Falling below 3380,testing 3365,the low position remains bullish📰 Impact of news:
1. Geopolitical tensions in the Middle East
2. Iran nuclear talks
3. Retail sales data
📈 Market analysis:
After rebounding to the 3400 line, gold encountered resistance and fell back to test the support level of 3380. Although it was very close to the point of 3405 we gave, I did not enter the trade because gold has been in the middle section in the short term and has not rebounded to the ideal point.
There are too many long orders at high levels in gold. The international situation is so tense that gold is still slowly declining, but the geopolitical situation is still continuing. In addition, the retail sales data is bullish. Then, as the trading strategy given at noon, it is expected to test the short-term support of 3365-3355 below. I will consider going long in this range
🏅 Trading strategies:
BUY 3365-3355
TP 3380-3390-3400
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.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
Commodities
Brent and WTI: Is $100 oil just Around the corner?#Brent and #WTI prices are steadily climbing, now reaching $73.30 and $71.15 per barrel. The market is showing strong signs of an upward trend, similar to what we saw in 2021–2022. With global demand picking up and increased interest from major market participants, analysts believe prices could soon push past the $100 mark — especially amid ongoing global tensions and rising consumption.
Standard Chartered forecasts Brent reaching $95 by December 2025, while some outlooks go even higher. What’s fueling this potential rally? Top 5 reasons oil may surge in the coming months:
Global instability : Tensions in the Middle East and unrest in key producers like Venezuela and Nigeria raise concerns about supply disruptions. Any flare-ups could push prices to $90, $95 — or beyond.
Economic recovery : Asia and developing economies are bouncing back fast. With industrial activity rising, so does energy demand — including for oil.
OPEC+ tight supply policy : OPEC+ is likely to maintain production cuts to support prices and keep the market balanced.
Low reserves, limited expansion : Stockpiles remain tight, and exploration has lagged in recent years. If demand spikes, producers may struggle to scale output quickly.
Aviation and petrochemicals rebound : Global air traffic and plastic manufacturing are growing, increasing demand for jet fuel and oil-based feedstocks.
Together, these factors create a strong setup for upward momentum in Brent and WTI prices. According to FreshForex analysts , the current levels could mark the beginning of a new growth cycle.
GOLD - WAVE 5 BULLISH TO $3,622 (UPDATE)Gold is currently going through a strong 'accumulation' phase for buyers, hence why we're seeing these choppy price actions, trying to liquidate buyers. It won't surprise me if we see dips lower, but overall we remain bullish as long as Gold is ABOVE THE WAVE 2 LOW. Breaking below this low, will invalidate bullish structure.
Wave 2 Invalidation Level - $3,245❌
Crude Oil Tests $74FenzoFx—Crude Oil climbed to $74.0, testing the bearish Fair Value Gap and a high-volume zone.
The Stochastic Oscillator signals an overbought market, suggesting possible consolidation. Oil could dip toward the previous daily low if $74.0 holds as resistance during the NY session.
A breakout above $74.0 would invalidate the short-term bearish outlook.
PAAS – High Tight Flag with Silver TailwindsPan American Silver ( NYSE:PAAS ) is forming a high tight flag — one of the most explosive continuation patterns — just as silver starts heating up.
🔹 High Tight Flag Formation
NYSE:PAAS ripped with momentum and is now consolidating in a tight, bullish range.
This is exactly what you want to see — shallow pullback, tight candles, and holding near highs.
🔹 Sector Momentum: Silver Heating Up
AMEX:SLV and /SI are pushing toward multi-year breakout levels.
NYSE:PAAS is riding that same energy, and any continuation in silver could ignite this setup.
My Trade Plan:
1️⃣ Starter Position: Looking to enter on strength through the top of the flag.
2️⃣ Add on Confirmation: Add size on volume surge and breakout follow-through.
3️⃣ Stop Loss: Below flag base — keeping it tight and defined.
Why I Love This Setup:
High tight flags are low-risk, high-reward when paired with macro momentum.
Silver is gaining strength — NYSE:PAAS could lead the miner group if this breaks clean.
Strong structure, clean risk, macro fuel = great setup.
GOLD MARKET ANALYSIS AND COMMENTARY - [Jun 16 - Jun 20]The unrest in the Middle East this week has boosted safe-haven demand for gold, pushing it above $3,400 an ounce.
While gold has broken several recent technical resistance levels, it is unlikely that it will hit a new record high next week. The ongoing conflict between Israel and Iran provides safe-haven support, but historically, gold rallies driven by geopolitical events tend to be short-lived.
Gold is currently outperforming the US dollar, which has struggled to attract safe-haven funds.
Iran launched a retaliatory airstrike on Israel on Friday night (June 13), Reuters reported. Air raid sirens sounded across Israel and authorities urged residents to take shelter in shelters.
The Israeli military said Iran fired nearly 100 missiles, most of which were intercepted or missed their targets.
Israel's Channel 12 reported two people were seriously injured, eight were moderately injured and 34 suffered shrapnel injuries.
