The summit is just around the corner, just one final push away!Gold closed sideways at a high level yesterday, and closed positive again overnight. It opened back to 3379 and pulled up strongly, breaking through the 3400 mark and then increasing in volume. The recent low-multiple bullish ideas have been realized. Today, there is no doubt that it will continue to be bullish and long. The market has turned from the previous sweeping upward to a strong unilateral trend. The upper side will first look at the previous high pressure of 3435. Continued breakthrough will further open up the upper space, or it will hit 3500 or even a new high again. The lower support focuses on the top and bottom conversion position of 3395-3405, and then pay attention to the 1H cycle support near 3410. Intraday operations are still mainly based on falling back and long.
Operation suggestion: Go long when gold falls back to 3395-3345, and look at 3434 and 3450. If it is strong, continue to go long with the support of 3415-3410.
GOLDCFD trade ideas
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
That was a nice move early session from the red box all the way down breaking through support to target our bias level and then giving a TAP AND BOUNCE for the long. These long trades however are now protected and managed due to the pre-event price action around the corner.
So now we have support below again at the bias level and the red box with resistance above 3355-60 red box. We're in from below so our area of interest will be that level for the remainder of the session.
As always, trade safe.
KOG
Gold rebound is still a short-selling opportunityFirst of all, let's take a look at why the market is still not reversing after a big rise, and there is a rapid rise and fall?
The data is bullish, and gold is rising rapidly, but we should pay attention to the sustainability of the rise, and secondly, the current trend direction. The overall trend of gold is still fluctuating downward recently, so even if the data is bullish, it is likely to just give an opportunity to "go high and short".
Although gold performed strongly after the data was released, it began to fall under pressure at the 3360 line, the trading concentration area of the last box shock, indicating that the bulls' volume is still not enough to break through the upper resistance. It is reasonable to rise and fall.
Since gold is currently in a market that is tempting to buy more, it means that the main trend is still bearish. The rebound is still dominated by short selling. The gold 1-hour cycle closed with a long upper shadow, indicating that the upward attack is weak, indicating that the area above 3350 is still a strong pressure area. This upward rush is just a short-term effort with the help of data benefits, which is a typical false breakthrough. Therefore, gold rebounded to the 3350-3360 area in the US market, and it is still dominated by high shorts.
This is the charm of the market - some people are always hesitant in the ups and downs, while others can always grasp the key turning points. The premise is to be able to see the trend clearly and follow the trend.
Don't be led by the market, but understand: Is the current fluctuation a trap or an opportunity?
If the direction is wrong, the effort will be in vain; if the direction is right, you will get twice the result with half the effort.
Don't make excuses for failure, just find ways to succeed. Have you found it?
All recent trading strategies and ideas have been realized, and the point predictions are accurate. If your current gold operation is not ideal, we hope to help you avoid detours in your investment. Welcome to communicate with us!
GOLD: Exponential Scaling 1.618^1/5Gold's natural growth patterns have apparent alignment Fibonacci progression.
Exponential Scaling using a constant phi (1.618) raised to 0.20 power exponent:
The lines follow historical movements with exponential accuracy, aiding the identification of swing points of major momentum shifts.
Major swings metrics:
Gold remains volatile at high levelsGold hit a low of 3302 on Tuesday and then rebounded. Then it hit a high of 3348 in the US market and then retreated to 3315 before rising again. It is still fluctuating around 3340. It closed at a cross star pattern with a negative line yesterday. The trend of the day is more critical. Although the bulls tried to break through in the short term, they did not break through after all. The current key pressure above is maintained at 3345-50. We continue to pay attention to the gains and losses of 3345-50.
From the 4-hour analysis, the support below is around 3315-20. If we step back and rely on this position, we will continue to look at the continuation of the rebound. The resistance above is around 3345-50. The overall gold price remains unchanged in the main tone of high-altitude and low-multiple cycles. I will remind you of the specific operation strategy during the trading session, so please pay attention to it in time.
Gold operation strategy:
1. Buy when gold falls back to 3315-20, and add more when it falls back to 3295-3003, stop loss at 3285, target at 3345-3350, and continue to hold if it breaks;
Do bulls have enough steam to drive gold higher?A lot of things to consider this week, a lot of data and geopolitical tensions. Will the economic uncertainty and potential bad US jobs data drive TVC:GOLD higher? Let's dig in.
FX_IDC:XAUUSD
Let us know what you think in the comments below.
Thank you.
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Gold fluctuates repeatedly, and opportunities emerge!Gold was under pressure for the second time during the day, and the pressure at the 3349 line fell back. It continued to be treated with a fluctuating mindset. The 4H cycle observation showed that the Bollinger Bands were closing, and the K-line repeatedly interspersed around the middle track. The short-term structure tended to fluctuate upward. Pay attention to the 3348-3350 and 3362 pressure zones above, and the support below is located in the 3315 and 3302 areas. In terms of operation, the main long and auxiliary short ideas are maintained, and the guidance of CPI data is paid special attention.
Operational suggestions: Gold retreats to the 3315-3305 area and tries to arrange long orders, with the target looking at 3338 and 3349. A strong breakthrough can look up to 3360. If the 3350-3360 pressure zone above is not broken, short orders can be tried in the short term.
All recent trading strategies and ideas have been realized, and the point predictions are accurate. If your current gold operation is not ideal, we hope to help you avoid detours in your investment. Welcome to communicate with us!
GOLD (XAU/USD) Imminent long opportunitiesThis week, my focus for GOLD is on potential long opportunities around the current price level. Price is sitting within a strong area of demand, so my plan is to wait for signs of accumulation and a clear slowdown in bearish momentum before considering any entries.
Ideally, I’d like to see the Asia low swept, which currently lies in the middle of the zone — that would offer even stronger confirmation for a buy setup.
If this current zone doesn’t hold, I have a well-defined 9H demand zone around the 3,220 level, which sits in a more discounted area and aligns well with the overall bullish trend on the higher timeframes.
Confluences for GOLD Buys:
- Clean major daily demand that caused a change of character to the upside
- Plenty of liquidity above and an unmitigated supply higher up
- This is a pro-trend trade, aligning with overall higher timeframe bullishness
- DXY has been bearish over the past few weeks, supporting gold upside
P.S. If price respects this current demand and moves higher, we may see a short-term reaction from the 3H supply zones above — but we’ll monitor price action and adjust accordingly.
Have a great trading week
GOLD conditions seem to remain bearish: Pay attention to hintsFor now, we can see that Gold’s bullish momentum has stalled and since Friday Gold has been under pressure from 3325. Not surprisingly though, the market structure performed as expected this past week.
I believe that short-term price action in gold may remain choppy next week due to Trump’s temporary tariff measures so caution is advised.
My bias is still the same as before, I think that on Monday the market will open bearish likely pushing price lower initially.
As you can see in my previous analysis, the forecasted move played as expected:
So this being said I plan to react based on how price behaves at support of 3270-3250 on the lower side in the short term.
If price tags the support as shown on my chart, I’ll be watching for a possible rebound toward 3300. This range in particular should not be overlooked . This area aligns with the point of control, and given how price often gravitates back to high-volume zones after sharp moves, a recovery to that level would be a natural reaction.
The key point lies in how the market will open and how price will behave, as well as the overall sentiment.
Gold's next move won’t be random, there are strong confluences at play that will guide and give us hints, so it’s up to us to stay attentive.
If we were to break upside above the $3,330 level, then we can see more bullish outlook next
The other scenario, to be taking into account would be to start with a strong bullish candle and reach 3330 before a drop.
Wishing you a profitable trading weekend ahead. This is just a forecast and should not be considered financial advice.
Perfect grasp of the high altitude and low multi rhythm!The current trend of gold continues yesterday's trend, maintaining a high rebound and volatile market. But don't panic, focus on the performance of the rebound. If the rebound fails to break through the upper resistance level, continue to focus on shorting. The upper suppression area is locked at the 3335-3345 line. Although the bullish performance has been strengthened, if it cannot effectively break through this range, it is still a short-term weak signal. From the current market, the upper pressure is obvious, and the rebound can rely on this range to layout the main short, focusing on the continuation of the decline. The lower support focuses on the 3293-3300 integer mark, and the overall long and short wide range of volatile market is maintained. Before the daily level fails to effectively break through and stand firm at the 3345 mark, it is difficult to say that the bulls will turn strong, and operations need to be cautious. If the market adjusts, the strategy will be updated simultaneously.
