GOD BUY GREAT TUESDAY
Greetings traders this is my analysis on gold and its a long for buy
Technical analysis of gold
informatoin ; Head and Shoulders
this pattern is now even more clearly presented with.
Head_ a higher peak (higher high)
Left shoulder_a weaker atempt recover , which confirms the loss of bullish strength
Usually, such a pattern is followed by a corrective move downwards (which has already been partially see)
potential trend change zone
Highlighted support in zone
3345_3325 usd _very imortant for confirming the bullish scenario.
the shown ''bounce zone'' suggests a possible purchase if the price bounces from this area
predicted path expected
fall to support (around 3345_3325 USD
Conclusion and strategy
Scenario 1(main) buy zone between 3357 3335 if price action signal is seen (pin bar engulfing
TARGET 3500+
Stoploss: Bellow 3300 support
Scenario2 (riskier) : If price does not bounce from that zone possible further deepening towards 3250 3215
Dear Traders like comment let me know what do you think
XAUUSD trade ideas
GOLD Will Go Up! Long!
Take a look at our analysis for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,388.78.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,436.70 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Swing Trading/XAUUSDband trading strategy points out. XAUUSD can be bought on the left side, TP3330-3350.
Aggressive traders can buy at the current price. Conservative traders can wait until the price retreats to around 3300 or below before buying.
The Swing Trading Strategy Center continues to announce trading opportunities. Stay tuned.
Gold (XAUUSD) - Bullish Breakout from Bearish Pennant | 4H ChartTechnical Analysis: On the 4-hour chart, Gold has completed a bullish breakout from a Bearish Pennant formation, defying its typical continuation pattern to the downside. This breakout is supported by a strong bullish candlestick close above both the pennant's upper boundary and the Ichimoku Cloud, indicating a potential trend reversal and shift in momentum.
Key Highlights:
Pattern: Bearish Pennant invalidated with bullish breakout.
Breakout Confirmation: Price closed above the upper resistance trendline and Ichimoku cloud.
Next Resistance Zone: Targeting 3,362 – 3,381 based on the measured move and price structure.
Support : Immediate support at 3,286 in case of a pullback.
Fundamental Context: Gold prices are rebounding amid renewed geopolitical concerns, weaker U.S. dollar performance, and increased central bank gold buying activity. This aligns with a short-term bullish narrative despite recent corrections. Any dovish signals from the Federal Reserve or weaker macroeconomic data could further fuel upward momentum.
Trend Outlook: Short-to-mid term trend is bullish following the breakout. Traders should look for bullish continuation signals and volume confirmation. A sustained move above 3,340 would further validate upside potential.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
GOLD SELL ANALYSIS The $3266:$3267 sell zone for gold likely refers to a resistance level or a strategic price point where investors or traders are inclined to sell. Several factors could contribute to this sell zone:
- *Resistance Levels*: $3266:$3267 might be a key resistance area, where gold prices have historically faced selling pressure or struggled to break through.
- *Technical Analysis*: Traders may be using technical indicators, such as moving averages, Relative Strength Index (RSI), or Bollinger Bands, to identify $3266:$3267 as a selling opportunity.
- *Market Sentiment*: Shifts in market sentiment, driven by news, economic data, or geopolitical events, could lead to increased selling pressure around $3266:$3267.
- *Profit-Taking*: Investors might be looking to take profits at $3266:$3267, especially if they've seen significant gains in gold
From Tulips to Tech: The Evolution of Financial Bubbles 🎯 Introduction:
financial/economic bubbles are a recurring theme in economic history, this is often when a particular financial asset goes to unrealistic price levels often making money for early investors but usually these high price levels do not match their fundamental value this is then followed by a large public participation who also want a piece of the pie eventually with the price collapsing or sharply declining blowing or living investors in a large financial loss..
From 17th-century tulip gardens to 21st-century crypto manias, one thing has remained constant: Humans never learn.
Every generation thinks this time is different — but the pattern of bubbles keeps repeating.
Here's the crash course in 400 years of financial euphoria, panic, and pain.
🧠 Section 1: 1637 — Tulip Mania 🌷
The original bubble.
In the Netherlands, rare tulip bulbs were worth more than houses.