Iran's Islamic Revolutionary Guard Corps said it had carried out military operations against dozens of targets in Israel.
The Iranian Revolutionary Guards' news website released a message that evening saying the "powerful and precise" counterattack was in retaliation for Israel's "invasion" of many parts of Iran and the killing of many senior military commanders, nuclear experts and Iranian civilians, including children.
Wider Middle East Conflict Could Erupt
Israel destroyed Tehran's military command system early Friday and struck key Iranian nuclear facilities. The Fars news agency, which is affiliated with Iran's Revolutionary Guards, cited data saying the Israeli attack killed dozens of people in Iran and wounded more than 300.
Israel has carried out large-scale airstrikes on multiple locations in Iran since early Friday, bombing Iranian nuclear facilities and military targets.
Reuters said Israel's attacks on Iran during the day and Iran's retaliation have raised concerns about a broader conflict in the region.
All Eyes on the Fed
While gold will continue to be affected by geopolitical developments, market attention will also be on the Federal Reserve, particularly Chairman Powell, who will speak after next week’s monetary policy meeting.
Economists generally expect the Fed to keep rates unchanged. However, expectations are growing that Powell could begin paving the way for a rate cut later this year.
The latest inflation data and signs of a slowing US economy have given the Federal Reserve room to cut rates. However, growing geopolitical uncertainty may prompt some market participants to adjust their expectations.
Overall assessment of the basic environment
The gold market in particular will still receive absolute support when there are too many risks appearing, from geopolitical developments to interest rate prospects, and tariffs. Major conflicts in the Middle East, Russia - Ukraine, trade war between the US and the rest of the world, ... are all sudden risk support that makes gold likely to surge in the short term. Therefore, in general vision, gold is considered the top safe-haven asset in the global unstable environment and it tends to increase in price in the current context.
Economic Data to Watch Next Week
Monday: State Manufacturing Survey, Bank of Japan Monetary Policy Meeting
Tuesday: US Retail Sales
Wednesday: US Weekly Jobless Claims, US Housing Starts, Federal Reserve Monetary Policy Meeting
Thursday: US Markets Closed for Black Lives Matter Day, Swiss National Bank Monetary Policy Meeting, Bank of England Monetary Policy Meeting
Friday: Philadelphia Fed Manufacturing Survey
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold has almost achieved all the bullish targets noted by readers in last week's weekly issue, initially at $3,371, then at the full price point and finally at $3,435. Gold can still continue to increase in price as technical conditions still absolutely support the short-term trend channel, while the long-term trend channel and the nearest support is the EMA21.
In terms of momentum, the Relative Strength Index (RSI) is sloping up after receiving support from 50 and is still far from overbought territory, indicating that there is still a lot of room for upside ahead.
To sum up, as long as gold remains within/above the price channel, it remains bullish in the short term. Any dips that do not break below the price channel should only be considered as short-term corrections or a new buying opportunity.
Finally, the notable positions will be listed as follows.
Support: 3,400 – 3,371 USD
Resistance: 3,435 – 3,500 USD
SELL XAUUSD PRICE 3497 - 3495⚡️
↠↠ Stop Loss 3501
BUY XAUUSD PRICE 3374 - 3376⚡️
↠↠ Stop Loss 3370
The latest long - short trading recommendations for crude oil.On Monday, the two benchmark oil prices fell by more than 1% due to media reports that Iran might seek to ease the situation. However, the market's short-term optimism proved unsustainable. Currently, oil price movements are driven primarily by geopolitics rather than fundamentals. Market sensitivity to the Middle East situation has surged to an extremely high level, with even the slightest development triggering violent volatility. The possibility of supply disruptions remains high in the short term, and close attention should be paid to Iran's oil export trends and the actual execution of OPEC+ after its meeting. Meanwhile, be wary of the risk of sharp consolidation amid mixed geopolitical and negotiation news.
In terms of momentum, the fast and slow lines of the MACD indicator have crossed below the zero axis, forming a golden cross with an upward divergence, indicating a stalemate between bullish and bearish momentum. In terms of patterns, a flag continuation pattern has emerged, with penetration of the upper edge of the flag, and the overall trend is in a secondary rhythm. It is expected that crude oil prices will mainly fluctuate and consolidate within the pattern.
you are currently struggling with losses,or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
Trading Strategy:
buy@70.0-71.0
TP:74.0-75.0
$DXY Dollar stays weak but is it bottommed?Have not many ANY trades based on the US Dollar. Have not been convinced in either way, yet.
TVC:DXY has been weaker lately but not by much. Well, at least compared to its previous low.
However, LONGER TERM we see it's biz as usual.
It is currently fairly oversold on the weekly chart & could be primed to change direction.
Time for a Rise in Oil Prices $$$When analyzing the recent movements in oil prices through the lens of Elliott Wave Theory, it appears that the current structure is completing an ABC corrective formation.
Initially, the A wave has developed as a strong upward 1-5 impulse structure.
The B wave evolved through a classic ABC correction, pushing prices down to the support area marked as (B).
