GOLD ROUTE MAP UPDATEHey Everyone,
Please see the update on our 1H chart route map - playing out exactly as analysed.
We started the week with a bearish gap at 3352 being hit, followed by an EMA5 cross and lock below 3352, which opened up the next level at 3317, also hit perfectly.
Yesterday, we found support above the 3282 retracement level, leading to a solid bounce into 3317. However, there was no EMA5 lock above 3317, and price faced rejection today once again, pushing it back toward 3282.
We are now looking for support to hold above 3282 to give us fresh bounce opportunities and upper Goldturn tests. However, a lock below 3282 will open up lower levels as we move deeper into the retracement range.
We are expecting continued reactions within this retracement range, in line with our plan to buy dips. Our updated levels and weighted levels help us track downward movements and catch bounce setups.
We'll continue to buy dips using our key support levels, targeting 20 to 40 pip moves. As always, each level structure provides consistent bounce zones, offering great opportunities for both entry and exit. If you backtest the levels we’ve shared every week over the past 24 months, you’ll see how effectively they work with or against short to mid term swings and trends.
Remember:
Swing ranges yield bigger bounces than weighted levels — that’s the key difference.
BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGET
3517
BEARISH TARGETS
3352 - DONE
EMA5 CROSS AND LOCK BELOW 3352 WILL OPEN THE FOLLOWING BEARISH TARGET
3317 - DONE
EMA5 CROSS AND LOCK BELOW 3317 WILL OPEN THE FOLLOWING BEARISH TARGET
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3233
EMA5 CROSS AND LOCK BELOW 3233 WILL OPEN THE SWING RANGE
3185
3146
As always, we’ll keep you all updated with real time analysis and management of active setups throughout the week. Thank you for your continued support, your likes, comments, and follows mean a lot!
Mr Gold
GoldViewFX
Commodities
Analysis strategy for the latest gold trend on May 27:
Market background review
Risk aversion cools down: Due to the impact of Trump-related news, the safe-haven demand for gold has weakened, resulting in a high and fall on Monday (May 26), and continued weakness in the Asian and European sessions.
Impact of the US market closure: Due to the Memorial Day holiday in the United States, market liquidity is low, market volatility is limited, and the overall trend is volatile and downward.
Key technical analysis
1. 4-hour level trend
Bollinger band structure: Gold prices fell after touching the upper track of the Bollinger band (near 3365), and are currently seeking support near the middle track (3320-3323), which is also the starting point of last Friday's rise.
Moving average system:
MA5 crosses MA10, showing a short-term adjustment signal.
Long-term moving averages (such as MA60) are still higher than medium-term moving averages, indicating that the general trend has not completely turned to bearish, but there is still a need for a short-term correction.
RSI indicator: Falling back from the overbought area to near the middle line (3357 corresponding price), suggesting that there is still room for decline.
2. Key price structure
Resistance:
3342 (Monday's rebound high)
3350 (psychological barrier)
3365 (double top pressure, strong resistance)
Support:
3320-3323 (4-hour Bollinger middle rail + last Friday's starting point)
3300-3305 (key integer barrier, if it falls below, it may accelerate downward)
3. Short-term trend judgment
Two attacks on 3365 failed, and Monday opened lower, indicating that the bulls lack momentum and the short-term trend is oscillating downward.
The 1-hour chart forms a descending channel. If it falls below 3320, it may further test the 3300 support.
If it rebounds to the 3342-3350 area under pressure, it is still a short-selling opportunity.
Today's trading strategy
1. Short-order opportunity (main strategy)
Entry point: 3342-3350 range, arrange short orders in batches
Stop loss: above 3355 (to prevent false breakthroughs)
Target: 3320 (first target), look at 3305-3300 after breaking
2. Long-order opportunity (auxiliary strategy)
Entry conditions: first touch 3300-3305 without breaking, you can try long with a light position
Stop loss: below 3295 (to prevent the break from accelerating the decline)
Target: 3320-3325 (short-term rebound)
3. Key risk warning
If the gold price stands above 3350, it may test 3365 again, and short orders should be cautious.
