Get started

Commodities

XAUUSD: 1/5 Today's Market Analysis and StrategyTechnical analysis of gold Daily chart resistance 3283, support below 3167 Four-line chart resistance 3283, support below 3200 One-hour chart resistance 3243, support below 3200 Gold operation suggestions: From the current trend analysis, continue to pay attention to the short-term suppression of the 3250-65 area above, and continue to be bearish if it rebounds during the day. The support below is around the 3200 integer mark and 3167. The short-term long-short conversion position is in the 3260~3265 area. You can buy after it stabilizes. Sell: 3283near SL: 3287 Sell: 3243near SL: 3248 Sell: 3200near SL: 3205
TVC:GOLDLong
by ActuaryJ
DeGRAM | GOLD Broke the Rising Channel📊 Technical Analysis ● Break below the rising channel and $3 290 support; failed retest inside the $3 320-3 260 supply creates a descending structure—targets sit at $3 200, then $3 000. ● 4-hour RSI bearish divergence and a sequence of lower highs confirm momentum has flipped to the downside. 💡 Fundamental Analysis ● Dollar Index rebounds (+0.27 %) on auto-tariff-relief headlines, boosting risk appetite and trimming haven demand. ● Yahoo Finance reports gold sliding as a stronger USD and tariff reprieve trigger profit-taking. ✨ Summary Channel break + USD strength favour a short XAU/USD view: objectives $3 200 → $3 000; invalidation above $3 360. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
1
Sugar futures are falling. But is it just seasonality?Looking at the futures of MARKETSCOM:SUGAR , we can see that the price continues to slide and we are currently at historic lows. This can be explained by seasonality and by the fact that Brazil is currently introducing a lot of sugar into the market. Let's dig in... Let us know what you think in the comments below. Thank you. 77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:SUGAR
by Marketscom
GOLD Formed Bearish Head and Shoulders Pattern🚨 TVC:GOLD Formed Bearish Head and Shoulders Pattern 🚨 TVC:GOLD has formed a bearish head and shoulders pattern and appears to be making a pullback to the neckline before a potential drop. However, if the price breaks out above the right shoulder, the bearish pattern could be invalidated. 📈 Technical Overview: Pattern: Bearish Head and Shoulders Neckline: Current pullback area. Bearish Confirmation: A drop below the neckline could confirm the bearish move. Invalidation: If the price breaks out above the right shoulder, the bearish pattern may be invalidated.
TVC:GOLDShort
by WaveRiders2
Silver Slips on Trade Optimism and Weak Economic Data Silver prices dropped over 1% on Thursday, slipping to around $32 per ounce, dragged by reduced safe-haven demand following Trump's optimistic remarks on potential trade deals with China, India, Japan, and South Korea. Weak economic data further pressured prices, with the U.S. economy contracting by 0.3% and China’s manufacturing PMI falling to a 16-month low, raising concerns about industrial demand. Today, silver is showing signs of recovery amid improved risk appetite, with the market focus on the $34.90–$35.00 resistance zone as a key technical level. Narrow Range: $31.30 – $33.70 Wide Range: $28.50 – $34.90/35.00
FOREXCOM:XAGUSD
by ChartMage
Gold Slips as Trade Optimism Eases Safe-Haven Demand Gold is hovering near $3,250/oz, on track for its worst week in over two months. Signs of easing tensions, China’s openness to trade talks and Trump’s remarks on deals with India, Japan, and South Korea, have weakened gold's demand. Adding pressure, the U.S. economy contracted in Q1, and March PCE inflation was flat. Markets now turn their attention to the upcoming non-farm payrolls report. Technically, the $3,200-$3,210 support zone is critical. Narrow Range: $3,180 - $3,276 Wide Range: $3,075 - $3,303 #Gold #XAUUSD #SafeHaven #TradeTalks #USChina #Inflation #PCE #NonFarmPayrolls #Commodities #MarketAnalysis #TechnicalAnalysis #GoldPrice #Forex #Investing
EIGHTCAP:XAUUSD
by ChartMage
