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Gold still has the risk of adjustment in the short termAnalysis of gold market trend: From the daily level, gold rose strongly during the trading session on Tuesday, touched the key price of 3500, then fell under pressure and finally closed with a negative line. This trend of rising and falling shows that the selling pressure from above is heavy, and the bulls are strongly blocked by the bears at high levels. Then, gold continued to fall on Wednesday and closed with a negative line again, forming a technical pattern of two consecutive negative lines. This continuous decline further confirms that the short-term bears are dominant. From the 4-hour gold chart, the gold price has maintained a fluctuating decline since it was under pressure at the 3500 line. The current price has fallen back to the 3260 line at its lowest, and the short-term decline has reached 240 US dollars. Although there has been a rebound during the day, the upward trend has been destroyed. The MACD indicator double line has issued a dead cross change signal, suggesting that the callback trend may have started. Pay attention to the pressure effect of the 3368 line during the day. For the current market, the rebound is just a flash in the pan, and it rebounded sharply again, reaching the highest point near 3367 and then retreated. It is currently maintained near 3330. In fact, the market is actually at a loss for long and short positions, and is simply unable to withstand its huge shocks. For the Asian session's highs and falls, we support it according to the shock retracement. For example, if the European session rebounds again near 3358-60, we will continue to try to short, with the target at 3320-10, and a loss of 3370. The market amplitude is so drastic that I need to strictly implement good operating habits, try with a light position, strictly stop loss, and don't have a fluke mentality! On the whole, today's short-term operation strategy for gold is to rebound and short, supplemented by callbacks. The short-term focus on the upper side is 3368-3370, and the short-term focus on the lower side is 3260-3285. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by TP_Daniel1
GOLD GOLD Key Drivers This Week Central Bank Buying: Ongoing strong demand from central banks, especially in emerging markets, continues to underpin gold’s rally. Geopolitical Uncertainty: Persistent global tensions and trade disputes are keeping safe-haven demand elevated. Interest Rate Outlook: Markets expect U.S. interest rates to remain steady or decline, which supports gold by reducing the opportunity cost of holding non-yielding assets. Market Volatility: High volatility in equity markets is driving investors toward gold as a defensive asset.
FX:XAUUSDLong
by Shavyfxhub
1
Gold ended successfully, Where will the market go next week?The idea of ​​keeping gold short at a high level is that after the winning streak of gold ended, gold continued to fluctuate in a narrow range. If there is no opportunity, then it will end early and rest. After all, it is Friday. After a hard week, it is time to rest. The news on the weekend has changed a lot, and it is full of uncertainty. Gold rebounded again in the second half of the night, which seems to be strong, but has gold reversed? It is too early to say now. The 1-hour moving average of gold continues to be short, but after gold bottomed out at the first-line support near 3265, gold rebounded by more than 50 US dollars. Is this rebound a reversal? Not necessarily, because now it basically fluctuates by about 100 US dollars every day, and it is hard to say that a rebound of 50 US dollars is a reversal. The strength of next week is the key. If the rebound of gold next week is not very strong, then gold will still fluctuate and be short. The resistance of the 1-hour moving average above gold is near 3354, and the top of the negative line of gold on Friday is near 3352. If there is no effective breakthrough of these two positions next week, it will still be a fluctuating and short trend. The weekly line of gold is also a shooting star with a long upper shadow at a high level. If there is no big bullish news to support gold in the short term, gold will be under pressure at a high level in the short term, and the daily line is also down from a high level without a strong counterattack. On the whole, there is still room for adjustment in the short term for gold. The market is changing rapidly and confusing. Sometimes we cannot be confused by the illusion in front of us. Only by not being afraid of the clouds blocking our eyes can we see clearly behind the market. Before gold reverses, it is still bearish in the short term. It is light to follow the trend and messy to go against the trend. The market is always right. Going against the market will eventually be taught a lesson by the market. Don't have any fluke mentality in the face of the trend. The market will not forgive your mistakes again and again. Next week's operation ideas: short gold 3350-60, target 3310-3300;
OANDA:XAUUSDShort
by TP_Daniel5