If it falls below 3300, it may further test the support of 3280-3270, and attention should be paid to changes in market sentiment.
Summary and Operational Suggestions
✅ Main idea: short sell when the price rebounds to 3342-3350, target 3320-3300.
✅ Secondary idea: short-term long sell when the price stabilizes near 3300, quick in and quick out.
⚠️ Note: Pay attention to the changes in market liquidity after the resumption of trading in the US market today, and avoid heavy positions before major data.
(The above analysis is based on the current technical structure, and specific transactions need to be flexibly adjusted in combination with the real-time market.)
Analysis of the latest gold market trend on May 28:
I. Key points on the news
The US dollar rebounded strongly
The US dollar index (DXY) rebounded from a low in the past month, reaching a high of 99.42 (+0.4%), suppressing gold demand.
If the US dollar continues to rebound, gold may be further under pressure.
Risk aversion sentiment cools down
Market concerns about the international trade situation have eased, weakening gold's safe-haven buying.
If risk sentiment deteriorates again (such as escalation of geopolitical conflicts), gold prices may rebound quickly.
Fed policy expectations
The market pays attention to US economic data and speeches by Fed officials. If "hawkish" signals are released (such as rising expectations of interest rate hikes), it will be bearish for gold.
II. Key technical analysis
(1) Trend structure
Daily level:
The adjustment structure since $3,500 is still continuing, and it may currently be in the a-wave decline after the X-wave rebound.
If it falls below the 3280-3292 support, it may accelerate downward, with a target of 3270→3250, or even test 2956 (bottom of wave 4).
If 3280 is held, it may rebound at the 4-hour level and test the resistance of 3320-3330.
Key resistance:
3320-3330 (ideal area for short-term short positions)
3365-3370 (previous top and bottom conversion + 76.4% Fibonacci retracement level, strong resistance)
Key support:
3280-3292 (short-term long-short watershed)
3270 (breaking will confirm further decline)
(2) Short-term trend judgment
If the US dollar continues to strengthen → gold breaks below 3280 and looks to 3270-3250.
If the US dollar pulls back or risk aversion heats up → gold rebounds and tests 3320-3330.
3. Today's trading strategy
(1) Short order strategy (main idea)
Entry point: 3320-3330 area
Target: 3290→3270
Stop loss: above 3335
(2) Long order strategy (auxiliary idea)
Condition: Gold price stabilizes at 3280-3292 (need to combine K-line signals, such as hammer line, etc.)
Target: 3300-3310
Stop loss: below 3270
(3) Breakthrough strategy
If it falls below 3270 → go short, target 3250-3230.
If it breaks through 3330 → wait and see whether to further test 3365-3370.
4. Summary
Short-term trend: bearish, pay attention to the breakthrough of 3280-3330.
Key drivers: US dollar trend, market risk sentiment, and Fed policy expectations.
Operation suggestions:
Main strategy: short when the price rebounds to 3320-3330.
Secondary strategy: try to buy with a light position at the support level of 3280-3292 (strict stop loss).
Breakthrough follow-up: short when the price falls below 3270, or wait for higher resistance after breaking through 3330 before shorting.
Gold key levels to watchLast week saw gold bounce back after holding its one-year old bullish trend line and support around $3,120-$3,167 range. As well as that, this area was also the point D of an AB=CD move, sometimes called a bullish Gartley pattern. This area will be key on any future dips – bearish if we go below it.
For now, gold is consolidating, but starting to look a bit heavy again. The lower highs from the past several weeks suggests appetite for the safe haven assets is waning.
Interim support is now seen around $3,300. Things will get interesting if gold now breaks decisively below this level.
If that happens, the next stop could be at $3,250, which as the last resistance pre breakout last week. Below that, $3,200 and the support trend of the larger consolidation pattern will come into focus.
Resistance comes in at $3,325, followed by $3,360, with the latter marking the resistance trend of the consolidation pattern. Above it, $3,400 and then the all-time high of $3,500 are the next key levels.
By Fawad Razaqzada, market analyst with FOREX.com
GOLD: Local Bearish Bias! Short!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 3,306.07 will confirm the new direction downwards with the target being the next key level of 3,296.72 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Gold XAUUSD Move 27 May 2025Price is currently hovering around the 3300 level after a sharp decline from the recent highs near 3360. The market has now entered a crucial support zone at 3280–3290, which previously acted as a strong demand area.
This zone is expected to act as initial support. However, if this area fails to hold, the next major support lies in the 3240–3250 region, which aligns with historical demand and a previous accumulation zone.
Key Levels to Watch:
Resistance: 3320–3324 (possibly a short position)
Support 1: 3280–3290 (current zone)
Support 2: 3240–3250 (next demand area)
The market is currently at a decision point. Watch for a reaction at 3280–3290 — a bounce may signal short-term relief, while a break lower could open the path to deeper downside toward 3240.
SILVER: The Market Is Looking Up! Long!
My dear friends,
Today we will analyse SILVER together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 33.237 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 33.339.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
SPY/QQQ Plan Your Trade For 5-28 : Inside Breakaway PatternToday's Inside-Breakaway pattern suggests the markets may attempt to rally above yesterday's close on strong news or earnings. Today is the NVDA earnings day (after the close). I suspect trading will be somewhat flat ahead of these highly anticipated earnings.
Traders would be smart to position into a HEDGE ahead of the NVDA earnings this afternoon.
Obviously, if the earnings are good, the markets will react to the upside. If they are poor/weak, the markets could easily move aggressively downward.
All I know is the tariff moves over the past few weeks pushed gamers and others into buying high-end graphics cards back in April/May because everyone thought prices would skyrocket 30-50% or more. So, maybe NVDA will report strong revenue while costs increase.
It should be an interesting day after the close. Until then, I believe the markets will stay somewhat FLAT - anticipating NVDA data/comments.
Gold and Silver are still working through the FLAG APEX. Silver is already beyond the FLAG APEX and could make a big move higher at any moment. Gold still has one small downward price move to complete before the FLAGGING pattern is complete.
Overall, I believe Gold and Silver are forming a solid base near $3300/$33 for a strong rally in the future.
BTCUSD is stalling. In fact, the SPY/QQQ/BTCUSD are all stalling near the 0.75% Fib level (as shown on my charts). We may be setting up for that big breakdown I've been warning about. But, until we actually SEE price break out of the upward EPP Flagging channel - don't get overly confident of a BIG BREAKDOWN move.
My advice would be to HEDGE any aggressive trades you are trying to take right now. If you believe the markets are going to rally substantially, try to hedge that trade with some risk protection (longer-dated PUTS).
Today could be a catalyst day. We may get a breakout/breakdown move after NVDA's earnings/data.
Buckle up.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
XAUUSD: Market Analysis and Strategy for May 28Gold technical analysis
Daily chart resistance level 3350, support level below 3284
Four-hour chart resistance level 3350, support level below 3284
One-hour chart resistance level 3325, support level below 3298
Gold operation structure is clear, showing a triangular consolidation pattern. The current gold price is facing a fierce battle between bulls and bears in terms of direction selection.
For this type of technical pattern, it is recommended to maintain a high-sell and low-buy range before breaking through, focusing on the conversion of upper and lower rail support and resistance levels. Keep selling high and buying low before breaking through, and follow the trend after an effective breakthrough.
BUY:3298near SL:3292
BUY:3330near SL:3325
SELL:3325near SL:3330
Daily sharing
GOLD Will Explode! BUY!
My dear subscribers,
GOL looks like it will make a good move, and here are the details:
The market is trading on 3313.4 pivot level.