Operation strategy suggestion: Gold rebounds to the 3335-3345 first-line area to choose the opportunity to short, target the 3295-3306 range, strictly control risks, and follow the trend.
GOLD ROUTE MAP UPDATEHey Everyone,
Another powerful day in the markets with our chart idea unfolding exactly as anticipated.
In yesterday’s update, we highlighted that all our targets 3305, 3334, and 3359 were hit following the EMA5 cross and lock confirmation. We also pointed out the EMA5 lock above 3359, opening a clear gap to 3389, which was also hit perfectly. The absence of a further EMA5 lock above confirmed a precise rejection, sending price back down into the lower Goldturns for support, just as projected. We then had the bounce off the 3334 level, another clean reaction, just like we stated.
Now today, after testing and bouncing from 3334 into 3359, price is now charging back toward 3389 for a potential retest, as that level remains open once again.
The structure is playing out beautifully, we will stick to the plan, and manage risk wisely.
We will continue to buy dips using our support levels taking 20 to 40 pips and track the movement with ema5 lock or rejection. 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
3305 - DONE
EMA5 CROSS AND LOCK ABOVE 3305 WILL OPEN THE FOLLOWING BULLISH TARGETS
3334 - DONE
EMA5 CROSS AND LOCK ABOVE 3334 WILL OPEN THE FOLLOWING BULLISH TARGET
3359 - DONE
EMA5 CROSS AND LOCK ABOVE 3359 WILL OPEN THE FOLLOWING BULLISH TARGET
3389 - DONE
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3271 WILL OPEN THE FOLLOWING BEARISH TARGET
3227
EMA5 CROSS AND LOCK BELOW 3227 WILL OPEN THE SWING RANGE
3185
3146
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
Wait for the right time and sell gold!
The current gold market sentiment is in a cautious neutral state. The US dollar index is under pressure due to the US fiscal health issues and the downward trend of US bond yields, but last week's non-farm data suppressed the Fed's expectations of a rapid rate cut this year. Although risk aversion still exists, it has not formed enough synergy to push up gold. The market is cautiously optimistic about the prospects of high-level negotiations between important economies, and is wary of sudden fluctuations that may be caused by geopolitical risks. I believe that in the context of global geopolitical conflicts, the expansion of fiscal deficits in major economies, and the uncertainty of the monetary policy shift cycle, the medium- and long-term logic of gold still has support. However, before the Fed's expectation of maintaining a "high interest rate for longer" policy is loosened, the gold rebound path may be more tortuous, and it needs to rely on geopolitical or US dollar fluctuations to trigger a trend market.
The 4-hour gold chart shows that gold has fallen after rising, breaking through the middle track support and breaking through the rising trend line at the same time. The trend line break point coincides with the middle track position. The subsequent decline space will gradually expand with the development of the pattern. There may be repeated shocks in the process, but the overall downward trend is clear. At present, the short-term momentum of gold has not been fully released. In the US market, I suggest selling in the 3345-3350 range, with the target pointing to the 3330-3310 area. If the short-term trend effectively breaks through the key support level, it may further open up the downward space.
Repeat once! Sell gold near the rebound of 3345-3350, with the target of 3330-3310
If you have doubts, you can look at my previous analysis, and you can find more information to prove that I am right!
Hit the target with one strike! Gold perfectly cashed in 3435Gold closed sideways at a high level yesterday, and closed positive again overnight. It opened back to 3379 and pulled up strongly, breaking through the 3400 mark and then increasing in volume. The recent low-multiple bullish ideas have been realized. There is no doubt that it will continue to be bullish and long today. The market has turned from the previous sweeping upward to a strong unilateral trend. The upper side will first look at the previous high pressure of 3435. Continued breakthrough will further open up the upper space, or it will hit 3500 or even a new high again. The lower support focuses on the top and bottom conversion position of 3395-3405, and then pay attention to the 1H cycle support near 3410. The intraday operation is mainly long on the decline.
Operation suggestion: Go long on gold when it falls back to 3395-3345, and look at 3434 and 3450. If it is strong, continue to go long with the support of 3415-3410.
When operating, be sure to strictly set stop loss, strictly control risks, and respond to market fluctuations steadily.
XAU/USD: Gold's Critical Decision Point! FOR JUNE 06, 2025 📊 CURRENT SNAPSHOT
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🎯 THE SETUP: "Golden Triangle Breakout"
Gold is sitting at a CRITICAL JUNCTURE - trapped between major support and resistance levels, forming what I call the "Golden Pressure Cooker" pattern.