How to layout gold before non-agricultural data🗞News side: 1. Progress in Sino-US tariff negotiations: The United States has recently contacted China through multiple channels, releasing signals that a trade agreement may be reached. Market concerns about trade friction have significantly cooled down, weakening the safe-haven appeal of gold. 2. The U.S. non-farm payrolls report for April will be released today (expected to add 130,000 new jobs). If the data is weak, it may strengthen expectations for an interest rate cut. On the contrary, if it is stronger than expected, the interest rate cut schedule may be further delayed. 📈Technical aspects: Gold bottomed out yesterday and has now rebounded to around 3250. For the current market situation, the previous low of 3260-3270 has become an important resistance level above the gold price after the top-to-bottom conversion. In addition, non-agricultural data will be released in the U.S. market today. Therefore, if gold wants to reverse upward, the first resistance will be in the 3260-3270 range. If the counter pull from the bottom fails to stabilize at 3270, then there will be a downward trend. If it breaks through this resistance range, it may test the 3286 line. Before the release of non-agricultural data, the European market can be shorted when encountering resistance at 3260-3270. Everyone is waiting patiently for the opportunity to enter. The following focuses on the important support of 3200. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSDShort
by AllenBoswell
Gold on Edge – Will NFP Trigger the Next Big Move?🚨 Gold at a Crossroads – Will NFP & White House Comments Trigger a Volatility Spike? ⚡ 🧭 Macro Overview Gold enters the US session with a mild rebound after a sharp selloff, following its historic climb to $3,500/oz. The recent drop was driven less by fundamentals and more by aggressive profit-taking, especially from retail flows in Asia, notably China. Rather than a trend reversal, this correction looks like a healthy technical reset, just ahead of two major catalysts: 1️⃣ US Non-Farm Payrolls (May edition) 2️⃣ White House remarks on tariffs and trade strategy These two factors will likely define gold’s direction heading into next week — either toward deeper support zones or a potential recovery rally into resistance. 📊 DXY & Macro Market Lens The US Dollar Index (DXY) has bounced off its base near 98.xx, currently testing the 100.00 level. Whether the dollar strengthens further depends largely on today’s labour data and fiscal signals from Washington. Traders should remain tactically neutral, relying on intraday timeframes like H1/H2 and respecting key price structure. 🔺 Key Resistance Levels 3,260 3,275 3,285 3,312 🔻 Key Support Levels 3,244 3,230 3,215 3,200 🎯 Trade Plan – Friday 3rd May, 2025 🔵 BUY ZONE A: Entry: 3,232 – 3,230 SL: 3,226 TP: 3,236 → 3,240 → 3,244 → 3,248 → 3,252 → 3,256 → 3,260 🔵 BUY ZONE B: Entry: 3,214 – 3,212 SL: 3,208 TP: 3,218 → 3,222 → 3,226 → 3,230 → 3,235 → 3,240 🔴 SELL ZONE: Entry: 3,276 – 3,278 SL: 3,282 TP: 3,272 → 3,268 → 3,264 → 3,260 → 3,250 ⚠️ Final Notes Volatility may spike sharply during the NY session as NFP and political news collide. This is the kind of session where traders can either capitalize massively or get caught offside — stay disciplined. Avoid emotional entries — let price come to you, wait for confirmation, and stick to your TP/SL. 📣 Conclusion We’re likely in a calm-before-the-storm scenario. Gold hasn’t made its real move yet — but when it does, it’ll be swift. Prepare. Execute. Protect your capital.
OANDA:XAUUSDLong
by MMFlowTrading
WTI Oil H4 | Pullback resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 60.49 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement. Stop loss is at 62.30 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance. Take profit is at 56.68 which is a multi-swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILShort
by Tradu
Is Platinum About to Explode? Imminent Rally!Platinum (PL1!) is currently in a technically and macroeconomically compelling setup. After a prolonged consolidation between 872–921, price has reacted strongly, forming a clear accumulation pattern supported by institutional positioning and favorable seasonality. 📈 1. Technical Analysis: Accumulation and Potential Breakout The weekly chart shows a strong demand zone that has been defended multiple times over the past year. Following a deep pullback in April, price has formed a harmonic compression structure and broke to the upside with conviction. The area between 1010 and 1040 stands out as the first major historical supply zone — previously rejected but now looking increasingly vulnerable. 📉 2. COT Report: Institutions Repositioning Long The COT data as of April 22 shows a clear increase in long positions from commercial traders (+1,177 contracts), while non-commercials maintain a net long bias. Total open interest rose by over 1,500 contracts — a strong sign of renewed speculative interest in Platinum. ✅ Conclusion Platinum is showing strong confluence across technicals, institutional positioning, and historical seasonal behavior. The probability of a bullish extension in Q2 2025 is high. This is a setup worth watching closely in the coming days.
NYMEX:PL1!Long
by EdgeTradingJourney
2
GOLD may enter accumulation when the market lacks impact Spot OANDA:XAUUSD prices were broadly steady in Asian trade on Friday (April 25) after a sharp rise in the previous trading day. The current price of gold is around $3,341/ounce, down from the $3,371 price target that readers noted in yesterday's edition. Spot gold prices jumped on Thursday, snapping a nearly 3% decline the previous day, helped by a weaker US dollar and bargain-hunting as investors kept a close eye on the latest news on tariff negotiations. Market Highlights Gold prices rebounded on Thursday after their biggest drop this year as bargain hunters entered the market, Bloomberg reported. China's official broadcaster CCTV reported Thursday that the Wall Street Journal reported that Trump is considering a plan to impose tiered tariffs on China, and White House press secretary Levitt said Trump's stance on tariffs on China "has not softened." "This is all fake news. As far as I know, China and the United States have never consulted or negotiated on tariffs, let alone reached an agreement. This tariff war was initiated by the United States, and China's attitude is consistent and clear: if you want to fight, we will fight to the end; if you want to negotiate, the door is open. Dialogue and negotiation must be equal, respectful and mutually beneficial," said Chinese Foreign Ministry spokesman Guo Jiakun. Cleveland Fed President Hammack made it clear in an interview on Thursday that the Fed has essentially ruled out a rate cut in May. But she also delivered a key message, saying that if there is clear evidence of the economy’s direction, there will be room for policy action in June. When asked if a rate cut was possible in June, Hammack said: “If we get clear and compelling data in June, then I think the committee will act, assuming we have a clear understanding of the right path for policy at that point.” Markets reacted quickly after Hammack’s remarks, with interest rate swaps indicating the likelihood of a rate cut by the Federal Reserve in June rising to around 65%. Technical Outlook Analysis OANDA:XAUUSD After achieving the target increase twice, which readers should pay attention to in the previous day's publication at 3,371 USD, the price point of the Fibonacci retracement of 0.236%, the recovery momentum of gold is being controlled and limited. In the short term, gold is likely to enter a sideways accumulation phase, waiting for more fundamental breakthroughs. The expected accumulation area is around 3,371 - 3,292 USD, which are the positions of the Fibonacci retracement of 0.236% and 0.382%. However, with the current position, the main outlook is still bullish in the long term with the trend from the price channel as the main trend and support from the EMA21 as the main support. During the day, the expectation of short-term accumulation in the main uptrend will be noted by the following levels. Support: 3,300 – 3,292 USD Resistance: 3,371 USD SELL XAUUSD PRICE 3411 - 3409⚡️ ↠↠ Stop Loss 3415 →Take Profit 1 3403 ↨ →Take Profit 2 3397 BUY XAUUSD PRICE 3204 - 3206⚡️ ↠↠ Stop Loss 3200 →Take Profit 1 3212 ↨ →Take Profit 2 3218
OANDA:XAUUSDLong
by Xayah_trading
19
XAU/USD (Gold) H1 Breakout (29.04.2025)The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 3158 2nd Support – 3025 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
FX:XAUUSDShort
by KABHI_TA_TRADING
30
SPY/QQQ Plan Your Trade Update : Behind The Scenes ResearchI want to say thank you to all of you and to share with you all the work/resources/servers/and other data I maintain to help me identify where and how the markets will present opportunities to all of us. This video shows you a bit of the behind-the-scenes work I do and some of my proprietary modeling systems. I'm not sharing this with you to try to win you over or to tell you I do more than anyone else in terms of research. I'm sure there are many others who go much further than I do in terms of trying to dissect the markets and the opportunities available. But I do believe I deliver very unique research, which is a one-of-a-kind solution for traders. Again, I'm not 100% accurate (I wish I were). But I am trying to share some of the decision-making solutions I use to understand where the markets are likely to move over the next 2- 4+ months and how traders can profit from my research. Remember, you are only seeing about 10% of my total research, tools, modeling systems, and capabilities in these Plan Your Trade videos. I want to thank all of you who continue to value my work. It is not easy. It takes money, time, and resources to continue to monitor all of these systems/algos. The end result, I believe, is one of the most unique future/current modeling system resources you can find anywhere. Again, thank you for making my research a success. I promise to do more and improve my tools over the next 12+ months for everyone to find better profits. 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
AMEX:SPYEducation
by BradMatheny
2
Silver H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 32.73, which is a pullback resistance aligning with the 61.8% Fibo retracement. Our take profit will be at 31.90, an overlap support level. The stop loss will be placed at 33.62, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com/en): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:XAGUSDShort
by Tradu
XAUUSD H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 3259.47 which is a pullback resistance aligning close to the 38.2% Fibo retracement. Our take profit will be at 3170.07, a pullback support that aligns close to the 61.8% Fibo retracement. The stop loss will be placed at 3343.42, an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com/en): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:XAUUSDShort
by Tradu
Heading into pullback resistance?XAU/USD is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 3,275.29 Why we like it: There is a pullback resistance level that line sup with the 23.6% and the 50% Fibonacci retracement. Stop loss: 3,350.60 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 3,168.44 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
XAUUSD Technical Analysis: Bullish and Bearish ScenariosGold (XAUUSD) has exhibited a strong bullish impulse, breaking out of established channel structures. Following a sharp ascent, the price action has entered a consolidation phase near recent highs. This analysis explores potential scenarios based on technical patterns, key levels, and underlying market psychology. Chart Analysis and Market Psychology The chart displays a distinct uptrend characterized by ascending channels. Recently, XAUUSD experienced a significant upward thrust, breaking decisively above the shorter-term orange channel. This move reached the projected target derived from this channel's height, near the 3405 level. Following this peak, price action has formed a tighter consolidation range. This pattern, occurring after a sharp rally and on potentially decreasing volume (as is common in such formations), resembles a bullish continuation pattern, such as a pennant or flag. From a market psychology perspective, this suggests a temporary equilibrium: Buying Pressure: Bulls who drove the initial breakout may be pausing, absorbing profits taken by earlier entrants, or accumulating new positions in anticipation of further upside. The sharp nature of the preceding rally indicates strong underlying demand and potentially FOMO (Fear Of Missing Out) among participants. Selling Pressure: Sellers are attempting to cap the rally, potentially taking profits or initiating short positions. However, the observation that dips below 3259 were quickly bought suggests that selling pressure has been relatively weak compared to the buying interest defending this level. This rejection indicates that market participants still perceive value at or above this zone, viewing it as a potential support level following the breakout. The key level currently in focus appears to be around 3259. The price interaction with this level could be crucial in determining the next directional move. Bullish Scenario Conditions: For a bullish continuation, the price would ideally need to hold above the 3259 support level. A decisive breakout above the upper boundary of the current consolidation pattern would serve as confirmation. Psychology: This outcome would suggest that the consolidation phase was indeed accumulative, with buyers absorbing selling pressure and preparing for the next leg higher. It would reinforce the "impatient bulls" and "weak bears" narrative. Potential Targets: A retest of the recent highs near 3405. The target derived from the breakout of the medium-term turquoise channel, located near 3640. Given the aggressive nature of the preceding rally, an overshoot towards the higher projection at 3839 might become a possibility if bullish momentum remains exceptionally strong after breaking 3640. Bearish Scenario Conditions: A failure to hold the 3259 level, coupled with a break below the lower boundary of the consolidation pattern, could signal a potential reversal or a deeper pullback. This might involve price re-entering the previously broken orange channel. Psychology: This scenario would suggest that the buying pressure was insufficient to sustain the breakout, potentially indicating a "bull trap" or simply a more significant profit-taking wave overwhelming demand at current levels. Potential Support Zones: The upper trendline of the orange channel (acting as support after being resistance). The primary uptrend line (lower boundary) of the orange channel. The channel line (upper boundary) of the broader turquoise channel, which could coincide with the orange channel's lower boundary, potentially forming a confluence of support. Concluding Remarks XAUUSD is at a potential juncture following a strong bullish breakout. The current consolidation pattern holds the key to the next immediate move. Holding above 3259 and breaking the consolidation high could pave the way for further upside towards targets at 3640 and potentially 3839. Conversely, a failure to maintain support at 3259 might trigger a pullback towards the support levels defined by the underlying channel structures. Traders often watch volume closely during the resolution of such patterns for confirmation. Disclaimer: This report is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any asset. Trading involves risk, and decisions should be based on your own research and risk tolerance.  
OANDA:XAUUSDLong
by AccumulationPro