Bias - Bullish
My Stop Loss - 3309.3
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 3321.4
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
DeGRAM | GOLD reached the resistance line📊 Technical Analysis
● Twin rejections inside the 3 300-3 340 supply, exactly where the purple retest line and rising-channel ceiling intersect, have carved a lower high and completed a bearish flag.
● RSI confirms negative divergence and the candle body is back below the 3 284 pivot, favouring a slide toward the channel median at 3 172 and, if broken, the floor/September swing low near 3 100.
💡 Fundamental Analysis
● Upbeat US second-estimate GDP and stronger durable-goods orders pushed 2-yr Treasury yields above 5 %, raising gold’s carry cost, while WGC logs a sixth straight week of ETF outflows and the PBoC reportedly paused reserve buying in May.
✨ Summary
Short below 3 300; objectives 3 172 → 3 100. Invalidate on a sustained close above 3 350.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Key data will be released, gold will usher in a turning point🗞News side:
1. Musk issued the "strongest" condemnation of Trump
2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel
📈Technical aspects:
Gold prices continued to fall this week as Trump extended the impact of increasing tariffs on the European Union. After stabilizing at 3285 and rebounding yesterday, the gains and losses at 3315 during the day are the key to the subsequent layout. The current Asian session did not stand above 3315 in the morning, which means that the short-term retracement and decline have not ended, and only by breaking through 3315 can there be a chance to continue upward. The 4H level of gold is not so strong at present. The market encountered resistance and fell back at the upper track. Now the market has touched the lower track. The Bollinger Bands have not opened and are still flat, indicating that the market is in a volatile trend in the short term. The support below 3280 just coincides with the lower track. The upper side pays attention to the resistance near the middle track of 3325. If the pressure near the middle track of 3325 is broken, it can be seen to the upper track of 3365. If the market breaks below 3280, it is expected to go to 3260-3250. The European session will temporarily maintain a high-altitude low-multiple cycle. Pay attention to 3315-3325 on the upper side and 3285-3280 on the lower side.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
Short-Term Key Levels for Silver as Price ContractsSilver has been contracting over the last couple of days. While the gold/silver ratio remains at historically high levels, ongoing risks in global trade and manufacturing provide strong justification for this imbalance.
In the short term, unless XAGUSD breaks above the 33.45 resistance, the direction may remain to the downside. The 200-hour moving average—often used as both support and resistance—can be followed as the next key short-term target. If this moving average is broken, bearish pressure could intensify.
For upward moves, a breakout above 33.45 could open the way toward 33.55 and 33.70 levels.
USOIL Will Go Up! Long!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 61.359.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 64.395 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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!
Gold at a Psychological Level Gold has now risen to 100 times its previously fixed price of $35 per ounce.
Is this a psychological milestone signaling a correction ahead, or is there still more upside potential?
Under the Gold Reserve Act of 1934, gold was officially priced at $35, a rate maintained until 1971, when President Nixon suspended the dollar’s convertibility into gold, effectively ending the gold standard. This historic move, known as the “Nixon Shock,” allowed gold to trade freely in the market. By December the same year, the market price had already climbed to around $43–44 per ounce.
So why has gold risen from $35 to $3,500?
Gold is widely recognized as a hedge against inflation—but in reality, it has proven to be more than that.
Let’s consider this:
If inflation had compounded at the target rate of 2% per year since 1971, gold should be priced at $102 today.
But at $3,500, the also implied that the compounded annual growth rate is around 8.9%.
So, what explains this outperformance?
One key driver is the expansion of the money supply, especially through debt, and more critically, debt financed by money printing.
Periods of high inflation are can be preceded by an unjustified increase in the money supply, not backed by corresponding income or production output.
In 2018, we saw the beginning of Trump’s Tariff 1.0. Since the anticipation of Trump’s Tariff 2.0, I’ve incorporated a framework I call the QTD Matrix—which stands for Quantitative Easing, Tariffs, and Debt—to track the trajectory of gold prices.