Market trend analysis and unique operation layoutTechnical analysis of gold: From the performance of the daily chart, the recent trend of gold prices has shown a high consolidation trend, and there has been a significant correction from the high point near $3,500. After hitting the low point of the week, the gold price rebounded to a certain extent, but the rebound strength was blocked near the 23.6% Fibonacci retracement level (about $3,368-3,370), which has now become an important short-term resistance. Today's opening trend of the gold market is like yesterday. The upward mode started during the Asian session, rising all the way to around $3,370, but encountered strong resistance here, and then turned downward and started a decline. It is worth noting that today's gold price not only failed to break through this key resistance level, but also fell below the low point hit by yesterday's European and American sessions, and rebounded after the lowest point fell to $3,265. In view of the important trend of gold prices breaking down key points, the subsequent market is likely to consider the idea of ​​​​swinging and shorting. From the current market structure, the position of $3,260 has become the focus of the market, and investors need to pay close attention to whether the gold price can reach or even fall below this point. Once it effectively breaks, the bearish trend will be further strengthened, and the market may usher in a deeper adjustment. From the 4-hour chart, the intraday rebound is under pressure from the middle track downward. At present, the K-line has returned to run below the moving average. The short-term trend is bearish. The market may further test the support near the lower track 3260. The short-term upper pressure focuses on the pressure near 3315, which is near the ma5 moving average. Above it is the pressure near the middle track currently moving down to 3338. Relying on these two pressures, there is still room for further decline in the short term, pointing to the previous day's low of 3260, so you can try to buy the bottom with a light position for the first time. On the whole, today's short-term operation strategy for gold is to focus on long positions on pullbacks and short positions on rebounds. The upper short-term focus is on the 3315-3320 line of resistance, and the lower short-term focus is on the 3265-3260 line of support. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by TP_Daniel1
Gold once fell below the 3,300 mark, can it rise again? 📌 Driving Event Spot gold (XAU/USD) once fell below the 3,300 US dollar mark, a significant correction from the previous historical high of nearly 3,500 US dollars. The market's risk appetite has increased, making the attractiveness of safe-haven assets weakened in the short term. However, repeated news about the direction of US policy and the Fed Chairman's movements may still affect the market in the medium and long term. 📊Comment Analysis From the perspective of market sentiment, the strong rise in gold prices in the early stage mainly relied on safe-haven demand and speculation about subsequent monetary easing. However, the short-term trend has led to some profit-taking in safe-haven assets due to the recovery of the equity market. This change in sentiment reflects the current market's optimism and caution about the US macroeconomic environment: once risk appetite weakens again, gold may be supported again; if risk appetite continues to rise, gold prices may continue to retreat. Overall, the market is in a state of repeated game, and sudden news can easily lead to large fluctuations in gold prices, and we need to continue to pay attention to the evolution of risk sentiment. ✅ Outlook for the future Short-term outlook: In the case of short-term technical continuation signals, gold prices may remain weak, and the support around $3,300 and $3,230.00 is worth paying attention to. If volatility further increases, it is not ruled out that prices will rebound quickly or bottom out rapidly. Medium- and long-term outlook: The upward structure at the daily level has not been completely destroyed. If the uncertainty of US policies increases or economic data is weak in the future, it will once again drive the recovery of safe-haven demand. Gold prices may still regain their upward momentum and hit $3,500 or even higher. On the contrary, if the equity market continues to strengthen, gold prices will face deeper correction pressure. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose a lot size 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
2
#XAUUSD 1H ANALYSISXAUUSD 1H Supply & Demand Analysis In this analysis we're focusing on 1H time frame, for finding upcoming movement and changes in Gold prices. Price action shows a clear bearish structure following a strong upside move that was met with resistance near the 3370–3380 supply zone. After two Breaks of Structure (BOS), price is retracing toward a premium level where supply is expected to be reactivated. Marked areas: 🔴 Supply Zone: 3370–3380 (potential short-entry zone) 🔵 Demand Zone: 3260–3290 (reversal or TP zone) Target 1: 3315 Target 2: 3305 Target 3: 3292 This setup suggests an ideal Sell from Supply once price reacts and confirms bearish intent with internal structure shifts. Patience is key wait for price to tap the zone and show signs of weakness before entering. Confirmation is very important. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis not financial advice. #GOLD 1H Technical Analysis Expected Move.
