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Gold bulls and bears are chasing each other fiercelyNow the price of gold has slightly rebounded from a high position to above the lower track of the convergence range. Analyzing that the triangle convergence range has not broken, it should be seen that there is a rebound below, but given that the price of gold has fallen from a high position, it is also very short-term to go long now. The trend of gold today is relatively repeated. The first is that the price of gold fell below Thursday's low of 3288 in the early trading and pierced the lower track of the triangle convergence before pulling up. In terms of the overall structure, we conceived that it is the third wave of decline since the historical high of 3500. The prerequisite for establishing this trend is to fall below 3292. Before that, the two breaks last night and today's early trading were recovered. Then the market needs to pay attention to whether the price of gold will continue to test or break this position to go down in the C wave. Therefore, it is still necessary to maintain this idea. If the closing price of gold directly rises and breaks through the 3369 position, it proves that the 3500 position is not a historical high, and a higher position than this position will appear later.
OANDA:XAUUSDShort
by JoshuaEmmie
Focus on shorting opportunities near 3250 in the US market 📌 Gold drivers After two days of trade talks in Switzerland, the United States and China announced "substantial progress", marking a possible turning point in efforts to ease tensions between the world's two largest economies. Chinese Vice Premier He Lifeng called the talks an "important first step" toward stabilizing bilateral trade, and U.S. Treasury Secretary Scott Bessant expressed the same view, noting that the talks had made meaningful progress. The United States is expected to release more details on the results of the negotiations on Monday. As the United States and China announced an agreement to cut reciprocal tariffs, the dollar strengthened, weakening the appeal of gold as a safe-haven asset. Spot gold fell 3% on Monday to a low of more than a week, hitting a low of $3,208 during the day, the lowest level since May 1, and the day's decline had reached $100. At the same time, the U.S. dollar index rose by more than 1%, making gold more expensive for holders of other currencies. 📊Comment Analysis Gold still has room to go down, and the strength of gold bears is still there. Gold rebounded twice in the US market and fell back under pressure near 3250. 💰Strategy Package At present, the US market still has a demand for a pullback, and the long position near 3220 can now be closed for profit. For the US market, we should first look at the area around 3250. After the pullback is in place, continue to play short orders to look at the target position of 3200. If it breaks upward, find a new point layout. This week's data market and news will have a further impact on gold. For real-time layout of accurate trading signals, please follow the free channel. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
1
Nat Gas-Holding PatternNat gas is currently still in its long term H&S pattern and it might be forming the right shoulder. As we speak it is holding a bullish Trendline and above the monthly pivot of $3.58 and it rejected the PWH of $3.82 so it seems stuck between support and resistance waiting to see will take charge. I will be looking for long positions on closes above $3.82 and short on closes below $3.58. If we break the PWL or PWH this week that should make way for a 10-15% move to find new support or resistance($4.12 resistance and $3.03 support).
NYMEX:NG1!
by andrewtreilly
13/5/25 Bulls Need Strong Follow-through Buying FCPO Friday's candlestick (May 9) was a bull doji closing above the middle of its range. In our previous report, we said traders would see if the bulls could create sustained follow-through buying. If they can do that, the odds of a 2-legged sideways to up pullback will increase. Or if the market would trade higher, but the candlestick closes with a long tail above it or with a bear body instead. If this is the case, it would mean strong bears and weak bulls. The market traded higher, followed by an intraday retest of the May 8 low, forming a higher low. Palm oil then traded off the day's low to close with a small bull body in its upper half. The bulls got some follow-through buying, although not as strong as they hoped, yet. The bears want a strong breakout below the January low, followed by a measured move based on the height of the 5-month trading range, which would take the market to the 3200 area. If the market trades higher, the bears want it to stall around the 20-day EMA (around 3950), forming a double top bear flag with the April 25 high. They want the pullback to be weak, sideways, and lacking in strong follow-through buying (overlapping candlesticks, bear bars, doji(s), and prominent tails above candlesticks). The bulls want a reversal from a lower low major trend reversal and a wedge pattern (Apr 9, Apr 22, and May 8). They want a failed breakout below the January low. They hope to get at least a small two-legged sideways to up pullback lasting a few days. The pullback phase may have begun. They must continue creating follow-through buying to increase the odds of testing near the 20-day EMA. They want a TBTL (Ten Bars, Two Legs) Pullback, lasting about 2 weeks. The pullback phase may be underway. While the selloff since the April 2 high to May 8 low was strong, the move has lasted a long time and is slightly climactic. The wedge pattern increases the odds of a small 2-legged sideways to up pullback. The move could be underway. Traders want to see if the bulls can create sustained follow-through buying tomorrow. If they can do that, the odds of a 2-legged sideways to up pullback will increase. For tomorrow (Tuesday, 13/5/25), the market may gap up early. Traders will see if the bulls can create a follow-through bull bar closing near its high. Or will the market trade higher, but the candlestick closes with a long tail above or a bear body instead (after gapping up)? If so, the bulls are not yet strong and lack strong follow-through buying. Breakouts from trading ranges can fail, and odds slightly favor the trading range to continue until there is a strong breakout with sustained follow-through selling/buying. Andrew
MYX:FCPO1!
by Tech_Trader88
Maintain Downtrend - Waiting for US-China Trade Negotiations🔔🔔🔔 Gold news: ➡️Gold prices declined for a third consecutive day on Friday amid a combination of bearish factors. Optimism surrounding the US-UK trade deal and upcoming US-China negotiations weakened demand for safe-haven assets. Meanwhile, the Federal Reserve’s hawkish pause boosted the US Dollar to its highest level in weeks, adding further pressure on the XAU/USD pair. Personal opinion: ➡️ Gold prices show a more gradual correction after breaking down the over-weighted price zones, and will continue to maintain this selling pressure in the short term. and wait for the market’s reaction tomorrow to the US-China trade talks ➡️Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Personal plan: 🔆Price Zone Setup: 👉Sell Gold 3324 - 3327 ❌SL: 3331 | ✅TP: 3320 -3315- 3310 👉Sell Gold 3223 - 3226 ❌SL: 3219 | ✅TP: 3230 -3235- 3240 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDShort
by FM-ForexMastermind
1
Gold Drops to Support – Bullish Structure Still Intact (For Now)Gold fell nearly 2.5%, retesting its rising trendline and the 50-day SMA near $3,180 after failing to hold above $3,400: 📉 RSI dipped to 49, showing fading momentum but not yet oversold 📊 MACD is crossing lower, suggesting weakening bullish pressure 🟦 Key support: Rising trendline and 50-day SMA near $3,180 Further downside could target $3,050 📈 Bulls want to see a strong bounce from this area to maintain the uptrend structure. A daily close below $3,180 would shift near-term bias neutral to bearish. -MW
FOREXCOM:XAUUSD
by FOREXcom
XAUUSD New York market trading strategy.The Russian-Ukrainian war sentiment has once again ignited the market's risk aversion sentiment. After the New York market opened, the US stock market opened higher, causing XAUUSD to fall to around 3200 and then rebound. After the New York market opened, XAUUSD continued to rise to 3248. After the weekend news continued to be digested in the Asian market and the London market, the New York market once again boosted XAUUSD due to geopolitical news. At present, we are paying attention to whether the position of 3255-3272 can be effectively broken through and stabilized. If it cannot continue to sell at a high level.
TVC:GOLDLong
by Band_analysis
XAUUSD is moving within the 3,195.00 - 3,495.00 range👀 Possible scenario: Gold (XAU) fell over 1% on May 12, dropping below $3,280 to a one-week low as demand for safe-haven assets weakened. Optimism around U.S.-China trade talks grew after positive weekend discussions, with Beijing ready to begin formal negotiations and the U.S. highlighting progress toward a deal. With little on the macro calendar on May 12, traders are focused on trade developments that could continue to pressure gold prices. ✅Support and Resistance Levels Support level is now located at 3,195.00 . Now, the resistance level is located at 3,495,00
FOREXCOM:XAUUSD
by MaxOnMarkets
XAUUSD Breakout Play – Retest of 3234 Holding for a Push Toward XAUUSD skyrocketed past the 3234 resistance mark confirming further bullish continuation. Evidently this breakout past 3234 shows that short to mid term bears have reversed into bulls. Coupled with aggressive bullish pressure, the need to retest gaps created during previous price drops becomes highly probable arise. preco The classic scenario of retesting broken resistance occurs. The price is now testing the 3234 region which used to serve as resistance and is now attempting to work as support. Confirmation that the bullish sentiments slated for 3255 will push up prices further deploying standards for gap fill algorithms. 🟢 Target Zones: TP1: 3255 TP2: 3268–3270 (based On Previous Structure Supply) Bullish continuation while price remains between 3234 and 3268 is believed to be more attainable. TEC: Sell Entry (on retest) First Trigger Point: Marked Higher 3128 Stake your claim under 3227. 📈 Bias: Aggresively pro bulls based on price action Long built up pressure and traditional supply demand denoted by previous resistance is primed for breakout. 🗣️ Caption (for post body): “Price action above 3240 strengthens the bullish thesis, but retest validation is necessary to confirm a long entry order.” SL under 3229 keeps the trade clean. Setup in progress... 📈
OANDA:XAUUSDLong
by TradesThug
Gold plunged. Will it rebound?Market Summary: Gold prices suddenly saw a new round of selling in Asian markets on Monday, and the price of gold just fell to $3,210/ounce, reaching today's low, a drop of nearly $110. Gold prices weakened at the beginning of the new week as the latest optimism about the US-China trade agreement continued to weaken demand for traditional safe-haven assets. At the same time, positive signals from the US-China negotiations eased market concerns about a US recession. This, coupled with the Fed's hawkish comments, helped the dollar stabilize near multi-week highs and put pressure on gold. The gold price trend seems quite fragile. Gold prices fell and broke below the main bullish trend line in the short term, which sent a bearish signal, indicating that the trend may change. I think the US-China trade agreement will have an impact on gold prices for a period of time. Technical Analysis: Gold's 4-hour level oscillation downward trend is relatively obvious, and the shape is a step downward. After the gold gapped down, there was a large gap. The gold rebound was unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of the market. On the whole, for the short-term operation of gold today, Quide suggested that the rebound should be shorted as the main strategy, and the retracement should be long as the auxiliary strategy. The short-term trading should focus on the upward resistance of 3240-3250 US dollars, and the downward resistance should focus on the support position of 3200-3190 US dollars. Today's operation strategy: Operation strategy 1: Short the price when it rebounds to around 3245 US dollars, stop loss at 3260 US dollars, and take profit near 3210. Operation strategy 2: Long the price when it falls back to 3210 US dollars, stop loss at 3200 US dollars, and take profit near 3240.
OANDA:XAUUSDShort
by Quaid-1
Gold Approaches Critical Resistance Level: Bullish Outlook Ahead Current Price: $3277.40 Direction: LONG Targets: - T1 = $3362.00 - T2 = $3429.00 Stop Levels: - S1 = $3234.00 - S2 = $3178.00 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Gold. **Key Insights:** Gold is entering an important consolidation phase, with mixed sentiment emerging from macroeconomic conditions. Geopolitical uncertainties and inflationary pressures are driving its safe-haven appeal, while the potential for rate adjustments by major economies adds to its bullish prospects. If gold breaches its key resistance levels, it could attract significant speculative buying, pushing prices higher. Meanwhile, minor pullbacks should not be ruled out, but overall resilience suggests an upward bias. **Recent Performance:** Gold has demonstrated strength in recent weeks, currently trading near $3277.40 after holding firm amidst fluctuating equity and bond markets. Safe-haven demand has largely supported its price action, with previous rallies garnering momentum from risk-off market stances. However, consolidation in a tight range suggests traders are evaluating risk factors before taking significant positions. **Expert Analysis:** Market analysts point out that geopolitical tensions, such as the ongoing U.S.-China trade disputes, alongside Federal Reserve policy discussions, are likely to impact gold's trajectory. Expectations for softer monetary policies globally also favor gold, as does increased interest in gold-backed financial assets. On the flip side, U.S. Dollar strength remains a temporary headwind, suppressing gold's immediate upside. **News Impact:** Recent headlines around potential gold-backed Treasury securities and inflation risks have reinvigorated gold's potential as a hedge against uncertainty. Escalations in geopolitical events or further dovish commentary from central banks could amplify this momentum. Traders should closely monitor these developments, as gold's sensitivity to macroeconomic news often dictates sharp moves. **Trading Recommendation:** Based on current market dynamics, traders should consider a bullish position in gold. The safe-haven narrative and technical resilience present a high-probability setup, with clearly defined targets and stops to manage risk. As gold approaches critical resistance levels, this setup favors upside potential over the next few trading sessions.
COMEX:GC1!Long
by CrowdWisdomTrading