As long as we continue to see:
• Central banks deploying Quantitative Easing during crises,
• Ongoing or escalating Tariff wars, and
• Persistent growth in national Debt,
It is reasonable to expect gold to remain firm and potentially break into new highs.
Historical Observations:
• Let’s start with Gold vs QE. Each major wave of QE has triggered a significant rally in gold—from Japan’s QE in 2001, to US QE1, QE2, and QE3 following the 2008 crisis, and the massive Covid-era QE in 2020.
• Next Gold vs Tariffs. When Trump’s Tariff 1.0 was announced in August 2018, gold pivoted on that very day and began trending higher.
In October 2022, Biden’s export controls on advanced chips acted as a tariff-equivalent event, once again prompting gold to rise.
After Trump's re-election in November last year, markets began pricing in Tariff 2.0, and gold responded by trending upward once more.
• Finally Gold vs Debt. Gold has also moved in close tandem with the rising US debt over the years.
As of now, I believe that QE (Q), Tariffs (T), and Debt (D) will remain in play.
Hence, it's reasonable to expect:
• The cost of living to remain elevated,
• Inflationary pressures to persist, and
• Gold prices to continue their long-term uptrend.
That said, I’m also noticing technical and psychological resistance in the mid-term after it reached $3,500.
This is a quarterly chart, once I have identified its primary uptrend line, I would like to mirror it to its significant peak (going back way back the 1980s, a period of high inflation), which appears to intersect around the psychological level of $3,500.
With the trade war currently on pause, gold may temporarily take a breather. But as long as QTD remains intact, it may just be a matter of time before gold tests its recent resistance—and, if broken, continues its upward trajectory.
We should also ask:
Is there any possibility that the Q, T, or D could shift in the opposite direction?
If so, that could be a positive sign for equity markets.
Micro Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Trading the Micro: www.cmegroup.com
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A Brief Overview of Price Patterns in TradingPrice patterns are technical analysis tools that help identify price behavior on charts to predict future trends.
Common patterns include continuation and reversal formations. Continuation patterns such as flags, triangles, and rectangles often appear during strong trends and indicate the likelihood of the trend continuing after a period of consolidation. Reversal patterns like head and shoulders, double tops and bottoms, and wedges signal potential changes in trend direction. Recognizing these patterns allows traders to optimize entry points, stop-loss levels, and take-profit targets. The clearer the pattern and the higher the timeframe it appears on, the more reliable it tends to be. However, no pattern guarantees success, so it's important to combine them with other factors like volume, support and resistance zones, and confirmation signals before making trading decisions. Each pattern has its own identifying characteristics such as shape, length, and breakout zones, so consistent observation and practice are essential. Price patterns not only assist in technical analysis but also reflect market psychology and crowd behavior. For best results, traders should combine pattern recognition with risk management and patiently wait for clear signals instead of reacting emotionally. A deep understanding of price patterns can increase the probability of success and reduce risk in the trading process.
Wishing you effective trading and strong discipline!
XAUUSD Technical Outlook – Golden Cross in FocusGold is showing signs of recovery on the H1 timeframe, rebounding from the critical $3,290 support zone after a brief consolidation phase. A notable development is the 50-period moving average crossing above the 200-period MA — forming a Golden Cross, which is a classic bullish signal suggesting upward momentum may strengthen in the near term.
🔍 Momentum Insights:
Resistance Check: On the micro-level, XAUUSD is approaching short-term resistance — the 50-MA itself — which may offer temporary friction.
MACD Confirmation: The MACD histogram has crossed above the signal line, reinforcing bullish divergence and signaling growing upward momentum.
Structure: Price is maintaining higher lows while respecting the moving average structure — a sign of controlled bullish development.
📈 #TradeIdea – Breakout Strategy
We are watching for a buy opportunity above the $3,320 breakout level, aligning with a shift in both momentum and structure.