OANDA:XAUUSDShort
by TradeTacticsreal
Oscillating downward! The bearish trend is beginning to emerge!【Gold Analysis】 Interpretation of news: The current market presents a "three-legged" pattern: First, the uncertainty of the trade war. If the US insists on imposing new tariffs, the gold price may hit the $3,500 mark again; second, the suspense of the Fed's policy. Whether the May meeting will release a signal of interest rate cuts will become a key turning point; finally, the trend of the US dollar. If subsequent economic data continues to deteriorate, the US dollar index may fall below the 99 integer mark. The current gold market is caught in a fierce game of long and short factors. In terms of the trade war, the situation is not as good as Trump's remarks. The Asian giant issued a solemn statement on Thursday, emphasizing that if the US is sincere about solving the problem, all unilateral tariffs should be immediately cancelled. This statement is in sharp contrast to the "negotiation signal" recently released by the White House, making the trade outlook more confusing. The current market sentiment is cautiously optimistic. On the one hand, Finance Minister Bensont's statement that the trade confrontation may continue has triggered a rise in risk aversion; on the other hand, the expectation that the Fed may cut interest rates has provided fundamental support for gold. This complex psychology is the main reason why the price of gold fluctuates in the range of 3260-3500 US dollars. There is one last trading day this week. Let's see how this week ends. From the daily chart of gold, after the exaggerated reversal in the middle of the week, the current price of gold has not only lost the important support of 3350, but also formed an obvious bearish evening star in terms of shape, which means that there may be further correction space in the future. In addition, at this stage, the short-term moving averages MA5 and MA10 have been broken one after another, so it is not ruled out that they will continue to move closer to MA20, but their position is still below 3200. From the 4-hour chart of gold, although it once fell nearly 200 US dollars from the high, the price of gold gradually stood firm yesterday and began to fluctuate and rebound. It has now returned to above 3270. However, given that the moving average group is in a sticky state and the MACD indicator is adjusted to near the 0 axis, the short-term long and short competition may become more intense. Therefore, it is recommended to keep selling high and buying low as the main strategy, which is more stable. Pay attention to the resistance of 3370-3375 on the top and the support of 3285-3280 on the bottom; Investment strategy: short gold at 3310-3320, target 3265.
OANDA:XAUUSDShort
by TP_Daniel5
The Golden Code: Unlocking the Markets with Fibonacci Sequence “Mathematics is the language in which God has written the universe.” – Galileo Galilei If this is true, then the Fibonacci sequence is the poetry of that language, especially in trading. 📚 What is Fibonacci? Why Should Traders Care? Fibonacci is more than just a sequence of numbers — it’s a universal law of growth and proportion. From galaxies to sunflowers, and now to the charts on your TradingView screen, Fibonacci is everywhere. In trading, Fibonacci retracement levels are used to identify potential reversal zones, where price is likely to bounce or stall, making it one of the most powerful tools in a trader’s arsenal. But few truly understand its depth, and fewer still use it intelligently. Let’s dive into the power of the Fibonacci sequence, how it influences retracements, and how you can use it to your trading advantage, whether you’re a scalper, swing trader, or position trader. 🧠 The Fibonacci Sequence: Where It All Begins The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, ... Some Math somebody? Take your seats and calculators away! 😂😂 📉 Fibonacci Retracement Levels & How They're Calculated These levels are percentages based on relationships between Fibonacci numbers. ✅ 0.236 (23.6%) Divide a number by the one three places ahead: Example: 13 ÷ 55 = 0.236 Another: 21 ÷ 89 = 0.236 ✅ 0.382 (38.2%) Divide a number by the one two places ahead: Example: 21 ÷ 55 = 0.382 Another: 34 ÷ 89 = 0.382 ✅ 0.500 (50.0%) Not directly from Fibonacci, but commonly used due to psychological midpoint in markets. ✅ 0.618 (61.8%) – The Golden Ratio Divide a number by the next number: Example: 34 ÷ 55 = 0.618 Another: 55 ÷ 89 = 0.618 This is the famous Golden Ratio, which appears in nature, art, and financial markets. ✅ 0.786 (78.6%) Derived from the square root of 0.618: √0.618 = 0.786 📈 Fibonacci Extension Levels & How They're Calculated Extensions project price targets beyond the retracement. ✅ 1.000 (100%) A full projection of the original move. ✅ 1.272 (127.2%) Square root of 1.618: √1.618 = 1.272 ✅ 1.618 (161.8%) – The Golden Extension Divide a number by the previous one: Example: 55 ÷ 34 = 1.618 Another: 89 ÷ 55 = 1.618 ✅ 2.000 (200%) A full double of the original move. ✅ 2.618 (261.8%) 1.618 + 1.000 = 2.618 This creates ratios that are found in nature, architecture, music, and, yes, price movements. 