Prices exploded... then collapsed 90% in a matter of weeks.
Lesson: Speculation + FOMO is not new. Humans were flipping flowers before they flipped crypto.
Mini Nerd Tip:
"When people stop caring about value and only care about price rising, watch out."
🧠 Section 2: 1720 — South Sea Bubble 📜
Britain’s South Sea Company promised massive profits trading with South America (but barely did any business).
Politicians and aristocrats pumped the stock price.
Collapsed spectacularly → ruined many fortunes (including Isaac Newton himself:
"I can calculate the motion of heavenly bodies, but not the madness of men.")
Mini Nerd Tip:
"If a bubble needs government help to stay alive, it's already dying."
🧠 Section 3: 1929 — Wall Street Crash 🏛️
Roaring 20s: endless optimism, cheap margin loans, "stocks only go up!"
1929: Stock market crashed, triggering the Great Depression.
People were buying stocks with 10% down and gambling recklessly.
Mini Nerd Tip:
"When leverage is everywhere, the smallest panic causes waterfalls."
🧠 Section 4: 2000 — Dotcom Bubble 💻
Everyone thought the internet would change everything (it did — but slower and differently).
Companies with no profits were valued in billions.
"Eyeballs" were treated as real revenue.
NASDAQ lost 78% from top to bottom.
Mini Nerd Tip:
"Innovation creates real value... but hype inflates fake value faster."
🧠 Section 5: 2008 — Housing Bubble 🏡
Banks handed out mortgages to anyone.
Financial engineering (CDOs, synthetic MBS) created the illusion of safety.
US housing prices collapsed → global financial crisis.
"Too Big to Fail" became the famous phrase.
Mini Nerd Tip:
"If everyone is getting rich easily, someone is lying or blind."
🧠 Section 6: 2017/2021 — Crypto & Meme Stocks 🚀
Gamestop, Dogecoin, NFTs, Shiba Inu — the wildest "everyone’s a genius" market since the 1920s.
Social media + free apps = amplified bubble speed.
Massive rises, insane collapses.
Mini Nerd Tip:
"Technology changes, human emotion doesn’t."
🧠 Final Section: Why Bubbles Will Never End
Greed, fear, and FOMO are timeless.
Every era dresses up bubbles in new clothes (flowers, sea companies, internet, crypto).
Smart traders understand this pattern — and use it to survive and thrive.
"**Bubbles don't pop because of bad assets. They pop because confidence disappears
put together by : Pako Phutietsile as @currencynerd
courtesy of : @TradingView
Gold 1H Outlook - XAUUSD May 4th 2025🔥 XAUUSD – H1 Outlook | May 4, 2025
Bias: ⚠ Short-term neutral to bearish — price reacting from a weak CHoCH + premium rejection.
Flow: Intraday trapped between 3240 demand and 3280–3300 supply. Next move decides the breakout.
🔎 Market Structure:
❗ Clean CHoCH + BOS sequence from 3285 → confirms bearish LTF momentum
🟠 Current HL attempt rejected off imbalance around 3268–3275
🔹 Structure still building under H4 LH (3315), supply remains in control unless flipped
🗝 Key H1 Levels (with confluence):
🔵 3233–3244 → Micro OB + FVG Support
🔄 Key short-term HL zone
⚡ RSI oversold bounce last touch
EMA5/21 zone → bounce risk
🟡 3268–3275 → FVG + OB + Last CHoCH Zone
🚩 This is the first sell POI
💧 Liquidity just above (equal highs)
Ideal for LTF short scalp if price rejects again
🔺 3288–3302 → H1–H4 Confluence Supply
🔥 Strong bearish OB + liquidity sweep area
🧱 Reaction zone for swing shorts (supply locked)
Confluence with premium fib retracement
🔻 3190–3200 → Extreme Demand Zone
🧲 Weak low + imbalance + discount OB
🔑 Watch for possible NY reversal trap if price collapses
💡 Plan:
We’re in the battlefield between weak HLs and greedy supply zones.
If 3275 rejects again → scalp sells back to 3240.
If 3240 fails → 3200 could be the "trap long" to flip everything.
🧠 Final Note:
Patience beats precision. Let the chart show its cards — no need to guess when liquidity does the talking.
🙏 Like this breakdown? Boost and follow us for sniper setups all week.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
#XAUUSD #GoldOutlook #SMC #LiquidityHunt #SmartMoneyFlow
[ TimeLine ] Gold 5-6 May 2025📅 Today is Friday, May 2, 2025
📌 Upcoming Signal Dates:
May 5, 2025 (Monday) or
May 5 & 6, 2025 (Monday & Tuesday)
🧠 Trading Plan & Notes:
✅ Gold has undergone a significant reversal of over 2000 pips, from its ATH of 3500 down to 3200
⚠️ If the upcoming Hi-Lo range is wide, consider reversal entries or setups based on Fibonacci retracement levels
✅ I will personally be trading both signals as part of my research and ongoing strategy
⚠️ If you're risk-averse or uncertain, it’s okay to skip the May 5–6 signals
📋 Execution Plan:
🔹 Wait for the price range from the selected candles to fully form (marked by green lines on the chart)
🔹 Entry will be triggered upon breakout, including a 60-pip buffer
🔹 If SL is hit, cut/switch and double the position on the next valid setup for potential recovery
📉📈 Chart Reference:
🔗 Copy & paste this code into TradingView URL: TV/x/C5zZyXar/
Gold market analysis referenceGold short-term operation strategy is to short on rebound and long on pullback. The upper short-term focus is on the 3370-3375 resistance line, and the lower short-term focus is on the 3280-3290 support line. Gold operation strategy reference: short (buy short) 20% of the position in batches when gold rebounds around 3365-3370, stop loss 10 points, target around 3330-3305, break to look at the 3290 line;
"Gold Under Pressure: Bearish Continuation Toward $3,200 Zone XAUUSD (Gold/USD) – 1H Chart
📊 Technical Analysis:
Chart Pattern:
The chart shows a clear bearish market structure, with successive lower highs and lower lows forming.
A bear flag or corrective structure broke to the downside, confirming bearish continuation.
There's a clear liquidity sweep near the resistance zone (red area) followed by a rejection, indicating strong seller presence.
Key Levels:
Resistance Zone: 3330–3345 (highlighted in red) – previous support turned resistance (confirmed by blue arrows).
Support Zone: 3202–3223 (highlighted in green) – price is projected to test this demand zone again.
Price Action:
Sharp rejection from the resistance zone with bearish engulfing candles suggests continued selling pressure.
A lower high was recently formed, hinting at a possible final push down to the green zone.
Short-Term Bias: Bearish
Entry: Around 3330–3340
Target: 3220–3205 zone
Stop Loss: Above 3345 (last swing high)
🌍 Fundamental Analysis:
US Economic Data:
Strong recent US employment numbers or hawkish Fed commentary could be strengthening the USD, pressuring gold.
Expectations of higher-for-longer interest rates weigh on non-yielding assets like gold.
Geopolitical Landscape:
Any cooling in geopolitical tensions or a shift away from safe-haven assets can cause further gold weakness.
Inflation Trends:
If inflation shows signs of easing in the US, Fed rate hike expectations decline—currently not the case, maintaining bearish pressure on gold.
DXY Correlation:
The U.S. Dollar Index (DXY) likely remains strong, which inversely affects gold’s value.
XAUUSD: 8/5 Today’s Market Analysis and StrategyGold technical analysis
4-hour chart resistance level 3410, support level 3310
1-hour chart resistance level 3380, support level 3310
30-minute chart resistance level 3350, support level 3320.
Trump said that he would hold a "large press conference" at 10 a.m. Eastern Time tomorrow, and may sign a trade agreement with the UK. Therefore, the news affected the gold price.
Russia implemented a ceasefire from 0:00 on May 8 to 0:00 on May 11 local time. The temporary ceasefire between Russia and Ukraine and the repeated situation in the Middle East may support the gold price in stages due to the risk aversion demand.
Recently, affected by the news, the daily operation range of gold is very large. Today, we will first look at the 3320-3360 range of fluctuations in the short term. If it breaks through, follow the trend and strictly stop loss!