🔼 Long Setup:
📍 Entry: Buy on breakout above $3,320
🎯 Target 1: $3,350
🎯 Target 2: $3,365
🛡️ Stop-loss can be trailed below $3,290 (support turned invalidation)
GOLD → Consolidation ahead of news. Retest of resistanceFX:XAUUSD remained above the key support level of 3280 and is testing intermediate resistance. Against the backdrop of the dollar's decline, the metal has a chance to continue its growth...
Gold is trading in consolidation ahead of the Fed meeting minutes. Easing trade risks and the dollar's recovery triggered a correction from the recent peak of $3366. Against the backdrop of the dollar's correction, the metal is entering a phase of local rally and testing resistance at 0.5f
The Fed is maintaining a cautious tone, and the market is waiting for signals on interest rates. The escalation of the conflict in Ukraine and the threat of new sanctions from Trump did not cause significant concern in the markets. Investors are waiting for drivers
Resistance levels: 3322, 3348, 3363
Support levels: 3290, 3282, 3265
A small correction may form from 3322 before growth continues. The market is interested in liquidity in the 3348-3363 zone, and the price is likely to test this zone. However, further developments depend on the fundamental background. Rising economic risks or hints of interest rate cuts could support the price of gold.
Best regards, R. Linda!
CL Analysis – May 28, 2025Currently, I believe Crude Oil (CL) is trading within a well-defined range. My strategy is clear:
🔴 Sell only at the red supply zone above, but only after confirmed seller reactions backed by order flow.
🟢 Buy only at the green demand zone below, once buyer strength is confirmed through price action and order flow.
No trades in between — I’m staying patient and letting the market come to my levels.
Technical Analysis: XAU/USD (Gold) Price Action📊 Technical Analysis: XAU/USD (Gold) Price Action
🕒 Timeframe: 4H (Based on candlestick structure)
📅 Published: May 27, 2025
💰 Current Price: 3,303.860
🔴 Major Resistance Zone
📍 3,480 – 3,500
📌 Seen with red arrows and price rejections.
📉 Strong selling pressure has occurred twice from this level (double top-like behavior).
❗ Until price breaks above this, bulls face a major hurdle.
🟣 Key Mid-Level Zone (S/R Flip)
📍 3,340 – 3,360
🔄 This area has flipped between support and resistance.
🔸 Price tested this level recently and pulled back (orange circle), suggesting sellers are active.
🔮 This is the pivot zone – watch for break/rejection to determine next trend leg.
🟪 Main Support Zone
📍 3,180 – 3,220
✅ Multiple bounce reactions visible (green arrows and circles).
💪 This zone has held strong; indicates solid buyer interest.
📉 If price returns here and breaks below, we could see further downside to 3,120 or lower.
🧭 Market Structure Summary
🔁 The market is in a range-bound structure between 3,220 – 3,360, with spikes towards 3,480.
🔃 The recent higher low followed by rejection at mid-resistance suggests potential distribution.
🧠 Forecast Scenarios
🔵 Bullish Scenario (Blue Path)
Break above 3,360 → Retest as support → 📈 Potential rally to 3,480
📍 Target: 3,480+
🟢 Confirmation: Strong bullish engulfing candle + volume surge
🔻 Bearish Scenario (Blue-Arrow + Orange Circle)
Rejection at current resistance → Drop toward 3,220
📍 Target: Main Support zone
❗ Watch for bearish candle pattern confirmation at 3,340
⚖️ Trading Strategy Tips
🔍 Wait for confirmation at the mid-resistance before entering.
🛡️ Place stops below support zones for long positions.
💥 Aggressive short sellers may look to enter near 3,340 with tight stops above.
🧩 Conclusion
The asset is in a critical decision zone. Whether it breaks higher toward the resistance or retraces to support will shape the next directional move. Traders should remain cautious, and let price action confirm bias before committing.