🔍 Fibonacci Retracement: Mapping Pullbacks with Precision When price moves impulsively in one direction, it often retraces a portion of that move before continuing in the same direction. Fibonacci retracement is used to map this pullback. Here’s how traders use it: Identify a clear impulsive move (either bullish or bearish). Plot the Fibonacci retracement tool from swing low to swing high (for bullish moves), or from swing high to swing low (for bearish moves). Watch how price reacts around key levels: 38.2% = Shallow pullback 50% = Midpoint (psychological) 61.8% = Golden Zone 78.6% = Deep retracement (but still valid) 🔥 Pro Tip: Most institutional traders love the 61.8% retracement, often placing hidden liquidity and traps around that area. 🔄 Fibonacci Extensions: Predicting Take-Profit Zones Once price retraces and continues its trend, Fibonacci extensions help identify possible target zones: Common extension levels: 1.272 1.618 → Golden Target 2.000 2.618 For example: After a bullish retracement to 61.8%, price often rallies to 1.272 or 1.618 extensions, making these ideal profit-taking zones. 🔄 Real-Life Market Behavior: Fibonacci in Price Action Let’s take a real example: 🟨 Example: XAU/USD Bearish Retracement Impulsive rally from $2,832.99 to $2,930.77. Price pulls back to $2,880 – exactly at the 50% Fibonacci retracement. Followed by a strong continuation to the upside. Price reach for the 127.20% and beyond to 161.80% Fibonacci extension of the original rally before pausing for some times — textbook Fibonacci behavior. 💡 This isn’t magic. It’s structure, order, and smart money playing on the same field. 🧬 Fibonacci + Confluence = Confirmation Fibonacci works best when combined with other tools: Support/Resistance Order Blocks Imbalances Trendlines Candlestick Patterns ✅ A 61.8% retracement + bullish order block + bullish engulfing = a high-probability long setup. ✅ A 78.6% retracement + unfilled imbalance = possible stop-hunt trap or liquidity grab. 🧠 Fibonacci Psychology: Why It Works Fibonacci works because it reflects natural human behavior: Fear and greed create overextensions and pullbacks. Traders place stops and entries near these key ratios, causing self-fulfilling reactions. Algorithms and institutional models often base trade entries on Fibonacci confluences. 💥 Common Mistakes Traders Make ❌ Using Fibonacci on every small swing – noise, not signal ❌ Forcing the retracement tool to “fit” your bias ❌ Ignoring higher time frame structure ❌ Using Fibonacci alone without confluence Remember: Fibonacci is a guide, not a guarantee. 📈 How to Trade with Fibonacci (Step-by-Step) First, identify market structure (trending or ranging). Second, mark swing high and swing low. Third, plot retracement tool accordingly. Fourth, look for confluence zones: 38.2%, 50%, 61.8%... Price action signals (e.g., pin bars, engulfing) Institutional concepts (order blocks, imbalances) Enter with confirmation, not just based on levels. Set stop loss below/above structure or 78.6% line. Target extension levels or previous high/low. 🌀 Fibonacci in Different Trading Styles Scalpers Use Fibonacci on 1min–5min timeframes to catch micro pullbacks and entries. Swing Traders Use Fib retracements from daily or 4H structure to plot entries and targets. Position Traders Use weekly/monthly Fibonacci zones for macro views and long-term targets. 🧠 Final Thoughts: Fibonacci Is Structure, Not Sorcery The Fibonacci sequence is a map of order in a chaotic world. In trading, it helps bring discipline, clarity, and precision. It’s not about being right every time, it’s about stacking probabilities in your favor. 🧭 Ready to Master Fibonacci? If you’ve read this far, drop your thoughts in the comments and share your favorite Fibonacci setup! Let’s build a community of traders who use mathematics and structure, not hope and guesswork. Follow for more educational breakdowns, trading insights, and strategy walkthroughs — posted weekly.