🔍 KEY LEVELS TO WATCH
🔴 RESISTANCE ZONE (The Ceiling)
* LWH (Last Week High): \$3,403.55 - Ultimate target
* LWL (Last Week Low): \$3,297.94 - Immediate resistance
* 4H FVG: \$3,350 area - Major supply zone
🟡 CURRENT BATTLEFIELD
* Price Action: Consolidating in tight range
* PWL (Previous Week Low): \$3,245.28 - Key pivot
🔴 DANGER ZONE (The Floor)
* DIE ZONE: \$3,121.70 - Critical support
* Break below = Major bearish signal
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📈 MARKET STRUCTURE ANALYSIS
What the Chart is Telling Us:
1. 📊 Consolidation Phase: Gold has been ranging for several sessions
2. ⚡ 4H FVG Above: Acting as a magnet for price
3. 🎯 Triple Test: Price respecting the PWL level multiple times
4. 📉 Volume Decline: Typical before major moves
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🚀 TRADING SCENARIOS
SCENARIO 1: "Golden Rocket" 🚀 (BULLISH)
IF price breaks above \$3,297.94 (LWL):
* Target 1: \$3,330- +1.2% gain
* Target 2: \$3,350(FVG) - +3.9% gain
* Stop Loss: \$3,280 - Risk: -0.5%
Risk/Reward: 1:1.8 ⭐⭐⭐
SCENARIO 2: "Golden Avalanche" 📉 (BEARISH)
IF price breaks below \$3,245.28 (PWL):
* Target 1: \$3,200 (Psychological level)
* Target 2: \$3,121.70 (Die Zone)
* Stop Loss: \$3,297.94 (LWL)
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💡 SIMPLE TRADING PLAN
🎯 FOR BULLS (Buy Setup):
```
ENTRY: Break above $3,298 with volume
STOP: $3,285
TARGET 1: $3,330
TARGET 2: $3,360
🎯 FOR BEARS (Sell Setup):
```
ENTRY: Break below $3,245 with volume
STOP: $3,298 (LWL)
TARGET 1: $3,200
TARGET 2: $3,122 (Die Zone)
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⚠️ RISK MANAGEMENT RULES
1. Position Size: Risk only 1-2% of account
2. Wait for Confirmation: Don't jump early
3. Volume is Key: Breakouts need volume
4. Time Limit: Close if no movement in 2 days
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🔥 WHY THIS SETUP MATTERS
Gold is at a crossroads! The tight consolidation suggests big players are accumulating positions. When this range breaks, expect explosive movement in either direction.
Smart Money Clues:
* Multiple tests of PWL = Strong support
* 4H FVG above = Price magnet effect
* Low volume = Calm before the storm
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📊 MARKET CONTEXT
* Dollar Weakness: Could fuel gold rally
* Economic Uncertainty: Safe haven demand
* Technical Setup: Clean breakout pattern
* Timeframe: Perfect for swing trades
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🎯 MY VERDICT
Gold is COILED and ready to EXPLODE!
The setup favors the bullish scenario due to:
✅ Strong support holding at PWL
✅ 4H FVG acting as price magnet
✅ Multiple failed attempts to break lower
✅ Overall uptrend structure intact
But remember: Respect the levels and trade the breakout, not your bias!
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🚨 ACTION ITEMS
1. Set Alerts: \$3,298 (bull trigger) & \$3,245 (bear trigger)
2. Watch Volume: Breakouts need confirmation
3. Be Patient: Wait for clean breaks
4. Have Both Plans: Ready for either direction
---
Trade Smart, Stay Safe! 🥇💰
The market rewards patience and punishes impatience.
Gold Monday opening operation strategyThe market is changing rapidly, and following the trend is the best way. When the trend comes, just do it, don't buy against the trend, so as not to suffer. Remember not to act on impulse when trading. The market is good for all kinds of dissatisfaction, so you must not hold orders. I believe many people have experienced it deeply. The more you resist, the more panic you will panic, and the floating losses will continue to magnify, making you eat and sleep poorly, and miss many opportunities in vain.