Following this correction, early signals indicate the initiation of the C wave.
In this context, the technical structure suggests a potential new upward momentum in oil prices with the activation of the C wave. The target zone for the C wave should be monitored in consideration of the existing trendlines and historical resistance levels.
Nevertheless, under the current market conditions characterized by high volatility, it is critical to monitor volume and momentum indicators to confirm the C wave and ensure key support levels are maintained.
GOLD Massive Long! BUY!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 3389.4 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal -3396.3
Recommended Stop Loss - 3385.8
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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
GOLD: Absolute Price Collapse Ahead! Short!
My dear friends,
Today we will analyse GOLD together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 3,394.60 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
GOLD - Price will bounce from support area and start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined to $3220 level and then started to grow, and soon reached $3380 level and even broke it.
Then price started to trades inside wedge, where it at once started to decline and in a short time declined to support line of wedge.
After this, Gold rose and broke $3220 level and continued to move up in wedge, where it also made two gaps before.
Price rose to $3380 level and some time traded very close to this level, but later corrected to support line.
Next, price made a strong impulse, breaking $3380 level and exiting from wedge as well, and continued to grow.
Recently, Gold started to fall, so I think that it will fall to support area and then bounce up to $3500
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Is gold (XAUUSD) building up for a possible push higher?With the economic data sets, which we are getting and will be getting this week, all eyes on gold, and its possible move to the all-time high. Apart from this, the geopolitical tensions are also something that is fueling gold demand. But what are the technical saying? Let's take a look.
TVC:GOLD
FX_IDC:XAUUSD
Let us know what you think in the comments below.
Thank you.
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HelenP. I Gold may correct to support zone and then rebound upHi folks today I'm prepared for you Gold analytics. After rebounding from the trend line, XAUUSD began to grow steadily within the rising structure, confidently pushing through local resistance and breaking above the previous support 2 area. This breakout was backed by strong bullish momentum, with the price clearly holding above the broken level, turning it into a support base. Following that surge, the price entered a short-term consolidation, trading within the upper boundary of the chart, just above the 3400 level. This area now acts as a crucial support zone, and the market is currently hovering slightly above it after a local peak. Given the strength of the recent impulse and the confirmation of previous resistance as support, I expect a brief correction to the support zone before a continuation of the bullish move. That’s why I set my current goal at 3470 points — the next potential resistance area where the price may encounter renewed selling pressure after the rally continues. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
SPY/QQQ Plan Your Trade for 6-17: Top Resistance PatternToday's pattern suggests the SPY/QQQ will move into a type of topping pattern, attempting to identify resistance, then roll away from that resistance level and trend downward.
I suggest the news related to the conflict between Israel & Iran may continue to drive market trends with traders moving away from uncertainty near these recent highs.
Silver makes a big move higher. Gold will likely follow later this week or early next week.
BTCUSD moves into a sideways FLAGGING pattern - possibly attempting a BIG BREAKDOWN event over the next few weeks.
Overall, the markets look like they are poised for a very big move - just waiting for the GREEN LINK (GO).
Stay safe. Protect capital and HEDGE.
Get some.
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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 36.903 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 37.240 .Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
Gold Faces Resistance as Israel-Iran Conflict Fails to Fuel RallGold Unlikely to Sustain Long-Term Gains on Israel-Iran Tensions
Despite escalating geopolitical risks, gold’s upside remains limited. Julius Baer's Carsten Menke notes that the recent move is likely driven by short-term speculative and algorithmic flows, not physical safe-haven demand—consistent with historical patterns of brief geopolitical spikes.
Technical Outlook:
Gold is currently trading below 3404, suggesting possible range-bound consolidation between 3404 and 3480.
A 1H close below 3380 could trigger further downside toward 3365 and 3347.
Conversely, a break above 3404 would open the way for a bullish push toward 3448.
Key Levels:
• Pivot: 3381
• Support: / 3365 / 3347 / 3321
• Resistance: 3404/ 3420 / 3448
GOLD Will Go Higher From Support! Buy!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,395.19.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,467.28 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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!
Forward-looking trading, focus on 3380 support📰 Impact of news:
1. Geopolitical tensions in the Middle East
2. Iran nuclear talks
3. Retail sales data
📈 Market analysis:
Gold prices are currently in a narrow range of fluctuations again, and the signal of Iran restarting nuclear negotiations has weakened risk aversion, triggering a correction in gold prices during the session, but tensions in the Middle East remain an uncertain factor. In the short term, we still need to focus on the breakthrough of the 3380 support line. If the 3380 support line is strong, we can still maintain a long trading idea in the short term and look to 3400. On the contrary, once it falls below, it is expected to look to the 3350 line. Pay attention to the breakthrough of 3400 on the upside. If the Asian and European sessions cannot effectively break through this short-term resistance, gold will continue to fluctuate.
🏅 Trading strategies:
BUY 3380-3370
TP 3390-3400-3450
SELL 3400-3390
TP 3380-3370-3350
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 FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD