed will lower interest rates, since the effects of Tariffs is yet to be known. Inflation has been kept in check since the "soft landing", currently at 2.40%. Lowering interest rates now without knowing the collateral damage of tariffs would be a wild bet.
Intraday adjustment ends, follow up with low and long positions!📌Fundamentals:
1. The conflict between India and Pakistan shows signs of escalation
2. US-Houthi ceasefire agreement
3. The Fed’s interest rate decision dominates this week’s market
4. International trade situation disturbs market sentiment
5. Market sentiment and capital flow
📊Technical aspects:
Affected by the trade negotiations, gold reached a high of 3434 and came out of the 70 US dollar drop. It took advantage of the trend to follow up the short order and reached the target profit stop as scheduled! Then it fell back and went long again to reap profits. The daily line continued to close in the positive direction, and there was room for fallback and adjustment during the Asian session. However, the daily cycle did not support a sharp decline for the time being. The data during the day tended to be treated as shocks. Therefore, the bullish trend remained unchanged, and the support below was 3335. You can go long if it hits during the day. The short-term support is around 3360 and 3350. In terms of operation, it will continue to be low and long. When it stabilizes, it will go to 3410 or even near the high point. However, if the second test does not reach a new high, there may be a larger correction.
🎯Practical strategy:
Gold is long around 3350-55, looking at 3376 and 3410! If it is strong, go long based on the support of 3365-60!
Breaking news is coming! How to trade XAUUSD/GOLD?XAUUSD/GOLD continued to fluctuate and rise in the New York market yesterday. It closed at around 3430, and today the Asian market opened at a high of 3438.75. For those who followed the buying yesterday, this profit is quite generous. The interest rate decision is about to be announced, how should we trade?
Two key points need to be paid attention to, namely: the continued fermentation of geopolitics, and the Federal Reserve interest rate decision in the New York time period.
The geopolitical fermentation has eased since the Asian market began, and there is no greater news to provide momentum for the rise, so there has been a sharp drop after the opening, and the lowest reached around 3359. The decline is about 80 US dollars/ounce. The subsequent shock rebounded slightly, and the current quotation is 3387. From the trend observation, there is still an opportunity to buy on the left side of the swing trading.
The interest rate decision mentioned yesterday can be further divided into two results: unchanged interest rate and interest rate cut. The result of unchanged interest rate is that the US dollar index still maintains its value, and there is a suppression on XAUUSD/GOLD. At this time, we need to pay attention to which has a greater impact on geopolitics and the preservation of the US dollar index. The former is good for the rise of XAUUSD/GOLD. The latter has an impact on the decline of xauusd/gold. Secondly, the interest rate cut is good for xauusd/gold. If it is the latter, then it is better to do more at the same frequency.
Therefore, the trading logic is still mainly based on low-level longs. Members with larger funds can choose to buy near the current price of 3392. Members with smaller funds can pay attention to buying opportunities below 3375.
Pay attention to risk control when trading.
NZDCAD - Looking To Sell Pullbacks In The Short TermM15 - Bearish divergence followed by the most recent uptrend line breakout.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting bearish continuation until the strong resistance zone holds.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
--------------------------------------------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD: Potential Scenarios Ahead of FOMC📈GBPUSD experienced a significant surge yesterday and today we are witnessing a retest of a previously broken resistance level in a horizontal range, which has now turned into support following a breakout.
Ahead of the FED Rate Decision today, there is a potential buying opportunity for GBPUSD:
I spotted a falling wedge pattern on the 4-hour time frame.
A bullish breakout above the of the pattern and a 4-hour candle closing above the resistance line of the wedge would provide a strong intraday confirmation for a long position.
This move could push prices up to at least the 1.3395 level.
Gold Trend Analysis – Potential Movement ForecastThe recent price action suggests a potential turning point in gold’s trend. While the market has maintained an ascending trajectory , the latest pullback introduces a level of caution. The structure remains intact within the trend channel , but the rejection near resistance indicates that bullish momentum may be cooling off.
Key price zones such as 3800.796, 3549.659, and 3238.064 will be decisive in determining the next movement. If buyers defend these levels, a rebound towards higher resistance is likely. However, a break below support could accelerate a deeper correction.
Market sentiment currently leans towards buy-side accumulation , as marked across the chart, yet a confirmation signal from price behavior is required before engaging further in longs. Managing risk effectively in these conditions will be crucial to navigate the upcoming price movements.
Crazy trading opportunity. XAUUSD/goldSupplement the deficiencies in the previous article.
News from the New York market once again stimulated the rise of XAUUSD/gold, which is a sustained rise. Data news once again ignited the XAUUSD market, and the swing trading target is 3440. The current price is 3410, and there is still about 30 US dollars/ounce of fluctuation space for trading.
For details, please pay attention to the real-time trading opportunities announced by the swing trading center later.
New York market XAUUSD trading opportunities.The 3400 position has been broken. Short-term bulls are still strong. The swing buying we executed all day today has made continuous profits. Such one-sided market conditions in trading have good profits. But the premise needs to be executed. This requires execution and courage.
Teacher Ludvig pointed out that the probability of reaching the target 3440 before tomorrow's London market is more than 90.36%. So this is a good buying opportunity for traders who don't know how to trade now.
The precise trading points are released in the Swing Trading Center. If you don't know what to trade now. Then you can refer to it.
Control trading risks according to the capital situation when trading.
EURUSD InsightWelcome, dear subscribers.
Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost and subscribe buttons.
Key Points
- U.S. Treasury Secretary Scott Bessent stated during a congressional hearing that "as early as this week, trade agreements with some of our largest trading partners may be announced."
- President Trump mentioned that "a product-specific tariff announcement on pharmaceuticals will be made within the next two weeks."
- On May 7, the Federal Reserve will announce the results of its FOMC meeting. While the market largely expects a rate hold, attention is focused on whether Fed Chair Jerome Powell will shift his stance.
Key Economic Events This Week
+ May 7: FOMC meeting results announcement
+ May 8: Bank of England interest rate decision
EURUSD Chart Analysis
The pair is experiencing a pullback after encountering resistance at recent highs, with a temporary rebound following a recent decline. Based on the medium-to-short-term trend, further pullbacks are expected. In that case, a bottom is likely to form around the 1.11000 level. However, if the price breaks above the 1.14000 level, it may attempt to break through the resistance at the high again, so this resistance level deserves close attention.
Gold is once again experiencing its extreme take-off trend!📌Fundamentals:
1. There are signs of escalation in the India-Pakistan conflict
2. The Fed's interest rate decision dominates this week's market
3. The international trade situation disturbs market sentiment
4. Market sentiment and capital flows
📊Technical aspects:
The 4-hour cycle still needs a wave of strength, and it needs to go out of a wave of big rises before it can open the Bollinger upper track to form an absolute unilateral strength. Therefore, although it is temporarily bullish, there is also a certain possibility of adjustment. The current 4-hour cycle support is around 3310, and the small cycle performance support is around 3350, so don't chase more.
🎯Practical strategy:
Gold pulls back to around 3365-3375 to go long, and the target is around 3400-3420.
Gold is rising strongly. When can the bull market stop?🗞News side:
1. Trump announces renegotiation of USMCA
2. Pay attention to the Fed interest rate
📈Technical aspects:
Looking at the daily chart, gold prices are breaking through important resistance levels and forming a strong upward trend. The price is currently trading around 3410, with strong suppression at 3420-3430 above the short-term. If the gold price encounters resistance and pressure, gold may once again experience a correction. Therefore, when the gold price touches the 325-3435 line, you can try to place a short position. In terms of operation, after two consecutive positive days on the technical front, the bulls will continue further. The current short-term support has moved up to the 3386 line. 3386 is the early resistance that turned into support after breaking through. This will be an important support level. At the same time, the 3270-3260 line support below is still strong. Continue to look at the 3430-3450 line. Therefore, in terms of operation, we mainly do long positions on callbacks and supplementary short positions on rebounds.