Buy: 3323 SL: 3318
Sell: 3355 SL: 3360
More free analysis daily sharing
Gold technical analysis and trading strategy
Affected by the hawkish stance of the Federal Reserve and the strengthening of the US dollar, gold has been under pressure and fluctuated recently, but geopolitical risks and the news of Trump's upcoming "major trade agreement" have made market sentiment cautious. Some bulls chose to take profits in the Asian session, and the price fell from the highs, showing a long-short tug-of-war pattern on the technical side.
Technical structure analysis
Although the daily level has a top and bottom structure of long-short transformation, the price still holds steady at 3300, indicating that the medium-term trend has not weakened. The current price is running near the key neckline support, and the 3320-3300 area will become an important defense line for bulls, and the upper 3380-3400 constitutes short-term resistance. The hourly chart shows that the price fell below the lower edge of the previous trading day's oscillation box at 3370, the moving average system is arranged in a short position, and the MACD runs below the zero axis, and the short-term trend is weak. The European and American sessions need to focus on the breakthrough direction of the 3310-3365 range.
Operation strategy suggestions
Short-term trading:
If the price falls back to 3310-3315, try to buy with a light position, stop loss below 3299, target 3340-3350
Rebound to 3360-3365, short under pressure, stop loss above 3375, target 3330-3320
Trend layout:
If the price falls below 3300, short orders can be followed up to 3280-3260
If the price breaks through 3380 resistance, it is expected to restart the upward trend and test above 3400
Risk warning
Focus on the content of Trump's press conference in the evening. Any unexpected details of the trade agreement may cause drastic market fluctuations. It is recommended that traders strictly control their positions and do a good job of stop loss protection. The current market sentiment is sensitive, and the game between technical and news aspects is intensifying, so we need to remain flexible.
Will gold's decline continue?A big negative line closed, covering the previous positive lines, and broke the support of the 5-day and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock, the Bollinger middle rail is not broken, and it may rise again to 3430. Therefore, gold has experienced big ups and downs in this cycle, and now it is possible to rise or fall. In the short cycle, pay attention to the support effect of 3355 under weakness. If it does not break, you can continue to be bullish. Investment strategy: Gold 3350 long, stop loss 3338, target 3450
With the Federal Reserve on hold, gold is ushering in a new engi
At 2 pm yesterday, the Federal Reserve announced that it would keep the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, and remained unchanged for the third consecutive meeting. After the announcement of the Fed's interest rate decision, the market continued to believe that the Fed would cut interest rates before July, and still expected three rate cuts this year.
Then Fed Chairman Powell downplayed any impression that the central bank would use interest rate cuts to ease the economic weakness caused by Trump's tariff policy at a press conference in the early morning.
Powell used the word "wait" 22 times to emphasize that the Fed is not in a hurry. He said: "We think the cost of waiting is quite low, so we are doing it."
Powell said: "In this case, we can't take the initiative because we don't actually know what the correct response to the data is until we see more data."
Powell hinted that the Fed will only cut interest rates after seeing evidence of a significant slowdown in the economy, and it may cut interest rates soon.
Returning to the market, first of all, from the gold daily chart, it can be seen that the current trend of gold is basically similar to that of the first half of the month.
There was a sharp retracement last week, and then the bottom daily line closed with a cross star, followed by a sharp rebound.
The current market is basically copying the previous market. If nothing unexpected happens, if it goes up in this trend, 3500 is very likely not the high point, and it is only a matter of time before a new high is reached.
In addition, from the 4-hour chart, yesterday, the bottom 3360 was tested many times, but it failed to break down. Today, the opening was stretched from 3360 to above 3400.
3360 is a intensive trading area suppression position in the early stage. After breaking through 3360 on Tuesday, it has not fallen below this position so far.
So, we can currently regard 3360 as an important support position.
So we can regard 3360 as the 618 support position, so as to infer the high point position.
As you can see in the picture, I have also marked the point, which is about 3450-60.
Finally, let's look at the hourly chart. You can see that from 3360 to the morning high of 3415, the Fibonacci position 50% position and 382 position are about 3390-85.
It is also about the lowest position of the callback.
In terms of future operations, you can basically rely on 3390-85 to enter the market and do more.
The upper target can basically see the 3440-60 range.
X1: GOLD/XAUUSD Buy Risking1% to make 3.63X1:
Risking 1% to make 3.63%
GOLD/XAUUSD Long for day trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
Risking 1% to make 3.63%
Note: Manage your risk yourself, its risky trade, see how much your can risk yourself on this trade.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
GOLD: Bullish Continuation & Long Trade
GOLD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GOLD
Entry - 3387.7
Sl - 3380.3
Tp - 3403.8
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
XAUUSD – 30m Precision Buy from 79% Fib + Liquidity Grab📈 GOLD LONG CONTINUATION – May 7, 2025 | Smart Money Masterclass
Here’s a 🔥 textbook entry on XAUUSD, showing exactly how Smart Money engineered liquidity, tapped into the Fair Value Gap, and launched the price from deep Fib levels.
Let’s break this down like a true Chart Ninja:
🔍 KEY CONFLUENCES IN THIS SETUP:
🧠 FVG Respect: Perfect reaction from the imbalance zone (gray box)
💰 Liquidity Sweep: Triple low fake-out → "Buy-side Engineered Liquidity" ($ symbols)
📉 Descending Trendline Break: Acting as a final bear trap
🧲 Fib Retracement: Entry from deep golden pocket zone (between 70.5% and 79%)
📊 50% EQ Magnet Above: Price reacting towards premium inefficiency
🚀 Risk-Reward Setup: ~1:6 RR targeting imbalance fill around $3435
🏗️ Structure: Price built a base with multiple accumulation candles before break
📈 Trade Details:
🟢 Entry Zone: $3,388 – $3,393 (limit filled within FVG + Fib zone)
❌ SL: Just below 79% zone at $3,386
✅ TP: $3,435 (0% Fib level / top of the range + inefficiency)
📈 RRR: ~1:6 sniper level precision
⚙️ Execution Strategy:
Confirmation entry after inducement wick
FVG + Fib overlap = High probability zone
Optional scaling in across zone: 70.5%, 75%, 79%
First partials around $3,412, full TP at $3,435 zone
💬 Chart Ninja Quote of the Day:
"The best trades don’t chase price—they wait for price to chase them."
🔒 SETUP SUMMARY:
Timeframe: 30m
Bias: Bullish
Entry Type: Limit
Confluences: FVG + Fib + Liquidity Sweep
Trade Type: Reversal from Demand
Confirmation: Structure shift + Clean W bottom
💾 Save this setup and study it frame-by-frame.
📲 Share it with your trading crew who still think breakouts are reliable 😉
XAUUSDHi ,
The market has consistently been rising as indicated in my yesterdays Analysis , The formation of series of HIGHER HIGHS $ HIGHER LOWS from 2nd May - 5Th May. This supports yesterdays idea on testing $3372 and infact went further up to $3380
If the fast EMA (8) is above the SLOW EMA (21) it then further supports the BULLISH COURSE.
If the RSI is hovering above 70 , this indicates the asset been OVERBROUGHT signaling a potential PULLBACK.
The PRICE consolidated before breaking out UPWARD , which indicates a CONTINUATION OF THE BULLISH TREND.
The current WAVES exhibits smooth pullbacks without DEEP CORRECTIONS , signaling STRONG BUYING PRESSURE.
The sudden SURGE in PRICE indicate INCREASING BULLISH MOMENTUM or a possible EXHAUSTION.
OVERALL we should hit $3372-85 and if the price breaks the zone and moves a little further it will signal further BUYS. If the PRICE breaks $3252 going down that should be your FALL CONFIRMATION.
Meanwhile i have a few buy positions active and waiting for further confirmation.
XAUUSD:Sharing of the Latest Trading StrategyToday, all the trading signals finally yielded profits! Check it!👉👉👉
Today, gold has strongly rallied, breaking through the range-bound trading pattern. It climbed to as high as the level of 3,328 at its peak. However, there has been basically no retracement in the price of gold. Thus, it is highly probable that the safe-haven sentiment will be directly released, after which gold will commence its adjustment. Therefore, it is not appropriate to chase the upward trend at this position. Instead, it is advisable to patiently wait for the opportunity of a pullback from the high level. When there is a rebound to a high position, directly go short on gold!
Trading Strategy:
sell@3330-3320
TP:3300-3280
The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them!
👇 👇 👇 Obtain signals👉👉👉
Gold Daily Outlook - XAUUSD May 4thXAUUSD Daily Outlook – May 5, 2025
Structure doesn’t lie. Gold is cooling off – but the real game might just be starting.
📊 Trend & Structure:
HTF Bias: Bullish (intact), but showing signs of exhaustion.
Daily Market Flow: Strong rejection from 3500 ATH → bearish correction underway.
Latest Daily Candle: Bearish with large upper wick – confirms aggressive selling after liquidity grab.
🔹 Key Daily Levels:
🔻 Premium Rejection Zone
Zone: 3475–3500
Confluence: Previous ATH + liquidity sweep + FVG + overextension
Note: Reversal confirmed. Sellers aggressively stepped in.
🔻 Active Imbalance Zone
Zone: 3375–3400
Context: Unmitigated bearish FVG formed after ATH rejection
What to expect: Intraday bounces possible, but mostly mitigation unless reclaimed.
🔹 Current Reaction Zone
Zone: 3220–3255
Structure: Micro CHoCH + fresh demand reaction + FVG fill
Note: Bulls defending here. Breakdown = lower retracement likely.
🔻 Key Mid-Term Support
Zone: 3050–3080
Reason: Daily demand + OB + prior BOS
Expectation: Strongest support if price breaks 3200 – ideal HTF reentry.
🔢 Fibonacci Extension Targets (if 3500 breaks)
Using impulse leg 2970 → 3500 with retrace to 3204.50:
Extension Level
Target Price
Commentary
1.0
3500
ATH (already hit)
1.12
3558
First extension zone, minor reaction possible
1.272
3610
Institutional TP1 zone
1.414
3660
Premium FVG / liquidity target
1.618
3730
Strong continuation target, reversal zone
1.786
3785
Final blow-off area, low probability without macro push
📊 Summary:
Gold reached a major milestone at 3500, swept liquidity, and is now in correction mode. As long as 3220–3255 holds, bulls may stage a short-term defense. However, failure to hold opens the door to 3050–3080, the next major structure zone.
Above 3500, use extension zones to track sentiment traps and profit-taking waves.
🧠 Final Thought:
From greed at 3500 to fear at 3200 — markets reset sentiment before the next move. Smart money isn’t emotional. Stay with structure, not ego.
🙏 Like this breakdown? Boost and follow us for sniper setups all week.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
#XAUUSD #GoldOutlook #SMC #LiquidityHunt #SmartMoneyFlow
GOLD: Remains Bullish With Low MomentumGOLD: Remains Bullish With Low Momentum
In today's video, I discussed potential price movements for gold in the coming days. While the overall trend remains bullish, uncertainty is still present.
Be careful, the direction of gold is still unclear despite the strong upward momentum.
Volume is very low as the precious metal has been stuck in a range-bound trading zone so far.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GOLDhe image you provided is a technical analysis of Gold (XAU/USD) on the 15-minute timeframe from TradingView. It clearly reflects a bearish (short) outlook for the coming weeks, potentially lasting until the end of May 2025. Here's a detailed breakdown:
🔍 Technical Context
Gold reached a high around 3,500, followed by a correction that revisited the 3,421 level, creating a strong resistance zone (likely due to liquidity grabs and profit-taking).
From there, the chart shows a potential reversal structure, with expectations of a downward move.
🔻 Bearish Scenario (Short)
The final target for this bearish move is in the 3,124–3,078 area, which represents a key liquidity zone (highlighted with dashed lines and orange horizontal levels).
Before reaching that, the price might test several intermediate support zones:
3,288
3,241
3,124
The current pattern suggests that after a strong upward impulse, the market is now likely taking a breather, possibly influenced by strength in the equity markets, which reduces gold's appeal as a safe haven in the short term.
📅 Expected Timeframe
This downward move is expected to unfold by the end of May 2025, as indicated by the vertical time markers on the chart (one marking May 15th).
📈 Additional Observations
There's a red-green box on the chart indicating the risk/reward zone for the short entry.
The previous bullish trend is marked by clear impulse and correction waves, but the current price action shows loss of momentum and possible reversal signs.