CAPITALCOM:GOLDEducation
by AmaWina
Golden three-game winning streak, next week’s market?Gold's 1-hour moving average continues to be short, but after gold bottomed out at first-line support near 3265, gold rebounded to more than 50 US dollars. So is this rebound a reversal? Not sure yet, because the fluctuations are basically around 100 US dollars every day, and a rebound of 50 US dollars can hardly be called a reversal. The strength of next week is the key. If gold does not rebound very strongly next week, then gold will still fluctuate and be bearish. The resistance of the 1-hour moving average above gold is near 3354, and the top of the negative line of gold on Friday is near 3352. If there is no effective breakthrough of these two positions next week, it will still be a fluctuating and bearish trend.
TVC:GOLD
by Fortune-signal
Buy gold, gold is expected to rebound to the 3330-3335 zoneFundamentals: 1. First, pay attention to the dynamics of Trump and the Federal Reserve; 2. Pay attention to whether the geopolitical conflicts will escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran. Technical aspects: Gold rebounded and tested the area near 3353, then encountered resistance and fell back. During the decline, it stopped falling near 3305, and in the short-term structure, a triple bottom structure and an arc bottom pattern were constructed around the price of "3308-3305-3308", proving that in the 3310-3305 area, there is a large amount of buying funds entering the market in the short term; in addition, before the NFP market, it is difficult for gold to form a unilateral trend, and overall gold is still in a state of shock. Short-term trading strategy: It is possible to consider buying gold in batches in the 3315-3305 zone; TP: 3330-33340 OANDA:XAUUSD FOREXCOM:XAUUSD FOREXCOM:XAUUSD FOREXCOM:XAUUSD TVC:DXY
OANDA:XAUUSDLong
by Steffen_Schade
Gold price remains volatile at 3,300, short-term operation 💹Fundamental analysis Fed officials have hinted at an openness to possible rate cuts, a stance that could limit further gains in the U.S. dollar (USD) and provide support for non-yielding gold prices. In addition, growing concerns about the economic impact of President Donald Trump's aggressive tariff measures, coupled with ongoing geopolitical instability, continue to enhance the appeal of safe-haven assets. In this environment, the overall trend of gold remains biased to the upside, prompting traders to remain cautious when considering bold shorts. 📊Comment Analysis Continue to consolidate, the price range fluctuates around 3300 💰Strategy Package Long position: Actively participate at 3282 points, profit target around 3320 points Short position: Actively participate around 3320 points, profit target around 3300 points ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 5-10% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
1
Next Gold Support at $3,226 - Major Breakout Incoming?!🧠 GoldThesis Gold is coiling into a textbook symmetrical triangle — right on the 0.5 Fib retracement level (~$3,226) from its $3,496 top. Price action is compressing fast, and a major breakout looks imminent within days. The RSI is hovering in the low 30s, signaling that the downside may be reaching exhaustion. 🔍 Technical Breakdown Pattern: Symmetrical triangle forming, squeezing toward apex (end of April). Fib Levels: 0.618 = $3,289 (rejection confirmed) 0.5 = $3,226 (current support zone) 0.382 = $3,162 (next support if breakdown confirms) Volume: Decreasing — classic compression before expansion. RSI (14): 33 — near oversold territory. Could be setting up a bullish divergence if price sweeps lows. Volatility: Dangerously quiet... for now. 🟩 Bullish Case If price holds $3,226 and breaks triangle resistance around ~$3,300, we could see fast movement to retest $3,380 (Fib 0.786) and eventually $3,496 ATH. RSI reversal + volume surge = likely breakout trigger. 🟥 Bearish Case Failure to hold $3,226 or $3,162 sends price to $3,083 (Fib 0.236) or lower. Bear trap possible near ~$3,150 if liquidity is swept. 🚨 My Plan Waiting for triangle resolution. Long above $3,300 breakout retest with SL below $3,226. Short below $3,162 confirmation with tight invalidation. ⚔️ Final Word The triangle is almost full — this is the calm before the storm. Whether gold rallies back to ATH or dumps to shakeout late longs depends on how this coil resolves. Get ready, the move will be violent.
OANDA:XAUUSDShort
by GoldenThesis
XAUUSD XAU/USD refers to the exchange rate between gold (XAU) and the U.S. dollar (USD). It shows how much one ounce of gold is worth in U.S. dollars. Investors and traders often use this pair to track the price of gold in relation to the strength or weakness of the U.S. dollar. Gold is seen as a safe-haven asset, so its price tends to rise when there is economic uncertainty or a decline in the value of the dollar. On the other hand, when the dollar strengthens or global economic conditions are stable, the price of gold may decrease.
ICMARKETS:XAUUSDLong
by HavalMamar
Gold - XAUUSD- Symmetrical TriangleGold consolidates within a symmetrical triangle after a strong bullish rally and a sharp correction. The price is nearing the triangle's apex, suggesting a major breakout or breakdown. The structure shows sellers consistently pushing lower highs, while buyers are holding the same support zone around 3260–3270. This indicates compression, with volatility likely to expand soon. Bullish Breakout: A clean breakout above the descending trendline and retest could trigger a rally toward 3360, 3420, and even 3480. Bearish Breakdown: A failure to hold the horizontal support could lead to a sharp drop toward 3190, 3100, and potentially 3000.
CAPITALCOM:GOLD
by MasoodAnsari
GOLD BUY The overheated Gold rally looks to be in need of some further cooling. Traders look to be buying into the rumors that a trade deal between the US and China could come very soon, despite China coming out contradicting those rumors. The risk here could be that markets are misinterpreting the US semantic on whether they are “talking” or “negotiating”, and that no deal is done anytime soon with possibly a revisit to $3,500 Looking at technical levels, the daily Pivot Point at $3,335 is the first upside and intraday level that needs to be reclaimed. The R1 intraday resistance saw a small attempt for a test in very early opening this Friday, coming in around $3,381. Further up, Gold price could extend the rally to the R2 resistance at $3,414, surpassing the $3,400 handle.
FXOPEN:XAUUSDShort
by JEFF_FX557
GOLD Analysis (April 26, 2025) - 2 hours, weekly & MonthlyChart 1: 2-Hour Chart (Short-Term View) Pattern Observed: Clear Elliott Wave structure identified. Wave ①, ②, ③, and ④ are completed. Currently in Wave ⑤ (ongoing impulsive up move). Current Setup: Wave ⑤ has started and appears to be very impulsive. The target for Wave ⑤ is near $3600 zone. Expect a sharp upside move toward $3600 in coming sessions (possibly within next 1–2 weeks). Important Note: Since Wave ⑤ is impulsive, price may move very fast with little retracements. Strategy: Short-term bullish until $3600 is reached. After completing ⑤, expect a strong and sharp correction downward. Chart 2: Weekly Chart (Medium-Term View) Pattern Observed: Weekly candle has formed a long-legged inverted hammer, almost like a high wave spinning top. This is a warning sign indicating strong indecision and possible trend exhaustion. Interpretation: Weekly structure is signaling that GOLD is losing strength at higher levels. There is hesitation for further continuation of the uptrend. After a small last push (likely completing the final Wave ⑤), there are high chances of a bigger retracement. Strategy: Watch closely how next week’s candle forms. If next week closes weakly or forms a bearish pattern (like bearish engulfing), expect bigger fall. Chart 3: Monthly Chart (Long-Term View) Pattern Observed: Monthly chart shows momentum loss at top. AO (Awesome Oscillator) indicator is flattening after a massive upmove. Momentum divergence starting to appear (price made higher high, AO showing flattening/slightly diverging). Interpretation: GOLD is still strong, but momentum is clearly reducing at the top. If GOLD touches $3600 next month and fails to sustain, a big red monthly candle can form. This could mark the start of a medium-term bearish phase (several months correction). Strategy: Next month (May 2025) is extremely critical for GOLD’s major trend decision. If a red candle forms in May after touching $3600, it could trigger a multi-month downward correction. Conclusion: In the short term (next few days), GOLD likely continues to rally towards $3600. Next 2–3 weeks are critical — observe if reversal signs appear near $3600. May 2025 is very important: A monthly red candle after touching $3600 can confirm a bigger downward correction. If correction starts, it will likely be sharp and deep, matching the intensity of the 5th wave up. Disclaimer: This analysis is for educational purposes only and not a financial advice. Trading involves risk. Please consult your financial advisor before making trading decisions.
CAPITALCOM:GOLDShort
by shiva560060