The non-agricultural data of gold on Friday was mainly volatile during the day. After opening at 3354 and rushing to the highest level of 3375, it was under pressure and started a volatile downward mode. During the day, we also made several long orders near 50-53 below and took profits. In the evening, the non-agricultural data was negative, and gold did not fall immediately, but fluctuated for a period of time and rebounded to the highest level of 3363 before starting to fall. Gold closed upside down this week. From a technical point of view, it should be mainly rebounded and shorted next week. Pay attention to the low point of 3298 this week. Once this position is effectively broken, it is estimated to go to around 3263-70. If the 3298 line is not broken, the market still has room for rebound. The daily line was blocked and fell back at 3375 yesterday. It fell to 3307 at midnight on Saturday. The short position is still strong. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate!
From the 4-hour analysis, gold will focus on the support of 3296-3300 at the opening of next week. Pay attention to the short-term suppression of 3338-45 above. In the middle position, watch more and move less and be cautious to chase orders, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Gold rebounds to 3320-25 line, and rebounds to 3338-45 line to cover the short position, stop loss 3353, target 3295-3306 line, and continue to hold if it breaks.
XAUUSD Expecting Bullish movementKey Elements & Analysis
1 Previous Price Action
Descending Channel: Highlighted in dark blue indicating a strong bearish trend leading into the present
Previous Ascending Channel A prior short-term bullish correction flag formation before continuing the downtrend
2 Support Zone
A red rectangular zone at the bottom marks a strong support level where price recently bounced suggesting possible demand
3 Projected Price Movement Yellow Path
A W-shaped bullish reversal pattern is forecasted indicating a potential recovery
The movement is expected in 3 phases
Initial bounce from the support zone
Minor pullback
Continuation of the uptrend to the target zone
4 Target Levels
Level Initial Resistance 3326
Level Next Resistance 3345
Main Target 3362 marked in green with a label representing the anticipated bullish target
XAU/USD.. 4h chart pattern..Here's a structured breakdown of MY Gold (XAU/USD) trade setup:
XAU/USD (Gold) Buy Setup
Entry (Buy): 3350
Stop Loss: (not specified – important to manage risk)
Targets:
🎯 1st Target: 3435
🎯 2nd Target: 3505
Potential Gain
To 1st Target: 3435 − 3350 = +85 points
To 2nd Target: 3505 − 3350 = +155 points
✅ Recommendations:
Stop Loss: You should define a stop loss — consider placing it below a recent support level (e.g., 3315 or 3290), depending on your risk tolerance and time frame.
Risk-Reward: Without a stop loss, R:R can't be calculated, but both targets offer solid profit potential if momentum continues upward.
Confirmation: Look for bullish candlestick patterns, strong volume, or support at 3350 before entering.
Partial Profit-Taking: Consider locking in profits at 3435 and trailing your stop to reduce risk on the remainder.
[20250607] This Week - Gold-ie-fornia Glitters: Simply No EscapeGold’s Update
Gold-ie-fornia Glitters: Simply No Escape
🔥 The golden battlefield is set. Some will navigate with precision. Others will chase shadows. Institutions have laid their traps, and the prey never sees it coming. Will you?
The stage is set. The market is unfolding in precise, calculated sequences , leaving no room for hopium and assumptions —only for those who can read the reality beneath the illusions .
📌 Market Structure Breakdown – Chronology of Events (Anticipation-Based Perspective)
1️⃣ Bulls' Entrapment – Bulls trust golden illusions, believing their ground is secure—but it isn’t. Institutions lure them in, setting the perfect conditions for deep positioning and offloading .
2️⃣ Bears' First Break – Testing 3325-3316 – This level was previously a support but has only recently broken down . Before a full transition into bearish control , a retest is anticipated — response at this zone will determine the next move .
➤ Key Confluence Zone – 3305-3302:
3305 Dynamic True Value → Institutional equilibrium price level.
3302 Immediate VWAP of ATH Swing → Large player VWAP anchoring from All-Time High movement .
3️⃣ Berlin’s Wall Challenge – 3275-3285 – If bears successfully break below 3325-3316 , the next major challenge awaits at Berlin’s Wall . Bulls may attempt a last stand here, while institutions assess liquidity flow.
4️⃣ Wilderness Entry – Below 3242-3228 – Breaking below this zone suggests entry into the wilderness , but freedom here is deceptive . Institutional liquidity traps are expected to emerge , targeting bears' response.
5️⃣ Bear's Survival Phase – 3179-3202 – Institutional poachers are likely to engage here , harvesting liquidity with steel traps and spike-laden snares . Bears must respond strategically , anticipating resistance before advancing further.
📌 This synopsis sets the stage for the unfolding battle —where illusion meets reality, where survival depends not just on movement, but on strategy, patience, and foresight .
Now, let’s dive deeper into the story , breaking down each phase, uncovering where liquidity hides , and analyzing the critical decisions traders must make before the market forces their hand .
Bull’s Self-Inflicted Entrapment
Blind to the ripe conditions for institutional deep positioning and offloading , bulls trusted an illusion , charging forward without recognizing the trap. The recent high at 3403 was never a gateway to further gains —instead, it reversed sharply, plunging nearly 100 points to 3305 .
Had they kept an open mind , they might have read my previous analysis— mapped and marked with precision —instead of walking into this conundrum unprepared. Click--> Full read here
What’s Next? Bear’s Stage is Set.
The coming week belongs to the bears , but survival depends on more than instinct. Heightened senses will dictate their fate.
Breaking the Bull’s Stronghold & Berlin’s Wall
Before bears can roam free, they must first break through the perimeter of the Bull’s stronghold —the 3325-3316 zone .
This is the fortified defense line , the place where bulls still hold ground. A decisive push below this level would force them to retreat, exposing Berlin’s Wall (3275-3285) —the last major barrier before true liberation.
✔ If bears break through Berlin’s Wall , they step into the wilderness , but this isn’t a free passage—it’s a hidden battleground of institutional traps , set by the large-scale poachers hunting for bear liquidity.
📌 Actionable Strategies & How to Navigate the Coming Week
Having mapped out the sequence of market events , let's shift focus to execution — how traders can position effectively, anticipate moves, and avoid institutional liquidity traps .
Key Strategy Guidelines for Bears
✔ Identify Major Battle Zones
3325-3316 → A recent breakdown that requires a retest for confirmation.
3275-3285 (Berlin’s Wall) → The critical hurdle before true liberation .
3242-3228 → Bears may see an open path, but institutions lie in wait, setting traps .
✔ Watch Institutional Defense Mechanisms
VWAP 3277 → Key liquidity defense zone.
Sentiment Fib 3272-3264 → Large players may attempt reversal positioning.
Dynamic True Value 3267 → Hidden liquidity pool where bears must tread carefully.
✔ Strategic Positioning for Risk Management
Partial exits at key zones → Secure gains before potential reversals.
Re-entry confirmations → Wait for strong level acceptance before scaling further .
Keep flexibility → The market moves in phases—respond, but never force trades.
Final Words for the Coming Week:
Be the apex predator , not the reckless prey. Fight smart. Stay vigilant. Conserve energy for the strikes that matter . Gather your berries, honey, and fishes along the way— survival depends on it.
Not all who enter this cycle will escape . The reckless will chase mirages , while those who master the art of precision will find their way to the hibernation chamber.
Chart Snapshots for guide:
Fibonacci Levels:
Dynamic True Value – refer to the indicates level on chart:
M15
M45
2H
4H TF
Daily
Weekly
Liquidity Zone – map these levels:
3371-3378
3316-3325
3299-3307
3275-3285
3200-3120
VWAP – Price magnet or Institutional Favor zone – refer the yellow line:
Value of May’s recent low
Most recent April’s Low
ATH
Snapshot ALL
Gold fell as I expected!
From the daily level, gold is in a high-level consolidation since the peak at 3500. The current highs of 3500, 3435, and 3403 are gradually moving down, and the lows of 3120, 3245, and 3293 are gradually rising. The range of consolidation is gradually narrowing, and the Bollinger Bands are flat again, indicating that the current market is in a stalemate, and it is difficult to have a breakthrough momentum. The MACD indicator is blunt, and the technical side lacks trend opportunities. The short-term market may continue to fluctuate. If it breaks, it needs to wait for major news to stimulate the breakthrough direction. In terms of operation, it is recommended to treat it as a high-altitude, low-multiple consolidation, mainly short-term or ultra-short-term, and do not chase the rise and fall before the range is effectively broken.
Gold strategy: It is recommended to go short in batches at 3328-3335 in the Asian session, and the target is 3317-3307;
Friends who doubt my analysis can take a look at the ideas I posted before!