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 FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
GCM Grovenor Inc Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# GCM Grovenor Inc Stock Quote
- Double Formation
* (Uptrend Argument)) At 6.00 USD | Completed Survey
* (Anchored VWAP)) On A Retest Settlement | Subdivision 1
- Retracement Area At 10.00 USD
- Triple Formation
* Upper Band - Multiplier #2 | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Regular Settings
- Position On A 1.5RR
* Stop Loss At 11.00 USD
* Entry At 13.00 USD
* Take Profit At 15.00 USD
* (Uptrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
The most important golden strategy📌Fundamentals:
Focus on the Federal Reserve's interest rate decision
📊Technological aspects:
From the golden hour chart, the Asian market is in line with a wave of continued gains and the subsequent adjustment to the 10 moving average of 3350 has stabilized. The European market has slowly moved higher and is approaching the Asian market high. This pattern is still very strong, and there is a high probability of a second rise tonight; The 10 EMA is above 3370 as the primary support and continues to be bullish. As each line closes, the moving support will slowly move up. As long as it does not effectively break, the short squeeze will continue. A breakthrough of 3410 will also happen at any time. If it breaks through, it will be easy to continue to storm above 3420. If it rushes higher and falls back in the evening and falls below the 10 EMA, then If it adjusts to the middle track for the first time, there will still be good support, just continue to be bullish; comprehensively speaking, today's short-term gold operation ideas suggest that the callback is mainly long, and the rebound is supplementary.
🎯 Practical Strategy:
Short strategy: short gold when it rebounds around 3425-3430, target around 3400-3380.
Long strategy: long gold when it pulls back around 3365-3370, target around 3400-3420.
XAUUSD Bullish Continuation Setup (read-caption)📊 Chart Overview:
Asset: Unspecified (likely XAUUSD or a crypto asset).
Timeframe: Looks like 4H or Daily.
Tools Used:
EMA 50 (🔴 Red Line) — 3,283.978
EMA 200 (🔵 Blue Line) — 3,185.603
Resistance & Support Zones (🔴 Highlighted boxes)
Price: 3,335.415
🔍 Technical Analysis:
🟩 Trend Direction:
📈 Uptrend Confirmed: Price is above both EMA 50 and EMA 200 → Strong bullish momentum.
✅ Golden Cross: EMA 50 is above EMA 200, confirming long-term bullish bias.
📌 Key Levels:
🧱 Main Support Zone (🟥 Bottom Box - ~2,950–3,050):
Historical strong bounce zone.
Acts as a bullish base in case of a deeper pullback.
🔄 Mid Resistance/Support (~3,180–3,260):
Now acting as support after price bounced above it.
Also aligns with EMA 200 ➕🟦 – adds confluence.
📌 Main Resistance Zone (~3,300–3,380):
Current area of consolidation.
If broken, price likely to retest upper resistance.
🚧 Top Resistance Zone (~3,450–3,500):
Target area if bullish breakout continues.
✈️ Next take-profit zone for bulls.
🧭 Market Forecast:
🔁 Retest Expected: Price might pull back slightly to the main resistance area (~3,300), retesting previous resistance as support.
🚀 Upside Potential: Upon successful retest, price is projected to head toward the upper resistance (~3,480).
📉 Bearish Scenario: If price breaks back below 3,260 and EMA 50, expect a dip toward 3,180 or even the main support zone.
📈 Summary:
Bias: ✅ Bullish
Watch for:
🔍 Retest of 3,300 zone
✅ Breakout above 3,380
❌ Breakdown below 3,260 invalidates bullish scenario
Nasdaq - Printing The Obvious Bottom!Nasdaq ( TVC:NDQ ) already finished the correction:
Click chart above to see the detailed analysis👆🏻
After we witnessed a minor "crash" of about -25% over the past couple of weeks, the bottom might be in on the Nasdaq. We simply saw another very bullish all time high break and retest and depite the possibility of a second retest, I am (still) extremely bullish at these levels.
Levels to watch: $17.000
Keep your long term vision,
Philip (BasicTrading)